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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:49 GMT+1
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BRIEFS
November 27, 2008
The Business Timesweb site
Shipping News
  • Somali piracy may cost Egypt dearly
    For nearly 140 years, it has been a vital shortcut between East and West, cutting days off the time ships must travel from Asia to Europe or America.
  • Delivery times and cost of goods driven up
    Piracy off Somalia is driving up delivery times for goods and resources and could tighten inventories of vital commodities, ship industry sources said.
  • Spotlight on China maritime industry at Sea Asia
    CHINA'S maritime industry will be in the spotlight at Sea Asia 2009, a regional maritime show scheduled to take place in Singapore next April.

Sched Netweb site
  • China's October ports volume growth continues to slide
  • WB cuts growth from 9.2 to 7.5pc, urges welfare spending
  • NYK holds annual global manning meeting in Tokyo
  • IMO 'Go to sea!' campaign recruits sea officers and women sailors
  • Changsha to Shenzhen fixed rail service launched
  • Maersk unloads its underperforming UK trucker
  • Customs agents in India take hit from economic slowdown
  • Salalah Port orders 42 terminal tractors from Kalmar
  • Ohio hub hit with 283 ABX Air layoffs in DHL-UPS deal
  • Qantas flies direct from Sydney to Buenos Aires
  • China Southern Airlines launches wide range of services
  • Hong Kong airport expands to maintain regional hub rank

Exim Indiaweb site
  • NOL announces cost reduction initiatives
  • IMU ties up with 5 foreign institutes, IIM-A & IIM-B for maritime courses
  • Navy wants UN mandate for 'hot pursuit' at sea
  • China compelling shipyards to pause & take stock
  • OOCL wins InfoWorld 100 Award for tech innovation
  • GE Shipping to sell 2 dry bulk carriers
  • Gangavaram port facilities being tested for formal opening
  • Vallarpadam ICTT will make Cochin Port a strategic location for shipping, says DP World CEO
  • Plunging tonnage to deplete Asian airlines' revenues by 20 pc
  • Drugs exporters wincing at possible doses of non-payments
  • Steel industry calls for CVD on imported products
  • Export duty on Basmati rice under review

International Transport Journalweb site
NOVEMBER 26, 2008
  • Bernhard Simon named family business entrepreneur of the year
  • Two big alliances combine forces in Asia-US east coast trade
  • Crane Worldwide buys four companies

Marine Logweb site
NOVEMBER 26, 2008
  • General Maritime to appeal guilty verdicts in pollution case
  • Atwood gets $280 million credit facility
  • Destroyed mother ship was recently hijacked trawler

World Wide Shipperweb site
NOVEMBER 26, 2008
  • Everett Port Commission Oks 2009 operating budget
  • ATA trucking index falls again in October
  • Memorial service set for Harry Hutchins
  • Corps to begin repairs of Coos Bay North Jetty
  • Evergreen Line plans shipping service changes

Lloyd's Listweb site
NOVEMBER 26, 2008
  • Cargill snaps up capesize for $1,000 per day
    DIRE conditions in the capesize market lead to commodities giant fixing relet vessel at extremely low time charter rate.
  • It's going to get bloody, says Pacific Carriers
  • Chinese yards expect owners to re-negotiate orders
    REQUESTS to alter ship types and agreed prices on existing orders are expected as the shipping industry deteriorates.
  • Nordea boss warns on dry bulk newbuild defaults
    SHIPPING banker Carl Steen says many owners with loan commitments may not be in compliance with their agreements.

Fairplayweb site
NOVEMBER 26, 2008
  • Flood could close Brazil port for months
    IT COULD months rather than days before operations get back to normal at the flood-hit Brazilian ports, devastated by floods and rainfall this weekend, Fairplay learned today
  • GL hails radical redesigns
    GERMANISCHER Lloyd said today a radical redesign of newbuildings should shepherd that market through the credit crunch
  • Ore fall scuppers Oz port project
    IMPROVEMENTS to the Territory Resources facilities in Darwin have been dropped after the slide in iron ore spot prices hit the company's finances and drove its share price down

The Journal of Commerceweb site
NOVEMBER 26, 2008
  • Evergreen Line cutting capacity by merging east-west container services
    Line will merge Asia-Europe, Asia -United States services into one pendulum service with eastbound, westbound legs
  • Vancouver port plans big spending for expansion
  • Nordea Bank calls its shipping exposure "modest"
  • S&P downgrades CMA CGM
  • Weekly increase for container, trailer rail freight
  • Gain for Tokyo boxes
  • Rate hike for UK insurer
  • Nehru charges approved
  • Europe rail deal approved
  • Pacer buys clean fleet
  • German rail facing 'abyss'

Containerisation Internationalweb site
NOVEMBER 26, 2008
  • Alphaliner: 400,000 TEU idle by January
  • US truck index plunges by 3%
  • Tacoma loses Maersk
  • Evergreen merges services to cut capacity
  • ICC calls for the unlocking of liquidity to spur trade

TradeWindsweb site
NOVEMBER 26, 2008
  • Genmar convicted
    A US federal jury finds General Maritime and two officers guilty in a pollution case.
  • US stocks fly
    Shipping stocks proved they are not flightless turkeys, as they soared to extend a three-day winning streak.
  • Rains slam Itajai
    Ships have been unable to call at Brazil's second largest container port after deadly flooding.
  • 'Sell' Excel
    Cantor Fitzgerald analyst downgrades the Stamatis Molaris-led bulker owner's stock over high leverage.
  • Shipyard booster
    Additional NOK 3bn ploughed into GIEK's Building Loan facility to aid unfunded vessels.
  • Poised to survive
    Remi Maritime chief executive says Greek owners are well-positioned to make it through the downturn.
  • Duo in FFA move
    Richard Sayer's Galbraith's and Interdealer broker Tradition launch tanker derivatives desk with Justin King in charge.
  • Driller finds credit
    Rig and drillship owner Transocean lands $1.08bn revolving credit facility with JP Morgan Chase.
  • DFDS cuts back
    Lower nine-month profit leading to job cuts and capacity reductions at Danish ro-ro and ferry player.
  • Pirate queen
    Rich American said to be talking with hijackers who know "gravy train" has reached end of line.
  • Piraeus deal done
    Dockworkers in Greece demonstrate against the signing of a $1.05bn deal for Piraeus boxship terminals by Cosco.
  • Bergen better
    Norwegian shipyard group boosts third quarter earnings and is optimistic for 2009 despite global financial crisis.
  • Golar still short
    John Fredriksen's LNG arm overturns last year's third quarter loss but analysts were looking for more.
  • Bulker buy-back
    Michael Bodouroglou-led Paragon Shipping pressing ahead with a $20m share buy-back scheme.
  • ABG death fury
    Crane accident that killed Indian shipyard worker sparks riot and police intervention in Surat.
  • Hot water
    Two ships held in Japan during October for faults with oily water separators.
  • Wrong target
    Indian navy sank Thai fishing vessel being hijacked, not "mothership" in nervy Gulf of Aden.
  • Evergreen rejigs
    Taiwanese container line brings in extra 5,300-teu vessel as it reorganises Europe/Asia/US runs to cut bunker costs.
  • Waved through
    French offshore player GGG Veritas kicking off offer for Wavefield Inseis after Oslo Bors okayed deal.
  • Worker killed
    Man dies at STX Europe's Turku shipyard in Finland after being crushed against lift.
  • SpeedFerries fails
    Administrators unable to find buyer for bankrupt Dover to Boulogne operator, which will now go into liquidation.
  • FMM funds MPSVs
    Brazilian development bank approves $122m loan for four multipurpose platform supply vessels.
  • Bunker crisis?
    Fears grow that South Africa will be unable to meet demand for fuel from ships diverted away from piracy in Gulf of Aden.
  • Hurt goes on
    Struggling Norwegian ferry and cruise player Hurtigruten racks up nine-month loss as financial restructuring continues.

American Shipperweb site
NOVEMBER 26, 2008
  • DeTrenck: Container business weakness to persist until 2010
  • Marshall Islands registry grows
  • MarAd creates high school curriculum
  • Evergreen reshuffles services
  • OSG pollution fines total $37 million
  • Matson raising Hawaii rates and THCs
  • "K" Line, partner take delivery of LNG carrier
  • Protesters take control of Bangkok airport
  • CBP checks more "empties" on SW border
  • Obama: National priorities should guide infrastructure investment
  • U.S. rule heightens view of railed hazmat
  • Maersk affiliate signs lease at Dallas Logistics Hub
  • Ex-Im Bank takes action to boost exports
  • OECD countries affirm commitments to free trade, aid
  • Korean retailers stock U.S. beef
  • U.S. consumer spending drops 1%
  • Software provider reports higher earnings
  • FMC reviews 2 OTI license applications

The Scandinavian Shipping Gazetteweb site
NOVEMBER 26, 2008
  • Norwegian shipping company buys British bulker bargains
    The Norwegian shipping company Viken Shipping confirms that it has bought five bulk carriers from the bankrupt shipping company Britannia Bulk, Lloyds List reports. The price for the five vessels is not disclosed but according to brokers, Viken Shipping paid ...
  • Yemeni ship captured
    Somali pirates has seized a Yemeni bulk ship loaded with 507 ton of steel. The vessel was captured off Somalia and has now been brought to the coast for ransom negotiations, reports several international news sites. According to Lloyd's List ...

The Bunker Bulletinweb site
NOVEMBER 26, 2008
  • Ferry to use blended fuel
    Hybrid commuter vessel reportedly emits ten times fewer emissions.
  • Container line in move to reduce bunker bill
    Evergreen to merge two of its east-west services.
  • Bunker costs up in Q3
    European operator says not all the increases could be passed to customers.
  • Bunker demand 'being destroyed'
    Asia supplier says sales volumes down 20% to 30%.
  • Calls for sales tax on bunker fuel
    US environmental group says tax would help limit air pollution in ports.
  • Singapore prices soften mid-week
    Prices in most other key Asian ports also down.
  • East Asian port faces supply disruption
    Traders in Manila unable to offer 380 cst bunker product.
  • AADA to further cut bunker surcharges
    Reduction reflects lower bunker prices.
  • Progress in Indian bunker terminal project
    Construction scheduled to start around the middle of 2009

›››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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