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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
01:26 GMT+1
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BRIEFS
October 7, 2008
The Business Timesweb site
Shipping News
  • Credit curbs hit weak shippers and shipyards
    Access to credit is the lifeblood of maritime trade and the credit crunch has largely cut off that supply, threatening to weed out weaker shippers and shipyards, as well as hamper global trade.
  • Muslim crew of hijacked ships allowed to fast, pray
    Somali pirates pointed guns habitually at Malaysian and Filipino tanker crew members held captive for weeks, but allowed Muslim hostages to fast and pray to observe the holy month of Ramadan, news reports said on Sunday.
  • Daewoo falls on reported delay
    Daewoo Shipbuilding & Marine Engineering Co dropped to the lowest in 20 months in Seoul trading on concerns that the sale of a controlling stake in the world's third-largest shipbuilder may be postponed.
  • Seaspan may tap debt facility to buy ships

Sched Netweb site
  • Four Asian nations join in Sea or Japan liner service
  • NYK president: Group must brace for leaner times
  • Big box terminal on Sino-Russo-Mongol border at Manzhouli
  • Fears mount Hebei Spirit master, CO unjustly treated
  • Manila's ICTSI to develop, operate Brunei container port
  • TAMP approves 10pc tariff hike at Mumbai's Nehru terminal
  • Tank ship pirates divided on what to do with surprise booty
  • Former BA exec to be jailed eight months for price-fixing
  • Aeroflot Cargo launches Moscow-Istanbul service
  • AiRUnion halts payments as St Petersburg Bank wobbles

Exim Indiaweb site
  • Five leading shipping lines team up for North-East Asia-Oz trade
  • Asia-Europe rates plunge to record lows
  • Hamburg investors outbid NOL for Hapag-Lloyd
  • Credit crunch now threatening shipping players
  • TUI expects Hapag-Lloyd decision by next week
  • Ms Louise Angel becomes 1st female master to take command of a Safmarine vessel
  • MISC undaunted by piracy
  • Asia-Europe cargo volumes continue to surge
  • Maersk Line ups BAF on Med-Australia, hikes rate to NZ
  • APM Terminals takes larger piece of S. Asia Gateway Terminals pie
  • Indonesian ports hike handling charges
  • California box tax bill 'terminated'
  • AADA reduces bunker surcharge from HK-China to Australia
  • Indian shipping companies spot silvery streaks in gathering gloom
  • SCI weighs bids for purchase of 4 Capesize ships
  • Footprints in the sands of India Shipping Summit 2008
  • 3-day Seatrade Middle East Maritime expo in Dec. to focus on fuel, emissions & 'green' technology
  • Teesport & NGCT offer more ideal options of doing biz with UK
  • Sharp surge in sensitive items' imports
  • 4-fold rise in exports to Korea
  • Entire Bolshoi stage scenery airlifted from Moscow to HK!
  • Sahil Freight Express Pvt. Ltd. reaches out for more project cargo biz in US
  • KART consolidating S-E Asia trucking network
  • NTPC gets wise to cost-effective coal transport
  • Trade deficit swells to $ 14 billion in August 2008
  • MSMEs hit by appreciating rupee, says Fieo official
  • Dumping of nylon tyrecord fabric comes under scrutiny

International Transport Journalweb site
OCTOBER 6, 2008
  • Clasquin transferring to Port of Rotterdam Iinternational
  • Grimaldi Group launches mandatory offer for Minoan Lines shares
  • Good progress on BA-Iberia talks
  • CargoLine consolidates partner network in Southern Europe
  • Gefco planning to expand in Eastern Europe
  • Pack & Move in Basel, 18-21 November

Marine Logweb site
OCTOBER 6, 2008
  • MSC charters sail-assisted cargo ship
  • Senesco faces hefty EPA penalty
  • Whistle blowers collect in STX Pan Ocean dumping case
  • $15 million Ike clean-up contracts for Clough

World Wide Shipperweb site
OCTOBER 6, 2008
  • APL celebration marks line's 160th anniversary
  • Evergreen Line joining Asia/Australia services
  • Portland Shipping Club announces Haunted Pizza Night
  • Port Metro Vancouver aids Delta in purchase of Ladner Harbor property
  • NASSCO lays keel for ninth T-AKE vessel

Lloyd's Listweb site
OCTOBER 6, 2008
  • EU launches naval escorts in Gulf of Aden
    MILITARY-led convoys of merchant vessels will begin this week, says European Union's piracy chief.
  • Underwriters in muddle over piracy cover
  • Economou in $1.2bn fleet expansion move
    GEORGE Economou stuns market with deals for nine capesizes and two drillships.
  • Conti sees no sign of shipping crisis
    KG financing house says getting loans for newbuilding projects will not be easy but remains bullish about industry's future.

Fairplayweb site
OCTOBER 6, 2008
  • Economou makes a $3Bn move
    DRYSHIPS is making Capesize and drill ship acquisitions that are worth almost $3Bn and involve sellers tied to DryShips chairman George Economou
  • Royal Carib to sell Island stake
    ROYAL Caribbean will sell its 50% share of UK-based Island Cruises to its long-time partner in the venture, First Choice Holidays
  • Captain blamed in dredger deaths
    GEORGIAN sea transport officials blamed the captain today for the sinking of a Ukrainian dredger, in which he and two others drowned
  • Banks not lending: Economou
    DRYSHIPS chairman George Economou believes drybulk fundamentals remain sound and that rates will rebound, but he expressed concerns on bank financing
  • STX fined for illegal dumping
    STX PAN Ocean has agreed to pay $750,000 to US authorities after pleading guilty over illegal garbage dumping from the South Korea-flagged bulker Pan Voyager
  • Brazil stocks dive 9.25%
    BRAZIL'S stock exchange, the Bovespa, fell 9.25% today, with shipping companies taking a nasty whack
  • Cape valuations questioned in deal
    DRYSHIPS chairman George Economou has answered critics regarding the high valuation of Capesizes being acquired from related private party Cardiff

The Journal of Commerceweb site
OCTOBER 6, 2008
  • ILWU members approve new contract
    New six-year contract calls for total wage increase of about 16 percent over life of contract.
  • 3PL CEO survey sees modest growth prospects
  • Ocean lines likely to trim capacity after slack season
  • TUI should postpone Hapag-Lloyd sale: Fredericksen
  • Galveston port recovering
  • Baltimore seeks partner to expand Seagirt terminal
  • UP in Tacoma lease
  • Evergreen, Yang Ming, Chen Lie start intra-Asia loop
  • Pacer unifies brand
  • ProLogis buys Europe DCs
  • Maersk names box ship

Containerisation Internationalweb site
OCTOBER 6, 2008
  • 50,000 up at PLP
  • CKYH chops Asia Med EMX
  • Stocks and oil tumble
  • Taiwan ocean carriers team up for new China/Philippines/Indonesia service
  • Agility continues China expansion with new acquisition

TradeWindsweb site
OCTOBER 6, 2008
  • Price defended
    Analysts question price tag on nine capsizes in latest DryShips deal, but Economou says asset values should hold.
  • George buys big
    Economou's DryShips takes nine capes and two drillships in cash plus shares deal.
  • Wages of virtue
    Two Filipino crewmen to share $250,000 reward for blowing whistle on dumping this oily waste.
  • Dramatic plunge
    Shipping and offshore stocks begin the week in a steep freefall as US markets plummet in a sell off.
  • Boycott threat
    National Union of Seafarers of India threatening action if Stolt Valor hostage crisis continues.
  • Dredger sinks
    Two crew dead and captain missing after storm warnings ignored by Ukrainian ship in Black Sea.
  • Cash in hand
    With the launch of a new fund, Connecticut's Northern Navigation is trumpeting new liquidity for shipping and offshore deals.
  • Call to action
    US environmental group issues report seeking IMO action over shipping industry emissions.
  • Seanergy swaps
    Panagiotis and Simon Zafe-led outfit heading from the NYSE to the Nasdaq to boost liquidity and profile.
  • Spill hits Miss
    US authorities are investigating an oil spill on the Mississippi River after reports of a bunker discharge from a bulker.
  • Stena cuts back
    Stena Nordica pulled from Sweden-Poland route as passenger numbers fall and bunker prices rise.
  • Moving for Minoan
    Italian ferry group Grimaldi launches EUR 250m mandatory offer for Crete-based player's shares.
  • Spanish practices?
    Madrid based chemical carrier owner facing US 'magic pipe' pollution prosecution.
  • Tough fight
    UK accident probe highlights problems that made thermal oil fire on board Irish Ferries ship a real battle to extinguish.
  • Java upgrade
    Taiwanese trio Evergreen, Yang Ming and Cheng Lie launch new China to Philippines/Indonesia boxship run.
  • No bailout boost
    European shipping stocks hit hard as pessimistic outlook overshadows US injection.
  • Marinette mourns
    US shipbuilder to lay off workers after missing out on $1.5bn USCG order.
  • Walking on water
    Clough bags $15m double deal in Gulf of Mexico for Solstad-owned offshore unit.
  • DSME sale stinker
    Shipyard's stock slumps 15% on fears top shareholders will pull plug on sale.
  • Courage buys
    Singapore-listed shipowner is new owner of elderly Excel Maritime Carriers handymax bulker.
  • Costly dumping
    STX fined $750,000 in US after crew on a bulker chucked oil-contaminated rubbish into the Pacific.
  • Out of order
    Newbuilding contracts to fall by a quarter over the next year following financial chaos, bank warns.
  • ASL bags a pair
    Singapore shipbuilder wins newbuilding and fabrication work worth about $70m.
  • Bulk for BLRT
    Estonian shipbuilder orders eight bulkers at its Lithuanian yard for operation by joint venture with UMM.
  • Phividec back on
    Construction work to begin again on Hanjin's $2bn second Philippines yard after land dispute solved.
  • Testing, testing...
    Korean ferry set for trial run on route linking Niigata in Japan with Troitsa in Russia.

American Shipperweb site
OCTOBER 6, 2008
  • DryShips plans bulker, drill ship purchases
  • Grimaldi purchases stake in Greek ferry operator
  • MarAd unveils information system
  • Evergreen Maritime Museum opens in Taiwan
  • Maersk names new containership
  • Ship owner, operator indicted in pollution case
  • Sandberg appointed head of SAS Cargo's global sales
  • New trans-Asia rail service to start after Chinese New Year
  • Saia reduces workforce citing lower than normal volume
  • Ashton to EU trade commissioner as Mandelson moves back to cabinet
  • U.S. to strengthen trade ties with Georgia at Oct. 26-28 meetings
  • AAFA lauds extension of Andean trade pact
  • Illinois chemical shipper settles $115,000 export penalty
  • Purolator USA appoints Schwoerer to head N.Y. regional office
  • L.A. port approves major terminal construction contract
  • Marseille, Mumbai ports sign cooperative pact
  • CBP installs 5 radiation monitors at Port of Mobile

The Scandinavian Shipping Gazetteweb site
OCTOBER 6, 2008
  • Stena Nordica stops sailing on the route Karlskrona-Gdynia
    Stena Line has decided to take Stena Nordica out of traffic on the route Karlskrona-Gdynia. October 19 will be the last day for the ro-pax-ferry on the route. The reasons are few passengers and increasing fuel prices ...
  • Marin Teknikk AS to design two offshore-vessels
    The Norwegian company Marin Teknikk AS has made an agreement with an undisclosed Norwegian shipping company and with the Indonesian shipyard Batamec of designing two offshore-vessels of the type MT 6022 XL, according to the Norwegian newspaper Heroynytt. This ...
  • Wilson buys two vessels for NOK 39 million
    Norwegian shipping company Wilson buys the two vessels Wilson Gijon and Wilson Gdynia for NOK 39 million. The vessels are now owned by Caiano AS, that is the largest shareholder in Wilson ASA. The two ships are built in 1993 ...

The Bunker Bulletinweb site
OCTOBER 6, 2008
  • Revised MARPOL Annex VI implementation delayed
    Unanimous approval of Japanese IMO submission suggesting later entry into force.
  • Bunker spill on the Mississippi
    Operator reported to have overfilled its tanks.
  • Russian fuel oil exports down almost 10%
    Russian inland domestic demand is putting pressure on exports
  • Global bunker market report
  • Bunker spill in Peru
    Cracked pipe blamed for leak at Callao.
  • Asian bunker prices plunging
    Reports say buyers are waiting for prices to fall still further.
  • ARA - Many suppliers fully booked this week
  • New storage tanks for Colombo
    SPLA says port's bunker suppliers have agreed to invest in upgrade.
  • Matrix Marine appoints new manager
  • Indian refiner to sell bonded 380 cst in JNPT
    Bonded bunker grade to be available as bunker demand is anticipated to rise.

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
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.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
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
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
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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