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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
14:50 GMT+1
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BRIEFS
May 16, 2018
Sched Netweb site
  • CMA CGM rate up US$1,000/FEU in June from Asia to West Africa
  • Hapag-Lloyd narrows loss 40.9pc to US$40.8 million, sales soar 23.8pc
  • Fully automated Qingdao CT lifts 790,000 TEU in first year
  • PM opens Hutchison's 3.1 million TEU terminal in Karachi
  • Box shipping head haul rates weaken 5.5pc in March
  • US retailers call for delay in LA-LB PierPass flat fee
  • CMA CGM orders biggest ships ever with dual-fuel engines
  • Seaspan takes in second of four 10,000-TEUers for CMA CGM
  • Big stock slide hits US$63 billion Thai infrastructure plan
  • Fined US$1 million for bilge dumping off North Carolina
  • USDA expects record soybean exports, ignores trade row
  • Hong Kong's Hacis to convert western Pearl to air cargo
  • Boeing to buy air parts firm KLX for US$4.25 billion
  • UK re-introduces dogs to detect explosives in air cargo

Exim Indiaweb site
MAY 15, 2018
  • MSC expands intermodal shipping services via port of Trieste
  • Pre-peak Asia-Europe capacity outlook
  • SCI & MoS sign MoU for 2018-19
  • Sea Cargo Manifest & Transhipment Regulations, 2018
  • Govt mulling ways to provide incentives to merchant exporters
  • June gathering of the LNG industry to look at ship/shore interface
  • PSA's BMCT continues to provide employment opportunities to JNPT PAPs
  • A.S. Shipping expands presence in Asia by opening its own offices in Vietnam
  • Amendments in Appendix 3B of Foreign Trade Policy 2015-20

International Transport Journalweb site
  • German cabinet says "yes" to uniform road charges
  • PTC support for short line railroads in USA
  • Vienna celebrates 100 years of airmail services
  • Challenge for TUP
  • New satellite for KVH in Singapore
  • APL axes carbon emissions
  • More additions to locomotive fleet
  • Another location for Militzer & Münch
  • Savino Del Bene expanding in USA
  • Mixed bag of results for HHLA
  • "Sister airports" on show at Air Cargo China
  • Joint effort to extend "Belt and Road" network
  • Hacis + CKS set up strategic partnership
  • ITG Netherlands under new guidance
  • Hoyer Group achieves record turnover
  • Building up Zeebrugge-Scotland link

IHS Maritimeweb site
MAY 15, 2018
  • DSME profits even as Hyundai HI and Samsung HI see red
  • Tsakos Energy Navigation orders Aframax pair
  • Box ship sales slowing, timecharter rates still firming
  • Exmar concludes 10-year FSRU barge charter with Gunvor
  • Star Bulk Carriers acquires entire Songa Bulk fleet
  • Singapore O&M financials hint at cautious recovery
  • Kyklades cancels Sungdong's only remaining orders
  • South Korea rejects newbuilding subsidy claim
  • Updated: HMM posts first quarter loss but regains 50% stake in Busan terminal

The Loadstarweb site
MAY 15, 2018
  • P&O Ferries boosts capacity to compensate for lost Scotland-Europe freight link
  • Major forwarders begin the fight to get ahead in the digital supply chain race
  • CEVA unveils plans for relationship with CMA CGM as Q1 results satisfy
  • Investors worry as major box lines still falter on strategy for low-sulphur laws
  • No Brexit fears for Delamode as profits soar after IPO and acquisitions
  • FedEx Smith sees blockchain as 'next frontier' for logistics
  • Target experiments with faster supply chain strategy

Marine Logweb site
MAY 15, 2018
  • Austal to expand commercial shipbuilding capacity in Australia, Asia
  • Silversea Cruises orders a third Silver Muse sister ship
  • BIW lays keel of future USS Daniel Inouye (DDG 118)
  • Star Bulk swoops again: will buy Songa Bulk ships plus three more
  • Navy oiler to be overhauled at Boston Ship Repair
  • New cruise terminal would create tourism hub in Dubai

Lloyd's Listweb site
MAY 15, 2018
  • E-commerce giants will punish poor service by taking over themselves, warn freight forwarders
    Amazon and Alibaba are likely to eye up the possibility of taking over a carrier unless sector reliability makes them...
  • ONE's Nixon expects teething problems around booking to end this month
    Familiarising staff with NYK booking systems proved trickier than expected
  • Carrier consolidation proving little benefit to customers
    The problems will continue until carriers and shippers find answers together, says Nestlé head of global logistics procurement
  • Iran trade implications unclear, say forwarders
    Countries outside the US are trying to keep together the Iran deal without having the US on board
  • Court ruling against Essar in loading case clarifies liability rule
    Shipowner Agile emerges with complete indemnity after arbitration overturned
  • Cosco Shipping Singapore returns to profit
    Cosco Shipping International (Singapore) recorded a $2.1m net profit in the first quarter after the business restructuring
  • Will dragonflies delay the Elbe dredging?
    Attendees at Global Liner Shipping downplay significance of new intervention by NGOs
  • US sanctions expected to make NITC the main carrier of Iranian crude
    Maersk Tankers stops taking orders related to Iranian trades while some others adopt wait-and-see approach
  • Shipping consolidation 2.0
    Mergers and acquisitions have picked up pace since 2017 with six major deals valued at $4.7bn
  • Braemar's net loss widens after acquisitions
    Company posts a loss of £2.9m ($3.9m) compared with a '489,000 loss a year earlier
  • MOL booked over $500m losses from vessel chartering to ONE
    The losses cover the entire chartering period of the vessels but are adjustable based on annual changes of market conditions
  • Full effect of carrier consolidation forecast to come in 2019
    Rolf Habben Jansen expects further mergers in the months ahead, but not on the scale seen in recent years
  • DFDS raises $160m to finance fleet renewal
    DFDS bought UN Ro-Ro, comprising12 vessels and two port terminals, in April for about $1.1bn
  • Medium-size boxships facing extinction
    Focus on large-capacity containerships is likely to lead to a shortage of medium-sized vessels as current fleet ages, the Global...
  • Blockchain is 'a money-burning disaster'
    Lack of industry-wide standards means moves to digitalise are fragmented
  • Star Bulk to add 18 ships to fleet
    New York-listed Star Bulk says the acquisitions are expected to provide it with economies of scale
  • Angelicoussis to retrofit 36 vessels with Ecochlor ballast systems
    Greek owner opts to install the systems that can meet IMO and USCG regulatory requirements
  • Gener8 presents final results before merger vote
    Gener8 is granted debt covenant waivers until June 30 after non-compliance with interest coverage ratio

The Journal of Commerceweb site
MAY 15, 2018
  • ELD complicates US agriculture exporters' supply chains
  • Reporter's Notebook: US shippers seek high-tech link to capacity
  • Searching for trucks, BCOs turn to dedicated drayage
  • Mexican importers shift cargo from US West Coast to home ports
  • Higher fuel, charter costs pull down container line earnings

TradeWindsweb site
MAY 15, 2018
  • Nordic American Offshore widens loss
    Herbjorn Hansson-chaired PSV operator stays optimistic on North Sea market.
  • Star Bulk now 'dominant' dry bulk name
    Analysts praise acquisition of Songa fleet, but caution that benefits will accrue over time.
  • Tidewater not worried about competitors
    Restructured OSV owner sees itself at financial advantage as market begins to recover.
  • International Seaways nearer fleet renewal
    Diversified tanker owner sells more vintage tonnage in preparation for taking Gener8 VLCCs.
  • Borr taps debt market to buy unwanted rigs
    Offshore drilling rig owner issues first convertible debt offering as it waits to take delivery of five new rigs.
  • Mermaid rosy on 2018 despite return to red
    Thai-backed offshore ship operator expects offshore industry to be 'dramatically improved' as it registers a $6.18m loss for the first quarter.
  • Billung credits Clarksons as Star Bulk deal strips away Songa Bulk's 'boring' tag
    Executive opens up on deal that takes $1.2bn dry cargo giant to Oslo Capital Markets.
  • Kyklades pulls the plug on Sungdong aframaxes
    Greek owner cancels deal for five newbuildings after Korean yard files for receivership.
  • Cosco returns to profit for the first quarter
    Singapore-listed firm's late April predictions for positive results come true after acquiring two logistics businesses.
  • BP secures five Vroon OSVs over two years
    Oil major can extend ERRV charters to up to five years, Dutch owner says.
  • Kidwell confident of Braemar Response sale
    Chief executive says plan is to remain diversified as London-listed group prepares to offload casualty response activity.
  • TTA bulker profit hits eight-year high
    Thai owner says average daily rates jumped 46% in first quarter.
  • Navios Holdings racks up quarterly loss
    Major dry bulk operator sees improved top line and rate environment, but expenses overwhelm.
  • Blystad thinks outside box to continue bulker asset play
    Songa Bulk's failure to perform in capital markets like it did at asset play helped drive Star Bulk combination.
  • Silversea inks $381m ship at Fincantieri
    Monaco-based owner returns to Italian yard for third vessel in expansion drive.
  • CNOOC orders FPSO at Beihai Shipyard
    Chinese producer to expand its fleet with unit due in 2020.
  • German auction site hits S&P market
    All German on-line auction site has goal is to create a transparent sales and pricing platform.
  • DFDS raises $160m for U.N. Ro-Ro takeover
    Owner's private placement of shares significantly over-subscribed.
  • Eastern Mediterranean bulker survives second attack off Port Harcourt
    Greek owner confirms supramax has been targeted, but crew are unharmed.
  • Viken Shipping aframax holed in collision
    Tofteviken suffers nine-metre hull gash in New York clash with fishing vessel.
  • Commerzbank eliminates drag from ship finance
    Revaluation of maritime book sees lender cut out loan losses in first quarter.
  • Eidesvik strikes charter deal to 2025
    Owner extends Seven Viking agreement with Subsea 7 as it falls to loss.
  • Braemar finance chief standing down
    Louise Evans pursuing other interests after deciding not to stand for re-election at AGM.
  • Naves deal helps boost full-year results at Braemar
    London-listed shipbroker also sees technical business return to profit as shipbroking arm builds forward orderbook.
  • PSV player SD ready to profit from upturn
    Fleet of 20 vessels well-positioned to cash in on recovery, Martin Nes says.
  • Engelhart loses claim for non-existent cargo
    Lloyd's syndicate triumphs in court row over containers containing worthless copper slag.
  • New Zealand biofouling laws come into force
    New rules aim to protect marine environment and local aquaculture industries.
  • Austal gives green light to regional expansion
    Aussie fast ferry specialist to increase capacity at existing Philippines and Henderson yards.
  • Star Bulk Carriers to buy Songa Bulk fleet
    US-listed Greek owner also set to apply for secondary listing on the Oslo stock exchange.
  • Ezion to jettison jack-ups, tugs and barges
    Singapore-listed offshore vessel operator to dispose of assets facing low utilization.

American Shipperweb site
MAY 15, 2018
  • T.S. Lines boosts reefer capacity
    Taiwan's T.S. Lines Ltd. has purchased 1,000 PrimeLINE container refrigeration units from Carrier Transicold. Carrier said the purchase wi...
  • Gravity Supply Chain secures new funding
    Logistics technology startup Gravity Supply Chain has garnered $7 million in new funding from venture capitalist group Wavemaker Partners t...
  • U.S.-flag cargo on lakes down 14 percent in April
    U.S.-flag Great Lakes freighters moved 6.1 million tons of cargo in April, a decrease of 14 percent compared to a year ago. The April float...
  • SSA Containers president will receive Connie Award
    Edward Anthony DeNike, president of SSA Containers, a division of Carrix, and a 50-year veteran of the international shipping industry, wil...
  • Port of Oakland sets box import record in April
    Container volumes at the the Port of Oakland are up 2.9 percent to791,371 TEUs through the first four months of 2018 compared with the same...
  • Long Beach volume growth continues
    Port of Long Beach terminals handled 618,438 TEUs of containerized cargo in April, an increase of 10.8 percent from the same month a year a...
  • Canadian government invests in Montréal's port
    The Canadian government is dedicating $45.8 million Canadian in funding for road infrastructure adjacent to the port in the City of Montréa...
  • WTO members anxious about rising trade tensions
    Forty-one members of the World Trade Organization say they are concerned about rising trade tensions and the potential for a resulting incr...
  • Trump tells Commerce to get ZTE back in business
    As the Trump administration appears to be reconsidering its stance regarding Chinese telecom giant ZTE in the context of ongoing bilateral ...

The Bunker Bulletinweb site
MAY 15, 2018
  • ICE Brent/WTI spread reverses course, narrows slightly
    The ICE Brent/WTI spread narrowed Tuesday after having reached its widest level in three years Monday, as a steady climb in US production weighs on NYMEX crude, sending a strong signal to export more barrels.
  • ConocoPhillips 'not close' to recouping $2 billion of Venezuelan assets: CEO
    ConocoPhillips has begun the process of recovering over $2 billion in Venezuelan global assets that was awarded last month by an international trade court, but is "not close" to locating and taking back that sum, the company's CEO said Tuesday.
  • Bunker trading houses shouldering more financial risk in stronger market: sources
    Bunker buyers usually need a trading house with risk appetite to shoulder the financial risk, sources said.
  • FEATURE: Power sector's thirst for fuel oil after IMO low sulfur cap shifts bunker demand
    A vast amount of excess heavy fuel oil will be available at a hefty discount.
  • TRADER NOTE: Fuel oil trader Tan Ying joins China Merchants Energy Trading
    Prior to that, Tan worked with Sinopec Fuel Oil (Singapore) for seven-and-a-half years.
  • Ten tankers anchored, awaiting payment from PDVSA for refined products
    Payment has been coming, but very slowly, a source said.
  • OPEC has "buffer" capacity to cope with loss of Iranian barrels, says UAE's Mazrouei
    Iran is OPEC's third-largest producer with 3.83 million b/d of output in April, according to the latest S&P Global Platts survey.

›››File
FROM THE HOME PAGE
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
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
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
Signed the final agreement on the contract of port workers
Rome
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
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
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
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
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
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.
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
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
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.
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
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%
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%
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
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
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.
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
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
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%)
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
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
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
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.
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
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"
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
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
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
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
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
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
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%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
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.
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.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
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
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
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
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
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
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
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
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
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
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
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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