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16 September 2021 The on-line newspaper devoted to the world of transports 17:48 GMT+2

January 22, 2014

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Sched Netweb site
JANUARY 22, 2014
  • Despite threat, Panama work goes on as EU mediation offer rebuffed
  • China curbs GDP growth to 7.7pc in 2013, looks to 7.5pc rise in 2014
  • Zim to sail on as Israel Corp loses control in debt restructuring deal
  • Stifel Logistics Confidence Index sinks, but stays positive for 2014
  • Port of Dunkirk posts record 12pc rise to 292,000 TEU in 2013
  • Shanghai box freight index to blame for rate volatility: Dynamar
  • China's higher rail rates expected to be known in early 2014
  • Singapore errs in calculation, export volume to be less than expected
  • China blocks US steel despite WTO ruling: US Trade Representative
  • EU initiates bank account freeze in cross-border debt recovery
  • Schiphol's 2013 air cargo volume rises 3.2pc to 1.5 million tonnes
  • Qatar Airways to fly cargo for IAG Cargo from Hong Kong to London
  • Chapman Freeborn provides rush air cargo to avert plant shutdown

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Exim Indiaweb site
JANUARY 21, 2014
  • CSCL places order for 19,000-TEU box vessel, the world's largest
  • Somali pirate clampdown caused drop in global piracy, IMB reveals
  • WISTA India to launch Delhi sub-chapter
  • Cashew kernel exports up by 16 pc in Apr.-Dec.
  • JNPT Chairman congratulates top performers at sports event
  • Mundra Port on the verge of becoming the largest in the country
  • Cabinet approves setting up of Rail Tariff Authority
  • Anand Sharma launches eBiz portal along with integrated payment gateway
  • Cabinet okays Japanese special loan assistance for Delhi Mumbai Industrial Corridor project
  • INR turns sharply weak against dollar
  • Process to set up Amritsar-Kolkata Industrial Corridor initiated
  • SAIL to increase production capacity up to 50 mt by 2025, says Chairman
  • Textiles exports target for FY15 at $ 60 bn
  • FAI meet begins in Gandhidham today

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International Transport Journalweb site
JANUARY 22, 2014
  • SNCF and RFF test Europe's longest freight train
  • Reshuffle at DSV Air & Sea
  • HHI to build first 19,000 teu leviathans
  • FlexLink extends SCM agreement with Kuehne + Nagel
  • Three leading airport operators renew cooperation
  • New Erie intermodal facility goes ahead
  • New managing director for Log4chem
  • P&O Ferrymasters: new Benelux/Ruhr-Estonia trailer service
  • PSA and ICTSI start cooperation in Colombia
  • Trailers travel through the Gotthard with CargoBeamer
  • Boeing joins Etihad-led BIOjet Abu Dhabi team
  • Evergreen names latest duo of L-type vessels
  • Antalis chooses IDS as new transport partner in Germany
  • Merging the management of branch offices
  • New MAN waste collection vehicles for Piraeus
  • Two cargo plane crashes in Latin America on same day
  • Skalpell zur richtigen Zeit am richtigen Ort
  • Change at the top

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Marine Logweb site
JANUARY 21, 2014
  • Two Teekays create another spin off
  • Seabourn firms up cruise ship order at Fincantieri
  • Kleven books order for IMR vessel
  • Pirates nabbed after guards repel attack on Navios ship

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World Wide Shipperweb site
JANUARY 21, 2014
  • Drewry ship operating review finds vessel owners cutting costs
  • Bunge Brazilian operations CEO announces retirement plans
  • CSX taps Bryan Rhode as Virginia regional VP
  • Coast Guard coordinates rescue of 24 stranded crewmembers
  • Troy Container Line adding Genoa to New York run

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Lloyd's Listweb site
JANUARY 21, 2014
  • Louis eyes return to profit in 2014
    Cruise operator aims to double cruise sales in next three years
  • Watered down European port legislation would be superfluous
    Port users lobby European Parliament to avoid creating ineffective "empty shell" legislation for port services
  • Crude tanker prospects may worsen before they improve
    Present good market for owners is merely a purple patch
  • Leading cruise line urges Greece to 'get its act together'
    Country is 'back on the map' for cruising but Louis Cruises frustrated by inaction
  • UK government outlines way forward for UK-flagged floating armouries
    Home Office will also discuss how to regulate firearms training in the UK
  • Teekay continues asset sale to daughters through new investment arm
    TIL offering raises $250m for tanker acquisitions
  • More oil demand, more oil supply but not much change in prices
    IEA reports shows US oil demand growth outstrips China
  • Joint financing plan for Panama Canal
    GUPC moots co-financing deal as dispute about cost overruns simmers on
  • NYK adds four bulk carriers to its fleet
    Japanese shipping giant's subsidiary leases four handymax and handysize ships on time charter
  • Jaya quarterly profits rise 11%
    Singapore company reports better utilisation and higher charter rates for vessels
  • Pan Ocean pans STX
    Restructuring South Korean company cashiers old group name
  • Alliance Oil Trading to quit Singapore
    Company is hit by fall in bunker sales, despite rise in container volumes
  • Iranian sanctions relaxed to allow clubs to provide cover for six months
    Shipowners and clubs must be mindful of contract terms, says IG
  • 2013 events likely to affect box shipping for years to come
    Proposed P3 tie-up raises prospect of further consolidation
  • One killed, four injured in blast aboard chemical tanker off Turkey
    Ship now under tow to repair yard
  • Thoresen Shipping adds supramax to fleet
    Bulker operator bought vessel from D'Amico Dry for $20m

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Fairplayweb site
JANUARY 21, 2014
  • EU relaxes Iranian tanker sanctions
    The European Union has lifted its ban on the provision of transport and insurance for Iranian crude oil exports
  • Kufpec acquires Shell's stake in Wheatstone LNG for US$1.135Bn
    Royal Dutch Shell announced yesterday that it has reached a deal with Kuwait Foreign Petroleum Exploration Co to buy its US$1
  • Crew member dies in tanker blast
    One crew member died and four were injured following an explosion on board a tanker outside the Turkish port of Tuzla yesterday
  • CSBC wins two more box ships
    Taiwan-listed shipbuilder China Ship Building Corporation (CSBC) announced last week that it won orders to build two 1,800teu ships for two Malta shipping companies
  • Tanker rate spike seen as good for vessel valuations
    Spot freight rates for crude oil tankers have increased sharply in recent times, but although the gains are unlikely to be sustainable, they should help to lift valuations of vessels on the secondhand market, shipping analysts say
  • North Atlantic Drilling plans to raise $600M in five year notes
    Deepsea, harsh-weather drill rig operator North Atlantic Drilling, a subsidiary of London-based Seadrill, plans to raise $600M in an issue of five-year notes
  • China COSCO to book profits in 2014
    China COSCO, the flagship-listed unit of Cosco Group, is likely to remain in the black in 2014 on one-off gains for breaking old tonnages, the Chinese brokerage firm Shenyin & Wanguo Securities said
  • Thoresen Shipping adds 11th Supramax
    Thoresen Shipping Singapore, a subsidiary of Thoresen Thai Agencies, said today that it bought another secondhand Supramax bulker
  • Rainbow HI plans to invest in ship design firm
    Shenzhen-listed Jiangsu Rainbow Heavy Industries plans to invest 3.25M yuan ($533,000) in a joint venture to set up a special engineering ship design firm
  • Eric Ip steps up as HPH's boss
    Hong Kong-listed Hutchison Port Holdings (HPH) group's former MD John Meredith, 74, stepped down on 1 January and has been succeeded by the group's new MD Eric Ip, according to today
  • Singapore bunker supplier goes belly up
    Singapore-based bunker supplier Alliance Oil Trading has exited the market as it is being liquidated
  • VLCC rates hit 2014 high
    VLCC rates hit a 2014 high yesterday as tightening tonnage supply combined with high oil demand and the upcoming Lunar New Year holidays to drive chartering activity

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The Journal of Commerceweb site
JANUARY 21, 2014
  • Nippon Express Acquires Panasonic Logistics Unit
  • Report: Asia-Pacific Demand Growth Critical for Logistics Firms
  • Holiday Closings Cause Cargo Overload at LA-Long Beach
  • Younger P3 Ships Widen Advantage Over G6, SeaIntel Says
  • Report: Container Lines Lost $16 per TEU in 2008-2012
  • Panama Canal Expansion Still Set for Completion in 2015, Official Says
  • Face-Off: Three Shippers Discuss How 2014 Will Play Out

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TradeWindsweb site
JANUARY 21, 2014
  • Bekhor back in action
    A leading private equity firm has forged an alliance with UK compatriot British Marine under a broader bid to break back into the shipping industry.
  • Euronav narrows loss
    Euronav turned in a fourth-quarter loss Tuesday but the red ink does not appear to have derailed its appetite for further expansion.
  • Seabourn seals order
    Seabourn has firmed up a contract to construct a cruiseship at Fincantieri in Italy.
  • Cargill makes it three
    Cargill has taken its third capesize bulker of the year on a period contract, brokers say.
  • Canal horns still locked
    Work on the Panama Canal expansion project is continuing under a cloud of uncertainty a day after the deadline for an ultimatum by the consortium building the new locks.
  • A2B adds Thamesport
    Short sea operator A2B-online Container is branching out in the UK with a new call at London Thamesport.
  • Ardmore firms fixtures
    Ardmore Shipping of Ireland has firmed up charters for two of its medium-range (MR) product and chemical tankers.
  • Navios goes to market
    Navios Maritime Holdings is making another trip to the capital markets as it looks to continue expansion efforts.
  • Docker almost buried
    A dockworker has survived being buried up to his neck in coal on a bulker at Immingham, UK.
  • Teekay opens TIL
    Teekay has raised $250m to create a new tanker division in league with daughter company, Teekay Tankers.
  • Aker lets loan lapse
    Aker Philadelphia Shipyard (APSI) has allowed a $65m loan facility to lapse following a rights issue.
  • Blast from the past
    Crude tanker rates are repeating a pattern seen during the previous cyclical upturn over a decade ago, Global Hunter Securities believes.
  • NGW bids for P+S
    German wind farm company New Global Wind (NGW) is going ahead with an attempt to buy the Stralsund yard of bankrupt P+S Werften.
  • Change aids Jaya
    A change in chartering strategy continues to pay off for Jaya Holdings as it booked an increased profit in the second quarter.
  • Gas leak on bulker
    Five crew have been taken to hospital after a gas leak on a bulker at Port Taranaki.
  • Stena Line seeks savings
    Swedish ro-pax giant Stena Line is looking for a pay freeze from UK workers to avoid large-scale redundancies.
  • Perseveranza joins pool
    Perseveranza di Navigazione has joined the list of owners trading vessels in the Scorpio Tankers MR Pool.
  • Crewman lost from boxship
    The French navy has launched a search for a seafarer who fell from a boxship off Le Havre.
  • DNB lifts Euronav
    DNB Markets has upgraded Euronav ahead of its fourth quarter results presentation today.
  • Stenberg captain cleared
    A Latvian tanker master has been acquitted of being drunk in command of his ship in Sweden.
  • Euronav in focus
    Euronav is expected to begin the fourth quarter results season by revealing a third successive annual loss - but it's bottom line will not be the sole focus as the eyes of the tanker market turn to Antwerp today.
  • Reefer held over faults
    A Seychelles reefer and a tug were the only two ships detained in Hong Kong during December.
  • One dead in tanker blast
    One seafarer has died and another four were injured as an explosion tore through a tanker off Turkey.
  • Thoresen picks up bulker
    Thoresen Shipping has acquired an eight year-old supramax bulker from interests linked to Italian shipowner D'Amico.
  • Line to be launched
    A delayed coastal shipping line between Bangladesh and Myanmar is to launch in March.
  • 'Fire' was really a leak
    A Taiwanese bulker thought to be on fire during a port call in New Zealand Monday had in fact suffered a chemical leak.
  • Cosco bulker arrested
    Singapore's admiralty sheriff has arrested a Cosco-owned panamax bulker, latest court documents show.
  • Olympic back at Kleven
    Olympic Shipping has returned to the newbuilding arena for the first time in over a year with a contract at Kleven Verft.
  • Somali pirates nabbed
    European Union naval forces have made the first arrest of pirates off Somalia in 2014 following a failed attack on a products tanker.
  • NADL taps US bond market
    John Fredriksen's North Atlantic Drilling Ltd (NADL) is looking to raise $600m from the US bond market.

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American Shipperweb site
JANUARY 21, 2014
  • Canal contractor says co-financing demand is fair
    GUPC told the Panama Canal Authority on Monday that its demand for an repayment advance of $400 million is not a shakedown for extra money, but a way to jointly bridge the gap until differences can be sorted out in a legal setting.
  • Reports say Zim debt deal could be signed this week
    Israel's Globes newspaper said last week Zim and its creditors have signed a debt settlement that includes a 50 percent write-off of Zim's $3 billion debt, mostly to foreign banks. It said the write-off will be the largest in Israel's history.
  • Bid made for share of Norwegian Car Carrier
    Car Carriers Investment AS, a 50/50 joint venture between a subsidiary of Klaveness Marine Holding and a subsidiary of J.P Morgan Global Maritime Investment Fund, intends to start a voluntary cash offer for all of the carrier's shares.
  • Army Corps awards 2nd contract for Miami Harbor Deepening
    The federal agency has, as expected, awarded Great Lakes Dredge & Dock Corp. a $51.9 million option for the project to deepen the Port of Miami's harbor to 50 feet, which will enable it to receive the largest containerships in operation today.
  • Washington Notebook: Oil industry meets DOT chief about tank car safety
  • St. Lawrence Seaway traffic off 5% in 2013
  • Southeastern opens Florida service center
  • Seattle, Tacoma file new discussion agreement
    The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them "to gather and share information to identify potential options for responding to unprecedented industry pressures.
  • Envirotainer expands in Germany
  • Executive moves

news on subscription
The Bunker Bulletinweb site
JANUARY 21, 2014
  • Firm to choose MGO over scrubbers to ensure compliance
    But is prepared to change its mind for an 'interesting' alternative.
  • Sulphur rules blamed as job losses loom
    Viking Line in discussions with staff.
  • Prices struggle to find direction in Fujairah
    Prices soft in South African ports.
  • Price movements mixed across Europe
    Avails were tight in Europe's key bunkering hub of Rotterdam.
  • Refinery ready to end fuel oil production
    Russia's newest refinery is close to cutting its fuel oil production to zero.
  • Reports: Rules for Polar shipping close to agreement
    Draft document could appear this week, says shipowner organisation.
  • Victory for 'cold ironing' supporters
    US port looks set to reverse decision on shoreside power.
  • New cruise terminal for Lisbon
    Consortium behind project includes Royal Caribbean.
  • Major refinery starts ultra LS production at Singapore
    A third of new production will meet specs for ultra-low sulphur diesel.
  • Asian IFO prices continue narrow-range trading
    Low to average demand seen in Singapore.
  • Reefer ship detained in HK
    Lack of bunker pollution certificate among reasons for its detention.
  • Shanghai authorities 'should act' on bunker fuel
    Shipping activity 'severely polluting' port city.
  • LNG-powered vessels to be built at Gulfport
    Vessels' emissions-reducing nature 'fit well with port's green initiative'.
  • Philippines wreck to be raised 'immediately'
    Coast Guard says there is threat of bunkers leaking from the ship.
  • Canada spill plan 'inadequate', says review
    Nation's oil plan currently limited to spills of 10,000 mt capacity.
  • German firm in supply deal for dual-fuel carrier
    Qatari ship to get a high pressure, fuel gas supply system.
  • LNG-powered tug enters into operations
    Vessel is the world's first tug to be fuelled only by LNG.

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