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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
15:08 GMT+1
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BRIEFS
August 28, 2008
The Business Timesweb site
Shipping News
  • China Cosco doubles H1 profit to beat forecasts
    China Cosco Holdings, the flagship of the country's premier shipping conglomerate, beat forecasts to more than double its first-half earnings as China's unabated demand for resources and materials lifted freight rates.
  • China Shipping's H1 profit sinks 45%
    China Shipping Container Lines Co, the country's second-largest cargo-box carrier, said first-half profit dropped 45 per cent after fuel costs surged and the global economic slowdown stunted demand.
  • Captain blamed for Philippines ferry disaster
    A Philippines ferry captain sailed toward the eye of a typhoon in a disastrous error of judgement that left nearly 800 people dead, according to an official probe reported yesterday.
  • Hyundai Heavy, Posco in bid for Daewoo shipyard
  • Baltic Dry Index chalks up five days of falls in a row
  • Maersk buys Brostrom for 3.62b kroner

Sched Netweb site
  • TSA's bunker surcharge spikes to record high
  • NANZDA raises China, HK-New Zealand rates from September 15
  • Soaring fuel costs, lower demand cut CSCL profit 45pc
  • California state assembly passes $60 per box tax
  • Kenya Ports Authority to auction 8,000 uncollected boxes
  • Schenker Australia lays off 30 workers in Sydney
  • Port Elizabeth handles record volume of boxes in July
  • UN trims air logistical support for Burmese cyclone victims
  • United names Dillman vice president of operations control
  • NZ Freightways posts earnings of despite challenging market

Exim Indiaweb site
  • Shipping cos charting new course to raise funds for fleet expansion
  • 9 lakh tonnes of vegetable oil to be imported for festive needs
  • Ro-Ro facilities ramped up at Mumbai Port
  • United action sought to save Haldia Dock
  • Revamped sub-station to supply uninterrupted power to Cochin Port
  • IMC panel to prepare conceptual plan
  • SE Rly freight earnings up by 45 pc
  • SEZs may turn India into global manufacturing hub-PwC
  • Oil PSUs propose price hike on diesel sold to industries
  • Export curbs may go only after festivals end
  • Exporters smile as Re. plunges vis-'-vis the greenback
  • India-Asean FTA round the corner
  • MoF: No end in sight to price fever

International Transport Journalweb site
  • Swedish post office with higher revenue

Maritime Global Netweb site
AUGUST 27, 2008
  • Demand hits CSCL
  • CMB sees high earnings, exchange hit
  • Deep Sea Supply enjoy good six months
  • Independent Tankers entirely shipshape

Marine Logweb site
AUGUST 27, 2008
  • Liberia suspends LISCR renewal negotiation
  • Maersk makes offer for Broström

World Wide Shipperweb site
AUGUST 27, 2008
  • Everett port board Oks contract for MSRC remodel
  • Truck tonnage index falls again during July
  • National Retail Systems nets highest SmartWay score
  • Seattle Port Commission votes in Resolution 3605
  • TSA bunker fuel surcharge will hit record high September 1

Lloyd's Listweb site
AUGUST 27, 2008
  • Oil prices to stay above $100 per barrel, says IEA
    INTERNATIONAL Energy Agency executive director Nobuo Tanaka insists oil market has changed, possibly for ever.
  • High price of oil fuels hunt for black gold
  • Luxury yacht robbed off Corsica
    PROBE launched after more than €130,000 stolen onboard Caymen Islands registered Tiara.
  • AP Moller unleashes $569m bid for Brostrom
    DANISH giant bids SKr57 a share to in bid to add 94 product tankers to fleet.

Fairplayweb site
AUGUST 27, 2008
  • Fraud targets Liberian Registry
    FBI agents and investigators from the Liberian government are looking into charges by the Liberian International Ship and Corporate Registry (LISCR) that it has been falsely accused of bribing high government officials ' including President Ellen Johnson-Sirleaf
  • APM asset sales turn loss to profit
    GAINS from asset sales helped AP Møller-Maersk (APM), the Danish shipping giant, to turn its key container shipping business to a net profit of $73M in 1H08 from a loss of $219M in the same period last year
  • CMA CGM expands in Brazil
    FRENCH carrier CMA CGM will continue in expansion mode in Brazil next year when it introduces 10 vessels of 6,000 TEU capacity into the Brazil to Asia trade, replacing 2,800 TEU ships
  • Wan Hai sells and leases back four ships
    WAN Hai Lines of Taiwan has concluded sale and leaseback transaction for four container ships with a group of 10 banks led by Citibank
  • STX shuffles top management
    STX Shipbuilding has reshuffled its top management cadre to strengthen global production network after the takeover of Norway's Aker Yards
  • Four submit LOIs for Daewoo Shipbuilding
    Four companies - Posco, Hyundai Heavy Industries, GS group and Hanwha - have submitted letters of intent for Daewoo Shipbuilding

The Journal of Commerceweb site
AUGUST 27, 2008
  • Maersk container results improve
    Container activities for A.P. Moller-Maersk showed marginal improvement during the first half of this year.
  • Cosco profits double
  • TWIC compliance extended
  • Hurricane threatens Jamaica
  • Customs sets ACE testing
  • Maersk adds U.S.-flag tanker
  • NYK joins Indamex lines
  • NRS readies clean trucks for Port of Los Angeles
  • Lufthansa Cargo expands security measures in US
  • Brazil asks sanctions on US cotton subsidies
  • A.P. Moller buys Brostrom

Containerisation Internationalweb site
AUGUST 27, 2008
  • Maersk Line still trading in the red: full year to be 'highly challenging'
  • Grand Alliance boosts Amsterdam's box throughput
  • NYK strengthens presence on IEX service with own vessel
  • Gothenburg adds X-Press for Russia
  • CSCL's H1 profit dives 45% due to US and Europe slowdown

TradeWindsweb site
AUGUST 27, 2008
  • Fistes heads west
    Toronto-based blank cheque company Tailwind Financial ties up with Nicholas Fistes-led Grand Union in a 20-bulker deal.
  • Sunrise's sunset
    VLCC will be a tanker no longer as Modec converts the Sunrise IV into an FPSO for a charter to Petrobras.
  • Let's list again
    Oslo float on the cards for Havyard Group to help fund growth of the company, Njal Saevik says.
  • Feds OK merger
    Antitrust regulators give General Maritime and Arlington Tankers the green light to merge.
  • Exxon to pay up
    ExxonMobil reaches settlement with fisherman and other plaintiffs in legal battle over the Exxon Valdez.
  • Liberia probe
    FBI called in to investigate an apparent attempt to expose corruption at heart of west African government over running of world's second biggest register.
  • Boa beaming
    Norwegian owner secures strong price for 2008 AHTS ship from unnamed listed company.
  • Maersk up and down on oil
    Danish giant benefits from rising oil prices but container shipping still sickly.
  • Costs bite Nordic
    Weak chemical tanker market and "extraordinary expenses" on a product tanker send profit down at Nordic Tankers.
  • D'Amico double
    Italian owner pockets $58m profit from sale of two MR products carriers.
  • Lasco lower
    Latvian tanker owner's first half operating result stable, but it can't match last year's ship sale gains.
  • Uljanik fading
    Profit down sharply in first half at Croatian tanker and bulker owner.
  • Maersk moves
    Danish giant beefing up tanker operations with $567m takeover of Swedish products carrier player Brostrom.
  • BMI flags 'failures'
    Enquiry into Princess of the Stars disaster in Philippines finds captain and owner "failed" in responsibilities.
  • Terminal on deck
    Japan's Inpex plans to build a $912m LNG import terminal for 2014 launch.
  • Bad vibrations
    BC Ferries probing claims their powerful new Super-C class ships have caused damage to homes in Nanaimo, Canada.
  • Fisher up again
    UK shipping group's first half profit rises, but products tankers endure "disappointing" period due to operational problems.
  • Deep pockets
    John Fredriksen's offshore owner Deep Sea Supply piles on profit in second quarter as fleet grows.
  • Brostrom suffers
    Swedish products tanker owner's profit shrinks in tough first-half market as Maersk prepares to buy company.
  • Usual suspects
    Four bidders ' HHI, Posco, Hanwha and GS - line up for stake in Daewoo, but who stands tallest?
  • A good match
    Brostrom's chief Lennart Simonsson explains why the Maersk offer was one they could not refuse.
  • Unsweetened
    Bourbon's profit falls in first half as it misses sweetener of sugar facility disposal last year.
  • Stiff competition
    Fears of bidding war as deadline for expressions of interest in Daewoo Shipbuilding nears.
  • Titan tanks
    Losses from discontinued operations push Hong Kong owner and builder into the red.
  • Pride back at SHI
    Texan driller returns to Samsung Heavy Industries for fourth deepwater drillship.
  • EMS expands
    Annette Justad-led Eitzen Maritime Services buys Argentine ship supply company.

American Shipperweb site
AUGUST 27, 2008
  • China COSCO more than doubles first half profit
  • China Shipping Container Lines profits hammered by soaring costs
  • A.P. Moller - Maersk invests in product tanker business
  • Philadelphia shipyard wins battle with union
  • New fund for investing in shipping
  • CMB says prospects for second half good
  • AirNet replaces CEO after going private
  • ATA truck tonnage index falls in July
  • USDA proposes "systems approach" to Chilean grape imports
  • FMC reviews 42 OTI license applications
  • End of trucker strike provides port relief in Karachi
  • CBP seizes fake Nikes, handbags at SoCal port
  • House will hold hearings on New Orleans oil spill

The Scandinavian Shipping Gazetteweb site
AUGUST 27, 2008
  • Maersk offer to acquire Broström
    Through its Swedish subsidiary, Maersk Product Tankers, A.P. Møller-Mærsk has announced a cash offer for all shares in the Stockholm-listed Swedish product tanker owner and operator Broström. The owners of all A shares have accepted to sell all ...

The Bunker Bulletinweb site
AUGUST 27, 2008
  • Australian opening for O.W. Bunker
    New office to focus on bunker buyers' needs in Australia and New Zealand.
  • Container lines struggle with rising costs
    Orient Overseas Container Line says second half of the year is proving more challenging.
  • Cosco cuts bunker consumption
    Shipping conglomerate sees profits double but warns that costs remain 'the toughest challenge'.
  • Ferry operator adding fuel surcharges
    Big surcharge increases coming after company has 'absorbed millions' in extra costs.
  • Singapore bunkers show strong gains
    Prices firm across the region.
  • Rotterdam market quiet
  • Titan suffers H1 losses
    Hong Kong-listed firm in the red despite higher revenues in the first-half.
  • Oil 'could' fall below $100
    Oil prices may dip on falling global demand and rising oil production, EIA chief says.
  • CSCL takes profit hit
    Higher bunker fuel costs and slower trade result in 45% drop in H1 profit.

›››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%)
PORTS
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
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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