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05 April 2020 The on-line newspaper devoted to the world of transports 15:09 GMT+2

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The Business Timesweb site
SEPTEMBER 22, 2011
Shipping News
  • Tanker glut shrinks on demand
    A glut of supertankers seeking to load crude from ports and terminals in the Persian Gulf shrank amid speculation that demand for cargoes heading west may increase.
  • Capesize rents fail to rally on vessel glut
    Rents for capesize ships that haul iron ore and coal may fail to sustain a rally because of a glut of vessels, according to Clarkson Research Services Ltd.
  • S'pore is Britons' 3rd hottest cruise destination: poll
    BRITISH cruise-takers have named Singapore as their third favoured destination, alongside their perennial Mediterranean favourites, Barcelona and Rome.
  • Tanker market players mulling mergers
  • Dry bulk market weak till 2013

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Sched Netweb site
SEPTEMBER 22, 2011
  • Nhava Sheva congestion prompts Hapag-Lloyd to cut call, diverts to Mundra
  • APL's volume up 8pc but revenue per FEU drops 20pc in four weeks
  • Cosco, ship manager must pay US$44.4 million Frisco oil spill fine
  • MISC scraps Far East calls on its intra-Asia Halal Express
  • Panama pilot-ILWU pact raises spectre of inter-continental disruption
  • InterManager votes for freedom of choice on armed guards to fight pirates
  • Chongqing bonded port area transshipments to hit 60,000 TEU this year
  • Greencarrier opens in Ningbo, Xiamen, looks to Dalian, Qingdao next
  • Huanghua port begins building first container vessel berth
  • Xinjiang plans to build 76,000 kilometre of highways in five years
  • Maersk-Rickmers to provide US-flagged service for heavy lift cargo
  • US truck index falls again, but export freight flows to LA-Long Beach
  • Execs indicted for mail fraud, record manipulation exporting e-waste
  • US to grant Indonesia US$600,000 for railway signal plan
  • Shell tests new marine oil to cut costs in face of strict eco laws
  • Air China Cargo launches Shanghai-Hong Kong service
  • United Parcel Service to build an express service centre in Chongqing
  • JAL cargo volume continued to fall in July - 56.5pc to 20,411 tons
  • US House panel to re-think Senate vote cutting Missouri China hub prospects

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Exim Indiaweb site
SEPTEMBER 22, 2011
  • APM Terminals wins 2011 Global Safety Award
  • Kottayam Port & Container Terminal to commence operations on October 18
  • NACFS seminar on opportunities & challenges in CFSs, ICDs today
  • Nasik's Ojhar airport goes operational for air cargo services
  • Govt lifts onion export ban, fixes MEP at $ 475/t
  • IMF cuts Indias GDP forecast to 7.8 pc, expects US, Europe to slip back into recession
  • India attracts FDI worth $ 13.44 bn in Q1
  • Rate hikes wont be passed on
  • Upgrading by producers may make India net steel exporter

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International Transport Journalweb site
SEPTEMBER 21, 2011
  • Boeing delivers fifth Globemaster to RAAF
    Boeing last week delivered Australia's fifth C-17 Globemaster III airlifter to the Royal Australian Air Force (RAAF) during a ceremony at the C-17 programme's final assembly facili...
  • British government and Russian Railways to cooperate
    The Russian Railways and the British government have signed a memorandum of understanding which envisages cooperation in the upgrading of railway stations in Russia between 2013 an...
  • Europorte and Trenitalia in partnership
    The Italian rail operator Trenitalia and Europorte, part of the Eurotunnel Group, have concluded an agreement establishing an international railfreight link between France and Ital...
  • Halfords Autocentres joins 1link Service Network
    Halfords Autocentres has signed up to the 1link Service Network as a supplier of service and maintenance for light commercial vehicles up to 3.5 t. The company, which has 244 centr...
  • First Japanese open-skies deal with non-Asian country
    Japan and Canada last week concluded bilateral talks in Vancouver which will liberalise air traffic between the two countries. The open-skies agreement is due to come into effect i...
  • Iata predicts tough airfreight future
    The International Air Transport Association has released a new industrial forecast, based on the fact that airfreight has stagnated since the start of the year. Iata slashed its fu...
  • TNT Express boosts road haulage between China and Southeast Asia
    TNT Express is making it easier to ship products by road between China and Southeast Asia. The company has successfully integrated of its Chinese day-definite domestic road network...
  • DB Schenker opens new logistics centre in Italy
    DB Schenker has opened a new logistics centre that combines rail and road activities in Dinazzano in northern Italy. The new handling hall is located directly next to a Schenker It...
  • ProLogis leases warehouse space in Brazil
    Logistics property developer ProLogis has signed a lease in Brazil for a 310,000 sqft facility with a leading Brazilian retailer. Luis Gutierrez, ProLogis' president for Latin Amer...
  • Exel to build large Laredo DC
    Exel, the North American contract logistics unit of DHL Supply Chain, will build a 250,000 sqft distribution centre in Laredo TX, to serve as a hub for shipping across the US-Mexic...
  • Barig elects executive committee members
    The members of the Board of Airline Representatives in Germany (Barig) have re-elected Christine Alig, an Austrian Airlines manager, to its executive committee. The Barig chairwoma...
  • ATIC Services buys Morski Terminal Masowy Gdynia
    The French group ATIC Services, a European logistics leader, is acquiring the Morski Terminal Masowy Gdynia (Poland) from Zarzad Morskiego Portu Gdynia, signing a thirty-year lease...
  • Ketchikan Shipyard selected for new Alaska class ferry
    Alaska Ship & Drydock (ASD), the operator of the state-owned Ketchikan Shipyard, has been selected as the construction manager/general contractor for the new Alaska class ferry...

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Marine Logweb site
SEPTEMBER 21, 2011
  • Italian Navy rescues crew after fleeing pirates set ship on fire
  • MWCC adds Aframax tanker to expanded containment system
  • MOL LNG Transport Co. installs KVH TracPhone satcoms on three ships
  • Divex gets Carbon Trust support for Launch and Recovery System
  • Rosneft Marine deploys new bunker tanker in Murmansk

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World Wide Shipperweb site
SEPTEMBER 21, 2011
  • TSA shifting leadership to new executive committee
  • Chinese transport delegation makes visit to Port of Seattle
  • Crowley Maritime expanding British Virgin Islands service
  • Jerry Bridges selected as new AAPA board chair
  • APL named top shipping line at Lloyd's List global awards event

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Lloyd's Listweb site
SEPTEMBER 21, 2011
  • Greek modernisation goes on
    Fleet analysis shows continuation of recent trends towards larger companies and ships and drop in average age
  • All you ever wanted to know about freight derivatives
    Latest volume from well-known academics blends theory and practical coverage of the market
  • Japan carmakers back on track but Europe may take longer
    Economic storm brings new challenge to Europe's auto producers and car carriers
  • Europe's ro-ro sector suffers yo-yo effect
    Recession, bounceback, then tsunami make for volatile big-dipper ride for car carriers
  • With pain comes new opportunities for Greece
    The government's privatisation programme aims to raise €50bn in the near-medium term just as many smaller and medium-sized companies are looking at markets abroad for the first time
  • Athex keeps faith with shipping quest
    Greece's stock exchange is about to play a key role in raising desperately-needed cash for the near-bankrupt state. When the financial dust has settled, perhaps the time will arrive for the country's shipowners to test its credentials
  • Maths@Sea course is calculated to help
    The Marine Society has found the perfect formula for ratings aiming at first officer of the watch certificates
  • Powerless to help
    Crew managers say more should be done to effect the release of hijacked seafarers
  • Tebbutt case should focus attention on all hostages
    Why are some piracy victims more equal than others?
  • TSA confirms new 'collective' leadership structure
    Six executives to form committee that reflects more diverse membership
  • Seaspan in talks with yards on 18,000 teu ship orders
    Containership owner also eyeing the VLCC sector
  • Two-tier VLCC market develops in Middle East
    Rates edge up for modern ships while older ships struggle as competition intensifies
  • Seaspan branching out
    Seaspan's Gerry Wang argues more efficient VLCCs should replace the fuel-hungry vessels now in service
  • Record year in the making for steel production
    Growing demand from Chinese mills set to raise capesize rates
  • Greeks signal caution on tankers as deals dip sharply
    Broker reveals 16 vessels contracted this year so far compared to 59 in same period last year
  • Maersk Line pays $9,500 a day to charter 3,400 teu boxship
    Deal for ER Melbourne marks new low in faltering charters market
  • US ransoms ban to create 'two-tier system'
    Some owners would still pay pirates to have crews and ships released while others could not, warns Richard Neylon
  • Shipmanagement bosses 'helpless' over hostage talks
    Pirates hold V.Ships and Anglo-Eastern crew, but negotiations are with owners and insurers
  • Bunker costs set to rise
    Reduced Russian fuel oil production to tighten supply and push up bunker costs
  • Back in the red
    Freight rates on the Far East-North Europe trade has dropped back to loss-making levels
  • CMA CGM and Freightliner team up for new Asda service
    Containers will be moved between Southampton and northeast England by rail
  • Dongfang posts $3.7m loss and warns of weak outlook
    AIM-listed Chinese yard has had no new orders since June
  • A novel benchmarking tool
    STX Pan Ocean bought a bank to get a better view of the price of money in ship finance
  • STX valemax ready to go
    Delivery of first of eight 400,000-tonne vessels built at STX yard to take place next week
  • STX Pan Ocean girded against long dry bulk slump
    South Korean shipping giant reels in long-term contracts and focuses on fleet efficiency
  • LNG demand could ultimately disappoint, warns Tokyo Gas
    East-west price gap must narrow and the global economy must find firm ground, says vice-president Takeuchi
  • MISC downgraded by Moody's
    MISC downgraded and BW Maritime's rating outlook cut by Moody's, while Standard & Poor's revises Hapag Lloyd outlook to negative
  • To the extraordinary
    Shipping will never be easy, but its direction will be sure as long as it continues to produce its unique roster of individuals
  • Jim Davis reveals a view into shipping's financial abyss
    The winner of the Lifetime Achievement Award and IMIF veteran warns that over-ordering has all 'the ingredients of the Mad Hatter's tea party'
  • Lloyd's List Global Awards 2011 ' The Winners
    Gerry Wang wins Newsmaker of the Year

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Fairplayweb site
SEPTEMBER 21, 2011
  • Canary in the coal mine?
    US-based Alpha Natural Resources today announced a surprise pullback in demand among Asian buyers of met coal used in steel production
  • Marinakis wins vote
    EVANGELOS Marinakis has sealed the takeover of his Crude Carriers public company by sister Capital Product Partners with a successful shareholder vote
  • Batam yard reopens after fight
    PT NEXUS Engineering's shipyard in Batam, Indonesia has reopened today (21 September) following a fight that shut the facility yesterday
  • VLCC rates remain stagant
    THE number of VLCCs open for fixing at the Arabian Gulf over the next 30 days has exceeded 100 again, according to analysts today, leading to stagnant spot freight rates and low levels of trading
  • Congestion up at dry bulk terminals
    WAITING times in drybulk ports edged up for the third straight week, with the queue in Tubarao almost doubling to 21 vessels since 5 September
  • Box carriers won't see golden age again
    THE golden years of container shipping have come to an end due to container lines' appetite for new tonnage, said Macquarie Research's shipping analyst Janet Lewis
  • Misconception delays new fuel take-up
    A LEADING fuel analyst told Fairplay today that "suppliers' misconception" lies at the heart of the low take-up rate of the 2010 standard of the ISO:8217 marine fuel specification
  • Moody's downgrades BW credit rating
    MOODY'S Investors Service today downgraded tanker and offshore specialist BW Group from "stable" to "negative", citing the depressed VLCC freight market
  • Capesize rates expected to drop
    BROKERS told Fairplay today that tight tonnage availability in the Atlantic that buoyed recent Capesize rates is unlikely to last due to the arrival of more ballasters from the Pacific
  • Costamare adds to box fleet
    BOX SHIP owner Costamare bought two secondhand vessels from MSC for a combined $90M in a purchase/time charter deal

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The Journal of Commerceweb site
SEPTEMBER 21, 2011
  • Rail Stocks Fall After Two Coal Firms Cut Outlook
    The stock prices of several major railroads and railcar suppliers tumbled substantially more than the overall market did on Wednesday,...
  • Prioritzation Plan for Inland Water Projects Pitched
    Creating a project prioritization plan and charging operators lock fees to prevent the further deterioration of the inland water system...
  • ABF Freight President Kemp to Retire
    Wesley B. Kemp, the president and CEO of ABF Freight System, will retire Dec. 31 after more than 40 years...
  • Lidinsky To Ask FMC To Study Prince Rupert
    Federal Maritime Commission Chairman Richard A. Lidinsky Jr. plans to ask the agency at its Oct. 5 meeting to launch...
  • Highway, Port Groups Praise Funding Vote
    Highway and port groups applauded a vote by a Senate Appropriations subcommittee that maintains highway funding in the face of...
  • Damco Flies 52-Ton Compressor From India to Berlin
    Damco Airfreight recently transported a 52-ton compressor from India to Berlin via an Antonov 124, the world's second-largest operating cargo...
  • Guido Bart, Former Matson Executive, Dead at 87
    Former Matson Navigation Co. and APL executive Guido Bart died Sept. 16 in Santa Barbara, Calif., at the age of...
  • Kuehne + Nagel Adds Shanghai-Guangzhou Link
    Logistics provider Kuehne + Nagel established a thrice-weekly highway service linking Shanghai and Guangzhou and said it is adding depots...
  • Pacific Carriers to Lead TSA Collectively
    The Transpacific Stabilization Agreement shifted its leadership structure from a single chief to a six-member executive committee, as the 15-Pacific...
  • Schneider Logistics Offers LTL Shippers 'Shared Ride'
    Schneider Logistics is offering shippers an integrated delivery service that it says can cut transportation costs for certain types of...
  • Drewry Rate Benchmark Slips 5.6 Percent
    Asia-to-U.S. spot rates tracked by Drewry Shipping Consultants' weekly index slipped 5.6 percent this week to $1,561 per 40-foot container...
  • EU OKs Bailout of Shipping Lender HSH Nordbank
    European Union regulators approved a $41 billion state-funded bailout for Germany's HSH Nordbank, the world's biggest shipping bank. In...
  • S&P Downgrades Hapag-Lloyd Outlook
    Standard & Poor's revised its outlook for Hapag-Lloyd from "stable" to "negative" but confirmed the German ocean carrier's BB+ credit...
  • Japan Posts First Post-Quake Export Growth
    Japan's exports grew for the first time in August on a year-over-year basis since the catastrophic earthquake and tsunami hit...

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Containerisation Internationalweb site
SEPTEMBER 21, 2011
  • Hapag-Lloyd credit rating reduced
  • DPFZW refinances
  • Pritzker family sells some of its shares in IAS
  • Le Havre to get VBS
  • Clean Truck Programme launched at Boston's Conley terminal

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TradeWindsweb site
SEPTEMBER 21, 2011
  • AET nears next phase
    Malaysian tanker owner advances in modular capture project as aframaxes hit the water.
  • SinOceanic hunts cash
    Board member bounces as Jan Haakon Pettersen-led ship financier pursues "opportunities" with Nordic lender.
  • Carnage continues
    Moody's takes "negative" stance on BW Group ratings as credit agents digest and respond to market crisis.
  • Erria sees upswing
    Danish owner feeling positive on chemical tanker market heading into the final three months of 2011.
  • Greens sight bulker
    Former Sea Pioneer-owned ship draws attention of environmentalists who cry foul on asbestos.
  • Riot? What riot?
    Indonesian steel yard back to normal after outbreak of fighting forces a day's closure.
  • Aussie tax row
    Concessions to domestic shipping companies could set dangerous precedent, shadow transport spokesman says.
  • Mermaid CEO to quit
    Singaporean offshore services operator loses top exec but makes new hires.
  • Pirates start ship blaze
    Cyprus Maritime vessel set alight by frustrated pirates after unsuccessful hijacking attempt.
  • Tanker hit-and-run
    Two fishermen missing after unidentified vessel rams boat anchored off the Philippines.
  • China makes ship offer
    Bangladesh Shipping Corp considers preferential loan for new tankers and bulkers from Chinese state-owned export company.
  • Bauxite trade resumes
    Key trade for aluminium production restarts after week long stoppage.
  • DP World parent nets loan
    Dubai-based port operator's parent nets $850m loan package from 15 banks.

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American Shipperweb site
SEPTEMBER 21, 2011
  • DHL in China
    DHL opens Beijing pharma warehouseDHL said Wednesday it has opened an additional facility in China designed to serve the pharmaceutical industry. DHL forwarding unit opens China officesDHL Global Forwarding has opened five offices in China, the com...
  • S&P revises Hapag-Lloyd outlook to 'negative'
    Rating agency Standard and Poors said Tuesday it has revised its outlook on German containership operator Hapag-Lloyd to negative from stable. At the same time, it affirmed the BB- long-term issuer credit rating and the B issue rating on the 480 m...
  • Slagle to succeed Kemp at ABF
    Wesley B. Kemp will retire as chief executive officer and president of ABF Freight System on Dec. 31, parent company Arkansas Best Corp. announced Wednesday. Roy M. Slagle, ABF's senior vice president of sales and marketing, was named to replace K...
  • Supply Chain Manager Benchmark Study
    American Shipper'sfirst study covering the supply chain practitioner, co-produced withThe Georgia Institute of Technology's EMIL-SCS Executive Master's Program , gauges roles, responsibilities, compensation and opportunities prevalent in the indust...
  • GSP, TAA, FTAs
  • Zim drops Nhava Sheva on Asia/Black Sea
    A Zim-operated service between the Far East and Black Sea will drop calls at India's largest container port as of late October, according to a note this week from Hapag-Lloyd, which takes slots on the service. Starting from the Oct. 24 sailing, Zi...
  • Schneider offers new LTL service
    Schneider Logistics said it is offering a new service that pools deliveries of shippers with reoccurring less-than-truckload moves. The new Integrated Delivery Services (IDS) was piloted in Denver with shippers of competing brands who had similar ...
  • UP to double track Nebraska/Iowa line
    Union Pacific Railroad said Tuesday it would invest nearly $300 million over the next few years on its central corridor between Fremont, Neb., and Missouri Valley, Iowa. UP called the corridor "a primary shipping lane," with the investment part of...
  • U.S. challenges Chinese chicken duties
    The United States is challenging Chinese duties on U.S. chicken exports. Kirk U.S. Trade Representative Ron Kirk said Tuesday that the Obama Administration is requesting consultations in the World Trade Organization (WTO) to challenge Chinese antid...
  • Trade bills see light of day on Hill
    The U.S. Senate's unanimous consent agreement Monday evening to begin debate on retroactively renewing the Generalized System of Preferences and the Trade Adjustment Assistance program could have a positive domino effect on pro-trade legislation p...

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The Bunker Bulletinweb site
SEPTEMBER 21, 2011
  • European Commission adopts paper on maritime pollution
    Proposed legislation says the European Investment Bank will pay particular attention to projects that help the sector cope with environmental challenges.
  • Fujairah prices rise
    A player fully committed so was unable to quote in Durban.
  • North American ECA will pressure distant markets
    'A greater onus will be placed on South American and Far East ports,' says Lintec Technical Manager.
  • Bunker markets rise
    For prompt deliveries in Hamburg, barging was said to be tight.
  • IMF, World Bank to recommend bunker fuel levy
    Leaked draft paper says finical institutions will recommend surcharge on aviation and shipping fuels.
  • Brokers welcome information on bunker consumption
    Baltic Exchange has been reporting speed and fuel consumption in its daily fixture list.
  • UK Navy designing fuel-efficient frigate
    Vessel will have non-drag hull paint.
  • DMCA in bid to establish UAE bunkering standard
    Focus on safety, environmental sustainability in light of MARPOL Annex VI changes, and dispute resolution.
  • Mid-week prices largely up at bunkering hubs
    Supplies of bunker material ample at major Asian ports on Wednesday.
  • Japanese firm unveils more details of LNG propulsion system
    Design suitable for use on box ships up to 10,000 TEU to enable switch to LNG in ECAs.
  • Fujairah oil storage terminal for lease
    Emarat is 'collecting bids' for the leasing of its storage tanks.
  • Russian supplier deploys new bunker tanker at Murmansk port
    Russian-flagged RN Magellan may be relocated to St. Petersburg port in the future.
  • Supply and support platform launched for cruise ships in Singapore
    Singapore Cruise Centre launches Cruise 360 to provide bunkering and other cruise ships's needs.
  • Chinese shipbuilder in talks for $50 million bunker tankers deal
    Dongfang Shipbuilding posts 55.2% decrease in gross H1 profits due to weak sales.
  • Tight IFO avails easing at Far East Russian ports
    Healthy bunker demand at Far East Russian ports, traders say.
  • Better revenue yields 'offset' higher fuel prices
    Increase in fuel costs, however, expected to lower Carnival's full year earnings.

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