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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
13:01 GMT+1
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BRIEFS
February 28, 2008
The Business Timesweb site
Shipping News
  • China shipyard warns of sector slump
    China's No 1 shipyard expects rosier 2008 earnings after having secured better prices, but warned yesterday of slowing orders for new ships as a United States economic recession threatens to crimp global trade.
  • Thai Airways posts 54% dip in profit
    Thai Airways International Pcl, the country's largest carrier, posted a 54 per cent decline in profit in the last three months of 2007 because of currency fluctuations.
  • US Airways adds US$25 charge for second bag
    US Airways Group Inc said it will start charging fliers US$25 to check in a second bag, the latest effort by the company to raise revenue and deal with rising costs.

Sched Netweb site
  • MSC to offer Central America service from mid-March
  • Colombo box port likely to founder over Hong Kong-Singapore row
  • Hainan's Yangpu port boosts container throughput 30pc in 2007
  • Long Beach snubs Teamsters, drops LA to start its own clean truck plan
  • UK's Abnormal Load Services opens Singapore office
  • Pacific Basin Shipping diversifies into ro-ro, orders four ships for US$375 million
  • Shipping lines, CTs exact 300pc rise in Nigerian box handling charges
  • China Maritime 2008 exhibition comes to Hong Kong March 12-14
  • St Louis looks to developing air cargo hub for China trade
  • Boeing, Virgin, GE Aviation to fly first biofuel jet
  • Continental orders 27 Boeing 777s and 737s

Exim Indiaweb site
  • SAL receives new heavy-lift vessel, m.v. Frauke
  • GE Shipping contracts to sell 2 MR product tankers
  • Essar Shipping to raise $ 1 bn through bonds
  • Modest Infrastructure bags Ambuja Cement order for 2 ships
  • Panel of judges announced
  • Vizag Seaports handles over 3 m tonnes of bulk cargo in April-Jan. 2007-08
  • R. Shinde elected Secretary of Port Workers' Federation
  • Sweeter daily record in salt discharge set at Vizag Port
  • Sical Logistics lays ground for Nagpur road terminal
  • Gati's strategic deal with GLS to garner larger slice of European market
  • Top container operator sees need to tweak wagon leasing policy for smooth going
  • IMC chief lauds Lalu for exemplary, growth-oriented, pro-people policies
  • Lalu on the right track, says AIAI head
  • Lalu budgets for big-ticket private investments
  • CONCOR to set up 8 more ICDs in 2008-09
  • The Wheels of Change
  • Goa CM open to dialogue with SEZ promoters

International Transport Journalweb site
  • Eimskip CEO leaves company
  • MSC (USA) announces new Central America service
  • ABSA Cargo Airline adds to international network
  • ERS launches new shuttle Rotterdam'Bologna
  • Gruber Logistics banking on more airfreight
  • Iata World Cargo Symposium 2008

Maritime Global Netweb site
FEBRUARY 27, 2008
  • Russian ship freed
  • GEM orders aframaxes
  • "Strong growth" for Deep Sea
  • Intercargo in vetting deal

Marine Logweb site
FEBRUARY 27, 2008
  • BC Ferries reports third quarter loss
  • Gulf Island records soaring income and revenues
  • Former Lott staffer joins Northrop Grumman
  • ABG delivers AHTS to Lamnalco
  • Chang takes helm at ST Marine

World Wide Shipperweb site
FEBRUARY 27, 2008
  • Final Blair Waterway piling driven for Port of Tacoma project
  • Crowley nets contract for Alaska cruise ship program
  • TrentonWorks Ltd. applies for receivership
  • Washington governor co-chairs transportation policy meeting
  • US steel import numbers up during month of January

Lloyd's Listweb site
FEBRUARY 27, 2008
  • Rights debate threatens to derail new casualty code
    AMMENDMENTS to make mandatory flag state investigations into casualties face delays by disagreement over seafarers' rights.
  • Accident probe consensus is elusive
  • UK box ports to remain in 'tight balance'
    TOP government transport economist predicts continuing tight balance between capacity and demand over next five to ten years.
  • Britain coastguard strike to go ahead
    MARITIME and Coastguard Agency staff belonging to PCS union to start 24-hour

Fairplayweb site
FEBRUARY 27, 2008
  • Genoa to kick PSA out of Voltri?
    Genoa Port Authority has threatened to withdraw its terminal concession to Voltri Terminal Europa if productivity does not improve
  • Indians probe Rezzak crew manager
    INDIA'S directorate general of shipping has ordered an inquiry into the Mumbai-based ship management company that provided manpower to the missing vessel Rezzak
  • UK to act on seafarer 'poverty' pay
    THE legislative process has started in both houses of the UK parliament to bring to an end "poverty wages" paid on British vessels
  • OSG profits halved despite rally
    Overseas Shipholding Group's profits plunged 46% last year on a mix of much lower freight rates and higher fuel costs
  • Arntzen in bullish mood
    Overseas Shipholding Group CEO Morten Arntzen contends that flat VLCC capacity, higher tonne-mile routes and accelerated phase-outs bode for a very good year
  • USCG joins burning reefer battle
    SEAFARERS and fishermen aboard the reefer vessel Pacific Glacier have contained a below-decks fire this morning as the USCG Cutter Alex Haley has evacuated most of the crew
  • ASRY fraud official identified
  • Crowley seals cruise ranger contract
  • Boskalis renews Smit assault
  • Congress presses MarAd on shortsea
  • Burnt ship still hampers Santos
  • Three new box berths for Busan
  • Sharp downturn forecast for LA/LB
  • Courage soars on 'sizzling' rates

The Journal of Commerceweb site
FEBRUARY 27, 2008
  • Long Beach urges Los Angeles to drop employee truck driver mandate
    Split widens between LA and Long Beach over plan to reduce pollution from harbor trucks at busiest box hub.
  • S. Calif. shippers facing another container fee
  • ExxonMobil urges Supreme Court to limit Valdez award
  • Court nixes California low-sulfur fuel rules
  • WTSA sets fuel fee hike
  • Costa Rica granted delay for CAFTA qualification
  • Steel imports up 33%
  • Long Beach wants LA to drop employee-driver mandate
  • Worker dies at NJ port
  • Maersk adds Asia-Mideast loop
  • China inflation increases

Containerisation Internationalweb site
FEBRUARY 27, 2008
  • Geodis aiming to buck the credit crunch in 2008
  • Kramer wins Zim barge traffic at RCT Rotterdam
  • Hamburg Sud confirms new arrangements for NE Asia/Australia service
  • Kalmar beefs up Tacoma's operations
  • APM T finds nearby solution to barge congestion at Rotterdam

TradeWindsweb site
FEBRUARY 27, 2008
  • Owner's profit tanks
    New York-based General Maritime sees quarterly profits sink 77% as a result of interest and 'other' expenses.
  • Moody's cuts box hauler
    Puerto Rico container barge specialist Trailer Bridge gets outlook cut to negative on international economic worries.
  • Eagle talons grab profits
    New York bulker owner sees profits nearly quadruple in the fourth quarter as a growing fleet pays off.
  • Golar LNG downgraded
    Two analysts cut the rating for the US-listed LNG carrier owner, as Jefferies adopts a cautious sector outlook.
  • Court eyes damages cut
    Supreme Court hears arguments on the Exxon Valdez case, with some justices signalling that ExxonMobil's $2.5bn punitive damages bill might be too high.
  • MCA strikes go ahead
    Coastguard and surveyors vote to take unprecedented action in escalating pay dispute.
  • Ranger deal worth $4m
    Crowley Maritime confirms it was tapped to provide onboard "ocean rangers" to monitor cruiseship discharges in Alaska.
  • Fresh twist for Piraeus strikes
    Port authority to fight dockers in court after unions extended industrial action into a third month.
  • OSG upgraded
    Bear Stearns analyst lifts OSG rating after the US tanker owner's earnings beat expectations.
  • OSG America posts $3.6m
    OSG offshoot's six weeks in operation in the fourth quarter lead to $3.6m in profits.
  • Shipbuilding losing its Zhang
    Dalian vice-president says yards are bracing themselves for the end of the newbuilding boom.
  • Attica to swallow Blue Star
    Greek ferry owner to absorb separately listed subsidiary, but no share exchange ratio yet decided.
  • Jinhui: 'further orders on ice'
    Big-spending owner will not add to its bulging orderbook unless exceptional opportunity arises, vice-president says.
  • Gloom for Global
    Malaysian tanker owner hit by lower rates as profits and revenues droop in 2007.
  • Ship sale not enough for Jutha
    Thai multipurpose owner sees 2007 profit slip despite gains from asset disposals.
  • Tax whacks Farstad
    Norwegian offshore owner feels punch of new taxation regime as annual profit gets floored.
  • Bulkers booming for Jinhui
    Big spending owner sees full year profits jump 73% as charter rates send turn-over into orbit.
  • Solstad suffers tax turmoil
    Norwegian offshore ship player's 2007 profit clobbered by changes to tax regime.
  • Eidsiva blown off course
    Rudder lost in Japanese typhoon and engine failure ratchet up operating costs at Norwegian ro-ro and car-carrier owner.
  • GEM orders aframax double
    Samsung to build two high-spec tankers for Dubai owner to capitalise on Middle East trade to the west.
  • GE bucks the trend
    New tonnage sold by Indian owner which has been cashing in on older ships for the past year.
  • Tax, costs eye-openers at REM
    Fourth-quarter loss for Norwegian offshore owner but annual profit and revenues wide awake.
  • Rieber digs deep
    Oslo-listed owner snaps up subsea operator Scan Mudring while posting bigger 2007 profit.
  • Strategic adds three more
    Australian yard wins repeat order for offshore service ships from Indonesia's Baruna Raya.
  • Numbers up at Austal
    Interim profits jump over 50% at Aussie fast ferry specialist, but cancelled US deal may hurt in 2008.
  • Costly half-year for PDZ
    Operating expenses push down interim profit at Malaysian boxship owner.
  • Profits halve at Halim
    Malaysian boxship and tanker operator hit by drydockings, costs and currencies in fourth quarter.
  • Good start for Aker Philadelphia
    US shipyard increases 2007 profit following split from shipowning arm Aker American Shipping.
  • Lamnalco persists with bid
    Towage and marine terminal services outfit will continue to pursue merger, despite Smit saying no.
  • Narrow squeak for Petrojarl
    Teekay's Oslo-listed FPSO owner scrapes into profit for 2007, but costs still hurting.
  • MISC plans PTP stake
    Malaysian liner operator plans to invest in domestic container terminal Port of Tanjung Pelepas.

American Shipperweb site
FEBRUARY 27, 2008
  • Emirates Shipping Line ready to double capacity
  • Value of China ocean trade up 21.1% in 2007
  • MSC announces new service to Central America
  • Lufthansa beats 2007 profit target
  • Third runway at Hong Kong airport to be studied
  • Host of new freight rail terminals in India's rail budget
  • Clinton, Obama spar over NAFTA
  • China trade surplus won't be stopped
  • Indian logistics firm ties up with parcel giant GLS
  • Agility buys Madrid, Barcelona activities of Combalia
  • RILA selects Jones to lead asset protection
  • Geodis sees profit rise of 11% in 2007
  • FMC reviews 20 OTI license applications
  • Lowenthal container tax bill on the move again in Calif. Legislature
  • Stevedore sues over Matson Hawaiian docker hirings

The Scandinavian Shipping Gazetteweb site
FEBRUARY 27, 2008
  • 2007 a strong year for Transatlantic
    A record high operating result of SEK 281 million (EUR 30.1 million) is highlighted when the Swedish and Skärhamn-based shipowning/ship operating company Transatlantic closes its books for 2007. All divisions show positive results, led by offshore with ...
  • Wani Will salvaged on Bornholm
    The Norwegian owned coaster Wani Will has been salvaged from the stranding position outside the port of R'nne on Bornholm. The operation went smoothly after some 17 tons of marine diesel oil were pumped ashore and with the help from ...
  • King of Scandinavia out of service after accident
    DFDS's passenger vessel King of Scandinavia will be out of service the rest of this week after an accident last Friday in Newcastle. During the storm last weekend, the King of Scandinavia was blown from its berth in Newcastle. The ...

The Bunker Bulletinweb site
FEBRUARY 27, 2008
  • Bunker market report from Praxis
  • Bunker prices pulled higher by crude
    But demand in bunker hubs remains weak.
  • Crude down from record on US stock data
    Weekly DOE report shows continued increases in US oil inventory, sending prices down from new all-time highs.
  • Barge operators in 'impossible position'
    Dutch association for independent suppliers repeats call for standard contract.
  • Q4 profits boosts Chemoil's full year result
    Group's total assets nearly doubled during 2007, but annual profits slump.
  • Three new traders for O.W. Bunker UK
    Former BP employee joins company today.
  • Operations starting at new Fujairah terminal
    Chemoil joint venture has carried out is first cargo discharge.
  • ARA market firmer following crude gains
  • Japan bunker firm buys Korean cargoes
    South Korean refiners quoting higher premiums for bunker grade cargoes on tight supplies.
  • Hong Kong supply tightness to ease
    Cargoes of 180 cst material expected this week and next.
  • Crude oil continues to climb
    Crude oil prices above $100 per barrel but bunker markets soften.

›››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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