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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
16:37 GMT+1
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BRIEFS
May 14, 2007
The Business Timesweb site
Shipping News
  • Maersk jack-up rig set to fly Singapore flag
    DENMARK's Maersk group may have moved the bulk of its shipping operations to Malaysia's Port of Tanjung Pelepas but Singapore remains an important ship owning and management centre of the group with over 1.8 million gross tons of its fleet flying the Singapore flag.
  • PSA signs deal to run Turkey's Mersin Port
    SINGAPORE's PSA International, the world's No 2 ports firm, and Turkish conglomerate Akfen Holding have signed an agreement to operate Turkey's Mersin Port, the firms said on Saturday.
  • Johor ferry terminal to be tourist arrival hub
    THE Johor port authority, or LPJ, plans to turn Tanjung Belungkor ferry terminal into a main entry hub for Indonesian and Singaporean tourists to Malaysia.

Sched Netweb site
  • Hyundai Heavy wins US$976m order for 8 containerships
  • New World Alliance, CMA CGM to start Asia-US east coast service
  • 2007 China International Logistics Expo to be held in June
  • HK-Guangdong JV to develop mainland supply chain management services
  • APL to start 'market-beating' US-Suez service that cuts out Panama
  • Hamburg Sud consolidates S California terminal operations
  • Maersk Supply Service lands US$10m deal with INPEX Masela
  • Cathay freight volume hit by marine competition
  • EADS in the red for US$13.5m in Q1 after Airbus delays
  • Continental plans early launch for nonstop New York-Mumbai service

Exim Indiaweb site
  • TNWA launches SZX service
  • Mercator vessel on lease to Arcelor Mittal
  • Pentagon Marine Services launches ship agency division
  • JBS Family & AMA to hold J. B. Shah Memorial Lecture
  • India-Korea CEPA likely by Dec.-Envoy
  • Fieo inks MoU with Korean body
  • WTC-Rhode Island signs cooperation pact with Indo-American Chamber
  • Thailand, Bhutan may buy Tripura's handicraft
  • Shivnath Rai Harnarain (India) bags Apeda award for being top rice exporter
  • Alappuzha port: Global tender soon
  • Well-equipped Custom House Building opened at MPSEZ
  • Chennai co. ready with DPR to develop Kirtania port in Orissa
  • Mormugao Port sets new loading record
  • Rlys may allow use of goods sheds for a fee
  • Rlys extends 10 pc freight surcharge concession to more commodities
  • Flyington to buy 6 cargo planes from Airbus
  • Govt denies rift over service tax waiver on exports
  • Industrial production races into double-digit growth curve
  • Core supporters March ahead too
  • Govt not to extend period for export of sugar under AL scheme
  • IMC welcomes new policy on petrochem investment zones

Maritime Global Netweb site
MAY 11, 2007
  • Louis buys Opera
  • US$46m surplus for UK Club
  • Fredriksen companies in capesize deals
  • Ship design "powerhouse"

Marine Logweb site
MAY 11, 2007
  • Somali pirates strike again
  • $978 million box ship order
  • Ports, ferries get DHS security grants

World Wide Shipperweb site
MAY 11, 2007
  • Deicing system to expand at Portland International Airport
  • Hamburg Sud goes with ITS for Southern California liner work
  • Diplomatic conference eyes new rules for handling shipwrecks
  • Ferry cooling system trouble has WSF canceling BC run
  • April bad month for US rail freight

Lloyd's Listweb site
MAY 11, 2007
  • Insurers feel the heat as major hull claims soar
    LARGE claims that have struck the global marine hull market in 2007 are rocketing towards the $600m mark.
  • String of losses give marine sector cause for anxiety
  • Japanese yards poised to up production
    NEWBUILDING super cycle propels shipbuilders to take steps to meet increased demand.
  • Hapag-Lloyd suffers loss but Tui says worse is over
    WEAK freight rates and adverse effects of Euro-US dollar exchange sinks Hapag-Lloyd.
  • Toxic aftershock of 9/11 starts to bite
    INSIDIOUS effects of asbestos are casting a pall over Manhattan workers and residents.
  • Curse of the accountants
    THE need to constantly keep costs down is starting to take its toll on shipping.

Fairplayweb site
MAY 11, 2007
  • US service to bypass Panama Canal
    SINGAPORE 11 May ' An all-water container service via the Suez Canal linking Asian ports to the US east coast will be launched from July
  • DCI seeks more dredgers
    DREDGING Corp of India has admitted it is having difficulty chartering enough dredgers to cover to many contracts it has won
  • Carolina beach clean-up continues
    CLEAN-UP of Styrofoam packing material continues today on North Carolina beaches as debris from 21 containers lost overboard is washing ashore
  • VLs weigh down Double Hull Tankers
    DOUBLE Hull Tankers, the ship-owning spin-off of OSG, saw quarterly earnings fall 38% on substantially lower VLCC rates
  • ISS keeps up steady growth
    SHIP agency group ISS is nearly half way towards its target of representing 10% of ship calls, and has access to funds for further expansion
  • CalMac bids for own routes
    CALMAC, the Scottish Executive-owned ferry company, has put in a bid for the Western Isles and Hebridean services it already operates
  • US democrats endorse trade pacts
  • Moby Dick - CORRECTION
  • Pakistani cement exporters target India
  • Seaway 'should target containers'
  • Vigo yard talks resume
  • London 'still ahead for arbitration'
  • LMAA 'must encourage younger lawyers'
  • Louis acquires Silja's Opera
  • HPH looks to dispose of Westport stake
  • EC approves intermodal subsidy

The Journal of Commerceweb site
MAY 11, 2007
  • NWA sets all-water East Coast service
    The New World Alliance, including Hyundai, MOL and APL, with CMA CGM plan to launch a new service from China to the U.S. East Coast.
  • Port of Prince Rupert service to begin this fall
  • Zim joins TSA
  • Storm clips Maersk ships
  • NWA plans U.S.-Suez service
  • Hapag-Lloyd sinks into red
  • Revised forecast sees flat TEUs for Tacoma
  • TACA raises fuel charges
  • U.S. adds labor rights, environment to trade deals
  • LA port gets $6.56M for security
  • Houston, Galveston ports partner on container hub

Containerisation Internationalweb site
MAY 11, 2007
  • Japan's shipping companies' profits squeezed
    Results announced by Japan's three largest liner shipping companies for the fiscal year ending March 31, 2007, reveal that lower freight rates and significantly higher operating costs have hit their profitability hard.
  • NWA to start Suez Express service
  • Hupac's intermodal traffic grows
  • Over USD200 million awarded for US port security improvements
  • GNSL staff defect to Ge-ex

TradeWindsweb site
MAY 11, 2007
  • Ghandour sells on
    Brokers report that Japan's MOL has paid $137.5m for a VLCC ordered by Ghassan Ghandour at Daewoo.
  • 'Shape up or we ship out!'
    Japanese threats bring calls to give the Panama flag more autonomy on the model of the Panama Canal Authority.
  • Panamax puzzler
    Brokers say Sea Justice has paid $55.6m for a panamax bulker -- two months after selling two such ships for well below that.
  • Eitzen sells chem tanker
    Axel Eitzen-led Eitzen Chemical has reportedly sold a 20-year-old coated tanker for $18.5m.
  • Excel finds gold in old bulker
    Sale of 23-year-old vessel yields $6m book profit for Panayiotides' listed vehicle.
  • More gas for Harry
    Greek owner Stealthgas, led by Harry Vafias, has bought an LPG quartet in a deal worth $38m.
  • Eckero goes higher
    Finnish ferry line ups takeover offer for compatriot Birka, but not by much.
  • DHT profits fall 40%
    OSG spinoff loses 6% off share price after lower rates hit earnings.
  • Derivative desire
    Greek shipowners Lou Kollakis and Vasilis Bacolitsas want more than just hull and P&I cover from their insurers.
  • Scandinavian shake-up
    Wallenius and Wilhelmsen are to merge their insurance programmes TradeWinds conference is told.
  • Order in jeopardy
    South African yard says plans for new box terminal placing question mark over deal for 15 supply ships.
  • Bourbon bigger again
    French bulker and offshore vessel owner builds first quarter revenues in strong markets.
  • Teekay takeovers
    Acquisitions pose a challenge but also offer opportunities, tanker insurance chief Dev Hildebrand tells TradeWinds conference.
  • Inui pulls it off
    Japanese bulk owner beats its own ambitious forecasts for 2006.
  • Somali pirates strike again
    Gunmen seize UAE-owned cargoship 10 miles north of Mogadishu.
  • Prosafe dragged down
    Norwegian offshore owner sees first-quarter profit halved as costs and interest expenses grow.
  • Germans ink Chinese quartet
    Shanghai Shipyard grabs $230m order for four containerships from KG firms Lloyd Fonds and Thomas Schulte.
  • Meiji adrift
    Diversified Japanese owner loses two-thirds of profit in the latest financial year.
  • MISC edges up earnings
    Malaysian tanker and LNG giant boosted by ship sales in year to 31 March.
  • Taiheiyo turns it on
    Improved annual profit for Japanese tanker and bulker owner, but current year prospects are gloomy.
  • TUI not smiling
    German tourism group and Hapag-Lloyd parent sees first-quarter loss grow as freight rates dry up.
  • Braemar broadens outlook
    UK broker to drop Seascope part of its name as shipping services add more profit to annual result.
  • FOP puts out feelers
    Fred Olsen's FPSO arm signs new business deal with Marubeni of Japan.
  • Labroy laps it up
    Higher value projects from the offshore newbuilding boom are helping Singapore shipbuilder.
  • Louis replaces Sea Diamond
    Greek operator snaps up Sea Containers cruiseship following sinking of its vessel off Santorini.

American Shipperweb site
MAY 11, 2007
  • Hapag-Lloyd posts underlying 1st quarter loss, says better times ahead
  • New World linking Far East/U.S. East Coast with Panama, Suez services
  • Hamburg Sud consolidates Southern California calls at Long Beach
  • Sea Star plans bunker charge increase
  • Continental's Boisen new TIACA chairman
  • New LAX head named
  • FEC chief stresses investor prospects
  • AgTC: Lowenthal bill "one-size-fits-all" approach unfair on ag shippers
  • Bush administration, Democratic lawmakers reach trade deal compromise
  • Congress urged to maintain policy of in-kind food aid donations
  • RAND creates industry-guided supply chain think tank
  • T-Mobile renews U.K. contract with Kuehne + Nagel
  • SEKO opens Dubai office
  • Agreement reached on transfer of Staten Island terminal
  • Mega-shipyards planned in India by 2010
  • Coal shipping rates rise on port congestion in Australia and Brazil
  • U.S. House bill covers Florida port IDs

The Scandinavian Shipping Gazetteweb site
MAY 11, 2007
  • Louis acquires former Baltic cruiser
    The Cyprus based Louis plc has acquired the cruise vessel Opera (ex Silja Opera) from Sea Containers Ltd for USD ...
  • Fake pilot station in Nigeria
    The international shipping organisation BIMCO warn shipowners to be aware of fake pilot stations in Nigeria. A vessel waiting off ...
  • AFP in Indian FPSO deal worth USD 750 million
    Aker Floating Production (AFP) has struck a USD 750 million deal to deploy the FPSO Aker Smart 1 with Reliance ...

The Bunker Bulletinweb site
MAY 11, 2007
  • Shore power meeting to consider new California rules
    Agenda covering draft regulations and cost effectiveness as agency pushing ahead with new rules.
  • Santos avails situation updated
    Supply situation easing but prices firming against regional trend.
  • UK aims for effective SECA enforcement
    Regulation only expected in time for IMO, as opposed to EU deadline for second SECA
  • Russian oil shipments via Estonia down by a third
    Exports likely to remain limited in May and June but 'main schedule' being cleared.
  • Higher bunker sales boost Chemoil earnings
    Chemoil's Q1 profits rise 25% on improved efficiency and almost 20% rise in bunker sales.
  • Supplies strained in S Korea
    Bunker prices to continue firm until next week, traders say.
  • New bunker and storage terminal for Suez Canal
    Major new supply operation could see Port Said volumes increase six-fold.
  • Soft prices fail to stimulate buying interest
    Japanese bunker prices expected to dip further.

›››File
FROM THE HOME PAGE
PORTS
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
ENVIRONMENT
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
COMPANIES
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
PORTS
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
INDUSTRY
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
PORTS
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
COMPETITION
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
ENVIRONMENT
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
LOGISTICS
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
SHIPPING
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
PORTS
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
SHIPPING
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
SHIPPING
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
PORTS
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
SHIPPING
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
PORTS
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
PORTS
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
SHIPYARDS
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
EDUCATION
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
MEETINGS
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
MOURNING
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
SHIPPING
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
PORTS
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
LOGISTICS
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
PORTS
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
SHIPYARDS
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
SHIPPING
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
PORTS
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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