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16 September 2019 The on-line newspaper devoted to the world of transports 08:40 GMT+2




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Sched Netweb site
DECEMBER 30, 2015
  • Port of LA welcomes largest boxship to visit US
  • US West Coast ports not ready for ULCVs: Drewry
  • Italy's La Spezia port ready to handle mega-ships
  • HSBC forecasts global trade to grow by 3pc in 2016
  • Wal-Mart quits poor markets, mulls closing 5pc or 30 Brazil stores
  • Security company issues tip sheet on how to reduce cargo theft risk
  • US sets dumping duties on steel from China, India, Italy, Korea
  • Vietnamese dong falls to limit of it trading band for first time
  • Hactl breaks 2 of its own records for ramp handling
  • Lufthansa accuses Gulf carriers of wrecking Europe's civil aviation infrastructure
  • Air freight rates show little sign of a recovery in November and outlook is gloomy

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Exim Indiaweb site
DECEMBER 29, 2015
  • Correct your IMDG Code
  • Hong Kong to resume imports of poultry products from India
  • APM Terminals Pipavav organises three-day camp for physically challenged individuals in Amreli District
  • BPCL, HPCL & IOC to jointly develop new port-based oil refinery
  • Chennai Port proficiently handles heavy lift project cargo
  • Easing doing business
  • Karan Adani appointed CEO of APSEZ
  • Arecanut cooperatives seek increase in import duty
  • IOC receives green signal for Ennore LNG pipeline
  • KEI Industries receives INR 384.53 cr. order from PowerGrid
  • NHAI commences work on 135-km long National Expressway-2
  • Steel industry hit by under-invoicing by exporters
  • Two cos win projects on Delhi-Meerut Expressway

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IHS Maritimeweb site
DECEMBER 29, 2015
  • Sea Oil opens bunker trading office in Singapore
    Singapore: Credit: Olaf SchmidtThai marine fuel distributor Sea Oil has begun bunker operations in Singapore. Industry sources told IHS Fairplay that the company registered an entity, Sea Oil Petroleum Pte Ltd, in Singapore in April 2015 and this was confirmed through corporate records. However, the company is still in the midst of...
  • CJ Korea Express sells 20% stake in Busan terminal to China Shipping unit
    South Korean logistics company CJ Korea Express has sold 20% of its stake in its loss-making terminal in Busan port to a unit of China Shipping Group. CJ Korea Express said it sold the stake in Korea Express Busan Container Terminal to China Shipping Ports Development for over KRW9.7 billion (USD8.3...
  • Thorco Shipping confirms one body from sunken cargo ship
    Denmark-headquartered Thorco Shipping has confirmed one body of the six missing crew members that was found near the sunken cargo ship, Thorco Cloud. The body was found along with two other bodies by the local search and rescue (SAR) teams that commenced operation over Christmas. However, the two bodies' identity remained unknown,...
  • Bumi Armada secures USD1.2 billion facility for FPSO Armada Olombendo
    Malaysia-listed offshore services provider, Bumi Armada has secured a syndicated facility worth USD1.2 billion for floating production, storage and offloading (FPSO) Armada Olombendo, operating in Angola. The facility includes a term loan, a standby letter of credit and a bank guarantee which was signed by Armada Cabaca, a wholly-owned subsidiary of...
  • Terminals and lines don't need new sticks with which to beat each other up
    A newly released paper by a global industry consulting firm on how performance-based pricing could potentially unlock large dormant value pools in container shipping has useful ideas but fails to address fundamental issues in the nature of carrier-terminal business dynamics that would ultimately undermine any such initiatives. Analysis of IHS...
  • Clampdown on shipping corporate crime expected in 2016, says report
    The US has kicked off corporate counter-crime trends for 2016. Pic: US Supreme Court, Washington D.C.A clampdown on executives suspected of involvement in corporate wrongdoing is one key trend that counter crime in the corporate field, including shipping, will witness in 2016, according to a new report from financial compliance...
  • Mercator sells three vessels to reduce debt
    Singapore-listed dry bulk company, Mercator Lines has sold its three mortgaged bulk carriers to service its recurring debt. The company has entered three memorandum of agreements to offload Kesari Prem, Gauri Prem, and Sri Prem Aparna to related companies of their lender on arms-length basis at market value for total net proceeds...
  • Goodwood advises caution for shipping in 2016
    Singapore-based Goodwood Ship Management warns that 2016 should be a year of caution because of the ongoing decline of crude oil prices. Ashok Sabnis, managing director of Goodwood, told IHS Fairplay that the low oil prices may have a "negative knock on effect" in the shipping market and in the overall...
  • China fines eight shipping companies for flouting anti-monopoly laws
    China's National Development and Reform Commission (NDRC) has announced that eight shipping companies have been fined a total of USD63 million for defying the country's anti-monopoly laws. The eight companies include Japan's 'Big Three' shipping companies - Mitsui OSK Lines, NYK Line, and Kawasaki Kisen Kaisha ('K' Line). The other five companies are EUKOR...
  • Incheon port eyes 2.5 million teu in 2016
    Having embarked on an expansion programme, Incheon port targets to handle 2.5 million teu in 2016. While Incheon Port Authority (IPA), which oversees Incheon port, said that 2.47 million teu, or a 4.4% increase from estimated volumes for 2015, is more realistic, it has set 2.5 million teu as a...
  • Exploded VLGC sold to Chinese interests
    A very large gas carrier (VLGC) involved in a fatal explosion in 2014 has been sold to Chinese interests for further trading, shipbrokers told IHS Fairplay. The 1990-built, 50,743 dwt DL Calla has reportedly been sold for USD20.5 million, according to shipbrokers. Although the ship, owned by Korea Line Corporation (KLC), was...

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Marine Logweb site
DECEMBER 29, 2015
  • VIDEO: CMA CGM Bejamin Franklin calls Los Angeles
  • USCG closes section of Upper Mississippi River
  • Veteran research vessel has new owner, new name
  • New Year brings new IMO requirements
  • ABS revises Guide for Certification of Lifting Appliances
  • Sinopacific delivers its first Mexican market PSVs
  • Keppel O&M wins major orders from repeat customers

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World Wide Shipperweb site
DECEMBER 29, 2015
  • Washington State Ferries inks pact for fourth Olympic Class ferry
  • Public input requested for Oregon transport panel findings
  • Customs gives top ten list of items seized during past year
  • Port of Everett to start damage repairs, maintenance
  • Boeing nets second NASA deal to transport space station crew

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Lloyd's Listweb site
DECEMBER 29, 2015
  • Yang Ming forms logistics alliance with two compatriots
    Taiwanese box carrier, China Airlines and Chunghwa Post sign LoI to enhance co-operation in multiple areas
  • Bodies recovered close to Thorco Cloud wreck
    One crew member confirmed dead after Singapore Strait collision
  • Supreme Court dismisses Ilmarinen action against Finnlines
    Final judgement ends seven year dispute over 2008 dividend and gives options for Grimaldi to take remaining stake in Finnish owner
  • Shell terminates drilling rig contract with Transocean
    Transocean will be compensated for early termination with a lump sum payment
  • Keppel Offshore & Marine secures $88.6m worth of new orders
    Keppel's Singapore yard clinches two orders while its overseas yards get another two
  • Bumi Armada secures $1.1bn in loans for Angola offshore project
    Credit facility to cover project costs for FPSO to be chartered out to Eni Angola
  • China Cosco to distribute 7.5% of Shanghai-listed shares
    Company will transfer stake to three key players in China's logistics, steel and shipbuilding industries
  • CIMC chairman Li Jianhong resigns
    Move could indicate Mr Li is gearing up for more responsibilities related to potential takeover
  • George Karageorgiou steps down from Globus Maritime positions
    Athanasios Feidakis to take up president, chief executive and chief financial officer posts
  • Karan Adani to assume chief executive role at Adani Ports and Special Economic Zone
    Mr Adani's new appointment takes effect on January 1, 2016
  • Washington State Ferries orders fourth Olympic-class vehicle ferry
    Ferry is one of four which will replace state's oldest ferries built in 1950's and 1960's
  • Charles Fabrikant resigns from Dorian LPG board
    Fabrikant to focus more on running Seacor
  • Norden sells capesize dry bulk carrier at a loss
    Proceeds to be used for supramax or panamax acquisitions
  • Concordia Maritime to charter out P-Max tanker to Chinese shipping firm
    Two-year time charter to take effect by early February next year

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The Journal of Commerceweb site
DECEMBER 29, 2015
  • Container lines' on-time performance nearly breaks record, SeaIntel says
    Global carrier schedule reliability in November reached its second-highest level since 2011, according to SeaIntel. The maritime analysis firm said the changes were largely propelled by improvements on minor trade lanes, but an uptick in schedule reliability on the Asia-U.S. West Coast trade lane shows that trade patterns are at last...
  • US truckers scramble for rigs before tax break expires
    Truckers in Los Angeles-Long Beach are buying as many new and post-2007 model trucks that they can get their hands on in order to take advantage of a tax break that took effect Dec. 18, but time is running out. The accelerated depreciation provision expires at midnight Thursday. "There's super demand...
  • Shippers urge governments to harmonize container weight rule guidelines
    European shippers are urging governments to harmonize their regulations for the meeting of a global container weighing mandate because too few countries have detailed what shippers need to know before the rule takes effect July 1. The statement from the European Shippers' Council highlights how unprepared many governments are in helping...
  • Japan to boost spending on container ports
    Port of OsakaJapan's transport ministry has unveiled plans to ramp up its spending on measures to shore up the sagging international competitiveness of key domestic container ports as part of broader efforts to revitalize the economy. The ministry said that it will set aside 81.5 billion yen ($679 million) in fiscal...
  • Japan trust bank to buy half of Midwest Railcar
    Japan's Sumitomo Mitsui Trust Bank Ltd. will indirectly acquire half of Illinois-based Midwest Railcar Corp., making inroads into the increasingly lucrative U.S. freight railcar leasing market. The leading trust bank in Japan and its subsidiary, Sumitomo Mitsui Trust Panasonic Finance Co., have agreed to indirectly purchase a combined 50 percent stake...
  • ILA cheers delay in Cadillac tax on medical benefits
    The president of the International Longshoremen's Association said the union is pleased that the appropriations bill that Congress approved this month includes a two-year delay in the "Cadillac tax" on high-end medical plans. "This is a great victory for the ILA and its members," said ILA President Harold J. Daggett. "I...
  • MSC: 2M stands to gain from alliance shake-ups via consolidation
    The 2M Alliance stands to gain from the pending consolidation of the container line industry because the alignment of the five alliances to which the other major carriers belong will change and with it their services, making the consistency provided by the tie-up of Maersk Line and Mediterranean Shipping Co....

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TradeWindsweb site
DECEMBER 29, 2015
  • NewLead's new major owner
    The Michael Zolotas-led company issues more shares to repay move into coal mining.
  • Trustee targets Altor and executives
    Investigation report says investment firm bears responsibility for document with 'misstatements'.
  • Missing Thorco crew may have been found
    DNA set to be used to identify if recovered bodies are those from sunken general cargo vessel.
  • Shell culls rig deal
    Transocean has seen its second drilling rig charter cancelled in as many weeks.
  • Swiber seals bargain priced barge
    Singapore-listed contractor looks to have picked up vessel at a discount to its recent valuation.
  • Cosco gives shares to other state outfits
    Government-run shipping giant relinquishes majority control of flagship listed spinoff.
  • Finnlines wins dividend dispute
    Supreme Court rules in favour of shipowner in long-running case over payouts.
  • BW LPG top maritime stock in difficult 2015
    World's largest VLGC owner the industry's star performer as shipping shares lag S&P 500.
  • Keppel O&M rakes in deals worth $88.5m
    Singaporean company signs multiple conversion deals at yards in Singapore, Brazil and Azerbaijan.
  • Samudera Shipping in $5m double asset sale
    Pair of small tankers taken in by parent ahead of one being packed off to the scrap yard.
  • Maersk confirms Copenhagen job cuts
    Danish conglomerate axes 110 staff at headquarters as former CCO resigns.
  • Blast onboard Greek bulker
    Transmed Shipping-owned vessel hit by small explosion during Barzilian bunkering.
  • Arctic: Golar's stocking packed with cash
    Tor Olav Troim-led owner set fair for 2016 after Christmas filing reveals funding updates, analyst says.
  • Second Chinese giant wins Beijing backing
    China Merchants' purchase of Sinotrans & CSC Holdings receives state approval.
  • Skaugen scraps SEB market maker pact
    Oslo-listed owner mulling if cost of agreement to aid liquidity is justified.
  • Demo dash continues
    Torrent of unwanted ships heading to the breakers intensifies as year-end approaches.
  • Scrap hauler catches fire
    General cargo ship carrying used appliances to China for recycling catches fire off South Korea.
  • Topaz buys AHTS
    Berjaya-built vessel set to join Dubai-based offshore player's fleet.
  • Federal judge throws out Daebo seizure
    Technomar preparing appeal after leased ship found to be covered by Chapter 15 protection.

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American Shipperweb site
DECEMBER 29, 2015
  • Unions file protests over crewing of APL ship
  • G6 Alliance voids multiple sailings on east-west trades
  • Report: Global liner on-time performance nears four-year high
  • U.S. issues report on China's WTO commitments
  • DB Schenker consolidates European logistics operations
  • Transportation stocks take a tumble in 2015
  • U.S. durable goods orders flat in November
  • BIS proposes revised guidance for certain export penalties
  • Peel Ports acquires Great Yarmouth Port Company
  • Port of Koper's car shipments on the rise
  • China Merchants Group to acquire freight forwarder Sinotrans

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The Bunker Bulletinweb site
DECEMBER 29, 2015
  • Refined products lead oil futures higher on cold weather
    Rally capped by persistent concern over global oversupply.
  • Legal expert sees 'good chance' for successful investor claims in OW case
    Against board and management members, IPO advisors and Altor.
  • Companies collaborating on bunker project for Malaysian port
    Companies 'optimistic' about prospects at Pasir Gudang.
  • New crude import approvals will further hit fuel oil demand
    China extends list of independent refiners allowed to import crude oil.
  • New crude oil import approvals will further hit fuel oil demand
    China extends list of independent refiners allowed to import crude oil.
  • OW case still under investigation by Danish state prosecutors
    Unrelated to compensation claims, but could lead to criminal charges.
  • Report concludes OW's IPO prospectus was misleading
    Omissions and incorrect information serious enough to be considered unlawful, says report commissioned by liquidators.
  • Suspects arrested as Indonesia acts on priacy
    Naval official claims number of attacks has been falling.
  • Dry Bulk: 'Strong balance sheets needed to get through storm'
    'Small private companies without obvious external support will be at the most risk.'
  • Director of Mercator resigns
    Firm's shipping subsidiary sells 3 bulk carriers to service debt.
  • India mulls LNG as fuel for inland vessels
    Proposal includes newbuild fleet of 80 LNG-powered vessels.
  • ICE Brent tests 11-year low as Iran vows to boost exports
    China's weak stock market performance weighed on oil futures Monday.




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