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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:44 GMT+1
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BRIEFS
April 24, 2009
The Business Timesweb site
Shipping News
  • Boat Asia show features 18% more vessels
    Marina at Keppel Bay's partnership with Boat Asia show organiser TMX Show Productions has proved to be a successful one, with the major regional boat show returning to the prime waterfront venue for the second year in a row.
  • China Cosco to delay ship orders after H2 loss
    China Cosco, the world's largest dry bulk shipper, posted a bigger-than-expected second-half loss and said it was in talks to delay or cancel some new ship orders to help weather the market downturn.

Sched Netweb site
  • Cosco 2008 earnings drop 40pc as revenues rise 16.6pc
  • China Cosco seeks to cancel or delay ship deliveries
  • DHL signs Shenzhen DC deal with China Merchants
  • Cross-strait box trade soars four-fold plus, costs drop 15-30pc
  • LA-Long Beach eco-schemes risk losing ships and shippers
  • CN names CFO to replace Harrison as CEO from January
  • Port of St Petersburg posts 24pc profit increase in 2008
  • Hamburg docks biggest ever ship, 11,000-TEU CMA CGM Andromeda
  • Continental loses US$136 million in first quarter as revenues fall 17pc
  • Boeing still going strong despite 50pc quarterly profit fall
  • IATA: Worst over, but recovery steep and long climb
  • Aeroflot ends 20-year history in Ireland with flight suspension
  • Forward Air faces first quarter loss of US$3.1 million
  • Worldwide Flight Services biggest Orly operator with Tunis Air deal

Exim Indiaweb site
  • Persian oil tanker rates may rise as owners refuse unprofitable cargoes
  • ABB helps face shipping crisis
  • No slowdown seen in shipbuilding & repairs in Middle East
  • 260 newbuilding orders cancelled
  • Laid-up ships increase to 42
  • Mayur C. Contractor passes away
  • Bunker providers-the lifeline of maritime giants
  • Cement exports contract to 8-yr low
  • 20 pc safeguard duty imposed on Chinese soda ash
  • Chinese tyres just keep rolling in
  • Gems & jewellery exports glitter amidst global gloom
  • India & Syria modify DTAA to provide for source-based taxation of capital gains in share sales
  • GMB's ports poised to lead from front
  • MbPT starts yachting school
  • Economist paints rosier economic hue
  • PM sees 8-9 pc growth after September
  • Tatas begin spadework on SEZ in Chennai
  • India 2nd best market for wealth management-survey
  • BoA may allow more time to start work on SEZ projects
  • RBI to infuse Rs 1.2 lakh cr. into banking system

International Transport Journalweb site
APRIL 22, 2009
  • Deutsche Post DHL shed some feathers in 2008
    Deutsche Post DHL AG, one of Europe's leading mail carriers, presented its definite (i.e. consolidated) results for fiscal 2008 at its recent annual general meeting....
  • Zufall Logistics Group bucked the trend by boosting turnover in 2008
    Germany's Zufall Logistics Group was able to grow its turnover in financial 2008 by 3.9% to EUR 241.6 million, despite the looming global economic downturn. The medium sized forwar...
  • Geodis Germany moves to LogPark Hamburg
    Geodis Logistics has selected LogPark Hamburg (Germany) as the location of its new distribution centre for northern Europe. Geodis Logistics Germany, a subsidiary of the French rai...
  • DSV's Harwich and Immingham sites achieve ISO 14001 accreditation
    DSV, a global supplier of transport and logistics solutions, has publicized its commitment to reducing its environmental impact by achieving ISO 14001 accreditation for its Ha...
  • Prices for intermodal transport services under increasing pressure too
    A conference entitled 'Price management in intermodal transport', which was held at the St Gallen University (Switzerland), revealed that "the current market situation is having an...

Maritime Global Netweb site
APRIL 23, 2009
  • PSA says box traffic may have bottomed out
  • Cosco looks to delay newbuildings
  • ITF: "Philippines crew ban reports incorrect"
  • Hebei Spirit officers still on bail after appeal

Marine Logweb site
APRIL 23, 2009
  • Drydocks World delivers world's largest OCV
  • T&T Bisso salvages drill barge
  • Korea to put $6.4 billion into restructuring struggling shipping industry
  • Busy first quarter for Titan Salvage

World Wide Shipperweb site
APRIL 23, 2009
  • Port of Seattle set for start of 2009 cruise season
  • Boeing converted freighter delivered to Air China Cargo
  • Border Patrol agents take tips for charity
  • Port of Vancouver, USA already working at Terminal 5
  • Ship management firm slams HEBEI SPIRIT ruling

Lloyd's Listweb site
APRIL 23, 2009
  • MSC storms back into boxship charter market
    CHAIRMAN Gianluigi Aponte takes full advantage of depressed market conditions to charter large boxships at record low rates.
  • MSC boosts market with post-panamax fixtures spree
  • Monthly Asia car carrier sailings plunge in March
    DRASTIC falls of up to 45% emerge for Asia and US car makers in first quarter data.
  • Cantor Fitzgerald cuts tanker freight rate forecasts
    BANK lowers rate predictions for every segment of the tanker market and forecasts that asset values will drop as well.

Fairplayweb site
APRIL 23, 2009
  • Koreans overturn Hebei ruling
    SOUTH Korea's supreme court today overturned the sentences and fines handed down to the Hebei Spirit's crew but refused to exonerate the men, who have been in jail for more than a year
  • Tanker stocks graded down
    CANTOR Fitzgerald analyst Natasha Boyden cut her ratings on a list tanker stocks today in reaction to a worsening outlook on fundamentals
  • Fortescue deal advances in Beijing
    CHINESE regulators have formally approved Hunan Valin Iron & Steel's deal to take a 17.33% shareholding in Fortescue Metals of Australia
  • Sietas locks horns with unions
    MANAGEMENT at Germany's JJ Sietas Shipyard is pressing for a reduction of its 880-strong shipbuilding workforce by one-third under a rescue plan for the group
  • Lifeline for Spanish yards
    MADRID today approved a €200M ($261M) credit line for small and medium-sized private yards to ensure that current orders are completed
  • Seoul unveils $3Bn shipping fund
    SOUTH Korea plans a government fund to acquire vessels from struggling companies as part of efforts to help industries buffeted by the global recession
  • RCCL expects 'annus horribilis'
    ROYAL Caribbean Cruises chairman Richard Fain affirmed today that vessels will be shifted to better-performing markets, implying a future upside for Caribbean ports

The Journal of Commerceweb site
APRIL 23, 2009
  • YRC Losses Rise to $257 Million
  • Con-way Loses $154 million in First Quarter
  • Freeman to Leave LA Harbor Board
  • Manhattan Associates Profit Falls in Software Pullback
  • Caterpillar Disappointed in Stimulus
  • Coal Company Cuts Production
  • Old Dominion Profit Dives 62 Percent
  • Bayonne Bridge Replacement Gains Favor
  • Hub Group Profit Plunges 52.6 Percent
  • Union Pacific Revenue, Profit Off Track
  • Canadian Pacific Profit Falls 31 Percent
  • Rail Freight Declines Sharply
  • Import Surge Clogs Nehru Port
  • GATX Profit Slashed 42 Percent
  • South Korea to Buy Ships from Troubled Carriers
  • UPS Freight Profit Takes Hit
  • Horizon Merges with Beacon
  • Retailers Urge Trade Reform
  • UPS Profit Tumbles 55.7 Percent
  • Maersk Makes Sweeping Asia-Europe Changes
  • Maersk Subsidiary Links Russia, South Korea
  • Cargo Screening Offers Profits, Risks
  • Stimulus Funds to Beef Up Border Protection
  • Knight Increases Profit in First Quarter

Containerisation Internationalweb site
APRIL 23, 2009
  • SCA Transport signs up with GT Nexus
  • MISC opens Jakarta/Middle East direct call
  • Norfolk Southern's profit plummets
  • FMC may appeal against clean trucks ruling
  • Zim to reintroduce calls at Piraeus

TradeWindsweb site
APRIL 23, 2009
  • Armada impasse
    Deadline set for judicial manager proposal to be developed as Knut Hundhammer invites creditors to join action group.
  • Loan confidence
    After Royal Caribbean scores $1bn for Oasis of the Seas, Richard Fain expresses confidence over Allure of the Seas funding.
  • Q1 'good' for CMB
    Parent of Belgium's Bocimar turns around losses from a year ago to post a first-quarter profit.
  • Tropical growth?
    As Tropical Shipping feels the economic slump, Caribbean liner operator hints it could jump on acquisition opportunities.
  • Tanker ratings hit
    New York's Cantor Fitzgerald issues a sweeping downgrade of US-listed tanker owner stocks.
  • Royal surges
    Cruise line Royal Caribbean sees shares take flight after results beat expectations.
  • Not so bad
    Royal Caribbean reports smaller than expected first quarter loss as bunker and other costs fall.
  • Hebei ruling hit
    V.Ship slams Korean court ruling on Hebei Spirit two as "great disappointment", detention continues.
  • A Noble surprise
    US rig and drillship owner Noble Corp defies demand challenges in the first quarter to beat Wall Street expectations.
  • CSDC slashed
    Li Shaode-led tanker and bulker owner endures torrid start to 2009, with profit chopped 81%.
  • FMG suspended
    Baltic Exchange takes action against Australian mining group Fortescue but is cagey about the cause.
  • Cut in half
    China's GSI yard posts 50% drop in first quarter profit as costs rise and orders fall.
  • NSCSA gets cash
    Saudi owner arranges Islamic loan to fund building of eight tankers in Korea.
  • Frozen out
    Veteran Green Reefers' ship Green Snow sold for $1m profit.
  • Danoosh dented
    Another ship has been badly damaged in a collision off Singapore's increasingly congested waters.
  • Cosco cutting
    Chinese giant may axe some bulker newbuildings as it seeks delays to chartered boxships as profit dives.
  • Greek ship raided
    Armed pirates make off with cash and belongings after boarding of bulker in South China Sea.
  • Hero is villain
    Leaky Hapag-Lloyd boxship held by USCG with long list of faults, while others in hot water over OWS.
  • 'No sacred cows'
    Singapore yard Keppel Corp could slash unprofitable business units as outlook for 2009 not bullish.
  • Seacor surge
    US offshore and tanker player pushes up first quarter profit as revenues jump.
  • BLT bitten
    Indonesian tanker owner's shares take a pounding after it announces dividend cut.
  • Tide trio
    Third accident in two months for Norway's Tide Sjo as ferry in collision with US yacht.
  • Daiichi on downer
    Japanese bulker player expects another JPY 1bn of annual losses as it revises forecast.
  • Rocky rescue
    Small cargoship saved from grounding by rescue boat off Norway.
  • Port rues costs
    Russian Black Sea port of Novorossiysk sees annual profit rise but higher costs erode huge sales gain.
  • The big squeeze
    Sohmen-Pao family ups BW Gas holding to 99.3% and will now squeeze out remaining shareholders.
  • Singapore sinking
    Dramatic pictures as general cargo ship begins taking on water off Singapore's Outer Shoal.

American Shipperweb site
APRIL 23, 2009
  • COSCO profit slips 40% in 2008
  • Firm offering piracy protection crews
  • Bibby opens new Ukraine training center
  • Delta dumps freighter fleet
  • Management in place for Cargoitalia launch
  • Environtainer names Danckaarts director
  • Hub records sharp 1st quarter profit drop
  • Coalition seeks U.S. trade preferences reform
  • Deployment of ACE entry summary underway
  • Napolitano to visit Europe
  • FMC reviews 2 OTI license applications
  • Charleston tugs switch to cleaner fuel

The Scandinavian Shipping Gazetteweb site
APRIL 23, 2009
  • Boom for officer education applications in Sweden
    Interest in maritime officer education has reached record levels in Sweden, with far more applicants than available study places. For this year's course start, the Kalmar Maritime Academy has received
  • Russia sentences New Star captain
    The captain of the Chinese-owned freight vessel New Star, the indonesian citizen Nazvir Adi, has been sentenced to three months in prison for border violation, by a Russian court
  • Only sea transport increasing in Russia
    In Russia, all types of transportation are decreasing with the exception of sea transport, which is bucking the trend and increasing. All the different modes of transport transported a total
  • Mærsk hit by piracy on the Internet
    A. P. Møller-Mærsk has been hit by an internet fraud. A false Mærsk website has been offering jobs in the A. P. Møller-Mærsk Group, especially in India, if

The Bunker Bulletinweb site
APRIL 23, 2009
  • ECA 'not supported by science'
    Chamber of Shipping says 200-mile zone is not justified.
  • European bunker prices stable
    Warnings of congestion reported in Piraeus.
  • Fuel oil inventories dip in ARA
    Players says local refiners are starting to increase asphalt output at the the expense of fuel oil.
  • 30th IBC underway in Oslo
    Bunker conference looks to 2020 and beyond.
  • Cruise line helped by falling fuel costs
    Royal Caribbean says 'relatively low fuel prices' have encouraged it to hedge.
  • Asian bunker prices softening
    Busan players report 'weak' demand.
  • Bunker supplier to open Latin American trading desk
    OW Bunker says new desk will give European clients access to 'expert knowledge'.
  • St. Petersburg Q1 bunker sales down
    March figures offering hope as port recovers from sharp decline in throughput.
  • Singapore residual fuel stocks at 8-week low
    Middle distillate stocks at 8-month low.
  • Shipowners should 'diversify funding sources'
    Traditional Western financiers are being been 'replaced' by Asian sources.
  • Optimum speed 'Dashboard' for tankers
    Slumping freight rates highlight impact of bunker costs.
  • Singapore 380 cst May term premiums dip
    Anticipated tight supplies drag down premiums.
  • Singapore wins Best Seaport in Asia
    Sets record volumes in vessel arrival tonnage, container throughput and bunker sales.
  • Sustainability practices 'important' to shipping
    Shipping's contribution to sustainability has been slowed by 'indecision and short-sightedness'.

›››File
FROM THE HOME PAGE
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
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
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
Signed the final agreement on the contract of port workers
Rome
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
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
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
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
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
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.
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
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
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.
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
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%
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%
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
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
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.
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
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
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%)
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
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
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
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.
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
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"
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
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
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
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
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
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
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%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
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.
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.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
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
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
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
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
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
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
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
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
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
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
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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