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29 September 2020 The on-line newspaper devoted to the world of transports 06:24 GMT+2

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The Business Timesweb site
DECEMBER 29, 2010
Shipping News
  • Deeper canals help boost Brazil's sea port capacity
    Brazil's sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy.
  • Debt-laden Vinashin cleared to take state loans at no interest
    Vietnam's nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interest- free loans, in another concession after it reportedly defaulted on a debt to international lenders.
Strait Talk
  • A year of mixed fortunes
    SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the shipping industry than its predecessor. The box trades bounced back more strongly than many would have expected. Cautious optimism has been the typical sentiment through much of the year but uncertainties have been more worrisome in the second half.
Shipping Times
  • US deregulation leader Alfred E Kahn dies
    Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93.
  • Railway linking Incheon airport to central Seoul finally opens
    South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations.

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Sched Netweb site
DECEMBER 29, 2010
  • EU customs rules prompt Maersk, CMA CGM, Unifeeder surcharges
  • Diana Containerships to list on Nasdaq Global Market
  • USEC tops all, as transpac carriers post 63pc revenue leap in Q3
  • 2010: Year of the mega ship as new deliveries break records
  • Shanghai Containerised Freight Index hits low point of the year
  • NOL secures financing for 78pc of 12 mega boxship orders
  • China Merchants seeks port building projects offshore
  • New Jersey truckers tell port where to stick their stickers
  • UK's Allport merges with HK's Cargo Services Far East Limited
  • Toll buys Oz poultry transport, sells Shenzhen real estate firm
  • North America, Europe transport recover from heavy snow
  • SIA, China Eastern buy into Shanghai air cargo
  • Restructuring brings FedEx quarterly profit down 18pc to US$283 million
  • Brunei air cargo security men jailed six and 16 months for pilferage
  • NZ fines Geologistics US$1.87 million for air freight price-fixing

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Exim Indiaweb site
DECEMBER 29, 2010
  • Branson turns eco warrior, targets ships
  • China Exim Bank raises ship financing to 33 pc
  • Far Shipping withdraws decision to impose draught surcharg
  • Indian ship detained at Chittagong port
  • Schenker founder inducted into Logistik Hall of Fame
  • SCI calls bids for ferry service to Lanka
  • MoU inked with Malaysia on road construction
  • Probe into dumping of aniline from EU begins
  • DP World bags procurement excellence accreditation
  • Import cargo volumes at US ports show 17 pc rise, improving economy
  • MbPT bags Rajbhasha Shield again
  • New Thailand service strengthens connectivity from Vizag Port
  • Assocham sees 10-15 million additional jobs in 2011-12
  • Gold imports up by 42 pc in Nov.
  • Govt allows refixing of export obligation
  • Govt clears export of 5 lakh tonnes sugar under OGL
  • Manufacturing sector posts robust growth in April-Dec.: CII survey
  • Natural rubber imports at concessional duty rates allowed
  • Talks on to widen India-Mercosur PTA list

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Fairplayweb site
DECEMBER 28, 2010
  • TBS grace period extended
    EMBATTLED bulker and tweendecker owner TBS International has secured yet another forebearance extension from its bank group, until 31 January 2011
  • Marida Marguerite ordeal ends
    SOMALI pirates have finally released the German products tanker Marida Marguerite, whose crewmembers had been captive for nearly eight months
  • Blizzard buries NY-NJ terminals
    CONTAINER terminals of the Port of New York & New Jersey are digging out from an intense blizzard, which closed some operations for at least two days
  • Investors wary of DryShips tanker plan
    THE game-changing decision by DryShips to enter the tanker arena has spooked investors, who have initially punished the NASDAQ-listed stock
  • StealthGas scores newbuild funding
    LPG specialist StealthGas has announced five new charters, financing success for its newbuild programme and the departure of its chief financial officer

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The Journal of Commerceweb site
DECEMBER 28, 2010
  • Diesel Price Leaps 4.6 Cents to New High
  • Comment Deadline Nears For EPA Water Discharge Rule
  • Q&A: Top Trans-Atlantic Shipping Stories of 2010
  • Snow Halts Freight Operations in Northeast
  • Indian Ports Ordered to Improve Hazmat Security
  • Germany's Duisburg Port Traffic Grows 25 Percent

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TradeWindsweb site
DECEMBER 28, 2010
  • Texas-sized kickback scheme rocks Houston
    Feds charge former Lyondell chartering boss split $55m with Marc Rich-tied traders on Venezuelan crude cargoes.
  • StealthGas CFO quits
    Andrew Simmons not renewing contract as finance chief of Harry Vafias-led LPG ship owner.
  • Bajpaee named top boss at BSM
    Bernhard Schulte Shipmanagement ushers in 2011 with new chief as Andreas Droussiotis relinquishes CEO crown.
  • Eitzen avoids pirate hit
    Norwegian owner's Sigloo Star survives attention of pirates near IRTC as navy helicopter swoops.
  • Lloyd Fonds in $30m splash
    Torsten Teichert-led finance house invests in two boxships as it targets vessels previously on its books.
  • BW Gas bags holiday cheer
    Norwegian shipping cartel seals one-year fixture for 1993-built LPG carrier, brokers say.
  • Ems River falls to pirates
    Citadel no defence for crew of German ship off Somalia as pirates finally take control.
  • Seatrade scraps ageing reefer
    Dutch owner nets $3.3m after selling Spring Tiger to be cut up in India.
  • Boyden has DRYS funding fears
    Cantor Fitzgerald analyst questions how George Economou's listed firm will find the cash for its tanker foray.
  • Marida Marguerite free at last
    German tanker and 22 crew make it to safe waters after pirates finish counting $5.5m ransom.
  • Seafarer dies after fire off UK
    Crew member dies in hospital after being lifted from a Turkish ship off the UK suffering from smoke inhalation.
  • Pirate hunters bite bullet
    South African police sting unveils cache of arms destined for Somalia in fight against piracy.
  • Vinashin gets a helping hand
    Vietnam coughs up cash to help ailing state-owned shipbuilder pay its wage bill.
  • TBS International wins more time
    Nasdaq-listed shipowner will only repay interest on troublesome loans while it works to reset repayment schedule.
  • NCL ship in Cape Fear drama
    Coastguards rush to aid of ill passenger onboard cruiseship Norwegian Star off Cape Fear River.
  • CSAV extends RMT ship
    Chilean shipowner exercises twelve month charter option on boxship at almost three times the rate.
  • LA volumes head lower
    Figures still up on 2009, but container throughput down for third consecutive month from August high.

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American Shipperweb site
DECEMBER 28, 2010
  • Congress extends MSP to 2025
  • Diana spins off containership affiliate
  • TBS buys time to restructure finances
  • FMCSA proposes on-duty truck driver limits
  • Rail volume chugs along
  • Medical firm switches gears to trucking
  • Allport merges with CS Logistics

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The Scandinavian Shipping Gazetteweb site
DECEMBER 28, 2010
  • Odense newbuilding moves to Korsør
    Odense Steel Shipyard has been forced to move its surplus newbuilding to a lay-up berth at Korsør on the isle of Sjælland. The newbuilding ' hull no. 222 ' has been
  • Cleantec will leave the repair yard in mid January
    The repair of the Chinese-owned bulk carrier Cleantec at Fayard is following the schedule. The vessel has been high and dry since December 21 and will be redelivered to

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The Bunker Bulletinweb site
DECEMBER 28, 2010
  • Rotterdam 'swimming in product'
    Mostly quiet markets edge lower on Tuesday.
  • Durban market 'extremely tight'
    No clear price trend in Middle East and African markets Tuesday.
  • Oil spill response centres for Gujarat
    One centre will be set up in Gulf of Kutch and the other in the Gulf of Khambhat.
  • Calls for 'early ruling' in sulphur challenge
    PMSA wants judgment on Californian sulphur rules 'sooner rather than later'.
  • Bunker costs operators' 'biggest concern'
    Liner association wants to impose a 50% increase in surcharges.
  • Japan pulls back from emissions trading
    'Overseas circumstances have changed,' says government official.
  • Bunker prices mixed amid slack demand
    Singapore prices down in line with cargo values, traders say.
  • ST Marine confirms Australian navy ship conversion project
    Set to convert a navy support ship to a double hulled vessel as per IMO standards.
  • Shipowner to operate four LNG-powered ferries
    LNG ferries able to to carry 390 passengers and 120 cars at 12-17 knots.
  • Sri Lanka supplier orders MGO cargo
    2,000 mt of MGO scheduled to arrive this week, says source.

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