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08 December 2019 The on-line newspaper devoted to the world of transports 17:00 GMT+1




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Sched Netweb site
JUNE 9, 2016
  • CMA CGM, now with NOL, joins PSA in battle for regional transshipments
  • Hong Kong quarterly box volume drops 12.1pc, overall cargo falls 18.7pc
  • Carriers lost money in Q1, and those that made money, made little
  • Throat cancer induces CN president and CEO Claude Mongeau to step down
  • China's Landbridge Group plans US$18 million expansion of Port of Darwin
  • CMA CGM orders four 3,300-TEUers from Cosco-Zhoushan Shipyard
  • Striking drivers at LA, Long Beach & San Diego ports hold protest march
  • Pursuing economies of scale with mega ships a mug's game: DNV GL man
  • GAC's hull cleaning system, HullWiper, to launch in July at Port of Rotterdam
  • Ro-ro sea trials shows Nanol lub additive provides 2pc fuel-savings
  • Warehousing to enjoy boom, but so will its costs: IBISWorld
  • Cargotec's Kalmar sells 10 straddle carriers to DP World Melbourne
  • Cathay looks to proposed Airbus A350 stretch-jet for non-stop Miami
  • Aid relief groups call for greater use of new aircraft delivery flights
  • American Airlines Cargo appoints GSA to increase trade with Africa

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Exim Indiaweb site
JUNE 8, 2016
  • Campaign launched to persuade EU to align shipping CO2 rules with international community
  • India becomes co-chair of Working Group on piracy off the coast of Somalia
  • ITIC launches cyber liability insurance extension
  • SOLAS VGM deliberation calls for collaborative communication
  • Chemical imported from Russia levied anti-dumping duty
  • Paradip Port bags best performance accolade
  • V.O. Chidambaranar Port receives two annual performance awards from Ministry of Shipping
  • Dedicated freight corridors taking shape
  • Leading lights of industry to address FINS' multimodal logistics conference on June 17 in Mumbai
  • Exporters continue to face hostile global market: EEPC India

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International Transport Journalweb site
JUNE 9, 2016
  • Property developer goes into action again
  • Rail system manufacturer opens new plant
  • Diamond, Euronav and Frontline form joint venture
  • Lithuanian company augmenting fleet
  • McClain's new MD job still in Houston
  • Optimistic outlook for Asia's breakbulk business
  • New Trans Avia Export aircraft flies to Ecuador
  • Cooperation renewed in UK
  • Longer, heavier trains between Narrabri and Moree
  • Box downturn continuing in Hong Kong
  • More space for Coscon Vienna
  • Nahco implements Galaxy ground handling system
  • Intralogistics specialist opens office in Netherlands
  • Jumbo trains to deliver aggregates
  • TAAG leases freighter for weekly service to Angola
  • Arkas upgrading East Med/Black Sea service
  • NCT manager recruited from company's own ranks

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IHS Maritimeweb site
JUNE 8, 2016
  • US lawmaker seeks Jones Act relief for Puerto Rico
  • The downside of India's ambitious waterway development programme
  • South Korea's finance and strategy minister Yoo Il-ho
  • 'Game-changing' LR approval for LNG bunkering vessel
  • Banks push for Marenave fleet sale
  • DSME submits revised self-rescue plan
  • Stolt-Nielsen contemplates krone bond issue
  • Sembcorp Marine and NADL extend standstill agreement for rig
  • HHI to implement USD3 billion management improvement plan
  • Seoul courts approve STX O&S rehabilitation
  • Major shift in LNG trade flows over next five years, predicts IEA
  • Posidonia 2016: Complications of being listed outweigh the advantages, says Louis Dreyfus
  • H-Energy to order India's first offshore LNG terminal in 2016
  • CIMC Raffles slashes workforce, salaries as orders vanish
  • Landbridge Group eyes more investments in northern Australia
  • Huangpu Wenchong Shipyard chases order for six dual-fuel feeders

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The Loadstarweb site
JUNE 8, 2016
  • G6 takes shipper fears on board and phases-out HMM ships from Asia-Europe trades
  • Bad news for Port Klang as CMA CGM signs up for container terminal JV with PSA at Singapore
  • Maersk says EC should be 'more realistic' in its guidelines for greener ship scrapping
  • Cathay-Lufthansa air freight JV illustrates growing role of Gulf airlines
  • Mumbai Airport sees cargo volumes take off on e-commerce business
  • How hipsters and millennials will bring down global trade

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Marine Logweb site
JUNE 8, 2016
  • Damen introduces new naval auxiliary vessel series
  • Paris MOU issues new performance lists
  • EPF 7 completes acceptance trials
  • JMS-designed stevedoring barge delivered
  • Amendment to Puerto Rico bill threatens Jones Act
  • Hyundai Heavy unveils $3 billion restructuring plan
  • CSAV exec indicted in RO/RO antitrust case

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World Wide Shipperweb site
JUNE 8, 2016
  • Port Angeles Port Commissioners schedule Executive Director interviews
  • Freight Transportation Services Index climbs during month of March
  • McClain named director of Braemar Engineering
  • Oregon Governor names Alexander to Port of Portland Commission post
  • US rail freight traffic totals continue down during week

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Lloyd's Listweb site
JUNE 8, 2016
  • Panamax rates continue to ease
    Spot activity drops as holidays and big shipping event take players out of market
  • Insurance industry 'schizophrenic on Brexit', argues Tory MP
    Professionals voting to stay despite no faith in EU, argues Kwasi Kwarteng
  • Maersk Line hopes to benefit as rivals regroup
    Container shipping industry now in better shape but Søren Skou says some lines will have to make tough decisions about their future
  • Korean shipping lines need more government support, says KSA chairman
    KDB might think whether to merge HMM and Hanjin after restructurings are completed
  • Getting to grips with cyber security
    Industry takes action to secure assets from digital threats
  • UK Chamber of Shipping calls for government support on maritime jobs
    Cadets and seafarers in offshore support sector would need help, Henderson says
  • MR rates return to pre-boom levels
    Weaker naphtha flows from the west hurt LR rates
  • Rina looks to capital markets to continue growth
    No risk of compromise from financial investors, chairman Ugo Salerno says
  • Launch of Middle East and Indian Subcontinent Awards in Dubai
    With four regional and one global awards, and categories that span the whole industry, we think the Lloyd's List Awards portfolio is the industry's benchmark of excellence
  • Angola LNG's ships come home to roost
    Seven-strong fleet heading home to Angola as global gas trade changes
  • Asia-Europe traffic continues recovery
    Box numbers on the trade were up 6.4% over last year in April, in what was the busiest month of 2016 so far for global containerised trade
  • Hong Kong eyes co-operation with Greece in maritime service cluster
    New maritime and port board has set ambitious goals but more still needs to be done
  • Ambitions to grow Port of Rotterdam
    Dutch port needs to retain status as Europe's biggest as Antwerp closes in on containers
  • Angelicoussis to the rescue with $1bn of good news for DSME
    Greek owner contracts up to four new VLCCS and four new LNG carriers from favoured Korean builder as its offices are raided by South Korean authorities
  • Asia-north Europe rates down nearly 14%
    Meanwhile freight rate woes on the transpacific trade only worsen
  • South Korean authorities unveil plan to support KDB and Kexim
    Both policy banks have biggest stakes in restructuring the ailing shipping lines and shipbuilders
  • Hyundai Heavy Industries to cut $780m from wage bill in two-year restructuring plan
    Announcement comes after plan approved by creditors
  • DSME's offices raided by South Korean authorities
    Update: Creditors led by KDB are likely to approve the company's restructuring plans
  • Hyundai Merchant Marine to ease liquidity crunch with $2.2bn share issue
    Issue of 236m new shares expected to take place on July 22
  • Ardmore Shipping to acquire six tankers for $172.5m
    Company launches secondary offering of 7.5m shares targeting 40% equity financing

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The Journal of Commerceweb site
JUNE 8, 2016
  • Another carrier puts a price on shippers' non-compliance with new VGM rules
  • Long Beach port deploys fireboat in case of mega-ship fires
  • Largest Seattle terminal will not generate VGM data for shippers
  • Virginia terminal closed to inbound trucks after 'IT issue'
  • Bill exempting Puerto Rico from Jones Act ignites old battles
  • OOCL to charge shippers steep price for SOLAS weighing aid
  • Another executive indicted in ro-ro antitrust case
  • Trans-Pacific carriers recalibrating capacity ahead of peak season
  • Brazil container terminals finalizing SOLAS pricing
  • Latin America offers growth for US polyethylene exports
  • Deeper harbor pursuit by New Zealand's Wellington port questioned
  • Indian container volume rising, set to accelerate
  • Some, but not all, Canadian container terminals detail SOLAS policies

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TradeWindsweb site
JUNE 8, 2016
  • Atlantic MR rate swoons to 21-month low
    Spot earnings sink 12.4% so far this week amid French strikes and US Gulf tonnage buildup.
  • Ocean Yield sets targets for $350m campaign
    Norwegian financial shipowner aiming to grow through buys in tanker, container and gas sectors.
  • IEA sees tepid LNG demand growth to 2021
    Forecasting agency says Asia's developing nations will be the main growth driver.
  • Petrobras aims to sell LNG terminal duo
    Pair of facilities, which utilise chartered FSRUs, are next sale targets in asset selloff.
  • Heidmar pulls court move against Tesoro
    US tanker operator dismisses civil petition in New York after refiner agrees to arbitration over demurrage claim.
  • Official: Iranian LPG not going to Japan
    Official says difficulties in insurance, not lack of demand, hampering trade.
  • NCL extends $1.8bn of loans
    US cruiseship group stretches maturity of two facilities by three years.
  • DryShips raises $5m in securities sale
    Economou bulker owner could boost this to $10m if warrants are exercised.
  • Ardmore prices offering to raise $77m
    Ireland-based owner selling discounted stock to fund MR fleet purchase.
  • Henderson calls on UK to support maritime jobs
    Chamber of Shipping president says seafarer training has to be funded in downturn.
  • Bollore lines up $490m Dili investment
    French group prepares to run East Timor terminal over 30 years.
  • Frontline exits MR ownership with Ardmore sale
    John Fredriksen understood to be the seller of products tanker fleet to New York-quoted rival.
  • Maran breaks cover on $1bn newbuildings
    John Angelicoussis bags LNG carriers and VLCCs at favoured yard
  • EA Technique swallows tug operator
    Malaysian owner expands towage operation with deal for Libra Perfex Precision.
  • Stolt-Nielsen banks $130m through bond-tap
    Oslo-listed owner completes fundraising by increasing four existing issues.
  • HMM to issue shares worth $2.1bn to settle debts
    Equity-swap plan leads to stock price crash as shipowner's investors worry about dilution.
  • Lloyd Fonds resumes dividend payments
    German shipping asset manager to reward shareholders after third year of profits.
  • Samsung Heavy considers rights offering
    But struggling shipyard has not yet decided on timing and value.
  • DSME offices raided in probe into former bosses
    Jung Sung-leep-led shipbuilder's Geoje and Seoul premises searched by prosecutors after audit committee requested investigation into alleged misconduct by ex-CEOs.
  • OSG shares heading to NYSE
    US tanker owner also plots stock split as it shifts exchanges.
  • South Korea steps in with $9.5bn bail-out fund
    Government and Bank of Korea making emergency cash available to lenders financing troubled shipyards and shipowners.
  • Bremer Landesbank plots capital boost
    German shipping lender considers securities sale to cover bad loans.
  • CSAV man charged over US ro-ro price fixing
    Chilean is eight executive to be charged to date in Department of Justice investigation.
  • Hyundai Heavy Industries unveils restructuring plan
    World's largest shipbuilder looks to offload numerous company assets and cut staff salaries.
  • Ardmore's MR buys get thumbs up from Mehrotra
    Deutsche Bank says deal will lower average age and breakeven costs and expand product tanker presence.
  • Siemens selects Swire Blue Ocean for BOWL project
    Scottish deal sees wind farm installation vessel firm boost ties with German energy company.
  • Otto Marine privatization bid could be first of many
    Trough valuations and dominant shareholders with major stakes may prompt wave of delistings.

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American Shipperweb site
JUNE 8, 2016
  • China's exports stabilize, while imports hint at improving demand
  • Massive restructuring plan for Korea shipbuilders, shipping companies
  • Chinese construction firm to purchase Frankfurt Hahn Airport
  • Rep. Gary Palmer proposes measure to exempt Puerto Rico from Jones Act
  • GM: Duty management automation shines light on opportunities
  • CBP deputy outlines progress on modernization effort
  • UASC becomes latest carrier to commit to INTTRA eVGM
  • Executive Moves: PECO, Union Pacific and CenterPoint
  • DP World wins concession for greenfield port in Ecuador
  • COSCOCS rebrands bulk division, appoints new president
  • CSAV executive indicted for price fixing, bid rigging

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The Bunker Bulletinweb site
JUNE 8, 2016
  • Hamburg bunker fuel attracts premium in short market: sources
  • Japan to start discussions on LNG bunkering station at Yokohama port
    Group will try to conclude talks by year end.
  • S Korea's Hyundai Heavy Industries announces $3 bil improvement plan
    HHI swung to a profit of Won 325.2 billion in Q1, ending 9Qs losing streak.
  • Shipping industry companies team up to develop LNG-powered dry bulk carrier
    Designed for full-range operations.
  • US EIA projects highest natural gas storage levels on record for 2016
    Working gas storage stocks totaled 2.907 Tcf in the week that ended May 27, roughly 32% above a year ago
  • Trafigura sees H1 profit fall despite record oil trading volumes
    The global trader's oil and petroleum business posted a gross profit of $787 million, down 22%.
  • LNG breakbulk facility planned at Port of Barcelona
    Enagas, the operator of the LNG import terminal, will be working jointly with the port authority to develop the breakbulk service.
  • NYMEX crude settles above $50/b on support from falling dollar
    NYMEX July crude settled up 67 cents at $50.36/b. ICE August Brent settled up 89 cents at $51.44/b, the highest level for the front-month contract since October.
  • LSFO Med-North, hi-lo spreads widen on tight supply in Mediterranean
    The physical Med-North cargo spread widened to $13/mt Monday, its highest since November 20, according to S&P Global Platts data.




Vincenzo Miele


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