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29 September 2020 The on-line newspaper devoted to the world of transports 06:03 GMT+2

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The Business Timesweb site
APRIL 29, 2010
Shipping News
  • SE-A shipping urged to use green LNG fuel
    USING liquefied natural gas (LNG) as fuel is the way forward for shipping in Southeast Asia, a clean energy expert said yesterday.
  • Fines possible when shipping emissions targets are adopted
    Emissions targets being negotiated by the International Maritime Organization (IMO) and the shipping industry may be adopted in 2012 with possible fines of US$75 per tonne of carbon emissions for violators.
  • Burning an option as slick in Gulf of Mexico nears shore
    With a vast oil slick now within only 20 miles of the ecologically fragile Louisiana coastline, Coast Guard officials said they were considering a 'controlled burn' of the petroleum on the surface of the Gulf of Mexico.

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Sched Netweb site
APRIL 29, 2010
  • NYK, 'K' Line, MOL suffer 27-32pc full-year revenue loss
  • DP World quarterly global volumes rise 15pc to 11.2 million TEU
  • Taicang port adds the fourth service to Japan
  • Maersk to levy no-show fines on US low-value export boxes
  • Seaspan takes delivery of 8,500-TEU ship
  • Vladivostok orders three cranes for US$2.66 million
  • DHL sees Asia demand growth for life science shipments
  • TransContainer posts quarterly profit after 2009 loss
  • China Southern back in black with US$52.4 million 2009 profit
  • Cathay takes delivery of its 75th Boeing plane - a 777-300ER
  • UAL net loss narrows to US$92 million, cargo rises 26pc

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Exim Indiaweb site
APRIL 29, 2010
  • Arshiya puts up better show despite difficult global conditions
  • WCA Family appoints Gangadhar Iyer to head Ghana operations
  • APL names new President for Americas
  • Unitex Logistics enters third year of service
  • Liberty Marine shortlisted for prestigious Seatrade Awards 2010
  • Offshore industry insisting on best onboard facilities from ship suppliers
  • Wan Hai joins INDFEX service
  • Fresh cotton exports banned
  • Report on Sethu project only in Feb. 2011
  • CoPT, IWAI team up to commission ro-ro terminals at Bolghatty & Willingdon
  • MoU signed for rail projects along Nepal border
  • Optimism on air cargo sector
  • Forwarders struggle to cope with massive air freight backlog
  • Food inflation rate touches 17.65 pc
  • Export finance rates to be freed from July
  • 20 pc uniform export duty on iron ore products planned
  • India, China may ask US to clarify stand on Doha talks
  • Ajeya Kallam spells out strengths & attributes of a good CEO

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Marine Logweb site
APRIL 28, 2010
  • Test burn just a part of Deepwater Horizon response efforts
  • Cape Wind battle heads for courts
  • Officer acquitted in "magic pipe" case
  • Salazar approves Cape Wind project
  • USCG considers controlled burn of Deepwater Horizon slick
  • Security Council suggests international tribunals to try pirates
  • NYFD fireboat on delivery voyage

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World Wide Shipperweb site
APRIL 28, 2010
  • Port of Everett adds new rail loading ramp
  • Panama Canal Authority to hold line on tolls in 2010
  • CMA CGM Group boosting Iraq service
  • ATA Truck Tonnage Index jumps again during March
  • Congressman holds hearing on Coast Guard diversity progress

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Lloyd's Listweb site
APRIL 28, 2010
  • GL to extend drydock intervals
    Class society set to launch scheme that will allow ships to be inspected every 7.5 years
  • Iran increases use of floating storage as sanctions bite
    Volume of Iranian crude in floating storage up 27% in two weeks
  • German shippers slam box lines' delays
    Manufacturers and trading firms blame slow steaming for inability to meet sailing schedules
  • Bigger fleet boosts Navios Partners revenues
    Net income surges 40% in first quarter
  • Nordea cautiously optimistic over outlook
    Bank's shipping, oil services and international division saw total income fall 17% to $116.9m

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Fairplayweb site
APRIL 28, 2010
  • Panama Canal toll plan outlined
    THE PANAMA Canal Authority is proposing average 2011 toll increases of 12% and will require new information reporting by box ship customers
  • Petrobras splashes out
    PETROBRAS is to pay 1.4M reias ($796,000) in bonuses to its president and five senior executives, the company announced today
  • Finland, Indonesia team up
    FINLAND has reportedly offered to work with Indonesia to boost the Southeast Asian country's shipping industry
  • Passenger's body found
    THE BODY of a Russian tourist has been found off Italy after an apparent fall from a cruise ship about 26km from Livorno
  • Algeciras opening spoiled
    ALGECIRAS stevedores spoiled the party at today's opening of Hanjin Shipping's new box terminal at the southern Spanish port
  • Weathering Lisbon debt drop
    PORTUGAL'S shipping and energy sectors are well placed to deal with the downgrade of the country's sovereign debt rating, a senior energy executive told Fairplay today
  • Brazil's ports get onside
    BRAZIL reportedly plans to spend $385M to improve passenger terminals in seven key ports before the 2014 football World Cup and 2016 Olympics

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The Journal of Commerceweb site
APRIL 28, 2010
  • Drewry Names Damas a Director
  • 78 Lawmakers Back Granting Ports More Power
  • CMA CGM Opens Renovated Iraq Berth
  • Canadian Pacific Profit Surges 74 Percent
  • Old Dominion Freight Line Profit Jumps 93 Percent
  • PIERS Raises 2010 Import-Export Forecast
  • FMC Studies Capacity Shortage
  • Cosco Lost $1.1 Billion in 2009
  • Concor Annual Profit Falls 2 Percent
  • Air Cargo Demand Nears Early 2008 Peak
  • Antwerp Loses Key Breakbulk Contract
  • Yusen Air & Sea Profit Soars 42.6 Percent
  • Panama Canal Freezes Tolls, Proposes New Structure
  • Rail-to-Pipeline Shift Cuts Costs
  • Truck Rates Primed to Rise

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Containerisation Internationalweb site
APRIL 28, 2010
  • Broken box mentality needs to change
  • GL again advises shippers to get used to slow steaming
  • MOL wins service provider award from US retailer
  • Panama Canal freezes tolls
  • 'Junk' status for Greece spooks markets

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TradeWindsweb site
APRIL 28, 2010
  • ISC eyeing acquisitions
    Niels Johnsen-led International Shipholding Corp posts a profit and tells Wall Street it is poised to pursue fleet expansion.
  • Genmar takes another hit
    Peter Georgiopoulos' NYSE-listed tanker outfit posts loss amid a slump in revenue and a $1m insurance expense.
  • Ailing ACL stung by loss
    Michael Ryan-led American Commercial Lines hit by first-quarter loss as revenue from its shipyard subsidiary drops 68%.
  • Operation 'heats up' US Gulf
    Authorities ignite oil spilled by the offshore drill rig Deepwater Horizon as 600-mile slick invades Louisiana coast.
  • Ofer wins Fortescue battle
    Australian mining group faces at least $80m payout over repudiated capesize charter.
  • Navios beats the street
    Fleet expansion boosts first quarter profits at Angeliki Frangou's Navios Maritime Partners.
  • Remoy buys second resale
    Age Remoy's Rem Offshore grabs PSV newbuilding at Drydocks World as first quarter profit falls.
  • Forth rejects takeover again
    UK ports operator spurns improved offer from the Northstream consortium.
  • CSCL slashes loss as rates rise
    Chinese container line has better news for the first quarter just a week after posting huge 2009 loss.
  • NewLead revamp continues
    Nick Fistes and Michael Zolotas-led shipowner pays $37m for post-panamax newbuilding as MR trio shown the door.
  • Rem reveals PSV hope
    Norwegian offshore owner looks to market revival in the "immediate future".
  • Order drop hits Mipo profit
    Korean shipbuilder Hyundai Mipo's profit slips on diving sales but operating figures up.
  • Anchor foul-up ruptured pipeline
    Accident probe finds APL Sydney's anchor dropped too close to gas pipe in gale-force winds near Melbourne.
  • Transatlantic turning it around
    Swedish ro-ro owner boosted in first quarter by Norwegian back-tax ruling as loss narrows dramatically.
  • Rolls Royce results for RCL
    Richard Fain-led Royal Caribbean flies back into the black following lucrative legal settlement with manufacturer.
  • Samudera hit by costs
    Bunker and stevedoring expenses hit Singapore-listed feedership owner as quarterly loss grows.
  • HMM cools crisis chatter
    Hyundai Merchant Marine says creditors have not informed it of restructuring plan as first-quarter loss swells.
  • Sea Voyager leaving Haiti
    Cruiseship housing UN workers will end charter in earthquake-hit country next month.
  • Seadrill funds Scorpion rig
    John Fredriksen-backed driller delivers $240m loan to takeover target to pay for newbuilding.
  • Karlsen quits Golden Ocean
    CFO Geir Karlsen resigns post at bulker owner only a month after it took up a second listing in Singapore.
  • Fairstar bleak as net sinks
    Oslo-listed owner says there is no sign of improvement in the heavy-lift spot market as its first quarter profit falls.
  • DryShips bags $240m more
    George Economou-led company boosts its war-chest after underwriter claims options from notes issue.
  • Mangalia marching on in 2010
    Daewoo's Romanian shipyard targeting 13% jump in revenue this year despite no new orders since 2008.
  • Supreme Court win for Stolt
    Oslo-listed owner claims victory in the latest round of its long-running battle with a US charterer.
  • Israel pursues ports sale
    Finance minister Yuval Steinitz signs reforms paving way for privatisation of Haifa and Ashdod.
  • Two saved as vessel lists
    Wind plant support ship takes on water off Netherlands, but crew evacuated.
  • Costs keep FOP in red
    Fred Olsen Production rues slow aframax market as loss widens while Nigerian piracy a concern.
  • Aegean expands in UAE
    Nikolas Tavlarios-led bunker player to bolster Middle East storage capacity with 25 year lease deal.
  • Strong start at Yangzijiang
    Chinese shipbuilder sees first quarter income up over 20% on a year ago on increased deliveries.
  • MCC expands Asia links
    The intra-Asian liner arm of Maersk Line is to start a new service linking north and Southeast Asia.
  • Mitsubishi's profits jump
    Shipbuilding arm of Japanese giant sees nine-fold increase in operating income, but orders remain scarce.
  • Precious shrinks fleet and profit
    Ship sales weaken bottom line for Thai bulker owner in first quarter as revenue slashed.
  • Cosco Pacific on the up
    Hong Kong-listed ports player boosted by recovery in trade and sale of logistics company in first quarter.

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American Shipperweb site
APRIL 28, 2010
  • Supreme Court rules in Stolt-Nielsen's favor
  • Bill to extend FAA introduced
  • Hong Kong air freight backlog causes rate hikes
  • IATA: Volcano cuts airline revenue $1.7 billion
  • High Court refuses to hear carp issue
  • CN Railway earnings up 21%
  • Truck index up in March
  • APL wins Kimberly-Clark contract in Indonesia
  • Kenco promotes Minghini
  • IHS expects 8.5% trade growth in 2010
  • Panama Canal: Tolls unchanged in 2010
  • CMA CGM opens terminal in Iraq

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The Scandinavian Shipping Gazetteweb site
APRIL 28, 2010
  • Hijacked Clipper ship off the Somali coast
    The hijacked Voc Daisy has now arrived off the coast of Somalia in the vicinity of Garacad. The EU Navfor "is monitoring the situation". The Liberian-owned Voc Daisy was
  • Transatlantic result almost saved by Norwegian tonnage tax rule
    The Stockholm listed offshore/icebreaking and industrial shipping owner/operator Transatlantic reports a SEK 85 million pre-tax loss for Q1, but as a consequence of the ruling by the

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The Bunker Bulletinweb site
APRIL 28, 2010
  • Stockpile results to offset crude's Greek tragedy?
    Choppy trading as market digests unexpected numbers, wider factors.
  • Prices weakening
    NYMEX showing further losses in early trading.
  • Mid-week losses in Fujairah, Durban
    Meanwhile, Suez price firms.
  • Effort continues to influence final ISO 8217 draft
    Viswa Lab 'frustrated' with way information is conveyed to ISO, reiterates plea to leave 'Clause 5' as it is.
  • NOL sees container volumes and revenue jump
    Revenue boosted by better recovery of bunker costs.
  • Bunker costs keep Samudera in the red
    Regional container line expects bunker prices to remain volatile.
  • Prices generally soft in key ports
    Tokyo Bay prices rise as Golden Week holiday approaches.
  • South China fuel oil exports down 50% on month
    Dip in exports attributed to slowing bonded bunker demand in Hong Kong.
  • Will there be adequate supply of 1.00% sulphur fuel oil for the ECAs?
    Ship operators are gearing up for fuel switch in European ECAs. Coming North American ECA will cause huge increase in demand.
  • Aegean to build oil storage in UAE
    Three million barrel in-land storage facility to be ready in the next 18-24 months.
  • Wallenius ships to get fuel-saving waste recovery system
    Opcon's Powerbox will help the company cut carbon dioxide emissions by 37,000 tonnes a year.

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