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24 January 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
November 13, 2006
The Business Timesweb site
Shipping News
  • Hanjin Shipping's Q3 profit plunges 82% on fuel costs
    HANJIN Shipping Co, South Korea's largest shipping line by revenue, reported an 82 per cent drop in third-quarter profit on higher fuel costs and lower rates it charged to move cargo.

Sched Netweb site
  • "K" Line's first half income falls to US$174 million
  • HMM profit margin slides in the third quarter
  • Hapag Lloyd, CP Ships post US$32m quarterly loss
  • UPS net profit up in Q2

Exim Indiaweb site
  • Recyclers fault new ship-breaking policy
  • India, Italy to strengthen commercial ties
  • Lanka agrees to vanaspati export limit
  • Vanaspati units want CPO import duty slashed
  • Anti-dumping duty sought on Chinese steel & alloy wheel imports
  • Mundra Port & SEZ Ltd identifies areas for cooperation with Port Authority of Antwerp
  • Cutting-edge, state-of-art Bharti Airtel technology for Mundra Port & SEZ
  • Baalu lists steps to modernise Chennai Port
  • L&T, Gammon India in fray for MbPT's box terminal project
  • Le Havre to have 2 permanent delegates at Haldia
  • Vallarpadam ICTT gets the 'green' signal
  • KPT geared to clear imported wheat, fertiliser cargo by month-end
  • Now, Reliance on air cargo logistics
  • CONCOR enters into pact with Seaways Group to provide end-to-end logistics from Punjab to Bangladesh
  • Cabinet puts off decision on easing sugar export ban
  • Fieo frets over frequent Exim Policy amendments

International Transport Journalweb site
NOVEMBER 10, 2006
  • Emirates Skycargo welcomes new members to management team
  • New Sina service takes to the water in November
  • AirBridge Cargo received air operators certificate
  • Germany to extend trunk road network
  • DPWN reports good results in Q3 2006

Maritime Global Netweb site
NOVEMBER 10, 2006
  • Mitropoulos sails on
  • Nordic American makes ten
  • Revenue up at Camillo Eitzen
  • Golar LNG buys into Livorno Project

World Wide Shipperweb site
NOVEMBER 10, 2006
  • Union Pacific Railroad calling for new employees
  • Month of October sees gains for U.S. rail freight traffic
  • Coast Guard football team heading to first championship
  • IMO Secretary General nets new four year term
  • Admiral of the Ocean Sea honors presented to Richardson, Veitch

Lloyd's Listweb site
  • BV begins takeover talks with German rival GL
    FRENCH classification society Bureau Veritas has made a takeover offer to the shareholders of its German rival Germanischer Lloyd.
  • Bureau Veritas confirms suspicions but German shareholders will need convincing
    BUREAU Veritas issued a terse one-line statement at the weekend admitting that it is seeking to acquire its German rival, writes David Osler.

Fairplayweb site
NOVEMBER 10, 2006
  • Germany launches new ship finance company
    German KG house König & Cie has launched a new ship finance company on the Hamburg stock exchange, in an effort to open up the market for institutional investors
  • Piraeus downs tools
    PORT workers in Piraeus and Thessaloniki will not work over the weekend in protest against management change and foreign investment
  • Bank keeps Polemis suit at bay
    THE JP Morgan Chase Bank has won another small victory in the run-up to the Polemis shipping group's multi-million pound action against it
  • Crewmen in hospital after boiler explosion
    A SEAFARER remains in hospital for treatment of burns suffered in a boiler explosion on board the veteran Great Lakes carrier the Kaye E Barker last weekend
  • Not so Smart move in Santos
    A GREEK-owned bulk carrier and its master and crew have been detained in the Brazilian port of Santos after the departing vessel left a 2km oil slick behind it
  • Greece prepares to bring owners home
    GREEK shipping minister Manolis Kefaloyannis is about to announce measures to make the country's flag more attractive for domestic owners
  • STCW needs to close loopholes
  • Seafarer killed in engine room fire
  • Aus Customs goes underwater
  • Out-of-service hit lingers for Aries
  • Star rights issue targets $200M
  • HMM suffers marginal loss

The Journal of Commerceweb site
NOVEMBER 10, 2006
  • MSC opts out of Seattle
    Market conditions force the world's second-largest ship operator to reconsider PNW service.
  • Hanjin profit plummets
  • U.S., Russia reach WTO pact
  • Company tests container tracking by satellite
  • Asian nations sign rail deal
  • Busan plans $9 billion upgrade
  • Pasha Automotive wins Mazda pact
  • Alliance proposes improvements to border trade
  • India says it has no plans to privatize SCI
  • Cargolux expands S. Africa service
  • Seaspan gets first of four Maersk ships

Containerisation Internationalweb site
NOVEMBER 10, 2006
  • Container lines facing Panama Canal delays due to maintenance
    Containerships without a reservation to transit the Panama Canal are facing severe delays in the next two weeks due to maintenance works that will cut capacity by 20%.
  • Regulatory interventions target Indian container sector costs
    India's Ministry of Commerce and Tariff Authority for Major Ports are targeting transport costs, in a bid to help exporters be competitive in the face of Chinese competition.
  • CSCL's Q3 revenues rise 9% while volumes grow 19%
  • SEAS partners threaten to leave Paranagua
  • Hanjin sees 82% slump in Q3 profits
  • Deutsche Bahn flotation seems poised to go, after Cabinet compromise
  • China attracts private sector into US$2bn container rail terminal project
  • Peel's UK/Irish and Continental networks to integrate under BGF
  • Riga Central Terminal considers competitive move into containers
  • Vancouver beats US rivals for boxes

TradeWindsweb site
NOVEMBER 10, 2006
  • German giants launch fund
    Tobias Konig and HSH bank team up to create country's first public shipping fund, backed by $190m equity.
  • Restis takes CMB capesize
    Belgian owner set to book $50m profit on sale of 1997-built unit Mineral Poterne to Restis of Greece
  • Eletson pleased with price
    Greek owner nets relatively firm $37m from Chilean owner for 1994-built tanker.
  • Still overpriced
    Morgan Stanley revises TUI estimates and says even with recent corrections stock is too high.
  • Tallink in boozy party row
    Estonian ferry owner's board under fire after "improprieties" that may have occurred on Silja Symphony.
  • One dead in Red Sea blaze
    Engine on Jordanian container ship overheats and bursts into flames killing one and leaving three seriously injured.
  • APL goes it alone
    Singapore-owned box line forms own Estonian agency to capitalise on Baltic growth.
  • Ceres still active in LNG
    Greek owner reveals that it has a part ownership in an LNG newbuilding and has four new ships under technical management.
  • U-Ming prepares for expansion push
    Taiwanese bulker owner has cash to splash on new vessels and acquisitions.
  • Bourbon banks more
    French owner's offshore ships bringing in more revenue, but smaller bulker fleet contributes less.
  • Meiji muted
    Mood subdued at Japan's Meiji Shipping as first-half profit slump dampens expectations for the full year.
  • Hanjin swap shop
    Containership owner and Korea Line take reciprocate stakes amid rumours of bulk expansion.
  • Taiheiyo to bounce back
    Better second half expected for Japanese tanker and bulker owner after profit droops in first six months.
  • Expansion at a price
    Camillo Eitzen posts loss for third quarter after Fouquet Sacop acquisition drives up costs.
  • STX grabs Liquimar brace
    Greek tanker owner signs for two aframaxes at Korea's STX Shipbuilding in deal worth $138m.
  • Apeejay sells panamax
    Sale of 1990-built vessel by India's Apeejay Lines for $25.5m highlights hike in craned bulker prices since summer.
  • Daiichi doing well
    Japanese bulker and tanker owner's profit on the up in first half, as it raises full-year profit forecast.
  • Golar buys into Livorno LNG
    Company will sell one ship to Italian terminal project for conversion, see other vessels used and bag capacity rights.
  • Hanjin down two-thirds
    Korean boxship owner endures big profit drop in first nine months.
  • Kyoei keeps on track
    Japanese VLCC owner continues to build profit in the first six months of financial year.
  • Inui looks up
    Booming second quarter sees full-year expectations go through the roof at Japanese handysize owner Inui Steamship.

American Shipperweb site
NOVEMBER 10, 2006
  • Maersk container ships biggest and fastest?
  • Korean lines struggling
  • APL establishes own agency in Estonia
  • NYK, VOSA get approval for Vietnam joint venture
  • Five MarAd Reserve Fleet ships head for the scrap yard
  • MSC (UK) promotes Everitt
  • Deutsche Post's 3rd quarter profit up 30%
  • ABX Air earnings down 11% after DHL cutbacks
  • Airbus drags EADS into the red
  • Cargolux to add fourth weekly Johannesburg flight
  • DHL plans Korean improvements
  • Mullen takes over international affairs at CBP
  • Fountain named CEO of Barthco
  • CSI expansion nears its limit
  • French CMA CGM Group interested in P&O Ports North America
  • Chassis pool established in Southeast

The Scandinavian Shipping Gazetteweb site
NOVEMBER 10, 2006
  • Stena expects to make great profits
    The Stena Group is making good times, this year Stena expects to make profits of SEK 5.5 billion (approx. EUR ...
  • Commissioner Barrot enslists MEP support
    In order to get the controversial Erika-3 maritime safety packages passed into law next year the EU transport commissioner ...

›››File
FROM THE HOME PAGE
Container traffic at the Port of Los Angeles grew by 19.3% last year
Los Angeles
In the fourth quarter alone the increase was +21.5%
HMM signs agreement with JNPA to collaborate on development of new Indian port at Vadhvan
Seoul
The port will have a container traffic capacity of 23.2 million TEUs
EU customs reform must make trade and business easier
Brussels
23 organizations underline this in a joint statement
Launch in Ancona of the luxury cruise ship Four Seasons I
Trieste
Fincantieri to deliver the unit to Four Seasons Yachts at the end of 2025
Launch event in Brussels of the European Maritime Skills Forum
Brussels
In 2024, the port of Tanger Med handled a record traffic of 10.2 million containers
Anjara
New peaks also in other business segments
South Korea's KSOE wins order to build 12 18,000 TEU containerships
Seoul
HD Hyundai Heavy Industries' turnover increased by +21.1% in 2024
Fire breaks out on the Rospo Mare B oil platform off the coast of Vasto
Rome
There were no injuries or traces of pollution in the sea
Galaxy Leader Sailors Freed
London
Today the 25 crew members left Yemen on board a plane
Contract with Russian company that managed Syrian port of Tartous terminated
Damascus
The agreement included investments of 500 million dollars
Brussels OKs DP World-Arcese Automotive Joint Venture
Brussels
Initially, the activity will be carried out in France and Poland
Royal Caribbean orders sixth Edge-class cruise ship at Chantiers de l'Atlantique
Miami/Saint Nazaire
It will be taken over in 2028
Louis E. Sola is the new chairman of the Federal Maritime Commission
In 2024, ship transits through the Suez Canal decreased by -50%
Ismailia
The total was about 13,200 units compared to over 26,400 in 2023
Uiltrasporti urges to restore measures to support rail freight transport
Rome
Definitive cancellation of the 65 million fund from the Budget Law
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
Hanoi
Vietnam Port Development Plan to 2030 Approved
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
The unions confirm the three-day strike of the workers of the AdSP of the Central Tyrrhenian Sea
Naples
The protest action is scheduled for January 31, February 3 and 4.
Rolls-Royce wins record contract for Royal Navy submarine fleet
London
Eight-year, £9bn contract
Transported, the DURC in road transport is used to avoid paying for services
Rome
The rules - the association denounces - are openly violated by the clients
Kombiverkehr restores rail link between Lübeck port and Verona
Frankfurt am Main
Schedule two departures per week in both directions
AD Ports signs deal to build logistics park at Alexandria Port
Cairo
The business will be developed with the Holding Company for Maritime and Land Transport
The Panama Canal is and will continue to be Panamanian
Davos
This was underlined by the president of the Central American nation, José Raúl Mulino
Autamarocchi acquires control of Dissegna Logistics
Trieste
The Rossano Veneto company operates in the intermodal transport sector
Rubboli (Assologistica): Italian ports need more efficient and coordinated governance
Milan
Port of Ravenna, incentives for the purchase of "green" port vehicles
Ravenna
Maximum ceiling of 300,000 euros for each beneficiary
20% of Omani Asyad Shipping Company's capital up for sale
Muscat
Listing on Muscat Stock Exchange expected
Order to Circle for the management of data relating to rail and intermodal traffic of a port
Milan
ANSFISA adopts guidelines for the assessment and risk management of the rail transport of dangerous goods
Rome
Over 217 kilos of cocaine seized in the port of Livorno
Leghorn
They were hidden in a container containing wood from South America
Merlo leaves the presidency of Federlogistica to Davide Falteri
Rome
Logistics - he underlined - is one of the drivers of the national economic system
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
In Spain, a logistics network for rail transport of biofuel to ports is being studied
Madrid
Agreement between Adif and the Exolum Group
MSC Interested in Starting Shipbuilding and Repair Business in India
Gurgaon
Comparison with the naval engineering company Swan Defence And Heavy Industries
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
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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
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
Kuwait approves Chinese company for port operations
(AGBI - Arabian Gulf Business Insight)
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
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
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
Commander Emanuele Bergamini is the new president of USCLAC
Genoa
Gianni Badino was elected president of the USCLAC-UNCDiM-SMACD unitary union
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