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01 April 2020 The on-line newspaper devoted to the world of transports 18:53 GMT+2

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The Business Timesweb site
DECEMBER 30, 2011
Shipping News
  • Iran may take lower-level action instead of closing Hormuz
    Iran could make good on its threat and temporarily shut down or disrupt oil shipping through the strategic Strait of Hormuz, but it would trigger a devastating US military reaction and leave Teheran utterly isolated on the world stage, experts say.
  • Rotterdam beats own throughput record this year
    Rotterdam, Europe's largest container port and among the world's top 10, said yesterday it registered a new record throughput of 433 million tonnes, despite the continent's economic downturn.

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Sched Netweb site
DECEMBER 30, 2011
  • CSCL increases rate Jan 1 by US$255/TEU Asia-Europe, $400/FEU transpacific
  • US box trade up 3.7pc in 2011 as export rise 5.8pc vs 2.2pc for imports
  • Correction: Emirates and OOCL relations on Hyper Galex service misstated
  • China, Japan and South Korea commence free trade negotiations
  • Antwerp Port to raise harbour fees by 2pc, first hike in 3 years
  • ICTSI to invest US$21 million in capital projects
  • Tax is irrelevant, FMC told Canadian route is more efficient
  • SITC pulls back, allows options on eight 1,100-TEU feeders to lapse
  • Killer floods spark fresh congestion surcharges in Dar es Salaam
  • Box men, insurers work to devise standards to end exploding reefers
  • Bangladesh PM vows to transform Chittagong into S Asia hub port
  • British 3PL expands to bring Sinotrans end-to-end logistics support
  • Textainer names new exec vice president-CFO, and general counsel
  • False alarm in hold ends in a United CRJ700 emergency landing in Vermont
  • Pharmaceuticals stands to overtake IT as highest value air cargo
  • Malaysian aviation faces headwinds after a bumpy year
  • Indian aviation's record passenger numbers fail to offset dismal results

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Exim Indiaweb site
DECEMBER 30, 2011
  • A year-end low for the Baltic index
  • Domestic leg of ex-im cargo movement not part of coastal shipping, opines Attorney General
  • Logistics sector in 2012 likely to be marred by slow demand, low rates
  • Scrapping of box vessels at two-year high
  • Shippers' forum seeks global ban on liner conferences
  • India to re-examine subsidy list to placate US
  • JN Port projected to handle 4.30 million TEUs in 2011
  • Shanghai remains world's top box port
  • Vizag Port lines up infrastructure augmentation projects
  • CONCOR's Madurai-Karaikal & Madurai-Delhi services to commence soon
  • Dwindling ' a blessing in disguise for seafood exporters
  • Parliament approves Exim Bank Bill

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Marine Logweb site
DECEMBER 29, 2011
  • Metal Trades delivers Navy fuel barges
  • GL appoints SVP Global Sales
  • New orders take Keppel O&M 2011 sales past S$10 billion mark
  • MOL orders high efficiency Cape-size bulker

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World Wide Shipperweb site
DECEMBER 29, 2011
  • Grant helps Port of Olympia with habitat restoration project
  • NOL Group reports board chairman to retire
  • Maritime Commerce Club schedules January lunch meeting
  • MarAd warns shipping industry of possible trouble with Iran
  • NYK to support victims of deadly Philippines typhoon

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Lloyd's Listweb site
DECEMBER 29, 2011
  • APM Terminals wins Mexico box terminal tender
    Danish ports giant to operate Lazaro Cardenas container facility
  • China charters seven VLCCs from the Middle East as oil thirst shows no signs of drying up
    Charters highlight China's desire to use own tonnage
  • Rotterdam and Antwerp clock up throughput increases
    Both ports expect a solid 2012
  • Mediterranean aframax market on alert after Iraq halts oil exports
    Disruption to Iraqi oil exports to Turkish port sparks concerns for aframax charter rates
  • Vale Beijing cracks confirmed
    VLOC expected to quit Brazil for repairs in Lisbon or Istanbul
  • First trippers on missing Vinalines bulk carrier
    At least two seafarers are recent graduates
  • China Shipping and Cosco get closer in Asia-Europe trades
    Announce plans to enlarge space swap arrangements
  • LNG cargo flood into Asia set to cap gas prices
    Shipping market forecast to remain healthy despite lower Asian prices
  • Genmar number seven in 2011 bankruptcy league
    Tanker company beats Borders bookstore chain
  • Trafigura books medium-range tanker for six months
    Latest deal sees Trafigura top the table of charterers in the clean MR tanker time charter market

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Fairplayweb site
DECEMBER 29, 2011
  • Hyundai Glovis wins deals
    HYUNDAI Glovis, the logistics arm of Hyundai Motor has won contracts to provide seaborne transportation of fully built vehicles for its parent and Kia Motor
  • SITC not exercising shipbuilding options
    CHINESE intra-Asia liner SITC will not be exercising shipbuilding options at compatriot yard Yangfan Group, citing difficult market conditions
  • USC takes over Red Sormovo yard
    RUSSIAN state-owned conglomerate, United Shipbuilding Corporation (USC) has completed its takeover of the Volga River shipyard, Red Sormovo
  • Madagascan vessel capsizes
    MADAGASCAR'S Maritime Operations Centre (COM) today said that 36 people are missing following the capsizing of a small vessel off the island nation's coast
  • New Russian mariners law blocked
    A PROPOSED new Russian law requiring mariners to meet new competency and marine institute graduation standards has been blocked
  • Iran threatens tanker shipments
    TENSIONS are escalating at the Strait of Hormuz as US President Barack Obama prepares to sign new Iranian sanctions into law
  • Sovcomflot charters 3 MR tankers
    SOVCOMFLOT has secured one-year period charters for three of its medium-range products tankers, brokers told Fairplay
  • Cosco Corp wins VLCC deal
    COSCO Corp, the Singapore-listed shipbuilding arm of China's COSCO group, has said it will be converting VLCC Sunrise Jewel into a FPSO for a Japanese client

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The Journal of Commerceweb site
DECEMBER 29, 2011
  • APM Terminals Wins Lazaro Cardenas Bid
    APM Terminals won the right to build and operate a deepwater container terminal at the Port of Lazaro Cardenas, a...
  • NOL Group Chairman Cheng to Retire
    Cheng Wai Keung will retire as chairman of NOL Group in April, the parent of container line APL said Thursday,...
  • Japan Container Exports Seen Shrinking 2.3 Percent
    Japan's containerized cargo exports will decline 2.3 percent in the 2011 fiscal year ending March 31, 2012, with the global...
  • Antwerp Container Volume Grew 2 Percent in 2011
    Container traffic at the Port of Antwerp grew just 2 percent in 2011 from a year earlier as the Belgian...
  • Rotterdam Containers Jump 6 Percent to Record High
    The Port of Rotterdam boosted container traffic 6 percent in 2011 but Europe's largest port forecast the eurozone sovereign debt...

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Containerisation Internationalweb site
DECEMBER 29, 2011
  • APM T secures Lazaro Cardenas T2 concession
    The Hague-based APM Terminals (APM T) has won the concession to build and operate a second container terminal at Mexico's second largest box port, Lazaro Cardenas. ...
  • Seacube puts security funding plan in place
    Park Ridge (NJ)-based SeaCube Container Leasing has filed a so-called 'universal shelf registration statement' with the New York-based Securities and Exchange Commission ...
  • Ust Luga opens for business
  • NOL announces new chairman
    A further changing of the guard is underway at Singapore's NOL Group following the announcement that chairman Cheng Wai Keung, is to retire from the Board after ...
  • WBCG secures Finnish funding
    The Namibia-based Walvis Bay Corridor Group (WBCG) has signed another agreement with the Finnish Government that will enhance the transport capacity and help facilitate ...
  • Oil price drops despite Iran's threat
    The threat by Iran to close the Strait of Hormuz is regarded by the US State Department as having 'an element of bluster' and was mostly shrugged off by the oil ...
  • Euro ending the year under pressure
    The eurozone crisis is not going away: it is set to bite back in 2012, as evidenced by the nervousness among traders venturing out into the limited post-Christmas ...
  • New access road for Dunkirk growth
    The increase in container movements through the northern French port of Dunkirk - up 43% year-on-year at the end of September - is being eased by the opening ...
  • Congested Chennai gets some help from private rail player
    Shippers and liners utilising the heavily-congested city port of Chennai have received a boost with the recent introduction of a private rail operator to move their ...
  • Seasonal cheer from US consumers
    American consumers are feeling more positive about their country's economy, according to the latest report from the Consumer Board Consumer Confidence Index [CBCCI] ...
  • Iraq to buy general cargo ships
    As part of Iraq's rebuilding programme, the country's Ministry of Transport (MoT) has announced plans to gradually acquire a fleet of general cargo vessels with ...
  • Maersk improves coverage of Turkey
    Maersk Line intends to extend its AE5 deep-sea feeder service between Asia and Port Said to fast expanding Turkey on January 25. Westbound vessels will continue ...

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TradeWindsweb site
DECEMBER 29, 2011
  • Reprieve on KG capital call
    III to I Maritime Partners has a further month to pay up on $21m called in by ATL Offshore.
  • Disney villain at large
    EUR 1m worth of vandalism on a nearly-complete cruiseship newbuilding looks like an inside job.
  • APM scores in Mexico
    Danish terminal owner and operator expands Latin American presence after Mexico win.
  • Adani drops fleet plans
    Indian mining conglomerate says it will not invest in ships for its own cargo contracts and instead is seeking a logistics company to handle the business.
  • Keppel stretches orderbook
    Singapore-based rig and shipbuilder adds new contracts to take backlog beyond SGD 10bn mark.
  • China ends year on top
    China says it will end the year the world's largest builder again as it takes more contracts than close rival South Korea.
  • Otto sells barges
    Yaw Chee Siew-led offshore shipbuilder and vessel owner offloads a pair of accommodation vessels.
  • Cruise boost for Mitsubishi
    Kazuo Souma of Japan's largest shipbuilder reveals sales are on the increase despite the recession thanks mainly to a controversial order for two cruiseships from Carnival.
  • Vinalines tragedy fears grow
    No sign of missing supramax but Vietnamese owner retains hope GMDSS equipped vessel may yet be found.
  • NYK sees bonds downgraded
    Japan Credit Rating Agency cuts rating on domestic shipowner due to concerns about weak shipping market.
  • IADA set to raise box rates
    Intra-Asian Discussion Agreement plans "fair and justified" rate recovery program to cover cost increases.
  • Lamprell wins Mexican deal
    Middle East shipbuilder ends the year on a high note with contract to complete unfinished jack-up rig.

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The Bunker Bulletinweb site
DECEMBER 29, 2011
  • Further development of LNG facilities in Texas
    Increase in domestic natural gas resources has resulted in a drop in prices to the point at which US natural gas prices are among the lowest in the world.
  • Bunker prices ease following softer crude
    Activity picking up as prices fall.
  • Fuel oil exports rise
    Russian exports up month-on-month and year-on-year.
  • Fujairah holding steady, Durban prices jump
    Suez MGO shoots back up after a dip on Wednesday.
  • Japanese shipping lines sees its bonds 'downgraded'
    'The higher yen and the increased fuel oil price are putting downward pressure on earnings.'
  • New barge for Russian supplier
    Launch ceremony in St. Petersburg.
  • Bunker prices little changed in key Asia ports
    Tokyo closed due to public holiday.
  • Singapore weekly onshore fuel oil stocks fall
    Volume of fuel oil down 2.2 million barrels to 17.0 million barrels.
  • Fuel oil value to hit 'three-year' high
    Market will feel impact of 'strong bunker demand and refinery upgrades.'
  • Sudanese bunker supplier anticipates growth
    Coral Bunkering & Services says lack of Government regulation is one of the sector's problems.
  • South China fuel oil inventories ease 6.9%
    Stocks down on limited inflows with bunker traders 'reluctant' to make further purchases.
  • Mixed mid-week prices across the Americas
    Players see demand fall away after morning of strong activity.

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