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31 March 2020 The on-line newspaper devoted to the world of transports 14:03 GMT+2

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The Business Timesweb site
OCTOBER 28, 2011
Shipping News
  • Growing dry bulk fleet seen capping rate gains
    Deliveries of new dry bulk ships are on course to reach their highest level ever this year and fleet expansion is expected to remain strong in 2012, ship broker SSY said on Wednesday.

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Sched Netweb site
OCTOBER 28, 2011
  • L.A. opens China door for apparel exporters targeting second-tier mainland cities
  • TS Lines adds India-Middle East loop
  • Vanguard launches three direct services from China and Japan to Chicago
  • Horizon Line slashes trans-Pacific FSX and working to minimise disruptions to customers
  • NYK steps into the Brazilian Cabotage Business
  • DHL starts new Germany-Asia ocean freight service for food
  • MCC Transport extends free-time by a week for Thailand customers
  • Terminal operators resist enforced box weigh-ins: World Shipping Council
  • Rotterdam port ties up Vietnam's Vinalines on development
  • Emirates joins Asia partners on new FE-India service
  • Vladivostok Air gains AAT cargo handling agent in Hong Kong
  • Q3 air cargo volume drops slightly in South Korea
  • FedEx gives US$15,000 to support flood victims in Thailand

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International Transport Journalweb site
OCTOBER 27, 2011
  • Hunter expressway construction on time in Australia
    Another milestone has been reached on the new USD 1.65 billion Hunter expressway in NSW (Australia), construction workers having successfully removed 1 million cbm of earth. Austra...
  • EU's Marco Polo project open for new proposals
    The 2011 call for Marco Polo project proposals was recently published. EUR 57 million will be available to finance 30 projects. The call will be open until 16 January 2012. Special...
  • CargoLine European hub to move to Eichenzell
    The German general cargo alliance CargoLine's European hub is set to move from Hauneck to Eichenzell (Fulda) by 1 March 2012. CargoLine's partners will then have 3,500 sqm of handl...
  • Contrans cooperates with Canadian Pacific
    Canadian Pacific will be the exclusive Canadian rail transport provider for Contrans, deploying Raildecks' innovative multimodal flat rack containers. The agreement between the two...
  • Swisslog appoints Karl Pühringer as head of healthcare solutions
    Karl Pühringer will take over the management of Swisslog's healthcare solutions division on 1 January 2012 and join the group management of Swisslog in this role. The division has ...
  • Port of Dunkirk reports increase in traffic
    More than 3.9 million t of goods were handled in Dunkirk in September, making it the seventh busiest port in northwestern Europe. 26,000 teu were moved in the month, bringing the t...
  • PD Ports gears Hull container terminal up for growth
    Hull container terminal, operated by PD Ports, has completed the re-configuration of its container cranes and thus increased the facility's efficiency. One of the three rail-mounte...
  • Fiata World Congress 2014 to be held in Berlin
    Berlin has been chosen as the venue for the next congress of the International Federation of Freight Forwarders' Associations in three years. The German capital will host an intern...
  • AAT new Vladivostok Air cargo handling agent in Hong Kong
    Vladivostok Air appointed Hong Kong's Asia Airfreight Terminal Co (AAT) as its agent for cargo handling and documentation in the territory on 21 October, when the airline launched ...
  • Budapest welcomes first Cargolux B747-8F
    The arrival of the first Boeing B747-8F recently marked a milestone and the beginning of a new era in Cargolux's operations to and from Budapest airport. Cargolux began operating r...
  • LH Cargo Charter adds second partner in Canada
    After starting a GSA partnership with Airline Network Service for the Montreal area just a few weeks ago (see ITJ Daily of 7 September), Lufthansa Cargo Charter has now chosen Aero...
  • Corrigendum re "Wüst building new logistics centre in Germany"
    Unfortunately, we made a regrettable mistake in this article in the ITJ Daily of Monday 24 October. The correct internet address of Wüst Logistik is

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Marine Logweb site
OCTOBER 27, 2011
  • BSEE approves first BP drilling permit since Deepwater Horizon
  • Bath Iron Works moves 4,000 ton Zumwalt module
  • Wärtsilä donates diesel system to SUNY Maritime College
  • Gulf Island Fabrication reports third quarter results
  • Hornblower Hybrid makes New York Harbor debut
  • Northern Lights introduces hybrid marine propulsion solution
  • Kirby reports record third quarter results

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World Wide Shipperweb site
OCTOBER 27, 2011
  • Upgraded stormwater collection system tested at Portland International Airport
  • Industry executives testify at House transportation hearing
  • Genesee & Wyoming VP earns AAR environmental honor
  • New pub & grill opens doors at Seattle Fishermen's Terminal
  • NYK subsidiary charters pair of new shuttle tankers

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Lloyd's Listweb site
OCTOBER 27, 2011
  • Product tankers less likely to see dramatic newbuilding price cuts
    Limited number of specialised yards will mean less competition, says d'Amico
  • Win-win for shippers
    Asia-Europe box rates hit new 2011 lows
  • Cosco takes another big hit
    Third-quarter net loss of $330m puts China's largest shipping company $755m in red
  • Vale confident of high iron ore prices despite spot market dip
    Increasing demand from emerging economies to keep global market tight, Brazilian miner says
  • Supramax rates heading south
    Atlantic basin marked by negative sentiment as competition depresses Pacific prices
  • Marseilles-Fos throughput rises only 1% in nine months
    Ferry and cruise passengers rise 11%, but with stark contrasts on different routes
  • KG houses turn to third-party funding as investors shun market
    Many funds either put on hold or extended as uncertainty amid euro crisis continues
  • 'Huge disconnect' in way seafarers are treated by shipping industry
    Crew wellbeing should be top of agenda, CSR forum is told by shipmanagers
  • Companies with a conscience are a better bet for loans
    ABN Amro says a risk assessment factoring in corporate social responsibility policy has become mandatory in new loan evaluations
  • Petrobras rig-building looks set for delays
    MS suggests that the 28th unit of Petrobras' 28-rig programme could be delivered as late as 2025
  • Take with a pinch of pre-salt
    Talk BG was selling stakes in the Santos Basin was untrue but production delays increasing
  • Report's model features wide range of scenarios
    MS study examines requirements for exploratory and appraisal drilling, as well as floating production equipment
  • Environmental challenges still to come post-2015
    Provisions in revised Marpol Annex VI will take effect over a decade
  • Grimaldi seeks third-party business for Tin Can terminal
    Spare container capacity attracts new business
  • Ports in the vanguard of Nigeria's privatisation programme
    Private sector expertise needed to spearhead economic growth and keep momentum going
  • Nigerian importers welcome Apapa transformation
    APM takes port from slum to well-run terminal heading for 1m teu capacity
  • Nigeria looks east
    Ships designed specifically for the West Africa trades will support the region's flourishing trade with China
  • Cargotec revamp will shed 115 jobs
    Industrial & Terminal division to be split into two new business areas
  • Light amid the gloom
    Amid the alarm about profits and cash draining away, there are still some companies with positive stories
  • Poor spot rates and currency conversions hit d'Amico bottom line
    Italian product tanker company reports loss of $9.6m in third quarter
  • Fuel option revaluation dents Royal Caribbean third-quarter results
    Cruise operator reports 'gratifying' net profit rise of 14% year on year
  • Opportunity in the air
    China's shipping market is maturing, making mistakes and learning from them ' and doing some of this out in the open
  • Strong inland barge and diesel engine fundamentals boost Kirby profits
    Jones Act major posts 'record' third-quarter net profits
  • Tianjin Port sees profit boost in first nine months
    Quarter-on-quarter results show earnings are stable despite box market slump
  • Concern over absence of Qatari LNG tankers looks misplaced
    Taking 54 vessels out of service may have less impact than anticipated
  • Skuld head of communications quits in reshuffle
    Eric Jacobs' position as chief legal counsel being advertised on website
  • Sinotrans logistics arm clings to growth
    Hong Kong-listed company posts $125m profit for first nine months of year
  • Hutchison seals 10-year deal to operate UAE terminal
    Hong Kong operator to modernise Ajman Port, gateway to the smallest of the emirates
  • Fred Doll dies
    Founder of Doll Shipping Consultancy was renowned for his knowledge of the industry
  • Precious posts 23% fall in net profits
    Thai dry cargo specialist hit by low freight rates and forecasts 'challenging' two years

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Fairplayweb site
OCTOBER 27, 2011
  • Russian yards offered
    RUSSIA'S United Cargo Logistics Holding has told Fairplay it is discussing a sale of its Oka and Nevsky shipyards to Russian Financial Corp
  • RCCL trims outlook
    ROYAL Caribbean today reported a 14% gain in profits for its latest quarter but still pared its forecast because of currency and fuel revaluations
  • Argentine ports blockaded
    TRUCK drivers demanding higher pay are blockading four Argentine ports, choking grain exports
  • Floods could hurt car carrier sector
    PARTS disruptions caused by Thailand's floods has forced automakers to halt Thai production and threatened supply to vehicle carriers, IHS Global Insight reported today
  • Record nears for demolitions of drybulkers
    BREAKINGS of drybulk carriers might reach 26.3M dwt this year, four times the level of last year, a Norwegian shipbroker has estimated
  • LR: follow HK provisions now
    LLOYD'S Register today urged the swift implementation of the Hong Kong Convention as a "robust and transparent way of finding" hazardous materials aboard ships
  • KNOT shuttle tankers win 10-year TC
    KNOT HAS secured its first long-term shuttle contract with Italian North Sea oil and gas group MNC, ENI
  • Oz push could soften Pacific Capesize market
    BROKERS told Fairplay today that the Pacific Capesize market could soften further, with Australian miners trying to push down rates amid plunging spot iron ore prices
  • Chinese seen tripling steam coal imports
    CHINESE power generators are expected to triple steam coal imports by 2014, according to IHS McCloskey
  • VLCC gains unlikely to last
    SPOT rates for VLCC tankers added to recent gains today, but analysts warned that further upturns will be short lived
  • Veg oil demand seen rising
    A GOOD harvest for vegetable oils would lower prices and spur demand, according to IHS Global Insight economist Bob Maltsbarger
  • NYK enters Brazil trade
    JAPAN'S No 2 carrier NYK Line said today it has entered domestic Brazilian box trade by taking a 10% stake in Brazilian carrier Maestra Navegação e Logistica and its two group companies
  • STX Pan Ocean rebuts broker
    SOUTH Korea's biggest drybulk carrier, STX Pan Ocean, told Fairplay today that the group is thriving, despite broker speculation to the contrary
  • CSCL weighs up to 12 ULCSs
    DESPITE announcing dramatic 3Q2011 losses, China Shipping Container Lines said today it plans to join the ULCS bandwagon by ordering up to a dozen 10,000teu ships

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The Journal of Commerceweb site
OCTOBER 27, 2011
  • Boxer Challenges Mica's Transportation Plan
    Sen. Barbara Boxer, D-Calif., is challenging the feasibility Rep. John Mica's long-term transportation spending plan, signaling a looming battle with...
  • Matson Won't Add Guam Capacity After Horizon Exit
    Matson Navigation Co. said it has capacity to handle cargo demand to Guam without adding ships in the wake of...
  • Knight Boosts Revenue to $227 Million
    Knight Transportation increased revenue 18.4 percent year-over-year in the third quarter to $227.1 million, but profit dropped slightly to $16.6...
  • Container Imports Rose 1 Percent in September
    U.S. containerized imports rose 1 percent in September as a 25 percent jump in auto parts shipments helped offset declines...
  • Is Rena's Recovery a Lost Cause?
    Cargo owners and insurers that suffered losses in the wreck of the container ship Rena on a reef off New...
  • Trucking Rides a Domestic Wave
    Domestic truck volumes in North America are on a different course than U.S.-bound containerized ocean freight, rising faster year-over-year and...
  • A Market Share Shift?
    Some of the largest truckload carriers reported rising third quarter volumes, but not all carriers got into the fast lane....
  • ODFL Revenue Nears $500 Million in Quarter
    Old Dominion Freight Line's third-quarter revenue reached nearly half a billion dollars, a record for the sixth-largest U.S. less-than-truckload carrier....
  • Exports Help Push GDP Growth to 2.5 Percent
    The U.S. economy expanded at a 2.5 percent rate in the third quarter, the best performance in a year, aided...
  • Celadon Trucking Profit Jumps 23 Percent
    Celadon Trucking's freight revenue dropped 6 percent in the third quarter, but the truckload carrier's profit rose 23 percent as...
  • NY-NJ Port Authority Buys Out Terminal Lease
    The Port Authority of New York and New Jersey bought out the 10-year lease that American Stevedoring International held on...
  • North China Port in $7 Billion Expansion
    Dandong Port in Northern China will spend nearly $7.1 billion over the next five years to increase throughput some 67...
  • China Shipping Loses $149 Million as Rates Tumble
    China Shipping Container Lines lost $149 million in the third quarter, as weak rates caused revenue to tumble 36 percent...
  • Cosco Loses $325 Million, Reverses Year-Earlier Profit
    China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a...
  • Pacer Profit Jumps Six-Fold to $6.6 Million
    Intermodal provider Pacer International had a 600 percent leap in third quarter profit to $6.6 million, as income from operations...
  • Costamare Boosts Revenue, Readies Expansion
    Costamare boosted third quarter revenue by nearly 13 percent from a year to $99.9 million, as the Greek container ship...
  • Falling Revenue Cuts Lufthansa Cargo Profit 57 Percent
    Lufthansa Cargo's profit fell 57 percent year-over-year to $50.4 million in the third quarter, as the German air carrier warned...

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Containerisation Internationalweb site
OCTOBER 27, 2011
  • More oil removed from Rena
  • NYK to launch Brazil cabotage service
  • Maersk Daily goes live successfully
  • COSCO Pacific's Q3 net profit falls as volumes slow down
  • CSCL hurtles USD250 million into the red for first nine months

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TradeWindsweb site
OCTOBER 27, 2011
  • Fred Doll dies at 54
    Shipping industry veteran Fred Doll passes away suddenly following heart attack.
  • Exmar on the up
    Belgian gas carrier specialist ready to book $4m gain from freshly minted S&P deal following profitable third-quarter.
  • Crude cannibals
    Tanker brokerage sheds light on market threat as suezmaxes muscle VLs out of the Atlantic Basin.
  • OSX flexes financial muscles
    Brazilian billionaire's offshore syndicate emerges victorious in $850m dash for cash.
  • RCCL trims forecasts
    Ticket yields push up US cruiseship giant's third-quarter figures while full-year earnings estimate heads south.
  • DL eyes Turkey run
    Moldovan port operator charters Estonian cargoship Kalana for new feeder service.
  • Record bulk carrier demolitions
    The number of dry cargoships sold for recycling this year is at an all-time high.
  • China Cosco in huge loss
    Chinese boxship and bulker owner warns over full year deficit after it ends first nine months $813m in the red.
  • CSIC posts 15% earnings fall
    After a first half surge, China's largest group of shipyards announces an earnings drop.
  • D'Amico down not out
    Italian products tanker owner's nine-month loss grows, but boss Marco Fiori is hopeful of a winter boost to rates.
  • Guangzhou profit fall
    South China's largest shipyard posts a large fall in income for third quarter.
  • China Shipping Dev down
    One of China's largest shipowners posts a much-reduced profit for 2011.
  • U-Sea charters two
    Danish owner builds fleet to 23 ships with long-term deals for two Japanese-built kamsarmaxes.
  • ZPMC posts 3Q profit
    Shanghai Zhenhua Heavy Industries has posted a profit in three months to 30 September.

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American Shipper - Ocean newsweb site
OCTOBER 27, 2011
  • NYK enters Brazilian cabotage trade
  • Costamare in deals with MSC, Evergreen
  • Rena clean-up costs mount
    Costamare says its containership Rena is a total constructive loss. The incident will have a financial impact on the company but says it has insurance for pollution, salvage, clean up response, hull and machinery and third party claims.
  • 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.
  • Trailer Bridge CEO resigns
  • Horizon drops transpacific service

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The Bunker Bulletinweb site
OCTOBER 27, 2011
  • Canada signs environmental maritime convention
    Global regime will increase levels of compensation to those affected by pollution from hazardous and noxious substances caused by ships.
  • Fujairah prices steady
    In Cape Town, MGO deliveries were available for supply up to and including November 10.
  • Rotterdam bunker market 'has taken a pause'
    In Hamburg, there was good demand in the marker for products.
  • Market sees 'unprecedented' volumes of fuel oil
    Trader says prices are 'unsustainable' and that the fall will be 'drastic'.
  • SkySails in project to develop emissions-free yacht
    Solar-electric kite yacht will 'revolutionise the yachting world.'
  • Fuel oil stocks at 4-week high
    Arbitrage volumes to remain strong into November.
  • Bunker tanker replaced at wreck scene
    Tug now being used to receive de-bunkered fuel.
  • IFO prices down at key bunker hubs
    Supplies of bunker material mixed at key Asian ports on Thursday.
  • French ferry service to use lithium-ion powered vessels
    Each hybrid ferry will be equipped with a 140 kWh lithium-ion battery system, says Saft.
  • Kirby posts 'record' earnings in Q3
    Due to high inland tank barge utilisation levels and favourable term and spot contract pricing.
  • Costamare narrows quarterly profits
    Grounding of Rena to have 'financial impact' to Costamare.
  • Fuel transfer from Rena 'slows down'
    737 mt of fuel removed from Rena as of Wednesday afternoon.

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