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21 July 2019 The on-line newspaper devoted to the world of transports 06:12 GMT+2




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The Business Timesweb site
DECEMBER 29, 2011
Shipping News
  • Vale's giant ship arrives at China port for 1st time
    One of the world's largest commodity ships operated for Vale SA reached a Chinese port for the first time, after the nation's refusal to allow such vessels delayed by more than six months the Brazilian miner's plan to control shipments with giant carriers.
  • Fuel oil seen trading at '3-year high'
    Fuel oil may trade at a three-year high relative to crude in Asia in 2012 as surging demand from shipping companies and reduced refinery supplies counter slowing consumption by Chinese power stations and factories.
  • Partnership deal lifts shipping stocks
    Hanjin Shipping Co, South Korea's largest shipping company, climbed to the highest level in three months in Seoul trading on expectations cargo rates may rise following a partnership on trade between Asia and Europe.
  • Pirates hijack Italian ship with 18 crew off Oman

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Sched Netweb site
DECEMBER 29, 2011
  • CKYH forms alliance with Evergreen on 12 Asia-Europe-Med services
  • Shanghai tops at 30 million TEU, big ports up 12pc to 149 million TEU
  • Mega ship glut makes Asia-Europe overcapacity trap inescapable
  • Record number of containership scrapped in last two years
  • LA clean truck scheme bans 1,473 older trucks from January
  • Argentina, Uruguay, Paraguay, Brazil threaten ban of Falklands vessels
  • Money runs short, ministry to cut Chinese railway building in 2012
  • China's aviation growth slows, but still holds global lead
  • US Justice sues FedEx for US$1.55 million for insufficient box checks
  • Iran to finalise Russian deal to buy domestic commercial aircraft
  • IATA 'disappointed' with EU court ruling favour right to tax air carbon
  • India opposes EU carbon tax, but defer action decision until February

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Exim Indiaweb site
DECEMBER 29, 2011
  • Box freight rates being pulled down by excess vessel capacity, clamour for market share: Report
  • E.C. Bose & Co. celebrates 160 years
  • Inter-Ministerial Group of Officers set up to deal with piracy hostage situations: Vasan
  • Logistics market mergers will lead to innovation, stronger companies
  • World shipping confidence up as year ends: Survey
  • Czech Republic expects trade with India to touch $ 2 bn in 2012
  • Cochin Port seeks govt nod for VRS proposal
  • MPSEZ raises revenue share to 5 pc for ChPT box terminal
  • V.O. Chidambaranar Port's cargo handling up 12.06 pc
  • Dwindling ' fails to cheer exporters due to costlier import contents
  • Industry must work in tandem with govt, say Ficci, Assocham

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Marine Logweb site
DECEMBER 28, 2011
  • BAE Systems Ship Repair in settlement in immigration case
  • Jumbo Shipping exercises option at Brodosplit
  • USCG eases TWIC requirement for some mariners
  • Pirates hijack Italian-owned tanker

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World Wide Shipperweb site
DECEMBER 28, 2011
  • Port of Everett welcomes new Commissioner, Tom Stiger
  • Mitsui O.S.K. Lines orders ship with new fuel efficiency technology
  • Coast Guard continues search for missing recreational boater
  • TOTE executive retires for second time in career
  • DOT shuts down company as 'imminent hazard' to public

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Lloyd's Listweb site
DECEMBER 28, 2011
  • Allow Iran to board, Marad tells US ships
    Ruling comes despite Tehran threat to close Strait of Hormuz
  • DHT Holdings put on delisting watch
    Ominous end to year comes on fears of expiring OSG charter cover
  • Omega launches attack on creditors' lawyers and advisors
    Chapter 11-protected tanker company wants committee agreement invalidated
  • Pirates take Marnavi chemtanker
    Eighteen seafarers in multinational crew hijacked
  • Fuel oil trades high in face of waning Chinese demand
    Experts argue that trend will be short-term
  • VLOC makes first China call
    Giant vessel arrives despite local opposition
  • Vinalines bulker missing with 23 on board
    Fears grow for another nickel tragedy
  • Thor Liberty free to go but master detained
    Some of the dangerous cargo has been destroyed
  • Evergreen to link up with CKYH alliance in Asia-Europe fight back
    Agrees to co-operate with rivals to provide more voyages on Asia-Europe trades
  • Exploding reefer containers: race on to trace unsafe coolants
    Container Owners Association and TT Club team up to eliminate contaminated gases from supply chain
  • Worse to come for crisis-hit Asia-Europe trades
    Alphaliner forecasts dire year for boxlines

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Fairplayweb site
DECEMBER 28, 2011
  • Vale VLOC reaches China
    BERGE EVEREST today became the first Vale VLOC to have called at a Chinese port
  • Turkish ship sinks in the Aegean
    A TURKISH cargo ship has sunk off the Greek island of Samos
  • Park sole Korea Line CEO
    KOREA Line Corp today named Park Jae Min as its sole CEO
  • Oakajee wins reprieve
    THE COMPANY seeking to develop Western Australia's Oakajee port project today received a last minute reprieve from the state government
  • Liner co-ops continue
    THE trend towards liner collaboration is accelerating, with the CKYH Alliance and Evergreen confirming that they will co-operate on the Asia-Europe/Mediterranean trades
  • Cido sells two more
    FOLLOWING its en bloc sale of 30 medium-range products tankers to Craig Stevenson-led Diamond S Shipping, Cido Shipping has executed another collective transaction
  • Italian tanker hijacked
    SOMALI pirates have hijacked the products tanker Enrico Ievoli, Naples-based owner Marnavi has confirmed
  • Torm losses mount
    TORM has confirmed that its full-year losses will be greater than previously predicted after the sale of two newbuild contracts
  • 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
  • Russia to improve Arctic rescue network
    RUSSIA has allocated 910M rubles ($29M) to improve its Arctic rescue facilities

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The Journal of Commerceweb site
DECEMBER 28, 2011
  • US Diesel Prices Fall to Two-Month Low
    Diesel prices across the United States fell for the fifth straight week in the week ending Dec. 26, falling 3.7...
  • Industrial Commodities Push Rail Carloads Up 11.7 Percent
    U.S. railroads reported an 11.7 percent year-over-year gain in carload traffic in the last full week before Christmas as major...
  • New Shipping Alliances to Prolong Rate Wars, Alphaliner Says
    The recent spate of alliances on Asia-Europe trade lanes threatens to prolong "unrelenting" rate wars and could spell "disaster" for...
  • Evergreen to Partner With CKYH Carrier Alliance
    Evergreen Line is joining forces with the CKYH Alliance of Cosco, K-Line, Yang Ming and Hanjin Shipping on the Asia-Europe...
  • Nehru Port Handles Record-Size Container Ship
    The 1,046-foot Seletar called on the Nhava Sheva International Container Terminal, a DP World facility, this week. Built in...
  • Asia-Europe Air Freight Falls 7.3 Percent
    Falling trade with Asia sent cargo traffic for European airlines down 4.4 percent in November, the sharpest year-over-year decline in...

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Containerisation Internationalweb site
DECEMBER 28, 2011
  • Evergreen joins forces with CKYH Alliance
    Evergreen and the CKYH Alliance have agreed to share their services between Asia and Europe from Q2 12. Evergreen will not be joining the CKYH Alliance, only exchanging ...
  • SITC to let feedership options lapse
    The Hong Kong listed SITC International Holdings Company, which specialises in the intra-Asia liner market, has announced that options held on 8 x 1,100TEU-class ...
  • Iran threatens to close Straits of Hormuz
    Rising tensions between Iran and Europe and the US has led to Ali Rahimi, Iran's first vice president, to warn of the possible closure of the Straits of Hormuz ...
  • Ecuador's Manta concession awaited
    Government plans to involve the private sector in expanding and modernising the small port of Manta have received considerable interest from many terminal operating ...
  • 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 ...
  • Rena salvage halted by adverse weather
    The removal of containers from the wreck of the Rena, off the North Island of New Zealand, has been suspended for the last few days due to 1.5m swells that make ...
  • Ethiopian Government to 'push' multimodal transport
    Ethiopia's Ministry of Transport (MoT) has issued a Multimodal Transport Implementation Directive which means that all state-owned enterprises and private groups ...
  • Mothballed box fleet slow to react to crisis
    The over capacity crisis in liner shipping, that is forcing ocean carriers into alliances with hitherto unlikely bed partners, is so far not filtering through to ...
  • Somali pirates take Italian tanker
    In a stark reminder as we see out 2011, that Somali pirates maybe bruised but are not yet beaten, a 16,630 dwt Italian-owned products tanker, and a crew of 18 was ...
  • Moody's upgrades KCS
    Moody's Investors Service, the credit rating agency group, has raised US-based railroad company Kansas City Southern's (KCS) rating from Ba2 to Ba1 with an outlook ...

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TradeWindsweb site
DECEMBER 28, 2011
  • Icon buys Emas OSV
    Fund manager Icon Capital has put cash into offshore shipping and Greek bulker owner Kyla.
  • Penetrating mystery
    An unexplained incident on the Baltic Sea has left a UK-flag containership pierced through the bow.
  • Tidewater extends again
    US-listed offshore owner frustrated as it tries to thrash out a joint venture agreement with Angola's Sonangol.
  • Alam wins Shell job
    Malaysian offshore owner nets $10m transportation contract from Anglo-Dutch oil major.
  • Iran in Strait of Hormuz threat
    Fears of merchant ship boarding flare up as sanctions hit oil exporter bangs blockade drum.
  • MOL orders green capesize
    Japanese shipping company MOL has placed an order for an environmentally friendly capesize bulker that it says will be 20% more efficient.
  • Mitsubishi teams up with new L&T yard
    Mitsubishi Heavy Industries has promised to support the development of expanding Indian shipbuilder Larsen and Toubro as its new $500m shipyard near Chennai nears completion.
  • Giant bulker into China
    Far Eastern country allows a Very Large Ore Carrier to dock for the first time, operator BW Group confirms.
  • Another nickel tragedy feared
    Concern mounts for 23 man crew of missing supramax that developed list on voyage to China.
  • Korean steel output jumps
    Smaller steel producing countries report sizeable increases in production as China stalls and Japan falls.
  • Seacor in green investment
    US company better known for its offshore activities has invested in an operator of wind farm utility vessels.
  • SITC ditches boxship options
    Weak markets prompt Yang Shaopeng-led owner to let options for eight feeder ship newbuildings to lapse.
  • Scorpio books a sixth
    With new cash and new agreements with lenders, Scorpio Tankers has added to its MR series.
  • FreeSeas gets new investor
    Ion Varouxakis-led bulker owner gets fresh backing as little known fund reveals previously undisclosed stake.

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The Bunker Bulletinweb site
DECEMBER 28, 2011
  • Suez MGO gains partially reversed
    Fujairah little changed.
  • Markets edge higher mid-week
    Gains muted as crude oil prices decline again.
  • Gazprom Neft had 'abused market dominance'
    Russian energy giant fined $28.4 million for price fixing.
  • Mega dry-bulker docks in Chinese port
    Fuel-efficient mega carrier defies regional opposition.
  • Ballast Water Convention could accelerate VLCC scrapping
    Costs of complying with Convention could coincide with 'falling asset values and spiralling bunker prices'.
  • Bunker prices largely up at key Asian ports
    Supplies mixed at key Asian ports on Wednesday.
  • 'Light sheen' detected from stricken vessel in Antarctica
    Oil sheen 'not likely to be fuel', says Search and Rescue Mission Coordinator.
  • MOL orders fuel-efficient capesize bulker
    New technologies will boost the ship's fuel efficiency and reduce CO2 emissions by 20%.
  • Research on high pressure behaviour of IFOs
    Researches look at the temperature-pressure-viscosity dependence of common IFO grades.
  • DNV highlights IEEC pointers for bulk carriers
    Commercial energy efficiency requirements are becoming 'increasingly important', says DNV executive.
  • Indian refiner offers third 380 cSt Jan-loading cargo
    Tender for the Essar Oil cargo will expire on December 29.
  • Thin demand following Christmas holidays
    Prices see-saw in major US ports as crude settles higher.




Evergreen Line Vincenzo Miele


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