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31 March 2020 The on-line newspaper devoted to the world of transports 15:36 GMT+2




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The Business Timesweb site
OCTOBER 25, 2011
Shipping News
  • HNA boasts 40b yuan warchest for foreign deals
    HNA Group, the Chinese investor in aviation, shipping and hotels, said it has access to as much as 40 billion yuan (S$8 billion) of credit lines to support acquisitions in Europe and the United States.
  • Baltic index slips, ship supply weighs
    The capesize market should remain supported by healthy iron ore and coal exports to China, even as the Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, turned negative at the end of last week.
  • China may double bunker suppliers
    China, with the world's busiest port at Shanghai, may double the number of local companies allowed to sell tax-exempt marine fuel as demand from ships increases.
  • Shabaab-Somali pirate links growing: UN

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Sched Netweb site
OCTOBER 25, 2011
  • Basel Convention eco-activists say HK Convention insufficient on scrapping
  • Ben Line Agencies opens its 100th office in Asia
  • Marine Department: Ferry involved in collision at Cheung Chau strayed off course
  • New liner services to boost Hamburg-Russia box traffic
  • OOCL has not cancelled its CCX, SCX, and SSX services as reported
  • CN joins Agri-Food to export Canada's containerised specialty grains
  • Freight Co Ltd offers emergency flood recovery logistics services
  • CSX quarterly profit up 12pc to US$464 million, revenue per unit up 10pc
  • Vladivostok Air flies to Singapore via Hong Kong twice weekly
  • Liuzhou Airport cargo volume up 32pc on January to September last year
  • St Louis-Lambert airport vows to fight for China hub, despite tax defeat

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Exim Indiaweb site
OCTOBER 25, 2011
  • Asia-Europe spot rates fall; transpacific decline slows
  • BBC Chartering sets sail
  • CMA CGM Group upgrades ASEA service between Asia, Kenya & Tanzania
  • Container shipping could face long period of oversupply
  • DHL India berths largest self-propelled barge at Paradip Port
  • ICS says flag states must enforce rules
  • K. Mohandas to grace AMTOI Day on November 2
  • Rickmers-Linie selected for delivery of Airbus fuselage sections to France
  • Strong Chinese appetite for ore to push up dry bulk rates
  • Tanker rates at seven-week high
  • Handicrafts exports surge 22 pc in Aug.
  • APM Terminals Mumbai stresses on caring for people as part of Safety Day
  • Nisha Roadways adjudged 'Container Transport Operator of the Year (Road)' at MALA 2011
  • Adopt cluster approach to get edge in exports: Exim Bank

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International Transport Journalweb site
OCTOBER 24, 2011
  • Huge rail market growth expected in Middle East
    The Middle Eastern rail market volume stands at EUR 1.6 billion, and is set to increase by an average of 13% per year to reach EUR 3 billion by 2015, according to a study entitled ...
  • Czech Airlines awards Aero Cargo GSA contract for Germany
    Czech Airlines has extended its cargo GSA relationship with the ECS Group by appointing Aero Cargo as its new partner in Germany. The airline previously awarded cargo GSA contracts...
  • Australian north coast rail upgrade proceeding apace
    The elimination of sharp bends in the interstate rail network between Newcastle and Queensland (Australia) is progressing on schedule, with a section between Rappville and Leeville...
  • Loxx to cooperate with Demas in Turkey
    The German transport company Loxx now cooperates with the Istanbul-based logistics service provider Demas International Lojistik Hizmetleri ve Tic. As part of the cooperation, Loxx...
  • UK P&I Club announces 3% overall increase for 2012
    The premium rating of all UK P&I Club members will be increased by 3% on 20 February 2012. This was agreed by the UK Club's directors at a recent meeting in Athens. The decisio...
  • Charleston breakbulk volume surges with USD 23 million investment
    With a USD 23 million improvement project at its Columbus Street Terminal completed, the South Carolina Ports Authority (SCPA) is enjoying a surge in non-containerised cargo at the...
  • ALE appoints Alberto Pittaluga as country manager of new Iraq office
    ALE, a large and heavy load specialist headquartered in Staffordshire (UK), has opened a new office in Basra (Iraq), its first base in that country. Basra was chosen due to its str...
  • Fesco and BLG Logistics to cooperate in Russia
    The BLG Logistics Group and the Fesco Transportation Group have announced the creation of a joint venture to develop integrated logistics solutions for the automotive industry in R...
  • Aircastle provides two aircraft to support Southern Air's fleet renewal
    Aircastle Limited, a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world, and Southern Air Holdings have entered in...
  • Wüst building new logistics centre in Germany
    The excavators moved in at Wüst Logistik's headquarters in Weissenburg (Germany) recently, planning to complete the first stage of a new logistics centre by March 2012. The centre ...
  • ALC urges push for Australian transport regulation reform
    The Australian government's second so-called seamless economy agenda must focus on reforms that abolish inconsistent regulations and red tape between states, all of which adds cons...
  • 1 million flights for air traffic management system
    With the words "you're identified", the air traffic controller confirmed the initial call of the Lufthansa pilot of flight DLH729 from Shanghai Pudong to Frankfurt, and t...

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Marine Logweb site
OCTOBER 24, 2011
  • Harris Pye completes $4.3 million of work on West Pegasus
  • LCS 3 completes builder's trials
  • Bridge team chatted about Cat Women as HSV sliced through fishing vessel
  • Marine interior specialist adds to backlog
  • Arctia to convert multi-function icebreakers to meet US EPA Arctic regs

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World Wide Shipperweb site
OCTOBER 24, 2011
  • Port of Bellingham seeks comment on Airport Master Plan development
  • Two new members selected for Vancouver Fraser port board
  • DHS taps BSI Group for port cargo screening aid
  • Port of Seattle coping with Alaskan Way Viaduct closures
  • Letter of Interest period extended for Newport Port Commission post

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Lloyd's Listweb site
OCTOBER 24, 2011
  • Brussels blocks SNCF plan to give ailing SeaFrance $139m funding
    Competition competitor says aid 'incompatible' with European rules
  • Heidmar pools sign up four new ships
    One VLCC and three aframaxes boost total fleet to 126
  • K Line sells two aframax tankers
    Deals in addition to VLCC sale, as Japanese owner shrinks fleet
  • VLGC market rally takes a breather
    Fixtures fail as caution clouds global LPG sector, leaving owners willing to discount rates
  • Kiel Canal a step closer to new locks
    Meeting raises prospects of Federal funding
  • ABN Amro to double shipping book
    Bank's transport chief Gust Biesbroeck says bottom of industry cycle good time to get in
  • Cash-rich Greek owners taking advantage of falling VLCC values
    At only a third of newbuilding prices, 10-year-old vessel values offer investment opportunity
  • Fesco adds Tacoma to Vladivostok service
    Fortnightly departure linking US Pacific Northwest to Russian Far East will offer 14-day transit time
  • Frontline continues to offload tankers
    Two more suezmax vessels reported up for sale in the secondhand market
  • Galileo finally leaves launch pad
    EU's answer to US GPS lifts off
  • Wärtsilä readies business for green rush
    Environmental services and gas engines key products for the future says new boss
  • India's oil destiny is linked to the Commonwealth
    India has the means but not the ways to tap its deepwater hydrocarbon reserves. There is an institution that could fill the gap
  • Asia takes premium pickings
    Gauging the size of the global marine market is hard, but it is clear Asia is on the rise and London is even more important than previously thought
  • Samudera's gross profit falls 85%
    Bunker prices and increased container charter hire rates push cost of services to nearly $109m
  • Demolition market in the doldrums
    Scrap rates fall below $500 per ldt with continued mismatch between breaker and cash buyer price ideas
  • Frangou fingers European problems as threat for bulk
    Navios Maritime Partners will be 'unaffected' by credit squeeze facing owners
  • Creditors release arrested Seaarland aframax
    RBS and Credit Agricole must now work with company on Chapter 11 restructuring plan
  • Short-period capesize charters hit $21,000 a day
    Spot market sentiment improves despite pessimism over China iron ore demand
  • Lloyd Fonds poised to get $21m injection from AMA Capital Partners
    Cash boost would allow the KG house to participate in part-consolidation
  • Scorpio Tankers charters in LR2 product tanker
  • UK releases national ports policy
    Long term port capacity demand to remain unaffected by global economic crisis
  • Northern Europe ports 'most efficient'
    Box ports have four times the throughput of southern rivals
  • STX Group confirms assets sales
    Owners of STX Pan Ocean and STX OSV will raise funds by stake sales in unnamed overseas assets by early 2012
  • Dr Peters KG fund files for insolvency
    Banks call in loan on fund that far exceeds market value of ships
  • EU ban on conferences fails to win a following
    Europe finds itself isolated, with no sign of a wider reform of maritime competition law
  • Trailer Bridge chief executive departs
    Latest development precedes crucial bond maturity in November
  • Noatum to stamp its name on former Dragados terminals
    Port operator wants to 'consolidate' its leadership in Spanish market
  • Like the Somme
    The mortality rate for Somali pirates suggests that they are formidable because they are desperate
  • Human cost of piracy
    The ordeal of Calixto Caniete, master of the Remuar, is a reminder of the urgency of dealing with the pirate scourge
  • Costs hit SITC profits as intra-Asia volumes increase
    Nine-month earnings show high growth in expenses balanced by one-time gains

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Fairplayweb site
OCTOBER 24, 2011
  • High Oz dollar moves shipbuilder to Philippines
    AUSTRALIAN shipbuilder Austal said it plans to expand into Asia and possibly Europe
  • Frangou resets fee terms
    ANGELIKI Frangou's Navios Partners today announced profits in line with expectations and a new management deal that promises higher fees to parent Navios Holdings
  • Trailer Bridge boss quits
    BOX-BARGE operator Trailer Bridge has confirmed the resignation of CEO Ivy Barton Suter as the company's bond maturity deadline nears
  • 'Pouncing on' stray tankers
    JAPAN'S No 3 carrier 'K' Line has sold a 2001-built VLCC and a 2002-built Aframax tanker, brokers told Fairplay today
  • NYK losses more than double
    NYK LINE has become Japan's third major carrier, after MOL and 'K' Line, to predict worse losses for 2QFY2011
  • Oz ports returning to costly waiting game
    THE WAIT to dock at Australia's Newcastle port will increase to 54 ships by the end of next month, IHS McCloskey predicted today
  • VLCC demand immune to 40% distance cut?
    TANKER voyage distances are likely to be cut by 40% when the Trans Myanmar-China pipeline is ready in June 2013, but growing Chinese crude imports would ensure long-term demand for VLCCs
  • 90% tanker EPS fall warned
    NORWAY'S First Securities has predicted a sharp fall in 3Q11 results for listed tanker companies
  • MPS defeats lender challenge
    MARCO Polo Seatrade of the Netherlands and three related companies have won jurisdictional challenges in their Chapter 11 case, paving the way for more international owners to file for US relief
  • Wärtsilä using loan for R&D
    FINNISH engine maker Wärtsilä said today it plans to use a €150M ($207.8M) loan from European Investment Bank for R&D
  • Workers escape harm in Polish blast
    AN INQUIRY into an explosion is under way today at the western Polish port of Swinoujcie
  • SITC profits slide 12.9%
    HIGHER costs have pushed down the profits of China's intra-Asia box specialist SITC by 12
  • PIL hits target for PST
    PIL HAS acquired hit its target on the number of shares in Pacific Shipping Trust it need to proceed with its plan to delist and privatise the trust
  • China's ore appetite plummets
    FAR FEWER ships are being chartered to haul iron ore to China, where stockpiles of the steelmaking ingredient exceed 90M tonnes
  • Holiday package: even more box pressure
    LONG-HAUL box rates are continuing their slide, with economic woes and skewed supply-demand fundamentals failing to provide enough confidence to bolster the sector

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The Journal of Commerceweb site
OCTOBER 24, 2011
  • Mica Wants Long-Term FAA Bill by End of 2011
    House Transportation and Infrastructure Committee Chairman John Mica said he will take "every measure that's needed" to pass a four-year...
  • Diesel Prices Rise for Second Straight Week
    Diesel prices across the United States rose 2.4 cents in the week ending Oct. 24, increasing for the second straight...
  • Port of Seattle Imports Plunge 22.6 Percent
    Containerized imports into the Port of Seattle plunged 22.6 percent in September over the same month a year ago as...
  • Marten Transport Profit Rises 15.5 Percent
    Refrigerated trucker Marten Transport increased its net profit 15.5 percent to $6.3 million in the third quarter on higher operating...
  • FedEx Increases Holiday Hiring 18 Percent
    FedEx, showing strong confidence in U.S. consumers and e-commerce, says it will hire 20,000 seasonal workers to handle holiday deliveries...
  • Container Corp. of India Profit Down 16 Percent
    Container Corp. of India's profit in the second quarter fell 16 percent to $35 million, as the state-owned rail operator's...
  • Landstar System Profit Leaps 38.5 Percent
    Truckload giant Landstar System increased net profit 38.5 percent to $30.2 million on a 9.8 percent increase in revenue to...
  • Bob Evans Sells Midwest DC to Millard Refrigerated
    Bob Evans Farms is serving up a portion of its distribution network, selling its Springfield, Ohio, BEF Foods distribution center...
  • USA Truck Loses $4.3 Million, Rejects Celadon Talks
    Truckload carrier USA Truck rejected merger talks with larger rival Celadon Group despite falling back into the red with a...
  • US Distilled Grain Exports Will Rebound, Report Says
    U.S. exports of distilled grains with solubles should grow about 2.5 percent this season after declining 11 percent year-over-year in...
  • CN to Assist Grain Exporter with Supply Chain
    Agri-Food Central Ltd. has become the latest shipper to sign an agreement with Canadian National Railway whereby the two will...
  • Seeking Space, Creating Capacity
    "Share and share alike" is a maxim shippers find hard to follow, especially if it means sharing zealously guarded supply...
  • INTTRA Cargo Bookings Hit Record
    INTTRA, the e-commerce cargo-booking portal, said its electronic bookings reached a record high in the past two months. The...
  • Star Reefers Loss Widens to $14.1 Million
    Star Reefers' loss in the third quarter widened to $14.1 million from $3.7 million a year earlier as the Norwegian...
  • Japanese Exports Rise 2.4 Percent in September
    Japan's exports in September grew 2.4 percent year-over-year, increasing for the second straight month after five months of declines following...
  • Hong Kong Freight Tumbles 6.1 Percent
    Air freight moving through Hong Kong fell 6.1 percent year-over-year in September, the seventh straight monthly decline and a lackluster...
  • Trailer Bridge Replaces CEO
    Williiam G. Gotimer Jr. and Mark Tanner have been named co-CEOs of Trailer Bridge, replacing Ivy Barton Suter, who resigned...
  • Heading Down the Wrong Track?
    For months, year-over-year gains in rail freight traffic have countered gloom-and-doom warnings about the U.S. economy heading back into recession....
  • Drivers Dominate Trucking Worries
    What's keeping trucking executives awake at night as 2012 approaches? If it's not the threat of a double-dip recession, it's...
  • All Tracks Lead to Virginia
    The two Class 1 railroads serving the ports of Virginia are playing musical chairs. When the music stops, the big...
  • Not So Fast Track
    The Obama administration is moving quickly, by government standards, to reform the regulations that delay outbound shipments or add unnecessary...
  • US Takes a Latin Leap
    Latin America was the United States' fastest-growing partner among the major trading regions during the last decade, according to the...
  • Brazil Leads the Way
    Latin America's economies are as varied as the countries' political and economic foundations. "Every country is moving at a different...
  • Kickin' It Up a Notch
    For decades, economists have been telling the international trade and transportation industries that Latin America is the region of the...
  • The Cost of Inaction
    We're about a year away from the 2012 presidential election, and it's obvious to all that partisanship again is getting...
  • US-Canada's Taxing Debate
    One country's container tax is another country's trade barrier. A coalition of six major U.S. West Coast ports and two...
  • Rocky Road to Transport Deals
    Ray LaHood has had enough. President Obama's Republican transportation secretary, frustrated by lack of congressional progress to fix the nation's...
  • When the ASCE Talks, Congress Listens
    The American Society of Civil Engineers likely never intended to be the Cassandra of U.S. infrastructure decline, but Washington hears...
  • Big Ships, Bigger Decisions
    With the global shipping industry facing overcapacity, a decision over deployment is hardly an idle question for carriers ...
  • Matching Shippers, Mixing Modes
    Third-party logistics providers are by nature intermediaries linking shippers with carriers of all types. Now they're linking shippers with shippers....

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Containerisation Internationalweb site
OCTOBER 24, 2011
  • TT Club advises on equipment theft
  • Transpac rates down again amid gloomy forecasts for Q4 11
  • Canadian Pacific and partner converting flatbed freight to intermodal
  • Plenty to beef about down Paraguay way
  • Triple E class series scoop CI Award

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TradeWindsweb site
OCTOBER 24, 2011
  • Hansa hops into Heidmar pool
    Connecticut-based tanker operator beefs up aframax stable with a pair of new additions from Hamburg.
  • WFP intervenes
    Wage and welfare claims stall future dealings between United Nations World Fuel Programme and Russian bulker.
  • Courage snatches resale
    Hsu Chih-Chien-led bulker owner ready to renew fleet as it prepares to pay $26.6m for supramax newbuilding.
  • Prosafe fills floater
    Oslo-listed accommodation specialist poised to pocket $34m from deal with Aussie energy giant.
  • Long search over
    Rederi AB Transatlantic appoints Volvo's Helene Mellquist as new finance chief, ending year-long recruitment drive.
  • Trailer trips
    Shares of US-listed liner outfit take a hit as bond deadline nears and chief executive heads for the door.
  • Cantor downs tanker tips
    More bad news for crude tanker owners as bank takes red pen to its spot rate forecasts for Q4 and 2012.
  • Log ship blocked
    Greenpeace activists halt what they claim is illegal export of timber from Papua New Guinea on Chinese bulker.
  • Scopio bags tanker charter
    Tanker operator beefs up fleet with the addition of a chartered in aframax.
  • Euro wobbles worry Frangou
    Navios Partners chief fears European debt crisis could upset improved dry-cargo market as owner matches Street in Q3.
  • Axe falls on Samudera profit
    Regional liner's bottom line knocked back a third as cost pressures increase.
  • Crewman found dead
    Young Scottish cadet's body discovered in front of laptop in cabin of Ever Sigma in Kong Kong.
  • 70 injured in ferry smash
    Three passengers seriously hurt as New World First Ferry vessel hits mooring pillar in Hong Kong.
  • Guards save Seaworld tanker
    Armed security team fends off attack on Greek tanker in the Somali Basin, TradeWinds is told.
  • Cosco port interest hots up
    Visit by top Chinese official to Athens peps up talk around sale of Piraeus stake.

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American Shipperweb site
OCTOBER 24, 2011
  • Bridge of flowers
  • Century's new NVO
  • Geodis-ography
  • Smart guys do dumb things too
  • Air freight lumbers toward year end
  • Big ships and hubs
  • The decade in finances
  • Riskier than it seemed
  • Where we stand
  • Embracing 'big data'

news on subscription
The Bunker Bulletinweb site
OCTOBER 24, 2011
  • Fujairah prices rise
    Earliest delivery dates from November 4-5.
  • Rotterdam and Hamburg bunker prices mixed
    Tights avails reported in Rotterdam.
  • Israeli court imposes country's 'highest ever fine' for oil spill
    Mediterranean Shipping Company fined $280,000 for Haifa bunker spill.
  • Icebreakers to be modified to cut emissions
    Engines will be be able to use Ultra Low Sulphur Diesel.
  • Russian supplier reports year-on-year growth
    Gazpromneft Marine Bunker says sales up by 37%.
  • Bunker player announces recruitment drive
    New traders wanted for its European offices.
  • Bunker prices firming as week begins
    Bunker avails mixed across key Asian ports on Monday.
  • Higher operating costs trim SITC profits
    Increases in bunker and charter costs.
  • Fishing vessels 'harassed' as they approach port to bunker
    Spanish operators say Argentine Navy is threatening them with fines.
  • Technology firm puts spotlight on PM and black carbon emissions
    Says its emissions sensor can measure PM and help operators evaluate ECA compliance and BC mitigation strategies.
  • Chinese government plans expansion of bonded bunker operations
    Ministry of Commerce formulating plan after receiving applications, says Sinopec spokesman.
  • Saudi Aramco sells low viscosity parcel at firm premiums
    Refiner fetches strong premiums due to heavy arrivals of high viscosity, high density cargoes amid low blendstocks.
  • Salvage ops on stricken vessel make 'good progress'
    Around 337 mt of oil had been pumped out of Rena as of Sunday afternoon.
  • Sinopec commences ops at new oil storage facility
    Jiangyin-based facility will store 30,000 mt of 380 cSt and 7,000 mt of MGO.




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