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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
February 15, 2008
The Business Timesweb site
Shipping News
  • Perkins to open shipping agency in S'pore
    Singapore's growing maritime cluster has attracted yet another shipping company to set up shop here.
  • Shipping emissions higher than thought: UN report
    Emissions by global shipping of planet-warming carbon dioxide are more than double industry estimates and may rise another third by 2020 as trade grows, a report from the world's top maritime body shows.
Admiralty Casebook
  • Profit sharing deal applies to optional charter period
    THE English High Court last week overruled an arbitration award and ruled that a profit-sharing arrangement between a vessel owner and a time charterer applied to the optional two-year period at the end of the basic charter.

The Business Timesweb site
Shipping News
  • Perkins to open shipping agency in S'pore
    Singapore's growing maritime cluster has attracted yet another shipping company to set up shop here.
  • Shipping emissions higher than thought: UN report
    Emissions by global shipping of planet-warming carbon dioxide are more than double industry estimates and may rise another third by 2020 as trade grows, a report from the world's top maritime body shows.
Admiralty Casebook
  • Profit sharing deal applies to optional charter period
    THE English High Court last week overruled an arbitration award and ruled that a profit-sharing arrangement between a vessel owner and a time charterer applied to the optional two-year period at the end of the basic charter.

Sched Netweb site
  • NOL and TUI appoint advisors for possible Hapag Lloyd merger
  • UN bulk liquids. gas panel devise tough ship air pollution rules
  • Toll to delist HK's BALtrans, to make it integrated subsidiary
  • UAE's Sharjah Emirate volume rises 8pc to 2.1 million TEU
  • Colombo ideal as mega containership hub, says Brussels expert
  • Bahamas joins two United Nations anti-fouling conventions
  • Cathay to relaunch Colombo flights as terror fears abate
  • Hactl performs Hong Kong airport IT disaster recovery drill
  • Transnautic Aero Poland adds Miami's South American Airways

Exim Indiaweb site
  • INTTRA commences operations from new office
  • Bharati shipyard at Mangalore awaits environmental clearance
  • SCI to outsource management of 30 ships
  • L&T to build two heavy lift vessels for Dutch co. Rolldock
  • Russian PM agrees to double trade with India
  • EU shortlists 416 items in negative list for FTA with India
  • IT services exports may rise by 28 pc
  • Foreign Trade Policy Analysis: Current Trends - By M. Sreedharan

International Transport Journalweb site
FEBRUARY 14, 2008
  • DPD GeoPost (Deutschland) has new director
  • JAL Chairman Shinmachi to retire
  • Maersk Line and Evergreen share slots in Asia-Europe trade
  • Malaysian Airlines posts record profit
  • Birkart Globistics and Trust Forwarding work together

Maritime Global Netweb site
FEBRUARY 14, 2008
  • New UK tonnage tax warning
  • Intermanager adds voice to Hebei Spirit row
  • Imarex to buy Spectron
  • APL's new Baltic feeder

Marine Logweb site
FEBRUARY 14, 2008
  • Seacor Marine christens catamaran crewboat
  • Power restored on LNG tanker Catalunya Spirit
  • Washington State authorizes three new ferries
  • Another $2.8 billion for DDG 1000 Zumwalt class work
  • Budget cuts threaten Intracoastal Waterway
  • SembCorp Marine to take $208 million Q4 charge

World Wide Shipperweb site
FEBRUARY 14, 2008
  • Seattle-Tacoma Airport passes FAA inspection
  • NOL numbers skyrocket for fourth quarter/full year
  • CBP inspectors hard at work checking Valentine's Day flowers
  • Freight Transportation Index finishes year on down note
  • Roadlink announces purchase of West Coast Trucking

Lloyd's Listweb site
FEBRUARY 14, 2008
  • Norway tax overhaul deals blow to owners profits
    BW Gas and Wilh. Wilhelmsen posts huge losses to meet share of NKr21bn back tax bill.
  • Lie leaves NSA following tax blow
  • Tchibo aims to take lead on greener shipping
    SHIPPER will negotiate new contracts with carriers on grounds of eco-friendliness.
  • SembCorp settles forex dispute with nine banks
    SHIPYARD group says payout reduces outstanding losses to $258.7m.

Fairplayweb site
FEBRUARY 14, 2008
  • Between the lines
    IN this month's Fairplay Solutions, Editor Malcolm Latarche asked whether class is ignoring its own role in ensuring build quality during a shipbuilding boom
  • Moorhouse praises Korean quality
    LLOYD'S Register's chairman David Moorhouse has tried to smooth ruffled feathers after his comments last month about build quality
  • How Aker was ousted from Astrakhan
    AKER Kvaerner's buyout of its Russian partner in a Finnish engineering group marks the end of an unsuccessful tussle for control of a Russian shipyard
  • Spain is good for Brittany Ferries
    THE UK-Spanish ferry route linking Plymouth with Santander, served by French operator Brittany Ferries, enjoyed the third best year in its history last year
  • China Shipping to see coastal surge
  • Bulker runs amok in Mississippi
  • Cabotage flare-up as NCL flags out
  • Genco gobbles stock, nibbles Jinhui
  • Icebreakers laid up in balmy Baltic
  • Tax bill drags BW gas to deep loss
  • Louis rejects 'impossible' salvage
  • UK worries as H'egh goes back home
  • WW to snub Norway's new tonnage tax
  • Frontline powers on into 2008

The Journal of Commerceweb site
FEBRUARY 14, 2008
  • COAC urges changes to 10+2 rule
    Trade advisory committee at meeting also requests withdrawal of proposed reinterpretation of valuation rules.
  • House panel approves extending Andean trade preferences
  • Three-way deal for new Tacoma box terminals
  • Manufacturers blame China for U.S. trade deficit
  • Tornado rakes Bahamas hub
  • U.S. trims trade gap
  • Vancouver dockworkers vote on three-year contract
  • Raid on Deutsche Post CEO's home, office
  • Pact for unions, CP Rail
  • New Orleans port brings project list to pols
  • Ruling on China auto parts tax a win for U.S.

Containerisation Internationalweb site
FEBRUARY 14, 2008
  • German KG raises its stake in rival and makes takeover offer
  • CP Rail deal with intermodal partner
  • MOL commemorates Japanese emigration to Brazil
  • Greek port sale protest set to continue
  • Affectionate start for APL's new Baltic feeder

TradeWindsweb site
FEBRUARY 14, 2008
  • Catalunya boilers online
    Disabled LNG carrier's boilers start up three days after a shutdown left the vessel drifting off the US East Coast.
  • Metrostar goes offshore
    Greek owner places $1.3bn newbuilding order at Hyundai Heavy Industries.
  • RWE buys into Excelerate
    German utility agrees to purchase half of LNG player Excelerate, taking a chunk from US oilman George Kaiser.
  • Genco results 'fantastic'
    After Genco profits exceed expectations, Jefferies analyst highlights the New York bulker owner's growth potential.
  • Surcharge row in court
    A class action lawsuit names Royal Caribbean, Carnival Corp and Norwegian Cruise Line over the $5-per-day fuel surcharges.
  • Songa hits high note
    Oslo-listed player bursts back into the black after a lucrative end to 2007.
  • Supe sailor dies
    BPZ Energy reveals that a sailor aboard a sunken Peruvian navy tanker has died, while four other sailors remain in serious condition.
  • Solvang slips on newbuildings
    Oslo-listed gasship owner sees fourth quarter profits slump but throws all its eggs into the new Norwegian tonnage tax basket.
  • Ship grounds in Georgia
    US river is the site of the grounding of a car carrier, which is quickly re-floated.
  • SFI looks on bright side
    Frontline's ship-owning vehicle says credit crunch will work in its favour because of its financial stability.
  • Genco ups Jinhui stake
    New York bulker owner's finance chief says the company's share reaches 19.4%.
  • Svithoid banks share cash
    Private placement and public issue nets SEK 50m for Swedish tanker owner.
  • Computer glitch?
    US Coast Guard is quoted as saying that a computer problem may have caused the Catalunya Spirit's drift off Massachusetts.
  • Rand posts a loss
    Revenue is up by 38%, but Great Lakes player Rand Logistics reports a fourth-quarter loss.
  • Hong Kong keeps four
    Extra time in port for two boxships, a ro-ro and a tanker after January safety checks.
  • Scandal takes $260m slice
    Singapore's SembCorp Marine reaches deal with nine of 11 banks caught in derivatives controversy but will still take fourth quarter hit.
  • Solid year for Quintana
    Recently-acquired Greek dry-bulk owner net large annual profit as fleet and average day rates grow.
  • Hoegh backs Norway
    Bermuda-based owner to re-flag most of its fleet as response to new Norwegian tax regime.
  • Spectron set for big league
    Broker hopes it will be third time lucky after linking up with Norwegian rival for another assault on freight derivatives sector.
  • Ocean sinks in red ink
    Oslo-listed heavylift specialist sees fourth quarter and full-year profits hit by increased costs and shipyard delays.
  • Taxing year for BW Gas
    Norwegian owner vows to challenge legality of government's new system as it slips to massive annual loss.
  • Profit, costs up at Lloyd Fonds
    German shipping fund manager expects $29m net profit in 2007 but inflated costs bite.
  • Tokai half way there
    Full-year profits are on the up but Japanese ferry owner says it will not return to the black until the second half of 2008.
  • Tax bites WW
    Oslo-listed owner sees fourth quarter profits dive into the red despite an increase in income.
  • Fourth quarter boosts Frontline
    Asset sales in last three months help increase 2007 profit for John Fredriksen's tanker giant.
  • Frontline buys into Navig8
    Fredriksen takes 15.8% stake for $20m in "purely financial" move, as owner gains foothold in clean tanker sector.
  • Good year, bad quarter
    Eitzen Chemical reports large loss in last three months of the year but annual figures well up.
  • Louis fights back
    Cypriot owner hits out at Greece for its failure to cooperate following the sinking of the Sea Diamond after ministers threatened to impound its assets.
  • Chelsea sale lifts Knightsbridge
    Sale of VLCC increases fourth quarter profits six-fold at Frontline-managed tanker operator.
  • Near miss in SF
    Flashback to Cosco Busan as K Line boxship loses power and drifts close to US city's waterfront.
  • Rand buys WMS three
    US Great Lakes bulker owner exercises option to purchase three chartered-in self-unloaders.
  • Tamai rides high
    Japanese bulker owner increases full-year profit forecast after lucrative nine months.
  • Cargoship grounds in Clyde
    Minerva II refloated after losing power opposite Dumbarton Rock, with damage unclear.
  • IPO for ITC
    Frontline subsidiary's tanker fleet to be spun off in first half of 2008.
  • Genco profits surge
    Georgiopoulos bulker outfit sees profits more than triple compared to a year ago on bigger fleet.

American Shipperweb site
FEBRUARY 14, 2008
  • ESPMC-WITASS raising congestion surcharge for Peru, Trinidad ports
  • Maruba exits U.S./ECSA loop as subprime fallout kicks in
  • APL starts North Europe/Baltic feeder
  • Bahamas ratifies ILO seafarer labor standards
  • NYK develops fuel saving device for bulk carriers
  • Vessel loses engine power in River Clyde
  • Cathay cargo volume up, but capacity growing faster
  • Canadian trucker, railroad extend contract
  • RoadLink Acquires Seattle drayage firm
  • Secure Freight report heads to Congress
  • U.S. retailers welcome signing of Economic Stimulus Bill
  • Stater Bros. opens $300 million grocery DC
  • Carrefour awards Turkey distribution contract to Kuehne + Nagel
  • Freytag new Schenker CFO
  • New Orleans seeks funding for port expansion
  • Tacoma port reorganizes staff structure
  • Port of Savannah adds four cranes

The Scandinavian Shipping Gazetteweb site
FEBRUARY 14, 2008
  • Höegh Autoliners moves back to Norway
    The new, competitive Norwegian shipping tax regime has attracted Höegh Autoliners back home from Bermuda. 43 car carriers will be held by its Norwegian ship-owning entity, but by 2012 Höegh Autoliners will have 61 or more car carriers under ...
  • One body recovered from sunken Omer N
    The wreck of the Turkish owned coaster Omer N contained only one of the three missing seafarers. The salvage company managed to raise the wreck of the coaster Wednesday this week after a 45 day break due to bad weather ...
  • Classification societies raids on links with IACS
    Last month's dawn raids on European classification societies focused entirely on the possible links to the London-based International Association of Classification Societies (IACS). According to an insider the EU inspectors were scanning files for the word "membership" and two ...

The Bunker Bulletinweb site
FEBRUARY 14, 2008
  • Shipowner fights back in clean-up row
    Louis Hellenic Cruises says government making threats, avoiding 'constructive dialogue'.
  • IBIA welcomes 'victory for common sense'
    Association applauds exclusion of bunkering from new transfer regulations.
  • Nigerian refineries resume production
    Bunker players expect prices to come down as avails improve.
  • Bunker growth for Gibraltar
    After a drop in 2006, the port clocks new bunkering record in 2007.
  • Singapore container throughput up year-on-year
    Asian hub sees shipping boom continue as January figures remain strong.
  • Rotterdam market firm
  • Saudi Aramco sells highly-sought cargo
    180 cst cargo bound for Singapore sold at the highest price level in six months.
  • Sydney spot market out of 180 cst bunker fuel
    Both 380 cst and 180 cst bunker product unavailable in Melbourne.
  • Sulphur reduction proposals allow for 'mix' of options
    But the Hong Kong Shipowners Association says it still supports switching to distillate fuels.

›››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%)
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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