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22 February 2025 - Year XXIX
Independent journal on economy and transport policy
22:09 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
ICS satisfied with ISWG-GHG's progress towards decarbonisation of shipping, even if not definitive
London
Platten: Much work still needs to be done urgently by MEPC meeting in April
In the second half of 2024, freight traffic in the port of Venice grew by +15.3%
Venice
In the whole year, cruise passengers were 548 thousand (+7.8%)
In the last quarter of 2024, freight traffic in the port of Rotterdam decreased by -2%
Rotterdam
A decrease of -0.7% was recorded for the whole year.
HMM in talks to acquire compatriot SK Shipping
Seoul
The transaction would be valued at close to $1.4 billion
Clean Maritime Fuels Platform suggests actions needed to make clean fuels available for shipping
Brussels
The AdSP will become the sole manager of railway shunting in the port of Ravenna
Ravenna
Extraordinary maintenance and investments in new infrastructure will remain the responsibility of RFI
Cargill and Hafnia joint venture in marine fuel supply
Singapore
Seascale Energy formed
Coast Guard authorizes use of batteries on board Italian flagged ships
Rome
Adopted a risk assessment approach using EMSA guidelines
Joint venture between Marsa Maroc and TIL (MSC group) for the management of the eastern container terminal of the port of Nador West Med
Casablanca
50% of the capital plus one share will be held by the African company
Shipping, lack of services and costs for goods checks give a bad reputation to the port of Genoa
Genoa
Botta: wasting time and money on various checks, not having certainty on the times of exit of the goods from the ports makes the situation unsustainable
In 2024, freight traffic in the port of Barcelona grew by +8.7%
Barcelona
Sharp increase (+12.4%) in containerized cargo. In the last quarter alone, total traffic increased by +1.2%
In the second quarter of 2024, freight traffic in European ports began to grow again
Luxembourg
The main types of cargo are increasing with the exception of solid bulk. Sharp increase in volumes in Italian ports
Positive annual economic results for the HHLA terminal group
Hamburg
Last year, container traffic handled by port terminals grew by +0.9%
788 kg of cocaine seized in the port of Gioia Tauro
Reggio Calabria/Gioia Tauro
The AdSP protests against the downgrading of the local Customs office implemented at the same time as a significant increase in its functions
GNV to take delivery of last two of four ro-pax vessels ordered 11 months early
Palermo
Catani: modernization of port infrastructures, adoption of cold ironing and development of a LNG distribution network are necessary
Le Aziende informanoSponsored Article
ABB Ability™ Marine Remote Diagnostic System
Always on board with you
Maersk and Cochin Shipyard Partner Under Indian Government's Shipping Incentive Program
Mumbai
The first repair of a Danish group ship at the Indian plant during 2025
Federagenti, speed up dredging by using waste material in port facilities
Rome
Pessina: the case of La Spezia and Genoa can provide an immediate and effective solution
Contract awarded to Maestral (Fincantieri - EDGE) for the management of the fleet of the United Arab Emirates Navy
Abu Dhabi/Trieste
The order is worth 500 million euros
T&E, remove deforestation-related biofuels from shipping decarbonization strategy and limit those produced from food crops
Brussels
Dijkstra: IMO should consider climate impact of ‘bad’ biofuels
ICS confident about outcome of next week's IMO meeting on decarbonisation of shipping
In 2024, freight traffic in the port of Genoa fell by -1% while in Savona-Vado it grew by +7%
Genoa
Cruise passengers down by -11%
Last year traffic in the port of Koper increased by +3.0%
Ljubljana
Containerized goods were over 9.4 million tons (+5.6%)
Assarmatori, the ok to the recruitment of crew members by the ship's commander is good
Rome
Messina: We ask that the measure becomes structural
In 2024, the port terminals of the Moroccan Marsa Maroc handled a record volume of goods
Casablanca
Historic peak of containers with 2,898,779 teu (+13)
ECSA, A4E and T&E urge EU Commission to promote clean fuels for maritime and aviation
Brussels
Raptis: We need huge investments, certainties and simplification of access to public and private funding
Kalmar's annual business and economic results decline
Helsinki
Sharp increase in new orders in the last quarter of 2024
In the fourth quarter of 2024, ship traffic in the Suez Canal decreased by -53.5%
Cairo
Tankers fell by -42.9% and other types of vessels by -58.1%.
Evergreen Invests Nearly $3 Billion in 11 New 24,000-TEU Containerships
Taipei/Keelung
Taiwan's three major container shipping companies continue to grow in revenue
Confitarma, the current regulatory framework for port towing services is more than fine
Rome
Ministerial circular of 19 March 2019 fully suitable for managing tenders
Last year, cargo traffic in Croatian ports decreased by -10.1%.
Zagreb
Record number of line passengers and cruise passengers
MSC Reorganizes Two Transatlantic Services Between Mediterranean and US East Coast
Geneva
Nine-day transit time between the port of Genoa and that of New York
Danaos Corporation revenues surpass $1 billion for the first time in 2024
Athens
Annual net profit decreased by -8.0%
Ro-ro traffic and regional routes increasingly important for the development of the port of Ancona
Ancona
Research presented on the potential of the Marche port
HMM revenues grew by +39% in 2024
Seoul
In the fourth quarter alone the increase was +53%
AP Moller Capital - Bergé y Compañía Agreement to Invest in the Port Sector in Spain and Latin America
Kongens Lyngby/Madrid
Investments through a separately managed fund supported by the Danish company
HHLA signs collective bargaining agreement with ver.di
Hamburg
The union had opposed the transfer of shares of the company's capital to MSC
The Northern Tyrrhenian Sea Port Authority suspends Istat variations on concession fees
Leghorn
Nova Marine Carriers, Aug. Bolten and Ership Acquire Maja Stuwadoors Groep
Lugano
The Dutch company operates a bulk terminal in the port of Amsterdam
In 2024, container traffic in the port of Algeciras decreased by -0.5%
Algeciras/Valencia
The negative trend continued last month
Confitarma, maintenance of the simplified procedure for the enlistment of seafarers is a good thing
Rome
Neapolitan journalist Bianca D'Antonio dies at 83
Naples
Point of reference for courtesy and professionalism also for the shipping sector
The AdSP of the Eastern Ligurian Sea has joined the National Observatory for the Protection of the Sea
Rome
The organization promotes the valorization of the sea resource
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
Port of Los Angeles Hits New Container Traffic Peak for January
Los Angeles
Port of Livorno, in 2024 rail traffic grew by +10.4%
Leghorn
Rail share of freight volumes moved rose to 19%
Contract for the immersion in the Ancona reclamation basin of the dredging sediments of the ports of Fano and Numana
Ancona
Federlogistica, the closure of the Busalla motorway toll booth could put logistics in crisis in the North West
Genoa
Last year, cargo traffic in Montenegrin ports increased by +2.2%
Podgorica
Passengers increased by +16.1%
Investments of 1.4 billion euros for the development of the Logistics Hub of the FS Italiane group
Rome
Investments for new physical and digital assets are foreseen in the 2025-2029 Strategic Plan
Grimaldi Group extends its maritime network to India
Naples
On February 20th the first call at the port of Mumbai with the PCTC "Grande California"
One million euros for the reduction of the amount of anchorage fees in the port of Gioia Tauro
Joy Taurus
Ok to the expansion of the Automar car terminal
The AdSP of Eastern Liguria agrees on the need for buffer areas for the ports of La Spezia and Marina di Carrara
The Spice
Areas identified by the body near the port and hinterland of Santo Stefano di Magra
Conference "Iron-Rubber-Water: Intermodality and the Port of Genoa"
Genoa
It will be held on Friday at the Maritime Station of Genoa
Fratelli Cosulich has acquired a controlling stake of 62% of the capital of Femo Bunker
Genoa
It has an annual turnover of over 70 million euros
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Nola Interport, in 2024 intermodal traffic grew by +18%
Nola
Road freight traffic stable
MSC Cruises' new cruise terminal in the port of Barcelona has become operational
Barcelona
It will be officially inaugurated in the next few months
In January, the port of Singapore handled 3.5 million containers (+5.8%)
Singapore/HongKong
Container traffic in the port of Hong Kong decreased by -10.5%
The "mole" for the Bisagno torrent spillway tunnel has arrived in the port of Genoa
Genoa
It is composed of three main pieces of 196 tons
Port of Long Beach Continues to See Exceptional Container Traffic Growth
Long Beach
In January, 953 thousand were moved (+41.4%)
Mercitalia Intermodal reaches agreement with PJM for the digitalization of 600 intermodal wagons
Rome
Between 2025 and 2027 they will be equipped with the Austrian company's WaggonTracker digital system
Tomorrow CMA CGM will activate a new service between Italy, Spain and Egypt
Marseille
Reorganization of the Bora Med Service line with the inclusion of stopovers in Syria
Assoporti at the Fruit Logistica fair in support of the Italian fruit and vegetable sector
Rome
Record export value of 6.1 billion euros in 2024
Cargo traffic in Russian ports fell by -1.6% in January
St. Petersburg
Only import loads are growing
First Newbuild Container Ship Owned by ONE Christened
Singapore
It has a capacity of approximately 13,800 TEUs
Call for proposals for the enhancement of the Tuscan Port Community System
Leghorn
Paroli: the TPCS is used profitably not only by our AdSP, but also by those of Naples, Venice and Cagliari
D'Angelo (ANSI): Necessary steps forward also in cybersecurity for the port sector
Rome
Threats can paralyze a highly strategic component for the Country System
UBV Group buys International Services and Logistics Nardi
Milan
The Milanese company has been operating in the shipping and integrated logistics sector since 1949
New logistics area in the Milanese hinterland
London/Milan
Joint venture between SFO Capital Partners, Edmond de Rothschild REIM and GARBE
In 2024, container traffic in the port of Valencia increased by +14.1%
Valencia
Strong growth in transhipment (+18.8%)
Dutch Raben Group has acquired fellow Dutch DGO Express
Milan
The company provides road groupage transport and logistics services
Musso (Grendi group): escaping from Genoa? For us it was a stroke of luck
Genoa
Among the initiatives planned for 2025, the relaunch of the container port of Cagliari
This year the association of Genoese maritime agents celebrates its eightieth anniversary
Genoa
A series of celebratory events are planned
MPC Capital Acquires 50% Stake in Fellow City BestShip
Hamburg
The Hamburg company currently offers services to around 450 vessels
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
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
››› Meetings File
PRESS REVIEW
Türkiye's largest shipping company moves to Greece, while tourism giant exits
(Türkiye Today)
Billions lost at sea: over-reliance on foreign shipping drains economy
(The News International, Pakistan)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Port of Chioggia, the call for tenders for the assignment of temporary port work service has been published
Venice
The optimal operational staff of the authorized company is set at 20 units
Hyundai Mipo Orders Four LNG Bunker Vessels
Ulsan/Tokyo/Oslo
Yara to lease new ammonia carrier from NYK
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
Improvement in the final part of the year is not enough for Eimskip to close 2024 positively
Reykjavik
Container traffic at HPH Trust terminals grew by +4.8% last year
Singapore
Revenues up +8.8%
Konecranes posts record annual and quarterly revenues
Helsinki
In 2024, the value of new orders fell by -3.9%
AD Ports - CMA Terminals Agreement to Manage New Multipurpose Terminal at the Port of Pointe-Noire
The Sustainable Intermodality Logistics Association renews its technical commissions
Rome
Francesca Fiorini confirmed as general secretary. 30 new members welcomed
Tarros activates a new rail link between the port of La Spezia and the Interporto of Padua
The Spice
The frequency is weekly
CMA CGM to continue operating container terminal at Syrian port of Latakia
Beirut
New contract with the General Authority for Land and Sea Ports
Costamare posts record annual and quarterly revenues
Monk
Last year, turnover increased by +37.9%
Fatal accident in the ship repair area of the port of Genoa
Genoa
Immediate strike by workers in the sector
The work on electrifying the docks of La Spezia is proceeding rapidly
The Spice
Federlogistica calls for temporary suspension of measure on new classification criteria for customs offices
Wärtsilä closes 2024 with record financial and commercial results
Helsinki
The value of new orders acquired in the year grew by +14%
DSV Group revenues increased in 2024, but not profits
Hedehouse
Air and sea shipments handled by the Danish company increased by +7.1% and +6.6%
Approved for the concession for the automotive terminal of Vezzani in Porto Marghera
Venice
25-year contract
Port of Ravenna, estimated growth of +12.9% of traffic in January
Ravenna
Over 1.9 million tons of goods moved
Container traffic in the port of Gioia Tauro increased by +12.5% in January
Joy Taurus
347,917 TEUs were handled
The Interporto of Jesi is part of the Unione Interporti Riuniti
Rome
The terminals of Melzo and Rubiera are new aggregate partners of the association
Cisl FP Liguria, the downgrading of the Customs offices of Genoa, La Spezia and Savona is absolutely unjustified
Hapag-Lloyd secures 80% financing for construction costs of 24 containerships
Hamburg
The total investment for the new ships amounts to four billion dollars.
ONE Forms Joint Venture With LX Pantos For U.S. Intermodal Market
Singapore/Seoul
Boxlinks to provide end-to-end services in the US
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