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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
June 11, 2009
The Business Timesweb site
Shipping News
  • K-Line to deepen cost cuts, reduce European routes
    Kawasaki Kisen Kaisha Ltd, Japan's third-largest shipping line by sales, may cut as much as three billion yen (S$44.4 million) in additional costs and reduce European container routes as rates plunge.
  • Drydocks delivers two jack-up barges
    Drydocks World-Southeast Asia (DDW-SEA), the regional unit of Dubai-based Drydocks World, has signalled its growing prominence in the construction of specialised vessels with the delivery of two jack-up barges meant for wind-farm construction in European waters.
  • EU preparing to cap shipping emissions
    The European Commission is preparing measures to cap carbon emissions from shipping if the global maritime industry fails to come up with its own proposals soon, an official of the EU executive body said on Tuesday.
  • China to boost ship production to 50m tonnes
  • Baltic Sea divers find sunk WWII Soviet submarine
  • Baltic Dry Index may have peaked: Clarkson
  • KL rescues illegal migrants

Sched Netweb site
  • US retail imports stay below one million TEU: Port Tracker
  • NANZDA ups rate to New Zealand US$250/TEU and $500/FEU July 15
  • MOL launches barge service linking Phnom Penh and America
  • Worldwide: 533 ships laid up, 533 stillborn as orders cancelled
  • Panama Canal holds marine simulation, manoeuvrability meet
  • First CMA CGM ships to commence calling at Tanjung Pelepas
  • Maersk's new Ecuador Banana Express service, drops Agadir call
  • Dachser increases stake in Taiwan joint venture to 80pc
  • NZ empties will damage economy, says Ports of Auckland chief
  • DHL enhances LCL services from Tokyo, Yokohama to Chicago
  • Saudi Arabia bans importation of older cars and trucks
  • Shenzhen Airlines confident of profit, plans flotation
  • Qantas Freight to launch new trans-Tasman Sea service
  • SIA Cargo loses US$169 million, depresses group profit 57pc
  • Yangtze River Express launches Shanghai-Dallas cargo service

Exim Indiaweb site
  • InterManager coming to grips with criminalisation of crew
  • Maersk Line to effect rate hikes from July & Sept.
  • VLCCs being booked just to store diesel!
  • Iron ore export price to be negotiated in July
  • Kandla Port handles 12.79 m tonnes in 67 days of 2009-10
  • VCT reserves plot for saplings
  • OBM launches Goa's first marine container yard
  • Plan panel suggests formation of cargo villages near major airports
  • ECB norms being eased to allow SEZs to tap funds abroad
  • New norms may be drawn up for SEZ denotification
  • Tax holiday for EOUs, STPs may continue for 3 years
  • EPCES seeks tax sops, extension of sunset clause in Budget
  • 8-9 pc GDP growth achievable, asserts PM
  • CII to hold training programme on supply chain management

Maritime Global Netweb site
JUNE 10, 2009
  • Hellenic results outline threats
  • IMO should set greenhouse gas targets - Intertanko
  • No clean sweep at Oslo green awards
  • IACS antitrust proposals unveiled by EU

Marine Logweb site
JUNE 10, 2009
  • Creditors seek Bender bankruptcy
  • Kvistefos wins Trico vote ... but not by needed margin
  • Warning: Pirates trying new tactics

World Wide Shipperweb site
JUNE 10, 2009
  • Harley Marine Services orders vessel from U.S. Barge
  • Port of Everett marinas net 'Clean' re-certification
  • "K" Line opens own agency in Brazil
  • Port Tracker report finds container volumes drop again
  • Panama Canal Authority honored for expansion plans

Lloyd's Listweb site
JUNE 10, 2009
  • Nor-Shipping 2009: EC wants new entry criteria for IACS members
    CONDITIONS on information sharing and qualitative membership will not dilute quality.
  • IACS still mystified over reasons for probe
  • Industry fury as UK opts for light dues increases
    TWO-stage compromise not enough to curtail shipowners' anger.
  • Nor-Shipping 2009: Cancellations have been inflated
    CHINESE yards say estimates of shipyard cancellations are being grossly exaggerated.

Fairplayweb site
JUNE 10, 2009
  • US containers slump 21%
    US BOX imports are now expected to slide 21% during the first half of this year ' a far steeper drop than predicted
  • Vale confirms price cuts
    BRAZILIAN mining giant Vale agreed today to sharp 2009 price cuts for iron ore and pellets shipped to Japan's Nippon Steel Corporation and South Korean steel and construction company POSCO
  • BHP cuts coal contract prices
    BHP BILLITON today announced a 58% cut in it's annual metallurgical coal contract prices for its main customers, in a response to falling steel market
  • Is Russia milking this dispute?
    RUSSIA'S consumer protection service has barred imports of milk and dairy products from Belarus
  • Orinoco Iron in COA suit
    VENEZUELAN hot briquette iron producer Orinoco Iron is being sued for $17.8M by shipowner GBSMT for allegedly breaching its Contract of Affreightment
  • EC extends management scope
    THE EC has extended the scope on government aid to ship management companies. Full Story
  • Windy weapons against pirates
    MONSOONS constitute a secret weapon against pirates, according to a military advisory

The Journal of Commerceweb site
JUNE 10, 2009
  • Reorganize DOT, Transport Policy Group Says
  • Truck Brokers Merge
  • Houston Security District Gets Final OK
  • Obama Names Hersman to Chair NTSB
  • Freight Index Falls to Seven-Year Low
  • Navy Warns Pirates Changing Tactics
  • Russia Proposes to Join WTO With New Bloc
  • Lufthansa Cargo Pulls Out of Nosedive
  • Lidinsky Nominated to FMC
  • U.S. Trade Gap Rises to $29.2B in April
  • India Box Traffic Falls 12 Percent
  • Port of Guam Awarded $2M in Stimulus Funds
  • Video: Amsterdam's Waterland Terminal survives the downturn
  • Truckers Pan Cap-and-Trade
  • WTO Head Sees Doha Trade Deal by 2010
  • Developer Plans to Tap Mississippi for Energy
  • Mitsubishi Plans Nuclear Growth
  • Teamsters Weigh YRC Pension Deferments

Containerisation Internationalweb site
JUNE 10, 2009
  • Oil prices through USD70
  • ESC to consult on Rotterdam liability rules
  • Sea Axis remains upbeat about market upturn
  • Mothballed slots ease below 1m TEU
  • Maersk to also up rates from Asia to Europe

TradeWindsweb site
JUNE 10, 2009
  • Big US drawdown
    US crude stocks fell by 4.4 million barrels last week, far more than what analysts had expected.
  • OSG shares fly
    Overseas Shipholding Group shares leap by 15.3% after holding the line on its dividend.
  • Billung bullish
    Golden Ocean chief hopeful that bulkers can avoid another crash next year.
  • Ore still soaring
    China buying spree continues as country's imports 55.5 million tonnes of iron ore in May.
  • Navig8ing out
    Singapore products tanker owner cuts stake in Nasdaq-listed rival Aries Maritime Transport.
  • No cigar
    Christen Sveaas routs chairman Joseph Compofelice in Trico election, but Kistefos proposals appear to lack required margin.
  • Bigorange peeled
    Production shut-in after Wilhelmsen-managed well-intervention vessel and ConocoPhillips platform are damaged in a North Sea collision.
  • Smokin'
    The DNV Norshipping barbecue proves the hottest ticket in town.
  • Casualty file
    Weekly WebTV roundup of casualty incidents revisits industry deaths aboard Flight 447 and pirate routs off Somalia.
  • Bergen bags giant
    Pal Engebretsen-led yard to built DP-3 construction vessel for K-Line linked German owner.
  • Box burden
    Nordea's Carl Steen believes German banks have been hamstrung by containership exposure.
  • Distress success
    Talk to banks and yards to find cheap asset deals, SFM's Lars Solbakken advises.
  • Ditch the lot
    All bulker newbuildings would be cancelled in an ideal world, according to Michael Bodouroglou.
  • Bond bonanza
    John Fredriksen's Seadrill is in line for a profit of nearly $90m from sale of two newbuildings thanks to its share in Petromena bond loan, analysts say.
  • Scrap scrape
    Cash buyer GMS lambastes Mauro Balzarini's views on conditions at Alang as "mythical".
  • IACS given chance
    Class society body faces huge fine if it does not stick to commitments to settle EC antitrust case.
  • Car cash
    Per Ditlev-Simonsen's Eidsiva Rederi secures near $30m deal which will keep car carrier trio working until 2011 and 2012.
  • Red Sea risk
    Combination of monsoon season and increased naval presence pushing pirates west of Gulf of Aden.
  • Mermaid scores
    Thoresen Thai's offshore arm wins work in Brazil and Thailand potentially worth up to $30m.
  • Unscathed!
    Hellenic War Risks Club survives year of pirate attacks and financial upheaval less than $1m the poorer.
  • Yujin inches up
    Singapore small tanker operator sees profits rise, but expects tougher conditions going forward.
  • Singapore bound
    Chinese petroleum company Brightoil says it plans to start up a bunkering operation in the Lion Republic.

American Shipperweb site
JUNE 10, 2009
  • Lidinsky nominated for FMC commissioner
  • Swire upgrades Europe/Oceania/Pacific Islands link
  • Resolve Marine enhances OPA 90 compliance offering
  • Trans-Asia railway meeting set for Thursday
  • Great Lakes ore, stone trade off
  • Highway trust fund solvency trumps reauthorization, expert says
  • TAPA names board members
  • Panalpina on Schiphol tarmac
  • Mainfreight expanding U.S./Canada service
  • Retailers: Import container volumes remain low

The Scandinavian Shipping Gazetteweb site
JUNE 10, 2009
  • Good beginning of the year at The Swedish Club
    The Swedish Club has had a positive overall trend in the first half of the year, managing director Lars Rhodin told the members at the club's AGM. Claims are declining
  • Delayed delivery on Odense ro-ros
    Odense Steel Shipyard has received around USD 24 million in compensation from Hong Kong based Pacific Basin for the delay in delivery of four ro-ro vessels on order. Pacific
  • Clipper cuts 41 Danish jobs
    Clipper Marine Service, the technical management area in the Clipper Group, will replace 41 Danish citizens with citizens from the Baltic states. Furthermore, Clipper will abandon the scheme of taking
  • Stena Bulk in joint venture with Japanese shipping company
    Stena Bulk and Asahi Tanker Co have formed a joint venture company, which will invest in tonnage of varying sizes. Initially, the focus will be on investments in and/or

The Bunker Bulletinweb site
JUNE 10, 2009
  • Bunker prices keep climbing in Europe
    Rotterdam prices for 380 cst material up by almost $10.
  • Oil demand shows signs of recovery
    Crude oil prices firm on news of surprise draws from US inventories.
  • Bominflot expands Gibraltar operations
    Group says it is strengthening its physical network 'wherever possible'.
  • EC official 'backs' emission trading
    Latest moves leave confusion over commission's position on bunker levy.
  • Asian bunker prices touch seven-month highs
    Tokyo prices see strong recovery.
  • WFS chief shares up for sale
    Paul Stebbins may sell up to 20% of his stake in the company in a pre-arranged stock trading plan.
  • Armada still in business
    The company intends to carry out contractual obligations under judicial management.
  • Low demand delays bunker tanker launch
    Pakistan supplier delays launch of its biggest bunker tanker by one year.
  • Sharp plunge in Japan bunker prices
    'Critically low demand' has triggered price falls.
  • Singapore Q3 ex-wharf bunker term premiums firmer
    380 cst bunker term premiums in Q3 firmer.

›››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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