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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
15:17 GMT+1
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BRIEFS
December 20, 2007
The Business Timesweb site
Shipping News
  • Oil tanker rates from Caribbean hit 3-year high
    The rate to transport oil from the Caribbean on Aframax ships advanced to more than a three-year high amid a regional shortage of ships available for charter.
  • Oil-spill costs to exceed federal liability limit
    Clean-up costs for last month's oil spill in San Francisco Bay are on track to exceed the US$61 million federal insurance liability limit, the US Coast Guard said on Tuesday.

Sched Netweb site
  • DP World invests US$162.48 million in two Wenzhou terminals
  • NYK offers Baltic Express feeder service (BAX) to St Petersburg
  • Shenzen's SCT sets new record for box handling on CSCL ship
  • Zhejiang Shangyu to build 10 million tonne terminals
  • MOL (Europe) opens shop in Denmark, Sweden and Finland in January
  • Chennai container terminal lifts its millionth TEU
  • MSC adds Portugal direct call at Sines to Asia-Europe Lion service
  • Mombasa port dredging delayed on demands of new bidders
  • Schenker signed as distributor for Miele products in Finland
  • NCC pushes for lower export shipping costs in the Philippines
  • IATA sees slower growth, profit to fall on US credit crunch
  • Japanese domestic airfreight shipments sees 0.3pc drop in '08
  • Frankfurt goes ahead with expansion before court challenge settled

Exim Indiaweb site
  • MoS makes out strong case for minimum shipbuilding subsidy of 20 pc
  • Greatship orders 2 state-of-art support vessels
  • Rs 45 cr. orders bagged at coir fair
  • Box handling operations at CCT hit by deluge, gusty winds & listing ships
  • Curtains to go up on BCHAA's Sapphire Jubilee celebrations today
  • Rlys post 11 pc rise in revenue-earning freight during April-Nov.
  • Pvt. box train operators give roadways a run for its money
  • New Chennai Township's SEZ notified
  • Reddy projects GDP growth rate at around 8.5 pc
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan
  • CII holding 2-day programme on Customs valuation rules in TN
  • Spice & foodstuff exporters' body elects office-bearers for 2007-08

International Transport Journalweb site
DECEMBER 19, 2007
  • Ewald Kaiser leaves Kuehne + Nagel, succeeded by Xavier Urbain
  • Rail Cargo Austria with two new board members
  • Clecat elects board
  • New Ilyichevsk-Poti container ferry service
  • Aviapartner signs major contract with Lufthansa and Swiss in Venice
  • Gebrüder Weiss erecting new forwarding facility near Basel
  • Russia, South and North Koreas to discuss rail link

Maritime Global Netweb site
DECEMBER 19, 2007
  • Skaugen sells LPG newbuildings
  • UK foot and mouth restrictions end
  • Russian authorisation for GL
  • Arctic liferaft launched
  • FANZL rebrands

Marine Logweb site
DECEMBER 19, 2007
  • R&R Marine to build barges for Blessey

World Wide Shipperweb site
DECEMBER 19, 2007
  • Port of Longview honored for 20 years of clean audits
  • Foss taps Mike O'Shea as oil field services V.P.
  • Holland America Line continues 'Best Value' string
  • Governor earmarks funds to build three new ferries
  • Freight transportation index rises during month of October

Lloyd's Listweb site
DECEMBER 19, 2007
  • European yards gear up for new R&D initiative
    AFTER successful completion of InterSHIP, yards now hope to launch new joint effort called BESST.
  • One year on, Intership puts Europe in strong position
  • ABG bags newbuild orders worth $253m
    YARD wins orders from Precious Shipping, Lamnalco of Cyprus and Maridive & Oil Services SAE of Egypt.
  • German owners give Hamburg top marks
    GERMAN owners have given Hamburg the best rating among northern European ports.
  • Sri Lanka ports boss keeps a steady focus
    SLPA chairman Saliya Wickramasuriyais views things differently from his predecessors.
  • More plateau than peak
    THERE is no such thing as a "small claim" these days.

Fairplayweb site
DECEMBER 19, 2007
  • Korean spill: four masters arrested
    Korean Newspapers and Broadcasting have reported that two tug boat captains - Mr Cho (51) and Mr Kim (45) ' the captain of the floating crane (Mr Kim - 39) and Capt Chawla of the Hebei Spirit are under arrest and will be investigated for violations of the maritime pollution prevention law
  • Rhodin takes over at Swedish Club
    LARS Rhodin is to succeed Frans Malmros as MD of the Swedish Club in July
  • Tata Power to foray into shipping
    TATA Power Co, India's largest private electricity generator, yesterday told local stock exchanges that it plans to enter the shipping business
  • Viking: bump to follow bumper year
    MORE passengers and cargo combined with higher passenger fares helped Viking Line, the Finnish cruise ferry operator, to increase net profit to €24.8M
  • More to follow Yangzijiang example
    BANKING executives say that Yangzijiang Shipbuilding's strong post-listing showing will encourage more Chinese offshore and marine firms to head to Singapore
  • Higher liability for cargo ships
    LIABILITY limits for cargo vessels ' and probably tank barges ' are likely to be raised in the wake of testimony yesterday before a US Senate subcommittee
  • Former AWB officials to face court
  • DFDS sells 29-year old ferry
  • Indian shipyard subsidy to be cut

The Journal of Commerceweb site
DECEMBER 19, 2007
  • TACA raises eastbound rates
    Surging exports from the U.S. to Europe have tightened space dramatically, the carrier group said.
  • NAM: U.S. should acknowledge China yuan manipulation
  • STB rejects Horizon Lines' claim of 'sham movements'
  • Justice drops NAFTA records case against Ford
  • Baltimore seeks private investor for Seagirt berth
  • Trade gap narrows in Q3
  • Approval of Miami port tunnels one vote away
  • Union Pacific cuts outlook
  • Long Beach approves cargo fee
  • China Post Logistics eyes $2B IPO: Report
  • OceanFreight gets bulk duo

Containerisation Internationalweb site
DECEMBER 19, 2007
  • Tasco to list on Malaysia stock exchange
  • Sale rumours surround Ceres Paragon
  • Australian shippers face new year rate rises in Asian trades
  • Zim applies for FEFC membership
  • IPBCC to hike rates further

TradeWindsweb site
DECEMBER 19, 2007
  • Horizon rebounds
    US container shipping company's stock price jumps 12.1% a day after hitting a 52-week low.
  • Hedge fund pulls back
    US hedge fund QVT Financial agrees to pull back from 16.9% share of Top Ships.
  • Analyst ratchets Top
    Cantor Fitzgerald analyst cuts her price target for Top Ships but says the stock is still undervalued.
  • Spill cleanup to hit $61m
    US Coast Guard Commandant says cleanup costs for an oil spill in the San Francisco Bay could exceed a federal insurance liability cap.
  • Ferry checks abound
    Washington State Ferries and the US Coast Guard have widened ferry inspections after hull pitting retires four.
  • Swedish Club taps inside man
    Veteran claims chief Lars Rhodin is named as next managing director of Gothenburg hull and P&I mutual.
  • Fanzl brand nixed
    Hamburg Sud etches the tombstone on another brand as Fesco Australia-New Zealand Liner Services becomes, well, Hamburg Sud.
  • EC to probe STX buy-in
    Competition regulators are to launch an in-depth probe into STX's move to buy up 39.2 percent of Aker Yards.
  • Numbers up at Viking
    Finnish ferry owner Viking Line sees hike in passenger volumes push up annual revenues and profit.
  • Jinhui pays for prompt delivery
    Hong Kong owner snaps up supramax bulker due next March - for twice as much as its last newbuilding deal.
  • DFDS ditches Duke
    Danish owner lets 1978-built veteran go to Brittany Ferries, which has been chartering it since February 2006.
  • RCL inks two at Dae Sun
    Thai intra-Asian boxship player signs for a pair of 950-teu units at South Korean yard for $24m spend.
  • We are sailing
    Beluga Shipping flies a kite for a 20% reduction in bunker consumption.
  • BLT downgraded
    Fitch Ratings says Indonesian owner will have high level of leverage after buying Chembulk Tankers.
  • Tata Power wants ships
    Indian group seeking shareholder approval to acquire vessels to move coal from Indonesia.
  • Skaugen sells gas pair
    Last two of Norwegian owner's three "wintergas" ships go to mystery buyer for $29m en bloc.
  • Wilson goes big on minis
    Oslo-listed owner signs for eight 4,500-dwt bulker newbuildings at Chinese yard.
  • PGS rues downtime
    Oslo-listed owner says survey ships were out of service for longer than expected, leading to lower forecasts for Q4.
  • JES down on debut
    Chinese yard's share price falls in first day of trading in Singapore.
  • Erria pockets $14.3m
    Danish tanker owner will use share issue cash to fund expansion.
  • Offen to slash lube bill
    German containership operator installing new electronically-controlled system in bid to save costs.
  • Grain Harvester re-floated
    Quintana Maritime panamax awaits inspection after grounding outside Australian port with pilot onboard.
  • Bulker binge continues
    Japan's shipbuilders continue to haul in large quantities of newbuilding orders for dry tonnage.

American Shipperweb site
DECEMBER 19, 2007
  • TACA raising eastbound rates
  • Zim to join FEFC for last hurrah
  • Three Japanese companies form JV for Asia express services
  • Forward Air opening Chicago hub
  • Russia proposing freight terminal in North Korea
  • Pugh resigns as NMFTA executive director
  • Kuehne + Nagel's head of rail & logistics quits
  • Bolt seals come full circle
  • U.S., Vietnam hold first meeting under trade facilitation agreement
  • European Shippers' Council notes revision in WCO SAFE Framework
  • EU clears U.K. meat products for export
  • Tata Group eyes logistics/shipping unit to support power production
  • Fain joins Ozburn-Hessey Logistics
  • Perez leaves DHS
  • Port security grants face uncertain future in DHS bills
  • Long Beach port approves $35 container tax, L.A. port votes Thursday
  • Green groups appeal to L.A. City Council over port development
  • Port Everglades expects to pass Miami as top Florida port
  • Baltimore considering 50-foot berth

The Scandinavian Shipping Gazetteweb site
DECEMBER 19, 2007
  • Sale or spinoff of Aker Yards offshore divison
    Aker Yards is considering sale or spinoff of its offshore and specialised vessels division to enhance shareholders value. The five yards under consideration are Aukra, Brevik, Langsten, Brattvåg and Søviknes. Should the board decide to sell, expert feel the price ...
  • Norwegian vessel to spy on Japanese whaling fleet
    Australian Prime Minister Kevin Rudd plans to use the Norwegian-owned cable laying vessel 'Oceanic Viking' to spy on the Japanese whaling fleet. The vessel is owned by Eidesvik, but on charter to P&O Maritime since 2000. The owners ...

The Bunker Bulletinweb site
DECEMBER 19, 2007
  • OceanConnect expands office network, team
    Company continues to broaden its 'worldwide footprint' with new location and appointments.
  • US crude, heating oil inventories plummet
    Stocks of heating oil down by a third from a year earlier just as winter begins to bite.
  • Bunker prices expected to hit earnings
    Viking Line says current fiscal year likely to see fuel costs rise.
  • SkySails ship 'ready to sail'
    Ship operator looking for bunker savings of 20% to 30%.
  • Barge rates revised in Istanbul and Izmit
  • Russian energy giant starts bunker operations
    Gazpromneft Marine Bunker wants 30% share of the Russian market within three years.
  • Rotterdam: Barging very tight
  • Singapore residual fuel stocks dip
    Bunker traders seeing higher marine fuel demand ahead of year-end holiday period.

›››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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