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23 September 2021 The on-line newspaper devoted to the world of transports 22:09 GMT+2

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Sched Netweb site
MARCH 11, 2016
  • CMA CGM increases Asia-North Europe rate US$500/TEU from April 1
  • Long Beach up 35.9pc - best month in history docking first 18,000-TEUer
  • China's February exports fell 25.4pc hit by Chinese New Year shutdown
  • Shipowners condemn jail term of 81-year-old master by Spanish Supremes
  • EU court upholds US$185.5 million fines for forwarder price-fixing
  • CP files preliminary proxy with SEC ahead of Norfolk Southern AGM
  • US Senators join opponents of CP takeover of Norfolk Southern railway
  • CMA CGM hikes S America-Europe, Red Sea rate US$250/FEU April 1
  • EU to China: Cut steel exports or risk being denied WTO trade status
  • French unions hamper trains to save 35-hour work week from reform
  • INTTRA demos eVGM service for new box weight verification rules over web
  • Panama port throughput up 1.77pc to 6.9 million TEU, but with mixed results
  • Deutsche Post DHL pre-tax profit falls 18.7pc to US$2.64 million
  • Shippers, ports attack mega ships for high costs, infrastructure constraints
  • APMT's new Vado terminal orders 19 compact Kalmar straddle carriers
  • FTA likes Whitehall plans to 'improve' fines for people-smuggling truckers
  • Forwarder would jump at Iran trade, but most US sanctions still in place
  • After much speculation Amazon takes plunge into providing air cargo
  • Hedge fund, PE firm makes move on troubled United Airlines with new slate
  • 'Solid' start to 2016 for global air freight industry, IATA data shows
  • UAE parleys for 'fifth freedom' rights to access Budapest-US market
  • TIACA forms shippers' advisory committee so customers can been heard
  • Air Europa renews ULD deal with CHEP, converts to light-weight units

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Exim Indiaweb site
MARCH 10, 2016
  • Maersk Line enhances Mesawa service
  • MSC adds direct Hazira call to South Africa service
  • National Waterways Bill gets Parliamentary nod
  • OceanMasters successfully handles break-bulk shipment from Norway to Dubai
  • Reaction of Capt. Vivek Anand, President, Mumbai & Nhava-Sheva Ship-Agents Association (MANSA)
  • V.Group acquires Bibby Ship Management
  • Cabinet approves 'no objection' to proposed change in holding structure for container terminal projects of DP World Ltd in Major Ports
  • DP World's gift to NMIS girl students on International Women's Day
  • Ministry of Shipping order, dated March 7, 2016, on Relaxation of Cabotage restriction for container transhipment ports

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International Transport Journalweb site
MARCH 11, 2016
  • Big brands prepare for the future
  • Castigated
  • More tonnage at Thames terminals
  • Joint operation centre to enhance rail efficiency
  • VP engineering invigorating Kuebix
  • Two appointments at HM Revenue & Customs
  • Early start for routes to Great Lakes
  • Rerouting Betuwe route
  • French airports see slight cargo plus
  • Chapman Freeborn to be GSA for RUS Aviation
  • West India Service enhanced by "K" Line
  • Multi-million dollar track construction contract netted
  • Showcasing latest on-board computer
  • New CEO to adorn fashion logistics specialist
  • Amazon's airfreight ambitions confirmed
  • 37 new Fiata members in February
  • Megaships: fears finally confirmed?
  • Green hub in Le Havre
  • Drivers to be screened for sleep apnoea

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IHS Maritimeweb site
MARCH 10, 2016
  • Cyber security for ships depends on new supply chain, says LR
    Risks that come with increasing digitalisation of ships could be lessened by decreasing their connection with the shore. This move would open up a whole new model for ship operations, according to Lloyd's Register (LR). With "peak technology" coming...
  • Paragon Shipping to sell off entire operating fleet
    Michael Bodouroglou-led Paragon Shipping has agreed to sell its final six bulkers in exchange for a full settlement of its syndicated loan facility obligations. In a statement after the closing bell on 9 March, the NASDAQ-listed company disclosed that the Panamaxes Coral Seas and...
  • Loss-making Bourbon ready to stack up to 20% of fleet
    French offshore vessel operator Bourbon said today that it was ready to continue stacking up to 20% of its 511-strong fleet as it strives to contain the impact of a slump in demand that left it with a net loss...
  • 'Painful path' for biggest box ships
    The container shipping sector is working through what is described as a "lost decade", with rates sliding relentlessly and more vessels lying idle; carrier consolidation is the only solution being suggested. In a revealing session at TPM 2016 earlier this month, Barclays Capital Equity analyst Brandon Oglenski drew close parallels to...
  • Bank of China to become largest shareholder in Huarong Energy
    Hong Kong-listed China Huarong Energy Company, formerly China Rongsheng Heavy Industries, has announced an issue of 17.1 billion shares to its creditors to offset its CNY17.1 billion (USD2.6 billion) debts. Once completed, Bank of China (BOC) will be the shipbuilding and marine engineering company's largest shareholder. Huarong Energy had debts totalling...
  • Australia's Melbourne port privatisation gets final clearance
    Melbourne, Australia's largest container terminal and port is now officially on the market, after legislation cleared state parliament on Thursday evening. "Port lease legislation has passed through Parliament. We're getting on with it and keeping our promises," state treasurer Tim Pallas announced on social media platform...
  • Business grows at Wilmar Ship Holdings
    Wilmar Ship Holdings, the shipping arm of Singapore-based agribusiness group Wilmar International, has been growing quietly but profitably. The company owns 10 bulk carriers and 20 chemical tankers. The tankers and bulkers, which are mainly Kamsarmaxes, are primarily deployed to transport Wilmar's grain and palm oil...
  • HMM's finances worse than previously reported
    Hyundai Merchant Marine has revealed that its 2015 loss and liabilities were worse than earlier reported. This follows an external auditor's check of its accounts. HMM said its loss was KRW648.76 billion (USD540 million), compared with the unaudited figure of KRW600.1 billion it announced in...
  • DSME restructuring 'going well' despite failure to sell Romanian yard
    The restructuring efforts of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) are progressing smoothly although attempts to sell its Romanian yard have failed. During a press briefing, Financial Services Commission commissioner Kim Yong Beom asserted DSME's reorganisation is going well despite the shipbuilder posting a record...
  • Container rates reverse three months of decline in January
    Container freight rates reversed three months of decline in January and reached their highest level since October 2015. UK consultancy Container Trade Statistics (CTS)'s price index, which includes both spot and contract rates, rose three points to 71 in January. However, shipping...
  • China Merchants to invest in 10 more overseas ports
    China Merchants Holdings International (CMHI) is planning to invest in about 10 more overseas ports as the state-owned company continues its global expansion and implementation of China's One Belt One Road strategy. CMHI is looking...
  • US-bound tanker diverts to Europe as diesel price surges
    A New York-bound cargo of low-sulphur gasoil on board the product tanker Raysut is now diverting in mid-Atlantic to Amsterdam, as prices for diesel cargoes in northwest Europe surge to an 11-week high. The Long Range 2 tanker, carrying a 90,000-tonne (670,500 bbl) cargo of ultra-low-sulphur...
  • India remains bright spot for offshore demand
    The Indian rig market continues to defy the offshore down-cycle and boasts higher demand than the rest of the Asia Pacific region. IHS Petrodata forecasts that the Indian Ocean region is expected to attract an estimated demand of around 40 jack-up units...
  • 'Painful path' for biggest box ships
    The container shipping sector is working through what is described as a "lost decade", with rates sliding relentlessly and more vessels lying idle; carrier consolidation is the only solution being suggested. In a revealing session at TPM 2016 earlier this month, Barclays Capital Equity analyst Brandon Oglenski drew close parallels to...
  • The rise and fall of perpetual preferred shipping equity
    A hybrid security known as perpetual preferred equity (PPE) has played a key role in shipping's capital-raising efforts over the past half-decade. Now, the consequences of that strategy are coming home to roost. Issuing PPE in today's market environment would be impossible, but...
  • ClassNK joins US safety inspection scheme
    Tokyo-based ClassNK has become the fifth class society to participate in a safety inspection programme aimed at reducing the US Coast Guard's regulatory burden over US-flagged ships. The Coast Guard and ClassNK signed an agreement on 9 March authorising ClassNK...

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The Loadstarweb site
MARCH 10, 2016
  • Analysis: can Atlas Air hold its own against ATSG in air freight's e-commerce market?
  • Peace breaks out as new affinity grows between ports and unions on US west coast
  • HMM alone in search for charter hire cut as lessor Seaspan believes revenue is secure
  • Barely United: airline board battle erupts as Continental's Bethune reappears
  • Signed, sealed and delivered: the Amazon threat to DHL
  • DHL forwarding losses drive down full-year group profits

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Marine Logweb site
MARCH 10, 2016
  • World's largest cruise ship departs for sea trials
  • Davie makes new unsolicited bid to build polar icebreaker
  • Best practices for RO/RO vehicle deck fire safety
  • BAE San Diego gets $47.2 million Navy contract mod
  • Incat Crowther designs new generation tour vessel
  • First U.S. ethane shipment heads for Europe

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World Wide Shipperweb site
MARCH 10, 2016
  • Freight transport services index climbs during month of January
  • Troutdale Airport advisory board sets public meeting for March 16
  • Diana Shipping sets charter for dry bulk vessel MYRSINI
  • Port of Seattle, Snohomish County pleased with eastside rail corridor deal
  • "K" Line making changes to West India services

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Lloyd's Listweb site
MARCH 10, 2016
  • Bulk Invest creditors consider damages claims after dropping injunction
    Japanese companies owed $172m look at legal options related to 'quick' sale they claim was below market value
  • Port of Long Beach reports record highest monthly box volumes
    February surge in imports will continue into March
  • Paragon Shipping strikes bank deal to sell fleet
    Talks continue with yard on delaying newbuild trio
  • Are marine technology firms too big to fail?
    Who can we trust, shipowners ask as engine maker reputation rocked by data-rigging scandals
  • Aronnax: Suspicion reigns
    Rebuilding bridges may be more difficult than rebuilding engines
  • Persian Prize or Desert Mirage?
    Iran's market remains nascent as shipping and commodity businesses navigate legal tangles and uncertainty. But the opportunity remains too big to ignore
  • Now we are talking
    With faster, cheaper and more reliable communications, shipowners and suppliers are beginning to treat ships like any connected device and explore new ways to do business
  • Bourbon reports $84m loss for 2015
    Lower revenue forecast for 'low point in the cycle' in 2016
  • The familiar cycle
    Two years ago the offshore sector was the darling of shipowners looking for an easy diversification win; this 'new frontier' for traditional shipping has suffered from the usual follies
  • Navios 'in-house' loan has three-year term
    Security for loan from tanker sibling includes 8m units in Navios Partners held by Navios Holdings
  • Havyard agrees newbuilding contract cancellation
    Newbuilding delivery had been postponed before it was cancelled
  • MOL and Daimler set up Mediterranean car carrier service
    Move will reduce transit time to Asia and cut CO2 emissions
  • MR tanker rates drop on lack of diesel arbitrage
    Global distillate supply building up as refineries are operated at maximum production due to low oil prices and strong margins
  • No armed robbery incidents in Asia reported for February
    ReCAAP says incidents are also less severe in nature versus previous month and year-ago period
  • ASF blasts latest Prestige judgment
    Apostolos Mangouras was sentenced to two years in prison earlier this year by Spain's Supreme Court and deemed 'reckless' in 14-year-old case
  • Panama Maritime Authority moots bill to boost shipbuilding and finance
    Authority hopes initiatives will help create more jobs in the country
  • Sembcorp Marine raises stake in Gravifloat to 56%
    Group looking to expand into offshore gas processing business

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The Journal of Commerceweb site
MARCH 10, 2016
  • Swift sees freight volumes rise, inventories start to drop
  • NS ramps up intermodal service connecting Charleston port and Charlotte
  • Slide show: TPM 2016's most memorable quotes
  • Platform allows shippers to submit VGMs electronically
  • DP World reorganizes India business
  • Largest US truckload carrier sends warning on rates, ELDs
  • Cochin truckers walk off the job
  • Record profit has Deutsche Post unfazed by Amazon
  • Melbourne port put on the auction block
  • China Merchants plans further overseas expansion
  • India releases draft SOLAS guidelines
  • Idle container ship fleet at six-year high

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TradeWindsweb site
MARCH 10, 2016
  • Sobelmar complains of HSH 'takeover' effort
    Bankruptcy grows bitter as Belgian shipowner files adversary suit in Connecticut.
  • Judge won't rule now on helicopter salvage
    Sued by Greek shipowner, PHI claims there should be no award for chopper that landed on bulker's hatch.
  • Indian Oil starts work on new LPG project
    India, scene of frequent VLGC congestion, aims to ease ability to import LPG.
  • Alexandratos linked to panamax purchase
    Brokers say Greek owner behind deal for Japanese-controlled panamax.
  • Indian Oil starts new LPG import project
    India, scene of frequent VLGC congestion, aims to ease ability to import LPG.
  • Davie bids $752m for Canadian ships
    Shipyard tries to undercut rival Seaspan on government icebreaker and multipurpose deal.
  • Iraq-Ceyhan pipeline could reopen soon
    Hope rises for resumption of Kurdish crude exports from Turkish port as army completes military operation.
  • Tallink's LNG ferry option lapses
    Estonian owner will not be ordering another eco ro-pax at Meyer Turku in Finland.
  • Paddy Rogers: keep calm and carry oil
    Euronav chief executive moves to demystify current "abnormal" state of play.
  • Outdated terms keep a cap on Iran exports
    Traders cite inflexibility in Tehran as a reason for slow upturn in Iranian shipments.
  • Cochin IPO hits fees stumbling block
    Indian state shipbuilder could call new round of bids from banks to advise on share sale.
  • First ethane ships from US
    Historic cargo leaves Marcus Hook on Evergas Dragon vessel bound for Norway
  • DSME to cut another 12,000 workers as it eyes profit
    Korean shipbuilder will have shed 25,000 employees since 2014 as it restructures; hopeful of positive result in Q1.
  • Minoan prices offer for Hellenic Seaways stake
    Grimaldi-controlled company says it is paying $2.74 per share in order to acquire bigger slice in compatriot group.
  • Hammonia retrofits general cargo ships
    German owner introduced improvements aimed to 25% fuel savings in cooperation with charterer Intermarine.
  • Bourbon plunges to $84m 2015 loss
    French offshore shipowner sees vessel utilisation fall in tough year.
  • d'Amico snaps up chartered tanker
    Italian owner buys 2003-built products carrier from sister company.
  • Island Offshore lays up more PSVs
    Norwegian owner stacks two supply vessels as offshore demand remains low.
  • Asian piracy levels slip to twelve month low
    Indian clamp down on piracy since start of 2016 sees coast guard arrest eight suspects.
  • Panama proposes shipyard, finance law
    Government bill aims to spur shipbuilding and attract maritime-focused banks.
  • Ezion Holdings chief executive increases skin in the game
    Chew Thiam Keng makes first acquisition of stock since August in sign of confidence in firm.
  • Paragon sells all ships to satisfy banks
    Deal to pay down debt requires selling six bulkers while newbuildings deferred.

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American Shipperweb site
MARCH 10, 2016
  • DSME to layoff another 12,000 workers
  • Customs reauthorization bill goes into effect
  • Seaspan CEO: Current container industry outlook better than in 2008-09
  • INTTRA unveils "eVGM" product
  • Hapag-Lloyd joins SDAX stock index
  • CP files proxy statement with SEC regarding NS takeover bid
  • Dachser strengthens logistics R&D
  • DHL earnings drop 25.6% in 2015
  • UPS to expand facility in Herne, Germany
  • Napier Port releases proposal for new berth
  • Obama officials visit new logistics hub in Baltimore
  • Port of Long Beach sees 35.9% surge in cargo volumes

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The Bunker Bulletinweb site
MARCH 10, 2016
  • GLOBAL VLCC TRACKER: Unusual arrivals seen in the US Gulf Coast, China
    Freight rates for all key benchmark routes rose steadily on tight tonnage.
  • Heavy Singapore gasoline, fuel oil trading seen unlikely to congest terminals
    Ex-wharf bunker fuel sellers on standby ready to capture any prompt premiums.
  • Piracy incidents continue to die down in Asia: ReCAAP London
    Bunkerworld Latest News / 16h
  • ARA supplier Phoenix takes on first TC bunker barge
    Consolidating its position after a year of operation.
  • Vietnam's Cam Ranh port has potential to be bunkering hub: sources
    It can receive vessels up to 100,000 dwt
  • Indian LNG imports up 25% since July: Eclipse
    Increase in imports coincides with lower LNG prices in the Pacific
  • Oil futures surge higher led by NYMEX RBOB after US gasoline draw
    Implied gasoline demand rose 290,000 b/d last week to 9.411 million b/d.

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