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07 April 2020 The on-line newspaper devoted to the world of transports 18:46 GMT+2

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The Business Timesweb site
FEBRUARY 21, 2011
Shipping News
  • Biggest Iran tanker operator falls victim to EU sanctions
    Iran's biggest crude oil tanker operator, NITC, has said that its ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European Union. Western nations suspect that Iran is seeking to develop a nuclear bomb although Teheran says that its atomic programme is peaceful.

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Sched Netweb site
FEBRUARY 21, 2011
  • Maersk reportedly orders ten 18,000-TEU ships from Daewoo
  • Petrol bomb causes severe burns in South African trucker strike
  • Maersk Alabama pirate gets 33-year term from New York court
  • Singapore expects 4-6pc GDP hike, fears rising inflation
  • Tianjin to add 2.9 million TEU capacity over five years
  • Savannah container volume rises 13pc in January
  • MSC hikes US-Asia rate US$100/TEU, $150/TEU reefer March 15
  • Safmarine to launch new Europe-India Prime-2 service in March
  • Israel Shippers Council loses members in dock labour dispute
  • JFK airport bomb plot mastermind given life term
  • Aviation marks 80th anniversary of first aircraft hijacking - 1931
  • Changi Airport air freight volume rises 4pc in January
  • Qantas to expand its air fleet through mass leasing

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Exim Indiaweb site
FEBRUARY 21, 2011
  • Cargotec to acquire Navis
  • Maersk Lines's new ICON direct service to connect Chennai with North Europe
  • MSC is now world's top box line by capacity
  • Trade seeks more clarity before implementation
  • Russia lifts 5K tonnes of Indian potatoes
  • Aid sought to build berths at Tuticorin Port
  • Bharati plans more shipyards in W. Bengal, Orissa
  • HC stays order on box operations at RGCT
  • MoS mulls PPP model in dredging for Major Ports
  • Multi-faceted operations taking place at New Mangalore Port
  • Professional training a must to develop skilled port personnel: Dr Jose Paul
  • Rlys posts 11 pc earnings growth in Jan.
  • Trans-Siberian Railway moves cargo from Korea to Poland!
  • Bilateral trade target of $ 15 bn possible due to Malaysia pact: Sharma
  • CFI seeks service tax, excise relief for infra projects
  • DMIC to get $9-bn fund
  • Exim Bank extends $ 791-m lines of credit to 3 countries
  • Food inflation at two-month low
  • FTA with EU puts automakers on edge
  • Gold import duty hike likely
  • Infra debt funds to be launched soon: PM
  • More money-tightening measures likely: Rangarajan
  • North Carolina keen to be part of India's growth: Crisco
  • Report on boosting ornamental fish exports finalised
  • High-salaried employees exempt from UK visa cap

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International Transport Journalweb site
FEBRUARY 18, 2011
  • Two new directors for KLM
    Camiel Eurlings and Erik Varwijk are set to join KLM president and CEO Peter Hartman and CFO Frédéric Gagey on the statutory managing board of KLM Royal Dutch Airlines on 1 July 20...
  • Teras Cargo and BBC Chartering form US joint venture
    Teras Cargo Transport (America) and Germany's BBC Chartering & Logistic have created a new joint venture, Teras BBC Chartering Houston, based in Houston TX (USA). The companies...
  • NYK with new Hamburg-New York sprint service
    The Japanese container shipping firm NYK Line is adding another weekly sailing between Hamburg and New York on 13 March, in the framework of its resumed Atlantic Express Shuttle (A...

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Marine Logweb site
FEBRUARY 18, 2011
  • Berlian Laju Tanker gets bank commitments for $685 million term facility
  • Chouest LaShip shipyard project takes a step forward
  • Washington State passenger-only ferries headed for Tanzania
  • Contract awarded for design of new Australian research vessel
  • Somali pirates hijack American yacht
  • Maersk set to announce order for 18,000 TEU containerships

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World Wide Shipperweb site
FEBRUARY 18, 2011
  • Judge's ruling paves way for Everett Marina development
  • Port of Seattle taps Wen as business development boss
  • Washington governor pleased with Coast Guard funding of barge cleanup
  • Box numbers continue to rise at Port of Tacoma terminals
  • Weekly rail freight totals remain on positive side

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Lloyd's Listweb site
FEBRUARY 18, 2011
  • Canal transit tolls too high for larger tankers
    Expansion in 2014 could leave 'little monetary incentive' for tankers to transit the Panama Canal if tolls are set too high
  • Suezmax West Africa-US Atlantic rates gain about to peak
    This week's rates gain on the suezmax benchmark route between West Africa to US Atlantic coast that saw time charter equivalent earnings double to around $20,000 per day may be about to peak
  • China's return to work fails to halt slide in spot rates
    Container spot freight rates on the world's busiest trading lanes are set to fall further this week, in a delayed response the Chinese New Year holidays that closed factories in China earlier this month
  • Iron ore rates march up the hill and down again to $6.72
    Bunker fuel costs, lack of coal cargoes and excess tonnage combine to stifle rally
  • Investment in pipelines to cut Malacca Strait share of China's oil imports
    China's investment in Asian transnational oil pipelines will reduce the country's reliance on oil imports shipped through the Strait of Malacca by 23% by 2015, according to the International Energy Agency
  • US points to 'marriages of convenience' for pirates and terrorists
    US State Department has drawn links between al-Qaeda-linked terrorists and Somalian pirates
  • Singapore unveils further tax incentives
    Island state to encourage shipbuilding and repair
  • IMO advocates central anti-piracy command
    High-level meeting in London to consider unified UN command structure
  • Who are the pirates?
    In Somalia the pirates were, initially, fishermen who were seeking to frighten off foreign fishermen raiding their precious fish stocks
  • Piracy fight stuck in a legal minefield
    The complexities of international law remain a barrier to the apprehension and prosecution of pirates
  • FMC takes steps to relax shipping rules
    Move to lift red tape may save each NVOCC up to $200,000 per year
  • Analysts divided over deal's strategic implications
    It remains unclear whether the Ensco/Pride deal is the start of a merger wave
  • Rig values indicate high bid premium
    A detailed analysis of the Ensco/Pride merger comes from Egle Domataite, oil service analyst at Terra Markets in Oslo
  • Driller merger sparks talk of new wave of consolidation
    Two deals last week came as no surprise: at the high end Pride International was swallowed up by Ensco, while at the low end Seahawk sold out to Hercules
  • Golden Ocean upbeat despite Korea Line exposure
    Dry bulk owner posts $108m profits in 2010, just half $217m in 2009
  • US and Egypt clash over pirates' prosecution
    Wikileaks cables reveal US pressed for pirates to be tried and convicted in Egypt
  • Carnival Splendor returns to service
    Cruiseship en route to home port of Long Beach after undergoing repairs
  • Let fight on piracy begin
    It seems the political inertia in the fight against piracy could finally have been overcome, though translating that into action is easier said than done
  • Lloyds' true value
    The real value of Lloyds Banking Group's shipping loan book appears to be almost impossible to properly ascertain
  • Why Wall Street overvalues shipping
    Volatile nature of industry means long-term investors have mostly left, to be replaced by hedge funds and traders who distort valuations
  • Seacor puts more ships into lay up
    Has 13 vessels cold stacked as Deepwater Horizon clean-up winds down
  • Tanker barge operators seek higher charter rates
    European inland barge sector hit by surplus of double-hulled vessels
  • Ship Finance reveals $75m loan on supramax trio
    Seals $75.4m loan on three dry bulk newbuildings
  • Tui favours IPO in Hapag-Lloyd exit strategy
    Banks reported to have set initial target date for IPO although Tui denies a date has been agreed
  • Courage Marine posts $9m profit in 2010
    Dry bulk company hopeful BDI could return to 'normal' levels in one or two months time

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Fairplayweb site
FEBRUARY 18, 2011
  • SFI eyes container entry
    NYSE-listed Ship Finance International today reported lower profits than expected and a potential expansion into the container sector
  • Study challenges US shortsea net
    BENEFITS from US shortsea shipping have been sharply questioned in a report to Congress
  • DSME, APM in final VLCS talks
    AP MØLLER Maersk is understood to be in final discussions with South Korea's Daewoo Shipbuilding & Marine Engineering about a potential 20-vessel order for the world's largest box ships
  • Golden Ocean sees 'uncertainty'
    BULKER owner Golden Ocean today reported a sharp year-on-year fall in net profits, but fourth-quarter earnings were stable
  • Discharge rule enforcement nears
    NEW US Coast Guard inspections targeting 'incidental discharge' procedures could spur shipping prosecutions after 13 March, law firm Blank Rome has warned
  • Not so fast, Vladimir
    RUSSIA'S antitrust agency confirmed to Fairplay today it had refused Russia's richest man permission to buy the government's 40% stake in Volga Shipping
  • Oil spills in Norway grounding
    AN EIMSKIP box ship is leaking oil after running aground off Norway, the Icelandic company said today
  • KOGAS signs LNG deals
    KOGAS has signed two contracts to buy a total of 2.4M tonnes of LNG to be shipped from the Tangguh project in Indonesia, IHS World Markets Energy reported today
  • Fondshaus sees modest KG rise
    FONDSHAUS Hamburg told Fairplay today that it expects a moderate increase in shipping equity placing in Germany this year after the 2009-10 slump
  • French port talks extended
    NEGOTIATIONS aimed at ending a strike that has been crippling French ports since the start of the year have gone into extra time
  • Courage reveals whopping profits spike
    DRYBULK carrier Courage Marine today unveiled profits of $9M for FY2010 ' a 11,900% spike compared with its $75,000 profits the previous year
  • KL share price tumbles
    KOREA Line shares dropped for the third straight day since its trading resumed on the South Korean bourse
  • Product tanker owners seen struggling
    OWNERS are struggling to reap returns on product tankers in the Atlantic Basin, according to a weekly market report from Fearnleys
  • West Oz prepares for cyclones
    MARINERS, ports and coastal communities in several parts of Western Australia face an anxious wait this weekend as two cyclones gather strength
  • VLCCs rates seen dropping for March
    BROKERS in Singapore told Fairplay today that VLCC spot rates might drop for March liftings, with tonnage expected to rise

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The Journal of Commerceweb site
FEBRUARY 18, 2011
  • USPS Price Increases Take Effect April 17
    The Postal Regulatory Commission notified the U.S. Postal Service that price increases announced Jan. 13 satisfy the requirements of the...
  • Hong Kong Overtakes Memphis in Air Cargo
    Hong Kong International Airport formally overtook Memphis as the world's busiest cargo airport in 2010 with release of the full-year...
  • Norway's GTB Invest Acquires Two 13,100-TEU Ships
    Norway's GTB Invest purchased for $310 million two 13,100 20-foot equivalent unit vessels on order from Hyundai Heavy Industries, less...
  • DP World Cochin Terminal Begins Operations
    The Vallarpadam International Container Transshipment Terminal in India's Port of Cochin began commercial operations Friday, a week after it was...
  • DeFazio Targets Shippers Who Delay Truck Drivers
    Rep. Peter DeFazio, D-Ore., wants shippers to speed truck drivers through their gates or pay the consequences for excessive detention...
  • Railcar Owners Scrap Over 3 Percent of Fleet
    North American railcar owners scrapped a net 3 to 4 percent of cars they operated or held in storage during...
  • Shipper Says HOS Changes Would Hike Transport Costs
    Proposed changes to truck driver hours of service rules would raise transportation costs 1 to 3 percent, one of the...
  • LaHood Gives Florida One Week to Find Rail Options
    Transportation Secretary Ray LaHood is giving Florida lawmakers one week to see if they can salvage a high-speed rail project...
  • French Ports Cut Deal to Avert Strike
    French dockworkers called off their six-week campaign of rolling strikes Feb. 18 after reaching an agreement with port employers over...
  • Railinc's Humphrey on the Changing Railcar Fleet
    Railinc senior analyst David Humphrey, speaking to JOC in Cary, N.C., describes the size of North America's railcar fleet at...
  • A Deeper Impact
    It is a tale of two ports, but it's a story with enormous implications for how U.S. trade will move...
  • Admiralty Law's Role in Release of Shipment
    Q: I just read your Jan. 31 column concerning the international forwarder whose Hong Kong partner/agent is demanding he hold...
  • East Coast Numbers
    The 11 percent year-over-year growth East Coast ports recorded in container trade in the first 11 months of 2010, the...
  • All In for All-Water
    When CSAV announced a new service to the U.S. East Coast through the Panama Canal last month, the Chilean carrier...
  • Budget Lines
    Whether you are looking at a business or a government, there usually is no clearer evidence of priorities than a...
  • LA to Host House-Senate Transportation Hearing
    Los Angeles Mayor Antonio R. Villaraigosa will be a primary witness Feb. 23 before a joint House-Senate hearing intended to...
  • French Port Talks Go Into Fourth Day
    Talks between dockworkers and port employers to resolve a dispute over early retirement entered a fourth day Feb. 18 as...
  • ISO Certifies US Operations of DHL Express
    DHL Express received a multi-site quality management certification from the International Standards Organization for all its U.S. locations. The...
  • Manufacturing Group Predicts 5.5 Percent Growth
    A manufacturers group predicts U.S. factory production will grow 5.5 percent this year and 4.6 percent in 2012, outpacing expansion...
  • Japanese Ship Orders Triple
    Japanese export ship orders more than tripled in January, compared with a year ago. In the 14th consecutive month of...
  • Maersk Reported In $2 Billion Order for 18,000-TEU Ships
    A.P. Moller-Maersk placed a $2 billion order for 10 18,000 20-foot equivalent unit container ships with South Korea's Daewoo Shipbuilding...
  • HOS Proposal No Panacea, Attorney Says
    An attorney for the coalition that won two court victories over recent hours of service rules for truckers says the...

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Containerisation Internationalweb site
FEBRUARY 18, 2011
  • US asks WTO to investigate 'unjustified' Chinese duties
  • Cote d'Ivoire: is this the final straw?
  • SA truckers reject offer and drive on
  • FMC exempts NVOCCs from publishing shipping rates
  • US court fires warning to pirates

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TradeWindsweb site
FEBRUARY 18, 2011
  • Double Eagle dollars
    Seacor has revealed a tidy profit on the sale of two Jones Act tankers.
  • Bigger is better for Rem
    Age Remoy-led owner pushes up operating profit in the fourth quarter as expansion pays off.
  • Dur drops FRO estimates
    Frontline retains 'hold' from Lazard analyst Urs Dur but weak VLCC markets dash earnings forecasts.
  • Opec warning for tankers
    Oil exporter likely to scale back crude loadings this month as winter demand ebbs.
  • Four in the frame for SFI
    New York-listed SFI has tanker, bulker, boxship and offshore buys in mind for 2011 despite Q4 profit slump.
  • Russian ships clash
    Master reports Soyana not seaworthy after it was seriously damaged in smash off Arkhangelsk.
  • CECO still in red as sales dip
    Camillo Eitzen vows to continue company disposals as it cuts costs but still reports loss for the year.
  • Pipavav date slips again
    Herman Billung-led Golden Ocean sees newbuilding delivery delay stretch towards two and a half years.
  • Pressure on Davie
    Bankrupt Canadian shipyard must be solvent to bid for slice of $33bn state shipbuilding pie.
  • Maersk pens mega order
    Danish owner pulls the trigger on long-anticipated 18,000-teu giants, it is claimed.
  • Japan detains 28 ships
    Precious Shipping bulker on January's port state control list over oily water separator.
  • Courage 'cautious' on BDI
    Hsu Chih Chien-led Courage Marine rues current dry-bulk woe but posts full-year profit hike.
  • Fredriksen fires warning
    John Fredriksen's Golden Ocean says anybody, including KLC, who breaks a charter will be fiercely pursued.
  • Ferry fire doused
    No injuries reported as DFDS' Princess Seaways suffers blaze at Odense Steel Shipyard in Denmark.
  • New5 in Numb3rs
    Korea Line VLCCs get the boot from Tankers International, while George Economou picks up a tidy bonus.
  • Godafoss leaks oil
    Listing Eimskip vessel has spilled fuel off Norway after going aground.

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American Shipperweb site
FEBRUARY 18, 2011
  • Corpus Christi sells former Navy property
    The Port Corpus Christi in Texas Thursday agreed to sell its Ingleside facility, the former U.S. Naval Station Ingleside, to Canyon Supply & Logistics. A separate small craft pier and some related property will be sold to Flint Hill Resources. Cany...
  • Portland balances freight movement, livability
    The Port of Portland could be a case study in how maritime engines of commerce are trying to minimize the impact of their industrial footprint to better coexist with citizens in nearby communities. Several projects on the drawing board would improv...
  • FMC ends NVO tariff-filing requirement
    The Federal Maritime Commission has ended the tariff publication requirement for non-vessel-operating common carriers. The commission voted 3-1 on Wednesday to issue a final rule that will relieve more than 3,300 licensed NVOs from publishing in t...
  • Performance Team names Miller retail president
    Santa Springs, Calif.-based third-party logistics firm Performance Team has appointed Andrew Miller to president of retail supply chain. Miller, a 30-year industry veteran, was senior vice president and general manager of West Coast operations for ...
  • Dachser forges South Africa joint venture
    Third-party logistics firm Dachser has set up a joint venture in South Africa. The enterprise employs 133 staff of and offers logistics services in Johannesburg, Cape Town and Durban. Jonen Freight Pty. Ltd. is a privately run logistics company tha...
  • CBP moves to regional command for Arizona
    U.S. Customs and Border Protection has reorganized operations in Arizona into a unified chain of command under which Border Patrol, Customs Field Operations, and Air and Marine branches answer to a single chief instead of their respective internal...
  • Maersk Alabama pirate gets 34 years
    Maersk Alabamapirate gets 34 yearsMaersk Alabamapirate gets 34 years The Somali pirate who was captured by the U.S. Navy in April 2009 after hijacking a U.S.-flag vessel and taking its captain hostage was sentenced in a Lower Manhattan courtroom Wedn...
  • Ga. Tech, MIT expand logistics programs overseas
    Georgia Tech's Supply Chain and Logistics Institute in early September opened a Logistics Innovation and Research Center in Panama to help the government turn the Central American nation into a top-flight intercontinental trade hub. Not to be outdo...
  • Cost savings for importers, exporters
  • Port moves forward
    Portland balances freight movement, livabilityThe Port of Portland could be a case study in how maritime engines of commerce are trying to minimize the impact of their industrial footprint to better coexist with citizens in nearby communities. Seve...

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The Scandinavian Shipping Gazetteweb site
FEBRUARY 18, 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, as an exception, included 14 months from November 1, 2009 to December 31, 2010, Viking Line Abp's sales totalled EUR 569.9 million. In

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The Bunker Bulletinweb site
FEBRUARY 18, 2011
  • Week ends with lower prices
    Crude futures head lower as traders rushed to sell off their March contracts.
  • KPI Bridge Oil opens office in Miami
    Company's fourth office in the Americas.
  • Prices mixed in Fujairah
    Spot prices for 180 cSt available in Durban.
  • IMO scrubbing system guidelines left unchanged
    Agreement at technical committee that it is too early for revision as it could hamper promising technology development.
  • DNVPS takes 'carbon neutral option'
    Fuel testing agency wants to help its customers move closer to carbon neutral operations.
  • Rotterdam market softens
    Avails tight for prompt deliveries.
  • Fuel management system 'designed for ECAs'
    Ship operators will have fuel blended 'to precisely the right sulphur content'.
  • Removing 'nightclub' will generate bunker savings
    Building materials were 'too heavy' to allow fuel efficiency.
  • Scrubber system makers nominated for 'Clean Shipping' award
    Two companies making exhaust gas cleaning systems are finalists for Seatrade Awards 2011.
  • Asian bunker prices mostly down
    Generally sluggish demand at Asia's key bunkering ports on Friday, says traders.
  • ExxonMobil sells high-viscosity parcel at lower premiums
    Easing fuel oil supplies see prices soften.
  • 'Modernisation' of Philippine terminal gets nod
    Terminal to allocate some five hectares for a bunker refuelling station.
  • Grounded ship leaking bunkers in Norway's national seapark
    Containership has about 800 mt fuel oil on board, says oil response team.
  • Singapore fuel oil stocks rebound to two-week high
    Higher arrivals of Western arbitrage volumes this week.

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