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05 April 2020 The on-line newspaper devoted to the world of transports 15:33 GMT+2

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Sched Netweb site
JUNE 16, 2015
  • Singapore container volumes fall 10.9pc in May to 2.62 million TEU
  • MOL to increase Asia-southern Africa rate US$200/TEU from July 1
  • Mega ships cut unit costs, offset sinking rates, but bunker now rising
  • War risk: ISIS takes Libyan town, negotiates for control of oil base
  • Egypt to inaugurate Suez expansion August 6, but unsure when it opens
  • Hong Kong's FPS founder Benny Ling steps down for health reasons
  • Hong Kong's Kerry Logistics opens new office in Portugal
  • Malta docks its biggest ship ever - 17,722-TEU CMA CGM Kerguelen
  • Ruscon box trade grows 13pc despite 20pc Russian import slump
  • EPA accelerates pressure on airlines to reduce carbon emissions
  • Pro-Heathrow truckers dismayed at Davies Commission decision delay
  • Boeing: 4.7pc annual air cargo growth until 2034 calls for 920 new planes

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Exim Indiaweb site
JUNE 15, 2015
  • APM Terminals to upgrade Ghana's Tema port
  • CEVA announces new guaranteed weekly LCL service from Antwerp to New York
  • DNV GL Group appoints Knut Ørbeck-Nilssen as CEO of maritime biz
  • First New Horizon vessel named Höegh Target
  • G6 Alliance announces Asia-North America service enhancements
  • Hybrid propulsion & connectivity seen as emerging trends in shipping
  • Hyundai terminal at Busan Port gets productivity award
  • IRClass Rules for Indian naval combatant ships released by Chief of Naval Staff
  • Russian project cargo exports seeing increasing volumes
  • SCFI spot rates fall
  • Seven Seas Global Express relocates to advanced office in Chennai
  • Oilmeal exports halve to 83,221 t in May
  • Increased movement of boxes by road hits rail movement at Chennai Port
  • GST to help cos cut logistics cost: Crisil
  • CAI reduces cotton crop estimate to 382.75 lakh bales for 2014-15
  • INR suffers further losses against dollar
  • Odisha allows SEZ developers to sub-let leased land
  • Shantanu Bhadkamkar is the new President of MACCIA

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International Transport Journalweb site
JUNE 16, 2015
  • Temporarily grinding to a halt Forwarding & Logistics
  • Keeping an eye on the big picture Shipping
  • Growth in Western Europe, Asia and Middle East
  • A decade in Dubai
  • Rickmers (Japan) named GA for Nordana
  • Kane Is Able with new VP operations
  • Strzelecki track upgrade completed
  • Flyus representing AA Cargo in Poland and Hungary
  • Minimum wage to apply for cabotage in Norway?
  • More top notch appointments at DNV GL
  • New locomotive technology cuts fuel costs
  • Mahan Air steps up Istanbul and China operations
  • Progress in Bronka
  • Eva Airways intends to order five B777Fs
  • Singapore scores maritime pole position
  • Richard Cronk to head logistics operations
  • AlbatrosExpress now running to Burghausen
  • A helter-skelter ride down

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IHS Maritimeweb site
JUNE 15, 2015
  • Gener8 sets IPO target price
    Peter Georgiopoulos-led Gener8 hopes to net USD246 million from its initial public offering, according to a new securities filing. On 15 June, the tanker owner disclosed plans to sell 15 million shares for USD17-19/share, with 2.25 million additional shares available through the underwriter option.
  • US LNG exports spur orders
    Teekay LNG Partners has ordered two newbuilds after sealing a charter agreement with BP for US export service. BP Shipping will charter one LNG carrier from Teekay for 13 years and has an option for a second vessel under similar terms, exercisable by 30 September. BP will use the vessel or vessels
  • Carnival orders four LNG-powered ships for AIDA at Meyer's yards
    Carnival Corporation & plc, the Anglo-American cruise shipping giant, says it has placed an order for four 180,000 gt LNG-powered cruise liners, for its AIDA Cruises unit in Germany. Two of the ships will be built at Meyer Turku in Finland and the other two at Meyer Werft in Papenburg in Germany.
  • Shrinking small capacity box fleet could trigger new orders
    Although the overall capacity of the container shipping fleet is growing, the capacity of the 1,000 teu to 3,000 teu of fleet has declined, which could trigger newbuilding orders in the sector, a senior shipping analyst said. "Since 2009 the size of the fleets of container ships between 1,000 teu
  • Danish Ship Finance mulls IPO
    Danish Ship Finance has launched a strategic review that may lead to an IPO, the bank's chairman said in a statement. Also known as Danmarks Skibskredit as the Copenhagen based shipping bank in Danish, "Danmarks Skibskredit has now initiated a strategic review of multiple possibilities which can
  • Ship Finance acquires three container ships on stocks
    Ship Finance International Limited, the listed tonnage provider in John Fredriksen's businesss empire, said it had acquired three 9,000 teu capacity container ships that are under construction from an unrelated third party. "The vessels are currently under construction and are expected to be
  • Boxship charter market past the peak?
    Average charter rates for tramp container vessels are starting to see greater downward pressure as fixing activity slows down, according to shipbrokers. The ConTex, published by the Hamburg Shipbrokers and Ship Agents' Association VHSS, closed last week with a marginal 0.2% loss at 567 points.
  • Outlook uncertain for Doosan Engine
    Uncertainties linger for South Korea's Doosan Engine as its shipbuilding customers see orders declining year-on-year, according to a shipping analyst. After visiting the company, Samsung Securities analyst Youngsoo Han said the company's earnings and orders "are both likely to improve
  • Viking Line ponders Sweden switch if subsidy cut
    Viking Line (VL) could move its base from the Åland archipelago inside Finland's border to Sweden if the new right-wing government coalition in Helsinki proceeds with a planned EUR20 million subsidy cut for passenger ships, Finnish national daily Helsingin Sanomat (HS) has reported. Jan Hanses,
  • 'Key' Yangtze River hub to launch in September
    Shulanghu ore transit terminal, co-constructed by Ningbo and Zhoushan ports, is expected to be launched for a trial run in September. The terminal is designed to handle 400,000 dwt bulk carriers, and is poised to become a key transport hub in the Yangtze River Delta. Currently, the first phase of
  • 'Brutal competition' drives May box rates lower
    Spot freight rates in container trades set a new low in May for a second consecutive month as "brutal competition" plagues the market, a senior shipping analyst said. Spot rates in the sector fell by 2% in May from the previous month and general rate increases the industry had introduced in
  • Chinese tug fire kills two, injures one
    Two workers died while another was injured when a fire broke out on a tug under construction at Bengbu Shenzhou Machinery (formerly known as Bengbu Shipyard) in Anhui Province, China, on 11 June. The accident took place at 17:20 h local time when dozens of workers were working in the cabin. Local
  • Harim moves towards Pan Ocean takeover
    South Korean poultry processor Harim Group is closer to acquiring compatriot bulker operator Pan Ocean. Seoul Central District Court announced on 12 June that a rehabilitation plan has been passed as 87% of Pan Ocean's creditors' committee and 61.1% of the company's stakeholders agreed to it.
  • Ghana government allows PSC on vessels
    The Ghanaian government has granted a British private security company (PSC) the licence to have armed guards on board vessels. From the end of June 2015, Watchwood Resources Ltd (WRL) will be able to accompany armed Ghana Marine Police aboard commercial vessels within Ghana's Exclusive Economic
  • Austrlia sidesteps questions on people smuggling payment claims
    The Australian prime minister and his ministers are refusing to deny claims that authorities paid Indonesian crew USD5,000 each on a people smuggling operation to turn back. Prime Minister Tony Abbott has gone on record, saying he would stop the boats "by hook or by crook". He has refused to
  • Missing tanker found after losing contact for three days
    A Malaysia-flagged LPG tanker has resumed communications with its shipowner after it was thought to be missing on 10 June. The 4,200 gt tanker, Teknogas, owned by Silverline Maritime told IHS Maritime that it was "human error" that lead to the technical mistakes in issuing the distress signal at
  • Ezra clinches over $115m in series of contracts
    Singapore-listed offshore services provider Ezra Holdings has won a streak of global subsea contracts worth over USD115 million. Part of the contract wins came from working with the UK-based offshore company, Apache, operating in the North Sea, which "proves" Ezra's consolidated position in that

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The Loadstarweb site
JUNE 15, 2015
  • Spending boom highlights e-commerce challenges and opportunities in Asia
  • When supply chains go pear-shaped: Goodyear Dunlop calls for more clarity
  • LATAM Airlines struggles as synergies disappoint - is it now a takeover target?

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Marine Logweb site
JUNE 15, 2015
  • Navy civilian engineer pleads guilty to attempted espionage
  • NASSCO delivers first AFSB variant of MLP
  • Ardent and Ardentia Marine to remove oil from sunken trawler
  • With BP U.S. LNG export charter inked, Teekay orders two
  • Carnival orders four 6,600 guest LNG fueled cruise ships
  • Damen hosts LeanShips kick off meeting

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World Wide Shipperweb site
JUNE 15, 2015
  • Port of Vancouver sets workshop to discuss waterfront project
  • General Dynamics NASSCO delivers new Mobile Landing Platform vessel
  • Coast Guard helps to remove activists from AMERICAN TRADER
  • Eight new automated passport kiosks online at Portland International Airport
  • Diana Shipping continues charter of Panamax dry bulk vessel LETO

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Lloyd's Listweb site
JUNE 15, 2015
  • Angelopoulos exits drillship business in deal with bondholders
    Greek owner cuts exposure to dire offshore market as VLCC sale draws close
  • Teekay orders new LNG carriers
    Two new vessels ordered plus charters for US exports signed with BP Shipping
  • UK Defence Club sees increased interest in FD&D cover
    Marine mutual gains 200 ships in 2014 policy year
  • Gener8 to launch IPO roadshow
    Listing could raise $270m at mid-point in proposed price range
  • MOL shakes up car carrier operation
    New trades, new dynamics open up new era for car carriers
  • Troubled times for Asia-Europe carriers
    Analysts warn of difficult months ahead as spot rates plunge to new lows
  • CMA CGM succeeds in $814m notes issue
    Proceeds will be used to refinance existing notes issued in 2011 that mature in 2017 and 2019
  • Product tanker goes missing in Malaysian waters, ReCAAP says
    Vessel from same company was attacked earlier this month in latest fuel oil siphoning theft
  • Data Hub: World Fleet Update
    Fleet growth rate slips back in May but ordering spree is set to see yet more capacity added to market
  • China Shipbuilding Industry Corp fuels merger rumours by launching 'business adjustment'
    Company's flagship unit seeks outbound investment in ship engines industry
  • UK Defence Club sees growth in entered tonnage
    Combined ratio comes in at 94%
  • Dredging laws choke port progress in Australia
    Queensland government says news laws are reasonable and balance the needs of shipping and environment
  • Beijing's anti-corruption drive reaches further into state-owned maritime giants
    Bribery, theft, nepotism and other misconduct are alleged at CSIC and Cosco
  • Could tanker bull market last five years?
    The signs point to sustained strength that could stretch to a five-year golden patch
  • The single point of failure
    The Yangtze cruiseship capsizing raises questions of safety and crew training

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The Journal of Commerceweb site
JUNE 15, 2015
  • Industry split on NVOCC contracting changes
    More than a dozen non-vessel-operating common carries have endorsed further changes to U.S. Federal Maritime Commission's rules governing NVOCCs' contracts with shippers. But ocean carriers urged the commission to avoid changes that favor NVOCCs over vessel operators, and UPS and the National Industrial Transportation League warned against narrowing NVOCCs' contracting options. The...
  • Small ship capacity decline could spark newbuild surge
    Although the overall capacity of the container ship fleet is growing, the number of smaller capacity ships has declined, which could trigger newbuilding orders in the sector, a senior shipping analyst said. "Since 2009, the size of the fleets of container ships between 1,000 TEUs and 3,000 TEUs of capacity, have...
  • US LTL trucking companies report increased 2Q volume
    Despite mixed signals from the U.S. economy, trucking companies are moving steadily forward, with freight volumes increasing and contract trucking rates rising in the second quarter. Two of the largest publicly owned less-than-truckload carriers, Old Dominion Freight Line and ABF Freight System, reported stronger than expected freight demand in the early...
  • LA throughput grows in May, clouding impact of diversions
    Container volume at the Port of Los Angeles edged up 0.8 percent in May as the largest U.S. port looks for direction following a lengthy period of congestion and labor issues over the past year. Los Angeles handled 694,791 20-foot-equivalent units in May, compared to the same month last year. Imports...
  • US manufacturing growth building demand for industrial real estate
    Developers of industrial real estate are expanding their portfolios beyond big-box distribution centers for supply-chain logistics to include manufacturing facilities and warehouses to serve manufacturers in the U.S. and Mexico. Several trends are driving the growing interest in manufacturing. The boom in U.S. oil and gas production provides cheap energy to...
  • CN, APM Terminals work to increase Port of Mobile's reach
    CHICAGO - CN today signed a memorandum of understanding (MOU) with the Alabama State Port Authority (ASPA), which owns the public terminals at the Port of Mobile, intended to drive increased supply chain efficiency and a greater share of transportation markets in North America. JJ Ruest, CN executive vice-president and chief marketing officer,...
  • Busiest month in four years points to Oakland port recovery
    The Port of Oakland in May had its busiest month in almost four years, handling 213,260 20-foot-equivalent container units and sign that operations have returned to normal after months of congestion. The third consecutive month of growth in container volume since the International Longshore and Warehouse Union and Pacific Maritime Association...
  • Manufacturing growth building demand for industrial real estate
    Developers of industrial real estate are expanding their portfolios beyond big-box distribution centers for supply-chain logistics to include manufacturing facilities and warehouses to serve manufacturers in the U.S. and Mexico. Several trends are driving the growing interest in manufacturing. The boom in U.S. oil and gas production provides cheap energy to...
  • Russia, bloc partners target Asia-China containerized rail growth
    ST PETERSBURG - The creation of a containerized rail operator by the Eurasian Customs Union is aimed at capitalizing on growing volume moving between Europe and Asia. The United Transport and Logistics Company was created through the merger of the assets of railways in the union, which consists of Armenia, Belarus,...

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TradeWindsweb site
JUNE 15, 2015
  • California ports log growth
    The ports of Oakland and Los Angeles reported container volume growth in May ahead of expectations that June will see volatile numbers on the US west coast.
  • 'Still long' on LPG
    Wells Fargo Securities trimmed its profit outlook for most LPG carrier owners that it covers but kept a positive view on the sector.
  • Monjasa into trading
    Danish bunker and tanker group Monjasa is starting a hiring drive to staff its new fuel trading desk.
  • CPLP trio score pay rise
    Capital Product Partners (CPLP) today secured a pay rise on three of its vessels as it completed the drop down of a new boxship from fellow Evangelos Marinakis-backed company Capital Maritime.
  • Teekay orders duo
    Teekay LNG has ordered two LNG carriers at Hyundai Samho Heavy Industries against potential 13-year charter contracts with BP Shipping.
  • CMA CGM strikes quickly
    CMA CGM has raised EUR 725m ($814.64m) through a bond issue after deciding to refinance due to a stronger first quarter result.
  • Gener8 closes on $750m cheque
    Gener8 Maritime is closing on a $750m credit facility with commercial lenders that will aid the shipowner's funding jigsaw.
  • Siem fined in tax case
    Siem Offshore has been fined NOK 5m ($0.64m) over a tax case heard by the Kristiansand district court of Norway.
  • Carnival firms four
    Multi-billion deal inked at Meyer Werft for LNG-fuelled cruiseships that will carry record passenger numbers.
  • Gener8 sights $284m
    Peter Georgiopoulos-fronted Gener8 Maritime is looking to bank $284m from its New York IPO.
  • Mercator fixes kamsarmax
    Singapore-listed shipowner charters out bulker to Clearlake at "premium" rate.
  • SFI snaps up resales
    John Fredriksen-controlled Ship Finance International (SFI) has expanded its containership fleet once more in a deal that adds $200m to its charter backlog.
  • Dorian hits VLGC double
    Dorian LPG has locked up charters for two of its new VLGCs.
  • Gauguin sells cruiseship
    US owner Paul Gauguin Cruises is selling one of its two small cruiseships to Grand Circle Travel.
  • Ship pics avoid skip
    An archive of more than 120 photographs has been saved from destruction following the collapse of the UK's oldest shipping company.
  • DNB says hold Safe
    DNB Markets has resumed coverage of Safe Bulkers with a hold rating on the shipowner.
  • Dredger under the hammer
    The Turkish government has put a veteran Ukrainian dredger up for sale at auction.
  • MISC buys from parent
    Malaysia's MISC has snapped up the maritime services operation of its parent oil company Petronas.
  • NEL to raise money
    NEL Lines of Greece has revealed plans to issue new shares in an effort to increase its share capital and tackle its liquidity problem.
  • Crowe ponders price gap
    The gap between VLCC newbuilding and second hand values indicates "investor positivity is mixed with caution", Clarksons Research Services says.
  • Greek owner exits capes
    Swiss Marine Inc of Greece has exited the capesize market following the disposal of its only ship in the sector, it is claimed.
  • Yasa back in MR game
    Turkey's Yasa Tankers has moved back into the MR sector with an order for two new ships in Korea.
  • Trio for Seaspan yard
    Canada's Seaspan Shipyards has reached a deal to construct three coast guard/fisheries research vessels under the government's shipbuilding programme.
  • NAP prices loan
    Greece's Navios Maritime Midstream Partners (NAP) has priced a new loan at 4.5% above Libor as it buys two VLCCs from its parent.
  • Ezra seals Aviat work
    Ezra Holdings has secured a contract for rigid pipelay work on the Aviat field development in the UK North Sea.
  • AET CEO steps down
    AET is on the lookout for a new chief executive after present incumbent Hor Weng Yew announced plans to step down.
  • DSD faces more charges
    DSD Shipping is facing further charges in the US for allegedly dumping waste water overboard.

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American Shipperweb site
JUNE 15, 2015
  • Gulftainer enters U.S. port market
  • G6 Alliance upgrades transpacific services
  • Hong Kong port volumes plummet in May
  • Nevada college to offer BAS in logistics
  • Yusen Logistics launches LCL service from Nansha
  • Classification societies look to improve large containership safety

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The Bunker Bulletinweb site
JUNE 15, 2015
  • Suspected diesel spill cleanup underway in Vancouver
    Officials say between 30 to 1,000 litres of fuel spilled into Vancouver's False Creek.
  • Oil removal starts from sunken fishing vessel
    Underwater recovery domes will be deployed.
  • Carnival orders LNG powered cruise ships
    LNG fuelled ships represent 'a major environmental breakthrough.'
  • Bunker sales up in Singapore
    Number of bunker calls at highest level for at least three years.
  • OW 'nearly bankrupt' in 2008
    New book promises the inside story.
  • Monjasa opens up new horizons
    With move into oil trading.
  • Players welcome weaker arbitrage volumes
    Narrowing price differences between Asia and Europe and strong freight rates put brake on arrivals from the West.
  • Deadline passes for comments on Australian sulphur regulations
    Cruise operators in Sydney face fines for failure to comply.
  • UK player highlights need for hedging
    'Ship owners are concerned about the possible threat of an upward trend in the oil market."
  • Richmond conducts oil spill assessment
    Draws numerous lessons from earlier MV Marathassa bunker spill.
  • Gibraltar: LNG bunkering report at centre of political row
    Opposition leader 'cannot have any credibility with the electorate if he does not disclose who funded the report.'
  • Update: Malaysia widens missing tanker search
    The Orkim Harmony went missing on Thursday.
  • US to study impact of bunker ECA demand
    Study could be expanded to include more vessel types.
  • Gibraltar: LNG bunkering being dragged into politics
    Alleged corruption for 'commercial interests of others' in play, says government.
  • Update: Malaysia widens search for missing tanker
    The Orkim Harmony went missing on Thursday.
  • US to study impact of ECA on bunker demand
    Study could be expanded to include more vessel types.
  • Puzzlement over Iceland's sulphur regulation
    Sulphur limit for ships sailing in Icelandic waters differ from everywhere else.
  • FMC hosts roundtable discussion on LNG fuel
    Notes that LNG bunkering is a 'potential market' for America's natural gas resources.
  • Container alliance forced to reduce capacity on key route
    Rates between Asia and North Europe have dropped to the point where they are 'sub-economic'.
  • Patent for particulate filter published
    Filters are available for automotive sector but not marine.
  • Product tanker missing off Malaysian coast
    A sister ship of the missing vessel was also hijacked earlier in June.
  • Chinese bunker player sinks into Q1 losses
    Revenues almost halved over the year.

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