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11 December 2019 The on-line newspaper devoted to the world of transports 10:19 GMT+1

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The Business Timesweb site
DECEMBER 27, 2011
Shipping News
  • Baltic's main freight index ends year on low
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, ended trading for the year on a low dragged down by a slow holiday season.
  • Oil tanker rates plunge 23% this year
    Returns for the largest oil tankers hauling two million barrel cargoes of Middle East crude to Asia ended the year 23 per cent lower, as fleet growth exceeded cargo demand.
  • Shanghai to remain world's top container port
    Shanghai, China's wealthiest city, said it will remain the world's busiest port for a second year ahead of Singapore as the nation's economic growth boosts trade volumes.
  • Torm of Denmark sells two ship contracts at a loss

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Sched Netweb site
DECEMBER 27, 2011
  • South Carolina abandons dredging needed for Jasper Savannah River CT
  • Daily Maersk reliability trumps hype over 'conveyor belt' system: Drewry
  • Namsung order three 1,850-TEU ships for Southeast Asia trade
  • Indonesia's Meratus Line incorporate its subsidiary MIF Services Pte Ltd
  • Canadian Pacific Railway completes first stage of northern line upgrade
  • Florida gets US$10 million for box rail yard, open to CSX, but not NS
  • MASkargo probed for corruption, as part of internal cleanup
  • Eva Airways launches thrice weekly Shenyang-Taipei service
  • Implant Sciences closer to qualifying for TSA's air cargo screening
  • Fujian airports report 11-month air freight volume increased 8.8pc

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Exim Indiaweb site
DECEMBER 27, 2011
  • Alliances seen to boost box shipping rates in 2012
  • CARGOTEC's Kalmar straddle carriers power port expansion in New Zealand
  • CMA CGM in New Black Pearl service
  • HAMBURG SUD restructuring several services from Europe to Central America, South America West Coast & North America West Coast
  • Hamburg Süd, MSC to fuse Mediterranean-South America East Coast Services
  • Karnataka Maritime Board Act tabled
  • Maersk, US Navy testing bio-fuel blends on boxship voyage
  • Shipping firms asked to clear welfare fund dues
  • Transworldites go down memory lane
  • India, Australia sign pact facilitating better tax data exchange
  • Congestion surcharge at Chennai box terminals deemed unfair
  • Jebel Ali Port sets new productivity record
  • Paradip Port eyes container cargo to make up for ore shortfall
  • CCPA projects tea exports to drop 4 pc this year
  • Govt probing authenticity of exports to Bahamas, Cyprus
  • Mfg zones will boost employment: Gokarn
  • AIMA-INSEAD 'Global Advanced Management Programme' in January

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World Wide Shipperweb site
DECEMBER 26, 2011
  • Port of Woodland budget cuts property tax levels for 2012
  • Trucking association blasts new hours-of-service rules
  • COSCO making changes to executive board makeup
  • FMC extending comment period for Canada/Mexico port proceeding
  • OOCL plans to boost Atlantic Express Service

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Lloyd's Listweb site
DECEMBER 23, 2011
  • Torm sells two kamsarmax bulker newbuilding contracts
    Danish shipowner ups its expected loss before tax for 2011 to between $230m-$250m
  • Multiport teams up with China's biggest ship agency
    Penavico signs MoU with world's largest network
  • Moody's cuts Sovcomflot rating
    Downgrade triggered in part by poor performance of whole of the industry, reflecting oversupply of vessels
  • ICS issues reminder to shipowners of new STCW standards
    Crew must now have at least 10 hours' rest per day
  • Single-hull tanker fleet shrinks 28%
    Owners even selling double-hull VLCCs for demolition to alleviate overcapacity
  • Brussels 'back to square one' as it probes P&I brokers on IG
    Questionnaire contains errors and asks for information that the clubs have already provided
  • Box rates inch up
    But 2011 is ending on a dismal note for container shipping
  • NewLead slashes debt with sale of four tankers
    Owner says deal boosts liquidity and operating flexibility as it satisfies all liabilities to 10-bank syndicate
  • Shipping companies' Wall Street listings set to shrink
    Private equity appetite for shipping companies will increase in 2012
  • Brussels to tighten terminal operating concession requirements
    Draft document will affect the way that port authorities award contracts

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Fairplayweb site
DECEMBER 23, 2011
  • Court refuses SeaFrance resumption
    THE Paris Court of Appeal has rejected a union application for it to order loss-making French ferry operator SeaFrance to bring its four ships back into service between Calais and Dover
  • Precious might offload more ABG orders
    PRECIOUS Shipping's boss Khalid Hashim told Fairplay he might offload more ships ordered at India's ABG Shipyard if it continues to miss delivery dates
  • Petrobras cuts to the chase with rig talks
    PETROBRAS has canceled the tender process for 21 Brazilian-built oil drilling rigs, analysts told Fairplay today
  • Scorpio renegotiates covenants
    NYSE-listed Scorpio has placed an additional newbuilding order and secured loan covenant amendments that will restrict dividends
  • CSD shuffles tanker
    CHINA Shipping Development plans to let out its Aframax tanker Song Lin Wan to its subsidiary XC Shipping, on a one-year bareboat charter
  • Capesize rates converging
    CAPESIZE bulker rates routes to China from Australia and Brazil have diverged this week, brokers said today
  • Kogas to buy stake in Prelude LNG project
    SOUTH KOREAN gas supplier Kogas said today it would invest in the Prelude LNG gas project
  • China Shipping sees $2.3M in scrapping deal
    CSG RECKONS it will make $2.3M from scrapping two 1979-built bulkers
  • Suezmaxes opening a holiday gift box
    SPOT RATES for Suezmax tankers have extended their recent gains, thanks to active trading in the approach to the holidays approached, shipping analysts said today
  • NewLead sheds four tankers
    NASDAQ-listed NewLead Holdings today confirmed the sale of four LR1 product tankers to cure its debt to a bank-led syndicate

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The Journal of Commerceweb site
DECEMBER 23, 2011
  • Asia-Europe Spot Rate Jumps 7.4 Percent
    The average spot rate for container shipping from Asia to Europe jumped 7.4 percent in the past week, part of...
  • UASC to Hike India-Europe Trade Rates
    United Arab Shipping Company will seek a general rate increase on westbound trade from the Indian Subcontinent, Red Sea and...
  • Hanjin Shipping Sells Stake in Affiliate Company
    Hanjin Shipping is selling its stake in the Hanjin Group's holding company, prompting suggestions in South Korea that the container...
  • Japan Supply Chains Still Hampered by Thai Flooding
    Many Japanese companies are still feeling the pinch of heavy flooding in Thailand because of supply chain disruptions, according to...
  • Hapag-Lloyd Sets Surcharge on India-US Routes
    Hapag-Lloyd imposed an "emergency revenue charge" on all containers moving from the Indian Subcontinent to the U.S. and Canada. ...
  • Declaring Safety First
    It was a major breakthrough for container ship safety when ports this month joined with carriers in endorsing a global...
  • 2012, Clearly
    Alfred Kahn, the late economist and noted transportation deregulator, once famously claimed that if we simply used the word "banana"...
  • C-TPAT Eyes Exports
    If there's a terrorist cell in America plotting to export weapons of mass destruction, it hasn't been discovered yet. That's...
  • Covering Your Assets
    Q: I've read your article in the Nov. 14 issue on the spoiled load of imported shrimp. (Editor's Note:...

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Containerisation Internationalweb site
DECEMBER 23, 2011
  • Cocoa containers to boost Amsterdam's traffic
    The decision of Hapag-Lloyd, ZIM Line and Mitsui OSK Lines to route their jointly-operated northern Europe-West Africa to Amsterdam during the peak season for cocoa ...
  • Tauranga to add more twin-lift equipment
    New Zealand's port of Tauranga is to phase in additional yard equipment with twin lift capabilities next year as it battles to process increasing traffic volumes ...
  • Transpac rates on the up: Santa Claus on his way?
    After weeks of decline, the latest spot rates on the transpacific have increased according to the World Container Index (WCI), providing some welcome festive good ...
  • Exploding reefers tackled by COA & TT Club
    The threat to the global supply chain from exploding reefer containers - that have been contaminated by the introduction of counterfeit gas - was debated at a forum ...
  • ICTSI puts in place reefer express lane at MICT
    A rise in the volume of perishable products and a desire to raise overall levels of customer service have led International Container Terminal Services Inc [ICTSI] ...
  • Tacoma port sees strong exports for November
    The US Pacific Northwest port of Tacoma has seen exports surge for November - but imports have shown static year-on-year growth, which the terminal says reflects ...
  • Bleak haus Xmas for German boxship owners
    There will be plenty of schnapps needed this Christmas to drown the sorrows of German boxship owners facing a seemingly never ending decline in daily hire rates ...
  • Floods compound Dar es Salaam's congestion problems
    Heavy rains and flooding that have caused the death of more than 20 people and led to extensive damage to roads, bridges and other infrastructure in the port city ...

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TradeWindsweb site
DECEMBER 23, 2011
  • YZJ deal a natural hedge
    Chinese outfit's purchase of a shipbreaking business will ease the pain of a shipbuilding downturn, AM Fraser says.
  • Daewoo drillship delayed
    Korean shipbuilder pushes back delivery date for a drillship on the verge of being handed over.
  • Torm loss may reach $250m
    Sale of two kamsarmax newbuilding contracts agreed as pressure mounts to tackle Danish shipowner's $1.8bn debt mountain and agree a new rights issue.
  • STX OSV nets fish deal
    Singapore-listed shipbuilder reels in fresh order for a fish food bulk carrier.
  • BW Group's Stadt not sold
    Andreas Sohmen-Pao-led owner says reports that it has sent a double-hulled tanker to be demolished are unfounded.
  • Capesize Xmas cheer
    Good news for drybulk owners as a bleak year draws to a close.
  • Fighting back in tough times
    A shipowner attacks malicious scuttlebutt, storms compared, a message to Brussels and why making friends in the liner trade pays.
  • Petrobras cancels rig tenders
    Brazilian giant said it is calling off a tender for the contracting of 21 domestically built offshore drilling rigs.
  • BW offloads double-huller
    Andreas Sohmen-Pao-led shipowner joins Japan's MOL in scrapping a relatively young double-hulled VLCC.
  • NewLead confirms LR1 sales
    Greek shipowner says sale of four 73,000-dwt product tankers will reduce its indebtedness by nearly $148m.
  • China Shipping scraps two
    Top Chinese shipowner opts to offload two veteran handysize bulkers to a domestic breakers yard.
  • Memorable news from a challenging year
    Tradewinds' online news reporters explain their favourite shipping articles of 2011.

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The Bunker Bulletinweb site
DECEMBER 23, 2011
  • Bunker markets slow as Christmas holiday nears
    NYMEX futures were closed due to the Christmas holiday.
  • Markets close early as holidays approach
    Little activity in Rotterdam.
  • Fujairah prices still climbing
    Suez marker will be closed on Monday.
  • New Spanish foreign minister 'familiar with the Gibraltar issue'
    Jose Manuel Garcia-Margallo 'has regularly asked questions in the European Parliament' on Gibraltar and bunkering.
  • Wartsila looks for 'optimal fuel consumption' in specialist vessels
    'These ships will be a high profile representation of our capabilities,' says marine power provider.
  • Operational efficiencies give Singapore competitive edge
    'Liberal market structure' is helping underpin the bunker hub's success.
  • Bunker prices at major Asian ports largely up as week ends
    Avails mostly tight at key Asian ports on Friday.
  • Germanischer Lloyd gets accreditation for ISO 50001 certification
    Accredited by German national accreditation body DAkkS to provide worldwide energy management systems certification.
  • Supply tightness in Hong Kong to ease in January
    Local traders expect Hong Kong premium to widen.
  • WFS CEO sells shares of the company
    Transactions made as part of a trading plan 'for diversification and tax planning purposes'.
  • 'World's first' hybrid ferries get propulsion system
    Propulsion system to cut ferries' fuel consumption and CO2 emissions by at least 20%.
  • 2011 'challenging' for tanker owners
    Owners had to deal with high bunker prices, overcapacity and low earnings during the year, says shipbroker.

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