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07 April 2020 The on-line newspaper devoted to the world of transports 18:50 GMT+2




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The Business Timesweb site
OCTOBER 31, 2011
Shipping News
  • Baltic dry index falls 3.5% to 3-week low
    The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a third day on Friday as sluggish demand for iron ore cargoes continued to weigh on sentiment.
  • Private guards not seen as long-term solution to piracy
    Privately armed merchant ships have a 100 per cent success rate against Somali pirates, experts say, but using guards is wrapped in red-tape and dogged by fears over sending hired guns to sea.

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Sched Netweb site
OCTOBER 31, 2011
  • China Cosco reports loss of US$325.8 million in third quarter
  • Cosco Pacific reports Q3 loss of 5.5pc
  • Asia-Europe rates fall 4.3 pc but Asia-US west coast rates buck trend
  • China 9-month rail cargo and passenger movement ahead of schedule
  • Cargotec Q3 operating profit soars 29pc to US$75.2 million
  • MOL's 3Q transpacific on-time improves
  • DP World global container throughput surges 10 per cent to 14.4 million TEU in 3Q
  • Singapore global chef tour showcased in ocean container, HK on Nov 11-12
  • Hactl September cargo down 7.8pc to 223,623 tonnes, Q3 down 5.8pc
  • Cargoitalia establishes new Ondemand division to cope with ACMI growth
  • China Eastern's September cargo volume up 4pc
  • Air China September cargo volume down 2.5 per cent

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Exim Indiaweb site
OCTOBER 31, 2011
  • Coastal Shipping Policy in December, Shipping Secretary tells ICCSA workshop
  • DB Schenker wins Freight Forwarder of the Year - International award at MALA 2011
  • Lloyds Register keen to enhance services in India
  • SCI's Golden Jubilee celebrations conclude in style
  • Goas iron ore exports set to fall due to govt curbs
  • India, Indonesia agree to resolve issues affecting trade
  • Spices exports down 23 pc in April-Aug.
  • Textile firms may be hit due to imports from Bangladesh
  • CONCOR flags off first train from Baroda to Mundra
  • CONCOR wins 'India Pride' award
  • 'soars to 11-month high at 48.76
  • Assocham projects 7L cr. losses due to poor logistics infra
  • Cabinet clears National Manufacturing Policy
  • India-EU FTA unlikely before 2012
  • Nepal PM keen on attracting Indian investors
  • Patel calls for tariff barriers to check power equipment imports
  • SMEs business confidence down in Q3: CII
  • German team to talk business in Chennai, Pune on Nov. 14, 17
  • Leading by being open & giving
  • Kübler moves two 135-tonne Kamag transporters

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International Transport Journalweb site
OCTOBER 28, 2011
  • Swan Container Line calls at Hamburg again
    Swan Container Line is set to connect Hamburg with St Petersburg again. The 868 teu "Robert" will make the first departure on 11 November. The 1,008 teu "Baltic Swan...
  • Russian Railways agrees terms to develop hybrid locomotive
    Russian Railways has agreed the technical terms of reference during the development stage of the TEM9H SinaraHybrid, a shunting locomotive with a hybrid engine. The project to deve...
  • DB Schenker Logistics bundles rail-related FTL activities
    DB Schenker Logistics has bundled its rail-related full truck load activities in Germany under the roof of Transa Spedition. Schenker Deutschland has thus transferred the activitie...
  • Carrefour to test Renault electric power truck
    Carrefour is set to test the electric 16 t Renault Midlum truck in France. The vehicle is the largest electric-powered truck on the roads. During the one year tests it will supply ...
  • Scottish haulier buys Dennison trailers
    John Mitchell Haulage and Warehousing, one of Scotland's largest family-owned hauliers, has taken delivery of 52 Dennison sliding skeletal trailers. They are replacements for exist...
  • Cargo declines in port of St Petersburg
    The four stevedoring companies in the Sea Port of Saint Petersburg group handled 8.6 million t of cargo in the first nine months of 2011, 5% less than in the same period in 2010. T...
  • Carsten Schmidt new Gefco Deutschland overland head
    The German subsidiary of the French logistics company Gefco has appointed Carsten Schmidt as the head of its overland operations. In this role, Schmidt will be part of the executiv...
  • DB Schenker Logistics expanding in Ulm
    DB Schenker Logistics is further expanding its logistics capacities in Ulm (Germany), thus securing faster access to sale and procurement markets in the region, explained Schenker....
  • Additional business for Ceva with Chrysler Group
    The SCM specialist Ceva Logistics has extended its relationship with the Fiat Group by signing new contracts that include supply chain management for all Chrysler Group brands (Chr...
  • DSV posts higher earnings in Q3
    The global transport and logistics services provider DSV, headquartered in Brøndby (Denmark), posted a slight fall in group sales in the third quarter of this financial year, to EU...
  • Oman Air postpones new Zurich link
    Oman Air has postponed the launch of a Muscat-Zurich link to December. The original launch date was 30 October, but it has now been put back to 2 December.
  • WFS Paris CDG station awarded Iata Isago certificate
    Paris-Charles de Gaulle Airport has become the latest station served by Worldwide Flight Services (WFS) to be awarded a safety audit for ground operations certificate (Isago) by th...
  • Iberia launches Luanda service
    Iberia is launching a service between Madrid and Luanda today, making it the first airline with nonstop flights between Spain and Angola. The new link to Luanda is expected to enha...

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Marine Logweb site
OCTOBER 28, 2011
  • BAE Systems Mobile shipyard launches Jones Act tanker
  • MaK propulsion engines chosen for Ostensjo OSV building in Spain
  • Sembcorp Marine wins $300 million FSO conversion contract
  • 125th anniversary of Statue of Liberty
  • MHI gets orders for two next-generation Moss type LNG carriers

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World Wide Shipperweb site
OCTOBER 28, 2011
  • Port of Bellingham issues draft strategic budget for 2012
  • US rail freight traffic count edges up during week
  • Coast Guard nabs semi-submersible carrying drugs in Western Caribbean
  • Coast Guard keeping watch over disabled container ship
  • K Line celebrates launch of new Kamsarmax bulk vessel

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Lloyd's Listweb site
OCTOBER 28, 2011
  • CSCL lines up $1.1bn box order
    Chinese box giant confirms newbuilding deal that could total 12 10,000 teu vessels
  • Industry heavyweights in sustainable shipping drive
    Leading owners and shippers launch initiative to challenge slow pace of change
  • Financial support would allow green technology to blossom
    State should step in if private sector fails to finance environmentally sound shipping
  • Black Sea suezmax market set for further falls
    Brokers say price correction needs to occur between overvalued Mediterranean voyages and West Africa
  • CSR is simply good business
    Shipping interests are starting to take idea of corporate ethics seriously
  • The crisis of capitalism
    When we prosecute some poor captain for putting a ship ashore, while awarding generous severance payments and a vast pension pot to some reptile who has wrecked an entire company or even a nation, you have to wonder about priorities, and the meaning of justice
  • Shipowners must show they care about captured crews
    Given that crewing is a huge cost, some owners are already tempted to turn a blind eye to their responsibilities
  • HHI sales remain strong as drillships continue to be popular with owners
    Some $10bn of orders placed so far in 2011 as offshore, container and gas contracts rise
  • Ecopetrol takes VLCC for one year from MISC at $20,000 per day
    Colombian oil company pays slightly above broker estimates for 12-month charter deals
  • Asia-US west coast rates rise
    SCFI reports rates pick up on transpacific trips but declines on all other major routes
  • UK government's ports policy statement welcomed
    Economic significance of ports and the contribution which ports can make to the UK economic recovery is recognised, says major ports group
  • US warned of port investment shortfall
    Federal funding slow to match port investment in preparation for the Panama Canal expansion
  • Global law enforcement turns attention to Somali money launderers
    Up to 40% of ransom payments could be used to fuel neighbouring countries' housing booms
  • High utilisation rates boost CAI
    Box lessor forecasts increased demand
  • Capesize rally faltering
    Rates begin dropping as cargo demand from China's steel mills falls
  • IOPC elects new director
    Former director Willem Oosterveen decides against a second term after long-term sick leave
  • European freight forwarding survey points to fall in throughputs
    Danske Bank index signals that expectations have dropped
  • MOL orders two LNG tankers for 20-year contract with Osaka Gas
    Vessels will be first to use continuous cover over Moss-design tanks
  • Significant investment needed in South American ports
    New study predicts problems in handling 13,000 teu vessels efficiently
  • Aldo Grimaldi given standing ovation for contribution to Italian shipping
    Owner wins Cristoforo Colombo prize at the third Lloyd's List Italian Shipping Awards
  • Costamare backs strength of major box carriers
    No likelihood of collapses or mergers among the big charterers, says Greek charter owner
  • EU and Australia launch anti-piracy forum
    Meeting of Commonwealth heads of state is platform for countries to make stronger commitments
  • North P&I look to ASP for new chairman
    Pratap Shirke takes over top role
  • Proposed ban on US damages lawsuits sparks outrage
    Cruise lines to be main beneficiaries if non-US citizen crew unable to sue for injury
  • Maersk shuns call for ship recycling in South Asia
    Switch in policy will take time and clear evidence of improvement in the work conducted in the yards
  • Greek owners warn US of trade 'havoc' in piracy fall-out
    Two sides agree reaction has been inadequate, claims owners' body

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Fairplayweb site
OCTOBER 28, 2011
  • NW Europe intermodal price rises sought
    PRICES for intermodal box moves among major ports in northwestern Europe are bound to increase sharply, according to German block train operators
  • Beware stealth asbestos
    NEWBUILDINGS are likely to contain asbestos even if they are certified as free of the deadly material, a London conference has heard
  • Precious unveils shock drop in profits
    THAILAND's No 2 drybulk carrier Precious Shipping said today that 3Q2011 net profits dropped 8.3% year on year to 199.78M baht ($6.5M)
  • Disputes increasing as earnings drop
    QUARRELS among shipowners, charterers and suppliers are increasing as earnings slump, according to German defence club Schutzverein Deutscher Rehder
  • Russia mulls joining Europe's shipping lobby
    A SHIPPING lobbying group's new boss has said Russia plans to join the European Network of Maritime Clusters
  • Athens to seek a wider shipping economic role
    GREECE'S shipping tsar has revealed that Athens will soon present the parliament with legislation meant to increase shipping's contribution to the Greek economy
  • Tonnage tilt aids Exmar
    EXMAR, the listed Belgian gas carrier operator, enjoyed a strong recovery in 3Q11, as freight rates firmed while the tonnage balance tilted toward owners
  • Pacific Basin voices optimism on demand
    HONG KONG'S drybulk carrier Pacific Basin said today it expects demand for Handysizes will hold up, even as China's economy cools
  • MHI wins LNG JV newbuildings
    JAPAN'S leading carrier MOL and Osaka Gas International Transport today agreed to joint ownership of two LNG carriers to be built by Mitsubishi HI
  • October fright for Capesizes
    CAPESIZE rates have plunged across the board in the biggest fall since 19 September
  • KL staff spared the axe
    LAYOFFS will be excluded from Korea Line's rehabilitation, Fairplay was told today
  • Floods hit Supramaxes
    SUPRAMAX rates in the Pacific have been battered by the floods in Thailand and slowing Chinese iron ore demand, brokers told Fairplay today

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The Journal of Commerceweb site
OCTOBER 28, 2011
  • Economist Says China Currency Key to U.S. Manufacturing
    The key to boosting U.S. manufacturing exports is to stop China from manipulating its currency, not striking free trade agreements,...
  • Electrolux's Jensen On the 'Lack of Peak Season,' Shipper-Carrier Relations (Video)
    Bjorn Vang Jensen, vice president of Global Logistics for Electrolux, Singapore, gives his assessment on what he says was a...
  • Former ILA Checker Pleads Guilty to Loan-Sharking
    A reputed New Jersey mobster and an International Longshoremen's Association checker pleaded guilty to state charges involving waterfront loan sharking...
  • Rena Cargo Owners Begin Filing Claims
    Cargo owners have begun lodging claims against Mediterranean Shipping Co., the charterer of the grounded Rena in New Zealand. ...
  • Jefferies' Leung on Shipping Prospects for 2012 (Video)
    Man Leung, senior vice president, Transport Analysis for Jefferies, Hong Kong, dicusses his thoughts on this year's peak season, gives...
  • TSA's Conrad Asseses the Peak Season, Capacity Directions (Video)
    Brian Conrad, executive administrator for the Transpacific Stabilization Agreement, USA, discusses his thoughts on how the 2011 peak season went,...
  • Saia Profit Soared in Third Quarter
    Multiregional less-than-truckload carrier Saia nearly doubled its net profit year-over-year in the third quarter as revenue rose 14 percent to...
  • Toy Imports Drop 9 Percent in September
    Containerized imports of toys fell 9 percent in September, their eighth straight month of year-over-year decline, and are unlikely to...
  • LA Confident on Clean-Trucks Program at Supreme Court
    The Port of Los Angeles will enforce all concession requirements in its clean-truck program upheld in a recent ruling by...
  • ABF Freight Builds Profit as Tonnage Declines
    Arkansas Best swung to a $12.3 million net profit in the third quarter from a loss a year ago despite...
  • YRC Worldwide to Stay on Nasdaq Exchange
    Struggling trucking giant YRC Worldwide may stay on the Nasdaq stock exchange despite the low value of its stock, a...
  • RailAmerica Profit Up 13.7 Percent, Carloads Down
    RailAmerica, operator of 43 small railroads in the U.S. and Canada, saw profit in the third quarter rise 13.7 percent...
  • Rail Signs Pointing Higher
    The railroad industry expects to keep hauling more freight in the months ahead, but the profits should remain strong whether...
  • Deep-Six the HMT
    The Federal Maritime Commission voted this month to investigate how important the Harbor Maintenance Tax is in prompting shippers to...
  • Pricing Under Water
    In case you were stuck at an airport and missed the latest travel news, most major U.S. airlines raised their...
  • Averaging Out Loss
    Q: Can you explain something called "general averaging" as it applies to marine carriers' liability for cargo loss and damage?...
  • Japan Recovery Pushes ANA Cargo Surge
    All Nippon Airways reported a 72.1 percent gain in group net profit in the first half of its 2011 fiscal...
  • Marseilles Container Traffic Falls 6 Percent
    Container traffic at Marseilles, France's largest port, fell 6 percent year-over-year in the first nine months of 2011, largely because...

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Containerisation Internationalweb site
OCTOBER 28, 2011
  • China COSCO issues profit warning as it falls into red for Q3 11
  • Unifeeder declares St Petersburg winter surcharge
  • Sea Consortium signs ship deal
  • Carriers in Brazil/Europe trade boosted by food fair shipper contracts
  • Lord joins WWL

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TradeWindsweb site
OCTOBER 28, 2011
  • Injured docker targets Maersk
    Docker drags Danish liner dynasty and Greek operator Danaos into court over crushed hand.
  • Westshore drafts broker
    Former Pareto stockbroker enlists with offshore intelligence powerhouse as a shipbroker.
  • Otto rings profit alarm
    Lee Kok Wah-led shipyard and offshore syndicate readies Lion City for third-quarter loss.
  • USCG busts four
    Intersee bulker tops US Coast Guard's latest port detention report following bayou bust.
  • CSCL in giant order
    Hong Kong-listed owner pens potential $1.1bn contract which could stretch to a dozen ships.
  • Two killed in smash
    Two other seafarers missing after clash between US boxship and general cargo vessel off Taiwan.
  • Surprise loss for Evergreen
    Taiwanese container line is the latest to clock up a loss in Q3 and this time it was not expected.
  • Moller's Nigeria expansion
    AP Moller-Maersk is almost certain to expand its Lagos port operation.
  • Sanko sheds another couple
    Japanese owner tipped to have offloaded MR tanker pair as cash generation drive continues.
  • Earnings miss hurts PGS
    Oslo-listed offshore owner sees shares slam into reverse after disappointing third quarter figures.
  • Boxship crewman dies
    Lifeboat crew unable to save Filipino who fell ill on German vessel Laura Schulte off UK.
  • Bird attacks manager
    Indian man suffers eye injuries after troublesome kingfisher invades ferry's dining room.
  • A generous Greek with a gift
    Looking after shareholders, a shipowner's explanation challenged and cultivating a new chemical carrier venture.
  • Daiichi bulker woes
    Japanese bulk carrier owner blames overtonnaging in all sectors for losses.
  • Research ship towed
    Norwegian frigate gets a line to Johan Hjort after it lost power off Askvoll.
  • USCG monitors boxship
    Horizon Tacoma partially disabled after losing propulsion en route to Anchorage, Alaska.
  • Sembcorp slots another
    Singapore-listed shipyard wraps up VLCC conversion deal with ExxonMobil unit.

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American Shipper - Ocean newsweb site
OCTOBER 28, 2011
  • K-Sea purchase boosts Kirby results
  • COSCO loses $330 million in Q3
  • International Shipholding Q3 profits, military contracts
  • China Shipping loss deepens in Q3
  • 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.
  • Big China Shipping order for 10,000-TEU vessels
  • Magnets? Sirens? Second ship aground near Tauranga
    A second container ship has run aground near the port of Tauranga where authorities are struggling to salvage the wrecked Rena. The 660-TEU Schelde Trader hit rocks after it lost power leaving Tauranga.
  • 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.
  • NYK enters Brazilian cabotage trade

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The Bunker Bulletinweb site
OCTOBER 28, 2011
  • Bunker prices uncertain in the Americas
    Crude futures lowered as Japanese factory production dropped in September.
  • Bunker tanker shortlisted for Dutch award
    The vessel incorporates a range of fuel efficiency and emission-minimisation technologies.
  • 'First movers' integral in LNG bunkering future
    Study says LNG has potential to become solution for many ships in North European ECAs when fuel sulphur content is restricted to 0.10%.
  • Ganas joins Noble Group
    Move follows the departure of previous colleagues to the same company earlier this year.
  • Fujairah market firms
    180 cSt product limited in Cape Town.
  • Bunker markets firm across Europe
    Wide range of prices in the Rotterdam spot market.
  • German port to start LNG bunker supplies
    Gasnor says it is 'an important step' towards providing LNG in the region.
  • Cruise company sees Q3 profits climb
    But looses on fuel option portfolio mean 2011 outlook has been downgraded.
  • High bunker prices mean 'bigger ships'
    'The way oil prices are going you have to operate the biggest possible ships,' says container line chief executive.
  • 'State of the art' bunker terminal to open next year
    UK facility forms part of Cockett Marine Oil's 'ambitious plans.'
  • Week ends with firm bunker prices
    Supplies of bunker fuels mixed at key Asian ports on Friday.
  • Vopak launches 620,000 m3 storage terminal at Amsterdam port
    Terminal will have capacity increase to 1.2 million m3 in Q3 2012.
  • Japanese firms order LNG fuelled gas carriers
    Each carrier capable of carrying 75,000 mt of LNG.
  • Dam being built around Rena's submerged fuel tank
    Submerged starboard tank contains 320 mt of oil.
  • Hong Kong shipping groups welcome possibility of ECA
    HKLSA and HKSOA 'pleased' to see Hong Kong government intending to 'inject much needed impetus.'




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