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23 September 2019 The on-line newspaper devoted to the world of transports 05:15 GMT+2

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Sched Netweb site
DECEMBER 9, 2015
  • US west coast October cargo volumes flat, BCOs fearful of labour strife
  • Hazmat-laden 4,500-TEU Hanjin Aqua on the rocks in Indonesia
  • Building a million TEU box shop proves to be a challenge in Naples
  • China's carbon trading warns of problems with nationwide implementation
  • Shippers: Why 25 needed to sign for Nigerian cargo, but only one in S'pore?
  • China-British Commonwealth trade is projected to hit US$1 trillion by 2020
  • Maersk starts direct service from west coast South America to Japan
  • 17,859-TEUer debuts in LA as CMA CGM Ben Franklin docks on Boxing Day
  • PLA launches super maintenance ship Titan to keep busy River Thames tidy
  • Containerised US dairy cows go to Vietnam to provide milk for children
  • Hong Kong airport secures US$$650 million loan for 3rd runway
  • Finnair to hire 100 pilots, 300 cabin crew to prepare for long-haul growth
  • Chennai airport re-opens after heaviest rains in 100 years grounds all flights
  • CEVA expands warehouse near Kuala Lumpur - now biggest in southeast Asia
  • Chapman Freeborn Airchartering opens in Katowice, Poland's science centre

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Exim Indiaweb site
DECEMBER 8, 2015
  • CMA CGM improves its Europe-Africa Lines
  • CMMI's conference on mandatory container weight verification tomorrow
  • Construction of Jal Marg Vikas waterways project to commence in March next year
  • Cotton exports likely to rise by 18 pc in 2015-16
  • Oilmeal exports decline by 41 pc on price disparity
  • Almost all shipping lines implementing e-DO at JN Port
  • Coal stocks at key ports up by 2.4 pc to 12.57 mt
  • Indira Container Terminal berths maiden vessel of Liberty Global Logistics
  • KPT invites EoI to develop Port-based industrial park in Kandla
  • Navi Mumbai Airport RFP likely to get govt nod soon
  • SEZ developers raise key issues at meet

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International Transport Journalweb site
DECEMBER 9, 2015
  • Weighty arguments
  • Fiata registration - even easier online
  • Cash to cut congestion in Delaware
  • Europe's airports welcome new commission strategy
  • Higher road tolls, lower track prices
  • Logix award for Munich-Parsdorf logistics centre
  • Smart ship made in China
  • New contract logistics director for Iberia
  • Sweden extending UHF track and trace system
  • Joe Pitcher joins maritime training provider
  • Mega move from Japan to Kazakhstan
  • From North Asia to Australia and Papua New Guinea
  • Emirates mothballing large part of current fleet
  • HHL: two new offices and one new agent
  • Driving e-commerce via Indian connection
  • Ocean freight rates in free fall
  • Construction work starts on Pittsburgh rail terminal

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IHS Maritimeweb site
DECEMBER 8, 2015
  • Port of Tallinn starts ferry company, issues bonds to build ferries
    A design for one of the new ferries. Credit: Port of TallinnEstonia's largest port has issued EUR60 million worth of bonds and established a ferry company. The wholly-owned state Port of Tallinn has set up a 100% subsidiary, TS Laevad Ltd, that has ordered and will then operate four local...
  • Mundra set to surpass J N port as India's biggest container gateway
    Credit: Mundra portMundra port is building a new container terminal, the fifth overall, as it looks to expand capacity in Asia's third biggest economy. Mundra is India's biggest commercial port located in the north western state of Gujarat. The new terminal is designed to handle 1.2 million teu and will be...
  • Turkish yard wins offshore wind support vessel order
    Turkey's Yalova-based Cemre Shipyard has secured a contract to build a service operation vessel for the offshore wind farm industry. Ordered by Esvagt of Esbjerg in Denmark the vessel will support MHI Vestas Offshore Wind technicians maintaining wind turbines off the Belgian coast on the Noblewind project under a 10...
  • Impact of APL's G6 alliance exit in spotlight
    CMA CGM's plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance and what the loss of its Singapore-based member would mean. On Monday, CMA CGM vice chairman Rodolphe Saade announced that a USD2.4 billion offer was to be...
  • Commentary: Impact of APL's G6 alliance exit in spotlight
    Credit: Hannes van RijnCMA CGM's plans to bring APL into the O3 Alliance once the NOL acquisition is done has put the spotlight on the G6 Alliance and what the loss of its Singapore-based member would mean. On Monday, CMA CGM vice chairman Rodolphe Saade announced that a USD2.4 billion...
  • Sembcorp must set aside USD460 million for rig cancellations, say analysts
    Jurong shipyard, where most of Sembcorp's rigs are built. IHS/Krispen AtkinsonSembcorp Marine would have to make provisions of SGD 643 million (USD460 million) for eight rig orders that are at risk of being cancelled, predicts Singapore securities firm UOB Kay Hian. UOB Kay Hian analysts Nancy Wei and Foo Zhiwei said...
  • DSME bond repayment allays financial fears
    DSME shipyard. Credit: HasenpuschBeleaguered South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) said it has been repaying loans and corporate bonds, allaying fears over its financial standing. DSME could be staring at KRW5 trillion (USD4.3 billion) of losses after unveiling concealed losses from offshore plant orders in July 2015. The...
  • Jurong Port to build oil storage terminal with Oiltanking
    Jurong port. Credit: Joachim AffeldtSingapore's Jurong Port, primarily a destination for dry bulk and breakbulk cargoes, will be adding a storage terminal for chemicals and petroleum products to its facilities. The port and Oiltanking Singapore Limited, the Singapore-based subsidiary German liquid bulk terminal operator Oiltanking GmbH have signed an agreement to...
  • Salvage Union promises clampdown on unethical behaviour
    Maritime Maisie struggled for a place of refuge. Credit: Lloyd's Register.John Witte, the new president of the International Salvage Union (ISU), has delivered a strong message that unethical behaviour by some salvors will not be tolerated. Witte, senior salvage master for diversified US salvage company Donjon Marine, highlighted the issue during...
  • Phnom Penh port to list on Cambodian Securities Exchange
    The Cambodian bourse. Credit: CSX Cambodia's Phnom Penh Autonomous Port (PPAP) will become a listed company on 9 December after a successful initial public offering (IPO) that saw 20% of its share capital sold to private investors. PPAP raised USD5.2 million with the sale of 4.1 million shares in three tranches....
  • Container freight rates hit year low in October
    Credit: PAContainer freight rates suffered a sharp fall in October to their weakest level this year, figures released by Container Trade Statistics (CTS), the UK based consultancy show. Their freight rate index, which includes both spot and contract rates, fell by six points to 71 in October, well below the previous...
  • Grounded Hanjin ship has detention record
    Container ship Hanjin Aqua that ran aground in the Sunda Strait on 4 December with class A hazardous cargo and a hole in its hull, had been detained in Australia for repairs earlier this year. Australian Port state control detained the 51,032 gt vessel in the port of Brisbane in September...
  • DryShips' losses near billion-dollar mark
    DryShips founder George Economou. Credit: Chris Preovolos/Marine Money.Financial fallout from slumping bulker rates has topped off enormous impairment charges at George Economou's DryShips, which is in the process of selling most of its fleet. On 7 December, the NASDAQ-listed shipping company posted a net loss of USD820 million for 3Q15,...

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The Loadstarweb site
DECEMBER 8, 2015
  • Plunging sea freight rates bad news for air cargo as price gap hits new record
  • Analysis: Deutsche Bahn may be planning some pruning of the corporate tree
  • NYK quits as Asia-West Africa trade goes 'from bad to worse' with rates and volumes falling
  • Smog-bound Beijing details ECA plans
  • Tanzanian PM probes alleged port container scam
  • Call for open skies at Schiphol dominates air cargo debate
  • Cargolux boosts African business after poaching DB Schenker director

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Marine Logweb site
DECEMBER 8, 2015
  • PPG says new tank coating is a game changer
  • ABB solutions picked for Yamal LNG project icebreaker
  • DDG 1000 is out on sea trials
  • Esvagt orders new design wind farm service vessel
  • TOTE Maritime Alaska names Michael Noone President
  • Foss Maritime names John Parrott COO

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World Wide Shipperweb site
DECEMBER 8, 2015
  • TOTE Maritime Alaska taps Michael Noone as COO
  • US inks Customs agreement with Dominican Republic
  • Coast Guard rescues man from drifting sailing vessel
  • Crowley Maritime adding 400 new refrigerated boxes
  • "K" Line selects BISHU MARU as name for new LNG carrier

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Lloyd's Listweb site
DECEMBER 8, 2015
  • Paragon Shipping signs agreement over $38m outstanding debt
    $57m facility was set up as an exchange for the sale proceeds of three vessels
  • TEN to resume $20m stock buy-back programme
    Shares will be repurchased in open market transactions at management's discretion
  • Diana and Jiangnan delay handover of two newcastlemaxes
    Move said to be mutually beneficial for Greek owner and Chinese builder
  • Suezmax rates from the Middle East track VLCC gains
    Aframax market supported by Kuwait to Singapore trade
  • OSV owners should focus on costs and utilisation to survive
    More than half of companies analysed for AlixPartners study could be headed towards bankruptcy
  • US eases shipping sanctions for six months
    Rapid box trade growth attracting major line interest
  • Supramax index stays around seven-year low
    Rates roll down from last week's level amid a long tonnage list
  • Evergas orders four new ethane carriers
    Newbuildings to be delivered from first quarter of 2018
  • IBA and Human Rights at Sea introduce app to help seafarers report abuse
    Program for smartphones and tablets helps to record images and video which can be used as evidence in court
  • Svitzer takes delivery of two Damen ASD tugs 3212 in the UK
    Tugs to carry out general towage and escort duties at ports of London and Felixstowe
  • Vallianz Holdings clinches time charter contract worth up to $98m
    Charter to start in first quarter of 2016
  • Chennai container movements affected by floods
    Port slowly resuming operations as floodwaters recede
  • CMA CGM expects Yildirim's exit to be gradual
    French line in discussion with Turkish investor about redeeming $600m of convertible bonds maturing next month
  • CMA CGM puts US west coast ports to the test with 18,000 teu ship
    No decision yet on whether vessels of this size will be deployed regularly on the Pacific, says Rodolphe Saadé
  • DryShips posts $820m net loss
    Third quarter sees a drop in daily revenue in dry bulk carriers but a slight rise in tankers
  • NASSCO delivers first of five Eco class tankers to APT
    Construction and operation of tankers will comply with the Jones Act
  • CIT Maritime Finance provides $40m loan to Valløby Shipping
    Startup tanker owner enters chemical market backed by private equity group
  • KfW commits to financing two Royal Caribbean cruiseships
    German bank will cover loan but seeks syndication

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The Journal of Commerceweb site
DECEMBER 8, 2015
  • GT Nexus Whitepaper: A Holistic Approach to Source-to-Pay
    Many companies today still employ various point solutions from niche AP and P2P software providers to execute the financial supply chain. In doing so, companies over-complicate the very process they seek to simplify. Point solutions reside in a silo, preventing the flow of data across departments such as sourcing, logistics,...
  • US import volume forecast to end year with a whimper
    U.S. retailers expect import volume will close the year with a whimper, with inbound volume set to slip 0.1 percent year-over-year in December. Although import volume will surge in early 2016, much of that is because of easy comparisons to the same periods in 2014, according to the Global Port Tracker....
  • Hostile takeover of NS by CP after rejected bid seen as unlikely
    Norfolk Southern Railway's second rejection of a takeover bid from Canadian Pacific has ignited talk of a potential hostile takeover - something the Class I railroad industry has never seen and is unlikely to occur, according to an intermodal analyst. "There hasn't been a hostile takeover of a railroad to my...
  • Freight rates hit lowest point of year in October
    Container freight rates suffered a sharp fall in October to their weakest level this year, figures released by Container Trade Statistics, a U.K.-based consultancy, show. Their freight rate index, which includes both spot and contract rates, fell by six points to 71 in October, well below the previous 2015 low of...
  • Japan shipping industry outlook darkens
    Teikoku Databank Ltd., a leading corporate credit research firm in Japan, has painted a bearish picture of the nation's shipping industry, citing growing uncertainty over China's economy. The Tokyo-based research firm said that the number of Japan shipping companies exiting the market could increase this year and into 2016. The overall revenue...
  • Variability is foe of port performance, Ports America executive says
    Peter Ford, chief strategy officer, Ports America, addresses the JOC's third annual Port Performance North America Conference in Iselin, New JerseyISELIN, New Jersey - Container ports need a fresh, no-holds-barred examination of ways to reduce variability that hobbles productivity, Ports America's chief strategy officer said Tuesday. "I think at some point we need to take...
  • Variability is foe of port performance, Ports America executive says
    ISELIN, New Jersey - Container ports need a fresh, no-holds-barred examination of ways to reduce variability that hobbles productivity, Ports America's chief strategy officer said Tuesday. "I think at some point we need to take a white paper and start fresh and work backwards," said Peter Ford at the JOC's third annual...
  • Freight transportation industry transformed in 2015
    2015 may not go down as the most disruptive or revolutionary year in freight transportation history, but it's certainly been one of the most transformative ones. The year opened, after all, with the second contentious, congestion-inducing longshore labor contract-negotiating process in as many years. When the dust settled in February with...
  • Phnomh Penh port to list on Cambodia Securities Exchange
    Cambodia's Phnomh Penh Autonomous Port will become a listed company on Wednesday after a successful initial public offering that saw 20 percent of its share capital sold to private investors. PPAP raised $5.2 million with the sale of 4.1 million shares in three tranches. A share price of 5,120 riel ($1.26) was...
  • Throughput flat at India's busiest public container ports
    Container throughput at India's major ports inched up 1.83 percent year-over-year in the first eight fiscal months, as sluggish global demand dragged down volume growth at the country's state-owned cargo gateways. Volumes during April to November totaled 5.4 million 20-foot-equivalent units, up from 5.3 million TEUs a year earlier, the newest...
  • Ocean carriers repeating mistakes of 2009, Drewry says
    Ocean carriers are repeating some of the mistakes that pushed many close to the brink during the 2009 crisis but the industry is in better shape to survive the current crisis, according to Drewry Shipping Consultants. The 2009 crash, triggered by the global financial crisis, saw container demand decline by an...
  • US railroads crack down on terminal free time for shippers
    At least two Class I railroads are cracking down on how long shippers can keep their containers and trailers at intermodal terminals via shorter free-time windows - and one of the railways has hiked storage fees - in an effort to improve network velocity. Their efforts, unsurprisingly, have frustrated some shippers...
  • S&S Activewear to speed distribution with Kansas distribution center
    S&S Activewear will open a distribution center in the Olathe, Kansas, becoming the third company to announce plans for manufacturing and logistics operations in the Kansas City area in the past month. The promotional apparel wholesaler, will occupy a 473,000-square-foot distribution center in Olathe, expanding its national one-day shipping footprint. The...
  • NY-NJ 'gray' chassis pool awaits deal with ILA
    Creation of a centrally managed chassis pool at the Port of New York and New Jersey is awaiting an agreement on labor issues involving International Longshoremen's Association jurisdiction over maintenance and repair. Port interests have been working since early 2014 to create the "gray" pool, which would allow truckers to pick...

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TradeWindsweb site
DECEMBER 8, 2015
  • Star Bulk Carriers sells bulker quartet
    New York-listed shipowner unloads two capesize vessels and two kamsarmaxes for $122m.
  • OSVs face growing debt risk
    Report from US restructuring consultancy says some OSV owners face bankruptcy risk.
  • China Cosco Holdings president resigns
    'No disagreement' as Jiang Lijun is replaced by Xu Zunwu amid merger talks with CSG.
  • Five Szafir crewmen freed from captors
    Polish officials say men taken hostage by pirates off Nigeria coming home
  • Navios Partners stock surges as fears ease
    Analyst lowers price target but says company has the cash to weather dry-bulk storm.
  • Seanergy mulls more vessel acquisitions
    But New York-listed shipowner says pursuit is 'cautious' after seven-ship deal.
  • TEN goes again
    Greek tanker and LNGC owner resumes share buyback programme worth up to $20m.
  • NewLead bitumen tanker secures pay rise
    Michael Zolotas-led shipowner sees six-month option taken out at a higher rate.
  • Sino-Global pulls tanker buy
    US-listed company scraps $10.5m deal to acquire vessel from Hong Kong owner.
  • Dorian files for $500m shelf offering
    The New York-listed VLGC shipowner looks to raise additional capital at future point.
  • Ro-ro spill investigated
    Owner of Finland's Fjordvagen says thruster leak could have lasted two weeks.
  • Paragon Shipping sells trio
    Greek owner confirms disposal of three bulkers to pay off $38m loan with Commerzbank.
  • Moody's takes more positive view of SCF
    Russian owner's improved position and stronger state of government bonds draws revisions.
  • Sembcorp's new record
    Singaporean shipyard claims to be topping the list of LNG vessel repair projects worldwide.
  • Global Ports targets $434m
    Russia's biggest terminals group lines up bond issues to refinance existing debt.
  • Evergas adds ethane capacity
    Jacques de Chateauvieux-led company places order for up to six 32,000-cbm carriers in China.
  • Euroseas scraps again
    Second vintage boxship in quick succession said to have been weighed in by Nasdaq-quoted owner.
  • Nacks' new LNG design
    Chinese yard and Lloyd's Register develop dual-fuel multipurpose eco-ship.
  • PSA makes European move
    Singapore tug group offers fleet of modern crew transfer ships in partnership with manager Njord Offshore.
  • Schroders snaps up more Norden shares
    Major investor buys a further $7m slice of Copenhagen-listed bulker and tanker owner.
  • Vroon goes in-house
    Dutch owner ends longstanding Dens Ocean management deal for livestock carriers.
  • NOL chief executive explains sale of 'icon'
    Ng Yat Chung talks over difficult $2.4bn decision as Rodolphe Saade reveals year of serious consideration.
  • Aurora in Wilhelmsen Ship Management JV
    Norwegian takeover target signs deal to take its VLGC fleet under WSM management.
  • Augustea leads panamax demolition drive
    Italian owner scraps youngest panamax bulker so far this year with numerous others to follow, brokers say.
  • Ferry debut delayed
    HighSpeedFerries needs further financial backing for UK to France run, council says.
  • Esvagt orders wind ship
    Danish owner heads to Turkey for new vessel to maintain turbines off Belgium.
  • Relief for Myanmar
    US lifts trade and ports ban for six months to boost opposition party after election win.
  • CIT funds Valloby acquisition
    Private equity-backed owner hopes to become tonnage provider to the chemical tanker sector.
  • Nomura downgrades J3
    Earnings estimates trimmed for NYK, MOL and K Line on slowing demand and tonnage oversupply.
  • Jurong Port targets tankers
    New liquid bulk terminal will support the increasing demand of storage needs in Singapore.
  • Dorian files for $500m shelf offering
    The New York-listed VLGC shipowner looks to raise additional capital at future point.
  • Shipping stocks get more time
    Singapore Exchange extends deadline for listed companies to meet new anti-speculation rules.

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American Shipperweb site
DECEMBER 8, 2015
  • TOTE containers washed overboard en route to Puerto Rico
  • Lakes limestone trade thrives in November
  • Norfolk Southern knocks back second CP takeover offer
  • U.S. transportation hiring bounces back in November
  • UAE container terminal prepares for expansion
  • IAG Cargo adds 26 new stations in Europe
  • Ex-Im Bank back in business
  • Crowley adds 400 reefer containers to equipment fleet
  • Canada prepared to retaliate for unresolved U.S. COOL issues
  • U.S. meat exports struggle in October
  • Siemens to use Amber Road for China trade management
  • Obama signs highway bill, triggering CSA reboot
  • North American railway volumes down 1.8% in 2015

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The Bunker Bulletinweb site
DECEMBER 8, 2015
  • Bunker prices tumble in hub ports
    Rotterdam 380 cSt material has lost $20 in two days.
  • 'True worth' fuel update from ViswaLab
    Suggests the 'best' fuel from Middle East is worth $36 pmt more than the 'worst' fuel from Singapore.
  • China unveils plans for curbing sulphur emissions from ships
    Self-styled ECAs will not be as stringent as rules already in force in North America and Northern Europe.
  • Objections filed against OW US liquidation plan
    One company is afraid of losing right to pursue vessels for $1.5 million worth of unpaid bunkers.
  • Oiltanking to delay Indonesian Karimun terminal start-up to Q1 2016
    Oiltanking Singapore is now in advanced negotiations with potential lessees.
  • Platts Pre-Report Survey of Analysts' EIA Data: Refinery Runs May Boost Products Oversupply
    Analysts surveyed by Platts Monday estimate crude oil inventories declined 1.2 million barrels.
  • ANALYSIS: Rampant US refinery runs could add to product stocks oversupply
    These bearish fundamentals will likely keep the oil complex teetered on the edge of further declines.
  • Oil complex settles lower as OPEC reawakens supply glut fears
    NYMEX January crude settled $2.32 lower at $37.65/b, while ICE January Brent fell $2.27 to settle at $40.73/b.

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