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23 September 2021 The on-line newspaper devoted to the world of transports 23:56 GMT+2

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Sched Netweb site
MARCH 2, 2016
  • China Cosco Shipping, CMA CGM seek alliances with OOCL, Evergreen
  • Chinese PMI falls from 52.7 to 49 still showing contraction in February
  • Iran-China 2015 trade falls 41pc to US$2.07 billion on oil price plunge
  • Iranian shipping line IRISL recommences container shipping to Europe
  • Brussels rejects Greek arguments shipping's tax rate is high enough
  • CP wins big shipper backing in write-in for its Norfolk Southern takeover
  • Slow growth, mega ships are mega problem for box terminals: Drewry
  • China, UK have rare chance of greater trade cooperation: Minister Gao
  • Training course shows how to track corrosion of shipboard piping
  • Bridge team errors factor in most shipboard insurance claims: study
  • XPO sees logistics sector 'disrupted' by technology over long term
  • Hong Kong customs officer dead, appears to have shot self at airport
  • Hopes high Chinese-built Somali airport will boost trade, bring investors
  • Etihad Cargo takes delivery of 11th Boeing 777 freighter
  • Turkish Cargo switches to Technopark's air cargo management solution
  • London Heathrow air cargo volumes steady in 2015 at 1.5 million tonnes
  • Air Canada Cargo unveils 'aggressive' fleet expansion, marketing plans

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Exim Indiaweb site
MARCH 1, 2016
  • Cutting-edge 14,000-TEU containership enters NYK fleet
  • Ditlev Blicher appointed new CEO of DB Schenker in Asia Pacific
  • Meridien celebrates completion of 25 years in the industry as the leader in transportation & handling of containers & break-bulk cargo
  • Budget about building capacities: Anil Singh, Managing Director & Senior Vice-President, DP World Indian Subcontinent
  • KPT inks Concession Agreement with KICT of J. M. Baxi Group for developing & operating container terminal
  • ICD-Tondiarpet classified as hub for LCL cargo
  • Budget 2016-17 widens duty drawback scheme to boost exports
  • Budget will enhance exports in the long term: Fieo President
  • Centre to amend Customs Act to control subsidised imports
  • FTAs to be reviewed as imports increase
  • Govt starts investigation into circumvention of anti-dumping duties on stainless steel imports
  • L&T arm signs agreement for subsea projects
  • European Union okays 700,000 t of sugar export

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International Transport Journalweb site
MARCH 2, 2016
  • Railway links India, Iran, Azerbaijan and Russia
  • Found - aviation director - after nationwide search
  • Brazilian rail operator investing in fleet
  • Loading turbines from barge to heavylift ship
  • Aerolineas Argentinas to prune longhaul network
  • Basel cargo community deciding on CEIV certification
  • Blankenburg switching to TX Logistik
  • 1,000 new trucks strengthen fleet in Lithuania
  • Transport platform growing strongly
  • Bunker record and new port of call for Arkas
  • Glenn leaves Greenbrier
  • Ten year lease extension
  • Port of Rotterdam: more traffic, less profit
  • No belly flop for this Asia Pacific pilot
  • New freight booking system for US railway
  • One stop for transport, storage and distribution
  • Struggling US airline blames pilot shortage

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IHS Maritimeweb site
MARCH 1, 2016
  • LNG bunkering leaks may offset anti-pollution benefits
    New research has revealed that methane leaks occurring during LNG bunkering operations can not only chip away at the benefits of cleaner burning LNG but could also increase fuel costs for shipowners. A study released by the US Maritime Administration...
  • Van Oord buys TSHD Contender from Abeko
    To expand its fleet of small trailing suction hopper dredgers (TSHD), Dutch dredging giant Van Oord has bought the 2,680 m3 Contender from Netherlands-based Abeko Marine. The vessel is 88 m long, 16 m wide, has a dredging depth of 25 m,...
  • Allianz Global Corporate & Specialty (AGCS) appoints new Regional Unit London Head of Marine
    London, 1 March 2016 - Allianz Global Corporate & Specialty (AGCS) has appointed Andrew Whitehouse as Regional Unit London (RUL) Head of Marine. He will report to Brian Kirwan, AGCS Chief Executive Officer UK, and Paul O'Neill, Global Head of Marine and Energy, starting on 1st March 2016. Andrew has been...
  • Troubled Havila Shipping books huge impairment charge
    Havila Shipping, which has attempted to restructure its finances since the start of the year, has reported deep losses for both the final quarter and full year 2015 after an enormous impairment charge it booked in its fourth quarter 2015 (4Q15) figures. The company said it had halted to payments of...
  • ICHCA and FEPORT join forces at global and European level to raise the profile of the cargo handling industry
    ICHCA International, the global cargo handling NGO association, has agreed to work with the Federation of European Private Port Operators (FEPORT) on matters of mutual interest. The two associations signed a formal Memorandum of Understanding on Mar 1 2016 at the ICHCA International 2016 Conference on "Bigger Ships,...
  • Seaman Guard Ohio guard families in 'shock' as bail is denied
    Bail has been denied to the six British maritime guards from floating armoury Seaman Guard Ohio, who are currently in prison in India on arms charges. The rejection of the bail plea by the Madras High Court came as a "total shock" to the families and their...
  • Most Singapore shipbuilders in red for 2015
    Singapore-listed shipbuilding companies ended 29 February mostly in the red with under-par financial performances for full year 2015 over the previous year. Most companies' financial results were hampered by poor macro-economic factors prompting them to declare losses in the fourth quarter 2015 (4Q15), which either led them to post reduced profit...
  • Sewol salvage moves forward
    The salvage of the capsized ferry Sewol continues, with appointed salvor Shanghai Salvage planning to fence in the vessel to prevent debris and oil from flowing into the Maenggol Channel as it prepares to lift the hull. Shanghai Salvage, which is the main company handling the salvage, has deployed its diving...
  • Union, registry warn against delaying STCW training updates
    The Liberian Registry has said it is concerned that there will be a significant backlog of seafarer certificates needing endorsement come the 1 January 2017 deadline to meet the latest Standards of Training, Certification, and Watchkeeping (STCW) Convention amendments. Liberia, the second largest ship registry in the world, has over...
  • South Korea mulls freight derivatives exchange
    In the wake of a highly publicised liquidity crisis affecting its shipping companies, South Korea is considering establishing a shipping exchange to facilitate the trading of freight derivatives. During the recent 8th Shipping Forum held in Seoul's Yeouido financial district, the Ministry of Oceans and Fisheries (MOF) floated this idea to...
  • Frontline figures point to tanker market health
    Frontline figures published on 29 February reflect the health of the tanker market. The fourth quarter of 2015 returned better than expected profit for Frontline and many other tanker operators have been enjoying the same economic high. Frontline have quoted their daily breakeven point for time charter equivalent (TCE) rate to...
  • Bulker, offshore woes weigh on Yangzijiang shipbuilding
    Singapore-listed Chinese shipbuilder Yangzijiang is expected to face headwinds due to the poor market for the vessels it builds, namely dry bulk carriers and rigs. This was the opinion of analysts who issued reports after the shipbuilder unveiled its 2015 results on 29 February 2016. The shipbuilder, led by...
  • Commentary: Frontline figures point to tanker market health
    Frontline figures published on 29 February reflect the health of the tanker market. The fourth quarter of 2015 returned better than expected profit for Frontline and many other tanker operators have been enjoying the same economic high. Frontline have quoted their daily breakeven point for time charter equivalent (TCE) rate to...
  • DEME and Siemens win huge EPCI contract for Hohe See offshore wind farm
    Belgium-based DEME Group's offshore marine engineering division GeoSea and German giant Siemens have won a engineering, procurement, construction, and installation contract for turbines and 71 foundations, each consisting of a monopole and transition piece, for the...
  • Container ship recovers 13 survivors off Vanuatu
    Thirteen seafarers have been rescued from a cargo ship, LC Mahalia, which sank off the Pacific island nation of Vanuatu on 29 February. The crew were picked up by container ship Forum Pacific, which had been at anchor in Port Vila, the capital. The 2008-bulit vessel was...
  • More concentrated port calls could leave shippers with fewer options in China
    Increasing deployment of mega-vessels to China ports, together with consolidation of services, may leave shippers with less choice for their China-related transportation needs, delegates learned at TPM Asia 2016. The increase in vessel size with higher carrying capacity per service is resulting in carriers reducing the number of East-West strings. At...
  • Suez container, bulk traffic decline continues in January; tanker, ro-ro business expands
    Container and bulk ships transiting the Suez Canal fell in both number and tonnage terms in January, continuing a trend of declining traffic that gained momentum in the second half of last year. The number of container ships transiting the canal fell 9% in January, from 513 to 467, compared with...

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The Loadstarweb site
MARCH 1, 2016
  • The whiff of corruption gets stronger as Indonesian port boss is caught up in 'illegal' crane purchase
  • Bullish CEVA begins to reap the rewards of a new strategy under a new CEO
  • Keynote speaker Frank Appel reinforces DHL denial of global forwarding division sale
  • Oman port targets bigger Iran shipping ties
  • January a gloomy month for air cargo, says WorldACD
  • Logistics companies seek details of 'impossible' container weighing rule

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Marine Logweb site
MARCH 1, 2016
  • Genting Hong Kong to buy three more German shipyards
  • Newbuild jack-up damaged in shipyard crane boom collapse
  • Inmarsat: Saving lives at sea for 25 years
  • Gulf Island Shipyards delivers Marquette towboat
  • Power Barge in cooperation agreement with BWSC
  • Incat Crowther joins the search for Nessie
  • Study raises new questions on methane slip
  • Farstad takes $7.3 million loss on sale of PSV
  • ICS issues new edition of Bridge Procedures Guide

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World Wide Shipperweb site
MARCH 1, 2016
  • Giant CMA CGM box ship arrives at Pier 18 in Seattle
  • Port of Olympia finance director in line for top executive honor
  • Maritime Administration issues reports on repowered Puget Sound tugboats
  • Port of Everett issues RFQ for Fisherman's Harbor hotel project
  • MacPhail, Crawford named to BC trucking commission posts

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Lloyd's Listweb site
MARCH 1, 2016
  • Glencore expects lower coal and metals output in 2016 amid net loss
    Trader also anticipates a further cut in spending this year, but says freight marketing performed well last year
  • Panalpina rules out major acquisitions as new IT platform takes priority
    But boss believes forwarding and logistics consolidation will 'progress much faster than most anticipated'
  • Rotterdam revenues rise in 2015
    Port dues and leasing income on the up, but profits fall 1.7% after debt settlement
  • GSF calls for new forum to address ultra large containerships
    Supply chain needs to come together if it is to avoid bearing the costs associated with ULCs
  • Golden Union freight affiliate wins Lufthansa partnership
    Golden Cargo and German carrier have long co-operation
  • Farstad expects further cuts ahead as it sells PSV and cuts office staff
    Announcements come alongside significant 2015 loss driven by dire PSV performance
  • ILWU and PMA breakthrough on next US west coast longshore contract
    Employers and labour signal willingness to extend existing contract beyond 2019 in move to restore shipper confidence and protect cargo base
  • Deeper capacity cuts 'a must' to trigger rate reversal
    East-west carriers need to intensify cascading, void sailings and lay-ups this year to avoid a repeat of 2015's rates blood-bath, say Drewry
  • Container shipping faces an increasingly difficult year ahead, warns AlixPartners
    Persistent global supply/demand imbalance to blame, but more industry consolidation should help
  • Scorpio Tankers delivers strong seasonally adjusted results for fourth quarter of 2015
    Recent sale of five modern product carriers bolsters balance sheet flexibility
  • MayBulk posts its first ever annual loss amid vessel impairments
    Company expects yet another challenging year for dry bulk shipping
  • Star Bulk trims orderbook amid steep losses in the fourth quarter
    Delay in $188m instalment payments for five newbuilding vessels to extend cash runway
  • Bumi Armada swings to net loss in 2015 on non-cash and impairment charges
    Company cut selling and distribution costs and administrative expenses in the year
  • Bahri to buy VLCC from Hanjin Shipping
    The 318,000 dwt Hanjin Ras Tanura will be delivered to Bahri in March
  • VLCC spot earnings fall to six-month low
    Owners, though, remain bullish on prospects

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The Journal of Commerceweb site
MARCH 1, 2016
  • Shippers planning risk strategies to counter alliance shake-up
  • Why does venture capital love logistics startups so much?
  • US shippers move to head off future West Coast labor disruptions
  • VIDEO: DHL CEO Frank Appel challenges industry to innovate
  • UPS: Third-parties to play role in verifying container weights
  • US Coast Guard: SOLAS container weight guidelines not mandatory
  • CEVA earnings jump for year, slip in fourth quarter
  • Intermodal service improves, but shippers say problems remain
  • TRAC Intermodal buys road service repair provider
  • MacPhail named trucking commissioner at Port Metro Vancouver
  • Trans-Pacific trade volumes, port shares to shift on M&As
  • ILWU, PMA open door to contract extension
  • Mega-ships, string reductions could limit shipper options in China
  • Indian Railways targets more containerized freight

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TradeWindsweb site
MARCH 1, 2016
  • Navigator Aries repair bill nearly $10m
    Cost of repair of LPG carrier to be mostly covered by insurance as ship nears return to duty.
  • West coast LPG terminal project halted
    Canadian firm says it will not go forward with plans to develop export dock.
  • Fredriksen's billions slip as rivals rise
    Norwegian tycoon drops 13 places in Forbes ranking, but Apontes and Eyal Ofer gain ground.
  • Eagle Bulk gets three more days for talks
    Amid closely watched loan talks, New York bulker owner's forbearance with lenders stretched.
  • 50 tankers waiting to unload in Rotterdam
    Highest number of vessels since 2009 illustrates shrinking onshore storage capacity.
  • Lithuanian Shipping's bulker fleet put up for auction
    Bankrupt owner's five ships put under the hammer by administrator after court order in Klaipeda.
  • GSL flips to black but eliminates dividend
    New York-listed containership owner reports better-than-expected profit but remains cautious.
  • Pha Rung yard adds two more tankers
    Vietnamese shipbuilder clinches another contract for chemical carriers from Korea.
  • OSG surges to $284m profit in 2015
    US shipowner finds itself in the money for 2015 as it takes a boost from both crude and product tankers.
  • Diana hit by boxship impairment
    Greek owner falls into the red during fourth quarter after booking charge on scrapped vessel.
  • Chinese redundancies could hurt yards
    Government plans to lay off millions of workers are likely to affect depressed domestic shipbuilders.
  • Scorpio Tankers takes handymax trio
    US-listed owner expanding fleet with charter deal for ice-class products tankers.
  • Grupo TMM hit by tax provision
    Mexican tanker and OSV group upbeat on operating figures despite non-cash charge in Q4.
  • Eimskip holds firm in fourth quarter
    Icelandic containership owner equals 2014 profit in final three months as revenue increases.
  • Volstad Shipping misses coupon payment
    Norwegian company in negotiations over amended bond terms and a vessel under construction in Turkey.
  • Skipper killed in boxship smash
    Taiwanese authorities search for another fishermen after collision involving domestic container vessel.
  • Havila misses payment to bondholders
    Norwegian owner fails to honour its financial commitments, with restructuring negotiations still ongoing.
  • New boss for Kawasaki Heavy
    Japanese shipbuilder announces new president to take over the hot seat in June.
  • TNG posts $5m profit in debut year
    Fleet expansion pays off for Croatian MR tanker specialist after 2015 IPO.
  • Paragon splits shares to boost price
    Greek bulker owner reduces Nasdaq float in bid to comply with $1 listing requirement.
  • Farstad Shipping disposes of PSV at a loss
    Norwegian owner reveals vessel sale and considers offloading four more ships.
  • Navigator Holdings profit edges down
    Wilbur Ross-backed LPG carrier owner saw earnings drop as utilisation fell following collision.
  • Eidesvik cuts crew hours, rejigs loans
    Offshore player outlines plans to combat downturn as impairment keeps it in the red.
  • Coastal Contracts clinches triple OSV order
    Malaysian shipyard wins deals totalling $44m, including five other smaller vessels.
  • Impairments down Icon Offshore's Q4 results
    Write-downs on vessel values and goodwill take their toll at Malaysian offshore vessel operator.
  • Sealink International bleeds red ink
    Malaysian offshore player hit by impairments as well as foreign exchange and joint venture losses.
  • Swiber Holdings slips into the red for 2015
    Singapore offshore contractor says lack of gains from disposals a contributing factor in poor results.
  • Star Bulk strikes deal to ditch newbuildings
    Shipowner axes four newbuildings, pushes back five and reports wider fourth-quarter loss.
  • GulfMark slashes costs, exits Brazil market
    Offshore vessel owner delivers smaller-than-expected loss and reveals vessel sale.
  • Offshore, inland hurt Seacor results
    Results at New York-listed company also pinched by equity stake writedowns.

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American Shipperweb site
MARCH 1, 2016
  • Gulftainer shuffles C-level management
  • ZIM launching service to Guyana, Suriname
  • BNSF continues to expand profits in 2015
  • Dachser opens in Minneapolis
  • OEC Group takes over Ryder CRSA Logistics
  • U.S., Europe making 'real progress' in T-TIP talks
  • Damco expands in Vietnam
  • Alaska Air simplifies cargo pricing
  • Rotterdam port profits fall 1.7% in 2015
  • Appel: DHL forwarding unit not for sale

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The Bunker Bulletinweb site
MARCH 1, 2016
  • BIMCO adds clause on 'Sale of Goods Act' in bunker purchase contract
    Hopes UK Supreme Court 'will soon provide much needed clarity' in OW Bunker case.
  • Istanbul: Bunkering resumes, annual bunker sales up
    Annual sales pass 2 million mt mark.
  • CORRECTION: S Arabian Jeddah's bunker fuel supplier pool shrinks, availability tightens
    Only three currently active as players halt operations due to poor market conditions.
  • Med-North 1% fuel oil spreads drops to 18-month low on freight rates
    Supply glut may mean the restart of sales into the high sulfur pool.
  • Oil complex rises as China announces stimulus measures
    The People's Bank of China announced that the required reserve ratio for Chinese banks would be cut by 0.5 percentage points.

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