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23 September 2021 The on-line newspaper devoted to the world of transports 23:51 GMT+2

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Sched Netweb site
MARCH 14, 2016
  • A-E rate off 9pc to US$211/TEU, fell 8pc to USWC, dropped 5pc to USEC
  • LA up 42pc, Long Beach up 35.9pc - both hit all-time box highs in February
  • CKYHE shuffles Asia-Europe, Med loops, scraps 1 as demand, rates plunge
  • Seamen face fines, prison for dumping waste water on China-US voyage
  • 'K' Line adds Indian ports of Pipavav, Mundra on two intra-Asia services
  • Piggy-back service bypassing Calais migrant camp gets go-ahead
  • Mombasa port completes phase 1 of container terminal expansion
  • Hyundai Merchant Marine has bank's backing in liquidity crisis, appeals for time
  • Gloom in transport sector may be overblown as US air road and rail rally
  • Global Shippers Forum seeks forum to talk mega ships, super alliances
  • Lithium batteries can be safe if charged to 30pc: industry group
  • Cargojet operating profit up 131pc in 4th quarter to US$20 million
  • United to launch first-ever nonstop flight to Hangzhou by US airline

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Exim Indiaweb site
MARCH 13, 2016
  • Milaha organises trade gathering to celebrate NDX service success
  • Scheme for incentivising modal shift of cargo outlined
  • Spot container rates touch record lows
  • Kandla Port achieves highest ever cargo traffic
  • Second liquid chemical berth improves Mumbai Port performance
  • 5 pc export duty on raw cashew imports to hit processing industry: KCMA
  • ATMA concerned over weak domestic rubber scenario
  • Northern India Multimodal Logistics Awards 2016
  • Significant issues raised, solutions suggested & excellence recognised at North India's premier cargo, transport & logistics event

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International Transport Journalweb site
MARCH 14, 2016
  • Ready in 2017...
  • Purse strings open for Townsville-Mount Isa Line
  • Boxes and railway - Rhein Cargo's favourites
  • From China to Switzerland by rail
  • Fresh food corridor from Koper
  • Pesa Geneva relocates
  • InterBulk and Den Hartogh tie the knot
  • Detra inaugurates new liner service to Algeria
  • SAS - now direct to Californian sun
  • India to take action against truck overloading
  • AAL and PD combine tramp and semi-liner services
  • Royal handling for sensitive cargo to Vietnam
  • Volga-Dnepr ready for today's Mars mission launch
  • New board members for United, CEO returns
  • Building up health supply centres

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IHS Maritimeweb site
MARCH 11, 2016
  • Maersk subsidiaries fined in container weight scam
    Maersk Group subsidiaries Damco and Farrell Lines have paid a USD3.7 million fine for using false container weight invoices to bill US military cargo. US investigators found that employees of Damco, a logistics and freight forwarding division of Maersk, falsified 563 container weight tickets submitted...
  • VLCC sentiment firms as freight rates resume uptick
    Sentiment on the VLCC market has picked up with a recovery in spot freight rates to about USD60,000/day, according to shipping analysts. "A few end-March enquiries against limited tonnage pushed rates up to WS 75 (AG - East) yesterday, or...
  • MISC combines chemical and CPP fleets
    Malaysia-listed shipping company MISC has combined its chemical tanker and clean petroleum product (CPP) fleet in its wholly owned subsidiary AET to form a new product tanker business. MISC will transfer its 13 chemical vessels and one LPG tanker to the new entity, joining the...
  • Seoul not doing enough for owners, says Korea Shipowners Association official
    The executive vice-chairman of the Korea Shipowners' Association has suggested that the South Korean government is not doing enough to help the country's troubled shipping companies to overcome their lack of liquidity. Kim Young Moo stated that the country's two biggest shipping companies,...
  • South Korean liner operators eye more services to Indochina
    As China's economic growth stagnates and Northeast Asian economies mature, South Korean liner operators are viewing Indochina as a growth area. Hyundai Merchant Marine and compatriot intra-Asia container shipping specialists Dong Jin Shipping, Pan Continental Shipping, Heung-A Shipping...
  • 'No mass layoffs' for DSME yard workers
    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) said today (11 March) that it will not implement heavy layoffs this year. Although CEO Jung Sung-Leep told a press briefing yesterday that 12,000 jobs would be cut, a DSME spokesperson told IHS Fairplay that this would be achieved through "natural attrition". "The company...
  • China to spend USD153.5 million to build second polar ship
    China is planning to build a polar ship with an estimated budget of more than CNY1 billion (USD153.5 million), said Hu Keyi, chief engineer at Jiangnan Shipyard (Group), on 9 March. Bidding for the construction of China's second polar research ship will start...
  • No rate respite for carriers on dismal Asia-Europe and Med trades
    Spot rates on the Asia-Europe and Asia-Mediterranean trades this week edged closer to the record lows set last year, according to the latest reading of the Shanghai Containerised Freight Index.Rates from Shanghai to North Europe dropped 9% to USD211/teu, while Asia-Mediterranean...
  • The tyranny of psychology
    The dry bulk market has always been cyclical: even in the 1980s, it returned to a position of balance. The difference this time is the weakening of China's economy reducing demand for ores and coals coming at a time when newbuilding orders have continued to flow onto a depressed market....
  • Rising China ore prices driven by low stock, sudden demand, say market watchers
    The price of iron ore, a key steel-making ingredient, surged almost 20% to USD63.4 per tonne at China's Qingdao port on Monday, rising 46% so far this year in a rally that had market watchers searching for explanations.Iron ore inventories at North China ports dropped to less than 100 million...
  • ReCAAP reports three armed robbery incidents in India during February
    Three incidents of armed robbery were reported in Indian waters during February, according to Singapore-based anti-piracy agency ReCAAP. Based on ReCAAP's February report, two of the incidents occurred when vessels were anchored at the Tuna Buoy anchorage, Kandla and Haldia Dock Complex, Kolkata. The third incident occurred while the ship was...

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The Loadstarweb site
MARCH 11, 2016
  • KLM Cargo and Dutch air freight sector 'lack vision and bravado', say critics
  • Becalmed container lines eye project cargo as an alternative revenue stream
  • Lufthansa Cargo takes on Gulf state carrier with launch of rival freighter service to Doha
  • Carriers in dire straits as spot rates continue in freefall right across ocean container trades
  • From ship to wreck: grim, but beautiful photos of Costa Concordia
  • How Amazon air freight operations could save the firm $1bn a year

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Marine Logweb site
MARCH 11, 2016
  • Hearing loss in crew on the rise
  • Maersk Group tests drone for at sea delivery
  • Two dead in helicopter crash following box ship grounding
  • Seabourn newbuilds feature broad range of Wartsila solutions
  • ClassNK gets USCG ACP authorization
  • AkzoNobel adds cruise ships to Intertrac Vision
  • Angelakos indicted in pollution case
  • American Cruise Lines newbuild is ahead of schedule
  • MAN Diesel & Turbo in new agreement with JFE

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World Wide Shipperweb site
MARCH 11, 2016
  • Everett Port Commission Oks Riverside Business Park land deal
  • Port of Los Angeles delivers record numbers during February
  • Testing program nearly complete for Panama Canal water-saving basins
  • Port of Kalama names contractor for Marine Drive trail improvement work
  • WCI spot freight rate average posts big decline during week

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Lloyd's Listweb site
MARCH 11, 2016
  • LA container volumes storm back in February
    March throughput expected to be slower as Chinese factories take time to re-open after lunar new year holidays
  • Bobby Olvera re-elected ILWU Local 13 president
    LA and Long Beach port directors praised by Olvera for engaging with the union, but his win is likely to dismay some employers
  • Greek opposition slams Brussels pressure on country's shipping industry
    Envy to blame, says New Democracy deputy leader Georgiadis
  • Minoan lifts stake in Hellenic Seaways
    Grimaldi Group says it offers 'optimum solution' for coastal ferry market
  • Surge of new ships swells MR product tanker fleet
    Heavy deliveries this quarter raise concerns over how market will cope
  • Asia-Europe rates slip perilously close to all-time lows
    Historic lows could be on the horizon as weak demand forces Asia-Europe carriers to push back mid-March GRIs
  • More and younger ships scrapped as demo rates fall to post-2008 lows
    Owners rush to demolish ships amid depressed freight markets
  • Dry hopes
    A few small shafts of light break through the general gloom of the dry bulk trades
  • LA's TraPac terminal brings port automation to the US
    Project completion nears as TraPac overcomes union hostility to introduce state-of-the-art cargo handling processes to North America
  • Feport repeats call for clarity on box weighing rules
    Competent authorities must do more to communicate guidance on Solas amendments
  • Global Ports throughput falls by a third
    Sanctions and a troubled economy pull down liftings and revenues at Russia's largest terminal operator
  • Swire 2015 results weighed by impairment charges
    Impairments related to vessels and equipment, goodwill and intangible assets as well as contract cancellations
  • US exports first ethane cargo to Norway on multigas carrier
    Journey from US to Europe expected to take nine to 10 days
  • Shanghai port container throughput shows February rise
    But world's busiest container port throughput fell almost 12% month on month
  • VLGC spot charters few and far between
    Chartering activity not enough to push up spot rate, which still hovers around 2010 levels
  • ACL signs new contract with Ceres Halifax
    Decision ends uncertainty over whether transatlantic specialist would continue Canadian calls

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The Journal of Commerceweb site
MARCH 11, 2016
  • Virginia volume jumps double digits in February
  • Aggressive ILWU leader Olvera re-elected
  • Railroads, truckers competing on rates
  • Technology only scraping surface of potential to shippers
  • ACL to keep its Halifax service via contract extension
  • Strong Middle East container volume growth lifts Gulftainer
  • High LA-LB traffic lifts trans-Pacific volume hopes
  • Trans-Pacific spot rates race Asia-Europe to the bottom
  • VIDEO: Helicopter crashes after aiding grounded box ship
  • US fines Maersk Group units millions
  • AAL, Peter Dohle launch semi-liner service
  • Waterfront Commission presses inquiry into NY-NJ port strike
  • Revenue declines at Top 25 US LTL, truckload carriers
  • India relaxes cabotage protections for container shipping
  • Japan government set to invest in key port operator
  • Global Ports traffic, revenue hit by Russia economic troubles
  • Asia-Europe spot rates close in on record lows

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TradeWindsweb site
MARCH 11, 2016
  • Private equity loosens grip on NCL board
    TGP and Apollo directors resign after firms cut stake in New York-listed cruise line.
  • Dragnis plans to buy full Goldenport fleet
    Shareholders asked to allow Greek founders to acquire all ships and take over debt.
  • Penthouse to outhouse for Navios rating
    Analyst slaps down Navios tanker vehicle for $50m loan friendlier to its parent than its shareholders.
  • Video shows fatal crash of rescue chopper
    Helicopter responding to grounding of TS Lines containership spirals out of control.
  • Hafnia Tankers pays out after strong profit
    Mikael Skov-fronted company pays 50% of 2015 net profit to shareholders.
  • Alexander gets great rate as VLCCs surge
    Spot earnings for late-March loadings rise; momentum looking positive for April.
  • Yards bid for $153m Chinese icebreaker
    Process due to start in April as Beijing looks to build second polar research ship.
  • DSIC in talks over Iran newbuilds
    Chinese yard reportedly closing in on new orders from NITC and IRISL.
  • DSME lines up $492m share sale
    Shareholders change rules to allow restructuring shipbuilder to sell more stock.
  • Tanker crew members kidnapped off Nigeria
    Atlantic Management subject to armed attack off Bonny Island
  • Sealion lays up another PSV
    UK-based owner reportedly stacks Toisa Intrepid in Aberdeen.
  • AET takes on MISC chemical tanker fleet
    Petronas companies say it makes absolute sense to create single platform for clean products.
  • UniCredit auctions off pair in South Africa
    Indian owner said to have secured bulker brace.
  • Lolli-Ghetti adds to Scorpio Bulkers stake
    Scorpio Services Holding owns more than a tenth of the New York-listed company after latest buy.
  • Tanker owner Elektrans expands board
    Indian group appoints shipping subsidiary co-owner Glen D'Costa as director.
  • TS Lines boxship goes aground
    Crew airlifted by helicopter from TS Taipei off Taiwan.
  • Paddy Rodgers: keep calm and carry oil
    Euronav chief executive moves to demystify current "abnormal" state of play.
  • Swire Pacific Offshore slumps to $165m full-year loss
    Provisions for vessel values and cancelled Brazilian newbuilding deal take their toll.
  • Japanese banks still top LNG project finance
    Other nationalities starting to muscle in on Asian nation's dominance as lending jumps 50%.

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American Shipperweb site
MARCH 11, 2016
  • Port of Mombasa adds second container terminal
  • Container spot rates fall to fresh lows
  • NFTC names new president
  • U.S. ag exporters head to Peru, Chile
  • Trump trashes TPP, U.S. trade policy
  • ACL signs agreement with Ceres Halifax Terminal
  • UPS expands cryotransport service to Europe
  • NS begins 2-day rail service between Charlotte, Charleston
  • DOJ fines Maersk affiliates $3.7 million
  • North American freight market rebounds in February
  • U.S. Assistant Attorney General echoes concerns over CP voting trust
  • Gulftainer grows terminal volumes 4% in 2015

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The Bunker Bulletinweb site
MARCH 11, 2016
  • Eastbound VLCCs to balance HSFO stocks in Northwest Europe, Mediterranean
    HSFO stocks in Europe be at five-year highs for March, and rising.
  • AkzoNobel launches new version of fuel-use prediction tool
    Cruise sector added to data service aimed at predicting ROI of fouling control coatings.
  • LSFO barges regain premium against HSFO amid surge in Platts MOC activity
    Outstanding shorts in Greece and Turkey, reduced output saw tightness on the prompt.
  • Oil futures decline despite ECB stimulus, weaker US dollar
    The ECB delivered a set of actions to invigorate the eurozone's economy that was seen as broader and deeper than anticipated.
  • CIMAC guide to test interpretation may help settle quality disputes
    Says buyers' test results must allow for test uncertainty, while suppliers' test results must never exceed limit.

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