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07 April 2020 The on-line newspaper devoted to the world of transports 18:13 GMT+2

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The Business Timesweb site
OCTOBER 27, 2011
Shipping News
  • Big money to chase huge car haulers, come 2012
    Ships capable of hauling 4,000 cars across the world's oceans may make the most money next year since the global recession as production reaches a record and demand from emerging markets swells cargoes.
  • Philippines shuts its largest maritime school
    THE Philippines has closed down the maritime education programmes of the country's oldest and largest maritime school, allegedly for failure to comply with local and international standards.
  • China orders lift Baltic index
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, inched higher on Tuesday, helped by Chinese interest in buying iron ore and coal.
  • Tanker glut shrinks to 4-month low

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Sched Netweb site
OCTOBER 27, 2011
  • Maersk launches new service at Tianjin
  • Increased bookings on Maersk's new Daily shipping scheme
  • Oil pumping from stricken Rena off New Zealand now passes halfway
  • Namakkal Transport to expand into south east Asia from Singapore
  • Canadian Pacific Railway posts net profits of US$185 million for third quarter
  • CN third quarter net profits up 19pc to US$653.5 million
  • Senator asked to drop scheme to defund truckers' hours of service rule
  • Lack of undulating seasons gives intra-Asia trade smoother flow: Seabury
  • Maersk subsidiary, MCC Transport launches own Borneo service
  • New FESCO Tacoma-Vladivostok service to start mid-November
  • Swiss WorldCargo adds new destinations to the winter timetable
  • Rudra GTL to start 5 weekly Kolkata-Imphal/Manipur cargo flights
  • Singapore Airlines launches twice-weekly freighter services to Frankfurt

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International Transport Journalweb site
OCTOBER 26, 2011
  • Wim Bosman delivers exhaust silencer from Romania to Germany
    Wim Bosman CEE (Central and Eastern Europe) recently delivered an exhaust silencer from Romania to Germany. Because of the silencer's exceptional dimensions it was loaded onto a lo...
  • Crowley launches Tampa-Central America ro-ro traffic
    Crowley Maritime has started a new ro-ro link between the port of Tampa FL and ports in Central America, deploying the "Crowley Americas". It will call at the ports of Ri...
  • Rickmers-Linie chosen for delivery of Airbus parts
    Rickmers-Linie, a Hamburg-based operator of heavylift and project liner services, has been chosen by Spirit AeroSystems as its partner to transport Airbus fuselage sections from Mo...
  • Danone extends logistics contract with K+N in Poland
    The food company Danone has expanded its cooperation with the logistics services provider Kuehne + Nagel by another three and a half years. K+N conducts temperature-controlled ware...
  • Singapore Airlines Cargo adds Frankfurt to network
    Singapore Airlines Cargo will commence twice-weekly Boeing B747-400 freighter services to Frankfurt next Wednesday. The freighter services will complement the cargo capacity availa...
  • Österreichische Post expands into Romanian postal market
    Österreichische Post has entered the Romanian postal market with the acquisition of a 26% stake in Bucharest-based direct mail specialist Post Master, for an undisclosed amount. Th...
  • Agreement between Chongqing and Liege airports
    Liège airport (Belgium) an international centre that focuses entirely on cargo operations, and Chongqing airport, a major air hub in China, have signed a memorandum of understandin...
  • Bertschi earns AEO certificate in Netherlands
    Bertschi BV, the Dutch branch of the Swiss company Bertschi, a service provider in the field of international distribution of chemical industry products, has earned an AEO certific...
  • WABCO appoints Mary Petrovich to board of directors
    WABCO Holdings, a global technology leader and tier-one supplier of the commercial vehicle industry, increased the number of member on its board of directors to nine and appointed ...
  • LH Cargo staff protest against night flight ban at Frankfurt airport
    Workers at Lufthansa Cargo in Frankfurt will stage a walkout at 13.30 this afternoon. The airline's works council called for the 90-minute action and is thereby taking a stance aga...
  • New container rail link between Slovenia, Austria and Poland
    Starting today, 26 October, a new container service will operate on a weekly basis from Koper (Slovenia) on Wednesdays and arrive at the Polish terminal on Fridays. The train will ...
  • UPS sales up and operating profit flat in Q3
    UPS, the world's biggest parcel service provider, increased sales by 8% in the third quarter of 2011 over the same period in the previous year, from USD 12.19 billion to USD 13.17 ...
  • SNCF Geodis launches Normandie Rail Services
    SNCF Geodis, the transport and logistics division of SNCF, has launched Normandie Rail Services, a new operator that serves internal terminals at the port of Le Havre and now handl...

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Marine Logweb site
OCTOBER 26, 2011
  • Navy removes commander of Norfolk Naval Shipyard from post
  • VT Halter Marine holds dedication ceremony for Egyptian FMC
  • Cheniere Energy Partners signs LNG export agreement with BG subsidiary
  • DryShips gets $141 million tanker construction loan
  • USMMA honors TOTE's John Parrott

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World Wide Shipperweb site
OCTOBER 26, 2011
  • New study finds job growth related to Port of Vancouver, USA
  • ATA truck tonnage index climbs during month of September
  • EVA Air transports pair of rare Red-Crowned Cranes
  • Matson ready to serve customers hit by Horizon Lines Guam service exit
  • Port of Tacoma inks disaster MOU with Sister Port in Kitakyushu

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Lloyd's Listweb site
OCTOBER 26, 2011
  • John Deere looks to seal long term ro-ro relationships
    US-based agricultural equipment giant prefers close partnerships to balance trade fluctuations
  • Soaring costs force ro-ro shippers onto containers
    Lack of transparency in bunker adjustment factors can mean a difference of between $1,500 to $2,000 per unit, meaning a change in business model for many shippers to stay competitive
  • DryShips hails $141m syndicated loan deal for tanker newbuildings
    Aims to leverage strong ties with banks to finance further tankers and bulkers
  • Middle East-Asia VLCC earnings at highest level in four months
    Owners able to fix ships are generating returns above operating cost levels
  • Bank lenders to refrain from pulling plug on Trailer Bridge until October 31
    Company still striving to refinance senior secured notes
  • Carriers' services reshuffle sees panamax tonnage fixed at new lows
    Maersk Line extends three 5,000 teu vessel contracts at just $8,000 per day
  • Grand China faces asset disclosure order
    UK court so far backs Vafias in charter hire dispute as further GCL payment blips come to light
  • Carnival backs plan for sulphur 'averaging'
    Controversial proposal would allow vessels to burn high-sulphur fuel in emissions control areas
  • The Red Ensign's legacy of caring
    The UK's maritime charities need to adapt to a changed world
  • Third-quarter results reveal reality of tanker sector plight
    Even well-structured companies report enormous losses while others face ruin
  • HHI's Ulsan hits the right note
    World's largest shipyard pays homage to German culture ' and values
  • Cosco Pacific posts rise in revenue
    Higher figures achieved despite slowdown in container throughput growth
  • US judge to set timetable for magic pipe detention
    Gaurav Prem case sets new benchmark against 'indefinite' detentions, say lawyers
  • Who would you choose?
    We are waiting for your thoughts on who deserves a place in our Top 100 rankings
  • Shanghai corners market in box derivatives
    Cleartrade boss urges fresh push to generate more international trading
  • Pirates to increase threat through cyber attacks
    Ships need to address chinks in their cyber security armour
  • CSCL posts $250m loss in first nine months
    Overcapacity blamed for lower volumes
  • DCT Gdansk pushes for gateway role
    Lower costs make it an attractive inbound hub, report says
  • DP World to expand cruise terminal
    Port Rashid berth capacity to double
  • Shipping needs to be involved in fraud intelligence
    City of London Police call on industry to share data with other sectors
  • Slide in transpacific box rates continues
    Matson moves to plug Horizon gap
  • SeaFrance's best chance
    The only realistic hope for SeaFrance's survival is the emergence of a private investor with confidence in its potential
  • Paris court delays SeaFrance ruling
    Liquidation still an option after Tribunal de Commerce discusses state-owned company's alternatives
  • Financial leaders warn over growing trade protectionism
    Political resolve is being tested as weak growth spreads across G-20 countries
  • Nato chief says commitment to combating piracy is subject to resources
    ITF raises concerns over pirates' increased use of violence and flag states' lack of action
  • Weaker bulk rates put Excel in the red
    Greece-based owner spies good times ahead as its bolsters liquidity and charter coverage

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Fairplayweb site
OCTOBER 26, 2011
  • US LNG export deal agreed
    CHENIERE Energy revealed today that BG has agreed to purchase 3.5M tonnes of LNG per year from the proposed Sabine Pass export project in Louisiana
  • Cruise ports brace for Rina
    HURRICANE Rina could affect more than a dozen cruise ships in the Gulf of Mexico as it tracks toward busy cruise ports
  • Sesa Goa staggered
    SESA GOA, India's largest iron ore exporter, said profits plummeted in its July-September quarter
  • Capesize surge to continue?
    STRONG activity in the Atlantic is helping to drive up spot freight rates for Capesize drybulkers
  • DryShips gets tanker loan
    GEORGE Economou's DryShips said today it has secured a $141M syndicated loan facility to fund four tanker newbuildings at Samsung
  • Trailer Bridge faces last call
    NASDAQ-listed Trailer Bridge has defaulted on its bank debt, but lenders have agreed to forebear on accelerating the loans until 31 October
  • Excel misses the mark
    NYSE-LISTED Excel Maritime has reported larger quarterly losses than expected and a move to reduce spot exposure in 2012
  • More write-downs on VLCCs ahead?
    VLCC SPOT rates are continuing to rise in active trading, but a weak third quarter means that tanker companies might need to write down asset values, according to shipping analysts
  • Fortescue raises $1.5Bn
    MINING giant Fortescue Metals today raised $1.5Bn in a bond issue to fund its plan to take on rivals Rio Tinto and BHP Billiton in Western Australia
  • DPW shares shaky despite 10% growth
    DUBAI Ports World shares have reportedly dropped 16% in this year - and at the beginning of this week were at a near-60% discount to the 2007 IPO price
  • Matson pledges support for Guam
    A DAY AFTER Horizon said it will abandon Guam altogether, the other main line that serves the island - Matson - assured its support
  • SeaFrance ruling postponed
    A FRENCH court has postponed a decision until 19 November to decide whether ferry operator SeaFrance can remain a going concern

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The Journal of Commerceweb site
OCTOBER 26, 2011
  • Norfolk Southern Profit Jumps 24 Percent
    Norfolk Southern Railway saw third quarter profit jump 24 percent to $554 million, with a solid 3.3 percent growth in...
  • ATA Seeks Supreme Court Review of Clean-Truck Program
    The executive committee of the American Trucking Associations voted unanimously to seek a U.S. Supreme Court review of a recent...
  • Caterpillar Sees China Growth Slipping
    Caterpillar expects sales to increase 10 percent to 20 percent next year, but says sales growth in China will slow...
  • CSAV Volume Up in September, Revenue Slides
    The volume of containers transported by CSAV in September rose 2.2 percent from August, but dropped by 18.8 percent from...
  • Cargoitalia Targets Charter, Wet Lease Market
    Cargoitalia created a division to handle growing charter and aircraft wet lease operations, which are compensating for reductions in the...
  • LTL Carrier YRC Reorganizes Regions, Leadership
    Less-than-truckload carrier YRC Inc. is consolidating geographic regions and streamlining its management under new president Jeff Rogers. The national...
  • Five Ways to Find Capacity
    Story: Seeking Space, Creating Capacity
  • Heartland Express Profit Drops 15.8 Percent
    Rising fuel prices and tight driver availability slowed profit growth at Heartland Express, still one of the most profitable truckload...
  • DB Schenker Launches UK Rail Freight Service
    Germany's DB Schenker is launching Britain's first regular rail cargo service using a European-sized, high-speed track from London to the...
  • Profit Surges at Trinity's Railcar Units
    Trinity Industries, North America's largest railcar manufacturer and builder of barges, wind towers and steel construction supports, saw third-quarter profit...
  • C.H. Robinson Profit, Revenue Rise 11 Percent
    Increases in truck and intermodal volume and pricing pushed C.H. Robinson Worldwide revenue up 11.3 percent from a year ago...
  • Guangzhou Container Volume Grows 24.6 Percent
    Guangzhou Port Group reported a 24.6 percent year-over-year increase Wednesday in container volume in September, but the Southern China operator...
  • Trans-Pacific Spot Rate Falls to 22-Month Low
    Spot rates for container shipments from Hong Kong to Los Angeles fell to their lowest level in the last 22...
  • Shoemakers Looking Beyond China
    With wages in South China escalating rapidly and product quality at times comprised, footwear importers increasingly are looking to western...

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Containerisation Internationalweb site
OCTOBER 26, 2011
  • APM T has eyes on US PNW, Alabama and South America
  • US ports boosted by new Government group
  • MESA misses out Salalah
  • WSC box weighing proposal backed by industry - but onus should be with shipper
  • DP World remains confident

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TradeWindsweb site
OCTOBER 26, 2011
  • Wells digs DryShips deal
    Equity guru praises US-listed owner's freshly minted loan as ORIG stake remains intact.
  • Cantor cuts Excel
    Analyst urges clients to "sell" shares of US-listed bulker owner amid spot market scare.
  • Thai floods to hurt Japan
    Japanese shipments may be stifled by a natural disaster for the second time this year, ICAP says.
  • CSCL lines up mega-order
    Chinese container line ready to spend up to $1.13bn on 12 10,000-teu giants at CSSC.
  • Big John's book club
    Have you ever wondered what John Fredriksen and Tor Olav Troim keep on their coffee table?
  • China orderbook cut
    Industry ministry says shipbuilders' backlog down 14.5% this year in tougher markets.
  • George grabs tanker cash
    Nasdaq-listed DryShips nets $141m to pay for tanker quartet on order at Samsung Heavy.
  • CSCL loss at almost $250m
    Hong Kong-listed containership owner spends another quarter in the red in a difficult market.
  • Vafias wins round two
    Greek group claims another victory in ongoing charter dispute with Grand China Logistics.
  • CSSC profit slashed
    Chinese shipbuilding group sees third-quarter earnings drop 28%.
  • Dividend cut dents DHT
    New York-listed tanker owner's stock on the rocks after it reins in its shareholder payouts.
  • Cosco Pacific in profit dip
    Port operator sees earnings scaled back as third quarter fails to match earlier promise.
  • Pareto sees short VL spike
    Picky oil majors and frugal bunker agents could provide short-term boost for tanker rates, analyst says.
  • ITF fears pirate arms race
    Union warns use of armed guards could lead to a battle between shipping and pirates over who has the biggest gun.
  • Tanker writedowns on the wall
    Saga and DHT one-offs are a sign of things to come for tanker owners in the Q3 results season, analyst says.

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American Shipper - Ocean newsweb site
OCTOBER 26, 2011
  • OOCL puts more big ships on Intra-Asia
    OOCL is increasing the vessel size it operates on its KTX 2 loop, linking Japan with South China and Thailand, from 2,742 TEUs to 4,562 TEUs. Its Japan to Singapore KTX 1 loop already has 4,500-TEU ships.
  • Horizon drops transpacific service
  • Daily Maersk kicks off: A lion in winter?

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The Bunker Bulletinweb site
OCTOBER 26, 2011
  • Fujairah bunker prices stable
    Suez market 'busy'.
  • Prices soft in Rotterdam and Hamburg
    Cargoes said to be on the way to Rotterdam.
  • Companies 'working towards greener shipping'
    Software company to help shipbuilder deliver fuel-efficient vessels.
  • Statoil sees profits weaken
    Sales of biofuels up year-on-year.
  • Search for fuel-efficiency driving new orders
    Owners looking long-term and 'ignoring current supply- and-demand imbalance.'
  • Asian IFO prices firm at mid-week
    Supplies of bunker fuel mixed at key Asian ports on Wednesday.
  • Hong Kong to 'explore' possibilities of ECA in Pearl River Delta
    Hong Kong Chief Executive in discussions with other regional governments in China.
  • UK-based shipping company posts losses on 'weak' shipping market
    Braemar's environmental services business contracted to work on MSC Rena in New Zealand.
  • Norwegian OSV to receive diesel electric propulsion system
    Fuel consumption 'at least' 15% below comparable propulsion systems, says Caterpillar.
  • Container freight rate war 'to continue'
    'High probability' for rates to drop further, says Alphaliner.
  • Fuel pumping ops from stricken ship 'past halfway'
    Around 645 mt of fuel was removed from Rena as of Tuesday afternoon.

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