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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
12:51 GMT+1
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BRIEFS
August 2, 2018
Sched Netweb site
  • ONE reports US$120m loss in Q1 but expects $110m profit in fiscal year
  • Cosco back to normal on US west coast after ransomware cyber attack
  • Russia's soaring box traffic slows, but still retains double digit growth
  • Renovation of Germany's longest canal completed to ease truck traffic
  • Savannah volume up 8.4pc in FY2018 to record-breaking 4.2m TEU
  • Old Dominion's profit up 66.1pc to US$163.4m as revenue rises 23pc
  • UPS quarterly profit up 7.3pc to US$1.5b as revenues rise 9.6pc
  • Boeing forecast contains warning: 790,000 new pilots needed in 20 years
  • ABC expands international network with freighter service to Ho Chi Minh
  • Emirates SkyCargo flies two Alfas to London for Gumball 3000 motor rally

Exim Indiaweb site
AUGUST 1, 2018
  • COSCO's takeover of OOCL establishes mega liner operator
  • Höegh proves perfect fit for out-of-gauge cargo
  • IWAI turns aggregator for cargo owners & shippers; launches dedicated portal
  • MOL takes delivery of LNG carrier for major contract
  • Shipping Corporation of India's first container vessel calls at Haldia
  • India looking at impact of US sanctions on import of oil from Iran, says Minister
  • Notional booking & speed money practices expected to cease
  • Outlook for global container port demand growth seen as positive
  • It is India that can primarily help Pakistan out of economic crisis, says note
  • RBI again raises interest rate
  • Avashya Foundation plants over 3,98,000 trees under Maitree initiative

International Transport Journalweb site
  • Sensible and makes sense

IHS Maritimeweb site
AUGUST 1, 2018
  • Sovcomflot LNG carrier transits Northern Sea Route in July record
  • Product tanker operators keep faith with market recovery despite deepening Q2 losses
  • Legal noose tightens around Venezuelan crude trade
  • Capesize period fixtures up as spot market firms
  • Hamad Port bucks boycott to boost throughput
  • Fujairah enquiries spike after tainted marine fuel sold in Singapore
  • Vale opts for scrubbers for 48 VLOC newbuildings
  • Chinese ship recyclers 'wiped out' by imminent regulations
  • Baleària to convert five vessels to LNG power

The Loadstarweb site
AUGUST 1, 2018
  • Can the world's ports and terminals take the strain as container throughput rises?
  • Analysts applaud record first half for 'top European transport pick' DSV
  • Air cargo market's wings clipped in June as growth and rates slump
  • CMA CGM hopes new mega-boxship bow design will be on the nose for economy
  • Strong Q2 for Aramex as demand for cross-border e-commerce grows
  • Truck driver shortage could be solved by paying for all the work they do
  • Cosco offers more advice for customers following cyber attack on Americas region
  • China's YTO Express to create hub at Jiaxing

Marine Logweb site
AUGUST 1, 2018
  • Sovcomflot icebreaking LNG carrier sets Northern Sea Route record
  • USCG Marine Board of Investigation to probe Stretch Duck 07 sinking
  • Royal IHC to modify McDermott pipelayer
  • Baleària to convert five ferries to LNG fueling
  • Deadly duck boat tragedy brings multiple law suits
  • OSG goes to Gunderson for 204,000 barrel ATB barge newbuild
  • Modern riverboat nears completion at Chesapeake Shipbuilding

Lloyd's Listweb site
AUGUST 1, 2018
  • Navios Containers buys boxship as it aims for Nasdaq listing
    The deal was announced as the company posted a second-quarter net income of $4.5m
  • Hafnia expects $19m benefit from sale and leaseback deal
    The lease agreement enables Hafnia to maintain a low-cash break even
  • Navios Partners acquires two bulker drop-downs
    Angeliki Frangou prioritises deleveraging and 'careful' bulker buys as partnership's results beat expectations
  • SC Lowy acquires non-performing loans from Monte dei Paschi
    SC Lowy says the portfolio of defaulted shipping debt comprises dry bulk shipping, crude oil carriers, an offshore support vessel...
  • OOCL to remain an independent brand, says Cosco
    Both carriers to continue to honour all their current commitments and contracts, while OOCL would 'not consider replacing shipping agencies...
  • Box terminal usage set to 'rise markedly'
    Drewry expects world container port throughput to grow by almost 240m teu during the next five years
  • New rules will keep a check on shipping supply growth
    The new regulations will penalise poor performers and older ships, while benefiting stronger companies with high-quality ships, says Pacific Basin...
  • Operation starts off Sweden to tow grounded K Line car carrier
    The Swedish Coast Guard warned that the hull ran the risk of being further damaged and that more oil could...
  • Shipping should review contracts before trade sanctions and Brexit bite
    Sebastiaan Moolenaar and Reinier Cobussen of Dutch law firm AKD say it is key for companies to be able to manage...
  • Daily Briefing
    ONE first-quarter losses impacts founding partners | Brightoil to dispose of marine transport business | Clarksons reveals extent of 2017...
  • Agritrade Resources sells VLCC for $22.5m
    The buyer is Singapore-based Da Shun Shipping, with delivery scheduled by August 7
  • DSIC leads bids for offshore windpower newbuild
    CSIC (Tianjin) Offshore Windpower Engineering was set up in June 2017 to seek opportunities in this fast-growing industry
  • DryShips axes dividend but cranks up share repurchases
    Diversified shipping company posts second-quarter profit versus loss in 2017

The Journal of Commerceweb site
AUGUST 1, 2018
  • End of Uber autonomous truck effort shows capacity relief still ways off
  • DSV posts record quarterly earnings, raises full-year guidance
  • Ocean Network Express posts loss in debut first quarter
  • Slideshow: Trans-Pacific peak season outlook
  • APM Terminals Pipavav ramps up ease-of-doing business pitch amid competition

TradeWindsweb site
AUGUST 1, 2018
  • Zafirakis on the up in Diana reshuffle
    Greek bulker owner also expands its board and executive team.
  • Small US shipyards receive $20m in federal grants
    The Small Shipyard Grant Program helps US shipyards modernize operations and improve efficiency.
  • Petro-piracy spikes in the Gulf of Guinea
    Nigerian pirates have kidnapped 35 seamen in 2018 so far.
  • Pacific Drilling board backs $1.5bn creditor revamp
    Deal would wipe out Idan Ofer equity interests, but his Quantum Pacific may yet get chance to present rival proposal to restructure driller.
  • PIL scraps boxship hit by fire in Singapore
    A fire damaged Pacific International Lines containership has been sent for demolition, brokers say. The 608-teu Salam Mesra (built 2007) was hit by fire earlier this month while anchored off Singapore's Marina Barrage. Reports say it took fire crews five hours to extinguish the flames.
  • Conti LR2 tanker still up for grabs
    The 105,300-dwt product tanker Sigma Integrity (built 2009) is circulating for sale but has not found any buyers yet, TradeWinds has learned. Latsis sets up new Marla Tankers management Hadjiyiannis resumes tanker shopping spree This is contrary to reports earlier this week that the vessel has already changed hands. Brokers have been reporting that the vessel was sold for $21.5m, with some me
  • Ardmore boss Gurnee sees buying window
    Owners able to service debt should consider MR purchases given "positive outlook" for product tankers
  • Navios Partners continues earnings progress
    Angeliki Frangou continues preparations for boxships spinoff and return to dry-bulk pure play as market recovery helps bottom line.
  • Sovcomflot LNG carrier clocks record NSR time
    Russian owner says voyage confirms economic efficiency of Arctic route
  • Danske Bank downgrades Ocean Yield amid FPSO risk
    Oslo-listed owner cut from hold to sell following charterer's move to close field.
  • Italian bank BMPS offloads bad shipping loans in record deal
    SC Lowy leads "largest-ever Italian shipping debt transaction" involving world's oldest bank.
  • Kalleklev takes Flex LNG reins with profit and growth in sight
    New head of commercial Marius Foss starts today.
  • First Ship Lease pair dropped into Heidmar pool
    Tanker brace added to Sigma Pool following end to bareboat deals with Torm.
  • Pacific Basin Shipping looks to work its 'magic' in S&P market
    Mats Berglund has a specific eye on second-hand supramax bulkers in next stage of growth.
  • Italy and France 'committed' to yard alliance
    Meeting of minds as consolidation of European shipbuilding takes major step forward
  • Rio Tinto sees big jump in iron ore shipments
    Capesize rates upturn aided by growth in Pilbara mines output
  • Overseas Shipholding Group inks order at Gunderson
    Barge contract is the company's second newbuilding move this month.
  • Navios Maritime Containers continues growth efforts
    Angeliki Frangou fronted company snaps up vessel number 26 with IPO in sight.
  • DryShips posts second consecutive profitable quarter
    George Economou-backed shipowner benefits from improved market conditions.
  • AMPTC seeks buyer for 15-year-old aframax
    Asset disposal would leave shipowner with no owned crude carriers in its fleet.
  • Matson sees better second-quarter results
    US boxship owner collects more revenue from both its ocean transportation and logistics businesses.

American Shipperweb site
AUGUST 1, 2018
  • National Cargo Bureau will inspect inbound containers
    The National Cargo Bureau has offered to help carriers inspect containers carrying imports to the United States to determine the extent of improperly declared or stowed cargo.
  • Optoro picks up $75 million in funding
    Optoro Inc., a Washington, D.C.-based provider of returns optimization software, has raised $75 million in new funding from equity investors, the company said in a statement.
  • UPS revs up electric truck testing
    UPS Inc. is partnering with Thor Trucks, Inc. to test the latter's fully electric class 6 delivery truck.
  • Container damage liability app launches
    PEIR, a mobile application designed to allow users to prove a lack of involvement related to damaged shipping containers and trailers, launched Wednesday.
  • Trump administration could hike tariff levels to 25 percent
    The Trump administration could raise the level of Section 301 tariffs threatened across $200 billion worth of Chinese imports from 10 percent to 25 percent, a source with knowledge of executive branch considerations told American Shipper Wednesday.
  • Surface Transportation Board pick gets panel OK
    The Senate Commerce Committee on Wednesday approved by voice vote the nomination of Martin Oberman to be a member of the U.S. Surface Transportation Board.
  • Tax cuts, volume growth boost C.H. Robinson
    C.H. Robinson saw its net income climb 43.3 percent year-over-year to $159.2 million in the second quarter of 2018, boosted by a lower effective tax rate in the United States and broad-based volume growth, according to the company's most recent financial statements.
  • DSV's second-quarter profits up 60 percent
    DSV's profits and net revenues for the second quarter of 2018 increased year-over-year with all three of the company's segments - air and sea, road and solutions - experiencing growth.
  • U.S. dumping duties readied for Chinese ribbon
    The Commerce Department is prepared to roll out dumping duties on certain decorative plastic ribbon from China.

The Bunker Bulletinweb site
AUGUST 1, 2018
  • Sonatrach set to launch London trading arm for IMO 2020: sources
    Company could be a player in the blending market to produce 0.5% sulfur bunker fuel.
  • SHIPPING: Capesize routes surged to multi-year highs due to Atlantic push
    Tonnage demand emanating from South Africa also, to an extent, added to the market's momentum.
  • TRADER NOTE: Managing Director Olivier Denappe leaves DME -- sources
    Denappe was managing director at DME since May 2017.
  • Danish bunker broker changes name to Liberty Marine Fuels ApS
    Hires Rune Pejtersen as managing partner and bunker broker.
  • Singapore Aug ex-wharf 380 CST bunker fuel term inked at MOPS plus $8-$10.50/mt
    Singapore is expected to receive only about 3 million mt of arbitrage cargoes from Europe and the US in August.
  • SUBSCRIBER NOTE: Platts launches Panamax North Pacific dry bulk TCE assessment
    The TCE assessments reflect the $/day pricing derived from the respective voyage rates published on a $/mt basis in Dry Freight Wire.
  • TRADER NOTE: Mustafa Salim, Ed Hamilton leave Trafigura North Sea desk
    Officially, Trafigura declined to comment.
  • TANKERS: Ardmore to raise $10.3 million through sale/leaseback to manage liquidity
    Has obligation to buy the Ardmore Endurance and Ardmore Enterprise at the end of the seven-year facility.

›››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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