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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:50 GMT+1
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BRIEFS
August 1, 2016
Sched Netweb site
  • A-E rate rises 58pc to US$1,125/TEU, up 51pc to Med, 2pc to USWC
  • Panama Canal lock lane to close 3 days, another for 12 hours
  • APL to launch Felixstowe Express Service for Asia-Europe trade
  • Antwerp H1 up 4.4pc to 5,047,468 TEU as mega ship calls rise 66pc
  • Throughput at Incheon surges 8.8pc to 1.24 million TEU
  • US recycled metal exporter sees profit, sales in coming Q3
  • ClassNK calls for tougher steel plate rules in ship building
  • Q2 cargo theft down 15pc, but value of stolen goods up 3.3pc: CargoNet
  • New rule proposed to allow shippers to switch US railways
  • India issues strong China trade advisory but only to select trading bodies
  • New CMA CGM service to Thailand, Singapore, Colombo, USEC, Canada
  • Singapore Airlines Cargo Q1 losses widen fourfold to US$25.1 million
  • Air Canada profit down 37pc to US$142 million as revenue rises 1.3pc
  • Airbus faces US$1.5 billion in make goods from glitches and delays
  • Air France-KLM says recent terror spree is hurting business

Exim Indiaweb site
JULY 31, 2016
  • AWS celebrating 2nd anniversary of Indian operations
  • Bullish long-term outlook for LNG shipping seen
  • CMA CGM launches BENGAL BAY EXPRESS
  • Expert cautions on fraud issues faced by Customs brokers
  • Fortune Sea Carriers successfully completes 11 years of operations
  • Pan Lloyd Logistics appoints Seatech Shipping as representative in Delhi, Chennai & Baroda
  • Rajiv Agarwall elected Chairman & Vivek Choudhary Vice-Chairman of CFBA for 2016-17 at 78th AGM
  • Anti-dumping duty imposed on PTA imports from 5 countries
  • Govt focused on investing in ports & highways
  • Major Ports receive more coal in Q1
  • Nepalese trade wants use of Visakhapatnam Port to be expedited
  • Port of Antwerp & Iran's Bandar Abbas port sign collaboration agreement
  • Road corridor connecting JNPT to be upgraded to Expressway
  • Status of Sagarmala programme spelt out
  • Pranai Prabhakar takes charge as CGM of CONCOR North West Region
  • Govt reaffirms measures to boost exports
  • Gujarat has more PPP infra projects operational than any other state

IHS Maritimeweb site
JULY 29, 2016
  • Seoul searching - South Korea weighs up its shipbuilding future
  • Pacific Basin slumps to USD49 million first half loss as rates bottom out
  • Maersk Line plays down talk of acquiring HMM
  • LNG market needs more ships to meet future demand
  • More than 38,000 litres of oil spilled from Ocean Tango
  • Samsung HI narrows 2Q loss to USD164.6 million
  • Container lines on Asia-Europe enjoy another mid-summer rate bounce
  • Kaohsiung port plans spelled out as Taiwan targets mega ships
  • Hunt for ship alleged to have cause oil spill on the Reef ends
  • Japanese carriers report sharp drop in first half revenue, profit
  • Fallout from Swiber's liquidation hits peers, DBS Bank
  • Chinese miners want anti-dumping probe into imported iron ore
  • Crude crisis in Nigeria: Shipping security threat remains high
  • Crude crisis in Nigeria: Assessing the tanker sector fallout
  • Few surprises in avalanche of earnings reports

The Loadstarweb site
JULY 29, 2016
  • Peak season brings some welcome shipping rate respite to beleaguered carriers
  • 21 Air, a new US cargo-carrier, set for take-off with 767Fs
  • Analysis: do shareholders play second fiddle to customers for CH Robinson?
  • Haulage operators steer a path to attract Iran's growing import and export traffic
  • IAG Cargo charts a smoother passage with focus on premium products
  • Video: how logistics is catching up with passenger booking technology

Marine Logweb site
JULY 29, 2016
  • MV Werften signs design contract for giant cruise ship
  • ANZAC frigates to be fitted with Chloropac systems
  • USCG issues Safety Alert on container handling
  • MHI Ship Repair wins $14.1 million Navy contract
  • DOF Subsea wins Prelude FLNG IMR contract
  • Mystery buyer orders three mystery ships at Vard

World Wide Shipperweb site
JULY 29, 2016
  • Coast Guard taking part in Seattle Seafair Festival
  • WSF Assistant Secretary sets San Juan Islands meetings
  • Alaska Airlines Foundation adding midyear grant program
  • Vancouver Port Commissioners vote to begin national CEO search
  • NYK car carrier ORION LEADER rescues sailor from sailing yacht

Lloyd's Listweb site
JULY 29, 2016
  • Venezuela cocaine ship seizure judgment due
    UK Court of Appeal set to rule on B Atlantic
  • Boxships and LPG tankers dominate expanded Panama Canal use in first month
    No crude, product or dry bulk carriers have passed through the third set of locks
  • Ports America and Port Tampa extend partnership
    Ports America will continue to provide stevedoring services for Tampa Bay container terminal until 2046.
  • British ports in talks with DfT over Brexit headaches
    Keep border controls simple, industry urges
  • Capital Product Partners meets second quarter forecasts
    Partnership sees tanker market fundamentals as 'solid' despite rates dip
  • Extended Samarco iron ore outage may hurt capesizes
    Reduced volumes from Brazil plus no cargoes from cancelled project in Guinea translate to potentially fewer tonne-miles overall
  • Pacific Basin sinks to first-half loss in tough dry bulk market
    Hong Kong-listed handysize and supramax specialist suffered much lower vessel earnings
  • August rate rises offer brief respite for box lines
    Weak peak season likely to see rates struggle over the summer
  • Gas ship society re-issues advice following crashes in Panama Canal's new locks
    Modifications might need to be made to gas ships, which can now transit the waterway for the first time
  • Low freight rates and stronger yen send NYK Line into the red
    NYK Line joins rivals MOL and K Line in cutting full year forecast
  • Braemar whets deal appetite in Asia amid industry slump
    Asia president Denis Petropoulos says group will make a move if price is right
  • Samsung Heavy Industries narrows losses in second quarter
    Improved results reflect ongoing restructuring efforts
  • K Line cuts forecast as first quarter turns red
    Japanese carrier forecasts deeper than expected loss for its fiscal full year amid global economic uncertainties
  • Exmar first-half net income hit by persistent low rates
    Time charter equivalent rates down across the board
  • MOL posts 89% drop in fiscal first-quarter profit and cuts 2016 forecast
    Japanese shipping line sees operating loss in first half on lower container freight rates and slump in car carrier trade
  • Vallianz notes business as usual despite Swiber liquidation
    Company's core business is in vessel chartering focused on the Middle East market with national oil companies as customers
  • Safe Bulkers completes debt refinancing
    Bulker owner posts second-quarter loss but has now clinched deals with all of its banks to ease repayment schedule
  • Dynagas posts higher second-quarter profit
    Larger fleet lifts earnings for LNG carrier owner

The Journal of Commerceweb site
JULY 29, 2016
  • Trans-Pacific eastbound spot rates to US East Coast jump
  • Containers moving through Lazaro Cardenas after blockade ends
  • LA-LB terminals temporarily suspend chassis gate fee
  • Maersk says it's not interested in acquiring HMM
  • Truckload carriers downshift as pricing plummets
  • Japan Airlines' cargo revenue tumbles
  • Japan's 'Big Three' container lines expect pain to worsen
  • Global Ship Lease profit doubles, revenue grows
  • IAG revenue, volume slump as sea freight competition rises
  • Spike takes Asia-Europe spot rates back above $1,100 per box

TradeWindsweb site
JULY 29, 2016
  • Capital Product delivers stable profit
    Nasdaq-listed company remains in the black as it fixes two tankers to its sponsor.
  • Woori Bank loan provisions fall
    Korean lender reveals bigger Q2 profit as it loses less on domestic shipyard portfolio.
  • CSDC projects big rise in first half profit
    Chinese tanker owner expects merger of giants Cosco and its parent CSG to bear fruit.
  • Pacific Radiance reveals $10m Swiber exposure
    Singapore owner says winding up of rival could leave it out of pocket.
  • DSME loses $1.4bn offshore order
    Korean shipyard says European client cancels platform contract from 2013.
  • Pacific Basin eyes buys after first half loss
    Advantageous cash position opens the door for potential secondhand deals, chief executive says.
  • Finnlines pushes up profit again
    Grimaldi-owned ro-ro group benefits from efficiency measures in second quarter.
  • Samsung Heavy slashes Q2 operating loss
    But Korean yard's result still worse than forecast in order drought.
  • Teekay Offshore drops two newbuildings
    MLP has freed up cash after walking away from UMS pair in China.
  • MOL chops full-year profit forecast
    Japanese giant singles out boxship and car carrier markets as key reasons for revised outlook.
  • K Line starts fiscal year in the red
    Japanese owner sees container and dry divisions unable to recover as it swings to a loss.
  • Dof Subsea bags Prelude FLNG charter
    Shell takes PSV for up to nine years to support new LNG project in Australia.
  • DSME loses $1.4bn offshore order
    Korean shipyard says European client cancels platform contract from 2013.
  • Safe Bulkers loss doubles on lower rates
    Distressed dry bulk market dents Greek owner's results but daily earnings are still above opex levels.
  • Teekay Offshore drops two newbuildings
    MLP has freed up cash after walking away from UMS pair in China.
  • Investors ditch Singaporean offshore stocks
    Fallout from Swiber's voluntary liquidation sees mass sell-offs of shares in offshore companies that were once the darlings of the Singapore Stock Exchange.
  • NYK plunges to first quarter loss
    Japanese giant lowers forecast for the rest of the year after first three months show falling revenue.
  • Dynagas LNG Partners again beats projections
    Full utilization and an additional ship continue to send gas player's financial results on an upwards trajectory.
  • DBS Bank downplays Swiber exposure
    Singapore's largest bank admits it faces SGD 700m ($518m) exposure to failed offshore player while peers say theirs is limited to none.
  • Vard secures three-ship order
    Singapore-listed shipbuilder obtains contracts worth $70m.

American Shipperweb site
JULY 29, 2016
  • Euronav posts decline in profits, revenues
  • Red ribbon month at Port of New York/New Jersey
  • Hub Group's net income rises, revenues fall
  • Japan's 'big three' container carriers post weak quarterly results
  • U.S. economy continues sluggish growth in Q2
  • SCFI surges 18.6%
  • AAPA: Port security grants spread too thin
  • DP World wins long-term concession at Port Saint John
  • DHL puts strong focus on e-commerce growth
  • YRC posts Q2 profit gain despite sliding revenues
  • UPS continues to grow earnings, revenues in Q2
  • ITC presses White House to make HTS changes
  • ITC: U.S.-Dominican Republic apparel program frayed
  • BB&T shuts down transport equity shop

›››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%)
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
COMPANIES
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
COMPANIES
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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Editor in chief: Bruno Bellio
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