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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:56 GMT+1
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BRIEFS
April 1, 2016
Sched Netweb site
  • G6 Alliance voids sailings in Loop 6 due to changes in market demand
  • Shanghai Port Group profit falls 3pc, but throughput up 3.5pc in 2015
  • Troubled Hyundai Merchant Marine edges from brink, reports improvement
  • China Cosco profit fell 22pc to US$43.8 million, subsidy saves it from loss
  • CSCL ends independent life with 97.5pc plunge into US$448.5 million loss
  • Factories to shutdown for Hangzhou G20 summit to cut air pollution
  • Hutchison Port Holdings stock on 'hold' rating by OCBC Investment Research
  • Long delayed Pyrenees-Calais piggyback truck-train finally gets underway
  • Made in China only 4pc cheaper than made in US: Oxford Economics report
  • Mumbai needs no cabotage relaxation as transshipments mean so little
  • Low oil prices cut US, Mexico, Canada trade value 7.7pc to US$82.4 billion
  • JAXPORT seeks bids for cargo sales and business contracts
  • Wilhelmsen Ships Service launches lifejacket suited to offshore service
  • Two mega ships run aground days apart, but refloated without incident
  • Analysts expect strong showing from Matson on Alaska trade gains
  • Brazil rejects UPS appeal, FedEx-TNT merger deal is good to go
  • Kenya cancels US$653 million replacement terminal at Nairobi airport
  • Air cargo rates fall for fourth consecutive month in February: Drewry
  • IAG Cargo extends reach to South Africa, boosting fresh fruit load
  • 'Aeroshell' wins US patent for lifting heavier payloads than zeppelins

Exim Indiaweb site
MARCH 31, 2016
  • CKYHE reaffirm their presence at Le Havre
  • InterManager places human element at the top in shipping
  • MOL to implement business structural reforms in dry bulker & containership businesses
  • PIL extends Red Sea Gulf Service to Nhava Sheva
  • Russian market set to open up for Indian dairy products
  • Govt taking steps to make shipping industry attractive & more competitive
  • JN Port registers 4.47 m TEUs in 2015-16
  • Kandla Port creates history by becoming first Major Port to cross 100 mt in throughput
  • DICT a boon for industries in Himachal Pradesh
  • Adani Group forays into defence
  • FinMin clarifies excise duty on gold in Budget
  • Oceans, caught between the devil & the deep blue sea... - Part IV

International Transport Journalweb site
  • Ticks overtaking Brics
  • Shuttle for urban logistics in Paris
  • Air Mauritius stepping up Madagascar frequency
  • East World Express connects Europe and Asia
  • Veteran to manage Twin Cities' airports
  • VICT supporting local communities again
  • Air China to serve Dubai from Chongqing
  • Schuon gearing up for digital era
  • CKYHE members stick to Le Havre
  • Another former Menlo man finds new job
  • Delta adds capacity between Atlanta and Lima
  • Russia: freight turnover heading for 2.6 trillion tkm
  • Codognotto offering express clearance service
  • Dalibard replacing Sita's Violante
  • Almost 3 million shipments delivered in Europe
  • Nordana now represented in China
  • Air Canada Cargo eases rate structure
  • Zufall extending geographic presence

IHS Maritimeweb site
MARCH 31, 2016
  • Norwegian shipowners expect second year of falling turnover
  • Dredging beneath the radar
  • Cold stacking a better option than scrapping, jack-up rig owners told
  • New dredgers - class of 2016
  • News from the Dredging associations: Almost WODCON!; WEDA's Pacific Chapter meeting; IADC's Safety Award
  • Freight forwarders maintain margins despite rate slump
  • Shipbuilder DSME to go 'all out' to deliver outstanding orders
  • MOL and 'K' Line tweak dry bulk operations in Singapore
  • Salvors tackle toxic cargo on Taiwan wreck
  • Hyundai Engineering-MHI JV wins Kuwait LNG terminal job
  • China's merging state-owned carriers post poor 2015 results
  • Mermaid Maritime bags ROV contract
  • Mercator Lines sells bulker number nine, this one for USD2.93 million

The Loadstarweb site
MARCH 31, 2016
  • National Air Cargo claims United Airlines was offered $145m military contract unlawfully
  • MSC links up with INTTRA to help shippers comply with new container weight verification rules
  • Slow-steaming still cheaper for container shipping carriers, despite record low bunker prices
  • XPO signs up for 'breakthrough' rail-road Paris city logistics project
  • 4PLs: collaboration among logistics service providers creating more value for shippers
  • Trump declares war on the American supply chain
  • Logistics partner's failure to compensate workers costs Amazon $80,000

Marine Logweb site
MARCH 31, 2016
  • New call for Canada to rethink icebreaker building plans
  • Marcon brokers sale of 1980-built Foss tug
  • VIDEO: DARPA unveils sub-hunting super drone
  • Rolls-Royce to design and equip stern trawler
  • Fincantieri books $478 million cruise ship order
  • Ship manager adds lay-up and recycling services
  • Ingalls awarded funding for DDG 123 construction

World Wide Shipperweb site
MARCH 31, 2016
  • AAPA announces two winners for 'Port Person of the Year' honor
  • Coast Guard rescues surfer near Grays Harbor North Jetty
  • CMA CGM subsidiary company overseas transport of CALYPSO
  • US inks MOU with Cuba to boost maritime safety
  • Orion Marine awarded contract to build cofferdam around battleship

Lloyd's Listweb site
MARCH 31, 2016
  • 2M lines to start direct Asia-US Gulf link
    New MSC-Maersk loop will transit Panama Canal but use existing panamax class ships for now
  • Institute clauses contain pitfalls, Association of Average Adjusters warns
    'All risks' policies may not cover all risks, industry audience is told
  • Dynagas Partners inks long-term deals for two LNG carriers
    Tony Lauritzen-led owner doubles its revenue backlog, settling distribution 'concerns'
  • Empros Lines joins V.Ships in new bulker management unit
    Greece-based joint venture builds on Costamare model and starts with six vessels
  • GasLog takes first of eight 174,000 cu m newbuildings
    Samsung-built 'GasLog Greece' is among seven in the series that have long-term employment with Shell
  • Compressed peak seasons for US container shipping
    Strong cargo surge that does not last as long as in former years
  • China Merchants Holdings posts 6% growth in net profits
    Robust growth in overseas ports underpins volumes and earnings
  • China Oilfield Services hit by downturn and impairments
    Revenue declined mainly on lower contributions from drilling services segment
  • MOL to cut capesize bulker fleet by 10% and sell boxships
    Mitsui OSK Lines expects $1.6bn extraordinary loss from structural reforms, slightly less than previous forecast
  • Carnival Corp income jumps on healthy cruise demand
    Lower fuel expenses also contribute to earnings
  • Shipping rates for gas to remain low through 2016
    LNG projects to come online in Australia are expected to increase downward pressure on rates
  • Product tanker trade lacklustre after Easter holidays
    Market lacking activity except for MR trades in Atlantic basin
  • APM Terminals to build new 5m teu terminal in Tangier
    Focus on transhipment at Africa's first automated facility
  • China Shipping Container Lines posts net loss for 2015
    Results knocked by vessel writedowns and depressed freight rates in container shipping market
  • Mermaid Maritime unit awarded subsea services contract in Gulf of Thailand
    Two-year contract is worth around $10m and comes with a one-year extension option
  • Mercator sells another bulker to generate cash
    Bankrupt bulker owner disposes of a further vessel for $2.9m
  • Eagle Bulk in full restructuring mode
    New $60m loan facility leaves current shareholders with just 10% of recapitalised company
  • Why dry bulk vessel values are not what they seem
    Overstated accounting values threaten accuracy of dry cargo firms' financial statements

The Journal of Commerceweb site
MARCH 31, 2016
  • No major issues on first day of US Customs ACE rollout
  • Europe freight forwarders stand tall in daunting market
  • Maersk, MSC add all-water service to Houston, Mobile
  • Cosco, CSCL earnings illustrate need for merger
  • Collaboration held key to successful handling of mega-ships
  • Suez Canal offers steep discount, kind of
  • Russia's Bronka port starts price war for Baltic dominance
  • Highway permit denied, trucking company moves reactors over Lakes
  • G6 cancels more Asia-Europe sailings
  • Idle box ship fleet retreats from all-time high
  • APM Terminals to operate Africa's first automated terminal in Tangier

TradeWindsweb site
MARCH 31, 2016
  • Fincantieri bags record orders, posts 2015 loss
    Italian shipbuilder loses EUR 289m during year but logs EUR 10.1bn in new contracts.
  • Eagle Bulk's quarterly operating loss grows
    But without costs of 2014 restructuring, bottom line looks better for bulker owner.
  • Eagle Bulk shares sink over dilution concerns
    Stock price plunges 50% as restructuring deal to see swathe of new shares issued to participating investors.
  • China Cosco confirms Valemax set at SWS
    Series of 10 giant bulkers placed at leading China State Shipbuilding yard.
  • Zodiac linked to Mizuho capesize
    Brokers believe Eyal Ofer-backed owner could soon add to its capesize fleet.
  • Grounded Greek supramax refloated
    Navigation on the Parana River is now re-established as EastMed's bulker freed.
  • Clarksons pay stays flat as profit climbs
    Top executives see renumeration remain stable despite jump in underlying earnings in 2015.
  • Dynagas strikes duo of time charter deals
    LNG carrier owner locks two vessels under long-term agreements but steps back from increased dividend.
  • Norwegian inks $481m luxury cruiseship deal
    Fincantieri to build 738-berth sistership to Seven Seas Explorer with delivery slated for 2020.
  • Chang Myung scraps capesize in $6.4m sale
    South Korean owner sends one of its veteran bulkers for scrap.
  • Suez Canal launches 30% toll discount
    Waterway's authority reduces its tariff after companies started avoiding Egypt to save costs.
  • Tanker blast kills two in Germany
    Explosion on motor tanker claims the lives of two workers aboard a motor tanker at Duisburg's yard.
  • APM Terminals expands Moroccan facility
    AP Moller-Maersk division in $861.5m investment at the Tanger Port.
  • MOL warns of losses from restructuring
    Japanese giant outlines restructuring plan which will see its Singaporean business transferred to Tokyo.
  • GC Rieber finds new non-oil customer
    Oslo-listed company signs eight-month deal with Nexans Norway for trenching and cable laying work.
  • Sales talk surrounds Teekay suezmax pair
    Rumours linking NAT with two tanker purchase thought to be unfounded.
  • Fake bomb warning on Attica-owned ferry
    Nothing suspicious found on Greek passengership moored at Piraeus after anonymous phone call.
  • Wintermar Offshore breaches multiple loan covenants
    Loans affected amount to 73% of its total bank debt of $120m and 24 vessels used as security.
  • Former Hawaii Superferry set for US-Canada route
    High-speed ferry set for new life re-connecting Yarmouth-Portland after seven-year absence.
  • Mercator Lines close to further asset disposal
    Shipowner enters into a memorandum of agreement for the sale of one of its panamax bulkers.
  • GoldenTree wins perch on Eagle Bulk board
    Steven Tananbaum's hedge fund comes out of recapitalisation agreement with director position.
  • Mermaid Maritime ties up second small offshore deal
    Thai offshore vessel operator awarded a subsea ROV services contract in the Gulf of Thailand.
  • At long last, Eagle Bulk strikes deal on debt
    New York-listed bulker owner to receive $105m in new liquidity as part of comprehensive recapitalisation.

American Shipperweb site
MARCH 31, 2016
  • NEWS FLASH: 2M Alliance to launch new Asia-USEC service
  • Echo expands footprint in Chicago
  • FAA projects air cargo to grow 4.5% in 2016
  • Asian airlines post decline in February freight volumes
  • Oakland terminal shutdown first test of new arbitration system
  • OOIDA sues to block federal truck safety rule
  • Judge puts plan for BNSF railyard in Los Angeles on hold
  • K.C. logistics park adds spec warehouses

The Bunker Bulletinweb site
MARCH 31, 2016
  • France's Bourbon acquires 3 gas transportation companies from Jaccar
    Buys leader in ethane transportation with greater than 50% market share.
  • Chinese trader PetroChina takes on fuel oil storage tanks at Port Klang
    Port has container activity growth potential.
  • Fujairah trading firm FNSA Fuel expands trading operations
    Moves to bigger office in Akron Building.
  • Singapore Q2 ex-wharf 380 CST bunker fuel term inked at $0.5-$1/mt premiums
    Tight availability in December, H1 Jan pushed up term premium for Q1.
  • US DATA: EIA says fuel oil stocks up slightly; imports, production down
    Domestic fuel oil stocks ended the week at 46.013 million barrels, a build of just 36,000 barrels from the previous reporting period.
  • Crude futures inch higher after EIA reports build in US crude stocks
    US commercial crude oil stocks increased 2.299 million barrels to 534.834 million barrels in the week that ended March 25.

›››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%)
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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