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23 September 2021 The on-line newspaper devoted to the world of transports 22:52 GMT+2

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Sched Netweb site
MARCH 22, 2016
  • Creditors grant Hyundai Merchant Marine three-month debt extension
  • If Hyundai forced to restructure debt, Danaos will likely do the same
  • Sri Lanka relents, China gets okay to resume Colombo Port City work
  • India eases up on domestic coastal shipping for foreign-flagged ships
  • Maersk plays with drones for making deliveries to vessels, inspections
  • MSC boosts Europe-India trade with introduction of bigger box ships
  • 12 months of dredging begins in Hung Hom Fairway in Hong Kong
  • IATA expects lithium battery bellyhold ban to be lifted in two years
  • Trans-Pacific Partnership seen as boon to worldwide online shopping
  • Aircargo Club Deutschland plans innovation drive by creating forum

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Exim Indiaweb site
MARCH 21, 2016
  • CKYHE Alliance to reorganise Europe service network
  • CMA CGM strengthens West African coast-Europe offer with improved EURAF 5 service frequency & coverage extended to Northern Europe
  • Elektrans Group appoints Chetan Anand as Corporate Advisor to the Board
  • Idle containership capacity at all-time high
  • MOL Group company earns world's 1st SIGTTO certification for seafarer training on Very Large Ethane Carriers
  • SCFI spot rates down again
  • Softlink is ready with upgrades for the Customs Single Window Concept
  • Highest quantity of crude oil in last three years loaded at JN Port's liquid cargo terminal
  • DICT seen by trade as a business-friendly cargo terminal
  • ICD in CONCOR's Multi Modal Logistics Park at Kathuwas inaugurated
  • Govt expediting environment clearance for projects: Javadekar
  • Sugar exports seen surging in current fiscal
  • Deepak Premnarayen to be IMC's President, Dr Lalit Kanodia Vice-President for 2016-17

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International Transport Journalweb site
MARCH 22, 2016
  • «Smaller deals are important too»
  • Faster cargo trains in Las Vegas area
  • Kalil to supervise in Guadeloupe port
  • SIL shows confidence in Felixstowe
  • Harsh environment pushes SBB Cargo back into red
  • Boeing restructures European leadership
  • RWTH and Transporeon set up joint research project
  • Indonesia learning from Antwerp
  • Parcel alliance takes off in Germany
  • Trio of new executives for LH Cargo
  • Logistics company establishes Spanish subsidiary
  • Schedule reliability worsens in February
  • 1,000 vehicles set manufacturing record
  • Krummen Kerzers unfazed by difficult conditions
  • Unveiled - Magritte's magnificent flying machine

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IHS Maritimeweb site
MARCH 21, 2016
  • Is the dirtry tanker party over?
    One problem that shipping faces is that forecasts and opinions can be taken out of context by players seeking to portray a particular story. For publicly listed tanker owners, this is resulting in some...
  • Asian maritime community calls for single regional emergency hotline
    The maritime community has called for a single emergency hotline to improve distress communications among the port reporting centres scattered across Southeast Asia. "Sometime when the ship is in distress, there are lots of numbers in the bridge for the master or...
  • Sovcomflot yearly profit leaps on firm markets and lower expenses
    Sovcomflot, the Russian tanker shipping company, has reported a strong rise in net profit for 2015 on the back of firm freight markets and wide ranging reductions in costs. Group net profit rose to USD345 million in 2015 from USD83.9 million in the...
  • New heavy-load ship set for Russian Arctic
    Signifying an important new stage in the development of heavy-load marine transportation, the first of an generation of Arctic-going, modularised cargo carriers is set to enter service with the Dutch company BigRoll Shipping. Capable of loading modules, plant and equipment weighing 10,000 mt over the stern,...
  • VLCC market continues good performance in seasonally weak period
    Spot freight rates in the very large crude carrier market fell last week, but they remain on a high level given that March and April are usually a weak season in the...
  • Expert warns liquefaction rules still not implemented
    A leading expert on liquefaction has told shipowners and marine insurers that incidents involving the liquefaction of nickel and iron ore cargoes should be a thing of the past. Daniel Sheard partner and consulting scientist with marine scientific and technical consultants and surveyors, Brookes Bell...
  • Ship safety hit by economic downturn, says report
    As shipping losses continued their long-term downward trend, one marine insurer has warned the tough economic conditions are having a negative impact on ship safety. There were 85 total losses reported worldwide in 2015, according to Allianz Global Corporate...
  • Dry bulk scrapping gains pace in early 2016
    With no signs of an imminent improvement in the Baltic Dry Index, the first two months of the year has already seen 107 bulkers being scrapped, up from the 81 bulkers scrapped in the same period in 2015. From January to...
  • Hanjin Shipping vows all-out effort to normalise operations
    Hanjin Shipping's management has pledged to shareholders that it will do its utmost to reform and change the company's operations as it works towards paying off debt and normalise operations. To do this, Hanjin Shipping plans to continue with intensive cost-cutting measures, while executing rationalisation of its...
  • Oil logistics unit drags down revenue at Bolloré
    Paris-listed Bolloré Group, which holds 21 port concessions worldwide and operates 14 container terminals in Africa, announced a 2% drop in revenue for 2015 to USD12.2 billion. The decline was due to a 20% drop in turnover at the company's oil logistics segment to USD2.5 billion. The transportation...
  • Majority of Hyundai Merchant Marine shareholders approve stock consolidation
    An overwhelming majority of Hyundai Merchant Marine's shareholders has approved the company's plans to consolidate its stocks to reduce its capital in a 7:1 ratio, helping the massively indebted company to move on with its self-help...
  • Chinese yards new orders down 75.1% in January-February
    Chinese shipyards have received 0.95 million dwt in new orders during the first two months of 2016, plunging 75.1% year-on-year (y/y), showed data released by China Association of the National Shipbuilding Industry (CANSI). The output of newbuildings at Chinese yards stood at 4.2 million...
  • Chevron announces maiden shipment from USD54 billion Gorgon LNG project
    Chevron Australia announced on 21 March its first LNG shipment out of the USD54 billion Gorgon project - one week behind schedule. Carrying the 101,427 gt shipment from its 4.2 km jetty and offloading facility at the Barrow Island refinery...
  • Qingdao port profit up 20% y/y in 2015
    Hong Kong-listed Qingdao Port International posted a profit of CNY1.9 billion (USD294 million) for 2015, an increase of 20% year on year. The company recorded a revenue of CNY7.4 billion, up 6.7% y/y, and its earnings per share...
  • Don't wait for clarity on box weight rule before preparing, warns Inttra
    Compliance with the new container weight verification rule that will be imposed on July 1 is beginning to crystallise around two key points for shippers: What is the carrier cut-off time for submission of the verified gross mass...

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The Loadstarweb site
MARCH 21, 2016
  • Hyundai wins public backing from Korea's shipping minister as shipowners warn investors of risks
  • Looming pilot shortage stalks air cargo operators as more narrowbodies are converted into freighters
  • Lufthansa Cargo launches products to boost general freight as earnings suffer 40% slump
  • Possible but implausible - India's relaxation of cabotage restrictions is unlikely to win it transhipment traffic
  • Global logistics companies, private equity firms vie over Korean logistics firm Logen
  • The Cuba thaw will be big for America's frozen chickens

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Marine Logweb site
MARCH 21, 2016
  • Carnival gets nod to start cruises to Cuba on May 1
  • BOEM takes first step toward California offshore wind lease
  • Chevron ships first LNG cargo from Gorgon Project
  • Britain's new research ship to be RRS Boaty McBoatface?
  • BOEM identifies Wind Energy Area offshore New York
  • Maersk Line opts for Nacos Platinum integrated systems
  • DNV GL launches LNG intelligence portal
  • Cummins largest diesel yet makes Asian debut

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World Wide Shipperweb site
MARCH 21, 2016
  • Coast Guard monitoring vessel grounded in Columbia River
  • Pollution teams respond to fire at Port Orchard Yacht Club
  • Port of Coos Bay schedules public sale for Wednesday
  • The Northwest Seaport Alliance delivers box volume increase
  • Georga Ports Authority sees gains in container numbers for February

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Lloyd's Listweb site
MARCH 21, 2016
  • Sovcomflot quadruples profit for 2015
    Long-term contracts shelter offshore and LNG operations, while tankers benefit from spot exposure
  • Data Hub: Trade Routes
    Trade between Europe and North America grew in 2015, but the rate of growth is slowing and lines could soon face troubled waters
  • Data Hub: Trade Statistics
    European exports of beverages to North America the brightest spot as stronger dollar cheers demand
  • Passing of Tom Leander
    Lloyd's List Asia editor-in-chief dies, aged 61
  • Weighing the choices
    As the interface between carriers and their shipper customers, container terminals will have to make choices ahead of the implementation of container weighing rules
  • Our Lloyd's List Awards: Why pedigree and impartiality are a necessity
    We seek diversity, excellence and knowledge, and we seek authoritative credibility and standing in the industry
  • Buy high, sell low
    Monarch aborts its largest wager in a public shipping company at a loss of $156m
  • Limassol port faces disruption from pilots' strike
    Action taken to protest against terms of privatisation for Cypriot hub
  • Hanjin Shipping to introduce express China-US west coast service
    South Korean carrier to start new service from May 24
  • COSL resumes rig operation with Statoil
    COSL Promoter resumed operations in the Troll field in the North sea after negotiations with Statoil
  • Farstad appoints bank advisers to strengthen finances
    Liquidity reserves at $195.2m as of start of 2016
  • Analyst sees intra-Asia as bright spot in container trade
    OOIL best bet to benefit from robust intra-Asia trade, Jefferies says
  • Chevron ships first LNG cargo from Gorgon Project
    Cargo will be transported to Chubu Electric Power on board the Asia Excellence LNG carrier
  • India ports and shipping sector could create 10m jobs over next five years
    Authorities intend to attract more private and foreign investment to ports and shipping sector
  • Better off where?
    The integration of Europe as a federal superstate might be described as a grand plan, but it is one that cuts across all our human inclinations
  • MLP review raises concern over long-term prospects
    Quarterly review of master limited partnerships shows a lot has changed due to low oil prices and sluggish growth prospects in the broader midstream sector
  • Diana Shipping ranks at top of US-listed dry bulk firms
    Greek owner's conservative strategy pays off as rates fall to record lows

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The Journal of Commerceweb site
MARCH 21, 2016
  • In this year's trans-Pacific talks, everything is up for negotiation
  • Carriers won't hold US exporters responsible for container weight
  • Total Quality Logistics Expands in South Carolina
  • Savannah port's TEU volume rose 8.1 percent in February
  • Revenue shrinks at top truckload carriers
  • Great Lakes interests criticize increase in pilotage fees
  • UPS expands US next-day, early delivery package service
  • Mega-ship orders were a mistake, shipowner says
  • India seeks developers for Kandla container terminal
  • Greece pushes back bid deadline for state railway
  • Netherlands ports to appeal EU tax ruling
  • European shippers urge EU to 'abolish' GRIs
  • German KG companies fined in 'magic pipe' case
  • DP World to buy major stake in Novorossiysk, Russia terminal
  • Bollore revenue slips on weak oil prices
  • Focus of container weight rule swings to the terminal gate

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TradeWindsweb site
MARCH 21, 2016
  • GasLog sees strong fundamentals ahead
    Finance chief says spot market should recover soon and term-charter rates still holding.
  • Buy shares not ships, Wilbur Ross counsels
    Billionaire investor asks fellow owners to lay off on speculative newbuilding orders in crude sector.
  • US admiral: talent key to cyber defence
    Coast Guard commandant expresses concerns over digital dangers in the Arctic.
  • First VLGC loads at US East Coast LPG dock
    Exports from the Marcus Hook complex set to grow as more capacity added.
  • Sovcomflot positive on tankers, upbeat on Gorgon
    Nikolay Kolesnikov says tanker market upturn has time to run, while new Chevron shipment should help improve sentiment in LNG.
  • MPC Capital selling new shares
    Hamburg asset manager boosts capital with new $2.5m private placement.
  • Paragon swaps 18.8% of notes for shares
    Only a fifth of troubled company's bondholders exchange debt for stock in sweetened offering.
  • GS and Red Box win Yamal contract
    Sino-European alliance signs deal that will see a modern vessel carrying modules to Russia's LNG project.
  • Crew errors sped spread of ship fire
    Australian report finds livestock carrier blaze exacerbated by open cabin and stairwell doors.
  • Woolim orders chemical tanker trio
    Korean owner heads to compatriot Yeunsoo Heavy Industry for 6,600-dwt ships.
  • Iraq ships out first ever gas cargo
    Shell and Mitsubishi JV export condensates on Panama-flagged ship.
  • Grimaldi Group linked to Genting fast ferry
    Italian shipowner believed to have paid more than $72m for Asian shipowner's Bimini Superfast.
  • Sovcomflot stacks up profit in 2015
    Russian owner sees strong tanker market and growing gas fleet power bottom line.
  • Evergreen heir gives up succession fight
    Balance of power rests with half-siblings as late founder's son Chang Kuo-wei replaced as director.
  • Gibraltar planning new bunker hub
    Government seeks bidders to build 225,000-cbm fuel and storage plant.
  • Wartsila to equip 27 Maersk boxships
    Danish giant signs deal with Finnish group for integrated control systems on newbuildings.
  • HMM files for creditor co-management
    Loss-making Korean owner reportedly reaches agreement on loan restructuring.
  • Gotland boosted by tankers in 2015
    Swedish owner also attributes higher annual profit to ship sales.
  • Hyundai Merchant 'signs debt deal'
    Korean owner reportedly reaches agreement on loan restructuring with creditors.
  • Songa makes $65.8m claim against DSME
    Norwegian company adds another filing in the long-standing legal row with South Korean yard.
  • KDB to give $1.2bn for big boxships
    Korean bank signs MoU with four other financial institutions in order to help local liner companies.
  • Iran P&I cover deal agreed
    Reinsurance deal to support resumption of Iran trading agreed by the P&I clubs.
  • Allianz warns on ship maintenance
    Economic pressures should not result in a 'put it off until later' mentality.
  • SCI stays cautious on new ship orders
    Indian state owner has lined up only $105m of investment in next financial year.
  • Hanjin Shipping goes express to China
    Korean owner using five 4,000-teu ships between the US and Shanghai.
  • Dutch ports to appeal against EU tax decision
    Group says payment of corporation tax will come at the expense of investments in facilities.
  • Tanker demo may not kick-off until 2020
    After several years of robust investment in new tonnage fleet has a decidedly youthful look.
  • First Chevron Gorgon LNG cargo departs for Japan
    US oil major says milestone underscores its commitment to growing its LNG business in Asia.
  • PSA International profit slips almost 10%
    Lower volumes and higher depreciation costs take their toll at Singapore port operator.

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American Shipperweb site
MARCH 21, 2016
  • NEWS FLASH: Ocean carrier group outlines VGM best practices

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