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24 September 2021 The on-line newspaper devoted to the world of transports 23:36 GMT+2

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The Business Timesweb site
MARCH 5, 2012
Shipping News
  • Baltic index's gain smallest in six sessions
    The Baltic Dry Index, a measure of global commodity-shipping costs, gained the least in six sessions on Friday as a surplus of vessels prevented owners from boosting freight rates.
  • IMO set to clash with EU on vessel CO2 emissions
    The International Maritime Organization (IMO) is making little headway on market-based measures to curb carbon dioxide (CO2) emissions from international shipping, putting it on a policy collision course with the European Union, observers said last Saturday.

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Sched Netweb site
MARCH 5, 2012
  • Asia-Europe rates soar 71pc to US$1,412/TEU as transpacific slips 0.8pc
  • CMA CGM ups Asia-Europe rates US$408/TEU, adds 5 surcharges from April
  • New MSC ship accident: 4,437-TEU Carole runs aground on reef off Jakarta
  • OOCL raises rates on southeast Asia-Oz trade US$200/TEU from April
  • Sydney's Port Botany volume increases 2pc to 621,000 TEU in 2011
  • SeaCube box lessor 2011 profit rises 27pc to US$44 million, sales up 23pc
  • Guangzhou and Maoming joins hands on port projects
  • OOCL switches terminals in New York and Le Havre on Atlantic Express loop
  • Bangladeshi exporters lose their Singapore bypass service to China
  • Delhi earmarks US$305 million to dredge Mumbai's JN port to 14 metres
  • Union Pacific CEO Young takes leave for pancreatic cancer treatment
  • Asia Maritime 2012 holds 3-day Singapore conference March 14-16
  • Erratum: Asia-West Africa Trade Agreement GRI notice wrongly dated
  • Evergreen links up with NYK, Hanjin, Hyundai on South America service
  • China Southern experiments with Shanghai-Sydney cargo flight service
  • Royal Jordanian EU carbon tax surcharge unsettles Indian forwarders
  • Changi Budget Terminal closes Sept 25, to be replaced by Terminal 4

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Exim Indiaweb site
MARCH 5, 2012
  • Adoption of global containerised freight e-commerce continues to expand
  • APM Terminals Inland Services inks MoU to start CFS operations in Kochi
  • Capesize charter costs could drop further
  • Govt mulls insurance cover for ships moving Iran oil
  • Lift and Shift achieves an extraordinary high in heavy lift/project cargo transport in India
  • Rear Admiral (retd) Shrawat appointed Mazagon Dock CMD
  • Shippings impact on world oceans well regulated: ICS
  • Tolani Shipping assures full cooperation in investigation into collision incident off Kerala coast
  • Vijay Tanks & Vessels ships colossal storage sphere to Australia
  • Customs duty hike on power gear imports to be announced in Budget
  • Exports increase 10.1 pc in Jan. to $ 25.34 bn
  • Exports to Iran to increase, says Fieo
  • Iran pays Indian exporters in rupees
  • Ministry plans hike in steel import duty
  • ' slips to 3-wk low of 49.50/51
  • EU steps have eased global slowdown threat: IMF
  • Forex reserves zoom to $295 bn
  • Trade deficit nears $ 150 bn
  • India, China plan maritime dialogue to augment trust
  • India's largest zinc sulphate plant inaugurated
  • Combined WWPC power moves 54 wind turbines from Spain to Ethiopia via Djibouti
  • Multitrade Spain manages massive 336 railcar transportation project from Spain to Venezuela
  • Rickmers-Linie expands China coverage

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Marine Logweb site
MARCH 2, 2012
  • Germany's FSG books order for versatile project cargo duo
  • Statoil to invite tenders for a new type of jack-up rig
  • Coast Guard detains Singapore-flagged car carrier

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World Wide Shipperweb site
MARCH 2, 2012
  • Celebration marks arrival of Emirates flights to Sea-Tac
  • U.S. railroads post up/down numbers for week
  • NYK Group earns recognition for 2011 environmental report
  • Olympia Port Commission Oks deal with Lorig Associates
  • Coast Guard taps Seattle native as top reserve enlisted person

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Lloyd's Listweb site
MARCH 2, 2012
  • Shipping defaults could wipe out some banks' equity
    Germans in firing line due to KG exposure
  • SCFI gains a fifth as Asia-Europe box rates soar
    Surge in Shanghai Containerised Freight Index provides further evidence of box lines' success in ramping up westbound rates from Asia
  • Can the Asia-Europe boxlines make spring rates hikes stick?
    Newbuildings threaten further imbalance between supply and demand
  • NYSE to delist Horizon Lines common stock
    Jones Act liner major loses appeal against October suspension notice
  • Petrobras books Euronav ULCC for storage
    Brokers report TI Europe fixed for six months, with options, at just $20,000 a day
  • Optimistic DVB to hike lending in 2012
    Banker worried about shipbuilding capacity and run-down ships
  • Höegh LNG inks 10-year charter with Lithuania for newbuilding regas unit
    Norwegian company says deal will generate $50m a year
  • SISI sees slower growth in global cargo throughput this year
    Lacklustre global economy weighs on sentiment
  • Goldman Sachs and Fredriksen linked to Torm restructuring
    Investment bank tight-lipped over reports of proposed equity deal
  • NewLead opts for one-for-five reverse split
    Greece-based owner moves to regain compliance with Nasdaq rules on minimum bid price
  • Brokers' hopes dashed as capesize rates flatten
    Chinese new year bounce-back proves short-lived
  • Chinese iron ore imports under threat from ramped-up domestic mining
    Mixed signals regarding 2011 demand for foreign iron ore could hit capesize market
  • Lloyd Fonds KG fund in insolvency threat
    Fund seeks fresh capital amid a wave of insolvencies
  • Bashing the bankers
    Defaults are putting lenders under severe stress
  • Lyttleton Port Christchurch defers cruise berth decision
    New Zealand construction costs soar after earthquake
  • MEND offers to negotiate release of crew held by Nigeria pirates
    But expert suggests links between pirates and anti-oil militants
  • Will GRIs come to grief?
    It is far too early to hail last week's rate hikes as a success
  • UK government shuns industry-led standards for armed guards
    Lancaster House conference on Monday will take first steps creating new regime
  • Oriental Precision placed under creditors' restructuring
    South Korean machinery maker suffers amid industry woes
  • SCI cancels Iranian crude shipment after insurers deny coverage
    Suexmax fixture halted last month ahead of tougher European sanctions
  • Statoil to tender new type of $500m rig
    Norwegian oil group will use 'cat J' rigs to drill in mature oil fields off of Norway
  • Japanese buyers seek force majeure for Iran contracts
    Pressure builds to add clause to insurance agreements from April
  • Ezra builds warchest for subsea projects
    Singapore-listed offshore contractor sells 5.6% of its stake in Ezion
  • Second ballast water system taken off the market
    Pulled technology had secured type approval
  • Ningbo box volume growth soars in February
    Shippers scramble to move cargo ahead of Asia-Europe price hikes
  • Capital market enthusiasm for shipping remains muted, owners told
    IPOs are currently viable for LNG carrier owners but the sector is an exception
  • Detained Beluga Participation in insolvency case
    Questions who owns vessel held in Mumbai
  • Hanjin joins April general rates push
    South Korean boxline plans $400 per teu hike on Asia-Europe trades

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Fairplayweb site
MARCH 2, 2012
  • Cruising grilled on taxes
    A PROMINENT US lawmaker has questioned whether the cruise industry is paying its fair share of US taxes
  • NewLead goes for split
    NEWLEAD Holdings today announced a 1-for-5 reverse stock split to bring its share price comfortably above NASDAQ's minimum
  • Allied stuck in crosshairs
    GREEK drybulk operator Allied Maritime is being besieged by legal action and allegations of unpaid bills, court documents reveal
  • Three found guilty in 1988 ferry terrorism
    A FRENCH court today convicted three men for their part in a 1988 terrorist attack on a Greek ferry that left nine people dead and 100 injured
  • Far East/Europe box rates jump
    SPOT RATES on key Far East/Europe trade lanes jumped markedly higher this week, driven by liners' push for increases, Arctic Securities said
  • Pacific Basin shares rally
    HONG KONG drybulk shipper Pacific Basin's shares today closed 6% higher at HK$4.23 ($0.545), despite posting lower annual profits yesterday
  • Maybulk seen coiled for S&P strike
    MAYBULK, which has been largely absent from the S&P and newbuilding markets, might be returning this year, a shipping analyst said today
  • UK deals focus on pirate suspect transfers
    THE UK has initiated a range of steps to counter piracy since last week's Somalia conference
  • Nickel drives Supramax surge
    THE INFLUX of coal and nickel ore cargoes has sparked a Pacific Supramax rate climb this week
  • ISS pushes into logistics
    ISS CEO Claus Hyldager has completed the port agency specialist's restructuring, which he told Fairplay would "ensure balance across the regions, yet provide much-needed flexibility"
  • VLCCs rise on March coverage
    CHARTERING of VLCCs has surged this week with players rushing to cover voyages for the last two weeks of March

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The Journal of Commerceweb site
MARCH 2, 2012
  • Horizon Boosts Rates on Puerto Rican Trade Lanes
    Horizon Lines said Friday it will raise freight rates on cargo moving between the U.S. and Puerto Rico as of...
  • Trans-Pacific Containerized Trade: Interactive Graphic
    How many TEUs did Japan export to the U.S. in 2009? What is the forecast for U.S. containerized trade with...
  • Rate, Surcharge Update for Week of Feb. 27- March 2
    Mediterranean Shipping imposed a general rate increase on westbound cargo from India to North Europe and the...
  • Pantos Logistics Opens Dutch Logistics Center
    Pantos Logistics recently opened a roughly 31,000-square-foot logistics center near the Port of Rotterdam to distribute vehicle parts across Europe....
  • India's Port Nehru Gets Closer to Handling Larger Ships
    The Port of Jawaharlal Nehru (Nhava Sheva) will be able to handle deep-draft vessels and expand throughput capacity in roughly...
  • James River Coal Expects Shipment Growth via CSX, NS
    James River Coal in 2012 expects to ship at least 3.3 percent more coal from the Midwest and Central Appalachia...
  • West Coast Ports' Long Haul
    When U.S. ports in the Pacific Northwest talk about rival Prince Rupert, British Columbia, words such as "diversion" and "unfair...
  • Currency for Trade
    February's visit to the U.S. by China's likely next leader, Xi Jinping, provides policymakers and business leaders in both countries...
  • Export Growth Loses Steam
    U.S. containerized exports started 2011 with a bang before slowing in the fourth quarter, but the outbound business finished the...
  • Mixed Bag in Asia-US Trade
    2011 was a year of contrasts in the Asia-U.S. trade. U.S. containerized imports from Asia were essentially flat, inching up...
  • Port Possibilities
    Republicans are hoping the bankruptcy of solar panel manufacturer Solyndra will create a Watergate-like scandal for Democrats. The GOP is...
  • Trucking Pioneer Henry Vander Pol Dead at 95
    Henry Vander Pol, a trucking pioneer who helped establish two motor carriers in the Pacific Northwest, died Wednesday in Auburn,...
  • EEOC Sues Celadon Trucking For Illegal Medical Exams
    The U.S. Equal Employment Opportunity Commission is suing Celadon Trucking for allegedly requiring prospective employees submit to illegal medical tests....
  • Celadon Trucking Acquires Teton Assets, Drivers
    Celadon Trucking will get trucks, trailers and, perhaps most important, badly needed truck drivers from its purchase of Teton Transportation's...
  • Union Pacific CEO Young Takes Medical Leave
    James Young, chairman, president and CEO of Union Pacific Corp., the largest U.S. railroad, will take a medical leave of...
  • 2 Million TEU Port to Open in UAE in Late 2012
    The Abu Dhabi Port Co. plans to open a port with an initial annual capacity of 2 million 20-foot equivalent...
  • Indexing World Trade
    At times, it seems the only thing shippers, forwarders and carriers share is a common mantra: They say they want...
  • Swapping Data
    It's fine to have an opinion but better to base the opinion on facts, especially if millions of dollars are...
  • New Winds Blowing
    As the industry gathers in Long Beach this week for the 12th Annual TPM Conference, shippers face a more complex...
  • Looking Ahead
    When shippers, ocean carriers and others gathered for The Journal of Commerce's annual Trans-Pacific Maritime Conference three years ago in...
  • Broker Caught In the Line of Fire
    Q: You've addressed the issue of brokers paying carriers and carriers not paying subcontractors many times, yet I find myself...
  • Hanjin Will Boost Asia-Europe Rates Again
    Hanjin Shipping joined other carriers on Friday in announcing a second round of freight rate increases on its westbound Asia-Europe...

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Containerisation Internationalweb site
MARCH 2, 2012
  • Auckland port dispute to end in court
    That seems to be the only way forward from the intransigence emitting from both the Port of Auckland's [PoA] management and the Maritime Union of New Zealand's ...
  • MSC transfers big vessels into transpacific tradelane
  • Bunkers spike another USD13 in morning trade
    Ocean carriers and short-sea operators are nervously watching the oil markets again after the cost of Rotterdam-sourced IFO 380 soared by USD13 per tonne in trading ...
  • DFDS slips in Q4 11
    Denmark-based DFDS saw its profitability slump in Q4 2011. Compared to Q3 11, its revenue fell by 12%, down to DKK2,746 (USD479) million, out of which operating ...
  • MSC boxship sub-let from Maersk, owned by Seaspan steams into Jakarta reef
    APL - which has a slot charter agreement with Maersk Line on its China - Australia - New Zealand VSA service operated by the Danish carrier and Geneva's MSC - has ...
  • CMA CGM joins rate increasing bandwagon
    CMA CGM has joined the list of ocean carriers seeking a second bite of the freight rate cherry in the tradelane from Asia to Europe. It has announced that it will ...
  • Eurozone jobless hits new record, but pain mainly in Spain
    Unemployment in the 17 nation eurozone rose again in January to 10.7% - there are now 16.9 million people out of work in the single currency states. However, the ...
  • RCL also suffers from 'weak shipping environment'
    Posting a full-year net loss of THB780 (USD25.8) million for 2011, Thai-based intra-Asia carrier, Regional Container Line [RCL], said that 'continued over-capacity ...

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TradeWindsweb site
MARCH 2, 2012
  • SBLK cape in Turkish scrape
    Jewel of Star Bulk Carriers' capesize stable out of commission after scraping bottom on entry to port of Eregli.
  • BLT enlists reinforcements
    Cash-strapped Indonesian owner crowns restructuring commander as concerns over depth of financial troubles mount.
  • NewLead readies split
    Greek owner lines up cure for Nasdaq deficiencies as share price lingers below key threshold.
  • Solvang back at HHI
    Oslo-listed LPG operator returns to Korean yard for a second Very Large Gas Carrier.
  • Threat sparks ship evacuation
    Passengers disembarked as crew conduct security sweep of ship after hoax message.
  • Troim: no rush with cash
    John Fredriksen's lieutenant says tycoon will take his time before splashing the $1bn burning a hole in his pocket from Seadrill share sale.
  • SBM Offshore takes a $1bn hit
    Eyewatering impairments push Dutch offshore specialist to a massive loss as platform pain goes on.
  • Yard in bankruptcy fight
    Mykolaiv court starts proceedings against Chernomorsky two weeks after it posted annual profit.
  • Nigerians confirm capture
    Trio of seafarers snatched from a Dutch reefer off the coast of Nigeria this week are alive and well.
  • Sinochem saves Dorval
    Japanese tanker owner planning joint venture with Chinese petrochemical trader in bid to take it out of court administration.
  • Tzitzis and Papalios team up
    Greek owners in the market for tonnage for Icon Shipping partnership
  • Farstad ditches old Ladies
    Karl-Johan Bakken-led company sells early 80s built anchor handlers.
  • Matching investment and talk
    Derivatives defended, the merits of avoiding business contraction and fitting in time for sleep in a crisis.

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American Shipper - Ocean newsweb site
MARCH 2, 2012
  • K+N offers wireless temperature control
  • Conrad: Smaller TP lines a 'barometer of the trade'
  • Coast Guard detains ship in Portland
  • Union Pacific CEO takes medical leave
  • Delmas adds Algeciras to 5 West Africa loops
  • Hanjin raises Asia-Europe rates
  • Blue Tree, McLeod Software integrate
  • Pantos opens in Holland
  • Mercedes promotes FleetBoard in Ireland
  • CMA CGM's Asia-Europe rate increase plans

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The Bunker Bulletinweb site
MARCH 2, 2012
  • Bunker prices surge across the Americas
    Demand in Cartagena was busy due to low volumes, according to players in the region.
  • Global bunker market experiences volatile week
    Bunker prices experience volatile week on back of a tense crude market falling victim to supply rumours.
  • Emulsion fuel producer gains increasing investor attention
    Investors looked for more information on why shares in producer of emulsion fuels had risen almost 50% in three days.
  • No consensus on outstanding part to GHG agreement
    Disappointment at MEPC 63 as a resolution needed before a new part of MARPOL Annex VI enters into force remains contested.
  • New fuel efficiency monitoring system launched
    Transas estimates that optimal operation of technology could lead to fuel savings of approximately 5%.
  • Bunker prices jump in European ports
    NYMEX showing losses of more than $1 in early trading.
  • Gazpromneft Marine Bunker looking for 10% growth
    New barge acquired for St. Petersburg operations.
  • Prices firm across Middle East and Africa
    Quiet market activity in Suez.
  • Reefer company reports widening losses
    Blames high bunker prices and falling freight raters.
  • Sanctions against Iran hit Fujairah bunker market
    'Fujairah's loss and a big gain for Singapore,' says trader.
  • Bunker prices firming in key Asian ports
    Demand 'below average', say traders.
  • US agencies finalise restoration plans of Cosco Busan spill
    A total of $32.3 million will be spent on a variety of restoration projects, says NOAA.
  • Norway-based shipowner orders second LNG-powered forage carrier
    Rolls Royce NVC 401 Forage Carrier powered by Bergen C-Series gas engine.
  • 'Strong performance' in Grindrod's bunker business
    Company says it is in discussions for the 'potential' sale of 50% of its bunker business.
  • US bankruptcy court approves Genmar disclosure statement
    Approval of disclosure statement allows Genmar to solicit approval of reorganisation plan.
  • Sinopec Zhoushan monthly bunker sales volume down 15%
    Company sold 187,600 mt of bonded bunkers in February 2012.
  • Markets in the Americas fluctuate on crude concerns
    Crude oil prices rose above $110 a barrel for the first time since May.

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