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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
01:35 GMT+1
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BRIEFS
October 17, 2008
The Business Timesweb site
Shipping News
  • Tough times, but industry will pull through: SSA
    STRONG cooperation between the Singapore Shipping Association (SSA) and the government was highlighted at the association's 23rd anniversary dinner last night.
  • New accounting rules for Korean shipbuilders
    South Korea plans to change accounting rules for shipbuilders to help bolster their balance sheets, as a 32 per cent plunge in the local currency this year slashed their capital by as much as 50 per cent.
  • Stocks dive as freight rates sink
    Asian shipping stocks plunged yesterday, with some losing up to a quarter of their value after international freight rates fell to a 5-year low as raw materials trade sank on fears of a global recession.

Sched Netweb site
  • HK September up 1.2pc to 2.13 million TEU, Singapore rises 8.5pc
  • Maersk cuts bunker surcharge on Mideast routes
  • Yang Ming to sell dry bulk operations to subsidiary
  • Zhengzhou-Shanghai sea-rail container intermodal service launched
  • China sets road freight rates according to fuel prices
  • IMO set to approve draft ship recycling convention
  • Mumbai Port improves box handling with offshore terminal
  • BIFA: Don't be caught out by new US security box rule
  • Rwanda opens US$2.6 million inland container depot
  • China Southern launches Wuhan-Vietnam cargo service
  • Qiyang cargo flights between HK, Chengdu, Shenzhen
  • Atlas issues profit warning, says prospects better in 2009
  • Trans Eurasia Germany-China rail rivals airfreight
  • British Columbia airport to poach business from Anchorage

Exim Indiaweb site
  • ESL bags Asia Pacific Shipping Liner Excellence Award
  • BCC&I to beam spotlight over maritime industry on December 3 & 4
  • Financial heartbreaks seen awaiting some shipping lines
  • Mauritius sees scope for more partnerships
  • Maize exports allowed with ban order lapsing
  • Korea to exhibit maritime strengths from Oct. 23 to 25
  • MPSEZ presented 'Infrastructure Developer of Year' award
  • GPA chief brings out Savannah port's strengths
  • Baalu invites Korean investments in NMDP & NHDP Chung evinces interest in port projects
  • India's GDP will grow to $ 35 trillion by 2040-ADB
  • With 14 more items dereserved, only 21 left exclusively for SSI sector

International Transport Journalweb site
OCTOBER 16, 2008
  • Lufthansa to and from Milan
  • New brand name for WLS
  • Financial crisis could propel logistics industry forward
  • P&B Associates and Inttra to cooperate in Latin America

Maritime Global Netweb site
OCTOBER 16, 2008
  • Bulker hijacked
  • Dry bulk demand "will come roaring back"
  • Shipping "90,000 officers short by 2012"
  • Owners warned to check 3rd party guarantees
  • AXA opens Singapore branch
  • Asian ferry owners optimistic despite economic crisis

Marine Logweb site
OCTOBER 16, 2008
  • Atwood won't exercise option at Jurong for further semi
  • Bunge takes stake in Vietnam port
  • MOL tests LNG-fueled shoreside power
  • Foss strengthens global services team
  • EC pressures U.K. on maritime laws
  • KDB disqualifies POSCO bid for DSME

World Wide Shipperweb site
OCTOBER 16, 2008
  • Tidewater tug crew honored by Coast Guard
  • NOL no longer in running for Hapag-Lloyd container business
  • MOL holds successful LNG shore power supply test
  • TSA carriers predict container volume slowdown
  • New nonstop flights begin between Portland, Klamath Falls and North Bend

Lloyd's Listweb site
OCTOBER 16, 2008
  • Brokers baulk at valuations as prices slide
    SHIP valuations done only on a case-by-case basis as secondhand vessel rates "fall by the day and by the hour".
  • Secondhand prices tumble as confidence slips further
  • Asia-Europe box rates in turmoil
    FREIGHT rates under renewed pressure after two global lines cut their prices to new all-time lows.
  • Industrial Carriers files for bankruptcy
    UKRANIAN-based bulker operator is first high-profile casualty of the dramatic market collapse in freight rates.

Fairplayweb site
OCTOBER 16, 2008
  • Pirates release Bright Ruby crew
    Pirates have released the crew of the Bright RubySOMALI pirates have released the crew of the South Korean-registered 26,589dwt bulker Bright Ruby, which was seized off the Somali coast on 10 September
  • Polish PM fights for doomed yards
    POLISH prime minister Donald Tusk has promised "prompt and resolute decisions" to save bankruptcy-threatened shipyards of Gdynia and Szczecin
  • Obama 'would kill US coal trade'
    THE election of Senator Barack Obama would lead to a radical shift in energy and trade policies set by the Bush administration, it was claimed yesterday
  • Insurers focus on crew nationalities
    INSURERS worldwide continue to look at the crewing make-up of commercial vessels as a major factor in assessing premiums on vessels, cargoes and voyages
  • Lack of trust hits dry bulk market
    SPOT rates for dry bulk carriers have come under attack from all sides and lack of credit is the latest, and at the moment the biggest, factor behind sharp falls, a shipping analyst has told Fairplay
  • Supramax seized off Somalia
    SOMALI pirates have seized the Supramax bulker African Sanderling in the Gulf of Aden
  • Piraeus terminal decision causes riot
    DIRECTORS of Piraeus Port Authority voted yesterday to approve the contract for the concession of the container terminal to Cosco Pacific

The Journal of Commerceweb site
OCTOBER 16, 2008
  • West Coast imports weaker in September
    Containerized imports at California's ports dropped sharply in September in what should have been the busiest month of the year
  • Appeals court to hear vessel emissions case
  • Hapag-Lloyd gets $750M loan to buy ships
  • Trans-Pacific lines see rebound in 2009 second half
  • Dry bulk rates collapse
  • Portland boxes up 9.6%
  • WTO backs U.S., Canada in EU beef hormone dispute
  • New ship for Seaspan
  • MOL tests LA cold-ironing
  • Smaller ships for Wan Hai, PIL trans-Pacific service
  • NYK, OOCL to share chassis

Containerisation Internationalweb site
OCTOBER 16, 2008
  • Colombo booming despite economic downturn
  • Downturn bites hard at Long Beach
  • US trucker benefits from strong intermodal
  • Post-conference dynamism
  • Gothenburg to implement CATOS box system

TradeWindsweb site
OCTOBER 16, 2008
  • Stocks split
    Shipping and offshore stocks head in different directions, but trade mostly higher, as US markets regain ground.
  • 'Misguided' jump
    Unix Line says three men who went overboard on the Ginga Falcon were attempting to swim to Canadian shores.
  • ICI hits rocks
    Slumping dry-bulk rates and derivative losses lead Industrial Carriers to file for bankruptcy as it hands back Greek suezmax early.
  • Uruguay upgrade
    The port of Montevideo scores a $40m loan to boost efficiency at South America's fourth largest box port.
  • Bright Ruby 'free'
    Reports indicate South Korean bulk carrier seized by Somali pirates a month ago is released.
  • Kinder terminals
    Energy transport company Kinder Morgan sees 21% growth in terminal earnings.
  • Posco pushed out
    Korea Development Bank shoves Korean steel giant off the track in race to snap up DSME stake.
  • Greeks united
    Attica to mop up Blue Star and Superfast Ferries by year end in all shares deal aimed at boosting market capitalisation.
  • Wilson nets $60m
    Norwegian shipowner secures 10 year charters for two 1980s built bulkers.
  • Sulpicio sells
    Philippines owner offloads two small ro-ros to rival Roble and will scrap 1950s-built sister.
  • Bow cargo banned
    Indonesian owner prohibits storage of cargo in ships' bows after fire on ferry.
  • Batavia blaze
    Fire causes extensive damage to Dutch yard where historic sailing ships are reconstructed.
  • Bunge bags port
    US agricultural company picks up 50% stake in Vietnam's only panamax-ready dry-bulk port.
  • Storms cost $18m
    New York insurer Navigators Group tallies up after-tax losses from hurricanes Gustav and Ike.
  • Hapag loaded
    German boxship owner scoops $750m to buy 29 vessels from TUI and complete its separation from the tourism group.
  • Stocks chopped
    Falling BDI and global economic woe hits shipping shares across Asia while bulker owners struggle in Oslo.
  • Navies slammed
    Syrian manager of ship freed from pirates by Puntland forces blasts ineffective coalition forces.
  • D'Amico buys back
    Milan-listed tanker owner picks up $672,090 worth of its own stock.
  • Revival on hold
    Maersk Line chief Eivind Kolding admits financial crisis may delay expected turnaround in boxship giant's fortunes.
  • Talks back on
    Somali pirates withdraw threat to blow up Faina with negotiations back on for ro-ro's release.
  • Death at B+V
    Probe begins into scaffolding collapse at German yard that killed one worker and injured two others.
  • Thor Star freed
    Thoresen Thai-owned vessel released by Somali pirates. No word on payment of ransom.
  • Cargoship sinks
    Vietnamese vessel goes down in heavy weather off China, but no word on casualties.
  • Q-Ship falls
    Nine-month profit down 3.9% for Doha-listed tanker and gas carrier player.
  • Binh eyes bonds
    Pham Thanh Binh-led Vinashin to raise another $400m by breaking our more bonds next year.
  • Don't panic
    Philip Clausius-led shipping trust looks to sooth frayed nerves after stock price plummets.
  • Pregnant pause
    Helicopter winches woman from Rotterdam to Hull ferry after she goes into labour.
  • Ping-pong peril
    Chinese man to attempt Taiwanese crossing by paddling in paper boat with table-tennis bats.

American Shipperweb site
OCTOBER 16, 2008
  • Transpacific carriers forecast flat volumes in 2009
  • Security firm warns against arming crew to fight piracy
  • CMA CGM to start weekly Indian Ocean islands service
  • Palm oil giant acquires Singapore ship charterer
  • As losses mount, rivals Jet and Kingfisher form alliance
  • Work starts on K.C. air-logistics park
  • Unions pressure Oak Harbor retail customers
  • Crandall named president of Savi Group
  • Two more offices open for time:matters
  • MOL tests ship-to-shore system at SoCal port
  • Da Chan gets new batch of dual hoist quay cranes

The Scandinavian Shipping Gazetteweb site
OCTOBER 16, 2008
  • Baltic Pilot won in pilot case
    The state pilotage authority Finnpilot does not have a monopoly on pilotage activities in Finland and it is not illegal to engage a competent pilot working for an employer that is not Finnpilot, according to the office of the public ...
  • Coaster and fishing vessel in collision in Great Belt
    The Swedish coaster Nordtrader was involved in a collision the night before Wednesday with a Danish fishing vessel. The fishing vessel involved was the Guldsand (ten metres long and seven GT). The collision took place in the Great Belt close ...
  • New report on Fredericia Skibsværft
    Today, the Municipality of Fredericia will present a report on the possibilities of relocating Fredericia Skibsværft within the limits of the port of Fredericia. The plan has been drawn up as a response to the criticized original plan of building ...

The Bunker Bulletinweb site
OCTOBER 16, 2008
  • Stockpile report bearish, OPEC moves meeting
    DOE results this week sending crude even lower as producer cartel bringing forward its emergency meeting.
  • Shipowners back calls for 'bunker tax'
    French shipowners say bunker levy could fund projects aimed at cutting GHG emissions.
  • Singapore bunkers at 13-month low
    Prices in Singapore plunge below $400 as crude oil markets continue to weaken.
  • Bunker prices under spotlight at SIBCON
    Speakers at SIBCON say price volatility will drive innovation.
  • Shipping fundamentals 'in place' despite downturn
    The financial crisis is not a shipping crisis, says analyst.
  • 'Economic meltdown' will hit bunker demand
    Traditional demand forecasts 'blown out the window' by recent events.
  • Marine technology company sees income grow
    Kittiwake forecasts more growth in atmosphere of economic uncertainty and high fuel costs.
  • Maersk Inc. to open Sustainability Forum
    Over 100 delegates from key areas of the shipping industry are signed-up to attend this month's Washington Conference.
  • Chemoil to start supplying in India this year
    Chemoil 'proud to be the first non-Indian company established in India's bunker market.'

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
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.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
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
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
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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