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20 September 2020 The on-line newspaper devoted to the world of transports 07:17 GMT+2

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The Business Timesweb site
DECEMBER 23, 2011
Shipping News
  • Container-ship alliances to boost rates: Platou
    Rates for ships hauling boxloads of manufactured goods may rise next year after owners said they will cooperate on some trade routes to overcome a vessel glut and slowing trade growth, RS Platou Markets AS said.

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Sched Netweb site
DECEMBER 23, 2011
  • Standard & Poor's downgrades 'K' Line debt ratings to BB from BB+
  • Hutchison boss blasts Dutch government's new Maasvlakte port plan
  • Grounded Rena's officers face new charges of falsifying documents
  • Maersk, US Navy test bio-fuel blends on month-long box ship voyage
  • US plans to hold China accountable for WTO rule violations
  • OOCL named top grain container shipping line by leading US exporter
  • Jebel Ali Port sets new productivity record - 259 berth moves per hour
  • Back in containers, congestion-free Amsterdam wins boxed cocoa trade
  • Danaos adds 8,530-TEUer to its 59-ship fleet totalling 291,149 TEU
  • EU court upholds EC's right to tax carbon emissions beyond its airspace
  • Air China November cargo off 6.3pc year on year, but up 2.7pc in October
  • China Eastern November cargo up 1.65pc year on year, 0.96pc from October
  • China Southern November cargo up 3.4pc as passenger volume rises 12pc
  • Changi November air cargo volume up 4.6pc, rises 2.5pc in first 11 months

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Exim Indiaweb site
DECEMBER 23, 2011
  • ASAA's annual get-together a fun affair
  • DGS' ISM 2011 workshop on Dec. 26
  • SBS Group acquires Atlas Logistics
  • Yang Ming loading in NCS service from Cochin
  • Plan panel against extending TAMP writ to non-major ports
  • Corporate sector wants excise duty left unchanged at 10 pc
  • Exporters to get faster tax refunds
  • Twelve resolutions for 2012...No, let's leave it at 3

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Marine Logweb site
DECEMBER 22, 2011
  • Navy extends charter of Westpac Express
  • Imtech to supply propulsion systems for hybrid Ropax pair
  • Wärtsilä Ship Design awarded breakthrough Brazil contract
  • GVA to design harsh environment accommodation rig for Jurong
  • Keppel books $809 million semi order for Brazil
  • Purchase of unique production semisubmersible accelerated

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World Wide Shipperweb site
DECEMBER 22, 2011
  • Port of Port Angeles sets date for new composit facility ribbon cutting
  • DOT sets new final rule for truck driver hours of service
  • Crowley donates $10,000 to fund UAF scholarships
  • Bellingham Port Commission makes appointments for 2012
  • Carriers plan to restructure Mediterranean to SouthAm service

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Lloyd's Listweb site
DECEMBER 22, 2011
  • Varied fortunes in LNG market
    While rates are high and most vessels have seen an increase in activity in 2011, demand depends largely on size and age of the fleet
  • OGX set to spud four wells in Campos and Santos Basins
    OGX will spud four new wells in the Campos Basin and the Santos Basin in 2012
  • January will bring first oil for OGX
    Campos Basin well to raise production from 20,000 bpd to 50,000 bpd by year-end
  • OSX wins second FPSO financing, three more in pipeline
    The EBX Group's plans for building offshore equipment are ambitious
  • EXCLUSIVE: Sanctions fail to halt IRISL
    Iranian line still has 69 vessels actively trading
  • Tanker indices offerings tweaked in response to market demand
    Cross-Mediterranean route updated to reflect Syrian oil export sanctions while Baltic Exchange looks to introduce MR product tanker backhaul voyage for use in FFA market
  • Demand for supramax indices heats up
    Baltic Exchange looking at ways to improve its dry bulk carrier services
  • Baltic Exchange aims to keep up with Asia market
    China is the future for freight indices provider's membership
  • Goodbye, but not the end of the road
    We must never get complacent, says outgoing IMO secretary-general Efthimios Mitropoulos
  • Scrubbing up on emissions technology
    Owners need to plan ahead for installing SOx scrubbers, as it could take up to two years
  • Atlantic product tankers end the year on a high as earnings spike
    Owners such as Torm still face desperate struggle for survival despite last ditch rise
  • Raise a glass to a tough, indispensable job
    Amid the celebrations, remember the daily perils faced by seafarers
  • Box trades face new imbalance
    New tonnage planned for east-west trades but south drives new world growth
  • LNG carriers' one-year time charter rates hit $155,000 per day
    High demand sees rates keep rising
  • Genco dips into cash stockpile to reduce debt by $62.5m
    Opportunistic time charter policy to continue, says dry bulk major
  • HNA dispute reignites
    GCL misses new payment to Vafias while parent continues to splash the cash
  • Largest overnight capesize rate drop in two months
    Freight futures trades point to healthy January with China still hungry for coal
  • British Marine wins legal battle to delay defectors' P&I start-up
    Fixed-premium offering Lodestar to miss the February renewal season
  • MSC and Hamburg Süd merge services on South America route
    Two become one from January
  • Frontline takes $13m pre-Christmas bonanza for Atlantic VLCC fixtures
    Troubled tanker company secures three lucrative oil charters loading in January
  • A Christmas wish-list
    Please, Santa give piracy the heave-ho-ho-ho
  • Dr Peters plans aframax buy-back
    Plan to secure fresh Commerzbank loan
  • Two held as Finland investigates Thor Liberty arms cache
    Customs officials seized 69 Patriot missiles
  • Cargo volumes hit record highs at Bremen and Bremerhaven
    Total turnover rises 18% to 81.3m tonnes
  • North Adriatic ports to boost box capacity to 6m teu
    Research suggests a change in the balance of distribution among European ports is looming
  • Boxship alliances to add capacity and depress rates, says Jefferies
    New unity between carriers creates arms race not peace summit, says analyst
  • Keppel in $807m contract with Sete Brasil to build semi-submersible rig
    Deal brings shipyards orders for the year to $7.6bn
  • Pilots walk out at Antwerp
    Belgium's public-sector workers launch 24-hour strike over pension reforms
  • Where the sea promises gain as well as pain
    For Greeks, shipping remains an oasis for investment, compared with a worsening economic wasteland at home
  • Shipping cannot count on money in the bank
    2011 has already seen a general tightening of accessibility to bank debt, but the outlook for 2012 looks likely to remain challenging and uncertain

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Fairplayweb site
DECEMBER 22, 2011
  • Guard guidance due soon
    EUROPE'S shipowners plan to issue detailed guidelines on armed guards aboard merchant ships in January 2012
  • MSC, Hamburg Süd combine services
    BOX GIANTS Hamburg Süd and MSC have agreed to merge their weekly services from Mediterranean ports to South America's East Coast
  • Courage realises $1.08M from scrapping deal
    BULKER operator Courage Marine said it has netted $1.08M by selling a Panamax bulker for demolition
  • Loading spill shuts down Nigerian oilfield
    SHELL has reportedly shut down an oilfield off Nigeria after 40,000 barrels of crude spilled into the Atlantic
  • Yangzijiang buys rest of breaking unit
    SINGAPORE-listed Chinese shipbuilder Yangzijiang consolidated its breaking business today with a key acquisition
  • Sea Star price-fixing sentence confirmed
    JONES Act carrier Sea Star has been sentenced for price-fixing in the US-Puerto Rico trade, while its ex-president has been arrested and released on bail
  • Luka Koper to raise spending by 80%
    SLOVENIA'S only port operator, Luka Koper, plans to spend €35M ($45.6M) on its operations in 2012, 80% more than in 2011
  • Bomb scare disrupts port
    LA's PORT returned to business today to normal after a poor joke shut down part of it yesterday
  • Forward fixing pushes up LR tankers
    BROKERS told Fairplay today lower tonnage availability and a spate of forward fixing for January has raised long-range product tanker Persian Gulf/Japan rates
  • Sweden approves APMT takeover in Gothenburg
    SWEDEN'S competition authority has approved a takeover by Denmark's APM Terminals at Gothenburg's Skandia Container Terminal
  • Ruble costs Novorossiysk
    NET INCOME for Novorossiysk Commercial Sea Port plummeted by 69% over the first nine months of the fiscal year, to $72M
  • Butadiene rush fuels freight rates
    BROKERS told Fairplay today rates of pressurised butadiene and LPG carriers are rising within northeastern Asia
  • Lower China oil demand growth seen
    SLOWING economic growth could affect China's oil demand growth in 2012, IHS CERA said today

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The Journal of Commerceweb site
DECEMBER 22, 2011
  • Bersin Resigns as Customs Commissioner
    Alan Bersin, the head of Customs and Border Protection, on Thursday said he will leave his post at the end...
  • Port of Seattle Container Traffic Falls 1.8 Percent
    Container throughput at the Port of Seattle in November fell 1.8 percent year-over-year, as a 6.1 percent decrease in exports...
  • Trucking Group Blasts New Driver Rule
    The American Trucking Associations said Thursday it is considering legal action against tougher new truck driver hours of service regulations,...
  • UPS Pilots Challenge Fatigue Rule in Court
    The union representing UPS pilots asked a federal court on Thursday to review the Department of Transportation's decision to exempt...
  • Federal Truck Regulators Issue Tougher Driver Rules
    Federal safety regulators issued tougher new hours of service regulations for truck drivers on Thursday, maintaining the 11-hour daily limit...
  • FedEx Finds Profit on the Ground
    When FedEx reported the busiest day for shipments in its history a couple of weeks before Christmas, the company credited...
  • Adding While Subtracting
    FedEx Express is adding capacity in the air. It's also putting off adding capacity in the air. It...
  • Rails See Benefits From Longer Trains
    With freight rail efficiency pretty much at its limits in stacking containers vertically, railroads increasingly are looking for improvements in...
  • Navigating 2012's Economic Rapids
    Lakshman Achuthan raised eyebrows in September by declaring the U.S. economy was "tipping into a new recession, and there's nothing...
  • Tacoma Container Exports Up 14.2 Percent
    Asian demand for grain helped pushed loaded container exports up 14.2 percent at the Port of Tacoma in the first...
  • MSC, Hamburg-Sud Merge Europe-South America Services
    Hamburg-Sud and Mediterranean Shipping Co will merge their Mediterranean-East Coast South America services in January, cutting capacity in a bid...
  • Forwarder CGL Plans to Add 10 Stations
    The parent of Concert Group Logistics said Wednesday the U.S. freight forwarder plans will increase its coverage by nearly a...
  • Boeing to Convert 50th 747-400 to Freighter
    Evergreen International Airlines, an international cargo carrier, will gain a second 747-400 converted freighter next year under a Boeing program to...
  • Japan Exports Down 4.5 Percent, Imports Up 11 Percent
    Japan's trade deficit expanded for the second straight month to $8.78 billion in November, as exports fell 4.5 percent year-over-year...
  • Maersk Hikes Far East Asia Rates
    Maersk Line will impose a new round of general rate increases on its Far East Asia services in January. ...

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Containerisation Internationalweb site
DECEMBER 22, 2011
  • Montecon buys Kalmar RTGs
    Montecon SA, which operates container-handling facilities in the port of Montevideo, Uruguay, has placed orders with Finland-based Cargotec for two Kalmar E-one ...
  • OOCL scoops customer service award
    Hong Kong-headquartered OOCL has been commended for its customer service excellence by the Scoular Company, which is one of the largest exporters of grain and agricultural ...
  • Hamburg Sud and MSC to merge their Med/ECSA links
    The unprecedented level of change affecting the liner shipping industry continues with the latest development being the decision of Geneva-based MSC to merge its ...
  • Public sector strike causes Belgium transport delays
    A 24-hour strike called by Belgium's public sector unions has hit the country's pre-Christmas intermodal activity and caused delays to vessels entering and leaving ...
  • HMM and partners slash Indonesia sling due to cargo decrease
    Hyundai Merchant Marine (HMM), STX Pan Ocean and Emirates Shipping Line (ESL) have announced that they are slashing their jointly operated New Indonesia Service ...
  • Italian tanker freed by Somali pirates
    The Italian government has confirmed that a Fratelli D'Amato products tanker, and its five Italian and 17 Indian crew - held hostage by Somali pirates for more ...
  • US toughens its sanctions against Iran
    The US Government has further toughened its sanctions against Iran, listing a series of additional companies it believes are associated with the country's national ...
  • US truck index still reading positive
    The American Trucking Association's [ATA] for-hire truck tonnage index - a proven bellwether for the health of the US economy - increased a further 0.3% in November ...
  • Resolutions for a healthier New Year
    As is tradition at this time of year, we pause for breath and reflect on the events of the past 12-months; looking forward to the approaching new year with hopes ...

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TradeWindsweb site
DECEMBER 22, 2011
  • Excelerate in at Puerto Rico
    US regas specialist puts away another vessel on Central Americas job.
  • Paragon pens charter
    Michael Bodouroglou-led bulker owner bags a term deal worth over $8m.
  • DOF Subsea gets busy
    Oslo-listed offshore owner orders one newbuilding and fixes three ships on long-term deals.
  • Genco credit covenant waiver
    Peter Georgiopoulos led bulk carrier owner does a deal over its $1.4bn revolving credit facility.
  • Farstad continues Brazil push
    Norwegian offshore owner sends another vessel to Brazil on a long-term deal.
  • Keppel scoops Brazil rig deal
    Singapore-listed rigbuilder nets $800m contract with Brazilian player.
  • Vale VLOCs a "loss-leader"
    Sale of mining giant's behemoths could be compensated by profits from a couple of iron ore shipments to China, says ICAP Shipping.
  • Ship maker turns breaker
    Top Chinese shipyard group plans significant diversification into industrial scale shipbreaking.
  • Surf's up for Subsea 7
    Oslo-listed offshore company wins $185m UK North Sea contract from ELF Exploration.
  • Tufton declares Scorpio stake
    London-based investment fund reveals previously undisclosed share in a Monaco-based tanker owner.
  • Oceaneering snags BP deals
    US offshore contractor wins contracts from oil major to supply up to three offshore vessels for work off Angola.
  • Keppel seals jack-up upgrade
    Aussie-Singapore joint venture opts to have repair and modification work carried out at FELS yard.
  • Precious offloads ABG ship
    Khalid Hashim-led bulker player opts to sell bulker newbuilding contract to Singapore's Global Bulk Carriers.
  • Pacific Drilling gets thumbs up
    Deutsche Bank and Morgan Stanley initiate coverage of Ofer Group drilling company with positive assessments.
  • Pirates target Nordic tanker
    US Navy comes to the rescue as Nordic American Tanker suezmax is fired upon by pirates off Somalia.

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The Bunker Bulletinweb site
DECEMBER 22, 2011
  • DNV acquires majority KEMA shares
    Company will support maritime customers as the world transitions towards a safe, reliable, efficient and clean energy ecosystem.
  • European players expect early market close on Friday
    Year-end holidays approaching.
  • Rotterdam market sees little activity
    Some delays in Gibraltar.
  • Fujairah prices continue to climb
    Prices lack direction in Suez.
  • Port handles its first 10,000 TEU containership
    Colombo will be ready to handle 'any mega vessel to be built in the future.'
  • Fuel oil terminal to start operations 'soon'
    Novorossiysk Fuel Oil Terminal will be the largest in the Black Sea.
  • Bunkering goes ahead despite strike
    Pilot services in Antwerp expected to resume later Thursday.
  • Price trends mixed at different Asian ports
    Supplies of bunker fuel tight in key Asian ports on Thursday.
  • Singapore onshore fuel oil stocks at three-month high
    Stocks up on influx of Western arbitrage cargoes.
  • New Zealand fines companies for spill during bunkering
    Spill would not have occurred if staff followed correct procedures, says local judge.
  • Finnish Border Guard orders dual-fuel patrol craft
    Building of vessel offers 'excellent opportunities' for implementing environmentally friendly technologies, says shipbuilder.
  • Supplier eyes larger share of business at Sri Lanka's east coast
    'Good' business potential, says Managing Director of Lanka IOC.
  • Indonesian oil major sees 'positive' bunker sales
    Targets higher revenues and profit in 2012.
  • Shipping outlook 'unfavourable' on rising bunkers
    Uncertainty over European debt and its banking sector will 'severely test' the Asia-Pacific region next year, says Standard & Poor's.

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