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06 April 2020 The on-line newspaper devoted to the world of transports 14:15 GMT+2

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Sched Netweb site
NOVEMBER 2, 2015
  • A-E rate up 327.7pc to US$988/TEU, rising 15pc to USWC and 9pc to USEC
  • Shanghai Port registers first quarterly profit fall in over a year
  • OOCL takes delivery of final 8,888 TEU newbuilding
  • ZIM starts regular service between Shanghai and Russia Far East
  • Hague court ruling drives 'stake through heart' of China's Spratlys claim
  • CN Rail Q3 profit up 18pc despite fall in volume
  • Ruscon H1 container throughput up 11pc
  • Petlim port in Turkey due to open in spring 2016
  • Jan de Rijk Logistics wins contract from Norwegian Cargo
  • Marinetex China meet December 1-4 offer report on shipbuilding sector
  • ANA's net profit soars 51pc despite weaker cargo revenue
  • Cargolux Italia starts second direct Milan to Zhengzhou flight
  • AirBridgeCargo Airlines and Volga-Dnepr Airlines are honoured

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Exim Indiaweb site
NOVEMBER 1, 2015
  • Idle boxships up to five-year high
  • LNG shipping under pressure from tumbling European re-exports, says report
  • Ship operating costs seen increasing in 2015 & 2016
  • Sri Lanka & India propose agreement on trade
  • Centre has taken various initiatives in port development: Gadkari
  • Labour agitation at Speedy CFS near JN Port
  • Maritime fraternity welcomes Belgium's new Consul General in Mumbai
  • ICD-Sahnewal runs block train carrying rice containers to Mundra Port
  • Economy to grow 7.5 pc in 2015-16, says World Bank
  • Forex reserves decline by $1.98 bn to $351.55 bn
  • Govt extends MEIS duty incentives to boost exports
  • INR declines by 45 paise to close at 65.27 against dollar
  • PM takes personal interest to clear stalled public projects
  • Social security agreement to be India's top agenda at TPF meeting with US
  • World Bank prescriptions for transaction cost reduction & ease of doing business

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International Transport Journalweb site
NOVEMBER 2, 2015
  • Nile Dutch adds Turkey to West Africa link
  • Reducing GHG in a big way
  • Goberna representing F&A in Iberia
  • Shanghai-Rotterdam rates almost stable
  • First blocktrain from Burghausen to south range port
  • Borg components reach workshops faster
  • Eurowings flying to Caribbean sun
  • ACP new Air China GSA in South Africa
  • Flying from London to Frankfurt for ACS
  • Tiger grants put teeth into US projects
  • E-commerce in Singapore's new shopping mall
  • High-ranking sales profi for Interrail
  • European re-exports affect LNG shipping
  • UK strengthens European railfreight trade
  • El Al unveils largest ever acquisition
  • C.H. Robinson reports glowing Q3 results
  • Hapag-Lloyd lowers share price range

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IHS Maritimeweb site
OCTOBER 30, 2015
  • No general increase for German defence members
    Freight, demurrage and defence (FD&D) insurance premiums for German tramp shipowners will remain unchanged for the tenth successive year in 2016, German defence association Schutzverein Deutscher Rheder informed its members on 29 October. Following a strong surplus for the year 2014 the club's
  • Mixed outlooks for COSCO, CSDC amid merger rumours
    China's top two shipping companies have experienced different fortunes amid rumours of merger talks. COSCO slumped into losses for the third quarter ended 30 September 2015 at CNY1.7 billion (USD267 million) against a profit of CNY1.62 billion in 3Q14. The company's revenue was recorded at CNY14.1
  • NOL slumps into net loss of USD96 million
    Singapore-listed Neptune Orient Lines (NOL) deepened its losses with a slump of USD96 million for the third quarter ended 18 September 2015, as compared with a net loss of USD23 million in 3Q14. The shipping company's revenue faltered by 28% to USD1.2billion in 3Q15, compared with USD1.6 billion in
  • Asia-Europe spot rates soar to USD988/teu Asia-Europe spot rates soar to USD988/teu Asia-Europe spot rates soar to USD988/teu
    Spot rates on the battered Asia-North Europe trade skyrocketed to USD988/teu this week as some carriers appeared to recover the full November 1 general rate increases. While it was not enough to make the year-on-year comparisons positive - the rate was 25% lower than during the same week last year
  • KSS Line orders another VLGC
    South Korean chemical and LPG shipping company KSS Line said on 30 October that it had ordered an 84,000 m³ Very large gas carrier (VLGC) worth KRW88 billion (USD77million) from Hyundai Heavy Industries (HHI) in anticipation of winning more long-term shipping contracts. The ship is to be built by
  • Bahri to renew shipyard project with Sembcorp, Saudi Aramco
    The National Shipping Company of Saudi Arabia (Bahri) will renew talks with Singapore-based Sembcorp Marine and oil company Saudi Aramco regarding the construction of a shipyard, although an agreement previously signed by the three parties has expired. Bahri, Sembcorp Marine, and Saudi Aramco
  • Ground-breaking for Wärtsilä factory in China
    CSSC Wärtsilä Engine Co (CWEC), a joint venture (JV) between Finland-based power supplier Wärtsilä and China's giant CSSC Group, held a ground-breaking ceremony on 28 October 2015. It celebrated the commencement of construction of its new 20,000 m² factory in Lingang, Shanghai. The CWEC JV was
  • Whistleblower highlights pilot fatigue
    Australia's transport safety investigation body has highlighted pilot fatigue along with equipment failure and marine work practices in its annual report released on 30 October. The Australian Transport Safety Bureau (ATSB) FY14 report cites 160 marine accidents and incidents, and five major

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The Loadstarweb site
OCTOBER 30, 2015
  • Asia-North Europe rates jump to nearly $1,000 as the next round of GRIs looms
  • Europe's air freight carriers report weak results, laying blame on global downturn
  • IAG Cargo, the least transparent, said its third-quarter commercial revenue, July 1 to September 30, was €238m, up 0.8% on a ...
  • NOL sails back into the red, blaming weak container market for APL revenue plunge

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Marine Logweb site
OCTOBER 31, 2015
  • Australia names preferred tenderer for new icebreaker

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World Wide Shipperweb site
OCTOBER 30, 2015
  • Port of Newport nets TIGER funds for deep-water marine terminal project
  • New Drewry report looks at state of LNG freight rates
  • Port of Olympia calling for Harbor Patrol Program volunteers
  • Port of Seattle taps Utterback as real estate development director
  • TSA teaming with AgTC to clarify new SOLAS rules

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Lloyd's Listweb site
OCTOBER 30, 2015
  • Daiichi Chuo shares delisted in Tokyo
    Japanese carrier under rehabilitation continues to seek sponsorship
  • Fugro cutting ships and staff as oil slump hits subsea
    Company to try new approach to selling subsea division after failing to find buyer
  • Bunker association appeals for pragmatism in OW disputes
    Negotiations preferable, but suppliers retain right to arrest vessels, says IBIA chief executive
  • Capital Product boosts earnings as fleet expands
    Greece-based owner inks new tanker charters with Petrobras and Shell
  • Asia-Europe rates jump threefold
    Carriers rejoice following successful November GRIs, but analysts warn of increased overcapacity in the weeks ahead
  • K Line down on supply/demand imbalance
    Consolidated income down 25% at diversified Japanese operator
  • NOL losses widen in third quarter as freight rates fall
    No peak season demand and weak backhaul trade drag down revenue
  • ACL's new ro-ro/containership heads for Liverpool
    Boost for Red Ensign as Grimaldi subsidiary pledges to register at least two of its new vessels in UK
  • Dorian LPG earnings up on newbuilding deliveries
    New York-listed owner takes advantage of strong spot rates
  • MOL dragged down by Daiichi Chuo
    MOL cuts full-year net income forecast by 60.5%
  • EBRD invests $218m in Morocco's new port
    Project will be built in the Bay of Betoya
  • US port projects awarded $44.3m in government grants
    Five awards will go to projects related to commercial seaports
  • Port of Venice discharges fully assembled shiploader
    Italian port handles one of its largest project cargoes to date
  • Pavilion Energy spearheads Singapore's LNG hub ambitions
    Company mulls small scale LNG supply development in Southeast Asia
  • Monarch nominates two independent directors to Scorpio Bulkers board
    Private equity group's feud with company over corporate governance intensifies
  • AgTC and TSA unite to address concerns over box weight checks
    Shippers fear Solas changes could cause significant disruption to supply chain
  • Seattle and Tacoma ports to adopt five-year capacity upgrade plan
    Alliance will allocate $39.1m capital budget for 2016
  • A convergence of conversions
    Greece retains plenty of ship conversion know-how
  • In shipping for the long haul
    Cross-traders focused on big vessels, Greeks are maintaining a high share of tanker and dry bulk business around the globe
  • Switching to gas
    Owners are proving adept at financing their expansion in both LNG and LPG shipping
  • Fewer finance options for the average owner
    Petrofin's Ted Petropoulos tells Lloyd's List that banks are starting to cleanse their portfolios, but confidence may not return until the market picks up
  • Suitors line up at Greece's door
    Most shipowners are adamant they will not be leaving, but maritime centres are circling as instability threatens the status quo
  • Greek boxship fleet stacks up
    The gap with Germany, traditionally dominant in containers, has been halved
  • The private side of public George
    Greece's most diverse shipowning group is poised to reinvent itself - again
  • Taking the finger off the trigger?
    Greeks are still a mainstay of shipping deals, but our poll of leading shipbrokers suggests that more of their clients are cautiously waiting on the sidelines
  • In sickness and in health
    Greek shipowners honour their vows to the sea as they continue investing in all industry sectors
  • Yards count cost of national crisis
    Stability and recovery of banking system are vital if industry is to be revived
  • Lunde's admiration for Greek shipowners is longstanding
    Norwegian-born ship industry leader Dagfinn Lunde talks to Lloyd's List about his special relationship with Greece

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The Journal of Commerceweb site
OCTOBER 30, 2015
  • Pricing, freight mix push up YRC Worldwide profits
    YRC Worldwide continued its slow, steady drive back into the black in the third quarter, reporting a net profit of $19.8 million, compared with a $1.2 million profit a year ago. For the first nine months of 2015, the less-than-truckload operator reported $24.2 million in net income, compared with a $73.9...
  • Shanghai-to-US container rates strengthen
    Following the lead of freight rates in the Asia-Europe trade, spot rates on the Shanghai Container Freight Index to the U.S. West and East coasts bumped up this week. Carriers have been complaining about the lack of a peak shipping season this fall, but it may be defined this year as...
  • New Baltiysk container facility aimed at speeding customs processing
    ST PETERSBURG - Baltic Stevedore Co. said its new nearly two-acre container yard for empties and an inspection point will speed up customs cargo processing and improve inland distribution at the Baltiysk container cargo terminal. The facility is part of Baltic Stevedore's broader $70 million plan to increase capacity from roughly 144,00...
  • ACL receives first of four innovative con-ro ships
    Atlantic Container Line has taken delivery of the first of four new container/roll-on, roll-off ships that are the largest of their type ever built and that will expand ACL's unique trans-Atlantic niche. The Atlantic Star will join ACL's trans-Atlantic service in December. Its sister ships will be delivered in the first...
  • Rotterdam partners with Bank of China to tap 'Belt and Road' push
    The port of Rotterdam has established a strategic partnership with the Bank of China focused mainly on Beijing's "Belt and Road" strategy to boost trade links with Europe. The alliance was sealed in a memorandum of understanding signed by the Port Authority's CEO Allard Castelein and Dong Weijan, president of the...
  • Hapag-Lloyd cuts IPO price range on 'market volatility'
    Hapag-Lloyd on Friday cut the price range for shares in its initial public offering, citing "ongoing market volatility." The German ocean carrier also bumped up the number of new shares in a capital increase after shareholder TUI reduced the number of shares it is willing to offer. The shares will now be...
  • Revenues flatten out among Japan's 'Big Three' lines
    Japan's three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.MOL, NYK Line and "K" Line reported their financial results for the first half of 2015, which started...
  • IAG cargo revenue rises, volume falls
    International Airlines Group posted a slight increase in cargo revenue in the third quarter despite a bigger decline in volume as the Anglo-Spanish carrier scaled back freighter operations. The British Airways-Iberia carrier's freight revenue edged 0.8 percent higher to 238 million euros [$262 million] in July-September from 236 million euros a...
  • Gujarat Pipavav volume plunges despite Nhava Sheva diversion potential
    APM Terminals-operated Gujarat Pipavav Port recorded a 24 percent year-over-year decline in its container volumes during the second fiscal quarter, according to a company statement filed with the Bombay Stock Exchange. It was the second straight quarter of declining throughput at the minor facility on India's west coast Industry analysts wonder...
  • Hapag-Lloyd cuts IPO price range on 'market volatility'
    LONDON - Hapag-Lloyd on Friday cut the price range for shares in its initial public offering, citing "ongoing market volatility." The German ocean carrier also bumped up the number of new shares in a capital increase after shareholder TUI reduced the number of shares it is willing to offer. The shares will...
  • JAL profit surges despite weak air cargo revenue
    Japan Airlines's net profit surged 28.7 percent year-over-year in the April-September period to 103.4 billion yen ($854 million), as lower fuel prices and cost-reduction efforts more than made up for a decline in cargo operations revenue. Revenue from cargo operations slipped 0.9 percent year-over-year in the April-September to 40.7 billion yen...
  • Weak freight rates send NOL tumbling to deep loss
    HONG KONG - NOL's third-quarter results were awash in red ink as the Singapore-listed company reported a third quarter net loss of $96 million, down 300 percent compared to the same period last year as rate levels tumbled on the major trades.The parent of container line APL posted core earnings...
  • Asia-Europe spot rates more than triple
    HONG KONG - Spot rates on the battered Asia-North Europe trade skyrocketed 327 percent to $988 per TEU this week as some carriers appeared to recover the full Nov. 1 general rate increases for the first time since anyone can remember.While it wasn't enough to make the year-over-year comparisons positive,...
  • Revenues flatten out among Japan's 'Big Three' lines
    Japan's three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.MOL, NYK Line and "K" Line reported their financial results for the first half of 2015, which started...
  • Despite recent lost, China Shipping to charter 11 mega-ships
    HONG KONG - Hours after reporting a $160 million net loss in the first nine months of the year, China Shipping Container Lines announced that it planned to charter 11 mega ships of 21,000 TEUs.China's second largest carrier will bareboat charter six of the ultra large container vessels and hold...

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TradeWindsweb site
OCTOBER 30, 2015
  • VLGC market tight into 2016: Dorian
    Dorian LPG executives expect world LPG exports to grow thanks to US and Iran
  • Brazil axe tips World Wide into breach
    World Wide Supply challenging Petrobras cancellation as bondholders declare default.
  • GulfMark idles PSV
    Latest reported lay-up means there are now 79 ships stacked in North Sea ports.
  • Barge and heavy-lifter collide off Texas
    US Coast Guard says Intermarine vessel is damaged after collision with a Kirby barge.
  • Operating costs to rise
    Consultant Moore Stephens says wages and repair bills to drive up owners' expenses next year.
  • CPLP falls short
    Evangelos Marinakis-led partnership boosts Q3 earnings but misses forecasts.
  • Dorian exceeds market's expectations
    Greek gas carrier owner posts strong Q2 result as it prepares for more newbuilding deliveries.
  • Maersk fixes AHTS
    Danish anchor-handler reportedly secures three-month deal with BW Offshore in Brazil.
  • NOL logs bigger loss
    Singaporean owner posts weaker result for the third quarter as revenue declines by one third.
  • Singapore shake-up
    Law firm Reed Smith poaches Ince and Incisive partners as it beefs up Lion City presence.
  • Dorian exceeds expectations
    Greek gas carrier owner posts strong Q3 result as it prepares for more newbuilding deliveries.
  • Glovis profit falls 82%
    Korean car carrier owner hit by sluggish demand in the third quarter.
  • Fewer orders hit MES
    Japanese shipbuilder posts a small first-half loss as new business falls 17%.
  • CT wins cable work
    Danish owner signs contract for vessel Sia to serve DONG's UK wind farm.
  • Bonheur mixed in third
    Oslo-listed company sees its cruise business deliver strong results but offshore division was weaker.
  • Hapag-Lloyd confirms IPO price cut
    German container line blames market volatility for reduction of range; maintains $300m cash target.
  • Condor ferry pulled
    $75m Condor Liberation out of service after maintenance problem.
  • Damen clinches icebreaker
    Dutch yard and Serco unit set for $712m contract for Antarctic newbuilding.
  • Crystal sale boosts NYK
    Result at Japan's largest shipowner boosted by the sale of its cruise arm in the first quarter.
  • Daiichi default dents MOL interims
    Japanese shipowning giant forced to take a JPY26.2bn write-down on stake in collapsed compatriot.
  • K Line profit down 45%
    Extraordinary losses bring drag down results at top three Japanese shipowner.
  • Pacific Radiance to re-jig bonds
    Move designed to give company greater operational and financial flexibility amid a depressed offshore industry.

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American Shipperweb site
OCTOBER 30, 2015
  • Spot container rates skyrocket from Asia to Europe
  • Japanese carriers report mixed first half results
  • CSCL to lease up to 11 ships with capacity for 21,000 TEUs each
  • Port of New York/New Jersey reports record September
  • Echo Q3 revenues, profits up more than 40%
  • Norfolk Southern sees 19% drop in Q3 net income
  • CN increases net income 18% in Q3
  • BMW taps K + N for spare parts services
  • Oceanex to replace fire-damaged crane at St. John's
  • SEKO opens first branch in Wales
  • HTA complains of illegal activity during drayage protests
  • NOL reports $96m Q3 loss due to 'severe' rate erosion
  • ACL takes delivery of largest-ever conro vessel
  • U.S. GDP growth slows in Q3
  • XPO Logistics finalizes Con-way acquisition
  • UPS readies for record holiday shipment volumes
  • Indonesia looks to join Trans-Pacific Partnership
  • Obama signs 3-week highway patch, PTC deadline extension
  • DOT awards $500m in TIGER grants

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The Bunker Bulletinweb site
OCTOBER 30, 2015
  • Ship operating costs set to rise, survey finds
    But percentage increase relatively low.
  • AGUNSA's new barge 'en route to Valparaiso'
    Replacing previous barge that had operational problems.
  • CARB warns of sulphur compliance risk when using 'ULSFO'
    Says products that don't meet distillate specifications are often close to upper 0.10% sulphur limit.
  • OW test case may go to Supreme Court
    Decision has implications beyond shipping.
  • Experienced bunker professional takes purchasing role
    Kim Gade has left Glander and joined MUR Shipping in Dubai.
  • Report: Vitol to use chartered ships for oil storage
    Four of five vessels will be used for 'refined products and a fifth for storage of dirty products'.
  • Odjfell extends fuel-saving programme
    By bringing more ships into the programme.
  • Carnival in fuel-saving move
    Costa Cruises to get digital monitoring of fuel use.
  • MAN Diesel claims vessel 'retrofit milestone'
    140 units on order, it says.
  • BV approves concept design for LNG bunker tanker
    Vessel has a 4,000 m3 carrying capacity for LNG.
  • Carnival launches fuel, fleet monitoring unit
    New unit opens in Germany.
  • Engine manufacturer celebrates vessel 'retrofit milestone'
    Engines have displayed 'seamless change' between fuel oil and gas operation, it says.
  • BV approves concept LNG bunker tanker
    Vessel has a 4,000 m3 carrying capacity for LNG.
  • Retrofit costs could hamper LNG bunkering uptake
    According to shipbroker Poten & Partners.
  • Report: Vitol to use chartered ships for crude storage
    Four of five ore-bulk-oil carriers will be used for 'refined products and a fifth for storage of dirty products'.
  • Ship leaking oil off Canada's East Coast
    Divers have recovered 6,000 litres of the estimated 20,000 litres within the vessel.

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