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22 September 2021 The on-line newspaper devoted to the world of transports 15:43 GMT+2

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The Business Timesweb site
MARCH 1, 2012
Shipping News
  • Court okays General Maritime revamp
    General Maritime Corp, the second-largest US owner of oil tankers, won provisional court approval to reorganise even as a bankruptcy judge told creditors to prepare their evidence for an expected fight over final approval of a Chapter 11 plan.
  • Pirates rob crew, kidnap captain and chief engineer
    Armed pirates opened fire on a cargo ship in an attack off the Nigerian coast, kidnapping the captain and chief engineer and robbing the crew before escaping, a maritime watchdog said yesterday.
  • Officers of ship that hit NZ reef plead guilty
    The captain and the navigating officer of a cargo ship that ran aground on a New Zealand reef last year pleaded guilty yesterday to mishandling the vessel and altering ship documents.

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Sched Netweb site
MARCH 1, 2012
  • MSC to increase Asia-Europe eastbound rate US$400/TEU from April 1
  • Maersk North Asia CEO expects hard bargaining before higher rates stick
  • Once restricted to 6,500-TEU, Savannah Port docks 9,200-TEU MSC Roma
  • Hunan January freight declines overall, but road volume soars 18.2pc
  • Samudera 2011 profit grows 33.8pc to US$12.6 million
  • Bangladesh 2011 export growth reflects price increases on modest volumes
  • Dubai freight rates stagnation blamed on supply and demand balance
  • Cargojet's profits dive in fourth quarter
  • Delhi spots irregularities, tells Air India to stop sale of 6 freighters
  • Turkey restricts Israel's 'dangerous' air cargo because of Gaza blockade
  • Barloworld Logistics stands ready to meet China shippers goals in Africa
  • Baotou-Xi'an-Haikou flight service launched

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Exim Indiaweb site
MARCH 1, 2012
  • Gateway Group hosts trade party in Mumbai
  • ICS cautions against any move to ban ransom payments to pirates
  • Maersk Line cuts Asia-Europe trade capacity
  • Ron Widdows to take over from Jan Steffens as CEO of Rickmers Holding & Rickmers-Linie
  • Negative trade list with India to be made public soon: Pak
  • India slips to 4th spot on world economic confidence list
  • Values & role models

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International Transport Journalweb site
FEBRUARY 29, 2012
  • IRU addresses increasing liabilities for road transport operators
    The recent 9th IRU Symposium of Lawyers on the «Evolution of contractual relations in road transport» highlighted the current enforcement pitfalls and proposed best practices to ad...
  • MSC to increase rates in Asia-USA/Canada trade
    The Geneva (Switzerland)-based carrier Mediterranean Shipping Company (MSC) is increasing its eastbound rates in the Asia-USA/Canada trade by USD 240/teu, USD 300/feu and USD ...
  • Man Latin America continues to top Brazilian market
    MAN Latin America is once again Brazil's market leader for trucks of 5 t and over. 2011 was the best year in the vehicle manufacturer's history. MAN Latin America sold a total of 7...
  • Transports Pedretti opens new branch office in France
    The French transport and logistics company Transports Pedretti recently commenced operations at a new branch office in Buchères, southwest of Troyes (France). The new distribution ...
  • Transaero enters Armenian market
    Starting today, 29 February, the Russian carrier Transaero is introducing a service to Armenia. The Moscow Domodedovo-Yerevan link will be operated four times a week initially, the...
  • Fesco about to complete consolidation of Vladivostok Commercial Sea Port (VMTP)
    The board of directors of the Russian company Fesco recently approved the possible acquisition of up to a 100% stake in ZAO Transportnaya Companiya. Once this transaction and sever...
  • GLS Netherlands now AEO certified
    GLS Netherlands was recently granted the AEO certificate "customs simplifications". The parcel, freight and logistics service provider has been accepted as an authorized economic o...
  • 30 locomotives for Kansas City Southern Railway
    US transportation secretary Ray LaHood announced a USD 54.6 million loan to Kansas City Southern Railway Company (KCSR) for the purchase of 30 new General Electric ES44AC locomotiv...
  • VTG continues on path of controlled growth in 2011
    Hamburg (Germany)-based VTG Aktiengesellschaft, one of Europe's leading wagon hire and rail logistics companies, reported that railfreight transport in Germany grew by 5.1% in 2011...
  • New office in Timor-Leste for ISS
    Maritime services provider Inchcape Shipping Services (ISS) has opened an office in Timor-Leste. The new office, which is located in Dili, will include marine and offshore agency, ...
  • Sogaris: new director for logistics properties
    The French company Sogaris has chosen Christophe Ripert as director of the group's logistics real estate. The newly created position pools the formerly independent real estate proj...
  • Azkar phases in new terminal in Jaén
    The Spanish transport and logistics company Azkar is expanding its service range on the Iberian peninsula. The firm recently phased in a distribution platform with a working area o...
  • Centurion Cargo appoints Globe Air Cargo in Germany to market maindeck capacity to Latin America
    Globe Air Cargo, part of the ECS Group, has won a general sales agency contract for Miami FL (USA)-based Centurion Cargo, a privately-owned company founded in 2001. Under the terms...
  • AAT Mobile available in android market too
    Hong Kong's Asia Airfreight Terminal Co Ltd (AAT) announced that its mobile application - AAT Mobile is now available for download in the android market. Airlines, cargo agents and...

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Marine Logweb site
FEBRUARY 29, 2012
  • Damen delivers its first tug to be Argentinian owned
  • GEA Westfalia BWT meets IMO requirements
  • DNV to carry out operations through three separate companies
  • Royal Caribbean to build second 4,100 passenger cruise ship at Meyer Werft
  • Coast Guard detains bulker master who failed breathalyzer test

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World Wide Shipperweb site
FEBRUARY 29, 2012
  • CG apprehends ship captain suspected of being intoxicated
  • Seattle Port Commissioners give 'outstanding' rating to CEO
  • Washington agencies schedule annual regional contracting forum
  • New Navy tug loaded at Port of Tacoma terminal
  • Trucking group files brief backing electronic logging gear

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Lloyd's Listweb site
FEBRUARY 29, 2012
  • The private security firms behind Somalia's pirate armies
    Gulf governments fund two new counter-piracy police forces set to operate inside Somalia
  • Shipping sidelined at Somalia conference
    Moves to ban ransoms put lives at risk in debate that sidelined seafarers
  • Indian sovereign guarantee in face of Iranian sanctions will shake P&I system
    Industry fears that China will follow suit
  • Iranian crude exports to India in January surge
    Import volumes two-thirds higher than average monthly levels in 2011
  • Mine expansion could secure new ore volumes for Canada's Port Cartier
    ArcelorMittal mulls plan to raise Mary River output to 50m tonnes a year
  • Devil in the detail
    Analysts' small print tables of financial ratios are excruciatingly dull stuff, but the chart on page 29 of Nomura's report Banks' Shipping Problems comes as something of a surprise
  • Agents of change
    Smart shipowners see maritime service providers as a secret weapon
  • Shipping debt to equity ratios top 1,000%
    Loss given default yardstick also high, says Nomura analysis
  • Flood of offers for ExxonMobil cargo as Middle East VLCC glut persists
    High bunker costs shave $1,000 per day off earnings on benchmark route to Asia
  • Q&A: Clyde & Co shipping partner John Keough
    The appeal of varied and complex US cases
  • Brightoil eyes expansion into LNG
    Company's new gas projects spur LNG interest and desire to be a 'leading global energy conglomerate'
  • OSG ponders vessel sales to raise cash
    'Multiple options' include asset sell-off, says Artzen
  • Jason waits on creditors' solution
    Stripped down Eitzen Group remains on verge of insolvency
  • Inchcape Shipping swings axe to clear away layers of bureaucracy
    Parent company prepared to back acquisitions after postponing sale plans
  • Baltic Exchange to report Asian supramax rates at 1300 local time
    Midday publishing in Singapore reflects shift of chartering activity to the Pacific region
  • Rising post-panamax boxship charter rates bring new hope to markets
    A handful of fixtures at healthier prices boost owner and broker morale
  • Royal Caribbean exercises €700m Sunshine-class option at Meyer Werft
    New generation cruiseship to be delivered in spring 2015
  • HMD wins $250m four-tanker order
    Kuwait to receive vessels by end-August 2014
  • Nigerian pirates take hostages from vessel for first time
    One crew member missing as violent attack on reefer Breiz Klipper is region's seventh incident in two months
  • South Korea's big three yards to see growth in orders this year
    Analyst expects recovery due to demand for LNG carriers, offshore vessels and drillships
  • Stricken Costa Allegra will dock in Mahé tomorrow
    Costa Cruises flies team to Seychelles to meet passengers in port
  • Vopak profit rises on 'geographical imbalances' in oil supply
    Demand for chemicals storage and handling in 2011 was encouraging, says company
  • NOCC knocked back by low charter rates
    Delivery of newbuilding and two secondhand vessels expected in year
  • Dublin Port launches $403m masterplan
    30-year expansion blueprint will double throughput to 60m tonnes
  • Japan P&I Club announces 10% unbudgeted supplementary call
    Group holds fire on proposed $103m subordinated loan
  • General Maritime Chapter 11 reorganisation plan back on track
    But bondholders given another opportunity to object to Oaktree rescue 'on any and all grounds' prior to April confirmation
  • Rena master and second officer face jail terms
    Sentencing due in May over boxship grounding and oil spill

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Fairplayweb site
FEBRUARY 29, 2012
  • PEMEX exports stabilise
    MEXICAN oil giant PEMEX has reported only a small drop in exports for 2011, as volumes stabilised after previous years' sharp declines
  • Pirates take two hostages
    A PIRATE attack on a reefer ship anchored off Nigeria spurred a maritime security alert from GAC today
  • Seadrill's quarter profits deflated
    LOSSES on the financial derivatives markets cut deep into the net profits of Seadrill in 2011's final quarter
  • Drybulk port snarls ease
    DRYBULK port congestion is continuing to ease, with vessel queues dropping in Australian and Brazilian harbours
  • US nabs drunken master
    A BULKER captain has been detained in Oregon after US government officials determined that he was intoxicated
  • Pakistan nears open access with India
    PAKISTAN took the bold step today of increasing the number of goods tradable with India - much of it by sea ' by more than 6,000 items
  • Nhava Sheva terminal rates cut 44%
    INDIA'S Tariff Authority for Major Ports has cut rates by 44% at the third box terminal at Nhava Sheva
  • Caspian fire kills mariner
    A BLAZE that broke out on a tanker as it set off into the Caspian Sea killed one seafarer and injured three, Russian regional rescue services said today
  • Asian Panamax rates rise
    PANAMAX bulker rates have risen in Asia, with the grain season in EC South America attracting ballasters from the Pacific
  • US seen as future major coal exporter
    THE US could emerge as a major coal supplier amid changing supply and demand patterns, a coal conference heard today
  • Golar LNG raises $250M
    GOLAR LNG said today it has raised $250M in five-year convertible bonds
  • Asia, GoM chem rates diverge
    CHEMICAL rates are moving in opposite directions in the Gulf of Mexico and Asia
  • Höegh's losses deepen
    NORWAY'S Höegh LNG today reported deeper losses for both the final quarter and full-year 2011
  • Reef dredge plan defended
    AUSTRALIA's Great Barrier Reef Marine Park Authority told IHS Fairplay that a plan to charge a fee to dispose of dredging material would not raise how much of it is dumped in the refuge
  • Maybulk's profits dive 61%
    MAYBULK'S 2011 net profits dived 61% year on year to 91.3M ringgit ($30.4M)

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The Journal of Commerceweb site
FEBRUARY 29, 2012
  • Jones Act Carriers on Alert to Tap US Oil Reserve
    Jones Act carriers say they are ready to haul oil from the Strategic Petroleum Reserve if President Obama decides to...
  • Hyundai Hikes North America-Latin America Rates
    Hyundai Merchant Marine plans a general rate increase effective April 15 for shipments from the U.S. and Canada to Argentina,...
  • Grounded Jade Cargo Gains Restructuring Aid
    Jade Cargo this week came a step closer to taking to the air again after its owners agreed to work...
  • De Well to Sell Ocean Capacity via JOC Exchange
    Logistics provider De Well Group plans to market and sell ocean container capacity available through the JOC Exchange, an online...
  • Truckload Capacity Drops 1.1 Percent, Survey Shows
    Capacity at a group of six large truckload carriers slipped 0.7 percent in the fourth quarter from the previous quarter...
  • Global Air Cargo Traffic Stabilized in January, IATA Says
    International air cargo traffic has stabilized after a year-long slump despite an 8.1 decline in January volume, which was caused...
  • Damco Profit Jumped 29 Percent in 2011
    Damco, the logistics and forwarding unit of A.P. Moller-Maersk, posted a 29 percent increase in profit last year as revenue...
  • British Airways, Iberia Boost Cargo Revenue 8.6 Percent
    International Airlines Group's freight revenue in 2011 grew 8.6 percent from a year ago to $1.6 billion, as the Anglo-Spanish...
  • US Economy Grew 3 Percent in Fourth Quarter
    The U.S. economy expanded at a 3 percent annual rate in the last quarter of 2011, topping the previous estimate...
  • Hong Kong Airlines Stops Dolphin Transport
    Hong Kong Airlines has bowed to pressure from customers and animal welfare groups to stop transporting live dolphins. ...
  • MSC Joins Maersk to Push Second Asia-Europe Rate Hike
    Mediterranean Shipping became the second carrier after Maersk Line to announce a second rate hike this year of $400 per...
  • Heated ILA Negotiations Could Push Cargo to West Coast
    West Coast ports could see a diversion of cargo from East and Gulf Coast ports this year if contract talks...
  • Eastbound Trans-Pacific Spot Rates Slip 1.8 Percent
    Average eastbound trans-Pacific spot rates fell 1.8 percent this week, as slack seasonal demand further undermined the rate increase that...

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Containerisation Internationalweb site
FEBRUARY 29, 2012
  • Star Cool makes CA 'more affordable'
    At least that is what Anders Holm, an executive in Maersk Container Industry's sales and marketing department, claims. He was referring to the company's decision ...
  • WTSA launches new rate increases
    Shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a round of dry cargo rate increases, which they said was part of their ...
  • Ocean carriers thrown crumbs of hope
    Philippe Hoehlinger's latest macro-economic report on the container shipping industry reveals that global cargo growth in 2012 will be less than last year, but ...
  • Vancouver's 2011 volumes boosted by exports
    Canada's Port Metro Vancouver has seen its container volumes grow year-on-year for 2011 - boosted by exports aimed at the Asia Pacific.Overall laden volumes climbed ...
  • APM T continues to refocus its inland services division
    APM Terminals (APM T) will continue to reshape its inland services in the interest of improving the customer experience and raising margins, according to Km Fejfer, ...
  • ATA 'not surprised' by truck tonnage decline
    A month-on-month fall of 4% on freight tonnage carried by truck in the US in January has 'not surprised' the American Truck Association's chief economist, Bob Costello, ...
  • Grindrod earnings weaken in 2011
    Grindrod, the Durban (South Africa)-based shipping, freight services and trading group, saw net profit ease by 11.4% to ZAR845.1(USD112) million in its 2011 fiscal ...
  • Rena officers plead guilty, face long jail term
    The master and the second officer of the MSC-operated boxship Rena, pleaded guilty in the Tauranga District Court today to 10 out of the 11 charges laid against ...
  • MSC follows Maersk with April 1, Asia - Europe GRI
    Arguably the biggest threat to Maersk Line's recently declared new move 'towards profitability ahead of further market share gain' strategy, Geneva-headquartered ...

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TradeWindsweb site
FEBRUARY 29, 2012
  • Do you trade with Iran?
    Holland & Knight attorney untangles complex web of US sanctions as shipping takes centre stage in Washington.
  • Courage under fire
    Singapore-listed shipowner sings bulker market blues as fourth quarter revenue falls 53%.
  • Tarot trumps top minds
    Shipping's brightest no match for one young broker and his fortune teller.
  • Viking Supply to raid Oslo
    TransAtlantic's offshore arm seeks up to NOK 750m as it joins Norwegian bond fray.
  • Latvian cuts back losses
    Riga-based owner sees hope for products tankers as it slashes annual deficit.
  • Polarcus sees turnaround
    Fleet expansion helps Rolf Ronningen-led seismic owner to cut fourth quarter deficit.
  • RCCL doubles down
    US cruiseship giant poised to splash EUR 700m on second Sunshine-class unit in Germany.
  • SinOceanic fails to finance
    Hyundai boxship delivery delayed as Norwegian owner's Chinese backer comes up short on loan cash.
  • HUBLine profit chopped
    Dennis Ling-led Malaysian boxship and bulker owner hurt by falling coal volumes in 2011.
  • DESSC pens two more
    African double takes the Oslo-listed firm's tally of long-term fixtures this year to nine.
  • Zafiro returns to Nigeria
    Monaco-based subsea owner's diving support vessel to take up new job for an old client.
  • Uggla takes Svitzer reins
    Maersk Mc-Kinney Moller's grandson appointed CEO of Danish group's towage and salvage arm.
  • GOS inks Brazil charter
    Bombay-listed owner nets another term deal in South America for an offshore support vessel.
  • Troublesome pair hurt NOCC
    Oslo-listed owner blames lay-up of short-sea vessel and poor earnings from its sister for fall in fourth quarter income.
  • Costly year for RCL
    Asian container line struggled with higher operating expenses in 2011 as profit turned to loss.
  • Global Carriers slashes loss
    Malaysian tanker owner enjoyed higher revenue in 2011 as utilisation increased.

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American Shipper - Ocean newsweb site
FEBRUARY 29, 2012
  • Maersk, CMA long TP3/TP9/Columbus loop slows
  • WTSA seeks to raise rates, collect bunker
  • APMT fights rate cut in Nhava Sheva
  • Evergreen joins South America service
  • Obama creates trade enforcement unit
  • BIS blocks shipper's lubricating oil exports
  • ChemLogix appoints international sales manager
  • Grains Council puts exports information on Web
  • XPO's Charlotte branch to bring 200 jobs
  • IES picks up Columbia Logistics for its eCellerate platform

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The Bunker Bulletinweb site
FEBRUARY 29, 2012
  • Spurring action for biodiesel
    Renewable Energy Group releases an-easy-to-use platform to contact state or federal elected officials.
  • Crude falls on high inventory supplies
    Crude inventories at five-month high.
  • Momentum building for Bahamas CO2 reduction proposal
    MEPC 63 considers raft of very different MBM proposals but only one deemed ready for inclusion in impact assessment.
  • Khalifa Port to open this year
    Port to develop bunkering facilities.
  • IFO prices falling in Fujairah
    Prices lack direction in South Africa.
  • Prices soften in European bunker markets
    Rotterdam players report good avails.
  • Polar Code: IMO 'just needs more time'
    Spokesperson denies claims that non-polar states and industry lobby groups are behind the latest delay.
  • Singapore sales 'dip' as differentials narrow
    Players report fewer vessels making 'bunker only calls.'
  • Bunker prices falling in Asia
    Mixed demand at Asian bunkering hubs on Wednesday.
  • OSG plunges deeper into the red in 2011
    Losses in international crude segment due to fleet overcapacity and higher bunker prices.
  • Cosco clinches contracts for seven 'fuel efficient' newbuilds
    Cosco estimates to gain around $190 million from the newbuilding contracts.
  • Rena officers plead guilty to multiple charges
    Ship master pleads guilty to all six charges laid against him, second officer pleads guilty to four offenses.
  • Chinese shipyard delivers new fuel efficient Ultra-max bulker
    Sinopacific's Crown 63 capable of reducing fuel consumption by 13%.
  • Shipping industry 'totally opposed' to inclusion in ETS
    Shippers already adopting EDDI and SEEMP to limit emissions, says ICS.
  • Fuel removal from Costa Concordia resumes
    Crane barge Meloria and bunker tanker Magic Duba repositioned alongside Costa Concordia

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