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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
November 26, 2018
Sched Netweb site
  • CMA CGM Q3 volumes up 5.5pc to 5.26m TEU, but net profit down 68pc
  • Hapag-Lloyd aims for 'quality, selective global growth and profitability'
  • Hapag-Lloyd to fit 10 vessels with exhaust gas cleaning systems next year
  • MPC Container Ships set for major scrubber commitment
  • Valencia box volume up 4.8pc to 5m TEU buoyed by strong imports
  • European study finds US-China trade war hits China harder
  • Kuehne + Nagel acquires Quick International Courier
  • Seafarers gain extra US$27 bringing minimum wage to $641 by 2021
  • Urumqi airport gets US$8.3b expansion as key stop on One Belt One Road
  • US pilots with AAWW, ATSG seek new work as dissatisfaction hits 80pc
  • SkyTaxi receives converted freighter from ATSG subsidiary CAM

Exim Indiaweb site
NOVEMBER 25, 2018
  • CMA CGM continues its growth in Q3
  • Hamburg Süd receives global freight award in environment category
  • Hyundai Merchant Marine organises trade meet in Ahmedabad
  • London P&I Club issues loss prevention guide for coal cargoes
  • The impact of alliances in container shipping
  • APM Terminals Pipavav trains local youth to be self-reliant
  • KGPL signs concession pact for greenfield port with AP govt
  • Integrated logistics plan in the works
  • Govt allows 5 pc MEIS benefit on export of non-basmati rice for the next four months
  • GST practitioners' exam postponed

International Transport Journalweb site
  • A port for the entire region
  • Embarking on construction of new box terminal
  • LNG master plan at Marseille Fos in action
  • One month ahead Christmas on Easter Island
  • Atlas Awards for Turkish players
  • Moldova Railways expands locomotive fleet
  • KSK buys new refrigerating equipment
  • Looking back on Utikad at Logitrans
  • Leipzig and Hanoi airports to work together
  • Dachser switching to 100% lithium-ion technology
  • Bolivian waterways opening up internationally
  • Innovative idea for transporting motorbikes
  • Hefty EUR 33.5 billion budget for CEF 2021-2027
  • CDO receives seat on Otto Group board
  • Siemens receives major order from Swiss Post
  • Shuttle connecting Spain and France
  • "Curiosity of the Day"
  • RFD keeps Chicago air cargo rocking

IHS Maritimeweb site
NOVEMBER 23, 2018
  • DEME sets sights on Orion delivery as offshore wind market to grow to USD50.5 billion
  • Kitack Lim re-elected as IMO secretary-general
  • Shell follows Conoco Phillips and sells stake in Greater Sunrise LNG project to Timor Leste
  • Indonesia softens foreign shipping restrictions on international trade
  • MEPC takes on ocean plastics
  • STX O&S eyes refund guarantees after sale of non-core assets

The Loadstarweb site
NOVEMBER 23, 2018
  • PE firm puts six operators together to form the UK's largest logistics company
  • Hapag-Lloyd jumps on the scrubber band wagon before they 'sell out'
  • German air freight sector calls for innovation and digitalisation push at Frankfurt Airport
  • Takeover of Ireland specialist GC Trans boosts Transuniverse European presence
  • Trade and politics split the fortunes of the two giants of Latin American trade
  • Market Insight: A Flexport-style disrupter, Salesforce is an 'SaaS' star that has changed the way we work and live
  • Fishing boats to small stores, Amazon will stop at nothing to win in India
  • Supply chain radar: All ready for CMA CGM's big day
  • Supply chain radar: Why Nestlé locked horns with ocean carriers

Marine Logweb site
NOVEMBER 23, 2018
  • Hapag-Lloyd to fit ten Hamburg class ships with scrubbers
  • ABB Turbocharging opens new branch in Zhoushan, China
  • Corvus Energy ups marine battery production capacity
  • Wärtsilä 31 retrofit promises big fuel cost and NOX emission reductions
  • Kitack Lim set for second term as IMO Secretary-General

Lloyd's Listweb site
NOVEMBER 23, 2018
  • The Interview: Tim Huxley
    Mandarin Shipping's chairman is slowly but steadily building up a platform to grow the business as an Asian-based tonnage provider...
  • IMO delays transparency reform debate
    Consideration of information access reforms will now effectively be pushed back to 2019
  • Diana Containerships posts net loss in third quarter
    The company trimmed its fleet to four vessels earlier this year and declared itself debt-free in July
  • Rising costs dent bottom line at CMA CGM
    French carrier saw revenues and liftings increase, but higher fuel costs took their toll. Meanwhile, the company intends to make...
  • Charter contracts and insurance coverage need revisions ahead of 2020, experts warn
    Senior Clyde & Co and Marsh chiefs note there are several unresolved and grey areas regarding insurance and contracts as...
  • Small bulkers present better asset value upside
    This month, handysize ships have been earning more than the larger capesize vessels, at about $10,000 per day compared with...
  • Brussels clears Antwerp of state aid charges
    Reducing compensation for missing minimum throughput volumes during the financial crisis was justified, rules European Union competition authority
  • Hapag-Lloyd hedges its bets on future fuels
    Compliant fuel will power 90% of the world fleet in 2020 as opportunity for scrubber installation disappears
  • Bumi Armada posts third-quarter loss as impairment charges bite
    Group is also taking steps to strengthen its balance sheet by refinancing debt
  • The Lloyd's List Podcast: Why shipping needs artificial intelligence
    Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
  • Rush to be 'low-sulphur ready' could trigger box charter rate surge
    Analysts and brokers are forecasting a surge of up to 30% in some sectors
  • Daily Briefing
    South Korea unveils $1.5bn fund for LNG-powered ships | Port leaders in Hong Kong prepared for 'monumental challenges' | Exclusive...
  • Daily Briefing
    2020 sparks box charter spike speculation, 2020 prompts contract caution, 2020 fuels Baltic review, 2020 see Hapag hedge, but if...
  • Nordic American Tankers sells two more ships
    Company sold 10 older vessels and bought three newbuildings in 2018
  • Baltic Exchange considers wording for dry bulk indices ahead of IMO 2020
    One suggestion by a hedge fund is to have two indices running in parallel for each segment

The Journal of Commerceweb site
NOVEMBER 23, 2018
  • Log-In rides Brazilian cargo shift from truck to cabotage
  • Managing fuel costs, CMA CGM leverages scale for profit
  • Embattled Europe rail focuses on boosting service, reliability
  • Eastbound trans-Pacific spot rate rally ends ahead of GRIs
  • PSA Singapore to double capacity at congested Chittagong

TradeWindsweb site
NOVEMBER 23, 2018
  • StealthGas strikes upbeat note on LPG market after Asian rate rebound
    Chairman Michael Jolliffe notes string of time charters came after upturn in fourth quarter.
  • CMA CGM sees third-quarter profit fall as fuel prices rise
    CMA CGM trumpeted the role of scale in helping it hit its financial targets despite a drop in its third-quarter bottom line. CMA CGM boosts stake in CEVA following takeover offer Saade: interest in Hapag-Lloyd at an end The French carrier posted a profit of $103.1m in the three months to the close of September, down by more than two-thirds on the same period a year ago. Rodolphe Saade, chief e
  • Tallink's Helsinki listing approved
    Estonian ro-pax group Tallink has been cleared to list on the Nasdaq exchange in Helsinki. Trading in the Finnish share depositary receipts of the company is expected to start on 3 December. The company decided to go for a secondary listing in May following a review, and will continue to trade on the Nasdaq Tallinn bourse. "We are very pleased that Nasdaq Helsinki has today approved our applica
  • Centrofin distanced from double tanker deal
    Reports linking Greek shipowner Centrofin with the purchase of a pair of LR1 tankers are off the mark, sources say. Norden tied to purchase of Diamond S Shipping brace Rumours in shipbroking circles are connecting the company with a $27m swoop for the Mercator Navigation pair. However, well-paced sources tell TradeWinds the company is not the buyer of the 74,000-dwt King Douglas and King Daniel
  • Fincantieri on shortlist for Uljanik partnership
    Italian yard giant has submitted letter of intent to Croatian government.
  • Wan Hai profit chopped by higher costs
    Taiwan's Wan Hai Lines has posted lower third quarter earnings despite higher revenue. The containership owner said net profit was TWD 462.82m ($15m), against TWD 1.28bn in 2017. Revenue rose to TWD 17.32bn versus TWD 15.81bn, but operating costs increased more quickly to TWD 16.1bn from TWD 13.42bn. Earlier this month, Wan Hai inked orders worth $900m for up to 28 container vessels to be bui
  • Eurotankers tied to fourth second-hand purchase of 2018
    Eurotankers is tipped to have added a suezmax tanker to its fleet to continue an active period of expansion for the Greek shipowner. The ship was said to have attracted the attention of over 10 buyers in what was a closely followed piece of business given the renewed interest around tankers. Yasa bags solid price on sale of LR2 as rate rises strengthen tanker values Eurotankers scoops up LR2 fr
  • RAL wins $34m KfW loan for new boxships
    Greenland owner taps German lender to fund Zamakona feeders.
  • Where are shipping's Black Friday bargains?
    Shipowners looking for a Black Friday bargain have options across the bulker, tanker and container sectors, according to researchers at VesselsValue. Its experts ran the numbers to find the ships, within the five-year-old band, which can be bought at the greatest discount to their average historical price tags. Moundreas makes first tanker order since 2007 for suezmax Diamantis Diamantidis stri
  • CSDC ditches $253m Bohai Bank investment plan
    A unit of Cosco Shipping Development Co (CSDC) has dumped a plan to increase its stake in China Bohai Bank in a CNY 1.76bn ($253m) deal. It said it would waive its right to subscribe for additional shares placed by the lender. In a statement to the Shanghai Stock Exchange, it added that the move was being made in consideration of capital layout and capital allocation efficiency. Shareholders ha
  • South African court orders sale of OSV
    The South African high court in Cape Town has ordered the sale of an OSV. The 381-gt support ship Taraska (built 2000) will be offloaded to pay claims in a case brought by Standard Bank of South Africa. The vessel is owned by Erongo Fishing of South Africa. Proceeds will be held in a fund to pay creditors. The vessel has been independently valued for the court at between ZAR 15m ($1.08m) and
  • Tanker utilisation stable at James Fisher
    Good progress being made in year to date, UK owner says.
  • Bumi confirms VLCC sale; seeks $500m refinancing
    Malaysian FPSO and OSV owner Bumi Armada has revealed a third quarter loss after impairments to its fleet and a VLCC sale. The company said the net deficit to 30 September was MYR 513m ($122m), against a profit of MYR 124m in the same period of 2017. Revenue was down at MYR 588m from MYR 641m. It booked an MYR 41.4m impairment from the sale for scrap of the 310,000-dwt VLCC Armada Ulysses (buil
  • Uljanik Plovidba fixes up more refinancing
    Croatian tanker and bulker owner Uljanik Plovidba has arranged more refinancing to lower its costs. It said it had signed a contract with an overseas company that replaces part of an existing loan. Uljanik Plovidba wins debt discount on MRs Remaining funds needed to refinance the facility will be secured from alternative sources by the end of the year, significantly reducing its debt exposure,
  • Tufton Oceanic Assets snaps up ship number eight
    Investment continues busy first year for London-listed company.
  • VIDEO: cargoship grounds on Ukrainian beach
    A cargoship has run aground on a Ukrainian beach. Watch the video here Footage showed the 3,100-dwt Orel-3 (built 1990) stuck on sand a few metres from shore at Zaporozhye. It got stuck on Thursday morning en route from Kherson. The cause is not yet known. The vessel is operated by Ukrrichfot of Ukraine.
  • Korea to order 140 LNG-fuelled ships to boost yards
    The Korean government and private companies are planning to order 140 ships powered by LNG to support small and medium-sized domestic yards. The scheme is part of a series of measures to help shipbuilders struggling for new contracts, the Yonhap news agency reported. Korea launches $360m smart shipyard plan The vessels will be ordered by 2025, including two next year. The deals will create a m
  • Nordic American Tankers sells oldest suezmaxes
    Herbjorn Hansson-led crude tanker specialist has now sold 10 ships in the year-to-date.
  • Hafnia Tankers sees third quarter loss more than double
    Danish product tanker specialist sees more red ink, but says rates have recently improved.
  • NYMEX and ICE to list marine fuel futures contracts
    Derivative instruments come 12 months ahead of introduction of new IMO sulfur limits.
  • Baota's 60-tanker project fails to materialise amid financial woes
    Chinese private refiner could not pass the credit checking for its bareboat charter project for 50-60 tankers, and its chairman Sun Hengchao is facing at least one criminal charge.

The Bunker Bulletinweb site
NOVEMBER 23, 2018
  • External: Global Risk Management
  • Iranian LPG loadings almost grind to a halt in Nov after new US sanctions: sources
    The initial shipping program showed only one vessel slated to lift a cargo.
  • Taiwan's Evergreen Marine seeks term HSFO from 2020
    The basis is Mean of Platts Singapore high sulfur fuel oil assessments.
  • Norway's Equinor, Global Petro Storage to build LPG storage in Malaysia
    Under the deal, GPS will build a new facility that is due to start operations around mid-2021.
  • TRADER NOTE: Bunker trader Shinya Higaki moves to Japan Gas Energy
    Shinya Higaki said that he has moved within the organization to Japan Gas Energy from Itochu Enex, after seven years in the industry.
  • CORRECTION: ICE to launch 0.5% futures contract in preparation for IMO 2020 global marine sulfur cap
    ICE plans to launch a range of new marine fuel oil futures contracts providing customers with a range of hedging tools to assist with the transition to the new IMO rules in 2020

›››File
FROM THE HOME PAGE
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%)
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.
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
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
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
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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