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28 January 2020 The on-line newspaper devoted to the world of transports 11:22 GMT+1

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The Business Timesweb site
Shipping News
  • Weak demand may pressure tanker rates
    Freight rates for dirty tankers to Asia are expected to trade near this year's lows with a lull in traffic due to weak seasonal demand, traders said yesterday.
  • Boat Asia to stay at Marina at Keppel Bay
    BOAT Asia has signed on for another three-year stint at Marina at Keppel Bay, its organiser, TMX Show Productions, announced yesterday.
  • Iran storing abundant fuel oil supply on VLCCs
    Iran has been storing straight-run fuel oil on supertankers for at least three months, in an unprecedented move prompted by China's poor feedstock demand and financing difficulties faced by buyers due to Western sanctions, industry sources said recently.
Strait Talk
  • Not quite plain sailing in the near term
    TWO press releases attracted my attention this week. One brought encouraging news, the other was gloomier.
Shipping Times
  • Labour strikes cripple France and London
    Strikes hobbled public transit across France and in London yesterday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures.

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Sched Netweb site
  • The Containership Company reports US$3 million first half loss
  • DP World becomes No 3 port operator after PSA and Hutchison
  • Xian-Taiwan trade value amounts to US$200 million
  • China-Ukraine first half trade value up 31.3pc to US$3.3 billion
  • China auto output up 35.4pc to 10 million units through August
  • CEVA offers Alberta Express energy service to US Gulf
  • Citigroup takes pessimistic view of long-range box trade profits
  • Mexico's ports to be equipped with 50 Kalmar terminal tractors
  • Sweden's Greencarrier opens new branch in Shenzhen
  • Greenbrier receives bumper order for 53-footers
  • China Airlines to start all-cargo services to mainland coast
  • Dubai's new airport hopes swell as next world cargo hub
  • 100pc air screening sparks fresh produce shipper groan

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Exim Indiaweb site
  • Assocham seeks industry status for logistics sector
  • Dry bulk freight rates may go for a toss
  • MOL begins 45-day safety campaign
  • Reactivated tonnage, new deliveries impacting rates
  • Rotterdam Rules coming under focus on Friday
  • Shipbuilding capacity expansion on GSL's agenda
  • Vessel glut, poor demand sink crude tanker rates
  • Vizag IMU urges Andhra for early land transfer
  • Plethora of Port-related projects set to change face of Kochi
  • Port of Antwerp ideally positioned as ex-im gateway to Europe
  • VPT sowing a green future
  • Apples still in CONCOR subsidiary's shopping list
  • Govt may invest Rs 400-bn in airports upgrade plan
  • DTC regime may cripple SEZ growth, fears EPCES
  • Immense reserves of gas struck in Cambay basin
  • Monsoon set to be normal this year
  • Meet on supply chain management today
  • Needed: Honest cogs to build our institutional infrastructure

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International Transport Journalweb site
  • Ustica Lines launches new ro-ro service
    The Italian shipping company Ustica Lines has announced the launch of a new ro-ro service linking the ports of Chioggia (Venice), Augusta (Sicily), and Valletta (Malta) as from 14 ...
  • Valenciaport welcomes one of the world's largest LNG carrier
    Valenciaport (Spain) welcomed a LNG carrier Q-Max, one of the world's largest LNG vessels, on 6 September. The "Al Dafna" unloaded 260,000 cbm of LNG in Saggas, the ...
  • "CMA CGM Amerigo Vespucci" in Le Havre
    Le Havre (Terminal de France TDF) recently welcomed the 13,830 teu newbuilding "CMA CGM Amerigo Vespucci", which made its maiden call at the French port. The ve...
  • The Grimaldi Group mourns the loss of founder
    Guido Grimaldi, founder and chairman of the Grimaldi Group (Naples), has died at the age of 92. A spokesman for the Italian shipping group said Guido Grimaldi died peacefully yeste...
  • UTi Worldwide reports higher Q2 revenue and profits
    The US forwarding and logistics company UTi Worldwide Inc has reported financial results for its fiscal Q2/2011 ended 31 July 2010. These show revenues of USD 1.151 billion, an inc...
  • DHL teams up with Rugby World Cup 2011
    The express and logistics service provider DHL has become the official logistics partner of the Rugby World Cup 2011 (RWC 2011). As official partner, DHL will be responsible for ti...
  • TNT Express: new contract with RS Components in France and Italy
    RS Components, the world's largest distributor of electronics and maintenance products, has awarded TNT Express a contract to carry out all its domestic deliveries in France and It...
  • Qatar Airways prepares for major Indian expansion
    Qatar Airways is to expand its Indian network by a 20% increase in services to Delhi, Cochin and Amritsar from this month (September). With a total of 14 extra flights being phased...
  • Crew dies in UPS cargo plane crash in Dubai
    A UPS B747-44AF cargo plane was destroyed on 3 September shortly after takeoff from Dubai Airport (DXB), UAE. UPS confirmed the death of the two crew members. The cargo flight to C...

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Marine Logweb site
  • Management changes at Great Lakes Dredge and Dock
  • Stone reports successes for NPT propellers
  • Damen books order for first Twin Axe Catamaran
  • Deepwater Horizon: Lessons learned

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World Wide Shipperweb site
  • Port of Everett looking for Chief Administrative Officer candidates
  • NOL celebrates opening of new Global Service Center
  • Sea-Tac giving parking break to Seahawks football fans
  • Georgia Tech logistics center opens doors in Panama City
  • NOAA nets federal funds for Pacific Regional Center project

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Lloyd's Listweb site
  • DryShips seeks $350m from follow-on offering
    Company's share price tumbles after it reveals it is returning to the capital markets
  • DryShips upbeat on drillship future despite profits dip
  • 'Bullish' DryShips returns to the black
  • DryShips completes $240m bond issue
  • Berlin defends state aid decision
    Government did right thing by not providing extensive state aid to shipping during...
  • Germany agrees retrofit state aid
  • Mumbai collision inquiry lays blame on bulker
    Khalijia 3 primarily at fault in accident with MSC Chitra, according Directorate...
  • Lost documents unlikely to affect MSC Chitra...
  • STX Pan Ocean plans four special purpose companies
  • Vale's fleet ambitions loaded with...

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Fairplayweb site
  • DryShips flogs more equity
    DRYSHIPS revealed today that it plans to sell yet another 79.2M shares as it continues to aggressively tap capital markets
  • Huge UK coke cache seized
    COCAINE with a street value of £8.25M ($12.7M) has been seized at Tilbury in Essex, the UK Border Agency told Fairplay today
  • Strike shuts some French ports
    SOME PORT operations in France were closed today as dockers and other workers staged a one-day strike to oppose government plans to raise the retirement age
  • Catalan copper caper: 4 held
    SPANISH police have arrested four men in connection with the theft of 500kg of copper at Barcelona's port
  • Ukraine detentions criticised
    UKRAINE'S big freeze on two dozen grain ships stuck in port was attacked today by the Ukrainian Grain Association
  • TransAtlantic deal approved
    SWEDEN'S offshore shipowner TransAtlantic today said the relevant competition authority has approved its acquisition of the remaining shares of Trans Viking
  • Brazil extends its oil-rich shelf
    BRAZIL has extended sovereignty claims over its oil-rich continental shelf, IHS Global Insight reported today

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The Journal of Commerceweb site
  • Start-Up Container Line Loses $3 Million
  • Imports Peaked in July, Port Tracker Says
  • Diesel Inches Downward for Third Week
  • Reed Smith Expands Maritime Practice
  • Hong Kong Container Volume Grows 9.7 Percent
  • Strike Disrupts Cargo Handling at Indian Ports
  • Obama Outlines Transportation Strategy
  • Transport Groups Seek Infrastructure Plan Details
  • Nehru, Mumbai Ports Lift All Restrictions
  • Airline Group Forecasts Slower Freight Growth
  • Police Stop Truck, Seize $1 Million
  • Panama Canal, Antwerp Sign Cooperation Pact
  • Maersk Says Slow Steaming Here to Stay
  • Hamburg Sud Christens Ship in Mexico
  • Obama Offers $50 Billion Transport Building Plan

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Containerisation Internationalweb site
  • Transatlantic rates bull run nears its zenith
  • Judge stops Paranagua surcharges
  • Indonesian ports gripped by congestion
  • Rates from Asia to Europe still up in July
  • PortConnect and H&S branch inland

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TradeWindsweb site
  • DryShips plots $350m offering
    George Economou-led owner may tap the capital markets for cash on the heels of freshly sealed loan waivers.
  • Shipping in race against time
    Classification chief warns of tough greenhouse gas challenge facing shipowners as fleet grows.
  • NCL 'orders at Meyer Werft'
    Meyer Werft said to have landed two-plus-one newbuilding deal from Norwegian Cruise Line.
  • Petrobras ties up Tug Malta AHTS
    Brazilian energy behemoth grabs anchor-handler from Rimorchiatori arm for another two years, sources say.
  • Shipping 'sincere' in green drive
    Shipowners' leader Spyros Polemis argues that shipping's contribution to saving the planet is not greenwash
  • Clipper bulker in collision
    Strong current drags Danish bulker down Colombian river and into contact with cement carrier.
  • Baltic supramax sidelined
    Baltic Trading bulker out of commission as hull damage from German grounding appears 'greater than expected'.
  • Greek bulker foils pirates
    Meadway-chartered Matumba alerts Indian Navy to huge pirate group in IRTC with talk of mass arrests.
  • Newlead seals tanker deals
    Nasdaq-listed owner fixes two products carriers for a year on profit-sharing deals.
  • Dryships wins more waivers
    Greek owner rejigs loan conditions while signing new management deals with boss George Economou's Cardiff Marine.
  • Greece reshuffles shipping ministry
    Prime minister Papandreou reinstates independent maritime department under Yiannis Diamantidis.
  • Frontline fixes out VLCC pair
    John Fredriksen-led tanker giant confirms Golden Victory deal and nets five-year charter for Front Eminence.
  • Latvian in $1.6m crew death case
    Allegations of death after working in 70 degree heat onboard tanker at US port levelled at Latvian Shipping.
  • AI to keep Nasdaq listing
    Windstar cruise parent has boosted share price above $1 to meet exchange rules.
  • Teekay sells to Greek
    US-listed owner offloads one of its oldest aframaxes for $17.2m.
  • CSBC suffers in first half
    Taiwanese shipbuilder sees profit fall as it chases slice of Evergreen's newbuilding programme.
  • Kenya jails seven pirates
    Ill-advised attack on German naval vessel last year ends in five-year terms for men now vowing to fight against piracy.
  • STX Pan Ocean sets up SPCs
    Korean bulker player forms four special purpose companies to finance newbuildings.
  • Hanjin Heavy eyes bond sale
    Korean shipbuilder has over $210m in its sights as it targets sale of three-year notes, report claims.
  • SCI takes new tack on yards
    Indian state shipowner may build own shipyard or take stake in domestic player as it seeks to diversify.
  • Green Reefers falls on low buyout offer
    Kristian Eidesvik makes minority shareholders in Oslo listed reefer operator an offer they will find easy to refuse.
  • Marco seals coal deal
    Singapore tug and barge operator secures 12 month domestic Indonesian coal shipment deal.
  • CalMac ferry rescues divers
    Scottish ro-pax comes to aid of men who got into difficulty in the Firth of Clyde.

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American Shipperweb site
  • China, Hong Kong shippers decry damage charges
  • Top lines' first half earnings surge
  • TCC loses $3 million in first half
  • Judge blocks charges against Agility
  • Schneider sells portion of logistics business
  • Maersk to use Pipavav exclusively in Gujarat
  • Port Manatee to begin dredging in January
  • PO Shipping service makes 1st Long Beach call

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The Scandinavian Shipping Gazetteweb site
  • Growth for Viking Line on Tallinn service
    Viking Line's ferries transported close to 2.1 million passengers during the three summer months of 2010. This was two per cent more than during the corresponding period from June
  • Green Reefers in the hands of Eidesvik
    The investment conglomerate Caiano, controlled by the shipping entrepreneur Kristian Eidesvik, now controls 54.5 per cent of the shares in the Norwegian shipping company Green Reefers after a rights

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The Bunker Bulletinweb site
  • Markets soften in north Europe
    NYMEX showing losses of more than $1 in early trading.
  • Maersk Line in first voluntary fuel switch in Asia
    Move expected to cost an extra $1 million annually and reduce sulphur emissions by at least 80 percent.
  • Bunker prices falling in key Middle Eastern ports
    Tight avails for prompt deliveries in Fujairah
  • Aegean supplying 30,000 mt a month off Trinidad
    Volumes 'could double' if operations began inside Trinidad and Tobago waters.
  • Indian refinery offers 380 cSt cargo
    Essar Oil has been running heavier crude grades, say traders.
  • New warning on catalyst fines
    DNVPS says demand for low sulphur bunker product could trigger increase in catalyst fine content.
  • IFO prices softening in Asian hubs
    Tokyo players say demand improved on Tuesday.
  • Mumbai MGO prices hit 4-month high on thin supply
    Local suppliers offer domestic taxed prices due to lack of bonded MGO product.
  • Box shipping recession 'over'
    Positive operating results signal end of recession in the box shipping industry.
  • New sales head joins Naftal
  • IBS turns physical supplier in Japan
    Able to supply bunkers at Tokyo Bay, central and western Japanese ports, says managing director of IBS.
  • Typhoon halts Korean bunkering operations
    Main bunkering ports of Busan and Ulsan affected by suspension, traders say.

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