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Independent journal on economy and transport policy
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BRIEFS
March 1, 2013
Sched Netweb site
  • US east coast dock strike a risk as ILA, USMX extend talks a week
  • Port of Xiamen to merge three container terminals to provide 50 berths
  • Safmarine drops Maersk agency, picks Socopao as South African agent
  • Chongqing to build 50 central business districts in five years
  • BIMCO opens in Shanghai to enhance relations with Chinese stakeholders
  • Maersk adds 'administratively difficult' Hazira after others shy away
  • Working two sides of finger piers with Liebherr ship-to-shore crane
  • Vancouver installs GPS transponders on 700 trucks - 50pc of drayage fleet
  • CMA CGM 16,000-TEUer offers passenger service on Asia-Europe route
  • NIIT installs cargo handling system for Cathay's Hong Kong terminal
  • GACAG urges global agreement on trade facilitation after Doha talks stall
  • Liege airport posts 14.5pc cargo decline, but new services rebuild traffic
  • Lufthansa Cargo joins German humanitarians to airlift urgent relief
  • Dusseldorf welcomes first B787 freighter by charter flight from UAE

Exim Indiaweb site
FEBRUARY 28, 2013
  • Hanjin announces East Africa service from Mundra
  • Stimulating deliberations & enthusiastic interaction make for a distinct event
  • FM announces setting up of two new Major Ports
  • Iranian oil companies interested in setting up LNG/oil terminal at Dighi Port
  • JNPT seeks Sebi nod to raise funds through bonds
  • Port restrictions, high barge charges causing ship supply costs to spiral, warns Hutton s
  • Private port operators seek PM s intervention on proposed new guidelines
  • Synergy Seaports facilitates first vessel call at Kandla Port s new Berth 13
  • Budget 2013-14-Some key proposals
  • Highlights of Union Budget 2013-14
  • IDBI Bank, Exim Bank to jointly finance export-oriented companies
  • INR remains firm despite trimming initial gains

International Transport Journalweb site
FEBRUARY 28, 2013
  • Sichuan Airlines introduces second long-haul destination
    Starting today (28 February), China-based Sichuan Airlines is launching operations to Melbourne, its first destination in Australia. The Chengdu-based carrier began a first long-ha...
  • Quito's new airport opens
    The opening ceremony of Quito's new Mariscal Sucre international airport took place last week. Its brand new cargo facilities (45,000 sqm) have the capacity to handle 250,000 t of ...
  • Finnlines to increase Helsinki - Rostock sailings
    Finnlines, which currently offers three direct sailings a week from Rostock (Germany) and two from Helsinki, will introduce a new departure from Helsinki in week 15. The Finnish sh...
  • CSX started track work in Virginia
    CSX Transportation, a transport service provider based in Jacksonville FL (USA), has started track maintenance work on its line through Ashland VA, to step up the safety and effici...
  • New CEO helms USA Truck
    USA Truck Inc has appointed John Simone as its new president and CEO and given him a seat on the board of directors. The former CEO, Cliff Beckham, has returned to his previous rol...
  • Wim Bosman Belgium receives truck safety award
    Wim Bosman Belgium, a European logistics service provider, has won the Truck Safety Award presented by MMM Business Media in Belgium. The jury was impressed by the results that the...
  • AirBridgeCargo opts for application of Champ Cargosystems
    Moscow headquartered AirBridgeCargo Airlines (ABC) is augmenting its cooperation with Champ Cargosystems. The provider of integrated, business-critical IT solutions for all players...
  • Daimler augmenting truck portfolio in India
    Daimler India Commercial Vehicles will put 17 new BharatBenz truck models onto the Indian market by 2014. After last year's record sales of over 1,000 heavy-duty trucks within a th...
  • Etihad Rail: stage one on schedule
    Etihad Rail, the developer and operator of the UAE's national railway network, has secured funding of AED 4.7 billion (USD 1.28 billion) for stage one of its railway project. The n...
  • DST opens logistics hub in Karlsfeld near Munich
    DST Möbel Mobil, a furniture forwarder based in Rekingen (Switzerland), is opening a 2,000 sqm logistics centre with twelve truck loading bays in Karlsfeld, on the north-western pe...
  • Streck Transport holds groundbreaking ceremony for new logistics centre in Switzerland
    Streck Transport AG, a forwarding company headquartered in Möhlin near Basel (Switzerland), is investing CHF 12.5 million in a cross-docking warehouse and office building in Pfunge...
  • NV Logistics SA accredited by Swissmedic for transport/storage of therapeutic products
    NV Logistics, a Geneva airport (Switzerland)-based company founded by Thierry Moreno in 2010, provides a large and innovative range of logistics services to its clients. The f...

Marine Logweb site
FEBRUARY 28, 2013
  • Peene Werft delivers Swedish Coast Guard vessel
  • Big questions on costs of Canada's NSPS
  • Kvichak Marine books order from Savannah Pilots
  • Hercules Offshore buys liftboat Titan 2
  • Scorpio Tankers exercises newbuild options at HMD
  • Commandant delivers State of the Coast Guard address
  • MOL holds naming ceremony for VLOC

World Wide Shipperweb site
FEBRUARY 28, 2013
  • Equipment flap brings lockout at United Grain facility in Vancouver
  • Greenbrier works agreement to sell Kentucky bearing facility
  • Upcoming AAPA seminar to cover administration, legal issues
  • Corps sets March closure of Columbia/Snake navigation locks
  • Mitsui adding new vessel to iron ore carrier lineup

Lloyd's Listweb site
FEBRUARY 28, 2013
  • CFDA welcomes China move
    Trading platform will boost growing volumes in over-the-counter trades
  • Blackstone to insure Citi shipping book
    Move allows bank to beat capital adequacy rules
  • SSE plans Hong Kong box derivatives trading platform
    Move would sidestep forex controls in mainland China and increase liquidity
  • Scorpio Tankers splashes out on six more eco newbuilds
    Expansion is not abating as company snaps up abandoned slots at Hyundai Mipo
  • Can China-built ships be any cheaper?
    Newbuilding prices might stem the downward spiral
  • Hidden threat in Chinese offshore ambition
    Some of China's yards risk their future to win business today
  • Bourbon vows not to deploy armed guards
    French offshore vessel owner says it would rather stop working if piracy risk mounts
  • Gazprom signs Israel gas agreement
    Russian monopoly eyes greater diversification as monopoly on piped gas to Europe increasingly comes under scrutiny
  • Shell expands LNG business
    Oil major snaps up part of Repsol's portfolio outside North America
  • Suez Canal eyes North Sea crude cargoes
    Promotional tariff wins southbound traffic to Asia
  • Tokyo Gas pumps up the pressure on LNG bills
    Utility wants a new pricing structure for costly liquefied natural gas imports
  • Triangulation will not work for LNG carriers, say experts
    Economies thwarted by varying cargo quality and longer load and discharge times
  • Hong Kong government plans maritime and aviation training fund
    Initiative to recruit young talent tackles industry skills shortages
  • Japanese owners slam Suez fees hike
    Increase of 5% planned for May
  • Banks play down hope of increased lending for shipping
    But owners hear that less money is required for newbuilding and secondhand purchases
  • Every little helps
    Blackstone's insurance deal is not a silver bullet for Citibank
  • Scrap heroes
    Cosco leads the pack in sending ships for demolition over the last four years
  • Aegean Marine Petroleum boosts full-year profit
    Greece-based bunkering outfit enjoys strong 2012 despite flat sales
  • Slack handysize market spells loss for Pacific Basin
    Yearly net loss reflects writedown from ro-ro exit
  • Vale posts its first quarterly loss in a decade
    Iron ore giant takes $5.7bn writedowns on loss-making mines as its maritime freight costs soar
  • Wogan eyes multiple opportunities for GasLog
    LNG carrier owner is relaxed about fixing last open ships as annual revenues soar
  • Brightoil swamped by red ink
    Bunker supplier posts 35% fall in revenue and a $974m loss from derivatives
  • Scrapping emulates last year's record-breaking levels
    Ship recycling players face influx of tonnage in a changing business landscape
  • Cash buyer GMS plugs ship-finance gap
    Operators seeking capital bring business proposals to Sharma
  • Hong Kong Convention entry into force criteria and guidelines
    IMO wording
  • Four years on and the Hong Kong Convention still has no signatories
    Ship recycling industry expects it could take even longer than originally expected to enter into force
  • Owners embrace hazardous materials inventories
    Hong Kong Convention spurs drive to identify asbestos and other risks
  • Spotlight on Bangladesh ship breaking and recycling rules
    An overview of the measures that govern the country's scrapping industry
  • Chittagong is changing its ways
    Bangladesh's shipbreaking industry has been improving working practices in accordance with local government guidelines
  • Industry divided over Brussels moves to regulate recycling
    Success of proposed fund will require more transparent pricing

Fairplayweb site
FEBRUARY 28, 2013
  • Judge refuses to transfer Concordia lawsuit
    A LAWSUIT filed by Costa Concordia passengers will proceed in Florida state court, not Italy - a major legal blow to owner Carnival
  • Earnings put pressure on Aegean shares
    STOCK pricing for Aegean Marine Petroleum Network slumped today after its earnings came in well below expectations
  • Wilson's net losses rise
    WILSON, one of Europe's biggest shortsea operators, today posted significantly higher net losses for 2012
  • Rise in debt protection seen for Germany
    MORE shipowners in Germany are likely to use reformed debtor protection rules under a debt restructuring bill, an insolvency administrator has predicted
  • Lending squeeze halts German fleet growth
    LIQUIDITY and capital shortages are taking their toll on Germany's merchant fleet, the third-largest in the world
  • Shipping hails Delhi's moves
    INDIA'S finance minister today disclosed duty exemptions for domestic shipping companies
  • Pacific Basin swings to losses
    HONG KONG-listed Pacific Basin said today it swung to 2012 net losses of $158.5M, on a $199M write-off of its ro-ro business
  • Kreuz's profits soar 49%
    SINGAPORE-listed Kreuz Holdings said today profits shot up 49% for FY12
  • China's output of ship plates falls 37.2%
    CHINA'S production of ship plates reportedly fell 37.2% in 2012
  • Luka Koper's profits surge but miss target
    LUKA KOPER, which owns Koper, Slovenia's only port, said net profits for 2012 surged to €10.4M ($13.9M), '10M more than its 2011 results but '3.2M less than its prediction
  • Brightoil reels to 2H losses
    HONG KONG-listed Brightoil today reported losses of HK$871.1M ($112.3M) for the six months ended 31 December 2012, reversing profits of HK$965.2M a year earlier
  • Profits for DFDS dive
    DENMARK'S ferry and logistics group DFDS said today recession in Europe and overcapacity were behind a deep fall in 2012 profits
  • Torm warns on profits
    TORM, the listed Danish product tanker and bulk shipping group, said today it faces deeper losses than forecast this year
  • German turbine installation deal awarded
    FRED OLSEN Windcarrier said today it has been awarded an installation contract by the Siemens group
  • Profits tumble 56.3% at China's Sainty Marine
    SHENZHEN-listed Sainty Marine said today its net profits fell 56.3% year on year to 80.7M yuan ($12.9M) in 2012

The Journal of Commerceweb site
FEBRUARY 28, 2013
  • Wan Hai Lines Launches New 4,680-TEU Container Vessel
    Wan Hai Lines christens Wan Hai 515.Wan Hai Lines has christened its Wan Hai 515 container vessel at a ceremony at CSBC Taiwan's Kaohsiung shipyard in China. Po Ting Chen, chairman of Wan Hai Lines, presided over the ceremony. Wan Hai 515 has a maximum loading capacity of 4,680 20-foot-equivalent units. It...
  • MAPI Report: Manufacturing Production to Rise 2.2 Percent in 2013
    Inflation-adjusted gross domestic product will expand by 1.8 percent in 2013 and by 2.8 percent in 2014, according to the Manufacturers Alliance for Productivity and Innovation's Quarterly Economic Forecast report. The figures show no change from MAPI's previous November 2012 report. However, manufacturing production is expected to show increases of 2.2...
  • Japanese Shipowners Knock Plans to Hike Suez Canal Tolls
    The Japanese Shipowners' Association is urging the Suez Canal Authority to rescind the toll increase scheduled to go into effect on May 1. In a letter submitted to SCA, the JSA expressed "deep disappointment" regarding the unilateral toll increase "without any dialogue between the SCA and Canal users," following the 3 percent toll...
  • Shuster, Boxer Urge States Officials to Get Word Out on Infrastructure Needs
    WASHINGTON, D.C. - Bill Shuster and Barbara Boxer - the respective chairs of the House and Senate's major transportation infrastructure committees - told state transportation officials Thursday that their efforts to educate the public and Congress on the nation's infrastructure needs are essential to passing key legislation. The duo's comments highlight the push to...
  • Canada's West Coast Ports on the Rise in 2012
    U.S. and Canadian West Coast ports: market share by country in 2008Canada's West Coast container ports saw robust growth in 2012 while for the most part their U.S. counterparts stagnated or declined, according to analysis of each port's published data. The result is that Canada's share of total West Coast...
  • North American Rail Traffic Drops
    For the week ending Feb. 23, North American carload and intermodal volumes dropped from the previous week because of U.S. and Canadian volume decreases, according to the Association of American Railroads. U.S. Carload vs Intermodal Traffic Week-to-Week Percent ChangeSource: AAR For a larger chart, click on the image.Combined North American carload volume,...
  • India Increases Duties on Imported Luxury Goods
    India's Ministry of Finance has increased the customs duty on imported luxury goods, such as high-end motor vehicles, motorcycles, yachts and similar vehicles. For motor vehicles, the duty has been raised from 75 percent to 100 percent. On motorcycles with engine capacity of 800 cubic centimeters or more, the duty will...
  • Echo Global Logistics Names Reed CTO
    Echo Global Logistics has appointed Michael Reed, its interim chief technology officer, as the official CTO. He has served as interim CTO since April 2012. Reed began his tenure with the Chicago-based transportation and supply chain management company in 2007 as a lead application developer, and has held several positions since...
  • YRC Freight Buys Four LNG Trucks for Pilot Project
    YRC Freight has completed its agreement with Clean Energy Fuels to purchase four liquefied natural gas trucks that will serve the Port of Long Beach and other surrounding areas. The pilot project will leverage the Clean Energy fueling infrastructure in Southern California. The LNG trucks will be operated by YRC Freight...
  • Africa's Logistics Market Ballooning, Study Finds
    Logistics spending in Africa by manufacturers and retailers (both in-house and outsourced) is set to increase by almost $28.8 billion by 2016, as the size of the outsourced logistics market increases by 38.4 percent, according to an "Africa Logistics" report by Analytiqa. The study of eight markets across the region predicted...
  • ILWU: United Grain Lockout Is Unfair Labor Practice
    International Longshore and Warehouse Union Local 4 charged that Wednesday's lockout of its workers in Vancouver, Wash., by United Grain Corp. constitutes an unfair labor practice, and a union spokeswoman said the ILWU plans to file formal charges in the next few days. The company stated that it was locking out...
  • Port of Houston Authority's Commission Approves Budget
    The Port of Houston Authority's commission has approved the port's 2013 operating budget, which reflects increases in operating revenue, net income and cash flow. The budget forecasts a 3 percent rise in container traffic and a 10 percent increase in auto cargo in 2013. Accordingly, the port budgeted $225.6 million for...
  • Drewry Sees Average Rate Hikes of 4 Percent
    Though ocean freight rates have stabilized, importers and exporters should prepare for a "choppy ride" through the rest of this year, Drewry Supply Chain Advisors warned Thursday. Despite another year of excess capacity growth, Drewry expects global freight rates to rise through 2013, even though the majority of new ship deployments...
  • Baltimore Sets Cargo-Handling Record
    Maryland's Gov. Martin O'Malley reported that the Port of Baltimore's public and private marine terminals handled a record 36.8 million tons of cargo in 2012, valued at an all-time high of $54 million. The port's public terminals moved 6.29 million tons of container cargo in 2012, up 7 percent from the...
  • EU-Peru Trade Agreement Takes Effect March 1
    Trade barriers between the European Union and Peru will be lifted as of , when the EU's trade agreement with Peru and Colombia, signed in 2012, will be provisionally applied with Peru. The agreement will open up markets for EU and Peruvian exporters, which is expected to yield more...
  • Court Again Rules in Favor of Port Mackenzie Rail Extension
    Tthe 9th Circuit Court of Appeals has again denied environmental groups' request to block construction on the Port Mackenzie Rail Extension, a 32-mile rail link connecting the main line of the Alaska Railroad with Port Mackenzie in Alaska. The order was issued in San Francisco, denying an emergency appeal by Cook...
  • CMA CGM to Add Port of Charleston to Pacific Express 3 Service
    CMA CGM will add South Carolina's Port of Charleston to its Pacific Express 3 service, providing an additional connection for the region's shippers to ports across Asia. The French carrier has deployed 11 vessels of between 4,400 and 5,100 20-foot-equivalent units capacity in the weekly service. The first ship to call...
  • Port of Los Angeles Appoints Sidley General Counsel
    Janna Sidley, the Port of Los Angeles's new general counsel.The Port of Los Angeles has named Janna Sidley as general counsel, effective March 4. In her new role, she will supervise the City Attorney's port operations and serve as in-house counsel to port management and the Los Angeles Harbor Commission. She...
  • Ship Finance on Life Support
    The drip, drip of bad news from Germany's beleaguered shipping sector threatens to burst into a flood at any time. More than 150 of the single-vessel companies, mainly container carriers, that dominate the nation's shipping fleet, have gone belly-up in the past year. And with charter rates still heading south and...
  • EU to Help Fund $3.3 Million Swedish Infrastructure Project
    The European Union will co-finance more than €2.5 million (about US$3.3 million) from the TEN-T Programme to improve the maritime infrastructure in Lake Mälaren in Sweden to accommodate larger vessels. The project aims to increase the role of maritime transport in the area, foster intermodality and relieve congestion on road and...

Containerisation Internationalweb site
FEBRUARY 28, 2013
  • Brazilian ports await March reform
    After a six-hour protest strike by 30,000 Brazilian port workers on Friday - that left a backlog of an estimated 50 general and containerships to service - ports ...
  • G6 Alliance deny reports that it plans to speed up EUM service
    G6 Alliance member Hapag-Lloyd has moved to deny reports that the alliance has bucked the recent trend for slow steaming by speeding up one of its Asia-Mediterranean ...
  • Kaliningrad the 'crossroads' between Europe and Russia
    No more than 600km separates the Kaliningrad Sea Canal at Baltiysk, the westernmost point of the Russian Federation, from the capitals and ports of Poland, Germany, ...
  • PIL launches new Africa-Middle East Service
    Singapore-based Pacific International Lines will launch a new service covering the Africa-Middle East trade in March.The Africa Middle East 2 Service (AM2), which ...
  • SCCT back to normal for now
    The Suez Canal Container Terminal appears to have worked without restriction this week after a non-violent disobedience group shuttered the APM Terminals facility ...
  • OOCL announces eastbound transatlantic rate hike
    OOCL has unveiled plans to hike rates on the eastbound transatlantic trade, following the announcement in January of plans to increase rates in the westbound direction.The ...

TradeWindsweb site
FEBRUARY 28, 2013
  • Vitol storms US Gulf
    Vitol is getting ready to take a bigger bite out of the marine fuel market with the launch of a new operation that is targeting the US Gulf.
  • Cleartrade courts investors
    Cleartrade Exchange has invited outside investors to participate in a share offering aimed at raising the capital it needs to accelerate the pace of an international growth campaign.
  • Seadrill on the up
    Seadrill turned a profit in the fourth quarter but the results fell short of Wall Street forecasts.
  • Thanks, Partners
    Golar LNG Partners' fourth quarter report has revealed two developments which will aid its parent.
  • Latvian cuts losses
    Latvian Shipping Company (LSC) has reduced its annual loss as rates improved.
  • Trafigura eyes LNG
    Sale-and-purchase brokers were reeling Thursday following reports that Trafigura is on the lookout for LNG carriers.
  • Scorpio still hungry
    The latest batch of orders for six products carriers from Scorpio Tankers is unlikely to sate the company's appetite for expansion.
  • Merle still stuck
    A Turkish cargoship aground on a Portuguese beach for more than a month has not been abandoned by its owner.
  • Fiori in order tease
    D'Amico International Shipping will soon place its fourth newbuilding order since the summer of 2012, its CEO hints.
  • "No decision" on move
    No decision has been made as regards moving the management companies of John Fredriksen's shipping activities from Norway.
  • Courage in the red
    A fourth quarter and full year loss is reported by Hong Kong based bulk carrier owner Courage Marine.
  • Grimaldi steps in
    Italy's Grimaldi Group is backing a new share issue to boost ro-ro operation Finnlines.
  • DIS cracks red run
    D'Amico International Shipping has snapped a four-year losing streak to return to the black in the fourth quarter.
  • Antigone towed away
    A general cargoship caught up in a wages row has ended its 11-month stay in a French port.
  • Alaska reprieve for OSG
    OSG and BP have struck a deal which means its Alaska Tanker venture will not be scrapped just yet.
  • Rem banks $61m
    Norway's Rem Offshore has completed a bond issue worth NOK 350m ($61.26m) that it announced only yesterday.
  • Less tonic for JIN bosses
    Jinhui Shipping & Transportation returned to the black in the fourth quarter amid signs of austerity at the bulker owner.
  • Wilson back in the red
    A tough fourth quarter that accounted for most of the bottom line loss incurred through the year is reported by Bergen based Wilson ASA.
  • Hindu hitch for India?
    India is pressing ahead with controversial plans to build a deep water shipping lane to Sri Lanka straight through the Adam's Bridge coral chain, regarded as sacred by Hindus.
  • A first for Cargill
    Cargill has used a first electronic bill of lading (eB/L) for a dry bulk grain shipment in a move that is expected to see the commodity trading group expand its use to various agricultural trades around the Atlantic Basin.
  • Seacor slips into the red
    Lower than expected revenue and asset sales led Seacor to a loss in the fourth quarter.
  • Alberni up for sale
    Canada's Nanaimo Shipyard is looking to sell its Alberni Engineering unit as part of its efforts to avoid bankruptcy.
  • DOF turns it on
    Norwegian offshore group DOF has bounced back into profit as revenue rose in 2012.
  • Spot bothers Siem
    A weak spot market has dented fourth quarter returns at Siem Offshore.
  • JSA joins canal row
    The Japanese Shipowners' Association (JSA) has added its voice to protests over the planned Suez Canal toll hikes.
  • PB remains in red
    Losses on its ill-timed ro-ro investment continue to plague Pacific Basin Shipping's balance sheet.
  • DFDS declines
    Danish ro-ro group DFDS has posted a lower 2012 profit as its markets were hit by recessions in Europe.
  • Pac Basin's buying blitz
    Pacific Basin Shipping has been quietly blazing an acquisition trail over the past five months, the owner revealed this morning.
  • Nexus heads for exit
    Nexus Floating Production looks set to be liquidated after an FPSO newbuilding in South Korea was cancelled.
  • Korea's cash plea
    The Korea Chamber of Commerce & Industry (KCCI) has pleaded with the government to boost financial support for shipyards in the slump.
  • Collision kills crewman
    One man has been killed in a clash between two cargoships off China.
  • Ezion at it again
    Ezion Holdings good fortune seems to show no sign of stopping after the company picked up its second contract in as many weeks.
  • Profits build at PACD
    Pacific Drilling has seen profits increase by over 40% on a year ago as its drillship newbuildings enter operation.
  • Aegean profits halved
    Aegean Marine Petroleum has seen fourth quarter profits drop by almost 50% on a slight fall in revenues.
  • Scorpio set to order
    Scorpio Tankers is not waiting long to start using its new $300m of financial firepower.
  • Keppel wins jack-up deal
    Keppel has won an order for a jack-up drilling rig in a deal that takes its recent contract haul to almost $500m.

American Shipperweb site
FEBRUARY 28, 2013
  • ILA, USMX allow more time to reach local agreements
    The extended deadline will coincide with the wage scale meetings planned by the union for the week of March 11 where union delegates will consider a tentative six-year master contract agreement reached by USMX and the ILA on Feb. 1.
  • XPO acquires Covered Logistics
    "Don't count on us doing one every two weeks," Chief Executive Officer Brad Jacobs told American Shipper in an interview. "We'll do at least three more acquisitions this year. We're looking at acquisitions of all different sizes."
  • Maersk drops U.S. West Coast Oceania string
    The carrier said it "remains committed to serving the trade. We will replace the 'PSW' service with use of our existing reliable Pacific network, connecting with Oceania through our transshipment hubs in Asia."
  • ATA says FMCSA costing industry $320 million
    According to the American Trucking Associations, it will cost $320 million to prepare the industry for the impending hours of service rule change, and if a current court challenge is upheld, that money will be spent in vain.
  • Revenue up, volume down at IAG Cargo
  • Full-steam ahead at Norbert Dentressangle
  • Sequester update: Impacts on CBP and DOT
  • First rock removal work on Mississippi River finished
  • Executive moves

The Bunker Bulletinweb site
FEBRUARY 28, 2013
  • Petrobras bunker department undergoes reshuffle
    Company announces a number of internal changes.
  • CIMC to adopt fast oil recovery system
    CIMC will equip six of its container ships with fast oil recovery systems.
  • Hong Kong considering lower voluntary sulphur limits
    Comments being sought on plans to tighten 'at berth' sulphur limit to 0.1%.
  • Chemoil's Helios sale boosts results
    Singapore-listed bunker company sees annual profits jump.
  • MGO prices unchanged for second day in Fujairah
    Tight avails reported in Fujairah.
  • Prices in Europe fall for third consecutive day
    Bunkering interrupted at Gibraltar.
  • Shipping fund denies breaking sanctions
    Ship-to-ship transfer claimed to be used as loading method.
  • Vitol-backed supplier enters US market
    Newly formed V-Marine Fuels to start operations in Houston, Texas City and Galveston.
  • Gibraltar: Bunkering interrupted
    Bad weather causes queues to lengthen at bunkering port.
  • Fuel oil stocks at 12-week high
    Arbitrage into East Asia expected to remain high.
  • Norwegian shipowner orders LNG-fuelled fish feed transporters
    The vessels will have an advanced LNG-gas-electric propulsion system which promises fuel savings.
  • Smaller stems allow ship operators to 'max out on cargo'
    Firmer freight rates could be boosting Panama's bunker sales.
  • Grindrod 2012 profits up 54% year-on-year
    Firm achieved a 35% increase in earnings for its marine fuels business.
  • Bunker prices in Asia soften
    Singapore's price of benchmark 380 cSt bunker fuel dropped $6 to average at $633 pmt.
  • Brightoil 'to restart' Houston operations
    Bunker player is looking to expand in 2013.
  • Crew arrested in Malaysia for allegedly smuggling bunkers
    Ship was stopped following report of theft of 70,000 mt of fuel.
  • Two more charged in Malta corruption case
    Former financial controller and ex-oil procurement committee member of Enemalta deny charges.
  • Seacor falls to loss in Q4
    Firm's operating results for harbour towing and bunkering were $4 million higher in Q4 2012, it says.
  • Brightoil sinks into the red
    But company aims to expand into 'top tier bunker ports' in 2011.
  • Bourbon receives third fuel efficient vessel
    Its seven diesel-electric generators provide intelligent and improved energy management.

›››File
FROM THE HOME PAGE
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
Sana'a/Hamburg
German shipowners warn that the possibility of returning to the Suez route is further removed
New attacks on ships in the Strait of Hormuz
Southampton/Tehran
IRGC Navy strikes US naval drone
Port of Long Beach reports record container traffic for August
Long Beach
In the first eight months of 2026, volumes grew by +1.3%
WSC reports that containers full of lithium batteries can be shipped without being identified as dangerous goods
Washington
Kramek: People, ports, ships and the marine environment at risk
T&E, the EU Commission's proposed revision of the ETS for shipping is a hesitant step forward.
Brussels
If the system is extended to small naval units - the association highlights - however, exemptions and derogations risk nullifying its climate impact.
Transalpine rail freight traffic still under pressure despite economic recovery
Transalpine rail freight traffic still under pressure despite economic recovery
Bern
The road runs faster than the rail
Artificial intelligence drives global trade, despite Middle East and tariffs
Artificial intelligence drives global trade, despite Middle East and tariffs
Geneva
The WTO's barometer is rising. Demand for semiconductors and electronic components is offsetting geopolitical tensions.
Green light for €1.35 billion in investment in the port of Bremerhaven.
Bremen
It is the largest amount of funding the federal government has ever allocated to a project in the state.
APM Terminals Signs Agreement to Develop Nigeria's Badagry Port
Copenhagen
Four kilometers of docks with a draft of -18 meters would be built
Renaissance Partners has signed a binding agreement to acquire De Wave Group.
Genoa/Milan
The Genoese company will be sold by the American company Platinum Equity
Decarbonizing shipping: a €36 billion challenge and a €45 billion opportunity for Italy
Cernobbio
Without investments in ports, Italy risks losing 80 billion euros in added value by 2050.
Canadian unions want BC Ferries to build new ferries in British Columbia
Delta
The company's latest order was to Chinese company CMI Weihai
Filt, Fit, and Uilt should withdraw the amendment that puts port businesses and cooperatives at risk under Article 17.
Rome
The unions fear the progressive replacement of a structural function of the port with precarious forms of work
Norwegian Nor Cruises signs MoU with China's SWS for 2+3 new cruise ships
Shanghai
The units would have a gross tonnage of 84,000 tons
In July, ship traffic in the Suez Canal increased by +27%
Cairo
In the first seven months of this year, maritime traffic was 8,244 ships (+15.9%)
Tomorrow Kombiverkehr will launch an intermodal connection between Regensburg and the Interporto Quadrante Europa
IMO, the Net-Zero Framework remains stalemate: agreement on carbon pricing is still lacking.
London
38 states voted in favor and 17 against. Formal adoption postponed until December.
Brussels launches the Maritime Industrial Alliance
Brussels
The EMA, the new EU instrument to coordinate industry, member states, and investors in the maritime sector, is born.
The safety and sustainability of ship recycling operations must also be guaranteed in the downstream work phases of the supply chain
Geneva
This is underlined by the representatives of the unions belonging to IndustriALL Global Union
Study to create a maritime corridor between the UK and the US using nuclear-powered container ships
London
Two Filipino sailors killed from ship attacked Monday in the Strait of Hormuz
Riyadh
Bahri VLCC Sidr hit
Shipowners' associations welcome proposal to include two Indian shipyards in EU list of ship recycling facilities
Brussels
BIMCO, ECSA, ICS, Intercargo, Intertanko and WSC consider this an important step towards addressing the structural capacity shortage in the European list
In Panama, the provision that protected the confidentiality of port concession contracts has been repealed
Balboa
The Panama Maritime Authority has accepted the request for transparency made by President José Raúl Mulino.
Fincantieri and TKMS sign agreement to strengthen collaboration in the underwater segment.
Trieste/Kiel
The agreement does not provide for mergers or acquisitions
Philippine terminal operator ICTSI to acquire African port operator TLG
Manila
The company operates in Mozambique, Namibia and South Africa
EU ship recycling facilities are operating well below capacity as European vessels continue to be dismantled in Asia
Brussels
This is reported by a study by Shipbreaking Platform and Transport & Environment
In the second quarter, cargo traffic in the Moroccan port of Tangier Med reached a new record
Anjra
Growth of +6% recorded in the first six months of 2026
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Hong Kong
The Chinese group has ordered 12 new 22,000 TEU container ships and six 3,200 TEU ones.
G20 trade accelerates in second quarter
Paris
Imports of goods and trade in services are driving growth, while exports are maintaining a strong pace
La Spezia Container Terminal invests €90 million in port equipment for the new Ravano Terminal.
La Spezia
OOIL's half-year results are weighed down by the negative performance of the first quarter
Hong Kong
The January-June period closed with a net profit of 729.3 million dollars (-23.6%)
Port of Livorno: The Regional Administrative Court (TAR) has annulled the extension of the coastal landscape restriction to the port and hinterland areas.
Florence/Livorno
SBB CFF FFS Cargo returned to profit in the first half of the year
Bern
The Swiss group's trains transported over six million passengers (+1.3%)
White House denounces practice of "illegal" port transshipment to evade U.S. tariffs
Washington
IMO urges naval missions to counter rising piracy in the Gulf of Aden
London/Riyadh/Southampton
The very large crude carrier "Amzan" of the Saudi company Bahri was attacked in the Red Sea.
CMA CGM and Red Sea Gateway Terminal finalize agreement for Terminal 4 at Jeddah Port
Paris
The planned investment amounts to approximately 434 million dollars
The slowdown in the Chinese economy is reflected in port traffic
The slowdown in the Chinese economy is reflected in port traffic
Beijing
In July, overall traffic decreased by -3.4%, with a contraction that no longer only concerns domestic trade, but is also starting to affect goods with foreign countries.
In the second quarter, freight traffic in the port of Bremen/Bremerhaven grew by +6.0%
Bremen
In the first six months of 2026 the increase was +5.9%
Fincantieri and Viking convert options into orders for two new cruise ships
Trieste
A ship was boarded by pirates in the Gulf of Aden
Southampton
The unit was forced to head towards Somalia
CK Hutchison initiates international arbitration proceedings against the Republic of Panama
Hong Kong
The action follows a similar one by its subsidiary PPC. The lawsuit seeks damages of $2 billion and over $1.5 billion.
Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II
Hamburg
The Maersk Group company will retain operational control of the Dutch terminal
The German company Hapag-Lloyd has signed an agreement with APM Terminals, the terminal operator of the AP Møller-Mærsk shipping group, for
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
In July, freight traffic in the port of Ravenna grew by +6.7%
Ravenna
A sharp decline of -21.2% is expected for August
Giulio Stoppa is the new general secretary of Trasportounito
Rome
A choice of continuity that at the same time marks the beginning of a new phase
The launching ceremony of Viking Astrea took place at the Fincantieri shipyard in Ancona
Ancona/Los Angeles
Viking's Board has authorized a share buyback program of up to $1 billion.
Meyer Werft begins construction of the Carnival Tropicale cruise ship
Papenburg
With a gross tonnage of 180,000 tons, it will be able to accommodate over 6,000 passengers.
VTG sells its UK subsidiary VTG Rail UK to pension fund USS
Hamburg
The company operates in the railway freight wagon leasing sector.
The Genoa Coast Guard reaches its 100th Port State Control inspection of 2026.
Genoa
More than 250 deficiencies have been detected so far
ABB and Oceanly collaborate to integrate and optimize ship performance and operations
Genoa
Strategic agreement between Federlogistica and the Port of Xiamen
Genoa
Feasibility study for a maritime connection between the Chinese port and Genoa
Container traffic at the Port of Los Angeles remained stable in August
Los Angeles
The increase in empty garages has offset the decrease in full ones
Gulftainer to acquire stake in Thailand's Suksawat Terminal
Sharjah/Bangkok
It is located on the Chao Phraya River, in Bangkok
Robo.ai establishes a company specializing in maritime and submarine security
Abu Dhabi
Al-Mansory: We will produce locally and provide solutions for markets around the world
Kombiverkehr has taken full control of Spanish company Combiberia
Frankfurt am Main
The shares were acquired from the other 20 members
US forces hit five Iranian oil tankers
Tampa
Attacks in the Gulf of Oman and near Kharg Island
Conditions met for the acquisition of AD Ports by Abu Dhabi's sovereign wealth fund
Abu Dhabi
Construction of the above-ground section of Genoa's new breakwater has begun.
Milan
Construction of the wave barrier is underway
For the first time, a woman leads the Panama Canal Authority.
Balboa
Engineer Ilya Espino de Marotta's term will expire in 2033.
Blu Navy has acquired a stake in Banca dell'Elba
Portoferraio
Schenone: We are a group united by the desire to contribute to the economic and social development of the island.
HMM signs a contract worth approximately $3.5 billion with Vale
Seoul
It involves the maritime transport of iron ore on behalf of the Brazilian company
Kongsberg Maritime signs deal to buy Finland's Steerprop
Oslo
The Rauma-based company designs and manufactures marine propulsion systems
New drug seizure in the port of Livorno
Livorno
53 kilograms of pure cocaine in a container from Peru
In the first three months of 2026, freight traffic in Belgian ports fell by -4.0%
Brussels
Landings and embarkations decreased by -2.0% and -6.4% respectively
A series of meetings on the new Port System Master Plan for the ports of Genoa and Savona-Vado has begun.
Genoa
The new concession agreement with Amico & Co Spa has been finalized.
Port of Ravenna: Extraordinary maintenance of the "truck-accessible" section of Via Baiona has been approved.
Ravenna
MacGregor will celebrate the 65th anniversary of its Italian branch in Genoa
Genoa
The company is based in the Naval Repair area of the port of Genoa
Anemoi wind propulsion system to be installed on a Maersk container ship
London
The aim is to increase the ship's energy efficiency and reduce its emissions.
The selection process for the new Secretary General of the Central-Northern Adriatic Sea Port Authority has begun.
Ravenna
Expressions of interest to be submitted by September 21st
MacGregor opens a new technical assistance center in Trieste
Stockholm
The main focus will be the European area, including the specialized megayacht sector.
Tanker hit by three shells in the Strait of Hormuz
Southampton
An accident also in the Indian Ocean
Floriana Gallucci is the new secretary general of the Ionian Sea Port Authority.
Taranto
The Management Committee of the institution has approved the appointment
Crew of ferry that sank in Northern Cyprus arrested
Nicosia
Eight people died in the accident. 17 other passengers are missing.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Singamas's profit halved in the first half of 2026
Hong Kong
The Chinese company is focusing on energy containers. During the period, sales of specialized containers exceeded those of standard boxes for the first time.
CIMC sells more containers, but profits plummet
Hong Kong
Half-year profit in this business segment fell by -81.2%
In the first half of this year, China
COSCO Shipping Ports reports record quarterly and half-year revenues
Hong Kong
Net income for the first six months of 2026 was $276.6 million (+23.2%)
In the first six months of 2026, CMPort's revenues grew by +13%
Hong Kong
Net profit up 7.4%
Meyer Werft revenues to grow by 107% in 2025
Papenburg
The financial year ended with a net loss of -383.8 million euros
Messina will launch the new West Med Line scheduled service in September
Genoa
It will bring together existing services for Algeria and Libya
The launch of the luxury cruise ship Oceania Sonata was celebrated in Marghera
Trieste
The unit is scheduled for delivery in 2027.
Tarros will include the port of Salerno in its Italy-Libya Express service.
La Spezia
The vessel "Vento di Zefiro" will be placed on the route
MPCC reports declining quarterly results as part of fleet renewal plan
Oslo
Kuehne+Nagel's honorary president has died.
Schindellegi
Klaus-Michael Kühne had joined the family business in 1958
A shipment of 65 kilograms of cocaine was seized in the port of Livorno.
Livorno
It would have brought in around 20 million euros to the criminals
In July, Spanish ports handled 47.7 million tonnes of goods (-1.8%)
Madrid
Containers amounted to 1,581,071 teu (-5.6%)
Join us at the Communion and Liberation Meeting in Rimini
Rome
Participation in the exhibition area of the Ministry of Infrastructure and Transport
Port of Ravenna: Executive project for redevelopment of the "Ex Carni" area begins
Ravenna
The aim is to give full functionality to a new logistics and industrial sector in the port area
Container traffic in the port of Algeciras decreased by 11.4% in July.
Algeciras
In the first seven months of 2026 the decline was -3.3%
Hupac will strengthen its intermodal service between Basel and Busto Arsizio.
Noise
An eighth weekly rotation will be introduced from September 7th
Sallaum creates a company for land logistics of cars in Europe
Vilnius
It will initially be equipped with 50 car transporters and the fleet will reach 300 vehicles by 2029
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
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
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
HD Hyundai Heavy Industries Ends Joint Venture Plan for Block Factory with India's Cochin Shipyard
(Maeil Business Newspaper)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
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