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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:27 GMT+1
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BRIEFS
January 24, 2008
The Business Timesweb site
Shipping News
  • Ramunia accepts MISC's RM3.2b reverse takeover
    Ramunia Holdings Bhd has accepted MISC Bhd's reverse takeover offer worth RM3.2 billion (S$1.4 billion) through the issuance of 1.4 billion new shares valued at RM1 each and 3.6 billion 3.7 per cent new irredeemable convertible preference shares, The StarBiz reported.
  • GS Caltex to ban single-hull tankers
    South Korea's GS Caltex, the country's second-largest refiner, will ban crude shipments to its refineries in single-hulled oil tankers from next year, jumping ahead of a government plan to ban these tankers by 2011.
  • Johor still upbeat on port plan
    Plans to develop Tanjung Langsat Port into a facility targeting the oil-and-gas (O&G) sector by 2012 are on track despite the expected slowdown in the global economy and the fall in crude oil price to under US$90 a barrel, says a report in The StarBiz.

Sched Netweb site
  • Maersk brings in 'fair, simple, transparent' way to gauge BAF
  • ICTSI Yantai terminal handles larger containerships
  • Fangcheng port sets throughput record in 2007
  • Sales chief quits at Panalpina after management shake-up
  • Port of Prince Rupert cargo throughput up 37pc in 2007
  • Marseilles-Fos handles record one million TEU in 2007
  • DHL ups air capacity, frequency of Manila-HK service
  • Ningbo Airport trade cargo volume up 10pc last year
  • Tulsa air cargo traffic sees 10-year high in 2007
  • West Bengali government plans to build Kolkata air cargo hub

Exim Indiaweb site
  • Sethu project viable only for small ships-Naval Chief
  • DHL sharpens focus on export LCL consolidation
  • A 'Dream Run' for AMI India Logistics
  • Slash import duties by 10 pc, US Asst Commerce Secy advises India
  • India keen on expanding trade ties with Syria
  • JN Port operationalises crude oil handling facility
  • Kandla Port crosses Magic 50 73 days before fiscal-end
  • Rail freight rates for coal, fertilisers, iron ore may be pruned
  • Tie-ups on freight haul KRC out of tunnel
  • FBT to cover foreign firms' equity too!
  • Reprieve for exporters as rupee depreciates

Marine Logweb site
JANUARY 23, 2008
  • COSCO Shipyard Group wins orders worth $422 million
  • Pride to add third ultra deepwater drillship newbuild
  • Crowley orders to more heavy lift barges
  • Keppel wins second Bully drillship contract

World Wide Shipperweb site
JANUARY 23, 2008
  • Port of Seattle forming Committee to look into fraud vulnerability
  • NASSCO begins work on second product carrier
  • HORIZON FALCON crew earns seamanship trophy
  • Zim joins Grand Alliance in upgrade of ATX service
  • Crowley Maritime completes Angola, Africa transport project

Lloyd's Listweb site
JANUARY 23, 2008
  • Shipowners face steep rise in P&I premiums
    INTERNATIONAL Group unveils increases for all type of vessels to meet record losses and pay-outs.
  • P&I clubs braced for tough renewal season
  • Tanker FFAs soar as South Korea curbs single hulls
    TANKER freight derivatives jump after oil importers announce immediate cut back on number of single hull VLCCs they charter.
  • Italian port operators call for safety overhaul
    GOVERNMENT urged to introduce updated safety regulation following deaths at Porto Marghera.

Fairplayweb site
JANUARY 23, 2008
  • Koreans pre-empt single-hull ban
    KOREAN oil firms plan to reduce the number of single hull tankers before a ban is introduced by January 1, 2011
  • Varun doubles profit, ready to buy
    VARUN Shipping Co today said it has earmarked around $400M as capital expenditure for the calendar year 2008
  • Euronav happy despite losses
    AN upturn in freight rates has brightened the prospects for Belgian tanker firm Euronav, following a bleak end to 2007
  • Funding paves way for NSW terminal
    CONSTRUCTION of a $872M coal export terminal in Newcastle can finally begin now that funding is completed
  • Greens target Buquebus terminal
    ARGENTINE coast guards are bracing for another onslaught at the Buquebus ferry terminal in BA, where last week they prevented activists from disrupting ferry sailings
  • Gadani breaker to buy toxic tanker?
    A MEMBER of Pakistan Ship Breakers Association is on the verge of buying a tanker claimed to be loaded with highly poisonous chemicals
  • Genoa box terminal bans boxes
  • OOCL, Emirates, TS Lines team up
  • Mass migrant murder in Gulf of Aden
  • Third attempt for SA bunker tie-up
  • Asian bourses bounce back
  • Samsung urged to bear responsibility

The Journal of Commerceweb site
JANUARY 23, 2008
  • APM Terminals leaving Port Everglades
    The A.P. Moller-Maersk unit has reached agreement with the Florida hub on an early exit from its lease.
  • TWIC progress meets with approval of House panel
  • New House bill seeks fees for freight infrastructure
  • Seattle adopts clean-air plan
  • Customs Update: 10+2 = Part Deux
  • DHL parent to take $874M writedown on U.S. unit
  • OOCL revenue climbs
  • Vancouver tops PNW boxes
  • Houston OKs Bayport bids
  • Norfolk Southern profit up 4% in fourth quarter
  • Lines drop congestion charge on Asia-Europe route

Containerisation Internationalweb site
JANUARY 23, 2008
  • PSTM raises dividend
  • Agility expands East African presence
  • OOCL revenue soars by 21% in 2007
  • CN announces labour pact on US network
  • Lianyungang takes top growth spot in China

TradeWindsweb site
JANUARY 23, 2008
  • ISC profits plunge
    International Shipholding Corp sees 87.1% fall in fourth-quarter earnings, but full-year profits improve.
  • Tanker rescues boaters
    Sonamar tanker plucks regatta participants from the water off southern Chile.
  • General Maritime soars
    New York-based tanker owner sees its stock heap on 11.5% after an analyst's upgrade.
  • Captains cash in on casualty
    Masters are illegally washing their ship's engines at sea and blaming any pollution on sunken Ice Prince, MCA says.
  • 'Still for sale'
    Bear Stearns analyst says US-listed Quintana Maritime probably is still on the selling block, though for better terms.
  • TBS scores credit
    US tweendecker and bulker owner picks up a $75m credit facility from DVB Group Merchant Bank.
  • Bank upgrades tankers
    Analyst hikes rating on four of five tanker companies covered by Jefferies as stocks offer a discount.
  • Samsung under fire
    South Korean shipping minister, Kang Moo-hyun, slams shipbuilder for its failure to come up with a proper settlement following Hebei Spirit oil spill.
  • Paragon forecast reduced
    Analyst drops earnings forecast for Paragon Shipping after the bulker owner changes accounting scheme.
  • GS bars single skins
    South Korea's second largest refiner will begin a phasing out of single hull tankers immediately ahead of blanket ban next year.
  • West coast slowdown
    Stalling box traffic and economic gloom set the scene for talks on new US waterfront labour contract.
  • Daewoo double at Duqm
    South Korean giant wins contract to build new Oman shiprepair facility to be operated by Daewoo Shipbuilding & Marine Engineering.
  • Tanker futures jump
    Ban on single-hulled VLCCs by Korea's second largest oil refiner sends FFAs up 10%.
  • New routes for Superferry
    Aboitiz-owned ferry operator resumes some Philippines island services to meet demand growth
  • Solstad shelves NOR listing
    Norwegian offshore owner's plans to list subsidiary in Singapore hit by volatile financial markets.
  • Third quarter boost for Varun
    Indian tanker and LPG carrier owner sees profit soar in three months to end-December.
  • Viking goes Swedish
    Baltic ferry line snubs Finnish and Estonian flags for replacement of ship at centre of union row.
  • OOIL shows slick numbers
    Hong Kong boxship giant reports large annual revenue and volume increase on back of strong intra-Asian trade.
  • TUI merger meeting?
    German shipping and tourism giant's supervisory board reportedly considering group tie-up on Wednesday.
  • Essar confirms merger plan
    Ruia brothers want to fold drilling and port operations into tanker owning company.
  • Oslo shares bounce back
    Norwegian shipping stocks on the up following the cut in US interest rates.
  • Tailor turns shipowner
    Singapore's Bright Orient (Holdings) is giving up the world of high fashion in favour of bulkers.
  • Greek port strike extended
    Piraeus dock workers to walk out on 30 January as action over privatisation escalates.
  • Golden Ocean fixes
    Norwegian owner sets pair of kamsarmaxes on order in China up with five year time charters.
  • Golar buys again
    John Fredriksen company adds more shares to own account in ongoing buyback drive.
  • ZIM joins GA on ATX
    Israeli firm teams with Grand Alliance consortium on North Europe-North US Atlantic trade.

American Shipperweb site
JANUARY 23, 2008
  • OOCL posts strong revenue, volume gains in 4th quarter
  • Zim claims former area president took bribes
  • Eimskip ends short sea service
  • Intermarine takes delivery of new ship
  • Schindler returns to Intermarine
  • Nixon joining NYK (Europe) from Maersk
  • CSX's 4th quarter profit up 5%
  • Norfolk Southern's 4th quarter profit up 4%
  • CN's 4th quarter profit up after special items
  • USF Holland launches U.S.-Canada guaranteed service
  • Virginia, Norfolk Southern plan rail improvements
  • Compromise reached on mandatory AES rule
  • President Bush orders reform of U.S. export controls
  • GT Nexus acquires Metaship
  • Lowe's chief to head retail group
  • U.S. still top Cuba ag products supplier
  • Long Beach city council to consider tapping more port profits
  • Port of Boston reports record cargo volume

The Scandinavian Shipping Gazetteweb site
JANUARY 23, 2008
  • Gard sues government for NOK 172 million
    Gard sues the Norwegian government for NOK 172 million because the rock that the Jebsen bulk carrier Rocknes hit in Vatlestraumen south of Bergen on 19 January 2004 was not marked on the charts even though the Norwegian Hydrographic Services ...
  • Aker Kvaerner to change to Aker Solutions
    As the final step in the successful integration of Aker and Kvaerner, Aker Kvaerner ASA has proposed to change its name to Aker Solutions ASA. During 2007 a long-term and stable ownership structure was established for Aker Kvaerner, as ...
  • Golden Ocean fix two Kamsarmax newbuildings
    John Fredriksen-controlled Golden Ocean Group has fixed out two Kamsarmax newbuildings from Zhoushan Jinhaiwan Shipyard in China. The Company will take delivery of a total of 8 vessels of this size between September 2009 and March 2011 and the ...

The Bunker Bulletinweb site
JANUARY 23, 2008
  • New player could ease Fujairah shortages
    Vitol's presence will make Fujairah market 'more competitive and transparent'.
  • BP Marine pulls out of Cyprus
    Bunker sales failed to match expectations.
  • SkySails ship underway to Venezuela
    Voyage seen as key test of bunker-saving technology.
  • Rotterdam market firms drastically
  • Maersk Line using Bunkerworld data
    Maersk's BAF calculator bases prices on Bunkerworld averages.
  • OPEC to review all options in February
    Oil cartel has no decision on oil output yet.
  • Brightoil to start Shanghai bunkering
    Business expansion supported by strong bunker sales from its base of operation in Shenzhen.

›››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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