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25 September 2021 The on-line newspaper devoted to the world of transports 00:14 GMT+2

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Sched Netweb site
JANUARY 21, 2016
  • Panama opening delayed to second quarter, contractor payment a problem
  • Local Greek seamen and dockers strike for 2 days over pensions
  • PSA International's 2015 volume drops 2pc to 64.1 million TEU worldwide
  • Mainland-Hong Kong to Australia rates go up US$300/TEU from March
  • Emission control areas come to China - MOT sets schedule of mandates
  • All on tenterhooks as Greece evaluates new Cosco bid for Piraeus Port
  • CP asks US prosecutors to check legality of rail rivals blocking NS take-over
  • China's economy grew 6.9pc in 2015, according to official statistics
  • CMA CGM announces NEFGUI and North Brazil Feeder to call at Vila Do Conde
  • Not to be caught unawares Marseille port ramps for 20,000-TEUers
  • Kuehne + Nagel to distribute GlaxoSmithKline products globally
  • Charleston Harbour dredgiing project recommended for congressional nod
  • Cathay-Dragonair tonnage up 1.4pc in December, rises 4.3pc in 2015
  • Matternet, DHL test drones with real payloads Switzerland and Germany
  • Liege, Munich airports post cargo surges with Munich growth topping Fraport
  • Heathrow makes move to convert ground vehicles in 'Go Electric' scheme

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Exim Indiaweb site
JANUARY 20, 2016
  • Cyber security guidelines focus on a growing threat
  • IMO launches 'Indispensable shipping' theme for 2016
  • IRClass Academy delivers on maritime professional development for ship superintendency
  • Ministry of Shipping initiates 'Project Green Ports'
  • APSEZ promotes Mundra SEZ in Ahmedabad
  • ChPT issues e-tender for road widening
  • Nitin Gadkari to deliver keynote address at Bombay Chamber's 9th Biennial Conference on Ports, Shipping & Logistics on Jan. 22
  • Port of Amsterdam rewards clean ESI ships with double bonus
  • Railway workers mull 'indefinite strike'
  • Truck rentals fall sharply by 6 pc after cut in diesel prices
  • Exporters & Centre suggest steps to boost shipments
  • Extend 'Startup India' benefits to SME exporters: EEPC
  • Highlights of Master Direction - Exports of Goods & Services
  • INR plunges below 68 against dollar

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International Transport Journalweb site
JANUARY 21, 2016
  • New officers for Corpus Christi
  • Bentheimer boosting services
  • PKP Cargo fined for restricting competition
  • Marseille Provence welcomes bigger DHL presence
  • New sales and marketing leaders for CSX
  • Bofill & Arnan group opening up in Morocco
  • Top tier change at Captrain
  • 32 m long truck takes to Sweden's roads
  • New: express flight between Prague and Cologne
  • No quick solution for Chennai port?
  • Taking Bavaria's best to Berlin
  • Executives transfer to Valx
  • Augmenting offers for distribution vehicles
  • Cargolux pushing out the frontier
  • Liebherr lifting Rostock
  • Busan: great ambitions for 2016

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IHS Maritimeweb site
JANUARY 20, 2016
  • NYK wins another CVC with Hokuetsu Kishu
    Japan's NYK Line has won a long-term consecutive voyage charter (CVC) with compatriot paper manufacturer Hokuetsu Kishu Paper. The latter imports wood fibre and pulp to make paper. The contract will be serviced by a wood chip carrier that NYK has ordered at Oshima for 2018 delivery. The...
  • Samjin Shipbuilding Industries to resume business
    Samjin Shipbuilding Industries has confirmed that it will resume operations in mid-February 2016 after a Chinese company came to its rescue. The South Korean-owned company, whose shipbuilding facilities are in Weihai in China's Shandong province, found itself mired in financial woes after accepting low-priced orders in the last few years. Chinese investor...
  • Stock value of Keppel's marine division eroded
    Singapore's Keppel Corporation's share price has slid to a point where its offshore and marine division is virtually worthless, according to a report by RHB Securities. The stock closed at SGD4.83 (USD3.38) on 20 January. RHB Securities analyst Lee Yue Jer said, "Keppel's stock has slid to a point where its offshore...
  • BDI volatility at record low after 'death spiral'
    Volatility of the Baltic Dry Index (BDI) has been reduced to record lows after a death spiral that has floored the index, and it has now reached a level from which the only way should be up. Looking back, the BDI was rather range bound in the...
  • Commentary: Economic woes to test China's latest Five Year Plan
    China is about to begin its latest Five Year Plan, and while it is easy to dismiss the planned approach as a Soviet-style relic of the past, the next few years will critical to a country undergoing a chaotic transition from an export and industry focus...
  • World Economic Forum outlines greater global risks to trade ahead of Davos
    The year ahead will see more barriers to trade, the World Economic Forum (WEF) managing director told IHS Fairplay ahead of the annual meeting in Davos, Switzerland, starting today. Espen Barth Eide, managing director of the World Economic Forum, said "greater powers and states are competing - not on the...
  • China slows, Africa grows
    With China's slowing economy casting a shadow across the global maritime and trade sector, news this week of multiple investments in African port and supply chain infrastructure points to one place where industry leaders are clearly turning for growth opportunities. Africa is centre stage for global terminal operators at the moment,...
  • Suezmax, Aframax spot rates crawl to a decline
    Spot rates for Suezmax and Aframax tankers have slowed to a decline as December 2015, according to the Organization of the Petroleum Exporting Countries (OPEC) report for January 2016. Based on the monthly report, spot rates for Suezmax dropped 7% month on month (m/m) in December 2015, dragged down by limited...
  • Westport seeks 'orderly' expansion
    Malaysia-listed port operator Westports Holdings (Westport) follows a simple and prudent guideline for port expansions, according to its CEO Ruben Emir Gnanalingam. "Every time we hit a certain level of utilisation, we expand.So last year we decided to expand to the next phase, which is container terminal 8, or CT8. The...
  • Box ship sold at new low
    According to Braemar ACM, 2008-built, 2,824 teu container ship Kota Permasan was reportedly sold for USD10.5 million to an end user, setting a new record low. Kota Permasan was built by South Korean shipbuilder Hyundai Miyo. Hyundai Miyo-built, E.R. Malmo, an older vessel constructed in 2005 with similar design specification...

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The Loadstarweb site
JANUARY 20, 2016
  • Cargolux China eyes 747Fs for take-off in 2017, after $77m investment is approved
  • Ports America decides to move out - a blessing in disguise for west coast port of Oakland?
  • Container shipping rates to West Africa take a dive as carriers use bigger vessels
  • A question of succession, as Evergreen says farewell to founder Chang Yung-fa
  • Jan de Rijk acquires automotive specialist De Rooy Logistics
  • John Good Shipping launches air freight division headed by Ed Clarke
  • Steve knows his onions - and they love 'em in Malaysia

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Marine Logweb site
JANUARY 20, 2016
  • Wartsila to upgrade world's largest residential ship
  • Inmarsat opens new Singapore office
  • MAN Diesel & Turbo: another China two stroke licensee
  • New LNG ship design promises 3-5% fuel savings
  • Damen's in-port BWTS goes to sea

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Lloyd's Listweb site
JANUARY 20, 2016
  • Panamaxes plunge to record low
    Baltic Panamax Index continues downward rout, dragging BDI with it
  • Safe Bulkers scores 30-month post-panamax employment at above-market rate
    Period deal with unidentified charterer underlines owner's portfolio approach
  • North Sea offshore rate spike may be short lived
    Effect of lay-ups may not be enough to hold rates as 2016 rig count forecast bears bad news
  • North P&I bides time over return to Iran
    But fixed premium specialist DGS consulting lawyers over possibilities now sanctions partially lifted
  • Nigeria LNG's billion dollar tax spat ratchets up
    Tax breaks for Nigeria LNG were unnecessary as energy companies would have made the investment anyway, claims ActionAid
  • Ma Zehua steps down as China Cosco chairman
    Move expected following merger between Cosco and China Shipping
  • Product tanker rates down on major routes as tonnage outpaces demand
    Atlantic basin gasoline and diesel glut curbs arbitrage flows
  • Ports America quits Oakland
    Stevedore to focus on other US west coast investments as Oakland pledges to minimise disruption
  • SIPG to raise $608m in bonds
    Money will be used to repay bank loans, adjust debt structure and replenish working capital
  • Succession questions as Evergreen's Chang Yung-fa dies
    Update: Will any of Dr Chang's four sons take control or will senior management continue to run the group? Evergreen Group issues "business as usual" statement
  • Shanghai International Port Group may operate new port in Algeria
    $3.3bn project to become major transhipment harbour to serve north Africa and Europe
  • Evergreen founder Chang Yung-fa dies aged 88
    Owner among most influential figures in Asian and global shipping
  • North P&I publishes dry bulk cargo safety guide
    Book designed to spell out legal requirements and best practice
  • Primorsk enters Chapter 11 in effort to resolve impasse with senior lenders
    Company reaches debt for equity swap deal with unsecured bondholders and aims to extend senior debt obligations
  • Swiber takes stake in Nigerian offshore company
    Deltatek Offshore now an associated company of Swiber
  • India's shipping ministry launches green ports project
    Green Ports Initiatives focuses on environmental aspects while Swachh Bharat Abhiyaan targets premises' cleanliness
  • Energy company EDF moves first Texas LPG to Asia
    VLGC will deliver 45,000 tonnes of propane to end user in Asia
  • Abu Dhabi Ports posts record cargo volumes for 2015
    Ro-ro volumes boosted by shift to Khalifa port
  • Mississippi waters remain at high levels
    Stronger currents are slowing trade
  • Eagle Bulk in trouble with senior lenders over US sanction violation
    Company enters into forbearance agreement to resolve covenant breach and rectify missed loan payment
  • A ticket out of cyclical doomsday shipping economics?
    Despite the 'Grey Gauge' hovering near to suicidal, a greener future might just prove a brighter one for shipping

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The Journal of Commerceweb site
JANUARY 20, 2016
  • Tennessee best state for small motor carriers; California worst, survey says
    Small trucking companies grumble that federal regulation is pushing them out of business, but a new survey shows which states are also making it harder for owner-operators and small fleet operators to keep rolling. Tennessee topped the list of best states to own a smaller-sized trucking firm in the U.S. and...
  • Atlas Air Worldwide acquires competitor
    Atlas Air Worldwide Holdings' plan to acquire competitor Southern Air Holdings will diversify the air cargo carriers' fleet, strengthen its relationship with its biggest customer, DHL Express, and position it to grow in the U.S. and globally, according to a BB&T analyst. Atlas Air, one of the world's largest air cargo...
  • Rio, Recife ports move forward on deepening, Santos delayed
    Two of three of the most important Brazilian port deepening projects are advancing, paving the way for container lines to eventually bring the larger vessels that will soon to be able to traverse the larger Panama Canal locks to the ports of Rio de Janeiro and Recife. The project to deepen...
  • Atlas Air Worldwide to acquire Southern Air Holdings
    Atlas Air Worldwide Holdings' plan to acquire competitor Southern Air Holdings will diversify the air cargo carriers' fleet, strengthen its relationship with its biggest customer, DHL Express, and position it to grow in the U.S. and globally, according to a BB&T analyst. Atlas Air, one of the world's largest air cargo...
  • Inland Distribution 2016
  • TPM Asia 2016
  • Container Trade Europe
  • China shipping industry shrugging off container weight rule
    In less than six months, the new container weight verification rule will take effect. However, the China-based manufacturers, freight forwarders and shipping lines I spoke to don't expect much to change and have only a moderate awareness of what SOLAS even means. The International Maritime Organization is a specialized agency of...
  • Global terminal operators turn to Africa as China slows
    Cape Town portWith China's slowing economy casting shadows across the global maritime and trade sector, news this week of multiple investments in African port and supply chain infrastructure points to one place where industry leaders are clearly turning for growth opportunities. Africa is center stage for global terminal operators at the...
  • No reinstatement of trucker hours-of-service rules on the horizon
    ATLANTA - U.S. truck driver hours-of-service rules suspended by Congress won't be put back in place any time soon, and not without consultation with trucking "stakeholders," a Federal Motor Carrier Safety Administration official told trucking and logistics executives today. "We are continuing with that suspension, even though we're into fiscal year...
  • Minor Russia container operator grows as majors struggle
    Ruscon's MANP facility.Russian intermodal container operator Ruscon posted a traffic increase in the third-quarter of 2015 because of new services, more shipments of refrigerated cargo and new customers. The strong performance of Ruscon goes against the downward trend in Russia's container trade that defined 2015 and led to talk of consolidation...

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TradeWindsweb site
JANUARY 20, 2016
  • Jones Act tanker play boosts Kinder Morgan
    Midstream company's growth to largest cabotage products tanker owner pays off, so far.
  • BC LPG export terminal in the works
    Energy logistics firm that runs Ferndale site plans similar project in British Columbia
  • Moody's cuts outlook for Navios arm
    But US agency affirms "B2" credit rating for Uruguay's Navios South American Logistics.
  • Writedowns draw Norden profit warning
    Danish owner reveals pending loss after taking $340m charge in its 2015 accounts.
  • Nordea Bank slams Primorsk Chapter 11
    Lead bank on $530m loan facility says tanker owner's restructuring plan is 'unrealistic'.
  • Piraeus confirms Cosco stake
    State-run Chinese shipping giant makes better offer after Greek authorities convene on deal.
  • Euronav finalises VLCC sale
    The Paddy Rodgers-led tanker owner says asset sale reduce availability under revolving loan.
  • EDF loads VLGC from US Gulf
    Cargo is first part of ongoing term deal as major LNG player adds LPG to product slate.
  • Diana Containerships targets reverse split
    Greek owner warned by Nasdaq exchange after shares remain below $1 minimum price.
  • Tallinn forced to pay up
    Estonian port ordered two of four new ferries in Poland for extra $19m due to lack of capacity in Turkey.
  • Franklin Templeton hikes Clarksons stake
    Investor takes leading position in world's largest shipbroker, filing shows.
  • FRS buys US ferry owner
    German group aiming to launch Canadian and Cuban runs after Clipper takeover.
  • Teekay dividend cuts have come to life
    Parent and two daughter companies reveal sharply reduced fourth quarter payouts
  • Stephen Feinberg sells slice of DHT stock
    Investor trims holding in tanker owner but remains a key shareholder in the company.
  • Ma quits as China Cosco chairman
    Chinese group replacing veteran executive with director Wan Min, 47.
  • NileDutch debuts US run
    West African line starting new service to the east coast of America.
  • Hiding under a rock in a hard place
    Figures show shipping shares undershooting the wider market, but is it justified?
  • Ladder rigged upside down
    Fatal mistake led to overweight second mate falling from Japanese bulker in Australia.
  • HHI orders down 27%
    World's biggest shipbuilder booked $14.5bn of new business in 2015.
  • 'Son of the ocean' Chang Yung-fa dies
    Evergreen's billionaire founder has died at the age of 88, the company says.
  • 'Best tanker buying window for 10 years'
    Chaos in global stock markets has opened equity investment opportunity similar to 2002, analyst says.
  • Shipbreaker killed in Bangladesh
    Sitakunda yard worker dies after being hit by iron plate.
  • PGS in the money
    Norwegian survey ship owner should post EBITDA of $485m in 2015.
  • Incomplete tanker on the block
    Products carrier ordered by German owner in 2008 up for auction at China's Jiujiang Xiangsheng shipyard.
  • Brittany Ferries fixes Pelican
    Ferry company set to launch new service linking UK and Spain with CMN ro-ro.
  • Swiber invests in Nigerian outfit
    Acquisition increases Singapore offshore company's exposure to sub-Saharan Africa region.
  • Havila halts vote on bond payment plan
    Offshore vessel owner pulls summons due to insufficient support but sticks to timeline.

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American Shipperweb site
JANUARY 20, 2016
  • CP wants DOJ to investigate 'campaign' to block NS takeover bid
    Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase number four U.S. railroad Norfolk Southern.
  • Y.F. Chang, founder of Evergreen, dies at 88
    The 17th richest person in Taiwan, Chang was known as a bit of a maverick in the ocean shipping industry, as well as a philanthropist and environmental advocate.
  • EZ Worldwide Express files for bankruptcy
    The parcel carrier, many of whose clients are large retailers, was hit hard by a holiday shopping season that "fell far short" of expectations, according to court filings with the U.S. Bankruptcy Court in Newark, N.J.
  • Commentary: Maersk makes stand on maternity
    Maersk Group recently announced it was upping the amount of paid maternity leave it will offer female employees, a positive move by the global liner carrier.

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The Bunker Bulletinweb site
JANUARY 20, 2016
  • Singapore's record bunker sales due to narrower differential to Russia prices
    Piroj executive director ascribes high sales to low prices making Singapore attractive for bunkering.
  • Eagle LNG finds technology provider for LNG bunkering plant
    Company chooses natural gas liquefier from Cosmodyne.
  • TANKERS: Turkish port of Ceyhan closed by bad weather: port agent
    Operational delays in the Bosporus from higher number of vessels.
  • Russian DeloPorts' 2015 bunker sales fall 33% on year
    Bunker sales hit by drop in cargo vessel demand.

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