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06 April 2020 The on-line newspaper devoted to the world of transports 13:45 GMT+2




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Sched Netweb site
NOVEMBER 13, 2015
  • CMA CGM and Hapag-Lloyd to raise rates from December 1
  • Beijing set to approve Cosco-China Shipping merger this year
  • Hapag-Lloyd in the blue after merger with Chile's CSAV
  • Triton and TAL merger will lead to world's largest intermodal container lessor
  • Port of Rotterdam increase tariffs by 0.5pc in 2016
  • Global Ship Lease reports Q3 loss of US$41.1 million
  • DSV's bid to buy UTi for US$1.35bn is accepted
  • Greencarrier Freight Services expands in Poland after winning wine contract
  • HK's SMEs second to Taiwan in global and regional exports: FedEx study
  • ICTSI launches MICT mobile app for cargo monitoring
  • Singapore Airlines cautious about future but H1 net profit up
  • Emirates' H1 FY2015-16 earnings surge 65pc, cargo volume up 10pc
  • Airports Authority of India to set up separate cargo entity

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International Transport Journalweb site
NOVEMBER 13, 2015
  • Successful cooperation
  • Laurels for Canada's safest carrier
  • Spotlight on needs of container forwarding specialists
  • Ship building: Saab going to Poland
  • Finnair denies negotiation rumours
  • Robeson joins Indiana ports commission
  • Investment in food logistics
  • Takeover in heavylift logistics field
  • Big, bigger, the biggest and Gothenburg
  • New look for Eva Air's 22nd triple seven
  • Report shows ballooning congestion costs
  • New deputy director for Foca
  • Expanding port railway in a big way
  • Extensions and more in Koper
  • Maiden flight for MRJ
  • Martin Bencher now in the Middle East
  • Kombiverkehr augments network
  • HHLA sees autumn leaves fall
  • Look out, look out...more thieves about

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IHS Maritimeweb site
NOVEMBER 12, 2015
  • South Korea's KMTC Line reviews fleet structure ahead of tougher times on Intra-Asia trades
    KMTC Line, Korea's third-largest container line and the country's biggest player in the Intra-Asia segment, is reviewing its fleet structure ahead of expected tougher conditions on Intra-Asia routes next year due to rising capacity and sinking demand. "We had no demand peak in the third quarter of this year and this...
  • Jiangsu New Hantong secures orders for three 74,000 dwt tankers
    China's Jiangsu New Hantong Ship Heavy Industry (Jiangsu) has secured a contract to build three 74,000 dwt Long Range 1 product tankers for Germany-based shipowner Conti Group. According to Jiangsu's corporate website, all three vessels are to build in New Hantong Shipyard and are scheduled for delivery between December 2017 and...
  • DS Torm mulls NYSE share listing
    The New York Stock Exchange. Credit: PADS Torm, the listed Danish product tanker company, said it is contemplating to list its shares on the New York Stock Exchange. It is already listed in Copenhagen. "Torm A/S announced today that it is contemplating a new structure with a potential listing on the New...
  • Viking Ocean increases Fincantieri order
    Fincantieri where Viking Ocean Cruises has placed an order. Credit: FincantieriViking Ocean Cruises has increased the number of cruse ships it has booked at Fincantieri from four to six. The latest order is for another pair of 47,800 gt sister vessels, with delivery scheduled for mid-2018 and late 2020. The two cruise...
  • Why private equity is cashing in
    Wall Street legend Bernard Baruch one said, "I made my money by selling too soon." That, in a nutshell, explains the recent flurry of tanker sales by private equity investors. For those in shipping who are more focused on 'buy low, sell high' vessel trading than on getting cargo from point...
  • Commentary: Why private equity is cashing in
    Credit: PAWall Street legend Bernard Baruch one said, "I made my money by selling too soon." That, in a nutshell, explains the recent flurry of tanker sales by private equity investors. For those in shipping who are more focused on 'buy low, sell high' vessel trading than on getting cargo from...
  • The contrast between dredging and commercial shipping
    Having just come back from CEDA Dredging Days conference - constructive, informative and a generally excellent event, thank you for asking - I was struck by the difference in attitude between the dredging sector and its bigger older sister, commercial shipping. Realisation is just dawning in shipping that yes, January 2016...
  • Commentary: Shipping interest in Northern Sea Route cools
    Russian icebreakers attempting the Northern Sea Route. Credit: PAThe Arctic Circle assembly in Reykjavik, Iceland, recently heard several country delegations argue in favour of free and safe access to the Northern Sea Route (NSR). The NSR is a navigable channel that winds its way through the Kara Sea, the Laptev...
  • Videotel's Maritime Training Programs Now Deployed on More Than 12,000 Vessels Worldwide
    November 11, 2015 - Videotel, the leading international provider of e-Learning maritime training and software solutions and a company of KVH Industries, Inc., (Nasdaq: KVHI), announced today that its training solutions are now in use on more than 12,000 vessels worldwide, with more than 300 new vessels having joined in the...
  • RCL orders feeder vessel pair
    Thai-owned Regional Container Lines has contracted Jiangsu New Yangzi shipyard to build two feeder container ships. The 1,688 teu pair will have an overall length of 172 m, the maximum length allowed to navigate the inland waters to Bangkok. Both vessels are scheduled to be delivered before the end of 2017. The Thai...
  • HMD wins LPG carrier order
    Navigator Holdings has returned to Hyundai Mipo Dockyard for a fully refrigerated LPG vessel. The New York-listed owner and operator announced the contract, with a delivery date scheduled for August 2017, after receiving a long-term charter contract for a midsize gas carrier. Navigator Gas owns and operates the world's largest fleet...
  • Offshore service provider PGS raises USD100 million from share placement
    PGS seismic vessel Nordic Explorer. Credit: PAPetroleum Geo Services (PGS), the listed Norwegian seismic services provider to the offshore oil and gas industries, said it has raised NOK919.6 million (USD104.6 million) in a private share placement. The company placed with institutional investors in Norway and abroad 21,779,999 new shares and 1,800,000...
  • Team Tankers enjoys strongest market since early 2009
    Team Tankers International, the chemical carrier group formed from restructured Eitzen Chemical, has reported the firmest market since early 2009 and a profit for 3Q15. Group net profit amounted to USD7.4 million in 3Q15 compared with a loss of USD23.7 million in the same period last year. Revenues fell to USD79...
  • Transas Simulation User Conference 2016 erases the boundaries
    More than 200 experts from all around the world will attend the global Simulation User Conference (SimUC 2016) 'Simulation and Training without boundaries', which will be hosted by Transas in Singapore on January 28, 2016. Transas SimUC is a regular international event, that gathers Transas simulators users and Transas partners to...
  • Singapore launches Arctic sea route forum
    The benefits of the Arctic Sea Route were discussed today in Singapore. Photo: Vice and VirtueSingapore has an important role to play in the development of the Arctic sea route, despite it being an Asian country far from the Arctic region. Speaking today at the Arctic Circle Singapore Forum, Teo Chee...
  • Concord Energy halts coal trades
    Concord's decision was due to plunge in coal prices. Credit: PASingapore-based Concord Energy has stopped trading coal to focus on its crude oil trading and storage businesses, IHS Fairplay has learnt. Chartering sources told IHS Fairplay that Concord Energy, which was active in fixing bulkers to transport coal cargoes, has been...
  • Shipping interest in Northern Sea Route cools
    The Arctic Circle assembly in Reykjavik, Iceland, recently heard several country delegations argue in favour of free and safe access to the Northern Sea Route (NSR). The NSR is a navigable channel that winds its way through the Kara Sea, the Laptev Sea, the East Siberian Sea, and the Chukchi...
  • Debate intensifies on private equity tanker sales
    Ridgebury CEO Bob Burke. Credit: Greg MillerIs private equity 'jumping ship' on tankers and will this exit strategy accelerate to the detriment of asset pricing? This increasingly pressing question was debated at the Marine Money forum in New York on 10 November and explored in interviews with IHS Fairplay. Connecticut-based...
  • Shipping veteran sees fundamental investor shift
    Gener8 CEO Peter Georgiopoulos. Credit: Greg Miller.The US public market for shipping companies has experienced a profound shift in its investor mix, which partially accounts for this year's very poor stock performance, according to Gener8 Maritime CEO Peter Georgiopoulos. Georgiopoulos has taken five NYSE-listed companies public: crude tanker owner General...

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The Loadstarweb site
NOVEMBER 12, 2015
  • DP-DHL third-quarter performance hit by cost of failed IT project and falling volumes
  • Former SwissWorldCargo chief Oliver Evans takes up role at drone logistics company Matternet
  • Finnair denies takeover talks with IAG, but Lufthansa and SIA link up on Euro routes
  • Low rates continue to spook investors as Hapag-Lloyd profits take a dip in Q3
  • Air Canada Cargo is tracking shipments in real time, per piece
  • Self-driving trucks will be great for truckers... for now
  • Sri Lanka scraps firm's floating armoury deals amid scandal
  • Roy Merryweather takes business development role at PD Ports

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Marine Logweb site
NOVEMBER 12, 2015
  • ACL completes acquisition of AEP River Operations
  • NTSB: El Faro bridge found, VDR still missing
  • Plans for giant Brazil ship repair yard move ahead
  • Sea Slice to go to work as wind farm support vessel
  • HHI sees Saudi Aramco MOU as a turning point
  • Dumped sludge, lied to USCG, found guilty

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World Wide Shipperweb site
NOVEMBER 12, 2015
  • Port of Coos Bay Commission taps John burns as new CEO
  • NYK teaming with Astomos for new very large gas carrier
  • International Trade Administration offering free export assistance tools
  • "K" Line joint venture company begins operations in Dubai
  • Maersk Line adding services in Far East, South East India

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Lloyd's Listweb site
NOVEMBER 12, 2015
  • Korean shipbuilding's winter of discontent
    In the wake of DSME's mammoth losses, Korea's government and state lenders apply pressure on shipbuilders
  • J. Lauritzen sees third-quarter losses widen
    Dismal demand growth and tonnage trouble will make this the reality of the market for an extended period, says Danish owner.
  • Pioneer Marine cancels three orders and delays a further five
    Orderbook revision at Chinese yard Yangzhou Guoyu frees up $34m of equity as dry downturn demands re-think
  • Seven yards join Beijing rig-building whitelist
    Whitelist's funding requirements and high technology threshold push private shipyards out
  • Diana posts third-quarter loss
    Owner misses analysts' forecast by $0.04 per share
  • Top 20 container lines braced for industry shake-up
    Mergers on the horizon as ocean carriers struggle with freight rate meltdown
  • Feeding the demons
    Feederships operators are an often overlooked but absolutely crucial part of the global supply chain
  • Scandlines seeks to scupper Denmark-Germany tunnel
    Ferry operator to challenge finance model in European Court of Justice
  • Odfjell books second successive solid quarter
    Norwegian chemtanker owner holds income at $7m despite 5.5% fall in revenue
  • NYK Line inks VLGC time charter contract with Astomos
    Japan line to have twelve very large gas carriers operating under time charter with gas supplier
  • Hyundai Heavy signs yard build and operate deal with Saudi Aramco
    New shipyard to build vessels that are no longer profitable for Korean shipyards to produce
  • Improved market conditions lifts Team Tankers' earnings
    Lower bunker prices contributed to earnings
  • Mercator requests trade suspension
    Move comes in wake of HSH Nordbank's filing for appointment of a judicial manager on Tuesday
  • Viking Ocean Cruises orders two more ships from Fincantieri
    Vessels expected to be delivered mid-2018 and end-2020
  • Jiangsu New Hantong wins three LR1 tankers
    Similar vessel type priced at $41m at a competitor yard last month
  • ICTSI launches mobile real-time container monitoring application
    App available for iOS and Android users

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The Journal of Commerceweb site
NOVEMBER 12, 2015
  • Ryder sees growing interest in natural gas trucks
    The price of diesel may be at a six-year low point, but Ryder System sees continued interest in natural gas vehicles. Several customers, ranging from a dedicated trucking operator to a food service redistributor, have ordered natural gas-powered vehicles from Ryder recently. Many of those companies are putting single trucks into...
  • JOC economist cuts U.S. import growth forecast
    Swollen inventories and sluggish global growth have led JOC Senior Economist Mario O. Moreno to cut his forecast for U.S. containerized imports this year to 5.4 percent from his previous forecast of 6.6 percent. Moreno also trimmed his import growth forecast for 2016 to 5.5 percent from 7 percent. The lowered...
  • Searchers find El Faro's bridge, continue search for recorder
    The USNS Apache, which located the wreckage of the El Faro.U.S. Navy searchers have located the navigation bridge of the cargo ship El Faro, which sank Oct. 1 with the loss of its 33-member crew, and are continuing to search for the ship's voyage data recorder. The National Transportation Safety Board...
  • Port of Virginia posts record month for containers
    The Port of Virginia handled 233,466 twenty-foot-equivalent units of full and empty containers in October, making it the port's single busiest month ever and the eighth straight with volume above 200,000 TEUs. The port's previous single-month record for TEUs was set in May with 230,511 TEUs handled, the Virginia Port Authority...
  • LA imports dip in October
    Containerized imports in Los Angeles declined 3.3 percent in October compared to October 2014, following a trend that saw West Coast ports losing some market share last month while East Coast ports gained. The largest U.S. container port in October also reported a decline in exports of 14.7 percent, with total...
  • JOC Inland 2015 Sponsor: Mallory Alexander International Logistics
    Neely Mallory, president, Mallory Alexander International Logistics, discusses preparations for the expanded Panama Canal, regulation, and the company's push into China with Alessandra Barrett, senior content director, JOC, at the JOC Inland Distribution Conference in Memphis, Tennessee, in October. ...
  • C.H. Robinson names new president of North America surface transport
    C.H Robinson Worldwide, the largest U.S. non-asset third-party logistics provider, has appointed Robert Biesterfeld, a long-time employee, as president of North American Surface Transportation. Biesterfeld, currently serving as vice president, Truckload, has spent the last 16 years with C.H. Robinson, working variously as vice president of Sourcing and Temperature Controlled Transportation, genera
  • South Korea carrier reviews fleet structure ahead intra-Asia turbulence
    Credit: Christian JunkerKMTC Line, South Korea's third-largest container line and the country's biggest player in the intra-Asia segment, is reviewing its fleet structure ahead of expected tougher conditions on intra-Asia routes next year due to rising capacity and sinking demand. "We had no demand peak in the third quarter of this...
  • HHLA profit, revenue decline on double-digit container drop
    HHLA HamburgHHLA's profit and revenue declined in the first nine months of the year as Hamburg's biggest stevedore suffered a double-digit slump in container volumes. Earnings before interest and tax shrank 5.6 percent to 123.9 million euros ($133.8 million) from 131.3 million euros a year earlier and revenue contracted 4.2 percent...
  • Panama transshipment boom from expanded canal unlikely, port analyst says
    Manzanillo International Terminal, Panama.Widespread predictions that an expanded Panama Canal will set off a boom in Panamanian transshipments are unlikely to pan out, according to port analyst Asaf Ashar. "The assumption is that as ship sizes grow dramatically, the incidence of transshipment also will grow dramatically. This is not happening," said...

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TradeWindsweb site
NOVEMBER 12, 2015
  • Judge approves GMI settlement with HTM
    Seven charter cancellations approved as bulker operator seeks to wind down operations.
  • ING said to have sold collapsed OW's loan
    Dutch bank also offloads claims against shipowners as OW's German arm files for Chapter 15.
  • BW Pacific IPO in trouble ahead of pricing
    Owner's effort to raise $250m in Oslo listing won't happen within target range and may not sell at all.
  • Seacor OSV seafarer lodges $2m lawsuit
    Dalton Young sues US owner and others over injuries suffered while working on Clay Ella.
  • Bulker blues continue to hurt J Lauritzen
    Danish owner takes 2015 running loss to $160m following red ink in the third quarter.
  • Pioneer chops and delays newbuildings
    Pankaj Khanna fronted owner makes major changes to orderbook at Yangzhou Guoyu Shipyard.
  • DBB banks $107m
    Danish offshore owner sells four-year bonds to refinance existing debt.
  • NAT gets more NAO
    Suezmax owner shows confidence in offshore spin-off with $9.5m pact.
  • HSH sells $538m of bonds
    Restructuring German lender raises more cash as it boosts finances after EU deal.
  • Finnlines in best ever quarter
    Emanuele Grimaldi sees operational strategy bear fruit as ferry company posts strong result.
  • TNG wins best rate yet
    Croatian owner's new SPP-built MR tanker fixed for a year at $19,300 per day.
  • Diana Shipping loss deeper than forecast
    Shipowner slips below third quarter forecasts but its cash pile is bigger than a year ago.
  • Scandlines calls for Fehmarn rethink
    Ferry owner wants long-term funding for Germany-Denmark tunnel to be reconsidered.
  • Sewol captain's term upheld
    South Korea's supreme court backs life sentence for Lee Joon-seok after tragic ferry sinking.
  • Scandlines calls for rethink
    Ferry owner wants long-term funding for Germany-Denmark tunnel to be reconsidered.
  • Rem Offshore turns red in third quarter
    Norwegian offshore owner books quarterly loss as revenue falls in poor market.
  • Viking can't avoid the offshore slump
    Oslo-listed owner posts loss in Q3 due to impairment charge from its PSV fleet and weak rates.
  • RCL records a loss for third quarter
    Bangkok-listed boxship owner posts modest quarterly loss but remains in the black this year.
  • Box slip proves costly
    Liner agent fined $300,000 after sending nine containers to Oakland instead of Seattle.
  • General cargoship engulfed by fire
    Crew evacuated as firefighters tackle blaze on Chinese vessel in Japan.
  • Nolan puts price on Navigator newbuild
    Management offers wide price window for latest gas carrier while Stifel analyst has a firm figure.
  • F Laeisz takes ICBC cash
    Chinese lender provides $65m in export credit to German owner for ro-ro upgrades.
  • Cosco Corp turns red
    Singapore-listed shipbuilder posts a loss in Q3 as its shares remain suspended ahead of "complex" merger.
  • ICG ups earnings
    Irish ferry and boxship owner logs better Q3 profit as fuel costs drop and revenue rises.
  • Private equity shifts to secondary loan market
    UBS analyst says loans and not steel are now the purchase of choice for private equity investors.
  • Where is the private-equity money?
    UBS analyst Spiro Dounis concludes that hedge funds are still investing in shipping, but not on the equity side.
  • Tallink on the rise
    Estonian ferry owner carries more passengers during summer; pushes up Q3 revenue and profit.
  • Paragon switches listing
    Greek owner cleared to move to Nasdaq Capital Market after struggling with $1 price requirement.
  • Bharati loss widens
    Indian shipbuilder racks up deficit of $33m in its second quarter.
  • Odfjell's gas ambitions checked for now
    Chemical tanker owner back in profit in Q3, but is in talks with Chinese yard over eight "significantly delayed" new LPG ships.
  • PGS raises $107m
    Norwegian survey ship owner sells new shares to boost its balance sheet.
  • BTS buys Ardmore pair
    Singaporean based tanker operator in the small and intermediate segments expands fleet.
  • Pacific Radiance profit wiped out Q3
    Pang Yoke Min-led company latest casualty in the battle to survive offshore industry collapse.
  • Epic shrinks Q3 loss
    Improved charter rates and cost cutting help to push LPG specialist almost into the black.
  • DSME told to halt work
    Korean yard reportedly told to stop construction on VLGCs until safety can be guaranteed.
  • Qube joins battle for Asciano
    Aussie port group's former top executive returns with takeover bid in battle with private equity fund.
  • Hoegh LNG Partners to restate earnings
    New York-listed FSRU owner says financials should not be relied upon after tax review.

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American Shipperweb site
NOVEMBER 12, 2015
  • Maersk Container Industry opens Chile reefer factory
  • Heathrow export values increase despite falling throughput
  • DHL Group net profits plummet nearly 90% in Q3
  • FWI: U.S. cargo theft value up despite decrease in volume
  • K + N gains two new customers at Dubai aerospace hub
  • Survey: Retailers unprepared to handle holiday shipping
  • Panama port project draws strong interest from potential operators
  • Mallory Alexander granted greater operating authority in China

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The Bunker Bulletinweb site
NOVEMBER 12, 2015
  • Gibraltar eyes role in global LNG bunkering network
    Port CEO highlights its strategic location to become a hub for the cleaner fuel.
  • Uptake of better fuel specs still slow
    WFS sees about 30% of bunkers sold to latest ISO 8217 specs, big variations reported by fuel testing agencies.
  • Fuel oil stocks climb in Singapore
    Stocks have been holding above 25 million barrels since mid-July.
  • US DATA: Residual fuel oil stocks highest since 2010
    Despite a significant increase in demand.
  • Onshore oil storage 'approaching capacity'
    'The volume of crude oil and fuel oil held on tankers has soared.'
  • Positive quarterly results keep Finnlines on track
    Fuel-efficiency paying off, says president.
  • New 'hybrid' ECA fuels given good reviews
    Fuel testing agencies report good fuel characteristics and positive user feedback.
  • Charters use lower bunker prices to keep rates in check
    Chemical tanker operators under pressure.
  • Bigger profits for tanker company
    Performance supported by lower bunker prices.
  • Mercator Lines: Interim manager application dismissed
    Move by HSH fails to convince Singapore court.
  • Koh Leong Teck joins Mabanaft
    Koh has regional trading manager for fuel oil.
  • Bomin hires credit specialist
    As company focuses on growth in key territories.
  • Panama bunker sales volume up
    Port recorded total sales of 305,761 mt for September.
  • Another bunker supplier added to ferry's creditor list
    US company owed a total of $297,000 in unpaid fuel bills.
  • New Director at Titan Petrochemicals
    Hu Hongwei has 'extensive experience' in the legal sector, says company.
  • VPS: Improper sampling control at international ports
    Lapses can pose 'significant commercial risk' in the event of dispute, says CEO.
  • Relevant expertise lined up for IMO's availability study
    Teams with expertise in both demand and supply side will assess whether there is sufficient supply of 0.50% sulphur fuel.
  • Platts Pre-Report Survey of Analysts' EIA Data
    Suggests a 500,000-barrel draw in US oil stocks.




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