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05 April 2020 The on-line newspaper devoted to the world of transports 15:35 GMT+2

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The Business Timesweb site
FEBRUARY 11, 2011
Shipping News
  • BaltEx's freight futures trading roll-out 'too slow'
    The Baltic Exchange's plan for a central trading screen for dry bulk freight derivatives is moving too slowly and concerns are growing that rivals may look to launch their own, freight futures users said.
  • SuMed pipeline can cover northbound flows: IEA
    In the event of political unrest in Egypt disrupting shipments through the Canal, the Suez-Mediterranean or SuMed crude pipeline has ample capacity to ensure continued northbound flows, the International Energy Agency (IEA) says.

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Sched Netweb site
FEBRUARY 11, 2011
  • Shipping Corporation of India profit up 138pc on box boom
  • Hapag-Lloyd back in black with US$132 million profit
  • Maersk says Egyptian shipping improves, but congestion lingers
  • Maersk to add mega-ships to fast growing Sino-India loop
  • US Commerce Secretary calls on India to ease US trade barriers
  • Vancouver dock talks on again after cooling off period ends
  • Jiangsu's port throughput surpasses 1.5 billion tonnes last year
  • Alashankou Pass cargo volume up 8.6 per cent last year
  • Hapag-Lloyd to phase out provision of its own US chassis
  • Trans-Siberian Railway test intermodal from Korea to Poland
  • Toll Global Forwarding opens new US branches, moves HQ
  • UPS freight division builds group revenue on higher rates
  • Oil prices prompt Qantas to increase surcharges 50pc
  • Singapore Airlines receives logistics support to SDV
  • Fifth test flight for Boeing 747-8 Freighter
  • Volga-Dnepr Airlines signs deal with Aerofuels

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Exim Indiaweb site
FEBRUARY 11, 2011
  • Certain security demands from carriers impractical, say shippers
  • CSTS receives 'Best CHA Award' for 2009-10
  • IMO launches new drive against piracy
  • MOL in Global 100 Most Sustainable Corporations for 1st time
  • SCI orders two AHTSVs from Cochin Shipyard
  • ABG Shipyard sees 9.6 pc rise in Q3 net sales
  • Port of Antwerp delegation in Mumbai
  • Port of Antwerp delegation interacts with southern India trade
  • Shipping Minister allays fears of adverse impact on ports in Orissa
  • Adani Power net up 50 pc in Q3
  • Soars to 3-week high
  • Transaction cost report a good beginning: Fieo

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International Transport Journalweb site
FEBRUARY 10, 2011
  • Raben opens new Czech office
    The transport and logistics service provider Raben Logistics Czechia, the Czech subsidiary of the international Raben Group, opened a new office in Liberec, in northern Bohemia in ...
  • Honda extends contract with Bibby Distribution in UK
    The UK logistics company Bibby Distribution has extended its current two-wheel contract with Honda UK. Bibby Distribution has partnered Honda UK for five years, delivering motorcyc...
  • Blue Dart with higher profits
    The Indian CEP company Blue Dart Express posted a post-tax profit of INR 943.7 million (EUR 15.2 million) in 2010. This saw a jump from the post-tax profit of INR 607.1 million (EU...
  • Belavia changes Moscow landings
    Belavia Belarusian Airlines is adjusting its services on the Minsk-Moscow route with effect from today. It will continue to operate six daily flights to three Moscow airports, but ...
  • AF-KLM January cargo volumes grow in line with capacity
    Air France-KLM reports that its cargo traffic (894 million rtk) rose in line with capacity (1.389 billion atk) in January, improving by 3.4% and 3.3% respectively. The load factor ...
  • Safmarine improves Far East-Indian Subcontinent coverage
    The shipping line Safmarine has upgraded its Far East-Indian Subcontinent services by introducing a new direct link between Far East and main ports in western India and Pakistan. T...
  • Norfolk Southern facilitates billions in industrial investment along rail lines
    The Norfolk Southern Corporation participated in the location of 67 new industries and the expansion of 28 existing industries along its rail lines in 2010. New plants and expansio...
  • Trucking adds 3,200 Jobs in USA
    The US unemployment rate fell to 9% in January, the lowest in almost two years, the country's labour department has reported. A total of 1.1 million jobs were added in 2010, with t...
  • Israeli company proposes sniffer mice to detect explosives at airports
    The Israeli start-up enterprise BioExplorers uses mice to sniff out explosives at airport security checkpoints. The company, which is staffed by biologists and soldiers from the Is...
  • Hupac back on the growth track
    The transport volume of the intermodal operator Hupac grew by 13% last year, bringing it back close to the level attained in the record year of 2008. The company said that a total ...
  • Largest French maritime port loses ground
    Plenty of well-loaded freighters headed for French maritime ports in 2010, but repeated strikes prevented hubs from significantly increasing their throughput for the year. Marseill...
  • Suez Canal terminal improves container facilities
    In the eight years since it opened, the Suez Canal Container Terminal (SCCT) has grown to handle more than 2.7 million teu annually. Now the transhipment hub is set to complete pha...
  • PKP Cargo handles 120 million t in 2010
    Poland's railfreight company PKP Cargo handled 119.4 million t of freight in 2010, 14% more than in 2009 (104.61 million t). PKP Cargo thus only carried 10.9% less goods than in 20...
  • Heavy transit trucks banned from Fernpass in Austria
    The B179 Fernpass road in Austria is now closed to heavy vehicles weighing more than 7.5 t. The road has recently been used by truckers as a transit route to link Germany and Italy...

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Marine Logweb site
FEBRUARY 10, 2011
  • Grand Princess to lose signature Skywalker Nightclub in interest of fuel economy
  • Swiftships wins FMS contract for Egyptian patrol craft
  • Commandant delivers State of the Coast Guard address
  • Wärtsilä names next President and CEO

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World Wide Shipperweb site
FEBRUARY 10, 2011
  • Port of Everett eyes deal with bottling company
  • Port association presents pair of cruise awards
  • NYK Group completes winter safety campaign
  • General Maritime completes sale of tanker vessels
  • OOCL sees success in container pickup scheme

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Lloyd's Listweb site
FEBRUARY 10, 2011
  • Surge in LR1 activity pushes rates up
    Confidence lifted as Asian traders return from lunar new year holidays, but brokers question rally's strength
  • Traders warn Baltic to urgently resolve dry freight screen delays
    Industry-endorsed trading platform needed to keep'neutral heart of shipping's' influence
  • IEA increases 2011 crude demand forecast
    The International Energy Agency has raised its 2011 global crude oil demand forecast by 140,000 barrels per day
  • Rio Tinto to continue iron ore expansion after record results
  • Capesize rates rise for third day to bolster Baltic index
    The Baltic Dry Index rose 44 points to 1,136 yesterday, with the usually beleaguered capesizes seeing average time charter rates rising for the third straight day, going up by $871 to a daily rate of $6,379
  • Surge in cargo volumes propel VLCC spot rates
    Rates top $30,000 daily as new cargoes flood the market after lunar holiday break
  • Shell boss calls on navies to 'take down' pirate ships
    Governments should authorise military to take tougher action amid escalating violent attacks on seafarers
  • Beluga warns of 'widespread deficiencies' in piracy response
    Naval response to the Beluga Nomination hijacking led to the death of three crew, chief executive Niels Stolberg claims
  • Action against motherships must be last resort
    Nautilus urges caution over calls to attack pirate motherships
  • African oil exports buoy suezmax trades
    Record volumes of West African crude were exported in suezmaxes in 2010 and this oil was delivered further afield than in previous years
  • Genmar nets $18m from sale of two tankers
    To use proceeds to trim senior bank loan facility of $750m
  • NEL makes joint bid for Istanbul ferry company
    Forms investment consortium to bid for Istanbul Deniz Otobusleri
  • Big and small FLNG pioneers aim to make their dreams a reality
    Larger barge-like projects capable of producing up to 6m tonnes per year of LNG serving larger fields of 'stranded' gas
  • Persistence of the old order
    As in the past, marine insurers will look for solutions beyond the efforts of modern governments to deal with the age-old scourge of piracy
  • US accusations could reflect badly on Hong Kong
    Should China's outlying province be doing more to pacify the US in its sanctions against Iran?
  • Keeping up appearances
    Sanctions against Iran could be thwarted if China decides to put its own interests first
  • Shell sets sights on 2016 production at Prelude Field
    Anticipated annual production would be 3.6m tonnes per year of LNG, 0.4m tonnes of liquefied petroleum gas, and 1.3m tonnes of condensate
  • New US visa to benefit foreign shipping executives
    Move closes loophole that prevents foreign maritime workers from acquiring biometric ID cards
  • Regasification and floating liquefaction poised for growth
    Sector forecast to be worth $7bn by 2017 as Bureau Veritas issues new classification rules for projects around world
  • Mezeron axes Isle of Man daily freight service
    Dohle start-up ends Douglas-Liverpool route after failing to meet volume growth and profitability targets
  • CMA CGM bond move to reduce uncertainty over repayments
    With $5bn in secured and unsecured debt, French container line needs to keep its lenders happy
  • TAL posts record profits in 2010
    Aggressive investment and rebound in leasing demand drive up 2010 profit to $103.4m
  • Decision time for emissions
    The debate in the shipping industry about how payments for greenhouse gas emissions should be raised is getting heated
  • Harrowing Hormuz
    Efforts by the international community should overcome the problem of pirate attacks on VLCCs in the Strait of Hormuz
  • Montreal in bid to boost box handling efficiency
    Signs productivity deal with terminal operators
  • New Century seeks $1bn Hong Kong listing
    Sources confirm IPO bid targeted for first half of 2011

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Fairplayweb site
FEBRUARY 10, 2011
  • GenMar asset sell-off continues
    PETER Georgiopoulos-chaired General Maritime today announced two more tanker sales to meet looming debt obligations
  • Cable to Cuba finished
    CABLE-laying ships have completed an undersea fibre-optic cable linking Cuba with Venezuela, IHS Global Insight reported today
  • Battle joined on US port truck bill
    US BOX liners are opposing a House green proposal that they say would divert imports and raise supply chain costs
  • Sparring heats up on US trade accords
    SHIPPING joined Republican congressmen today in pressing the Obama administration to gain approval for stalled trade accords with Panama and Colombia
  • USC said to seek loan
    RUSSIA'S government-run yard holding USC reportedly plans to seek 35Bn rubles ($1.2Bn) in state bank loans to finance a new yard
  • Floating storage nears nadir
    FLOATING storage sank again in January and is now nearing a two-year low, the IEA reported today
  • Keppel CEO buys shares
    KEPPEL'S CEO Choo Chiau Beng has exercised options to buy 230,000 shares at S$8
  • US LNG export terminal to close
    ALASKA'S Kenai LNG terminal, the sole LNG export facility in the US, will be mothballed as soon as next month, state officials have confirme
  • ABG revenues rise 10%
    RIDING on new orders, ABG Shipyard said its revenues rose 10% in its October-December quarter
  • Capesize rates rise
    DAILY rates for Capesizes continued to rocket today, rising 15.8% to $6,379 a day after an 8.9% rise yesterday
  • Navies accused of 'neglect'
    THE ECOTERRA piracy monitoring group has criticised naval forces over the hijacking of a VLCC close to where another vessel had been attacked a week earlier
  • Reefer outlook improves
    RATES for fruit shipments from the Southern Hemisphere are steady to firm today ' with good upside potential ' as the reefer peak season gets going
  • Korea vehicle rise good news for carriers
    VEHICLE production in South Korea increased 23.8% year on year in January, driven by rising domestic and export demand, IHS Global Insight reported today
  • Ferry workers end blockade
    STRIKING seafarers from French ferry operator SNCM have stopped blocking sea access to the city centre eastern docks of Marseilles
  • 21-day Callao strike ends
    LIMA'S port of Callao reportedly said today it would take at least a week to clear backlogs, after workers signed an accord to end a 21-day strike.

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The Journal of Commerceweb site
FEBRUARY 10, 2011
  • Lawmaker Sees Tangled Credentialing Web
    Congress may tackle an overhaul of the tangled transportation security credentialing system. Mike Rogers, R-Ala., chairman of the House Transportation...
  • FRA Approves Alameda Corridor Loan
    The Federal Rail Administration approved an $83.7 million loan for the Alameda Corridor Transportation Authority that should delay until late...
  • Pacer International Returns to Profit in 2010
    Intermodal provider Pacer International eked out a $900,000 net profit in 2010, compared with a $174.8 million loss in 2009....
  • Cochin Strike Ends
    Dockworkers called off their strike at India's Port of Cochin Feb. 9 after the Kerala High Court on Wednesday directed...
  • Jobless Claims Drop to Lowest Since July 2008
    The number of people filing for state unemployment benefits dropped to a two-and-a-half-year low last week, the Labor Department said...
  • Italy Seeks Way to Dispose of Radioactive Container
    Italian authorities are looking for a way of disposing of a container containing radioactive material that has been sitting on...
  • French Dockworkers Suspend Strikes, Resume Talks
    French dockworkers Feb. 10 suspended a six-week-long campaign of strikes after port employers agreed to resume negotiations on union demands...
  • Bollore Eyes Guinea Investment
    The French holding group Bollore is looking to invest $150 million in a dry port in Guinea to ease shipment...
  • DP World Opens Inland Container Terminal in Pakistan
    DP World opened a new inland container terminal in ceremonies Thursday in Lahore, Pakistan's second largest city. DP World...
  • Lufthansa Cargo Boosts January Traffic 17.5 Percent
    Lufthansa Cargo boosted freight traffic 17.5 percent in January from a year ago. The German carrier said the increase,...
  • Air France-KLM Swings to $81.6 Million Cargo Profit
    Air France-KLM's cargo unit swung to an $81.6 million operating profit in the final three months of 2010 from a...
  • Kirby Buys Ship Fueling Operations
    Inland waterways operator Kirby Corp., using its strong financial position to expand its service reach, will buy the ship fueling...

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Containerisation Internationalweb site
FEBRUARY 10, 2011
  • Truck strike nears in South Africa
  • Hapag-Lloyd down in Q4 10
  • ESPO calls for EU port customer views
  • French dockers suspend strikes
  • More Maersk box ships chartered by MSC

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TradeWindsweb site
FEBRUARY 10, 2011
  • BaltEx under fire
    Baltic big guns question exchange's role at the "heart of shipping" amid pressure surrounding delayed FFA platform.
  • Tribe invades Vale railway
    Six miners held hostage in indigenous assault on South American mining giant's operation in Northern Brazil.
  • NOCC pulls the trigger
    Nordic banking giants enter Oslo-listed owner's war room with sights set on $21.5m raid on capital markets.
  • RBG adds four
    UK subsea syndicate sets $4.8m aside for expansion amid order for set of diving support vessels.
  • Statoil taps Transocean
    Norwegian energy giant prepares to pay $427m to lock up drilling rig controlled by Transocean.
  • Jadroplov losses mount
    Croatian boxship and bulker owner posts bigger deficit for 2010 as fleet write-down hurts.
  • Genmar sheds tankers
    Jewel of Georgiopoulos empire chips away at debt after pocketing $18.5m from fresh series of tanker transactions.
  • Cosco clinches car carriers
    Shanghai-quoted heavy-lift specialist makes debut PCC dip with purchase of newbuilding duo from related outfit.
  • Torpedo fished from Channel
    British missile from the 1950s plucked from UK waters near busy ferry route.
  • HHI's sinking regret
    Korean shipyard says sorry after newbuilding boxship on test run hits Russia's Alexandra, killing 11 crew.
  • Tanker hits fishing boat
    Two fishermen thought it was the end as Prisco aframax loomed off the UK.
  • Two hurt as FPSO escapes
    Two Maersk Oil crewmen injured after Gyrphon anchor chains snap during a heavy storm.
  • Navios spies tanker spike
    Angeliki Frangou-led tanker owner counting on uptick in products tanker demand as it sinks to small loss.
  • Boskalis in grounding scare
    Holed utility vessel makes desperate dash for Australian beach as water floods in.
  • Cape owners fight back
    Zodiac and a Japanese operator among the companies refusing charters until capesize spot market improves.
  • Ro-pax breached
    Hull of Acciona's Fortuny torn after hitting side at Valencia due to technical fault.
  • Building lull burns Bergen
    Slowdown in shipbuilding activity hurts Oslo-listed yard in the fourth quarter.
  • Tanker in spill claim
    Herning ship linked to 8km trail of vegetable oil in North Sea by German navy.
  • Solvang scraps tanker
    Oslo-listed owner disposes of 1983-built LPG carrier Clipper Posh.

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American Shipperweb site
FEBRUARY 10, 2011
  • Nadler reintroduces dray truck bill
    Congressman Jerrold Nadler, D-N.Y., has reintroduced a bill that would amend the Federal Motor Carrier Act to allow ports to enact and enforce clean truck programs and implement environmental regulations that are more stringent than federal requir...
  • Jaguar promotes Selter to VP strategy
    Freight forwarder Jaguar Freight Services has promoted Marc Selter to vice president of strategy and transformation. Selter was director of U.S. operations. He has more than 14 years of management experience in the logistics and supply chain indust...
  • Pacer reports 4th quarter loss
    Pacer International reported a fourth quarter net loss of $1.1 million, compared to a net profit of $9.3 million in the same 2009 period. Revenue was $373.3 million in the quarter ending Dec. 31, compared to $420.2 million in the fourth quarter of ...
  • CN plans $1.7 billion capital spend in 2011
    Canadian National Railway said Wednesday it plans to invest $1.7 billion in 2011, including $1 billion on track infrastructure it said would maintain safe railway operations and improve its network's productivity and fluidity. Plans include replac...
  • Global Aviation opens Hong Kong, Germany offices
    Global Aviation Holdings, parent company of North American Airlines and World Airways, has opened sales offices in Hong Kong and in Leipzig, Germany, to better serve the company's international customers in Asia-Pacific and Europe. Todd R. Hildret...
  • Report: Fredriksen not persuing Hapag-Lloyd share
    Shipping magnate John Fredriksen has no plans to buy a slice of the German container line Hapag-Lloyd if it is put on the open market, his aide Tor Olav Troim toldBloombergthis week. Fredriksen Fredriksen owns roughly 15 percent in TUI AG, the Eur...
  • TSA pulls forwarders from screening program
    The U.S. Transportation Security Administration has kicked two freight forwarders out of a voluntary industry security program designed to reduce the expense of screening for cargo on passenger airplanes, a Department of Homeland Security official...
  • Certified Cargo Screening Program

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 10, 2011
  • Mærsk sells more ships to MSC
    A P Møller-Mærsk has reportedly sold another three older container carriers to Mediterranean Shipping Company (MSC). The three vessels in question are Maersk Maine, Maersk Vermont and Maersk Marylund
  • Somali pirates released from Danish warship
    The Danish warship Esbern Snare has released six Somali men, who have been in custody onboard the vessel since December 30, 2010. The men were released as there was not
  • Crude oil tanker hijacked
    The Greek-owned and Greek-flagged crude oil tanker Irene, 319,247 DWT, has been hijacked some 350 nautical miles South East of the Omani capital Muscat, EU Navfor reports. The
  • Wärtsilä appoints new CEO
    Björn Rosengren has been appointed new President and CEO of Wärtsilä Corporation from September 1, 2011. The current President and CEO Ole Johansson will retire. Björn Rosengren has held several

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The Bunker Bulletinweb site
FEBRUARY 10, 2011
  • Fujairah continues to firm
    Avails in Middle East hub are tight for buyers wanting products before February 17.
  • Prices firm in Rotterdam and Hamburg
    Avails tight for prompt deliveries in Hamburg.
  • Fuel leak off Australian coast
    'Emergency response procedures' helped contain the spill.
  • No fuel oil movements through key Baltic terminal
    Ventspils Free Port Authority says cargo volumes down by more than 20%.
  • Pakistan fuel oil demand squeezes markets still further
    Rising demand from Pakistan's power sector set to continue for months.
  • Singapore fuel oil stocks plummet to near seven-year low
    Bulk of western arbitrage volumes to arrive in the second half of February.
  • Bunker prices climb at major ports
    Rising prices in Singapore paper market pushing bunker prices up, says Hong Kong trader.
  • South China fuel oil stocks down
    Estimated volumes lower at 1.80-1.82 million mt.
  • Chemoil's non-executive director resigns
    Raymond Joseph Bartoszek's position will be filled by another representative of the Glencore group.
  • Aegean faces US class action lawsuit
    Suit alleges 'violations' of federal securities law, according to US law firm.
  • Tight supplies ease in Busan
    Local suppliers are now offering sufficient volumes to the bunker spot market, traders say.
  • WFS shareholder increases shares in the company
    Investment management firm now holds 7.81% of stake in the company.

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