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05 April 2020 The on-line newspaper devoted to the world of transports 14:42 GMT+2

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The Business Timesweb site
Shipping News
  • China looks to save struggling sector
    China's campaign to protect its maritime industry during a severe downturn will become more costly for foreign companies as Beijing grabs a bigger slice of the profits for shipping iron ore, coal, and grains to the world's second-largest economy.
  • Chinese buyers snapping up coal
    Chinese coal buyers have re-emerged in the sea-borne market after a nearly two-month lull and were snapping up Indonesian coal on expectations that domestic prices were poised to increase, industry sources said yesterday.
  • Throughput seen growing at 10% in Q3
    Throughput at China's main ports is expected to grow at a robust rate of 10 per cent year- on-year in the third quarter due to a low comparison base in 2010, the China Securities Journal quoted a shipping industry specialist as saying yesterday.

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Sched Netweb site
  • Hong Kong quarterly port container volume up 7pc to 6.4 million TEU
  • Keith Tantlinger, creator of the shipping container, dies at 92
  • CMA CGM blasts Bloomberg report on its fragile financial position
  • Tianjin's new sea-rail intermodal to north China moves 1,100 TEU in 3 months
  • China lends US$40 million to boost Tanzanian rail to match Kenya's railway
  • India government allows its ships to deploy armed guards against pirates
  • French Union bid for SeaFrance to transform it into workers' co-operative
  • Guangxi's Beibu Gulf port to built a 'dry port' in City of Hechi
  • Westports up 17pc to 3.1 million TEU, plans to raise capacity to 9 million
  • Wilhelmsen Ships Service offers rented liferafts, cuts maintenance worries
  • Cape Town box shop opens new truck entrance in next stage of expansion
  • Oz tribunal favours Qantas in rejecting union plea for Kiwi pilot parity
  • South Korea's air traffic volume world's sixth largest in 2010
  • Three US Midwestern airports battle each other to be air cargo China hub

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Exim Indiaweb site
  • Boxship that also runs on LNG developed in Japan
  • CMA CGM Corporate Foundation mobilises alongside World Food Programme to help Somalia
  • ICS to celebrate centenary in Chennai
  • CONCOR NWR felicitates top trade performers at 15th annual awards fete
  • Customs introduces self-assessment
  • Fieo wants ab-initio waiver of service tax on 17 export services
  • WTO offer shows its faith in Indian experts abilities: Khullar

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International Transport Journalweb site
  • 250,000 axles from Schmitz Cargobull
    More than 250,000 Schmitz Cargobull trailer axles have been manufactured and included in the company's vehicle production since 2005. Schmitz Cargobull initially equipped some 30 t...
  • Railway power cameras to reduce delays and costs in UK
    Spotting a defect on an overhead rail wire up to 25 ft above your head can be tricky even to an expert eye, but new camera technology, which has been rolled out to rail teams acros...
  • China Airlines Cargo to launch Taipei-Chicago all-freighter service
    Taiwan-based China Airlines Cargo is introducing a thrice-weekly service between Osaka Kansai and Chicago O'Hare on 7 October. It will be operated with a Boeing B747-400 freighter,...
  • IDS opens regional hub in Hanover
    Germany's largest general cargo alliance, IDS Logistik, is putting into operation a new regional handling base in Hanover with a 10,000 sqm handling hall. The new site is in Langen...
  • Freightliner signs new contract with Celsa Steel
    Freightliner Heavy Haul has entered into a multi-year contract with steel giant Celsa Steel UK. Three trains will transport scrap metal from Dagenham to Cardiff each week for recyc...
  • Launch customer to receive first B747-8F
    Boeing is scheduled to deliver the first B747-8 freighter to launch customer Cargolux on 19 September at Paine Field in Everett WA (USA). Cargolux will fly the airplane out that mo...
  • India seeking investors for port construction
    Chronic transport bottlenecks have prompted India to woo investors to build seven new seaports. According to the government's ideas, these creditors should contribute about two thi...
  • Gebrüder Weiss: new head of corporate sales
    Chaim Husson Huijsman assumed the management of corporate sales at Gebrüder Weiss in July. Chaim Husson Huijsman is responsible for the group sales management of the Austrian trans...
  • Lufthansa Cargo Charter spreading its wings in North America
    The newest addition to the Lufthansa Cargo Charter Agency, a subsidiary of Lufthansa Cargo, a global full-service provider of all types of air cargo charter services, is Airline Ne...
  • Liebherr delivers two cranes to Onitsha river port
    The ports on the river Niger in Nigeria are receiving attention in line with Nigerian government policy. A programme of dredging and port refurbishment has led to Onitsha river por...
  • BBC Chartering enjoys liner success
    The leading German heavylift operator BBC Chartering's "BBC Arizona", "BBC Ecuador" and the chartered vessel "Arubaborg" loaded project cargo, steel, ...
  • Kuehne + Nagel expands Leipzig site
    The logistics company Kuehne + Nagel is continuing its expansion in the Leipzig (Germany) area by building a new logistics facility at the freight transport centre. The first secti...
  • Panopa wins new order
    The German transport company Panopa Logistik will assume the handling of central spare parts logistics for one of Europe's biggest construction and material handling machine dealer...
  • DHL extends spare parts logistics contract with Telia
    DHL Supply Chain has been awarded a two-year contract extension with the Swedish telecommunications company Telia, to handle the latter's national spare parts logistics. DHL

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Marine Logweb site
  • Marad video honors Merchant Marine response to 9/11
  • CSL exercises option for two more self-unloaders from Chengxi Shipyard
  • Shell to make LNG available as marine fuel, starting in U.S. Gulf market
  • New Brunswick ferry to be drydocked for bow thruster repairs
  • Ghana to take full ownership of Tema Shipyard and Drydock

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World Wide Shipperweb site
  • Port of Tacoma calling for input on strategic plan/branding
  • Bellingham Port Commission holding public coffee sessions
  • Merchant Marine rescuers recognized for Sept. 11 actions
  • Seaview Boatyard earns award for environmental practices
  • NYK-TDG maritime academy nets Japanese ministry approval

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Lloyd's Listweb site
  • Industry must tackle depressed markets' threat of higher risks
    It is more and more difficult to make money, but shipping must avoid the temptation to skip quality
  • World leaders flounder as global manufacturing stalls
    Chinese exports likely to slow further as growth in leading economies continues lacklustre trend
  • Far East trade hopes as West Africa GDP poised for growth
    Container traffic moving in and out of West Africa on a roll with Far East trade very strong
  • How Chinese and South Korean yards are overtaking Japan
    New analysis by examines current values of tankers and dry bulk carriers built in the three main shipbuilding countries
  • The flag you fly matters
    Respectable registers are all fine and pretty well all the same, but only when things are running smoothly
  • Greenwash for the sea
    Why I remain sceptical about environmental lobby groups
  • Paper trades offer little hope for struggling VLCCs
    Forward freight agreements for 2012 trade at stagnant levels seen in current spot market
  • Asset values under threat as German banks start to call in loans
    Bank efforts to remove non-performing loans from balance sheets threaten to devastate secondhand prices
  • Tiny but beautiful jewel
    Seborga is ruled by 'His Tremendousness' and is a world away from nearby Monaco
  • Danes and Dutch differ on armed guard policy
    European owners call for more action from Brussels
  • KfW Ipex finances gas-powered tanker for Veder
    Baltic Sea sea emissions rules behind switch to gas
  • SinOceanic forced to carry out reverse share swap to bump up share price
    Company is trading below Oslo Børs' NKR1 requirement
  • ExxonMobil seals 10-year aframax newbuilding charter at $22,000 per day
    Unknown Japanese owner rumoured to have chartered out vessel at level that indicates only a marginal recovery over the next decade
  • August newbuilding contract activity slumps to two-year low
    Few orders placed but prices still stable
  • TSA index scope questioned
    New freight rate tracker for transpacific multi-year contracts excludes fuel surcharges
  • Container line relets are damaging the boxship charter market
    KG fund manager Jens Brandis still sees good prospects for smaller vessels though
  • CMA CGM acknowledges S&P outlook downgrade
    Second credit rating agency expected to follow suit
  • China will require at least 60 new VLCCs over the next seven years
    Anticipated increase in refinery capacity plus targets for use of domestic tonnage will drive need for additional vessels, says Braemar
  • Lay-up option
    This could be a good time for box lines to take some action to remove capacity as a weak peak season draws to a close
  • US refinery shutdowns to hit suezmax market
    Sunoco's plan to idle refineries will hit key tanker trades from West Africa
  • China's VLCC threat
    If rumours of huge orders for VLCCs by Chinese oil companies have any substance, the timing would be unfortunate, to say the least
  • Poole unveils draft strategy as cross-Channel ferry sector struggles
    Masterplan issued for public consultation with a warning that future levels of ro-ro activity 'are not guaranteed'
  • DSME shares rally after winning $1.1bn rig contract
    Songa Offshore orders two semisubmersible drilling rigs with option for two more
  • China bunker sales up 21% in first half
    China's share of bunker market continues to grow while price gap with Singapore narrows
  • Bunker suppliers fear defaults
    Extreme volatility, low margins and increased counterparty risk all making life difficult for bunker suppliers
  • Dye opposes FMC extension
    TSA and WTSA transcript requirements should be scrapped, commissioner says

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Fairplayweb site
  • Bill seeks piracy expenses
    A US BILL is seeking repayment of costs incurred by the US Navy in protecting non-US-flag ships from pirates
  • US shortsea expansion sought
    US LAWMAKERS are trying to use a Coast Guard funding bill to expand shortsea shipping linking US ports
  • Hoegh decides to delay Port Meridian decision
    HOEGH LNG is delaying a final investment decision on whether to build a new import facility in the UK until the end of next year, IHS World Markets Energy reported today
  • Zhejiang unveils complex
    ZHEJIANG'S government plans to spend 1.26 trillion yuan ($197Bn) on port projects, related infrastructure and industrial schemes, IHS Global Insight reported today
  • Watchdog accuses SCI
    INDIA'S government watchdog panel has accused state-run Shipping Corp of India of poor charter fixtures and fleet acquisition failure
  • Gasoline route to Iran runs through China
    IRAN IS continuing to rely on 4-5 tanker shipments of gasoline per month, despite its claims to have become self sufficient, IHS World Markets Energy reported today
  • Grounded tanker scuttled
    A GROUNDED product tanker has been scuttled off South Africa in the Indian Ocean
  • Danes amend crewing laws
    CHANGES to key Danish maritime laws means that up to 40% of captains on Danish-flagged vessels can now be non-EU nationals
  • Ore port snarls ease
    SNARLS are easing at major iron ore and coal ports for a second straight week
  • Smuggled ivory seized
    SMUGGLED ivory worth nearly $1M was discovered by Malaysian customs in a container in the country's major gateway of Port Klang last week
  • Minsheng gets IPO OK
    MINSHENG Shipping said that China's Securities Regulatory Commission has accepted the company's listing application, according to Chinese media
  • South Korea widens its edge at yards
    SOUTH Korea has widened its lead over China as the world's leading shipbuilder
  • Glut prevents Panamax feast
    PANAMAXES bulkers continue to be prevented from rising rates in the Capesize market, brokers told Fairplay today
  • Joint box carrier losses seen at $360M
    LOSSES for the 16 box carriers that revealed 1H2011 earnings together amounted to $360M, according to a container consultancy
  • Box ship pressure building
    BOX SHIP charter rates are facing more downward pressure today, with rates for 2,500teu ships finally dropping after staying steady for the past month

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The Journal of Commerceweb site
  • West Coast Container Traffic Falls 3 Percent
    The July container volume at West Coast ports fell 3 percent compared to July 2010, despite another strong showing in...
  • Boeing: China Needs 5,000 New Planes By 2030
    China will need 5,000 new commercial planes valued at $600 billion by 2030 as the country becomes the second-largest aircraft...
  • Wolfe Trahan Downgrades 2012 Earnings
    Wall Street research firm Wolfe Trahan Group is reducing its estimates for transportation earnings per share as economic headwinds gain...
  • Obama Nominates Khouri to Full FMC Term
    President Obama nominated Michael A. Khouri to a full term on the Federal Maritime Commission. Khouri, a Republican, has...
  • Transportation Job Openings Jump 33 Percent
    The July figures from the Labor Department included 551,000 job openings in trade, transportation and utilities industries, a 33...
  • FMC Extends TSA and WTSA Oversight
    The Federal Maritime Commission extended by seven months its oversight of carriers involved in the Transpacific Stabilization Agreement and Westbound...
  • Changes Asked by Maersk CEO Will Take Years
    The changes in container industry practices called for by Maersk Line CEO Eivind Kolding will take years, according to shippers...
  • ILWU Defies Court Order in Longview, Wash., Picketing
    The International Longshore and Warehouse Union vowed to maintain its pickets at a newly built grain terminal in Longview, Wash.,...
  • Air France-KLM, BA-Iberia Cargo Traffic Slips
    Air France-KLM's cargo traffic fell 0.2 percent in August, as gains on Americas services were outweighed by lower volume on...
  • NYK Plans $325 Million Bond Issue
    NYK Line plans to issue $325 million of bonds maturing in 2021 with a 1.218 percent coupon, the carrier's lowest...
  • S&P Downgrades CMA CGM Outlook
    Standard & Poors downgraded its outlook for CMA GCM to negative and affirmed its B+ plus rating on the French...
  • BNSF's Rose Says Tax Changes Needed
    BNSF Railway Chairman and CEO Matt Rose believes the best way to get U.S. companies investing and hiring again would...

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Containerisation Internationalweb site
  • FMC extends TSA transcript requirement
  • Cool Logistics looks landside
  • Despite overcapacity mothballed box fleet lacking growth
  • Grand China rationalises transpac service
  • Port Botany for sale

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TradeWindsweb site
  • USCG busts Golden Sakura
    Port of New Orleans proves problematic for panamax bulker as inspectors uncover oily infraction.
  • SinOceanic splits
    Jan Haakon Pettersen holds the helm as Oslo-listed boxship owner gets ready to reverse out of danger.
  • Fear to terror?
    One year after puncturing tanker market balloon, industry veteran Robert Bugbee was at least half right.
  • Genmar ties up Harriet G
    Peter Georgiopoulos-controlled tanker owner pens employment contract for 2006-built suezmax.
  • Swiss Marine in cape push
    Peter Weernink-led firm said to have taken Formosa newbuilding on period deal to continue its 'tremendous' fleet growth.
  • Diamond has doubts
    Tanker vet Stevenson scratches head over China VLCC rumours while downplaying worries over Sunoco refineries.
  • Terminal delay for Mumbai
    Mumbai's offshore container terminal unlikely to be completed until end of next year.
  • ULTR plotting dry revival?
    Equity analyst says bulker buys may be in the cards for Felipe Menendez-led owner despite market exit.
  • S&P negative on CMA
    Weaker-than-expected first half results see Jacques Saade-led liner giant demoted by ratings agency.
  • Bulker massacre needed
    Braemar says 1,500 old vessels would have to be scrapped by 2014 to bring fleet growth into line with demand.
  • China splash 'feasible'
    Braemar Seascope runs the rule over China's potential giant VLCC order.
  • Collision row continues
    Damages case involving Greek bulker Pontodamon could be re-heard in Shanghai, where 2007 clash took place.
  • Sunoco's suezmax threat
    Million-barrel tankers will be in big trouble if huge US charterer fails to sell two east coast refineries.
  • Hartmann clears US link
    German offshore manager says funding of newly-built anchor-handling fleet is secure despite financial upheaval facing US equity partner.
  • Storage no market maker
    Nervy tanker owners take little comfort from tanker storage numbers, going up or down.
  • Prices in 'steep decline'
    New York-listed Nordic American's suezmax swoop offers further evidence of deteriorating tanker values, analyst says.
  • SCI in yard scrutiny
    Sabyasachi Hajara says Indian owner conducting due diligence on domestic yard with view to snapping up 15% stake.

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American Shipperweb site
  • September Editorial
  • Bill expiring 'would be a disaster'
    Bill expiring 'would be a disaster' Bill expiring 'would be a disaster'...
  • TSA defends omitting bunker from index
    The Transpacific Stabilization Agreement, which represents 15 of the largest carriers on the transpacific trade, has defended arate index it released last week , after maritime analyst SeaIntel questioned the TSA's decision to leave bunker surchar...
  • Zim raising Israel/West Africa rates
    The liner carrier Zim said Wednesday it plans to increase rates on the trade from Israel to West Africa. The increase, $150 per 20-foot container and $300 per 40-foot container, is applicable from Oct. 1....
  • Russia's JSC Freight One readies shares auction
    Russian Railways subsidiary JSC Freight One, the country's largest operator of railcars, will auction more than 64 billion ordinary shares, or 75 percent minus two shares of the company, starting on Oct. 28. Terms provide for sale of the shares in ...
  • YRC names Schwar VP of exhibit services
    Overland Park, Kan.-based trucking company YRC has appointed Bill Schwar to vice president of exhibit services. In his 28 years with YRC, Schwar has held positions of increasing responsibility, serving in management roles during the past 16 years i...
  • WTO sides with U.S. in Chinese tire dispute
    The World Trade Organization Appellate Body on Monday found in favor of the United States in a dispute brought by China challenging the imposition of additional duties on imports of Chinese tires. A WTO panel rejected all of China's claims against...
  • Ex-Im Bank's $455.7 million backs solar exports
    The U.S. Export-Import Bank authorized two transactions totaling $455.7 million to support Perrysburg, Ohio-based First Solar's exports of thin film photovoltaic panels to Ontario, Canada. The bank's support was needed because viable long-term f...
  • USDA: Humane transport for horses to be slaughtered
    The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has amended its regulations to better ensure the humane treatment of horses during their transport to slaughterhouses, effective Oct. 7. The regulations cover the food...
  • Obama, mayors seek transportation funds extension
    Obama President Obama last week reiterated his call for Congress to pass an extension of the surface transportation bill without changes so that spending authority doesn't expire and damage the economy. Funding for highways, transit and safety prog...

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The Bunker Bulletinweb site
  • Indian refiner losing faith in fuel oil products
    'There will not be any fuel oil exports...We will be exporting fuel oil only if the margins are better on it,' says MD.
  • Fujairah prices gain double-digits
    Demand 'sliggish' in Durban, according to reports.
  • Analysts predict fall in Russian fuel oil exports
    'Refiners might consider reducing their refining utilisation or even moth balling plants.'
  • European bunker markets firm
    Prices pick up in Piraeus in the afternoon.
  • Total Marine Fuel redeploys West African barge
    Vessel will deliver bunkers in Gambia and off-shore Senegal.
  • Shippers call for share of slow steaming cost savings
    Survey finds 40% of shippers question the value of slow steaming.
  • Ferry operator backs scrubbers
    Abatement technology 'more cost effective' than using low-sulphur bunkers.
  • China bonded bunker sale volumes to see 'rapid rise' in 2011
    China's bonded bunker fuel consumption may surpass 10 million mt in 2011, says editorial director of C1 Energy.
  • Double-digit gains in Asian bunker prices
    Slack demand for bunkers at key Asian ports on Wednesday.
  • Specialised bunker tankers needed for LNG bunkering
    Fixed bunkering stations 'not economical' while trucks cannot take large quantities, Bunker Asia is told.
  • China's growing 'threat' to Singapore bunkering
    China has 'the appetite and capital' for growth, bunker player tells Bunker Asia forum.
  • 'Great time' to be in the industry, says Chemoil CEO
    Volatile market presents opportunities for bunker players, Tom Reilly tells Bunker Asia 2011.

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