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05 November 2024 - Year XXVIII
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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
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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