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05 April 2020 The on-line newspaper devoted to the world of transports 16:30 GMT+2

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The Business Timesweb site
FEBRUARY 18, 2011
Shipping News
  • Freight rates seen rebounding 80% in H1
    Freight rates for the largest oil tankers are expected to rebound nearly 80 per cent in the first half of the year, from unprecedented lows in 2010, on rising oil demand, increased Opec supply and piracy concerns, a Reuters poll showed.

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Sched Netweb site
FEBRUARY 18, 2011
  • MSC surpasses Maersk Line as world's top container carrier
  • Drewry box index slips as service contract talks begin
  • Widdows sees good times ahead as NOL returns to profit
  • Los Angeles January imports rise 14.3pc, exports up 12.6pc
  • CKYH to start 2nd Asia US east coast loop via Suez
  • MSC to deploy 18 new 8,800-9,000-TEU wide-beam ships by 2014
  • Cosco increases THC from Dubai's Jebel Ali US$215 per TEU
  • IRISL believed to be seized by pirates off Omani coast
  • HMS Cornwall catches pirates, destroys their gear, but lets them go
  • Safmarine cuts road service to Joburg depot as strike violent mounts
  • Maersk cancels Panama Canal transits fee
  • Pirate-war risk prompts MOL to levy insurance surcharge March 15
  • HK Maritime Industry Council careers this weekend
  • ICTSI begins operating Port of Portland's Marine Terminal 6
  • SharpEye radar said to detect pirate skiff through thick rain
  • Kuehne + Nagel to provide logistics to offshore Norwegian oil fields
  • TT Club, ICHCA, port gear makers unite on cargo handling safety
  • Hong Kong world's fastest-growing air market, China leads globally
  • IATA expects 2014 air cargo to rise 46pc to 38 million tonnes
  • FAA sees air cargo sales rising, travel doubling by 2031
  • Fledgling MidAmerica Boeing plant fears federal budget cuts

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Exim Indiaweb site
FEBRUARY 18, 2011
  • Mercator Lines posts 163 pc jump in net profit
  • Safmarine's new Prime-2 service to provide faster connections from Chennai
  • SRS enters into strategic alliance with AICFWC
  • US mulling global 'trusted shipper' scheme
  • Vas Softwares launches web-based freight management application
  • China's move to raise output may impact iron ore prices
  • Paul Antony takes charge as CoPT Chairman
  • Ro-ro ship reaches Cochin Port
  • Rlys gives partial relief to pvt. box train operators
  • Import costs may go up
  • Industry bigwigs welcome agreement
  • Trade pact with Japan to boost textiles, pharma sectors

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International Transport Journalweb site
FEBRUARY 17, 2011
  • UPS expands Boeing airplane health management to MD-11 fleet
    UPS, which uses Boeing's airplane health management coverage for its B747-400F fleet, is set to expand the scheme to include its MD-11 freighters. Boeing's airplane health manageme...
  • Dachser Switzerland awarded AEO certification
    Dachser Spedition Switzerland, a subsidiary of Dachser, a German logistics service provider with international activities, has been awarded an authorised economic operator certific...
  • Vietnam and Taiwan revise bilateral air service deal
    Taiwan and Vietnam have revised their bilateral air service agreement, allowing fifth freedom rights on up to five weekly cargo flights. In 2006, both sides concluded a bilateral c...
  • Moritz Mittelbach steps down from Rickmers Holding
    Dr Moritz Mittelbach stepped down at his own request as CFO and managing director of Rickmers Holding and of Pacific Holdings International on 31 January. Mittelbach was with the R...
  • Gebr'der Weiss establishes climate-neutral logistics hall in Austria
    The Austrian transport and logistics enterprise Gebr'der Weiss says it has set up the first ever climate-neutral logistics hall in W'rgl (Austria). Investing EUR 2 million in the b...
  • Let 410 cargo plane crashes in Congo
    Both crew members of a Let 410 cargo plane were killed in an accident that occurred recently at Mont Biega (Democratic Republic of the Congo). The airplane, operated by African Air...
  • Vögel Transporte expanding its fleet
    The Austrian enterprise Vögel Transporte is investing approximately EUR 2.5 million in its vehicle fleet. It will acquire 19 low-emissions Euro 5 trucks in March, bringing its tota...
  • Port of Long Beach begins major terminal modernisation scheme
    The port of Long Beach has approved a USD 123 million dredging and wharf building contract that officially launches the construction of the landmark Middle Harbor Redevelopment Pro...
  • Safmarine introduces third direct Europe-India link
    Safmarine Container Lines is introducing a third dedicated service between Europe and the Indian Subcontinent. The company's new Prime 2 service will feature a direct link between ...
  • Logistics manager Walter Maschke founds Maschke Management Consulting
    Walter Maschke recently founded the human resource consultancy Maschke Management Consulting. The Ratingen-based company specialises in services to the German and international tra...
  • Rhine blockage cleared - busy period ahead
    SVS, the Swiss association for shipping and the port industry, has reported that the site of the accident where a vessel capsized near the Loreley on the River Rhine in Germany has...
  • Eurofima remains cautious, net profits down
    Eurofima, the European company for the financing of railroad rolling stock, pursued its cautious lending approach in 2010. Moderate new railway equipment financing of CHF 1.8 billi...
  • Certified transport of draught beer in standard curtainsider semitrailers
    Schmitz Cargobull has presented a load-securing certificate for draught beer transport by curtainsider semitrailers with or without dropsides, offering a high degree of loading and...
  • CER, Unife and EIM's European Railway Award - correction
    On 11 February we reported in the ITJ Daily that the European Railway Award, presented in 2011 to the former Mayor of London Ken Livingstone for political achievements and to Knorr...

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Marine Logweb site
FEBRUARY 17, 2011
  • Judge to Salazar: Speed up deepwater permits
  • Interim Gulf offshore well containment response system is ready
  • Marine insurers welcome new ICS position on arming ships
  • STX Finland to build fisheries research vessel for Namibia
  • Pennsylvania to pump $42 million into Aker Philadelphia Shipyard
  • Maersk Alabama pirate sentenced to 405 months in prison

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World Wide Shipperweb site
FEBRUARY 17, 2011
  • FMC Commissioners vote to cut regulatory costs
  • Kansas governor joins U.S. Tanker Coalition
  • OOCL planning to add Atlantic Gulf of Mexico run
  • Bremerton Port Commission meetings headed back to administration offices
  • Pennsylvania teams with shipyard to build two new oil tankers

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Lloyd's Listweb site
FEBRUARY 17, 2011
  • Fixture flurry boosts outlook for LR1 product tanker rates
    Brisk charter activity this week raises hopes of improvement in rates from levels of W112.9 or $1,658 per day
  • Supramaxes buoyed by tied-up ships
    Rates lifted as Korea Line bankruptcy filing keeps 90 vessels out of spot market
  • Angola to cut April crude exports by 15%
    Angola plans to reduce daily crude oil exports by 15% in April from a month earlier, based on a preliminary loading programme, reports Bloomberg
  • Wuhan Steel signs Canadian miners as BHP ups ore price
    A Chines steel company has signed joint ventures with two Canadian miners against a backdrop of record iron ore prices and tight supplies which saw Australian miner BHP Billiton raise February iron ore prices by 8% to a landed cost of $175 per tonne
  • South American cargoes keep Baltic index rising
    The Baltic Dry Index rose 21 points today to 1,292 as panamax rates maintained momentum
  • Wanted: bank seeks solvent suitor for loan proposition
    Lloyds Banking Group puts its shipping portfolio up for sale but fails to attract any buyers interested in the estimated $8bn-$12bn book
  • Lines leave lessors to take a punt in the great box gamble
    As box trades recover, leasing companies are confident they can overtake shipping lines to satisfy growing demand for containers
  • Triton sale could make sector more transparent
    Existing players in the container leasing sector have broadly welcomed the deal
  • South African gun crackdown threatens anti-piracy efforts
    Keeping security guards' weapons on ships raises risk of arrest in ports
  • Channel Tunnel boosts shortsea market share
    Sees 8% rise in passenger numbers in 2010
  • Rising oil demand to fuel offshore investment
    Growing fleet of offshore development and production vessels will be needed
  • Costamare 'in no hurry' to charter out ships
    Greek boxship owner hopes to cash in on rising rates in charter market
  • Johnson Stevens rebrands after ending IRISL ties
    Agency work will be handled by JSA Global in future
  • Aker Philadelphia secures $42m lifeline
    Yard would be able to begin constructing two tankers for which there are no buyers yet
  • Failed deal to cost Anek Lines $65m
    Ferry operator warns of huge hole in 2010 results
  • OW Bunker profits leap 50%
    Bunker company posts bumper profits for 2010 at $48m
  • Colombia dry canal plan 'no threat' to Panama
    Panama Canal officials say proposal to build 220km rail link not a competition issue
  • Lower rates push Seanergy to fourth quarter loss
    Dry bulk owner posts $2.6m net loss but cautiously upbeat over freight rates outlook
  • Tide turning for shipbuilders
    There needs to be concerted pressure across the board for shipbuilders to seriously investigate options for producing cheaper ships
  • Paying the price
    Shipowners will do well to keep an open ear on what bunker companies are saying as the best way to determine counterparty credit risk
  • LNG-fuelled ships 'cheapest option' for US emissions area
    DNV study reveals savings of up to $12m compared with use of scrubbers or low-sulphur fuel
  • Saga predicts fewer new VLCCs in 2011 than forecast
    Saga Tankers predicts 65 vessels will be delivered, 20% fewer than market estimates
  • STX Pan Ocean dragged down by poor fourth quarter
    Dry bulk operator will expand owned fleet to 151 from 84 by end of 2013
  • US court sentences Maersk Alabama pirate to 34 years' prison
    Court rejects defence pleas for minimum sentence
  • Keppel FELS wins $380m order from Transocean
    Contract is latest in slew of jackup rig orders for Keppel
  • Mitsubishi gets $500m order from Petroleum Geo-Services
    Contract worth $1bn if Petroleum Geo-Services orders two more vessels
  • SBM Offshore partners with Mitsubishi
    Partnership will aid SBM's expansion plans in Brazil

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Fairplayweb site
FEBRUARY 17, 2011
  • Finns flinch over lost deal
    WHEN RCCL signed a ship deal with Germany's Meyer Werft for its Project Sunshine class, the despondency in Finland was palpable
  • US grants tariff break
    REGULATORS in the US have voted to exempt common carriers that do not operate ships from filing rate tariffs, in a move the FMC said will save such NVOCCs up to $200,000 per year
  • BDI rises on Panamaxes
    THE BULLISH impact of rising Panamax rates prevailed over softening Capesize rates today to push up the BDI
  • Aker Philly reveals rescue
    EMBATTLED Jones Act shipyard Aker Philadelphia announced today that it is close to sealing financial support from the state of Pennsylvania to fund two tanker newbuildings
  • Galveston seals box deal
    GALVESTON port officials are pursuing a partnership with Hutchison Port Holdings and Carlyle to try revitalising the Texas port's dormant box business
  • Seanergy breaches covenant
    NASDAQ-listed Seanergy today disclosed unexpected quarterly losses and negotiations with Citibank over a new covenant breach
  • Nothing slow about steaming savings
    TESTING has shown that slow steaming offers significant cost savings for VLCC operators, Oslo's Saga Tankers said today
  • 'Risks still remain' in box market
    RISING demand has done little to protect box shipping from oversupply, BIMCO analyst Peter Sand has warned
  • Rolls-Royce wins China seismic deal
    ROLLS-Royce has won a £20M ($32M) order from SINOPEC, a Chinese energy conglomerate, to design and equip a seismic research vessel
  • Oil spills from ship at Dalian
    FOUR OIL recovery vessels have reportedly been deployed at the Chinese port of Dalian after a spill from a general cargo ship
  • NOL profits fail to ignite shares
    SHARES of Singapore's NOL were generally flat when trading opened today, even though the company unveiled $461M in profits yesterday
  • STX Pan Ocean profits nearly $100M
    SOUTH Korea's biggest drybulk carrier STX Pan Ocean unveiled net profits today of 109Bn won ($97.5M) for FY2010
  • Two Vinashin-tied officials arrested
    TROUBLES continue to mount for Vinashin, Vietnam's government-run shipbuilding group, which effectively defaulted on an overseas loan repayment last year
  • Asian demand lifts NZ ports
    TWO NEW Zealand ports have attributed throughput and profit rises to Asia's hunger for raw materials
  • Keppel shares surge on two-rig order
    SHARES of Singapore's Keppel rose today on the world's biggest rig builder's announcement of a new two-rig contract worth $380M.

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The Journal of Commerceweb site
FEBRUARY 17, 2011
  • Carrier Says Hours Plan Would Boost Driver Pay
    Schneider National would need to increase driver pay by about $3,000 per year "to keep commercial drivers whole from a...
  • FreightCar Cuts 4Q Loss to $3.5 Million
    FreightCar America narrowed its fourth-quarter net loss to $3.5 million from a $5.5 million loss in the 2009 period and...
  • Waterways Council Lobbies for Capital Spending Plan
    Ten months after the Army Corps of Engineers Inland Waterways Users Board adopted a strategic plan for infrastructure construction, river...
  • Ray Greer to Head BNSF Logistics
    Burlington Northern Santa Fe named Raymond B. Greer the first president of its subsidiary BNSF Logistics, effective Feb. 15. ...
  • DOT Eyes Infrastructure Bank to Fund Dredging
    Dredging of U.S. container ports, and other marine projects that aid the intermodal network, might be eligible for some funding...
  • Colombia Truckers Drop Roadblocks
    Truckers in Colombia will stop blocking roads in Bogota but will maintain their strike against a government plan to deregulate...
  • Manufacturing Exports Rose 20 Percent in 2010
    U.S. manufacturing exports rose 20 percent last year, with the top 10 markets accounting for more than two-thirds of the...
  • LA-LB Imports Grew 13 Percent in January
    Combined containerized imports through the ports of Los Angeles and Long Beach grew 13 percent in January over the same...
  • Retailers Forecast 4 Percent Sales Growth in 2011
    The National Retail Federation projected retail sales, excluding autos, gas stations and restaurants, will rise 4 percent this year in...
  • House T&I Committee Approves Aviation Bill
    Congress is taking steps to complete legislation that gives operating authority to the Federal Aviation Administration, after 18 attempts to...
  • DOT Seeks Way to Salvage Fla. Rail Project
    Despite the Feb. 16 decision by Florida Gov. Rick Scott to decline $2.4 billion in federal grants and halt a...
  • ATA Claims Study Undermines HOS Proposal
    The safety benefits of proposed changes to truck driver hours of service rules have been "wildly overstated," the American Trucking...
  • Truckers to Speak Out on HOS Proposal
    Truckers will have a last chance to make their case against proposed changes to truck driver hours of service rules...
  • Costamare Boosts Earnings 57 Percent
    Costamare boosted fourth quarter 2010 earnings 56.5 percent from a year ago and said it is eyeing further ship acquisitions...
  • Maersk Launches India-Europe Service
    Maersk Line will launch service between southeast India and Sri Lanka and northern Europe in early March to tap into...
  • Mitsui Divests Container Terminal Assets in China
    Japanese investor Mitsui divested its entire stake in two container terminal operators in China. Mitsui owned a 1 percent...
  • FMC Streamlines Filing Procedures
    The Federal Maritime Commission is taking the first steps toward making it easier for the public to conduct business there....

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Containerisation Internationalweb site
FEBRUARY 17, 2011
  • Middle East protests continue
  • Fuel supplies and cargo deliveries hit by SA truckers strike
  • ICC: economic climate positive, but protectionism looms
  • Japan, India ink free-trade deal

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TradeWindsweb site
FEBRUARY 17, 2011
  • Horizon in Wal-Mart win
    CEO of US container operator likely breathing sigh of relief as US retail giant drops antitrust claim.
  • MarAd looks local
    Keystone Shipping, Interocean American and Ocean Dutchess sink their teeth into $77m US crewing and maintenance contract.
  • Conoco takes K-Line twins
    Japanese owned offshore firm secures two-year deal for AHTS brace.
  • Seaspan targets ten
    Gerry Wang-led shipowner on the fringe of tapping war chest to order up to ten new boxships.
  • CH saves face
    Singapore-listed owner on the brink of offloading anchor-handler after inking bareboat pact just weeks after a similar deal collapsed.
  • Uljanik drives up earnings
    Tankers and bulkers made lots more money for Croatian owner in 2010.
  • GTB seals boxship shocker
    Jan Haakon Pettersen-led shipping syndicate taps Chinese lender for firepower to launch $310m raid on German containership pair.
  • Safety violations blamed
    Azerbaijan says unsafe working practices caused fatal fire on Caspian Shipping vessel.
  • Clarkson in offshore drive
    World's largest shipbroker values support vessels publicly for the first time as new offshore products are launched.
  • Dry dive dents Seanergy
    Dale Ploughman-led Greek bulker owner reports miniscule profit as dry-bulk woe hits larger fleet.
  • Yard signs for cash
    Aker Philadelphia sells assets to state to fund speculative building of two new tankers.
  • Hornbeck: weakness ahead
    US-listed offshore owner braced for "substantial uncertainty" in Gulf of Mexico as moratorium mashes profit.
  • OW sets record pace
    Danish tanker and fuel company had best ever year in 2010 as profit soared.
  • Grain gripe put to bed
    Argentinean ports strike solved by 70% pay rise hours before deadline.
  • Costamare edges ahead
    Constantinos Constantakopoulos-led containership owner beats Wall Street bets by two cents in the fourth quarter.

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American Shipperweb site
FEBRUARY 17, 2011
  • Alaska Railroad names Leary chairman
    The Alaska Railroad Corp. board on Wednesday elected Linda Leary to chairman. Leary Alaska Gov. Sean Parnell appointed Leary to the railroad's board in October 2009. She replaces outgoing chairman John Binkley, who held the post for 13 years. Leary...
  • Con-way Freight hires yield management specialist
    Less-than-truckload carrier Con-way Freight said it has named John Burton vice president of yield management. He will be responsible for pricing, yield and contract management, and market analysis. Burton was vice president of transportation for AC...
  • ICF out of business
    ICF Intercontainer-Interfrigo SA, which entered into liquidation late last year, is officially out of business, according to a statement released Thursday. Joan Dubaere of Racine & Vergels in Brussels, the ICF shareholder-appointed liquidator, anno...
  • DOT awards $77 million in NDRF contracts
    U.S. Transportation Department on Wednesday announced contracts totaling $77 million for three U.S. maritime firms to operate 10 National Defense Reserve Fleet ships through July 27, 2015. "This money will help make sure these important Defense Re...
  • Pasha to build 2nd ro/ro for Hawaii trade
    Honolulu-based Pasha Hawaii has signed a contract with VT Halter Marine in Pascagoula, Miss., to build a second U.S.-flag roll-on/roll-off vessel for operations in the U.S. West Coast/Hawaii trade. The ship's base price is $144 million and is estim...
  • President's budget proposal fully funds MSP
    President Obama's fiscal year 2012 budget proposal, which was released this week, calls for full funding of the Maritime Security Program at the authorized level of $186 million for 60 U.S.-flag militarily useful vessels. Obama The funding consists...
  • A new sheriff in town sort of
    Liner carrier Mediterranean Shipping Co. has overtaken Maersk Line as the world's biggest single line as measured by fleet capacity, according to a report Wednesday by Containerisation International. The report said MSC, a privately owned line base...
  • Improving truck trailer aerodynamics
    South Carolina-based company BMI Corp., in partnership with the U.S. Energy Department's Oak Ridge National Laboratory, has developed a technology that improves the aerodynamics of long-haul truck trailers and could potentially save the industry mi...
  • Export control reforms
  • Trade facilitation

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 17, 2011
  • Difficult ice conditions off St. Petersburg
    The ice conditions in the easternmost part of Gulf of Finland have turned out to be so difficult that the Russian icebreakers are not capable of assisting all vessels. On
  • Strong krona brings positive net effect on Viking Line
    During the last fiscal year, which exceptionally included 14 months from November 1, 2009 to December 31, 2010, the sales of Viking Line Abp totalled EUR 569.9 million. During

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The Bunker Bulletinweb site
FEBRUARY 17, 2011
  • Fuel tanks compromised on grounded vessel
    Severe weather conditions hamper response efforts.
  • Fujairah bunker market mixed
    Avails reported to be tight for prompt deliveries.
  • IFO prices stable in Rotterdam and Hamburg
    Bunker market quiet in Hamburg.
  • EU urged to rally support for IMO vote on GHG regulation
    Call for countries to ratify MARPOL Annex VI to participate in 'crucial vote' on mandatory measures at MEPC 62 as it will be 'tight'.
  • Termoil welcomes new trader
    Sotiris Delidimitriou has years of bunker industry experience.
  • Experienced trader joins KPI Bridge Oil
    Nick Fuca appointed as bunker broker and trader in company's New York office.
  • Record year for O.W. Bunker
    Reports 50% increase in pre-tax profits for 2010 and 15% increase in volume.
  • General fall in IFO bunker prices at major ports
    Supplies of bunker fuel at key Asian ports mixed on Thursday.
  • Vopak completes sale of stake in Caribbean terminal
    Plans to transfer operatorship of BORCO to Buckeye 'immediately'.
  • Study backs fuel saving benefits of hull coating technology
    International Paint's hull coatings reduce fuel consumption, study shows.
  • Iran's bunker sales lower than projected
    Current figures put annual sales estimates below target.
  • Another US law firm to investigate Aegean
    San Diego-based Robbins Umeda to investigate whether 'false and misleading statements' were made by key personnels from Aegean.
  • Gulf Fuel appoints sales director
    New sales director to head the company's trade department and support the board in implementing growth strategy.
  • Singapore bunker barge operator relocates to new office
    Business 'back to normal' on Wednesday, says director of Hong Lam.

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