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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
August 23, 2005
The Business Timesweb site
Shipping News
  • Australia's Toll group in A$4.9b bid for Patrick
    AUSTRALIA's largest land transport group, Toll Holdings Ltd, made a hostile A$4.9 billion bid for port operator Patrick Corp to boost its rail, road transport and air freight businesses.
  • Call for urgent review of Malacca Strait risk assessment
    AN 'urgent and thorough' review of the risk assessment of the Malacca Strait by London marine underwriters is needed, said the Federation of Asean Shipowners' Associations following the underwriters' refusal to back down on the issue last week.

Sched Netweb site
  • CP Ships accepts TUI's US$2b cash offer
  • Shallow dip forecast for box trade in 2006: report
  • MISC explores link with foreign lines
  • US trucking industry in danger of infiltration by terrorists: consultant
  • BAX Global appoints new corporate director in India
  • Northwest to keep flying despite mechanics strike
  • Indian airlines looking for international tie-ups
  • Arabian Airlines gains IATA security certification

Exim Indiaweb site
  • TUI AG offers to buy CP Ships for $ 2 bn
  • Insurers maintain high-risk grading on Malacca Strait
  • ABG Shipyard takes IPO route to raise funds
  • Shipping industry apprehensive about Admiralty Bill
  • BIMCO's 14th Masterclass Workshop on Nov. 2-4
  • Enticed by Indian leather goods, MNCs eyeing stake in manufacturing cos
  • Garment fair nets Rs 325-cr. business deals
  • Sethusamudram dredging works evoke excellent response from bidders
  • MoS clears decks for TPT's 2nd box terminal
  • Gujarat govt sounds British Gas, IOC on development of 2 LNG terminals
  • Scrap discharge record set by Vizag Seaport
  • Vizhinjam port project draws just 2 bidders
  • Forex reserves up by $ 2,037 million to $ 1,42,637 million
  • India can gain $ 40-60 bn annually from outsourcing-UNCTAD
  • Anti-dumping duty on PTFE from China mooted
  • Textile Committee to figure it out
  • Most SMEs on expansion track, finds CII survey
  • Ficci lays out agenda for tax laws review
  • Over a billion flows into forex kitty
  • Investors see roadblocks in draft BOT pact

International Transport Journalweb site
AUGUST 22, 2005
  • A. P Møller'Mærsk reorganises executive team after PONL acquisition
  • Tui/Hapag-Lloyd to acquire CP Ships
  • PortGround takes on ramp handling for DHL in Leipzig
  • Fréjus tunnel reopens ahead of schedule
  • Schenker wins logistics tender from Metro for the Ukraine

Maritime Global Netweb site
AUGUST 22, 2005
  • IPBCC announces rate increase
  • Camillo Eitzen & Co sees profits drop
  • Golden Ocean enjoys good second quarter
  • Asian shipowners disappointed with war risk meeting

Marine Logweb site
AUGUST 22, 2005
  • ASL to expand Batam and Singapore shipyards

World Wide Shipperweb site
AUGUST 22, 2005
  • CP Ships' board backs buyout offer
  • Western states set record for lumber production during year
  • Portland Women's Shipping Club calling for Boss of the Year nominations
  • Department of Transportation lays down new trucker rules
  • Tall Ship LADY WASHINGTON stops in Everett for public tours

Lloyd's Listweb site
  • Tui trumps rival bids for CP Ships but CMA CGM may yet up ante
    GERMAN container line Hapag-Lloyd has pulled off a stunning coup after topping rival bids for CP Ships with an offer that values the UK-headquartered company at $2.3bn.
  • Toll confirms hostile bid for Patrick - then gets rejected
    AUSTRALIAN logistics group Toll Holdings has confirmed a A$4.6bn (US$3.5bn) hostile cash and scrip offer for Patrick Corp, just days after calling initial reports of the bid "old news", write Rob McKay and Lloyd's List DCN.
  • NYK-Lauritzen reefer merger approved
    JAPAN'S NYK and Denmark's J Lauritzen have received the go-ahead to merge their refrigerated cargo activities, writes Janet Porter.
  • New talk shop marks closer co-operation between Lloyd's and the company market
    CLOSER ties in London between Lloyd's and the company market ' once renowned for their mutual indifference ' deepened yesterday with the creation of a joint marine claims talk shop.

Fairplayweb site
AUGUST 22, 2005
  • Hapag parent wins CP Ships
    TUI AG, the parent of German container line Hapag-Lloyd, has agreed a Euro1.7Bn ($2Bn) takeover deal with CP Ships
  • Shell out of Venezuela gas
    VENEZUELA has confirmed that Royal Dutch Shell will not be a partner in its $2.7Bn Mariscal Sucre natural gas project, ending years of negotiations
  • Ecuador truce declared
    ECUADOR'S oil production rebounded yesterday after an end to protests that had severely disrupted exports last week
  • Lakes ferry 'curse' continues
    THE Great Lakes fast ferry Spirit of Ontario has experienced yet another mishap, crashing into the Toronto terminal in Canada while under the control of a master trainee
  • New bill to hit Indian breakers
    SHIPBREAKERS in India are protesting against the newly proposed Admiralty Bill 2005 which amends admiralty jurisdiction of courts and ship arrest, detention and sale rules
  • Hamburg applauds Hapag deal
    HAMBURG state government has welcomed the planned takeover of CP Ships by Hapag Lloyd's parent TUI
  • Tokyo MoU looks to operations
  • Trindad blast: 'Human error'
  • Toll bids for Patrick
  • India takes 1.25M tonnes of LNG
  • GE Shipping denies split rumours
  • French coast guard too expensive

The Journal of Commerceweb site
AUGUST 22, 2005
  • Hapag-Lloyd parent to buy CP Ships
    TUI, Germany's largest tourism company, agrees to $2.1 billion cash deal that will create world's fifth-largest container carrier.
  • July warms to West Coast imports
  • NOL volumes rise
  • Security fee for New York terminals
  • Customs tests FTZ e-reportng
  • Northwest flying despite strike
  • New hours-of-service rules issued
  • China Shipping profit rises
  • NYK, Lauritzen merge reefers
  • Panama Canal waits decline

Containerisation Internationalweb site
AUGUST 22, 2005
  • Offer to CP Ships likely trumps other bidders, says Canadian bank
    National Bank Financial (NBF) today said the US$2.3bn offer from Germany's TUI AG for CP Ships likely trumps any other bidders who have been lurking in the weeds.
  • Toll in hostile bid for Patrick
    Australia's leading broad-spectrum transport group, Toll Holdings, has launched a A$4.6bn (US3.45bn) takeover bid for the nation's number two, Patrick Corporation.
  • HK Port efficiency beats China cost gap, says shipper
  • HK shippers say documentation charge hike unreasonable
  • TUI swoop for CP Ships
  • APL sees revenue/FEU hit 13-year peak
  • Russian Railways confirm $1.22bn rouble-only bond issue
  • India and Pakistan to review shipping protocol
  • Dubai Port Phase I expansion begins

TradeWindsweb site
AUGUST 22, 2005
  • Hapag's Hanseatic holed
    German passengers are being flown home after a cruiseship grounded off Spitzbergen.
  • CSCL keeps it coming
    China Shipping Group's boxship unit builds first half profit on back of bigger volumes.
  • Bogazzi buys out V.Ships
    Italian owner's Navalmar takes sole control of New York-listed MC Shipping.
  • Can Gio can go
    Vietnamese cargoship held in Tanzania for more than a year is on its way home.
  • NYK, Lauritzen get green light
    Japanese and Danish owners' reefer tie-up cleared by European Union.
  • TUI shares slide
    German group's stock price takes a dip in early Monday trading, in reaction to CP Ships takeover bid.
  • MBC milks second-hand market
    Six ship sales send Malaysian owner's profit soaring in first six months.
  • Taiwan Navigation rises again
    Taiwanese bulker and tanker player builds profit once more in first half.
  • ABG files for offering
    Indian shipbuilder outlines plan for IPO as it seeks to boost capacity.
  • Toll bids for Patrick
    Australian logistics and transportation group makes $3.5bn unsolicited bid for domestic rival.
  • Take the money
    CP Ships' board of directors have recommended that shareholders accept TUI's $2bn offer.
  • Aussies arrest livestock ship
    Authorities in Adelaide hold Mawashi Al-Gasseem over alleged $600,000 in unpaid debts.
  • SSC sells VLCC stake
    Singapore Shipping Corp has sold its 20% stake in the MOL single-hulled Bright Artemis.
  • ASL plans to expand
    Singapore firm plans to introduce capesize drydock to Batam facility plus infrastructure investments.

American Shipperweb site
AUGUST 22, 2005
  • CP Ships agrees to TUI's $2.3 billion offer
  • MISC's pre-tax profit down 5%
  • China Shipping adds calls at Halifax, Miami
  • Asian ship owners disappointed with Malacca Strait ruling
  • Maritime attorney Fred Fisher dies in California
  • TNT adds 757 to Western Europe route
  • Freightliner takes delivery of all-new box handling equipment fleet
  • Hong Kong shippers protest $125 documentation fee
  • PWC Logistics wins third U.S. military contract in three months
  • Ensenda names Smith CEO
  • PMSA lauds California legislature for passing SECA resolution
  • Dubai Ports starts Jebel Ali expansion project
  • Bristol Port Co. orders post-Panamax crane from Kalmar

The Scandinavian Shipping Gazetteweb site
AUGUST 22, 2005
  • New European container gigant formed
    German TUI has launched an offer worth USD 2.3 billion for Canadian CP Ships. The deal includes assumption of net ...
  • The EU Commission gives green light to reefer merger
    The EU Commission has approved the merger of Lauritzen Cool's and NYK Reefers' reefer activities. The new company, owned on ...
  • Fjord Line suffers from competition
    Bergen-based passenger ferry operator Fjord Line is increasingly exposed to competition from Color Line to Denmark and generally from ...

The Bunker Bulletinweb site
AUGUST 22, 2005
  • Panama prices close gap on Houston
    Prices in Panama softened today with suppliers shrugging off reports of tight avails on the Caribbean coast.
  • US markets firm to record levels
    Bunker markets quiet in the US, but tight avails see New York prices at record levels.
  • DMCC: Newly appointed Energy Director forging industry links
    Newly appointed energy director to develop regional market and product development for the energy sector, including a fuel oil futures contract on the Dubai Gold & Commodities Exchange.
  • Ventspils: Bunkering resumes after extended barge absence
    Normal supply capacity resumes but annual sales volume could suffer.
  • Few fixtures despite open arb, record high Asian prices
    Despite benchmark fuel oil prices in Asia reaching record highs and the opening of the arbitrage window from Europe, Asia-bound fixtures remain few and far between.
  • Shipping lines introduce US to Asia fuel surcharges
    Surcharges only partially successful in defraying extra fuel costs.
  • Rotterdam firm this afternoon
  • Japan: Poor demand hits bunker market
    Poor bunker demand has hit the Japanese market and several bunker traders report zero enquiries.
  • Lanka IOC explores bunkering services off Trincomalee
    Lanka IOC confident Trincomalee can be developed into a regional bunkering hub.

›››File
FROM THE HOME PAGE
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
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
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
Signed the final agreement on the contract of port workers
Rome
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
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
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
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
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
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.
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
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
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.
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
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%
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%
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
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
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.
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
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
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%)
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
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.
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
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"
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
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
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
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
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
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
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%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
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.
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.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
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
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
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
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
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
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
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
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
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
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
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
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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Editor in chief: Bruno Bellio
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