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24 September 2021 The on-line newspaper devoted to the world of transports 23:05 GMT+2

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Sched Netweb site
JANUARY 20, 2016
  • Maersk to appeal ruling the carrier, plus 4 others, broke Russian antitrust laws on GRIs
  • Taiwan's economy appears bound for continued recession as December exports fall
  • Scrapping teenagers would solve overcapacity if it weren't for steel glut
  • Bank of America analysts ponder if rail freight slowdown is prelude to recession
  • UTi shareholders approve DSV merger deal, paving way for US$1.35bn acquisition
  • US freight volumes slid in November into negative territory for the first time in 2015
  • Encouraged by response to e-navigation services, NAVTOR expands Singapore team
  • CEVA Logistics creates new Ground Transportation business line
  • Dynaliners surveys rich potential for trade in east and southern Africa
  • Asia Pacific's air cargo markets remain weak in November with demand falling 2.4pc
  • UPS raises available airlift capacity from Cologne, Germany to Prague, Czech Republic
  • German high court removes Etihad-Air Berlin codeshare ban, reversing earlier ruling

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Exim Indiaweb site
JANUARY 19, 2016
  • Amazon to provide ocean freight services through Chinese unit
  • Ministry of Shipping's initiatives taken & opportunities unveiled in 2015
  • Wallenius Wilhelmsen Logistics acquires full ownership of South Africa-based CAT-WWL
  • Wan Hai, Interasia, PIL & MOL team up to provide new China-India weekly service
  • Authorisation letter given to SBI to issue RFP to qualified bidders for lending external commercial borrowings to JNPT
  • JNPT facilitates pensioners, eases payment mechanism
  • Regular container train service from Irugur to Vallarpadam ICTT flagged off
  • Govt to review Kelkar Committee report on PPPs
  • INR snaps three-day losing streak, recovers moderately
  • Global Outlook for 2016
  • Iran to increase exports of crude after lifting of sanctions

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International Transport Journalweb site
JANUARY 20, 2016
  • Daily UK-Italy links
  • Severe lack of HGV drivers in UK
  • Good catch for BBC Chartering
  • Wanted: warehouse operator for Sète port
  • Internationalisation proceeding apace
  • ILA sold to competitor
  • C2K appoints technical manager
  • Only United boosts freight performance
  • Southern Air heading for Atlas Air
  • US railway consolidating operating divisions
  • HHLA to the aid of Odessa terminal
  • Cargo Composites pushes global expansion
  • Contship more than holding its own
  • New logistics centre for aircraft components
  • American Waterways Operators appoints COO
  • Cando Rail stakes claim in British Columbia
  • New Mumbai airport to come

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IHS Maritimeweb site
JANUARY 19, 2016
  • Lending group plays hardball with Eagle Bulk
    After Eagle Bulk self-reported apparent sanctions violations by its previous management, its lenders used the admission to cut off credit access, putting the NASDAQ-listed bulker owner at heightened risk of default. Eagle Bulk confirmed on 19 January that it has signed a forbearance agreement...
  • New Transas CEO, Frank Coles, vocalises plan to shake up the market
    The new CEO of Transas, Frank Coles, has vocalised his vision for the future of the global maritime technology for the first time since his appointment in late 2015. The Transas CEO has his sights set on the company delivering the technology and solutions needed for the integrated maritime industry...
  • Stay ahead with preventative maintenance by using PortamonitorTM Bearing Indicator
    Stay ahead by improving your preventative maintenance thanks to including Portamonitor® Bearing Indicator in your management regime. This effective kit provides insight into planning of future repairs. It identifies sites which are contaminated or lacking lubrication so they can be easily fixed before any further damage occurs. Above and beyond...
  • Tanker owner files Chapter 11 after Nordea calls loan
    Ice-class tanker owner Primorsk International Shipping has filed for Chapter 11 bankruptcy protection in New York, seeking to push through a bondholder deal that is opposed by senior debt lenders. The filing underscores, yet again, the attractiveness of US bankruptcy law as a tool for...
  • Panama canal extension pushed back to second half of 2016
    The opening of larger Panama Canal locks, already postponed several times by construction delays, has been pushed back again and now is expected early in the second half of this year, a canal official said. "We expect it to be open for commercial business sometime in the second half of...
  • China's slowing GDP has analysts in a spin
    News that China's GDP growth rate had slowed to 6.8% in the fourth quarter of 2015, with a full-year economic growth of 6.9%, set off the usual frenzy of analysis across financial media platforms, with little useful information to be gleaned from all the chatter. Some analysts...
  • Crowley receives LNG-ready product tankers
    Denoting a further stage in the re-invigoration and expansion of the US-built, US-flag 'Jones Act' tanker fleet, Crowley Maritime has commissioned the first two vessels of its new generation of 50,000 dwt product carriers. Constructed by Philly Shipyard, the...
  • Wallenius Wilhelmsen takes over South Africa vehicle facility
    Wallenius Wilhelmsen Logistics (WWL) has entered into an agreement with partner company Groupe CAT to acquire its 50% shares in CAT-WWL, a joint venture network of 10 vehicle processing facilities based in South Africa. With full ownership in CAT-WWL, which employs about 800 people and which started business...
  • KG heavyweights combine
    Leading shipping KG issuing house HCI Capital has agreed to buy a majority stake in fellow KG house and ship investment manager König & Cie. The group (HCI) whose largest shareholder is Hamburg shipowner and maritime service provider Peter Döhle will take over...
  • Antwerp denies box terminals discrimination charge
    The port of Antwerp has said that it expects the European Commission to clear it of a charge from logistics group Katoen Natie that it had been guilty of discrimination in its treatment of the port's leading container terminal operators. The commission announced on Friday that it had...
  • Australian port strikes over for now
    Rolling stoppages by tug engineers around the Australian coast over the past fortnight will end on 20 January at midnight. A separate nationwide 24-hour stoppage by dockworkers employed at Patrick container terminals ended on 18 January. Future stoppages notified for next week are now being...
  • Port inefficiencies plague east African supply chains
    Shore handling charges at the key east Africa gateway ports of Mombasa and Dar es Salaam increased in 2015, while port dwell times for cargo continued to languish well below global standards. The charge for handling a 40 ft import container at the port of Mombasa, Kenya, rose...
  • Rio Tinto met coal shipments jump 16%
    Rio Tinto's quarterly results released on 19 January reflect growth in metallurgical coal used in steel-making overtaking thermal coal in line with the latest International Energy Agency (IEA) forecasts. The miner's December 2015 quarterly results show semi-soft and thermal coal shipments were up 9% despite record-low...
  • Mercator Lines exits dry bulk market, Norden sells Capesizes
    Singapore-listed Mercator Lines has decided to exit the dry bulk market after sustaining many losses because of the shipping downturn. Likewise, due to the depressed market, Denmark-based shipowner Norden has exited the Capesize market after selling its last Capesize to focus on other vessel classes such as the Supramax and...

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The Loadstarweb site
JANUARY 19, 2016
  • Best expansion bid shows Alibaba has eyes on emulating Amazon's distribution ambitions
  • Can air cargo capitalise on confusion and congestion from new container weighing rules?
  • Atlas Air to acquire Southern Air for $110m
  • Transpacific container shipping rates decline as east vs west coast marketshare battle heats up
  • There's good news and bad news as Air France hits the headlines
  • Case study: when tragedy strikes your supply chain

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Marine Logweb site
JANUARY 19, 2016
  • Ferry giant FRS takes majority in Clipper, eyes Cuba
  • Eastern launches MPFSV for Harvey Gulf
  • IMO: Still short on BWM convention tonnage tally
  • First WinGD designed dual fuel two strokes passes TAT
  • Tampa shipyards get a new CEO
  • USCG issues safety alert on GPS disruptions

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World Wide Shipperweb site
JANUARY 19, 2016
  • Wallenius Wilhelmsen Logistics now owns all CAT-WWL shares
  • Mitsui O.S.K. Lines to start new China/India service
  • Portland Airport expanding shopping, restaurant choices
  • Maersk Line adding Ningbo to Asia/West Coast SAm run
  • International Shipholding gives update on current state of strategic plan

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Lloyd's Listweb site
JANUARY 19, 2016
  • Callimanopulos firms up two more tanker newbuildings in China
    Programme at CIC Jiangsu yard lifted to $330m
  • Nasdaq notifies Diana Containerships on low share price
    Boxship owner joins growing club eyeing reverse stock splits
  • Hundreds of vessels and companies dropped from US sanctions lists
    Non-US persons granted increased freedom to deal with Iran since implementation day
  • Port workers in Greece to strike
    Two-day strike to hit several ports from Wednesday
  • Nigeria LNG hits back at $3.9bn tax dodge accusation
    African gas project says it is a good corporate citizen and claim is misleading
  • Contship Italia volumes down as Gioia Tauro throughput slips
    Fall in traffic at Medcenter Container terminal partly offset by rises at Cagliari, Ravenna, La Spezia and Salerno
  • P&I clubs confirm Tehran visits following end of Iran sanctions
    But remaining restrictions scupper immediate return to market
  • DP World invests in Rwanda as new report highlights African promise
    Dynamar singles out east and southern Africa as carriers hunt out underdeveloped trades with strong growth potential
  • Suezmax and aframax rates slide on tepid demand
    Suezmax and aframax rates dropped across the board, with rates softening for all the main benchmark routes due to fewer cargoes and ample vessel availability
  • Svitzer Australia polls workforce directly on union dispute
    Company email to employees addresses engineers' concerns
  • Doubt cast on Iran crude output
    A lack of investment in some ageing fields and the market glut will hold back output
  • Terminal operators call for clarification on box weighing
    More action at national level urged
  • Cosco Singapore picks new chairman
    Changes come as company mulls asset structure adjustments to sustain business operations
  • Carriers post record reliability levels for 2015
    Lines improve on-time arrivals as alliances bed in
  • Japanese refiner books US crude shipment
    Asian traders bypass weak market and unfavourable arbitrage economics
  • Sainty Marine awaits restructuring approval from court
    Chinese shipbuilder still faces asset liquidation risk
  • Wallenius Wilhelmsen Logistics takes full control of South African venture
    Transaction subject to approval from competition authorities
  • Rio Tinto iron ore shipments up 11% in 2015
    Mining giant continues to defend its market share through low cost production
  • Tianjin Port to buy container cranes from subsidiary
    Consideration of $9.7m likely financed by group's internal resources
  • Baltic Handysize Index continues to tumble
    Overcapacity continues to thwart the handysize segment as BHSI slumps to fresh low
  • Bahri reports surge in net profit
    Merger completion and vessel purchases help to boost net income
  • Mercator placed under judicial management
    Yit Chee Wah chosen as judicial manager of Mercator Singapore

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The Journal of Commerceweb site
JANUARY 19, 2016
  • Ports America terminates Oakland lease to focus on other terminals
  • High inventories said likely to slow US growth
  • CP asks US to investigate other railroads' 'campaign' against NS acquisition
  • Capt. David Humphreys, Linea Peninsular founder, dies at 82
  • DP World Nhava Sheva nearly back to normal after one-day closure
  • China and Russia push forward on port, rail projects despite slowing economies
  • Antwerp denies charges of terminal operator favoritism
  • India passes China as most promising emerging market for logistics, survey says
  • India exports fall for 13th straight month
  • Costs at East Africa ports rise, productivity drops
  • Air freight sinks at Frankfurt, soars at Leipzig, Munich
  • Lack of intra-Asia port congestion tied to declining volumes
  • Europe terminal operators demand clearer container weighing rules
  • Cautious optimism greets China's latest GDP numbers
  • Brisbane berth stays shortest among Aussie ports

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TradeWindsweb site
JANUARY 19, 2016
  • Outages after Grieg ship hits power line
    Some 5,000 California electricity customers lose power after Star Luster incident.
  • VLCC owners back on offence; rates bounce
    Spot rates on TD3 from Middle East surge 24.8% in one day as February loadings take off.
  • Havila axes bondholder vote on debt plan
    Offshore vessel owner pulls summons due to insufficient support but sticks to timeline.
  • Carnival executives strike on options
    Carnival UK CEO Noyes and Costa's Thamm grab $393,000 worth of shares and sell some.
  • Eagle Bulk at table with banks to fix breach
    Shipowner has a couple of weeks to find a solution to financial situation.
  • HSH sell-off gathers pace
    Investment banks vie for roles in privatisation of restructuring German shipping lender.
  • UK offshore outlook bleak
    Broker Westshore says owners face drop of between 20% and 44% in number of rigs operating this year.
  • New Piraeus offer due
    Greece to consider improved bid from Cosco to take majority stake in key port.
  • Lotos Shipyard wins tankers
    Russian owners Volgotrans and Transpetrochart sign up for small vessels at domestic builder.
  • Ezra takes share action
    Singapore owner proposes stock split to comply with new minimum price on stock exchange.
  • Cosco Corp brings in Wang
    Group executive VP replacing Li Yun Peng as chairman at shipyard and bulker unit.
  • Primorsk International heads into Chapter 11
    Tanker owner has sought court protection in New York as part of restructuring.
  • Pirate kingpin surrenders
    Somali Mohamed Osman Mohamud gives himself up to authorities, along with hundreds of his men.
  • Tankers to make hay while bulkers bleed
    Jefferies expects continued profit for tanker companies and widespread red ink in dry bulk.
  • Scenic makes cruiseship move
    Australian river specialist orders first ocean-going vessel in Croatia, with one option.
  • Le Boreal gets a lift
    Fire-damaged Ponant cruiseship loaded on to Cosco heavy-lift ahead of repairs.
  • Siem ups renewal effort with new pair
    Oslo-listed reefer owner takes twin Shikoku newbuildings on long-term charters.
  • Maltese yard worker dies
    27-year-old Italian killed after being hit by machinery at Palumbo facility.
  • WWL takes full control
    Car carrier owner buys out partner Groupe CAT in South African logistics venture.
  • Mercator manager moves in
    Court-appointed Yit Chee Wah evaluating options to preserve owner's assets as Harish Mittal quits as chairman.
  • Navig8 deals out share incentives
    Four senior executives at OTC-listed tanker owner in line for payout by the end of the year.
  • Creditors circle as Mercator sells bulkers
    HSH succeeds in bid to have Singapore bulker owner run by judicial manager as Indian parent cuts its losses.
  • POSH could opt to go private
    Mergers and acquisitions seen accelerating in Singapore offshore sector, say analysts.
  • Chevron eyes China LNG deal
    Oil major could end up supplying 5mt over ten years to Zhoushan terminal from Australia.

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American Shipperweb site
JANUARY 19, 2016
  • NEWS FLASH: Ports America, TIL to exit Port of Oakland
  • WWL to acquire full ownership of CAT-WWL
  • Ag secretary plans trade mission to Chile, Peru
  • U.S., Mexico launch second cargo pre-inspection program
  • Busan Port's 2015 cargo results fall just short of expectations
  • CSX consolidates management divisions in face of coal decline
  • Industry advocates call for container weight regulations to be clarified on national level

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The Bunker Bulletinweb site
JANUARY 19, 2016
  • 2016 brings step change in EU sulfur inspections
    EU countries, even outside ECAs, now required to test fuels on 2-4% of ships, using MARPOL or in-use samples.
  • Bunkers International liquidation to be heard end-January
    Bunkers International had debts of $40 mil.
  • Japan's Nov bonded bunker fuel sales up 13% on month at 2.65 mil barrels
    Lower prices said to have driven buying interest.
  • Saudi Bahri's Q4 earnings jump on cost savings, low bunker prices
    More than triple Q4 2014 earnings.
  • Chinese firms, Algeria to develop port at Cherchell
    Algerian port to serve North African, European shipments.
  • More emphasis on dealing with solid players post-OW
    The fact Bunker Holding's finance model does not give banks security in its invoices 'makes us a safe partner' says Dan-Bunkering CEO.
  • Sweden sees higher ECA compliance than Norway in 2015
    441 samples tested in Sweden and 204 in Norway, while only Norway has issued fines so far.
  • Tanker, carrier collide in Tokyo Bay
    Oil leak from tanker under control.

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