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23 September 2021 The on-line newspaper devoted to the world of transports 22:18 GMT+2

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Sched Netweb site
MARCH 9, 2016
  • CMA CGM net profit slips 2.9pc to US$567 million as sales fall 6.4pc
  • Drewry: HMM, Hanjin near merger, but insiders say too much overlap
  • ICTSI profit plunges 64pc absorbing special charges, but sales only down 1pc
  • Maersk's Seago to launch Liverpool UK, Spain, Med, North Africa service
  • US shippers avoid NY-NJ labour strife by using cheaper and better Montreal
  • UASC launches weekly service spanning west Med to India via Persian Gulf
  • Ex-OW Bunker CEO charged with 'serious crime' in Danish court
  • FedEx joins UPS opposing CP-Norfolk merger as 'deal means higher costs'
  • Estonia's Tallinn sees February box volume drop 5.5pc to 15,435 TEU
  • Verisk's CargoNet, Florida Trucking Association join to cut cargo theft
  • Old Dominion Freight Line makes declining gains in January and February
  • Asia Pacific Rail to draw 2,000 to HK Conference & Ex Centre March 22
  • Airbus draws line at giving China means of production in widebody market
  • Air France-KLM tackles temp-sensitive cargo with 'Kold Karts'
  • US DOT mulls 8 pleas from US airlines for Cuban services with air cargo
  • India's top 10 air forwarders lose market share despite +100pc growth

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Exim Indiaweb site
MARCH 8, 2016
  • CMA CGM's 2015 results & margins remain firm in a difficult environment
  • Comparison of GHS & Transport Classification
  • Shipping Ministry seeks alternative financing to develop inland waterways
  • APM Terminals Inland Services, South Asia & BARC innovate with environment-friendly in-situ biodegradation technology for perishable cargo
  • Cyril C. George appointed Chairman In-Charge of Chennai Port Trust
  • CWC's 59th Foundation Day celebrated at Gandhidham CFS
  • Cargotec completes acquisition of maritime software company INTERSCHALT
  • CONquest 2016 to focus on private sector participation in logistics & freight movement
  • CTL BHP 2016

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International Transport Journalweb site
MARCH 9, 2016
  • Teamwork reduces empty shunter runs
  • New CEO for Austria and Southeast Europe
  • First US-built Airbus exits paint shop
  • Over half million HGVs off NZ roads in H2/2015
  • New magic wand for Trailer Wizards
  • Locating right spots for LNG supplies
  • Contract signed and sealed
  • New railcar lessor takes to US rails
  • BSM goes blue for Cyprus
  • Flensborg now represented in South Africa
  • Chep and Air Europa extend ULD management pact
  • EUR 1.2 billion for roads in Hungary
  • CMA CGM grows despite difficult environment
  • Logimat laurels for software developers
  • Iata sees solid start for airfreight in 2016
  • Group CCO bowing out of Freja

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IHS Maritimeweb site
MARCH 8, 2016
  • Tilbury USD142 million expansion following land acquisition
    Forth Ports, owner of the UK River Thames port of Tilbury, has entered into an agreement to buy an adjacent 61.5 ha of land, including a further deepwater jetty, and plans to spend GBP100 million (USD142 million) to develop it. The land purchased...
  • EU ports regulation not good news for the shipping market, say owners and ports
    A controversial ports regulation has been adopted by the European Union, which shipowners and UK ports say will undermine the performance of ports in Europe. The EU Port Services Regulation, a proposal twice before rejected by...
  • Bumi Armada to pursue legal proceedings against contract termination
    Malaysia-listed offshore player Bumi Armada may resort to legal proceedings against an "unlawful" termination of contract by the Australia-based Woodside Energy Julimar (Woodside). "The company intends to fully enforce its rights under the contract, including initiating legal proceedings against Woodside for its unlawful purported termination of the contract." said Bumi Armada...
  • COSL's two drilling contracts suspended in Norway
    Statoil has terminated one drilling contract with Shanghai-listed China Oilfield Services Limited (COSL) and suspended another. Its subsidiary COSL Drilling Europe (CDE) was notified by Statoil that the conditions for terminating the drilling contract numbered 2001150 have been met, and the contract numbered 2001151 will be suspended since...
  • V.Group buys up Bibby Ship Management
    Top ship manager V. Group has reinforced its market leadership by taking control of Bibby Line Group company Bibby Ship Management in an operation which it says is aimed mainly at strengthening its position in the offshore sector. The two groups have declined...
  • Boskalis awarded gas pipeline trenching and backfilling contract in Abu Dhabi
    Papendrecht, 8 March 2016: Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract from the National Petroleum Construction Company of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Company as well as to an existing offshore...
  • Iran a possible panacea for South Korea's yards
    Beleagured South Korean shipbuilders could look to Iran to fill their orderbooks following the lifting of sanctions, analysts have suggested to IHS Fairplay. Despite posting a record KRW5.15 trillion (USD4.2 billion) loss for 2015 on Monday, Daewoo Shipbuilding & Marine...
  • HHIC wins Busan New Port project
    South Korean shipbuilder and construction firm Hanjin Heavy Industries & Construction has been awarded a KRW88.5 billion (USD73.4 million) contract by the Busan Port Authority to develop the hinterland of Busan New Port's South Container Terminal. The contract will provide much needed business for HHIC,...
  • Korea EXIM grants shipping companies reprieve on loan-to-value breaches
    As the asset values of many ship types have been depreciating quickly, the Export-Import Bank of Korea has granted a one-year grace period to the country's shipping companies, giving them relief from loan-to-value (LTV) covenant breaches. The depressed Baltic Dry Index has hit...
  • ICTSI books decline in net income and revenue for 2015
    International Container Terminal Services (ICTSI) saw net income and revenue fall during 2015 despite a 5% rise in throughput at its global terminal operations. The Manila-based company booked net income of USD58.5 million, a decline of 68% on 2014, while revenue feel by 1% to USD1.051...
  • Fortescue announces joint venture with rival Vale
    In a surprise move, Australian iron ore producer Fortescue on Tuesday announced it had struck a deal with former rival Vale of Brazil. A non-binding memorandum of understanding will allow Vale to buy between 5% and 15% of...
  • Chinese ship recyclers post lost of over USD77 million in 2015
    China's ship recycling sector posted a loss of over CNY500 million in 2015, CNY200 million more than 2014, according to data released by China National Shiprecycling Association (CNSA). The sector recorded a revenue of CNY3.4 billion (USD524 million) in 2015, a decrease of 13% from CNY3.9 billion...
  • Two missing after tug, tanker collision off Indonesia
    Two of the four crew from a tug that sank off Pulau Rupat, Indonesia, are still missing after it collided with an ltaly-flagged oil tanker, Mare Tirrenum. The incident occurred on 7 March 2016 at 0030 h local time while Mare Tirrenum was underway from Singapore to Dumai,...
  • Oman and Iran to develop all-water and trade links as major ports sign MoU
    Oman's Port of Salalah signed a memorandum of understanding (MoU) with the Port and Maritime Authority (PMO) of Iran to cooperate with two Iranian ports. Under the agreement an all-water route between Salalah, which is 30% owned by APM Terminals, Shahid Rajaee Port at Bandar Abbas, and the southeastern Iranian port...
  • Historic debut of US ethane export trade is near
    The first-ever seaborne cargo of US ethane should soon be loaded for export at the Marcus Hook terminal near Philadelphia, Pennsylvania, marking the emergence of an entirely new oceangoing trade. The first four of Evergas' eight 27,500 cubic metre (cbm) LNG/ethane carrier newbuilds have...
  • Largest US environmental dredge project finalised
    US regulators have signed off on a scheme to remove contaminated sediment from a polluted river in New Jersey in what would be the largest American environmental dredging project to date. According to a final plan released by the US Environmental Protection Agency (EPA) on 4...
  • Boskalis, DEME and Van Oord among preferred bidders for Fehmarnbelt link
    The EUR6 billion (USD6.6 billion) Fehmarnbelt Fixed Link project has named consortia involving European dredging giants Boskalis, DEME, and Van Oord as preferred bidders for the four major construction contracts - with the aim of entering conditional contracts no later than...

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The Loadstarweb site
MARCH 8, 2016
  • 'Adapt and optimise' the strategy for stormy financial waters, says CMA CGM chief
  • Welcome for UK review of fines for truckers carrying hidden illegal immigrants
  • Analysis: Expeditors shareholders want greater value, despite 'best year ever'
  • Women in logistics - they are there and it's time more had a voice at industry events
  • MASkargo: Here to stay and keeping freighters
  • How many supply chains do you really need?
  • Air freight makes a solid start in 2016, says IATA

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Marine Logweb site
MARCH 8, 2016
  • Sanmar delivers first VectRA 3000 tractor tug
  • BAE San Diego awarded $28.2 million contract mod
  • Rolls-Royce propulsion for LNG fueled fish food carrier
  • Transocean defers delivery of five jack-ups
  • Bollinger delivers Fast Response Cutter USCGC Donald Horsley
  • V. Group acquires Bibby Ship Management

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World Wide Shipperweb site
MARCH 8, 2016
  • Port of Everett calling for bids to move Weyerhaeuser Building
  • U.S. Shipping Corp. earns award for environmental/safety efforts
  • Port of Olympia part of team providing Purple martins new homes
  • Port of Seattle begins program to fund tourism development
  • Coast Guard responds to sinking vessel near Seattle

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Lloyd's Listweb site
MARCH 8, 2016
  • Port Services Regulation passes EU Parliament
    Industry poised to continue lobbying efforts as text moves closer to adoption
  • Vafias grabs eight-year-old cape for $10.8m
    C Winner goes to Greek owner after repossession by KDB Capital
  • Transocean delays five rigs at Keppel
    Delivery of jack-up units pushed back by four years
  • Supramax trajectory is firmly up, with rates around six-week highs
    Emerging appearance of prompt tightness and grains exports support owners' sentiment
  • Attica celebrates 'new era' with $33m profit
    Best result for years came despite ongoing challenges
  • Backing the Union
    Lloyd's List talked to Alderman Jeffrey Mountevans, the 688th Lord Mayor of London, at his Mansion House offices, about the perils of a Brexit, the risk of competition from global maritime centres, and training maritime professionals of the future
  • Wave of new legislation to crash down on chemtankers
    Regulation covering cargoes will create extra administrative and cost burdens for shipowners and operators
  • O Shipping IPO where art thou?
    Total returns of shipping IPOs have lagged the broader stock market due to declining oil prices
  • Two Lanhai Shipping panamax bulkers up for sale
    Bid will start on March 24 at a combined floor price of $13.5m
  • Top ILWU official joins protests over USCG stance on box weighing
    Local 13 president Bobby Olvera calls for accurate container certifications as some shipper groups resist new IMO rules
  • ICTSI reports 68% decline in net profits
    Disappointing profit result comes despite 5% climb in global volumes
  • NYK, MTI and JMU to carry out big data research on 14,000 teu boxships
    Data collected will be stored at a centre established by ClassNK
  • Further changes to EU Port Services Regulation ahead
    Opponents fear regulatory creep if legislation passes EU parliament
  • Chevron expects first cargo from Australia's Gorgon LNG project next week
    Chevron is the operator of Australia's Gorgon LNG project, with a 47.3% stake
  • India's VO Chidambaranar Port breaks container throughput record
    Port handled about 5.61m teu of container volumes as of March 6 this year
  • Diana Shipping unit clinches time charter contract with RWE
    Present charter rate lower than previous $8,250 per day rate paid by Clearlake Shipping
  • Port of Salalah inks pact with Iranian port authorities
    Agreement will help grow shipping, trade and business opportunities

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The Journal of Commerceweb site
MARCH 8, 2016
  • Negative growth on Asia-Europe trade spills into 2016
  • Trucking hits hiring roadblock as US unemployment drops
  • NY-NJ port makes new pitch for truck replacement program
  • Trucking companies in Europe rev up, despite protectionism
  • Acquisition to boost Mobile Air Transport's Canada presence
  • US imports set to plunge in March
  • China clears way for more meat imports from Brazil
  • Slide show: Fastest-growing US export ports
  • Rotterdam profit down as revenue rises and traffic hits all-time high
  • Global air cargo off to strong 2016
  • MSC adds Hazira to India-Africa service
  • Net income, revenue fell as volume rose at ICTSI in 2015
  • Oman inks deal with two Iranian ports
  • Decline in China exports accelerates in February

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TradeWindsweb site
MARCH 8, 2016
  • Grim sign for peers as Diana downgraded
    Deutsche Bank analyst cuts bulker owner as worse-than-anticipated cash flow may require lender talks.
  • Exmar ends deal with partner on FLNG project
    Caribbean LNG plan officially ends as Exmar looks to place vessel elsewhere.
  • Six arrested over fraud allegations at ARS
    Authorities suspect shipyard officials and former provincial authorities of creating phantom positions at Argentine shipyard.
  • Sobelmar seeks OK to file Belgian bankruptcy
    Already under Chapter 11 protection in Connecticut, bulker owner says it must file in Belgium.
  • Marine Atlantic to fight legal challenge
    Government-controlled ropax owner defends subsidy that maintains public service operation.
  • Aframax rates recover as Ceyhan clears
    Brokers cite more limited supply at Turkish port as helping route recover from lows.
  • India 'facing offshore crew shortage'
    Seafarer union asks for government help to combat lack of workers for oil exploration.
  • DIS plans to boost coverage during 2016
    Marco Fiori says owner plans to reduce spot exposure steadily.
  • Oldendorff sells Eships tanker and LPGC fleet
    Expanding Dubai shipowner Tristar boosts chemical and gas operations with $90m deal for seven ships.
  • Bibby: Need for scale drove sale to V.Group
    Sir Michael Bibby explains when Bibby Ship Management was sold.
  • SM eyes partial SPP yard takeover
    South Korean group is sole bidder for shipbuilder, but may not want all its sites.
  • Boskalis seals new 50km dredging contract
    Dutch owner deploying variety of ships in Abu Dhabi for gas pipeline work.
  • Torm looks to UK on path to US listing
    Danish owner plans to register a company in Britain to help it with New York dual-listing.
  • Clarksons Platou cuts OSV trio to sell
    Analyst Turner Holm downgrades GulfMark, Tidewater and Hornbeck after price recovery this month.
  • CMV adds P&O cruiseship to fleet
    UK-based operator bringing in Australian veteran as its new flagship from 2017.
  • SK Shipping denies tax evasion
    Korean owner says probe by authorities appears to be part of regular audit.
  • V.Group in Bibby Ship Management swoop
    Market leader grows its footprint with acquisition of British rival.
  • Rem Offshore lays up another PSV
    Norwegian owner stacks fifth supply ship in Fosnavag after finishing charter.
  • V.Ships in Bibby Ship Management swoop
    Market leader grows its footprint with acquisition of British rival.
  • Gulf Navigation restructures board
    Middle East tanker owner appoints seven directors and independent chairman after shake-up in January.
  • Brussels pledges demo guidelines as Belgium signs HK rules
    European Commission to publish details for yard applications to European rules, while Belgium becomes the fourth nation to sign Hong Kong convention.
  • Torm eyes growth after strong annual profit
    Products tanker giant sees bottom line boosted by best spot market since 2008.
  • Bigger is better for Seaspan
    US-listed boxship owner pushes up revenue and profit in Q4 as fleet grows.
  • Final bids in for $1.4bn ferry contract
    Scottish government has to decide between Calmac and Serco for eight-year deal.
  • Rafelia 2 operator's licence revoked
    Indonesia bars Darma Bahari Utama from running ferry services after fatal sinking.
  • Car carrier refloated off Colombian port
    Ray-controlled PCTC Platinum Ray runs aground but problem solved within hours.
  • CMA CGM profit dips amid difficult trading conditions
    Jacques Saade-led containership operator expects market-beating cargo volumes again in 2016.
  • CMA CGM nears 5% threshold in Neptune Orient Lines
    French liner giant steps up stock purchases with recent purchase of a block of 700,000 shares.

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American Shipperweb site
MARCH 8, 2016
  • GSF: Container carriers must address poor quality of service
  • U.S. restricts exports to China's ZTE Corp.
  • Moody's forecasts sluggish global growth, but no recession
  • Port of Charleston goes solar
  • Seaspan reports strong Q4, full-year financial results
  • Maersk adds new port call in Egypt
  • Austrian Post to sell German logistics subsidiary
  • Senate antitrust subcommittee members voice concerns over CP-NS deal
  • CMA CGM 2015 profits, revenues drop despite increased volumes
  • Ocean carriers enhance Asia-ISC loops
  • Port of Salalah signs MOU with Iranian ports
  • Forth Ports enters land purchase agreement at Tilbury
  • Wärtsilä: Shortcuts led to improper testing of ship engines
  • Drewry: HMM-Hanjin merger a 'very real possibility'
  • Irish Continental Group marine operations report strong 2015 results
  • U.S. initiates import duties on Chinese stainless steel
  • AGRO Merchants develops storage facility at Rotterdam
  • UPS Worldwide Express adds 23 locations to its network
  • GRI Roundup: CMA CGM and Hapag-Lloyd
  • Executive Moves: Cargill, International Business Systems and ClassNK
  • U.S. exports continue slide in January
  • Infrastructure, trade take center stage at Democratic presidential debate

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The Bunker Bulletinweb site
MARCH 8, 2016
  • US Gulf Coast bunker fuel prices highest in months
    US Gulf Coast prices rise as Brent crude reaches highest level since Dec 4, 2015.
  • Oil trading higher on Chinese growth target, US rig count
    A Bollinger Band analysis revealed both NYMEX crude and ICE Brent hovering Monday above their upper limits.

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