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31 March 2020 The on-line newspaper devoted to the world of transports 14:57 GMT+2

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The Business Timesweb site
OCTOBER 3, 2011
Shipping News
  • Baltic Dry Index falls for 4th day
    The Baltic Dry Index, a measure of commodity-shipping costs, fell for a fourth day as holidays in China slowed bookings to hire capesize vessels that haul iron ore and coal.
  • Indian PM seeks 'control' on maritime piracy
    India's prime minister on Saturday said piracy was threatening 'a large number of Indian seafarers' and warned that the domestic shipping industry's growth depended on stepped-up maritime security.
  • Dry-cargo ship delivery just 50% of planned level
    Shipyards delivered about 50 per cent of the dry-bulk vessels planned over the past three quarters, according to D/S Norden A/S, Europe's largest publicly traded commodities shipping company.
  • KepFels to deliver Vietnam rig on budget

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Sched Netweb site
OCTOBER 3, 2011
  • Asia-Europe rates drop 2.7pc to US$734/TEU as SCFI plummets to new low
  • Fangcheng port's July throughput up 57pc to 6.38 million tonnes
  • Northeast China builds logistics park to boost trade with Russia
  • Hunan province builds 9-hectare agricultural logistics distribution park
  • Xinjiang road cargo traffic up 10pc in first eight months of 2011
  • Neptune Maritime Security expects more piracy along Mozambique Channel
  • Singapore's KT&T, Sinotrans to invest US$20.9 million in Wuhu boxshop
  • Does liner shipping need key performance indicators? Panelists think so
  • Turkish Cargo extends US road feeder network to cover 200 destinations
  • Air NZ calls regulator's prosecution into price-fixing 'capricious'
  • Ukraine International Airlines offers freight to India, Turkmenistan, Iran
  • Swiss WorldCargo first to invite IATA execs to join corporate flight deck

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Exim Indiaweb site
OCTOBER 3, 2011
  • MALA 2011 sees the entire industry grace a grand occasion
  • MOL again included in FTSE, DJSI social indices
  • NYK, Evergreen & Hanjin launch WIN service connecting India & China
  • Prime Minister lauds SCI as a pioneer at golden jubilee valedictory ceremony
  • Supertanker glut woes on benchmark Saudi Arabia-Japan route
  • DGFT extends export ban on bulk edible oil by one more year
  • Govt may introduce stimulus package for exporters soon
  • "Monkey see-Monkey do" & our maritime Cabotage Law
  • Ascent Capital to invest 200 cr. in Karaikal port
  • India, Japan hold seminar to exchange info on ports
  • Kale elected BGTA President, Jain is new Gen. Secy
  • Falling rupee has industry happy & worried in good measure
  • Anand Desai elected new IACC National President
  • EU welcomes India's decision to allow Pak waiver
  • BBC Chartering launches global project division
  • Holleman moves heavy turbine from Germany to Bulgaria
  • Project forwarding training delivers success

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International Transport Journalweb site
SEPTEMBER 30, 2011
  • Air Namibia increases intra-African service frequencies
    Starting tomorrow, Air Namibia, the African country's national carrier, is increasing its services from Windhoek to South Africa (Johannesburg and Cape Town) from two to three dail...
  • City of Lahr plans to buy airport
    The southwest German city of Lahr wants to buy the airstrip located outside the town from the federal administration and lease it to an airport operator. The Black Forest Airport, ...
  • Louis Dreyfus Armateur's Montoir-Gijon route beats expectations
    The French shipping group Louis Dreyfus transported nearly 14,000 trucks between Montoir and Gijon between September 2010 and the end of August 2011. This is 75% more than expected...
  • Howe Robinson Container Index decreasing
    The Howe Robinson Container Index (HRCI) decreased by 18 points or 3% from 692 points for the week ending Friday, 9 September, to 674.4 points for the week ending Friday, 23 Septe...
  • Avianca becomes first A330-200F customer in Latin America
    Colombia's Avianca, part of the AviancaTaca Holdings airline group, has signed an order for four Airbus A330-200 freighter aircraft. The new aircraft will be operated by Avianca's ...
  • CFR Marfa to be privatised
    The Supreme National Defence Council (CSAT), the Romanian authority that unites the Romanian president, prime minister, and the heads of the economy, finance, security and defence ...
  • DB Schenker starts rail transports from Leipzig to China
    DB Schenker Rail Automotive, Deutsche Bahn's specialist for automotive rail freight transport, is overseeing car part transports from Leipzig to Shenyang in north-eastern China on ...
  • Diederick de Vroet to oversee global DB seafreight
    As of 1 October, Diederick de Vroet will start his activities as head of the global sea freight activities of DB Schenker Logistics. As head of global ocean freight at Schenker's h...
  • Professional handling for two heavyweights
    The Linde Group technology company has used Bayernhafen Passau-Schalding to load plant parts onto a barge for the first time. The two 85 or 145 t cold boxes, consisting of plate he...
  • Dachser strengthens its presence in Norway
    Dachser, Germany's global logistics services provider, is expanding its presence in Norway with a new branch in Oslo. The new branch will be located south of the Oslo metropolitan ...
  • Panalpina opens Jaipur branch in India
    Switzerland's Basel-based Panalpina forwarding and logistics corporate group is further expanding into north India by opening an office in Jaipur, Rajasthan. Rajasthan state and in...
  • Etihad Crystal Cargo: partnership with WCA
    Etihad Crystal Cargo has signed a memorandum of understanding to be the first cargo airline to act as a vendor within the WCA Family network, the world's biggest group of independe...

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Marine Logweb site
SEPTEMBER 30, 2011
  • BC Ferries CEO announces cost cutting plan and opts for early retirement
  • Teekay to acquire three FPSO's from Sevan and take stake in company
  • Armed guards open fire, pirates back off
  • Special Operations Command awards CCM Mk I contracts
  • BOEMRE announces regulatory authorities for new agencies
  • SBM Offshore in Brazil FPSO yard partnership

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World Wide Shipperweb site
SEPTEMBER 30, 2011
  • Port of Portland to begin second phase of industrial park
  • US rail freight traffic rises during week
  • Anderson, Golonka receive Thomas Crowley trophies for 2010
  • Bellingham port board eyes short-term lease proposal
  • New NOL Group CEO to take office October 1

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Lloyd's Listweb site
SEPTEMBER 30, 2011
  • Suezmax owners resist falling West Africa rates
    Freight rates have remained steady for the past week on increased cargo inquiry
  • Actuarial figures limit flexibility over hull and machinery rates
    Insurers should invest in shipping know-how to become more competitive argue brokers
  • Insurance pressure raises risk awareness
    Owners have raised their game when it comes to piracy, but the situation is still evolving
  • What do you mean by the word 'ship'?
    The International Union of Marine Insurers has called for a new definition of what constitutes a ship
  • Grimaldi calls for mandatory scrapping
    Demolition of older tonnage could help lift the market, but casualties are inevitable, argues Italian owner
  • Small players are being priced out of the market
    Brussels' environmental focus on shipping is a kind of interference, but owners have to adapt
  • Tsavliris elected president of ISU
    Vice-president of International Salvage Union takes the top post
  • Teekay shores up struggling Sevan Marine
    Deal includes taking control of three FPSO projects with possibility of more
  • Capesize rates ease ahead of Chinese holiday
    Rates dip slightly ahead of week long Chinese break but no dramatic decline foreseen
  • Mediterranean clouds hold a silver lining
    Optimistic market study suggests that when the present economic gloom has lifted, there will be wide scope for expansion
  • Felixstowe ready to receive Maersk's 18,000 teu giants
    Formal opening of deepwater berths marks first stage of $1.6bn investment programme
  • MGT slashes dwell time for containers switching to rail
    Montreal Gateway Terminals' Cast and Racine facilities shift boxes within 72 hours instead of eight days
  • Odfjell family companies buy shares in Odfjell SE
    Move is seen as a sign that family thinks the company is attractively priced
  • South America props up Atlantic MR tanker market
    Brazil's demand for oil products reduces vessel glut in Atlantic
  • Dry bulk charterers shift Indian Ocean trade patterns to avoid piracy
    East coast of India preferred position of ships booked for trips to load coal in South Africa
  • SCFI falls to 2011-low
    Box freight rates continue to slide, with uncertainty restricting liquidity in futures trades
  • The triangulators
    Greek VLCC owners have good reason to adopt a three-leg strategy, but it has its risks
  • Spanish guns
    Civilian vessels do have the right to self-defence, but it must be proportionate to the threat at hand
  • Spain to permit heavy-calibre machineguns for defence against pirates
    Private security experts say using such powerful weapons is inappropriate to the level of threat
  • Widdows exits NOL early as Ng steps up
    Citing immediate need for long range decisions, APL owner speeds succession
  • Norway urged to inspect Hurtigruten ferries after Nordlys fatality
    Richard With and Kong Harald could have same fatal flaws, says lobby group
  • CLdN adds Cork to new Dublin-Europe weekly service
    Move follows upturn in Irish export market
  • Tanker price decline comes into focus as product tanker options lapse
    Scorpio Tankers pass on LR1 pair at $45m each in busy year of expansion
  • MOL cuts profits forecast
    Shipping group blames tough shipping market and losses on stock market investments
  • North P&I to vet armed guards
    Club sees a conflict of interest in security industry policing itself
  • ITF urges Brussels to inspect Filipino crews at EU ports
    Union is concerned by Emsa reports on poor quality of training in the Philippines
  • Bluewind and Swire to admit bunker spill charges
    Case arises from March 2009 incident involving boxship Pacific Adventurer
  • Nam Cheong wins $52m orders for offshore support vessels
    Contracts call for two platform supply vessels and one anchor handling tug
  • Bumi Armada wins Apache FPSO contract
    Malaysian offshore service provider seals a four-year charter worth $460m

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Fairplayweb site
SEPTEMBER 30, 2011
  • VLCC owners mull lay-ups
    VLCC owners remain at "the mercy of charterers", as both spot fixtures and FFAs indicate further softening of an already very weak market, broker and shipping analysts said
  • Scorpio seals financing
    NYSE-LISTED Scorpio Tankers has secured a new $92M credit facility from Credit Agricole and SEB, despite an extremely tight ship-finance market
  • MOL now predicts losses
    JAPAN'S shipping leader MOL told Fairplay today it expects losses of ¥17Bn ($221M) for the first half, reversing its previous prediction of ¥1Bn in profits
  • LA tests scrub-a-dub-dub
    LOS ANGELES will plans to begin a $1.8M testing scheme for a scrubber system with the potential of cutting ship emissions by 85%
  • Novorossiysk profits leap
    RUSSIA'S principal Black Sea port of Novorossiysk posted 1H11 net profits of $222M on revenues of $494.1M, its first results since its recent acquisition of Primorsk, Russia's major oil export terminal
  • Vostochny stake auctioned
    LITTLE-known company Tansi has won an auction for a government-owned 20% stake in Vostochny's port, Russia's main Pacific export coal outlet, IHS McCloskey reported today
  • Libya sells first crude to US oil group
    VITOL HAS sold a 381,000-barrel cargo of Sarir and Messla crude to ConocoPhillips, IHS World Markets Energy reported today
  • BBC forms heavy-lift support unit
    GERMAN breakbulk and project carrier BBC Chartering has formed a global project division to support its growing heavy-lift fleet
  • At least eight killed in ro-pax stampede
    SEARCHERS are today reportedly seeking a ninth victim thought to have jumped overboard when a ferry fire sparked a deadly passenger stampede
  • Sale-leaseback option to aid Green Reefers
    GREEN Reefers said it has put six ships into a sale-leaseback deal that a will realise it a cash injection of $12M and net $2M in profits
  • West's jails? Big deal
    A NATO leader has told shipping executives that "comfortable" European prisons are no deterrent to Somali pirates
  • Pirates to release bulker
    SOMALI pirates are reportedly about to release the Panama-flagged bulker Dover after a ransom was paid
  • Capesize rates soften
    CAPESIZE bulker rates are softening in line with a 37-point drop in the BCI
  • VLCCs sink to new '11 low
    VLCC SPOT rates have sunk to new year-to-date lows, as sluggish demand and the glut of tankers mean owners cannot cover voyage costs
  • Ports opened to wheat exporters
    AUSTRALIA'S competition watchdog has approved new rules aimed at opening up port access for wheat exporters in three states

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The Journal of Commerceweb site
SEPTEMBER 30, 2011
  • US Heading Into Recession, ECRI Warns
    The U.S. is headed into new recession, Lakshman Achuthan of the Economic Cycle Research Institute, a forecasting firm known for...
  • MOL Slashes Financial Forecast
    Mitsui O.S.K. Lines, hitting the headwinds that are sending many of the world's shipping lines into the red, dramatically lowered...
  • Exports Propel Container Gains at Tacoma
    A 16.4 percent jump in exports spurred a 7.3 percent increase in loaded international container volume at the Port of...
  • MSC Sets U.S.-Asia Rate Hike
    Mediterranean Shipping Co., the world's second-largest container shipping carrier by fleet capacity, will raise rates from the United States to...
  • Pacific Carriers Plan Targeted Export Rate Hikes
    The Westbound Transpacific Stabilization Agreement said its member carriers plan to implement targeted rate increases on export commodities Nov. 1....
  • CSAV Sailing Rough Seas
    CSAV is living an extreme version of container shipping's recent ups and downs. The Chilean carrier underwent a financial rescue...
  • Infrastructure and Investment
    The echo chamber of infrastructure advocacy debate opened up a bit last month, and it's important that the businesses in...
  • Taxing Whose Containers?
    One could toil away for years in the shipping industry without hearing more than a few passing references to the...
  • Driver Turnover Hits 79 Percent at Large Carriers
    Truck drivers are leaving large truckload carriers for other employers at a faster pace, but smaller competitors are keeping more...
  • Remains of the Dray
    Q: We're a motor carrier, and recently subbed out a load to another carrier. The shipment was of snack-type foods...
  • Japan's Sendai Port Resumes International Container Services
    International container services partially resumed Friday at Japan's Port of Sendai, the largest port in the northeastern Japanese region that...
  • Ace Hardware Taps Virginia for Import DC
    Ace Hardware will invest $14 million in an import re-distribution center for the East Coast near Virginia's Port of Norfolk....
  • Widdows Leaves Top NOL Post Early
    Ron Widdows, a prominent leader in the global container industry, is leaving his position as group president and CEO of...
  • Shippers Urge Congress to Block Driver Rule Change
    The battle over proposed changes to truck driver hours of service escalated on Capitol Hill this week as a group...

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Containerisation Internationalweb site
SEPTEMBER 30, 2011
  • CSAV sets date of next shareholders meeting
  • Dalian port to sell bonds
  • MOL declares loss in H1 11(F)
  • Strikes hit Australia's Patrick, again
  • ACT's Davidsen stresses the positives

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TradeWindsweb site
SEPTEMBER 30, 2011
  • Street waits to judge TK raid
    Numerous "financial blanks" makes Sevan Marine rescue mission difficult to dissect, analyst says.
  • STNG earns top marks
    Evercore analyst expects clarity from $92m credit facility to be a positive catalyst for shares of US-listed product tanker owner.
  • Star reefer spills oil
    US authorities say Nelson Star lost 150 gallons at dock in Unalaska, Alaska.
  • SBM empire expands
    FPSO specialist forges alliance with Synergy Group in a bid to cash in on Brazilian offshore boom.
  • BBC sprouts new wing
    German specialist announces a special projects division utilising 800 tonne heavy lift ships.
  • Norden notes dry hope
    With half of newbuildings missing the mark in the third quarter Danish owner sees a ray of light for bulker market.
  • Owners sign up guards
    Norwegian and German shipping companies welcome GreySide Group security personnel on board.
  • Swire to plead guilty
    Owners of Pacific Adventurer admit discharging oil following 2009 accident in Australia.
  • The merit of being boring
    Unappreciated ship managers, self respect at sea and crossing the line from insurance to gambling.
  • Capital leaves 20th century
    Shipowner and Olympiakos chief Evangelos Marinakis brings his fleet into the 21st Century.
  • Scorpio fills funding gap
    Shares of Emanuele Lauro-led product tanker owner surge as it pens $92m credit pact while overhauling covenants.

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American Shipperweb site
SEPTEMBER 30, 2011
  • Washington Notebook
  • Upward climb
  • WTSA seeks rate increases on commodity basis
    Member lines of the Westbound Transpacific Stabilization Agreement (WTSA) said they plan to implement rate increases from Nov. 1 based on specific commodity types "as freight rates for many major commodity categories have approached unsustainable ...
  • NOL accelerates leadership change
    The NOL Group, parent company of APL and APL Logistics, said Friday it has completed the transition to a new chief executive officer three months early, with Ng Yat Chung taking the helm of the company from Oct. 1. Ng has served as an NOL executiv...
  • Evergreen switches Asia-Oceania loops
    Evergreen Line has joined an Asia-Oceania service currently operated by Japan's Big 3 lines, and has left a multi-operator service on the same trade, according to the Taiwan-based line's forward schedules. Evergreen will join as a vessel operator ...
  • Hanjin/COSCO suspend 2 transpac loops
    Member lines within the CKYH Alliance are due to suspend two transpacific services over the next quarter, one of the lines confirmed to American Shipper this week. The two services, the multi-operator CLX service and the CKYH-operated SJX service, ...
  • FedEx opens Chicago area facility
    FedEx Ground, the small-package ground unit of FedEx Corp., opened a new sorting and delivery station that is the fifth major facility for the company in the Chicago area. The 214,000-square-foot facility is located in Grayslake, Ill., and joins f...
  • Schipol boosts China connection
    Amsterdam Airport Schiphol in the Netherlands has strengthened its freighter connections with China and Hong Kong, following the start of China Southern Airlines' twice weekly Boeing 777 all-cargo services to Chongqing. Chongqing is a hub for compu...
  • U.S. trucking, economic data show improvement
    The U.S. economy grew at 1.3 percent instead of the previously reported 1 percent during the second quarter, according to a revised report from the Department of Commerce.The change resulted from the availability of more complete data than at the ...
  • Truckload carriers lose drivers at 79% clip
    The turnover rate for over-the-road truck drivers rose to 79 percent in the second quarter, according to the American Trucking Associations' latest Trucking Activity Report, marking the third quarter in a row of increased churn in the driver marke...

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The Bunker Bulletinweb site
SEPTEMBER 30, 2011
  • Bunker markets end week with mixed prices
    Crude futures fell at its lowest since September, 2010.
  • Tankers successfully traverse the Arctic's Northeast Passage
    The approximately 6,250 nautical miles covered by the Stena Poseidon and Palva from Murmansk to the Pacific took around 20 days at a speed of 13 knots.
  • Trafigura transaction 'important first step'
    Value of deal has not been disclosed.
  • Fujairah IFO prices steady but spreads wide
    Durban still without spot quotes.
  • Rotterdam prices at month-low
    Incoming cargoes and soft crude help push prices down in Europe's leading bunkering hub.
  • Shipping should cut GHG emissions ahead of regulation
    'Preemptive mitigation will be much cheaper than an emergency rebuilding response,' says EC official.
  • ECA could heighten risk to whales
    Californian marine sanctuary could see an increase in traffic.
  • Shipping companies to plead guilty over bunker spill
    Charges against ship's captain, however, are dropped.
  • Spending of lube oils is falling
    Slow steaming and advances in engine design are cutting consumption.
  • Bunker prices mostly falling as week ends
    Supplies generally good at major Asian bunker ports.
  • German giants merge: Mabanaft to acquire Bominflot
    Acquisition to create the world's fifth largest bunkering group, says Mabanaft.
  • Owner of Davy Crockett indicted by US authorities
    Vessel abandoned by scrap dealer after failed operation to salvage metal from barge.
  • Singapore bunker market relatively unaffected by refinery fire
    Sufficient reserve stocks available from other major suppliers, players say.
  • Peruvian firm launches bunker supplies in Callao
    Operations to be supported by double-hull bunker tanker MV Tramax.
  • Sinopec Zhoushan September sales volumes down
    Buyers 'hoping' bunker prices will go down further in October, says company source.
  • Bunkering ops partially resume in Hong Kong
    Bunker deliveries limited to the inside harbour due to still 'very windy' conditions at outer anchorage.
  • Credit agencies 'influence' bunker industry
    Having relationships with all players important in the current economic environment, says Chemoil CEO.

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