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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
13:24 GMT+1
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BRIEFS
May 12, 2006
The Business Timesweb site
Shipping News
  • Patrick 1st half profit rises 8.2% on ports growth
    PATRICK Corp, acquired by Toll Holdings Ltd after a battle for dominance of Australia's freight market, said first-half profit rose 8.2 per cent as earnings from ports jumped.
  • Kawasaki Kisen and Mitsui OSK expect profit fall
    MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping firms, yesterday forecast larger than expected profit declines for this business year.
  • Nippon Yusen, Yamato in business, capital tie-up
    NIPPON Yusen KK, Japan's biggest shipping line, and leading parcel delivery group Yamato Holdings Co said on Wednesday that they would form a capital tie as part of a sea, air and land transport alliance.
  • Precious Shipping's Q1 profit falls 51% on fuel, rates
  • Blast, fire hit Philippine oil tanker under repair
Admiralty Casebook
  • No blanket exemption from rules in ship collisions: court
    NOTHING in the International Regulations for the Prevention of Collisions at Sea provides a broad or blanket exemption from the rules for any situation at sea on the basis that it is a special circumstance, a US appeals court ruled on Monday.

The Business Timesweb site
Shipping News
  • Patrick 1st half profit rises 8.2% on ports growth
    PATRICK Corp, acquired by Toll Holdings Ltd after a battle for dominance of Australia's freight market, said first-half profit rose 8.2 per cent as earnings from ports jumped.
  • Kawasaki Kisen and Mitsui OSK expect profit fall
    MITSUI OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest shipping firms, yesterday forecast larger than expected profit declines for this business year.
  • Nippon Yusen, Yamato in business, capital tie-up
    NIPPON Yusen KK, Japan's biggest shipping line, and leading parcel delivery group Yamato Holdings Co said on Wednesday that they would form a capital tie as part of a sea, air and land transport alliance.
  • Precious Shipping's Q1 profit falls 51% on fuel, rates
  • Blast, fire hit Philippine oil tanker under repair
Admiralty Casebook
  • No blanket exemption from rules in ship collisions: court
    NOTHING in the International Regulations for the Prevention of Collisions at Sea provides a broad or blanket exemption from the rules for any situation at sea on the basis that it is a special circumstance, a US appeals court ruled on Monday.

Sched Netweb site
  • China to build 2 new port clusters
  • OnePort 'fiasco' losing HK$20m annually
  • E R Schiffahrt newbuild to be chartered by Cosco
  • Singapore seeks to cement economic ties with EU via FTA
  • FedEx sets up subsidiary in Nanjing
  • China aircraft numbers expected to double by 2011
  • Indian airlines looking to cash in from air cargo business
  • EVA Airways Q1 profit drops

Exim Indiaweb site
  • Allcargo Global Logistics opens own offices in Ahmedabad, Hyderabad & Ludhiana
  • Reliance plans shipping registry in Navi Mumbai SEZ
  • EU urges docked ships to use shore-side power to control pollution
  • India, Korea trade leaps by 50 pc in Jan.-March
  • Int'l symposium on air traffic in Dubai on Sept. 18-19
  • Airbus to redesign A350 aircraft
  • Rlys may ask DSP to supply more of rolling stock needs
  • C. Rly introduces 3-pronged strategy to lure more freight
  • IATA upset with hike in RNFC
  • An area of dispute goes
  • SEZ status for STPs ruled out
  • Manufacturing sector exports show excellent growth, finds Ascon study
  • Kamal Nath to seal biz cooperation deal with Poland
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
  • Interactive meeting with Angolan Minister at IMC
  • BCHAA helps beef up security in Nhava Sheva

Maritime Global Netweb site
MAY 11, 2006
  • Good diet makes for safer ships, P&I Club says
  • Yangshan to cut port fees
  • Vietnamese yard sets seal on US$1bn deal
  • Farstad Shipping enjoys good first quarter

World Wide Shipperweb site
MAY 11, 2006
  • Port of Vancouver USA Commissioners approve purchase of giant mobile crane
  • Transportation Security Administration pulls plug on Aramex, Inter-Shipping
  • Concessions offerings expanding at Portland International Airport
  • Portland port board Oks Rivergate land sale to OMS
  • Celebrity Cruises cancels Alaska cruise of vessel SUMMIT

Lloyd's Listweb site
  • Debate still rages over coastal state vessel monitoring
    PROPOSALS driven by the US to grant coastal states jurisdiction over monitoring ships that do not call have moved forward at the International Maritime Organization, but the permitted range remains a matter for heated debate.
  • China to build 18 tankers for PDVSA
    VENEZUELAN oil giant PDVSA has signed an agreement with Chinese shipyards to build 18 tankers for $1.3bn.
  • Angelopoulos bulkers bagged by Quintana
    Quintana Maritime has clinched a much-rumoured takeover of Theodore Angelopoulos' dry bulk fleet, with an announcement of the deal expected as early as today, Lloyd's List can confirm.
  • Nuclear row may deter investors in Iran's vital shipbuilding project
    IRAN requires a massive investment in shipping at a time when foreign sources of funds may be deterred by the country's nuclear dispute with the West.
  • IMO urged to act on lessons from Star Princess
    Lessons from the recent fire onboard the Star Princess cruise ship, which left one passenger dead, have been singled out by the UK for immediate global implementation, ahead of the determination of the cause of the fire.

Fairplayweb site
MAY 11, 2006
  • NOL profits down nearly 40%
    SINGAPORE listed liner and logistics giant Neptune Orient Lines has reported a near 40% drop in net profit for 1Q06 as rising fuel costs cut into net income
  • Philippines: typhoon Chanchu awaited
    TYPHOON Chanchu is reported to be approaching the Visayas (central Philippines) from the southeast and will make landfall tomorrow morning
  • Navy aids Karachi yard recovery
    PAKISTAN has abandoned plans to privatise Karachi Shipyard and will instead place it under the defence ministry to help revitalise the country's shipbuilding industry
  • TBS blames fall on Katrina
    TBS International, the bulk-to-breakbulk vessel operator, blamed Hurricane Katrina and a massive rise in the cost of bunkers for a 55% slump in first quarter net profit
  • Iraq unveils refinery plans
    IRAQ has unveiled plans to set up three more oil refineries in a bid to overcome crunching petrol shortages and combating thriving oil smuggling
  • Builders' risks clauses in revision
    LLOYD'S revision of its shipbuilders' risks clauses, prompted by spiralling claims as newbuildings increase in value, is expected by the end of the year
  • Welders killed in bunker vessel blast
  • Double duty for Top's Pistiolis
  • Food for thought
  • Toll assumes control of Patrick Corp
  • Russia responds to export incentive
  • Jamaica: congestion surcharge
  • Lauritzen Cool expands in the Med
  • MISC profit falls from peak levels
  • RCCL pod plague continues

The Journal of Commerceweb site
MAY 11, 2006
  • TSA to unveil port worker ID rules
    The federal agency said it will publish long-awaited proposed rules for the Transportation Workers Identification Credential in next few days.
  • EU offer could end fight over U.S. subsidies
  • Increase for first-quarter intermodal box volume
  • NOL profits off on higher fuel, inland costs
  • MOL gains despite fuel costs
  • "K" Line net improves
  • Zim opens Asia-Gulf service
  • Caribbean ocean carriers raise fuel surcharge
  • FedEx hopeful on pilot deal

Containerisation Internationalweb site
MAY 11, 2006
  • Maersk and COSCO rumoured to be Tianjin's Beigangchi partners
    Masersk Group and COSCO have emerged as the probable partners of IPO candidate Tianjin Port Development Holdings in Beigangchi after signing a port development deal with the Tianjin Government yesterday.
  • Shanghai's Yangshan Port slashes transhipment rates
    Shanghai International Port Group has reduced its transhipment rates by 22% for International/China costal cargo, and by 53% for Yangtze River cargo starting today.
  • Indonesian owners want further port concentration
  • Japanese ocean carriers warn on freight-rates and costs
  • Hyundai Fortune up for sale
  • St Petersburg's PetroLesPort in new client negotiations
  • Rotterdam Port Alderman post passed to de Boer
  • Chiwan throughput up 19% for January-April
  • Yang Ming's FMS to call at Pasir Gudang, Songkhla and Laem Chabang

TradeWindsweb site
MAY 11, 2006
  • More Irish Sea strife
    UK ratings are warning Stena Line over Polish crew on a new Holyhead-Dublin ferry.
  • 'Let's bomb an LNG ship'
    A US politician says one energy major is proposing a rather direct test of the vulnerability of LNG carriers to terrorism.
  • 'Filthy ferry' targeted
    An Egyptian ro-ro owner is the latest shipowner to fall afoul of French prosecutors at Brest.
  • Second registry for India?
    Refinery mogul Mukesh Ambani is trying to put together an Indian second flag based in Mumbai's Special Economic Zone.
  • Bunkers hurt Thoresen
    Thoresen Thai Agencies recovers from a first-quarter slump but second quarter sales and earnings are still down on the year-ago figure.
  • Top profit soars
    Evangelos Pistiolis diversifies into real estate as his tanker venture's profit rises more than 50%.
  • Ray deal worth a billion
    Vietnam's state shipbuilder Vinashin says its newbuilding deal with Ray Car Carriers of Israel is worth $1bn.
  • DryShips at a discount?
    George Economou vehicle accepts possibility of issuing stock at below market price as it unveils piecemeal share sale.
  • NOL leaks fuel costs
    Bunker costs drain Neptune Orient Lines (NOL)'s first-quarter profit in a 'more challenging operating envinronment'.
  • Tanker explodes in Philippines
    Two yard workers hurt after incident on board products carrier.
  • K Line reaches record high
    But Japanese giant aided by one-off impairment charge in previous year, while fuel costs hit operating margin.
  • Daiichi to a tee
    Daiichi Chuo Kisen Kaisha of Japan hits forecasted revenue and income on the button but issues profit warning for next year.
  • Shinwa Naiko upbeat
    Japanese coastal bulker operator's annual profit falls, but forecast better for current year.
  • Farstad flies
    Tonnage availability leaps 10% in the North Sea but fails to dampen results for Norwegian owner.
  • Torm figures above norm
    Torm of Denmark calls first-quarter performance "quite an achievement" as profit from vessel sales missing in the period.
  • Wilson halves profit
    Voyage expenses, finance costs and weaker freight rates all send Norwegian bulker player Wilson's profit south.
  • Oglebay Norton cutting losses
    Great Lakes bulker owner's performance improves in first quarter as it seeks buyer for fleet.
  • Shinwa sinks
    Japanese tanker and bulker owner's annual profit slashed, but predicting better things this year.
  • Good times for Iino
    But how long will it last, as company predicts near-40% decline in profits this year.
  • A baker's dozen
    Australian authorities detained thirteen ships in April for failing port state control inspections.
  • MOL defies bunker costs
    Japanese shipowner posts 15.7% increase in full-year results despite difficult trading environment.
  • TBS profits plummet
    US-listed tweendecker specialist's first quarter spanked by high bunker costs.
  • Rate decline hits Precious
    Thai bulker player sees first quarter net profits more than halve as charter rates drop by 35%.
  • Summit out of action
    Celebrity Cruises cancels seven night Alaskan voyage after ship's starboard thruster suffers defect.
  • It could work...
    Two analysts both give highly provisional nods to potential Quintana-Metrostar deal while waiting for the devil in the details.

American Shipperweb site
MAY 11, 2006
  • APL's profits slip 39% in 1st quarter
  • Japanese carriers report profits
  • Conferences to lift Panama Canal transit fees
  • WITASS to reinstate Jamaican congestion surcharge
  • Cathay's cargo up 3.8% in April
  • BNSF chief says railroads need investment tax credit
  • Avramovich joins KCS from DHL
  • Toll gets control of Patrick
  • DP World waits for second bite at U.S. market

The Scandinavian Shipping Gazetteweb site
MAY 11, 2006
  • North sea lifeboats not up to required standard
    Free-fall lifeboats used on the North Sea oil and gas platforms are not up to required standards. In short ...
  • Polish vessel blamed in the "Vertigo" collision
    The Polish bulk carrier "Ziemia Lodzka" gets most of the blame for the collision with the Jamaican-registered "Vertigo" in ...
  • Seafarers' eating habits a safety risk
    North of England P&I club has come to be one of the first to develop dietary recommendations for seafarers ...

The Bunker Bulletinweb site
MAY 11, 2006
  • Bunker fuel boosts Chile exports
    Increasing price and volumes for first quarter reported.
  • Bominflot strengthens Indian presence with physical position
    Bominflot will be offering physical deliveries in Kandla and Mumbai from May 15, with other ports being considered for development.
  • Bunkers take big bite out of NOL Group's Q1 result
    NOL Group and its container line APL suffer bunker setback, while rates have held up better than expected.
  • K-line: Rising bunker prices shaved $228.5 million from profit
    K-line says net profits up, but operating profit and current profit severely dented by higher fuel costs.
  • Another record result for World Fuel Services
    WFS off to a good 2006 start as Q1 net income doubles from a year earlier.
  • Crude suppresses Rotterdam activity
  • Singapore: Distillate stocks below 5 million barrels
    Onhore stocks of middle distillates lowest on record, residual fuels also down.
  • Philippines: 2 injured in oil tanker explosion
    Two people injured, investigations underway to find out the cause of explosion.
  • Gladstone: Larcom reschedules dry-docking dates
    Gladstone supplier IBS advises that the dry-docking of its bunker barge has been rescheduled to a later date.

›››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%)
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
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
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
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