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23 September 2021 The on-line newspaper devoted to the world of transports 23:59 GMT+2




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Sched Netweb site
MARCH 7, 2016
  • A-E rate down 10.1pc US$231/TEU, Asia-Med off 11.3pc
  • Panama Canal draft restrictions on Gatun Lake to remain until mid-April
  • Kuehne + Nagel's war chest brims as it hunts for acquisitions anew
  • Hyundai and Korean Development Bank speed plan to restore HMM's health
  • Black Sea suffers 26pc drop in box volume in 2015 as trade declines
  • Maersk's Star Cool refrigeration unit software to halve energy consumption
  • Revived Thames shipping activity prompts recruitment of 12 river pilots
  • Wilhelmsen offers risk reduction methods to avoid stringent MARPOL fines
  • US Amazon takes on British grocery giants in online food delivery
  • Rickmers-Linie moves biggest Siemens gas turbine to plant in Turkey
  • Cathay hit by wrong-way hedging - just like last year and 2008-09
  • Kuehne+Nagel expects new lithium battery regulations to increase costs
  • Alaska Air simplifies all-in cargo pricing for customers
  • Amazon overtly ran 'trial ACMI express network' in Ohio with 4 B767Fs
  • Yusen slips into medical gear sector with acquisition of Hitech Asia-Pacific

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International Transport Journalweb site
MARCH 7, 2016
  • Shift2Rail supporting 28 DB projects
  • Chinese car part supplier rents warehouse space
  • Calgary still top cargo airport in Alberta
  • Seago and WEC set course for England and Ireland
  • Target entices Valdez away from Amazon
  • NS putting three into two
  • Washing and repairing reusable transit packaging
  • PD Ports expands commercial team
  • Breakdown prevention service for trailers
  • Service upgrade by Tarros
  • Launch customer for Q300F with a large cargo door
  • New subsidiary in Cologne
  • New harbour "mistress" for Gothenburg
  • More freight moving by trucks
  • CMA CGM goes west
  • Balkan carrier lifts 39% more cargo

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IHS Maritimeweb site
MARCH 4, 2016
  • Public shipping sector awash in reverse splits
    The reverse split announced on 4 March by bulker operator NewLead Holdings is the latest in an unprecedented string of such manoeuvres by US-traded shipowners seeking to maintain their public status. To remain on NASDAQ or NYSE, a company's stock must maintain a...
  • Marine insurer warns on crane risks
    A risk expert from a specialist insurer has called on port and terminal operators to put crane safety higher on their agendas. Transport insurance specialist the TT Club has called for a greater focus on the threat of fatigue cracks in cranes,...
  • GAIL sets new deadline for hiring LNG ships
    India's biggest shipping tender, worth about USD7 billion, floated by state-run natural gas firm GAIL (India) to hire as many as 11 new LNG ships to haul gas 5.8 mmtpa of LNG from the United States, has been postponed...
  • Bremer Landesbank to prune ship lending by 30%
    German state bank Bremer Landesbank will cut back its ship mortgage loan book by 30% by the end of the decade. Its head of ship finance, Ulrich Kropp, told the BDO Arbicon shipping forum in the northwest German town of...
  • EcoCoaster short-sea vessel launched
    An new breed of fuel-efficient, environmentally-considerate cargo vessel for the short-sea trades is scheduled to make her debut with Finland's progressive Meriaura Group towards the end of July this year. As the first of a pair ordered from...
  • US west coast ports race to get ready for CMA CGM mega-ships
    Thursday's announcement by CMA CGM that from the start of May the carrier's Pearl River Express service will operate each week with mega-ships carrying up to 18,000 teu...
  • Comment: Does India's shipbuilding 'adventurism' make sense for its fleet owners?
    India's frantic efforts to prop up the 'Make in India' initiative of Prime Minister Narendra Modi and create a reliable market for its struggling shipyards have prompted the shipping ministry to suggest that state-run fleet owners such as Shipping Corporation of India and Dredging...
  • Hyundai Group chair quits HMM
    Hyundai Group chairwoman Hyun Jeong-eun has decided to resign as chairwoman of Hyundai Merchant Marine and from the latter's management. Her decision comes as HMM will execute a consolidation of its stocks to reduce its capital to KRW173.2 billion (USD 143 million) from KRW1.2 trillion...
  • Sainty Marine's losses expanded in 2015
    Shanghai-listed Sainty Marine has posted a loss of CNY5.3 billion (USD814 million) for the full year 2015, slumping 195% from the loss of CNY1.8 billion posted in its last set of fiscal results. The company's...
  • MISC open to acquisition opportunities in offshore
    Malaysia-listed MISC is open to acquisition opportunities in the offshore segment thanks to its strong cash reserves and a robust balance sheet. "The current weak oil and gas market may potentially open up acquisition...
  • Fincantieri expected to support VARD
    Italian shipbuilder Fincantieri is expected to provide financial support for its subsidiary, Singapore-listed Norwegian ship builder VARD, and this should cushion any impact from the weak oil market. VARD specialises in offshore support vessels, and the collapse in oil prices...
  • We are still in tanker business, says Hanjin Shipping
    South Korea's Hanjin Shipping has told IHS Fairplay that it intends to stay in the tanker business despite selling its only owned oil tanker. Hanjin Shipping, which has been selling a number of assets and businesses since 2014 to bolster its liquidity, told IHS Fairplay that the...
  • CSBC targets revenues of USD761 million for 2016
    Taiwanese shipbuilder China Shipbuilding Corporation (CSBC) is expected to generate revenue of TWD25 billion (USD761million) for the whole year of 2016. This will represent 16.5% annual growth, according to CSBC general manager Chen Feng-lin. CSBC is...
  • Ex-OW Bunker top executives charged with fraud
    Former top executives of the now-defunct OW Bunker have been charged with fraud by the Danish court, and further charges may be brought against other senior executives in the state prosecution process. Among the accused are Jim Pedersen, ex-CEO of OW Bunker;...
  • Clear strategy crucial to supply chain visibility, shippers say
    Pursuit of supply chain visibility is a continuous process that is struggling to succeed in a world of increasingly complex and globalised supply chains. A panel of large shippers and IT service providers at the TPM 2016 conference in Long Beach agreed that improved visibility can give organisations a substantial...
  • Tallink displays record numbers for 2015
    The biggest Baltic shipping company and largest Estonian enterprise unveiled impressive leaps in its unaudited figures for 2015. Revenue was an all-time high at EUR954.2 million (USD1,038 million), which resulted in its net profit more than doubled to EUR59.1 million reflected in its earnings per share...
  • China launches new landbridge services to Russia and Iran
    Two rail services carrying cargo overland from Chinese cities to Iran and Russia were launched in February. A train with 47 containers loaded with USD1.46 million in Chinese-made bicycle parts and light industrial products that departed from Harbin, capital of northeast China's Heilongjiang Province, is due to arrive in Russia's fourth...
  • Carriers request clarity from US on container weight rules
    Hours after testifying on Capitol Hill that he foresees no disruption to maritime commerce when the IMO's new container weight rules go into force 1 July, US Coast Guard Commandant Paul Zukunft was asked by the world's largest containership group to reverse...
  • Teekay lawsuit is likely to be outlier, not trendsetter
    Is the newly filed shareholder suit against Teekay Corp and its top officers a sign of things to come, as depressed stock pricing fuels investor backlash? At least one prominent attorney believes the answer is 'no' and that the current down-cycle will result...

free news
The Loadstarweb site
MARCH 4, 2016
  • 'Anti-union' DHL operates a 'hostile' and 'repressive' environment for workers, claims new report
  • EU port regulation aimed at boosting state-run ports poses 'significant risks' to UK sector
  • CMA CGM moves its mega-ships to the transpacific as Asia-Europe rates keep tumbling
  • Shippers prepare risk-mitigation plans ahead of anticipated boxship alliance shake-up
  • Logistics firms in search of Big Data may gain more by digging deeper for Small Data
  • US exporters do not need to weigh containers for SOLAS, says USCG

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Marine Logweb site
MARCH 4, 2016
  • Drew Marine acquires Iridium specialist NAL Research
  • Researchers figure out how to stop propellers singing
  • Farstad: Another sale, another loss
  • Eastern launches another Z-Tech 2400
  • GAO to Navy: Stop rewarding yards for making mistakes
  • Electric Boat gets $29.9 million mod to SSN 785 contract
  • ILWU's first Safety Award goes to Foss Maritime

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World Wide Shipperweb site
MARCH 4, 2016
  • Poll finds Puget Sounds voters not backing SoDo arena scheme
  • Series of open houses to discuss Sea-Tac Airport master plan
  • Giant CMA CGM container ships set for US West Coast to Asia run
  • Oregon international trade board releases list of recommendations
  • DOT trade projections predict big gains in freight movement

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Lloyd's Listweb site
MARCH 4, 2016
  • Cargill appoints new head for dry bulk shipping unit
    Previous chief moves to agricultural supply chain business unit
  • A tale of two tanker types
    Chemicals and products vessels sail on divergent courses as both industries prepare to meet next week in London
  • CMA CGM's pledge to grow APL reassures customers and staff about line's future
    Top CMA CGM executive Nicolas Sartini moves to Singapore to work with APL president Ken Glenn on integration process as two sides aim for mid-year completion
  • George Pateras elected president of Hellenic Chamber
    Shipowner succeeds long-running head George Gratsos
  • NewLead effects one-for-300 reverse stock split
    Move is supportive of aim to list company's stock on the OTCQB
  • Spot market hits new lows
    Freight rates collapse across the board as supply/demand imbalance deepens, while on the Asia-Europe trade there are reports of Maersk offering rates at reduced prices to maintain market share
  • OW Bunker executives charged by Danish state prosecutor
    Pederson, Skou and Moller named in media reports
  • Hyundai Merchant Marine chairwoman resigns as shares slump 21%
    HMM to reduce capital and halt trading of shares
  • SSY chairman Welham to retire in 2017
    Simpson Spence Young vice-chairman Mark Richardson to take up role of chairman of world's largest independent shipbroker
  • US container exports face mixed outlook this year
    Deteriorating inland infrastructure is a bigger obstacle to trade than the strong dollar
  • Hyundai Merchant Marine mulls tanker fleet sale
    Options being assessed for company's restructuring plan
  • Hapag-Lloyd looks to build up special cargoes business
    Special teams of staff to be formed for the Asian and North and South America markets
  • Safe Bulkers gets loan extension from Unicredit Bank
    Amendment will push back balloon payment from 2019 to 2022
  • Disney Cruise Line orders two vessels from Meyer Werft
    The cruiseships will be around 135,000 gt and are due for delivery in 2021 and 2023
  • Growing China impact on product tankers demand
    China's new product export quota offers employment opportunities for product tanker owners
  • VLGC spot rates dip to fresh low
    Owners having been chasing cargoes and there has been a lack of arbitrage opportunities for VLGCs

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The Journal of Commerceweb site
MARCH 4, 2016
  • Temp-control services offset soft market for rail logistics providers
  • Strong US dollar could cost ports funding
  • US truck regulators propose more driving hours for licensing
  • Chinese New Year keeps trans-Pacific rates depressed
  • AgTC backs Coast Guard admiral's SOLAS interpretation
  • Asia-Europe container spot rates near all-time low
  • More India mainline services calling Mundra
  • China, Russia, Iran connected by new rail services
  • CMA CGM consolidates India coverage

news on subscription
TradeWindsweb site
MARCH 4, 2016
  • Lines to enforce box weights, even sans US
    Holland & Knight says Coast Guard talk on container weighing confusing, but measures will continue to march forward.
  • Golar unit and ExxonMobil in LNG deal
    A proposed power plant along the coast of Brazil could use US-sourced LNG in future.
  • Marine stocks ending strong week with a pop
    US-listed shares benefit from 'relief rally' with Eagle Bulk skyrocketing.
  • Golar unit, ExxonMobil in LNG deal
    A proposed power plant along the coast of Brazil could use US-sourced LNG in future.
  • VLCCs regain some ground in tough week
    Large tankers claw back upward Friday but end week on a low.
  • Boskalis and Van Oord win $330m contact
    Dutch consortium set to conduct dredging work for vast Fehmarnbelt project connecting Germany and Denmark.
  • Kranship wins Yamal icebreaker order
    Russian shipyard to build icebreaking tug for state LNG project.
  • Bondholders slam Atlantic's restructuring
    Norwegian owner sees its latest recapitalisation proposal almost unanimously rejected.
  • Korean orderbook lowest for 12 years
    Total ship contracts at yards fall below 29m cgt for first time since 2004.
  • Cargill appoints new shipping head
    Jan Dieleman relocating from US to Europe to manage charterer's expanded headquarters.
  • Viktor Lenac posts 2015 profit
    Croatian shipyard made $3.1m last year as demand increased more than expected.
  • Containership double for Ben Thuy
    Vietnamese shipbuilder signs up for two boxships for Hiep Phuoc Transport.
  • Last two WWS ships blocked in Brazil
    Norwegian owner faces possibility of being left without any vessels under contract.
  • CMA CGM: no IRISL alliance talks
    French line denies report it is looking to include Iranian carrier in new boxship group.
  • Indonesian ferry sinks off East Java
    More than 50 people rescued as passenger vessel capsizes on Friday.
  • HMM shares sink as Hyun steps down
    Troubled owner's plan to cut its capital are followed by big stock price decline and chairwoman's resignation.
  • Indonesian ferry sinking off East Java
    More than 50 people rescued as passenger vessel capsizes on Friday.
  • HMM shares drop by biggest margin in 20 years
    Investors' reaction to troubled company's plans to cut capital sees it lose 21% of value.
  • WISL workers charged over wage protest
    400 employees of Indian repairer held rally in Vasco over salary arrears.
  • Three ships go adrift in French storms
    Konig & Cie boxship among vessels to have needed tows in bad weather this week.
  • Farstad sells another vessel for a loss
    Norwegian owner offloads veteran anchor-handler as it adjusts to downturn.
  • CMA CGM commits megaships to Pacific
    French line confirms it will run the first ULCs between Asia and the west coast of the US.
  • Salvors look to lighter grounded Suez Canal capesize
    Cargo to be partially offloaded from stranded Greek-owned vessel in bid to aid salvage effort.
  • d'Amico reports best financial year since 2009
    Italian product tanker specialist achieves 37% year-on-year increase in daily spot rate.
  • Fincantieri scores order for Jones Act ATB
    Italian shipbuilder's Wisconsin yard to build 185,000-barrel unit.
  • Four more El Faro families agree to settle
    TOTE Maritime to pay $500,000 per crew member in latest string of agreements.
  • Walt Disney goes to Germany for more ships
    US-listed entertainment group set to increase fleet to six vessels with latest newbuilding orders.

news on subscription
American Shipperweb site
MARCH 4, 2016
  • Spot container rates continue falling on major trades
  • U.S. DOT projects freight to grow 40% by 2045
  • FMCSA proposes national training standards for new truck drivers
  • Carlton retiring as CEO of the NIT League
  • CMA CGM joins Asia-Americas loop
  • World Shipping, Inc. expands operations into Canada
  • CMA CGM to deploy 'giant' containerships in transpacific
  • AAR: U.S. freight rail traffic sees slight bump in February
  • FedEx Freight joins opposition to CP-NS deal
  • FTR: Class 8 orders 'steady' in February
  • Carriers ask USCG to reverse or clarify stance on SOLAS
  • U.S. plans antidumping duties on cold-rolled steel
  • NCSP Group cargo throughput dips in January
  • FWI: Cargo theft incidents skyrocket in Mexico
  • AfA: Airlines selected for Cuba flights should offer cargo service

news on subscription
The Bunker Bulletinweb site
MARCH 4, 2016
  • China Navigation fined for using HFO in Californian waters
    An estimated 800 to 1,000 ships are subjected to inspections in California each year.
  • CORRECTION: No seagoing vessels bunkered with LNG in Rotterdam yet
    Only small amounts supplied to inland barges so far.
  • Danish fraud office to press charges on 'a couple' of former OW executives
    'These are serious charges,' says head of police.
  • Ecuador bunker suppliers keep Mar prices steady from Feb
    Despite tight supply.
  • Fujairah port approves new bunker fuel supplier Al Shareq Al Matwatset
    Its parent company is Mediterranean Eastern Enterprise.
  • India domestic bunker demand shift helps Kochi boost volume: sources
    Kochi, only Indian port which allows OPL bunkering.
  • Ecuador bunker suppliers keep Mar prices steady from Feb, despite tight supply
    Bunkerworld Latest News / 2d
  • Oil futures stay rangebound ahead of US jobs report
    Crude prices see-sawed Thursday as the market contended with record-high US crude stocks.






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