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05 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:44 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
At the end of the year Fret SCNF will cease to exist and the activity will be detected by the new companies Hexafret and Technis
St. -Ouen
The deal is aimed at averting the payment of 5.3 billion euros.
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Tzitzikostas : At the beginning of my mandate I will present a strategy for European ports
Brussels
"The competitiveness of the transport sector must be based on sustainability," the European Commission said.
Norwegian Cruise Line Holdings records record quarterly revenue
Miami
In the July-September period of this year, the group's ships have embarked on 812mila passengers (+ 9.7%)
The intermodal hubs of Melzo and Milan Smistamento will be retaken in the ZLS of the port and retroport of Genoa
Milan
Deliberation approved by the regional junta of Lombardy
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
It amounts to 39 billion euros per year the public investment needed to decarbonize European transport.
Brussels
The estimate in a new study of Transport & Environment
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
The crisis in the Red Sea has caused a hole of six billion dollars in Egypt's coffers
Cairo / Alexandria
Scali at the Egyptian port of El Dekheila of the services of Vuxx Shipping between China and Russia
In the third quarter, freight traffic in Chinese seaports grew by 1.7% percent
Beijing
The only volumes to and from abroad have increased by 5.0%
In the July-September quarter, naval traffic in the Bosphorus Strait grew by 6.4%
Ankara
In the first nine months of 2024, the increase was 7.1%
DFDS will not acquire the international transport network of Ekol Logistics
Copenhagen / Istanbul
Exchange of allegations : The Danish group claims that certain contract conditions have not been met ; the Turkish company replies that it has received a discount request in the last 24 hours
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
In the first quarter of this year, traffic in European Union ports fell by -3.2% percent.
Luxembourg
The only traffic in containers (+ 5.2%) is growing. Still doubts about the figures attributed to Italy
ECSA and T&E are calling for the Clean Industrial Deal to support the energy transition of shipping
Brussels
Among the demands, make ecological naval fuels available in ports
In the July-September quarter, ONE revenue grew by 65.2% percent.
In the July-September quarter, ONE revenue grew by 65.2% percent.
Singapore
The volumes of containers carried by the fleet increased by 6.6%
In the third quarter, the financial and operational results of COSCO were substantially increased.
In the third quarter, the financial and operational results of COSCO were substantially increased.
Shanghai
The volumes of containers carried by the fleet increased by 8.6%
Maersk records glowing quarterly results
Maersk records glowing quarterly results
Copenhagen
A strong performance in the containerized shipping industry has been decided. Also growing terminal and logistics
Confitarma lists actions to increase the contribution of shipping to the Italian System
Naples
Le Aziende informanoSponsored Article
ITS Costruttori, il futuro dei cantieri inizia in Accademia
Oltre 420 posizioni aperte in 17 corsi totali, con un tasso di occupazione post diploma di circa il 95% in media
In the third quarter the traffic in goods in Turkish ports decreased by -1.8%
Ankara
Volumes to and from Italy have increased by 2.9%
The Court of Appeal in Reggio Calabria gives reason to the AdSP of Gioia Tauro in the litigation that juxtaposes it to the Corap
A litigant remains pending in front of the Court of Cassation
Maersk signs an agreement with Chinese LONGi to supply its own dual-fuel vessels of methanol
Copenhagen
The Danish group already has agreements in place to meet more than 50% percent of its demand for methanol planned for 2027
Royal Caribbean again records financial results and record quarterly operating
Royal Caribbean again records financial results and record quarterly operating
Miami
In the July-September period, revenues increased by 17.4%
The association of European ports is alarmed for the planned reform of EU funding to transport infrastructure
Brussels
Transport policy and transport funding must be based on a European approach.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
In the third quarter of this year, the transits of large vessels in the Panama Canal were down -38.3% percent.
Balboa
-36.9% reduction in the volumes of goods transported through the Central American waterway
CMA CGM associates with Marsa Maroc for the management of a container terminal in the port of Nador
Marseille
Expected an investment of 280 million
Maersk confirms participation in service between Turkey and East Coast USA with scallops in Salerno, Livorno and Tanger Med
Copenhagen
Will be activated on 1st February 2025
Hapag-Lloyd will introduce shots at Italian ports in two services between the Mediterranean and East Coast USA
Hamburg / Haifa
Touches in Genoa, Livorno and Salerno in collaboration with ZIM
In the third quarter the terminals of COSCO Shipping Ports handled 29.1 million containers (+ 4.8%)
Hong Kong
Wan Hai Lines orders eight new container ships from 16,000 teu
Taipei
Committed to South Koreans HD Hyundai Samho and Samsung Heavy Industries
Fincantieri-EDGE agreement for the development of solutions for the underwater needs of military navies
Abu Dhabi / Trieste / Paris
The joint venture Maestral will deal with the design, development and construction of underwater systems
WSC, crucial mandate of new European commissioner for transport to ensure decarbonisation of shipping
Brussels
The shipowner association indicates some other priorities to be addressed
Federagents ready to illustrate to institutions the priorities of Italian ports
Rome
Pessina : available to our know-how to suggest the measures to be taken
Sébastien Romani is the new CEO of Forship Spa
Go Ligure
Subenters to Giuseppe Scognamiglio
Restyling of the landing area of the Cruserists in the port of Catania
Catania
In 2023 the traffic of cruises in the Sicilian stopover increased by 43.7% percent.
Resume work for the completion of the commercial docks of the Milazzo Port
Messina
The realization of 18,000 square metres of new aprons is planned.
In the third quarter, Kalmar's turnover fell by -16% percent.
Helsinki
New orders increased by 6%
Approved the 2025 forecast budget of the West Liguria AdSP
Genoa
Ok also at the annual review of the Triennale Operating Plan 2023-2025
Approved the 2025 forecast budget of the Central Adriatic System Authority of the Central Adriatic
Ancona
The first crane arrived to make Giammoro's pontile operating near Milazzo.
Messina
Will be installed by end of year
Green light to the forecast budget and the three-year plan of the work of the Eastern Liguria's AdSP
The Spezia
In the first nine months of 2024 the traffic of containers at Spezia grew by 8.1% percent. On 14 and November 15 the event "A Bridge To Africa"
Approved the forecast budget 2025 and the POT 2025-2027 of the AdSP of the Southern Tirreno and Ionian
Joy Tauro
Port of Livorno, seized a 40-pound load of cocaine
Livorno
Tracts under arrest three people
Approved the 2025 forecast budget of the AdSP of the Northern Tirreno
Livorno
Ok unanimous also at the Triennale Operating Plan 2024-2026
Rail Cargo Group activates a rail service between Belgrade and the port of Rijeka
Vienna
Two weekly rotations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
HHLA reaps upward forecasts for the full financial year 2024
Hamburg
Also expected to be a slight increase in the volumes of container traffic handled by port terminals
In the third quarter, the revenues of COSCO Shipping Ports grew 11.2%
Hong Kong
In the first nine months of 2024, the increase was 5.8%
Approved the 2025 forecast budget of the AdSP of the Sardinia Sea
Cagliari
Also free from the three-year programme of works
Savino Del Bene has acquired the Seabridge Transport in Hamburg
Hamburg / Florence
The company was already acting as the administrative headquarters for the German operations of the Italian group.
In the third quarter, freight traffic in Albanian ports grew by 14.0% percent.
Tirana
In the first nine months of this year, the increase was 14.3%
In 2026, for the first time, MSC Cruciere ships will reach Alaska
Geneva
"MSC Poetry" will carry out weekly itineraries from Seattle
COSCO Shipping Lines orders six new container ships from 13,600 teu to Hudong-Zhonghua Shipbuilding
Shanghai
They will be taken in delivery by 2027
Wärtsilä records a robust uptickdown in quarterly turnover
Helsinki
In the July-September period, the value of new orders rose by 1% percent.
Unified concession for formal act for the Intergroup terminal in Gaeta port
Cyvitavecchia
Has a duration of 12 years
Arrive in the port of Gioia Tauro the last two of the 13 new quay cranes of the MCT
Joy Tauro
They can work on capacity container carriers up to 25mila teu
Assologistic has published a practical guide to customs reform
Milan
Illustrated and analyzed the novelties and critiques of the new legislative plant
In the third quarter, shipping containers in Spanish ports increased by 9.9% percent.
Transhipment traffic grew by 13.2% percent, the import-export trade of 6.4% percent.
USB Mare and Porti criticizes the agreement for the renewal of the contract of port workers
Rome
Signed the voluntary agreement "Ancona blue agreement"
Ancona
The aim is to reduce the impact of emissions from cruise ships, ro-ro and ferries that climb the dorsal port.
Italian Coast Guard and the Italian Academy of Mercantile Academy in support of the Maritime Administration of Ukraine
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
On Friday, the public assembly of Federagents will be held in Rome.
Rome
The Federation celebrates the 75 years since its founding
Spediporto has organized a two-day trip on the Green Logistic Valley and Italy-China trade
Genoa
It is scheduled on 22 and October 23
››› Meetings File
PRESS REVIEW
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
Russia and India join forces in the Arctic, leaving China aside
(News.Az)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Fincantieri opens in San Francisco a center for the development of dual-use technologies applicable both in civilian and military sectors
Trieste / San Francisco
It is housed at the Mind the Bridge Innovation Center
Japan's MHI-MME initiates a license agreement with Chinese Jiangsu Masada
Nagasaki
The aim is the development of the production and sale in China of turbochargers for two-stroke marine engines
By November the ownership of the Victory Shipyard will go to CNV
Venice
Mantovan (Veneto Region) : A new trade union agreement will be built that will cover the 48 workers in organic
In the third quarter, the commercial activity and financial performance of Konecranes grew
Helsinki
The value of new orders for the supply of port means increased by 44.1%
In 2025, a 3.9% increase in cruising traffic in Adriatic ports is expected
Ravenna
Responses Tourism believes that the traffic of ferries, catamarans and aliscafi will record further slight growth
COSCO Shipping Ports acquires stakes in the two port terminals of Hutchison Ports in Laem Chabang
Hong Kong
Investment of 110 million
GNV has taken delivery of the new ferry GNV Polaris
Genoa
First of four new ro-pax units built in China, it will enter service by January
John Xylas will be the new president of Intercargo.
John Xylas will be the new president of Intercargo.
London
He will subordinate to Dimitrios Fafalios, who has been named honorary president
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