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31 March 2020 The on-line newspaper devoted to the world of transports 16:04 GMT+2

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The Business Timesweb site
OCTOBER 20, 2011
Shipping News
  • Container oversupply may last five years
    The container industry may be facing half a decade of oversupply that will curb freight rates as shipping lines launch vessels into a global trade slowdown.
  • Monarch files US$46m claim against Dubai World unit
    Monarch Alternative Capital LP, a New York-based investment company, filed a claim of about US$45.5 million in a London court against Drydocks World LLC as the Dubai World unit works on restructuring US$2.2 billion of debt.

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Sched Netweb site
OCTOBER 20, 2011
  • Transpacific rates fall to US$1,486 per FEU, lowest in 21 months
  • MSC folds Andes loop into CSAV-CMA CGM's Asia-South America service
  • China's third quarter GDP up 9.1pc, slowest growth rate in 2 years
  • Port of Nantong throughput increases 14.5pc in first eight months
  • Hamburg Sud Santa class ship calls at Hamburg bound for South America
  • Yangpu volume up 31pc in 7 months, becomes second largest port in Hainan
  • Guizhou signs customs deal with Shenzhen, Guangxi, Yunnan, Zhanjiang
  • Singapore exports off 4.5pc, but total trade up 7pc in September
  • ICTSI Manila to add eight new RTGs cranes to build up Berth Six
  • MCC Transport charters 1,084 TEU Istrian Express for intra-Asia route
  • US Department of Transportation slows rate of stimulus spending
  • SAMI picks independent assessor for maritime security companies
  • Qantas offer rebuffed, one-hour ground strikes resume on Wednesday
  • Fuzhou airport cargo throughput increases 29pc in first eight months
  • Oman Air launches Europe Asia sea-air corridor with Port of Salalah
  • Alpine Air Express fears US Post loss of air mail to Missoula, Montana

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Exim Indiaweb site
OCTOBER 20, 2011
  • A well formulated SLA critical to logistics contracts
  • Logistics veterans charm students at Geo Institute of Logistics inauguration
  • MFC executes complex project movement from Kazakhstan to Thailand
  • SCAC Consultants & Experts for Experts join forces
  • Sino International 2011 reaches new heights
  • Stop debiting rent from steamer agents' accounts, HC tells CoPT
  • Weakening rupee may hit rubber imports

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International Transport Journalweb site
OCTOBER 19, 2011
  • Railinc upgrades early warning system
    Railinc, a wholly-owned subsidiary of the Association of American Railroads, based in Cary NC, announced an upgrade to the early warning/maintenance advisory system that enhances r...
  • Cuba approves new flight service from New Orleans
    New Orleans international airport has received approval from the Cuban authorities to receive direct flights. This message was conveyed in a letter to the airport director from Cub...
  • Nagoya live on Iata's e-freight
    Lufthansa and Schenker, two large global e-freight movers, have performed the first e-freight shipment out of Centrair airport in Nagoya (Japan), to Frankfurt (Germany). Thanks to ...
  • DHL Aviation signs contract with Globe Air Cargo in Bulgaria
    DHL Aviation has appointed Globe Air Cargo as its general sales agency in Bulgaria. The airline operates daily weekday Boeing B757-200 freighter services from Sofia to Leipzig (Ger...
  • Air France-KLM managing director leaves company
    Only three months after being confirmed in his post, Pierre-Henri Gourgeon, managing director of the Air France-KLM Group, has been forced to vacate his office. This decision has b...
  • DHL Express accredited as excellent van operator by FTA
    DHL Express is the first logistics company in the UK to receive accreditation under the Freight Transport Association's van excellence scheme. Its 1,000 strong fleet was independen...
  • Panalpina opens Ludhiana branch
    Panalpina continues to grow rapidly in India. Only two weeks after opening a branch in Jaipur, Rajasthan, the company has now opened another branch in Ludhiana, Punjab. As one of t...
  • UK rail industry unveils plans for the future
    The rail industry recently published its visions for the development of rail transport in the UK between 2014 and 2019. The full range of investment options includes the completion...
  • ICTSI Manila to get eight new RTGs
    International Container Terminal Services Inc (ICTSI) will take delivery of eight brand new rubber-tyred gantries (RTGs), to support new berth 6 operations at its Manila Internatio...
  • New Loxx general cargo line direct to Kazan
    The German transport company Loxx recently started calling at its seventh destination in Russia, namely in Kazan (Republic of Tatarstan). Departures are on Fridays from Gelsenkirch...
  • Panama Canal sets new record
    The Panama Canal has reached a new tonnage record in fiscal 2011, which concluded on 30 September. Preliminary figures showed that the canal closed fiscal 2011 on 322.1 million t, ...
  • New European logistics network ESLA established
    Four independent companies have bundled their core expertise in the areas of night express and added-value logistics to form a new European network called the European Service Logi...

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Marine Logweb site
OCTOBER 19, 2011
  • $119 million for sub work at Huntington Ingalls
  • Canada selects Irving, Seaspan to build C$33 billion of ships under NSPS
  • Quigley named President of US Fab
  • Order from FMT gets Trinity Offshore back into inland barge building
  • Stena Bulk orders two 170,000 cu.m LNG tankers from DSME

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World Wide Shipperweb site
OCTOBER 19, 2011
  • Suspicious bags force evacuation of sections of Bellingham Airport
  • Café @ Marina to open at Waterfront Center in Everett
  • American Trucking Associations taps England as new chairman
  • Olympia Port Commission meeting to discuss draft budget/CSHI for 2012
  • Port Tracker report predicts gains in import cargo numbers

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Lloyd's Listweb site
OCTOBER 19, 2011
  • Capesize rally offers lucrative lock-ins
    With market uncertainties ahead, owners must decide whether now is the time to secure revenue streams with period charter deals
  • Drivers behind the capesize rally and threats to its sustainability
    Six main points to consider
  • Lines rejig Asia-Latin America loops
    CMA CGM, MSC and CSAV seek greater efficiencies
  • Don't mess with the maintenance budget
    A return to 1980s accountant-driven 'savings' will result in loss of lives at sea
  • Ecsa spreads the word on CO2 emissions regulations
    Ecsa's new president tells automotive logistics firms sulphur emission is 'hottest issue' facing shipping
  • OSG keeps faith with Arntzen
    Chief executive signs up to 2016 to continue through downturn 'with no distractions'
  • Saga exits shipping by selling off last two VLCCs
    Decision to sell, subject to approval at EGM, prompted by bid to secure shareholder value
  • BHP Billiton iron ore volumes push Australian output to record high
    Country's top three miners produce 122.9m tonnes in third quarter, up 25% from first
  • Hopes of boxship charter market improvement by early 2012
    Optimism follows talk of panamax owners exiting negotiations due to overly low rates
  • VLCCs in Middle East helped by positive sentiment in the West
    Rates for trips to Asia finally tick up after stagnation
  • Eagle Bulk slips down handymax owner table
    Chinese companies to dominate market for smaller-sized bulkers
  • Antipodes' Asia box links grow at expense of European trades
    Overall capacity grows but European lanes stagnate
  • Capesize owners warned on strength of China's revival
    Rally in iron ore trades masks underlying slowdown in country's growth
  • US deals raise hopes of recovery
    Obama restates aim to double US exports
  • Banks favour offshore sector
    Syndicated lending for first nine months nears $16bn
  • Tiny harbour, big role model
    Capri sets the standard in fast ferry turnrounds
  • Handymax one-year charter rates head for sub-$10,000 level
    DVB predicts lower prices as newbuilding deliveries intensify competition
  • Wärtsilä upbeat despite third-quarter setback
    Delivery timings hit result but orderbook remains strong
  • Britannia in surprise reduction of deferred call
    Club sets general increase at 5%
  • Shipowners' Club makes Singapore appointment
    New board role flags up loss prevention
  • Efficiencies boost margins for Essar Ports
    Better cost control also adds to bottom line
  • Europe transport links including ports to get $69bn funding from Brussels
    Connecting Europe Facility will be 'catalyst' for further funding from private sector
  • IRISL pulls out of Malta Freeport before 2013 ban
    Move from next month 'a big loss' to transhipment hub
  • South Korea takes heavyweight title
    Yards consistently up quality of their vessels, thwarting China's bid to woo Greek owners
  • DryShips and OceanFreight signal 'vigorous' defence of merger complaint
    Putative class action has no merit, say owners
  • Thome gets new managing director
    Bjorn Hojgaard steps down effective immediately
  • Cargo surge boosts Eurotunnel
    Revenues up as truck and passenger numbers rise
  • Dubai danger
    US hedge fund writ against Dubai Drydocks World raises default fear
  • Exclusive: Yildirim blocks CMA CGM 20-ship order
    Move reveals extent of influence of Turkish stakeholder
  • South Korean yards win half of all global orders in third quarter
    Nation's builders outpace China in high-value orders for boxships and LNG vessels

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Fairplayweb site
OCTOBER 19, 2011
  • Charleston boxes rise 18%
    EXPORTS keyed an 18% surge Charleston's container business in September, but most US ports are bracing for slower growth in that sector
  • Essar Ports leaps 670%
    MUMBAI'S Essar Ports today recorded a 670% leap in quarterly net profits year on year
  • Maersk grabs more VLCCs
    MAERSK Tankers has capitalised on low VLCC freight rates by taking a pair of VLCC newbuildings
  • Wärtsilä's profits fall
    FINLAND'S engineering group Wärtsilä said today pretax profits fell to €83M ($114.83M) in 3Q11, from €140M in the same period last year
  • Ashapura shield assailed
    EITZEN Bulk has asked a New York bankruptcy judge to reject Ashapura's Chapter 15 protections, calling the application a bad-faith ploy to avert debt repayment
  • Drydocks faces $45.5M claim
    DRYDOCKS World of Dubai is facing a claim of $45.5M filed by New York's Monarch Alternative Capital, the investment company told Fairplay today
  • OSG sticks with Arntzen
    NYSE-listed Overseas Shipholding Group has retained Morton Arntzen as president and CEO, disproving rumours earlier this year about a possible management change
  • Subic sanctions rejected
    MANILA has rejected sanctions against Keppel Subic Shipyard in relation to an accident that killed six workers and injured seven others
  • Gas carrier fixes high
    GOLAR LNG, the listed centerpiece of John Fredriksen's LNG activities, said it has agreed principal timecharter terms for a gas carrier
  • EC takes Italy to court
    THE EC has referred a case to the European Court of Justice accusing Italy of failing to comply with a Sardinian aid ruling
  • Asia/East Africa container loops combined
    CMA CGM and Dubai's Emirates Shipping Line today confirmed a box service expansion in the Asia/East Africa trade
  • Drybulk waits rise again
    SNARLS at major drybulk ports have again worsened, with queue numbers rising by 20 ships to total 301 vessels as of 17 October
  • Asian Aframaxes stay put
    HIGHER rates for westbound Middle Eastern crude exports have failed to sway Asian Aframax owners who prefer to stay in the east-of-Suez market
  • BHP iron ore cargoes rise
    MINING giant BHP Billiton said today rail improvements helped boost shipments of West Australian iron ore to records in the most recent quarter
  • Doing time inside the box
    CRIMINALS in South Australia reportedly face prison cells made from old containers, as the state's government today announced plans for a jail extension

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The Journal of Commerceweb site
OCTOBER 19, 2011
  • Rena Insurer to Meet Disaster Obligations
    Mediterranean Shipping said Wednesday it is awaiting word from Rena vessel owner Costamare and a salvage company as the ship...
  • GE Transportation Invests $231 Million at US Plants
    GE Transportation will spend $231 million to upgrade two factories to meet North American and foreign demand for locomotives, mining...
  • Study Says St. Lawrence Seaway Supports 226,800 Jobs
    The release of a study showing the St. Lawrence Seaway system supports 226,800 jobs comes as maritime officials urge New...
  • Panama Canal Fills First Part of New Lock Channel
    A segment of the new access channel to the Panama Canal's new locks was filled with water on Wednesday. ...
  • Japan's Osaka Container Trade Surges 15.2 Percent
    International containerized trade through western Japan's Port of Osaka in the first half of the year surged 15.2 percent year-over-year...
  • ILA Moves Headquarters to New Jersey
    The International Longshoremen's Association relocated its headquarters to North Bergen, N.J., from the union's longtime home in lower Manhattan. ...
  • Werner Enterprises Profit Up 22 Percent
    Werner Enterprises increased net profit 22 percent from a year ago to $29.6 million in the third quarter on a...
  • Shanghai Shipping Exchange President Talks Role in Shipping Market's Future (Video)
    Zhang Ye, president of the Shanghai Shipping Exchange, discusses what role he sees the exchange playing in the future of...
  • Homebuilding Rises, Market Remains Weak
    A jump in apartment construction caused homebuilding to rise at the fastest rate in 17 months, but other data point...
  • CSX Sees 'Modest Growth' Ahead for US Economy
    CSX Transportation looks for the U.S. economy and its rail freight traffic to keep growing "at a modest rate" in...
  • Eurotunnel Revenue Jumps 9.2 Percent
    Groupe Eurotunnel, operator of the undersea rail tunnel between France and the U.K., boosted third quarter revenue 10 percent year-over-year...
  • Russia's TransContainer Traffic Up 9.3 Percent
    TransContainer, Russia's largest rail container operator, boosted third quarter traffic by 9.3 percent year-over-year, partly due to 28.7 percent jump...
  • CMA CGM, Emirates Upgrade Asia-Africa Service
    CMA CGM Group and Emirates Shipping Line upgraded their joint service linking Asia to East Africa by deploying larger vessels...
  • Economist Says US Exports Will Lead Trade Recovery
    The U.S. container trades will bounce back in the long term, and it will be exports that lead the way,...
  • Cargolux Begins Two US Services to Australia, Africa
    Cargolux is launching two new freighter services connecting the U.S. with Australia and the west coast of Africa. The...

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Containerisation Internationalweb site
OCTOBER 19, 2011
  • US import cargo 'back to normal'
  • Salvage work on stricken boxship hindered by storm
  • CSAV: 35,000 slots in lay-up
  • Binational study charges NY State rules jeopardise future of Seaway
  • China growth slows as EU debt crisis threatens

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TradeWindsweb site
OCTOBER 19, 2011
  • Handy owners at risk
    DVB says 2012 will see a significant rise in handymax owners going bust as rates plunge below breakeven.
  • Insolvency upside
    Broker says bankruptcies may help counter tanker tonnage threat as oil majors shy away from cash-strapped owners.
  • Rickmers bets on Bilbao
    German project giant puts Spanish port to the test as heavylift traffic climbs amid Saudi transport contract.
  • Seaboard springs loop
    US operator launches crusade to link Miami to Mexico with new service onboard 1,100-teu boxship
  • Vyborg sells a quarter
    InvestVeritas fund snaps up 25% stake in loss-making Russian shipbuilder.
  • Van Oord nabs contract
    Dutch shipowner bags east European port contract valued at EUR 40m.
  • SCI aframax saved
    Indian warship thwarts attempted hijacking on tanker Desh Rakshak in Arabian Sea.
  • Euronav's bad news for rival
    Oslo and New York-listed Frontline will disappoint the market in Q3 and Q4 if it follows Belgian firm's lead, analysts say.
  • Saga may call time
    Arne Blystad-led tanker owner on the brink of closing its doors after penning pacts to sell its last remaining vessels.
  • Essar Ports profit soars
    Newly demerged terminals division of Indian group made much more money as volumes increased in Q2.
  • Profit slips at PST
    Singapore-listed trust sees profit dip in otherwise solid third quarter results.
  • Tebma seals dredger deal
    Indian shipyard teaming with German engineering specialist Vosta to build dredging vessels at Chennai.
  • ICTS ups port fees
    Container lines making Manila calls will be facing higher charges.

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The Bunker Bulletinweb site
OCTOBER 19, 2011
  • IFO prices firm in Fujairah
    For MGO products, deliveries were available for supply up to and including November 2.
  • Rotterdam prices firm
    Very few barges available as they were tied up in waiting queues, a player reported.
  • Ferry industry still struggling with ECA response
    Conference finds 'no easy answers on fuel and emissions' to cope with 2015 sulphur limit, but also hears arguments for viable solutions.
  • BP takes storage in Fujairah: Report
    Oil major returns to fuel oil trading in region for the first time in over 10 years.
  • Bunker spill: Ship's officers return to court
    Judge refuses request to allow their pictures to be published.
  • Piraeus remains closed to bunker operations
    Bunkering may not go ahead until October 25/26.
  • Bunker operations face new 'risk-assessment' programme
    Environmentalists welcome moves to secure funds for California's Office of Spill Prevention and Response.
  • Engine manufacturer sees growing interest in LNG
    'Interest in LNG, environmentally sound designs and fuel efficiency will remain strong,' says Wartsila.
  • Mid-week IFO prices largely up at major ports
    Supplies of bunker fuel mixed at key Asian ports on Wednesday.
  • Companies claim 'world first' in LNG bunkering
    Product tanker to bunker LNG 'directly via a loading arm at LNG facility'.
  • Tanker company leases two 'super fuel efficient' VLCCs
    Maersk Tankers leases two VLCCs from Cido Shipping on long-term bareboat charter.
  • BIMCO releases EEDI calculator
    Development and verification testing of EEDI calculator now completed, says BIMCO.
  • Japanese shipping firm launches carbon calculator
    Amid increasing public interest in the environmental impact of cargo transport.
  • Tanker market feels 'no impact' from slow steaming
    Overcapacity continues to dominate market as slow steaming is 'not widely' implemented, says Euronav.
  • Fuel pumping operations face further delays
    Poor weather conditions heighten concerns that the vessel could break up.

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