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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
March 5, 1998
Shipping Timesweb site
  • Inchcape to sell Asian shipping business too
    Likely to take 6 months before S'pore operations will be affected
  • Manila port operator to handle conventional cargo
  • Asian woes may lead to shakeout in Greek-based dry bulk sector
  • Port shots

  • Weak rupiah forces some Indon airlines to cut flights
    Routes have also been dropped to cut down on operation costs
  • JAL to slash 200 airport jobs in US
  • Simulation of Taiwan's worst air crash shown
  • Thailand's car output in Jan down 79%
  • Delta in code-share deal with Aeropostal
  • Virgin orders trains from Bombardier

  • Fleet operators under pressure
    They may be profitable but they face shorter-term contracts from oil companies and harsher financing conditions

  • Chairman shares secret of company's success


Sched Netweb site
  • New service promises `best' coverage of China ports
  • Three carriers seek vessel-share agreement
  • XTRA WIN adds functionality
  • ICTSI boosts overseas profits but sees net earnings
  • Contship Containerlines reshapes senior management
  • Lufthansa Cargo commences new services
  • US, Canada complete air deregulation
  • UPS B767-300 freighter arrives on European stage
  • LA mayor stresses Korean export links

Cargowebweb site
MARCH 4, 1998
  • Holyman out of European channel ferries
  • KLM market leader in worldwide handling
  • Service on Mediterranean expanded
  • Smit to sell Seacor stake
  • Final figures port of Rotterdam 1997
  • Throughput statistics Port of Rotterdam
  • Throughput statistics Port of Rotterdam (2)

World Wide Shipperweb site
  • Malin leaves Port of Olympia after 25 year engineering stint
  • Shipping line exec slams 'ostrich' industry
  • Senate committee adds funds to ISTEA
  • AAR prexy tells U.S. Senate railroad accidents down 70%
  • U.S. Transportation proposes a record $43.3 billion budget
  • GATX subsidiary buys Jones Act eligible barge

Cyber Shipping Guide - Ocean Commerceweb site
  • Cargo boom continues on Europe trade
  • Inchcape to withdraw from shipping
  • Cross-strait route widened
  • DCL opens 'Japan Desk' in Sydney
  • Malaysia opens domestic route

Lloyd's Listweb site
  • Rate-cutting threatens Taca strategy
    FREIGHT rates in the Trans-Atlantic Conference Agreement for shipping wines and spirits from Europe to the US have been slashed after at least one carrier broke ranks and offered concessions to the group's biggest customer.
  • Bullish ABP announces share buy-back scheme
    ASSOCIATED British Ports yesterday announced a £100m ($164m) share buy-back scheme for 1998 as part of an upbeat full-year financial report.
  • Amer Reefer clinches $100m in bond issue
    RAVI Mehrotra's Amer Reefer has successfully raised $100m through the issue of high yield bonds.
  • Asia crisis may help Malaysia International
    ASIA'S currency problems could help Malaysia International Shipping Corporation to report a record set of profits for last year.
  • Spell out port plans, EU told
    EUROPE'S private seaport operators have told European transport commissioner Neil Kinnock that commission plans to develop a framework on infrastructure charging need more detail.
  • Bayonne set to launch ro-ro freight service to Southampton
    THE port of Bayonne is studying the creation of a new ro-ro freight service to Southampton with Le Havre-based Compagnie Viking, writes Andrew Spurrier, Paris Correspondent.
  • Ugland wins NKr1bn charters
    UGLAND Nordic Shipping has secured two North Sea shuttle tanker contracts with total value of more than NKr1bn ($132m).
  • UAE oil storage ban
    FLOATING oil storage facilities have been banned by the United Arab Emirates from the country's ports and territorial waters.

Fairplayweb site
MARCH 4, 1998
  • Judge rules in Lloyd's favour
    A JUDGE today ruled in favour of Lloyd's in its assessment of the amount of premium owed by 'non-accepting' Names under the Equitas Reinsurance Contract.
  • Canadian damage claim law expected soon
    LEGISLATION to increase the level of damage claims that can be made against shipowners responsible for accidents in Canadian waters is expected to become law soon.
  • Receiver appointed at Metro Trading
    MOORE Stephens, the London-based accountancy firm, has been appointed receiver for the oil cargoes of Fujairah-based Metro Trading International.
  • PDV Marina seafarers file formal strike action
    SEAFARERS employed by PDV Marina have filed a formal strike petition with Venezuela's Ministry of Labour in a bid to gain a 160 per cent pay rise.
  • Hoverspeed Holyman sets up Dover-Ostend service
    FOLLOWING its acquisition of a 50 per cent stake in Holyman Sally, Hoverspeed is to operate a Dover-Ostend fast ferry service from March 6 with Holyman.
  • Former port chairman charged with theft
    FORMER Pacific Ports Co chairman John Chan has been charged with three counts of theft following investigations into allegations of a HK$81m ($10.45m) fraud.
  • ABP lifts profit by ten per cent
    UK port operator Associated British Ports (ABP) has announced a ten per cent growth in pre-tax profits for 1997 to £105.3m ($173m) from £95.8m in 1996.
  • Mahathir at centre of PSNL sale rumours
    RUMOURS are mounting in southeast Asia regarding the sale of one of the region's largest fleets by Malaysian shipping tycoon Mirzan Mahathir.
  • Warnings issued after mines found
    NAVIGATIONAL warnings have been issued to traffic using Singapore waters after three World War II mines were discovered yesterday by the Singapore Navy.
  • Korean cargo movements fall in January
    CARGO movements at South Korean ports have been decreasing this year in the wake of the country's financial problems.
  • Silja quits Channel passenger operations
    FINNISH ferry company Silja has decided to pull out of its loss-making passenger operations in the English Channel.
  • RCCL prices offering at $56.50 per share
    ROYAL Caribbean Cruises has priced the offering of its common stock at $56.5 per share, with 6m shares being offered.
  • Cosco bond issue oversubscribed
    COSCO (Hong Kong) Group says its five-year guaranteed exchangeable bonds were more than ten times oversubscribed.
  • Sumitomo profits tipped to rise 19 per cent
    JAPANESE shipbuilder and machinery maker Sumitomo Heavy Industries is tipped to report an operating profit of about Yen15bn ($118m) in the year ending March 31.
  • McNeece unveils revolutionary cruiseship
    A REVOLUTIONARY cruiseship has been unveiled by vessel designer John McNeece at the Seatrade Cruise Shipping Convention in Miami Beach.
  • Export credit to South Korea 'almost exhausted'
    AUSTRALIA'S state-owned Export Finance and Insurance Corp has almost exhausted its limit in its attempts to underwrite national exports to South Korea.

Antwerpse Lloyd n.v.web site
  • Feport veillera à ce que les exportations européennes ne soient pas compromises
    Dans quelle mesure les critères avancés dans le livre vert de la CE sur les ports de mer et les infrastructures maritimes, qui impliquent notamment la prise en charge par les utilisateurs des coûts réels des services et installations, ne vont-ils pas finalement grever par répercussion les prix des exportations européennes au point de les mettre en péril sur les marchés d'outre-mer? "C'est effectivement un de nos principaux sujets d'inquiétude et il occupera une place prépondérante dans le cadre des prochaines discussions", nous a répliqué le président de l'organisation Feport, alors qu'elle présentait son point de vue sur ledit document au cours d'une conférence de presse.
  • Swisscargo entame ses vols fret depuis Bruxelles
    Un DC-10 fret de Swisscargo est parti hier soir de Zaventem en direction de New York JFK. Il s'agissait du premier service de fret que la division de fret aérien du groupe SAir assure depuis Bruxelles. D'ici peu, Chicago, Entebbe et Bombay seront également desservis par un vol fret direct.
  • 50-50 chance of new US Liner Shipping Act this year
    As new liner shipping alliances and mergers create efficiencies and economies of scale, close government scrutiny will be necessary to ensure that the shipping public is not left with too few service options and a trading environment that improperly or unfairly perpetuates increased costs. That was the view of Harold J Creel, jr., chairman of the Federal Maritime Commission (FMC), in discussing current progress in the US Congress to reform the Shipping Act of 1984.
  • Unitra (Hamme) signe un contrat d'"insourcing" avec Conterm
    La société Unitra, de Hamme, va organiser les transports routiers de containers pour le compte de l'entreprise anversoise de groupage Conterm. Un contrat d'"insourcing" a été signé à cet effet. Pour remplir cette tâche, le dispatcheur d'Unitra dispose désormais d'un bureau dans le bâtiment même de Conterm à proximité de la darse Delwaide. Pour l'organisation matérielle des transports, Unitra dispose d'un terrain proche, d'une superficie de 1.000 m2, où sont basés les véhicules.

The Journal of Commerceweb site
  • Rails face anti-drug restrictions
  • Banks seeks assurances from TMM
  • Customs unveils drawback rules to ease refunds
  • Supreme Court justices question whether harbor tax constitutional

  • Exporters wait on sidelines
  • UPS to deliver electronic mail
  • German companies seek Mexican airport role
  • Baltic region a final frontier for shippers
  • Bounty-ful isle may soon open to tourism
  • Oil tanker held in Kuwait for breaching UN embargo
  • Sanko gets court's approval to complete restructuring
  • Titanic auction resurrects memories
  • Authority: Alameda Corridor to open on time, within budget
  • Ruling against the UTU fails to clear up worker differences
  • GE, EVA in maintenance, repair deal
  • Hamburg-Sud posts profit after revamp
  • 5 ship lines form agency to handle merged North American sales forces
  • Titanic's legacy for maritime safety far exceeds any moviemaker's dreams


Daily Commercial Newsweb site
  • ATN set to buy Emu Bay from Pasminco
    Metals and minerals producer Pasminco appears set to offload its Tasmanian rail freight business the Emu Bay Railway Co Ltd, to Australian Transport Network.
    Speculation surfaced last week that ATN were seeking to buy EBR's operations following revelations that a consultant's review into EBR's workshops in Burnie had been completed. Neither Pasminco nor ATN would comment on whether a deal was being negotiated.
  • Holyman plugs Channel drain
    Sydney-based international ferry operator and transport group Holyman will end its loss-making Holyman Sally English Channel service, and enter a new joint venture with Sea Containers subsidiary Hoverspeed.
    Restructuring of the Dover-Ostend operation was foreshadowed on 20 November and originally expected to have been realised by 31 December.
    Holyman's chairman Richard Austen said following the restructuring of the Ostend service, the company's management team would focus on the "considerable opportunities" for Holyman's profitable specialised shipping and transport services and bulk commodity handling businesses.
  • British adviser for Vic rail sale
    The Victorian government has appointed a former adviser to the British Rail privatisation process to its own Transport Reform Unit in an effort to draw on the experience of the UK.
    It was confirmed yesterday that Roger Salmon, the former head of the UK office of Passenger Rail Franchising has joined the government's privatisation team.
    It is believed that further sales and financial advisers will be appointed in the lead up to the state's tram and train sell-off process.
  • Sydney's box trade booming
    Total container trade through Sydney ports grew by more than 10 per cent in the first six months of the 1997-98 financial year, according to figures released yesterday by Sydney Ports Corporation CEO Greg Martin.
    Mr Martin described the performance as "outstanding", but said the corporation will be looking cautiously at prospects for the next six months to see what impact the Asian economic situation will have on the port's 12 month results.
  • TFES draft report may be released this week
    A draft report of the Nixon review of the Tasmanian Freight Equalisation Scheme could be released for industry comment before next week, according the CEO of the Tasmanian Chamber of Commerce, Tim Abey.
    He said yesterday that the chamber had organised a meeting of the Tasmanian Shippers Forum to discuss the draft recommendations in the review, which was led by former Transport Minister Peter Nixon.

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
PORTS
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
ENVIRONMENT
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
COMPANIES
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
PORTS
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
INDUSTRY
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
PORTS
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
COMPETITION
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
ENVIRONMENT
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
LOGISTICS
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
SHIPPING
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
PORTS
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
SHIPPING
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
SHIPPING
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
PORTS
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
PORTS
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
SHIPYARDS
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
EDUCATION
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
MEETINGS
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
MOURNING
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
SHIPPING
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
PORTS
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
LOGISTICS
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
PORTS
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
SHIPYARDS
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
SHIPPING
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
PORTS
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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