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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:44 GMT+1
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BRIEFS
November 27, 2017
Sched Netweb site
  • Asia-Europe rate rises 0.7pc to US$694/TEU, falls 12pc to USWC
  • Rodolphe Saade takes the helm at CMA CGM after solid Q3 result
  • Zim's record peak season volume lifts result in major turnaround in profit
  • OOCL cancels Trans-Atlantic sailings over Christmas and New Year period
  • Hong Kong launch of war risk insurance syndicate for Asian shipowners
  • British ship insurer prepares for Brexit fallout
  • MCI wins contract for 3,700 reefer containers from Hapag-Lloyd
  • Maersk starts service to transport fruit from NE Brazil to Europe
  • SecureSystem brings smart shipping container technology to US
  • CEVA Logistics reshuffles senior line-up after departure of Helmut Kaspers
  • MNX boosts healthcare supply chain offering with Logical acquisition
  • ACS Q3 revenues boosted by income from hurricane response work
  • Smiths Detection's explosives trace detector gets TSA approval

Exim Indiaweb site
NOVEMBER 26, 2017
  • Appositeness of the Doctrine of "Necessaries" as "Maritime Lien" for ship arrests
  • CMA CGM registers continued increase in volumes & revenues in Q3 2017
  • Maersk Line imports first-ever consignment of frozen fruit juice into NCR
  • No pollution detected at sight of vessel sinking off Mumbai coast
  • UK Autumn Budget seen having preserved stable tax regime for shipping
  • Maiden RoRo export shipment of trucks flagged off from Kolkata Port to Bangladesh
  • Port of Halifax delegation visits JNPT
  • APM Terminals Inland Services expands to serve industrial belt around Pune
  • Avvashya CCI Logistics commences operations at Bhiwandi warehouse
  • Merchandise Exports from India Scheme enhanced for two sub-sectors of textile industry
  • Centre approves over INR 1 lakh cr. worth shipping & highway projects in Tamil Nadu

International Transport Journalweb site
  • Spies amongst the clients
  • Ethanol truck benefits French hauliers
  • Maintaler opens new branch office
  • PSA educating personnel for new Tuas mega port
  • Switzerland: bigger slice of pie for railway
  • Noatum in Bilbao opts for two new RMGs
  • Osprey fleet reaches operational milestone
  • Bolloré strengthens ties with Thales
  • Finnlines' lengthening project proceeding apace
  • Port of Barcelona pushes e-mobility
  • Blackburn to lead BVL from 1 January
  • Preparing Iran's airports for natural disasters
  • One million Renault trucks from Normandy
  • New technology to improve trans-Australia railway
  • Board reshuffle at DVB
  • New air cargo complex in central eastern India
  • Q3 strong for Zim

IHS Maritimeweb site
NOVEMBER 24, 2017
  • Emerging economies driving car market growth
  • Jacques Saadé hands over CMA CGM chairmanship to son Rodolphe
  • Deutsche Asset Management invests in Italian towage leader Rimorchiatori Riuniti
  • Belt and Road: What's in it for marine insurance?
  • New North American sanitation rules for containers could go global
  • KDB issues refund guarantees for three of STX O&S' tanker orders
  • Successful litigants can be made to pay for bypassing mediation
  • Chinese LNG imports could see winter spike
  • Sungdong management, provincial authorities seek self-rescue

The Loadstarweb site
NOVEMBER 24, 2017
  • Transpac fears as pressure on spot rates hardens, but Asia-Europe is calmer
  • Pilots put brakes on Air Canada-Cargojet freighter partnership
  • Damco increases its footprint to keep pace with growth in Myanmar
  • The complete package: Black Friday and Christmas logistics
  • HNA Group acquires Australia's AHG refrigerated logistics unit
  • Neil Grant-Hunter quits Air Canada after 30 years to join Swissport
  • Lars Jokumsen takes over DSV shortsea operations
  • Ex-trucker has some questions on Tesla's Semi
  • MSC eyes stake in Russian cargo major Transcontainer

Marine Logweb site
NOVEMBER 24, 2017
  • River cruise vessel market continues expansion

Lloyd's Listweb site
NOVEMBER 24, 2017
  • Sovcomflot adopts prudent approach to LNG bunkering
    Leading tanker player to operate more than 10 dual-fuel aframaxes in coming years
  • Rodolphe Saadé steps into father's role at CMA CGM as founder moves aside
    Jacques Saadé hands over chairmanship to son as French carrier reports strong growth in third quarter
  • UK Club to set up Netherlands subsidiary to secure passporting rights
    Move follows North and Standard's decision to opt for Dublin as Brexit talks make limited progress
  • Rate slides putting downward pressure on Asia-Europe contract negotiations
    Lines now relying on a healthy December and pre-Chinese New Year spike to boost shipper talks, say analysts
  • Daily Briefing
    Offen held rescue talks with Kortüm just before $600m debt write-off
  • Cautious optimism for Hong Kong's maritime future
    The Greater Bay Area initiative to create a regional 'super-cluster' of cities will require some give and take for all...
  • On the bus ride to digital disruption
    Maritime digitalisation is a one-way journey that has no clear path and no set timeline
  • Container lines: Prospects brighten against backdrop of more consolidation
    Merger and acquisition activity will continue to reshape the box trades in the coming year
  • Euronav and DHT sell their oldest VLCCs
    VesselsValue reports asset player Ridgebury Tankers picks up the four vessels built in the early 2000s
  • President of Hanjin's affiliated university to face disciplinary measures
    South Korean authorities said Choi Soon-ja failed to provide tangible evidence to support purchase of corporate bonds
  • Canada inks pact with IMO on Polar Code implementation training
    Nation to fund four regional training workshops run by the International Maritime Organization
  • The man behind Bocomm Leasing
    Inter-lessor asset trading to increase and leasing houses will have to get used to lower margins ahead, says chairman Chen Min
  • Hong Kong-Singapore maritime rivalry continues at Mare Forum
    Tax benefits and initiatives to nurture younger maritime professionals in both cities among key topics
  • Adoption of LNG as a marine fuel slower than anticipated, says DNV GL
    But turning point for LNG uptake is approaching
  • Antwerp port and Belgian authorities invest in digital data platform
    Port authority to take 75% stake in NxtPort, with FPIM taking 25%
  • Hong Kong shipowners call for a statutory body to guide industry
    Independent maritime authority with ample resources needed to deal with rising competition in Asia
  • Vitol has a new head of shipping
    Kit Kernon has gradually taken on responsibilities in the commodity trader's shipping unit

The Journal of Commerceweb site
NOVEMBER 24, 2017
  • Leadership change at the top of CMA CGM after solid Q3 result
  • Brownsville port looks to energy traffic for growth
  • New challenges await Gulf ports, inland networks post-Harvey
  • Black Friday demand bolsters booming air freight shipments
  • Visibility tools key to combating supply chain disruption
  • DP World strengthens Mundra as market tightens
  • Black Friday plunge for trans-Pacific spot rates

TradeWindsweb site
NOVEMBER 24, 2017
  • MPC Container Ships takes $130m fleet
    Olso-based boxship owner uses freshly raised equity capital for new acquisitions.
  • Rodolphe Saade takes chairman's chair at CMA CGM
    Change sees founder assume a back seat and comes as Marseilles-based company returns to profit.
  • Ridgebury Tankers spree shows there is life in old VLCCs
    DNB Markets analyst calculates how veteran crude tankers can make money and avoid the scrap heap.
  • AM Nomikos continues to cash in MEP fleet
    Greek owner believes to have sold brace of modern bulkers to Zodiac Maritime.
  • Oceanteam reveals row with KPMG
    Auditor quits after OSV owner suspended its services earlier this month.
  • Korea Ship Finance VLCC sold for demolition
    Korea Ship Finance has sold its sole VLCC for demolition, TradeWinds understands. Sources say the 298,000-dwt OS Arcadia (built 1996) has been sold as is in Singapore for $420 per ldt or $17.7m. The ship is set to be resold to Bangladesh. Yesterday brokers said the tanker was close to being sold for $405 per ldt. The ship is to be delivered either late in December of mid January. Kor
  • Sado Steam Ship sees loss grow
    Japanese ferry owner further in the red despite higher revenue.
  • Graft charges ordered against Baseco directors
    Philippines ombudsman makes allegations of cash withdrawals without valid documentation.
  • Hoegh LNG ends Pakistan FSRU deal
    Hoegh LNG has axed a contract in Pakistan that would have employed an FSRU newbuilding. Much speculation has surrounded the fate of the charter since ExxonMobil pulled out of the project. Hoegh LNG shares slide on ExxonMobil move Today Hoegh LNG confirmed the the termination of the deal signed in late 2016. It was planning to use one of its three newbuildings on the project and today repeated
  • DCI turns around six-month loss
    Indian state dredger owner back in black as revenue grows.
  • BW Offshore notes increased demand for new FPSOs
    Positive commentary comes as the Oslo-listed company wheeled out solid third quarter financials.
  • Shell takes Mokster PSV on term deal
    Supply ship booked for at least four months by oil major off UK.
  • DHT Holdings sells trio of veteran VLCCs
    One buyer snaps up $66.5m bundle of tankers from New York-listed owner.
  • Sincere Navigation logs lower earnings
    Taiwanese bulker owner hit by fall in revenue in third quarter.
  • Svanevik quits Seadrill board
    Orjan Svanevik has resigned his board seat at John Fredriksen's Seadrill. Svanevik is stepping down as a director just a few weeks after ending his short executive stint at Seatankers. The former Aker executive has held directorships with Fredriksen companies since 2014. This September he was appointed chief operating officer of Seatankers but left just five weeks later following a disagreem
  • Malaysian owners eye $709m fund
    Government also lines up tax breaks for fleet expansion.
  • Navios Partners tipped to scrap oldest bulker
    Cash cow bulker bought back in 2002 now heading for the breakers' beaches.
  • WEB TV: ferry demolishes building
    Pelni ship ploughs into port office in Indonesia
  • Tankers still on course at James Fisher
    UK owner says recent positive performance maintained so far this year.
  • Moody's upgrades Navios after bond sale
    Ratings agency says new debt addresses maturity of 2019 issue.
  • Standard Drilling expects OSV upturn in spring
    Oslo-listed company's loss grows in the third quarter.
  • Euronav makes $7.7m profit on VLCC sale
    Owner confirms departure of 2001-built Artois to Ridgebury.
  • Finnlines receives first "jumboised" ro-ro
    Shipowner says lengthened ships will cut energy consumption per transported unit.
  • Cosco Shipping capesize fined for speeding
    Canadian authorities penalise three more owners for not respecting Gulf of St Lawrence restrictions.
  • Silver Cloud maiden Antarctica voyage cancelled
    Silversea expects recently converted vessel to be ready for next departure on 1 December 2017.

American Shipperweb site
NOVEMBER 24, 2017
  • Eimskip Q3 earnings sink amid higher revenues
    Icelandic shipping company Eimskip reported net earnings of 8.8 million euros (U.S. $10.4 million) for the third quarter of 2017, falling 6...
  • Milaha lunches feeder service between Sri Lanka, Bangladesh
    Qatar-based maritime transport and logistics conglomerate Milaha is launching a direct feeder service between Sri Lanka and Bangladesh, the...
  • CMA CGM: Four ships currently under construction will be French-flagged
    French container carrier CMA CGM said Nov. 21 that it's future flagship, a 20,600-TEU container vessel, will be named CMA CGM Antoine de Sa...
  • Port of Vancouver USA approves $68.5m 2018 budget
    The Port of Vancouver USA's board of commissioners has unanimously approved a $68.5 million 2018 budget for the port, $16.7 million lower t...
  • Intermodal rates inch up in October
    North American intermodal rates in October inched up 1.9 percent from 12 months prior, according to the latest Cass Intermodal Price Index,...
  • ATA: Truck tonnage ticks up 3.3% in October
    Domestic truck tonnage in October ticked up 3.3 percent from the previous month, following a 1.9 percent monthly decline in September, acco...
  • Antwerp Port Authority acquires pipeline operator in $51.7m deal
    The Antwerp Port Authority will acquire pipeline operator Nationale Maatschappij der Pijpleidingen (NMP) from its current shareholders, Ack...
  • NRF: Organized retail crime continues to grow
    Organized retail crime is on the rise, according to the NRF. Organized retail crime (ORC) continues to be a growing problem, according to a...

The Bunker Bulletinweb site
NOVEMBER 24, 2017
  • S&P Global Ratings sees $55/b Brent next year
  • Fuel oil stocks at ARA hub fall on week on VLCC loading: PJK
  • External: Wired Bunkering
  • FUTURES: NYMEX crude rises on Keystone pipeline outage

›››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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