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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:40 GMT+1
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BRIEFS
November 16, 2004
The Business Timesweb site
Shipping News
  • High steel prices, weak US$ hurting Korean shipyards
    THE impact of the decline of the US dollar and the global shortage of steel have begun to show in the earnings of the world's biggest shipbuilders.
  • Aussie ports to test high-tech acoustic fences
    IN a bid to address a widely acknowledged gap in global port security, two Australian ports are set to test out high-tech 'acoustic fences' capable of detecting incursions by small boats and divers.
  • Frontline's Q3 earnings quadruple
    FRONTLINE Ltd, the world's biggest oil tanker company, said third-quarter profit quadrupled to a record and earnings next quarter will be twice as high as demand for vessels outpaces supply.
  • P&O Ports' Philippine unit posts 17% fall in profits
  • Indian companies to partner Iran in port, rail projects

Sched Netweb site
  • Shenzhen-Hong Kong bridge to be completed in 2005
  • POAL considers buying stake in port corporation
  • Yunnan Customs checkpoint upgraded
  • RPONL CEO notes magnet's growing stake in company
  • Seattle posts record throughput in September
  • Brunswick containerisation plan nixed
  • Air cargo traffic at HKIA grows in October
  • US TSA unveils air cargo security plan
  • AirAsia to expand network to China
  • China Southern buys airlines

Exim Indiaweb site
  • Keel laid for Denmark company's bulk carrier at Cochin Shipyard
  • Dubai positions itself as regional cruise hub
  • Safmarine wins maritime innovation award
  • Anti-dumping duty on lead acid batteries imports to be withdrawn
  • India-Turkey trade poised to touch $ 1 bn
  • EU wants facility to exchange trade data
  • UP plans to export 2,500 tonnes of potato
  • Oilmeal exports shoot up by 132 pc
  • Vizhinjam, Cochin ICTTs may wean away part of Colombo's box traffic
  • New Mangalore Port augmenting facilities
  • Exempt transport of export cargo by sea too from service tax'WISA
  • Steel prices may be jacked up again
  • Govt extends excise duty exemption to new units in Kutch by a year
  • Comprehensive definition of services exports liable to tax being worked out
  • Availing of export credit refinance proves more lucrative for banks
  • IMC team briefs FM about exporters' problems

The Bunker Bulletinweb site
NOVEMBER 15, 2004
  • US Gulf bunker prices collapse 43% in 30 days
    Aggressive local markets combined with bearish crude sentiment sees IFO380 bunker prices almost half in 30 days in Houston and New Orleans.
  • Oil, bunker prices fall on Iranian cessation
    New York crude oil levels fall to two-month low and bunker prices in world's major ports continue to slide as tensions appear to ease in Middle East.
  • Marine fuel tops bill at Prague energy briefing
  • Russia: New tax claims not seen as another Yukos affair
    Tax claim against TNK-BP downplayed as an 'adjustment' and not another raft of tax claims against Russian oil companies.
  • Gibraltar softens further as demand increases
  • Durban operator to increase barge rates
    One of the port's two bunker barge operators has announced a rate increase.
  • Romanian supplier expands to meet demand
    Romanian bunker supplier Unicom Holding S.A. will soon be offering IFO380, previously unavailable in Romania, to vessels calling at Constantza following a major expansion of its bunkering operations.
  • Rotterdam slips lower with crude
  • Traders predict sharp fall in Korean bunkers
    While Korean prices remain high compared to competing markets, Korean traders expect prices to come down heavily.
  • Large bunker spill feared after freighter smashes breakwater
    The Japan Coast Guard is battling to prevent a major environmental disaster after a freighter smashed into a breakwater in northern Japan.

Maritime Global Netweb site
NOVEMBER 15, 2004
  • Frontline's best ever Q3
  • Camillo Eitzen's Q3 earnings dip
  • MOL to order 10 more large car carriers
  • Stelmar board urges green light for sale to Fortress
  • Lintec supports Singapore sample size rules
  • Griffin and InterARGO merge crew travel operations

Marine Logweb site
NOVEMBER 15, 2004
  • Siem buys Halliburton Subsea7 stake
  • VT Halter low bidder on Steamship Authority ferry
  • Customs: EU and U.S. act on container security
  • American salvors agree key initiatives
  • Zim in $732 million expansion

World Wide Shipperweb site
NOVEMBER 15, 2004
  • Matson sets new round of rate/charge increases
  • Port of Seattle wins award for Sea-Tac Airport improvements
  • Port of Portland offers tips for holiday air travel
  • Mitsui plans to build ten new car carriers
  • Coast Guard honors surfmen at Illwaco, Washington ceremony

Lloyd's Listweb site
  • Stakes raised for Stelmar's D-day
    Stelmar Shipping's proposed takeover by Fortress Investment Group seemed to hang in the balance last night as both 'Yes' and 'No' camps cranked up the pressure ahead of the merger vote by Stelmar shareholders scheduled for later today in a Manhattan hotel.
  • Shareholders in line for bumper payout as Frontline heads for record earnings
    FRONTLINE'S shareholders are enjoying a cash and shares bonanza as the world's largest tanker owner heads for record quarterly earnings in the final three months of the year.
  • Seven crew die in Marine Osaka tragedy
    SEVEN people have been confirmed dead following the sinking of the South Korean flag Marine Osaka.
  • Deadline for Lloyd's List nominations
    DO you believe your company is setting the benchmark for the maritime industry? Or perhaps you feel that one of your clients or suppliers is worthy of praise for outstanding performance?

Fairplayweb site
NOVEMBER 15, 2004
  • MC's Crawford grateful for profit
    MC Shipping has blamed "poor results" in its third quarter on efforts to "clean up" the company. Profits of $494,000 on revenues of $8.1M were posted, compared with profits of $1.4M on revenues of $7.9M during the same period last year
  • NYK ties up with Sovcomflot
    NYK has teamed up for the first time with Russian shipping company Sovcomflot to transport LNG
  • Busan terminals working non-stop
    ALL six terminals in Korea's biggest container port of Busan are now functional for 24 hours following Korea Hutchison Terminal's decision to introduce a round-the-clock operation system for its Jasungdae facility
  • New box berth for Felixstowe
    THE last berth capable of accommodating the biggest containerships to become operational in the UK for at least two years was commissioned today at Felixstowe
  • UK tonnage tax in crisis debate
    A UK seafarer union is to host a seminar telling politicians why ships operating in the tonnage tax regime should be obliged to employ a minimum number of UK seafarers
  • Fortress: 11th-hour Stelmar offer
    FORTRESS Investments has raised its offer for Stelmar Shipping to $40 per share on the eve of tomorrow's special meeting in New York
  • Germany reaches subsidy compromise
  • New order averts damaging protest
  • Good rates for larger boxships
  • Guatemala opens cruise terminal
  • Unlucky Shamrock changes hands
  • Frontline goes dry on 1 December
  • Port contractor under investigation
  • Class cautious about Marina rethink
  • Transneft ditches pipeline plan
  • India seeks gas compromise

The Journal of Commerceweb site
NOVEMBER 15, 2004
  • LA-Long Beach beating pier pressure
    Extra longshoremen, fewer calls finally helping to clear congestion at largest container gateway.
  • EU, U.S. team on container security
    European Union adopts first measures aimed at resolving trans-Atlantic dispute over how to protect global supply chain from terrorist attacks.
  • CP Ships net up
  • Hamburg Süd working around LA
  • More funding expected for NY barge service
  • Schneider National unveils new container
  • Alabama Ports mull security fees
  • Boeing plans 777 freighter
  • Portland CFO retires
  • Seattle CEO keynotes RFID seminar
  • Tippit wins IANA Silver Kingpin award
  • New India rail box shipper

Containerisation Internationalweb site
NOVEMBER 15, 2004
  • HPH sucked into Dutch financial scandal
    Hong Kong port operator Hutchison Port Holdings (HPH) has been linked to the Rottergate financial scandal, lending '20 (US$25.86) million to the ailing RDM defence group in May 2004.
  • Atlantic continues to plague CP Ships
    CP Ships continues to struggle in its core market with its Atlantic Q3 operating income collapsing to less than half of its 2003 third quarter value.
  • Maersk Logistics enters into second Chinese partnership
  • Shanghai's port users are caught between the devil and the deep blue sea
  • Record results reduce HMM debts
  • Malaysian haulier sees sense in total logistics

TradeWindsweb site
NOVEMBER 15, 2004
  • Good times too good to last
    Frontline shipowning offshoot warns that freight rates that pay for a tanker in two years must fall.
  • Pay off hits MC profit
    LPG operator pays a price for severance deal with former chief executive Guy Morel and legacy charters.
  • Keep your 'nickels and dimes'
    The Haji-Ioannous are rejecting an improved Stelmar takeover offer and want heads to roll after tomorrow's vote.
  • Miles under the loupe?
    CP Ships is investigating insider trading and promising to get right with Sarbanes-Oxley.
  • Attica on the climb
    Superfast and Blue Star are swelling the till at Pericles Panagopoulos's Attica group.
  • Sonatrach confirms LNG option
    Algerian owner gives go ahead to build second "medmax" ship at Universal in Japan.
  • Hanjin doubles its money
    Korean boxship player notches up big rise in earnings in first nine months of 2004.
  • Frontline nears record
    Share price at close to 12 month high as tankers again prove a licence to print money.
  • Ultrapetrol raises $180m
    Shipping-hungry bond market gives up $30m more than expected to South American owner.
  • Daewoo struggling too
    Another Korean yard announces big drop in third quarter profit.
  • TTA turns it on
    Thai bulker owner boosted by better freight markets in year to 30 September.
  • Currency clobbers Samsung
    Korean shipbuilder's third quarter profit hit by falling US dollar and bond buy-back.
  • Frontline rides the bull
    Top tanker company believes strong market will continue despite $17.2m freight futures loss.
  • LNG lifesaver for Izar yard
    Spanish utility Gas Natural throws La Naval shipyard a lifeline?
  • Norwegians bolt from Stolt
    Shipowner Christen Sveaas and lawyer Erling Hjort are on their bikes.
  • Two die in Algerian storms
    Crew from SNTM and Turkish vessels lost in high seas off Algiers.
  • Camillo Eitzen stays cautious
    Profitability of Norwegian shipping group declines as charter costs rise and it takes a conservative view of Chinese bulk market.
  • Earnings escalate at HMM
    Korean owner boosts profit by more than 1,000% in nine months to end-September.

American Shipperweb site
NOVEMBER 15, 2004
  • EU, U.S. agree on maritime container security measures
  • CMA CGM will not add own ships in Atlantic
  • Coast Guard issues latest noncompliant country list
  • China Shipping phases in new mega-ship into Pacific trade
  • Matson raises Hawaii freight rates
  • Grand Alliance, CP Ships to omit Atlantic calls
  • United Airlines expands California/Japan service
  • Hoffa calls for State Department to investigate El Salvador murder
  • Texas judge will confront FRA after latest UP death
  • Owens to manage C-TPAT program
  • U.S. textile makers file 9th petition against Chinese imports
  • BIS removes four Russian firms from its "Entity List"
  • USTR extends GSP petition deadline to Dec. 13
  • China trade to cool off
  • Sacamano joins AAEI
  • Rumsfeld praises Panama for protecting the canal
  • Metropolitan to handle Chiquita in Port of Hueneme

The Scandinavian Shipping Gazetteweb site
NOVEMBER 15, 2004
  • A.P. Møller-Mærsk lift options on LNG's
    A.P. Møller-Mærsk has signed up with Samsung Heavy Industries for further two LNG carriers of a larger type. The ...
  • Faroe Island wants to develop ship register
    Faroe Island's ship register is to be made more internationally competitive by introduction of a tonnage tax system and other ...
  • Broström plans share issue for expansion
    The Swedish tanker specialist Broström will issue 6.3 million B-shares to finance purchases of outstanding parts in part-owned ...

›››File
FROM THE HOME PAGE
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.
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
SHIPPING
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
PORTS
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
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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