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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:29 GMT+1
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BRIEFS
November 24, 2016
Sched Netweb site
  • Maersk confirms HMM not joining 2M Alliance but looking at other options
  • Hanjin's death was 'political blundering over economic sense': analyst says
  • China's One Belt, One Road will bring prosperity to shipping: HK conference
  • 100 more panamaxes need to be scrapped to right supply-demand imbalance
  • Protected East London wharf returns to life to handle cargo
  • Kochi port in South India tries out moving containers in barges
  • DHL eCommerce to enhance services for Japanese e-tailers and marketplaces
  • GAC wins award for moving huge structure from NZ to Maldives
  • DHL's Ken Lee inducted into Supply Chain Asia's Hall of Fame
  • IATA to launch new platform to simplify shipment management
  • Lufthansa Cargo repositions sales, divides company into 8 business units
  • Swiss WorldCargo hires more staff to handle customers' shipment tracking queries

Exim Indiaweb site
NOVEMBER 23, 2016
  • Allcargo Logistics registers increased PAT in Q2 2016-17
  • Capt. Radhika Menon first female Master to receive IMO Award for Exceptional Bravery at Sea
  • Drive to promote hazard awareness delivers results
  • Hanjin Shipping's Asia-US operation acquired by Korea Line
  • JNCH does away with Mate's Receipt requirement
  • India's port infrastructure market seen growing at CAGR of 9 pc till 2025
  • US Consul General appreciates 'Ease of Doing Business' initiatives during visit to JN Port
  • CONCOR's Vallarpadam CFS commences operations
  • Goods transportation/trucking activity has come to a standstill across the country, says Delhi Transporters Association
  • PDP International commences empty container depot services to reduce traffic congestion in Port area
  • Govt throws light on impact of FTAs on rupee valuation, ex-im trade

International Transport Journalweb site
  • Start-up invests in fleet
  • Propeller Club Basel sets course for Madagascar
  • Wim Bosman turns into Mainfreight
  • Switzerland: rail wins, road loses
  • San Bernardino airport offers space to UPS
  • Six VLECs for Reliance Industries
  • Cargolux carries Solar Impulse II back to Switzerland
  • Medserv nets Enina contract
  • SOL launching another ro-ro service to Belgium
  • Broken rail derails CN train
  • Frank Dreeke elected ZDS president
  • Call for rail improvements during celebration
  • "Sasch" carries the day
  • Montreal's Viau container terminal growing bigger
  • Air Algérie Cargo adds Lyon to network
  • Sales specialist for Hödlmayr
  • Is HMM's game over?

IHS Maritimeweb site
NOVEMBER 23, 2016
  • Viking Line orders advanced LNG ro-pax ferry from Chinese yard
  • Concordia Maritime signs deals to refinance 10 ships
  • Sovcomflot agrees USD180 million long-term credit agreement with Russian bank
  • Trump win prompts marine insurer rethink on Iran risk
  • Bumi Armada suffers third-quarter loss in tough FPSO market
  • Fears grow that China-Australian shipping service GSS faces bankruptcy
  • China Merchants to extend overseas port investment to city real estate
  • Halt all bulker new orders and shut down 'zombie yards', say shipping experts
  • Africa's booming east coast drives port, rail projects
  • Hanjin acquisition threatens Korea Line Corporation's credit rating
  • Capesize players eye Hunan Valin COA

The Loadstarweb site
NOVEMBER 23, 2016
  • Striking pilots leverage 'a proper peak season' frenzy for air freight
  • HMM must settle for slot exchanges rather than full membership of the 2M
  • Fears for Hong Kong's status as a major hub port if Chinese ease cabotage rules
  • Whitehall must sort out Customs and trade deals, or Brexit will hit UK freight sector hard, says FTA
  • The importance of streamlining (expensive) reverse logistics
  • Chow Tai Fook turns Chinese jewellery shops into logistics hubs
  • Seabury sees a slight turn of the tide for air freight
  • e-Commerce boom drives DP-DHL's new apprenticeship scheme
  • GSF's Chris Welsh joins International Cargo Handling Association board

Marine Logweb site
NOVEMBER 23, 2016
  • Viking Line eyes new LNG-fueled cruise ferry
  • Tanker captain is first woman to win top IMO bravery award
  • Marcon brokers sale of icebreaking deck cargo barge
  • Zumwalt sidelined in Panama by engineering casualty

Lloyd's Listweb site
NOVEMBER 23, 2016
  • Ship recycling torn between looming regulations
    Life-threatening risks persist within shipping's unregulated frontier as governments weigh their options
  • Concordia refinances with $189m loans
    Two separate credit facilities will be used to finance 10 product tankers
  • Product tanker rates buoyant in Mediterranean, lacklustre elsewhere
    Mediterranean MR and LR rates surge on tight supply after naphtha liftings
  • Euroseas buys 16-year old panamax bulker
    Company arranges short-term loan to finance the acquisition
  • PGS looks to top up equity injection
    Seismic vessel carrier secures around $235m from private placement, and is planning on a $35m new shares offering
  • Sovcomflot signs for $180m loan to finance Arctic tanker fleet
    Credit agreement has a term of up to 15 years
  • Panamax bulker breaks $11,000-per-day mark on coal shipments
    Rates highest since January 2014 on tight tonnage and emerging coal demand from China and India
  • State subsidies threaten box line recovery
    Government aid risks increasing overcapacity
  • Stolt-Nielsen completes $575m deal to buy Jo Tankers
    World-leading chemical tanker owner just got bigger
  • CMA CGM inks deal to boost Algerian maritime trade routes
    Agreement with CNAN NORD aims to establish a common shipping line connecting northern Europe to ports in Algeria
  • Hyundai Merchant Marine launches direct service to Vietnam
    Haiphong-Danang Express Service starts today
  • Labour union threatens strike over HHI spin-off plans
    Wage negotiations contingent on management cancelling the move
  • The bull case for dry cargo according to Petros Pappas
    Sustained scrapping activity in 2017, lack of new orders and new regulation are catalysts for market recovery
  • Samsung Heavy Industries revises FLNG contract with Petronas
    Total contract value raised to $1.5bn
  • DSME faces vessel delivery delay from Atwood Oceanics
    Contract for drillship pair is worth around $1.2bn
  • Tanker master is first woman to win IMO Award for Exceptional Bravery
    Capt Menon and her crew made three attempts before the successful rescue of seven fishermen from their sinking vessel
  • Rickmers Maritime defaults on bond interest payment
    Event will impact trust's ability to continue as a going concern
  • Fuel source uncertainty to rein in dry bulk vessel ordering
    But asset plays for new tonnage might resume if yards provide attractive financing
  • Japan quake puts coal and LNG players on watch
    Muted impact to demand seen for now

The Journal of Commerceweb site
NOVEMBER 23, 2016
  • Strikes, oil price drop pummel Rio de Janeiro port
  • NY-NJ port expands truck eligibility for cleaner replacements
  • EU approves Hapag-Lloyd-UASC merger
  • Pilot strike affecting Amazon shipments sends early holiday warning
  • Lessors: THE Alliance members shouldn't jointly buy equipment
  • US Congress's watchdog: Share data to fight port congestion
  • Idle container ship fleet retreats from record high
  • Weak rates crimp India's largest logistics provider
  • China Merchants expands Belt and Road investment into real estate
  • Fire alarm in cargo hold diverts Cathay flight to Russia

TradeWindsweb site
NOVEMBER 23, 2016
  • Drewry: No 'panic' scrapping for VLGCs
    Forecasting firm expects ongoing weakness in LPG freight rates through 2017.
  • TW+ Roundtable: Industrial shipping in the age of scale
    TW+ gathers nine shipbroking analysts in the same room to debate the industry's direction. First, their optimistic prognosis for the dry cargo market.
  • 'Gentleman of shipping' Takis Kakoulidis dies
    Oino Shipbrokers president remembered as a great teacher.
  • EU gives nod to Hapag-Lloyd, UASC
    UASC dropping out of North Atlantic service due to market concentration.
  • Port costs hammering offshore owners
    Westshore highlights problem of UK fees eating up income for spot PSV jobs.
  • Euroseas snaps up Tri-Marine's last ship
    Chairman and CEO Aristides Pittas will support latest acquisition with $2m loan.
  • Concordia Maritime nets $189m loan package
    Swedish owner secures new debt facilities on a fleet of 10 products tankers.
  • Fesco share sale 'negative for stock'
    Analyst VTB says Russian owner's potential issue would need investor approval.
  • US Navy's most costly ship breaks down
    USS Zumwalt suffered engineering problem and lost propulsion in the Panama Canal.
  • Slimmer MPC Capital increases earnings
    German asset manager makes more money after sealing big boxship sale.
  • Sovcomflot set to refinance tanker twins
    Russian owner signs MOU with Sberbank for $180m loan covering a pair of shuttle tankers
  • Crewman feared dead in fall from heavy-lifter
    Search halted off Zeebrugge following accident on Harren & Partner ship.
  • Saga: no decision on second cruiseship
    UK owner denies report it has declared option for another vessel at Meyer Werft.
  • Stolt-Nielsen wraps up Jo Tankers deal
    Oslo-listed owner completes $575m move that aids its fleet renewal requirements.
  • Bimco finalises move into ship finance
    Owners' association to publish term sheet for financial transactions next year.
  • Vard brings in KPMG to advise on share offer
    Shipbuilder appoints consultant for independent directors as parent Fincantieri seeks to take it private.
  • Viking Line signs for Chinese ro-pax
    Finnish owner picks Xiamen Shipbuilding for new $200m passengership.
  • Olympic Ship keeps the clock ticking
    Norwegian offshore vessel owner has a few more days to complete restructuring deal.
  • PGS raises $225m and tries for more
    Norwegian shipowner sells out share issue as it seeks to refinance notes.
  • Worker killed at Blohm+Voss yard
    Another man injured during work on Fred Olsen's Black Watch cruiseship.
  • HMM launches Vietnamese boxship run
    Korean line aiming for a slice of fast-expanding market.
  • Hyundai Mipo agrees to delay LPG carriers
    Korean yard takes a bit extra for quartet as it pushes back delivery.
  • Chiquita swoops on Conti Reederei pair
    US fruit company raids secondhand market for second time in a year to bolster container fleet.
  • HHI union threatens strike over asset split
    South Korea's largest shipbuilder faces potential worker opposition over restructuring plan.
  • Bumi Armada posts reduced third quarter loss
    But Malaysian FPSO specialist upbeat as multiple FPSO units begin mobilization.
  • Semua tanker set for second auction
    Singapore's admiralty sheriff will make another attempt to offload arrested product tanker.

American Shipperweb site
NOVEMBER 23, 2016
  • APMT selects Willemen Groep for Tangier terminal construction
    APM Terminals (APMT) has selected four subsidiaries of the Willemen Groep - Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco - ...
  • Stolt-Nielsen completes acquisition of Jo Tankers
    Stolt-Nielsen Limited said it has completed its previously announced acquisition of the chemical tanker operations of Jo Tankers, consistin...
  • ATA: Truck tonnage index steady in October
    Domestic truck tonnage in October 2016 was relatively steady compared with the previous month, falling just 0.3 percent following a revised...
  • Philippines green lights $185m container terminal at Cebu
    The government of the Philippines has approved construction of a new, 9.2 billion Phillipine peso (U.S. $185 million) container terminal at...
  • HMM launches intra-Asia loop
    Source: Hyundai Merchant Marine Hyundai Merchant Marine (HMM) said it has launched a new, weekly service between Korea, China and Vietnam. ...
  • ABX pilot strike impacts DHL, Amazon shipments
    Pilots working for Wilmington, Ohio-based cargo carrier ABX Air, a subsidiary of Air Transport Services Group (ATSG), went on strike Tuesda...
  • Maersk: Brazil's container market pulling out of dive
    Source: Maersk Line The steady decline of Brazil's global trade in containerized goods appears to have bottomed out after five years and pr...

The Bunker Bulletinweb site
NOVEMBER 23, 2016
  • China's 2017 oil product exports may surpass 2016 levels - Chinaoil
    - State-owned refineries seen lifting throughput in 2017 - Tighter rules may reduce run rates by independents - Country well prepared to meet tighter emission norms
  • ANALYSIS: As OPEC deliberates, US shale poised to make or break freeze deal's success
    A credible freeze that sends prices up to $55/b or beyond would quickly create an incentive for US drillers to reactivate rigs, limiting how far prices could rise in response to any OPEC production cuts.
  • US DATA: Inventory data shows crude stock draw, product builds
    - Refinery utilization climbs above 90% of capacity - Gulf Coast crude stocks draw 1.8 million barrels - USAC gasoline inventories up 2.8 million barrels
  • Iraq committed to taking part in OPEC crude production cut: PM
    Iraq will take part in a crude production reduction as part of an OPEC-wide output cut, Prime Minister Haider al-Abadi said at a Wednesday press conference in Baghdad.
  • Singapore ship chandlers and bunker sales down in Q3
    Domestic and foreign wholesale trade fell 12.2% and 21%, respectively, in the third quarter from the same period a year earlier as refined product and petrochemical prices dropped
  • External: Wired Bunkering
  • CHINA DATA: State-owned refiners cut run rate to 81% in Nov from 82% in Oct
    The November rate is also one percentage point lower than 82% seen in the same month last year

›››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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