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02 April 2020 The on-line newspaper devoted to the world of transports 04:48 GMT+2

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The Business Timesweb site
APRIL 29, 2011
Shipping News
  • Aussie dock workers renew threat to strike
    Australian dock workers yesterday renewed their threat to strike over pay and conditions, warning that they would stage a 24-hour walkout tomorrow at the nation's three major ports.
  • Grain shipments down 40% on Mississippi
    High water on the Mississippi River has slashed grain shipments about 40 per cent and could pose a threat to exports from the US Gulf, the main exit for agricultural products to world markets, industry sources said on Wednesday.
  • Court to decide Samho's future
    A South Korean court will decide next month the future of privately held chemical tanker firm Samho Shipping, which filed for bankruptcy protection this week, the latest casualty of the distressed global freight market.

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Sched Netweb site
APRIL 29, 2011
  • Good news from Japan: MOL profit up 358pc, NYK, 'K' Line erase 2009 losses
  • China Shipping Container Lines narrows loss to US$22.4 million in first quarter
  • New Asia New Zealand Discussion Agreement bunker surcharge: US$700 per TEU
  • MOL splits Singapore-Mumbai-Karachi (NKX) service into two loops
  • UASC borrows US$140 million to buy nine 13,100-TEU ships
  • Seaspan takes in 8,500-TEU Cosco Vietnam - last of 8 newbuildings
  • Wuhan starts building first public logistics information portal
  • Manzhouli steel exports triple in first two months of 2011
  • Guangxi to increase port capacity 300 million tonnes in five years
  • UPS quarterly profit up 66pc to US$900 million on 7.3pc sales hike
  • Price-fixing Sea Star Line, Crowley settle on US$52 million for shippers
  • South Carolina's Charleston's containers up 12pc from July-March
  • Chemical leak delays sailing of 6,350-TEU Hyundai Oakland in Tacoma
  • Russia's National Container Company launches 'dry port'
  • Canada Pacific Railway quarterly profit falls 67pc to US$35.4 million
  • Air China Cargo commences Dalian-Shanghai-Frankfurt service
  • Huntsville, Alabama, airport sees rail drop, but air cargo rise
  • Qantas adds US$105 fuel surcharge on international prices

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Exim Indiaweb site
APRIL 29, 2011
  • Pinkcity Logistics targets global presence by 2020
  • ICTT breaks national records in operational efficiency
  • Navy warship to be on display at Kandla Port
  • New Mangalore Port berths first main line vessel of fiscal
  • Port Pipavav registers increased EBITDA margins in Q1 2011
  • 10K-cr. freight corridor project contracts to be awarded by year-end
  • CONCOR net up 17 pc in Q4, 6 pc for fiscal
  • India against EU trade concessions to Pak
  • China's economy to overtake US by 2016: IMF

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International Transport Journalweb site
APRIL 28, 2011
  • Egyptair continuing daily Bangkok service
    Egyptair is extending its Boeing B777-300ER operation on the daily Cairo ' Bangkok service until 31 May. Previously this service was scheduled to operate until today (28 April).
  • Busiest month at Singapore airport for three years
    Despite declines for passenger movements between Singapore Changi airport and Japan, on the cargo front, March 2011 was Changi's busiest month in three years, with airfreight ...
  • CSX: operating income improves 22 % to USD 773 million
    CSX Corporation reported first quarter 2011 net earnings of USD 395 million, versus USD 305 million in the same period last year. This represents a 36% year-on-year impro...
  • Hub Group: 22% up in Q1/2011
    The US service provider Hub Group reported a net income of USD 10.5 million for the quarter ended 31 March 2011, an increase of 22% compared to last year's first quarter....
  • Volkswagen: more trucks sold again
    The German car manufacturer Volkswagen sold 121,200 trucks in the first quarter of the current year, 36.2% more than in the same time frame in 2010 when a total of 89,000 trucks we...
  • 2010 - a year of strong growth for Arval
    The Arval Group showed a strong upturn in its activities for 2010. Its performance significantly outstripped that of the market with a 10% increase in the leased fleet to reach a t...
  • GATX Rail Europe enters Turkish market
    GATX Rail Europe is entering the Turkish market with the deployment of newly manufactured railway tank wagons. These state-of-the-art, 95 cbm wagons, which are designed to eff...
  • Correction: FedEx in Delhi (ITJ Daily of 18 April 2011)
    FedEx would like to clarify that it currently does not have plans to establish a deep freeze shipping recharge point in Delhi. The recharge capability in India is a Cryoport servic...
  • Port of Long Beach welcomes Grand China Shipping
    Grand China Shipping, one of the fastest growing ocean carriers in China, recently made its inaugural call at the Port of Long Beach CA (USA), when one of its vessels berthed at th...
  • French shipowners call for better conditions in the EU
    The French inland shipowners association CAF (Comit' des Armateurs fluviaux) held its annual meeting in Paris this month (April). One of the conclusions that was drawn...
  • Port of Rotterdam: one million containers in one month
    The port of Rotterdam became the first port in Europe to handle 1 million containers in one month in March. The record was achieved in the evening of the last day of March when the...
  • Fiege signs logistics contract with Frimo
    The German logistics group Fiege has signed a multi-year contract with Frimo, a company based in Lotte, near Osnabr'ck (Germany). Under the terms of the pact Fiege will b...
  • FedEx rolls out EarthSmart programme in EMEA region
    The CEP service provider FedEx Express, owned by the US FedEx Corporation, has officially launched its sustainability programme EarthSmart in Europe, Middle East, Indian Subcontine...
  • UPS: earnings up 66% in Q1/2011
    Business is currently flourishing for UPS, the world's largest parcel service provider. Q1/2011 sales rose by 7% to USD 12.6 billion and the profit vaulted by 66% to USD ...
  • Ceva Logistics appoints Piotr Zborowski as senior VP Eastern Europe
    Ceva Logistics, one of the world's leading supply chain companies, has named Piotr Zborowski as senior vice-president (VP) of Eastern Europe. Zborowski has over 15 years experience...

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Marine Logweb site
APRIL 28, 2011
  • Obama nominates Panetta to succeed Gates as Secretary of Defense
  • First Coast Guard FRC launched at Bollinger Lockport
  • Court slashes Horizon Lines fine
  • Indian seafarers protest pirate Asphalt Venture hostage-keeping
  • Yangzijiang Shipbuilding still planning capacity expansion
  • Kirby to invest $100 million in new tank barges

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World Wide Shipperweb site
APRIL 28, 2011
  • Bremerton Port Commission taps Thomson as new CEO
  • Ceremony marks naming of new OOCL container ship
  • Latin American Ports congress set for June 22 - 24 in Lima
  • NOL Group honored with Asian Freight & Supply Chain awards
  • Federal funds earmarked to purchase rail cars for Caltrans

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Lloyd's Listweb site
APRIL 28, 2011
  • Europe-US medium range tanker earnings hit 30-month high
    Three-day working week due to UK national holidays creates charter rush, taking product tankers off spot market
  • Ardmore acquires two newbuildings from Hellespont
    Two IMO II chemical tankers originally ordered by Hellespont in January 2009 and are being built at Sekwang Shipbuilding in South Korea
  • Sanko sells supramax pair for $38m
    The Sanko Steamship Co is understood to have sold two 13-year-old supramax bulk carriers for $19m each in the secondhand sales market
  • Gazprom secures 31% rise in refined product sales
    Russia's energy giant Gazprom saw its net sales of refined products rise by Rbles168bn ($6bn), or 31%, in 2010 compared with the previous year, mainly due to price increases for refined product
  • Base rates look set to remain low
    The key indicator for the wholesale money market, the six-month dollar London Interbank overnight rate, has flatlined since the credit crunch
  • Growing confidence spurs shipping companies to eye big investments
    CMA CGM's successful bond issue has left other shipping investors eager to grab a slice of the action
  • The age of the Chinamax
    Rise of eastern megacities will drive vast demand for raw materials even higher
  • Naval action has reduced successful pirate attacks
    Success rate of pirate attacks off the coast of Somalia in the first quarter of 2011 was 13%-15%
  • It is time for governments to get a grip on piracy
    Robust laws are required to protect seafarers as the use of motherships has increased the expanse of ocean vulnerable to pirate attack
  • Japan endures
    The big three Japanese lines have slashed their earnings expectations for the year
  • Persuasive facts
    Britain's maritime industry no longer has a household name at its core
  • North Africa and Japan rain on Royal Caribbean parade
    'Spectacular' year now has become merely a 'very good' one, says Richard Fain
  • CSCL falls into the red again
    Continues spending on vessels despite first quarterly loss in a year
  • Cash flow is crucial in debt finance ratings
    Credit rating agencies must be responsive to changing dynamics when evaluating offshore drill firms
  • Harren & Partner secures funding for offshore unit
    Goldman Sachs Capital Partners fronts up after IPO plans dropped
  • Maersk in $1.3bn deepwater drillship order
    Drillships will be capable of drilling wells of greater than 40,000 ft
  • China and India to spearhead Asian growth
    IMF report sees important spillover for other countries in region
  • Owners seek spin-offs to boost asset returns
    Seadrill, Aker and Sevan have all spun off entities
  • Australian dock union face legal action
    Accused of unlawful industrial action
  • Yangzijiang reports strong first quarter
    More orders and higher margins behind positive figures
  • Sekwang Heavy seeks bankruptcy protection
    Joins growing list of South Korean companies in difficulty
  • Ardmore buys Hellespont chemtankers
    Two IMO II chemical tankers originally ordered by Hellespont in January 2009 and are being built at Sekwang Shipbuilding in South Korea
  • International Shipholding revenues fall
    Profits fall in line with declining earnings
  • Ireland demands special dividend from Dublin Port Co
    Government seeks to bolster revenues from profitable state-owned companies
  • Ocean Rig orders second drillship this month at Samsung Heavy Industries
    Declares option on additional unit in order worth $611m
  • K Line warns of 'unpredictable' year ahead as it posts $368m profit
    Says earnings environment for car carrier segment will be 'extremely harsh' in near term
  • NYK slashes profit forecast to reflect impact of earthquake and tsunami
    Warns car transport volumes could 'plummet' as bulk and tanker markets remain 'subdued'
  • MOL posts $700m profit in but steep decline expected this year
    Significant drop in car exports from quake-hit Japan, dry-bulk market slump to take toll

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Fairplayweb site
APRIL 28, 2011
  • Flipflop conversions rise
    UPS AND downs in the box and drybulk sectors have resulted in a flipflop conversion trend for leading Chinese shipbuilder Yangzijiang
  • Misrata evacuation finally succeeds
    NEARLY 1,000 people fleeing Moammar Gaddafi's regime were reported evacuated today from the besieged Libyan port of Misrata
  • Sekwang of South Korea seeking receivership
    SEKWANG HI has applied for receivership, an official with the South Korean shipbuilder told Fairplay
  • Subscriber notice
    THERE will be no news bulletins tomorrow or on 2 May because of the UK holiday weekend
  • RCCL trims outlook
    CRUISE major RCCL today reported much better quarterly results than expected but cautioned on the rest of 2011
  • Capesize wiggle room seen
    BROKERS told Fairplay today Capesize rates have improved slightly this week, as Australian miners roll out more cargo approaching May Day and port congestion eases in Brazil
  • VLCC spurt eases
    VLCC SPOT rates are continuing to languish at historic lows, as the spurt of activity earlier this week eased
  • Tracing Samho's troubles
    A KEY counterparty appraiser told Fairplay today that Samho Shipping's troubles first surfaced last year
  • Japan liners warn on profits
    JAPAN'S three major liners said today they expect lower profits this year because of country's quake crisis

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The Journal of Commerceweb site
APRIL 28, 2011
  • Court Agrees to Cut Horizon Fine
    A federal court in Puerto Rico agreed to reduce Horizon Lines' $45 million fine for antitrust violations to $15 million,...
  • Dockworkers Sentenced for Payroll Fraud
    Two New York-New Jersey dockworkers have been sentenced after pleading guilty to submitting fraudulent time sheets for hours they didn't...
  • China Shipping Reports First-Quarter Loss
    China Shipping Container Lines said its net loss for the first quarter narrowed 24.1 percent from a year earlier to...
  • American Railcar Cuts 1Q Loss as Car Demand Returns
    American Railcar Industries trimmed its first quarter loss to $5.3 million from $7 million in the 2010 period but reported...
  • Pacer Rebounds From Loss to $2 Million Profit
    Intermodal service provider Pacer International posted net income of $2 million in the January-March period, up from a $500,000 loss...
  • Customs Begins Final Byrd Amendment Payments
    U.S. Customs and Border Protection is distributing the last antidumping duties to be paid to U.S. companies under the "Byrd...
  • LA Clean-Truck Case Goes to 9th Circuit June 10
    The U.S. Court of Appeals for the 9th Circuit on June 10 will hear oral arguments from the Port of...
  • OOCL Names First in 8,888-TEU Series
    OOCL christened its newest ship the OOCL Beijing in ceremonies Thursday at Hungdong -Zhonghua Shipbuilding in Shanghai. The OOCL...
  • Two Charged With NY-NJ Drug Smuggling Plot
    A dockworker at APM Terminals and a Maersk Equipment Service official were charged with conspiring to distribute more than two...
  • ANA Posts $284 Million Net Profit
    Japan's All Nippon Airways posted a net profit of $284.15 million in fiscal 2010, which ended on March 31, compared...
  • China Cosco Swings to First-Quarter Loss
    China Cosco Holdings swung to a loss of $77.3 million in the first quarter ended March 30 as global vessel...
  • RailAmerica Posts $4.1 Million 1Q Profit
    Short line operator RailAmerica swung to a $4.1 million net gain in the first quarter from a $2.5 million loss...
  • Port of LA Plans $3 Billion for Expansion
    The Port of Los Angeles in the coming decade will spend more than $3 billion to deepen its access channel,...
  • Japanese Government Submits Reconstruction Budget
    The Japanese government on Thursday submitted a supplementary budget of $48.8 billion for reconstruction following the March 11 earthquake and...
  • German Inland Containers Surge 18.4 Percent
    Container traffic on German waterways surged 18.4 percent to a record high in 2010, outpacing a 12.8 percent growth in...
  • Trinity Profit Soars, Railcar Orders Hit Record High
    First quarter net income for transportation equipment supplier Trinity Industries was nearly six times higher than a year earlier at...
  • 'K' Line Earns $368 Million, Forecasts Lower Profit
    Japanese carrier 'K' Line reported $368 million in net income for its just-ended fiscal year but forecast lower profit and...
  • NYK Reports Profit, Reduces Forecast
    Japanese shipping conglomerate NYK Line reported a $912.7 million profit for its just-ended fiscal year, reversing a $187.5 million loss...
  • Genesee & Wyoming to Launch Antwerp Service
    Genesee & Wyoming, the U.S. short line and regional rail company, will launch dedicated terminal shunting and feeder services in...
  • Japan Industrial Output Takes Record Tumble
    Japan's industrial production fell at its fastest pace on record in March, tumbling 15.3 percent from February, according to preliminary...
  • MOL Earns $700 Million Profit for Year
    Japanese ocean carrier Mitsui O.S.K. Lines earned $700 million net profit for its fiscal year ended March 31 but forecast...
  • Nevada Governor Names Rep. Heller to Fill Senate Seat
    Nevada Gov. Brian Sandoval, R, said he will appoint Rep. Dean Heller, R-Nev., to replace John Ensign in the Senate...

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Containerisation Internationalweb site
APRIL 29, 2011
  • Samudera ahead on volume and profit
  • Softship strengthens southern hemisphere coverage
  • APM T Pipavav posts strong Q1 11 results
  • Brado to bump boxes up to 500,000 per annum
  • Maersk signs up with Freightliner again

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TradeWindsweb site
APRIL 28, 2011
  • Judge cuts Horizon fine
    US liner operator scores major victory in federal court as judge reduces $45m antitrust fine to $15m.
  • OIG turns to private equity
    Harren & Partner and Goldman Sachs plough $500m into offshore owner following failed IPO in Oslo.
  • CCHC covered in red ink
    Bulker and boxship wing of Cosco group fingers lacklustre freight rates and oversupply in $77m loss.
  • LNG & offshore lift Exmar
    Belgian gas owner sends CFO Didier Ryelandt to Houston to head offshore unit following profitable quarter.
  • HRZ jumps on DoJ motion
    New York-listed liner owner's stock jumps 14% as US Department of Justice asks judge to slash $45m fine.
  • Concordia predicts profit
    President of Swedish shipowner predicts full-year profit despite sluggish pace of product tanker rebound.
  • Cosco eyes port plays
    Chinese group's boss Wei Jiafu ready to go "bottom-fishing" for terminal assets.
  • Havyard boosts core profit
    Saevik family controlled shipbuilder pushed up EBITDA in 2010 as cost controls help overcome a fall in revenue.
  • RCCL feels global tremors
    But company remains on track for strong 2011 despite downturn after roaring start.
  • Sanko sells supramax pair
    Japanese owner offloads bulker brace in the latest example of sliding asset values in the sector.
  • Daiichi storms back
    Japanese bulker owner turns around big loss in previous year as revenue grows.
  • Sekwang seeks protection
    Order drought, derivatives losses and banks' refusal to back refund guarantees pushes South Korean shipbuilder to the edge.
  • Ardmore expands fleet
    Anthony Gurnee does a buy two, charter two, chemical carrier deal with Hellespont.
  • Garware targets duo
    Indian offshore owner wants to seal $110m deal for large PSV acquisitions within 18 months.
  • Aus dockers to strike
    Port workers walking out at Melbourne, Sydney and Brisbane on Saturday over pay.
  • KLC duo to boost Scorpio
    Analyst pushes up estimates for New York-listed owner after $70m double buy amid talk a dividend is around the corner.
  • ISC profits skyrocket
    Split with DryLog sees New York-listed company hit $18m jackpot.
  • Rem toasts oil price rise
    Age Remoy-led owner says higher value of the black stuff has created 'great expectations' in the market.

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American Shipperweb site
APRIL 28, 2011
  • CBP: Export license decisions resolved faster
    Improved inter-agency collaboration and techniques have significantly contributed to reducing the timelines for U.S. export license determinations, said Todd Owen, a top supply chain security official at U.S. Customs and Border Protection. CBP's n...
  • UPS Airlines names VP flight operations
    UPS has named Matt Capozzoli as vice president of flight operations for UPS Airlines. He replaces Capt. Rick Barr, who is retiring after 23 years at the company. Capozzoli, 52, joined UPS in 1977, working in ground operations as a package handler, ...
  • CTSA raising currency fee again
    Member lines of the Canada Transpacific Stabilization Agreement will once again raise the currency adjustment surcharge they assess on shippers as of June 1. The fee will increase to 10 percent. It's currently at 8 percent, but will rise to 9 perce...
  • Hamburg Sud taking slots on three services
    German container line Hamburg Sud has joined three services as a slot buyer, according to research from American Shipper affiliate ComPair Data.The line has joined MOL's CSW services between China and the East Coast of South America by way of South...
  • Government proposes to slash Horizon fine
    The U.S. Justice Department, which earlier this year fined Horizon Lines $45 million for participating in a price-fixing conspiracy with competitors in the U.S. mainland to Puerto Rico trade, is now seeking to reduce the fine to $15 million. "The r...
  • Japan's big 3 net big 2010 profits
    Japan's big 3 net big 2010 profits Japan's big 3 net big 2010 profits Japan's three major container lines on Thursday reported collective operating profits of more than $1.2 billion for their fiscal year 2010, a major recovery from the $1.8 billio...
  • Maersk cuts transpacific leg of long-line service
    Maersk Line has significantly changed one of its core long-line services connecting Europe and the U.S. West Coast with Asia as the pivot, according to research from American Shipper affiliate ComPair Data. The line's former Asia-Europe-transpacif...
  • Norfolk Southern says profit up 26%
    Norfolk Southern said it had first quarter net profit of $325 million 26 percent higher than the $257 million earned in the same 2010 period, Railway operating revenue for the quarter ending March 31 was $2.6 billion, 17 percent higher. General me...
  • International Shipholding reports profit
    International Shipholding Corp. reported first quarter net profit of $24.1 million compared to net profit of $10.6 million in the same 2010 period. The higher profit came even though revenue was lower: $64.3 million in the first quarter compared to...
  • Issue deep and wide

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The Bunker Bulletinweb site
APRIL 28, 2011
  • Middle East prices mixed
    "Good times for Suez bunkering market", a player told Bunkerworld.
  • Maersk sees 'no major role' for biodiesel
    Trial vessel is now equipped to test 'other emerging fuel types' that can reduce environmental footprint.
  • Refiner to cut 'bunker grade' fuel oil cargoes
    Traders say loss of Essar Oil's output is 'significant' for marine fuel market.
  • Bunker prices mostly up
    In Gibraltar, a supplier reported tight avails with earliest delivery from May 3.
  • Testing agency sets up office in Hambantota
    'There are enormous opportunities,' says S B Consortium.
  • Low-emission Ro-Pax ferry study gets underway
    Green Ship of the Future confirms dates for information meetings.
  • Bunkers prices up at major ports
    Demand for bunkers mostly average on Thursday.
  • Vopak sells remaining share in inland barge company
    Interstream has a 'limited strategic fit' within Vopak's global terminal network strategy, says company.
  • NuStar to see 'increased earnings' from bunker business
    Fuels marketing to contribute up to $8 million increase in EBITDA in Q2 2011, says CEO and president of NuStar Energy.
  • Samho Shipping files for receivership
    Blames high bunker prices, low freight rates and costs related to piracy attacks.
  • Sinopec Zhoushan starts MGO deliveries at Chinese ports
    MGO sourced from a South Korean refinery.
  • High bunker prices 'positively impact' barge operator's earnings
    Raises earnings guidance for Q2 on back of expected 'accretive earnings' from recent acquisitions including the bunkering operation of Enterprise Marine.

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