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20 February 2020 The on-line newspaper devoted to the world of transports 14:47 GMT+1

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The Business Timesweb site
DECEMBER 19, 2011
Shipping News
  • Russian drilling rig sinks off Sakhalin, 49 missing
    An oil drilling rig with 67 crew on board capsized and sank off the Russian Far East island of Sakhalin yesterday when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.

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Sched Netweb site
DECEMBER 19, 2011
  • MSC surpasses Maersk as top carrier serving US in first nine months
  • Los Angeles enjoys export boom, up 15pc to 195,877 TEU in November
  • November Long Beach import boxes decline 15.6pc, exports down 17.6pc
  • A fragile, buckling Rena weathers 6-metre swells, but holds together
  • New York suffers 3.7pc October import box decline, but exports up 1.7pc
  • Port of Hamburg opens new marketing representative office in Hong Kong
  • Shanxi's Taiyuan city enters into 8-party customs agreement
  • Hong Kong's U-Freight bullish on growth of wine logistics in China
  • Maersk imposes US$150/TEU, $350/FEU congestion charge on Dar es Salaam
  • Evergreen Line starts weekly Vietnam, Malaysia, Indonesia service
  • Mundra renews bid for Chennai terminal to rival DP World, PSA box shops
  • Pakistani box checks to enforce NATO supply ban cripples Afghan trade flow
  • FedEx quarterly net profit soars 76pc, on online shipping boom
  • Brazil okays LAN-TAM merger, would be biggest carrier in Latin America
  • Nigerian aviation officials receives report on 'fraudulent' radar project
  • AF-KLM and IAG laud Europe-Asia growth despite slow November

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Exim Indiaweb site
DECEMBER 19, 2011
  • SCI not in financial crisis: Vasan
  • Shipping confidence picks up despite eurozone fears
  • Shipping cos may get respite if cargo support scheme is introduced
  • Cochin Port proposes mechanised bagging plant for quicker cargo evacuation
  • Dhamra port formally inaugurated
  • It's Dr P. D. Vaghela now
  • Port of Le Havre doubles giant vessel calls on Asia-Europe trade
  • BCHAA completes second series of training programmes
  • ICD-Bawal to usher in new era in logistics management
  • Achieving $ 300 bn export target would be difficult, admits Scindia
  • Govt expects SED earnings on coal despatches to double
  • Over 90K MSMEs sick, Minister informs LS
  • RBI should go in for reversing tightening: Fieo
  • Ashok Leyland wins EEPC export award
  • BBC Chartering facilitates prestigious cosmic project
  • Multitrade Spain ships oil rig equipment to Singapore
  • Nepal hydro power project served by Trans Himalayan Express

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International Transport Journalweb site
DECEMBER 16, 2011
  • Rieck managing director Horst Stiegler leaving
    Horst Stiegler, managing director of the Rieck Holding and of Rieck Projekt Kontrakt Logistik (RPKL) in Berlin, will be retiring at the end of the year. Stiegler, with Rieck since...
  • Dusseldorf airport welcomes Etihad
    Etihad Airways is launching operations between Abu Dhabi and Dusseldorf (Germany) with an Airbus A330-300, beginning with a four-times weekly service which will increase to daily ...
  • Turkish Airlines increases services to Kabul
    Turkish Airlines is increasing its services to Afghanistan, operating its Istanbul-Kabul service five times a week (up from thrice-weekly), with new flights on Wednesdays and Satu...
  • New e-cargo online portal for RCA customers
    Rail Cargo Austria (RCA) is providing its customers with a new electronic service that contains clear and comprehensive information on freight shipments and wagon loads. In additi...
  • Rail expands environmental lead
    In the decade from 2000 to 2010, CO2 emissions from rail cargo dropped by 25% per km. This is shown by the latest figures from the environment and traffic database of the Heidelbe...
  • Expressway construction ongoing in India
    The Indian government has approved construction of 1,000 km of expressways under phase six of a national highway development project (NHDP). Stretches between Vadodara and Mumbai ...
  • Saudi Airlines Cargo earns ISO 9001:2008 certificate
    Saudi Airlines Cargo, which operates twelve full-freighters and sells the belly-capacity on 125 passenger aircraft, has earned a ISO 9001:2008 quality management system certificat...
  • Logwin expanding in China
    The Grevenmacher-based international logistics service provider Logwin is expanding its network in China, opening a new office in Chengdu, a western Chinese metropolis, on 1 Decemb...
  • Gebrüder Weiss adds Czech branch office
    The Austrian forwarding and logistics enterprise Gebrüder Weiss is improving its offering in the Czech market, opening a new office with a cross-docking facility in Jenec, near Pra...
  • Sebastian Jürgens quits HHLA board
    Hamburger Hafen und Logistik AG (HHLA) and Dr Sebastian Jürgens have amicably agreed to end their cooperation per 31 December, on account of incompatible views on the strategic or...
  • Ceva Logistics appoints Martin Thaysen as MD for China
    Ceva Logistics' appointment of Martin Thaysen as MD for China will take effect on 1 February 2012. Thaysen, currently the chief commercial officer of Damco, will be in charge of t...
  • Turkey issues more carnet TIRs in 2011
    The trade and TIR section of the Union of Chambers and Commodity Exchanges of Turkey (Türkiye Odalar ve Borsalar Birligi TOBB) has said that the number of carnet TIRs issued in th...
  • Swedish authorities approve APMT's Gothenburg deal
    The competition authority of Sweden has approved APM Terminals' filing for the Skandia Container Terminal in Gothenburg (Sweden). Project teams from APMT and the port of Gothenbur...
  • Cooperation between Duisport and Abu Dhabi Ports Company
    The Abu Dhabi Ports Company (APDC) has signed a memorandum of understanding with Duisport. The signing was attended by German president Christian Wulff, Mohamed Juma Al-Shamisi, v...
  • Multitrade Spain carries oil rig equipment from Spain to Singapore
    Multitrade Spain, a member of the Cargo Equipment Experts network (CEE), recently arranged the transportation of a levelling tool, measuring 8.8 x 4 x 3.9 m and weighing 73 t with...
  • Michael Kühne may buy more Hapag-Lloyd shares
    The advisory board of TUI AG decided at a recent meeting to exercise its share option and offer them to partners in the Albert Ballin consortium. It was reported that Michael Kühne...
  • CMA CGM and OOCL partners in New Zealand-Far East trade
    CMA CGM will enter into partnership from December with OOCL on its ANZEX service in the New Zealand-Far East trade route. ANZEX will discontinue northbound calls at Port Kelang an...

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Marine Logweb site
DECEMBER 16, 2011
  • Cheniere plans second Texas LNG export terminal
  • World Wide Supply orders four Damen platform supply vessels
  • NSRP funding for five more shipbuilding cost reduction projects
  • Frontline restructuring moves ahead
  • ASRY marks anniversary with investment

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World Wide Shipperweb site
DECEMBER 16, 2011
  • Former Bellingham Port Commissioner receives WPPA industry service honor
  • Rail freight traffic numbers post gains during week
  • Merchant Marine academy vessel to be handed over to Texas A&M
  • Port of Ridgefield business park in line for Fish and Wildlife headquarters
  • Third round of TIGER grants announced by Dept. of Transporation

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Lloyd's Listweb site
DECEMBER 16, 2011
  • Long Beach sees 17.6% decline
    Container trade volumes drop to 460,000 teu after CUT transfers to LA
  • EXCLUSIVE: ABN Amro sees opportunities for European banks in Asia
    But DNB chief reveals one client in five in technical default
  • Reports of $200,000 daily intra-Asia charter rock LNG market
    If confirmed, the deal marks a hike in prices
  • Rule B still alive and well in the US
    While the ruling may no longer be used for practical purposes, it is still kicking around with other important new rulings
  • Competing jurisdictions
    States are keen to promote themselves, but an array of factors need to be considered
  • Are ship arrests the last port of call?
    Claimants criticised for being too hasty, but alternatives are also limited
  • Top 100 2011 correction
    Early version of supplement contained incorrect K Line entry
  • Record Middle East spot cargoes fail to ignite VLCC charter rates
    Fixtures for December loadings total 140
  • The seafarer's secretary-general
    As the IMO bids farewell to Efthimios Mitropoulos, he will long be remembered for his exemplary leadership
  • Asia-Mediterranean box freight rates take biggest hit on weekly SCFI
    Gap between Mediterranean and European routes from Asia is closing
  • SinOceanic refinances vessel with China Exim Bank help
    $29.5m loan facility will be used for ship on charter to Yang Ming
  • IG reinsurance contract set to renew at same rate
    Record has been good for past four years, after horror of 2006-2007
  • China's Shagang Group 'owes $4.8m' to Diana Shipping
    Steel-producing giant becomes latest Chinese name in the frame for charter-hire delays
  • The future isn't what it used to be
    Forecasters have been predicting a gloomy outlook for the industry
  • Clipper sells stake in DFDS
    Reports suggest move is bid to strengthen company's bulk and multipurpose sectors
  • ECT lodges $1.2bn Maasvlakte 2 damages claim
    Hong Kong port firm challenges Rotterdam Port Authority amid fears of cargo exodus
  • Owners withdraw capesizes from demolition market
    Boom in charter rates has seen some companies step back to make quick cash
  • Greencarrier in Nordic expansion moves
    Logistics firm plans Finland and Poland push
  • OPEC to maintain current output
    Fears that oil cartel would cut production prove unfounded
  • Where is the money?
    HNA inks another deal, but its business approach remains a mystery
  • Loges heads for HSH Nordbank
    New leader for ship financing team to join by July 2012
  • Capesize rates to ease ahead of the holidays
    While rally may be ending, brokers still wonder at the resilience of cape rates
  • Vopak adds €50m to pension pot
    Voluntary contribution to employee fund will not affect group operating profit
  • Shipping confidence creeps up
    Moore Stephens report reveals faint glimmers of optimism
  • IG antitrust review faces delays as Brussels appoints new team
    New-year decision looks unlikely despite a two-year investigation
  • Frontline rescue bid off target
    Bank negotiations mean tanker company's financial reconstruction might not happen by year-end

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Fairplayweb site
DECEMBER 16, 2011
  • Diana warns on charter
    CONCERN about counterparty risk is rising after today's revelation by Diana Shipping that a Chinese charterer of the Capesize Houston has halted payments
  • GenMar seeks Chapter 11 shield
    GENERAL Maritime's Chapter 11 plans have been largely approved by a bankruptcy judge in a crucial New York hearing
  • Kirby tops off buying spree
    NYSE-listed Kirby Corp has completed its acquisition spree for this year by acquiring the coastwise product carrier fleet of Seaboats for $42
  • US funds box schemes
    US BOX markets will benefit from expansions funded by a new round of economic stimulus grants announced by the Obama administration
  • Shipping seen gaining some transparency
    SHIPPING is gradually becoming more transparent in using accounting standards, a leading auditor company told Fairplay today
  • SITC unveils leaseback
    CHINA'S intra-Asia liner SITC has sold and leased back a box ship in a deal with a related company, joining other liners that have liquidated tonnage to strengthen balance sheets
  • China's hungry mills spark high
    CHINA'S iron ore imports hit an 11-month high in November, as a 31% drop in spot prices the previous month prompted steel producers to snap up more cargoes
  • Cross-gulf MRs firm
    THE FAST-moving pace of trades across the Persian Gulf is dictating that MR tanker owners cannot go to their holiday parties just yet, brokers told Fairplay today
  • Intra-Asia chemical rates firm
    BROKERS told Fairplay today intra-Asia chemical rates have firmed, with producers rushing to clear out year-end stocks
  • PST wins delisting approval
    THE SINGAPORE Stock Exchange today gave in-principle approval for the delisting of PST
  • Losses projected for RCL
    SINGAPORE securities company PhillipCapital has projected red ink for Thai intra-Asia liner RCL in 2011-12

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The Journal of Commerceweb site
DECEMBER 16, 2011
  • Analysts Say No Asia-Europe Rate Recovery in Sight
    Analysts don't expect Asia-Europe rates to recover in the coming weeks because there is no surge of volume and reduction...
  • US Intermodal Volume Grows 3 Percent
    Intermodal volume for U.S. railroads grew 3 percent year-over-year in the first full week of December, helped by container shipments...
  • Canadian Pacific Names Two Board Members
    Canadian Pacific named veteran railroad executives Tony L. Ingram and Edmond L. Harris to its board of directors, adding substantial...
  • Oakland Officials Urge Crackdown on Occupy Protests
    Oakland City Council members are urging city leaders to prevent protesters from shutting down the Port of Oakland again, but...
  • Maersk Sets Congestion Fee at Tanzania Port
    Maersk Line is imposing port congestion surcharges on all inbound containers handled at Dar es Salaam, Tanzania. The proposed...
  • Ocean Shipping Industry Outlook Improves, Survey Says
    The ocean shipping industry's confidence grew in the quarter ended Nov. 30 despite concerns about vessel overcapacity and the slowing...
  • Lufthansa Cargo Mulls Reducing China Operations
    Lufthansa Cargo is considering a reduction of operations in China, which accounts for a fifth of the company's sales, as...
  • Calm Before the Export Storm
    U.S. exporters are looking forward to a good year in 2012, but they also are somewhat disappointed. If the global...
  • Growing in Spurts
    Few industries face the unique market forces that can affect the flow of trade as agriculture does. Markets can be...
  • A Survival Plan
    Two Japanese semiconductor makers, Elpida Memory and Renesas Electronics, were created through mergers of divisions spun off by other Japanese...
  • Occupied Ports
    Anyone working for U.S. ports, or even generally associated with moving goods in and out of the United States, owes...
  • Paying Double When a Broker Doesn't
    Q: Our Canadian division in Ontario shipped five machines to its customer pickup account in California. The shipment was freight...
  • Asian Auto Production Fuels 3PL Boom, DHL Says
    Asian demand for new cars and increased sourcing of parts from China are fueling a third-party logistics boom in the...
  • Long Beach Container Imports Fall 15.6 Percent
    The Port of Long Beach reported double-digit declines in cargo volume in November, largely because of the loss of a...

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Containerisation Internationalweb site
DECEMBER 16, 2011
  • Rena: two more boxes lost in storm
  • Maersk Line to improve transit times from Asia to Northern Europe
    Maersk Line has announced the following improvement in transit times from Asia to Northern Europe:Shanghai - Zeebrugge: 26 days - ...
  • GE SeaCo takeover completed
    Today sees the takeover of GE SeaCo and its various subsidiaries by the China-based HNA group finalised. The company is now in the process of being renamed Seaco ...
  • US agri shippers capitalise on Colombia/Panama FTAs
    US agricultural exporters are capitalising on the recent Free Trade Agreements (FTA) struck between the US and Panama and Colombia after a US Grains Council delegation ...
  • US/Canada launch border action plan to facilitate trade
    Shippers and carriers will be able to trade more efficiently between Canada and the US after a Beyond-the-Border action plan was launched by the two governments ...
  • More US/China 'sabre rattling' trade wars
    China has imposed a 22% duty on the import of US manufactured large cars and SUVs, alleging 'dumping and improper federal subsidies' in the latest round of the ...
  • China's PMI still in contracting mode
    The bellwether HSBC China Purchasing Managers Index [PMI] edged up in December to 49.0 - from the previous month's 47.7 - but still remained in negative territory ...
  • IMF: spectre of 1930s-style depression
    That was the warning given by the head of the International Monetary Fund [IMF], Christine Lagarde, yesterday after it emerged that other EU countries, in addition ...

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TradeWindsweb site
DECEMBER 16, 2011
  • Street assesses DSX dispute
    Rate revision may be the best way for Diana to preserve lucrative cape contract with Chinese charterer, analyst says.
  • HSH drafts Loges
    German banking giant plunders UniCredit's talent pool in a bid to beef up shipping desk.
  • FRO nears next phase
    John Fredriksen-backed tanker titan makes progress on road to recovery as Frontline 2012 banks $285m in private fundraiser.
  • Diana fights Shagang default
    US-listed bulker owner cries foul as shipping arm of China's largest private steel mill misses charter payments.
  • Bank bleak on key markets
    Tankers, dry-bulk and container shipping not looking good for 2012, DNB's Serck-Hanssen says.
  • DNB not over exposed
    Bank's shipping boss says most of its clients have not been caught swimming naked by the crash in rates.
  • Erria lowers borrowings
    Tanker company's capital increases after Danske Bank and Danish government swap debt for shares.
  • Rem inks charter trio
    Age Remoy-led offshore owner pens three long-term deals worth $600m.
  • Svealand goes aground
    Minor water ingress reported after Norwegian cargoship's progress halted near Teistholmen.
  • Clipper exits DFDS
    Danish ro-ro owner's third-largest shareholder offloads 9.2% holding worth $86m.
  • Vopak pays it forward
    Cash-rich Dutch tank terminals player ploughs extra EUR 50m into country's pension fund.
  • LNG fuels Greek spending
    Its banks may be in the gutter but Greek owners were not shy in 2011 when it came to signing chunky newbuilding cheques.
  • Grounded cargoship spills oil
    Turkish vessel runs aground off France in storm, forming 1km-long slick heading for Brittany's beaches.
  • Coastal tops up orderbook
    Malaysian shipowner and shipyard group lands order for seven vessels including deals from Tidewater.

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American Shipper - Ocean newsweb site
DECEMBER 16, 2011
  • Maersk Daily expands in Europe
    The pending dissolution of Maersk Line's joint big-ship Asia-Europe service with partner CMA CGM has led Maersk to include three new ports in Northern Europe to its Daily Maersk product.
  • Seabury: U.S. container trade more balanced
    Containerized cargo exports from the U.S. will continue to grow more quickly in the next four years than imports, bringing the nation's trade more into balance, said Mathijs Slangen, maritime advisor for the investment banking firm Seabury Group.

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The Bunker Bulletinweb site
DECEMBER 16, 2011
  • Bunker prices mixed as week ends
    Futures lowered on European economic growth concerns.
  • COP17: Proposal to tax shipping not dead in the water
    Andre Stochniol tells Sustainable Shipping that the issue may have been delayed in Durban, but the opportunity is not lost.
  • Kirby Corporation grows offshore tank barge fleet
    Fleet consisting of three 80,000 barrel tank barge units provides additional flexibility.
  • 'No immediate fix' to Gulf of Guinea piracy problem
    Anti-piracy measures have helped but not yet enticing bunker suppliers back to previous STS 'hub' off Benin.
  • Cargo ship leaking fuel off the coast of France
    The TK Bremen is believed to have been carrying around 220 tonnes of fuel.
  • Quiet end to the week in Rotterdam
    Gibraltar 'quite active' as buyers take advantage of recent price falls.
  • Fujairah market softer
    Prices mostly lower across ports in Middle East and Africa.
  • Observers puzzled by Hamworthy Krystallon scrubber statements
    Question how a vessel without a main engine scrubber can be 'future proof' if it were to sail in an ECA.
  • Still uncertainty around North American ECA enforcement
    Regulators have yet to give clear signals on whether ships must use distillates when LSFO is not available.
  • CLIA continues work on equivalent ECA solution
    'Encouraged' after recent meetings with regulators in the US and Canada.
  • Asian IFO prices generally down as week ends
    Average demand at major Asian bunkering ports on Friday.
  • South China's fuel imports to increase 13% in December
    Growth attributed to the expanding bonded bunker business in Fujian province.
  • BP opens bunker storage facility in Brisbane
    Bunker fuel terminal features total storage capacity of 30,000 mt, a dedicated barge wharf and a double-hulled bunker tanker.
  • Troubled Genmar authorised to pay bunker suppliers
    US bankruptcy judge gives final order, capped payment to 'critical and foreign vendors' at $22 million.
  • Lanka IOC 'in talks' to supply bonded bunkers in Trincomalee
    Approval from the local port authority will enable more competitive bunker prices at the port.
  • Brisk demand, cargo delays tighten Colombo IFO avails
    Two major local suppliers have 'sold out' their current stocks, players say.

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