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07 August 2020 The on-line newspaper devoted to the world of transports 23:35 GMT+2

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The Business Timesweb site
APRIL 28, 2010
Shipping News
  • Maritime Week to be even bigger in 2011
    EVEN as this year's Singapore Maritime Week kicks off, plans are already being made for next year as Sea Asia 2011 was launched yesterday with an expected 20 per cent increase in exhibition space over the previous edition of the show in 2009.
  • Panalpina opens 20,000 sq m facility at Loyang
    LOGISTICS giant Panalpina is the latest to jump on the oil and gas bandwagon, opening a dedicated 20,000-plus sq m facility at Loyang Offshore Supply Base yesterday.
  • PPL launches Sinopec rig
    SEMBCORP Marine unit PPL Shipyard launched the Kan Tan 6 yesterday, a Pacific Class 375 offshore jack-up rig commissioned by a subsidiary of Chinese oil-and-gas heavyweight China Petroleum & Chemical Corporation (Sinopec).
  • Supertanker prices surge close to 9-month highs as owners reluctant to sell
Strait Talk
  • Maritime hub with a high-tech edge
    SO WE are already halfway through Singapore Maritime Week (SMW). And Sunday's Amazing Maritime Race does seem to have worked as an ice-breaker to set the week buzzing.
  • China poised once again to play key role in US rail construction
    Nearly 150 years after American railroads imported thousands of Chinese labourers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time, it would be an entirely different role: supplying the technology and engineers to build high-speed rail lines.

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Sched Netweb site
APRIL 28, 2010
  • CIMC inventory loss cuts profit 15.4pc, but Q1 sales up 82.6pc
  • APL four-week volume increases 32pc while revenue grows 12pc
  • CMA CGM to again up EPIC rate, US$200/TEU from India to Med/Europe
  • Zim hikes rate US$200 from India to Europe on May 15
  • Dalian's first quarter volume up 19.6pc to 1.2 million TEU
  • Shipping Corp of India bids on more containerships
  • Port Klang chairman, Northport CEO visit Luka Koper, Slovenia
  • TT Club insurers set new guidelines for cargo slinging
  • US-China exports prove resilient despite recession
  • Maersk notes change in St Petersburg First Container Terminal free storage terms
  • Clean Trucks too costly for independents, legal costs hit US$8 million
  • Volcano fall-out shows vulnerability of global supply chains
  • AAPA: Asian airlines recovering with March cargo up 33.1pc
  • Yangtze River Express launches Xiamen-Osaka service
  • Hangzhou to launch first European flight service in May
  • TransAsia Airways launches Fuzhou-Kaohsiung service

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Exim Indiaweb site
APRIL 28, 2010
  • SCI gearing up to begin operations at DP World, Vallarpadam Terminal
  • Safeguard probe of 8 EU, US products ends
  • FTA, MoU with Vietnam to bolster trade
  • Cabinet nod for trade with APTA nations
  • FTA with Israel may be springboard to West Asian market
  • Dumping duty on phenol from Japan, Thailand
  • China-Asean FTA may hit India
  • NM Port getting popular on cruise ships' itinerary
  • DHL to globally launch new ad concept today
  • To develop highways, Ministry to step on the gas
  • Life insurance industry: New business up by 68 pc in March 2010
  • India gets more muscle in World Bank
  • Spinners' gesture leaves Tirupur exporters cold
  • Incorporate schemes in FTP to encourage R&D, Fieo urges DGFT
  • Double whammy for exporters
  • Exclusive SEZ for defence equipment on Gujarat govt's radar
  • FIIs reiterate faith in Indian cos; invest more

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International Transport Journalweb site
APRIL 26, 2010
  • New plans to deepen the Elbe in June
    The German government has announced that the amended plans for deepening the River Elbe in Hamburg will be presented in June. The time frame is the same as the one that was tabled ...
  • Irish ports and shipping sector begins recovery from record fall in volumes
    The latest edition of the Irish Maritime Transport Economist found that the Irish ports and shipping sectors began to show positive signs of recovery towards the last quarter ...
  • C.H. Robinson with more revenue, but less profit
    Eden Prairie MN (USA)-based logistics service provider C.H. Robinson Worldwide Inc reported a Q1/2010 profit of USD 84 million, 1.6% less than in Q1/2008. The company said revenue ...
  • Hub Group reports increase in profits and revenue
    The US-based intermodal and logistics company Hub Group Inc reported a Q1/2010 net profit of USD 8.7 million, 35% more than in the same period in 2009. Hub Group's revenue inc...
  • Caterpillar phases in new logistics centre
    The diesel and gas motor manufacturer Caterpillar Motoren has put a 16,500 sqm logistics centre into service after an eight-month construction phase. The facility is located in Hen...
  • Cargolux happy to have survived "its most difficult year"
    Luxembourg-based Cargolux, Europe's largest all-cargo airline, saw a reduction in fleet utilization, load factors and yields last year. The service provider saw its 2009 tonna...
  • UAC and Antonov establish management company
    The Moscow-based joint stock company United Aircraft Corporation (UAC) and the Ukrainian aircraft manufacturing and services company Antonov have agreed to establish a management c...

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Marine Logweb site
APRIL 27, 2010
  • Deepwater Horizon response efforts continue
  • Departments agree ground rules for Deepwater Horizon investigation
  • Trico Marine Group appoints new officers
  • Jones Act is a major jobs generator
  • Colle Maritime orders LNG escort tugs

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Lloyd's Listweb site
APRIL 27, 2010
  • US box imports set to surge in 2010
    Box shipping on track for strong recovery in US trades but American job market will dictate final outcome
  • Obama ransom order raises fears over crew safety
    US under pressure to explain move at IMO safety meeting as countries express alarm
  • Lloyd Fonds reactivates last idle ship
    KG financier charters APL Virginia to CSAV at new benchmark rate
  • UN mulls special court to try pirates
    UN Security Council vote in favour of proposal to consider the creation of a new regional court to prosecute pirates
  • Concordia predicts return to profit
    Owner bullish as it expands fleet of medium-range and panamax product tankers

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Fairplayweb site
APRIL 27, 2010
  • World trade rebounding
    CONTAINER, bulker and tanker markets should all enjoy strong demand rebounds this year, IHS Global Insight reported today
  • Shipbreakers denied clearance
    BANGLADESH'S government has told Fairplay it has rejected all 93 applications from breaking yards since requiring them to seek clearance to operate from its environmental office
  • Domes planned for rig leak
    THE US Coast Guard told Fairplay today BP engineers plan to use large underwater domes to stop a major oil spill in the Gulf of Mexico from spreading
  • Strike delays cruise ship, ferries
    A PULLMANTUR cruise ship has left Piraeus after being stuck in the Greek port because of a seafarer strike
  • French canals blocked by barges
    BARGE operators blocked canals in northern France for a second day today as they called on the government to help them cope with a slump in freight rates
  • Warm approach to Arctic urged
    FINLAND today stessed the need for co-operation in the Arctic if its resources are to be harnessed effectively

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The Journal of Commerceweb site
APRIL 27, 2010
  • Norfolk Southern Profit Jumps 45 Percent
  • Engine Maker Cummins Boosts Profit in First Quarter
  • Steel Imports Rose in March
  • House Proposes FAA Act Extension
  • Railroad Study Assails Positive Train Control
  • UPS Opens Asia Hub at Shenzhen
  • Ex-New Orleans Port Director Dies
  • Supreme Court Refuses to Reopen Carp Case
  • OOCL Launches Carbon Calculator
  • FedEx Freight May Put Shipments on Rail in Future
  • Consumer Confidence Hits 19-Month High
  • KCS Swings to Profit on 26 Percent Revenue Jump
  • IHS Global Insight Forecasts 8.5 Percent Trade Growth
  • "K" Line Posts Loss, Forecasts Profit
  • Eurogate Profit Tumbles 59 Percent
  • NYK Line Lost $187.5 Million in 2009
  • MOL Bulk Income Saves Profit
  • Truckload Carrier Celadon Swings to Profit
  • Port of Lake Charles Names Director
  • CSAV Leads Capacity Increases
  • UPS Earnings Jump, Optimism Grows
  • Rickmers Maritime Profit Drops 51 Percent
  • Carriers Warn Against Anti-Truck Policies

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Containerisation Internationalweb site
APRIL 27, 2010
  • NOL's numbers recovering well
  • Greek rescue deal to come with 'strict conditions'
  • WCA sets up office in Ghana

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TradeWindsweb site
APRIL 27, 2010
  • Transpetro's $265m tanker order
    Sergio Machado-led shipping subsidiary of Brazilian oil giant awards domestic yard a tender for five products tankers.
  • Argentina gets tougher
    Shipowners with vessels trading near the Falkland Islands may think twice before sailing past Argentina's oil-rich offshore zone.
  • Stealth ship snagged in US
    LPG carrier controlled by Harry Vafias-led StealthGas lands on Coast Guard's latest list of twelve US port detentions.
  • Scorpio splashes IPO cash
    New York-listed owner more than doubles fleet size with deal for four handymax tankers.
  • "Half will falter or fall"
    Analyst says 50% of dry-cargo newbuildings for 2010 will be delayed or cancelled as it is "physically impossible" for yards to keep pace.
  • Managers mum on sunken ship
    Capsized containership that sank in the Caribbean deemed 'total loss' but cause of the incident remains a mystery.
  • CSAV piles on capacity
    Recovery in container volumes sees carriers gain capacity with South American up almost 50%.
  • Noren fears orderbook bite
    Concordia posts vastly improved profit in Q1 but rates will remain under the cosh for some time, president warns.
  • Yard pact for Sevmash
    Russian shipbuilder to share expertise and marketing with Ukraine's Black Sea Shipyard.
  • Islamist fear for seized ships
    Radical Somali group al Shabaab closing in on pirate stronghold where three hijacked ships are held.
  • Subsea7 stumbles in first
    Kristian Siem-controlled firm sees quarterly profit hurt by reduced activity in three key markets.
  • Kawasaki takes a kicking
    Japanese shipbuilder sinks into the red following heavy losses at US unit but expects to bounce back in fiscal 2011.
  • Container carnage hurts MOL
    Japanese behemoth sees full-year profit cut by 90% following record loss from its boxship fleet.
  • Bring in bunker boys
    Emissions abatement group SEAaT calls for inclusion of fuel industry in talks on carbon trading.
  • Graha shipyard remains shut
    Drydocks World Asia chief blames sub-contracted workers for riot in Indonesia that injured four people.
  • SITC moves into Taiwan
    Chinese container line wins approval for branch office in bid to operate without agents.
  • Odfjell bids for Russian help
    Sevmash's refusal to honour $45m cancelled chemical carriers award features in ministerial discussions.
  • Tank trouble for Scorpio
    New NYSE arrival sees one of three panamax tankers suffer damaged ballast tank in New Orleans.
  • NYK to bounce back after loss
    Huge Japanese owner forecasting profit this year after racking up big deficit in year to 31 March.
  • Goldenport buys again
    Paris Dragnis-led shipowner takes spending on secondhand tonnage to $24m in less than ten days.
  • Bharati chases after Opielok
    Indian yard launches arbitration proceedings against Hamburg-based owner after PSV newbuilding is axed.
  • Below 400 boxships sitting
    Idle containership capacity sinks to only 6.8% of the total fleet, says Alphaliner.
  • K Line slumps to big loss
    Japanese hipping giant looking forward to better times ahead but red ink runs on waning sales.
  • Merchant missile madness
    Pirates beware - Russian company marketing cruise missile system that can fit into shipping container.
  • Rickmers Maritime profits halve
    Trust in poor start to 2010; income down 51% on a year ago on higher costs and interest rate swap losses.
  • Vopak stores more cash
    Dutch tank terminals player enjoys strong first quarter as capacity increases.
  • UASC seals boxship loan
    United Arab Shipping Co secures funds from Kuwait's Gulf Bank to help finance newbuildings.
  • STX extends Genco charter
    South Korean shipowner takes US owners handymax for another year, but at 30% higher rate.
  • NOL volumes up one-third
    Liner player sees third consecutive month of big volume increases, but rates remain stubbornly weak.
  • All Leisure fixes Discovery
    UK cruise ship operator secures three cruise charter for its largest liner for the summer of 2011.
  • Rizhao set to raise cash
    Northern Chinese port looks to private placement to fund new coke terminal project in Shijiu.
  • Cruiseship passengers barred
    Piraeus port workers prevent Spanish tourists from boarding Zenith in dispute over labour reforms.

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American Shipperweb site
APRIL 27, 2010
  • COSCO, China Shipping lose $2 billion in '09
  • Japan's Big 3 lose $1.9 billion
  • Bailed out lines grew capacity share
  • DOT launches $600 million infrastructure program
  • CPSC, CBP tighten import safety collaboration
  • U.S. government, Agility draw closer to deal
  • CBP evaluates Central America border security

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The Scandinavian Shipping Gazetteweb site
APRIL 27, 2010
  • Nordic Ferry Services to change name
    Nordic Ferry Services has decided to change name to F'RGEN as from October 2010. The change of name comes after some turbulence in the company after the problems at Samsø

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The Bunker Bulletinweb site
APRIL 27, 2010
  • ISO's H2S limit is a vital step in the right direction
    The revision of the ISO 8217 fuel specification is not without its critics, but in at least one sense the work is to be encouraged.
  • Shippers see big savings through green initiative
    Partners estimate cutting 1.5 billion gallons of diesel fuel and 14.7 million metric tonnes of carbon dioxide.
  • Prices fall in Rotterdam, Hamburg
    Mixed movements in South Europe.
  • Fujairah prices show little movement
    NYMEX showing losses of more than $1 in early trading.
  • Vopak reports 28% Q1 profit improvement
    Tank terminal operator sees signs of 'structural recovery' in Europe along with 'already encouraging market circumstances in Asia'.
  • Office move for CMF
    CEPSA Marine Fuels has been moved to a new CEPSA building.
  • Lukoil wants to supply in a range of Turkish ports
    Turkish subsidiary expects to be able to supply low sulphur IFO.
  • Shore power system adapted to freight ships
    Company behind cruise ship shore solutions says it has transformed technology to fit freight liners.
  • Singapore prices dip, demand increases
    Prices move in opposite directions for major ports across Asia.
  • Emission trading offers bunker players 'commercial opportunities'
    Traders and suppliers are 'best placed' to help customers initiate carbon trading.
  • Asia expects 27% less fuel oil imports in May
    Volumes down from April's six-month high of 3.7-3.8 million tonnes.
  • Current oil prices 'not slowing' economic recovery
    OPEC will increase production if oil prices surge above $100 per barrel, Kuwait says.
  • COSCO chief concerned about bunker prices
    'Green-shipping will become a trend of our industry,' says Capt. Wei.

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