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23 February 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
April 10, 2008
The Business Timesweb site
Shipping News
  • UPS cuts Q1 outlook, citing lower volume, fuel
    A weakening US economy, reduced domestic package volume and significantly higher fuel costs prompted UPS Inc to cut its first-quarter earnings forecast, two weeks before it releases its results for the January to March period.
  • Tanker rates set to halt 7-day fall
    The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may halt seven days of declines as refuelling prices traded near a record, reducing the incentive for owners to lease their carriers.
  • North Carolina expedites plans for deep-water port
    North Carolina is moving ahead with plans for a US$2.3 billion, deep-water port near the mouth of the Cape Fear River and officials expect to have a funding strategy in place by year's end.

Sched Netweb site
  • Maersk to launch floating bunker surcharge at revised rates
  • Hangzhou trade growth slips as export balance tips from US to Europe
  • Seaspan secures loan for two 13,000-TEU ships
  • Hanjin to build box terminal in Jacksonville, Florida
  • Globe Express Services opens in Phnom Penh, expecting steady growth
  • Panama Pacific entrance dredging contract awarded for US$177.5 million
  • Felixstowe rail expansion to boost train capacity 10pc
  • Hong Kong Oasis Airlines closes bookings as costs swamp operation
  • China Eastern Airlines recommences Shanghai-Moscow service
  • Air China to launch six services in summer and fall
  • Air India launches India-Shanghai direct service
  • Aloha Airlines latest to fold in US as more shutdowns expected

Exim Indiaweb site
  • Maritime issues engaging govt's attention, assures Shipping Secy Sarma
  • GAC India celebrates 2007's record performance in style
  • Aries Global opts for Four Soft's software
  • Dolphin Offshore gets LoI to build shipyard at Jafrabad in Gujarat
  • Poor Chennai-Ennore road link 1 factor hampering box movements
  • Gammon Infrastructure to buy higher stake in Vizag Seaports
  • DP World takes gigantic strides
  • Move to infuse life into North-East land Customs stations
  • Exporters let down by MoF fixing just 2.5 pc as foreign agents' commission
  • Rate on foreign currency-denominated export credit set to surge
  • $ 500 bn exports in 5 years!
  • As inputs in TN dwindle, silent is the spindle!
  • India Inc sees price fever hotting up
  • Bridging the Gulf in business: Ficci conclave in Delhi

Maritime Global Netweb site
APRIL 9, 2008
  • Intertanko welcomes fuel deal
  • American Commercial issues warning
  • Middleton joins TRS
  • Pilot ladder guidelines
  • TNWA, CMA CGM start joint service

World Wide Shipperweb site
APRIL 9, 2008
  • Cruise ship engine fire forces evacuation of passengers
  • Sears honors Crowley for sixth year straight
  • Port of Everett begins commission meeting pod-casts
  • Greenbrier buying assets of Roller Bearing Industries
  • Horizon Lines announces interest rate swap

Lloyd's Listweb site
APRIL 9, 2008
  • HSH Nordbank rides out sub-prime crisis
    BANK has increased profits and new business in ship financing over the past year.
  • Melchiors moves to IACS
    FORMER BIMCO Secretary-General to become the Permanent Representative of IACS to the European Union.
  • Keeping watch over Norway's maritime course
    NORWEGIAN Trade and Industry Minister Dag Terje Andersen talks about the government's vision for the maritime sector.

Fairplayweb site
APRIL 9, 2008
  • FFAs out of whack
    FORWARD Freight Agreement (FFA) rates have widely diverged from rate forecasts built into public shipping company estimates, creating a potentially lucrative pair-trade opportunity.
  • Carnival hits back with new fuel levy
    CARNIVAL Cruise Lines has increased its fuel surcharge by 40%, just a week after agreeing with the Florida Attorney General to refund retroactive fees
  • HSH profits crushed by sub prime losses
    LEADING shipping bank HSH Nordbank saw a 65% net profit meltdown to €285M last year, due to massive investment losses on mortgage-backed securities
  • Basham pulls plug on GTX
    US CUSTOMS & Border Protection has shelved plans to launch a global trade exchange that would warehouse trade data for the US and other national governments
  • Boxship crew wins safety award
    JONES Act carrier Horizon Lines has received the AMVER-Assisted Rescue at Sea Award for the efforts of one of its crews
  • Reyes replaced as Mexican maritime boss
    QUESTIONS are being asked in Mexico City today over the future of the country's port development after Cesar Patricio Reyes Roel was replaced this week as the country's maritime boss.

The Journal of Commerceweb site
APRIL 9, 2008
  • Exporters battle delays, box shortages
    U.S. shippers are whipsawed as high export volumes and lower liner capacity in U.S. trades reduces available space for outbound container cargo.
  • Pelosi seeks rule change to defy Bush on Colombia
  • ILWU earnings fall for first time in 20 years
  • Customs won't develop GTX trade data warehouse
  • Census official: Export e-filing rules still pending
  • Environmentalists block part of Port Everglades plan
  • UPS warns on profits
  • Export ABCs: Making payment terms work
  • SCI ordering 40 ships
  • Freight index flat
  • Roadway offers China-U.S. expedited ocean service

Containerisation Internationalweb site
APRIL 9, 2008
  • OTAL adds Conakry
  • Canada launches rail freight review
  • European intermodal operators team up between German ports and Hungary
  • Sharjah and APL combine in record productivity
  • Seaspan builds war chest in readiness for 'fire sales'

TradeWindsweb site
APRIL 9, 2008
  • Shipping grows at HSH
    Despite a writedown from subprime mortgage exposure, HSH Nordbank's earnings from shipping jump by nearly 40%.
  • BW Gas case settled
    Spanish city council says it has reached an out-of-court settlement over a spill from the Berge Frost.
  • Royal hires newbuilding head
    Royal Caribbean Cruises puts a maritime industry veteran in a new role overseeing the newbuildings program.
  • Bridge bash pilot's D&D past
    Cosco Busan pilot was convicted of driving under the influence and took medication which may have harmed his concentration.
  • Carnival reaching for more
    After refunding some fuel surcharges, Miami- and London-based cruise giant plans an increase.
  • Pacific Carriers fined
    Singapore owner's Pacc Ship subsidiary pleads guilty and pays out a $1.7m criminal fine for two MPP's oil discharges.
  • Mordashov doubles TUI stake
    One of John Fredriksen's allies at the German group takes his holding beyond 10%.
  • Apollo preps New York IPO
    Private equity with cruise industry interests plans for a $418m with a New York Stock Exchange listing.
  • Cosco Corp snuffs rig order
    Norwegian owner Red Flag has rig hull contract at Cosco Zhoushan pulled after no deposit was paid.
  • Rickmers gets cash
    Singapore-listed shipping trust has netted loans for over $600m to cover the cost of nine newbuildings.
  • Finland out of Aker race
    Baltic state will not be part of a European consortium aiming to block STX's take-over at the Oslo-listed shipbuilder.
  • Odessa makes tanker spill arrest
    Reports indicate owner of chemical tanker already served with $1.7m claim after alleged leak at Black Sea port.
  • Ezra results edge up
    Singapore-listed offshore vessel operator has reported a 3% increase in year-on-year net profits.
  • Three's lucky for Cosco Corp
    On day Singapore-listed yard group announced rig order cancellation, Dane and American sign for tankers and offshore unit.
  • CNR stretches Solstad deal
    Charterer snaps up one year extension on 1998-built platform supply vessel.
  • Yantai profits up 75%
    Chinese shipbuilder rides newbuilding boom with promise of better to come in 2008.
  • Alam wins extensions
    Malaysian offshore vessel operator has won three year extensions for anchor handler charters.

American Shipperweb site
APRIL 9, 2008
  • American Commercial Lines anticipates weak earnings, executive leaves
  • Dafni resigns as head of CMA CGM subsidiary CNC Line
  • Vos replaces Laungaard at Maersk Line
  • Eimskip speeding Iceland/North America service
  • Company fined $1.7 million in oily water case
  • Delmas changing Europe/West Africa loop
  • Horizon, Wachovia in interest swap deal
  • Maersk swaps Europe port on South America string
  • UPS lowers expectations as weakening U.S. economy hurts volumes
  • CN: Re-regulation would require return to taxpayer subsidies
  • Great Lakes carriers back effort to fight fish virus
  • CBP spikes GTX project
  • FTC president warns lawmakers against unilateral Iran sanctions
  • GAO: U.S. trade preference programs require improved evaluation
  • CEVA Logistics to distribute Piaggio motorbikes, scooters in Europe
  • Textile company, railroad spar in court
  • McCown joins Hunton & Williams
  • Edwards is new head of ADS Logistics
  • Greatwide Logistics acquires Camrett Inc.
  • COSCO Pacific profit up 47%
  • U.K. coastguards to strike again

The Scandinavian Shipping Gazetteweb site
APRIL 9, 2008
  • Swedish employers issue notice of lockout
    The Swedish Shipowners' Employers' Association has issued a notice of lockout as a reply to the notice of strike filed by the Swedish officers unions on Tuesday. The lockout will enter into force on 18 April at noon if the ...
  • Rosella to replace Ålandsfärjan
    Viking Line transfers the ferry Rosella to the Mariehamn ' Kapellskär service. On her present route between Helsinki and Tallinn the Rosella will be replaced by the newbuilding Viking XPRS in the end of April. The Rosella enters the service across ...

The Bunker Bulletinweb site
APRIL 9, 2008
  • Oman fuel oil parcels 'unlikely' to find Asian buyers
    Problems with residual fluid catalytic cracker put three fuel oil cargoes on market for April loading.
  • Oil above $111 on bullish US inventory report
  • Bunker market report from Praxis
  • INTERTANKO's goals 'fully achieved' at IMO
    Says its 2006 proposal became a catalyst in reaching 'historic agreement' on revisions to MARPOL Annex VI.
  • Energy sector concerned about low sulphur availability
    IMO bunker fuel sulphur reduction targets are unlikely to be met in full, warns oil industry association.
  • SECAs becoming ECAs
    New name signifies that sulphur is not the only aspect of shipping emissions that can be capped.
  • New employee at Global Risk Management
  • New barge sets Durban delivery record
    Double-hull new-build records 'fastest' bunker delivery.
  • Rotterdam market stable
  • Oil to stay above $100 a barrel: US forecast
    US-based EIA predicts firm oil prices on tight global supplies.
  • Indonesia urged to provide fuel subsidies
    Subsidies for fishing boats fuel have become 'urgent', state council says.

›››File
FROM THE HOME PAGE
ICS satisfied with ISWG-GHG's progress towards decarbonisation of shipping, even if not definitive
London
Platten: Much work still needs to be done urgently by MEPC meeting in April
In the second half of 2024, freight traffic in the port of Venice grew by +15.3%
Venice
In the whole year, cruise passengers were 548 thousand (+7.8%)
In the last quarter of 2024, freight traffic in the port of Rotterdam decreased by -2%
Rotterdam
A decrease of -0.7% was recorded for the whole year.
HMM in talks to acquire compatriot SK Shipping
Seoul
The transaction would be valued at close to $1.4 billion
Clean Maritime Fuels Platform suggests actions needed to make clean fuels available for shipping
Brussels
The AdSP will become the sole manager of railway shunting in the port of Ravenna
Ravenna
Extraordinary maintenance and investments in new infrastructure will remain the responsibility of RFI
Cargill and Hafnia joint venture in marine fuel supply
Singapore
Seascale Energy formed
Coast Guard authorizes use of batteries on board Italian flagged ships
Rome
Adopted a risk assessment approach using EMSA guidelines
Joint venture between Marsa Maroc and TIL (MSC group) for the management of the eastern container terminal of the port of Nador West Med
Casablanca
50% of the capital plus one share will be held by the African company
Shipping, lack of services and costs for goods checks give a bad reputation to the port of Genoa
Genoa
Botta: wasting time and money on various checks, not having certainty on the times of exit of the goods from the ports makes the situation unsustainable
In 2024, freight traffic in the port of Barcelona grew by +8.7%
Barcelona
Sharp increase (+12.4%) in containerized cargo. In the last quarter alone, total traffic increased by +1.2%
In the second quarter of 2024, freight traffic in European ports began to grow again
Luxembourg
The main types of cargo are increasing with the exception of solid bulk. Sharp increase in volumes in Italian ports
Positive annual economic results for the HHLA terminal group
Hamburg
Last year, container traffic handled by port terminals grew by +0.9%
788 kg of cocaine seized in the port of Gioia Tauro
Reggio Calabria/Gioia Tauro
The AdSP protests against the downgrading of the local Customs office implemented at the same time as a significant increase in its functions
GNV to take delivery of last two of four ro-pax vessels ordered 11 months early
Palermo
Catani: modernization of port infrastructures, adoption of cold ironing and development of a LNG distribution network are necessary
Le Aziende informanoSponsored Article
ABB Ability™ Marine Remote Diagnostic System
Always on board with you
Maersk and Cochin Shipyard Partner Under Indian Government's Shipping Incentive Program
Mumbai
The first repair of a Danish group ship at the Indian plant during 2025
Federagenti, speed up dredging by using waste material in port facilities
Rome
Pessina: the case of La Spezia and Genoa can provide an immediate and effective solution
Contract awarded to Maestral (Fincantieri - EDGE) for the management of the fleet of the United Arab Emirates Navy
Abu Dhabi/Trieste
The order is worth 500 million euros
T&E, remove deforestation-related biofuels from shipping decarbonization strategy and limit those produced from food crops
Brussels
Dijkstra: IMO should consider climate impact of ‘bad’ biofuels
ICS confident about outcome of next week's IMO meeting on decarbonisation of shipping
In 2024, freight traffic in the port of Genoa fell by -1% while in Savona-Vado it grew by +7%
Genoa
Cruise passengers down by -11%
Last year traffic in the port of Koper increased by +3.0%
Ljubljana
Containerized goods were over 9.4 million tons (+5.6%)
Assarmatori, the ok to the recruitment of crew members by the ship's commander is good
Rome
Messina: We ask that the measure becomes structural
In 2024, the port terminals of the Moroccan Marsa Maroc handled a record volume of goods
Casablanca
Historic peak of containers with 2,898,779 teu (+13)
ECSA, A4E and T&E urge EU Commission to promote clean fuels for maritime and aviation
Brussels
Raptis: We need huge investments, certainties and simplification of access to public and private funding
Kalmar's annual business and economic results decline
Helsinki
Sharp increase in new orders in the last quarter of 2024
In the fourth quarter of 2024, ship traffic in the Suez Canal decreased by -53.5%
Cairo
Tankers fell by -42.9% and other types of vessels by -58.1%.
Evergreen Invests Nearly $3 Billion in 11 New 24,000-TEU Containerships
Taipei/Keelung
Taiwan's three major container shipping companies continue to grow in revenue
Confitarma, the current regulatory framework for port towing services is more than fine
Rome
Ministerial circular of 19 March 2019 fully suitable for managing tenders
Last year, cargo traffic in Croatian ports decreased by -10.1%.
Zagreb
Record number of line passengers and cruise passengers
MSC Reorganizes Two Transatlantic Services Between Mediterranean and US East Coast
Geneva
Nine-day transit time between the port of Genoa and that of New York
Danaos Corporation revenues surpass $1 billion for the first time in 2024
Athens
Annual net profit decreased by -8.0%
Ro-ro traffic and regional routes increasingly important for the development of the port of Ancona
Ancona
Research presented on the potential of the Marche port
HMM revenues grew by +39% in 2024
Seoul
In the fourth quarter alone the increase was +53%
AP Moller Capital - Bergé y Compañía Agreement to Invest in the Port Sector in Spain and Latin America
Kongens Lyngby/Madrid
Investments through a separately managed fund supported by the Danish company
HHLA signs collective bargaining agreement with ver.di
Hamburg
The union had opposed the transfer of shares of the company's capital to MSC
The Northern Tyrrhenian Sea Port Authority suspends Istat variations on concession fees
Leghorn
Nova Marine Carriers, Aug. Bolten and Ership Acquire Maja Stuwadoors Groep
Lugano
The Dutch company operates a bulk terminal in the port of Amsterdam
In 2024, container traffic in the port of Algeciras decreased by -0.5%
Algeciras/Valencia
The negative trend continued last month
Confitarma, maintenance of the simplified procedure for the enlistment of seafarers is a good thing
Rome
Neapolitan journalist Bianca D'Antonio dies at 83
Naples
Point of reference for courtesy and professionalism also for the shipping sector
The AdSP of the Eastern Ligurian Sea has joined the National Observatory for the Protection of the Sea
Rome
The organization promotes the valorization of the sea resource
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
Port of Los Angeles Hits New Container Traffic Peak for January
Los Angeles
Port of Livorno, in 2024 rail traffic grew by +10.4%
Leghorn
Rail share of freight volumes moved rose to 19%
Contract for the immersion in the Ancona reclamation basin of the dredging sediments of the ports of Fano and Numana
Ancona
Federlogistica, the closure of the Busalla motorway toll booth could put logistics in crisis in the North West
Genoa
Last year, cargo traffic in Montenegrin ports increased by +2.2%
Podgorica
Passengers increased by +16.1%
Investments of 1.4 billion euros for the development of the Logistics Hub of the FS Italiane group
Rome
Investments for new physical and digital assets are foreseen in the 2025-2029 Strategic Plan
Grimaldi Group extends its maritime network to India
Naples
On February 20th the first call at the port of Mumbai with the PCTC "Grande California"
One million euros for the reduction of the amount of anchorage fees in the port of Gioia Tauro
Joy Taurus
Ok to the expansion of the Automar car terminal
The AdSP of Eastern Liguria agrees on the need for buffer areas for the ports of La Spezia and Marina di Carrara
The Spice
Areas identified by the body near the port and hinterland of Santo Stefano di Magra
Conference "Iron-Rubber-Water: Intermodality and the Port of Genoa"
Genoa
It will be held on Friday at the Maritime Station of Genoa
Fratelli Cosulich has acquired a controlling stake of 62% of the capital of Femo Bunker
Genoa
It has an annual turnover of over 70 million euros
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Nola Interport, in 2024 intermodal traffic grew by +18%
Nola
Road freight traffic stable
MSC Cruises' new cruise terminal in the port of Barcelona has become operational
Barcelona
It will be officially inaugurated in the next few months
In January, the port of Singapore handled 3.5 million containers (+5.8%)
Singapore/HongKong
Container traffic in the port of Hong Kong decreased by -10.5%
The "mole" for the Bisagno torrent spillway tunnel has arrived in the port of Genoa
Genoa
It is composed of three main pieces of 196 tons
Port of Long Beach Continues to See Exceptional Container Traffic Growth
Long Beach
In January, 953 thousand were moved (+41.4%)
Mercitalia Intermodal reaches agreement with PJM for the digitalization of 600 intermodal wagons
Rome
Between 2025 and 2027 they will be equipped with the Austrian company's WaggonTracker digital system
Tomorrow CMA CGM will activate a new service between Italy, Spain and Egypt
Marseille
Reorganization of the Bora Med Service line with the inclusion of stopovers in Syria
Assoporti at the Fruit Logistica fair in support of the Italian fruit and vegetable sector
Rome
Record export value of 6.1 billion euros in 2024
Cargo traffic in Russian ports fell by -1.6% in January
St. Petersburg
Only import loads are growing
First Newbuild Container Ship Owned by ONE Christened
Singapore
It has a capacity of approximately 13,800 TEUs
Call for proposals for the enhancement of the Tuscan Port Community System
Leghorn
Paroli: the TPCS is used profitably not only by our AdSP, but also by those of Naples, Venice and Cagliari
D'Angelo (ANSI): Necessary steps forward also in cybersecurity for the port sector
Rome
Threats can paralyze a highly strategic component for the Country System
UBV Group buys International Services and Logistics Nardi
Milan
The Milanese company has been operating in the shipping and integrated logistics sector since 1949
New logistics area in the Milanese hinterland
London/Milan
Joint venture between SFO Capital Partners, Edmond de Rothschild REIM and GARBE
In 2024, container traffic in the port of Valencia increased by +14.1%
Valencia
Strong growth in transhipment (+18.8%)
Dutch Raben Group has acquired fellow Dutch DGO Express
Milan
The company provides road groupage transport and logistics services
Musso (Grendi group): escaping from Genoa? For us it was a stroke of luck
Genoa
Among the initiatives planned for 2025, the relaunch of the container port of Cagliari
This year the association of Genoese maritime agents celebrates its eightieth anniversary
Genoa
A series of celebratory events are planned
MPC Capital Acquires 50% Stake in Fellow City BestShip
Hamburg
The Hamburg company currently offers services to around 450 vessels
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
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
››› Meetings File
PRESS REVIEW
Türkiye's largest shipping company moves to Greece, while tourism giant exits
(Türkiye Today)
Billions lost at sea: over-reliance on foreign shipping drains economy
(The News International, Pakistan)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Port of Chioggia, the call for tenders for the assignment of temporary port work service has been published
Venice
The optimal operational staff of the authorized company is set at 20 units
Hyundai Mipo Orders Four LNG Bunker Vessels
Ulsan/Tokyo/Oslo
Yara to lease new ammonia carrier from NYK
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
Improvement in the final part of the year is not enough for Eimskip to close 2024 positively
Reykjavik
Container traffic at HPH Trust terminals grew by +4.8% last year
Singapore
Revenues up +8.8%
Konecranes posts record annual and quarterly revenues
Helsinki
In 2024, the value of new orders fell by -3.9%
AD Ports - CMA Terminals Agreement to Manage New Multipurpose Terminal at the Port of Pointe-Noire
The Sustainable Intermodality Logistics Association renews its technical commissions
Rome
Francesca Fiorini confirmed as general secretary. 30 new members welcomed
Tarros activates a new rail link between the port of La Spezia and the Interporto of Padua
The Spice
The frequency is weekly
CMA CGM to continue operating container terminal at Syrian port of Latakia
Beirut
New contract with the General Authority for Land and Sea Ports
Costamare posts record annual and quarterly revenues
Monk
Last year, turnover increased by +37.9%
Fatal accident in the ship repair area of the port of Genoa
Genoa
Immediate strike by workers in the sector
The work on electrifying the docks of La Spezia is proceeding rapidly
The Spice
Federlogistica calls for temporary suspension of measure on new classification criteria for customs offices
Wärtsilä closes 2024 with record financial and commercial results
Helsinki
The value of new orders acquired in the year grew by +14%
DSV Group revenues increased in 2024, but not profits
Hedehouse
Air and sea shipments handled by the Danish company increased by +7.1% and +6.6%
Approved for the concession for the automotive terminal of Vezzani in Porto Marghera
Venice
25-year contract
Port of Ravenna, estimated growth of +12.9% of traffic in January
Ravenna
Over 1.9 million tons of goods moved
Container traffic in the port of Gioia Tauro increased by +12.5% in January
Joy Taurus
347,917 TEUs were handled
The Interporto of Jesi is part of the Unione Interporti Riuniti
Rome
The terminals of Melzo and Rubiera are new aggregate partners of the association
Cisl FP Liguria, the downgrading of the Customs offices of Genoa, La Spezia and Savona is absolutely unjustified
Hapag-Lloyd secures 80% financing for construction costs of 24 containerships
Hamburg
The total investment for the new ships amounts to four billion dollars.
ONE Forms Joint Venture With LX Pantos For U.S. Intermodal Market
Singapore/Seoul
Boxlinks to provide end-to-end services in the US
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