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31 March 2020 The on-line newspaper devoted to the world of transports 16:07 GMT+2

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Sched Netweb site
APRIL 27, 2017
  • Troubled Yang Ming says trading stops while it seeks recapitalisation
  • Navios Maritime buys Rickmers' 14 box ships for US$113 million
  • Expanded Panama Canal's performance exceeds internal expectations
  • Zim service starts calling at Shenzhen's Da Chan Bay terminals
  • Canadian National Q1 profit up 12pc to US$650 million, revenue rises 12.5pc
  • CMA CGM joins Adani to run Mundra - India's 'biggest' container port
  • Diana Containerships shares downgraded by Zacks to 'hold'
  • Navis TOS helps Port of Newark to handle more boxes without disruption
  • Antwerp expands Asiadok on the Scheldt with new offices and workshops
  • Virgin Atlantic loses 30-year cargo chief in corporate shakeup
  • Hybrid Airships seen rivalling fixed wing planes in air cargo market
  • New temp-controlled warehouse opens at Leipzig-Halle Airport

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Exim Indiaweb site
APRIL 26, 2017
  • APL enhances China-Indonesia trade lane with new China South-East Asia Service 6
  • CMA CGM OTELLO becomes largest container vessel to call Indonesia
  • IRClass boosts presence in South-East Asia by opening office in Malaysia
  • LNG shipping's long-term freight rate outlook seen under pressure
  • OSL Shipping Agencies celebrates two decades of success
  • Adani Ports forms JV with CMA CGM to operate container terminal at Mundra Port
  • HAROPA showcases expertise at Breakbulk Europe in Antwerp
  • PM reviews performance of key infrastructure sectors
  • MACCIA's workshop on export incentives on May 3

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International Transport Journalweb site
APRIL 27, 2017
  • Vulcan wagons converted for special contract
  • European freight volumes rising
  • Prolonged: contract for steel transport by rail
  • Fresh cash and fresh chairman for Tiger Cool Express
  • Laurels for K Line
  • Out today: maps of drone-safe areas and altitudes
  • Uzbekistan: rail electrification proceeding apace
  • Introducing logistics 4.0
  • Mundra CT4 in India ready for megacarriers
  • First milestone at Frankfurt's "speed gate"
  • CMO and CCO for cloud-based technology provider
  • DGL acquires Africa specialist
  • New blocktrain cancelled for lack of trailers
  • No trade flow ebb in sight
  • C.H. Robinson opens offices in Prague and Bucharest
  • AAT obtains Iata pharma certification

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IHS Maritimeweb site
APRIL 26, 2017
  • New bulk player on Wall Street as Saverys' Hunter pulls trigger
  • Marine sector warned over global risk fears
  • New design gas tanker bolsters trans-Atlantic ethane trade
  • Baltic Exchange to launch LNG and container indices
  • Euronav warns freight rates will remain 'challenging' in 2017
  • Hyundai HI's new orders hit three-year high
  • Mundra becomes India's top container port by capacity
  • Transnational companies to render nation-states irrelevant
  • Jurong Port and Oiltanking to build tank terminal in Jurong Island
  • Vale denies talk of more ore carrier orders
  • Demolition prices down again as steel prices head south
  • Frontline offers to buy out combined DHT-BW tanker fleet

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The Loadstarweb site
APRIL 26, 2017
  • 1,700 more redundancies as Japan Post pays the price for costly Toll takeover
  • Ambitious Vietjet eyes freighter fleet as Vietnam's air freight throughput doubles
  • 'Excellent' 2016 result at Cargolux a team effort, says CEO Forson
  • Containership capacity: owners hoping it's the start of improved returns
  • No need for more transhipment hubs in South-east Asia, TOC delegates told
  • Happy 61st birthday: how the humble container changed the world
  • CH Robinson revenue up 11% in first quarter, but intermodal disappoints
  • James Ginns takes over from Simon Large as Cathay Pacific director of cargo

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Marine Logweb site
APRIL 26, 2017
  • Kirby says first quarter results in line with expectations
  • Pirate gets life plus 10 years for role in attack on U.S. Navy ship
  • Saab contracts Polish yard to build ship platform for SIGINT vessel
  • Songa Offshore uses IoT to track assets on Cat D rigs
  • NTSB reports on why bulker was in $4.3 million allision
  • Maersk partners with Microsoft for digital transformation
  • MAN Diesel & Turbo unveils compact SCR for two strokes
  • Blank check company swoops on five Wehr Capes
  • Frontline to DHT: Spit out the poison pills and listen
  • Injured crew members airlifted from Tamar
  • Hyundai Heavy sees order intake surge

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Lloyd's Listweb site
APRIL 26, 2017
  • Panamax bulker earnings down 18% on waning US Gulf-China coal shipments
    Month-long rally comes to an end with "disappointing" Chinese coal demand
  • LR product tanker trades see their bread and butter sliced
    Soft Asian naphtha demand and newbuilding tonnage keep earnings low this quarter
  • Shanghai congested ahead of May rate rises
    Fog and changes in vessel schedules are adding to loading delays, along with increased traffic from the Yangtze river, operators report
  • Future still bright for private independent shipowners
    Shipping market will still be filled with other people's money but private owners have yet to lose their strength, say industry executives
  • Panama Canal gas transits 'surpass all expectations'
    LNG vessel transits to nearly double by 2020, says ACP
  • Weak pricing the new norm for Wärtsilä's marine business
    Challenging market conditions to persist, says engine maker's Roger Holm
  • Euronav's profit tumbles on short-term challenges
    But medium-term fundamentals keep tanker giant buoyant
  • Demolition to slow in 2017 despite pressure to scrap vessels
    Increasing rates putting a halt on scrapping, but new regulations will send ships to recycling yards, says Clarksons Platou
  • Digitalisation 'is just a means to an end'
    New technologies will only work if business processes change, research head warns
  • HHI's $2.3bn in orders is its highest since 2014
    Group reaps rewards of perceived financial stability with shipbuilding enquiries doubling over last year
  • Zombie companies return to shipping
    The spectre of companies being propped up by banks is haunting the industry again, this time in the offshore supply sector
  • Wärtsilä's service focus pays off as marine demand stays soft
    Order intake up 11% in the first quarter, buoyed by services division
  • Carriers join fight against counterfeit goods
    Box lines have a role to play in preventing the other type of piracy
  • Singapore keeps its crown as world's leading maritime city
    City-state beats Hamburg, Oslo, Shanghai and London to top spot and is expected to keep its position in the future
  • Tanker market consolidation absolutely on the agenda, Teekay chief affirms
    Owners still in early stages of adapting to changing trade flows, says Kenneth Hvid
  • Owners need to scrap larger dry bulk vessels for sustained recovery
    Older vessels demolished are negligible in terms of capacity
  • Baltic Exchange revives container index ambitions after SGX acquisition
    Update: New chief executive Mark Jackson also plans to launch LNG freight index and expand FFA offerings
  • Frontline puts new offer for DHT on the table
    Update: DHT says it will respond 'in due course' after Fredriksen company puts the ball back in its court

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The Journal of Commerceweb site
APRIL 26, 2017
  • Solid demand has Asia air cargo posting double-digit rise in volume
  • Maersk, Microsoft team-up to provide demurrage, disruption alerts
  • C.H. Robinson sees truckload rates drop despite volume gain
  • Yang Ming needs millions or market recovery to keep cash flowing
  • Private ports increase pressure on JNPT
  • ITS expands in Ohio Valley to harness intermodal potential
  • Baltic Exchange targets container indices
  • Japanese container trade growth to accelerate
  • Digitized supply chain solutions hinge on carriers

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TradeWindsweb site
APRIL 26, 2017
  • Weak rates put Scorpio Tankers in the red
    But first-quarter loss for tanker owner still better than what analysts' estimated.
  • Involvement in ship leasing by China 'more by chance than design'
    Chinese leasing expert Zhou Ling also claims lessors could exit the sector as quickly as they joined if traditional ship finance makes a return
  • Singapore is 'world's top maritime city'
    Singapore has claimed the top spot in a survey of the world's leading maritime cities, which was conducted by Norwegian research and analysis group Menon Economics. Menon's third biannual "Leading Maritime Capitals" report was launched in Singapore yesterday, putting the Lion City in the number one position, followed by Hamburg, Oslo, Shanghai and London. Using 50 different indicators, and feedb
  • Private shipowners trump public rivals in Singapore debate
    Lemos, Chen and Koo lead the charge for private-sector shipowners - and it is concluded that the best days are far from over for the independent companies
  • Nobu Su shot down in case against Pappas
    Appeals court upholds decision throwing out lawsuit that alleged self dealing against Star Bulk chief executive, directors and shareholders.
  • HSW claims court victory over Grimaldi
    Greece's biggest ferry company says local court finds no evidence of wrongdoing.
  • UK War Risks Club on profitable course
    The United Kingdom Mutual War Risks Association is set to report a profitable year according to AM Best, which has affirmed the insurer's 'A-' rating. The ratings agency forecast a positive operating result and a strong investment performance as it gave an update on the club's financial status. AM Best characterised the club's operating performance as 'adequate' and noted its relatively small sc
  • Exmar and Vopak FSRU deal falls apart
    Eight months after announcing the transaction, two parties call it quits.
  • Frontline pulls plug on lawsuit against DHT
    A day after renewed takeover bid, Frontline dismisses New York case 'with prejudice'.
  • Flex LNG looks to fund newbuildings
    Private placement of shares Oslo-listed gasship owner will pay for two orders at DSME.
  • Hunter strikes deal for Oskar Wehr capes
    Saverys family's blank cheque company makes debut deal for five vessels after IPO.
  • Ferry windows smashed by freak waves
    NorthLink's Hrossey returns to Aberdeen following extreme weather incident.
  • Clarksons calls DHT reply as clock ticks on Frontline offer
    Clarksons Platou Securities believes deal has merit but thinks price may have to rise.
  • PSVs prosper as Norway sells out
    Eight ships booked for North Sea work on Wednesday.
  • K Line crewman died of multiple injuries
    UK inquest reveals Celso Banas hit by debris after January blast on boxship.
  • Sea Asia panellists renew calls for restraint
    Gupta sees signs for optimism but all insist against pushing the newbuilding button
  • Carriers remain optimistic about 2017
    But analyst warns about dangers that overcapacity may return to haunt liner sector.
  • Prosafe wins $53m Statoil floatel charter
    Deal will see Safe Zephyrus working in the Norwegian sector of North Sea.
  • CSSC gets help from construction bank
    Chinese shipbuilder enters into debt-for-equity pact to improve its financing structure.
  • Euronav throws hat into consolidation ring
    Chief financial officer says owner could be in market for fleet transactions as rivals jostle for position.
  • Seadrill scraps $253m of Archer guarantees
    Restructuring Fredriksen company agrees $25m cash payment in deal with US energy company.
  • Injured crew airlifted from Tamar
    Manager Splosna Plovba says cause of fatal blast not yet known.
  • Mitsubishi Heavy lowers profit forecast
    Deterioration in shipbuilding partly to blame for more downbeat annual figure.
  • Wartsila keeps first quarter profit stable
    Marine design and solutions provider remains in the black as it boosts order intake by 11%.
  • Angelopoulos set for return in aframaxes
    Metrostar believed to be closing in on a contract for crude tankers at Daehan.
  • Euronav: 'Orders negative, tanker asset prices at bottom'
    Paddy Rodgers-led owner calls price trough and questions VLCC newbuilding run after strong first quarter figures.
  • Yara posts weaker first quarter profit
    Oslo-listed LPG carrier owner hit by weaker margins in opening period.
  • DHT puts Frontline on hold as tanker takeover epic twists again
    DHT reviews latest bid as analyst asks if "Godfather offer" has arrived or if it's just a case of "Groundhog Day".
  • Jackson sets out Baltic Exchange future strategy
    LNG and container indices planned as exchange boss chooses Singapore to launch bold blueprint under SGX ownership

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American Shipperweb site
APRIL 26, 2017
  • Port of Houston increases tonnage, box volumes in Q1
    The Port of Houston handled close to 10 million tons of cargo during the first quarter of 2017, an 11 percent increase over the same period...
  • Marten Transport speeds past analyst expectations in Q1
    Temperature-sensitive truckload carrier Marten Transport, Ltd. had a net income of $8.2 million for the first quarter of 2017, ticking up 0...
  • Cargolux reports 2016 results
    Cargolux, a Luxembourg-based cargo-dedicated airline, reported a net profit of $5.5 million for 2016, down significantly from the $49 milli...
  • Baltic Exchange plans to expand with container product
    London's Baltic Exchange, which has long compiled indexes for dry bulk and tanker markets, said it has plans to expand its involvement in t...
  • C.H. Robinson increases net income, revenues in Q1
    C.H. Robinson's net income totaled $122.1 million for the first quarter of 2017, according to the company's latest financial statements. T...
  • ITSTL acquires WDS rail terminal assets
    ITS Technologies & Logistics, LLC (ITSTL) has purchased certain rail terminal assets of Cleveland, Ohio-based intermodal services provi...
  • Pennsylvania approves $40m in state funding for rail infrastructure
    The Pennsylvania State Transportation Commission has approved $40 million in state funding for 34 rail infrastructure improvement and maint...
  • NY, NJ lawmakers call for increased federal infrastructure investment
    Federal lawmakers from New York and New Jersey are urging the government to increase investment in transportation infrastructure following ...
  • Port of NY/NJ box volumes slip 1.7% in March
    The Port of New York and New Jersey handled 508,270 TEUs of containerized cargo volumes in March 2017, a 1.7 percent decrease from the same...

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The Bunker Bulletinweb site
APRIL 26, 2017
  • Six vessels docked at Venezuela's CRP awaiting payment for refined products
    Three of the tankers are in Cardon's marine terminal and three are in the Amuay terminal, according to the report.
  • Private independent shipowners to stay: Sea Asia 2017
    Traditional sources of finance for ship orders are drying up as many banks look to improve their lending portfolios and decrease risk, he said.
  • TENDER DATA: Petroecuador sells 1.33 million barrels of fuel oil to Glencore
    Specs & quantity: Seven 190,000 barrel cargoes of maximum 2.5% sulfur fuel
  • External: Wired Bunkering
  • Private independent shipowners to stay: Sea Asia 2017
    However, size matters, and scale allows shipping companies to grow and enter new markets.
  • TANKERS: Frontline sends DHT takeover offer, demands halt of poison pill arrangements
    "Consistent with its fiduciary duties, DHT's Board will evaluate the proposal from Frontline," said Lind.
  • External: Global Risk Management
  • INTERVIEW: Denmark's Hafnia eyes expansion of LR2, MR tanker pools
    "We have a very strong ambition to grow the MR pool globally," Skov said.
  • ANALYSIS: Russia faces balancing act over OPEC/non-OPEC deal extension
    - Output cuts at mature fields hits state budget - Restraining output at current levels may be harder in H2

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