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12 January 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
July 27, 2007
The Business Timesweb site
Shipping News
  • Panama expansion paves way for bigger vessels
    Panama's historic US$5.3 billion expansion of its 93-year-old canal, which will double its capacity, will redefine not only the current 'Panamax' container ship, but also container trade patterns, according to a new study.
  • ASF appoints Cosco exec as secretary general
    The Asian Shipowners Forum (ASF) - representing nearly half the world's cargo carrying fleet - has appointed the first secretary general for its nearly established permanent secretariat here.
  • Overseas Shipping Q2 profit up 31%
    Overseas Shipholding Group (OSG), the largest US-based oil-tanker owner, said second quarter profit rose 31 per cent on higher spot rates for its so-called Very Large Crude Carriers (VLCCs) and smaller Aframax and dry-bulk vessels.
Admiralty Casebook
  • ABS faulted for issuing certificate prematurely
    THE failure to complete a full load endurance test on the accommodation platform Safe Concordia after it was built by Keppel Fels more than two years ago was one of the contributing factors for two electrical fires on a voyage later that year, according to an Australian investigation report last month.

The Business Timesweb site
Shipping News
  • Panama expansion paves way for bigger vessels
    Panama's historic US$5.3 billion expansion of its 93-year-old canal, which will double its capacity, will redefine not only the current 'Panamax' container ship, but also container trade patterns, according to a new study.
  • ASF appoints Cosco exec as secretary general
    The Asian Shipowners Forum (ASF) - representing nearly half the world's cargo carrying fleet - has appointed the first secretary general for its nearly established permanent secretariat here.
  • Overseas Shipping Q2 profit up 31%
    Overseas Shipholding Group (OSG), the largest US-based oil-tanker owner, said second quarter profit rose 31 per cent on higher spot rates for its so-called Very Large Crude Carriers (VLCCs) and smaller Aframax and dry-bulk vessels.
Admiralty Casebook
  • ABS faulted for issuing certificate prematurely
    THE failure to complete a full load endurance test on the accommodation platform Safe Concordia after it was built by Keppel Fels more than two years ago was one of the contributing factors for two electrical fires on a voyage later that year, according to an Australian investigation report last month.

Sched Netweb site
  • LA, Long Beach braces for work stoppage as negotiations flounder
  • Damco Sea & Air integrates with Maersk Logistics to form new Damco
  • Northport calls for double tracking to boost capacity
  • Vanguard Logistics launches e-commerce portal in Asia
  • MOL's new training vessel takes to the seas
  • UAL second quarter profit soars 130pc to US$274 million
  • Swift's SAM service proves itself in Far East-Africa trade
  • Spike in Zhengzhou conferences brings 37pc rise in air traffic

Exim Indiaweb site
  • CMA CGM to impose PSS on Vasco service linking JNP to S. America
  • Dry bulk freight rates poised to scale new peaks
  • Crude shipping rates sink
  • Palm oil Customs duty cut to 45 pc
  • Rising rupee drags down textile exports
  • Deal struck to export 30,000 tonnes of soyameal
  • Vizag Port posts MoP handling record
  • 7 global consultants offer services for Bengal deepsea port
  • Dedicated cargo airports catch private sector's fancy
  • Road freight rates to South go climbing
  • Use of old machinery in SEZ units may be allowed with tax sops
  • Areas under irrigation in state not to be acquired for SEZs
  • High corporate taxes may affect flow of FDI
  • DEPB credit limit hike for exporters hinted at
  • Strengthened rupee may swallow Rs 1 lakh cr., lead to massive retrenchment, finds Commerce Ministry's survey

Maritime Global Netweb site
JULY 26, 2007
  • Eagle pays US$1bn for newbuilding fleet
  • Cosco man to run Asian Shipowners Forum
  • Kiwi ferry master fined
  • Another US magic pipe conviction
  • Strike club offers loss of earnings cover

Marine Logweb site
JULY 26, 2007
  • Final negotiations for U.S. Gulf FPSO
  • COSCO christens Asia's first 10,000 TEU box ship
  • Aker Yards to build PSV for Portosalvo

World Wide Shipperweb site
JULY 26, 2007
  • Port of Tacoma planning new terminal for NYK Line
  • NOL announces plans to build eight container ships
  • NASSCO nets Navy contract for material for tenth T-AKE vessel
  • Port of Anacortes project clears all regulatory hurdles
  • Steel imports down for month of May

Lloyd's Listweb site
JULY 26, 2007
  • Cosco gears up for acquisition
    CHINA Cosco Holdings set to issue new shares to fund $10.5bn purchase of its parent's dry bulk carrier unit.
  • Cosco debut surges in Shanghai
  • NYK to lease new terminal at Port of Tacoma
    NYK offshoot Yusen Terminal Tacoma is to lease new $300m box terminal at the US port.
  • Petronas cool over failed Centrica deal
    MALAYSIAN group says collapse of $8.25bn LNG deal with Centrica will have no impact on it or MISC.
  • Globetrotter Polemis talks communication
    THE chairman of the ICS and president of the ISF says it is vital to raise the profile of both organisations.
  • Awake and alert
    THE proposal for the mandatory provision of watch alarms onboard ships does not address the problem of fatigue.

Fairplayweb site
JULY 26, 2007
  • Atlantic hurricane forecast reduced
    ONE storm prognosticator has cut the Atlantic hurricane forecast for the remainder of the season
  • RCCL sees cruise fears easing
    ROYAL Caribbean Cruises Ltd lifted its net profit for the second quarter to $128.7M from $122.4M in 2Q06, as fears for the revenue environment eased
  • MarAd, USCG programmes pass muster
    MARAD and the US Coast Guard received pass marks this week during assessments of their programmes by the Office of Management & Budget
  • Baltic indices break records again
    THE Baltic indices headed for new records today: after faltering last week, the Baltic Exchange Dry Index rose to its highest level ever
  • Two lost as lighter sinks
  • LA, LB confusion over strike
  • Strong first quarter for NYK
  • Chemoil to invest $60M in Fujairah
  • ASF Sec-Gen Wang to be Asia's voice
  • Vinalines to acquire Japanese Handies
  • Star Reefers posts strong 2Q
  • Israeli strike ends

The Journal of Commerceweb site
JULY 26, 2007
  • NEW LABOR CONTRACT AVERTS STRIKE BY CLERKS AT PORT OF LA-LONG BEACH
    ILWU clerical workers, shipping lines agree to new three-year labor contract.
  • Tacoma plans NYK box hub
  • NYK, "K" Line raise forecasts
  • MOL Logistics, Kintetsu in N. America airfreight pact
  • CMA CGM adds Vasco Express peak surcharge
  • Carriers link N. China, India
  • Port of Charleston adds India sales representative
  • Lufthansa cargo profit to gain
  • ILA to put local under trustee
  • Panalpina in U.S. fraud probe
  • Northwest ups fuel charge

Containerisation Internationalweb site
JULY 26, 2007
  • Cheng Lie to enter China/India trade
  • Impasse reached at LA and Long Beach clerical workers talks
  • Panalpina shares fall in Nigerian bribery investigations
  • Maersk revamps USEC/East Med/Middle-East services
  • Israeli ports reopen after general strike ends

TradeWindsweb site
JULY 26, 2007
  • Matson leads A&B
    Alexander & Baldwin credits Matson's China service with boosting the bottom line but predicts a weaker second half.
  • Gas deal at Zeebrugge
    Nicolas Saverys-led Exmar admits a weak first half and signs up to build gas import infrastructure on Belgian home turf.
  • RCCL revises forecasts
    Profits rise 5% in latest quarter but bunker prices rein in predictions for the full year.
  • Sales boost Bocimar
    Benoit Timmermans-led Bocimar and partner JB Ugland have sold two bulkers under construction in China.
  • DD World snaps up PUM
    Entire shareholding in Pan-United Marine set to be taken over by Dubai Drydocks after offer accepted.
  • Escrow angst for Clarksons
    Shipbroker fights raid on pot by ex-employee Tim Huxley as battle for disputed commissions hots up.
  • Offshore drives Keppel
    Singapore yard records 27% leap in second-quarter net income with orderbook at record high.
  • Spot the difference at Star
    Oslo-listed reefer giant sees second-quarter net income jump 15% as bananas boost spot rates.
  • Disposals lift Danaos
    Gains from the sale of ships, plus an expanded fleet, help lift profits at John Coustas outfit.
  • K Line capitalizes
    Shipowner sees profits more than double on the back of favourable growth in the global economy.
  • Aker bags PSV order
    UK-based subsidiary of Italy's Rimorchiatori Napoletani also holds option at Norwegian yard.
  • Pride buys Ofer drillship
    Tanker Pacific to earn $108.5m "acquisition fee" after selling newbuilding to US drilling giant.
  • NYK's profits jump
    Japanese owner sees financial performance improve on bigger fleet and increased cargo volumes.

American Shipperweb site
JULY 26, 2007
  • Japanese carriers ride profit wave
  • Textainer deal part of hot container sector
  • ISC to end Forest Line's LASH service
  • Vessel sales boost Danaos' first half profit
  • OSG reports higher profits
  • American Commercial Lines sees profits dip as revenues rise
  • Kirby posts record profit
  • Wan Hai and partners starting another Far East/Chennai link
  • OceanFreight reports first results
  • IPBCC drops Rotterdam congestion surcharge
  • Eagle more than doubles size of fleet
  • COSCO's Wang named Asian Shipowners Forum's first secretary general
  • CBP textile enforcement teams head to Hong Kong
  • Wal-Mart Canada to score suppliers on "green shipping"
  • Quantrill takes top job at BIFA
  • Levi's sues Polo over pocket stitching
  • Cocaine shipment seized in Charleston, S.C.
  • KOM International hires McGinnis to work out of new Toronto office
  • S. Calif. ports, area businesses await ILWU strike decision
  • Long Beach port proposes record $644 million budget
  • Tacoma to build terminal for NYK terminal operator subsidiary
  • Alameda Corridor East loses out on federal funding
  • Port of Rotterdam sees 13% rise in containers
  • New York faces shortage of dry docks

The Scandinavian Shipping Gazetteweb site
JULY 26, 2007
  • Maersk Line opens new transit terminal in Tangier
    APM Terminals in the A. P. Møller-Mærsk has opened a new deep-sea container terminal in Tangier, Morocco, close to the ...
  • Indian citizen as captains on Danish tankers
    D/S Torm of Copenhagen has achieved the first permit to use non-European citizens as captains on Danish flagged vessels ...

The Bunker Bulletinweb site
JULY 26, 2007
  • Cruise line fuel costs up 8%
    Royal Caribbean increasing hedging and predicting escalating future prices.
  • China launches another oil exchange
    Dalian Petroleum Exchange opens for fuel oil spot transactions, but traders are skeptical.
  • Service launched to plug Black Sea supply gaps
    New venture formed to offer bunkers offshore on Black Sea shipping routes.
  • Japanese lines upbeat on profits
    Raise full-year profit forecast despite rising fuel cost after solid Q1 performance.
  • Rotterdam market firm after crude jump
  • Crude jumps on draw in key US stock
    Traders focus on stock draw in Cushing, Oklahoma, where benchmark US light crude is priced.
  • Singapore residual fuel stocks up
    Stocks of middle distillates fall in the week to July 25.
  • Indian bunker project still facing hurdles
    Cochin Port Trust had to revise draft documents after guidelines changed.
  • Singapore demand climbs as prices soften
    Buyers fix forward deals 'on expectations prices will rise'

›››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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