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25 September 2021 The on-line newspaper devoted to the world of transports 00:10 GMT+2

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The Business Timesweb site
JANUARY 30, 2012
Shipping News
  • January slump in Baltic index hits 58%
    The Baltic Dry Index, a measure of commodity freight costs, headed for its largest monthly decline in more than three years as plunging rents and near-record fuel prices cut earnings to below zero on some shipping routes.
  • Carnival sued in Miami over shipwreck
    Carnival Corp, the world's largest cruise line owner, was sued in Miami over the Jan 13 wreck of the Costa Concordia off the coast of Italy.

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Sched Netweb site
JANUARY 30, 2012
  • Belgian sea and airport strikes feared this week to protest euro austerity
  • Maersk makes counter moves, adding and subtracting Asia-Europe capacity
  • Despite troubles, CSAV plans expansion after US$129 million share sale
  • Florida's Tampa port to buy 110 acres to handle expected cargo increase
  • Hong Kong's 2011 export value increases 10pc, imports rise 11.9pc
  • New York-New Jersey gains Asia cargo at west coast ports' expense
  • Fangchenggang container volume up 10pc to 266,308 TEU in 2011
  • China Merchants owns 85pc of Colombo's US$500 million container terminal
  • MSC imposes congestion surcharges US$150 at Mombasa from February 1
  • Union Pacific 2011 profit up 18pc to US$3.29 billion, intermodal off 3pc
  • Norfolk Southern 2011 revenue up 19pc to US$2.1 billion on 'recovery'
  • CSX Corp rail profit up 17pc to $1.8 billion, sales up 6pc in 2011
  • Canadian National 2011 profit increases 17pc to US$2.45 billion
  • Canadian Pacific Railway profit declines 12pc to US$569 million in 2011
  • UNCTAD: Third world trade output moves from 17 to 28pc over 30 years
  • United Continental losses narrow to US$138 million from $325 million
  • Portland International Airport's cargo volume rises 2.3pc in 2011
  • Cargolux adds B747-8F to boost Indianapolis to Luxembourg capacity
  • Lufthansa Cargo offers weekly Frankfurt-Detroit with New York stop

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Exim Indiaweb site
JANUARY 30, 2012
  • KPT commissions first-of-its-kind seafarers centre on Republic Day
  • Hanne B. Sørensen appointed Maersk Tankers CEO
  • SAL vessels the first to make presence felt at new ports
  • Iran consents to pay for India's non-oil exports in Rs.
  • Jewellery exports decline 15 pc in Dec.
  • LAC countries keen to double trade with India
  • Oil firms may renew Iran crude contracts
  • South Australia eager to boost trade ties with India
  • KPSAA lauds KPT management for resolving long-pending issues
  • KPT commissions first-of-its-kind seafarers centre on Republic Day
  • Trade cautioned on disruption due to Belgian port closures today
  • Air Cargo Group plans Bali conference
  • Global firms vie to bag rail freight corridor projects
  • Ficci projects GDP to grow at 6.9 pc
  • Forex pool up $ 732 m due to strong $ inflows
  • Govt to fix ceiling on car imports from EU
  • India's global merchandise trade marching towards $ 750-bn mark
  • Rs. soars to 12-week high at 49.31/32
  • CBDT order on raids to probe high-value transactions has 'no authority of law' & may lead to abuse, says IMC
  • IFFCO Kandla celebrates 63rd Republic Day
  • Holleman transporting heavy components for Serbian refinery project
  • PPG expands member services in Middle East & South America
  • Shanghai training to improve communication skills for project forwarders

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International Transport Journalweb site
JANUARY 27, 2012
  • Stevens Transport in USA expands its fleets
    Stevens Transport, based in Dallas TX (USA), is expanding its fleets by buying 1,200 units of the 3000R refrigerated trailer model from Utility Trailer Manufacturing Co. Stevens Tr...
  • Air Cargo Group plans Bali conference
    The neutral air freight wholesale specialists, Air Cargo Group, is set to celebrate a successful eighth birthday at its annual conference in Bali (Indonesia) from 27 February to 1 ...
  • Comparing the UK and German rail structure
    The UK Rail Freight Group (RFG) has published a comparator between the UK and Germany railway structure. It demonstrates that in terms of liberalisation and competition, the UK rai...
  • Groundbreaking for Kuehne + Nagel at the Port of Duisburg
    Germany's duisport Group is setting up a new logistics complex for Kuehne + Nagel. The official groundbreaking ceremony this week marked the symbolic start of the construction of t...
  • Switzerland: freight transport gradually recovering from economic downturn
    The economic crisis in 2009 had a disastrous effect on Switzerland's freight traffic. The transport performance that year was 7% lower than in 2008. The decline was significantly m...
  • DHL launches training programme for professional drivers
    DHL Freight, one of the leading providers of road freight services in Europe, is investing in the training of new professional truck drivers. In 2012 the company plans to train a t...
  • DPD and Hermes collaborating in Russia
    The CEP service providers DPD and Hermes have announced that they are bundling their strengths in the Russian market. The two companies want to offer end customers in Russia an alt...
  • Norbert Dentressangle secures further 3-year contract with Daikin
    Daikin UK and Daikin Europe NV have signed a further three year UK warehousing and distribution contract with the French transport and logistics group Norbert Dentressangle. Based ...
  • New Grimaldi 'motorway of the sea' between Salerno and Catania
    Naples (Italy)-based Grimaldi Groups have inaugurated a new thrice-weekly 'motorway of the sea' between Salerno and Catania (eastern Sicily). The link, which is operated by Finnli...
  • Dubai's cargo traffic sank slightly in 2011
    Air freight traffic at Dubai International airport (UAE) rebounded slightly to 189,593 t in December2011, reflecting a modest increase of 0.8% compared to the 188,103 t handled dur...
  • Boeing delivers two B777-300ERs to Saudi Arabian Airlines
    Boeing reached a major milestone with Saudi Arabian Airlines when it delivered the airline's first two B777-300ERs (extended range), marking another step forward in Boeing's...
  • APM Terminals recognised for safety excellence
    APM Terminals was presented with The Gerald H. Halpin Safety Excellence Award for 2010-2011 by the Signal Mutual Indemnity Association. The APM Terminals' operations in the USA wer...
  • ILFC appoints senior vice-president and head of Asia Pacific
    International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc., announced that it will establish offices in Beijing and Singapore i...

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Marine Logweb site
JANUARY 27, 2012
  • New coatings extend International Paint's antifouling range
  • Shipbuilders move ahead with workforce development initiative
  • John Poulson rejoins the American Club
  • ABB to provide energy management for LNG-fueled cruise ferry

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World Wide Shipperweb site
JANUARY 27, 2012
  • Port of Vancouver, USA unveils new Centennial website
  • AAPA taps Florida Congressman as top port person of the year
  • Inchcape Shipping Service warns of Belgian port closures
  • Sea-Tac Airport sets new passenger mark during 2011
  • US rail traffic count drops during week

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Lloyd's Listweb site
JANUARY 27, 2012
  • Snags that could scupper the sale of SeaFrance ships
    There are two potential sticking points to the SeaFrance fleet sale: the state of the vessels' maintenance and the retention of the crews
  • What price the SeaFrance ferries?
    The $244.5m valuation in 2010 for all four now looks wildly optimistic
  • Survey wars in Rotterdam
    Port authority study counters ECT forecasts
  • Crude tanker tonne-mile demand contracted 2% last year
    Gains in VLCC demand outweighed by weaker suezmax and aframax markets
  • Delta Mariner takes out Kentucky bridge
    Vehicle carrier slams into bridge
  • UK to push for regional carbon curbs rather than wait for IMO
    European Union emissions trading scheme could raise $15bn annually from shipping
  • Flow of fresh money boosts Seine waterway alliance
    French ports are reawakening after the ending of poor trade union relations that hindered dockside investment
  • SapuraCrest wins lion's share of six-ship tender
    Market rumblings have Petrobras tendering for an additional six pipelayers with the ability to lay flexible pipe
  • UK makes a smart move on training
    Full marks to UK Shipping Minister Mike Penning for fighting the industry's corner
  • More haste, less speed
    Industry must avoid a knee-jerk response to the Costa Concordia investigation
  • UK will struggle to source alternative to Qatari LNG says gas expert
    Emirate supplies 85% of Britain's LNG needs
  • West Africa to China VLCC trade offers best earnings in 2012
    Daily returns will eclipse Middle East-Asia voyages
  • Cash-rich owners likely to be the only tanker moneymakers in next five years
    Earnings in 2012-2016 will not be enough to cover finance and operating costs, McQuilling Services forecasts
  • Chemtanker rivals say they saw BLT crisis coming
    Questions over last year's refinancing package
  • General strike to halt Belgian ports
    Industrial action will disrupt operations at Antwerp and Zeebrugge
  • Insurance industry rejects suggestion it can ease Somalia's woes
    Bigger barriers need to be overcome before the country can embrace commerce
  • Marseilles Fos opens talks with Drydock 10 bidders
  • Brokers hope capesize rates have found a bottom
    As China gets back to business, the big question is if earnings will rise again
  • Lawsuits to challenge Costa's $14,460 compensation offer
    Cruise firm to pay out $160,000 per passenger if US lawyers have their way
  • Clubs aim to push pilot error up regulatory agenda
    IG expects that move to make pilots subject to international regulations will encounter opposition
  • Booming Piraeus posts near-doubling in box volumes
    Port handled more than 1.68m teu last year compared with 878,000 teu in 2010
  • Nordcapital tops KG league
    Financier secured $68.4m of new funds
  • The basic laws of human stupidity
    A 1977 essay by the Italian economic historian Carlo Cipolla, readily available on the internet, is recommended reading
  • RS Platou looks to acquire ACM Shipping
    Norwegian broker has not yet made an offer but London-listed ACM sees share price jump
  • BLT's crisis
    Indonesia's biggest oil and gas shipping company needs to tell the market how it will stay in business

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Fairplayweb site
JANUARY 27, 2012
  • Sorensen to run Maersk Tankers
    APM SAID today it had appointed Hanne B Sorensen as CEO of its Maersk Tankers, making her perhaps shipping's most powerful women
  • Wärtsilä's Ship Power unit's profits drop
    STRONG ordering in specialised ships sectors this year should support the Ship Power unit of Wärtsilä, the Finnish engineering group said, although it reported a fall in net profits last year
  • China newbuildings dive 70.4%
    CHINESE shipowners ordered 258 newbuildings last year, a 70.4% dive year on year from 872 newbuildings contracted in 2010
  • Fund dumps DHT shares
    HEDGE fund MMI Investments has accelerated the sale of its stake in tanker owner DHT, bringing its holdings down to just 2%
  • Nordcapital keeps lead
    NORDCAPITAL, the KG issuing house of Hamburg ship owner Erck Rickmers, in 2011 raised €77M ($101.2M) in equity for fresh shipping investments and capital increases for distressed funds
  • Precious profits expected to be $22.56M for '11
    REGIONAL securities firm PhillipCapital said today it expects Precious Shipping to post net profits of 862.47M baht ($22.56M) for 2011, down 4.75% year on year
  • Fairstar raises $65M
    FAIRSTAR Heavy Transport, the Dutch heavy-lift operator listed in Oslo, said today it has raised $65M through a private placement of shares
  • VLGC charterers keep edge over owners
    BROKERS caution that VLGC owners should not jump for joy yet because improving gas freight rates are still unprofitable
  • Compensation offered in Concordia disaster
    ITALIAN consumer groups told Fairplay today they have signed an agreement with Costa Cruises to offer about €11,000 ($14,500) to each of the passengers aboard Costa Concordia
  • Piraeus box total doubles
    PIRAEUS Port Authority has said the number of containers it handled in 2011 had almost doubled from a year earlier
  • Strike to shut Belgian ports
    BELGIAN ports will be closed on 30 January by a general strike, with knock-on effects likely during the whole week, Inchcape Shipping Services said today
  • Thoresen sees S&P window
    THORESEN Shipping Singapore's managing director Ian Claxton has told Fairplay he hopes to exploit the BDI's fall to a three-year low by acquiring modern bulkers
  • Exmar lost $45.4M in '11
    EXMAR, the Belgian gas transporter, said today it reduced its consolidated net losses to $45.4M last year, from $14.4M in profits in 2010
  • Seafarer dies after falling overboard in Roenne
    A SEAFARER has reportedly died after falling overboard at the Danish port of Roenne
  • BLT subsidiaries defaulted
    INDONESIA'S chemical shipping group PT Berlian Laju has said a subsidiary has incurred a covenant breach under a loan for which it is a guarantor

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The Journal of Commerceweb site
JANUARY 27, 2012
  • Hub Group Takes Aim at Eastern Truck Freight
    Hub Group expects a "transformational year" for the intermodal industry as Eastern rail network expansion boosts intermodal volumes, company officials...
  • Vessel Owner, Operator Fined $1.75 Million for Oil Dumping
    The owner and operator of a newly constructed bulk cargo ship were fined $1.75 million Wednesday for illegally dumping oil...
  • Teamsters Press Unionization of Toll Drivers
    The Teamsters union, as part of its national strategy to organize harbor truck drivers, has taken on Toll Global Forwarding,...
  • SC House Votes to Block Savannah Port Dredging
    South Carolina's House of Representatives is trying to reverse the approval by the state's environmental agency of a permit to...
  • Foreign Trade Zone Pioneer Spencer Dies at 85
    F.J. Spencer, the founder of IMS Worldwide, a leading expert in free trade zone development, died Jan. 13 at the...
  • Boxer Urges House to Pass Bipartisan Transport Plan
    Sen. Barbara Boxer on Thursday urged the House to pass a surface transportation bill that has bipartisan support, so that...
  • Class 8 Truck Orders Rose 71.7 Percent in 2011
    The trucking equipment market accelerated its recovery in 2011, as motor carriers ordered new tractors and rolling stock to replace...
  • Savannah to Switch to Electric-Powered Cranes
    The Georgia Ports Authority will buy four new electric-powered rubber-tired gantry cranes and retrofit other RTGs in the Port of...
  • Driver Market, Truck Capacity Tightening, Werner Says
    A "challenging" driver market will put more pressure on trucking costs, capacity and pricing in 2012, says truckload carrier Werner...
  • Illegal Fungicide Detected in 11 Juice Shipments
    Federal regulators said Friday they found traces of anillegal fungicide in 11 out of 80 shipments of imported orange juice...
  • Steel Imports Jumped 18.9 Percent Last Year
    Steel imports in December rose 6.6 percent year-over-year, pushing annual inbound shipments 18.9 percent to 23.9 million tons in 2011,...
  • Vessel Carrying Rocket Parts Hits Kentucky Bridge
    Highway traffic in southwestern Kentucky is being delayed and detoured for miles after a cargo ship struck a bridge over...
  • Inventory Buildup Boosts GDP Growth 2.8 Percent
    Rising inventories and consumer spending caused U.S. gross domestic product to expand at a 2.8 percent annual rate in the...
  • Strike to Close Antwerp Port, Brussels Airport Monday
    The port of Antwerp faces a shutdown Monday as Belgian dockers participate in a nationwide 24-hour general strike against...
  • Imperial Logistics Expands in Africa Through Acquisitions
    Imperial Logistics boosted its presence in southern Africa through the acquisition of two transport companies for undisclosed sums. ...
  • Pantos Logistics Aims for 10 Percent Growth in 2012
    Pantos Logistics expects to grow volume 10 percent this year and gradually emerge as one of the world's top 10...
  • Etihad Adds Two Freighters Amid Industry Slump
    Etihad Crystal Cargo plans to buy A330-200 freighters, valued at roughly $423 million, as the Abu Dhabi-based carrier works to...
  • Oakland Port Board Promotes Two Integral to Expansion
    The Oakland Board of Port Commissioners promoted two employees who have been highly involved in expanding the port. ...
  • Asia's Internal Engines
    From politicians to traders, there is a growing sense in Asia that, after four years of economic upheaval in the...
  • Trade Winds Change in China
    China, the world's second-largest economy after the U.S., saw foreign trade grow at its slowest monthly pace in two years...
  • Carrier Uncertainty
    It's impossible to read through The Journal of Commerce Annual Review and Outlook issue published this month and not conclude...
  • Leveraging Clarity
    By now it's accepted wisdom bordering on cliché that the global trading economy lacks clear direction, and that the sputtering...
  • Commingling Leads to Conflict
    Q: My wife is thinking of starting a brokerage company, and I have a few questions. 1. Is...
  • CSAV Raises Rates From India, Middle East
    Chilean container carrier CSAV imposed a general rate increase on trades from the Indian Subcontinent and the Middle East to...

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Containerisation Internationalweb site
JANUARY 27, 2012
  • Maersk Line adjusts its Asia/Med operations
    Maersk Line is to start a new Asia/Mediterranean service string and revamp an existing loop as it puts in place a plan to deal with the additional competition that ...
  • CP's intermodal revenue impacted by weaker volumes
    Calgary-headquartered railroad Canadian Pacific (CP) has seen its net income sink for 2011 compared to 2010 - no doubt impacted by weaker intermodal volumes.CP's ...
  • Aitken Spence sells its Colombo box terminal stake to China Merchants
    Citing 'high costs' and 'unreasonable demands' Sri Lankan conglomerate, Aitken Spence said it is selling its 30% share in Colombo International Container Terminals' ...
  • Emerging markets to rule
    That is the view expressed at the World Economic Forum [WEF], Davos, Switzerland by HSBC's chief global economist, Stephen King, who predicated a return to the ...
  • Piracy problems lead MSC to raise surcharge
    Geneva-based MSC has said that an increased risk of attacks on its ships trading in the Indian Ocean is behind its decision to raise its piracy surcharge by more ...
  • Exports surge at Tacoma
    The boom in US exports pushed up the Pacific Northwest port of Tacoma's containerised export volumes by 11% in 2011 compared to 2010 - with agriculture products ...
  • McKinsey report augurs well for Rotterdam
    A report commissioned by reason of the 'economic unrest' in 2011 and 'lack of clarity' going forward in the container sector, by the ...
  • Simatech Shipping to invest in new ships
    Dubai-based Simatech Shipping, which mainly operates feeder services in the upper Middle East Gulf and South Asia, naming Jebel Ali and Colombo among its principal ...

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TradeWindsweb site
JANUARY 27, 2012
  • 'Rocket ship' bashes bridge
    Foss Maritime and US Coast Guard call in T&T Bisso following Tennessee River wreck.
  • Fairstar Heavy raises more
    Dutch heavy lift owner pockets $11m from another private placement in Oslo.
  • Brittany eyes break-even
    French ferry operator tipped for 2011 loss, but chairman says it is heading away from trouble.
  • Tanker tonic for Platou swoop
    Peter Anker and Richard Fulford-Smith share their thoughts on potential takeover of ACM.
  • Tandanor eyes offshore work
    State-owned Argentinean plant teams up with construction companies to target Petrobras FPSO business.
  • Havila sees strong finish
    Njal Saevik-led offshore vessel owner reports a better final quarter and ties down PSV quartet.
  • DNB confirms BLT exposure
    Norwegian bank says portfolio still solid despite Indonesian tanker owner's freeze on payments.
  • Platou in for ACM
    Peter Anker-headed broker is readying a takeover bid for Johnny Plumbe-led shop.
  • "A kick in the guts"
    Australian union slams BlueScope's decision to offload upgraded veteran freight ro-ro.
  • BLT's grades take a tumble
    Fitch dumps its ratings on Indonesian shipowner in the wake of its debt difficulties.
  • Boxship leaked gas
    Singaporean-managed vessel ordered to stay off Australia after cargo damaged in rough seas.

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American Shipper - Ocean newsweb site
JANUARY 27, 2012
  • LETTER: Risk and reliability balance in liner shipping
  • Softship's toughest sell
  • Transportation sweet spot
  • Maersk slows ECUBEX, adds Bremerhaven
  • J.B. Hunt drives record sales, profit in 2011
  • Jakarta added to Maersk/MSC's Boomerang
  • First 747-8 freighter lands at ABC
  • Arkansas Best sees turnaround
  • Hub profit up 36% in 4Q
  • VPA starts clean fuel program with Maersk
  • CBP throws flag on fake NFL jerseys
  • Foss 'rocket ship' strikes Kentucky bridge
  • AviancaTaca snaps up 51 A320s

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The Bunker Bulletinweb site
JANUARY 27, 2012
  • Bunker prices firm as week ends
    Bunker demand was slow this week, according to players.
  • Matson to increase fuel surcharge
    'While we were encouraged by the moderation of bunker fuel prices in the second half of 2011, that trend has been reversed in recent months.'
  • Fujairah prices soften
    Prices diverge in South African ports.
  • Markets firming across Europe
    Strike in Antwerp on Monday could affect operations.
  • Debate heats up on unilateral GHG action
    UK Energy and Climate Change Committee accuses industry of 'delaying tactic' by insisting on an international regime to curb emissions.
  • Gibraltar sees slight decline in ship calls, bunker sales
    Statistics for 2011 indicate fewer but bigger ships calling at the port and less 'bunker only' calls.
  • Singapore could play 'key role' in reducing shipping emissions
    'Bunkering is huge in terms of carbon emissions,' says spokesman from Singapore Energy Studies Institute.
  • Wartsila posts decline in results
    Company's ship power order intake surged 83% in the fourth quarter of 2011.
  • Asian bunker prices look for direction as week ends
    Weak demand across key Asian ports on Friday, traders say.
  • Manufacurer develops two fuel saving paints
    Antifouling products potentially deliver up to 4% fuel savings.
  • US port expands green initiative with fuel switch programme
    Maersk Line vessels to burn low sulphur distillate fuel while idle during cargo operations at the Virginia Port Authority-owned terminals.
  • Petroplus denies 'fraudulent bankruptcy' allegations
    French public prosecutor conducting investigation into its insolvency filing.
  • Berlian Laju temporarily ceases ship lease payments
    Undertaking financial assessment following a loan covenant breach and failure by 'certain' of its subsidiaries to make lease payments that are due.
  • Dahlman Rose optimistic of Aegean's outlook
    Aegean is 'moving in the right direction' with continued improvement in operations expected, analysts say.
  • Bominflot expands Spanish ports coverage
    Supplies 380 cSt bunker fuel and MGO via bunker tanker SP Dublin at Sagunto port.

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