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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
13:07 GMT+1
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BRIEFS
July 25, 2005
The Business Timesweb site
Shipping News
  • Volatility still governs tanker and oil markets
    TO say that the price of crude oil affects shipping would be stating the obvious but the relationship between the two can be surprisingly complex.
  • Gaps in regional bunker prices on the rise
    WHILE increased crude oil prices have pushed up the general level of bunker prices since early 2003, another less obvious impact is a marked increase in regional price differences within the bunker market.
  • New cruise terminal facilities needed: MPA
    NEW world-class cruise terminal facilities must be developed soon if Singapore is to stay ahead of the rapidly developing regional cruise competition, according to the head of the Maritime & Port Authority of Singapore .
  • Top US port complex starts fees to ease congestion
  • 4 dead, 5 missing in ship collision off Japan
  • Pamela's historic visit

Sched Netweb site
  • Qingdao throughput crosses 100m ton mark earlier
  • IBM introduces supply chain outsourcing transformation
  • Xinjiang sub-contracting exports surge 330 per cent in the first half
  • Swissport, PMSI to provide global cargo security services
  • China's foreign trade up 23pc in H1 year-on-year
  • NOL, Sun Microsystems launch RFID test centre in Singapore
  • Lynden announces new appointments
  • Air China orders 20 A330-200s
  • Southwest plans move to King County International Airport
  • CRS Airline adds three new offices in Spain

Exim Indiaweb site
  • A.P. Møller-P&ONL deal closer to approval
  • Maritime Trade Practices Act (proposed) Practices? What practices?
  • VLCCs sailing towards rosy horizon
  • TSA to impose new inland fuel surcharge
  • Spices Board to market branded products in US
  • CM dedicates 4-laned NH-4B linking JNP to Mumbai-Pune Expressway to nation
  • Rlys to sharpen focus on freight issues, set up council
  • Baalu launches Delhi-Jaipur vehicle tracking pilot project
  • Assocham sees potential to capture 5 pc share of global textile trade
  • Sidbi, IL&FS sign pact to facilitate setting up of 25 textile parks
  • Kamal Nath calls for raising leather exports to $ 7 bn by 2010
  • We've laid base for closer Indo-US ties, says departing US commercial attache

International Transport Journalweb site
  • Heyer and Truppat new faces at Rhenus Midgard
  • Canada feeling impact of Vancouver truck strike
  • Etihad increases Cairo frequencies
  • India to declare three new national waterways
  • Dailyfresh chooses Dunkirk

Maritime Global Netweb site
JULY 22, 2005
  • ITF targets Leonhardt & Blumberg
  • Camillo Eitzen in new deals
  • Volstad orders at Aker

Marine Logweb site
JULY 22, 2005
  • Fredriksen's SeaDrill takes chunk of Indonesian driller
  • Senate panel approves MARAD bill

World Wide Shipperweb site
JULY 22, 2005
  • Airlines propose shift from Sea-Tac to Boeing Field
  • Port Angeles port board Oks airport improvement contract
  • Port of Everett schedules North Marina meeting
  • Tacoma Port Commission Oks revenue bond sale
  • Weekly rail freight traffic has its ups and downs

Lloyd's Listweb site
  • Collision claims four lives off Japan
    TWO ships collided in heavy fog off the Japanese Pacific coast in the early hours of Friday morning, killing four Chinese crew.
  • K Line seeks global 20-year deal with PSA
    K LINE is seeking a long-term contract of up to 20 years with PSA, covering its terminals in Singapore and beyond.
  • PSA eyes dedicated car terminal
    PSA Singapore is studying whether to build a dedicated automotive terminal to meet growing demands for regional transhipment. Japanese lines are keen to be involved in its management.
  • IPOs 'in deep trouble' as Golden Energy delays show
    THE initial public offering market for shipping companies in the US lies in tatters following Genco Shipping & Trading's heavily discounted Nasdaq debut, with at least one company, Golden Energy Marine, abruptly delaying its road show.
  • Stowaways evade death trap in railway container
    THREE illegal immigrants had a narrow escape from a container arriving in the port of Zeebrugge when they managed to call the emergency services in broken Italian to explain that they were trapped in a container on a train that was no longer moving.

Fairplayweb site
JULY 22, 2005
  • Bangladesh to open ferry initiative
    BANGLADESH has been chosen as the pilot project in a joint IMO/Interferry initiative to tackle ferry capsizes and sinkings
  • PONL price dispute
    SHAREHOLDERS representing 54% of the outstanding capital of P&O Nedlloyd disputed the price of at which AP M'ller is to buy the company
  • Concern over insurance stability
    THE threat of aggressive underwriting and a further softening of an already fragile pricing environment are raising concerns at the International Union of Marine Insurance
  • Genco raises $247M
    GENCO Shipping & Trading will begin trading on the NASDAQ today after consummating its initial public offering at a discounted price of $21/share
  • APM sets up $6.5Bn credit line
    AP MOLLER-Maersk has signed an agreement for a $6.5Bn revolving credit facility that will replace an existing facility of $2Bn, CFO Jorgen Endell told Fairplay
  • Yuan impact on shipping minimal
    THE effect of the revaluing of the yuan on shipping and port operations in China will be limited because the revaluation was a 'meagre' 2.1%, a shipping analyst told Fairplay
  • Rio Tinto's ore shipments surge
  • Indon ports resist VAT pressure
  • Puerto Rico port block continues
  • Sovcomflot still plans LNG outlet
  • New Admiralty bill introduced in India
  • Battle lines drawn for Paranagua
  • Government talks on PDV order
  • Sixth storm born off Bahamas
  • Singapore seeks cruise ventures
  • Seaspan unveils mammoth IPO

The Journal of Commerceweb site
JULY 22, 2005
  • ILWU: PierPass violates labor pact
    With off-peak program set to begin Saturday, longshore union accuses marine employers of end-run around new waterfront contract.
  • Snag for Maersk-P&O buy
  • Columbia Coastal to launch Maine-NY barge service
  • Vancouver strike squeezing stores
  • Truck strike hits Puerto Rico port
  • P&O Nedlloyd: Net to rise 27%
  • Tacoma to raise $100 million
  • Genco cuts IPO price
  • Swiss seek U.S. trade pact
  • Seaspan sets share price

Containerisation Internationalweb site
JULY 22, 2005
  • Chinese shippers wary of further Renminbi appreciation
    China's manufacturers, carriers and terminal operators consider the Renminbi's appreciation as a negative factor against exports, but believe that the 2% upward adjustment would not hit the market too severely.
  • Malaysian hauliers fear industry collapse
  • Puerto Rico truckers' strike brings country to a standstill
  • Seaspan to float boxship business
  • PONL executives get rough ride in stormy EGM
  • Bangladeshi ministers clash over rail privatisation
  • KCR Freight to launch HK/Dongguan through train service
  • Manufacturing relocation threatens Busan volumes

TradeWindsweb site
JULY 22, 2005
  • See you in September
    Victor Restis' Golden Energy and Wexford's Cavan Maritime delay offerings until after Labor Day in face of "tired" shipping IPO market.
  • Genco opens on Nasdaq
    Company's IPO nets required $230m to keep bank deal intact after Genco ups shares to 11.76 million.
  • Navios vote set for 23 August
    Angeliki Frangou's $607m takeover of Navios is set for a shareholder vote.
  • Leonhardt & Blumberg in ITF campaign
    German owner under pressure from unions over containership crews.
  • Nymex rolls out new FFA routes
    New York exchange will now offer US-Caribbean contracts.
  • Smit/Wijs renew marriage vows
    Dutch companies committed to 50-50 towing venture as Veldman takes over as head.
  • Panam Sol brings relief
    Tanker to arrive in drought-stricken Bermuda with country's first water shipment in 15 years.
  • D'Amico doubles up
    Paolo and Cesare take home $70m in 2004.
  • Ships collide off Japan
    Japan launches large rescue operation after accident sinks one ship and leaves eight crew missing.

American Shipperweb site
JULY 22, 2005
  • Crowley adding intermodal equipment
  • UPS second quarter net income up 20.5%
  • Cargolux opts for Boeing freighters
  • Delta Airlines' woes continue with $382 million net loss
  • UP net profits soar 47%
  • KCS subsidiary gets $50 million loan for improvements
  • Senate committee approves new TSA chief
  • Pataki, Bloomberg break ground for N.Y.-N.J. ship-to-rail facility

The Scandinavian Shipping Gazetteweb site
JULY 22, 2005
  • D/S "Norden" gains from the high market
    Dampskibsselskabet "Norden" of Copenhagen has once again cashed in on a ship sale. This time it is the product tanker ...

The Bunker Bulletinweb site
JULY 22, 2005
  • US buyers fail to snag hook despite slipping prices
    Quiet trading on the USEC and Gulf Coast sees prices firm slightly, while West Coast keeps a close eye on Asia.
  • Environmental groups hail IMO's Annex VI revision promise
    Environmental groups today hailed a meeting this week with the IMO as a success after the United Nations body agreed to review air pollution standards for the world's shipping fleet, Bunkerworld has learned.
  • Reports: FAL Group buys tanker
    Reports today said that FAL Bunkering has bought a 60,000 dwt tanker, but sources at the company could not confirm the purchase.
  • Asian fuel oil and crude rebounds after Chinese moves
    Benchmark fuel oil prices in Asia rebounded strongly Friday, bolstered by rising crude and Chinese moves that may boost demand for crude and straight-run fuel oil.
  • Shipping emission levels worsening despite countermeasures
    A newly-published paper claims that international shipping emissions of sulphur dioxide and Nitrogen oxides are expected to increase substantially despite the introduction of countermeasures under MARPOL Annex VI.
  • 9,000 dwt Leadership enters Singapore waters
    Independent barge operator Hong Lam Marine has brought into Singapore the newly built 9,000 dwt Leadership, the largest double-hulled bunkering tanker in this region.
  • Offers/bids wide apart in quiet Rotterdam market
  • Torres Straits welcomes newly approved status
    Great Barrier Reef's Torres Straits was recognised as a particularly sensitive sea area (PSSA) by the IMO during this week's MEPC meeting.
  • China softens rule on single-hull ban
    Chinese port authorities are starting to ease the rule implemented on April 5 this year banning single-hulled tankers of more than 20-years-old from entering China's ports.

›››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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