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29 September 2020 The on-line newspaper devoted to the world of transports 15:13 GMT+2

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The Business Timesweb site
DECEMBER 21, 2011
Shipping News
  • Oil tanker hire costs rise on pre-holiday bookings
    Hire costs for the largest oil tankers hauling two million barrels of Persian Gulf crude to Asia advanced to the highest level in a week, as oil companies and traders prepared to book ships ahead of the holiday period.
  • Tanker glut to spell losses for shipowners
    The biggest glut of crude tankers in a quarter century means at least another year of losses for Frontline Ltd and Overseas Shipholding Group as the shipping market suffers its worst rout since the mid- 1990s.
  • Drydocks debt revamp almost done
    Drydocks World, a unit of Dubai World, expects to complete its long-delayed debt restructuring by the end of March 2012 and has not asked the Dubai government for financial support, its chairman said on Tuesday.
Strait Talk
  • Challenging times for shipping industry
    GIVEN the unremitting bad news that has been coming in from all directions over the past few weeks, it is a bit surprising to discover that overall confidence levels and the likelihood of major new investments in the shipping industry in the next 12 months has picked up, albeit marginally.

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Sched Netweb site
DECEMBER 21, 2011
  • Hapag-Lloyd drops Oakland and Seattle for Manzanillo, Mexico on PAX loop
  • BIMCO: Box shipping can weather economic storm, but more lay-ups needed
  • Shanghai-Yangshan joins 34 ports with US standard nuke detection devices
  • Fix-rate contracts still the norm, but longer-term indexed deals grow
  • Gansu cargo movement to surpass the 350 million tonne mark in five years
  • Fast growing halal trade becomes focus of joint Malaysian-MIT study
  • Express truck lane open for imported reefer boxes at Manila's MICT
  • Scrap tariff filing, says FMC's Dye - not so fast, say shippers
  • Cargo slump prompts Cathay Pacific to delay delivery of two 747-8s
  • Drewry air cargo rate index rose 14pc high in October, year's highest
  • Jakarta legislator calls Malaysian air deal unfair, wants to end it

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Exim Indiaweb site
DECEMBER 21, 2011
  • TNWA, GA shipping lines create new Far East-Europe alliance
  • 20 lb cotton exported till date: Pawar
  • Coffee exports likely to decline 15 pc this fiscal-Coffee Board
  • All India Major Ports Cultural Meet begins
  • Govt may expedite process of awarding port expansion projects
  • JNPT Chairman outlines path to world class logistics at CTL 2011
  • NMPT welcomes maiden container rake
  • Panel appointed to study cargo handling operations at Chennai Port
  • Port workers' unions demand creation of bipartite wage negotiation panel
  • Radiation Monitor Portals at ports
  • Vallarpadam ICTT connects to China
  • BNP revises India's GDP forecast to 6.5 pc
  • Focus on MSMEs backed by CII
  • Forex reserves fall to $ 306.775 bn; indicate $ 69 m decline
  • Release orders issued for sugar exports

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Marine Logweb site
DECEMBER 20, 2011
  • Tugboat contract for Chesapeake Shipbuilding
  • Pacific Drilling takes delivery of fourth drillship

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World Wide Shipperweb site
DECEMBER 20, 2011
  • Maritime Commerce Club calling for 'Old Salt' nominations
  • Jensen designing tugs for Moran Towing Corp.
  • Hamburg Sud restructuring Eurosal, Europe to America runs
  • Alliances joining forces to serve Far East/Europe trades
  • Mitsui nets first contract to haul LNG from Indonesia

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Lloyd's Listweb site
DECEMBER 20, 2011
  • West of England maintains A-rating
    AM Best to monitor the club's progress
  • Another setback for Solvency II
    Marine insurers share the non-marine industry's frustration
  • Q&A: American Club chief executive Joe Hughes
    On why general increases are justified and why fixed-term premiums have their place
  • More pain, less gain for insurers in 2012
    Premiums static and cover reduced as insurers prepare for a tough new year
  • Telling it straight
    Transparent value estimates could help owners to ease the cost of capital
  • G6 a domino reaction to Daily Maersk
    Shippers broadly supportive of consolidation move
  • G6 alliance boasts biggest share on Asia-north Europe trades
    Gang of Six takes top spot from larger rivals
  • Baltic Sea aframax glut cuts daily spot market earnings in half
    Owners still pinning hopes on an ice season spike but cold snap is not yet on the horizon
  • Höegh to charter out LNG Libra for six months
    Daily rate of $70,000 predicted for the 30-year-old vessel
  • Even Santa needs seafarers...
    Protecting the welfare of those who really deliver the goods must remain a priority
  • An Inconvenient Truth
    More twists and turns than a blockbuster: new-year energy trends will surprise us
  • IMO: No mandate needed but green light welcome
    While measures for tackling emissions have been created by the organisation, these have not been directed by the UNFCCC
  • Europe still looking at its options
    As aviation is drawn into the EU ETS and creates problems, this could have implications on shipping
  • Getting 2020 vision after Durban
    While there remains uncertainty over shipping's role in UN climate change talks, some clear signs are now emerging
  • New Black Pearl partnership in the Americas for MSC and CMA CGM
    Carriers upgrade services between US east coast and west coast Latin America
  • Fuel price increase sparks first-quarter caution at Carnival
    Micky Arison-led cruise major finally begins hedging
  • Grand and New World Alliances form a new Gang of Six
    G6 shores up Asia-Europe presence with 90 ships covering 40 ports
  • MOL wins 10-year Indonesian LNG deal
    Liquefied natural gas to be shipped from Indonesian ports to floating storage facility off Jakarta
  • Outrage after judge accuses German lender of 'reckless disregard for truth'
    Omega Navigation scores Chapter 11 victory over HSH Nordbank
  • BW Gas builds LNG import terminal for its own ships
    Oslo-based company expects to complete $350m project by 2014
  • Moody's downgrades Hapag-Lloyd outlook to negative
    Rating reflects a tough 2011 and gloomy prospects for the industry next year
  • MCA arrests six ships in November
    Seven held from previous months
  • Greek-owned aframax tanker chartered out for three years
    Daily rate appears to show benchmark has lowered
  • Concern mounts over crew on detained cargoship Dyckburg
    Trade union Nautilus and the International Transport Workers' Federation raised fears about outstanding wages and rights to be repatriated
  • MHI built fewer ships but increased tonnage in 2011
    Bleak outlook for shipbuilding income
  • Non-compliance has a cost
    Study reveals some owners are attempting to skirt EU sulphur rules
  • German tramp owners join forces
    Haren-based co-operatives unite players in feeder boxes and in mini bulkers
  • Drydocks World debt restructure will require government approval
    Dubai yard expected to conclude $2.2bn negotiations by March
  • Moody's withdraws PIL's rating
    Move comes at company's request following delisting of Pacific Shipping Trust
  • India's port capacity to top 3bn tonnes by 2020, says shipping minister
    Cargo throughput less than 1 bn tonnes today

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Fairplayweb site
DECEMBER 20, 2011
  • Drydocks World reveals restructuring goal
    DRYDOCKS World said today it expects finally to complete its debt restructuring before April 2012
  • APL seeks tripled LA port lift capacity
    APL WOULD triple its lift capacity at its box terminal in Los Angeles under a port expansion scheme
  • Carnival begins fuel hedging
    CARNIVAL Corp today announced profits in line with expectations and confirmed it has finally begun a fuel-hedging programme
  • Another US LNG export plan revealed
    CHENIERE has confirmed plans to develop a greenfield LNG export terminal in Corpus Christi, marking the sixth US liquefaction plan to emerge
  • G6 seen level with Maersk
    HAMBURG sources tied to one of the carriers in the new G6 alliance told Fairplay today the grouping would draw level with Maersk Line in Asia/Northwest Europe weekly sailing capacity
  • Hamburg Süd switches Europe/Americas services
    HAMBURG Süd today unveiled a major restructuring of services linking Europe, Central America, West Coast South America and the WC North America
  • Ghana tanker exports lift its economy
    TANKERS have transported 23.5M barrels of crude from Ghana's Jubilee oilfield in its first year of production, IHS World Markets Energy reported today
  • Siem sells PSV for $34M
    NORWAY'S Siem Offshore said today it has sold the 2006-built platform supply ship Siem Danis for $34M
  • COSCO, Hamburg Süd swap 8,000teu ship
    BROKERS told Fairplay today COSCO has relet a German-owned post-Panamax box ship to Hamburg Süd at what has been deemed a firm price
  • Prompt cargoes push up rates for Supramaxes
    BROKERS told Fairplay today the rush by charterers to cover their needs before Christmas has edged rates up
  • MOL clinches LNG deal
    JAPAN'S MOL said today it has been selected to transport LNG to a floating storage and regasification unit operated by Indonesian gas company PT Nusantara Regas
  • LNG transport deal agreed
    CHINA Shipping Development has tied up with compatriot oil company SINOPEC Kantons in a deal to transport about 4.3M tonnes of LNG per year
  • Safety issues found in Oz port death
    AUSTRALIA'S transport safety investigator has found several safety issues at Patrick's Port Botany terminal in connection with a man's grisly death last year

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The Journal of Commerceweb site
DECEMBER 20, 2011
  • Ex-Im Bank Posts Third Straight Record Year for Exports
    The Export-Import Bank of the United States posted its third straight record year in 2011 for financing exports from U.S....
  • GAO Says Ports Left $1.3 Billion in Security Grants Unused
    Ports spent only 23.6 percent of $1.7 billion in port security grants that the Department of Homeland Security awarded between...
  • CSX to Start Service at APM Terminal Portsmouth
    CSX Transportation said it will start on-dock rail service at the Virginia Port Authority's APM Terminal in Portsmouth on Jan....
  • South Carolina Suspends Funding for Jasper Terminal
    The South Carolina State Ports Authority on Tuesday suspended funding for its joint project with the Georgia Ports Authority to...
  • First Rail, Ocean Carriers Share Manifest Data With Customs
    OOCL and Canadian National Railroad this became the first two carriers of their respective industries to share their manifest data...
  • Moody's Downgrades Hapag-Lloyd Outlook to Negative
    Moody's has changed its outlook for Hapag-Lloyd to "negative" from "stable" after the German carrier had a "weaker than expected...
  • CMA CGM, MSC Relaunch North-South Americas Loop
    CMA CGM is relaunching its Black Pearl service between the U.S. East Coast and the west coast of South America...
  • JFK Cargo Tumbles 9.4 Percent in October
    Cargo traffic at New York's Kennedy International Airport fell 9.4 percent in October, the steepest year-over-year rate of decline so...
  • Hamburg Sud Restructures Europe-US VSAs
    Hamburg Sud will restructure many of the joint vessel-sharing agreements it operates with other carriers on the trade lanes from...
  • GLP, CIC Buy Japanese Logistics Facilties for $1.6 Billion
    Singapore-based Global Logistic Properties and China Investment Corp. will buy 15 logistics facilities in Japan from LaSalle Investment Management for...
  • Shipping's New World, Grand Alliances to Merge Asia-Europe Services
    Members of the New World and Grand alliances, moving to match the expansion of larger rivals, said Tuesday they will...
  • Sri Lanka Port Receives its Largest Container Ship Call
    The Port of Colombo received a call this week from the APL Chongqing, the largest container ship to call on...

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Containerisation Internationalweb site
DECEMBER 20, 2011
  • Hamburg Sud to restructure Europe-American services and foster closer relationship with Hapag-Lloyd
    Hamburg Sud is to revamp its European-America's liner network and in so doing will add more capacity to/from the northern Europe-west coast South America (WCSA) ...
  • Rena: more boxes removed as fishing ban lifted
  • Messina takes delivery of 'Jolly Diamante'
    Genoa-based Messina Line, which focuses its liner services on the Mediterranean trades to/from Africa, the Red Sea and the Middle East has taken delivery of its ...
  • Bahrain's KBSP sees past torrid year to commodities-led future
    The APM Terminals-managed Khalifa Bin Salman Port (KBSP) in Bahrain will grow on the back of rising aluminium, petrochemicals and Saudi Arabian trade, said Simon ...
  • LA moves forward with port expansion plan
    The port of Los Angeles (LA) has taken a further step towards its planned expansion and improvement of its APL terminal after issuing an environmental report.Alongside ...
  • GA boosts capacity on transatlantic
    The Grand Alliance (GA) members Hapag-Lloyd, NYK and OOCL, along with Zim and Hamburg Sud are taking advantage of the steady volumes in the transatlantic and upgrading ...
  • GA and NWA combine forces again in Asia/Europe tradelane
    The Grand Alliance and New World Alliance have decided to join forces again in the tradelane between Asia and Europe. Starting in April, OOCL, Hapag-Lloyd, NYK, ...
  • CMIT welcomes Vietnam's largest ULCS
    Yesterday [December 19] was a watershed day at the Vietnamese, Vung Tau Province, AMP Terminals [APM T]-managed Cai Mep International Terminal [CMIT] when it received ...
  • G20 countries not so open for trade

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TradeWindsweb site
DECEMBER 20, 2011
  • Carnival's commitment
    Micky Arison-led cruiseship giant poised to beef up fleet while rewarding investors with cash despite fourth-quarter dip.
  • Sevan accepts fine
    Teekay-backed FPSO operator torpedoes plans to appeal findings of probe tied to delayed disclosure of "inside information".
  • Moody's slashes HL outlook
    Ratings agency brands German containership giant with "negative" tag amid bleak 2012 forecast.
  • Carnival cut by costs
    US-listed cruiseship owner sees costs squeeze quarterly and full year profit but says the outlook is brighter for 2012.
  • STX PO bulker detained
    A shortage of soap and cracks and corrosion all contributed to the holding of South Korean vessel in the UK.
  • Winland inks holiday COA
    Christmas comes early as OTC-quoted bulker owner lands $7.6m contract to transport 'hot' commodity.
  • Danske completes Erria swap
    Bank takes near 20% stake in Danish tanker owner after debt for equity exchange.
  • BW Gas in LNG tie-up
    Andreas Sohmen Pao-led gas shipper will develop an LNG terminal in the Dominican Republic alongside a local energy company.
  • Price pain for container sector
    DVB tips boxship newbuilding and second hand values to feel the squeeze in 2012.
  • Stopford measures the storm
    Clarksons guru recons blustery crude market has a way to go before it can be compared in the same breath as the 1980s depression.
  • Diana deal no turkey
    New York-listed boxship owner's pre-Christmas shopping spree will deliver higher dividend next year, says RS Platou Markets.
  • Siem cashes in PSV
    Oslo-listed owner disposes of spot-trading vessel with a batch of the cash used to repay debt.
  • Drydocks to ink debt deal
    Khamis Juma Buamim-led shiprepair outfit is confident of sealing a refinancing package with banks by the end of March.
  • Boxship boys in new alliance
    APL, HM Marine and MOL consortium gets into bed with Hapag Lloyd, NYK and OOIL syndicate.
  • Sevan ponders options
    Oslo-listed rig owner wants more time on two pencilled in rigs at Cosco, report says.
  • OSG trims payouts
    Morten Arntzen-led tanker owner approves double-digit reduction of chairman's retainer under crusade to cut costs.

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The Bunker Bulletinweb site
DECEMBER 20, 2011
  • Tug pushing fuel barge safely under tow
    Ensuring the continued safety of the crew and the maritime environment in the Gulf of Alaska.
  • Namibia 'failing to regulate offshore bunkering'
    Government could be 'losing millions of dollars in revenue.'
  • Increasing energy efficiency in offshore shipping
    Acknowledging that synergies between energy efficiency and environmental impact will be a competitive advantage for the partners.
  • European bunker prices climbing
    Piraeus 'very busy'.
  • Fujairah market firming on Tuesday
    IFO and MGO prices climb.
  • On-spec material expected in East Asia in January
    Fuel oil arbitrage volumes could come in at three-month high.
  • Anti-whaling group faces tax bill for bunker fuel
    Sea Shepherd says Australian government is being 'passive aggressive.'
  • BAF calculation to 'reflect slow-steaming'
    Maersk Line says new Standard Bunker Adjustment Factor will be more transparent.
  • Bunker prices largely firm at key Asian ports
    Supplies mostly tight on Tuesday.
  • Singapore MGO, IFO supplies tight
    MGO supply shortage 'worst for the year', says local player.
  • 'Significant' safety challenges may arise from Turkish sulphur ruling
    New regulation will require vessels to use 0.10% sulphur fuel when calling at Turkish ports from January 1, 2012.
  • Tanker flat rate in 2012 to rise on higher bunker costs
    Sample of benchmark trades shows average Worldscale flat rate for 2012 some 20% higher than in 2011.
  • US Coast Guard to investigate use of biodiesel fuel
    Cooperative research and development agreement proposed with Cummins Inc.
  • Maersk Oil Trading manager joins Chemoil
    Nielsen will identify and develop global strategic sourcing arrangements, says Chemoil.

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