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12 January 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
November 15, 2007
The Business Timesweb site
Shipping News
  • Hyundai Merchant in the black in Q3
    Hyundai Merchant Marine Co, South Korea's second-largest shipping line, posted a third-quarter profit after surging sea-cargo volumes allowed it to charge more for carrying containers and commodities.
  • Daewoo wins tanker order at record price
    Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipbuilder, received an order to build four crude tankers at an industry record price from Vela International Marine Ltd of Saudi Arabia.
  • STX Pan Ocean Q3 profit surges on dry-bulk rates
    STX Pan Ocean Co, South Korea's largest carrier of iron ore, grain and other commodities, boosted third-quarter profit 83-fold as it moved more cargo and charged higher rates.
  • Coal, iron ore freight rates may rise

Sched Netweb site
  • New World Alliance cuts back transpacific capacity 10pc
  • Port of Qinhuangdao builds container terminal
  • Port of Dalian throughput to reach 11 million TEU by 2010
  • North-Jiangsu Canal's first container line launched
  • Qingdao container volume to surpass 9 million TEU
  • Lehman Brothers sees restored rates but higher costs too
  • Indian Planning Commission calls for cap on port handling fees
  • Kalmar delivers box handling gear to ICTSI's Ecuador terminal
  • Emirates orders 12 Boeing 777-300ERs for US$3.2 billion
  • Traffic increase at Changi Airport led by Asian growth
  • Qatar order for 30 Dreamliners and five 777 freighters confirmed

Exim Indiaweb site
  • ICS Chennai branch celebrates 12th Annual Day in grand style
  • Container market riding the wave of Chinese economic boom, says Evergreen Chairman
  • GE Shipping delivers single-hull Aframax tanker to buyers
  • Kamal Nath calls for doubling of Indo-Greek trade by 2010
  • ...welcomes German investment in SME sector
  • Tuticorin Port throughput surges 16 per cent
  • Kulkarni hails govt decision on OCT at Mumbai Port
  • Adani Logistics Park inaugurated near Gurgaon
  • 6 core sector industries register 6 pc growth in Sept.
  • RBI allows use of forex funds for infrastructure projects
  • India favours better economic ties with Asian countries-Pranab
  • New guidelines for iron ore export in pipeline

International Transport Journalweb site
NOVEMBER 14, 2007
  • BLS selects new director
  • New World Alliance moves another string to Thamesport
  • Aeroflot expands
  • Construction work on Baku'Tbilisi'Kars railway starting soon
  • Zufall Group takes a slice of Transland
  • IRU urges visas for professional drivers
  • US Congress overrides Bush's veto of waterway bill

Maritime Global Netweb site
NOVEMBER 14, 2007
  • "Solid improvement" for Eitzen
  • BW Gas hit by volatile VLGC market
  • Golden Ocean profit soars

Marine Logweb site
NOVEMBER 14, 2007
  • Marad seeks comments on foreign rebuilds
  • Weak VLGC market hits BW Gas profits

World Wide Shipperweb site
NOVEMBER 14, 2007
  • TNWA member carriers announce winter capacity plans
  • Port of Vancouver, USA schedules public tours
  • NOAA accepting applications for Ernest F. Hollings scholarships
  • Matson Navigation boosting fuel surcharge three percent higher
  • Washington State sees jump in exports during third quarter

Lloyd's Listweb site
NOVEMBER 14, 2007
  • UK to beef up port security
    PRIME minister Gordon Brown announces steps as part of drive to counter terrorism.
  • Brown's boys in blue to patrol Britain's ports
  • Golden Ocean triples third quarter profit
    NET income soars as record freight rates kicked in; and forecasts remain optimistic.
  • Shanghai mulls box futures exchange
    SHANGHAI Shipping Exchange looks at futures trading for container shipping market.
  • It's out of the old and into the new port of Pusan
    THE South Korean hub is determined to seize its opportunity with a $1.8bn redevelopment.
  • A sniff of sea air
    IT IS interesting to see various schemes used to attract young people into seafaring.

Fairplayweb site
NOVEMBER 14, 2007
  • Vela pays record price for VLCCs
    Daewoo Shipbuilding in South Korea has extracted over $600M for four 317,000dwt VLCCs from Vela International Marine in Dubai
  • Dry shares rally on Wall Street
    DRYBULK shares emerged as big winners during yesterday's broad US stock market rally
  • Startup trips Trailer Bridge
    US-flag box barge operator Trailer Bridge is being dragged down by the weak startup of its new Puerto Rico-Dominican Republic service
  • Davie to go public in Toronto, Oslo
    THE company that owns the Davie shipyard in Canada plans to go public in Toronto and Oslo in the hope of raising at least $57M in fresh equity
  • Argentine grains to flow again
    ARGENTINE authorities reopened the export registers for wheat and soya yesterday
  • IEA warns of oil demand dip
    HIGH oil prices have spurred the International Energy Agency to cut its demand forecast, implying another negative for tanker trades
  • Quintana fortifies defences
  • Golden bullish for golden age
  • BW Gas continues to suffer
  • USCG may curb movements in fog
  • International row over dead master
  • German box ship costs leap 16%
  • Lines slash capacity on Pacific
  • Call to end VLCC controversy
  • Pan Ocean rides super cycle
  • First on-line CoC courses launched

The Journal of Commerceweb site
NOVEMBER 14, 2007
  • Matson bumps up previous fuel charge
    The Jones Act carrier is increasing its previously announced fuel surcharge by an additional three percentage points.
  • Work begins on Va.-Chicago intermodal rail route
  • Report: Pilot blames captain for Cosco Busan crash
  • Trailer Bridge profits drop
  • Strike hits German rail service
  • Lines drop Russia port fees
  • Freight index declines
  • Rail traffic inches up
  • Widdows: Soaring fuel costs changing shipping business
  • Panama Canal expansion gets environmental approval
  • TWIC sign-up expanded

Containerisation Internationalweb site
NOVEMBER 14, 2007
  • European freight movements under threat from French and German rail strikes
  • Kuehne + Nagel acquires two German logistics units
  • Chinese box port boom continues
  • EMTA announces rate restoration for Israel trade and warns of UK congestion surcharge
  • New services for St Petersburg

TradeWindsweb site
NOVEMBER 14, 2007
  • CSDC inks handy deal
    Hong Kong-listed owner takes two handysize tankers in double bareboat deal.
  • Mixed bag for Farstad
    Aalesund-based offshore owner sees income rise but profits fall during the third quarter.
  • Row over spill continues
    Members of Congress plan a hearing, the Coast Guard considers new shipping rules and California continues to reel from Cosco Busan spill.
  • DVB does much better
    German-Dutch shipping bank sees nine-month profit soar despite sub-prime turbulence.
  • Diana net triples
    US-listed bulker owner walks away from the third quarter with $50.4 in profits, a 201% increase.
  • Rand in the red
    Great Lakes operator sees losses in its fiscal second quarter as strikes halted chartered-in vessels.
  • Thoresen shines
    Thai shipowner sees increased sales boost profits by 34%.
  • KSINC seeks guidance
    Indian ferry owner wants consultant to draw up 10-year plan to move into international markets.
  • KLC plans buy-back
    Korean bulker and LNG player to snap up own stock to bolster price.
  • Vela behind Daewoo four
    Saudi Arabian owner emerges as mystery buyer who inked four VLCCs at Korean Yard earlier this week.
  • Sasebo well satisfied
    Japanese shipbuilder's first-half profit soars on higher revenues.
  • STX takes off
    Korean owner's third quarter profits head into orbit thanks to booming dry sector.
  • Profit lighter at Hanjin Heavy
    Third quarter earnings fall compared to second three months at Korean yard giant.
  • DM Spiridon sinks
    Media reports from Venezuela list at least 13 cattle carcasses washing ashore after the sinking of the DM Spiridon.
  • Ultrapetrol posts loss
    Despite strong revenue growth, diversified owner's results suffer from FFA hedges and tax charges.
  • HMM on to a winner
    Double-whammy of better bulker and boxship markets boost Korean owner in third quarter.
  • Fredriksen feeling flush
    Golden Ocean sees profits triple during active third quarter for the Oslo-listed outfit.
  • Double tops for Ocean HeavyLift
    Oslo-listed offshore owner bags $40m deal to transport jackup rigs.
  • Eitzen Chemical pulls through
    Tougher third quarter, but nine-month profit healthy at Norwegian chemical tanker player.
  • STX surges on
    South Korean yard sees third quarter profits rise 20-fold.
  • Cars crushed on North Sea ship
    Over 80 vehicles battered onboard a UK-bound ferry after vessel gets caught in a storm.
  • BW Gas burned by rates fall
    Oslo-listed gas carrier owner has seen nine-month profit chopped mainly by weaker VLGC markets.
  • Excel excels
    Greek bulker owner builds fleet and profit in first nine months.

American Shipperweb site
NOVEMBER 14, 2007
  • APL chief: Rising fuel costs hurting container carriers
  • MarAd seeks comment on foreign rebuilds
  • New service cuts Trailer Bridge profit
  • Bunker fuel under gun following Bay Area spill
  • CMB, Petercam acquire Air Contractors Group
  • Target eyes new logistics needs
  • Gutierrez touts trade progress in Afghanistan
  • Commerce secretary leads congressional delegation to Colombia
  • U.S. sheep head over the Mexican border
  • Heineken awards U.K. drinks contract to Kuehne + Nagel
  • DHS delays advanced radiation detectors for 1 year

The Scandinavian Shipping Gazetteweb site
NOVEMBER 14, 2007
  • Superspeed 1 in service in February 2008
    Color Line's new fast ferry, the 28 knot Superspeed 1, will start sailings between Kristiansand and Hirtshals on 8 February next year and do the crossing in 3 hours and 15 minutes. Superspeed II will commence traffic from Larvik to ...
  • Swedish tanker leaked diesel oil
    Ektank vessel Ekfors was leaking diesel oil as a result of a grounding, which occurred in rough weather at the Slagentangen refinery last Friday. The Ekfors was at anchor waiting to load a 10,000 tonne cargo,when the accident happened ...
  • Court rules against Fredriksen in compensation case
    An Oslo court has ruled against John Fredriksen's Cyprus-based investment company Geveran Trading in a case filed against the Norwegian tax authorities for a NOK 250,000 compensation for interest and currency losses incurred on late repayment of tax. In ...

The Bunker Bulletinweb site
NOVEMBER 14, 2007
  • Oil reverses 2-day losing streak
    OPEC comments and inventory worries pushing oil back up after heavy losses.
  • 'Delays' in notifying cleanup contractor
    US Coast Guard says ship's crew failed to initiate timely cleanup response following San Francisco bunker spill.
  • Asian bunker prices tumble
    'Aggressive offers' in Singapore as players try to make space for fresh supplies.
  • October bunker sales fall
    Singapore players blame high prices. Only 500 cst product sees sales grow.
  • Rotterdam bunkers drop in line with crude
  • Novorossiysk port re-opens
    Port resumes operations after storm, but oil shipments face delays.
  • EU project to plug LNG as ship fuel
    Massive emission reductions on offer for ships running on LNG.
  • New KPC barge begins service
    Second new 5,000 mt barge due to arrive in Kuwait mid-March 2008.

›››File
FROM THE HOME PAGE
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
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
The duration of the Agencies for the provision of work in ports and for professional requalification has been extended by 18 months
Rome
Port State Control Inspections Begin on Eagle S
Helsinki/Brussels
NATO decides to increase the Atlantic alliance's military presence in the Baltic Sea
In 2024, Tanjung Pelepas Port recorded a new all-time record in container throughput
Iskandar Puteri
Over 12.2 million TEUs were handled (+16.9%)
Works worth over 57 million euros for the energy infrastructure in the port of La Spezia
The Spice
Electrification of the New Cruise Pier and new hydrogen generators
Assologistica, the new rules on reverse charge discipline in the Budget Law are good
Milan
Rapid issuance of the implementing provision by the Revenue Agency is hoped for
The electrification of the docks of the ports of Sardinia starts from Portovesme
Cagliari
Almost 52 million euros of works planned
Arkas Line ships to reach India
Izmir
Turkish company to merge three services in the Mediterranean
Two lanes of ship transit tested in a 10km section of the Suez Canal
Ismailia
They are located in the area of the Little Bitter Lake
Suez Canal Transit Decline Costs Egypt Seven Billion Dollars
Cairo
In 2024, naval traffic decreased by more than -60%
Port of Valencia, monthly traffic down after over a year of growth
Valencia
Decrease in volumes in all main product sectors
Underwater cables damaged in the Gulf of Finland at Christmas
Helsinki
Oil tanker "Eagle S" stopped, part of shadow fleet operating for Russia
Cargo traffic at Chinese seaports increased by +3.2% in November
Beijing
Foreign goods increased by +6.1%. Containers increased by +4.9%.
TIL (MSC Group) - JNPA Agreement for the Construction of Vadhvan Port
Uran
The new airport is located on the western coast of India
Shanghai is the world's first port to handle over 50 million containers in a year
Shanghai
SIPG highlights strong productivity gains achieved by introducing automation boost in Yangshan area
Yang Ming to acquire up to 13 new 8,000-15,000 TEU containerships
Keelung
They will replace 5,500-6,500 TEU vessels that are over twenty years old
Eight amendments to the International Maritime Labour Convention enter into force today
Geneva
Changes introduced to improve living and working conditions on board ships
Carnival posts record performance for September-November quarter
Miami
Revenues increased by +10.0% in the period
Uniport appreciates that the port reform is taking place through a delegated law and trusts (!) in the government's willingness to open a dialogue with the operators
Rome
Søren Toft (MSC) is the new president of the World Shipping Council
Washington
Vice President is Randy Chen of Wan Hai Lines
"SHIPS for America Act" Introduced, Bipartisan Bill to Strengthen U.S. Shipping Industry
Washington
Among the proposals, carrying up to 10 percent of imports from China on U.S.-flagged, U.S.-crewed, U.S.-built ships
In the last quarter of 2024, OOCL revenues grew by +55.0%
Hong Kong
Containers transported by the fleet increased by +6.1%
Medlog signs partnership agreement to build dry port and logistics area in Egypt
Cairo
The affected area is approximately 102 hectares
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
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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
American Halliburton buys Norwegian Optime Subsea
Noted
European company develops technologies for underwater operations
Grimaldi took delivery of the multipurpose ro-ro Great Cotonou
Naples
Next month it will be launched on a new service of the group between China and Nigeria
Federagenti has appointed 24 "ambassadors"
Rome
They have been protagonists in the profession of maritime agent for over 60 years
Ports of La Spezia and Marina di Carrara, over five million allocated for the green transition
The Spice
Funds for the purchase of electric or hydrogen vehicles
In November, freight traffic in the ports of Genoa and Savona-Vado increased by +4.3%
Genoa
In the first eleven months of 2024, an increase of +1.1% was recorded
In the first 11 months of 2024, traffic in the port of Trieste grew by +6.4% thanks to mineral oils
Trieste
A decrease of -8.2% was recorded in the port of Monfalcone
Over two and a half quintals of cocaine seized in the port of Genoa
Genoa
The drugs were inside a refrigerated container coming from Ecuador
Manca (Sardinia Region): Promises of allocation of resources for the Kalport agency not fulfilled
Cagliari
Urgent meeting requested with Minister of Labor
Increases in port fees in the ports of Bari and Brindisi
Bari
Leone: we are committed to adopting measures that do not impact traffic and users
Large quantity of cocaine seized in the port of Olbia
Sassari
39 kilos of drugs discovered hidden in a minivan
From January Hupac will intensify intermodal connections between Belgium and Italy
Noise
The frequency of the shuttle train between Busto Arsizio and Padua will also increase
Port of Ancona, provisional concession granted to Fincantieri plant
Ancona
The new concession will last 40 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
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
In November, freight traffic in the port of Barcelona fell by -3.7%
Barcelona
Container handling is growing (+6.3%), but not the weight of containerized cargo (-6.9%)
Saipem awarded new offshore contract by Shell in Nigeria
Milan
For the Italian company it has a value of around 900 million dollars
Rixi briefly illustrates the port reform
Rome
Creation of a publicly controlled company to manage investments and represent the Italian port system
Agreement between RFI and RSE for the study of a magnetic levitation freight transport system
Milan
Maritime safety, agreement signed at MIT to simplify verification procedures
Rome
Inspection and certification activities may be carried out by specifically accredited bodies
In the first eleven months of 2024, cargo traffic in Russian ports decreased by -2.0%
St. Petersburg
Both dry goods (-2.1%) and liquid bulk (-2.0%) are decreasing
Log In acquires 19,600 square meters of space at Interporto Toscano Amerigo Vespucci
Kansas City
It is the fourth acquisition in Italy of the Theoreim group company
Prysmian wins two EPCI contracts from French RTE, potentially worth €700 million
Milan
The laying of approximately 640 kilometers of land and underwater cables is planned
Testing of an autonomous port tractor in the port of Wilhelmshaven
Wilhelmshaven
It will be launched next year by Eurogate, MAFI, ICT Group and Embotech
Intesa Fincantieri - Sparkle for the protection and surveillance of submarine cables
Trieste
The two companies will analyze the requirements to improve the security of the infrastructure
Barcelona terminal operator BEST has ordered two new super post-Panamax quay cranes
Barcelona/The Hague
APM Terminals announces completion of work to increase capacity at MedPort Tangier terminal
Wärstilä sells Automation, Navigation and Control System to Swedish investment company Solix
Helsinki
In 2023 ANCS recorded revenues of 200 million euros
Cisl, speed up the choice of the president of the Port System Authority of the Eastern Ligurian Sea
The Spice
Necessary to implement works and investments
Works awarded for the expansion of the container terminal in the port of Koper
Coper
The works will be completed by the end of 2027
Container traffic in the port of Hong Kong fell by -4.2% last month
Hong Kong
In the first eleven months of 2024 the decline was -5.0%
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio
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