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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:47 GMT+1
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BRIEFS
August 8, 2008
The Business Timesweb site
Shipping News
  • ST Marine bags $20-25m ship maintenance contract
    SINGAPORE Technologies Engineering unit ST Marine yesterday announced that it had secured a $20 million to $25 million contract for fleet maintenance and drydocking for 15 tankers for a period of 16 months from a repeat customer beginning from September. Separately, Drydocks World (Southeast Asia) also announced the delivery of a UT780 anchor handling tug supply (AHTS) vessel to Abu Dhabi-based ESNAAD/ADNOC group.
  • SCI given greater financial autonomy
    INDIA'S Federal Ministry of Industry and Public Enterprises has granted greater financial autonomy to the state-owned Shipping Corporation of India (SCI).
  • Shipping fuel cost soars 87% on high oil prices
    Rising oil prices globally have increased shipping companies' fuel cost by about 87 per cent from a year ago, Malaysia's Business Times reported, quoting Malaysia Shipowners' Association (Masa).

Sched Netweb site
  • APL's boxes one bright spot in 19pc NOL profit decline
  • Beijing moves promote long-neglected garment industry
  • One-day general strike cripples transport in South Africa
  • CSCL removes capacity from transpacific AAC loop
  • Container gas testing stockpiles boxes at Canada's ports
  • Danaos profit up 16pc while transpacific growth slips 2-3pc
  • MSC to use larger ships on Europe-South Africa service
  • Pacific Basin Shipping first half profit surges 107pc
  • IMO ship garbage rules take effect in Gulf, off South Africa
  • Japan to help finance upgrade of Trans-Siberian Railway
  • Cathay first loss in five years blamed on skyrocketing fuel
  • United Airlines reports weaker results for July
  • DHL Wilmington's 8,000 job losses not expected until 2009
  • Asian Aerospace meet expects 900 suppliers in HK September 7

Exim Indiaweb site
  • TCI shopping for ships with Rs 200 cr. in pocket
  • UASC takes delivery & christens 6th A7 ship of 6,919-TEU capacity
  • Coffee exports get incentives to grow
  • Stamp duty collection made simpler
  • HC hears case for merger of 2 national air carriers
  • Rs 2,35,690 cr. needed for highway projects-Baalu
  • EPCG licence holders now have to pay full duty for sale of imported capital goods in DTA
  • US slowdown may reach India, fears Tata
  • Ficci Task Force wants NBFCs treated on par with banks
  • Export ban on non-Basmati rice stays till Nov. 1
  • Meeting with Japanese leader at IMC today

International Transport Journalweb site
AUGUST 7, 2008
  • NOL appoints new APL president
  • Etihad Airways expanding network

Maritime Global Netweb site
AUGUST 7, 2008
  • Genmar seals Arlington deal
  • Q2 warning for NOL
  • Chemoil's strong Q2
  • Stolt-Nielsen gets funds for newbuilds
  • High rates boost Bourbon
  • Eitzen revenues soar

Marine Logweb site
AUGUST 7, 2008
  • Blount makes double delivery to Puerto Rico
  • Tax grenade rolling at American shipowners
  • Foss creates new management positions
  • Navy names new PEO Ships

World Wide Shipperweb site
AUGUST 7, 2008
  • President gives priority status to Columbia Crossing project
  • International Trade Commission releases Year in Trade report
  • Change of command today for Coast Guard Sector Seattle
  • Washington ferry ELWHA out of service for repairs
  • Boeing predicts growth in global air cargo market

Lloyd's Listweb site
AUGUST 7, 2008
  • Teekay scraps five years of 'unreliable' results
    RESULTS since 2003 'unreliable' due to incorrect accounting treatment of derivative transactions.
  • Healthy dividend records for Teekay trio
  • Cosco Corp shares plunge on Ji's shock exit
    SHARE price falls 12.2% on this morning following the shock exit of president Ji Hai Sheng.
  • NOL second quarter profits fall 19%
    SINGAPORE-listed liner company warns of hard times ahead on main box trades as it posts $76m net profit.

Fairplayweb site
AUGUST 7, 2008
  • US box volume fall predicted
    US BOX ports can expect a 4% drop in volumes in 2008, according to the National Retail Federation and economic analyst Global Insight.
  • Elwha ferry loses its cool
    A PROPULSION control cooling system failure left more than 200 passengers stranded aboard the ferry Elwha in the San Juan Islands
  • Case closed on Top's 'nuisance'
    A NEW York court has confirmed the minimal settlement in the securities case against Top Ships and has openly berated the plaintiffs' position
  • NOL braces for hard times
    NEPTUNE Orient Lines today reported a 19% fall in net profits for its second quarter, even though the box ship and logistics company had healthy increases in turnover and net profits over its first six months
  • Hamburg, NOL seen as Hapag survivors
    THE SALE of Hapag-Lloyd has turned into a two-horse race between the maritime centres of Hamburg and Singapore
  • Fairplay buys into Multraship
    GERMAN towage company Fairplay has secured a 50% shareholding in Dutch towage and salvage specialist Multraship

The Journal of Commerceweb site
AUGUST 7, 2008
  • Customs requires seals on all boxes
    Beginning Oct. 15, all U.S.-bound maritime containers must have tamper-resistant devices that meet ISO standards.
  • No rally in sight for U.S. container volumes
  • Lawmakers seek 10+2 pilot
  • Warehouse operators, truckers urged to prepare for Calif. 'green' initiative
  • European bank buys stake in Fesco
  • i2 revenue dips
  • Truck strike paralyzes box traffic at Cochin
  • NOL profit falls 19 percent
  • China Shipping to buy parent's terminal unit
  • OOCL to start Singapore-Indonesia feeder service
  • EU clears Delta-Northwest merger

Containerisation Internationalweb site
AUGUST 7, 2008
  • China ports' throughput slows
  • CN seeking 'legal relief' to conclude proposed Chicago railway purchase
  • Semi-trailer project to boost Port of Halifax
  • NOL sailing into choppy waters as Q2 net profit drops 19%
  • Cosco Corp appoints new president after the 'retirement' of Ji

TradeWindsweb site
AUGUST 7, 2008
  • Genco crash
    Supramax Genco Hunter is damaged in a collision with a general cargoship in the Singapore Straits.
  • Cash flow safe
    As it stock plunges, Teekay execs say restated earnings will not affect the tanker owner's cash flow.
  • Lund in charge
    Ship Finance International confirms hire of Maersk Broker Singapore boss, who will be commercial director.
  • Good bye, Oslo?
    Shareholders at B+H Ocean Carriers voted to apply for a de-listing from the Oslo Stock Exchange.
  • Canadian cash
    Government is inviting port and terminal operators to apply for funds for shore power.
  • Top chops five
    Evangelos Pistiolis rips up five more charter-back contracts which have cast a shadow over his firm since 2006.
  • Ismar out
    Oslo-listed company sees its third commercial departure in a year with the exit of Jens Ismar.
  • Tow firms unite
    Hamburg-based Fairplay Towage takes a 50% stake in the parent of Dutch salvor Multraship.
  • $7m error
    US containership player Seaboard Corp takes a hit to second-quarter earnings after an accounting error.
  • No guarantees
    Government cannot promise job security for those not taking up early retirement schemes at Malta Shipyards.
  • Owner adds profit
    Teekay Corp spin-off Teekay Tankers reports a 56.8% increase in net profit as the spot market surged.
  • Canada hears call
    Canadian Navy to the rescue for WFP shipments to Somalia with more permanent solution in the offing.
  • WFP gets loading
    North Korea-flagged ship one of two units lined up to deliver Somali food aid under Canadian escort.
  • Li buys again
    CSCL takes terminal unit from CSG in $380m move.
  • Teekay to restate
    Shock admission from tanker giant that results since 2003 'should not be relied upon' due to accounting methods.
  • Arms race
    Russia plans to equip merchant ships with grenade-launchers to fight off hijackers.
  • EBRD in at Fesco
    European reconstruction and development bank takes small stake in Russian container line.
  • Ferry failure
    Danish ro-ro hit UK dock after its auxiliary engines stopped, accident investigation reveals.
  • Money machine
    Japan's Daiichi watches earnings roll in from its bulker fleet in first quarter.
  • Dry-bulk in shade
    Larger offshore fleet lifts Bourbon's revenue by nearly a fifth in the first-half with bulker income struggling to keep pace.
  • Chemoil fuelled up
    Clyde Bandy-led bunker firm pockets $22m in the second quarter as revenue doubles.
  • TOO good
    Teekay Offshore Partners posts much-improved profit thanks to massive non-cash gain.
  • Silver lining
    Citi says Daewoo Shipbuilding & Marine Engineering could actually gain from cancelled newbuilding orders.
  • Kinkai coup
    K Line bulker and ro-ro unit pushed up first quarter profit as revenue grows.
  • DSME spree
    A mystery US owner pens $760m drillship at the South Korean yard as part of a $1.46bn double order.
  • Black day
    Teekay LNG back in profit after loss-making first quarter as group prepares to restate earnings back to 2003.
  • Cosco Corp crash
    Singapore shipyard group's shares fall most in four months as president Ji follows chairman Wei out of exit door.
  • Downturn at Tokai
    Japanese ro-pax player forecasts bigger loss in first half, despite expected revenue growth.
  • Soaring...for now
    Teekay piles on profit as suezmaxes earn big, but will second-quarter result be hit by restatement?
  • EMS revs up
    Annette Malm Justad-led group sees revenue race despite poor showing from its shipmanagement division.
  • Smit stable
    Profit little changed in first half but shares drop at Dutch salvage and shipping group, as heavy lift operations struggle.
  • Tamai profit push
    Japanese bulker owner sees first quarter earnings jump and raises annual forecast as a result.
  • NOL profits down
    Singapore liner operator warns of 'significantly more challenging' period ahead.
  • Mitsui mauling
    Interim profit forecast slashed as higher steel prices push Japanese yard to first-quarter loss.
  • RMT races ahead
    Rickmers Maritime Trust sees second quarter profits exceed forecasts by 53%.

American Shipperweb site
AUGUST 7, 2008
  • NOL profits up 45 percent despite losses in terminals division
  • China Shipping announces takeover price of terminals business
  • CBP issues notice for ocean container seals
  • MarAd outlines results from bilateral maritime meetings with Vietnam
  • U.S. helps Trinidad and Tobago with developing regional air cargo hub
  • Ellison heads newly formed Con-way Multimodal
  • Celadon earnings fall, but company encouraged by capacity reduction
  • Indiana port to unveil high-powered 'green' locomotives
  • Lawmakers ask CBP to consider 10+2 pilot
  • China hikes export rebates on certain textiles
  • Lam joins Trans Global as airfreight head
  • COSCO shipbuilding unit president to be replaced

The Scandinavian Shipping Gazetteweb site
AUGUST 7, 2008
  • Arlington Tankers in merger with GenMar
    Arlington Tankers, established and floated on the New York stock exchange in 2004 by Stena and Concordia Maritime, is to merge with General Maritime Corporation (GenMar). Shareholders in Arlington Tankers will own 27 per cent of the shares in the ...
  • EU Commission withdraws class recognition
    The EU Commission has decided to withdraw its recognition of Greece's Hellenic Register of Shipping (HRS). As a consequence, new certificates issued by HRS will not be accepted, but existing certificates will continue to be valid. HRS is authorised by ...
  • Disagreement about EU safety directive
    The European Commission as well as the European Parliament want standardised maritime incident investigations but several member countries say no if the investigations are not restricted to "very serious incidents" only. The Euro MP Jaromir Kohlicek, rapporteur for the directive ...

The Bunker Bulletinweb site
AUGUST 7, 2008
  • Brazil refinery maintenance
    Outage for over a month but Petrobras making provisions for production cut.
  • Global bunker market report
  • Regulations 'should guide industry practices'
    IMO fuel-quality specifications 'inevitable'.
  • Asian bunker prices weaker
    Prices slide, but not a steeply as mid-week falls.
  • IBIA planning 'streamlined board'
    Secretary general says organisation needs to be able to 'move quickly on issues requiring consensus'.
  • Bunker sales climb as workers end strikes
    French bunker suppliers saw volumes drop in Marseilles and Le Havre between April and July.
  • New fleet allows company to expand
    UK company says new tankers gives it much wider range and supply capacity.
  • Another off-spec sample reported in China
    High catfines found in sample from Shanghai area.
  • Bunkering resumes in Hong Kong
    Operations back to normal as storm passes.
  • O.W. Bunker outlines expansion plans
    CEO says player will be focusing 'much more in Asian and Mediterranean areas'.
  • Chemoil's profit jumps to $22 million
    Reports healthy margins, strong sales in its 'best' quarterly results since IPO.
  • NOL profits slide as bunker costs bite
    Company says 'floating bunker surcharges' softened the impact.

›››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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