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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
15:14 GMT+1
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BRIEFS
March 6, 2008
The Business Timesweb site
Shipping News
  • Iron ore demand drives up Baltic Dry Index
    The Baltic Dry Index, a measure of shipping costs for commodities, climbed for a fourth consecutive day on demand for vessels to haul coal and iron ore.
  • China Cosco expects up to 60b yuan asset injection
    China Cosco Holdings, the world's largest bulk-ship operator, expects to get as much as 60 billion yuan (S$11.7 billion) of assets from its state-controlled parent, said vice- chairman Zhang Fusheng.
  • TUI-NOL merger talks near collapse: report
    Talks over a tie-up between Germany's TUI AG , owner of container shipper Hapag-Lloyd, and Singapore's Neptune Orient Lines (NOL) have nearly collapsed, the Asian Wall Street Journal reported yesterday, citing two sources familiar with the deal.
  • Orient Overseas H2 profit rises 10%

Sched Netweb site
  • OOCL revenue rises 22pc to US$5.6 billion, operational profit up 29pc
  • Shanghai's certified 'green ships' skip inspections, win priority treatment
  • Yunnan to have four railways to southeast Asia
  • Chongqing files application for bonded port area status
  • Germanischer Lloyd launch Container Terminal standards and audit system
  • K + N takes over operation of Beiersdorf's Hamburg logistics hub
  • Aker Yards posts hefty loss despite high ship orders, CEO resigns
  • Nepal installs Chinese air cargo inspection system in Kathmandu
  • National Air Cargo executives plea bargain to avoid jail in false billing case
  • Volga-Dnepr's ABC takes delivery of seventh Boeing 747 freighter

Maritime Global Netweb site
MARCH 5, 2008
  • IRISL vessels in political spotlight
  • Eitzen sells old timer
  • Owners "not convinced" by ISU
  • NSA's new president

Marine Logweb site
MARCH 5, 2008
  • Japanese shipbuilding merger in works?
  • K-Sea GP Holdings LP plans IPO
  • Guido Perla inks auto ferry design contract
  • Keppel FELS wins PetroVietnam jackup order

World Wide Shipperweb site
MARCH 5, 2008
  • New crane arrives at Port of Everett facility
  • Hanjin takes delivery of new 4,300teu vessel
  • US train accidents drop for third year running
  • AAPA taps Robert Byrd as 'Port Person of the Year'
  • Past District 13 Commander Rear Admiral David Spade dies

Lloyd's Listweb site
MARCH 5, 2008
  • Yards face cancellation crisis from credit fallout
    CONFERENCE told second and third tier Korean and Indian owners likely to withdraw vessel orders.
  • Banks say no
  • Sea World orders chemical tanker series at SPP
    TANKER arm of Greece's J. Laliotis group inks deal for up to six advanced medium range product/chemical carriers.
  • Tough talks ahead as ILWU seeks new deal
    DOCKWORKERS set to negotiate new labour contract amid warnings talks "will not be a walk in the park."
  • Gavio Group outlines big plans for Italy's ports
    THE Italian motorway, trucking and logistics heavyweight diversifies into port investment.
  • Don't ignore the numbers
    EUROPEAN shipbuilding is becoming increasingly aware of its own mortality.

Fairplayweb site
MARCH 5, 2008
  • Have your say!
    US Coast Guard Commandant Thad Allen has ordered everyone connected with the service to show more respect to merchant mariners
  • Deutsche promises more ship cash
    DEUTSCHE Bank, largely unscathed by the surge in sub-prime losses, is forging ahead with the expansion of its ship lending business despite the liquidity squeeze in the inter-banking markets
  • Humiliated Requiaos call 3rd tender
    DESPITE setting in progress a plan to set up its own dredging company ' to be called Companhia Dragagem de Paranaense (CDP) ' the Paranagua port authority is issuing another dredging tender on 10 March
  • Grieg elected new president of NSA
    ELISABETH Grieg was elected as new president of the Norwegian Shipowners' Association (NSA) at its AGM today
  • ITC shares traded from Friday
    TRADING in the shares of Independent Tankers Corporation (ITC), the latest spin-off from Frontline, will start on the OTC market in Oslo on Friday 7 March
  • K-Sea plots new IPO
    JONES Act tank barge and tugboat operator K-Sea is planning an initial public offering of up to $100M in common units, despite current pressures on public markets
  • Intelligence must fight romance
  • USCG boss urges seafarer respect
  • Crime link in Rezzak disappearance?
  • Evergreen starts Med feeder service
  • Tonnage cut doubles Aboitiz profit
  • No more ships till rates rise: OOCL
  • US Customs: 100% scanning by 2012
  • OOIL nets terminal bonanza
  • Hyundai Samho likely to list

The Journal of Commerceweb site
MARCH 5, 2008
  • LA port clean-air plan now a power struggle
    Clean Air Action Plan now has more to do now with lawsuits, ruthless politics and union organizing than it does about reducing emissions at the port.
  • Hapag-Lloyd, Mediterranean Shipping impose inland surcharges
  • MSC names trans-Pac services
  • Con-ro order for CMA CGM
  • Jaxport revenue mark
  • OOIL box profits up
  • Portland crane sets sail
  • China to rein in inflation
  • Export ABCs: Payment terms
  • Customs seizes $67 million worth of smuggled apparel
  • OECD urges quick action on climate change

Containerisation Internationalweb site
MARCH 5, 2008
  • Status Quo for UK light dues on eve of coastguard strike
  • Extra ordinaries fuel OOIL's 2007 result
  • EWS signals new Duisburg ' Manchester shuttle train
  • DSV impresses with 25% jump in profit
  • World Shipping Council in support of '10 plus 2' proposal

TradeWindsweb site
MARCH 5, 2008
  • Royal outlook
    Royal Caribbean sees brighter first quarter as it raises its forecast to between $0.30 and $0.35 in earnings per share.
  • Bill calls for double hulls
    Leading US lawmaker on transportation introduces a bill seeking double-hull bunker tanks.
  • Log-In profits climbing
    Brazilian container logistics company and coastal boxship operator sees 11% growth in fourth-quarter profit and sees full-year results soar.
  • Petrobras' FPSO pains
    Brazilian oil and gas major shells out $616m payout to avoid FSO and FPSO conversion delays, and the company raises doubts that the funds will be reimbursed amid a legal battle.
  • MCA fears over strikes
    UK agency head warns on safety being compromised and damage to reputation.
  • K-Sea floats IPO
    US tank-barge operator's parent, K-Sea GP Holdings, reveals plans to launch a $100m initial public offering.
  • Ficus floats
    Shell-chartererd tanker on its way for underwater inspection after successful re-floating off Bahamas.
  • Norway's first lady
    Elisabeth Grieg "humbled" to become first woman to take presidency of Norwegian Shipowners' Association.
  • DB comes through crunch
    Deutsche Bank's ship finance arm grows profit in 2007 despite credit crisis.
  • Ship sinks, one dead off Japan
    Search on for three Filipino crew of Korean vessel which sank after colliding with two other ships.
  • CMA CGM confirms con-ros
    As mooted Hyundai Mipo bags order for quartet of container/ro-ros for French box giant.
  • Owner rapped over collision
    UK tells France's Transmanche to ensure full training in ship handling after ferry accident in Newhaven.
  • OOIL slides
    Hong Kong-listed boxship player sees stock fall after it opted not to repeat special dividend payment.
  • Fredriksen seeks TUI seat
    Tanker tycoon looking to boost his influence at German group amid reports merger talks with NOL have stumbled.
  • Chemical scare on Kiwi ferry
    Emergency services alerted to spill of phosphate from rail wagon on Toll's Aratere.
  • Daewoo yards ahead
    Increased orders for high-priced vessels push net profit up almost 450% at DSME.
  • Aker goes to arbitration
    Row with Kleven Maritime over sale of Floro shipyard could be settled this summer.
  • Palmali circles Volgotanker
    Turkish owner sets aside cash to snap up chunk of bankrupt Russian rival's fleet.
  • STX eyes prize year
    Korean shipbuilder aiming for over $3bn in sales this year as net profit soars in 2007.
  • Napoli inquiry opens
    Local council to consider issues of refuge for ships and public disorder following boxship beaching in 2007.
  • More for China Cosco
    Parent Cosco could transfer another $8.44bn of assets to listed boxship and bulker unit.
  • Zlomrex tipped for victory
    Steel distributor the likely winner of battle to buy Polish shipbuilder Gdynia.

American Shipperweb site
MARCH 5, 2008
  • OOCL profits up 29.3%, Tung says carriers acted more responsibly in 2007
  • Aker Yards CEO goes after worst 4th quarter
  • Thailand delays closing state line over corruption allegations
  • CMA CGM orders con-ros for Delmas
  • Cathay reaches record profit, cargo grows 10% in slow market
  • Jade Cargo marketing partnership transfers from Swiss to Lufthansa
  • UPS testing electric truck for London
  • Study quantifies public benefits of inland barge transport
  • Tribunal offers mixed decision on Canadian softwood lumber dispute
  • Deutsche Post to split logistics unit
  • CEVA's pro forma earnings up 56% in 2007
  • Chiquita to source bananas from Africa
  • Agility sets up Poland subsidiary
  • DSV profit jumps 55% in 2007
  • AAPA honors Sen. Byrd

The Scandinavian Shipping Gazetteweb site
MARCH 5, 2008
  • Elisabeth Grieg new NSA president
    The Norwegian Shipowners' Association (NSA) Annual General Meeting has elected Elisabeth Grieg, the Chief Executive of Grieg International AS, as the Association's new President. Grieg (48) was proposed unanimously by the election committee and succeeds Trygve Seglem of Knutsen OAS ...
  • Greece courts London Greeks
    George Voulgarakis has, as the first Greek minister of shipping ever, visited the London-based organisations Union of Greek Shipowners and Greek Shipping Cooperation Committee. He brought with him a message from the Greek government, which has the ambition to ...
  • Oil price shoots through the roof
    This week, the crude oil price passed the USD 100 per barrel mark in the futures trading at NYMEX in New York, and a record-high price of almost USD 104 was quoted on Monday. The price hike was not ...

The Bunker Bulletinweb site
MARCH 5, 2008
  • CMF makes the change to 0.1% sulphur MGO
  • Market firmer as US crude stocks dip
    Crude rally continues on OPEC decision and unexpected inventory decline.
  • Heavy fuel oil flow to East Asia continues
    April cargo volumes at 12-month high but players warn of 'shortage of quality'.
  • Bunker market report from Praxis
  • No change from OPEC
    Oil prices up after OPEC officials say group will maintain output.
  • Training programme tackles bunker recruitment shortages
    O.W. Bunker says international programme is 'first of its kind' in the bunker sector.
  • Rotterdam market quiet
  • New tanker for Fujairah player
    Second of eight newbuilds on order for Middle East firm has begun operations in Fujairah.
  • Europe still willing to work through IMO
    European Commission source says environment ministers will wait to see what IMO decides before considering their own emissions reduction plan.
  • Maersk calls for urgent measures to tackle bunker costs
    A 'fair formula' needed in passing increased costs on to shippers.
  • Japan bunkers reach new peak
    Persistent product and barge tightness pushing prices up.
  • Four more newbuildings for Aegean
    Latest deal will bring Aegean's double-hull bunkering fleet to 44.

›››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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