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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
16:50 GMT+1
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BRIEFS
October 18, 2016
Sched Netweb site
  • Zim offers Pacific north west service to US and Canada via Prince Rupert
  • Panama tender Corozal call goes out to APMT, Terminal Link, PSA and TIL
  • Only Hong Kong's OOCL and Maersk Line escape Drewry's 'distress' zone
  • Korea's corporate giants Samsung and Hyundai drag down nation's exports
  • Kingston Wharves takes in Liebherr Maritime Crane, biggest in Caribbean
  • ATA economist forecasts continued growth in US trucking volume
  • EU-Canada trade pact provisionally cleared by German top court
  • NYK jointly develops anti-rust agent that reduces costs and workloads
  • Heathrow cargo meet November 22-23 focuses on pharma ground handling
  • Delta's quarterly net profit down 4pc to US$1.26 billion, sales off 6pc
  • Singapore Airlines Cargo signs with Zodiac for 2,000 light weight ULDs
  • Cathay feels pressure from competition from over the border
  • In-house researcher sees good times ahead for Nippon Express after slump

Exim Indiaweb site
OCTOBER 17, 2016
  • Asia to Northern Europe spot rates up
  • BCHAA elects office-bearers & managing committee members for 2016-18
  • Consolidation & risk management seen as new industry model for dry bulk shipowners
  • DP World recognised as 'Best Company for Investor Relations, Middle East'
  • Glander International Bunkering boosts its global footprint by merging with Scandinavian Bunkering AS
  • Liberia trials class & statutory e-certificates on ClassNK ships
  • ZIM to offer additional Asia-Pacific North West service
  • Port of Antwerp inaugurates striking new headquarters
  • Stakeholders deliberate on better container traffic movement between Chennai Port & hinterland
  • PSA invests in China's largest inland railway container terminal network
  • Sabari Logistics Solutions partners with DLI for domestic rake movement between Delhi & Chennai
  • Schenker India to handle warehouse operations for Volkswagen Group Sales
  • Exports show signs of revival
  • Govt committed to reducing logistics challenges & facilitating exports
  • Rationalisation of procedures in handling exporters' obligations under EPCG authorisations
  • New batch of Export Import Workshop from Nov. 19

International Transport Journalweb site
  • Austempered ductile iron bulk production launched
  • Next big IPO of Chinese logistics company
  • ATA: Total truck volumes to grow
  • Liberian Registry on its way to e-certificates
  • Emergency delieveries by drones in Rwanda
  • Increasing safety by investing in rail improvements
  • St. Louis 3PL welcomes logistics veteran
  • Yacht for the Gulf
  • Atlas Air extends B737 fleet through conversions
  • Delivering latest Harry Potter all across France
  • New CFO for CMA CGM
  • Investments in rail line through Mississippi
  • Emirates Skycargo now with freighter in Norway
  • Arkas and Seago running REX together

IHS Maritimeweb site
OCTOBER 17, 2016
  • MPP ship operator Flinter files for insolvency
  • Bunkering back to normal in South Korea
  • Prepare for years of excess capacity pain, say carriers and analysts
  • Ocean Yield cancels ethylene carrier from collapsed Chinese yard
  • STX O&S needs to cut personnel costs by 50%
  • Ezion Holdings reschedules loan repayments and delays rig deliveries
  • Korean lawmakers want more Seoul support for Hanjin
  • Seorae Sea Merchant Corp seeks bankruptcy protection
  • Mombasa vows to rebuild transhipment volumes

The Loadstarweb site
OCTOBER 17, 2016
  • SEKO signs on with Alibaba as retailers and forwarders link up to boost e-commerce
  • Hanjin under fire in US court over lack of liability insurance for chassis
  • Overcapacity may hit Caribbean transhipment ports following Panama Canal expansion
  • Hyperloop One nets $50m more investment as first full transport system test looms
  • Consumers trust Amazon, FedEx, UPS, and the post office over Google for drone deliveries
  • President opens new air cargo handling facility in Accra

Marine Logweb site
OCTOBER 17, 2016
  • NNS names Mary Cullen VP nuclear propulsion
  • Gateway Dredging takes delivery of TSGI designed towboat
  • Cammell Laird lays research ship keel
  • Havila sells PSV for aquafarming operations
  • TAO-205 oilers to have Rolls-Royce propellers and gensets
  • Another Navy officer pleads guilty in Fat Leonard case

Lloyd's Listweb site
OCTOBER 17, 2016
  • Venezuela cocaine bust ship appeal refused
    B Atlantic owners left with ruling that standard war risk policies do not cover drug smuggling
  • Golar Power charters FSRU Golar Nanook for 25 years
    Deal will generate earnings of $39m per year for burgeoning new company
  • Cosco Shipping takes stake in Italian port
    Vado Container Terminal set to be a semi-automated facility that can host ultra large containerships
  • Odfjell sells stake in Oman tank terminal for $130m
    Focus is on growth in core markets Houston and Rotterdam
  • US Gulf and South America strength supports handysize bulker earnings
    But European and Pacific markets see little activity
  • Teekay sells last MR product tanker
    Earning power of product tankers in 2016 has not been as strong as last year
  • CIMC warns of net losses ahead
    Terminated SinoPacific Offshore acquisition and weak global economy could mean losses of up to $51.2m for container leasing company
  • International operator sought for new Egyptian box terminal
    Damietta Port Authority looks to global player for proposed second box facility with developer on board
  • HMM eyes Hanjin's Asia-US assets
    HMM currently reviewing the fit and feasibility of an asset purchase
  • Rising bunkers to hit liner operators in third quarter
    Box lines expected to suffer $1.2bn cash flow blow from higher costs
  • Non-payment of hire: a clear message to charterers
    A UK Court of Appeal ruling brings welcome clarity for shipowners facing defaults in time charter hire
  • Rosneft and Trafigura buy Indian oil refinery and port assets for $13bn
    Takeover of Essar Oil includes $2bn for Vadinar oil port in western India and paves way for Russia-India oil flows
  • Nakilat nine-month net profit weighed by operating expenses
    Higher operating expenses outweigh rise in total revenue
  • Profit slumps 91% at Cosco's specialist shipping business
    Weaker performance comes amid dismal shipping market
  • Oldendorff buys eight secondhand dry bulk carriers
    Company has acquired 17 secondhand bulk carriers for delivery over 2016 and 2017 over the past 12 months
  • Maritime UK outlines opt-out clause in Brexit tonnage tax blueprint
    'Menu-based' scheme would let owners pick and chose tonnage tax details
  • Ocean Yield terminates vessel order at Sinopacific yard
    Move comes amid Sinopacific's bankrutpcy proceedings
  • CSSC Offshore & Marine Engineering Co deputy manager quits
    Chinese shipbuilder has yet to win any new commercial vessel orders this year, Clarksons data shows.
  • K Line makes adjustments on North Vietnam ro-ro service route
    One of the changes includes an additional sailing per month

The Journal of Commerceweb site
OCTOBER 17, 2016
  • Chassis provider warns of Hanjin sending uninsured equipment on US highways
  • Matthew flooding still slowing truck, rail shipments in North Carolina
  • Low rates cut profits for intermodal trucker J.B. Hunt
  • Authorities blame private terminals for JNPT's import plan problems
  • Virginia ILA official pleads guilty to $1 million fraud
  • DP World invests $50M to develop tube container transport
  • APM Terminals sells stakes in Italy terminals to Cosco, Qingdao Port
  • Used Panamax container ship values plunging
  • Indian public ports accelerate container rail drive to hinterland
  • US forwarders, NVO urged to file Hanjin claims immediately
  • Mombasa vows to rebuild transshipment volumes
  • TPP offers trade boost amid slow growth, economist says
  • No escape from grim liner overcapacity, warn carriers and analysts

TradeWindsweb site
OCTOBER 17, 2016
  • Golar Power deal could deliver value boost
    Analysts say details of first project announcement for Golar LNG joint venture are better than expected.
  • WWS hands PSVs control to Tschudi
    Norwegian owner is left with four idle ships as Dutch firm gets commercial management of two units.
  • Clarksons surveys depth of downturn
    Shipbroking giant's rate index hit record low in August amid some of toughest conditions since financial crisis.
  • Paragon pushes back bond swap deadline
    New York-listed bulker owner taking more time to finish debt-for-equity exchange after just 11.3% agree to sign up.
  • STX axe adds to Frontline firepower
    Analysts say Fredriksen-backed owner now has over $300m to support fleet growth.
  • Clarksons surveys depth of market downturn
    Shipbroking giant's rate index hit record low in August amid some of toughest conditions since financial crisis.
  • VLCC prices tick back to two-year lows
    Pending Metrostar sale to Alafouzos would be lowest price paid for a resale VLCC since 2014, data shows.
  • Sewol salvage could drag on into 2017
    Poor visibility could see massive project exceed target deadline by more than six months.
  • Polarcus teams with TGS on seismic surveys
    Oslo-listed company will jointly develop 3D projects aiming at higher vessel utilization.
  • Bakkafrost buys Havila supply ship
    Restructuring Norwegian owner offloads 2005-built ship into the Faroe Islands.
  • Golar Power strikes first big charter deal
    Joint venture of Golar LNG and Stonepeak locks FSRU into new 25-year agreement in Brazil.
  • Varada VLCC going under the hammer
    Veteran ABG-controlled tanker put up for sale again in Hong Kong.
  • Hyundai Heavy in management reshuffle
    Seoul-listed shipbuilder reveals a shake-up in key leadership positions.
  • Gotland sells share in products tanker
    Swedish owner offloads another vessel as profit falls.
  • Oldendorff adds to bulker shopping spree
    German owner has now bought 17 secondhand vessels in just 12 months.
  • Lindsay Blee expands to Colombia
    Marine fuel broker starts up new partnership with Cartagena-based CI Petrobunkers.
  • Laid-up ro-pax sold at auction
    Polish-built Adriatica I leaves Italian port after three years.
  • Cocaine found in box bound for PIL ship
    Mexican authorities seize more than 100 kilos of drugs hidden in container with electric showers.
  • MMA Offshore shifts West African ships
    Accommodation barge also sold as Australian owner copes with downturn.
  • Liner giants in toll talks with Suez Canal
    Maersk Line, CMA CGM and MSC are reportedly negotiating paying fees in advance to get a discount.
  • Wilson Sons clinches $34m loan
    Brazilian offshore player borrows cash from Santander to buy cranes.
  • Radiant snares second LPG carrier order
    Bangladesh shipyard to construct another gas ship for Omera Petroleum.
  • Hanjin denies contacting Maersk, MSC over assets sale
    Korean owner says it did not reach out to overseas lines regarding the disposal of its Asia-US business.
  • Safaei replaced at NITC
    Surprise shake-up in senior management at Iranian tanker giant
  • Pacific Princess prangs Nice breakwater
    Cruise ship reportedly suffers ingress of water after hitting embankment in French tourist city.
  • Nakilat sees minor fall in third quarter profit
    Long-term charters help world's largest shipper of LNG ride out current market turmoil.
  • Ensco takes four jack-ups out of lay-up
    US driller's ability to reactive drilling rigs a sign that the market "is primed for recovery".

American Shipperweb site
OCTOBER 17, 2016
  • Port of Zeebrugge to expand ro-ro capacity
    The Port of Zeebrugge has plans to grow its automotive volumes by as much as 40 percent, according to a statement from the port authority. ...
  • Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd
    Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades. Maersk Line announced FAK rate increa...
  • Airlines ground fire-prone Samsung smartphones
    The Federal Aviation Administration (FAA) and the Pipeline and Hazardous Materials Safety Administration put in place an emergency order Oc...
  • ITC begins accepting MTB petitions
    In preparation for the next miscellaneous tariff bill before Congress, the U.S. International Trade Commission (ITC) has begun accepting pe...
  • Executive Moves: The Greenbrier Cos. and an international trade law firm
    Sandler, Travis & Rosenberg (ST&R) has hired Steven Brotherton , a respected authority on export controls and economic sanctions, t...

The Bunker Bulletinweb site
OCTOBER 17, 2016
  • Bunker prices rise in Peru, Ecuador amid delays, cost increases
    High sulfur bunker fuel prices in Peru and Ecuador climbed on Monday as the result of unexpected production delays and pricing decisions at state-run refineries
  • Oil complex weakens as more Iranian crude set to hit market
    NYMEX November crude settled 41 cents lower at $49.94/b. ICE December Brent settled down 43 cents at $51.52/b
  • ANALYSIS: Run cuts likely to spur US crude build, product draws again
    Potential refined product draws will support the oil complex at a time when upward momentum from a tentative OPEC supply agreement has appeared to run its course.
  • European Q3 indicator refining margin falls to two-year low: Total
    Total, Europe's biggest refiner, said the average Q3 margins indicator fell to $25.5/mt ($3.50/b), down from $35/mt in Q2 and $54.8/mt in the third quarter of 2015
  • Maritime crime declined across world's key hot spots in Q3: Dryad
    Piracy incidents in South East Asia, with the exception of Sulu Sea, are at their lowest since 2009
  • Bad weather halts loading at Novorossiisk's Sheskharis oil terminal
    Sources said bunkering operations are also likely to have been affected by the halt to loadings
  • External: Praxis Energy Agents S.A
  • Bunker broker Lindsay Blee teams up with Colombian partner
    Bunker fuel brokerage Lindsay Blee has signed a marketing and distribution deal with Colombia-based CI Petrobunkers
  • External: Wired Bunkering
  • External: Marine Bunkering(Rotterdam)B.V.
  • FUTURES: Oil prices rangebound on US rig count, stable dollar
  • FUTURES: Oil prices a tad lower but hold above $50/b

›››File
FROM THE HOME PAGE
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
Signed the final agreement on the contract of port workers
Rome
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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