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03 April 2020 The on-line newspaper devoted to the world of transports 09:55 GMT+2

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The Business Timesweb site
JUNE 29, 2011
Shipping News
  • Tanker rates for Asian routes seen weakening
    Rates for oil tankers on key Asian freight routes are expected to weaken over the next week, pressured by the IEA's release of emergency stockpiles of crude and refined fuel products, shipbrokers said yesterday.
  • US cuts SPR oil minimum delivery size
    The US Energy Department on Monday cut the minimum delivery size for the oil that it will try to sell this week from the Strategic Petroleum Reserve (SPR) that will be delivered by ship. The smaller lot size would make it easier for more US-based ships to transport the oil, and could encourage more bidding by companies interested in taking a smaller amount of reserve oil.
  • Tanker rates on global export routes climb
    Refined petroleum tanker rates on top global export routes were mostly firmer on Monday although growing vessel availability put the brakes on earnings gains in the transatlantic market.
Strait Talk
  • IMO's move on lifeboat safety unsatisfactory
    THE expression 'the road to hell is paved with good intentions' has never been far from my mind during the 20- plus years that I have covered the nightmarish saga of the enclosed lifeboat.

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Sched Netweb site
JUNE 29, 2011
  • MOL orders two 8,600-TEU ships, charters five 14,000-TEUers
  • Horizon secures reprieve from lenders extending life another quarter
  • Premier Wen Jiabao pledges to support sinking euro by buying bonds
  • Maersk Line orders 10 more 18,000-TEU ships for a total of 20
  • MOL appoints new senior executives across Asian operations
  • US makes U-turn to favour Jones Act carriers in shipping oil reserves
  • TS Lines, Hainan PO Shipping upgrade their joint China-Oz service
  • MSC has 2 million TEU afloat, a 12.9pc market share, crowding Maersk's 15.3pc
  • Russia's Global Port IPO raises US$534 million in London
  • Kerry Logistics builds 26,000-square metre logistics centre in Jiangsu
  • Disrupting Qantas engineers demand fourfold pay hike to return to work
  • Hainan Airline to launch Beijing to Busan service on June 29
  • Panalpina and TomTom renew air freight logistics contract

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Exim Indiaweb site
JUNE 29, 2011
  • ABG Shipyard bags maiden order from Defence sector
  • Ashte Logistics CFS completes two years of successful operations
  • CONCOR's CFS-Gandhidham implements Indian Customs EDI System
  • Pipavav Shipyard renamed Pipavav Defence & Offshore Engineering
  • EEPC India's show in Toronto from Oct. 17-20
  • AMTOI organises insurance workshop in Chennai
  • KCHAA & MCHAA welcome two new Customs Commissioners, felicitate outgoing one
  • Corporate tax mop-up may drop due to slowdown
  • RBI reassures exporters on bank credit ratings
  • New Globe Logistik implementing Softlink's enterprise logistics solution for total integration

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International Transport Journalweb site
JUNE 28, 2011
  • Growing demand drives Volvo to begin assembling I-Shift transmission in U.S.
    In order to meet growing demand for its innovative I-Shift automated manual transmission, Volvo Trucks today announced a USD 7 million investment to bring assembly of the transmiss...
  • Port of Koper: National Spatial Plan adopted
    The Management Board of Luka Koper d.d. was delighted to receive news that at its session held on 16th June, the Government of the Republic of Slovenia endorsed the National Spatia...
  • CHINA CNR supply iron ore hoper wagons to WPG Australia
    CNR Import & Export Corp., Ltd signed a contract of supplying 348 iron ore hopper wagons with CRMSC AUSTRALIA to WPG Australia. This is the first time for CHINA CNR to supply r...
  • Poland introduce road tax for all lorries
    On 1 July the new Polish system for collecting road tax will be introduced. All lorries over 3.5 tonnes must pay road tax on motorways, express roads as well as some national roads...
  • US Department of Transportation USD 126 million to ease train congestion in Chicago rail corridor
    U.S. Transportation Secretary, Ray LaHood, announced that the Illinois Department of Transportation can now start spending USD 126 million for Chicago's Englewood Flyover project, ...
  • Boeing delivers 777 Freighter to Etihad Crystal Cargo
    Boeing announced the delivery of a 777 Freighter to Abu Dhabi-based Etihad Crystal Cargo, the fast growing cargo division of Etihad Airways, the United Arab Emirates' national airl...
  • Port of Dunkirk: Increase of tonnage by 26%
    In May the Port of Dunkirk accomplished a tonnage of 4.44 million tons, this is equal to an increase of 26% compared with 2010. Thanks to the high level of activity in the major li...
  • Project Professionals Group conference wrapped up
    Specialist project forwarding network the Project Professionals Group were among the first in the industry to learn about Hansa Heavy Lift's operations and a new Indian coastal ser...
  • General Logistics Systems extends parcel service in Northern Europe
    GLS Denmark, the Danish subsidiary of the pan-European courier express and parcel service provider General Logistics Systems (GLS) based in Amsterdam (Netherlands), now also delive...
  • Dachser is going to establish a second location in the Greater Frankfurt area
    A new logistics centre is going to be established by March 2012 in Erlensee, close to Hanau in the Greater Frankfurt/Main area (Germany). The international logistics provider Dachs...
  • Daimler and Rolls-Royce secure a majority with Tognum
    The Daimler AG and Rolls-Royce Holding plc., have secured a big majority of Tognum shares, as both companies report. Both companies now hold 94.17% of the shares. Tognum will now b...
  • Infrastructure bottlenecks put the brakes on growth at Kombiverkehr
    In the 2010 financial year, Frankfurt-based Kombiverkehr KG posted some of the best results in the more than 40-year history of the company, with some growth rates in double figure...
  • The international lorry traffic has regained its breath
    The latest border census from the trade association International Transport Danmark (ITD) indicates that the lorry traffic across the Danish borders is back to the level before the...
  • Asian-Pacific air cargo volume falls in May
    Preliminary traffic figures for the month of May released last week by the Association of Asia Pacific Airlines (AAPA) registered significant declines in international air cargo de...
  • Russians visit Schiphol to learn about e-freight
    Amsterdam Schiphol's airport cargo department recently hosted a visit by a Russian delegation including representatives of Russian airport authorities, Russian customs and border c...
  • APL adjusts Trans-Pacific fuel surcharge to reflect slow-steaming
    Container shipping line APL has announced a new fuel surcharge formula in the Trans-Pacific trade that reflects the financial impact of slow-steaming, the industry-wide practice of...

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Marine Logweb site
JUNE 28, 2011
  • Brazil's OSX gets credit line to develop huge shipyard
  • MAN Diesel adds Chinese licensee
  • Bourbon to build six seismic survey vessels at Grandweld
  • U.S. Coast Guard, EPA sign agreement to enforce ECA
  • Schottel forms subsidiary in Russia

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World Wide Shipperweb site
JUNE 28, 2011
  • Port of Seattle welcomes 800th ABC Fuels vessel
  • IMO taps Koji Sekimizu as new Secretary-General
  • Mitsui O.S.K. Lines orders pair of new container ships
  • New passenger gate open at Bellingham Airport
  • ATA truck tonnage index drops during month of May

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Lloyd's Listweb site
JUNE 28, 2011
  • Stena Bulk turns down $125,000 a day LNG contract
    Owner opts for short period deal instead as rates are set to soar next year
  • Australia and Brazil capesize callings boost employment
    Growing fleet absorbed by rising exports of iron ore and coal
  • Aframax market doldrums look set to continue
    Aframaxes have had an exceedingly dull week, with little movement in northern Europe and a fall in the Mediterranean and even worse is that brokers do not expect that picture to alter dramatically in the short term, although some optimists see limited upside potential
  • ACM's Beijing office offers Chinese tanker advantage
    Proximity to oil company headquarters boosts broker's business
  • Pacific round voyage rate soars
    Prices nearing $12,000 per day
  • Seanergy seals new charter deals for bulk carrier trio
    Nasdaq-listed owner backs its period strategy despite lower rates
  • Skuld adds $65m to contingency reserves
    P&I Club reports strong overall performance
  • Greek seafarers promise further day of disruption
    Panhellenic Seamen's Federation voices fury at 'unprecedented' attack on pensions and other rights
  • The meaning of victory
    China's premier says inflation is defeated. Is this a signal tight lending conditions will ease?
  • Delegates welcome move to drop ships sold for scrap from Basel Convention
    European Commission proposes that ships sold for recycling should be removed from legislation's curbs
  • Industry joins forces to improve working practices
    Breakers and cash buyers at Informa's annual conference were eager to dispel the image of their industry as a dirty one
  • Koji Sekimizu voted IMO secretary-general
    Director of IMO maritime safety division achieved a decisive showing in the first round of voting, almost securing an outright victory with 19 votes
  • Why guarantees should be handled with care
    Refund guarantees are a cornerstone of shipbuilding projects. Knowing their pitfalls is an essential first step
  • Owners failing to train crews properly on bridge technology
    Accident investigator warns underwriters of seafarers failing to understand their equipment and its limitations
  • P&O slams Dover Harbour Board tactics to sell privatisation plans
    Ferry operator says DHB has 'hijacked' government guidelines to assuage local fears
  • Build your own ship
    A new manufacturing process could turn the economics of shipbuilding on its head
  • True believers try to push TWIC through Congress
    Transportation Worker Identification Credential has failed and cannot Lazarus-like rise. It has no saviour
  • Former insider Sekimizu is regarded as a safe pair of hands
    New secretary-general promises to conduct major financial review of secretariat
  • UK monthly port state control detention rate falls
    Maritime and Coastguard Agency reports only six new detentions in May
  • Tui extends Frenzel contract for two years
    Board wants to give Michael Frenzel time to conclude sale of Hapag-Lloyd without pressure
  • Gazprom in Sovcomflot timecharter deal for two new LNG carriers
    Vessels to be built by South Korea's STX
  • Tokyo approves gas bubbles ballast water treatment
    Japanese-developed FineBallast OZ system injects micro bubbles of ozone into the ballast water system to kill off harmful organisms
  • Sanko Steamship to sell or return vessels to stem losses
    Tankers and offshore vessels marked for special attention as company says it cannot confidently predict a return to profit in current year
  • Shunning a good idea
    In the category of long-term bets, the good outcome of FSRUs has to be winner. So why did investors blow cold on the Hoegh IPO?
  • ACM's Beijing office offers Chinese tanker advantage
    Proximity to oil company headquarters boosts broker's business
  • Shanghai container derivatives trading platform off to strong start
    Participation by China's large state-owned shipping companies will be key to success
  • Bolting the ballast door
    Port and flag states should not take too draconian an approach to ballast water rule enforcement
  • PierPass stalls ports traffic fee rise
    Cargo owners using LA and Long Beach to be given more time to prepare for extra $10 a teu

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Fairplayweb site
JUNE 28, 2011
  • Obama backtracks on Jones Act waiver
    US PRESIDENT Barack Obama has reversed a decision to allow a waiver of the Jones Act for the transport of 30M barrels of emergency crude, IHS Global Insight reported today
  • Açu yard approved
    BRAZIL's OSX will begin construction next month on the Açu yard, which it plans to develop into the largest shipbuilder in the Americas
  • TCC accused in US court filing
    US SHIPPER Globe Express Services has made serious allegations against the Shanghai International Port Group and The Containership Company in a new court filing in Manhattan
  • Huelva gets lease of life
    SPANISH ship repair and construction company Cotnsa announced today that it has agreed to lease the facilities of the bankrupt Astilleros de Huelva shipyard in southern Spain
  • ReCAAP reports mixed news on attacks
    THE LATEST figures on armed robberies and pirate attacks reported to ReCAAP ISC show both negative and positive trends
  • Drugs seized at Dover
    DRUGS worth an estimated £19M ($30.3M) have been seized in two operations at the UK port of Dover, according to the UK Border Agency
  • US assigns ECA checks
    ENFORCEMENT of the North American Emission Control Area will be handled jointly by the US Coast Guard and the EPA, the agencies have announced
  • Oz/China Capesize rates jump
    BROKERS told Fairplay today that Western Australia/Qingdao Capesize rates have broken the $9/tonne mark as the Baltic Capesize Index maintained its momentum
  • LNG and crude rising in Indonesia
    A SURVEY by international law firm Norton Rose shows that LNG, palm oil and upstream oil and gas represent the biggest investment opportunities in Indonesia
  • Bunker prices hit VLCC rates
    THE BULL run that VLCCs enjoyed on the benchmark Arabian Gulf/Japan route is ending now that bunker prices have dropped, brokers told Fairplay today
  • Yangzijiang buys Runzhou HI stake
    CHINESE shipbuilder Yangzijiang has announced that it has bought a 54.47% stake in Runzhou Heavy Industry and its subsidiary Jiangsu New Yangzi Gas

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The Journal of Commerceweb site
JUNE 28, 2011
  • Finance Committee Schedules FTA 'Mockup'
    Members of the Senate Finance Committee will let President Obama know what they would like to see written in upcoming...
  • Feds Send Help to Great Plains Flood Zone
    Transportation Secretary Ray LaHood has made $5 million available to North Dakota in quick-release road repair funds, while President Obama's...
  • Panamax Ships to Face Growing Competition, Report Says
    Panamax container ships are finding employment today but face growing competition from larger vessels, especially after the Panama Canal's larger...
  • Imports to Slow Through N. Europe's Busiest Ports
    Imports through North Europe's six busiest ports will slow to 8 percent this year from 15.9 percent in 2010 while...
  • Coast Guard, EPA Agree on Pollution Enforcement
    Two years ago the U.S. adopted international standards for regulating exhaust emissions from ships. On Monday, the Coast...
  • Retailers, Environment Groups Unite to Cut Emissions
    The Coalition for Responsible Transportation, the Environmental Defense Fund, and U.S. Environmental Protection Agency on Tuesday announced the launch of...
  • Peruvian Airline Acquires Freighter
    Peruvian airline StarPeru is expanding into the cargo business beyond its niche passenger operations with the purchase of a BAe-...
  • Smaller Shippers Bumping Up Supply Chain Budgets
    Smaller shippers plan to increase transportation spending this year despite economic uncertainty, according to a customer survey conducted by Saia....
  • Diesel Price Falls to Near Four-Month Low
    The average price of diesel fuel across the U.S. plunged 6.2 cents in the past week to the lowest level in...
  • Japan Ship Orders Sink 41 Percent in May
    Japanese export ship orders fell in May for the first time in 18 months on a year-on-year basis, sliding 41...
  • Greek Dockworkers Begin 48-Hour Strike
    Greek dockworkers are taking part in a 48-hour general strike and nationwide protests as Parliament debates budget cuts, tax hikes...
  • German Intermodal Operator Sees Record Traffic, Revenue
    Kombiverkehr, Europe's biggest intermodal operator, reported traffic and revenue rose to near record levels in 2010 but warned infrastructure bottlenecks...
  • Excess Capacity Undercuts Asia-Europe Rate Hikes, Says Alphaliner
    Ocean carriers are unlikely to achieve planned freight rate hikes on the Asia-Europe route this week because they have failed...

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Containerisation Internationalweb site
JUNE 28, 2011
  • Maersk to extend no-show charges in Q3 11
  • APL average rate holds up
  • RSGT on a high
  • Transpac rates continue tumble - and not expected to rise for peak season
  • Greece at the crossroads of sovereign default

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TradeWindsweb site
JUNE 28, 2011
  • Nokta ditches Dahlman Rose
    Veteran equity analyst's vanishing act ignites speculation on Wall Street as US investment bank races to name replacement.
  • Frontline fingered in floating fix
    Rumour mill spins at warp speed as brokers link New York-listed tanker giant to Statoil storage contract.
  • Globus Maritime launches US raid
    George Karageorgiou-led bulker owner scales down and prices $23m follow-on fundraiser.
  • ITC secures VLCC sales option
    Bond affiliates of John Fredriksen-controlled Independent Tankers back sale of another VLCC amid market turmoil.
  • MSC Opera flaws unmasked
    UK maritime authority reveals details of infringements by MSC cruiseship detained in Southampton.
  • Pirates fail in bulker attack
    Attempt on NYK bulk carrier thwarted by sea swells, evasive measures and naval intervention.
  • GC Rieber proceeds with merger talks
    GC Rieber Shipping in negotiations with privately-held parent over development of seismic survey wing.
  • Statoil scraps vintage platforms
    Norwegian recycling contractor to opt for jack-up rig over heavy-lift vessel in transport phase of $77m demolition contract.
  • US drops blanket oil waiver
    Overseas tanker owners must apply individually to lift 30m barrels of Strategic Petroleum Reserve cargoes.
  • Box rate increase to fail
    Alphaliner warns Asia to Europe lines need to cut capacity if they want to force through fee increases.
  • ACM on expansion trail
    Despite losing S&P brokers, Johnny Plumbe-led shop is looking to build teams to increase dry cargo and LNG presence worldwide.
  • Hong Kong holds six vessels
    Boxships and general cargoships detained during May, some with oily water separator faults.
  • Koji Sekimizu wins IMO race
    Japanese safety chief will take over from Efthimios Mitropoulos as figurehead of international shipping next year.
  • Crewman missing off France
    Turkish vessel sounds the alert after seafarer failed to turn up for shift off Pas-de-Calais.
  • Maersk back in at third Japanese port
    Danish boxship giant kickstarts operations at a third Japanese terminal shut down by earthquake.
  • Queen Mary 2 branded "filthy"
    Cunard vows to do better after cockroaches found in locker on luxury liner during New York check.
  • JNPT port goes fourth
    ABG Shipyard and PSA of Singapore teaming up to develop container terminal number four at Indian facility.
  • Stopford shows pirates' 'big three'
    Handysize bulkers, MPPs and small tankers account for over 80% of vessels seized in the past 12 months, Clarksons guru says.
  • Torm gets a breather
    The struggling Danish tanker-owner continues financial restructuring with $630m credit extension.
  • Time charters tipped for comeback
    London broker ACM says stressed owners now more open to fixing tankers long-term, even at poor rates.
  • Busier ACM staying positive
    London broker's annual profit falls but its tanker fixtures increase 14% as it looks forward to rate rises.
  • Genesis snaps up Florida Marine
    Texas barge owner builds its fleet with the $141m takeover of US Gulf coast rival.
  • Dead ship claims third victim
    Fascination with a bulker stranded off the coast of India has led to a third victim drowning.
  • Bourbon bag seismic six pack
    French offshore powerhouse books newbuilding sextet in Dubai following charter pact with CGGVeritas.
  • Batista's giant yard gets go-ahead
    Brazilian billionaire secures backing for Acu Port yard, which it claims will be the largest in the Americas.
  • Golden share sale gets thumbs up
    Analysts applaud Golden Ocean's potential sale of its Knightsbridge Tankers stake.
  • Top Ships cashes in bulker?
    Evangelos Pistiolis-led owner said to have sold panamax nearing the end of a contract.
  • Pay cut for Seanergy trio
    Dale Ploughman-led bulker owner hires out two capes and a panamax at reduced rates

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American Shipperweb site
JUNE 28, 2011
  • DHL adds countries to trade software
    DHL said Monday it has added 11 countries to the roster of countries covered in its Trade Automation Services (TAS) product, which provides online trade and customs data.TAS now covers 74 countries. The 11 recently added are Algeria, Iran, Jordan, ...
  • Trade groups urge TPP apparel rules
    A coalition of five U.S. apparel trade groups on Monday urged negotiators in the Trans-Pacific Partnership to focus on improvements that will benefit regions in the partnership more evenly.The American Apparel & Footwear Association, National Retai...
  • Highway freight volumes continue to soften
    Truck tonnage fell 2.3 percent in May from April on a seasonally adjusted basis, according to the American Trucking Associations.The ATA's monthly tonnage index, compiled by surveying the group's members, now stands at 112.3 compared to 114.9 in...
  • New stamps feature merchant marine
    Commercial shipping will be the focus of a set of new U.S. postage stamps that will go on sale July 28.The ships will be launched with a first day of issuance ceremony, 11:30 a.m., July 28 at the U.S. Merchant Marine Academy's Ackerman Auditorium,...
  • NSCSA signs deal for new ships
    The National Shipping Co. of Saudi Arabia said last week it signed a "murabaha" financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for 822.6 million Saudi Riyals ($219.3 million) that will finance 80 percent of ...
  • OSHA may regulate tandem container lifts
    A federal court has ruled the Occupational Safety and Health Administration (OSHA) may regulate so-called "vertical tandem lifts" (VTLs) of containers or flat racks, where more than one container or flat rack is lifted at a time.But in a decision ...
  • Maersk tries changing no-show/overbooking behavior
    Maersk Line will begin implementing a global system to charge shippers whose cargo no-shows in the third quarter of the year.Under the plan, Maersk would conversely compensate shippers whose cargo has been held back due to overbooking by the carri...
  • Closing gaps on no-shows
  • Who's making Money
  • Access Pass July 2011

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The Bunker Bulletinweb site
JUNE 28, 2011
  • AWT wins award for fleet management system
    Fuel savings of 5-10% can be achieved by using AWT's recommended routes on cross-ocean voyages.
  • IFO prices steady in Fujairah
    Deliveries were available for supply up to and including July 12 in Cape Town.
  • Rotterdam market bounces back
    Scheduled deliveries OK in Piraeus, despite strike.
  • Council elects new head for IMO
    Director of Maritime Safety Division on course to becoming Secretary-General.
  • European officials put IMO under new pressure
    It is 'high-time' for agreement on emissions reductions, IMO told.
  • US Navy driving the development of biofuel
    Private sector will produce biofuels in 'larger and larger quantities.'
  • IFO prices firm at most Asian ports
    Avails of bunker fuel to tighten in early July, says Singapore player.
  • Bunker levy debate 'must not distract' focus from EEDI
    BIMCO reaffirms support for bunker levy as opposed to emissions trading.
  • Firm unveils 'revolutionary first step' in vessel design
    Solar panels on vessel able to generate enough power for 3,000 miles at 18 knots.
  • Seattle port celebrates 800th vessel in fuel switch programme
    Port's At-Berth Clean Fuels programme has cut close to 500 mt of sulphur dioxide emissions.
  • WFS buys yacht bunkering business
    WFS to pay £1.75 million in cash to acquire Yacht Fuel Services (YFS).

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