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06 April 2020 The on-line newspaper devoted to the world of transports 12:32 GMT+2




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Sched Netweb site
NOVEMBER 10, 2015
  • NOL in 'preliminary' talks with Maersk and CMA CGM over possible takeover
  • M&A activity looks set to remain strong in logistics sector: report
  • Chinese-built port terminal in Colombo converting Sri Lanka into major shipping hub
  • India's Kakinada Container Terminal (KCT) open for Colombo and Singapore feeder services
  • Hanjin Shipping's Q3 profit surges 54pc on lower revenue
  • APMT to form JV with Qingdao Port Group for new APM Terminals Vado in Italy
  • Sohar Port's Q3 box volume soars 53pc
  • New super post-Panamax STS crane begins operations at Houston port
  • Wal-Mart seeks permission to test drones for deliveries and pickups
  • ATSG's Q3 revenue up 3pc to US$142.3m
  • Wet leasing still an option for airlines
  • Ethiopian Airlines wins 'Rising Star Carrier of the Year Award'

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Exim Indiaweb site
NOVEMBER 9, 2015
  • Bahri organises get-together in Mumbai to mark visit of key management representatives
  • CMA CGM to improve service between East Africa & Europe by upgrading NOURA EXPRESS service
  • HANSA HEAVY LIFT transports three tugboats to Malaysia
  • Kerry Logistics appoints new Managing Director for Europe
  • Liberia launches enhanced web-based liability certificate facility
  • Maersk Line marginally grows volumes in Q3
  • NOL confirms preliminary talks on potential acquisition
  • SCFI spot rates down after major high
  • Centre may levy anti-dumping duty on dry battery imports from China, Vietnam
  • JSW Jaigarh Port handles first container vessel
  • Kakinada Container Terminal launched
  • GatewayRail, in association with NYK India & APMT Pipavav, commences weekly dedicated train service between Pipavav and ICD-Faridabad (Piyala)/ICD-Garhi Harsaru
  • Rail freight productivity in Q1 falls for first time since 2010
  • CommMin to depute officials to Russia to find ways to ship dairy products
  • Core sector grows by 3.2 pc in Sept.

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International Transport Journalweb site
NOVEMBER 10, 2015
  • Major investment in truck telematics
  • Integrator names new CH country manager
  • EIB aiding transport projects in Slovakia
  • "Round" birthday in Hungary
  • Setting up in Odessa
  • Jetblue axes cargo operations
  • Going green in Chicago
  • New cooperation partner for ITX Cargo
  • Ethiopian switches from Brussels to Maastricht
  • Water levels sinking, volumes rising
  • Correale to dredge in Baltimore
  • Class a licensing in China
  • Collaboration enhances intermodal offers in Europe
  • UAE flag carrier converts option to order
  • GAC adds support for ME oil and gas business
  • From Mersin-Ashdod to Alexandria
  • IRU's top slot allocated

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IHS Maritimeweb site
NOVEMBER 9, 2015
  • Bulkers most affected by Panama Canal delays
    AIS data shows vessels waiting at both entrances to the Panama CanalConcerns have been raised over the past couple of weeks about increasing waiting periods for vessels wishing to transit the Panama Canal. Various theories and explanations have been put forward to account for the situation, including adverse weather, routine maintenance...
  • China maritime trade to be 'hot topic' at this year's Marintec
    China's One Belt, One Road trade strategy is creating intense interest among the shipping and land transport sectors and will be one of the hot topics under discussion at the Marintec China 2015 Senior Maritime Forum that will be held during the giant Shanghai trade fair in December.The Forum will...
  • China maritime trade to be 'hot topic' at this year's Marintec
    Marintec will be held in December. Credit: UBM ChinaChina's One Belt, One Road trade strategy is creating intense interest among the shipping and land transport sectors and will be one of the hot topics under discussion at the Marintec China 2015 Senior Maritime Forum that will be held during the...
  • Viking Supply Ships exit containers, ship management
    A Viking Supply Ships vessel. Credit: Geir VinnesViking Supply Ships, the listed Swedish offshore services and industrial shipping group, says its subsidiary company TransAtlantic has reached an agreement to divest its container vessel operation to X-Press Feeders and, in a separate transaction, to divest ship management operations to AtoB@C-shipping. "The container...
  • Longer steaming distances adds one percentage point to product tanker demand
    A product tanker underway. Credit: FotofliteThe continuing trend towards longer steaming distances will add one percentage point to the demand of product tankers, shipping analysts at DNB Markets in Oslo said. "Structural increase in long-haul trade adds about one percentage point to transportation demand. During the past 10 years the share...
  • Demand growth seen to exceed supply growth in 2016 container trades
    2015 is set to be the trough of the container market. Credit: PAGrowth in the supply of container shipping capacity should slow down next year, shipping analysts at DNB Markets told IHS Fairplay. At the same time, growth in the demand for capacity is expected to accelerate above the supply growth. "2015e...
  • Hanjin Shipping to dispose of Busan terminal
    Hanjin to sell its remaining stake in Busan terminal at the end of November. Credit Dietmar HasenpuschSouth Korean carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity. In June 2013, cash-strapped Hanjin sold half its stake in Hanjin Newport, which...
  • South Korea denies 'coersion' behind Hanjin-HMM merger talk
    HMM denied receiving any request to merge with its bigger compatriot. Credit: Southern Cross Maritime South Korea's Ministry of Oceans and Fisheries has clarified its position regarding ongoing speculation on a possible merger between Hanjin Shipping and Hyundai Merchant Marine (HMM), the country's two biggest shipping companies. In a press statement released...
  • MISC idles three LNG carriers as DSME expects loss from first Yamal LNG ship
    Aman Bintulu has been idle since 13 November 2014, reveals IHS data. Credit Malte SchwarzMalaysian carrier MISC has laid up three LNG carriers as its major shareholder, national oil company PETRONAS, was affected by the drop in gas prices. During a briefing with analysts after announcing USD119.4 million for 3Q15, up...
  • Sinwa's profit up 112% on higher sales
    Singapore-listed offshore equipment supplier Sinwa posted a profit of SGD2.9 million (USD2.0 million), up 112% year on year (y/y) for the third quarter ended 30 September 2015, due to higher revenue recognition. The company's revenue increased by 13.2% y/y to SGD45 million in the third quarter of 2015, because of higher...
  • NOL holds talks with CMA CGM and Maersk over potential sale
    Singapore-listed shipping company Neptune Orient Lines (NOL) is in talks with shipping giants France's CMA CGM and Denmark's AP Moller-Maersk (Maersk) over potential acquisition deal. NOL stated in its filing to the Singapore Stock Exchange (SGX) that the discussions are "preliminary", with no firm assurance of reaching a definitive agreement on...

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The Loadstarweb site
NOVEMBER 9, 2015
  • The UN has up to $1bn to spend on logistics, and is looking for more cargo partners
  • Recommends / Possible buyer emerges for TNT Express airline activities
  • Maersk Group CEO decrees container line must make $150m profit in final quarter
  • XPO Logistics acquisition phase ends - now we focus on profits, says CEO
  • Chinese government cuts box line surcharges to help exporters
  • Dubai's Emirates Group posts 65% jump in H1 net profits
  • The new-look Loadstar: same high quality, improved response and appearance

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Marine Logweb site
NOVEMBER 9, 2015
  • DESMI Ocean Guard BWTS picked for Maersk newbuilds
  • TOTE pushes back Orca Class LNG conversions
  • Chouest said to have canceled Arctic AHTS duo
  • LNG bunker/feeder vessel will be Wartsila powered
  • Box giant NOL confirms that it is in acquisition talks

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World Wide Shipperweb site
NOVEMBER 9, 2015
  • Port of Bellingham draft budget available for public review
  • Port Hueneme nets TIGER funds for intermodal improvement project
  • Crowley honors Kyra Roca with Thomas Crowley Award
  • Maersk Line releases numbers for third quarter of 2015
  • Alaska Airlines expanding with several new routes

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Lloyd's Listweb site
NOVEMBER 9, 2015
  • Pacific Drilling third-quarter earnings show $7m dip
    Market for offshore drilling remains very challenging in the near future with few new contracts expected
  • Impairments bring deep losses at GulfMark
    Operating loss exacerbated by significant asset impairments
  • Søren Skou stays quiet on NOL interest
    Update: Maersk Line chief executive says strategy remains focused on organic growth
  • CP Ships' Ray Miles dies at 71
    Industry veteran was force behind CP Ships' emergence as a top container player and presided over its merger with Hapag-Lloyd
  • RCL orders two newbuildings
    Bangkok-max ships scheduled for delivery in late 2017 from Jiangsu New Yangzi Shipbuilding
  • NAO shuns lay-ups and falls to a loss
    PSVs remain in the market but return $2.3m operating loss
  • Singapore implements new safety measures for power-driven, harbour and pleasure craft
    Move will enhance navigational safety in Singapore's waters
  • President Obama rejects Keystone XL Pipeline
    Pipeline would have transported 830,000 bpd to US Gulf Coast and Midwest refineries
  • Port of Felixstowe opens new mega boxship extension
    Three new ship-to-shore gantry cranes purchased to handle increased capacity
  • Shipping industry must brace for churn in global LNG trade
    Low LNG prices in Asia have affected projected industry trade flows
  • NOL sale may face rough waters
    CMA CGM seen as a better fit than Maersk; NOL shares rise on news of potential buyers
  • Moody's raises BW Group corporate family rating to Ba1 from Ba2
    BW Group's debt servicing requirements easily met by fully owned fleet
  • Goldenport Holdings sells six-year-old supramax for $9.3m
    Vessel delivered to new owners on November 5
  • Cosco chairman defends liner service surcharges
    Box shipping freight rates too low to reflect value of service provided
  • Cosco and China Shipping merger could get Beijing approval year end
    Formal consolidation announcement expected early-2016
  • Aegean Marine Petroleum secures financing for Fujairah oil terminal
    Loan proceeds used to repay $45.2m outstanding debt on 2013 credit facility
  • Swiss Shipping Line and Africa Car Carrier form US ro-ro joint venture
    First sailing will be in November on the Swallow Ace

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The Journal of Commerceweb site
NOVEMBER 9, 2015
  • Reports: CP eying NS acquisition
    Canadian Pacific Railway is reportedly gearing up to make a play for Norfolk Southern Railway in a new effort to consolidate the North American rail industry just 13 months after a similar bid for NS archrival, CSX Transportation, fell flat. Bloomberg and the Financial Times reported Monday that CP had hired...
  • West Africa set to build at least six 1 million plus TEU ports over next decade
    An artist's rendering of the Lekki, Nigeria, deep-sea port.Growing competition between shipping lines in Europe and China to develop new logistics hubs in West Africa and serve growing container traffic in the region is expected to bring at least six ports with capacities of 1 million 20-foot-equivalent units or more...
  • NOL acquisition would boost Maersk or CMA CGM's trans-Pacific presence
    Acquiring Neptune Orient Lines would enable either Maersk Line or CMA CGM to strengthen their trans-Pacific business and mitigate each's weakness in the Asia-Europe trade lane, according to a shipping analyst. NOL, the parent company of APL, confirmed Saturday via a Singapore Stock Exchange filing that it is in preliminary merger...
  • BNSF net income jumps on stronger intermodal growth
    BNSF Railway's intermodal volume growth accelerated in the third quarter as the western railroad said strong service and normalizing trade patterns bumped up volume and in turn helped boost net income and revenue. Net income was up 11.7 percent year-over-year in the third quarter, hitting $1.16 billion, according to the Fort...
  • Surface Transportation Board staff to hold informal meetings on reporting rail service performance data
    The Surface Transportation Board announced today that its staff will hold informal meetings with stakeholders between November 16, 2015 and December 7, 2015, on proposed rules for reporting railroad service performance data in the pending proceedingUnited States Rail Service Issues, EP 724. The meetings will enable the STB to better assess what types of...
  • Mallory Alexander expands operations in China
    Port of Shenzhen, China. Mallory Alexander International Logistics is expanding in China, both through new authority from the Chinese government and a partnership with trucking firm Old Dominion Freight Line. China granted the third-party logistics company a Class A forwarder's license for operations based in Shanghai. The license gives the company much...
  • Hanjin pulls stake in Busan terminal
    South Korea carrier Hanjin Shipping has offloaded its stake in its Busan terminal operations as it continues with efforts to bolster liquidity. The move is the latest effort by the company to raise capitalize to survive rock bottom freight rates and comes amid conflicting reports that a merger between Hanjin and...
  • Consulting firm exit raises Nicaragua Canal feasibility questions
    Lake Nicaragua, which will be a major portion of the canal.Nicaragua's government has long claimed that an economic feasibility study by blue-chip U.S. consultancy McKinsey & Co. is crucial to enticing Western investors to its $40 to $50 billion canal project. However, it has been confirmed that McKinsey has not...
  • US trucking hiring rate slows as freight demand falters
    The push to hire more truck drivers stalled early this fall, with headcounts at for-hire trucking companies last month remaining flat from September and rising 2 percent year-over-year. With shippers and transportation analysts reporting "adequate" and even excess capacity in U.S. trucking markets, efforts to expand trucking company payrolls may stay...
  • VIDEO: US industrial real estate challenged to meet e-commerce demand
    Adam Roth, director, NAI Global Logistics, explains how the industrial real estate industry is working to create more capacity for growing e-commerce demand. He shared his insight with Alessandra Barrett, senior content director, JOC, at the JOC Inland Distribution Conference in Memphis, Tennessee, in September. Other highlights of JOC.com's coverage from...
  • New container service signals Sendai-Shiogama's recovery from disaster
    In the latest sign of its recovery from 2011's earthquake and tsunami, the Port of Sendai-Shiogama in northeast Japan has begun a new regular container service to the Port of Vladivostok in Russia's Far East. The new bi-weekly service is the first to directly link Sendai-Shiogama to Russia and also covers...

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TradeWindsweb site
NOVEMBER 9, 2015
  • Safe Bulkers hit with Daiichi charter axe
    New York-listed bulker owner also sees quarterly loss swell below analyst expectations.
  • Sherriff backs Royal Caribbean jump claim
    Crew accused of taunting passenger before he fell overboard, but authorities say evidence shows he jumped.
  • Royal Caribbean on thin ice with lawsuit?
    Case claims Studio B ice skating show had no warning that floor involved actual ice.
  • GulfMark reports wide third-quarter loss
    The offshore supply vessel firm said rates and utilisation to fall more during fourth-quarter.
  • Teekay loses BHP deal
    Miner hands Port Hedland tug deal to Australia's Rivtow after tender.
  • Dynagas ups Q3 result
    US-listed LNGC partnership boosted by average daily rate rise of $2,000 per day.
  • Glovis wins $1.2bn in car carrier contracts
    Vehicle carrier company seals car transport deals with Hyundai Motor and Kia.
  • Torm sells tanker duo
    Oaktree Capital-backed owner said to have sold a pair of MR tankers.
  • Merger confusion hits South Korean owners
    HMM and Hanjin shares drop as conflicting reports emerge of potential tie-up.
  • Teekay loses BHP contract
    Miner hands Port Hedland tug deal to Australia's Rivtow after tender.
  • Eidesvik Offshore in PSV contract dispute
    Oslo-listed owner and Leiv Erisson Consortium clash after two vessels are handed back.
  • DSD could appeal aframax verdict
    Norwegian owner cleared in US of using magic pipe but convicted of waste dumping, false log entries.
  • Dynagas ups Q3 earnings
    US-listed LNGC partnership boosted by average daily rate rise of $2,000 per day.
  • TMA absorbs Milestone pool
    MOL's chemical tanker division acquires all shares in former joint venture with Norway's Jo Tankers.
  • OSG sees third quarter profit multiply
    Tanker owner rides strong market and gets a little help from the tax man on its way to higher profit.
  • Glovis wins $1.2bn contracts
    Vehicle carrier company seals car transport deals with Hyundai Motor and Kia.
  • AET locks in VLCC on two year time charter
    Malaysian owner pulls tanker from the spot market for time charter with Valero.
  • More AHTS pain ahead
    Broker Westshore says likely rig lay-ups in 2016 mean little hope of North Sea improvement.
  • Downturn no barrier to growth for NAO
    Herbjorn Hansson backed offshore owner wants to expand at a difficult time for PSV market.
  • Sado makes more
    Japanese owner turns a profit for the first nine months of 2015 but still lowers full year forecast.
  • Torm in twin tanker sale
    Oaktree Capital-backed owner said to have sold a pair of MR tankers.
  • Toei Reefer profit dips
    Japanese owner misses six-month earnings target as revenue falls.
  • Torm in double sale
    Oaktree Capital-backed owner said to have sold a pair of MR tankers.
  • Svitzer prospers in third quarter
    Danish tug and salvage group pushes up earnings, but concerns remain over shipping markets.
  • Merger confusion hits Koreans
    HMM and Hanjin shares drop as conflicting reports emerge of potential tie-up.
  • Platten: "Regulate where necessary"
    UK Chamber of Shipping is calling for reforms of European Union's shipping policy.
  • What does 'smart money' selldown say?
    Apollo, Linavos and Greenbriar cashing out of tanker investments is a sign of the times, analyst says.
  • Viking Supply Ships in double asset sale
    Christen Sveaas-controlled shipowner has offloaded its container and shipmanagement arms.
  • ABG loss grows
    Indian shipbuilder's deficit widens in Q2 as revenue dwindles.
  • Russia in yard invite
    Government wants MES, Sumitomo and Kawasaki to participate in new Zvezda project.
  • Bumi boosted by merger rumour
    Malaysian owner's stock soars as it is linked to FPSO tie-up with MISC.
  • Costamare delays MLP listing plans
    US-listed containership leasing company blames "market conditions" for postponement.
  • Apollo sells Teekay Tankers stake
    Euronav's Peter Livanos isn't the only major investor selling a sizeable chunk of tanker stocks.
  • Costamare withdraws MLP listing plans
    US-listed containership leasing company blames "market conditions" for IPO withdrawl.
  • Moody's upgrades BW
    Ratings agency likes Singapore tanker and gas shipowner's improved cash flows and liquidity profile.
  • Goldenport offloads modern bulker
    London-listed Greek shipowner confirms sale of one of two former jointly-owned supramaxes.

news on subscription
American Shipperweb site
NOVEMBER 9, 2015
  • Panama Canal wait times up after September maintenance
  • Report: U.S. ahead in GTM, compliance process automation

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The Bunker Bulletinweb site
NOVEMBER 9, 2015
  • Fresh legal action emerges in Kirby spill case
    Case to be heard next year.
  • Res Cogitans: Cartesian dualism and what it means for the bunker industry?
    A decision from the London High Courts has seen the trader's role rocked to its core.
  • Cheaper bunkers add to tanker freight rate speculation
    As strong demand pushes up the cost of hiring a ship.
  • Panama bunker market on track for substantial growth
    Sales seen up 20-25% in 2015, with opportunities for further growth in 2016 due to Canal expansion.
  • Mexico's bunker market 'to grow exponentially'
    Regulatory reforms will allow independent operators to import product and offer more competitive prices.
  • LNG bunker tanker to get Wartsila engine
    Main engine is a 34 dual-fuel unit.
  • Adani outlines expansion strategy
    'We will leverage the synergy with Adani owned ports.'
  • Minister: Hambantota suffers from $19.9 million loss
    Interest of $600,000 paid from untimely bunker cargo purchase, says Arjuna Ranatunga.
  • IBIA: Fuel quality an issue a Cancun convention
    Vessels still receiving poor quality fuel, says chairman.
  • IBIA: Mexico convention highlights several industry issues
    Vessels still receiving poor fuel quality, says Chairman.




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