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06 April 2020 The on-line newspaper devoted to the world of transports 15:05 GMT+2

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Sched Netweb site
NOVEMBER 5, 2015
  • Yangzijiang Q3 profit dips but gets confirmation for 12 shipbuilding orders
  • ICTSI 9-month net profit up slightly on increased throughput
  • China pivotal to intra-Asian container shipping growth
  • Southampton plays host to world's biggest ships with start of new service
  • Vietnam's Cai Mep terminal welcomes first 14,000-TEU ship
  • DHL abandons IT forwarding system, writing off US$378m
  • Ship-to-shore cranes arrives at Mersey for Liverpool2
  • ISS opens new offices in Brazil in partnership with fertiliser specialist
  • New CSX intermodal service out to grab back lost highway freight
  • TOC Mideast conference focuses on Iran re-joining global trade
  • Heathrow's US$278m plan to double airfreight volumes over the next 15 years
  • DSV hikes profit forecast with better-than-market Q3 airfreight volume growth
  • IAG Cargo Q3 revenue up despite challenging market conditions

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Exim Indiaweb site
NOVEMBER 4, 2015
  • Advance Cargo Declaration is now compulsory for shipments to & from Nigeria
  • Class 4.1: Flammable Solids & Solid Desensitised Explosives
  • Elektrans adds third tanker to its fleet
  • FEDSAI calls into question Fieo's contention on shipping line charges
  • Spices exports zoom in Q1 2015-16
  • Essar Ports' net profit up 9 pc in Q2
  • India flags off trial run of road cargo thru' Bangladesh
  • INR recovers smartly against dollar
  • SaPa opens its Mumbai Chapter

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International Transport Journalweb site
NOVEMBER 5, 2015
  • Stabile situation in a difficult market
  • Tiaca welcomes new members
  • Conveying new tugboats to Johor
  • Heathrow tables ambitious cargo plans
  • Copper with a radiant smile
  • Over 900 trailers handed to clients
  • Delta to exit trade body immediately
  • WFS and Fraport finalize partnership
  • Closing the gap in the north
  • Plug-in hybrid lightens carbon footprint
  • Upgrade in the pipeline for Manzanillo
  • Makeover for Cathay Pacific
  • Tying the knot in rail infrastructure field
  • Climbing the career ladder
  • Good news for European freight forwarders
  • AAPA gains little ground in seventh round with Tiger

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IHS Maritimeweb site
NOVEMBER 4, 2015
  • Hapag-Lloyd completes share placing
    German container line Hapag-Lloyd has managed to complete its IPO on the German stock exchange but probably with severe consequences for its existing shareholders.
  • Brazil strike to impact crude, product tanker markets
    The strike by workers at Petrobras oil production facilities in Brazil is expected to have a positive impact on product tanker demand and a negative effect on the crude tanker sector.
  • Danaos income soars on lower financing costs, higher charter revenue
    Danaos' third-quarter income soared by 143% year on year as the container ship owner reduced its financing costs and grew its charter revenues.

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The Loadstarweb site
NOVEMBER 4, 2015
  • Maersk Line set to shed 4,000 jobs as market downturn wreaks havoc on profits
  • Reduced price of Hapag-Lloyd share offer means heavy losses for existing investors
  • Analysis: UPS urgently needs to prepare itself for an Amazon e-commerce attack

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Marine Logweb site
NOVEMBER 4, 2015
  • First U.S.-flag passenger vessel offers Cuba charter service
  • Azipods ordered for two more Carnival Corp. newbuilds
  • Damen inks deals for Carrousel Rave Tugs and ASD
  • Volvo Penta updates its largest marine diesel
  • First LNG containership transits Panama Canal
  • El Faro wreck is missing bridge, VDR not found
  • Maersk Line to cut jobs, scale back shipbuilding plans

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World Wide Shipperweb site
NOVEMBER 4, 2015
  • Crowley Maritime completes deal for Miami-based SeaFreight Line
  • Inchcape Shipping Services opening new Ukraine office
  • Federal Maritime Commission revokes Swift's OTI license
  • First LNG-powered box ship passes through Panama Canal
  • Diana Shipping Oks purchase of Capesize dry bulk vessel

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Lloyd's Listweb site
NOVEMBER 4, 2015
  • El Faro's bridge and voyage data recorder are still missing
    Underwater sonar device will be used to generate a map of the debris
  • Recycling part of shipping's corporate social responsibility, conference told
    Owners need to do more than Hong Kong convention minimum
  • Port of Houston reports rise in chemical tanker arrivals
    Increase follows seasonal big drop in August
  • The results round-up
    A list of Wednesday's earnings stories from the maritime industry
  • Cosco Shipping suspends $396m private shares placement
    Parent group's restructuring 'contains large uncertainty', specialised vessel unit tells regulator
  • Tankers keep MISC profit level despite heavy impairment
    Offshore downturn to affect future heavy engineering earnings
  • Liner reliability at all-time high
    MOL holds on to top spot as carriers clock record monthly on-time performance in September
  • Petrobras strike may hit VLCC and suezmax markets but benefit product trade
    Scandal-mired Brazilian energy giant sees lower oil output amid industrial action
  • DHT intent on catching up with rivals in coming months
    Soon-to-be-delivered newbuildings, combined with three VLCCs coming off time charter, give DHT extra earning power and value to investors
  • Maersk Supply Service cuts 200 more jobs
    Company cutting costs ahead of expected further lay-ups
  • Greek owners' growth comes as a surprise, says analyst
    Tonnage grew 7.5% over the last year despite adversity
  • Product tanker rates slump on excess tonnage
    It could take weeks before activity picks up
  • Scorpio Tankers firing on all cylinders
    Option exercised for additional MR vessels as expanded fleet and improved operating margins help generate $150.8m third-quarter ebitda
  • Lower charter rates drag down Rickmers Maritime third-quarter revenue
    Trust temporarily suspends distributions to conserve cash
  • MSC to cut chartered fleet but no order cancellations
    Chartered ships will be returned but MSC will complete existing newbuilding programme despite Maersk's option cancellations
  • Idle box fleet at highest level in 18 months
    Number of inactive vessels on the rise as volume demand continues to disappoint
  • Tidewater ends second quarter with 51 ships in lay-up
    Lower revenue and utilisation bring second consecutive quarterly loss
  • DP World community work has helped 65,000 people
    But corporate social responsibility impacts have to be measured, conference told
  • Bourbon lays up 31 as utilisation tumbles
    Oversupply sees average rates fall 11.4% in the third quarter
  • Ferd offers Fjord Line $23m for fresh equity
    Investor offers NKr5 per share for 40m freshly issued shares
  • CKYHE trims Asia-North Europe and Mediterranean services
    Nine voyages to be cut over next two months to adjust for seasonal market
  • DHT beats expectations as it pockets $28m
    Better figures arose from fleet growth and a stronger freight market
  • GA Holdings prices 49% Ardmore stake in public offer
    Ardmore Shipping will not get any proceeds from the public offering
  • Maersk Line axes jobs and scales back fleet expansion as demand fails to live up to expectations
    UPDATED: Carrier will not exercise options to acquire six 19,630 teu vessels but large ships still a key driver for Maersk's strategy, says Skou

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The Journal of Commerceweb site
NOVEMBER 4, 2015
  • Ocean carrier reliability hits all-time high, SeaIntel says
    With carriers in the Asia-Indian Subcontinent, Middle East-Asia and Asia-Mediterranean trades leading the way, global on-time performance in September reached an all-time high on the SeaIntel reliability index, the Copenhagen-based consulting firm reported today. SeaIntel's Global Liner Performance report, which has been tracking ocean carrier schedule reliability since July 2011, said...
  • Expeditors continues streak of double-digit profits
    Revenues were down 3 percent to $1.7 billion and operating income was up 21 percent to $192 million year-over-year at Expeditors International of Washington in the third quarter. The company said strategic initiatives propelled its operating income into the double digits for the fourth straight quarter as air freight tonnage increased...
  • NYK hopes diverse business lines will get it through tough market
    NYK Line hopes its diverse array of business lines will help the company overcome the plunge in rates caused by overcapacity hitting the industry and has no plans to back away from its mega-ship orders. Excess container capacity will be a defining feature of the market into the future, and it...
  • Putting respect in driver's seat is vital to future of US harbor trucking
    You won't currently find a situation where drivers are in short supply in the Houston market. And although container volumes through the Port of Houston are up a solid 11 percent through August, in part because of diversions from the West Coast, equipment isn't in short supply. "Equipment availability is currently...
  • Wrap-Up Report: JOC Inland Distribution Conference
    JOC Senior Editor Bill Cassidy reports on the Oct. 2015 Inland Distribution Conference, including insights from FedEx Chairman Fred Smith, key concerns facing shippers and and regulatory changes impacting truck drivers on the road. ...
  • USA Truck hits double-digit profit, revenue pothole
    USA Truck's profit and revenue fell by double-digits in the third quarter as it works to restructure operations and implement new technology. The company had to absorb a restructuring charge of $2.9 million in the quarter, which dragged revenue down 19.6 percent to $123.5 million and profit down 32.5 percent to $2.7...
  • CKYHE Alliance blanks Asia-Europe sailings
    LONDON - The pan-Asian CKYHE Alliance has blanked nine sailings from Asia to north Europe and the Mediterranean in response to shrinking demand in the slack winter season. The alliance, comprising China's Cosco, K-Line of Japan, Taiwan's Evergreen and Yang Ming and Hanjin Shipping of South Korea, will cancel nine sailings from...
  • Digital Logistics - The Logistics Enterprise of the Future
    Technology-led disruption has already begun for all logistics enterprises - Asset, non-Asset and shippers. We are currently being overloaded with IoT, Big Data, predictive analytics, mobile and communication technology, wearables, gamification etc.. Logistics enterprises and shippers are struggling to find clues on where can they begin, what's the ROI, which...

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TradeWindsweb site
NOVEMBER 4, 2015
  • Algoma earnings dip across wet and dry
    Toronto-listed owner of lakes bulkers and tankers sees customer shipments decline.
  • DHT Holdings sees strong 2016 for VLCCs
    But analysts express caution about large tanker market's future amid growing orderbook.
  • Judge starts clock for El Faro court melee
    Steamship Mutual to deposit $15.3m as more suits emerge over sinking of TOTE ship.
  • Euronav shares slump on Livanos selldown
    Tanker owner's shares retreat as chairman offers $125m worth of stock in bookbuilding process.
  • Scorpio strikes on $144m options for MRs
    Tanker owner increases firm orderbook by four, with six options still available.
  • Navios Partners has ripped off band-aid
    Angeliki Frangou explains distribution cut for which Wall Street found one popular metaphor.
  • Cash piles into tankers as dry spending slumps
    Investment in tankers has passed last year's level while capesize interest has been cut in half.
  • GSL sees red ink
    Impairment charges related to two ships take a toll on containership owner's Q3 bottom line.
  • Golar LNG signs FSRU deal for Ghana project
    Golar said it is first LNG firm to offer storage and regasification in sub-Saharan Africa.
  • Multraship adds two
    Damen to build more powerful tug pair for towage and salvage company.
  • Scorpio Tankers surges in third quarter
    New York-listed tanker owner sees profit come in slightly above analyst expectations.
  • Hapag-Lloyd hits IPO target after delay
    German line to spend on ships as it finally completes share sale to raise $300m.
  • Rickmers suspends payout
    Boxship owner takes "difficult decision" to stop cash distribution as it waits for market recovery.
  • Maersk Supply axes 200 employees
    Danish giant's offshore arm reveals more redundancies hot on the heels of Maersk Line's job cuts.
  • PACD hurts Samsung
    South Korean shipyard revises its Q3 result to a loss following Idan Ofer's rig cancellation.
  • Russian shipyard volumes decline
    Country's builders turned out 98 ships in first nine months of 2015, down 20%.
  • CKYHE lines cut boxship sailings
    Cosco, K Line and others drop nine voyages from Asia to Europe as winter demand falls.
  • Bourbon stacks 31 ships
    French owner reveals lay-up tally as it battles reduced investment by oil companies in tough offshore market.
  • Maersk to sack 4,000
    Danish giant set to shed 18% of global workforce as it adjusts to new reality of liner market.
  • Write-downs hurt Tidewater
    US-listed offshore vessel company hit by series of one-off costs in third quarter result.
  • Impairments dent MISC Q3 results
    Malaysian shipowner suffers in the third quarter despite improved tanker freight rates.
  • Yangzijiang seals first VLGC orders
    Chinese shipbuilder secures breakthrough order in gas sector as it looks to diversify product offering.
  • IMB warns over complacency
    Malaysian-based piracy reporting centre welcomes latest crack-down, but says don't drop your guard.
  • Impairments dent Tidewater
    US-listed offshore vessel company hit by series of one-off costs in third quarter result.

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American Shipperweb site
NOVEMBER 4, 2015
  • Trade data firm merger a sign of changing market
  • World Freight Services closes deal with Fraport AG
  • Kenco looks into drone technology for warehouse management
  • Airfreight carrier ANA launches new service
  • DHL opens new service center in Herndon, Va.
  • Executive Moves: V3 Transportation and Port of Long Beach Board of Harbor Commissioners
  • Maersk Line to eliminate 4,000 positions
  • SEKO Logistics strengthens presence in California
  • Trade supporters oppose diversion of Customs fees in transportation bill
  • Hapag-Lloyd raises $300m through initial public offering
  • Ag shippers, ocean carriers discuss new container weight regulations
  • Navigation bridge separated from rest of El Faro wreck
  • AFCO Shipping launches first ocean service
  • RR Donnelley purchases managed delivery services provider
  • Heathrow looks to double cargo volumes by 2030
  • FedEx, TNT extend public offer period

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The Bunker Bulletinweb site
NOVEMBER 4, 2015
  • Low prices, high risk
    Ship operators with poor payment records may be accessing unduly generous volumes of product.
  • OW lawyer: '$125 million has disappeared'
    Examination of Tankoil's books finds not very much.
  • Piraeus bunker deliveries face disruption as strike continues
    'We have three stemmed vessels to supply but due to the strike, we cannot load from refineries.'
  • Meech: No growth in demand despite low oil prices
    Thinks demand is softening this year,predicts low oil prices and slow demand growth in coming decade.
  • Cape Town: Second bunker barge call
    To avoid missed opportunities.
  • Maersk Line scaling back capacity and cutting jobs
    'A number of markets have disappointed with a lot weaker demand than expected,' says chief executive.
  • Ferry arrest: WFS among list of creditors
    Bunker supplier seeking interest and late fees.
  • Cruise vessels get fuel-saving propulsion system
    Newbuilds to be built in Italy.
  • Cruise ferry under arrest at Portland
    World Fuel Services among list of creditors.
  • Nustar Energy quarterly earnings up
    Firm's fuels marketing segment recorded operating loss.
  • Cruise vessels to utilise fuel-saving propulsion system
    Newbuilds to be built at a Fincantieri shipyard in Italy.
  • Red Sea player makes first STS bunker delivery
    Red Sea Bunkering begins deliveries on schedule.
  • Singapore: Research house focused on energy efficiency
    DNV GL builds marine research portfolio.
  • Chandris fined $1 million for falsifying oil record book
    Related to a USCG oil book inspection on January 3.

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