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24 January 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
September 2, 2008
The Business Timesweb site
Shipping News
  • Indian shipbuilders gaining from spillover global orders
    THE Indian shipbuilding industry is upbeat due to the flow of new orders, with observers estimating a three- fold rise in orders in the past year-and-a-half.
  • Daewoo shares hit hardest as Korean yards skid
    Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipyard, slipped the most in more than a year in Seoul trading yesterday on concern a weaker won would increase hedging losses.
  • Billionaires' yacht rivalry spills into court
    Poised to skate across the waves off Anacortes, Washington, is a 90-foot, three-hulled wonder-yacht designed to crush its competitors in the next America's Cup. With a price tag of more than US$10 million, it was built for the racing team of Lawrence J Ellison, the billionaire who runs the Oracle Corp.
  • KL working to secure release of crews of hijacked tankers
  • Somali pirates a growing threat to shipping
  • China plans to beat own fastest train service record

Sched Netweb site
  • Evergreen Marine sees profits take a 35pc dive in Q2
  • Asian shipping giants take a slice of Euromax terminal
  • Da Chan Bay Terminal One holds business seminar
  • DP World doubles profits despite downturn, sees growth ahead
  • Grand Alliance adds Valencia call to EUM service
  • ICTSI's Argentine Tecplata CT to rival Uruguayan terminal
  • Record container handling productivity in Australia
  • DB Schenker Dubai joins with BAX Global
  • Oxygen system cylinder failure forced impromptu landing of Qantas jet
  • Air traffic in 'crisis', AAPA traffic falls in July
  • Hong Kong Airlines launches scheduled service to Harbin
  • China Express Airlines launches Chongqing-Xichang service

Exim Indiaweb site
  • Grand Alliance upgrades Med service (EUM) to add Valencia port
  • MSC to launch revamped North & Central Asia-Australia service
  • "K" Line to launch new feeder service between USEC & Amazon region in Brazil
  • CSCL launches service to Thailand & Vietnam
  • Zim's ZCS service adding Genoa call
  • Yang Ming Line launches new DUX2 service
  • Evergreen's NUE pendulum to drop Thamesport & LA on eastbound calls
  • Maersk Group's H1 profit swells by 40 pc to $ 2.4 billion
  • ..reduces calls at NZ's Port Chalmers
  • Maersk Group to buy Brostrom to augment tanker fleet by 100
  • New York's APM Terminals receives 4 ZPMC cranes
  • DP World forms JV to build box terminal in Vietnam
  • TSA's bunker surcharge to scale new peak this month
  • Fierce competition for shipping insurance pulls down premia rates
  • Tuscan Ventures takes strategic stake in Singapore-based RSI
  • Trans Asian Shipping deploys own vessel in IGX service
  • DP World more than doubles net in H1
  • Ennore Port plans dedicated car terminal
  • Railways bans loading of billets in containers
  • A record 9.22 million cellphone users added during July 2018
  • Software giants hope for continued US outsourcing support
  • Nath dubs Asean FTA cynics as 'ignorant'
  • Robust economic revival seen in 2009-10
  • Move to impose 51 pc EO on SEZ units dropped
  • Sugar exporters decry move to scrap interest rate subvention

International Transport Journalweb site
  • Reinecke & Associates augments team of logistics consultants
  • Azerbaijan to develop port facilities
  • Great Wall doubling US frequencies
  • USA: CN to purchase EJ&E railway
  • Wärtsilä chooses Ceva Logistics
  • 2008 Fiata World Congress, Vancouver (Canada), 23-26 September

Maritime Global Netweb site
SEPTEMBER 1, 2008
  • Another MISC ship hijacked
  • Exmar "cautious"
  • AET orders in Russia
  • Lindø to sell Loksa Shipyard

Marine Logweb site
SEPTEMBER 1, 2008
  • Brian Chang's take from YSRL share sale slashed
  • Lindø to sell Estonian yard
  • Gulf Shipyards suspend operations

Lloyd's Listweb site
SEPTEMBER 1, 2008
  • Guangzhou sets out three-way expansion plans
    GUANGZHOU Shipyard to expand in the markets of ro-ro, passenger and semi-submersible vessels.
  • Guanzhou Shipyard profit up 15%
  • Brokers reject newbuilding gloom report
    REPORT warning that $20bn worth of newbuilding contracts face cancellation seen as overly-bleak and ill-informed.

Fairplayweb site
SEPTEMBER 1, 2008
  • Markets react to Gustav threat
    ENERGY companies are surveying damage as the remnants of Hurricane Gustav move from Louisiana into Texas
  • Arab overseas farm investment urged
    ARID ARAB countries ought to transport food from African nations, reckons the GRC, a Dubai think tank
  • Iran to privatise ship register
    REGISTRATION of ships within Iran is to be privatised, the government's maritime agency has revealed
  • China to invest $3Bn in Iraq oil deal
    CNPC OF China has agreed to invest $3Bn in Iraqi oilfield production
  • Orders are on despite bankruptcy
    BANKRUPT Flekkefjord Slipp & Maskinfabrikk still intends to deliver two ordered newbuildings, clients Solstad Offshore and Simon M'kster have confirmed
  • Urgency rises in Mexico energy talks
    STEADILY dropping output from Mexico's largest oilfield has pushed its Congress to step up talks to repair an ailing Pemex ' but most still want to avoid any outside investment to spur exploration and production

Containerisation Internationalweb site
SEPTEMBER 1, 2008
  • New Orleans braced for Gustav
  • APM T adds cranes at New Jersey
  • Zumax to develop Albania box terminal
  • Forth ports H1: ports up 38% but land value slump hits profits
  • US-ANZ trade under FMC scrutiny

TradeWindsweb site
SEPTEMBER 1, 2008
  • Greek bulker safe
    Tugs soon to reach handymax Nena J which was reportedly in danger of grounding in storm off South Africa.
  • Chang's prize cut
    Yantai Raffles' founder loses out on $184m after terms of CIMC deal are redrawn.
  • Ferry crash
    P&O's European Endeavour has been taken out of Dover-Calais service after berth-bashing incident.
  • Solo Schiffahrt
    German shipowner ends OSM joint venture to go it alone in the offshore business with Willem Dekker at the helm.
  • UK death probe
    Inquiry into fatal accident on tanker at Exxon's Fawley refinery after hose-lifting beam collapses.
  • Yard on block
    AP Moller will sell its Loksa Shipyard in Estonia in a bid to cut costs.
  • 'More to fail'
    Flekkefjord Slip will not be the only shipyard casualty as costs and delays stack up.
  • Orders safe
    Bankruptcy of Flekkefjord Slip will not hurt two remaining newbuildings, owners say.
  • Triple jump
    Better day rates and larger fleet lead to three-fold profit increase for Hellenic Carriers in first half.
  • Yards tumble
    DSME heads the slide as falling won hits market value of South Korean shipbuilders.
  • Boxship re-floated
    Seaspan Container Lines vessel New Delhi Express freed shortly after grounding outside Karachi port.
  • MISC hit again
    Second tanker belonging to Malaysian owner hijacked as 'security corridor' appears less that secure.
  • KLC joins race
    Shipowner throws its hat into the ring as battle for control of DSME heats up.

The Scandinavian Shipping Gazetteweb site
SEPTEMBER 1, 2008
  • Seafarer killed in pirate attack
    A Filipino seafarer was killed when the chemical tanker Bunga Melati Dua was hijacked by armed pirates off the coast of Somalia recently. The vessel was carrying 32.000 tonnes of palm oil when it was attacked in the Gulf ...
  • Nordic Tankers reports loss and new strategy
    Nordic Tankers A/S reported a loss of USD 0.2 million for the first half of 2008 after a decline in the market for product tankers. However the all years result is expected to be of USD 22.4 ...
  • Maersk signs up for four VLCC's in Korea
    Maersk Tankers took a quick decision when the Korean shipyard STX shipyard offered a slot with six Very Large Crude Carriers (VLCC) for delivery in 2011 and 2012. The Danish giant signed up for four ships with option for another ...

The Bunker Bulletinweb site
SEPTEMBER 1, 2008
  • European fuel oil values slipping with crude
    Rotterdam market falls fast after steady to firm opening.
  • Marine transport 'set to grow'
    Report says technical innovations will boost the maritime sector.
  • Global bunker market report
  • Minoan blames bunker costs for H1 loss
    Company highlights 'enormous and continuous increase' in its fuel costs.
  • ARA - barges tight with some suppliers
  • Singapore prices holding above Hong Kong
    Regional rivals continue to undercut Singapore bunker market for 380 cst material.
  • New trader at O.W. Bunker South Africa
  • New employees at USTC companies
    Controller appointment for Bunker Holding in Denmark.
  • Titan ratings downgraded
    Weak performance in the first half leads to lower corporate and bond ratings by Moody's.
  • Indian refiner offers early-October cargo
    Saudi Aramco, meanwhile, offers a feedstock cargo for mid-September loading.
  • Ferry operator reports 'challenging' H1
    High fuel costs and restructuring programme see operational expenses rise in the first half.
  • Allegro wins recognition for software solutions
    Bunker management software among its range of software solutions.
  • Small profit rise for Sri Lanka's John Keells
    Earnings this year could be affected by a court ruling to reverse its purchase of a bunkering facility.

›››File
FROM THE HOME PAGE
Container traffic at the Port of Los Angeles grew by 19.3% last year
Los Angeles
In the fourth quarter alone the increase was +21.5%
HMM signs agreement with JNPA to collaborate on development of new Indian port at Vadhvan
Seoul
The port will have a container traffic capacity of 23.2 million TEUs
EU customs reform must make trade and business easier
Brussels
23 organizations underline this in a joint statement
Launch in Ancona of the luxury cruise ship Four Seasons I
Trieste
Fincantieri to deliver the unit to Four Seasons Yachts at the end of 2025
Launch event in Brussels of the European Maritime Skills Forum
Brussels
In 2024, the port of Tanger Med handled a record traffic of 10.2 million containers
Anjara
New peaks also in other business segments
South Korea's KSOE wins order to build 12 18,000 TEU containerships
Seoul
HD Hyundai Heavy Industries' turnover increased by +21.1% in 2024
Fire breaks out on the Rospo Mare B oil platform off the coast of Vasto
Rome
There were no injuries or traces of pollution in the sea
Galaxy Leader Sailors Freed
London
Today the 25 crew members left Yemen on board a plane
Contract with Russian company that managed Syrian port of Tartous terminated
Damascus
The agreement included investments of 500 million dollars
Brussels OKs DP World-Arcese Automotive Joint Venture
Brussels
Initially, the activity will be carried out in France and Poland
Royal Caribbean orders sixth Edge-class cruise ship at Chantiers de l'Atlantique
Miami/Saint Nazaire
It will be taken over in 2028
Louis E. Sola is the new chairman of the Federal Maritime Commission
In 2024, ship transits through the Suez Canal decreased by -50%
Ismailia
The total was about 13,200 units compared to over 26,400 in 2023
Uiltrasporti urges to restore measures to support rail freight transport
Rome
Definitive cancellation of the 65 million fund from the Budget Law
The Trump unknown also weighs on the Panama Canal
Washington
While the tycoon dreams of taking it over with weapons in hand, a bill proposes to start negotiations with the Panamanian government
FSG bankruptcy trustees announce interest from multiple investors in shipbuilding group
Rendsburg/Flensburg
These are German companies operating in the same sector
Port of Long Beach closes 2024 with new annual, half-year and quarterly container traffic records
Long Beach
Total freight traffic also reached a new historical peak during the year.
The Biden administration's latest move is to accuse China of seeking dominance in the maritime, logistics and shipbuilding sectors
Washington/Beijing
Harsh reaction from Beijing's Ministry of Commerce and the China Shipyards Association
The AdSP of the Central Tyrrhenian Sea confirms the commitments made towards its employees
Naples
The organization hopes "that a climate of relaxation can be restored"
Uniport, exemption from compulsory insurance for vehicles used in port terminals is a good thing
Rome
Hanoi government authorizes initial investment for new port planned by MSC and VMC
Hanoi
Vietnam Port Development Plan to 2030 Approved
Filt, Fit and Uilt announce a resumption of the strike of the workers of the AdSP of the Central Tyrrhenian Sea
Naples
New protest action scheduled to start on February 3rd
Annual container traffic at PSA port terminals exceeds 100 million TEU for the first time
Singapore
Record in both Singapore and overseas terminals
Confitarma calls for the urgent reinstatement of the rule on simplified recruitment of seafarers
Rome
Sisto: Simplification has proven to be an important step forward for the sector
Sharp drop of -17.1% in freight traffic in the port of Taranto in 2024
Taranto
In the last quarter alone the decline was -3.0%
Container traffic in Hong Kong port decreased by -4.9% in 2024
Hong Kong
In the fourth quarter alone, 3.5 million TEUs were handled (-2.7%)
New NATO mission to strengthen protection of undersea infrastructure in the Baltic Sea
Mons
The use of a small fleet of naval drones is also planned
In 2024, the port terminals of China's CMPort handled a record container traffic
Hong Kong
The total was 146.3 million TEU (+6.4%)
Yang Ming also renews service between Western Mediterranean and US East Coast
Keelung
In Italy stopovers in Salerno, La Spezia, Genoa and Vado Ligure
Twelve associations call for agreeing on measures to improve rail capacity management in the EU
Brussels
Genoa Port Terminal, green light for provisional concession until next June 30
Genoa
The Management Committee of the Western Ligurian Sea Port Authority has unanimously decided this
In 2024, passenger traffic managed in Genoa by Stazioni Marittime decreased by -4.4%
Genoa
Ferries stable and cruises down -9.8%. Cruise activity expected to increase in 2025
CMA CGM to remove Livorno calls from Amerigo service, replacing them with calls at Salerno
Marseille
New configuration in line with that of the Ocean Alliance partners
From April, Ocean Alliance ships will call at seven Italian ports, four of which will be visited only by COSCO/OOCL
Shanghai/Hong Kong/Taipei/Marseille
Salerno will enter and Livorno will exit the new configuration of the containerized maritime services network
Leonidsport (Louis-Dreyfus family) submits offer to acquire 21% of Thessaloniki Port Authority
Athens
The expected investment is up to approximately 57 million euros
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
The unions confirm the three-day strike of the workers of the AdSP of the Central Tyrrhenian Sea
Naples
The protest action is scheduled for January 31, February 3 and 4.
Rolls-Royce wins record contract for Royal Navy submarine fleet
London
Eight-year, £9bn contract
Transported, the DURC in road transport is used to avoid paying for services
Rome
The rules - the association denounces - are openly violated by the clients
Kombiverkehr restores rail link between Lübeck port and Verona
Frankfurt am Main
Schedule two departures per week in both directions
AD Ports signs deal to build logistics park at Alexandria Port
Cairo
The business will be developed with the Holding Company for Maritime and Land Transport
The Panama Canal is and will continue to be Panamanian
Davos
This was underlined by the president of the Central American nation, José Raúl Mulino
Autamarocchi acquires control of Dissegna Logistics
Trieste
The Rossano Veneto company operates in the intermodal transport sector
Rubboli (Assologistica): Italian ports need more efficient and coordinated governance
Milan
Port of Ravenna, incentives for the purchase of "green" port vehicles
Ravenna
Maximum ceiling of 300,000 euros for each beneficiary
20% of Omani Asyad Shipping Company's capital up for sale
Muscat
Listing on Muscat Stock Exchange expected
Order to Circle for the management of data relating to rail and intermodal traffic of a port
Milan
ANSFISA adopts guidelines for the assessment and risk management of the rail transport of dangerous goods
Rome
Over 217 kilos of cocaine seized in the port of Livorno
Leghorn
They were hidden in a container containing wood from South America
Merlo leaves the presidency of Federlogistica to Davide Falteri
Rome
Logistics - he underlined - is one of the drivers of the national economic system
Germany is studying a network of floating terminals for the import of clean hydrogen
Berlin
Memorandum of understanding signed by SEFE and Höegh Evi
The executive design service for the reclamation of the Molo Italia seabed in La Spezia has been awarded
The Spice
Fratelli Cosulich orders fourth methanol-ready unit
Genoa
It will be built by Taizhou Maple Leaf Shipbuilding
In Spain, a logistics network for rail transport of biofuel to ports is being studied
Madrid
Agreement between Adif and the Exolum Group
MSC Interested in Starting Shipbuilding and Repair Business in India
Gurgaon
Comparison with the naval engineering company Swan Defence And Heavy Industries
Luka Koper has ordered four new rubber-tyred gantry cranes from Konecranes
Coper
They will be the first vehicles powered exclusively by electricity at the Slovenian airport
LNG and bio-LNG bunkering vessel arriving at the port of Genoa
Genoa
It will be able to provide both "ship-to-ship" and "ship-to-truck" services
Last year, cargo traffic in Russian ports decreased by -2.3%
St. Petersburg
The largest volume of cargo, exports, fell by -1.9%
Höegh Autoliners secures two multi-year contracts for car transport
Oslo
Agreements with two car manufacturers with which it has been collaborating for years
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Malta sees record cruise traffic in 2024
Florian
357 ships docked for a total of over 940 thousand passengers
Cavotec to provide electrification systems and technologies for Italian ports
Lugano
Three orders worth a total of seven million euros acquired
Pirate attacks on ships decreased by -3% last year
London
In the last quarter, an increase of +76% was recorded
COSCO Shipping Ports Sets New Annual and Quarterly Container Traffic Records
Hong Kong
In the whole of 2024, 111.9 million TEUs were handled (+5.7%)
Alberto Maestrini (VARD) elected President of SEA Europe
Brussels
The association represents the European shipbuilding industry
Molo Brin areas in Olbia handed over to Quay Royal
Construction of a marina for mega yachts is planned
Port of Singapore Sets New Container and Non-Oil Bulk Records in 2024
Singapore
The Asian port handled a total of 622.7 million tonnes of goods (+5.2%)
The Italian Maritime Academy Technologies has acquired a new technical headquarters
Castel Volturno
Includes a 37-meter, 100-ton command bridge with 1:1 scale operating environments
A huge load of 110 kilograms of cocaine seized in the port of Gioia Tauro
Reggio Calabria
If placed on the market, it could have earned criminal organizations 20 million euros
Unifeeder triples its market share of intra-Mediterranean container services
Dubai
Fincantieri Completes Acquisition of Leonardo's Underwater UAS Business
Trieste
The 287 million euro fixed component of the purchase price was paid today
Wallenius Wilhelmsen to operate ro-ro terminal at Port of Gothenburg
Oslo/Gothenburg
12-year concession contract
The Bulgarian Shipowners' Association has joined the European Community Shipowners' Associations
Brussels
BSA is the twenty-second member of the European Shipowners' Association
Strike by Central Tyrrhenian Sea Port Authority staff suspended
Naples
The meeting between the unions and the general secretary of the port authority was a success
Mercitalia Rail begins rail transport from Reggio Calabria of trains for the Milan Metro
Reggio Calabria
They are approximately 106 metres long and weigh over 180 tonnes.
PSA Venice - Vecon achieves gender equality certification
Genoa
It is the first Italian container terminal to obtain the certification
Maria Teresa Di Matteo, head of the Department for Transport and Navigation, has passed away
Rome/Gioia Tauro
Mattioli: it was an important point of reference for the entire Italian maritime cluster
Green logistics, the Northern Tyrrhenian Sea Port Authority extends the deadline for the tender
Leghorn
It awards non-repayable grants up to a maximum amount of 300,000 euros
Medcenter Container Terminal orders 20 new hybrid struddle carriers from Kalmar
Helsinki
They will be delivered within the first quarter of 2026
The intermodal service connecting the Italian terminal of Melzo with the Dutch one of Moerdijk has started
Melzo
Three weekly circulations operated, which will increase to four from April
COSCO expects to close 2024 with +95% growth in net profit
Shanghai
EBIT expected at 69.9 billion yuan (+90.7%)
Catania-based F.lli Di Martino has acquired 160 new loading units produced by Piedmont-based SICOM
Cherasco
This year the Cherasco company celebrates 50 years since its foundation
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
Kuwait approves Chinese company for port operations
(AGBI - Arabian Gulf Business Insight)
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Uiltrasporti Campania accuses the heads of the AdSP of the Central Tyrrhenian Sea of having assumed a provocative and totally closed attitude
Naples
Attempt - the union denounces - to downplay the real reasons for the strike
Medlog signs partnership agreement to build dry port and logistics area in Egypt
Cairo
The affected area is approximately 102 hectares
In the last quarter of 2024, OOCL revenues grew by +55.0%
Hong Kong
Containers transported by the fleet increased by +6.1%
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
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
Commander Emanuele Bergamini is the new president of USCLAC
Genoa
Gianni Badino was elected president of the USCLAC-UNCDiM-SMACD unitary union
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