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07 April 2020 The on-line newspaper devoted to the world of transports 19:13 GMT+2

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The Business Timesweb site
FEBRUARY 10, 2011
Shipping News
  • Prospects of higher cargo demand lift Baltic index
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a second day on Tuesday, helped by firmer sentiment and expectation of higher cargo demand.
  • Rates to ship M-E crude to Asia hit year's high
    Rates to ship Middle East crude oil to Asia, the world's busiest route for supertankers, rose to this year's highest level as vessel owners moved to pass on higher fuel costs and meet stronger demand.
  • S Korea handles record box traffic in Jan
    Container volume handled at South Korea's seaports reached a record monthly high in January, fuelled by improving economic and business conditions, the Ministry of Land, Transport and Maritime Affairs in Seoul said yesterday.
  • Dry cargo ship owners shifting to spot markets

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Sched Netweb site
FEBRUARY 10, 2011
  • China-US string drives Jones Act Matson profits up 70pc
  • Hamburg up 12.7pc to 7.9 million TEU, but still shy of 2008 highs
  • MSC quashes rumours about new service offerings
  • 94pc of MOL's Asia-Europe ships on time from April-Dec 2010
  • Xinjiang to spend US$45.8 billion for 13,633 kilometres of roads in 2011
  • Guangxi Autonomous Region trade value up 50pc in 2010
  • Eurogate volume up 5.2pc, but 11pc off 2008's record high
  • Rail-dependent German shippers face rising strike risk
  • Mumbai container volume up 31pc in 10 months to 61,848 TEU
  • Saudi ports up 2010 volume 19.9pc to 5.3 million TEU
  • United Arab Shipping Company opens offices in Warsaw, Gdynia
  • Carriers trade hit by EU sanctions on Ivory Coast
  • Hapag-Lloyd revises US Gulf, Mediterranean calls
  • Liberian-flagged fleet doubles in size in 10 years
  • United and Continental January revenues up 0.4pc
  • Volga-Dnepr signs up for anti-virus Kaspersky Lab software
  • 11,000 layoffs ahead as TNT suffers slowing growth

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Exim Indiaweb site
FEBRUARY 10, 2011
  • Safmarine announces improved Far East-Indian Subcontinent coverage
  • Ship with 17 Indian crew hijacked to Somalia
  • WWPC holds successful conference in Mumbai
  • Dominican Republic invites Indian companies
  • India, Turkey set $5 bn trade target by 2012
  • Soyameal exports double in Jan.
  • Government announces 24x7 Customs clearance at 8 ports
  • Private cargo rail line launched in Karnataka
  • Egypt crisis has not impacted exporters, says Anand Sharma
  • Egypt turmoil may affect policy: RBI
  • Handicrafts exports up by 18 pc since April
  • Highlights of the report by the 'Task Force on Transaction Cost in Exports'
  • Indian economy to grow at 8.6 pc
  • Locke unhappy with India's trade barriers
  • No more sops for you FM tells exporters
  • Raise FDI cap in key sectors, Ficci tells Centre
  • A new cleansing process

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International Transport Journalweb site
FEBRUARY 9, 2011
  • Russian Railways: 10,300 km of track repaired in 2010
    Russian Railways modernised a total of 10,300 km of track in 2010. During line repair work, the company installed new track switches on reinforced concrete crossing sleep...
  • European rail chiefs propose concrete measures for the railway's future
    The CEOs of the three major European rail associations recently met the European Commission's vice-president Siim Kallas, who is responsible for transport, in Brussels. Repres...
  • Russia lifts cross-border restrictions, signs Polish bilateral agreement
    Multilateral licenses facilitate international road freight transport as they enable hauliers to cross borders with just one permit, rather than having to apply for several bilater...

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Marine Logweb site
FEBRUARY 9, 2011
  • SPI to deliver cutter head suction dredge for overseas mining operation
  • Rederi AB TransAtlantic takes delivery of ice strengthened AHTS
  • Ensco orders harsh-environment jack-ups at Keppel FELS
  • New B-1 visa for foreign maritime workers requiring TWIC
  • ILS adds new functionality to its marine marketplace
  • Somali pirates grab 319,247 dwt Lemos tanker
  • Captain Rich Habib takes helm at Titan Salvage
  • Noumea operator orders second Austal monohull passenger ferry

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World Wide Shipperweb site
FEBRUARY 9, 2011
  • Ports of Seattle, Moses Lake eye economic development deal
  • Freight transportation index up during month of December
  • Public hearings cancelled for New Jersey pipeline project
  • JetBlue Airways adding Portland to Santiago flights
  • Crowley taps Rich Habib as Titan Salvage vice president

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Lloyd's Listweb site
FEBRUARY 9, 2011
  • Owners hold off on deals as loss-making climate persists
    High bunker costs and low rates have caused Tanker Pacific, a Singapore based company that manages a fleet of 45 vessels, to hold back from agreeing to deals that lead to loss-making voyages until conditions improve, brokers say
  • Saudi Arabia to Japan VLCC rates treble as Asian oil traders pile in
    An influx of very large crude carrier chartering by Asian oil traders after the lunar holidays has rocketed up spot rates for VLCCs on the Saudi Arabia to Japan route to nearly treble the rate from the end of last week
  • Capesize rates buoy Baltic Dry
    The Baltic Dry Index rose by 28 points to 1,092 today with capesize time charter rates rising for the second day in a row after a seven-week fall
  • A shining light of the Enlightenment
    Bell Rock Lighthouse is a remarkable feat of civil engineering and also stands as an example of technology deployed for humanitarian purposes
  • More brokers move to Cleartrade OTC screen
    New Singapore-based central screen says 'steady progress' is being made
  • Is an appetite for quality enough to keep Japanese yards on the menu?
    The imminent demise of Japanese shipbuilding may have been exaggerated, but a new strategy will have to offer some tasty long-term survival options
  • Pirates targeting tankers at Strait of Hormuz exit points
    Sector may be forced to avoid area after Irene SL hijack becomes eighth attack on vessel type in a four-week period
  • Shipping can learn from shore-based CO2 monitoring systems
    There are a number of proven technologies to choose from
  • Tax CO2 emissions, not bunker fuel
    Direct taxation of ship-based CO2 emissions is fairest option
  • Wikileaks report exposes US box scanning flaws
    False alarm at Manzanillo reveals holes in security procedures for containers entering the US via Mexican ports
  • Run on redemptions sank Clarkson's shipping hedge fund
  • The booze cruise that sets its sights on consumption
    As oil prices eat in to shortsea shipping's profits, attention has been turned to lowering fuel usage
  • Sovcomflot snaps up six Primorsk aframaxes
    Deal bolsters tanker giant's grip on shuttle trades to Sakhalin oil projects
  • Odfjell boss sees hope for chemical tanker rates
    Cargo owners now prepared to discuss freight rate rises, says Jan Hammer
  • Emissions trading plan is 'burden on shipping'
    London-based Greek shipping group say fuel levy is the more suitable option to cut carbon emission
  • Global Ship Lease gears up to raise $500m fresh capital
    Plans either follow-on share issues or via issue of debt securities
  • Tui still weighing up Hapag-Lloyd exit options
    No decision yet on whether it will be via an IPO or sale
  • Bangladeshi bank to fund aframax tanker buy
    First Security Islami Bank breaks new ground with $10m loan to Eastern Ocean Tankers
  • Higher costs and taxes eat into Marco Polo profit
    Posts 17% fall in profit to $3.1m for first quarter of its fiscal year
  • Imarest to beef up services from office sale cash
    Institute of Marine Engineering, Science and Technology to sell London headquarters building
  • Beluga's new ships to boost cargo turnover time
    Heavylift specialist reveals details of its P3-series vessels
  • China still on full throttle
    China's dominance in the shipping industry is now filtering into sectors that transport finished goods
  • Deathtrap lifeboats
    Now is the time to take some decisive action about the safety of lifeboat release systems
  • Clean Shipping Index launches commercial offering
    Index to score a ship's NOx and SOx emissions, as well as its waste water discharges and biofouling
  • Industry 'asleep' to unlimited liability
    International Registries managing partner Clay Maitland warns shipowners could face unprecedented financial burdens in future oil spills
  • Dry bulk bankruptcies 'unlikely'
    Follow-on equity issues will help companies stay afloat, Genco financial chief tells Hellenic-American and Norwegian-American Chambers of Commerce conference
  • Tough year ahead for ship finance
    Bankers now even more cautious on lending, panel tells Hellenic-American and Norwegian-American Chambers of Commerce conference
  • Singapore maritime sector warns of threat to recovery
    Singapore Shipping Association says rising cost of doing business could negate sector's recovery
  • Algoma Central orders three more bulkers from China
    Nantong Mingde Heavy Industries to deliver ships between 2013 and 2014.

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Fairplayweb site
FEBRUARY 9, 2011
  • Suez sit-in raises Egypt worries
    AS STRIKES by opponents of Egypt's government multiplied today across the country, about 6,000 workers at five service companies owned by the Suez Canal Authority reportedly began a sit-in
  • Polish yard cuts jobs, switches focus
    POLAND'S Naval Shipyard reportedly announced today that it plans to cut 400 jobs and increase its focus on the commercial sector in an effort to improve its finances
  • Ship held over pollution
    GEORGIA'S border forces today reportedly arrested another vessel on suspicion of polluting near the Black Sea port of Poti
  • VLCC surplus shrinks
    THE SURPLUS of VLCCs competing for crude on the Middle East/Asia route has shrunk, according to figures published by the Baltic Exchange
  • Rolls-Royce pod plea denied
    ROLLS-ROYCE has lost its latest legal attempt to avert a huge payment to Carnival to compensate for Queen Mary 2's Mermaid pod problems
  • Caution urged on spill bills
    SHIPPING is "not out of the woods yet" as the US Congress reconsiders Deepwater Horizon legislation, SKULD North America president Charles Anderson has warned
  • Norway-Russia border agreed
    NORWAY'S parliament has ratified a treaty with Russia on the countries' maritime border, paving the way for a division of Arctic resources, IHS Global Insight reported today
  • Bugbee warns of dual collapse
    SCORPIO Tankers president Robert Bugbee fears that potentially severe corrections in the crude and drybulk markets could create collateral damage in the products sector
  • Iran: arms were meant for Gambia
    IRAN'S ambassador to Nigeria has acknowledged that an arms cache found in shipping containers at Lagos in October had been destined for Gambia, IHS Global Insight reported today
  • More SeaFrance woes?
    SEAFRANCE declined today to confirm or deny French news reports that it has failed to find an investor ready to bring it fresh funding
  • Hapag revenues rocket
    HAPAG-Lloyd recorded a 34% rise in turnover to €1.5Bn ($2.05Bn) in the fourth quarter as it shifted focus to the trans-Pacific trade, shareholder TUI reported today
  • Bourbon sees demand fueling offshore
    FRENCH offshore service vessel operator Bourbon has forecast a gradual recovery in the offshore market this year after demand rose for its ships in 2010's final quarter
  • LNG freight rates jump
    ACUTE vessel shortages are pushing up freight rates for LNG, with brokers telling Fairplay that just four tankers are available today for spot cargoes
  • East Asian LNG imports rise 17.5%
    LNG IMPORTS to East Asia jumped 17.5% in 2010, a sector report said today, while the average price paid for the cargoes in the region rose 11%
  • Keppel boss enlarges stake
    KEPPEL Offshore & Marine CEO Tong Chong Heong has exercised options to buy 100,000 shares at S$6.16 ($4.84) each.

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The Journal of Commerceweb site
FEBRUARY 9, 2011
  • BIMCO Demands Safety in Arabian Sea
    Amid almost daily pirate attacks, The Baltic and International Maritime Council warned Indian officials its members would find other routes...
  • Nadler Introduces Clean Ports Bill in House
    Rep. Jerrold Nadler, D-N.Y., Wednesday introduced legislation to reduce truck pollution at container ports -- and to make it easier...
  • Senator Moves to Reduce Rail PTC Mandate
    What is being billed as a "common sense" bill to reduce regulatory burdens would remove a congressionally-imposed December 2015 deadline...
  • USPS Posts $329 Million Quarterly Loss
    The U.S. Postal Service lost $329 million in its last quarter and expects to run out of cash by the...
  • Freight Index Rose 1.5 Percent in December
    The Transportation Department's Freight Transportation Services Index, which measures shipment volume in ton-miles, rose 1.5 percent in December from its...
  • Corporate Coalition Calls for Energy Incentives
    An advocacy group for energy security is calling for a national transportation policy that emphasizes market-based incentives to reduce energy...
  • Spot Freight, Truck Rates Rise in January
    Spot market truckload freight volume shot up 62 percent year-over-year in January, according to the TransCore North American Freight Index,...
  • Trucking Growth Barely Slows, PCI Shows
    Record-breaking winter storms across much of the country may have chilled trucking activity in January, but they didn't freeze the...
  • Safmarine Buys Slots for Far East-India Service
    Safmarine is introducing a direct service it calls FMX between the Far East and main ports in West India and...
  • Maersk, Hapag-Lloyd to Share Med-US Services
    Maersk Line and Hapag-Lloyd entered a slot swap agreement for services from the Mediterranean to the U.S. East Coast and...
  • Hapag-Lloyd Swings to $133 Million Operating Profit
    Hapag-Lloyd swung to an operating profit of $133 million in the final quarter of 2010 from a year-earlier loss of...
  • Gulfport Container Volume Climbs 4.8 percent
    Container volume at Mississippi's Port of Gulfport grew 4.8 percent in 2010, but the 208,486 20-foot equivalent units remained behind...
  • Roadrunner Runs Up Revenue, Profit in 2010
    New business from acquisitions and market share gains pumped up revenue and earnings at hybrid trucker Roadrunner Transportation Services last...
  • Rail Exec Sees Florida Gaining From Panama Canal
    The widening of the Panama Canal in 2014 could establish South Florida as a gateway for Asia cargo moving to...

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Containerisation Internationalweb site
FEBRUARY 9, 2011
  • 300,000 tonne VLCC pirated
  • Tanger Med throughput surges
  • Maersk: Egypt improved substantially
  • US Intermodal traffic ends 2010 on a high
  • Safmarine adds to its FE/India services

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TradeWindsweb site
FEBRUARY 9, 2011
  • Fairstar changes course
    "Harsh lessons" lead Oslo-listed heavylift owner to abandon spot market after falling short in the fourth.
  • DCI goes Dutch
    Dredging Corp of India prepares to splash cash on an order at IHC Merwede of the Netherlands.
  • Greek disputes navy claims
    Irene SL manager says VLCC had correctly reported position to authorities before hijacking off Oman.
  • TUI cuts cruise loss
    German group grateful to joint venture with RCCL for better result in three months to 31 December.
  • Fredriksen no to Hapag
    Norwegian magnate has no plans to invest in German container line when it lists this year, Tor Olav Troim says.
  • Wreck is a barrel of fun
    Finnish team looking to tap the secrets of beer pulled from 19th century Baltic wreck.
  • Maersk teams with Hapag
    Danish and German owners swap slots to boost Mediterranean to US services.
  • SCI books AHTS brace
    Shipping Corp of India pens a couple more offshore newbuildings at Cochin.
  • Georgia holds cargoship
    Authorities in Poti fine master of Naruksovo over alleged pollution incident.
  • MSC ship damaged
    Container vessel involved in collision with fishing boat off the Netherlands.
  • Costs cut Marco Polo
    Singapore-listed shipbuilder and offshore operator sees first quarter bottom line dip.
  • Lemos VLCC hijacked
    Pirates land huge catch as London-based Greek owner's mammoth tanker Irene SL hijacked off Oman.
  • Hapag IPO this year
    Shareholder TUI's boss Michael Frenzel still sees favourable "time window" for offering of German container line.
  • Four dead in sinking
    Seven more crew missing off South Korea after collision between Russian cargoship and mystery second vessel.
  • Frank in aframax splurge
    Sergey Frank-led Russian tanker giant Sovcomflot snaps up shuttle tanker sextet from compatriot Prisco.

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American Shipperweb site
FEBRUARY 9, 2011
  • Western Canadian wheat farmers buy ships
    The farmer-owned Canadian Wheat Board on Tuesday said it will purchase two new vessels to move wheat across the Great Lakes. The vessels, which will be ready for service in 2013, are part of a larger purchase by shipping companies Algoma Central Co...
  • U.S. intermodal volume reaches record in Q4
    Total U.S. intermodal volume rose 14.7 percent in 2010, though growth slowed in the fourth quarter, according to the latest statistics released by the Intermodal Association of North America (IANA). Volume in 2010 reached 13.3 million units, while...
  • Matson gets boost from second China string
    Matson Line saw revenue and operating profit climb in 2010 as it added a second string of ships between China and the United States. Matson''s parent company, Alexander & Baldwin, in reporting its 2010 results said the carrier had revenue of $1 bi...
  • Global Ship Lease seeks to raise capital
    Global Ship Lease plans to raise up to $500 million to expand its fleet, debt repayment, working capital or general corporate purposes, it said in a prospectus filed with the Securities and Exchange Commission. Formed in 2007, Global has a fleet of...
  • Safmarine joins new Simatech India/China loop
    Liner carrier Safmarine said Wednesday it is joining a new Simatech service between China and India as a slot buyer. The FMX service starts Feb. 17 with a rotation of Xingang, Qingdao, Shanghai, Ningbo, Hong Kong, Singapore, Tanjung Pelepas, Port K...
  • Transpacific boosts Hapag-Lloyd results
    TUI AG, part owner of container liner carrier Hapag-Lloyd, said the German container carrier had sales of about 1.5 billion euros ($2 billion) in the three month period ending Dec. 31, a 34 percent increase over same period the prior year. "This wa...
  • U.S. import boxes surge nearly 18% in January
    U.S. import container volume rose 17.6 percent in January compared to the same month in 2010, according to statistics released by trade intelligence company Zepol Corp. Zepol noted that after a four-month slide month-to-month, January showed a sig...
  • Shoring up U.S. trade
    TAA, Andean trade preference extension urged The National Foreign Trade Council and the American Apparel and Footwear Association this week urged Congress to pass legislation extending two key trade-related programs -- the Trade Adjustment Assistan...
  • Shipping by the numbers
    U.S. import boxes surge nearly 18% in JanuaryU.S. import container volume rose 17.6 percent in January compared to the same month in 2010, according to statistics released by trade intelligence company Zepol Corp. U.S. intermodal volume reaches rec...
  • Stand to continue losing market share

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 9, 2011
  • Italian tanker hijacked in the Indian Ocean
    The Italian-owned tanker Savina Caylyn, 104.255 DWT, has been hijacked some 670 nautical miles East of the Socotra Island in the Indian Ocean, EU Navfor reports. The ship
  • APL in scrubber test
    One of APL's container carriers will be equipped with a seawater scrubber, an air pollution-reduction device. It will be used when the ship is calling ports in the Southern

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The Bunker Bulletinweb site
FEBRUARY 9, 2011
  • Fujairah prices rise
    Avails tight in the Middle East hub.
  • Rotterdam market firms
    'Very good' demand in Hamburg.
  • IMO sub-committee stalls further actions on fuel quality controls
    BLG decides not to continue work on proposals to introduce stricter regulatory controls on bunker supply or extending MARPOL Annex VI specifications beyond sulphur.
  • More fuel oil cargoes command 'double-digit premiums'
    No end in sight to supply tightness say traders.
  • MOL listed among '100 most sustainable companies'
    MOL is 'highest ranking' shipping line in the latest list.
  • Rising bunker prices could hamper recovery
    Norwegian product-tanker operator says rates 'still unsustainable'.
  • Bunker prices generally firm at major ports
    Demand largely average at key Asian ports on Wednesday.
  • Russian bunker association calls for scrapping of bunker duty
    In response to recently imposed duty on 'bunkers-only calls' at all Russian ports.
  • Waste heat recovery system to cut marine fuel usage by 5-10%
    Man Diesel agrees to integrate waste heat recovery system on its diesel engine.
  • Sinopec Zhoushan in 'trial takeover' of SinoBunker ops at various ports
    Sinopec Zhoushan to 'takeover' sales and purchase of bonded bunkers in Zhanjiang, Dalian, Hainan and Shenzhen.
  • ExxonMobil sells high-density fuel oil parcel at 16-month high
    Strike price higher due to the general supply tightness in the Gulf market, traders say.
  • Philippines 'may face' bunker supply squeeze in 2011
    Two refiners sign contracts to supply government-owned domestic power plants.
  • Discovering 'hidden' energy saving opportunities
    System measures and displays actual power consumption using data that manufacturers are 'generally unwilling to disclose.

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