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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:52 GMT+1
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BRIEFS
March 17, 2008
The Business Timesweb site
Shipping News
  • Cruise operators upbeat despite stormy economy
    The global cruise industry is putting on a brave face as it sails into seas darkened by a faltering US economy, a weak dollar and record oil prices, major cruise ship operators said at their annual convention.

Sched Netweb site
  • MSC to start Yantian- LA weekly Condor Express with Maersk slot charter
  • US retailers urge Port of Oakland to reject container tax proposal
  • Yunnan inaugurates national level export processing zone
  • Sinotrans profit up 18pc, but container business revenue off 9pc
  • Kuehne + Nagel posts 2007 profit rise of 15pc to US$515 million
  • Panalpina profit rises 15pc on higher freight volumes in 2007
  • Cathay Pacific group reaps 72pc increase in profit in 2007
  • Lucky Air to launch Hefei-Kunming service
  • Hactl deploys IBM solution to upgrade data storage infrastructure

Exim Indiaweb site
  • Baalu lists measures taken to encourage tonnage acquisition
  • Parekh Marine Agencies is new member in India of Multiport
  • AP inks MoU for port-based industrial corridor with RAK & Matrix
  • LCL Group's modern Logix Park CFS near Port Pipavav inaugurated
  • Rites signs MoU with Namibia to upgrade rly infrastructure
  • Rlys may soon lay tracks to smaller ports
  • FDI for petroleum, natural gas sectors rationalised
  • Elangovan spells out handloom export scheme in Lok Sabha
  • Budget stimuli to industrial growth may be tempered by inflationary fire-EAC Chairman
  • CMIE projects 10.4 pc industrial growth in 2008-09
  • W. Bengal receives 21 applications for IT SEZs
  • Lift rice export curbs, SIREA urges govt
  • Ajay Singh joins CBDT

International Transport Journalweb site
MARCH 14, 2008
  • NYK Logistics restructures European business
  • Maersk announces annual results
  • Reminder! Air waybills changing on Monday 17 March
  • Agility expanding in Poland
  • USA: senators question DOT on Mexican trucks programme

Marine Logweb site
MARCH 14, 2008
  • EPA sets new marine diesel emissions standards
  • Wärtsilä unit to design Euro icebreaker
  • ASA Board appoints new members

World Wide Shipperweb site
MARCH 14, 2008
  • Workers begin expansion of arrivals roadway at PDX
  • US rail freight traffic reports positive week
  • International Maritime Organization sets deadline for bravery nominations
  • Vancouver Fraser Port Authority announces board of directors
  • US/Croatia agree to new open skies deal

Lloyd's Listweb site
MARCH 14, 2008
  • CMA CGM sets the pace with 58% income rise
    FRENCH liner giant shows its heels to market leader Maersk by posting profit of $966m.
  • CMA CGM unveils fuel plan
  • Shipping given emissions 'wake up' call
    INDUSTRY told to act on emissions before ships are denied entry into European ports.
  • CIMC eyes stake in Yantai Raffles
    WORLD'S biggest box maker plans to splash out up to $565.5m to acquire a 29.9% stake in Chinese yard.
  • Bring on the roller coaster
    AMSTERDAM-based shipowner Antonio Zacchello says that 2008 is going to be a turbulent year, but a good one.
  • Taxing the talent away
    WHAT a mess the UK Chancellor of the Exchequer has got himself into over the issue of 'non-doms'.

Fairplayweb site
MARCH 14, 2008
  • Overcooked Capesize rates crash
    Dry bulk freight-rates for Capesize vessels have plummeted over the last two days following a period of heady highs for owners
  • Vietnam aims for fourth largest shipbuilder slot by 2015
    VIETNAM'S ambition to move up a further slot in the world shipbuolders table has been declared, according to a report in VietnamNet Bridge
  • Torm aims to double fleet
    TORM plans to double its 128-vessel fleet
  • Dover sailings resume
    THE SeaFrance ferry dispute at Dover has ended with a pay rise and improved working conditions for officers who have been out since the end of February. Sailings are expected to resume tomorrow
  • UK non-domicile fight goes on
    DESPITE pressure from the UK business community to abort the plan to charge wealthy non-domicile residents of the UK an annual '30,000 fee, Chancellor Alistair Darling has vowed to continue
  • It's all change at Aker Yards
  • Genesis numbers revelation
  • Third drydock for Bahamas
  • Essar ready to buy big
  • Lauritzen triples profits
  • Veteran CEO edged out at Samho
  • JFE wins Universal control
  • US wants free trade with Malaysia
  • Sinotrans net rises 18%
  • Cruise passengers, crew rescued

The Journal of Commerceweb site
MARCH 14, 2008
  • Sale of Hapag-Lloyd? TUI mulls options
    German line emerges as possible takeover target amid reports parent TUI will decide as early as next week to spin off ocean carrier.
  • Group calls for feds to bail out Highway Trust Fund
  • Assistance bill, Colombia trade pact a pair: Pelosi
  • MSC opens new LA service
  • Russia steel deal opens door to U.S. oil and gas
  • NYK unveils Cool Earth project
  • India's growth rate to drop
  • CMA CGM net up 58%
  • Lytle new No. 2 at Port of Long Beach
  • ICC says IMO must set new anti-pollution standards
  • Mitsui buys into Turkish port auto business

Containerisation Internationalweb site
MARCH 14, 2008
  • Stowaways cost the industry USD20 million a year: can incidents be reduced?
    This week a conference in China, hosted by Japanese ocean carrier NYK and the UK P&I Club, debated the problem of stowaway incidents which have risen in cost by 100% in the past 10 years. Currently, they are estimated to be costing the industry more than USD20 million a year.
  • Rotterdam's ECT promoting night time trucking
  • Evergreen upgrades ADR link
  • Full speed ahead for CMA CGM as its income surges by 58%
  • Piraeus extends tender deadline to May 9

TradeWindsweb site
MARCH 14, 2008
  • Ultrapetrol optimistic
    Felipe Menendez offers a positive look at 2008 after fourth-quarter results send shares on a plunge.
  • Economou sells another
    Brokers say Greece's Cardiff Marine has sold off a 19-year-old capesize for $83m.
  • DNV revenue jumps
    Revenue jumps at Det Norske Veritas on strong demand, but taxes scale profits back by 1.8%.
  • Komrowski sells duo
    Undisclosed interests have paid about $68m for a pair of the Hamburg owner's panamax bulkers.
  • Failed system sank Queen
    Canada's Transportation Safety Board says a fourth officer was distracted when he missed a course change that led to the sinking of the Queen of the North.
  • Wilson Sons in PSV deal
    Brazilian terminal, offshore vessel and shipyard group will fetch $100m to build four platform supply vessels.
  • Star Bulk takes supramax
    US-listed bulker owner will shell out $72m for Norden's Nord Wave.
  • Ultrapetrol takes a beating
    Felipe Menendez-led company loses nearly a quarter of its market value after fourth quarter results missed market expectations.
  • Double detention in Hong Kong
    Ammships tanker and small general cargoship the only names on February list of shame.
  • Sinotrans on the prowl
    Chinese bulker owner looks for smaller rival to buy, plus second-hand tonnage.
  • Mortensen flags orders
    Norden chief says sale of two bulker units is just a drop in the pond compared with unprecedented orderbook.
  • One in, one out for George
    George Economou-led DryShips takes panamax from Norden for $72m and lets another go for $7m less.
  • Norden confirms bulker sales
    Danish owner set for $75m windfall from sale of supramax and panamax with DryShips one buyer.
  • Chemical Fredriksen
    SFI enters new sector after splashing $60m on a brace of newbuildings.
  • Fredriksen's flexible friend?
    TUI boss Michael Frenzel now considering the Hapag-Lloyd sale or spin-off urged by tanker tycoon and other shareholders.
  • Norden sale saves Torm
    Danish owner posts massive profit increase after selling stake in compatriot and snapping up half of OMI.
  • Founder says farewell
    Vita chairman steps down less than 24-hours after shareholders rejected a take-over bid from Chong Thim Pheng.
  • Perisai bags tug
    Malaysian owner buys offshore vessel from Singapore's Britoil in $11m deal.
  • Tale of two halves for Torm
    Danish giant's product tanker ships have varying success east and west while bulk market remains volatile.
  • Pamplona leaves Trinidad
    German ship at centre of drugs-smuggling case sails but master still facing charges.
  • Ultrapetrol runs out of gas
    Rise in offshore earnings can't lift full-year figures at Felipe Menendez-led US-listed owner.
  • Greek ship grounds, 300 saved
    Passengers and crew hauled off cruise vessel after it struck a reef near the Greek island of Poros.
  • Evergreen beefs up ADR
    First of Taiwanese owner's four bigger 5,400-teu ships enters service between Adriatic and Far East.
  • BLT expects Chembulk boost
    Indonesian tanker owner forecasting big increase in profit this year thanks to acquisition of US rival.
  • GO in a hurry
    Greek bulker owner takes seven months to beat last year's annual profit as it realigns financial reporting period.
  • Piraeus stretches deadline
    Bidders for Greek port's container operations reportedly have until 9 May to lodge offers.
  • Workers poisoned at Tuzla
    Another accident hospitalises workers at controversial Istanbul yard complex, following spate of fatal incidents.
  • Hyundai wants more
    Despite rising costs and concerns over the global credit crunch Korean yard expects more orders.

American Shipperweb site
MARCH 14, 2008
  • CMA CGM profit up 58%
  • Maersk Line results: Progress, but still unsatisfactory
  • APL, Scan-Shipping splitting up
  • Evergreen upgrades Far East/Adriatic service
  • U.S. ship hit by explosion in Istanbul shipyard
  • Matson's North ends long maritime career, Angoco to head Pacific
  • Horizon Lines appoints new head of Guam operations
  • CORRECTION: A.P. Moller - Maersk profit up 15%
  • U.S, Croatia sign open skies pact
  • Guttierez: Exports buoyed U.S. economy
  • President Bush stumps for U.S.-Colombia FTA approval
  • Singapore man pleads guilty to export control violations to India
  • CEVA Brazil expands Eaton contract
  • ILWU contract talks to start Monday
  • PSA, DP World vying for terminal near Chennai

The Scandinavian Shipping Gazetteweb site
MARCH 14, 2008
  • Furetank buys 37,000-tonner from Broström
    Swedish shipowner Furetank Rederi AB has acquired the 2005-built, 37,000-DWT product carrier Bro Erik from the Swedish tanker owner and operator Brostr'm. The deal generates a SEK 65 million pre-tax profit and a net cash contribution of ...
  • Wärtsilä to design European research icebreaker
    The Wärtsilä-owned design and marine consultant Schiffko GmbH in Hamburg will design the new research icebreaker Aurora Borealis for the Alfred Wegener Institute for Polar and Marine Research in Bremerhaven, Germany. The ship shall facilitate research in ice and ...
  • Successful maiden voyage for kite driven cargo vessel
    German Beluga Shipping's newbuilt heavylift/multipurpose carrier Beluga SkySails of 10,000 DWT, has arrived in Mo-i-Rana in Norway after a 11,952 nautical mile long maiden voyage from Germany via Venezuela and USA. The vessel is equipped with testing ...

The Bunker Bulletinweb site
MARCH 14, 2008
  • Bunker market report from Praxis
  • Moller-Maersk says environmental issues cannot be ignored
    "Playing for time is not an option" says group's CEO.
  • Mexico buyers favour MGO
    Bargain prices proving a good option, alternative to IFO.
  • Clean up, save on fuel
    Hull performance expert taking the dollar saving and lower emissions message to conference audience.
  • Dutch official stresses CO2 cost of switch to distillates
    Dutch refineries would emit an extra 3.5 million mt of CO2 if they had to convert residual fuel to distillates for Rotterdam bunker market.
  • SkySails ship completes 12,000 miles round trip
    Ship's captain says a new a 'new chapter' has been written in the history of shipping as towing kite cuts bunker consumption.
  • Rotterdam market firming again
  • Supply shortage on cargo delay
    Hong Kong bunker market facing some 380 cst product tightness.
  • Liner operator could stock bunkers at box ports
    CMA CGM chairman considering dedicated oil tanks at key ports.
  • Singapore barge operator to move office
  • IEA meeting to discuss oil prices
    Crude oil climbs above $110 per barrel.
  • Subic Freeport may double bunker storage
    Growth in traffic at Philippines port prompts bunkering investment.

›››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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