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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:52 GMT+1
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BRIEFS
March 22, 2017
Sched Netweb site
  • DP World 2016 profits up 6.2pc to high of US$1.12 billion
  • Spanish parliament votes down EU port right-to-work edict 175-142
  • CMA CGM posts range of new Asia-North Europe/Med rate hikes for April
  • UK's port volumes drop 3pc in 2016 to total 473.5 million tonnes
  • Panama Canal launches scheduling, resource management system
  • Wilmington draws Asia-US east coast service operated by THE Alliance
  • SM Line launches intra-Asia service with another two within a month
  • Port of Durban to spend US$1.1 billion on infrastructure over 7 years
  • Kenya denies permits to test GM corn because of a standing import ban
  • 500 lbs of marijuana seized on vessel in San Pedro Bay, Los Angeles
  • ATI's 2016 profit up 8pc to US$38 million as volumes hit records
  • Singapore Airlines mulls US$79.9 million provision to pay EU price-fixing fine
  • DHL aims to achieve CEIV status at 7 stations across the Americas
  • Software boss to lead probe into Brexit impact on air cargo sector
  • SATS sells 51pc stake in SATS HK and 4pc in AAT to HK Airlines
  • LATAM back in black despite 6pc revenue decline as cargo falls 7.7pc

Exim Indiaweb site
MARCH 21, 2017
  • Bahri expands presence in North America by opening first office in Houston
  • Expanded Panama Canal welcomes 1,000th Neopanamax vessel
  • Govt reaffirms commitment to develop inland water transport
  • London P&I Club supports appointment of warranty surveyors for deck cargo loads
  • ZIM to expand Asia-USEC service portfolio by adding two new port calls
  • Additional rail service from Antwerp port to Rhine-Ruhr-Main region in Germany
  • Delegation from US Consulate & American Chambers meet JNPT officials to explore investment opportunities in India's first port-led multiproduct SEZ
  • Kandla Port laying stress on cleanliness & repairs
  • Minister of State reviews dredging, port activities & National Highways projects during Vizag visit
  • No FDI forthcoming in ports sector in first three quarters
  • L&T bags high-value projects in India & abroad
  • New food import regulation in force
  • REFUND IN GST LAW

International Transport Journalweb site
  • Growing markets
  • Schmidt-Gevelsberg ahead of Lebert and BTG
  • Testing "clean" locomotive in California
  • Cable reels and sockets for DIY aficionados
  • IoT expert for Savi
  • London P&I - remedies for risks from deck cargo
  • Warehouse number 5 in Lion City
  • Trimodal from Austria to Helsinki
  • Top tier change at HMF Ladekrane
  • Brexit causing concerns for aviation industry
  • Promising start to year for SCPA
  • Stellar results: a million plus instead of a loss!
  • Nagel-Group says farewell to CEO
  • Carrying world's best racehorses to Dubai
  • ZIM adding ports of call to network
  • More investments in pharma sector

IHS Maritimeweb site
MARCH 21, 2017
  • Sovcomflot 2016 profit falls, but specialist business cushions effect
  • Rickmers Maritime given 15 April restructuring deadline by main creditor
  • Lloyd's consortium to target newbuilding risks
  • North of England P&I urges members to watch bunker deliveries in Singapore
  • DSME stakeholders must share losses to get more bailouts
  • Bankers see rising Wall Street access for shipping
  • Dry bulk sentiment is soaring in New York
  • Downward pressure continues for VLGCs
  • Dry bulk freight recovery boosts ship sales
  • US outlines cyber path forward at CMA
  • Keppel FELS novates Transocean rigs to Borr Drilling
  • Seven interested buyers for Goseong O&S

The Loadstarweb site
MARCH 21, 2017
  • US forwarder offered 'personal shopper' service to evade tough export regulations
  • Shareholders demand change at DX Group - chairman Holt in the crosshairs
  • Asia-Europe shippers 'over a barrel' as carriers use capacity crunch to hike rates
  • Analysis: breathing is harder for box lines as they climb higher debt mountains
  • Hi-tech new blood won't disrupt air cargo, it brings new life
  • Trying to make sense of the new US travel ban

Marine Logweb site
MARCH 21, 2017
  • Bahri opens second North American office in Houston
  • VIDEO: VT Halter launches Crowley ConRo
  • Borr to take over Transocean jack-up newbuild contracts
  • Damen external BWTS receives IMO Type Approval
  • MAN Diesel & Turbo to power Royal Australian Navy oilers

Lloyd's Listweb site
MARCH 21, 2017
  • US Justice Dept subpoenas Box Club members
    Top container lines caught up in investigation into global container shipping industry
  • Marshall Islands Registry leaps to second place
    CMA 2017: Influx of bigger crude tankers boosts tonnage alongside bulk carrier growth
  • DryShips eyes sea of opportunities for deploying capital
    Sources close to George Economou dismiss rumoured moves for TOP Ships and Heidmar as nonsense
  • Supramax bulkers continue to firm
    Nickel ore to China dominates reported spot trades
  • Minoan seeks explanations from 48%-owned affiliate Hellenic Seaways
    Grimaldi's Greek subsidiary posts higher profits as it chases takeover target
  • UK Treasury discussing boost for training spending, MP claims
    Unions and owners united in wanting SMartT budget doubled to £30m a year
  • Maersk and MSC reassure anxious US customers
    2M partners confirm terminal calls in LA-Long Beach after local confusion
  • Half-sunken ferry eyesore removed from Piraeus
    Contractor Antipollution SA tows away Panagia Tinou for demolition
  • Forwarders find solutions for Europe-Asia capacity crunch
    Shippers seek southern ports as alternative as low draft on Elbe compounds eastbound ocean freight space shortage
  • Zhonggu Shipping applies for delisting
    Chinese domestic shipping line is said to be seeking backdoor listing in Shanghai or Shenzhen
  • Markel hires Novella from XL Catlin
    Industry veteran appointed assistant cargo underwriter
  • Owners could fall foul of US cyber law
    CMA 2017: Non-compliance with proposed Act could invalidate shipowners' insurance and bar them from ports
  • Korean authorities ask DSME bondholders to take a haircut
    Additional financial aid contingent on such a move
  • Georgia Ports Authority reports 8% rise in box throughput for February
    Total cargo volumes rose 10% to over 2.94m tonnes in the month
  • International Dockworkers Council calls off port strikes this week
    Move comes as Spanish government's port labour reform proposals were shot down in parliament
  • Shipping IPOs will return
    Public offering to likely come from the dry cargo segment, says Capital Product Partners' Jerry Kalogiratos
  • Are product tankers the next big bet?
    Listed owners paint a rosy outlook as freight markets show signs of recovery
  • Let the next great cycle in dry bulk shipping begin
    US-listed bulker firms are back in expansion mode
  • Euroseas targets feeder boxships over bulkers for acquisitions
    Bulker buying interest curbed by recent increases in secondhand prices
  • Guangzhou Port Co firms up $230m IPO in Shanghai
    New shares issued will account for 11.3% of the company's total equity
  • Rolls-Royce inks pact with Stena to develop vessel safety system
    Product to be made commercially available later this year

The Journal of Commerceweb site
MARCH 21, 2017
  • Shippers increase spend with largest US trucking firms
  • DOJ's carrier investigation targets 'gray area' of oversight
  • New alliance uncertainty slowing trans-Pacific contracting
  • Crowley launches first LNG-fueled ship for Puerto Rico trade
  • VIDEO: Multiple avenues to shipper-carrier cooperation
  • NYSHEX gets $8.5M ahead of launch
  • St. Lawrence Seaway opens amid optimism, policy issues
  • Alliances favor big volume Asia-North Europe shippers
  • Rickmers Maritime faces HSH Nordbank restructuring deadline
  • Current container ship capacity enough for years, Maersk says

TradeWindsweb site
MARCH 21, 2017
  • CMA 2017: VLCC rates flat through 2018
    High supply and cargo competition keeping tanker rates weak.
  • Dry bulk debated: Is the rise here to stay?
    Broker on CMA panel says jump is only temporary, while two owners feeling optimistic.
  • Norton Rose betting on bullish BC outlook
    Law firm's transport practise head, Harry Theochari, says eastward shift of trade will favour Vancouver hub after merger with Bull Housser.
  • CMA 2017: Trump's not favouring shipping
    Blank Rome partner says first policy moves are more risk than reward for shipping.
  • Former RS Platou investors in $45m Clarksons share sale
    Selldown comes with shipbroker's stock at record highs.
  • DNB Markets: Teekay to combine tanker siblings
    Teekay Tankers will make a bid for TIL before end of 2017, analysts suggest.
  • BDI winning run broken at 14 sessions
    Bulker rates slip from year-to-date highs as capesize and panamax markets pull back marginally.
  • USC expects $122m profit in 2017
    Russian state shipbuilder confident of positive result this year.
  • Kolesnikov sees investor appetite for Sovcomflot
    Chief finance officer confident of attracting shareholder interest when state pushes through shares sale.
  • Regulator warns that DSME creditors must share the pain
    Debt-workout programme looms for struggling shipbuilder unless all stakeholders take a hit, Korean watchdog says.
  • Two missing after tanker clash in Spain
    Fishing boat sank after collision involving Russian vessel off Barcelona.
  • FSL says it has sufficient cash for now
    Singapore owner positive after auditor says loss raises 'going concern' doubt.
  • Lloyd Fonds ups dividend as profit grows
    German shipping asset manager rewards investors after stronger 2016.
  • What's on Northern Drilling's shopping list?
    John Fredriksen's latest vehicle not expected to be short of distressed opportunities.
  • Au takes permanent role at Genting HK
    Founding CEO is back as group president of expanding cruise and yard company.
  • Three feared dead in tanker blast
    Chinese authorities rescue 13 seafarers from vessel off Shandong.
  • Clarksons Platou Securities tunes forecasts
    Tanker estimates cut amid view 2017 will be challenging but not disastrous, while demand growth spurs dry view.
  • EOL details $760m financial ties to Ezra
    Singapore owner remains in talks with banks after parent files for bankruptcy.
  • Wijnne Barends orders six in India
    Dutch owner picks Chowgule yard for new eco-cargoships.
  • Navios Partners seals $100m equity issue
    Greek owner closes the book on a growth capital raise led by Fearnley Securities.

American Shipperweb site
MARCH 21, 2017
  • Lineage Logistics partners with BluJay Solutions
    Lineage Logistics, LLC, a temperature-controlled warehousing and logistics company, entered into a partnership with BluJay Solutions, forme...
  • Transfix launches online load booking, rate negotiation capabilities for carriers
    Transfix, a New York City-based startup that pairs drivers and loads using an automated matching system, has introduced online load booking...
  • Seaspan expects to benefit from container shipping consolidation
    Seaspan, the largest independent containership lessor, believes it will benefit from the recent emphasis on consolidation, alliances and jo...
  • ATSB warns of lithium battery dangers following mid-flight incident
    The Australian Transport Safety Bureau is warning airline passengers of the dangers of bringing lithium batteries onboard aircraft after a ...
  • BP, HES International to develop tank terminal in Rotterdam
    BP andHES International signed a long-term contract to develop a tank terminal at the Maasvakte in Rotterdam, according to a joint press re...
  • Special Coverage: A public pricing model for forwarders
    Source: KANOK SULAIMAN / SHUTTERSTOCK.COM Ocean freight rates have long been considered the right purely of buyer and seller, a private pie...
  • WSJ: Amazon plans to offer air cargo shipping for Chinese sellers
    Source: Hadrian/Shutterstock In recent months, Amazon began handling ocean shipments to its U.S. warehouses from Chinese merchants selling o...
  • Industry groups urge Trump not to cut TIGER program
    Freight transportation industry groups are urging President Trump to rethink his proposed 2018 discretionary budget. The American Associat...

The Bunker Bulletinweb site
MARCH 21, 2017
  • US Gulf Coast HSFO reaches multiple fresh lows on tepid demand
  • ICE Brent holding onto narrow contango
  • ICE Brent/WTI spread widens amid focus on US production growth
  • TANKERS: VLCC earnings under pressure as fleet grows -- brokers
  • Marine fuel specialist Aderco International eyes new markets in Asia
  • FEATURE: USGC refiners set to win from the new bunker fuel spec
    North America has about 10% of the global bunker market, compared with Asia's 47% and Europe's 22%.
  • Malta bunkers tighten on high demand: suppliers
  • Newocean Energy's 2016 revenue, profit edge down on low auto-gas sales
  • TANKERS: Ice restrictions lifted in Baltic port of Ust-Luga
    Restrictions in place since February 16 in Ust-Luga, although charterers had been nominating ice-class vessels since December.
  • TRADER NOTE: Manimaran Sellappan leaves Clearlake Shipping after nine years
  • INTERVIEW: Astomos drives Japan initiatives for launching LPG bunkering
    Rebranding fuel status seen as key for LPG bunkering.
  • External: Wired Bunkering
  • Singapore-based Rickmers Maritime given until Apr 15 to submit restructuring plan to lenders
    Plan has to show its recovery would be greater than it being wound up.
  • FUTURES: Crude stable to higher on Saudi export decline

›››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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