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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
October 26, 2017
Sched Netweb site
  • US antitrust regulators raise no objections to proposed Cosco-OOIL merger
  • MOL to levy US$200/TEU hike on cargo for Madagascar and Mozambique
  • Alphaliner points to signs of renewed optimism in container shipping sector
  • Navios Maritime spends US$20m on two 4,250-TEU containerships
  • Average ship age of Iran's main shipping line to drop with delivery of new freighters
  • China defends trade with N Korea to avoid hurting 'humanitarian needs'
  • Concerns expressed in Australia over joining 'Belt and Road' initiative
  • ICTSI to invest US$100m in Basra Gateway Terminal expansion in Iraq
  • Captain and five crew kidnapped from Dohle boxship off Nigereia
  • TIACA's new online tool aims to boost visibility and standardisation in air cargo
  • Cargolux passes IATA audit to renew operational safety certificate
  • Trinity and Etihad jointly launch B777F to Hanoi from Ohio

Exim Indiaweb site
OCTOBER 25, 2017
  • CMA CGM Group enhances its CIMEX 2E/IEX service with addition of Visakhapatnam call
  • Container shipping poised for impressive profit this year
  • Deep concern expressed on Canadian legislation seen interfering with international maritime trade
  • Panama Canal achieves record annual cargo tonnage in FY2017
  • Container throughput in Rotterdam port maintains strong growth rate
  • Port of Antwerp consolidates its growth in first nine months
  • EPCH hails GST notification to ease procedure for merchant exporters

International Transport Journalweb site
  • Second tube to be added to Gotthard road tunnel
  • Russia completes railway electrification schemes
  • Final mile solution for medical device sector
  • V. Ships' first operation in Shanghai
  • UPS driver sets record: 55 years without accident
  • Boeing flies to success in Asia
  • Trial train runs to Wolverhampton
  • "Nose loading B747 freighters" still playing their role
  • Duisport creates startport for start-ups
  • Mosolf scoops up 100% stake in SAT
  • Hooke from MIC to MQA
  • Panattoni leasing property to Rhenus
  • Basra gateway further developed by ICTSI
  • ACL Airshop to support Silk Way West's ULD tracing
  • Crane combines aerospace and life sciences leadership
  • Hazmat by rail from Europe to Asia
  • Unctad Maritime Review 2017 reveals imbalance on the seas

IHS Maritimeweb site
OCTOBER 25, 2017
  • IMO pushes back on allegations of corporate bias
  • Yara to continue shipping NPK fertiliser by sea following Cheshire casualty
  • Calls made for regulation of floating armouries
  • Creating value key to automation, says Wärtsilä
  • OSV owner-operator Go Marine Group enters administration
  • PCTC fleet expects modest growth and modernisation
  • SSY gets new head of tankers
  • South Korean agricultural co-operative loses USD96 million following Hanjin demise
  • DSME improving, Sungdong struggling, says Korea Eximbank chairman

The Loadstarweb site
OCTOBER 25, 2017
  • Charter market still very bad news for the NOOs as their losses mount
  • Lufthansa Cargo flying as profit turnaround continues and yields improve
  • FM grows its Asian footprint as it breaks into logistics hotspot Vietnam
  • Global expansion delivers the goods for ID Logistics in Q3
  • American Trucking Association analyses the growing driver shortage
  • Where should Amazon locate its new HQ? The experts weigh in
  • Nancy Matthews is Crane Worldwide's new VP aerospace and life sciences

Marine Logweb site
OCTOBER 25, 2017
  • Largest dry dock in Mediterranean is back in operation
  • Stena Line plugs in to shoreside power at another Swedish port
  • Goodbye Chris Christie, hello NJ offshore wind
  • IMO: We're run by countries, not corporations
  • Algoma Tankers hit by maritime union strike
  • Seatruck takes Do-It-Yourself approach to BWTS installation
  • Tekomar takeover adds to ABB's digital portfolio
  • Navieras Armas wavepiercer will have Wärtsilä waterjets

Lloyd's Listweb site
OCTOBER 25, 2017
  • Daily Briefing
    Korean bank struggles to get money back from shipping and yards
  • Gard reports half year result up 55% on benign claims
    Marine mutual announces no general increase in the advance call
  • Bait and switch
    Scorpio Bulkers must decide where it stands on the capital cycle and send a clear message to shareholders
  • Industry fights back amid environmental lobbying accusations
    Hapag Lloyd, Carnival, Vale and WSC reject criticism as IMO explains itself
  • Party congress takeaway: Bigger and stronger China state shipping conglomerates
    Overseas expansion will pick up pace as policy makers put emphasis on state-owned capital
  • Hijack ship costs subject to general average, Supreme Court rules
    Landmark case could open way for retrospective claims from owners
  • Atlantic MR earnings near 2017 lows but optimism for November remains
    Fronthaul tanker demand could be 30% higher next month than summer level, says Makai Marine Advisors
  • Boxship owners face massive impairments
    Falling value of vessels and charters has knock-on effect on shares of listed non-operating owners
  • Seaco firmly on the acquisition path
    Singapore-based box lessor undeterred by latest rebuffs, says chief executive Jeremy Matthew
  • Panamax index softens despite pickup in Pacific trades
    Market to remain strong unless there is a severe shortage in cargo availability, says broker
  • Golar LNG Partners aims to raise $138m from units offering
    Underwriters of the deal given 30-day option to purchase up to 720,000 more units
  • Last Word: A new hope for abandoned shipyards
    Tongyeong city plans to turn a shut shipyard into a tourist attraction
  • DP World sees third-quarter gross box throughput rise 13%
    Group cites substantial improvement to global trade outlook for its better figures
  • Bills to repeal or limit Jones Act for Puerto Rico look unlikely to gain traction in Congress
    Forces that kept US coastal regulations in place for over 225 years are still intact, say lawyers
  • Wärtsilä posts 9% rise in third-quarter net sales
    Continued weakness in the offshore segment and smaller volumes from service projects led to lower than expected sales growth in...
  • Korea's co-op federations reveal losses from Hanjin Shipping bond purchases
    Co-operative federations across South Korea recorded roughly $107.6m in losses from buying Hanjin Shipping corporate bonds
  • Scorpio Bulkers makes puzzling share offer, then cancels it
    Update: New York-listed bulker owner cancels offer of 10m shares due to unsatisfactory pricing
  • Costamare beats third-quarter profit estimates
    Boxship owner unveils 15 new charters at 'substantially higher rates'

The Journal of Commerceweb site
OCTOBER 25, 2017
  • DCLI snags TRAC's domestic chassis fleet
  • Continued innovation needed to defeat LA-LB congestion
  • NY-NJ chassis yard provides some interoperability
  • Storms snip US truck tonnage, but freight demand rises
  • Quality control specialist highlights speed-to-market dangers
  • Santos customs follows up week of slowdowns with strike
  • Multiple ship schedule changes undermine visibility
  • India to spend billions on road infrastructure
  • Halterm to expand Halifax terminal capacity with RTGs

TradeWindsweb site
OCTOBER 25, 2017
  • Milaha profit chopped in difficult market
    Earnings fall across company as it looks to control costs while remaining optimistic.
  • Evercore sees continued losses for crude tankers in 2018
    Market balance has not shifted far enough in the favour of shipowners, Chappell says.
  • International Seaways linked to $53m Gener8 Maritime VLCC
    Deal would mark the New York-listed owner's first VL purchase under its new colours.
  • Navigare shakes off chatter of debut boxship deal
    Addition of containership would have added to dry cargo and tanker buys.
  • Scorpio Bulkers rethinks equity issue
    Chief executive Emanuele Lauro explains decision to drop share sale plan.
  • Med's biggest drydock ready to go
    Forme 10 in Marseille targeting repairs of large cruiseships with new facility.
  • Gulf Navigation results stable in third quarter
    Tanker owner's bottom line comes down but operating numbers measure up well.
  • Time running out for bargain OSV buys
    Clarksons Platou says asset prices set to rise as confidence returns to beleaguered sector.
  • Courage wants piece of blockchain action
    Bulker owner mulls buying into technology company Dragon Net.
  • Stena drillship crewman dies in fall
    Seafarer was pulled from the water in Canary Islands, but could not be saved.
  • Demolition lags deliveries amid 'mixed outlook' for products
    Just 16 ships taken out in opening three quarters of the year, Banchero Costa says.
  • Vitol declares two VLGC options at HHI
    Trading and shipping giant brings series to four firm gas carriers at Korean yard.
  • Public boxship owners share $2.7bn write-off since 2010
    Impairments and losses on steel seen alongside drop in share price, report says.
  • Loss grows at Fred Olsen Energy
    Third quarter weaker as four of seven drilling units "smart-stacked."
  • Costamare scraps pair of 1988-built boxships
    Greek owner records small accounting gain on the veteran vessels.
  • Wartsila edges up earnings
    Cruiseship sector a bright spot for Finnish marine technology group.
  • ABG faces probe into non-payment of loan
    Court orders police investigation after complaint filed by Standard Chartered.
  • Golar Partners prices offering to raise $139m
    Partnership selling units at $25 each to build war chest or pay off debt.
  • 'Huge provisions' facing German lenders
    ECB crackdown on allowances for arrears could even push banks to fail, one director says.
  • Go Marine heads into administration
    But Australian owner says new investor could recapitalise company.
  • Heerema Marine to sack 250 staff
    Job losses part of restructuring effort at company hit by continued downturn in offshore industry.
  • Egypt launches 12-cargo LNG tender
    However, traders say move is bearish for global gas markets as they had been expecting more.
  • Scorpio Bulkers in surprise equity offering
    Deutsche Bank analyst describes offering as a bit of a head scratcher, given its balance sheet.

American Shipperweb site
OCTOBER 25, 2017
  • NEWS FLASH: DCLI acquires TRAC domestic chassis fleet
    Direct ChassisLink, Inc. (DCLI) has agreed to acquire the fleet of rival TRAC Intermodal's 72,000 domestic chassis, a major consolidation w...
  • PLAs helping ports, governments ensure construction projects run smoothly
    When the Los Angeles Board of Harbor Commissioners renewed a port-wide project labor agreement last month, it not only set the stage for wh...
  • Senators vow to move CBP commissioner nomination forward
    At the end of a nearly hour-and-a-half-long confirmation hearing before the U.S. Senate Finance Committee on Tuesday, Chairman Orrin Hatch,...
  • NAM president urges Ex-Im Bank chairman nominee to withdraw
    Jay Timmons, president and CEO of the National Association of Manufacturers (NAM), has made it no secret that he disapproves of former Cong...
  • Commerce, DHS partner to facilitate e-commerce, boost enforcement
    The U.S. departments of Commerce and Homeland Security have entered a memorandum of agreement (MOA) to work together to facilitate internat...
  • U.S. steps up GSP compliance oversight
    The U.S. government has launched a new initiative to ensure that developing countries benefiting from product-specific duty-free access to ...
  • U.S. blocks Peruvian timber company's shipments
    The Office of the U.S. Trade Representative has ordered Customs and Border Protection to block future timber imports from Peruvian exporter...
  • Amazon launches free, two-day Business Prime Shipping
    Amazon Business has launched a Prime membership service for businesses to provide the same free, two-day shipping service used by home-base...
  • DP World sees Q3 global container volumes jump 13.3%
    Dubai-based port terminal operator DP World Limited handled 52.3 million TEUs across its global portfolio of container terminals in the fir...

The Bunker Bulletinweb site
OCTOBER 25, 2017
  • ICE Brent/WTI spread above $6/b after EIA data shows crude
    NYMEX December crude settled 29 cents lower at $52.18/b. ICE December Brent rose 11 cents to $58.44/b.
  • US DATA: EIA says residual fuel oil stocks hit five-year low on USGC exports
    US residual fuel oil stocks for the week ended Friday reached a five-year low on a significant draw in the US Gulf Coast.
  • NWE fuel oil hi-lo Cal 20 swap interest surges to fresh 2017 high
    The calendar year 2020 fuel oil hi-lo swap -- measuring the premium of 1% FOB NWE cargoes over 3.5% FOB Rotterdam barges -- has surged to its highest level this year.
  • External: Praxis Energy Agents S.A
  • IMO rebuts 'corporate capture' criticism, says multiple viewpoints give balance
    InfluenceMap published a report this week accusing the IMO of "corporate capture".
  • External: Wired Bunkering
  • External: Global Risk Management
  • ANALYSIS: Saudi Aramco IPO scaremongering looks overdone
    Beyond Aramco's vast production of cheap crude there is political momentum behind the IPO.
  • TRADER NOTE: UK's LOC makes senior management changes
    Jerome Rutler to be new Group CEO.
  • FUTURES: Crude holds onto overnight gains on US gasoline stock draw

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
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.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
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
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
PORTS
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
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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