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23 February 2025 - Year XXIX
Independent journal on economy and transport policy
11:22 GMT+1
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BRIEFS
June 8, 2009
The Business Timesweb site
Shipping News
  • Traders book VLCCs to store diesel
    Trading companies have booked brand new Very Large Crude Carriers (VLCCs) in a rare move to store diesel off Singapore waters or North- west Europe from this month, taking advantage of a contango market amid a demand slump.

Sched Netweb site
  • Hanjin restructures PSX and CAX into new service offerings
  • Last two Da Chan Bay Terminal One berths to open for trials
  • Maersk Logistics and Damco to merge under Damco name by September 7
  • Iran to open trade offices in HK, Urumqi, Beijing, Shanghai, Guangzhou
  • Two surveys show Chinese manufacturing expanded in May
  • Guangzhou tries harder, sees box volume up 5.7pc
  • SCT upgrades to SPARCS 3.7 for ship, yard planning
  • Maersk Broker predicts charter market upturn at year's-end
  • Southern Asia Ports Logistics and Shipping conference Sept 24-25
  • Panama Canal holds marine simulation, manoeuvrability meet
  • KLM increases Chengdu-Amsterdam flights to thrice weekly
  • WFS warehouse in Pittsburgh certified to screen air cargo
  • Falling cargo volumes clip the wings of Anchorage Airport

Exim Indiaweb site
  • Samsara becomes 1st liner shipping agency to open offices in Jalandhar & Chandigarh
  • Panama Canal expansion work in full swing despite global downturn
  • Baltic Dry Index surges by 5.4 pc
  • SCI places orders for 2 AHTSVs with Cochin Shipyard
  • Maersk Logistics & Damco to combine as new market force
  • Three-fold rise in cotton exports in 2009-10 projected
  • Onion exports shrink in May
  • India, Asean may ink FTA in Aug.
  • New Customs checking procedure of import boxes speeds up cargo flow at Cochin Port, saves costs
  • Govt working out new financing policy for infrastructure projects
  • Seatrans moves full CONCOR rakeload of goods ex-ICD Sabarmati to Port Pipavav
  • Railways trims freight rates of iron ore for domestic use
  • IMC chief critical of hike in stamp duties & retention of Octroi in state budget
  • CII spots tax reforms in Maharashtra budget
  • MSMEs worst hit by slump, finds PHD Chamber's survey
  • Capital inflow to double this fiscal-Morgan Stanley
  • Fund for MSME sector taking shape
  • Rahul Khullar appointed new Commerce Secretary
  • Montek stays at helm of recast Plan panel
  • 37 pc job loss in engineering sector feared
  • Changes in Land Acquisition Act, rehabilitation Bills to be introduced
  • Govts, regulators remain drag on aviation's progress-Cathay CEO
  • Steel prices may be hiked next month
  • GST implementation by April 2010
  • Emirates SkyCargo adds Slovenia to network

Maritime Global Netweb site
JUNE 5, 2009
  • Indian Navy foils pirate attack
  • New criminalisation think tank
  • EU's LRIT operation up and running
  • Crew win wages case after three years

Marine Logweb site
JUNE 7, 2009
  • Search starts for new Wadan Yards investor

World Wide Shipperweb site
JUNE 5, 2009
  • Larger Grand Alliance ships making Port of Seattle calls
  • Public meeting will discuss Port of Portland budget
  • Coast Guard presents award for Puget Sound bunkering project
  • Port of Astoria looking for applications for commissioner
  • US rail freight traffic count shows signs of improvement

Lloyd's Listweb site
JUNE 5, 2009
  • Questions asked over 'erratic' Baltic index
    CAPESIZE rate spike raises doubts over accuracy of broker assessments.
  • Derivatives crash hits capesize spot rates
  • MP urges huge fines for emissions scheme cheats
    TIM Yeo says shipowners who cheat on any future cap and trade requirements to tackle emissions should face huge fines.
  • UK Transport Secretary Geoff Hoon quits
    THE political bloodbath in the UK claimed yet another cabinet minister's scalp today as Secretary of Transport Geoff Hoon quit.

Fairplayweb site
JUNE 5, 2009
  • Wadan yards file for bankrupcy
    SHIPYARDS in Wismar and Rostock in Germany today filed for bankruptcy protection after talks failed to secure fresh funding from their majority shareholder FLC West
  • Rio's Chinalco deal collapses
    RIO TINTO launched a $15.2Bn worldwide rights issue today to raise capital after confirming that it has walked away from a proposed $19.5Bn investment from China's government-owned Chinalco
  • ThyssenKrupp to slash jobs
    GERMANY'S shipbuilding group ThyssenKrupp Marine Systems plans to axe 450 jobs in Kiel and Emden
  • Spanish call general strike
    METAL industry and yard unions in Galicia in northwest Spain today called an open-ended general strike for 12 June, reflecting increasingly violent relations between yard managers and workers
  • Role seen for armed guards
    THERE are times when armed guards on ships are the preferred response to piracy, according to BIMCO and International Chamber of Shipping representatives
  • Malaysian exports dive
    MALAYSIAN exports fell 26.3% to 41.12Bn ringgits ($11.8Bn) ' a larger-than-expected margin ' in April, IHS Global Insight reported today

The Journal of Commerceweb site
JUNE 5, 2009
  • Teamsters, Safety Groups Blast FMCSA Pick
  • Lawmakers Urge Climate Change Policy
  • TNT Launches South America Road Network
  • Carriers Deploy Larger Ships in Seattle
  • OHL to Run Candy Maker's Warehouse
  • Eurozone GDP Fell 4.8 Percent
  • Jobs Stabilize for Rail, Trucking
  • Port of LA to Spend $1.1B
  • Russia Likely to Join WTO
  • MOL Relocates North America HQ
  • President Names Brennan Acting FMC Chair
  • Exporters Face Container Shortage
  • Maersk to Merge Logistics Units
  • White House Names Truck Group Chief to Head FMCSA
  • Risk Management: Combating Piracy
  • Former FRA Chief Urges High-Speed Push for Rail Plan

TradeWindsweb site
JUNE 5, 2009
  • Cido sells two
    Brokers say newbuilding aframaxes have gone to Greece's Estoril Navigation for $50m each.
  • CMA CGM cut
    Moody's Investor Service downgrades credit rating for French liner operator as tough market conditions are expected to persist.
  • Wadan bust
    German shipyard, in which STX Europe has 30% holding, files for bankruptcy.
  • Helix prices
    Offering of offshore vessel owner Cal Dive International shares could gross almost $210m as Helix Energy cuts majority stake to 25%.
  • West Oz combo
    Major bulker charterers and iron ore miners Rio Tinto and BHP Billiton forge deal to combine iron ore production in Western Australia.
  • TK up and down
    Maxim Group analyst cuts 2009 earnings forecast for Teekay Corp, but Jefferies outlook improves
  • Four to go
    After shipowners throw out $360m lifeline, CSAV is still negotiating with four owners who haven't signed on to the deal.
  • Teekay tips 2010
    Bjorn Moller says tanker market should recover next year as newbuilding cancellations accelerate.
  • Dry dominance
    China's bulker spending spree will leave its owners calling the shots in the charter market, Greek broker warns.
  • Top Ships waived
    Evangelos Pistiolis-led tanker and bulker owner gets covenant waivers from four of five bank and cancels bareboat charter.
  • Aid ship 'not held'
    Syrian operator denies Sri Lankan authorities have detained a ship carrying cargo to former Tamil Tiger region.
  • China ore cut
    A 33% cut in the iron ore benchmark price is said to have been agreed by Chinese steel officials.
  • It's quotes time
    Fulford's in full flow as he flies back into the market and was there any 'hanky panky' at Armada?
  • Sailor missed 447
    Slovenian due to board doomed Air France jet saved by sore knees and
  • Yet another sale
    Thailand's Precious Shipping continues elderly tonnage clear-out as handysize fetched $3.2m.
  • Sembcorp settles
    Singapore-listed shipyard resolves spat with Petromena as leading names go head to head in semi-submersible bidding war.
  • He's back
    TradeWinds corners Richard Fulford-Smith for an exclusive in-depth interview as he makes his long-awaited return to the business.
  • SCI at the double
    Indian state-controlled owner signs at Cochin for two anchor-handlers, the yard's first order since last July.
  • NOL a 'buy'
    Citi, a long time bear on Singapore liner operator, is now bullish believing the worst has passed.
  • JICT expands
    Indonesia's national port hub has inaugurated the second stage of its expansion programme.
  • Yantai slumps
    Chinese ship and rig builder sees profits slide by over 40% due to cost overruns and provisions.
  • Tug hijacked
    Singapore-registered tug and barge attacked in growing piracy hotspot off southern Malaysia.

American Shipperweb site
JUNE 5, 2009
  • Reuters: MOL considers container spin-off
  • Tanker escapes pirates
  • New round-the-world service adds Baltimore
  • IATA: Volume starts stabilizing, yields low
  • United may order 150 planes
  • Easy does it: Buying, exporting U.S. military technology
  • Bonner named to SW Border task force
  • U.S. committed to Asian trade pacts
  • Brokers broadsided by proposed FDA registration
  • FMC reviews 24 OTI license applications
  • Phoenix International opens Paris branch
  • L.A. budget projects 13% drop in shipping revenues
  • Hamburg's 1Q box volume drop in line with global fall

The Scandinavian Shipping Gazetteweb site
JUNE 5, 2009
  • Continued growth for Viking Line
    During May 2009 the passenger volumes of Viking Line grew by 15 per cent on its services to Sweden. Particularly strong growth was recorded on the Kapellskär'Mariehamn route, where

The Bunker Bulletinweb site
JUNE 5, 2009
  • Markets remain reluctant to move sharply
    Crude oil trades above $70 for first time in seven months.
  • ECAs potential to put strain on supply
    Increasing demand for low-sulphur fuel could strengthen costs and lead to shortage.
  • Bunker prices gaining in European ports
    Markets firming after Thursday's jump in crude oil prices.
  • Japan wants investment in fuel efficient ships
    Japanese IMO delegation explains its support for bunker levy.
  • Chinese trader takes floating fuel oil storage in Singapore
    Sources say Southern Petrochemical Co's tanker can be used to blend bunker fuel.
  • China needs new fuel oil futures contract
    Dollar-denominated contract would give China its 'own voice' in global market.
  • Bunker prices resume their climb
    Singapore players say demand remains weak.
  • Gazprom expands Baltic operations
    Two new supply services in operation, including a first for 'bunker only' calls.
  • Fate of containers to be decided
    The Australian government must decide what to do with 31 containers lying on the seabed.
  • New hull coating to cut fuel usage
    US Navy using new innovation to inhibit growth of marine crustaceans on hulls.

›››File
FROM THE HOME PAGE
ICS satisfied with ISWG-GHG's progress towards decarbonisation of shipping, even if not definitive
London
Platten: Much work still needs to be done urgently by MEPC meeting in April
In the second half of 2024, freight traffic in the port of Venice grew by +15.3%
Venice
In the whole year, cruise passengers were 548 thousand (+7.8%)
In the last quarter of 2024, freight traffic in the port of Rotterdam decreased by -2%
Rotterdam
A decrease of -0.7% was recorded for the whole year.
HMM in talks to acquire compatriot SK Shipping
Seoul
The transaction would be valued at close to $1.4 billion
Clean Maritime Fuels Platform suggests actions needed to make clean fuels available for shipping
Brussels
The AdSP will become the sole manager of railway shunting in the port of Ravenna
Ravenna
Extraordinary maintenance and investments in new infrastructure will remain the responsibility of RFI
Cargill and Hafnia joint venture in marine fuel supply
Singapore
Seascale Energy formed
Coast Guard authorizes use of batteries on board Italian flagged ships
Rome
Adopted a risk assessment approach using EMSA guidelines
Joint venture between Marsa Maroc and TIL (MSC group) for the management of the eastern container terminal of the port of Nador West Med
Casablanca
50% of the capital plus one share will be held by the African company
Shipping, lack of services and costs for goods checks give a bad reputation to the port of Genoa
Genoa
Botta: wasting time and money on various checks, not having certainty on the times of exit of the goods from the ports makes the situation unsustainable
In 2024, freight traffic in the port of Barcelona grew by +8.7%
Barcelona
Sharp increase (+12.4%) in containerized cargo. In the last quarter alone, total traffic increased by +1.2%
In the second quarter of 2024, freight traffic in European ports began to grow again
Luxembourg
The main types of cargo are increasing with the exception of solid bulk. Sharp increase in volumes in Italian ports
Positive annual economic results for the HHLA terminal group
Hamburg
Last year, container traffic handled by port terminals grew by +0.9%
788 kg of cocaine seized in the port of Gioia Tauro
Reggio Calabria/Gioia Tauro
The AdSP protests against the downgrading of the local Customs office implemented at the same time as a significant increase in its functions
GNV to take delivery of last two of four ro-pax vessels ordered 11 months early
Palermo
Catani: modernization of port infrastructures, adoption of cold ironing and development of a LNG distribution network are necessary
Le Aziende informanoSponsored Article
ABB Ability™ Marine Remote Diagnostic System
Always on board with you
Maersk and Cochin Shipyard Partner Under Indian Government's Shipping Incentive Program
Mumbai
The first repair of a Danish group ship at the Indian plant during 2025
Federagenti, speed up dredging by using waste material in port facilities
Rome
Pessina: the case of La Spezia and Genoa can provide an immediate and effective solution
Contract awarded to Maestral (Fincantieri - EDGE) for the management of the fleet of the United Arab Emirates Navy
Abu Dhabi/Trieste
The order is worth 500 million euros
T&E, remove deforestation-related biofuels from shipping decarbonization strategy and limit those produced from food crops
Brussels
Dijkstra: IMO should consider climate impact of ‘bad’ biofuels
ICS confident about outcome of next week's IMO meeting on decarbonisation of shipping
In 2024, freight traffic in the port of Genoa fell by -1% while in Savona-Vado it grew by +7%
Genoa
Cruise passengers down by -11%
Last year traffic in the port of Koper increased by +3.0%
Ljubljana
Containerized goods were over 9.4 million tons (+5.6%)
Assarmatori, the ok to the recruitment of crew members by the ship's commander is good
Rome
Messina: We ask that the measure becomes structural
In 2024, the port terminals of the Moroccan Marsa Maroc handled a record volume of goods
Casablanca
Historic peak of containers with 2,898,779 teu (+13)
ECSA, A4E and T&E urge EU Commission to promote clean fuels for maritime and aviation
Brussels
Raptis: We need huge investments, certainties and simplification of access to public and private funding
Kalmar's annual business and economic results decline
Helsinki
Sharp increase in new orders in the last quarter of 2024
In the fourth quarter of 2024, ship traffic in the Suez Canal decreased by -53.5%
Cairo
Tankers fell by -42.9% and other types of vessels by -58.1%.
Evergreen Invests Nearly $3 Billion in 11 New 24,000-TEU Containerships
Taipei/Keelung
Taiwan's three major container shipping companies continue to grow in revenue
Confitarma, the current regulatory framework for port towing services is more than fine
Rome
Ministerial circular of 19 March 2019 fully suitable for managing tenders
Last year, cargo traffic in Croatian ports decreased by -10.1%.
Zagreb
Record number of line passengers and cruise passengers
MSC Reorganizes Two Transatlantic Services Between Mediterranean and US East Coast
Geneva
Nine-day transit time between the port of Genoa and that of New York
Danaos Corporation revenues surpass $1 billion for the first time in 2024
Athens
Annual net profit decreased by -8.0%
Ro-ro traffic and regional routes increasingly important for the development of the port of Ancona
Ancona
Research presented on the potential of the Marche port
HMM revenues grew by +39% in 2024
Seoul
In the fourth quarter alone the increase was +53%
AP Moller Capital - Bergé y Compañía Agreement to Invest in the Port Sector in Spain and Latin America
Kongens Lyngby/Madrid
Investments through a separately managed fund supported by the Danish company
HHLA signs collective bargaining agreement with ver.di
Hamburg
The union had opposed the transfer of shares of the company's capital to MSC
The Northern Tyrrhenian Sea Port Authority suspends Istat variations on concession fees
Leghorn
Nova Marine Carriers, Aug. Bolten and Ership Acquire Maja Stuwadoors Groep
Lugano
The Dutch company operates a bulk terminal in the port of Amsterdam
In 2024, container traffic in the port of Algeciras decreased by -0.5%
Algeciras/Valencia
The negative trend continued last month
Confitarma, maintenance of the simplified procedure for the enlistment of seafarers is a good thing
Rome
Neapolitan journalist Bianca D'Antonio dies at 83
Naples
Point of reference for courtesy and professionalism also for the shipping sector
The AdSP of the Eastern Ligurian Sea has joined the National Observatory for the Protection of the Sea
Rome
The organization promotes the valorization of the sea resource
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
Port of Los Angeles Hits New Container Traffic Peak for January
Los Angeles
Port of Livorno, in 2024 rail traffic grew by +10.4%
Leghorn
Rail share of freight volumes moved rose to 19%
Contract for the immersion in the Ancona reclamation basin of the dredging sediments of the ports of Fano and Numana
Ancona
Federlogistica, the closure of the Busalla motorway toll booth could put logistics in crisis in the North West
Genoa
Last year, cargo traffic in Montenegrin ports increased by +2.2%
Podgorica
Passengers increased by +16.1%
Investments of 1.4 billion euros for the development of the Logistics Hub of the FS Italiane group
Rome
Investments for new physical and digital assets are foreseen in the 2025-2029 Strategic Plan
Grimaldi Group extends its maritime network to India
Naples
On February 20th the first call at the port of Mumbai with the PCTC "Grande California"
One million euros for the reduction of the amount of anchorage fees in the port of Gioia Tauro
Joy Taurus
Ok to the expansion of the Automar car terminal
The AdSP of Eastern Liguria agrees on the need for buffer areas for the ports of La Spezia and Marina di Carrara
The Spice
Areas identified by the body near the port and hinterland of Santo Stefano di Magra
Conference "Iron-Rubber-Water: Intermodality and the Port of Genoa"
Genoa
It will be held on Friday at the Maritime Station of Genoa
Fratelli Cosulich has acquired a controlling stake of 62% of the capital of Femo Bunker
Genoa
It has an annual turnover of over 70 million euros
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Nola Interport, in 2024 intermodal traffic grew by +18%
Nola
Road freight traffic stable
MSC Cruises' new cruise terminal in the port of Barcelona has become operational
Barcelona
It will be officially inaugurated in the next few months
In January, the port of Singapore handled 3.5 million containers (+5.8%)
Singapore/HongKong
Container traffic in the port of Hong Kong decreased by -10.5%
The "mole" for the Bisagno torrent spillway tunnel has arrived in the port of Genoa
Genoa
It is composed of three main pieces of 196 tons
Port of Long Beach Continues to See Exceptional Container Traffic Growth
Long Beach
In January, 953 thousand were moved (+41.4%)
Mercitalia Intermodal reaches agreement with PJM for the digitalization of 600 intermodal wagons
Rome
Between 2025 and 2027 they will be equipped with the Austrian company's WaggonTracker digital system
Tomorrow CMA CGM will activate a new service between Italy, Spain and Egypt
Marseille
Reorganization of the Bora Med Service line with the inclusion of stopovers in Syria
Assoporti at the Fruit Logistica fair in support of the Italian fruit and vegetable sector
Rome
Record export value of 6.1 billion euros in 2024
Cargo traffic in Russian ports fell by -1.6% in January
St. Petersburg
Only import loads are growing
First Newbuild Container Ship Owned by ONE Christened
Singapore
It has a capacity of approximately 13,800 TEUs
Call for proposals for the enhancement of the Tuscan Port Community System
Leghorn
Paroli: the TPCS is used profitably not only by our AdSP, but also by those of Naples, Venice and Cagliari
D'Angelo (ANSI): Necessary steps forward also in cybersecurity for the port sector
Rome
Threats can paralyze a highly strategic component for the Country System
UBV Group buys International Services and Logistics Nardi
Milan
The Milanese company has been operating in the shipping and integrated logistics sector since 1949
New logistics area in the Milanese hinterland
London/Milan
Joint venture between SFO Capital Partners, Edmond de Rothschild REIM and GARBE
In 2024, container traffic in the port of Valencia increased by +14.1%
Valencia
Strong growth in transhipment (+18.8%)
Dutch Raben Group has acquired fellow Dutch DGO Express
Milan
The company provides road groupage transport and logistics services
Musso (Grendi group): escaping from Genoa? For us it was a stroke of luck
Genoa
Among the initiatives planned for 2025, the relaunch of the container port of Cagliari
This year the association of Genoese maritime agents celebrates its eightieth anniversary
Genoa
A series of celebratory events are planned
MPC Capital Acquires 50% Stake in Fellow City BestShip
Hamburg
The Hamburg company currently offers services to around 450 vessels
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
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
››› Meetings File
PRESS REVIEW
Türkiye's largest shipping company moves to Greece, while tourism giant exits
(Türkiye Today)
Billions lost at sea: over-reliance on foreign shipping drains economy
(The News International, Pakistan)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Port of Chioggia, the call for tenders for the assignment of temporary port work service has been published
Venice
The optimal operational staff of the authorized company is set at 20 units
Hyundai Mipo Orders Four LNG Bunker Vessels
Ulsan/Tokyo/Oslo
Yara to lease new ammonia carrier from NYK
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
Improvement in the final part of the year is not enough for Eimskip to close 2024 positively
Reykjavik
Container traffic at HPH Trust terminals grew by +4.8% last year
Singapore
Revenues up +8.8%
Konecranes posts record annual and quarterly revenues
Helsinki
In 2024, the value of new orders fell by -3.9%
AD Ports - CMA Terminals Agreement to Manage New Multipurpose Terminal at the Port of Pointe-Noire
The Sustainable Intermodality Logistics Association renews its technical commissions
Rome
Francesca Fiorini confirmed as general secretary. 30 new members welcomed
Tarros activates a new rail link between the port of La Spezia and the Interporto of Padua
The Spice
The frequency is weekly
CMA CGM to continue operating container terminal at Syrian port of Latakia
Beirut
New contract with the General Authority for Land and Sea Ports
Costamare posts record annual and quarterly revenues
Monk
Last year, turnover increased by +37.9%
Fatal accident in the ship repair area of the port of Genoa
Genoa
Immediate strike by workers in the sector
The work on electrifying the docks of La Spezia is proceeding rapidly
The Spice
Federlogistica calls for temporary suspension of measure on new classification criteria for customs offices
Wärtsilä closes 2024 with record financial and commercial results
Helsinki
The value of new orders acquired in the year grew by +14%
DSV Group revenues increased in 2024, but not profits
Hedehouse
Air and sea shipments handled by the Danish company increased by +7.1% and +6.6%
Approved for the concession for the automotive terminal of Vezzani in Porto Marghera
Venice
25-year contract
Port of Ravenna, estimated growth of +12.9% of traffic in January
Ravenna
Over 1.9 million tons of goods moved
Container traffic in the port of Gioia Tauro increased by +12.5% in January
Joy Taurus
347,917 TEUs were handled
The Interporto of Jesi is part of the Unione Interporti Riuniti
Rome
The terminals of Melzo and Rubiera are new aggregate partners of the association
Cisl FP Liguria, the downgrading of the Customs offices of Genoa, La Spezia and Savona is absolutely unjustified
Hapag-Lloyd secures 80% financing for construction costs of 24 containerships
Hamburg
The total investment for the new ships amounts to four billion dollars.
ONE Forms Joint Venture With LX Pantos For U.S. Intermodal Market
Singapore/Seoul
Boxlinks to provide end-to-end services in the US
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