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21 January 2025 - Year XXIX
Independent journal on economy and transport policy
13:21 GMT+1
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BRIEFS
January 31, 2005
The Business Timesweb site
Shipping News
  • China shipbuilders rush to satisfy booming economy
    CHINA is rushing to build vessels to ship home the huge amounts of commodities its booming economy demands, amid reports it is also constructing military bases to help safeguard its shipments of oil.
  • S Korean 2004 shipbuilding orders fell
    HYUNDAI Heavy Industries and other South Korean shipbuilders won orders for 2.6 per cent fewer vessels last year, though orders rose to a record US$30.2 billion as shipmakers focused on higher-value vessels.
  • Chinese iron ore needs underpin freight rates
    CHINA's insatiable demand for iron ore should put the brake on falling freight rates in the near future but shipments could peak if Beijing moves to cool the red-hot steel industry.
  • Rotterdam Port expansion plan to be revised
  • South Africa to upgrade Cape Town, Durban ports

Sched Netweb site
  • OOCL posts strong Q4 result
  • Evergreen opens largest terminal at Port of Tacoma
  • Hudson's Bay ships goods via Panama Canal to beat Vancouver congestion
  • Union Pacific 2004 operating revenue up 6pc
  • Dart Line volumes surge in 2004
  • KarstadtQuelle sells logistics operations to Deutsche Post
  • Chinese carriers purchase 60 Dreamliners
  • UAL reports net loss of US$1.6 billion in 2004
  • ABX Logistics joins cargo 2000

Exim Indiaweb site
  • ESL'a vital link to Ethiopian trade
  • SRLL set to provide close-knit supply chain logistics
  • Contship Tamarind ferries large catamaran from Antwerp to Jebel Ali
  • 8,000 tonnes wheat exported to Qatar
  • Govt to sign customs cooperation agreements with 5 more nations
  • Hong Kong remains world's top container port
  • NCAER report puts GDP growth in 2004-05 at 6.7 pc
  • Service tax to be paid by March 31
  • Pranab may head GoM on SEZ legislation
  • Dumping duty on Vitamin AD3 from EU under review

The Bunker Bulletinweb site
JANUARY 28, 2005
  • Oil slumps on renewed OPEC assurances for status quo
    Bunker fuel prices fail to react immediately to the drop, with no major price movements in the key ports.
  • New K-Sea barges ready for operation before April
    Newly-acquired bunker barges ready for operation in the Spring, says company.
  • Leading 'green' line calls for wider low-sulphur supply
    Car-carrier company Wallenius Wilhelmsen reveals higher cost of low-sulphur fuel purchases and points out lack of supply to pursue its green shipping policy globally.
  • Extra fuel protection proves popular
    Lintec Testing Services claims 'massive response' from shipowners since it launched new service to screen bunkers for chemical contamination not detected by standard testing methods.
  • Singapore trader's replacement announced
  • Bunker alert issued for high density fuels
    DNV Petroleum Services (DNVPS) issued a bunker alert today after having received several samples from Venice with density exceeding the ISO 8217: 1996 specification.
  • OPEC President: We won't cut oil production
    "We are very keen about the stability of the prices in the market," says Sheikh Ahmad Fahd al-Sabah.

Maritime Global Netweb site
JANUARY 28, 2005
  • LPG market boosts Exmar
  • French port disruption angers UK shippers
  • UK union wants stronger ships, to withstand abnormal waves
  • IMO head meets EC official

Marine Logweb site
JANUARY 30, 2005
  • Roekke gets rolling on shipping line plan

Lloyd's Listweb site
  • Canada faces industry revolt on pollution Bill
    IN AN unprecedented rebellion Canada's shipping industry groups, backed by the national maritime law association and the International Group of P&I Clubs, are striving to have proposed new environmental pro- tection legislation drastically amended or scrapped.
  • Knutsen order offers lifeline to Izar
    NORWAY'S Knutsen OAS has placed an order for a 138,000 cu m liquefied natural gas carrier with the Spanish shipbuilder Izar.
  • Ice crisis forces rethink on Stena training
    SWEDISH tanker heavyweight Stena Bulk is to concentrate solely on ice-class crew training at its Glasgow-based cadet school as the industry faces a crippling shortage of mariners trained for harsh winter climates.
  • PT Arpeni IPO to fund aggressive expansion
    EXPANDING Indonesian shipowner PT Arpeni Pratama Ocean Line plans to raise Rupiah600bn (US$66m) from a stock market listing on the Jakarta Stock Exchange.

Fairplayweb site
JANUARY 28, 2005
  • Minister removes Yarmouth hurdle
    UK transport secretary Alastair Darling has approved the use of public funding to support the EastPort outer harbour project at Great Yarmouth
  • CP ships share price falls
    TRADING on CP Ships stock opened lower as expected this morning on the New York Stock Exchange on news that the company has lowered its profit projections for 2004
  • Dover optimistic for this year
    THE port of Dover is cautiously optimistic about traffic volumes for 2005 with new ships due in service for SeaFrance, Norfolkline and SpeedFerries
  • Transnet in Saldanha ore agreement
  • Petrochemicals boost Exmar
  • IMO guidelines on seafarer rights
  • One dead in Durban dock fall
  • Swedish strike threat grows
  • Expanding OSM seeks Filipinos
  • Shanghai only considering IPO
  • India and Iran sign energy venture
  • French intercept Italian polluter
  • LA votes for access route upgrade

The Journal of Commerceweb site
JANUARY 28, 2005
  • Maersk exec: Port box crisis looming
    Gateways won't be able to handle container growth by 2010 if they don't expand, a top Maersk Sealand executive said.
  • Box storage abuses add to congestion
    Shippers, terminals say importers who use marine terminals for free storage of containers are contributing to congestion at major seaports.
  • Customs extends border truckers deadline
  • CP Ships lowers profit forecast
  • UPS freezes management hiring
  • USF earnings off in 4Q
  • Xporta, logistics software make, shuts down
  • Tax claim upheld for KCS rail unit
  • Rising cargo profits UK airports
  • Union Pacific's Evans retiring
  • Korean Air back in black
  • UPS slips in fourth quarter

Containerisation Internationalweb site
JANUARY 28, 2005
  • DPI set to sign Cochin concession on Monday
    A number of carriers have shown an interest in the development at Cochin Port on India's south west coast, where Dubai Ports International (DPI) will sign a 30-year concession on Monday.
  • Criminal charges instigated in Rottergate affair
  • Lyttelton open to labour disruption after employment deal failure
  • Statistics justify China-Australia service explosion
  • CP Ships expects US$70-73million 2004 income, after unusual charges
  • Intermodal powers CPR freight revenue increase
  • Clearing of Danube waterway makes slow progress
  • New York's ExpressRail volumes boosted by Asia trades
  • Volume and rate increases see Heung-A profits surge
  • Price-cuts and discounts for new and spot traffic on GB Railfreight
  • Hamburg 7m TEU success based on China and Baltic
  • Barrot pushes Eurovignette to increase modal competition

TradeWindsweb site
JANUARY 28, 2005
  • Dividend fever
    Frontline follows Genmar's dividends announcement with one of its own.
  • Post-what?
    Panama Canal considers massive expansion project to cater for post-panamax containerships.
  • Genmar downgrade 'very likely'
    S&P puts tanker owner on creditwatch after aggressive new dividend policy.
  • Taiheyo walks tall
    Japanese VLCC and bulker owner builds profit in first nine months of year ending 31 March.
  • Fred Olsen in the dark
    First Olsen Tankers denies knowing anything about reports it has won an FPSO bid.
  • Grieg gives sneak peek
    Elisabeth Grieg says the Grieg Group will book $86m in pre-tax profit for 2004, better than double 2003.
  • Cosco linked to new yard
    Chinese shipowner reportedly lining up cash to build facility in eastern Zhoushan.
  • CP Ships cuts forecast
    Cost of investigating errors in earlier results takes a bite out of 2004 profit.
  • Dart Line's volumes surge
    Bidcorp-owned UK ro-ro company boosts project cargoes by 50% in 2004.
  • Tax boost for ISH
    US shipping group gets extra $7.7m of income from new tonnage tax regime.
  • Farstad orders at Simek
    Farstad Shipping says it is renewing its anchor-handling fleet.
  • Fabricius looks to Vietnam
    Danish owner abandons second-hand market for newbuilding foray into boxships.
  • Aurora sails for Germany
    P&O Cruises' ill-fated liner heads to Lloyd Werft from Southampton for propulsion plant repairs.
  • Exmar excels
    LPG market drives bigger profits at Belgian owner in 2004, but LNG disappoints.
  • Shreyas orders boxships
    Indian boxship player inks deal for up to four feeder ships at Singapore shipyard ST Marine.
  • Matson marches on
    Increased volumes and increases in fuel surcharges lift profits at US-to-Hawaii container line.

American Shipperweb site
JANUARY 28, 2005
  • CP Ships lowers profit expectation
  • Matson increases profits from shipping, logistics
  • Tonnage tax cuts boost International Shipholding's earnings
  • UPS reports higher 4th quarter revenue, poor growth in ground volumes
  • United confirms heavy loss
  • Mineta notes progress in bringing down aviation barriers
  • ABX Logistics joins Cargo 2000
  • Boeing confirms Thai Airways International as 777 buyer
  • Norfolk Southern posts record railway income, revenue
  • Canadian Pacific Railway 4th quarter net income declined
  • Grupo TFM claim upheld by court
  • U.S. rail traffic declines after storms, line closures
  • DOT policy chief departs
  • Zoellick lays out his agenda for World Economic Forum
  • Export-Import Bank facilitates exports to Chinese government
  • Saddle Creek promotes DelBovo, Cook
  • Record volumes at New Jersey ExpressRail terminals

The Scandinavian Shipping Gazetteweb site
JANUARY 28, 2005
  • NIS wage agreement
    The Norwegian Shipowners' Association (NSA) has struck a deal with the unions representing 3,600 members to revise agreements with employees ...
  • Color Line sees steady passenger numbers
    Color Line experienced lower passenger numbers on all routes except Oslo to Kiel, where the new "Color Fantasy" began sailings ...
  • Jetlink Moss-Fredrikshavn from March
    Jetlink begins sailings from Moss to Frederikshavn with the fast car/passenger ferry HSC "Jetlink Express" with daily departures in ...

›››File
FROM THE HOME PAGE
The Trump unknown also weighs on the Panama Canal
Washington
While the tycoon dreams of taking it over with weapons in hand, a bill proposes to start negotiations with the Panamanian government
FSG bankruptcy trustees announce interest from multiple investors in shipbuilding group
Rendsburg/Flensburg
These are German companies operating in the same sector
Port of Long Beach closes 2024 with new annual, half-year and quarterly container traffic records
Long Beach
Total freight traffic also reached a new historical peak during the year.
The Biden administration's latest move is to accuse China of seeking dominance in the maritime, logistics and shipbuilding sectors
Washington/Beijing
Harsh reaction from Beijing's Ministry of Commerce and the China Shipyards Association
The AdSP of the Central Tyrrhenian Sea confirms the commitments made towards its employees
Naples
The organization hopes "that a climate of relaxation can be restored"
Uniport, exemption from compulsory insurance for vehicles used in port terminals is a good thing
Rome
Hanoi government authorizes initial investment for new port planned by MSC and VMC
Filt, Fit and Uilt announce a resumption of the strike of the workers of the AdSP of the Central Tyrrhenian Sea
Naples
New protest action scheduled to start on February 3rd
Annual container traffic at PSA port terminals exceeds 100 million TEU for the first time
Singapore
Record in both Singapore and overseas terminals
Confitarma calls for the urgent reinstatement of the rule on simplified recruitment of seafarers
Rome
Sisto: Simplification has proven to be an important step forward for the sector
Sharp drop of -17.1% in freight traffic in the port of Taranto in 2024
Taranto
In the last quarter alone the decline was -3.0%
Container traffic in Hong Kong port decreased by -4.9% in 2024
Hong Kong
In the fourth quarter alone, 3.5 million TEUs were handled (-2.7%)
New NATO mission to strengthen protection of undersea infrastructure in the Baltic Sea
Mons
The use of a small fleet of naval drones is also planned
In 2024, the port terminals of China's CMPort handled a record container traffic
Hong Kong
The total was 146.3 million TEU (+6.4%)
Yang Ming also renews service between Western Mediterranean and US East Coast
Keelung
In Italy stopovers in Salerno, La Spezia, Genoa and Vado Ligure
Twelve associations call for agreeing on measures to improve rail capacity management in the EU
Brussels
Genoa Port Terminal, green light for provisional concession until next June 30
Genoa
The Management Committee of the Western Ligurian Sea Port Authority has unanimously decided this
In 2024, passenger traffic managed in Genoa by Stazioni Marittime decreased by -4.4%
Genoa
Ferries stable and cruises down -9.8%. Cruise activity expected to increase in 2025
CMA CGM to remove Livorno calls from Amerigo service, replacing them with calls at Salerno
Marseille
New configuration in line with that of the Ocean Alliance partners
From April, Ocean Alliance ships will call at seven Italian ports, four of which will be visited only by COSCO/OOCL
Shanghai/Hong Kong/Taipei/Marseille
Salerno will enter and Livorno will exit the new configuration of the containerized maritime services network
Leonidsport (Louis-Dreyfus family) submits offer to acquire 21% of Thessaloniki Port Authority
Athens
The expected investment is up to approximately 57 million euros
MSC presents a new request for the management of cruise traffic in Ancona which includes the construction of a maritime station
Ancona
The duration of the proposed concession is 35 years.
In 2024, the growth of general cargo in the port of La Spezia more than offset the decline in bulk cargo
The Spice
In the port of Marina di Carrara the annual traffic decreased by -0.4%
Proposal by 47 governments, the EU Commission and ICS for the creation of an IMO fund for the decarbonisation of shipping
London
It could come into force in early 2027
Strikes averted at US East Coast and Gulf ports
North Bergen/Lyndhurst
Preliminary agreement signed by the International Longshoremen's Association and the United States Maritime Alliance
New annual record for vessel transit through the Straits of Malacca and Singapore
Port Klang
In 2024, traffic was 94,301 ships (+5.5%)
Filt, Fit and Uilt have called a strike for tomorrow by the workers of the Central Tyrrhenian Sea Port Authority
Naples
The "systematic non-application of the contractual conditions" to which the three acronyms refer - the institution replies - in fact concerns the punctual verification carried out by the competent offices of this administration of contractual institutions to which the dependent personnel were not entitled.
MSC, together with Neri and Lorenzini, presents an expression of interest for the Darsena Europa in Livorno
Leghorn
Warriors: in the next few days we will meet the group to talk in detail about the project
Corsica Ferries sells Elba Ferries to BN di Navigazione
I go to Liguria
The fast ferry "Corsica Express Three" has been chartered to the Blu Navy company
In 2024, Ukrainian ports handled a record 97.2 million tons of cargo.
Odessa
Agricultural products alone amounted to 60 million tons
COSCO, we are not a Chinese Military Company
Beijing
The Chinese company has specified that the inclusion in the US list will have no impact on the group's global activities and operations.
In 2024, freight traffic in the port of Ravenna was stable
Ravenna
Cruises down -17.7% compared to 2023
US List of Companies Doing Business for Chinese Military Includes Shipping and Shipbuilding Companies
Last November, ship traffic in the Suez Canal decreased by -55.9%
Cairo
In the first eleven months of 2024 the decline was -49.8%
With over 3.9 million TEUs, in 2024 the port of Gioia Tauro set a new record for container traffic
Joy Taurus
Decrease in cars handled at the Calabrian airport
Assonat and Assiterminal, the cancellation of the measure to increase the fees for maritime state concessions is a good thing
Rome
Serra: the TAR ruling reaffirms the importance of dialogue between public administration and users
Germany is studying a network of floating terminals for the import of clean hydrogen
Berlin
Memorandum of understanding signed by SEFE and Höegh Evi
The executive design service for the reclamation of the Molo Italia seabed in La Spezia has been awarded
The Spice
Fratelli Cosulich orders fourth methanol-ready unit
Genoa
It will be built by Taizhou Maple Leaf Shipbuilding
MSC Interested in Starting Shipbuilding and Repair Business in India
Gurgaon
Comparison with the naval engineering company Swan Defence And Heavy Industries
In Spain, a logistics network for rail transport of biofuel to ports is being studied
Madrid
Agreement between Adif and the Exolum Group
Luka Koper has ordered four new rubber-tyred gantry cranes from Konecranes
Coper
They will be the first vehicles powered exclusively by electricity at the Slovenian airport
LNG and bio-LNG bunkering vessel arriving at the port of Genoa
Genoa
It will be able to provide both "ship-to-ship" and "ship-to-truck" services
Last year, cargo traffic in Russian ports decreased by -2.3%
St. Petersburg
The largest volume of cargo, exports, fell by -1.9%
Höegh Autoliners secures two multi-year contracts for car transport
Oslo
Agreements with two car manufacturers with which it has been collaborating for years
Malta sees record cruise traffic in 2024
Florian
357 ships docked for a total of over 940 thousand passengers
Cavotec to provide electrification systems and technologies for Italian ports
Lugano
Three orders worth a total of seven million euros acquired
Pirate attacks on ships decreased by -3% last year
London
In the last quarter, an increase of +76% was recorded
COSCO Shipping Ports Sets New Annual and Quarterly Container Traffic Records
Hong Kong
In the whole of 2024, 111.9 million TEUs were handled (+5.7%)
Alberto Maestrini (VARD) elected President of SEA Europe
Brussels
The association represents the European shipbuilding industry
Molo Brin areas in Olbia handed over to Quay Royal
Construction of a marina for mega yachts is planned
Port of Singapore Sets New Container and Non-Oil Bulk Records in 2024
Singapore
The Asian port handled a total of 622.7 million tonnes of goods (+5.2%)
The Italian Maritime Academy Technologies has acquired a new technical headquarters
Castel Volturno
Includes a 37-meter, 100-ton command bridge with 1:1 scale operating environments
A huge load of 110 kilograms of cocaine seized in the port of Gioia Tauro
Reggio Calabria
If placed on the market, it could have earned criminal organizations 20 million euros
Unifeeder triples its market share of intra-Mediterranean container services
Dubai
Fincantieri Completes Acquisition of Leonardo's Underwater UAS Business
Trieste
The 287 million euro fixed component of the purchase price was paid today
Wallenius Wilhelmsen to operate ro-ro terminal at Port of Gothenburg
Oslo/Gothenburg
12-year concession contract
The Bulgarian Shipowners' Association has joined the European Community Shipowners' Associations
Brussels
BSA is the twenty-second member of the European Shipowners' Association
Strike by Central Tyrrhenian Sea Port Authority staff suspended
Naples
The meeting between the unions and the general secretary of the port authority was a success
Mercitalia Rail begins rail transport from Reggio Calabria of trains for the Milan Metro
Reggio Calabria
They are approximately 106 metres long and weigh over 180 tonnes.
PSA Venice - Vecon achieves gender equality certification
Genoa
It is the first Italian container terminal to obtain the certification
Maria Teresa Di Matteo, head of the Department for Transport and Navigation, has passed away
Rome/Gioia Tauro
Mattioli: it was an important point of reference for the entire Italian maritime cluster
Green logistics, the Northern Tyrrhenian Sea Port Authority extends the deadline for the tender
Leghorn
It awards non-repayable grants up to a maximum amount of 300,000 euros
Medcenter Container Terminal orders 20 new hybrid struddle carriers from Kalmar
Helsinki
They will be delivered within the first quarter of 2026
The intermodal service connecting the Italian terminal of Melzo with the Dutch one of Moerdijk has started
Melzo
Three weekly circulations operated, which will increase to four from April
COSCO expects to close 2024 with +95% growth in net profit
Shanghai
EBIT expected at 69.9 billion yuan (+90.7%)
Catania-based F.lli Di Martino has acquired 160 new loading units produced by Piedmont-based SICOM
Cherasco
This year the Cherasco company celebrates 50 years since its foundation
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Uiltrasporti Campania accuses the heads of the AdSP of the Central Tyrrhenian Sea of having assumed a provocative and totally closed attitude
Naples
Attempt - the union denounces - to downplay the real reasons for the strike
Medlog signs partnership agreement to build dry port and logistics area in Egypt
Cairo
The affected area is approximately 102 hectares
In the last quarter of 2024, OOCL revenues grew by +55.0%
Hong Kong
Containers transported by the fleet increased by +6.1%
Filt Cgil urges to throw away the Antitrust Authority's proposal on port work
Rome
D'Alessio: the AGCM has not at all analyzed the real dangers for the integrity of the principle of competition
Strong annual revenue growth for Evergreen, Yang Ming and WHL companies
Taipei/Keelung
Revenue growth also accentuated in the fourth quarter of 2024 alone
Industrial reconversion works to begin soon at the "ex Yard Belleli" site in the port of Taranto
Taranto
The intervention has a value of 135.3 million euros
The Northern Tyrrhenian Sea is the first AdSP to equip itself with the Anti-Violence Strategic Plan
Leghorn
The aim is to prevent discriminatory and violent phenomena within the institution.
Greek Navarino Acquires Dutch Castor Marine
London
Both companies develop information technology and communication solutions for the maritime sector
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
Trade mission in Vietnam by Spediporto, AdSP and Municipality of Genoa
Genoa
Meetings scheduled in Ho Chi Minh City and Danang
In 2024 Interporto Padova recorded a record intermodal traffic of almost 412 thousand TEU (+6.5%)
Padua
Commander Emanuele Bergamini is the new president of USCLAC
Genoa
Gianni Badino was elected president of the USCLAC-UNCDiM-SMACD unitary union
Tender for the development of cruise activities in the Greek ports of Katakolon, Patras and Kavala
Athens
The issuing of concessions with a minimum duration of 30 years is foreseen
The electrification of four moorings in the ports of Bari and Brindisi has begun
Bari
Contract worth over 28 million euros
Circle has been awarded the tender for the digitalisation services of the Eastern Adriatic Port Authority
Milan
Roberto Spinelli's position in the corruption investigation in Liguria has been archived
Genoa
Order of the judge for preliminary investigations
Work has begun in the port of Pozzallo on the construction of the new offices of the AdSP of Eastern Sicily
Pozzallo
Place the port of Imperia Oneglia under the management of the Western Ligurian Sea Port Authority
Imperia
This is requested by the Port Company "L. Maresca" and the Lodovico Maresca Port Workers Company
Interporto Padova looking for a potential partner to participate in the terminal activity
Padua
The market research will end on January 31st
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Venice
It is organized by Ca' Foscari University and the AdSP of the Northern Adriatic
››› Meetings File
PRESS REVIEW
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
New logistics company GTS Horizon established in Verona
Bari
It was founded by the GTS group and Simone Gatto De Chirico (De Chirico Srl)
In the third quarter, freight transported on Austrian railways increased by +1.8%
Vienna
In the first nine months of 2024 the increase was +1.7%
Uiltrasporti, the reverse change of VAT in the budget law is good
Rome
Verzari: we hope that this measure will be made structural in the future
Circle acquires Telepass Innova's Infomobility and Telematics business units
Milan
The value of the transaction is 6.2 million euros
Tender for construction of Albanian port of Porto Romano restarted
Durres
The deadline for submitting bids has been set for February 7th.
Eukor secures renewal of contracts for exporting cars from Korea and China
Lysaker
The expected value of the agreements is $4.2 billion.
PSA Singapore Sets New Annual Container Traffic Record
Singapore
The 40 million TEU mark was reached on December 24th
US-based FTV Capital makes offer to acquire Windward
London
London-based company develops technological solutions for shipping
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Editor in chief: Bruno Bellio
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