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23 September 2021 The on-line newspaper devoted to the world of transports 23:44 GMT+2

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Sched Netweb site
MARCH 21, 2016
  • A-E rate falls 2.8pc to US$205/TEU, off 6pc to USWC, drops 3pc to USEC
  • Hanjin Shipping to remove two 13,000 TEU ships from Asia-Europe lane
  • DP World profit soars 30.7pc to US$883 million as revenue rises 16.3pc
  • PSA International profit down 9.5pc to US$933.32 million as sales dip 6.7pc
  • West African coast: CMA CGM speeds expansion, increases ship size
  • Mothballed boxship fleet reaches record high of 1.6 million TEU
  • China Merchants bids for Baltic Exchange, rivals Singapore Exchange offer
  • IRISL re-opens liner service with Genoa, Antwerp and Hamburg
  • CSX rail cuts 101 Kentucky jobs as federal regulators cut coal use
  • Shippers appeal to USWC dockers union, employers to extend contract
  • Forwarders to gather for Eurasia Cargo Meet in Moscow April 21
  • Marine engineering conference to be held in Abu Dhabi April 24-27
  • International Naval Engineering Conference April 26-28 in Bristol
  • Lufthansa Cargo's profit falls 40pc in 2015, overcapacity, strike blamed
  • Airbus in talks with Iran over deal to produce aircraft parts
  • Cargo 2000 rebrands as Cargo iQ as new members join standards group

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Exim Indiaweb site
MARCH 20, 2016
  • ...launches new WEMED service dedicated to intra-Mediterranean trades
  • CMA CGM upgrades MIDAS line serving India & West African coast by adding Nhava Sheva & Lagos Apapa calls
  • Coastal Container Transporters Association seeks MTO status
  • Finance isn't a problem for developing new waterways, says Gadkari
  • Projects worth $ 18 bn lined up to woo investors at Maritime India Summit next month: Gadkari
  • Tanker owners urged to take a longer outlook
  • Wan Hai Lines inaugurates maiden voyage under CI2 service at JNPCT
  • EU extends GSP for Indian readymade garments
  • Indo-Pak trade looking up
  • Kuwait again bans Indian poultry products
  • APM Terminals Pipavav welcomes INDFEX service
  • JN Port berths largest ever box vessel
  • MICT involved in creating a clean & healthy environment for the community
  • Port of Antwerp offers 3-day training programme from May 30-June 1
  • Anti-dumping duty imposed on import of plastic-processing machines from 4 countries
  • Cotton arrivals decline by about 11 pc in 2015-16 season
  • Govt in-principle approves 14 NIMZs outside DMIC region

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International Transport Journalweb site
MARCH 21, 2016
    Competing together Oman: railway construction to start in 2018 New Channel terminal ready at Dunkirk Railfreight recovering in France Goodman acquires 100% stake in its Brazil firm Pactl and DPC receive CEIV pharma certification Port of Seattle names COO Wemed for the Med German wagon manufacturer expanding in China Cronus integrating Cardiff into Irish Sea schedule Donna Dunnam joins marine consultancy Largest horse transport on single flight in Europe New exhibit handling contractor in Italy CKYHE reorganising service network Americold names SVP regional business development Kick-off time for new RJ service

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IHS Maritimeweb site
MARCH 18, 2016
  • Brazil's Vale tightens Chinese bulk shipping ties
    Brazilian iron-ore giant Vale has inked a landmark 27-year contract of affreightment (COA) with China COSCO Shipping Corp (COSCOCS) for the transport of 16 million tonnes of iron ore per year. The COA will begin in the first half of 2018, with cargoes...
  • PSA posts profit fall for 2015
    Singapore-headquartered port operator PSA International (PSA) posted a lower full-year profit for 2015 due to the softening of global trade and demand. Net profit for the year ending on 31 December 2015 was recorded at SGD1.27 billion (USD 933 million), down 9.5% compared with SGD1.4 billion in...
  • Rates row sees Indian port act to scrap terminal contract
    The board of trustees of India's state-owned VO Chidambaranar Port Trust, which runs the port at Tuticorin on the country's eastern coast, has 'in-principle' approved the cancellation of a container terminal contract with a joint venture majority owned by Singapore's...
  • Shipowners warned over crew fitness fears
    The Loss prevention officer of a leading P&I Club has warned owners they need to take a proactive stance on crew fitness as research found that the maritime sector faced a major issue...
  • Industry dismisses Indian cabotage rule change as unworkable
    India's lifting of cabotage restrictions to allow foreign-flagged container ships to carry export-import (EXIM) loaded and empty containers along the country's coast has been dismissed as unworkable. The rule change is linked to government plans to set up transhipment ports and...
  • Navig8 Product Tankers and CMB Financial Leasing in ship sale and leaseback deal
    Navig8 Product Tankers, the London based product tanker company whose shares are traded on the OTC list in Oslo, has signed a sale and leaseback deal with CMB Financial Leasing (CMBFL) for two of the four 74,000 dwt LR1 product tankers it has...
  • Bunker stakeholders divided on mass flow meters
    With less than a year to go before mass flow meters become mandatory in Singapore's bunkering scene, industry stakeholders remain in disagreement on the extent to which the devices ensure that the right quantity of fuel is delivered to ship operators. During the International Bunker...
  • BW Group to take advantage of distressed dry bulk assets
    Singapore-based BW Group is re-entering the dry bulk shipping sector by taking advantage of distressed assets, the company has revealed to IHS Fairplay. Since the Baltic Dry Index deteriorated to an all-time low, vessel values have fallen in tandem. On 16 March BW announced that...
  • Hyundai Merchant Marine to seal deal with main creditor bank
    Beleaguered Hyundai Merchant Marine (HMM) has announced that it will go ahead with a voluntary agreement with its main creditor Korea Development Bank (KDB) on 29 March. The agreement, which will include extending the maturity of HMM's principal debt amount and related interest, and...
  • Breakbulk reaps the benefits of booming China-Africa trade
    China's heavy investment in the fast-emerging economies of Africa is stimulating rising demand for Africa-bound shipping services, carriers at Breakbulk China in Shanghai told IHS Fairplay.Supported by the One Belt One Road policy, a large number of Chinese-led infrastructure construction...
  • Zero freight being reported on grim Asia-Europe trade
    Forwarders are reporting a growing number of enquiries for zero freight rates on container shipments from Asia to North Europe, even as spot rates on the trade and on Asia-Mediterranean this week matched the lowest levels ever recorded. Asia-Europe rates hit USD205 per teu, a level it...
  • Kribi to replace 'the worst port in Africa'
    Construction work is set to begin on the second phase the only deepwater port in central Africa at Kribi in Cameroon after a second round of financing was arranged with the Exim Bank of China. The second phase of the project will cost USD675.5 million and consist of...
  • Increasing number of idle offshore assets causes concern for insurance companies
    Insurers and underwriters are concerned over the rising numbers of laid-up offshore assets and the risk coverage posed by them. "Now we have the potential problem of offshore assets being laid up for a longer period and not being looked after properly," said Nick White, director of claims disputes and litigation...
  • CMA CGM and NileDutch ramp up West Coast Africa coverage
    Growing customer demand in West Africa will see global carrier CMA CGM and Africa specialist NileDutch expanding coverage of the continent, growing their fleets and building on ocean services and inland transport corridors.The Rotterdam-based NileDutch has upgraded its FEWA...

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The Loadstarweb site
MARCH 18, 2016
  • European Shippers Council calls on EC to ban general rate increases by shipping lines
  • Hapag-Lloyd may have a hi-tech way to root out air freight's rogue lithium battery shippers
  • Analysis: Deutsche Post DHL shareholders losing faith? Forwarding arm may have to go after all
  • Asia-Europe rates still falling - carriers touting at below $200 per teu
  • Billionaire brothers see no turnaround for the global economy
  • Umm, so then why aren't your sales better?

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Marine Logweb site
MARCH 18, 2016
  • Kleven to build stern trawler for Spanish owner
  • SUNY Maritime expands Bouchard Simulation Center
  • More sparks fly in Canada shipbuilding controversy
  • Austal USA gets $13.9 million Navy award
  • With sanctions lifted, IRISL resumes service to Hamburg

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World Wide Shipperweb site
MARCH 18, 2016
  • Seattle-Tacoma Airport earns pair of industry honors
  • NAFTA partner trade drops during 2015
  • Coast Guard rescues three men from Necanicum River sandbar
  • Crowley no longer in running for Valdez oil spill response work
  • Los Angeles Port Commission Oks plan for new electric crane

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Lloyd's Listweb site
MARCH 18, 2016
  • VLGC spot rate stabilises
    Spot rate should hold at these levels for coming days until Asian LPG price rises
  • Running out of cash, running out of time
    Scorpio Bulkers offered a lesson in survival skills as more dry cargo companies run afoul of debt obligations
  • Maritime industry flocks to Connecticut
    Important discussions are to come at the CMA's 31st annual shipping conference and exhibition ahead of Paddy Rodgers' promotion to commodore
  • China Cosco signs 27-year COA with Vale
    Orders of 10 underlying valemaxes might soon be announced
  • Maersk trade report highlights South Africa's export opportunities
    Outlook for South Africa's box trade may be bleak, but if it can capitalise on the country's commodities it could be brighter
  • Safety fears grow over China's chemical tanker building drive
    Chemtankers are being built at inexperienced Chinese shipyards as owners look to cut costs
  • APL looks forward to bright future under new ownership
    After losing ground for several years, the Singapore line will now have the chance to expand once CMA CGM acquires control
  • European Shippers' Council says GRI moves insufficient
    Calls on Commissioner Verstager to abolish price arrangements
  • Damen Shipyards Gorinchem banned from World Bank tenders for 18 months
    Debarment period reduced from 36 months to 18 as a result of Damen's immediate co-operation
  • Wärtsilä and CSSC to form another joint venture in China
    New company expected to start operations in 2017
  • Mounting resistance
    Canadian shippers add their concerns to those voiced in the US as VGM deadline looms
  • PSA International posts 9.5% drop in 2015 profit
    Port operator says container throughput fell 2% to 64.1m teu in 2015
  • CMA CGM upgrades Africa services
    French line increases port calls and vessels sizes, and launches intra-Med service
  • Genting Hong Kong 2015 profit surges on one-off accounting gain
    Results boosted by reclassification of an associate company as an available for sale investment
  • US Coast Guard removes anti-terrorism restrictions on ships from Cuba
    Vessels coming to US are no longer required to employ additional security measures while in Cuban ports
  • Creditors move to sell Mercator vessel by auction in India
    Decision comes after arrest of vessel at an Indian port
  • Noble Group incorporates shipowning subsidiary
    Subsidiary to be 65% owned by another group unit, Noble Chartering Limited
  • Indian government eases restrictions on coastal shipping
    Move allows foreign flagged container vessels to trade in coastal areas

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The Journal of Commerceweb site
MARCH 18, 2016
  • DP World Nhava Sheva handles JNPT's largest ship to date
  • US Senate bill would send more money to ports faster
  • Trans-Pacific eastbound spot rates hit new low
  • Cass: US truckload rates stall, intermodal pricing drops
  • Brazil faces dredging drama as political crisis widens
  • FedEx Freight adds dimensional scanners for LTL shipments
  • Double-digit gains surge through Northwest Seaport Alliance
  • Maersk adds Kakinada to India-Africa service
  • APM Terminals bullish on Mexico terminal
  • India's Vallarpadam hits volume record despite trade challenges
  • Central Africa's only deep-sea port takes shape at Kribi
  • CMA CGM debuts intra-Med service
  • APMT Pipavav gets new intra-Asia service
  • Forwarders report zero freight on wretched Asia-Europe trade

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TradeWindsweb site
MARCH 18, 2016
  • Monarch exits Scorpio Bulkers with last jab
    US investment firm, and combative shareholder, says 'highly dilutive' equity raise behind decision to ditch stake.
  • Farstad hires advisors amid tough market
    Despite $195m liquidity reserve, three banks appointed to help figure out how to strengthen finances.
  • Clarksons shares shoot up after selldown
    Shipbroker's stock enjoys best three-day climb in more than a decade after ex-Platou shareholders offloaded stock.
  • MMA lines up $38m of ship sales
    Australian offshore owner looking to move out vessels in depressed markets.
  • Siem in "better than lay-up" W2W contract
    Oslo-listed owner strikes second deal today and sends two vessels to provide walk-to-work services.
  • Viking: no more layups for now
    Swedish owner prepared to keep ships idle until market shows significant improvement.
  • Davie: shipbuilding plan an "embarrassment"
    Canadian yard's boss says $28bn national ship order drive is 'exorbitantly' priced.
  • Charterers take upper hand to quell VLCC fire
    Rates on the slide as oil companies take their turn in the driver's seat.
  • Global Offshore wins PSV contract in Bulgaria
    Indian owner sending Olympus from North Sea to Black Sea for well work.
  • SALT well preserved after $63m fundraiser
    Follow-on offering extends runway and could be the last call on investors in downturn.
  • Wartsila teams up with CSSC research unit
    Finnish ship systems group signs collaboration agreement with Shanghai Merchant Ship Design.
  • Western India to finally pay workers
    Indian shiprepairer will get back to work after settling wages dispute.
  • Hyundai Merchant share-split approved
    Korean owner's shareholders give green light to capital reduction to maintain stock listing.
  • CMA CGM launches dedicated Med run
    French line using four boxships for its first exclusive southern European service.
  • Shell and Saudi Aramco split a tanker spur
    Plan to break up 20-year relationship will put the biggest US refinery in Saudi hands.
  • Genting posts $2.1bn profit for 2015
    Malaysian cruiseship group boosted by re-classification of NCL stake.
  • Siem sending AHTS from Europe to Australia
    Siem Topaz wins 18-month deal with Woodside from May.
  • Navig8 in LR1 deal with CMB Financial Leasing
    Oslo-listed product tanker owner seals financing with China Merchant Bank's leasing arm.
  • Shell and Saudi Aramco plan to split Motiva assets
    Plan to break up 20-year relationship will put the biggest US refinery in Saudi hands.

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American Shipperweb site
MARCH 18, 2016
  • Container rates continue to decline on major trades
  • Lufthansa Cargo's EBIT plunges 97.6% in 2015
  • DB Schenker, GLS to handle parcel shipments in Germany
  • Charleston container cargo rises 3.3% in February
  • HMM: New deal with creditors includes three-month debt extension
  • California port drayage provider blames worker misclassification suits for Chapter 11 filing
  • NAM panel: Political rhetoric unfairly pins job losses on trade
  • Acquisitions fuel 31% profit growth at DP World
  • Intermodal rates continue falling in February
  • Truckload rate growth could go negative in 2016
  • APMT prepares for Lázaro C'rdenas expansion
  • IRISL returns to Northern Europe as sanctions are lifted

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The Bunker Bulletinweb site
MARCH 18, 2016
  • US Gulf Coast HSFO-Brent crack spread weakest since 2014
    Fuel oil cracks have weakened in Europe and Singapore, and have bled into local USGC market fundamentals.
  • Gibraltar invites proposals for new storage, bunkering facility
    Plans come at a time when expansion of Algeciras marine fuel storage is uncertain.
  • Work underway on emulsion fuel unit at Cepsa refinery: Quadrise
    Trials with Maersk Line expected to begin in May.
  • Bunker fuel market faces challenges ahead of tighter global sulfur cap: IBIA
    Level of scrubbing technology uptake can leave refiners uncertain about need for investments to meet distillate demand.
  • Houston IFO 380 bunker fuel price at highest level in eleven weeks
    The price was up $8/mt day on day, and was the highest level for IFO 380 CST in Houston since December 3.

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