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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
October 27, 2008
The Business Timesweb site
Shipping News
  • Hanwha's Daewoo bid raises funding worries
    Hanwha Group's successful bid for the world's third-largest shipbuilder raised concern the South Korean industrial company may struggle to raise funds for the buyout amid the global financial crisis.
  • Maersk to cut by 10% Asia-Europe capacity
    A P Moeller-Maersk, owner of the world's largest container line, will cut shipping capacity between Asia and Europe by 10 per cent as the global economic slowdown slows demand growth.

Sched Netweb site
  • Hanjin takes delivery of fifth 4,300-TEU Samsung ship
  • China Shipping builds world's largest floating shipyard
  • Nansha down 3.6pc in August, 5.4pc in September
  • TS Lines to start Mideast service, to expand intra-Asia
  • CMA CGM executive declares slow steaming is way of today
  • Kuehne + Nagel to buy up French consolidator Alloin
  • United Airlines posts quarterly US$780 million loss
  • WFS to provide Royal Jordanian UK-Irish cargo handling
  • World Bank indicates support for improving Aden Air Cargo Village

Exim Indiaweb site
  • Globelink WW starts LCL consolidation services from MICT
  • Double delight for NOL at Lloyd's List Asia Awards ceremony
  • High ransoms causing 'catastrophic losses', says ship insurer Lloyd's
  • Varun Shipping's Q2 net soars by 188.02 pc
  • GE Shipping Q2 net up by 47.65 pc
  • CMA CGM expands service coverage between S. America EC & N. Europe
  • Maersk Line's Boomerang service starts Chiwan calls
  • Zim divides offering, forms new transpacific APX service
  • TNWA to prune tonnage by 20 pc on Asia-N. Europe route
  • TSA sees slight transpacific rebound in late 2009
  • ...changes European terminal handling charges
  • Castor oil exports reaching for 3 lakh tonnes
  • Port capacity additions under way to cater to XI Plan cargo projections-Baalu
  • FIPB gives green signal for Hitech Infra's investment in Krishnapatnam port project
  • Sical Logistics operates third box train on Delhi-Chennai sector
  • CWC presents Rs 6.18-cr. dividend cheque to Minister
  • EoIs invited for setting up mega food parks
  • 3 players join hands to set up warehousing infrastructure in Maharashtra
  • US-based Mosaic plants seeds of goodwill at IFFCO Kandla
  • Relief for MSME sector, but causes for concern remain-Fieo
  • Moody's sees flight of capital after repo rate cut
  • Credit policy uninspiring: IMC

International Transport Journalweb site
OCTOBER 24, 2008
  • Study uncovers true costs of Europallet exchange

Maritime Global Netweb site
OCTOBER 24, 2008
  • French destroy "pirate boats", hand over suspects
  • Bocimar result "in line with expectations"
  • St Lawrence Seaway deal confirmed
  • Panama Canal contract bid date put back

Marine Logweb site
OCTOBER 24, 2008
  • Horizon Lines cuts earnings guidance
  • Hanwa named preferred bidder for Daewoo Shipbuilding
  • Northrop Grumman Shipbuilding in nuclear power JV

World Wide Shipperweb site
OCTOBER 24, 2008
  • APL slashing capacity in global service network
  • Panama Canal Authority extends bid date for lock construction work
  • Coast Guard honors deputy for rescuing children from river
  • Corps set to put in place repaired John Day lock gate
  • Rail freight traffic totals head lower during week

Lloyd's Listweb site
  • Japanese shipowners profits soar, but forecasts cut
    JAPAN'S big three shipowners all reported soaring profits for the first half, but both Mitsui OSK Lines and K Line cut their full year profit forecasts.
  • Maersk cuts nine ships from Asia-Europe trade
  • Sinotrans-CSC Group merger gains approval
    SINOTRANS Group and China Yangtze Transportation Group (CSC Group) have gained government approval for their merger proposal.
  • Noble set for highest ever quarterly profit
    HONG KONG's Noble Group says it is set to report its highest ever quarterly profit.

Fairplayweb site
OCTOBER 24, 2008
  • Hanwha a surprise pick for Daewoo
    Daewoo's facilityHANWHA has been picked as the preferential bidding group for a controlling stake in Daewoo Shipbuilding & Marine Engineering
  • London shipping stocks take hit
    NASDAQ shipping stocks geared down in London today on the global equity downturn
  • OPEC trimming output
    OPEC agreed today to cut oil production by at least 1.5M barrels a day from its current production ceiling
  • French seize nine pirate suspects
    NINE MEN suspected of being pirates have been captured by the French navy and handed over to Puntland officials in northern Somalia
  • Gulfport plans LA-scale box expansion
    GULFPORT in Mississippi ' which was virtually levelled by Hurricane Katrina ' might become one of the world's largest box ports after this morning's approval of a $1.6Bn expansion
  • Irish sea operators cut services
    TWO IRISH Sea ferry operators plan to cut services in half between Wales and Ireland because of cost rises and the onset of winter
  • IMO numbers for paddleboards?
    US COAST Guard commanders have decided to classify paddleboards as vessels when they are used in navigational waters

The Journal of Commerceweb site
OCTOBER 24, 2008
  • Maersk cuts Asia-Europe capacity by 10%
    World's biggest ocean carrier will temporarily suspend AE8 Asia-Europe service amid slowing cargo growth, falling freight rates.
  • Intermarine expands fleet
  • Anti-trust probe, other costs hit Horizon Lines profit
  • Panama Canal traffic lower
  • Final TWIC enforcement deadline announced
  • Matson profit drops 18.6%
  • Panama extends bid deadline for expansion
  • Court affirms ruling in S. Carolina port project
  • Rail intermodal off 2.8%
  • Yusen downgrades outlook
  • UN calls for overhaul of China food safety

Containerisation Internationalweb site
OCTOBER 24, 2008
  • How deep will the cuts need to be?
    A week is a long time in politics, stock markets and the shipping industry! In a momentous week for global container trades we have witnessed normally bullish ocean carriers jockeying for position to announce capacity reductions. Like the embattled 12-members that comprise the Organisation of the Petroleum Exporting Countries (Opec) cartel, ocean carriers are fighting to halt a price slump in their product and trigger a recovery by means of a hard pruning of supply.
  • Box Charter market in freefall
  • Maersk Line cuts Asia-Europe supply to ensure 'long-term' sustainability
  • Hanjin arrival lifts the gloom
  • Senator to buy space on CMA CGM's SAFRAN service
  • Antwerp and Rotterdam both up

TradeWindsweb site
OCTOBER 24, 2008
  • Unnerving plunge
    US stocks, including shipping and offshore shares, fell sharply Friday but regained a little ground in the afternoon.
  • TMT explodes
    Nobu Su-led Taiwanese owner lambastes "malicious rumours" in market and says finances are in order.
  • Hotter for Cota
    Less heat on Fleet Management after report lays much of blame for San Francisco spill on Cosco Busan pilot John Cota.
  • Duo for sale
    A handymax bulker and a 29,100-dwt lumber carrier are the latest to test the sale-and-purchase market.
  • Hanwha wins race
    Korean industrial conglomerate triumphs in $4.2bn two-horse contest to take majority holding in DSME.
  • A ship sold
    A small chemical tanker changes hands in a virtually dead sale-and-purchase market.
  • It's quotes time
    Economou's a banker in the Top Ships Deal or No Deal show and there's plenty of fighting talk in the bulk market.
  • ACP delays bids
    Panama Canal Authority once again delays bidding for new lock bids but says it will not push back expansion project.
  • Legal onslaught
    Lawsuits in the sinking of BC Ferries' Queen of the North will not be heard as one case.
  • Not so Great
    Indian offshore owner warns of "dented confidence in the sector" after watching second quarter profit dive.
  • Quartet detained
    Canadian port state control officers held a tanker and three dry cargoships during September.
  • Terino's payday
    Retention agreement gives Arlington Tankers chief executive $1.25m if the company merges with General Maritime.
  • Horizon cuts back
    Jones Act containership owner Horizon Lines slashes full-year estimates but third quarter sees improvement.
  • BC U-turn
    Local government cash allows Canadian ferry owner to reinstate axed sailings.
  • Matson profits dip
    Declining Hawaii volumes and higher vessel costs lead Alexander & Baldwin unit's profits to slump.
  • CH chuffed
    Singaporean offshore operator sees profit rise by 16% in first quarter thanks to new vessels and a move into Latin America.
  • Garware gains
    Indian offshore owner increases second quarter earnings as new vessels join fleet.
  • Maersk axe falls
    Liner giant chops Asia-to-Europe capacity 10% following suspension of AE8 service.
  • Brevik's hat-trick
    Deep Sea Supply finds work for three anchor handlers, with contracts split between the Med and West Africa.
  • Greater Eastern
    Indian tanker and bulker player pushes up profits in six months to 30 September, but future more uncertain.
  • Crew saved
    Yemeni coastguards rescue 14 after Indian vessel capsizes off Socotra in storm conditions.
  • Opec cuts back
    Oil exporting cartel's 1.5m barrels per day output reduction not as much as tanker owners had feared.
  • Gombrii for Prez
    Nordisk veteran takes helm of prestigious international maritime law association.
  • Hurtigruten sells
    Struggling Norwegian owner offloads most of ferry network to rival Torghatten Trafikkselskap for a loss.
  • Nice for Neste
    Finnish tanker owner benefits from 'unseasonably' high crude shipping rates in third quarter.
  • Mixed bag for PGS
    Jon Erik Reinhardsen-led company sees bottom line plunge but operating profit beats analysts' estimates.
  • Globus cuts price
    UK-listed Greek owner slashes price of a handymax by 30% to secure sale, but will still see a profit.
  • Mr Freeze
    Port giant Hutchison Whampoa, led by Li Ka-shing, says new spending on ice until next summer.
  • Malta extends
    Deadline to register interest in sale of Malta Shipyards put back by a week.
  • Cruise cut
    Price targets for two US giants reduced over fears about decline in discretionary spending.
  • Down a gear
    Finnish ship engine giant Wartsila warns that orders could drop by 10% as global slowdown hits shipbuilding industry.
  • Phew!
    Indian tanker and gas carrier owner Varun breathes sigh of relief it's not in bulker business as six-month earnings grow.

American Shipperweb site
OCTOBER 24, 2008
  • EU seeks comments as future liner regulation takes shape
  • Intermarine takes delivery on first of 8 new heavy lift vessels
  • Hanjin Shipping receives new 4,300-TEU vessel
  • Coast Guard raises oversight on vessels arriving from Cambodia
  • A&B posts 33 percent drop in 3rd quarter profits
  • Bulk shipping exec pins BDI collapse on credit crisis
  • CORRECTION: Zim's port rotation for APX service
  • AirNet, BeavEx team up on service in U.S. South
  • UP 3rd quarter earnings up 32%
  • Con-way reports earnings up, demand weak
  • Hub reports increase in 3rd quarter earnings
  • States may request increased interstate ag restrictions
  • U of Fla. awarded $4 million to improve military food distribution
  • Thomas Miller launches new claims business
  • Donaldson powers European DC with Manhattan Associates' WMS
  • USDA: Canadian firewood shipments require heat treatment
  • Panama Canal extends bid deadline for expansion project
  • CAW ratifies labor contract with St. Lawrence Seaway management
  • Antwerp container volume and tonnage up

The Scandinavian Shipping Gazetteweb site
OCTOBER 24, 2008
  • Russians interested in Stella
    It looks like the ferry service between St. Petersburg and Helsinki might continue quite soon. According to the local news of Yle's Kymenlaakso radio two Russian companies and the city of St Petersburg would be interested in buying half of ...
  • Compensation to crews in the Gulf of Aden
    Crew members on DIS registered ships belonging to owners in the Danish Shipowners' Association will be paid a compensation when passing the MPSA corridor (Maritime Patrol Security Area) in the Gulf of Aden. The crew members will have an extra ...
  • Nine pirates in custody
    The French navy has seized nine suspected Somali pirates and handed them over to the judical system in the semi-autonomous Puntland region in Somalia. ' These pirates had two armed speedboats and wanted to hijack ships off Somalia waters. The ...

The Bunker Bulletinweb site
OCTOBER 24, 2008
  • Fuel oil production to fall
    Russian oil ministry official predicts cut of almost 17%.
  • Company ends bunker surcharge
    Royal Caribbean says it is reacting to global fall in bunker prices.
  • US prices continue to slide with crude
    Houston at new low but West Coast avails hold numbers up.
  • Shipping line sees bunker costs 'moderate'
    Horizon Lines says 'strict fuel conservation' is helping during 'this difficult economic period'.
  • New contact details for Energy Petrol
  • Wartsila ready to meet IMO targets
    But engine manufacturer warns of 'skills shortage' as ship operators seek to improve efficiency and reduce emissions.
  • NuStar announces 'outstanding quarter'
    Supplier and terminal operator seeing increase in marketing sales.
  • Global bunker market report
  • French shipping company faces criminal charges
    Fines being faced following fuel spill in US port.
  • OPEC cut 'not enough'
    Oil slides further despite quota cut aimed at halting price collapse.
  • Singapore bunkers at 19-month low
    Bunker prices end week with more losses at most Asian ports.
  • ARA - Many suppliers fully booked till Tuesday
  • Fishermen asked to share fuel saving ideas
    Survey to study how Alaskan fishermen cope with record bunker prices this year.
  • Brightoil prepares for Hong Kong entry
    Bunker supplier says Hong Kong will contribute 'increasingly significant portion' of group turnover.

›››File
FROM THE HOME PAGE
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%)
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.
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
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
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
Signed the final agreement on the contract of port workers
Rome
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
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
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
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
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
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.
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
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
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.
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
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%
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%
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
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
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.
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
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
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
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
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
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.
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
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"
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
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
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
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
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
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
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%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
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.
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.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
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
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
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
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
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
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
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
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
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
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
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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