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05 August 2020 The on-line newspaper devoted to the world of transports 23:33 GMT+2

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The Business Timesweb site
DECEMBER 23, 2010
Shipping News
  • DP World sells 75% of Australian unit
    Dubai-based ports operator DP World moved to cut its debts with the sale of 75 per cent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for US$1.5 billion.
  • Viet shipbuilder granted tax concessions
    Vietnam has granted tax concessions to nearly bankrupt shipbuilder Vinashin, a newspaper reported yesterday, after speculation authorities would find a way to help the firm meet a debt deadline.
  • Supertanker surplus drops as demand rises
    An excess of supertankers competing for Persian Gulf crude oil shrank for a second week as demand to charter ships jumped to the highest since July and returns from leasing ships surged.
  • Baltic index falls as weather disruptions weigh on cargo activity

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Sched Netweb site
DECEMBER 23, 2010
  • Port of Tianjin November box volume up 14.2 per cent
  • China Eximbank to expand ship financing for Chinese shipowners
  • Yangtze River trunk stream cargo movement up 10pc per year
  • Safmarine upgrades Far East to East Africa network
  • Port of Savannah sees box throughput rise 11.5pc in November
  • GAC handles logistics for India Economic Summit
  • FedEx ups capacity from HK to Paris with 777F deployment
  • China Eastern, Singapore Air combine air freight carriers to gain stronger foothold in Shanghai market
  • Air India in talks with Dublin Airport Authority about operating flights to US

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Exim Indiaweb site
DECEMBER 23, 2010
  • CII summit looks at problems facing infrastructure sector
  • NSCSA sends exclusive box train from Mumbai Port to Tughlakabad
  • Protest against excise notice halts work at Alang yard
  • Anti-dumping duty imposed on Chinese transmission equipment
  • Gems & jewellery exports rise by 32 pc during April-Nov.
  • India, Singapore trade may touch S$30 bn
  • US demand for shrimp brings in more dollars
  • MoS team to visit Port Blair to soothe tempers of agitating workers
  • DHL to invest $ 20 m in FTWZs
  • Rlys freight revenue up by 6.54 pc during April-Nov.
  • Transporters, CHAs continue work stoppage at Mundra Port
  • 59 m tonnes of vegetables, fruits rot in India in a year
  • Cotton crop estimate lowered
  • Customs duty on onion scrapped
  • Export of 2.5 m bales of unshipped cotton to be allowed
  • India, Russia sign protocol to raise trade to $ 20 bn by 2015
  • Indo-Thai free trade pact likely in 2011
  • Inflation figures may go up in Dec.
  • Montek questions MoEF order on coal mining areas
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan

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Marine Logweb site
DECEMBER 22, 2010
  • IRISL P&I insurer sanctioned
  • Keppel FELS books another jack-up order
  • STX Finland gets contract for world's largest LNG-fueled ferry
  • Congress approves dual LCS buy

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World Wide Shipperweb site
DECEMBER 22, 2010
  • P O Shipping begins calls at Port of Oakland
  • Crowley Maritime inks deal to increase Shell station network
  • Rail association publishes railroad facts reference book
  • International Maritime Organization warns of false invoice scam
  • Aircastle Limited affiliate delivers pair of Boeing 747-400 freighters

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Lloyd's Listweb site
DECEMBER 22, 2010
  • MSC grabs top spot from Maersk in US export trades
    Geneva line's US containerised volumes climb 16.4% in the first nine months of 2010
  • MSC eyes new boxships
  • Maersk Line offloads boxship trio to MSC
  • Box lines set to rack up bumper $17bn profits
  • DP World nets $1.5bn from Australian ports sell-off
    Ports operator in move to ease debt from sale to private equity firm Citi...
  • DP World shrugs off concerns over $5.9bn debt
    Chief financial officer claims the company has substantial cash to cover all its...
  • DP World nets $1.5bn from Australian ports...
  • China Shipping Development splashes out $350m on five tankers
    Two VLCCs and three aframaxes ordered from Dalian Shipbuilding
  • Brightoil Petroleum eyes gap in Chinese oil...

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Fairplayweb site
DECEMBER 22, 2010
  • Pirates blocked by razor wire
    PIRATES failed in their attempt to hijack a general cargo ship today after they were unable to break through razor wire, according to EU NAVFOR
  • Fumes overcome bulker crew in Canada
    SIXTEEN Chinese crew members are in a Canadian hospital today after being overcome by fumes on their Liberian-flagged bulker
  • Cruise shares soar
    CARNIVAL Corp and Royal Caribbean shares have both hit fresh one-year highs in the wake of a better-than-expected 2011 forecast from Carnival
  • Hainan expands service
    HAINAN Pan Ocean Shipping has added a call in Oakland to its trans-Pacific box service
  • Bulker's crew rescued
    A BULKER'S 15 crew members were reportedly rescued today after it grounded in Japan
  • Euroseas reveals charter legal dispute
    NASDAQ-listed Euroseas today disclosed a legal row with the former charterer of its Panamax bulker Aristides NP, as well as two new period deals
  • Canaveral gains $42M loan
    FLORIDA'S Canaveral Port Authority has secured a $42M loan to accelerate an expansion scheme
  • Suez revenues reported
  • Brazil changes export taxes
  • Turkey hits Israeli-Cypriot boundary deal
  • Flex-Samsung talks held
  • US targets IRISL insurer
  • STX OSV to buy all of its Singapore unit
  • Vinashin tax grace reported
  • DPW sells $1.5Bn Oz stake

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The Journal of Commerceweb site
DECEMBER 22, 2010
  • Strong Rail Traffic Pulls Through Blizzards
  • Heavy Rains Can't Stop LA-Long Beach Drayage
  • Home Sales Rose 5.7 Percent in November
  • DOT Stimulus Spending Tops $24 Billion
  • Nike Warns of Higher Shipping Costs
  • Wisconsin Study Proposes Modified Ballast Rule
  • Navistar Net Profit Falls 55 Percent as Truck Sales Rise
  • Q&A: Top Rail Regulation, Policy Stories of 2010
  • New Locomotive Shop for Iowa Interstate
  • Japanese Trade Grows Faster in November
  • International Accord Tightens Aircraft Financing
  • Baltimore Container Volume Grows 5.7 Percent
  • Port Canaveral Gets $42 Million Facilities Loan
  • GDP Rose 2.6 Percent in Third Quarter
  • Food Safety Bill Passes Congress
  • Port of Long Beach to Regulate Smaller Trucks
  • YRC Seeks More Time to Restructure

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Containerisation Internationalweb site
DECEMBER 22, 2010
  • Sydney hit with congestion surcharges
  • DP World sells and strategises in Australia
  • PO Shipping adds Oakland call to transpacific service
  • More of ICF sold
  • Hamburg freed from Free Zone

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TradeWindsweb site
DECEMBER 22, 2010
  • Showdown for SE Shipping Lines
    The sheriff is waiting for the multipurpose ship SE Verdigris and its charterer at Baton Rouge.
  • Norwegian divorce
    Norwegian coastal express line operator Hurtigruten ASA is selling out of Nor Line.
  • CSDC adds more tanker orders
    CSDC is splashing out some $350m on aframaxes and VLCCs at Dalian.
  • Euroseas pulls panamax charter
    Aristides Pittas's Euroseas is lawyering up after taking back a time-chartered bulker over alleged charter defaults.
  • Duo deliver the Shipping Forecast
    Richard Fulford-Smith and Denis Petropoulos share their Christmas wish lists and New Year views.
  • Snow hits delivery of TradeWinds
    Icy weather disrupts flights but you can still read your favourite shipping newspaper on the internet.
  • U-Sea Bulk on acquisition trail
    Copenhagen listed bulker firm teams up with a partner in Singapore to acquire newbuildings.
  • Iranian insurer faces sanctions
    Iranian underwriter that came to the rescue of beleaguered national line is targeted by US.
  • K-sure backs Vale newbuildings
    Korean insurer is to provide export insurance for Vale's South Korean bulker newbuildings valued at $760m
  • Merger hits final hurdle
    Acergy and Subsea 7 may shed a couple of ships following UK competition complaint.
  • NSCSA scoops resales at SLS
    Saudi owner pays $86m for two more tankers at the South Korean yard.
  • Sea Ace stuck on Onahama beach
    Coastguard rescues 15 crew after Chinese bulker grounds off Japan's north east coast in heavy seas and strong winds.
  • NYK spree boosts open hatch fleet
    Seven vessels ordered at a cost approaching $400m for Saga Shipholding subsidiary at Daewoo and Oshima yards.
  • DP World scores Down Under
    Emirates port player pockets $1.5bn after selling 75% of its Australian business to Citi Infrastructure Investors.
  • Square eyed skipper faulted for crash
    Officers on Seanergy bulker criticised in Danish collision probe, but fishing boat skipper was also watching TV as smash occurred.
  • Green light for green ferry order
    Viking Line confirms deal for new super cruise ferry at STX after Finnish governments backs the deal with subsidy.
  • Yen bonus for Japanese yards
    Mitsui Shipbuilding boss tips Japanese yards to claw back ground lost to South Korea and China thanks to helpful yen and the price of local steel.
  • BP takes Seadrill newbuilding
    John Fredriksen-controlled offshore company secures a $140m charter for a new tender rig.
  • Noble joins jack-up party
    US drilling company books up to six rigs at Jurong Shipyard as order flow continues to grow.
  • Welcome back
    Rem PSV secures decent deal with Statoil only a few hours after returning to the spot market from a term deal.
  • Algoma seals four in China
    Canadian shipowner orders series of St Lawrence Seaway-sized dry bulkers at Nantong Mingde.
  • Keppel bags Jasper rig deal
    Singapore yard group grabs potential two rig deal from locally-listed offshore drilling company.
  • Hedland ore volumes dip
    Iron exports from the world's largest bulk exporting port down over 7.5% from previous month.
  • Aegean eyes Cape Verde
    Nikolas Tavlarios-led bunker player reveals strategic co-operation with Enacol to expand network

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American Shipperweb site
DECEMBER 22, 2010
  • CKYH slows Asia-Europe loops
  • U.S. Treasury takes aim at IRISL's insurer
  • Maersk raises Middle East/India-to-Europe rates
  • Deutsche Post opens $2.6b credit line
  • Begeman nominated for STB
  • STB fines CN Railway
  • U.S. food safety bill heads to president's desk
  • PPG subsidiary pleads guilty to illegal exports to Pakistan
  • UNCTAD: Less choice for some island shippers
  • FMC reviews 24 OTI license applications
  • Long Beach follows LA's loophole-closing lead
  • APM: Italian ports could be southern gateway to Europe
  • Charleston container volume up 14.4% in November

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The Scandinavian Shipping Gazetteweb site
DECEMBER 22, 2010
  • STX Finland and Viking Line signs newbuilding agreement
    The letter of intent, signed on October 25, 2010 by STX Finland Oy and Viking Line Abp regarding a 57,000 GT car and passenger ferry, has been turned into a
  • Finnish support for green vessels
    The Finnish Ministry of Transport and Communications has granted a total of EUR 30 million for vessel investments improving the level of environmental protection. In addition to EUR 28 million
  • Court says yes to new container port outside Stockholm
    The Swedish Environmental Court of Appeal says yes to Ports of Stockholm's application to build a new container port at Norvikudden in Nynäshamn. The Environmental Court of Appeal says the
  • Saga orders seven open-hatch carriers
    Norwegian Saga Shipholding, a wholly-owned subsidiary of NYK, has placed an order at South Korean Daewoo Shipbuilding & Marine Engineering for five 55,000 DWT open-hatch carriers for delivery between
  • Alfa Lava acquires Aalborg Industries
    Alfa Laval acquires Aalborg Industries Holding for SEK 5 billion. Aalborg Industries has 2,600 employees and is expected to generate sales of about SEK 3.3 billion in 2010. The
  • Dan-Bunkering expands
    Danish Dan'Bunkering will open a new office in Monaco and thereby expanding its activities to Southern Europe. The company already has offices in Denmark (Middelfart and Copenhagen), Kaliningrad, Shanghai
  • Vidar Shipping buys Bravaden
    The Finnish shipping company Vidar Shipping is going to buy the 15,000 DWT dry cargo vessel Bravaden from Bore. She will be operated by Vidar Shipping and enters service for

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The Bunker Bulletinweb site
DECEMBER 22, 2010
  • Crude rises as supplies drop more than forecast
    'Prices could easily hit $100 by the end of the year based on this report,'says senior market strategist.
  • Fujairah bunker market firms
    Deliveries available for supply up to and including January 1/2 in Durban.
  • Bunker prices rise across Europe
    Sources say there are low avails of LS 180 cSt bunker material in Rotterdam.
  • LNG ferry-order confirmed
    Viking Line goes ahead with plans for LNG powered vessel.
  • MGO prices hit fresh highs for the year
    Demand mostly healthy on Wednesday, traders say.
  • Scrubber technology company 'poised for growth'
    Aalborg Industries to be acquired by Alfa Laval.
  • Dan-Bunkering expanding to Southern Europe
    Monaco office to commence operations in February 2011, company says.
  • Hong Kong faces tightening bunker supplies
    On replenishment delays and increasing demand for bunkers at the port.
  • Hin Leong eyes $6-8 billion 'green' refinery in Singapore
    The planned refinery will produce 'green' transportation fuels, sources told local media.
  • Shortage of bunker avails in Colombo
    'Tight' avails of IFO 180 and MGO due to holiday season and cargo delays, traders say.
  • SinoBunker starts operations at Tianjin port
    Sold 600 mt of bonded bunkers to vessel at port on December 18.
  • Aegean to supply bunkers in Cape Verde
    Aegean will cover a range of 10 islands located off the coast of Western Africa.

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