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24 September 2021 The on-line newspaper devoted to the world of transports 23:17 GMT+2

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Sched Netweb site
JANUARY 18, 2016
  • HK port down 9.5pc in 2015 to 20.1 million TEU, Singapore down 8.7pc
  • A-E off 21pc to US$740/TEU, Asia-Med down 15pc to $869/TEU
  • MOL announces launch of the New China/West Coast India Service (CIS).
  • Busan container throughput up 4.1 per cent to 19.4 million TEU in 2015
  • Retailers oppose proposal to cut container 'free time' at Long Beach
  • EU launches probe into Antwerp for easing costs for container operators
  • Rotterdam box volume slips 0.5pc to 12.2 million TEU, but cargo up 4.9pc
  • China trade better than expected in December, but nothing to shout about
  • British Columbia box ports achieve 15.2pc growth in November's Asian imports
  • Amazon China unit approved to become a forwarder to sell ocean freight
  • CargoSmart adds features to 'Big Schedules' for better sailing, ship tracking
  • Big truck ban on Forth Bridge eases of EU hours of work rules
  • Boeing sells more air freighters in 2015, but Airbus sells more planes overall
  • Lufthansa Cargo still top EU carrier in 2015, despite 2.4pc fall in tonnage
  • LATAM cargo takes a hit in December as Brazil air cargo demand falls

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Exim Indiaweb site
JANUARY 17, 2016
  • Cabinet approves transfer of land from Farakka Barrage Project to Inland Waterways Authority of India for construction of a new navigational lock parallel to the existing navigational lock at Farakka
  • CMA CGM's reshuffled CIMEX 2E service to cover Shanghai-Chennai in 13 days
  • Maritime sector must absorb balance sheet implications of new lease accounting standard, says analyst
  • Ministry of Shipping's initiatives taken & opportunities unveiled in 2015
  • MOL announces launch of new China/West Coast India Service (CIS)
  • Steel imports decline for second month in Dec.
  • Tea exports to Pakistan rise by 42 pc in April-Nov. 2015-16
  • Cement vessel calls at Cochin Port
  • JN Port allots plots to FSSAI & Drug Controller
  • Kandla Port finally has a permanent Chairman
  • Throughput at Major Ports up by 13.45 mt in first three quarters of 2015-16
  • Cochin Port Trust & CONCOR sign MoU for weekly container train service
  • Govt to join four export promotion councils to hold expo
  • INR suffers biggest fall against dollar since Aug., slumps by 95 paise
  • China's copper imports near record in 2015
  • China's exports in yuan terms up by 2.3 pc in Dec.

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International Transport Journalweb site
JANUARY 18, 2016
  • A continuing wave of mergers
  • Euro Italian Freight Systems relocates
  • Hiring vehicles for four decades
  • Crane strengthens GSS team in Latin America
  • New rail tracks boost volumes
  • NYK's breakbulk segment on the move
  • NVOCC announces key strategic promotion
  • Buffalo Airways allowed to load and fly again
  • Well over half a billion t carried by Dutch HGVs
  • Passing on the baton to fourth generation
  • Supporting UK infrastructure delivery
  • Differing results for Fraport's group airports
  • South Africa building up seafarer potential
  • BLG shoulders plant logistics for BMW
  • New intermodal terminal for North Carolina
  • Enhancing Emons' managing board
  • 2015: favourable for Spanish ports
  • Sichuan Airlines begins Japan operations
  • UTI shareholders say "yes" to merger

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IHS Maritimeweb site
JANUARY 15, 2016
  • South America's piracy potential
    There have been 10 counts of piracy in the Gulf of Mexico and Pacific coastline of South America in the past 12 months. Seven of these instances involved the ships' stores or equipment being pilfered by thieves while at anchor. In each case a small group made their way on board...
  • HHIC and KDB agree to joint management
    South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC), announced on 15 January that it has received agreement from its main creditor Korea Development Bank (KDB) to begin joint management and autonomous debt restructuring. On 7 January 2016, HHIC said it was applying for KDB to manage...
  • KLC parent SM Group is sole bidder for SPP Shipbuilding
    Korea Line Corporation parent Samla Midas (SM) Group turned out to be the only bidder for SPP Shipbuilding when bids closed on 14 January 2016.
  • Thoresen Shipping Singapore working on sand contract
    Thoresen Shipping Singapore, the shipping arm of Thoresen Thai Agencies, is negotiating a contract of affreightment (COA) to transport sand for a Singapore-based construction firm, sources told IHS Fairplay. The company is said to be discussing a COA with Santarli Construction to ship 80 cargoes...
  • Seadrill and DSME agree to postpone deliveries of two drillships
    Offshore drilling company Seadrill said that it had reached an agreement with Daewoo Shipbuilding & Marine Engineering (DSME), the South Korean shipbuilder, to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until 2Q18 and 1Q19 respectively from 2Q16 in both cases. Seadrill, a London-based company...
  • Robust market sees older tankers fetching higher prices
    Suezmax tankers more than 20-years old are being sold at prices almost 60% higher than last year, buoyed by solid market demand in the oil tanker business. According to data from VesselsValue, Suezmax tankers older than 20 years have risen in value by 57% year-on-year ranging...
  • PSA global throughput falls by 2%
    PSA said throughput at its global terminals fell by 2% in 2015 as a result of tepid growth in global trade and structural changes in the industry. The global terminal operator handled 64.1 million teu for the year ending 31 December 2015 with flagship PSA Singapore Terminals contributing 30.6 million teu....
  • Slumping crude prices take toll on Singaporean offshore sector
    The price of Brent crude fell to under USD30/barrel for the first time in 12 years on 14 January, further impairing the embattled Singaporean offshore sector. The sector has already been backpedalling for most of the time since crude prices slumped in the second half of 2014. With no recovery in...
  • Master's ship recycling sentence 'a warning shot' to industry, says lawyer
    The first suspension of a European ship master for taking a ship from Europe for demolition in south India reveals the legal risk taken by crews that participate in such operations for European...
  • China Merchants acquires major stake in Dalian port
    China Merchants said it would acquire a 21.05% stake in Dalian Port Company (PDA), making it the second largest shareholder in the northeast China-based port operator, as the country continues to restructure its state-owned sector. China Merchants Holdings (International) (CMHI) will purchase 1.2 billion shares of the port operator for USD557...
  • Pilots place draught restrictions on Lower Mississippi
    Foreign vessels destined for terminals between Baton Rouge and New Orleans may have to divert to other ports after bar pilots reduced draughts for ships entering the Mississippi River from the US Gulf of Mexico. High water making its way down the river has forced the...

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The Loadstarweb site
JANUARY 15, 2016
  • Could be a game-changer as Amazon is awarded sea freight forwarder licence by US FMC
  • WFS continues its expansion with takeover of US's largest cargo handler, CAS
  • Multinationals jockey for position as trade with Iran looks set to boom as sanctions ease
  • Buyers ignore GRIs and Asia-Europe spot prices tumble again in run-up to CNY
  • Latam applies for JV immunity with AA and IAG, while Qatar threatens...
  • Chemicals in containers catch fire at port of Santos, restricting shipping
  • CEVA Logistics creates new ground transportation business led by Jérôme Lorrain

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Marine Logweb site
JANUARY 15, 2016
  • Turkish ship manager to pay $1.09 million in pollution case
  • Farstad to book loss on sale of PSV
  • Tidewater Subsea charters Brandon Bordelon
  • Algoma Central enters cement carrier JV with Nova Marine
  • BIMCO launches "SUPERMAN" contract
  • Denmark: North Sea offshore wind regs need harmonizing
  • Boston Ship Repair wins $12.5 million Navy contract
  • Wartsila to design world's largest krill fishing factory ship
  • Navy awards $8.6 million contract for Churchill SRA
  • GE LM6000PG marine module package completes tests

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World Wide Shipperweb site
JANUARY 15, 2016
  • Port of Everett Oks deal to sell business park land
  • Coast Guard teams respond to oil leaking from derelict vessels
  • Port of Los Angeles sees drop in container moves for 2015
  • Washington State Ferries decomissions EVERGREEN STATE
  • American Waterways Operators taps Jennifer Carpenter as CEO

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Lloyd's Listweb site
JANUARY 15, 2016
  • Ballast water tonnage recount shows convention still not in force
    Recent and in-depth recount of the world tonnage by IMO members shows the 47 signatories have failed to achieve the required 35% of the global fleet
  • DryShips puts reverse stock split proposal to shareholders
    Owner asks for 'maximum flexibility' and affirms intention to retain Nasdaq listing
  • Port of Rotterdam records 4.9% increase in 2015 throughput
    Port attributes its growth in tonnages to higher volumes of crude oil and oil products
  • Arcadia suezmax fetches over $19m from Indonesian buyer
    Aegean Legend deal underlines strong secondhand tanker market
  • Capesize rates drop 28% on week on lack of fresh cargoes
    Index slumps by 42% to below 200 points for the first time
  • Don't expect any deliveries slippage this year, warns Avance Gas
    New VLGCs are expected to flood into global fleet on time this year
  • Amazon expands logistics reach to ocean shipping
    Online retailer is keen to provide third-party logistics services to Chinese companies
  • Euronav to investors: share price does not reflect tanker market reality
    Tanker giant sees sustained 'supportive' conditions and a strong start for 2016
  • Freight rates squeezed as lines prioritise utilisation over prices
    Some stability over the past week in run-up to Chinese new year, but long-term trend looks downwards
  • Seadrill defers drillships delivery from DSME
    Move delays final yard instalment payment of more than $800m
  • ICTSI to open $100m Congo terminal August 2016
    Manila-based ICTSI ready to undertake second phase of Matadi project
  • Turkish bulker operator fined $1m in Baltimore 'magic pipe' case
    Violation of Act to Prevent Pollution from Ships occurred in 2014
  • HHIC creditors agree on debt restructuring
    KDB and other lenders will delay HHIC's debt repayment
  • Cargo traffic at India's major ports rises 3.2%
    Murmugao recorded highest growth among 12 major ports
  • International Shipbuilding sells two bulkers and minority stake in four tankers
    Sale to help cut outstanding debt to $124m by end-January
  • Gulftainer seals first cargo deal at Port Canaveral
    Inaugural US venture will provide a refrigerated and dry container service to and from the Canaveral Cargo Terminal
  • Tanker Investments completes $60m share buyback
    Tanker Investments now holds 13% of its own shares, amid trend in tanker share repurchase programmes
  • Mixed fortunes for top US west coast container ports in 2015
    Long Beach container volumes rebound in 2015 as LA slips back and Oakland stays flat
  • Diana Shipping fixes panamax with Transgrain Shipping
    Charter expected to commence on Friday, January 15 with a gross charter rate of $4,600 per day

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The Journal of Commerceweb site
JANUARY 15, 2016
  • 2016 begins with slower retail sales, high inventories
    High inventories? Don't blame supply chain disruptions or fear of stock-outs. Blame the weather. The warmest December on record in the contiguous U.S. apparently suppressed retail sales of typical winter items - heavy coats, gloves, scarves, snow shovels - in the country's northern tier states, which probably means big discounts on...
  • Carriers consider rerouting vessels from Santos terminal closed by fire
    After a chemical fire closed the biggest terminal at South America's largest container gateway, container lines are considering rerouting cargo away from the facility of Tecon Santos to other terminals at the Port of Santos and other Brazilian ports. Santos terminals Embraport, also on the left bank but some 10 miles...
  • Eastbound trans-Pacific spot rates sag
    Spot freight rates in the eastbound Pacific drifted lower this week, though they remained in a narrow range that reflects a Jan. 1 general rate increase by carriers in the trade. The spot rate for shipping a 40-foot container from Shanghai to the West Coast fell 5 percent, to $1,417, this...
  • Myanmar Thilawa port to expand
    Japan's Toyo Construction Co. and JFE Engineering Corp. have won a contract to build a new container terminal at the Port of Thilawa near Yangon, Myanmar, to expand one of the country's key logistics hubs. The new terminal is needed to handle larger ships and meet growing demand and will have...
  • Shippers give DOT guidance on port productivity metrics
    WASHINGTON - More than 100 shippers groups urged the U.S. Department of Transportation to drill down on port productivity metrics via a new initiative aimed at helping Uncle Sam better monitor marine terminal congestion. The National Retail Federation-led effort in a letter asked DOT Secretary Anthony Foxx to track port productivity...
  • Uncover the hidden costs of sourcing from inland China
    As costs continue to rise in Eastern China, namely, Zhejiang and Jiangsu provinces, the procurement manager may feel compelled to comparison-shop from alternate vendors in other parts of China or Southeast Asia. However, it is often a mistake to simply compare the price quote based on the per unit ex-factory...
  • Los Angeles volume drops on seasonal lull, loss of services
    Container traffic at the Port of Los Angeles in December declined 4.9 percent from the same month the previous year, reflecting the normal seasonal lull and the loss of a handful of services to the neighboring Port of Long Beach. Despite the lull that occurs late in the year after the...
  • Rotterdam container traffic shrinks, despite Asia volume uptick
    Rotterdam's container volume shrank by 0.5 percent year-over-year in 2015 but total throughput reached a record on a sharp rise in crude oil shipments. Europe's largest container hub handled 12.23 million 20-foot equivalent units last year, down from 12.98 million TEUs in 2014, even as traffic to key Asian destinations grew...
  • Deutsche Bahn faces government opposition to logistics spin off
    Deutsche Bahn is said to be facing growing opposition from the German government to its plan to partially privatize its DB Schenker Logistics unit as part of a broad restructuring to finance growth and cut debt. The state-owned railway is due to seek the go-ahead for the sale of shares in...
  • Slowdown still hurting India's largest port
    Despite oft-repeated claims by DP World Subcontinent that its flagship terminal at Jawaharlal Nehru Port Trust is operating normally and truck turn times are no more than the normal average, logistics providers in India's largest container harbor said the roadway to the private facility continues to remain clogged and gating...
  • Breakbulk carriers waiting for rebound in weak demand
    Like a mirror image of the ocean container shipping industry, the shipping lines that operate the multipurpose ships that carry breakbulk and project cargoes are suffering from overcapacity, lack of global demand and low freight rates. And like the container fleet, multipurpose ships are getting ever bigger. There are a few...
  • Gains in reliability and speeds brighten US intermodal outlook
    Two years since the devastating 2013-14 winter wreaked havoc on U.S. intermodal rail networks, North America's largest railroads are on the cusp of restoring reliability and speeds to the level shippers once took for granted. Slowing intermodal volume growth and declining carload volume, major infrastructure investment and a crackdown on free...
  • Spot rates fall 20 percent as Asia-Europe GRIs fail to move market
    The market completely ignored the Jan. 15 general rate increases levied by carriers on the Asia-Europe trades, with spot rates plunging 21 percent this week, according the latest reading of the Shanghai Containerized Freight Index.This is supposed to be the traditional busy period before Chinese New Year when increased demand...
  • PSA global throughput falls 2 percent on weak trade growth
    PSA's Tanjong Pagar Terminal at the Singapore port.PSA International said throughput at its global terminals fell by 2 percent in 2015 as a result of tepid growth in global trade and structural changes in the industry.The global terminal operator handled 64.1 million TEUs for the year ending Dec. 31 with...
  • Spot rates fall 20 percent as Asia-Europe GRIs fail to move market
    The market completely ignored the Jan. 15 general rate increases levied by carriers on the Asia-Europe trades, with spot rates plunging 21 percent this week, according the latest reading of the Shanghai Containerised Freight Index.This is supposed to be the traditional busy period before Chinese New Year when increased demand...
  • China Merchants takes major stake in Dalian port operator
    China Merchants will acquire a 21.05 percent stake in Dalian Port Co., making it the second-largest shareholder of the northeast China port operator, as the country continues to restructure its state-owned sector.China Merchants Holdings (International) will purchase 1.2 billion shares of the port operator for $557 million ($0.47 per share),...
  • CP-NS would have to convince US regulators merger wouldn't trigger others
    LOMBARD, Illinois - Canadian Pacific and Norfolk Southern railway would have to convince U.S. rail regulators that a potential merger won't set off a wave of Class I consolidation in order to get a greenlight for a proposed merger, U.S. Surface Transportation Board Chairman Daniel Elliott said Thursday. That's a high...
  • Fire cripples South America's busiest container port
    Fire at South America's busiest container gateway of the Port of Santos has crippled operations at the port for the second time in less than a year, closing a marine terminal that handles about a third of the port's container volume, according to a Reuters report. The fire, which is said...

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TradeWindsweb site
JANUARY 15, 2016
  • Teekay: Weaker second half but strong 2016
    Tanker owner's research chief optimistic despite fleet growth and oil market predictions.
  • India boosts LPG import capacity
    New facilities are part of ongoing government scheme to increase availability of consumer LPG.
  • Black Sea slump drags suezmaxes down
    Key European route drops 5% in one day as vessel delays ease; VLCCs stabilise.
  • Mercator board members out
    The three resignations are on top of one director exit on Monday and hearings next week.
  • Grace period ends for Ultrapetrol bonds
    Shipowner in talks with bondholders for standstill agreement; lenders ink forbearance.
  • Farstad sheds another
    Norwegian owner offloads veteran PSV at a loss of nearly $1m.
  • Vinalines ordered to exit
    Vietnamese state owner to offload stakes in eight port companies.
  • Dry rates drill further into record territory
    Another historic low recorded by Baltic Dry Index as grim conditions grow worse for bulker owners.
  • NOL sells Indian business
    Singapore owner follows APL Logistics exit with deal to offload IILPL.
  • HSH: No China crisis
    German lender does not expect Asian turbulence to stop its $2.2bn bad-loan sale.
  • Bowie and the bulkers
    Dry cargo market provides unlikely backing track for tribute to the late David Bowie.
  • Ross takes over at SSI
    COO steps up to CEO role at Siem reefer company, replacing Simon Stevens.
  • Avance Gas stays positive
    Oslo-listed VLGC owner says market will remain strong in 2016 and 2017.
  • HHI tipped for profit
    World's biggest shipbuilder expected to reveal operating earnings in fourth quarter.
  • Lone bidder eyes SPP
    KLC owner Samla Midas reportedly the only company interested in taking over Korean yard.
  • Euronav reveals VLCC sale amid call for calm
    Tanker owner in midst of $38.4m deal reassures investors of robust spot market.
  • MOL launches Indian run
    Japanese line teams with Wan Hai and PIL to boost sub-continental coverage.
  • Hanjin Heavy wins breathing space
    Creditors agree debt postponements as first step to Korean yard group's restructuring.
  • Amazon makes shipping move
    Retail behemoth wins licence in China as a freight forwarder as part of its drive to expand logistics.
  • Seadrill delays DSME drillships
    John Fredriksen drilling company puts off having to spend $800m for two to three years.
  • CMA CGM lifts NOL stake
    French liner giant has acquired over 48m shares in shipowner since launching takeover offer.
  • Ciner admits "magic pipe" incident
    Turkish shipowner to pay over $1m fine for marine oil pollution incident in US.
  • US military inks $1bn of deals
    Maersk Line and Hapag Lloyd among key beneficiaries of latest contracts from Uncle Sam.
  • Iranian oil good for tankers, says Burke
    While opinion divided on Iran's tankers, Ridgebury chief executive focuses on barrels.

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American Shipperweb site
JANUARY 15, 2016
  • Trump bashes Obama trade policy with China in debate
  • New JDA warehouse tool focused on operational personas
  • Spot container rates fall another 8.8%
  • Long Beach eclipses L.A. in box volumes for 2015
  • UTi shareholders agree to DSV merger
  • Turkish ship management firm pleads guilty of pollution crime
  • Hapag-Lloyd, Arkas Line launch new Med-Black Sea service
  • Port of Zeebrugge posts 9.9% volume decline in 2015
  • Lufthansa Cargo reports drop in throughput
  • BofA: Waning rail volumes a "warning signal" for U.S. economy
  • Dublin Port experiences 6.4% tonnage increase
  • Is Amazon entering the ocean freight forwarding business?
  • Indiana to study development of fourth port
  • Intermodal rates drop for twelfth straight month

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The Bunker Bulletinweb site
JANUARY 15, 2016
  • South Korea bunker fuel bucks price fall in fuel oil
    South Korean 380 CST delivered bunker fuel prices were seen rising over two consecutive days this week.
  • Arte Bunkering expands with new office and hires
    Opens office in Florida, takes on three traders in Hamburg.
  • Bunker Holding 'as healthy as ever', says Group CEO
    Comments on layoffs and market talk about overdue payments.
  • Buyers wary of traders with OW/ING style lender arrangements
    Many prefer to deal with physical suppliers, but one supplier/trader explains why it is 'very different' from OW.
  • Nuclear reactor for marine use seen ready in China by 2020
    Prototype ready for mass production by 2020, says China General Nuclear Power Corp.
  • Antwerp port sees increase in 'green' vessel visits
    671 low emission vessel visits over Jan-Sep 2015.
  • LNG-powered tankers get classified
    ABS looks to LNG-ready bulk carriers next.
  • Japanese weather monitoring system to help vessels cut costs
    Vessels able to reduce fuel consumption by using optimum routes.
  • Russian Rostov-on-Don port's 2015 bunkering volume down 2.6% on year
    Vessel arrivals, cargo traffic volumes fall.
  • Oil futures rally despite rising US petroleum stocks, looming Iranian barrels
    Short-covering ahead of the ICE February Brent contract expiration provided additional support.

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