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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
October 28, 2008
The Business Timesweb site
Shipping News
  • Mitsui, K-Line cut full-year profit forecasts
    Mitsui OSK Lines Ltd, operator of Japan's largest fleet of iron-ore ships and Kawasaki Kisen Kaisha Ltd, Japan's third- largest shipping line, cut their fiscal full-year profit forecasts as shipping rates drop.
  • Bulk rates fall for fifth week as demand drops
    The Baltic Dry Index, a measure of shipping costs for commodities, fell for a fifth week in London, the longest losing streak since January, on slumping demand for deliveries of iron ore, coal and steel.
  • Private security firms join Somali piracy fight
    Blackwater Worldwide and other private security firms - some with a reputation for being quick on the trigger in Iraq - are joining the battle against pirates plaguing one of the world's most important shipping lanes off the coast of Somalia.
  • Taiwan Maritime calls rumour on its finances 'malicious'

Sched Netweb site
  • 'K' Line first half profit up 14pc to US$4.9 billion
  • Wan Hai, Yang Ming shelve plans for new services
  • China's logistics park boom gives way to rationalisation
  • World's biggest cross-sea bridge opens at Hangzhou Bay
  • Tianjin port puts its Dezhou inland port into operation
  • Yingkou port launches box rail service to Europe
  • Two to 8-year sentences seen for Horizon, Sea Star price-fixers
  • Singapore's Mac-Nels stays upbeat despite industry faces slump
  • CN quarterly profit of US$438 million rises 14pc
  • Widdows praises grads at Rotterdam's Erasmus University
  • Tianjin AirCargo Terminal joins Cargo 2000
  • Singapore hosts Aerodrome Emergency Planning seminar
  • Bush signs law allowing US military cargo to be trucked

International Transport Journalweb site
OCTOBER 27, 2008
  • Gast to succeed Meves at Hamburg S¨d
  • Qatar Airways launches new Sialkot cargo flight
  • Wincanton takes over ELI
  • UPS revenues up, profits down
  • Norfolkline to use Kewill transport software for short sea traffic

Maritime Global Netweb site
OCTOBER 27, 2008
  • UK set include shipping in CO2 cut targets
  • Blackwater "to send anti-piracy ship to Gulf of Aden"
  • CMI calls for places of refuge convention
  • "Marginal" drop on Panama Canal transits

Marine Logweb site
OCTOBER 27, 2008
  • Georgiopoulos set to collect $30 million
  • Tidewater reports increased earnings
  • Todd Pacific gets $3.9 million USCG award

World Wide Shipperweb site
OCTOBER 27, 2008
  • Port Metro Vancouver ends Roberts Bank ocean disposal
  • Washington governor talks trade at Tacoma international trade lunch
  • Oregon Market at Portland Airport celebrating 20th anniversary
  • Panama Canal Authority releases fiscal year metrics
  • NOAA announces plans to update research vessel fleet

Lloyd's Listweb site
OCTOBER 27, 2008
  • Bankrupt Lindenau secures $34m funding
    HSH Nordbank approves loan for construction of double-hull tanker despite initially saying no.
  • Lindenau yard falls prey to credit crisis
  • CSCL slides into the red
    CHINA Shipping Container Lines sank into the red in the third quarter and industry analysts remained gloomy about the firm's future prospects.
  • Brussels deaf to box lines consortia rules protests
    EC stands firm against pressure from container lines to grant a formal green light to alliances that have a large market share.

Fairplayweb site
OCTOBER 27, 2008
  • Royal Caribbean cuts fuel surcharge
    ROYAL Caribbean has halted its fuel surcharges, following the lead of fellow cruise line Carnival
  • NGV wins Nigeria oil tender
    MALAYSIAN-based shipbuilder NGV Tech has won a contract to build 34 double hull platform supply vessels for Slok Shipping of Nigeria
  • Vale CEO warns on China
    BRAZILIAN iron ore giant Vale confirmed a significant slowdown in Chinese demand, underlining current weakness on the key Brazil-China drybulk route
  • US Shipping renegotiates credit
    JONES Act operator US Shipping Partners has renegotiated its credit terms to stave off covenant defaults, while also bidding goodbye to former chairman Paul Gridley
  • Pemex waffling on ship charters
    CASH-strapped Pemex, Mexico's national oil monopoly, is waffling on a proposed bareboat charter that intermodal giant Grupo TMM had counted on as part of its recovery strategy
  • Liberty losing patience
    LIBERTY Shipping has issued a stern letter to the board of NYSE-listed International Shipholding expressing impatience with sluggish deliberations on Liberty's purchase offer

The Journal of Commerceweb site
OCTOBER 27, 2008
  • MOL and "K" Line see weaker outlook
    Two of three Japanese box shipping lines revise forecasts downward despite increased profits and revenue in latest quarter.
  • $1B expansion for Gulfport
  • Obama backs funding for transportation infrastructure
  • CSAV Group plans upgrade for EC South America
  • G7 trade drops
  • DHL parent cuts outlook
  • Liberty raises stake in ISH
  • TNT Q3 net crashes
  • SCI liner segment weaker
  • Global airfreight off 7.7%
  • Maersk Line cuts Asia-Europe capacity by 10%

Containerisation Internationalweb site
OCTOBER 27, 2008
  • ICG warfare resumes
  • EC official sets out stall on consortia rule
  • Increased supply chain risk from downturn
  • Japanese carriers up at halfway stage
  • Dunkirk ups crane capacity

TradeWindsweb site
OCTOBER 27, 2008
  • Sell hurts Horizon
    US containership owner's shares plunge after Goldman Sachs downgrade, as shipping stocks fall amidst lower US stock markets.
  • TMM bids 'null'
    Petroleos Mexicanos strikes down products tanker charter effort for a second time.
  • War bonus deals
    UK owners set to follow Danes, Norwegians and Dutch in agreeing danger money for crews off Horn of Africa.
  • Seafarers' prayers
    Web TV brings a glimpse of a worship service held to observe World Maritime Day.
  • $30m for Peter G
    General Maritime boss set to earn a multimillion-dollar payday as he steps aside amid Arlington Tankers merger.
  • USCG gets smiles
    Coast Guard chief talks with TradeWinds Web TV about efforts to improve agency's attitude toward mariners.
  • Staying home
    Carnival Corp nixes a plan to reposition a Florida-based cruiseship in Europe and instead focuses on "close to home" voyages.
  • Vale's dry run
    Brazilian miner clearing out iron ore cargoes with a capesize market swoop, but are there any buyers?
  • Canal transits flat
    Panama Canal tanker and passengership transits increase while the US economy leads containerships to slip.
  • HSH's lifeline
    Insolvent German yard Lindenau wins EUR 28m line of credit from domestic bank to build tanker.
  • Gard in the red
    Top P&I club to seek 15% general increase premium as $49m half year loss takes a bite out of free reserve.
  • Record smashed
    Maersk Supply will make $1.41m from four days work after its AHTS Maersk Attender was fixed at NOK 2.5m per day ' shattering the record rate in the North Sea.
  • CSCL slumps
    Hong Kong and Shanghai-listed Chinese container line's losing streak continues with loss in third quarter.
  • Ulf in Paradise
    Ulf Ryder-led tanker owner Stena Bulk returns to dry-bulk market with 35% slice of Greece's Paradise Tankers.
  • 'Dilatory tactics'
    Liberty Shipping boss Philip Shapiro lashes out at International Shipholding Corp for delays in takeover bid response.
  • Helping hands
    Korea's Hanwha Group in talks with European owners over funding of Daewoo Shipbuilding takeover.
  • Slice unveiled
    Insurer Alleghany Corp emerges with a 7.1% slice of the Houston-based offshore vessel owner Trico Marine Services.
  • Crew crisis stays
    Seafarer shortage will continue even if only a third of ships on order are delivered, warns Ole Stene.
  • Tidewater triumph
    New York-listed offshore owner sees second quarter profit rise 10% to squeeze past market expectations.
  • Boxship attacked
    Latest attack on Singapore-owned vessel carried out by Somali pirates but in Kenyan waters.
  • Surcharge binned
    Royal Caribbean ends fuel supplement on future bookings following drop in oil price.
  • Tanks a million
    Kenya will not cough up for the release of its tanks onboard the Faina, leaving pirates to ditch them as they please, spokesperson says.
  • Stocks battered
    Cosco, Pac Basin and NOL all clobbered as Asian shares suffer more pain Monday.
  • Sales buoy SCI
    Indian state-owned shipowner sees second-quarter profit leap over 50% as revenues surge.
  • Russian in
    Domestic interests could step in to revive Stella Lines' defunct service from St Petersburg to Helsinki.
  • K Line prospers
    Focus on cost reduction boosts Japanese giant's interim result, but it cuts annual forecast as rates start to fall.
  • Odfjell exceeds
    Dan Bernt Odfjell-led owner beats forecasts in the third quarter but has a bleak outlook as the economic storm clouds gather.
  • NYK boost
    Japan's biggest owner pushes up first-half profit thanks to record bulker markets, now a distant memory.
  • More for MOL
    Another Japanese big three company posts higher six-month profit but cuts annual forecast in worsening markets.
  • Ro-ro tragedy
    Three fishermen killed off Japan after small trawler involved in clash with much larger cargoship.
  • Going to Gaza
    A new non-profit passenger ferry service from Cyprus to the Palestinian territory is being planned.
  • Ship sinks, 1 dead
    Search on for missing crew member as master dies after ship sinks off Cape Verde Islands.
  • IHI looks up
    Japanese yard makes positive swing in second quarter and now expects profitable first half.
  • Blustery reception
    Shipping figures in a spin as UK wind farm plans whip up safety fears.

American Shipperweb site
OCTOBER 27, 2008
  • Japanese lines report higher profits, cautious about second half
  • Liberty bemoans International Shipholding's "dilatory tactics"
  • Horizon: Revenue up, antitrust costs reach $7 million
  • Maersk reducing Asia/Europe capacity
  • CMA CGM 11,000-TEU ships makes maiden call at Yantian
  • Emirates SkyCargo to kick off LAX service
  • DHL workers slain in Kabul by security guard
  • Cargo trains linking North and South Korea running mostly empty
  • Former DOT official: Simplify infrastructure financing rules
  • Secret uranium shipment sees nuclear material return to Russia
  • Fed taps transport industry for advice
  • Panama Canal records dip in cargo volume
  • Busan taking internal measures to combat economic gloom
  • Ningbo volume up 17% through September

The Scandinavian Shipping Gazetteweb site
OCTOBER 27, 2008
  • Stena Bulk takes control of Greek shipowner
    Göteborg-based Stena Bulk has acquired 35 per cent of Greek Paradise Tankers. The total share value is USD 250 million and Stena Bulk will have commercial control of three tankers and two bulkers. The 2004-2005-built 73,500-DWT tankers ...
  • Hurtigruten sells ferry and fast ferry operation
    Hurtigruten ASA sells its ferry and fast ferry operation to Torghatten Nord AS, a wholly owned subsidiary of Torghatten Trafikkselskap ASA. The agreement concerns 45 vessels and 606 employees. The employees will be offered to join the new company. Four ...
  • Christmas shopping in danger
    The British Chamber of Shipping warns British consumers they could face shortages of goods under the Christmas shopping if merchant ships start to go round the Cape of Good Hope instead of passing the Suez Canal due the piracy off ...

The Bunker Bulletinweb site
OCTOBER 27, 2008
  • Russia rejects calls to cut export duties
    Crude and fuel oil export taxes to stay at current levels despite price fall in global markets.
  • Rotterdam bunker prices slip to 19-month low
    Prices down by over 60% since mid-July peak.
  • Global bunker market report
  • Fuel oil margins 'surprisingly strong'
    Neste Oil reports strong Q3 for refining margins and shipping, but decline in retail.
  • Climate change bill to include shipping
    British greenhouse gas goals will 'take account' of global transport emissions.
  • Middle East 'waking up' to fuel efficiency drive
    Shipping's role in reducing carbon emissions on the agenda in region with growing maritime activity.
  • Rotterdam barge market sees no activity
  • Freight rates down as oil prices fall
    Rates seen falling for routes between India and Europe and the US.
  • Mundra gaining ground as bunkering choice
    Mundra's monthly bunker sales outstripping combined sales from three refiners at Mumbai.

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
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.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
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
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
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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