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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:28 GMT+1
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BRIEFS
August 2, 2017
Sched Netweb site
  • Japan's Big Three liners bullish with surge in Q1 revenue
  • HMM refutes reports of seeking KDB US$9b funding to rival Yang Ming
  • Export orders at Chinese factories dip in July, PMI shows
  • 10 new orders placed for box ships in H1, down from 56 in 2016
  • Port of Oakland is gearing up to handle forecast surge in imports during peak season
  • US President lashes out at China after N Korea carries out another missile test
  • Valencia to deepen drafts of all 3 box terminals to handle 20,000-TEU ships
  • UPS' Q2 profit up 9.1pc yoy at US$1.38 billion on 5pc revenue growth
  • Supply chain sector faces chronic shortage of staff with knowledge in AI
  • Etihad posts 2016 loss of US$1.87b, impacted by weak cargo market
  • Pharma shipments to be treated as critical under IAG Cargo's new service offering
  • Jet hits caribou as it's about to land at Alaska's Deadhorse Airport

Exim Indiaweb site
AUGUST 1, 2017
  • Bunker industry prepares for sulphur limit in ship fuel
  • Global schedule reliability improves in Q2 2017 compared to Q1
  • HMM vessel makes maiden call under China West India Express service
  • India's iron ore exports to be a key driver of dry bulk shipping, says analysis
  • Indian Register of Shipping gets accredited for EU MRV services
  • NYK Line, MOL & "K" Line perform well in Q1
  • Details of port-road connectivity MoUs inked by Shipping Ministry during Integrated Transport & Logistics Summit held in May 2017 in New Delhi
  • Port of Antwerp's seminar in Rajkot on Aug. 8
  • Foundation stone laid for perishables cold storage in Maharashtra
  • India-Bangladesh Petrapole-Benapole Integrated Check Post now operational 24x7
  • Public Investment Board clears phase-1 of Bharatmala Pariyojana

IHS Maritimeweb site
AUGUST 1, 2017
  • Chinese firms invest USD300 million in Abu Dhabi ports
  • China's shipbuilding sector continues to face headwinds
  • Hyundai HI profit down as ship sales slow
  • Swiber defaults on coupon payment for third, SGD150 million bond
  • JBIC to finance Ultrabulk ship orders at Imabari
  • Government should foster co-operation between shipbuilders, shipping lines, says HMM executive
  • Cash is king: how shipping sectors are stacking up in 2017

The Loadstarweb site
AUGUST 1, 2017
  • Air cargo market eyeing a strong peak season, but forwarders not so bullish
  • Hunter Harrison responds to Railway Age
  • Revamped CSX under fire for 'all-round decline' in rail freight service
  • Danaos still feeling the pain of Hanjin collapse as charter market stays flat
  • Premium transpacific box services pay off for niche carrier Matson
  • Qatar launches WTO complaint against trade boycott
  • Sharjah's Gonzalo Jacob takes on top role at Africa Flight Services
  • Belgian pilots' union challenges FedEx European air operations

Marine Logweb site
AUGUST 1, 2017
  • ABB supports group combating plastics pollution of oceans
  • France and Italy work to resolve differences over STX France
  • Foss Maritime names Will Roberts Chief Commercial Officer
  • CRS report takes a hard look at challenges facing USCG
  • LNG fueled research ship to have Wartsila engines
  • Grand Bahama Shipyard: Not just cruise lines in customer list

Lloyd's Listweb site
AUGUST 1, 2017
  • Rising Indian iron ore exports to benefit smaller bulkers
    Firm demand will guide dry bulk charter rate recovery
  • ITF condemns 'modern slavery' for crews of three abandoned Turkish-owned vessels
    Turkish company in breach of MLC guidelines, ITF reports
  • Gener8 plunges $82.6m into the red in second quarter
    Company hit by non-cash losses from vessels held for sale
  • Supramax bulker rally loses steam despite Black Sea support
    China prepares to open the way for US rice imports, raising hopes for tonne-mile demand later on
  • Hill Dickinson lures Burdass from CJC
    Lawyer switches firms to join former colleague
  • How lease financing carries both risk and opportunity
    D'Amico's High Discovery deal could be a case of viable financing but Italian owner needs to use prudence
  • Rolls-Royce invests in research amid weak market
    Company looks to autonomous ship ventures as first-half losses double
  • A token solution to no-shows
    Start-up offers blockchain-based system to bring discipline to shippers and carriers
  • Transnet announces new chief executive
    Shulami Qalinge steps up from being responsible for growth in international markets as group executive for strategy
  • GSL sees improving outlook
    Order discipline and scrapping to boost charter market fortunes
  • Hanjin's ghost still haunts Danaos results
    Company suffers $19.3m decline in operating revenues on ships previously chartered to the former Korean flagship carrier
  • LNG carrier spot rates hit $42,000 per day on Asian demand
    First unescorted merchant LNG vessel on Northern Sea Route to reach Asia via Bering Strait in 15 days
  • Shipbuilding slump continues to weigh on HHI profit
    Dearth of high-end and more lucrative newbuilding orders blamed for 50% drop in net profit
  • Asian shipbuilders take one step closer to IMO consultative status
    If successful, ASEF will start to provide technical advisory information and shipbuilders' views from 2018.
  • Strong Chinese demand boosts Matson results
    Company's expedited service to China continues to underpin container volume growth
  • Contractor loses at arbitration in dispute over Panama Canal locks construction
    Tribunal orders GUPC to pay over $22m in expenses and reimburse $900,000
  • Daily Briefing
  • Maritime UK draws up export strategy hit list
    Trade body eyes 'bigger slice' of government spending on export trade support

The Journal of Commerceweb site
AUGUST 1, 2017
  • Digital currency launched to reduce cargo no-shows
  • Rising LA-LB port truck turns a peak season warning
  • Maersk: No Brazilian trade recovery till 2020
  • Rising US freight volumes propel LTL building boom
  • Tax reform lifts Indian truck productivity
  • Matson: Speculative Jones Act capacity would pull down rates
  • Asia-Russia ocean rates to fall as import growth plateaus
  • Yusen Logistics posts loss despite higher volumes
  • Danaos still reeling from Hanjin collapse
  • Global Ship Lease bullish as profit rises
  • Mundra intermodal rail service restored

TradeWindsweb site
AUGUST 1, 2017
  • Teekay Tankers adds to board of directors
    Vancouver-based tanker owner adds seventh member to board of directors
  • Milaha reports profit in still difficult market
    Profit declines across board, but it is taking steps to position itself for survival.
  • Seaspan hands reins to new leadership
    Conference call features new chairman and questions about new direction for containership company.
  • Tankers await impact of Shell refinery fire
    Rates for clean product tankers see gains in wake of fire at Europe's largest refinery.
  • Phillips 66 to ramp up US oil exports in 2018
    Major refiner and logistics company hits record in clean products exports for second quarter.
  • Ocean Response buys GOS anchor-handler
    Aberdeen owner takes modern vessel as Indian rival sells at a loss.
  • Royal Caribbean on the rise with bigger profit
    Miami-based cruiseship owner exceeds analyst forecasts; investors react positively.
  • Anchor-handlers surge past $100,000 per day
    Norwegian tonnage sells out as North Sea earnings spike again.
  • Gener8 Maritime mulls further S&P moves
    Tanker owner says more older vessels could be shipped out while modern asset values are 'compelling'.
  • Pinter joins board of Lloyd Fonds
    General manager steps up as chairman Teichert's deal renewed.
  • JP Morgan snaps up kamsarmax
    Bank pays $21.3m for ship from fleet of bust United Ocean Group.
  • Crude tanker flotilla worth $1bn has sunk to scrap value
    Figures show 83 VLCCs and suezmaxes are worth demolition price or less.
  • PACC Offshore loss down by almost 50%
    Singaporean offshore owner reduces its red ink in the second quarter and focuses on cost management.
  • Cochin Shipyard kicks off $229m IPO
    Investors have three days to buy into state-owned Indian shipbuilder.
  • Hill Dickinson brings in Burdass
    London law firm raids CJC again to recruit new legal director.
  • Gener8 Maritime scraps brace of suezmax tankers
    Demolition deals part of a raft of sales generating over $60m in cash for the shipowner.
  • CMA CGM starts Black Sea run
    Express service connecting Turkey, Romania and Ukraine to North Africa.
  • Fincantieri to manage STX France?
    French economy minister holds out olive branch to spurned Italian suitor.
  • Wintermar in the red but market picks up
    Indonesian offshore vessel owner says offshore oil activity is returning despite bigger first half loss.
  • Sir Anthony Colman passes away at 79
    Emirates Maritime Arbitration Centre pays tribute to its chairman and former High Court judge.
  • HHI in running for record breaking boxship order
    Seoul-listed shipyard competing with Chinese rival for container vessels of 22,000-teu.
  • DeepOcean snaps up France's Searov Offshore
    Norwegian owner aims to boost West African operations with ROV company capture.
  • SEA/LNG adds three members to make it 28
    Novatek, Sumitomo and Mitsui & Co are the latest companies to join LNG coalition.
  • Maersk Broker boss takes on 'Twitter Challenge'
    Anders Hald steps into the spotlight, with a 140 character limit.
  • SeaBird seals $37m refinancing with a warning
    Norwegian owner says it still needs additional funding to continue operations.
  • Circle Maritime seals EBRD loan for ships
    Kazakhstan offshore operator banking $14m toward two anchor-handlers.
  • Shreyas Shipping breaks into bulk
    Indian boxship owner buying dry cargoships for contract with steel maker RINL.
  • Chelsea IPO 'three times over-subscribed'
    Philippines tycoon Dennis Uy says demand strong for $116m sale of tanker and ro-pax company's shares.
  • Shanghai plans cruise industrial park
    Chinese city aims to gain firm footprint in cruiseship building sector.
  • Swiber defaults again
    Offshore player unable to make Islamic coupon payment.
  • Rating upgrades for Korean shipping banks
    Reduced debt exposure to shipping has prompted improved ratings for Korea Development Bank and Export-Import Bank of Korea.

American Shipperweb site
AUGUST 1, 2017
  • House committee approves self-driving vehicle legislation, refines safety exemptions
    The first legislation in the United States that would govern the testing, manufacturing and deployment of self-driving vehicles has been un...
  • Norfolk Southern issues statement on tariff changes
    Norfolk Southern Corp. (NS) has issued a statement regarding changes to its demurrage, accessorial and switching tariffs. NS Vice Presiden...
  • Danaos earnings sink 54.7% in Q2 2017
    Danaos Corp., a Greek independent containership owner, recorded a net income of $20.2 million for the second quarter of 2017, tumbling 54.7...
  • Executive Moves: AA Cargo, USA Truck and Transnet National Ports Authority
    Source: Pressmaster/Shutterstock American Airlines Cargo appoints managing director, global and key accounts - cargo sales; USA Truck names ...
  • Panama Canal wins $192.8m arbitration ruling
    Panama Canal Authority (ACP) CEO Jorge Quijano said a Miami-based arbitration board has rejected a demand by Spanish-led Grupo Unidos por e...
  • SCPA to utilize barges to reduce trucking congestion
    South Carolina Ports Authority (SCPA) has developed a plan to reduce truck traffic on local highways by utilizing barges between Wando Welc...
  • Baltic Exchange to shut down Baltex
    The London-based Baltic Exchange, which has long compiled indexes for dry bulk and tanker markets, said Monday it will close its freight de...
  • DHL launches end-to-end semiconductor logistics offering
    DHL has launched a suite of semiconductor supply chain solutions with expanded teams in Europe, Asia and the United States, the internation...
  • Amazon looks to fill over 50,000 jobs in one day
    Seattle-based e-commerce giant Amazon appears to be pushing ahead with its rapid growth strategy, saying last week it will be hosting its f...

The Bunker Bulletinweb site
AUGUST 1, 2017
  • Crude snaps six-day rally as traders await inventory data
    Crude futures retreated on Tuesday from two-month highs after the dollar firmed, sparking selling pressure ahead of weekly US inventory reports expected to show across-the-board declines.
  • European HSFO cracks drop to 6-week low on stronger crude
    European fuel oil crack spreads weakened to a six-week low this week on the back of a stronger Brent crude complex.
  • HSFO barge backwardation firms despite high ARA stocks, closed arbitrage
    High sulfur fuel oil FOB Rotterdam barge backwardation has steepened amid strong demand in Europe and despite high stocks and a closed arbitrage to Singapore, sources said.
  • Bunker fuel at Malta seen tight until weekend on high demand
    Availability of bunker fuel at Malta was tight amid strong demand and will remain so until the weekend, market sources said this week.
  • External: Wired Bunkering
  • Inatech sees 2020 sulfur cap driving bunker digitization
    Glencore-owned market software provider Inatech is relying on the increased complexity of bunker markets after 2020 to drive a move toward more sophisticated procurement strategies among shipowners.
  • FUTURES: Crude extends rally after US imposes sanctions on Maduro
    Seeking alternative sources of crude oil will also be necessary should Venezuelan crude imports be banned.
  • Iranian oil minister says Iran, Iraq committed to OPEC cuts
    Iran and Iraq are committed to OPEC's agreement with other international oil producers to maintain output cuts and support of global market stability, Iran's oil ministry news agency Shana has reported the country's oil minister as saying.

›››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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