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05 April 2020 The on-line newspaper devoted to the world of transports 14:37 GMT+2




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Sched Netweb site
JUNE 18, 2015
  • Asia Australia Discussion Agreement bunker charge US$325/TEU July 1
  • Los Angeles box volume finds bottom in May with 0.8pc increase
  • Port of Oakland's container volume continues 3 months of growth in May
  • Weak European cargo demand prime cause of current rate collapse
  • G6 shipping alliance adds port calls to two Asia-North America services
  • Florida's Canaveral port launches box shop run by Gulftainer
  • Port of Virginia May volume up 13pc to 230,511 TEU, trumps March record
  • Capital Product Partners' new 9,288-TEUer wins CMA CGM contract
  • Kenya to buy land for Rift Valley Mombasa-Nairobi-Kampala railway
  • African textile exports may reach US$4 billion under US trade deal
  • General cargo up 5.1 on St Lawrence Seaway in first month of operation
  • Plunging revenue prompts Air France Cargo to slash prices to stay aloft
  • FedEx accelerates freighter retirements to improve efficiency
  • WFS wins ground-handling contracts at five Aena airports in Spain
  • Volga-Dnepr flies power station from New York to Suez for canal widening

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Exim Indiaweb site
JUNE 17, 2015
  • CMA CGM Group to optimise services between Asia & Europe
  • ICS AGM focuses on critical issues
  • Joseph Chacko presented certificate at 2015 International Seafarers' Welfare Awards in London
  • APM Terminals Inland Services, South Asia celebrates World Environment Day by planting 500 saplings
  • Govt planning significant increase in draught at Major Ports
  • China to supply 14 subway trains to Kolkata
  • The growing importance of Private Freight Terminals in India
  • DGFT amends Foreign Trade Policy & Procedures
  • Exports nosedive in May by 20.19 pc
  • Govt should act fast to arrest continuous & sharp decline in exports: Fieo President
  • INR strengthens smartly against US currency
  • China approves airport, rail projects worth $19.3 bn

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International Transport Journalweb site
JUNE 18, 2015
  • Throwing out the net in Central Asia
  • Szczecin hinterland and port of Hamburg join forces
  • Driving life sciences and healthcare
  • Boeing and Volga Dnepr Group intensify relations
  • On trial: shunter with gas reciprocating engine
  • Matchback Systems names IT director
  • DTAC reinforcing East Midlands presence
  • Russian border crossing reopened for TIR procedure
  • Cargolux: art, animals and service to Zhengzhou
  • Gefco Germany ramping up China business
  • APMT steps up investments in Tema
  • Acquisition of KTR completed
  • Saudia starts cargo operation from Delhi
  • CN to prep for Panama Canal expansion
  • AKD entices shipping specialists to its ranks
  • New giant cranes for ECT

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IHS Maritimeweb site
JUNE 17, 2015
  • USCG unveils maritime cyber scheme
    Developing guidance for commercial vessels and port terminal operators on identifying cyber-attack risks is one of the objectives of the US Coast Guard's cyber-security plan. The agency's Cyber Strategy, unveiled by USCG Commandant Paul Zukunft on 16 June, will guide the coastguard's cyber efforts
  • Seadrill spin-off acquires ultra deepwater rig
    Seadrill, the London-based listed drilling rig and ship owner in John Fredriksen's business empire, says it has agreed to sell the 2008-built ultra deepwater rig West Polaris to Seadrill Partners, a listed spin-off company. The deal sees Seadrill Operating LP - 58% owned by Seadrill Partners LLC -
  • Mobile port adds box capacity
    Container capacity at the Port of Mobile, Alabama is increasing to 475,000 teu with the addition of two post-Panamax gantry cranes. APM Terminals (APMT) announced on 16 June that in addition to the new cranes, it is expanding the container yard by 8 ha (20 acres) as part of a USD40 million
  • China, Australia ink free trade agreement
    China and Australia signed a long-awaited free-trade agreement (FTA) on 17 June after a decade of negotiations, lifting most tariffs in both countries. In terms of cargo trading, 85.4% of China and Australia's exports will be tariff-free as soon as the agreement takes effects. Upon full
  • Global seaborne LPG trade to grow
    Seaborne LPG trade will continue rising, fuelled by increasing exports from the United States and Algeria as well as growing Asian demand. Speaking on the second day of IHS Asia LPG Seminar in Singapore on 17 June, IHS Waterborne Energy senior director Scott Gray said that global LPG shipments are
  • Yang Ming, RCL launch new Southeast Asia service
    Taiwanese container carrier Yang Ming Marine announced that it is partnering with Thai carrier Regional Container Lines (RCL) to launch a Southeast Asia service. Two 1,200-1,500 teu box ships, one each from Yang Ming and RCL, will be deployed for the service. Each voyage is scheduled to last 14 days, with the maiden voyage beginning on 22 June from Singapore.
  • SapuraKencana's net profit halves in 1Q15
    Malaysia-listed offshore services provider SapuraKencana Petroleum's first-quarter 2015 net profit almost halved to MYR261.2 million (USD69.6 million), compared with the net profit of MYR510 million in last year's quarter. The decrease was followed by the dip in its revenue for first-quarter 2015
  • MMHE clinches contracts worth $86.34m
    Malaysia-listed shipbuilder Malaysia Marine and Heavy Engineering (MMHE) has clinched various contracts worth a total of MYR324 million (USD86.34 million) from the upstream oil and gas sector, as well as in ship maintenance deals. The contracts won by MMHE comprise of working with South Korea-based
  • PSA orders more ZPMC cranes for Voltri Pra terminal
    Singapore-based port operator PSA International said it has ordered four gooseneck cranes for its Voltri Pra terminal in Genoa, Italy from Chinese crane manufacturer Shanghai Zhenhua Heavy Industries (ZPMC). The order comes after a previous order made at the end of 2014 for four similar cranes,
  • Yokohama's exports rise in March
    Japan's Yokohama port's exports rose 10.8% year on year (y/y) in March, to 2.959 million tonnes of cargo. Imports rose 7% y/y in March to 3.261 million tonnes. However, the port's overall traffic decreased because of lower domestic trade. Domestic trade fell 4.8% y/y to 3.714 million tonnes of

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The Loadstarweb site
JUNE 17, 2015
  • Union accuses Cargolux of risking safety and spying on pilots while on sick leave
  • Italian ports look to recapture domestic imports lost to North European rivals
  • As tonnage rises and business expands, bullish ABC orders 20 747-8 freighters
  • The driving forces behind what would be the next revolution in the haulage sector

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Marine Logweb site
JUNE 17, 2015
  • Vigor Marine awarded $15.6 million T-AKE 10 contract
  • Norbulk fined $750,000 after dumping hydraulic oil
  • Canary Islands yard can now handle larger OSVs
  • MacGregor to supply deck machinery for Yamal LNG carriers
  • Norden to class entire fleet with LR
  • Tidewater sells 1999-built crew/supply boat

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World Wide Shipperweb site
JUNE 17, 2015
  • Drewry releases latest round of carrier reliability numbers
  • CMA CGM Group upgrading Bosphorus Express Line rotation
  • World Customs Organization taps Hinojosa as new director
  • Marcon International brokers deal for Tidewater Marine supply vessel
  • Matson gives final results of Horizon Lines tender offer

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Lloyd's Listweb site
JUNE 17, 2015
  • Navios Midstream confirms fifth and sixth VLCC dropdowns
    $100m acquisition will boost payouts to unit holders
  • Is consolidation a hopeless cause in dry bulk?
    Leading analyst says so, but would-be consolidators say interest is rising among owners
  • Houston Ship Channel closed; tanker schedules disrupted
    Busy waterway could still be closed tomorrow
  • RCL enters big-ship league
    Thai feeder operator teams up with three other carriers to deploy seven 6,500 teu ships on Northeast Asia-Middle East trade
  • Moody's upgrades NYK's outlook to stable
    Growing optimism from credit agency after change in methodology and improvement in earnings
  • Creasy appointed chairman at Charles Taylor
    London market veteran to head Standard Club manager
  • RMT announces CalMac strike plans
    Ratings to take industrial action later this month
  • Yemen LNG fate hangs on Geneva peace talks
    Gas shipping looks to this week's UN-sponsored peace initiative as Balhaf exports remain offline
  • Beijing's drive to reduce shipping emissions arouses differing views within cabinet
    Transport and environment ministries have different goals in limiting sulphur content of fuel oil
  • APMT readies Alabama terminal for Panama Canal expansion
    Two new super-post panamax cranes and additional yard capacity announced as part of $40m investment programme
  • Top maritime regulators arrive in Brussels to review competition in box trades
    Officials from the EU, China and US to attend second summit as alliances settle in and freight rates plunge
  • Mercator seals kamsarmax deal
    The dry bulk shipping business is hoping a deal with Clearlake Shipping will provide a welcome financial shot in the arm during a troubled market
  • Data Hub: Trade Statistics
    East Asia sees strong outbound growth but a drop in first-quarter imports as decline in US-China volume hits trade
  • VLCCs are geared for growth
    Growth in spot earnings and growth in commercial deals illustrate a new era for VLCCs

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The Journal of Commerceweb site
JUNE 17, 2015
  • Organic gains, not diversions, drive Charleston port to record volume
    The South Carolina Ports Authority handled record container volume in May and approved $165.5 million in capital spending on new and expanded facilities during its fiscal year that begins July 1. The lingering effects of congestion at West Coast and North Atlantic ports provided a marginal boost to volume but most...
  • Hong Kong-to-Los Angeles spot rate index falls to four-year low
    An index measuring spot rates to ship a 40-foot container from Hong Kong to Los Angeles this week fell to a more than four-year low, a plunge somewhat explained in part by seasonal decline in demand, but still an ominous sign to carriers seeking general rate increases over the coming...
  • Yang Ming (America) Corp. moves corporate HQ
    We are pleased to announce that Yang Ming (America) Corp Headquarters in Jersey City is moving to One Newark Center, 1085 Raymond Boulevard, Ninth Floor, Newark, New Jersey 07102, effective June 22, 2015. Yang Ming (America) Corp. One Newark Center 1085 Raymond Boulevard, 9th Floor Newark, New Jersey 07102 Our Corporate Headquarter phone numbers and...
  • Trade pact to boost China-Australia container trade after double-digit gain
    A new free-trade agreement between Australia and its largest trading partner, China, will likely further accelerate containerized trade between the duo after their volume rose 14.6 percent in the last three years. When the agreement initially takes effect, 85.4 percent of China and Australia's products will be tariff-free. Once it is...
  • Indonesian, Malaysian shippers to gain new connections to Singapore, Port Klang
    A new weekly intra-Asia service will give Indonesian and Malaysian shippers better access to the transshipment hubs of Singapore and Port Klang, Malaysia starting later this month. The service provided by Yang Ming and Regional Container Line begins June 22 and is another sign of carriers deploying more ships to serve...
  • Signs point to US shippers' slowing intermodal conversion
    U.S. shippers are finding it more and more difficult to rationalize shifting their cargo from highway to rail. And questionable service reliability and accelerating intermodal rates are to blame, according to intermodal analysts and a recent shipper survey. Given that many of the contributing factors are temporary, though, many industry insiders...
  • Holland & Hart launches new global trade sanctions blog
    WASHINGTON - Holland & Hart today announced the launch of www.tradesanctions.com, a global trade sanctions blog authored by leaders of Holland & Hart's International Trade team. Ranked nationally by Chambers USA and Chambers Global, Holland & Hart's experienced trade sanctions attorneys will author timely articles to help clients and business leaders stay...
  • Vantix Logistics selects Yusen Logistics (Americas) as intermodal provider
    SECAUCUS - Vantix Logistics has selected Yusen Logistics (Americas) to provide intermodal and OTR service. Under the contract, Yusen Logistics is managing 60 to 70 intermodal freight movements each month for Vantix, the Dallas-based division of McLane Co. Inc. and a provider of supply chain solutions for the food industry. The shipments consist...
  • Long Beach volume returns to pre-recession levels
    The Port of Long Beach in May recorded its busiest month since October 2007, indicating that cargo volumes are returning to pre-recession levels and the worst effects of the labor disruptions this past year are over. Click to EnlargeTotal container volume, imports exports and empties, was 635,250 20-foot container units, an...
  • Pension charge leads to $895 million FedEx quarterly loss
    An accounting change that cost FedEx $2.2 billion cut deep into the company's earnings to produce an $895 million loss in the fourth quarter of the company's fiscal year. Adjusted for that $2.2 billion pre-tax charge, FedEx net profit would have been $753 million, compared with a $730 million net profit...
  • East-west lines' on-time record improves again
    On-time performance for container ships in the three core east-west trade lanes improved in May for the fourth consecutive month, Drewry Supply Chain Advisors said in its monthly Carrier Performance Insight. The improvement was driven by much better on-time performance in the trans-Pacific and trans-Atlantic trades, where U.S. port congestion disrupted...
  • Brazil unveils long-delayed port concessions
    Plans to invest 198.4 billion reais ($63.83 billion) in infrastructure concession projects have been announced in Brazil this past week by President Dilma Rousseff. Roughly 37.4 billion reais is expected to be invested in the port sector. Rousseff has launched what she and her key ministers are billing as "the greatest...
  • Japan-US trade loses some momentum
    In an ominous sign for its export-reliant economy, Japan's red-hot merchandise trade with the United States lost some steam in May after expanding by more than 20 percent in March and April. Japan's exports to the U.S. rose for the ninth successive month in May on a year-over-year basis, climbing 7.4...
  • Asia-Europe rate turmoil spreads to north-south routes
    LONDON - The freight rate collapse on the Asia-Europe trades has triggered a domino effect across carriers' global networks with spot rates out of China to Australia and South America sinking to all time lows, according to Alphaliner.Rates on several other routes out of China are also nearing their 2009...
  • MSC bolsters India service with stop at Hazira
    Mediterranean Shipping Company will add a direct call at Hazira, India, to its IPAK service in order to enhance direct connections between India, North Europe and the Mediterranean, effective in early July. The new port call will begin with the arrival of the MSC Tomoko at Adani Hazira Container Terminal on...
  • AirBridgeCargo to receive 20 Boeing 747-8 freighters
    LONDON - Russian cargo airline Volga-Dnepr signed a memorandum of understanding today to buy and lease twenty Boeing 747-8 freighters with a combined list price of $7.4 billion for its AirBridgeCargo Airlines unit. The agreement, announced at the Paris air show, also calls for Volga-Dnepr's fleet of Antonov-124-100 heavy lift aircraft...
  • No sign of China port slowdown as May volumes rise at Cosco Pacific
    HONG KONG - Cosco Pacific reported growing container volumes across all its geographical sectors with 28 million 20-foot-equivalent units handled by China's second largest port operator in the first five months of the year. A China slowdown does not yet appear to have hit the port sector, with Cosco Pacific...
  • Asia-Europe rate turmoil spreads to north-south routes
    Freight rates have tumbled on the Asia-Australia routes as capacity cascades in from the major east-west trades.LONDON - The freight rate collapse on the Asia-Europe trades has triggered a domino effect across carriers' global networks with spot rates out of China to Australia and South America sinking to all time...
  • No sign of China port slowdown as May volumes rise at Cosco Pacific
    HONG KONG - Cosco Pacific reported growing container volumes across all its geographical sectors with 28 million TEUs handled by China's second largest port operator in the first five months of the year. A China slowdown does not yet appear to have hit the port sector, with Cosco Pacific handling...
  • Drastic capacity cuts the way out of Asia-Europe mess, Alphaliner says
    Carriers on the Asia-Europe route via the Suez Canal have cancelled 52 sailings so far this year in a vain bid to raise rates.HONG KONG - The only way to stop the Asia-Europe rate war was to make drastic and permanent capacity cuts, as the widespread practice of voiding sailings...

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TradeWindsweb site
JUNE 17, 2015
  • KNOT enough for BG
    Knutsen NYK Offshore Tankers (KNOT) has ordered a suzemax shuttle tankers after BG Group exercised an option for a long-term charter.
  • Bigger, better, broken?
    Shipping consolidation is coming, but perhaps not as quickly or efficiently as some would hope.
  • Hapag-Lloyd rating outlook upped
    Moody's Investor Service hiked its outlook on Hapag-Lloyd's credit rating to "stable" as the German liner operator's financial metrics improved.
  • Greatship sells AHTS
    India's Greatship has offloaded one of its modern anchor handling tug supply vessels (AHTS).
  • Liner reliability surges
    Containership schedule reliability has surged since January, reaching the highest point in a year.
  • NAP bumps distribution
    Navios Maritime Midstream Partners (NAP) will push up its shareholder payout after striking a deal with sibling Navios Maritime Acquisition to take two VLCCs.
  • Petrobras pain delayed?
    Brazilian state oil company Petrobras could postpone cuts to its $221bn five-year spending plan.
  • VLCC spending to top $3bn
    Investment in second hand VLCCs in 2015 will cross benchmark if Euronav takes Metrostar options.
  • Three hours, three vessels
    Intruders boarded three vessels within three hours earlier today in the eastbound lane of the Straits of Malacca and Singapore.
  • Stena profit soars
    Sweden's Stena AB has revealed a big profit in the first quarter after it sold nine ferries and other assets.
  • Eagle refilling shelf
    Eagle Bulk Shipping is laying the groundwork for securities sales worth up to $500m.
  • First Steamship falls
    Taiwanese bulker owner First Steamship has logged a drop in first quarter profit as financial costs rose.
  • Atlantska: not us
    Atlantska Plovidba has refuted media speculation that its executives acquired shares to the company's detriment.
  • MSC rejigs in Americas
    MSC is teaming with three other container lines to launch two new services in South and North America.
  • GMI shares dry view
    Global Maritime Investments is bearish on the dry bulk market for the rest of this year but has seen some groundwork laid for the next upturn.
  • Phoenix barred
    An Indian bulker has been banned from Paris MoU ports for three months after failing its third port state check in two years.
  • Ceona's new CEO
    Mark Preece takes over top job at offshore owner, succeeding Steve Preston.
  • Moody's positive on Maersk
    Ratings agency Moody's has raised its outlook for AP Moller-Maersk to positive from stable due to an improvement in its debt profile.
  • Epic plans fundraiser
    Epic Gas announced plans Wednesday to raise around $50m from a private placement of new shares to existing shareholders.
  • USC takes control
    Russia's United Shipbuilding Corporation (USC) has finally got its hands on 100% of the shares in new far eastern shipyard Zvezda.
  • Drillship drops down
    John Fredriksen's Seadrill is selling a drillship to its spin-off Seadrill Partners (SP) for a quick cash boost.
  • Siem sale falls through
    Norway's Siem Shipping is launching legal action after failing to sell a veteran reefer.
  • Orkim hunt ramped up
    The hunt for a missing Malaysian-flagged product tanker has been stepped up with more assets added to the search operation.
  • DeepOcean seals BG work
    DeepOcean has been awarded a five year contract by the UK's BG Group for maintenance and repair (IMR) work.
  • Hamburg skipper fined
    The master of a cruise ship, which was damaged by rocky shoals after going aground off Ireland, has been fined by a court in Belfast.
  • Cheaper ship prices coming
    Fast declining orderbook pointing to a further price correction, says Morgan Stanley.
  • Rodgers ain't braggin'
    When panelists at the annual Marine Money conference in New York were asked how they would spend $1bn in today's shipping market, only one member was able to speak from recent personal experience.
  • VLCCs move upward
    The VLCC has moved sharply upward after staying quiet last week, with brokers estimating a roughly 10% leap in day rates on the benchmark route between the Middle East and Japan.

news on subscription
American Shipperweb site
JUNE 17, 2015
  • Dagnese named president of Con-way Freight
  • CMA CGM adjusts Asia-Europe services
  • China Southern Cargo expands operations
  • FedEx stock slips as currency, fuel impact Q4 results

news on subscription
The Bunker Bulletinweb site
JUNE 17, 2015
  • LNG 'will have a place' in future of marine fuels
    Development 'is still on track', says Global Gas Technology Market Manager for Lloyd's Register.
  • Bunkering 'key' in push for LNG
    Involvement needed from 'big players' to help 'make this work on a global scale', FMC Commissioner says.
  • 'At berth' regulations will cut pollutants by 60%
    But Hong Kong has no plans for 'cold ironing' at box terminals.
  • Piraeus hosts LNG bunkering events
    Initiative part of Poseidon Med project.
  • Bunker player ready to build more terminals
    'We are looking at either acquiring or developing in greenfield sites.'
  • Bunkers de Mexico rebuts barge arrest report
    Company source says barges are operating and that 'we are making deliveries'.
  • Ferry design aims for fuel efficiency
    Vessel to be deployed on New York commuter route.
  • 'At berth' regululations will cut pollutants by 60%
    But Hong Kong has no plans for 'cold ironing' at box terminals.
  • LNG pricing: 'Market dynamics have shifted in buyers' favour'
    LNG price deals becoming more transparent and less complex.
  • Invention reduces need for oil change
    Using an ultra-fine filter.
  • Police: Missing tanker believed hijacked
    Vessel had cargo of gasoline.
  • Glander International Bunkering makes new Americas hire
    Marcello joins Florida officeas bunker trader.
  • Glander International Bunkering expands Florida office
    Jake Marcello joins company as Bunker and Lubricant Trader/Broker.
  • Delisting threat widens for Andatee
    Shares fail to meet minimum required bid price.
  • CLIA raises 'significant concerns' about Australian sulphur regulation
    Hoping to influence 'stage 2' proposal for wider NSW 0.1% sulphur limit that would apply from next year.
  • Cruise company orders LNG-fuelled newbuilds
    Orders for two vessels have been placed with German shipbuilder.
  • Marex Spectron: EL Nino expected to impact oil shipments
    By increasing the number of cyclones in the North Indian Ocean and typhoons in the South Pacific.




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