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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:48 GMT+1
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BRIEFS
July 25, 2016
Sched Netweb site
  • A-E rate drops 8pc to US$713/TEU, down 14pc to Med ports, off 9pc to USWC
  • AADA increases in China to Australia rate US$300/TEU and $600/TEU from September 1
  • OOCL Q2 revenue plunges 16.6pc but volumes rise 6.6pc
  • Container shipping consolidation not likely to result in profitability: analyst
  • HMM to appoint new CEO in August to turnaround the debt-laden company
  • Singapore maritime hub to benefit from Brexit changes: Ince Law Alliance
  • Mundra terminal expansion in Gujarat to be completed next year
  • ICTSI Australia secures US$300m loan to complete construction of its Victoria terminal
  • John West Foods renews and expands contract with CEVA
  • SPECIAL REPORT: WWF Hong Kong wins support of 16 global carriers to ban shark fin cargoes
  • Slot loss, tax bill cut UAL profit to US$588 million, sales off 5.2pc
  • Major accolades for Hong Kong Airlines
  • Senator to start new air cargo services to the US Carolinas from Germany

Exim Indiaweb site
JULY 22, 2016
  • 'Connecting Ships, Ports & People' is World Maritime Day theme for 2017
  • G6 Alliance announces Asia-North America West Coast service update
  • ICS conference to focus on key shipping issues
  • IRClass leads in EU compliance certification of ship recycling yards in India
  • Maersk Line reroutes Asia-US East Coast service thru' Panama Canal
  • Anti-dumping duty imposed on import of fibre board from Vietnam & Indonesia
  • Tender floated to import maize
  • Chennai Port to hold HELP DESK every month
  • Coastal Economic Zones to give impetus to port-led industrialisation under Sagarmala
  • Mumbai Port working towards further enhancing efficiency: Radhakrishnan
  • NMPT takes up various initiatives to implement 'ease of doing business'
  • Reliance Defence & Engineering inks agreement with GMB & Gujarat Pipavav Port
  • Govt reaffirms quality standards for import of goods
  • Growth in 2016 & 2017 to be led by South Asia, India in particular: ADB

International Transport Journalweb site
  • Fresher for longer

IHS Maritimeweb site
JULY 22, 2016
  • Rise in LNG voyage triangulation will weigh spot rates
  • Replacing the Wheatcroft Long Sea Outfall
  • EMAS CHIYODA Subsea consortium wins USD1.6 billion contract from Saudi Aramco
  • Seals expands transport of used cars
  • Samsung HI's USD1.3 billion self-rescue plan is feasible, says main creditor
  • Underwriters to put freeze on misappropriation exposures
  • Rate slide slows as Asia-Europe lines prepare for 1 August hikes
  • Beijing to extend subsidies to river ships for another two years
  • Maersk and Huawei sign five-year carbon-cutting pact in Asia
  • MOL lines up 20-year LNG charter deal with Uruguay
  • 'Bottom-fishing' buyers spark surge in dry bulk stocks

The Loadstarweb site
JULY 22, 2016
  • Container lines announce new price hikes as ocean rates continue to slide
  • Rotterdam 'must adapt to a changing world' as port sees H1 volumes decline
  • Analysis: nervous times for K+N with shares at the mercy of financial markets
  • Shipowners have the power to revolutionise ship recycling by going green
  • South Carolina airport to send BMW air cargo to Munich
  • US hauliers move less freight in June - and blame excess inventories
  • Very handy: this map shows every country's major exports

Marine Logweb site
JULY 22, 2016
  • VIDEO: Damen ASD duo headed for Argentina
  • New York Wheel rolls ahead
  • Siemens puts a specialized mobile workshop in a box
  • Clogged fuel filter and human error led to cruise ship fire
  • U.K. ferry will feature battery hybrid technology

World Wide Shipperweb site
JULY 22, 2016
  • Port of Grays Harbor nets award for 4th Grade Tour Program
  • Alaska Airlines adding flights from Portland, Seattle to Newark
  • Port of Los Angeles calls for feedback on proposed oil terminal upgrade project
  • Longview Port Commissioners Ok Willow Grove Park advisory board
  • New trucking association president makes additions to leadership team

Lloyd's Listweb site
JULY 22, 2016
  • Capesize rates down 14% on week amid oversupply
    Fundamentals remain shaky, hurting rates for all main capesize routes
  • Exxon strikes $2.5bn deal to boost LNG business
    World's largest listed oil and gas company targets LNG from Papua New Guinea
  • Marine finance shrinks 43%
    Citi takes top lender spot from DNB Markets, with cruise lines taking largest slice of dwindling finance pie
  • Asia-Europe carriers pin hopes on peak season price push
    With rates down for a third successive week, attention turns to August 1
  • G6 merges transpacific routes
    Capacity reduced in effort to hold up rates
  • HHI first-half order value drops 44% with eight vessels secured
    Shipbuilding segment new orders fall 68.9%, no new offshore contract signed
  • Post-Brexit boost for UK from MSC Cruises
    UK Chamber of Shipping chief Guy Platten reaffirms industry support for immigration
  • Nick Brown leaves Lloyd's Register for Bureau Veritas
    Face of LR external relations to start new post at BV this autumn
  • Data Hub: Trade Routes
    Fewer but larger ships ply the key east-west trade as lines seek to rationalise supply
  • Shipping faces growing threat of cargo theft exploiting 3D printing
    Criminals using the technology to copy security devices including cargo seals, security locks and keys, says security consultancy
  • MOL inks 20-year FSRU charter with state-owned Uruguay firm
    DSME building liquefied natural gas vessel that Gas Sayago will use from first half of 2018
  • Safe Bulkers adjusts loan repayment schedule with RBS
    New terms apply to credit facility with $73.4m outstanding balance
  • Ezra joint venture and consortium clinch $1.6bn deal from Saudi Aramco
    Offshore gas field project expected to be finished in three and a half years' time
  • The shrinking case for bigger ships
    Are increasing ship sizes taking the industry in the right direction?

The Journal of Commerceweb site
JULY 22, 2016
  • Owners of Brazil's second-busiest box port mull sale
  • Werner sheds some customers as shippers pound rates
  • REZ-1 gains intermodal management digits via IAS acquisition
  • More cargo but less revenue at OOCL
  • Trans-Pacific capacity cuts, GRIs can't stabilize spot rates
  • Global investment boosts hopes for growth in project cargo
  • Swift cuts trucks as revenue, profit continue decline
  • Long Beach: Plenty of affordable power while moving to zero-emission harbor
  • Asia-Europe spot rate decline slows before Aug. 1 GRI

TradeWindsweb site
JULY 22, 2016
  • Major Brazil box terminal for sale
    Advent International said to be selling TCP in Paranagua amid expansion plans.
  • BW Offshore closes huge restructuring
    FPSO specialist says mammoth process that gives it a runway until 2020 has been completed.
  • Diana linked to SWS resale amid bank talks
    Market watching to see if bulker buy or bank deal will emerge in second quarter report next week.
  • Korea's Shinhan reduces loan losses
    Lender posts big net profit despite troubles at domestic shipowners and shipyards.
  • Moody's affirms OSG rating but cuts outlook
    Tanker rates and uncertainty over spinoff plans lead credit ratings agency to change outlook from 'positive' to 'stable'.
  • Deep Sea Supply stock spikes on debt deal
    John Fredriksen-backed owner sees market value take a turn for the better after strengthening balance sheet.
  • Brexit: MOL 'may have to revise forecasts'
    Mizuho Securities concerned over Japanese owner's bonds in volatile markets.
  • Bourbon's Brazilian AHTS booked for a year
    French owner ties up anchor-handler with Petrobras in Brazil.
  • Greece set for Court of Justice date
    European Commission requests financial sanctions in long-running Hellenic Shipyards case.
  • YZJ offloads last property business
    Singapore-listed shipbuilder disposes of non-core unit.
  • OOCL revenue falls but volumes on the rise
    Containership owner reports smaller turnover in Q2 despite carrying more units.
  • Chappell: 'There is a reason shipowners own yachts'
    Evercore says now is not the time for bottom fishing, at least on the bulker equity front.
  • Brexit could help UK ports avoid regulation
    British port executives keen on not having to implement proposed EU directive.
  • Boreal fire caused by human error
    French accident report finds unqualified officer attempted to replace clogged part on cruiseship.
  • Cargoship slams into shore path
    Philippines city of Naga demands compensation after Unilink ship hits coastal boardwalk.
  • Four Alang yards get IRS thumbs up
    Indian classification society acts as "independent verifier" for local shipbreaking facilities.
  • JP Morgan takes red pen to LNG rates
    Bank lowers spot forecasts through 2018 as recovery "takes its sweet time".
  • Otto Candies loses charter in Brazil
    But US owner extends deals for two other PSVs with Petrobras.
  • Uruguay deal for MOL giant firmed up
    A final 20-year contract with Gas Sayago for world's largest FSRU has been penned in Montevideo.
  • New Saudi/HHI yard to cost $6bn
    Big shipbuilding joint venture will be up and running by 2018.
  • Deep Sea takes full control of BTG joint venture
    John Fredriksen-backed offshore owner buys partner DPC's stake in struggling Brazilian operation.
  • South Africa issues fuel terminal tender
    Growing volume of fuel imports needed to make up for refining capacity shortfalls.
  • Emas Chiyoda gets Aramco work
    Lucrative $1.6bn subsea contract landed in partnership with India's Larsen & Toubro.
  • Transpetro says it's 'victim' of bribe scandal
    Petrobras tanker owning arm says it is working with courts and prosecutors after revelations by former chief executive Sergio Machado.

American Shipperweb site
JULY 22, 2016
  • Werner's net income tumbles 43% in Q2
  • CLK Cold Storage Company opens warehouse in Vietnam
  • Air France-KLM open new JFK cargo facility
  • U.S. Customs seeks to clarify ISF filing responsibility
  • Russian sentenced 10 years in jail for illegal exports
  • Drewry: Ocean shippers should be wary of freight rate rebound
  • Maersk Line, Ltd. reveals leadership change
  • Trump trumpets populist trade message in acceptance speech
  • TQL to open first Utah office in Salt Lake City
  • Swift profits slip in Q2, first half 2016 on declining revenues

The Bunker Bulletinweb site
JULY 22, 2016
  • TANKERS: Black Sea-Med Handysize rates drop due to lower Russian cargo flow
  • FUTURES: Crude futures steady as bearish sentiment makes headway
  • IBIA to form bunker surveyor sub-committee
    To help bunker surveyors transition to mass flow meter bunkering in Singapore in January.
  • Japan shippers, traders mull rare change in Singapore bunker term contracts
    Driven by price uncertainty due to Singapore's mandatory use of MFM in 2017.
  • Singapore bunker supplier Progress counter-sues Hong Fatt for S$630,000
    Stems from suit by Hong Fatt against Progress last year over sale of MGO.
  • TENDER DATA: Bahrain's Bapco offers up to 80,000 mt 380 CST HSFO for Aug 13-16
    Tender closes July 25.
  • Los Angeles IFO 380 continues slide as suppliers move a further 6,000 mt
    Prices have not been lower since June 6.
  • NYMEX September crude settles below $45/b on US gasoline glut
    NYMEX September crude settled $1 lower at $44.75/b.

›››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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