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BRIEFS
November 6, 1998
Shipping Timesweb site
Shipping News
  • APL confirms possible sale of stacktrain unit
    Stacktrain Services one of the possible assets to be sold
  • Keppel Marine Industries next in line to be merged
  • China obliged to crack down on piracy
  • Korean ship orders up 87% in Oct due to stronger yen
Air and Land Transport
  • PAL, Cathay Pacific have yet to sign contract: Estrada
    Still many difficult issues, including management control, to be thrashed out: Cathay chief
  • Ansett to sell catering, retail cargo businesses
  • Northwest-KLM alliance at risk if Schiphol limits flights
  • ANA to raise number of jobs cut
  • Boeing's top public-relations executive to retire
Features
  • Champion of order and safety
    It's important in its striving for uniform legislation and observance of shipping rules, says new VP Pieter Struijs

Shipping Timesweb site
Shipping News
  • APL confirms possible sale of stacktrain unit
    Stacktrain Services one of the possible assets to be sold
  • Keppel Marine Industries next in line to be merged
  • China obliged to crack down on piracy
  • Korean ship orders up 87% in Oct due to stronger yen
Air and Land Transport
  • PAL, Cathay Pacific have yet to sign contract: Estrada
    Still many difficult issues, including management control, to be thrashed out: Cathay chief
  • Ansett to sell catering, retail cargo businesses
  • Northwest-KLM alliance at risk if Schiphol limits flights
  • ANA to raise number of jobs cut
  • Boeing's top public-relations executive to retire
Features
  • Champion of order and safety
    It's important in its striving for uniform legislation and observance of shipping rules, says new VP Pieter Struijs

Shipping Timesweb site
Shipping News
  • APL confirms possible sale of stacktrain unit
    Stacktrain Services one of the possible assets to be sold
  • Keppel Marine Industries next in line to be merged
  • China obliged to crack down on piracy
  • Korean ship orders up 87% in Oct due to stronger yen
Air and Land Transport
  • PAL, Cathay Pacific have yet to sign contract: Estrada
    Still many difficult issues, including management control, to be thrashed out: Cathay chief
  • Ansett to sell catering, retail cargo businesses
  • Northwest-KLM alliance at risk if Schiphol limits flights
  • ANA to raise number of jobs cut
  • Boeing's top public-relations executive to retire
Features
  • Champion of order and safety
    It's important in its striving for uniform legislation and observance of shipping rules, says new VP Pieter Struijs

Sched Netweb site
  • Rate restoration tops agenda at TSA meeting
  • Pre-purchase space arrangement for Fastship
  • Mongolia plans ocean fleet for raw materials
  • Mid-January delivery for Evergreen newbuilding
  • US/Europe tonnage levels down at Chek Lap Kok
  • Air Canada reports 3rd quarter net lossv
  • SIA plans plane sale

Cargowebweb site
NOVEMBER 5, 1998
  • Perhaps strike at Federal Express
  • Northwest and KLM under the same group name
  • Schiphol slots ceiling temporarily no KLM problem
  • Excellent CTT newsletter online
  • Capacity problems at ECT
  • Disruptive actions union in Calais

The Journal of Commerceweb site
Home
  • Massachusetts sanctions struck down
  • Carriers tap into beer as pricey imports rise
  • Tom Holt: a low-key, high-profile businessman
  • US Census easing stand on exporter of record rule
  • Venezuela elections seen as bellwether for trade
  • FedEx strike nears as talks break off
  • EU executive, U.S. agree on trade action plan
  • Celadon Trucking elected a member of Mexico's Canacar trucking association
  • Worldwide Internet business expected to reach $3.2 trillion in 2003
  • Train derails in West Virginia and leaks hydrochloric acid
  • BankBoston joins launch of Electronic Trade Network
  • China rules out hijacking in case of Petro Ranger tanker seizure
  • French are demanding Britain change the name of its Waterloo railway station
Transportation
  • Philippine Airlines deal with Cathy Pacific still weeks away
  • Beatson says logistics gives Circle an edge
  • Asian Sources, ACS offer coded tracking
  • Saudi study on expanding rail links on track, minister says
Maritime
  • Court upholds Parise conviction on racketeering
  • Forwarders oppose rule change
  • Hamburg port operator gets unconventional
  • Pakistan shippers can prepay freight and save on terminal charges
  • US port roundup

The Journal of Commerceweb site
Home
  • Massachusetts sanctions struck down
  • Carriers tap into beer as pricey imports rise
  • Tom Holt: a low-key, high-profile businessman
  • US Census easing stand on exporter of record rule
  • Venezuela elections seen as bellwether for trade
  • FedEx strike nears as talks break off
  • EU executive, U.S. agree on trade action plan
  • Celadon Trucking elected a member of Mexico's Canacar trucking association
  • Worldwide Internet business expected to reach $3.2 trillion in 2003
  • Train derails in West Virginia and leaks hydrochloric acid
  • BankBoston joins launch of Electronic Trade Network
  • China rules out hijacking in case of Petro Ranger tanker seizure
  • French are demanding Britain change the name of its Waterloo railway station
Transportation
  • Philippine Airlines deal with Cathy Pacific still weeks away
  • Beatson says logistics gives Circle an edge
  • Asian Sources, ACS offer coded tracking
  • Saudi study on expanding rail links on track, minister says
Maritime
  • Court upholds Parise conviction on racketeering
  • Forwarders oppose rule change
  • Hamburg port operator gets unconventional
  • Pakistan shippers can prepay freight and save on terminal charges
  • US port roundup

The Journal of Commerceweb site
Home
  • Massachusetts sanctions struck down
  • Carriers tap into beer as pricey imports rise
  • Tom Holt: a low-key, high-profile businessman
  • US Census easing stand on exporter of record rule
  • Venezuela elections seen as bellwether for trade
  • FedEx strike nears as talks break off
  • EU executive, U.S. agree on trade action plan
  • Celadon Trucking elected a member of Mexico's Canacar trucking association
  • Worldwide Internet business expected to reach $3.2 trillion in 2003
  • Train derails in West Virginia and leaks hydrochloric acid
  • BankBoston joins launch of Electronic Trade Network
  • China rules out hijacking in case of Petro Ranger tanker seizure
  • French are demanding Britain change the name of its Waterloo railway station
Transportation
  • Philippine Airlines deal with Cathy Pacific still weeks away
  • Beatson says logistics gives Circle an edge
  • Asian Sources, ACS offer coded tracking
  • Saudi study on expanding rail links on track, minister says
Maritime
  • Court upholds Parise conviction on racketeering
  • Forwarders oppose rule change
  • Hamburg port operator gets unconventional
  • Pakistan shippers can prepay freight and save on terminal charges
  • US port roundup

Cyber Shipping Guide - Ocean Commerceweb site
  • Japan/Europe Conference to Raise Rates Effective Jan. 1
  • P&O Nedlloyd, Maersk to Be Awarded License in China
  • Hanjin to Open Kaohsiung Box Terminal

urgente online pressweb site
  • Arias-Salgado destituye al director del Aeropuerto de Madrid-Barajas
  • Trasmediterránea construirá una terminal propia en Valencia
  • Firmado el convenio para el Centro de Transportes de Cartagena
  • II Curso superior de logística empresarial, de Aeutransmer
  • Continental patrocina la maratón de Nueva York

Exim Indiaweb site
  • Maersk, Sea-Land ships make maiden call at Mina Raysut
  • EU slaps CVD on stainless steel bright bars
  • Unidel Midas Service now offers direct link to West Africa
  • An educative and most informative workshop
  • Accord Freight Lines celebrates first anniversary
  • IMC nominees to participate in BPC's HRD programme in Japan
  • Indian jewellery glitters at Bahrain fair
  • Longer loan repayment period for cotton yarn EOUs
  • Uttar Pradesh spells out export policy; sets Rs 20,000-cr target
  • Maharashtra sops for agro-based units
  • IMC urges MTNL to act on new directory
  • CBDT chief sure of meeting target
  • TUF parameters in a fortnight

The Bunker Bulletinweb site
  • Bunkerworld.com got physical in London
    Being an Internet publishing house, we certainly have a global reach on a daily basis, but we rarely get to meet anyone face to face. During two hectic days at the 19th International Bunker Conference (IBC) in London, the team behind Bunkerworld.com came off-line to meet the industry.
  • A bunker case scenario from Hell
    We report from day one of the International Bunker Conference, when speakers and plenary discussions highlighted hot topics which continue to plague the industry.
  • Fuelcon versus Sellers' contracts
    During the IBC in London in October, we got a look into the current status of existing contractual terms and conditions which regulate the bunker transaction, "the commercial deal". In today's market, there is no standard international set of terms and conditions with universal acceptance.
  • Texaco + Chevron = FAMM
    Texaco and Chevron finally announced the formation and start-up of their global joint venture in their respective residual fuels and marine lubricants marketing business on November 2nd.
  • Company News and Updates

Lloyd's Listweb site
  • Keppel embarks on big cost cutting exercise
    Diversified marine conglomerate Keppel Corporation is to sell off "non-performing" overseas shipyards and its liner company as part of a major restructuring and cost-cutting programme.
  • Shell promises to do better as profits dive
    ROYAL Dutch/Shell chairman Mark Moody-Stuart yesterday pledged to improve the group's performance after third quarter profits fell by a massive 56% to $841m, compared with the same period last year.
  • Bergesen fears tanker woes will hit full year earnings
    Norway's Bergesen said yesterday that a weaker tanker market in the fourth quarter would lead to a lower full-year operating profit in 1998 than last year.
  • Secondhand sector rallies after yen dip
    Far Eastern secondhand activity has started to recover following the crash in the Japanese economy which rocked the sale and purchase market and threatened negotiations, writes Emily Redding.
  • Russian food aid fails to deliver dry bulk revival
    US food aid for hard-hit Russia may fall short of the predicted boom for under-utilised dry bulk carriers, as a tentative agreement between Washington and Moscow calls for roughly half the commodities expected.
  • Kelud Indonesia-bound
    Meyer Werft's Papenburg yard has delivered its 20th passengership to Indonesia's Directorate General of Sea Communication.
  • Petroships denies smuggling claim
    The Singapore-based shipmanager of the Petro Ranger' has denied Chinese government claims that the vessel was actually involved in smuggling, rather than hijacked by Indonesian pirates.
  • Danish shipowners call for clarity on duty-free
    Danish shipowners are talking to tax authorities to pin them down on guidelines after duty-free disappears.

Fairplayweb site
NOVEMBER 5, 1998
  • Chilean government urged to end port deadlock
    CHILE'S government is being urged to set up a negotiating body to resolve the differences between the various parties involved in the port concession process.
  • Fairplay launches Ships Register on Internet
    FAIRPLAY, the UK-based marine information specialist, has launched its Ships Register on the Internet.
  • Sally terminates Ramsgate-Ostend service
    SALLY UK, part of the Finnish ferry group Neptun Maritime, will close its loss-making service between Ramsgate and Ostend on November 20.
  • Finnlines may move HQ to Germany
    FINNISH liner operator Finnlines might move its head office to Germany as a result of the axing by the Finnish government of two proposals to help shipping companies.
  • Hospital ship in eighth auction
    A PASSENGERSHIP converted by the Greek government into a $2m floating hospital comes under the auctioneer's hammer later this month for the eighth time since 1996.
  • TT Club names directors
    TT Club, the intermodal transport insurer, has appointed Isao Shintani and Knud Pontoppidan as new board directors.
  • Keppel to restructure after loss
    KEPPEL, the giant banking, industrial and shipping group has unveiled a major package of cost cutting measures, after forecasting a loss for this year.
  • HMM starts operations at Kwangyang
    HYUNDAI Merchant Marine has started operations at the new Kwangyang Port in South Korea.
  • PSA Corp signs Inchon deal
    SINGAPORE-based PSA Corp has signed a memorandum of understanding with Samsung Corp to invest in a port development project at Inchon.
  • Malaysia offers new port incentives
    MALAYSIA'S cabinet yesterday agreed to implement a number of proposals to promote the use of its national ports, including setting up a national feeder company.
  • French government steps into Channel chaos
    FERRY services on the Dover-Calais route are set to return to normal today following the French government's decision to enforce an injunction brought by SeaFrance and P&O Stena.
  • Kakinada privatisation strongly opposed
    A DECISION by the Andhra Pradesh government to privatise Kakinada port has met stiff opposition from the port protection committee, unions and opposition political parties.
  • Indian bulk cargo traffic slumps
    MAJOR Indian ports have recorded a steep fall in shipments of iron ore, steel and fertilisers.
  • Foreign exchange lifts Bergesen
    NORWEGIAN operator Bergesen has increased its nine-month pre-tax profit by 83 per cent to Nkr783m, helped by a 60 per cent decline in foreign exchange losses and net interest costs.
  • Australian cattle on the move again
    AUSTRALIA'S beleaguered live cattle export industry has received a shot in the arm with six shipments having left for Indonesia in recent weeks.
  • Sunmar collapse hits Olympia
    US west coast port of Olympia has been stuck with an unwanted $10m container terminal following the collapse of Seattle-based Sunmar Container Lines.
  • Central America counts the cost of Mitch
    PORT services and transport are at a standstill in Nicaragua, Honduras and Guatemala following the onslaught of Hurricane Mitch.
  • Caspian pipeline wins official approval
    CASPIAN Pipeline Consortium has received official assurances from the governments of both Kazakhstan and Russia regarding its 1,500 km oil pipeline.

Antwerpse Lloyd n.v.web site
NOVEMBER 5, 1998
  • Les actions des pilotes pourraient leur coûter 5 mio. de BEF par navire
    Journée décisive ce jeudi en ce qui concerne le dossier des pilotes belges, pour autant que le tribunal se prononce sur l'action en référé menée par l'AGHA, la Gentse Havengemeenschap, qui regroupent les associations profesionnelles de chacun de ces ports, et par une vingtaine d'entreprises privées anversoises et gantoises, contre l'Association des pilotes de rivière et de canaux et ses huit membres du conseil. L'action en question vise à réclamer des intéressés un dédommagement de 5 mio. de BEF par navire, qui serait victime d'une manière ou d'une autre des actions qui seraient menées par les pilotes en vue de défendre leurs exigences dans le cadre du dossier intéressant la structure de leur profession. Prévue pour le Ier novembre lesdites actions ont été reportées, manifestement à cause de cette action en référé qui implique un effet rétroactif.
  • Nouvelles conditions de base pour la prestation de services logistiques
    Ce n'est pas sans fierté que Dirk Lannoo, le président du groupe de travail Logistique de la KVBG, l'association des gestionnaires de flux de marchandises, a annoncé la création de conditions de prestation de services logistiques constituant un cadre-coupole pour toutes les activités exercées par les membres de l'association. Les conditions logistiques n'ont pas pour but d'éliminer les conditions existantes type CMR, UEA ou VBG, ni les multiples conditions individuelles. L'objectif est de créér un document de base qui fasse la clarté dans un nombre de zones d'ombre des activités exercées par nos membres".
  • Un porte-allèges contribuerait au désenclavement fluvial de Zeebrugge
    C'est aux techniciens de l'Union de Remorquage et de Sauvetage que la MBZ, société qui gère le port de Zeebrugge, a confié le soin d'élaborer le dossier technique du projet de porte-allèges submersible, qui doit permettre de contribuer au désenclavement fluvial du port de Zeebrugge. La photo ci-jointe donne une idée précise de ce que serait cet engin d'une capacité de charge de 8.800 t.
  • "Vers une croissance plus forte des ports méditerranéens et des EDC dans l'hinterland"
    La globalisation de l'économie va favoriser la poursuite de la croissance de la containérisation. En Europe, cela va mener à certains déplacements: la part des ports de la Méditerranée va croître et l'hégémonie des ports de Nord de l'Europe va baisser. L'accroissement de la taille des navires va accroître la discontinuité des arrivages, entraînant une hausse de la demande en entreposage. Mais les centres européens de distribution (EDC) risquent de ne plus en trouver tellement dans les ports, mais à l'intérieur des terres.

Daily Commercial Newsweb site
  • VCA tonnages up, revenue down
    The Victorian Channels Authority has completed its second full year of operation and its financial results show an after tax profit for 1997-98 of $5.258 million.
    During the year dividends of $3.13 million were paid to the state government. Total income for the year to 30 June was $20.767 million, a reduction of almost $1 million over 1996-97.
    On 1 July 1997, the VCA reduced its charges from 40 cents a gross ton to 35.5 cents a gross ton, and a further reduction to 30.4 cents a gross ton was introduced on 1 July this year.
    VCA ceo Ian Edwards told DCN: "If we had continued with the 40 cent base rate during the year we would have made $2.5 million more than we did."
    He said the effect of the decreases had been a 24 per cent reduction in tonnage charges since VCA began operating in March 1996.
  • Melbourne tug of war ends in draw
    Less than a week after their introduction, new tug-ordering practices by Melbourne Tug Services have been shelved after criticism from the Port Phillip Sea Pilots and the shipping industry.
    The short-lived changes required ships' agents to advise the number of tugs required for a vessel at least an hour before the vessel's arrival or departure, with the scrapping of ordering 'to pilots' requirements'. Any tugs ordered that left the wharf to attend a vessel, were to incur normal charges whether or not the tug was used.
    After a meeting on Wednesday between representatives of the pilots, tugs and ships agents, a mutual resolution to the issue has resulted in the system being modified.
    The alterations, which will allow more flexibility, will see the re-introduction of 'to pilots requirements' after the re-issuing of a new 'pilot tug requirements sheet' which will be distributed to all ships' agents as soon as possible.
  • Dispute compo claims sought
    THE Official Receiver of New South Wales, George Caddy, has called for those small businesses which suffered damages as a result of the 7 April to 2 September waterfront dispute between the MUA and Patrick Stevedores, to lodge claims for compensation by 31 March 1999.
    Under an agreement reached early last month between Patrick, the Australian Competition and Consumer Commission and the MUA, Patrick agreed to pay up to $7.5 million to cover damages claimed by small businesses in a deal based on all patties withdrawing threats of litigation arising out of the dispute.
  • PWCS dispute not affecting exports
    THE Australian Industrial Relations Commission was yesterday afternoon dealing with a dispute which has arisen at the Port Waratah Coal Services site in Newcastle.
    It is understood that a dispute in terms of section 99 of the Workplace Relations Act had been notified by the company, one of the country's largest coal exporting terminals, following a stopwork meeting which extended beyond the authorised time-frame.
    The Commission hearing was expected to involve two unions at a federal level: the Maritime Union of Australia and the Transport Workers Union, while a separate hearing was being sought at state level for unions whose members are employed under state awards.
  • Govt under fire over roads
    THE federal government, and in particular the new federal Transport Minister John Anderson, have come under fire in Victoria this week for the commonwealth's road funding commitments to the state.
    An editorial in yesterday's Herald Sun attacked Mr Anderson's refusal to provide federal funds to re-build the Melbourne-Geelong freeway, described as "Victoria's deadliest road" with 86 fatalities in the past eight years.
    The editorial said Mr Anderson showed "callous indifference towards the families of the dead" for refusing to explain why the government would not provide the $100 million needed to match a similar contribution by the Victorian government to fix the road.

Marine Linkweb site
NOVEMBER 5, 1998
  • R&B Falcon Records $20.5 Million Loss
    R&B Falcon Corp. late last week reported that weakened demand, combined with a special charge of $85.8 million surrounding the cancellation of the Peregrine VI and Peregrine VIII conversion projects, conspired to create a net loss of $20.5 million for the three months ended Sept. 30, versus a net income of $35 million for the same period a year ago. Operating income has dropped as well, as the company is experiencing higher operating costs associated with the activation of two incremental deepwater units, marine fleet additions and a decline in profitability in its inland water operations. Further bad news for the company and the sector related to the company's fleet utilization rates, which have plummeted from 95% in 3Q 1997 to 64% in 3Q 1998.
  • Keppel To Restructure
    Singapore-based conglomerate Keppel Corp. announced a major restructuring and cost-reduction program which includes the merger of its engineering and off-shore rig-building units. Keppel said it would merge Keppel Integrated Engineering with Keppel Fels, a merger which should be completed by the first half of 1999, said group chairman Sim Kee Boon. The new, leaner Keppel Corp. will concentrate of five core businesses -- marine, offshore energy and engineering, banking and financial services, property investment, development and management and telecommunications and transport. The group would also merge its overseas shipyard operations, including those in the Philippines and the Middle East, to form a bigger ship repair and shipbuilding firm, he added. "Our aim is to be the regional leader in shiprepair and conversions, and a major builder of specialized and medium-sized vessels," he said.
  • Samsung Snags $355M Worth Of Business
    South Korea's Samsung Heavy Industries Co. won seven shipbuilding orders worth $355 million from Germany and the U.S. Samsung said German firm Reederei Claus-Peter Offen ordered six 2,200-TEU containerships worth a combined $210 million.  Reading & Bates Falcon Corp. of the U.S. ordered a 98,000-ton oil drilling ship for $145 million.
  • Channel Deepening Project OKd
    Britain's shipping minister has reportedly approved a project to deepen the approach channel to Britain's largest container port while safeguarding the surrounding wildlife habitat. The project is intended to improve access for deep draught container vessels through the Harwich Haven to the Port of Felixstowe by providing an unrestricted channel depth of 47.5 ft. (14.5 m).
  • Bergesen Profits Surge
    Bergesen d.y. Group ASA reported an 84 percent surge in nine month pre-tax profits, bolstered by a firmer dollar, lower interest costs and earnings from the sale of fixed assets. Despite the good news, the company predicted an overall weaker result for 1998 v. 1997.
  • P&O Nedlloyd To Expand Inward
    P&O Nedlloyd reportedly is in a position to proceed with plans to open an inland distribution operation in China.
  • Grupo Libra Starts Vessel Sharing
    Brazilian shipping line Grupo Libra started this week its vessel sharing agreement between the east coasts of South and North America with new partners Crowley American, Ivaran and APL. The service will use seven vessels of between 2,100 TEU and 2,400 TEU capacity on a fixed-day weekly basis.

International Transport Journalweb site
Feature
  • The air transport industry has been subject to the Montreal Protocol No 4 in 34 countries since June 14, 1998. What needs to be noted?
Maritime
  • TMM expands its service between the USA and the Mediterranean.
  • Crowley, APL and Ivaran cooperate with Libra between the USA and South America.
  • Europe West Indies Lines unifies its tonnage.
  • P&O Nedlloyd upgrades its service to the Indian Ocean.
  • Atlantic Container Line increased its earnings before interest again in the first three quarters of this year.
  • Croatia Line is negotiating for a financial injection from the state.
  • Non-recurring restructuring costs have driven ferry operator Stena Line into red figures.
  • Sea-Land opens a back office in Cork in Ireland.
  • Leif Hoegh takes a stake in shipping company Gorthon Lines.
Ports and Terminals
  • The port of Rotterdam plans large investments for the future.
  • Long Beach is still fighting to develop its ex-naval base.
  • The Tianjin project planned by Sea-Land slowly takes form.
  • Santos Brasil signs an IT contract with the port of Hamburg.
Forwarding
  • People who forget the human element often overlook the most critical factor in mergers and acquisitions.
  • Logistec is growing fast.
  • AEI is positive despite lower than expected third quarter results.
Aviation
  • Martinair increases its cargo flights to Africa in its winter schedule.
  • Britannia offers freight capacity from Germany.
  • KLM flies to Doha again within its winter schedule.
  • AUA will introduce flights to Tashkent/Uzbekistan.
  • MSAS becomes Lufthansa's cargo business partner.
  • BOC Cargo sets up a terminal at Sydney Airport.
  • General Parcel has started operations in Malta.
  • By cooperating with small and medium-sized businesses and a strong market presence in East Europe, M&M air cargo service is ensuring its growth.
  • Emery Worldwide has founded a joint venture in China.

International Transport Journalweb site
Feature
  • The air transport industry has been subject to the Montreal Protocol No 4 in 34 countries since June 14, 1998. What needs to be noted?
Maritime
  • TMM expands its service between the USA and the Mediterranean.
  • Crowley, APL and Ivaran cooperate with Libra between the USA and South America.
  • Europe West Indies Lines unifies its tonnage.
  • P&O Nedlloyd upgrades its service to the Indian Ocean.
  • Atlantic Container Line increased its earnings before interest again in the first three quarters of this year.
  • Croatia Line is negotiating for a financial injection from the state.
  • Non-recurring restructuring costs have driven ferry operator Stena Line into red figures.
  • Sea-Land opens a back office in Cork in Ireland.
  • Leif Hoegh takes a stake in shipping company Gorthon Lines.
Ports and Terminals
  • The port of Rotterdam plans large investments for the future.
  • Long Beach is still fighting to develop its ex-naval base.
  • The Tianjin project planned by Sea-Land slowly takes form.
  • Santos Brasil signs an IT contract with the port of Hamburg.
Forwarding
  • People who forget the human element often overlook the most critical factor in mergers and acquisitions.
  • Logistec is growing fast.
  • AEI is positive despite lower than expected third quarter results.
Aviation
  • Martinair increases its cargo flights to Africa in its winter schedule.
  • Britannia offers freight capacity from Germany.
  • KLM flies to Doha again within its winter schedule.
  • AUA will introduce flights to Tashkent/Uzbekistan.
  • MSAS becomes Lufthansa's cargo business partner.
  • BOC Cargo sets up a terminal at Sydney Airport.
  • General Parcel has started operations in Malta.
  • By cooperating with small and medium-sized businesses and a strong market presence in East Europe, M&M air cargo service is ensuring its growth.
  • Emery Worldwide has founded a joint venture in China.

International Transport Journalweb site
Feature
  • The air transport industry has been subject to the Montreal Protocol No 4 in 34 countries since June 14, 1998. What needs to be noted?
Maritime
  • TMM expands its service between the USA and the Mediterranean.
  • Crowley, APL and Ivaran cooperate with Libra between the USA and South America.
  • Europe West Indies Lines unifies its tonnage.
  • P&O Nedlloyd upgrades its service to the Indian Ocean.
  • Atlantic Container Line increased its earnings before interest again in the first three quarters of this year.
  • Croatia Line is negotiating for a financial injection from the state.
  • Non-recurring restructuring costs have driven ferry operator Stena Line into red figures.
  • Sea-Land opens a back office in Cork in Ireland.
  • Leif Hoegh takes a stake in shipping company Gorthon Lines.
Ports and Terminals
  • The port of Rotterdam plans large investments for the future.
  • Long Beach is still fighting to develop its ex-naval base.
  • The Tianjin project planned by Sea-Land slowly takes form.
  • Santos Brasil signs an IT contract with the port of Hamburg.
Forwarding
  • People who forget the human element often overlook the most critical factor in mergers and acquisitions.
  • Logistec is growing fast.
  • AEI is positive despite lower than expected third quarter results.
Aviation
  • Martinair increases its cargo flights to Africa in its winter schedule.
  • Britannia offers freight capacity from Germany.
  • KLM flies to Doha again within its winter schedule.
  • AUA will introduce flights to Tashkent/Uzbekistan.
  • MSAS becomes Lufthansa's cargo business partner.
  • BOC Cargo sets up a terminal at Sydney Airport.
  • General Parcel has started operations in Malta.
  • By cooperating with small and medium-sized businesses and a strong market presence in East Europe, M&M air cargo service is ensuring its growth.
  • Emery Worldwide has founded a joint venture in China.

International Transport Journalweb site
Feature
  • The air transport industry has been subject to the Montreal Protocol No 4 in 34 countries since June 14, 1998. What needs to be noted?
Maritime
  • TMM expands its service between the USA and the Mediterranean.
  • Crowley, APL and Ivaran cooperate with Libra between the USA and South America.
  • Europe West Indies Lines unifies its tonnage.
  • P&O Nedlloyd upgrades its service to the Indian Ocean.
  • Atlantic Container Line increased its earnings before interest again in the first three quarters of this year.
  • Croatia Line is negotiating for a financial injection from the state.
  • Non-recurring restructuring costs have driven ferry operator Stena Line into red figures.
  • Sea-Land opens a back office in Cork in Ireland.
  • Leif Hoegh takes a stake in shipping company Gorthon Lines.
Ports and Terminals
  • The port of Rotterdam plans large investments for the future.
  • Long Beach is still fighting to develop its ex-naval base.
  • The Tianjin project planned by Sea-Land slowly takes form.
  • Santos Brasil signs an IT contract with the port of Hamburg.
Forwarding
  • People who forget the human element often overlook the most critical factor in mergers and acquisitions.
  • Logistec is growing fast.
  • AEI is positive despite lower than expected third quarter results.
Aviation
  • Martinair increases its cargo flights to Africa in its winter schedule.
  • Britannia offers freight capacity from Germany.
  • KLM flies to Doha again within its winter schedule.
  • AUA will introduce flights to Tashkent/Uzbekistan.
  • MSAS becomes Lufthansa's cargo business partner.
  • BOC Cargo sets up a terminal at Sydney Airport.
  • General Parcel has started operations in Malta.
  • By cooperating with small and medium-sized businesses and a strong market presence in East Europe, M&M air cargo service is ensuring its growth.
  • Emery Worldwide has founded a joint venture in China.

International Transport Journalweb site
Feature
  • The air transport industry has been subject to the Montreal Protocol No 4 in 34 countries since June 14, 1998. What needs to be noted?
Maritime
  • TMM expands its service between the USA and the Mediterranean.
  • Crowley, APL and Ivaran cooperate with Libra between the USA and South America.
  • Europe West Indies Lines unifies its tonnage.
  • P&O Nedlloyd upgrades its service to the Indian Ocean.
  • Atlantic Container Line increased its earnings before interest again in the first three quarters of this year.
  • Croatia Line is negotiating for a financial injection from the state.
  • Non-recurring restructuring costs have driven ferry operator Stena Line into red figures.
  • Sea-Land opens a back office in Cork in Ireland.
  • Leif Hoegh takes a stake in shipping company Gorthon Lines.
Ports and Terminals
  • The port of Rotterdam plans large investments for the future.
  • Long Beach is still fighting to develop its ex-naval base.
  • The Tianjin project planned by Sea-Land slowly takes form.
  • Santos Brasil signs an IT contract with the port of Hamburg.
Forwarding
  • People who forget the human element often overlook the most critical factor in mergers and acquisitions.
  • Logistec is growing fast.
  • AEI is positive despite lower than expected third quarter results.
Aviation
  • Martinair increases its cargo flights to Africa in its winter schedule.
  • Britannia offers freight capacity from Germany.
  • KLM flies to Doha again within its winter schedule.
  • AUA will introduce flights to Tashkent/Uzbekistan.
  • MSAS becomes Lufthansa's cargo business partner.
  • BOC Cargo sets up a terminal at Sydney Airport.
  • General Parcel has started operations in Malta.
  • By cooperating with small and medium-sized businesses and a strong market presence in East Europe, M&M air cargo service is ensuring its growth.
  • Emery Worldwide has founded a joint venture in China.

TradeWindsweb site
  • OIL MAJOR British Petroleum (BP) has dealt a...
    OIL MAJOR British Petroleum (BP) has dealt a blow to the hopes of tanker owners who are planning to trade their ships until they reach the age of 30 years. The company says it will not charter ships adopting the practice of hydrostatically balanced loading, which allows them to continue trading after 25 years. BP s stand may force owners to rethink on plans to put their ships through fifth special survey.
  • SOUTH KOREAN shipyard Halla is back from the...
  • Axe falls on Cosco boss
  • Taking on terrorism
  • Claims up for Gard
  • Dry cargo farewell
  • Germans on a spree
  • Curtain call in Karachi

›››File
FROM THE HOME PAGE
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
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
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
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