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24 September 2021 The on-line newspaper devoted to the world of transports 23:08 GMT+2

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Sched Netweb site
JANUARY 25, 2016
  • A-E off 26pc to US$545/TEU, Asia-Med down 27.6pc to $629/TEU
  • OOCL revenue off 10.1pc in 2015, but volume up 2pc to 1.3 million TEU
  • UASC resumes shipping services to Iran after lifting of Western sanctions
  • MOL Liner adds ports to existing Asia-West Africa WA1 Service
  • Gold Star Line to enhance its Asia-West Africa Service
  • NileDutch launches new service from US east coast to West Africa
  • Use of bigger ships drag down freight rates to West Africa
  • Hit by low oil, Algeria turns to China for transport infrastructure
  • IMF downgrades 2016 global growth forecast 3.6pc to 3.6pc in update
  • Agility-Ti poll shows supply chain execs bullish on emerging markets in 2016
  • Seventh Annual Digital Ship Hamburg to be held on February 25-26
  • World cargo safety group meets in Barcelona from February 29 to March 2
  • Cargolux enjoys higher volumes for 3rd year as demand rises 7.4pc
  • IATA predicts air cargo demand to rise 3pc in 2016 as 5.3 million tons lifted
  • Atlas Air Worldwide Holdings receives average 'hold' rating on its stock

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Exim Indiaweb site
JANUARY 24, 2016
  • ASIC hosts high-level Indo-Nepal trade meet in Kolkata
  • DSV's acquisition of UTi Worldwide Inc. approved & closed
  • Mediterranean to West Europe, epicentre of evolution of Maritime Law
  • MSC places embargo on shipments of shark-related products
  • Iran asks oil cos to stay away from middlemen while buying its crude
  • DP World forms JV to invest in Russian port & logistics infrastructure
  • Krishnapatnam Port proves its resilience yet again
  • Mumbai Port Trust commences construction of passenger jetty at Kanhoji Angre Island
  • New reefer yard inaugurated at JNPCT
  • L&T Construction wins INR 1,213 cr. Western Dedicated Freight Corridor project contract
  • Engineering exports decrease due to slowing global demand
  • Exports of farm commodities may fall by 25 pc this fiscal
  • Forex reserves fall further to $347.20 bn
  • Steep fag-end rally helps INR to minimise loss; ends weak at 67.63
  • Textile exports may cross $40 bn mark, but still below target of $47.5 bn
  • Looking at 2016 through the smoke screen of 2015

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International Transport Journalweb site
JANUARY 25, 2016
  • Innovation abounds
  • Into the Great Wide Open?
  • Evergreen founder dies
  • CP pruning back workforce
  • Intermarine's suprising decision
  • Jan de Rijk scoops up rival
  • Snapping up 50% stake in South Africa's Cat-WWL
  • Boeing building fewer big freighters
  • Electrification progressing in India
  • USA Truck chooses new driver
  • Haropa - a year of growth in 2015
  • From freight to finance
  • Send pallets to Romania the easy way
  • Cargo on upward trajectory at Luxembourg airport
  • Barcelona well above pre-crisis levels
  • New MD of Munich cargo handling company
  • 1,000th HGV takes on LNG
  • Tam starts commercial A350 operation
  • Motorcycle distribution contract extended

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IHS Maritimeweb site
JANUARY 22, 2016
  • Cruise sector heightens defences against cyber threat
    The focus on cruise cyber-security threats has never been greater. As part of a broader maritime initiative, guidelines for best practices were released by industry groups in early January and two IMO committees will address the topic in April-May. "We are in the midst...
  • Chinese vessel deliveries fuel global overcapacity
    Despite a global economic slowdown, 509 vessels of more than 10,000 gt were delivered from January to December 2015 by Chinese yards alone, according to IHS Maritime & Trade. Bulk carriers make up the lion's share with a combined gross tonnage of 13,565,128 across 331 vessels. Container ships came second...
  • China's top ports expand business in 2015 at a slower pace
    Throughput at China's top container ports expanded in 2015 but figures show a trend of slowing growth amid macroeconomic uncertainty and softer global demand for Chinese-made goods. Figures released by the Shanghai Shipping Exchange (SSE) show the country's 20 largest container ports handled just over 181...
  • Guangzhou Hangtong wins tanker pair
    China's Guangzhou Hangtong has secured a newbuilding contract for the construction of a pair of asphalt/bitumen tankers. The 7,800 dwt tankers are to be built for unknown domestic owners under hull numbers HT152203 and HT152205. Both vessels are scheduled for delivery in 2017. This latest order brings the yard orderbook to 34...
  • AET Tankers to see earnings reverse amid oil price fall
    The dramatic decline in oil prices and the resulting growth in seaborne oil movements would reverse two years of losses at MISC's tanker arm AET Tankers, according to a report by CIMB Securities. AET suffered annual losses of USD140 million to USD 150 million from 2012 to...
  • BIMCO warns of another tough year for global economy
    Shipping body BIMCO is warning that the current year could become challenging for the global economy and therefore maritime, although not all the indicators are negative. All eyes remain focused on China, because of uncertainty surrounding the development of the world's second-largest economy, said Peter...
  • Havila cancels bondholder meeting
    Havila Shipping, the listed Norwegian offshore services vessel owner, aims to find an agreement with its bondholders by the end of the month, despite cancelling a meeting with them scheduled for 20 January. The meeting had been planned to approve a restructuring plan...
  • Siem Shipping charters two reefer ships
    Norwegian shipowner and operator Siem Shipping has signed an agreement to charter two reefer ships for at least five years. The company said in an announcement that it has signed the lease with a Japanese shipowner. IHS Maritime's Sea-web data indicate the vessels are owned by Nissen Kaiun and the ships will...
  • Safety bungles behind man overboard from Hyundai Dangjin at Australian port
    Rio Tinto has banned the use of rope ladders for draught surveys at its terminals in Australia after an investigation into a man overboard from Hyundai Dangjin at the Pilbara's Port Walcott in July 2015. The Australian Transport Safety Bureau (ATSB) investigation into the fatality, released this week, also found the...
  • Relief for Aussie ports as strike action ends
    Disruption to Australian ports and shipping activity has come to an end, at least for now, as labour action at container terminals was suspended and a tug dispute that led to rolling stoppages over the last two weeks has been resolved. Svitzer Australia...
  • DAILY: Keppel remains in black despite headwinds
    Singapore-listed offshore services provider Keppel Corporation (Keppel) posted a full-year net profit of SGD1.53 billion (USD1.06 billion) for financial year (FY) 2015 amid depressed oil and gas market. However, the net profit declined 19% from net profit of SGD1.89 billion in FY 2014. Keppel CEO Loh Chin Hua credited the...
  • DP World launches Russia ports investment venture
    DP World Chairman, HE Sultan Ahmed Bin Sulayem and Russian Direct Investment Fund CEO, Kirill Dmitriev signing the term sheet to form 'DP World Russia'. Dubai-based port operator DP World launched a joint venture with the Russian Direct Investment Fund (RDIF) to develop marine, dry ports and logistics infrastructure in different...
  • Hazardous river ties up US Gulf shipping
    Fog, high water and fast currents are creating navigation hazards on the Lower Mississippi, tying up vessel capacity and threatening America's grain and energy exports. River levels are at or near flood levels between Baton Rouge and the Gulf of...

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The Loadstarweb site
JANUARY 22, 2016
  • Amazon eyes more investment in Europe, but is warned against launching its own air cargo arm
  • Shippers and carriers on a collision course over looming Hong Kong competition law
  • Freight rates tumbling in Asia as carriers prepare for the slack Chinese holiday period
  • DSV completes acquisition of UTi - now the work starts
  • Airlines and railways cancel services as winter storm Jonas hits US east coast
  • The biggest challenges for logistics providers in 2016 - in five charts

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Marine Logweb site
JANUARY 22, 2016
  • Tug launched for Suderman & Young at Eastern
  • Cruise giant brings information security into the C-suite
  • Farstad sells another PSV at a loss
  • MHI-MME Hybrid Turbocharger wins award
  • New DNV GL notations on water-lubed tail shaft bearings

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World Wide Shipperweb site
JANUARY 22, 2016
  • Corps starts maintenance dredging of Grays Harbor navigation channel
  • Diana Shipping Oks charter for dry bulk vessel ALIKI
  • Coast Guardsman honored for rescue of four fishermen
  • The Northwest Seaport Alliance releases 2015 container numbers
  • SeaPort Airlines cancels service to Washington state

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Lloyd's Listweb site
JANUARY 22, 2016
  • Golar partners with Schlumberger on FLNG
    Golar looking to expand its FLNG presence as traditional LNG shipping struggles
  • Farstad loses $5.5m on PSV sale
    Disposal of 2001-built Lady Grace is part of fleet development strategy, says company
  • Helmepa leader hailed as a naval hero by Greece and Cyprus
    Well-known maritime personality Dimitris Mitsatsos receives long-overdue medals for 1964 action
  • Capesize ticks up
    Higher spot activity and initial potential congestion due to port suspension at Tubarao in Brazil leads to slight rise
  • Capital constraints spell gloom for shipping borrowers, say top bankers
    Senior trio see trouble in store for 2016
  • CSCL predicts $426m red ink for 2015
    Losses also include Yuan800m asset impairment on vessels and containers
  • China Merchants Energy Shipping expects $180m net profit for 2015
    Su Xingang named new chairman
  • Downwards pressure on container freight rates resumes after brief uptick
    Little on the horizon to signal any end to supply and demand imbalances for several years
  • Iranian oil tanker leaves floating storage for Korean port
    Speculation abounds as to how much Iranian oil is in storage and its nature
  • OOCL's fourth quarter revenues decline 16%
    Volumes up in three of Hong Kong box shipping giant's four main trades, but down sharply on Asia-Europe
  • Safmarine appoints new UK head
    Gary Jeffreys to take lead as Maersk subsidiary moves from Felixstowe to Liverpool
  • Seattle and Tacoma ports throughput reach 3.5m teu for 2015
    Volume growth boosted by international trade
  • Borouge and Maersk Line agree to cut carbon emissions
    Carbon Pact between the two inked as part of Abu Dhabi Sustainability Week
  • Port of Indiana-Mount Vernon sets new shipping record for 2015
    Coal, agricultural products, steel and other bulk commodities all contributed to cargo volume jump
  • VLGC mooring for Virgin Islands power project gets the nod
    Approval is a milestone for long-running effort to convert to gas power from more costly fuel oil
  • Safe Bulkers completes refinancing of three vessels
    Refinancing frees up $19.5m in collateralised value of assets
  • Diana nabs 11-14 month newcastlemax charter
    Contract with RWE Supply & Trading will generate about $2m in gross revenues
  • Kinder Morgan terminals segment lifted by Jones Act tankers business
    Liquids terminals business accounted for 74% of terminals segment's 2015 earnings
  • VLGC rates little changed for Middle East to Asia route
    Rates to continue hovering in $50 per tonne range as west to east arbitrage window still shut
  • APM Terminals finalises Cartagena joint venture
    New terminal expected to handle vessels up to 13,000 teu

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The Journal of Commerceweb site
JANUARY 22, 2016
  • KCS pulls back expectation of Lazaro Cardenas-fueled intermodal surge
  • Oakland port: Exit of terminal operators will allow better asset efficiency
  • Mississippi River reopens after loose barges hit ships
  • Winter storm roils Eastern US supply chains
  • US North Atlantic ports adjust hours in advance of storm
  • Port of Virginia says congestion woes behind it and it's mega-ship ready
  • China port volume set for slowdown after 2015 growth
  • Panama Canal sets sights on transshipment tied to new locks
  • OOCL reports plunging 2015 revenues and container volume
  • No sign of Chinese New Year export drive as rates tumble

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TradeWindsweb site
JANUARY 22, 2016
  • Goldenport halts payments on bank debt
    The bulker and boxship owner cites falling Baltic Index, waits on charter redeliveries.
  • Shipping shares rocket in global bounce
    Golar LNG leads surging names in New York, capping worldwide rally in stock prices.
  • Iran VLCC ends long idle with Ulsan move
    NITC-controlled Serena heads to South Korea, where Iran shipments already permitted.
  • Borealis expands dry fleet with bulker brace
    British owner the latest to spread its dry cargo wings at a time of poor rates and tempting prices.
  • Iran VLCC steams to Ulsan in first export
    Ending long idle time, NITC-controlled Serena heads to South Korea after sanctions easing
  • Schlumberger signs FLNG deal with Golar
    Market welcomes new venture that sees shipowner join up with blue-chip partner.
  • Hornbeck the pick of the offshore bunch
    Clarksons Platou backs cash-rich owner to ride out offshore storm.
  • WW ups corruption fight by joining TI
    Thomas Wilhelmsen explains how compliance effort can aid business and save on cigarettes.
  • CSCL to post $427m loss
    Chinese container line expects to log big 2015 deficit as volumes fall 8%.
  • Farstad axes another
    Norwegian owner sells PSV at a loss as it takes action in offshore slump.
  • Crew hopeful of departure
    Seafarers stuck on cargoship in Spain for a month could leave after dispute settled.
  • Hyundai Heavy closing Onsan offshore facility
    Move from giant shipbuilder comes in response to offshore market downturn.
  • Vinalines IPO approaching
    Vietnamese minister says national owner's listing will take place before end of Q1.
  • Siem Shipping set to delist in Oslo
    Reefer owner says daily volumes not enough to justify stock listing.
  • OOCL pushes up Q4 volumes
    But Hong Kong container line sees revenue fall 15.6% year-on-year.
  • Hope on the horizon for offshore owners
    Clarksons Platou softens bearish view of industry, but says 500 laid-up ships must exit market permanently.
  • Halifax adding 150 workers
    Canadian yard boosting workforce as parent Irving starts state shipbuilding programme.
  • Good news, bad news for BW Offshore
    Oslo-listed FPSO operator loses one contract, but sees another one lengthened for a year.
  • Aurora clinches $200m loan
    Norwegian VLGC owner finances four HHI newbuilds in deal with ABN AMRO and Kexim.
  • Good news, bad news for BW
    Oslo-listed FPSO operator losses one contract, but sees another one lengthened for a year.
  • Arkas Line adds service
    Turkish owner responds to increasing demand with new run into the Black Sea.
  • Seaport Alliance volumes inch up
    North America's third-largest container gateway continues to see growth despite global slowdown.
  • Navy man jailed over fraud
    Petty officer gets 27 months for his part in US Navy supply scandal dubbed 'Fat Leonard' affair.

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American Shipperweb site
JANUARY 22, 2016
  • TraPac may lease portion of Oakland's Outer Harbor Terminals
  • Northwest Seaport Alliance posts 4% bump in container volumes
  • Commentary: Visualizing Big Data
  • Spot container rates decline for third straight week
  • Northern European airports report mixed 2015 cargo results
  • Port of Green Bay sees 14% drop in cargo throughput
  • Cargill to shutter London ocean shipping office
  • Executive Moves: Aljex Software, IICL, SOGET and Hansa Heavy Lift
  • APMT, Compas S.A. finalize joint venture in Colombia
  • Tulsa Port of Catoosa cargo volumes drop in 2015
  • Container cargo grows 10% at Port of Charleston
  • DSV completes $1.35b UTi acquisition
  • OOCL revenues drop despite increased volumes in Q4 2015
  • J.B. Hunt beats Q4 2015 earnings expectations
  • DP World joint venture to invest up to $2b in Russia
  • CP to cut 1,000 jobs, change strategy in NS bid
  • Heavily automated Long Beach Container Terminal to open in Q2 2016

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The Bunker Bulletinweb site
JANUARY 22, 2016
  • Bunkers sales flat at Rotterdam
    But sales of distillates on the rise.
  • China's Yangtze River Delta ECA to take effect from April
    Emission Control Areas for Shanghai, Ningbo, Zhoushan, Suzhou and Nantong ports.
  • Dutch GoodFuels Marine gets green light to sell RSB-certified marine fuel
    Accreditation to promote 'drop-in' biofuels.
  • US Northeast ports brace for major winter storm
    Bunker fuel suppliers notified weather conditions to clients.
  • Tight Asian bunker fuel supply sees shift to South Korea
    Russia loses competitiveness on low prices.
  • EIA says large USGC draw enough to push US fuel oil stocks lower
    USGC stocks fell 1.197 million barrels to 25.001 million barrels

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