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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
July 3, 2009
The Business Timesweb site
Shipping News
  • Baltic Exchange moves to boost derivatives trading
    The Baltic Exchange said on Wednesday it had changed the way its chief sea freight index was calculated in a move aimed at boosting freight derivatives trading.
  • AP Moller-Maersk sees stagnation in 2010
    AP Moller-Maersk's liner shipping business expects stagnation at best in the industry next year but will not cut freight rates to win more market share, the head of the division told a German newspaper.

Sched Netweb site
  • Coscon, combines with Evergreen, hikes charges throughout global network
  • CMA CGM, CSAV and CSCL combine services in Asia to Mexico-Caribbean loop
  • Fujian to offer preferential policies to win Taiwan trade
  • Shandong provincial port volume up 6pc in first five months
  • Port of Dandong throughput increases by 23.7pc
  • US truck volume increased 3.2pc in May over April
  • Despite US and EU criticism, ESC rejects Rotterdam Rules
  • Toll to manage Gorgon's Barrow Island hub
  • Container housing viewed as unsightly by town planners
  • Impatex unveils ICE product for European exports
  • UPS to set up Dubai JV to service Mideast, Central Asia
  • Asian air freight airlines see 2.5pc growth in May from April
  • SIA Cargo loses US$169 million, depresses group profit 57pc
  • DHL-Lufthansa's AeroLogic takes flight despite darkening skies
  • South Africa now fully enforces air cargo security rules

Exim Indiaweb site
  • Plan to sell 15 pc SCI stake may be revived
  • Balmer Lawrie & Co. successfully executes mega project cargo
  • Bhutan opens door wider for Indian investments
  • Private trade may export 13 lakh tonnes of wheat products
  • 'Chronic congestion' at JNP not true-Hussain
  • Vasan visits Tuticorin Port, spells out NMDP programmes
  • ...releases IMU's CET merit list for academic year 2009
  • Gammon-led consortium to build ore berth at Paradip Port
  • Subhash Kumar assumes charge as acting Chairman of ChPT
  • Exports dip for 8th month in a row
  • Govt pins 7 pc growth hopes on H2
  • Economic Survey calls for sweeping reforms
  • RBI allows exporters repatriation of proceeds for another year
  • Textile Ministry seeks Rs 3,500 cr. TUFS allocation
  • India not to accept emission cut targets
  • L. Murugappan assumes charge as IFFCO Kandla head

Marine Logweb site
JULY 2, 2009
  • Oceanic cleared to depart New York
  • Passengers injured in Staten Island ferry incident
  • Bender Shipbuilding now in Chapter 11 bankruptcy

Lloyd's Listweb site
JULY 2, 2009
  • VLGC owners issue rate warning
    BW Gas and Maersk Tankers refuse to charter out ships until rates match up to operating costs.
  • VLGC rates hit loss-making levels as spot fixtures tail off
  • Queen Mary 2 defendants get suspended sentences
    FRENCH appeal court has imposed suspended prison sentences on the four individuals.
  • Pacific freight rates hit new lows
    TRANSPACIFIC freight rates continue to weaken, with the spot market hitting new lows.

Fairplayweb site
JULY 2, 2009
  • Danaos nets covenant waivers
    DANAOS has obtained waivers through 31 January 2010 for more than $900M in debt obligations
  • Three's a partnership in boxes
    FRANCE'S box giant CMA CGM told Fairplay today it is teaming up with Chile's CSAV and China's CSCL on some direct shipping routes
  • Chinese yards squeezed
    CHINESE shipbuilding is reeling, with pressure coming from three directions
  • Bender gains bankruptcy shield
    ALABAMA'S Bender Shipbuilding & Repair has been granted Chapter 11 bankruptcy protection
  • Greenest of newbuildings
    GREENPEACE signed a €23M ($32.2M) contract today for a new flagship protest vessel with the German yard Fassmer
  • Liberia law adds eligibility
    UNDER Liberia's new Insolvency of Foreign Mortgagee Act, Liberia-registered ship mortgages are now eligible as underlying security for German Schiffspfandbrief bond certificates
  • Counting costs of US air proposal
    US REGULATORS are considering tougher air rules that could jack up operating costs for US-flagged ships

The Journal of Commerceweb site
JULY 2, 2009
  • CMA CGM Sets Joint Loop with CSAV, CSCL
  • Landstar Buys Supply Chain Software Companies
  • Northwest Ports Work Together to Clear the Air
  • Hours Rule Change Pits Railroads Against Unions
  • Teamster, YRC Talks to Resume
  • Brazil, China Increase Trade
  • Shipments Index Grows for Second Straight Month
  • EPA Proposes Vessel Emission Standards
  • Geodis to Acquire Cool Jet
  • WTO Report Urges Action on Trade Financing
  • Pacer Negotiates Credit Waiver
  • Minnesota Trucker Shuts Down
  • Factory Shipments, Inventories Fell in May
  • Source Logistics Secures Expansion Capital
  • UK Scraps Royal Mail Privatization
  • Danaos Gets Waivers on $908M in Loans
  • Court Clears California Rule on Ocean Vessel Fuel
  • Solar-Pushed NYK Ship Arrives at Long Beach

Containerisation Internationalweb site
JULY 2, 2009
  • Seatrade adds MAGNUM units
  • New Eimskip emerges from the ashes
  • Panama Canal readies for new bids process

TradeWindsweb site
JULY 2, 2009
  • Top to seek cash
    US-listed tanker and bulker owner forges deal to potentially sell $200m in new shares to Yorkville Advisors.
  • Casualty file
    Two ships freed by pirates and two collide off Turkey in this week's WebTV smash-up roundup.
  • Ship sales slip
    After hitting an eight-month high in May, a drop in tanker sales push second-hand ship deals to fall in June.
  • One lost in fire
    Crewman missing after Italian-controlled chemical tanker suffers explosion off the Netherlands.
  • Metrostar sells
    Greek owner offloads tanker brace on order at Hyundai Heavy Industries.
  • Selling to buy
    Arison-led Carnival issues $660m worth of its London shares to buy up its New York-listed shares.
  • STX's Brazil hope
    STX Corp's Kang Duk-soo expects the company's shipyards to win some of Petrobras' offshore orders.
  • Hybrid warrior
    Greenpeace pens its first newbuilding, which will have both sails and diesel-electric engines.
  • Exodus continues
    Danish owner J Lauritzen continues handysize selling spree with exit of the Sendai Bulker.
  • Raining rupees
    India to pump INR 33.2bn into six new port projects for bulkers and boxships.
  • B+H in default
    US shipowner expecting a "going concern" statement and is negotiating with banks after declining ship value lead to loan defaults.
  • Nissen offloads
    Japanese owner pockets reported $26.5m for 2002-built supramax.
  • Full story?
    Qatar's Qinvest says it's only an adviser for unnamed clients buying Poland's Gdynia and Szczecin yards.
  • Stolt stronger
    Improved showing from all of its units lifts second quarter profit by 92% at Oslo-listed Stolt-Nielsen.
  • CECO safer
    Axel Eitzen-led owner wins covenant waiver from lenders until 1 October to prepare long-term financial plan.
  • No pushing
    UK ports operator ABP bars tugs from pushing up on sterns of ro-ros following accident at Hull.
  • Lucky escape
    Crew sleeping on dredger were "extremely fortunate" it rolled to port after developing leak at UK berth, report says.
  • Late arrival
    Deep Cygnus is finally free to join Volstad, two months after Trico abandoned the newbuilding.
  • Bender files
    US shipyard files for Chapter 11 bankruptcy amid $45m dispute with GulfMark, with 100 staff to be cut in switch to shiprepair.
  • Bond booster
    Dof Subsea completes $78m bond issue aimed at shoring up its balance sheet.
  • Kang confident
    STX Pan Ocean can remain in black this year despite exposure to troubled sectors, parent's chairman says.
  • Sberbank buys
    Russian lender takes 59% stake in Amur Shipbuilding ahead of transfer to state control.
  • More for Maersk
    Eivind Kolding says Danish line may be able to push container rates up in third quarter, but outlook bleak through 2010.
  • Astoria moving
    A cruise ship seized in Barcelona is on the move.
  • PCTC woes
    Exports of new and used cars out of Japan continue to remain weak according to latest industry figures.
  • Staten smash
    "Hard docking" injures 15 passengers on New York ferry Sen. John J. Marchi.
  • Paragon fixes two
    Michael Bodouroglou-led Paragon Shipping agrees charters on another two of its bulker fleet.
  • Dalrymple done
    Project to expand Aussie coal terminal completed: but eye already on further expansion plans.
  • SeaDragon back
    Rig owner exercises option to have second semi-submersible rig outfitted at SembCorp Marine.

American Shipperweb site
JULY 2, 2009
  • DHS ready to pre-clear flights from Ireland
  • Amerijet invests in U.S. trucking firm
  • AirBridgeCargo adds Milan/Moscow freighter
  • NAFTA surface trade drops 33% in April
  • Purolator USA opens New York facility
  • GE hires Fuchs as trade attorney
  • Binkhorst joins GIL advisory board
  • Northwest ports release clean air plan
  • S&P downgrades DP World, JAFZA ratings
  • Ceres, Ports America compete for Seagirt

The Scandinavian Shipping Gazetteweb site
JULY 2, 2009
  • Pilot project in the Baltic Sea
    In 2009, the EU Commission plans to establish a project with a value of EUR 2 million in order to "Cut sulphur emissions and nitrogen oxides in the Baltic Sea Read more
  • GC Rieber cancels newbuilding
    Norwegian GC Rieber Shipping has cancelled an offshore vessel, newbuilding no. 7037, due to delays. The vessel was ordered in May 2008 by Polar Marine I Pte Ltd, a 51 Read more
  • Eimskip taken over by creditors
    The struggling Icelandic shipping company Eimskip has launched a financial re-organisation plan. The plan proposes to create a new and strong shipping and logistics business and to leave the Read more
  • Eitzen gets loan respite
    The Norwegian shipping company Camillo Eitzen & Co has been granted a respite for its loans with several banks. The banks will, among other things, alleviate the loan conditions until October

The Bunker Bulletinweb site
JULY 2, 2009
  • PMSA concerned over patchwork regulations
    Calls for international standards to bring 'meaningful emission reductions'.
  • North European bunker prices continue to fall
    Meanwhile, bunker prices firm in South Europe.
  • Schwarzenegger applauds low-sulphur regulations
    California governor says air quality will improve.
  • Hedging losses mount for tanker operator
    Stolt-Nielsen reports seven percent fall in bunker consumption.
  • Bunkers slide on lower oil prices
    Demand above average in Hong Kong and Busan.
  • DFDS vessel about to start scrubber sea trial
    Company hopes technology will help it stay competitive when ECA sulphur limit falls to 0.10%.
  • US sulphur regulations target suppliers and producers
    EPA proposing to 'forbid the production and sale' of high sulphur bunker fuel for use in ECAs.
  • Singapore residual fuel stocks dip
    Middle distillate stocks near nine-month high.
  • UBT promotes bunker traders in Singapore, HK
  • Bominflot appoints new head credit manager
    Paul Millar was previously from the maritime credit reporting industry.
  • OPEC June output up
    Crude exports said to have risen for third straight month, compliance with quotas slipping.
  • Chimbusco ends posted prices due to 'competition'
    Prices in Shanghai, Ningbo and Zhoushan will be 'subject to enquiry'.

›››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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