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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:40 GMT+1
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BRIEFS
August 1, 2008
The Business Timesweb site
Shipping News
  • Orient Overseas H1 operating profit falls 27%
    Orient Overseas (International) Ltd, Hong Kong's largest container line, said first-half operating profit fell 27 per cent after it paid more for fuel and earned less interest from its cash holdings.
  • OOIL quashes talk of bid for Hapag-Lloyd
    Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) yesterday dismissed speculation that it was bidding for TUI's Hapag-Lloyd operation, saying a weak market put it off an acquisition potentially costing more than US$6 billion.
  • US ups training to boost Arctic presence
    The US Coast Guard is conducting exercises to test how its ships and aircraft fare in the Arctic, where sea ice is melting and creating access to undersea oil fields sought by many countries.
  • Hanjin Heavy wins 141b won ship deal
  • Daewoo clinches 766b won deal

Sched Netweb site
  • Containers bright spot in OOIL's 98pc first half profit plunge
  • Box trade up, but bulk stars in Hanjin's 166pc profit rise to US$46 million
  • Shanghai first half box volume rises 10.4pc, Yangshan soars 42.8pc
  • China Construction Bank expects export growth to go to 20pc in H2
  • China Cosco moves Airbus parts from Europe to China
  • Savannah exports more than one million TEU in FY 2008
  • Fesco offers Far East-Black Sea service with PIL, Wan Hai
  • Firms are passing green costs down the line: survey
  • USAF lifts suspension on disgraced National Air Cargo
  • Qantas accused of scapegoating sick man in price-fixing scandal
  • Former top SAS Cargo exec to be jailed for airfreight price-fixing

Exim Indiaweb site
  • Sahil Freight Express shifts the goalposts
  • Arshiya International's consolidated net skyrockets by 183 pc in Q1
  • INSA seeks DGS clearance to recruit ship officers at any level
  • No compromising on security, Baalu tells Major Ports
  • VPT reviews security measures
  • Security drill carried out at SPM facility near Cochin Port
  • Shoaling may shut down Haldia Dock Complex
  • Hi-tech cargo-handling machines installed at Kolkata airport
  • It's a 'pause', not complete breakdown at WTO, asserts Nath
  • Regional deals will multiply-Fieo
  • Cotton export ban ruled out
  • Vietnam business team visits IMC

International Transport Journalweb site
JULY 31, 2008
  • Schütze new sales MD for TNT Express Germany
  • Hapag-Lloyd staff fight to keep company in Germany
  • Swiss posts solid H1/ebit
  • VTG takes over the Graaff group
  • ID Logistics provides services for Eroski
  • 2008 Fiata World Congress, Vancouver (Canada), 23-26 September

Maritime Global Netweb site
JULY 31, 2008
  • Exmar's half year loss
  • OSG earnings up
  • Gdansk gets busy

Marine Logweb site
JULY 31, 2008
  • Fincantieri and Lockheed said to be buying Manitowoc Marine
  • Navy explains why it's capping DDG 1000 at two ships
  • DSME discloses $755 million drillship order
  • Record OSV earnings boost HOS results

World Wide Shipperweb site
JULY 31, 2008
  • 'K' Line vessels return to Port of Portland terminals
  • US steel imports jump up during June
  • Last defense fleet liberty ship making way to Greece
  • Columbia River Channel project changing direction for mitigation land
  • Wright takes command of Corps' Seattle District

Lloyd's Listweb site
  • Port Hedland channel clear after bulker refloated
    QUICK response after Iron King runs aground clears shipping channel at Australia's biggest iron ore port.
  • Mining interests dig in over infrastructure access
  • Precious paints rosy outlook for dry bulk
    THAI handysize specialist's chief says prospects in the next 12 months may match boom years of 2005 and 2007.

Fairplayweb site
JULY 31, 2008
  • Squeeze chokes Hamburg box growth
    VOLUME growth at Hamburg's box terminals has weakened to 3.8% in the first six months, down from 14.3% in the first half of last year
  • 42 hurt on cruise ship off NZ
    FORTY-TWO passengers were reported injured when the P&O Cruises vessel Pacific Sun rolled sharply as it was buffeted by a severe storm overnight near New Zealand
  • Stella Maris 'progress' seen
    THE COMPANY that was managing the hijacked Stella Maris saw progress today towards release of the bulk carrier and its crew
  • Seaspan touts capital access
    SEASPAN continues to strengthen its financial position to fund growth, which analysts believe will set apart the box ship leasing giant
  • GenMar weighed by hedges
    TANKER operator General Maritime reaped higher rates but reported lower net income as a result of its derivative positions

The Journal of Commerceweb site
JULY 31, 2008
  • OOCL profit edges up in first half
    But company warns that the second half of the year would be 'considerably more challenging' on higher capacity and fuel costs, slower growth.
  • Lawsuits filed against LA-Long Beach port truck plans
  • Panel: Halt Mexican trucks
  • House Dems say TSA should screen foreign cargo
  • "K" Line back in Portland
  • Miss. River re-opened
  • Byrd preps stimulus bill with transportation funding
  • FMC meets Aug. 6
  • Kuehne & Nagel chairman to step down, tabs successor
  • Seaspan net higher
  • Lines hike Colombo charge

Containerisation Internationalweb site
JULY 31, 2008
  • Oil holds back OOIL
  • The 'Hamburg Solution' in pole position
  • ICC 'deeply regrets' Doha Round collapse
  • DCT Gdansk's ambitions get a boost
  • Seaspan's business model: watertight in a crisis

TradeWindsweb site
JULY 31, 2008
  • Adeus Rio
    Building consortium Rio Naval pulls nine-tanker Petrobras order out Rio de Janeiro yard.
  • Looking better
    After General Maritime beats estimates, Cantor Fitzgerald analyst raises forecast for the rest of the year.
  • Bard luck
    Both tankers faulted for Singapore Strait collision in report hampered by one side's silence and the other's failure to provide urine test results.
  • Parana problems
    Wah Kwong Shipping's panamax Cemtex Venture is re-floated after running aground in South America's Parana River.
  • Owner gets CFO
    Tidewater hires banker to replace outgoing finance chief Keith Lousteau, with $300,000 annual salary plus stock options on the table.
  • Sale lifts ISC
    Niels M Johnsen-led International Shipholding Corp reports 159% increase in profits thanks to the sale of a panamax bulker.
  • SFI sells
    John Fredriksen pockets $68m from sale of two suezmax vessels under construction in China.
  • Keppel on target
    Offshore orders help Singapore group to hit market expectations for the second quarter.
  • Profits double
    US-listed Capital Product Partners thanks proft sharing and fleet growth for higher earnings.
  • More for Neste
    Finnish tanker owner builds profit in second quarter as freight rates rise "unseasonably".
  • Pistiolis 'pleased'
    Evangelos Pistiolis-led Top Ships reports a net loss, but it returns to operational profitability after three quarters in the red.
  • Finnlines falls
    Finnish ro-ro owner hurt again by operating and financial costs in first half.
  • Diana doubles up
    Spike in charter rates and growth in fleet lead to "record" returns at Simeon Palios-led bulker owner.
  • Gulf widening
    Rising income from its US offshore fleet powers Hornbeck to record quarter, but tug and tank-barge unit can't keep pace.
  • Duo detained
    Canadian port state inspectors held two bulkers over oily water separator and crew certification deficiencies in June.
  • FreeSeas revs up
    Ion Varouxakis-led bulker owner posts larger profits after a fourfold surge in revenue.
  • Nenaco nips in?
    Rumours link Philippines owner to bid to buy out Go family's troubled Sulpicio Lines.
  • OOIL spills
    Investors shed stock in Hong Kong owner after first-half profit slump and warning of more challenging times ahead.
  • Nexus inks LOI
    Filipino player could hand $800m to Anders Holm-led offshore owner for seven-year FPSO charter.
  • Precious gains
    Improved day-rates in higher dry-bulk market send second-quarter earnings up at Thai owner.
  • Erria in India
    Danish owner teaming up with domestic player SKS for multipurpose coastal venture.
  • Libya relents
    Tankers carrying oil for Switzerland once more after stoppage to protest arrest of leader Gadaffi's son Hannibal.
  • Rough seas
    Forty passengers left injured after P&O Cruises' Pacific Sun is hit by poor weather.
  • Drillship for DSME
    South Korean yard builds up offshore portfolio with $760m order from the US.
  • Kawasaki slows
    Japanese builder sees first-quarter profit cut by 33% as rising costs and strong yen impinge.
  • Six for Mariana
    Indonesian owner and shipbuilder clinches order for six vessels worth $24m.
  • Premium pair
    Hanjin Heavy books two boxships with high price paid for favourable delivery slots.
  • Iino on the up
    Japanese tanker and LPG carrier player sees earnings rise in first quarter, and expects continued profit over full year.
  • A little higher
    Japanese shipbuilder Sasebo edges up earnings in first quarter as revenues rise.
  • Heavy fall
    Strong yen and rising costs send first-quarter profit plunging at Mitsubishi Heavy Industries.
  • Bad start
    Japanese shipyard Sanoyas sees revenue shrink in first quarter, pushing it to a loss.
  • Nordic offloads
    Danish shipowner confirms the sale of its modern tanker to undisclosed interests.
  • Meiji deteriorates
    Japanese owner reports a substantial decline in first quarter profits and cuts forecast.
  • Costs bite at OOIL
    Interim profits decline 30% at Hong liner operator as overall expenditure increases.
  • Genco surges
    Peter Georgiopoulos bulker outfit sees second quarter profits more than quadruple.

American Shipperweb site
JULY 31, 2008
  • OOCL profit up 1.7%, but bunker costs prevent more gains
  • MOL realigns North American business
  • OSG America reports $4.9 million 2nd quarter profit
  • U.S. Shipping won't pay quarterly dividend
  • Lufthansa strike interrupts some cargo service
  • Delta sets up cargo team in France
  • House transportation chairman blasts Bush infrastructure proposal
  • BIS chief keeps "ambitious agenda" until end of administration
  • More WTO fallout sentiment floods in
  • APL, Con-Way add Guangzhou, Canadian cities to OceanGuaranteed
  • RILA urges product safety legislation to move quickly through Congress
  • Blake joins Ozburn-Hessey's Barthco division
  • Panalpina sees profits fall as revenue climbs
  • Mississippi River cleanup has temporary setback
  • Polish terminal boosts productivity to 10,000 TEUs a month

The Bunker Bulletinweb site
JULY 31, 2008
  • Global bunker market report
  • Scrubber maker upbeat despite Californian setback
    Hoping for ECA to replace local regulation, market 'looking good' in Europe.
  • Iran to cut fuel oil exports
    State oil company official confirms cutback as concerns grow about Asian fuel oil supplies.
  • South Korean refiners to cut fuel oil exports
    Supply tightening as biggest fuel oil producer SK Energy starts new RFCC unit.
  • Bunker prices firming in key Asian ports
    Singapore players say demand is 'below average'.
  • Rotterdam market firm
  • Singapore fuel oil stocks dip
    Inventories of residual fuels at six week low.
  • Rotterdam market very quiet
  • OOCL: High bunker costs 'offset' gains
    Says bunkers now represent 79% of voyage costs.
  • NYK voices concern over bunker costs
    Slow steaming and bunker surcharges are ways to tackle rising bunker bills.
  • Bunkering venture makes headway
    Malaysian firm buys stake in another to establish bunkering venture.
  • Singapore: New bunker IT system to improve services
    Port authority calls for proposals to develop BunkerNet system.
  • Tight Singapore market into August
    Squeezed by low cargo influx and reduced sales from suppliers amidst ongoing probe.

›››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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