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27 September 2021 The on-line newspaper devoted to the world of transports 17:51 GMT+2




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The Business Timesweb site
APRIL 24, 2009
Shipping News
  • Boat Asia show features 18% more vessels
    Marina at Keppel Bay's partnership with Boat Asia show organiser TMX Show Productions has proved to be a successful one, with the major regional boat show returning to the prime waterfront venue for the second year in a row.
  • China Cosco to delay ship orders after H2 loss
    China Cosco, the world's largest dry bulk shipper, posted a bigger-than-expected second-half loss and said it was in talks to delay or cancel some new ship orders to help weather the market downturn.

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Sched Netweb site
APRIL 24, 2009
  • Cosco 2008 earnings drop 40pc as revenues rise 16.6pc
  • China Cosco seeks to cancel or delay ship deliveries
  • DHL signs Shenzhen DC deal with China Merchants
  • Cross-strait box trade soars four-fold plus, costs drop 15-30pc
  • LA-Long Beach eco-schemes risk losing ships and shippers
  • CN names CFO to replace Harrison as CEO from January
  • Port of St Petersburg posts 24pc profit increase in 2008
  • Hamburg docks biggest ever ship, 11,000-TEU CMA CGM Andromeda
  • Continental loses US$136 million in first quarter as revenues fall 17pc
  • Boeing still going strong despite 50pc quarterly profit fall
  • IATA: Worst over, but recovery steep and long climb
  • Aeroflot ends 20-year history in Ireland with flight suspension
  • Forward Air faces first quarter loss of US$3.1 million
  • Worldwide Flight Services biggest Orly operator with Tunis Air deal

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Exim Indiaweb site
APRIL 24, 2009
  • Persian oil tanker rates may rise as owners refuse unprofitable cargoes
  • ABB helps face shipping crisis
  • No slowdown seen in shipbuilding & repairs in Middle East
  • 260 newbuilding orders cancelled
  • Laid-up ships increase to 42
  • Mayur C. Contractor passes away
  • Bunker providers-the lifeline of maritime giants
  • Cement exports contract to 8-yr low
  • 20 pc safeguard duty imposed on Chinese soda ash
  • Chinese tyres just keep rolling in
  • Gems & jewellery exports glitter amidst global gloom
  • India & Syria modify DTAA to provide for source-based taxation of capital gains in share sales
  • GMB's ports poised to lead from front
  • MbPT starts yachting school
  • Economist paints rosier economic hue
  • PM sees 8-9 pc growth after September
  • Tatas begin spadework on SEZ in Chennai
  • India 2nd best market for wealth management-survey
  • BoA may allow more time to start work on SEZ projects
  • RBI to infuse Rs 1.2 lakh cr. into banking system

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International Transport Journalweb site
APRIL 22, 2009
  • Deutsche Post DHL shed some feathers in 2008
    Deutsche Post DHL AG, one of Europe's leading mail carriers, presented its definite (i.e. consolidated) results for fiscal 2008 at its recent annual general meeting....
  • Zufall Logistics Group bucked the trend by boosting turnover in 2008
    Germany's Zufall Logistics Group was able to grow its turnover in financial 2008 by 3.9% to EUR 241.6 million, despite the looming global economic downturn. The medium sized forwar...
  • Geodis Germany moves to LogPark Hamburg
    Geodis Logistics has selected LogPark Hamburg (Germany) as the location of its new distribution centre for northern Europe. Geodis Logistics Germany, a subsidiary of the French rai...
  • DSV's Harwich and Immingham sites achieve ISO 14001 accreditation
    DSV, a global supplier of transport and logistics solutions, has publicized its commitment to reducing its environmental impact by achieving ISO 14001 accreditation for its Ha...
  • Prices for intermodal transport services under increasing pressure too
    A conference entitled 'Price management in intermodal transport', which was held at the St Gallen University (Switzerland), revealed that "the current market situation is having an...

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Maritime Global Netweb site
APRIL 23, 2009
  • PSA says box traffic may have bottomed out
  • Cosco looks to delay newbuildings
  • ITF: "Philippines crew ban reports incorrect"
  • Hebei Spirit officers still on bail after appeal

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Marine Logweb site
APRIL 23, 2009
  • Drydocks World delivers world's largest OCV
  • T&T Bisso salvages drill barge
  • Korea to put $6.4 billion into restructuring struggling shipping industry
  • Busy first quarter for Titan Salvage

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World Wide Shipperweb site
APRIL 23, 2009
  • Port of Seattle set for start of 2009 cruise season
  • Boeing converted freighter delivered to Air China Cargo
  • Border Patrol agents take tips for charity
  • Port of Vancouver, USA already working at Terminal 5
  • Ship management firm slams HEBEI SPIRIT ruling

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Lloyd's Listweb site
APRIL 23, 2009
  • MSC storms back into boxship charter market
    CHAIRMAN Gianluigi Aponte takes full advantage of depressed market conditions to charter large boxships at record low rates.
  • MSC boosts market with post-panamax fixtures spree
  • Monthly Asia car carrier sailings plunge in March
    DRASTIC falls of up to 45% emerge for Asia and US car makers in first quarter data.
  • Cantor Fitzgerald cuts tanker freight rate forecasts
    BANK lowers rate predictions for every segment of the tanker market and forecasts that asset values will drop as well.

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Fairplayweb site
APRIL 23, 2009
  • Koreans overturn Hebei ruling
    SOUTH Korea's supreme court today overturned the sentences and fines handed down to the Hebei Spirit's crew but refused to exonerate the men, who have been in jail for more than a year
  • Tanker stocks graded down
    CANTOR Fitzgerald analyst Natasha Boyden cut her ratings on a list tanker stocks today in reaction to a worsening outlook on fundamentals
  • Fortescue deal advances in Beijing
    CHINESE regulators have formally approved Hunan Valin Iron & Steel's deal to take a 17.33% shareholding in Fortescue Metals of Australia
  • Sietas locks horns with unions
    MANAGEMENT at Germany's JJ Sietas Shipyard is pressing for a reduction of its 880-strong shipbuilding workforce by one-third under a rescue plan for the group
  • Lifeline for Spanish yards
    MADRID today approved a €200M ($261M) credit line for small and medium-sized private yards to ensure that current orders are completed
  • Seoul unveils $3Bn shipping fund
    SOUTH Korea plans a government fund to acquire vessels from struggling companies as part of efforts to help industries buffeted by the global recession
  • RCCL expects 'annus horribilis'
    ROYAL Caribbean Cruises chairman Richard Fain affirmed today that vessels will be shifted to better-performing markets, implying a future upside for Caribbean ports

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The Journal of Commerceweb site
APRIL 23, 2009
  • YRC Losses Rise to $257 Million
  • Con-way Loses $154 million in First Quarter
  • Freeman to Leave LA Harbor Board
  • Manhattan Associates Profit Falls in Software Pullback
  • Caterpillar Disappointed in Stimulus
  • Coal Company Cuts Production
  • Old Dominion Profit Dives 62 Percent
  • Bayonne Bridge Replacement Gains Favor
  • Hub Group Profit Plunges 52.6 Percent
  • Union Pacific Revenue, Profit Off Track
  • Canadian Pacific Profit Falls 31 Percent
  • Rail Freight Declines Sharply
  • Import Surge Clogs Nehru Port
  • GATX Profit Slashed 42 Percent
  • South Korea to Buy Ships from Troubled Carriers
  • UPS Freight Profit Takes Hit
  • Horizon Merges with Beacon
  • Retailers Urge Trade Reform
  • UPS Profit Tumbles 55.7 Percent
  • Maersk Makes Sweeping Asia-Europe Changes
  • Maersk Subsidiary Links Russia, South Korea
  • Cargo Screening Offers Profits, Risks
  • Stimulus Funds to Beef Up Border Protection
  • Knight Increases Profit in First Quarter

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Containerisation Internationalweb site
APRIL 23, 2009
  • SCA Transport signs up with GT Nexus
  • MISC opens Jakarta/Middle East direct call
  • Norfolk Southern's profit plummets
  • FMC may appeal against clean trucks ruling
  • Zim to reintroduce calls at Piraeus

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TradeWindsweb site
APRIL 23, 2009
  • Armada impasse
    Deadline set for judicial manager proposal to be developed as Knut Hundhammer invites creditors to join action group.
  • Loan confidence
    After Royal Caribbean scores $1bn for Oasis of the Seas, Richard Fain expresses confidence over Allure of the Seas funding.
  • Q1 'good' for CMB
    Parent of Belgium's Bocimar turns around losses from a year ago to post a first-quarter profit.
  • Tropical growth?
    As Tropical Shipping feels the economic slump, Caribbean liner operator hints it could jump on acquisition opportunities.
  • Tanker ratings hit
    New York's Cantor Fitzgerald issues a sweeping downgrade of US-listed tanker owner stocks.
  • Royal surges
    Cruise line Royal Caribbean sees shares take flight after results beat expectations.
  • Not so bad
    Royal Caribbean reports smaller than expected first quarter loss as bunker and other costs fall.
  • Hebei ruling hit
    V.Ship slams Korean court ruling on Hebei Spirit two as "great disappointment", detention continues.
  • A Noble surprise
    US rig and drillship owner Noble Corp defies demand challenges in the first quarter to beat Wall Street expectations.
  • CSDC slashed
    Li Shaode-led tanker and bulker owner endures torrid start to 2009, with profit chopped 81%.
  • FMG suspended
    Baltic Exchange takes action against Australian mining group Fortescue but is cagey about the cause.
  • Cut in half
    China's GSI yard posts 50% drop in first quarter profit as costs rise and orders fall.
  • NSCSA gets cash
    Saudi owner arranges Islamic loan to fund building of eight tankers in Korea.
  • Frozen out
    Veteran Green Reefers' ship Green Snow sold for $1m profit.
  • Danoosh dented
    Another ship has been badly damaged in a collision off Singapore's increasingly congested waters.
  • Cosco cutting
    Chinese giant may axe some bulker newbuildings as it seeks delays to chartered boxships as profit dives.
  • Greek ship raided
    Armed pirates make off with cash and belongings after boarding of bulker in South China Sea.
  • Hero is villain
    Leaky Hapag-Lloyd boxship held by USCG with long list of faults, while others in hot water over OWS.
  • 'No sacred cows'
    Singapore yard Keppel Corp could slash unprofitable business units as outlook for 2009 not bullish.
  • Seacor surge
    US offshore and tanker player pushes up first quarter profit as revenues jump.
  • BLT bitten
    Indonesian tanker owner's shares take a pounding after it announces dividend cut.
  • Tide trio
    Third accident in two months for Norway's Tide Sjo as ferry in collision with US yacht.
  • Daiichi on downer
    Japanese bulker player expects another JPY 1bn of annual losses as it revises forecast.
  • Rocky rescue
    Small cargoship saved from grounding by rescue boat off Norway.
  • Port rues costs
    Russian Black Sea port of Novorossiysk sees annual profit rise but higher costs erode huge sales gain.
  • The big squeeze
    Sohmen-Pao family ups BW Gas holding to 99.3% and will now squeeze out remaining shareholders.
  • Singapore sinking
    Dramatic pictures as general cargo ship begins taking on water off Singapore's Outer Shoal.

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American Shipperweb site
APRIL 23, 2009
  • COSCO profit slips 40% in 2008
  • Firm offering piracy protection crews
  • Bibby opens new Ukraine training center
  • Delta dumps freighter fleet
  • Management in place for Cargoitalia launch
  • Environtainer names Danckaarts director
  • Hub records sharp 1st quarter profit drop
  • Coalition seeks U.S. trade preferences reform
  • Deployment of ACE entry summary underway
  • Napolitano to visit Europe
  • FMC reviews 2 OTI license applications
  • Charleston tugs switch to cleaner fuel

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The Scandinavian Shipping Gazetteweb site
APRIL 23, 2009
  • Boom for officer education applications in Sweden
    Interest in maritime officer education has reached record levels in Sweden, with far more applicants than available study places. For this year's course start, the Kalmar Maritime Academy has received
  • Russia sentences New Star captain
    The captain of the Chinese-owned freight vessel New Star, the indonesian citizen Nazvir Adi, has been sentenced to three months in prison for border violation, by a Russian court
  • Only sea transport increasing in Russia
    In Russia, all types of transportation are decreasing with the exception of sea transport, which is bucking the trend and increasing. All the different modes of transport transported a total
  • Mærsk hit by piracy on the Internet
    A. P. Møller-Mærsk has been hit by an internet fraud. A false Mærsk website has been offering jobs in the A. P. Møller-Mærsk Group, especially in India, if

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The Bunker Bulletinweb site
APRIL 23, 2009
  • ECA 'not supported by science'
    Chamber of Shipping says 200-mile zone is not justified.
  • European bunker prices stable
    Warnings of congestion reported in Piraeus.
  • Fuel oil inventories dip in ARA
    Players says local refiners are starting to increase asphalt output at the the expense of fuel oil.
  • 30th IBC underway in Oslo
    Bunker conference looks to 2020 and beyond.
  • Cruise line helped by falling fuel costs
    Royal Caribbean says 'relatively low fuel prices' have encouraged it to hedge.
  • Asian bunker prices softening
    Busan players report 'weak' demand.
  • Bunker supplier to open Latin American trading desk
    OW Bunker says new desk will give European clients access to 'expert knowledge'.
  • St. Petersburg Q1 bunker sales down
    March figures offering hope as port recovers from sharp decline in throughput.
  • Singapore residual fuel stocks at 8-week low
    Middle distillate stocks at 8-month low.
  • Shipowners should 'diversify funding sources'
    Traditional Western financiers are being been 'replaced' by Asian sources.
  • Optimum speed 'Dashboard' for tankers
    Slumping freight rates highlight impact of bunker costs.
  • Singapore 380 cst May term premiums dip
    Anticipated tight supplies drag down premiums.
  • Singapore wins Best Seaport in Asia
    Sets record volumes in vessel arrival tonnage, container throughput and bunker sales.
  • Sustainability practices 'important' to shipping
    Shipping's contribution to sustainability has been slowed by 'indecision and short-sightedness'.




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