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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
13:11 GMT+1
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BRIEFS
November 10, 2008
The Business Timesweb site
Shipping News
  • Bourbon in 1.7b euro offshore expansion
    Offshore supply specialist Bourbon Offshore Asia saw an 80 per cent rise in revenue last year and is expecting good growth this year too. This expansion must not be hindered by a lack of manpower, managing director Farid Khan said.
  • VLCC rates may rise on refinery demand
    The cost of hauling crude oil from the Persian Gulf to Asia, down 72 per cent this year, may snap declines this week as refineries increase the number of vessels that they book for cargo loadings this month.

Sched Netweb site
  • US retail container traffic lowest since 2004: Port Tracker
  • Far East service to CMA CGM-APM Terminals' Mobile, Alabama CT
  • Rizhao launches new box services to Korea, Japan
  • Guangzhou launches shuttle barge service to Jiangmen
  • Lianyungang port launches new shipping lines to Korea
  • Harbin to build biggest provincial logistics park
  • Shenyang's foreign trade value up 32.5pc in first 9 months
  • India-Europe Express Service launched by Hanjin Shipping
  • Vinalines opens representative office in Singapore
  • Bulgaria opens new container terminal at Varna
  • Dutch owners want Somalia pirates brought before world court
  • Global downturn damage to container not permanent, CRI study
  • Air China Cargo takes three B747-400 converted freighters
  • Emirates reports air cargo growth in Malaysia
  • Hainan Airlines starts Irkutsk-Beijing service
  • Shanghai Airlines launches Shanghai-Mumbai direct flight

Exim Indiaweb site
  • UASC to launch direct AEC 1 service to Europe
  • Meltdown not to impact APMM's service centre in India
  • Capt. Subhash Kumar appointed Dy Chairman of ChPT
  • CCEA go-ahead for capital dredging of Vallarpadam channel
  • Tuticorin Port Trust draws up Rs 538-cr. expansion plan
  • Port development in India & China-By Dr Jose Paul
  • Rlys cuts long-haul iron ore freight charges
  • Rs 95-cr. freight aid scheme for seafood industry cleared
  • CCEA clears 13 integrated checkposts along bordersC Rly posts 10 pc growth in freight traffic during April-Oct.
  • 3 core sector segments shine amidst gathering gloom
  • Indo-German Chamber to hold SEZs workshop for CEOs
  • IMC seminar on financial reporting standards next week

International Transport Journalweb site
NOVEMBER 7, 2008
  • SafeConsult AG recruits new managing director
  • German seaports: optimism tinged with caution
  • BA adding more services to Prague
  • TriCon Container Terminal Nürnberg to operate trimodal module
  • Largest DHL freight centre in Middle East goes into service
  • Pack & Move in Basel, 18-21 November

Maritime Global Netweb site
NOVEMBER 7, 2008
  • All Bourbon Sagitta crew "alive"
  • Euro LRIT deal signed
  • "Well positioned" Knightsbridge
  • IMEC takes on extra cadets

Marine Logweb site
NOVEMBER 9, 2008
  • 20 die as Russia readies sub for lease to India

World Wide Shipperweb site
NOVEMBER 7, 2008
  • Port of Tacoma honors Carlile for clean air achievements
  • US rail freight totals drop during week
  • Port Angeles Coast Guard station hosting Veterans Day celebration
  • Air China Cargo orders Boeing converted freighters
  • Crystal Cruises takes home Best Large-Ship Cruise Line award

Lloyd's Listweb site
NOVEMBER 7, 2008
  • Question mark over Vale's $1.6bn VLOC deal
    ORDER in doubt as freight rates, global steel consumption and Asian iron ore demand fall.
  • Vale seals bumper VLOC deal with Rongsheng
  • Economou allays fears as DryShips shares fall
    DRYSHIPS boss confirms company in good health after a warning-laden share prospectus filing spooked the market.

Fairplayweb site
NOVEMBER 7, 2008
  • IEA warns of lingering oil threat
    THE IEA is tempering its long-term forecast for global oil demand but warns that prices will remain volatile, with a supply crunch possible by 2015
  • Polish yard workers issue threats
    POLISH shipyard unions are threatening direct action such as road blockades and are planning a huge protest in Warsaw in an angry reaction to the EC decision to order the yards sold
  • US shipping shares dive sharply
    SHIPPING shares have taken another hit, suffering one of their sharpest single-day percentage declines in the midst of a broad downturn in the US stock market
  • Svitzer detours to evade pirates
    SHIPPING support service company Svitzer is sending its boats around the Cape of Good Hope to avoid passing through the Gulf of Aden, the company confirmed to Fairplay today

The Journal of Commerceweb site
NOVEMBER 7, 2008
  • White House approves 10+2 filing rule
    Customs and Border Protection likely to move quickly on implementation after Office of Management and Budget signs off on security filing rule.
  • Newsome new N. America chief for Hapag-Lloyd
  • Horizon Lines makes voluntary debt payments
  • Creditors seek Eller Maritime bankruptcy filing
  • NYSE warns on Todd Shipyards stock listing
  • Bernuth Lines expands ocean services to Bahamas
  • NY-NJ airfreight flat
  • Yokohama port trade up
  • Wincanton profit falls
  • Dutch shipowner withdraws boxship investment plan
  • Air cargo traffic plunges

Containerisation Internationalweb site
NOVEMBER 7, 2008
  • Change has come to America: but can Obama save world trade?
    President-Elect, Barack Obama, has just over 70 days to prepare for the biggest and toughest job in the world. But after a brilliant and inspiring campaign, are we expecting too much of the Illinois senator, who will surely need super-human powers to overcome the formidable challenges that lie ahead?
  • Container Code Recognition for gantries
  • A negative BAF on the way?
  • New accreditation speeds up customs for NYK customers
  • TOC Americas to address key issues
  • PCS calls off UK coastguard strike

TradeWindsweb site
NOVEMBER 7, 2008
  • Eagle not alone
    A leading analyst tells TradeWinds that US-listed bulker owners across the board could be in breach of debt covenants.
  • Deal or no deal?
    OSG is privately denying that it is buying 52 products tankers from Cido Shipping.
  • US stocks rise
    Shipping stocks trade mostly higher Friday as broader markets improve.
  • Eagle on edge?
    High leverage and large orderbook leaves Nasdaq-listed bulker owner in danger of breaching its debt covenants, Fearnley Fonds claims.
  • It's quotes time
    Peter G cuts his losses and runs while slumping ship prices have thrust bankers into the rat race.
  • Brit Bulk sued
    Shareholder lawsuits take aim at Britannia Bulk and executives for failing to disclose FFA problems.
  • Horizon pays up
    After credit downgrade, Horizon Lines makes $10m voluntary payment to reduce debt.
  • Hellenic bins buy
    Fotini Karamanlis pulls out of $69.7m supramax purchase due to drop in dry-cargo rates.
  • Yard halt
    Ukraine's Chernomorsky stops work on two hulls subcontracted by Damen due to lack of cash.
  • LNG costs fall
    Houston-based LNG terminal developer reduces expenses but still posts a wider loss.
  • Krasnoye crashes
    Russian shipyard makes another loss in third quarter, following up deficit in the second.
  • Martin net jumps
    Texas tank-barge and terminal operator sees profits double despite hurricane difficulties and expects more improvement this quarter.
  • Toei down...
    ...but not out, as Japanese reefer owner expects to follow first-half losses with profit in full year.
  • Cape cut-up
    Hosco heads the charge as six big bulkers are packed off to the Bangladeshi beaches.
  • Repair buoys Todd
    Todd Shipyards returns to the black in the fiscal second quarter as repair volumes increase.
  • OHL undecided
    Oslo-listed heavylift player says it is unsure whether or not to back a takeover by Spencer Energy.
  • Crossed wires
    It was all double Dutch to the Aussie pilot on the Ukrainian-crewed cruiseship Van Gogh as it veered and grounded.
  • Going cheap
    Thanassis Martinos picks up handymax bulker bargain for a third of peak summer price.
  • NAT on top
    Suezmax specialist boasts of best performing share this year as nine-month profit soars.
  • Spot of bother
    A dive in VLGC rates to below breakeven levels will lead BW Gas to red ink in the final quarter, analysts say.
  • It's a boy!
    Rescued Somali migrant gives birth on Fesco cargoship in the Mediterranean.
  • The great debate
    The Greek Shipping Summit comes to an end with a heated, parliamentary-style debate over the world orderbook.
  • Here Wei go again
    Cosco chairman Wei Jiafu says the worst of the dry-cargo downturn has already passed with the rebound to be as dramatic as the recent fall.
  • Atlantska ahead
    Croatian bulker owner has made more money during the good times in the dry cargo market this year.
  • Todd troubled
    US shipyard failing to comply with New York exchange's listing standards over low market cap.
  • More for Davie
    Quebec government comes up with CAD 10m to help cash-strapped Canadian shipbuilder.
  • PSV for Halter
    US shipyard to build supply ship's hull and deckhouses for Louisiana's Candies Shipbuilders.
  • Up and down
    Japanese owner Kyoei Tanker's first half net profit shrinks, but operating earnings grow.

American Shipperweb site
NOVEMBER 7, 2008
  • Newsome named president Hapag-Lloyd (America)
  • CMA CGM PEX 3 service will call at Mobile
  • TBS "taking a cautious approach"
  • NYK takes iron ore charter for Baoshan Iron and Steel
  • Horizon Lines introduces reefer cargo monitoring system
  • OMSA hires Jones Act compliance manager
  • Boeing official says no freighter orders canceled despite slump
  • Singapore Airlines profit slides in 3rd quarter
  • BNSF opens third main line in and out of SoCal
  • DNDO tests radiation detection at truck weigh stations
  • FDA releases final rule for prior notice of food imports
  • U.S. meat exporters seek new trade promotion strategy
  • Shippers pay fines for U.S. export violations
  • BIS publishes protocols to U.S.-IAEA Safeguards Agreement
  • Lieberman could pay price for supporting McCain
  • DHL opens huge logistics center in Dubai
  • Economic meltdown fries U.S. meat exports
  • Expeditors profit up 15%
  • Yip bolsters Trans Global ocean freight division
  • Truck fee collection at SoCal ports to start Nov. 17
  • DP World commences operation at Aden port
  • Busan volume up 3.4% through September, transshipment recovering
  • Suez terminal reaches 2-million-TEU milestone

The Scandinavian Shipping Gazetteweb site
NOVEMBER 7, 2008
  • Supply vessel to new Norwegian company
    The supply vessel North Fortune has been acquired by a newcomer in the offshore market, Nor Supply Offshore AS of Bod'. The 1983-built vessel of 3,350 DWT belongs to the UT705 design of platform supply vessels and has been ...
  • Maersk Line cuts 700 Chinese jobs
    Maersk Line will cut 700 jobs in China during the next six months to handle the current market conditions. Maersk Line will close one of two service centres in China and adjust the staff in order to handle the China ...
  • China to halt shipbuilding expansion
    According to Chinese media sources, the Chinese Ministry of Industry and IT wants to for the time being stop the expansion of the shipyard industry by not giving licenses to new greenfield shipyards. The main reason is overcapacity and lack ...

The Bunker Bulletinweb site
NOVEMBER 7, 2008
  • $200 oil warning
    Low prices are only temporary, according to IEA report.
  • Cost of distillate will be significant
    World Shipping Council talks about the impact of a changing world on the industry.
  • Predicted bunker price drop in Brazil
    Company reports surge in revenues, but is preparing 'for the difficult phase'.
  • Barge operator posts Q3 profits
    Company attributes favourable fuel price recoveries.
  • Bankrupt bulker company faces class action
    Law firms say company concealed risky FFA transactions and failed to secure fixed price bunker contracts.
  • Fuel oil stocks building in European hub
    Refiner announces cut in runs, marine fuel margins weaken.
  • Bunkers prices mixed at end of a volatile week
    Asian prices moved in different directions on Friday.
  • WFS reports record quarterly earnings
    Marine segment gross profit up 42% from Q2 to new record.
  • Software systems bring fuel savings
    Icelandic firm uses energy management system for fuel efficiency and emission reductions.
  • US Navy 'switches off' to save fuel costs
    Experiment shows millions of dollars can be saved if fuel-saving method is applied across the naval fleet.
  • Malaysia plans new oil terminal
    Independent oil storage terminal to be completed in two years on the western coast.

›››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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