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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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BRIEFS
March 29, 2018
Sched Netweb site
  • Stake sale sends Cosco Ports profit soaring 183.2pc to US$$512.5 million
  • Kerry Logistics profit up 14pc to US$65.1 million, as revenue soars 28pc
  • Yang Ming back in black with US$10.78 million profit after $511 million loss
  • UN, especially EU, must scale back CO2 dreams or lose consensus: ICS
  • EPA plans to cast a forensic eye on environmental science claims
  • CMA CGM hikes Asia-North Europe rates, but cancels Kuwait surcharge
  • APL expands Asia-Latin America run with Mexico, S America, China loop
  • HAFFA chairman warns forwarders of hurdles facing logistics sector
  • Blue Water lands logistics contract for Liza project off Guyana coastline
  • EU approves IBM-Maersk commercialising blockchain digitalisation
  • DHL targets e-commerce with same-day next day delivery service
  • Deadline looms for lifeboat hook replacements to comply with UN rules
  • Port of Rotterdam invests in port railway line capacity expansion
  • Boeing delivers world's first 787-10 'stretch' to Singapore Airlines
  • Cathay and va-Q-tec signs rental agreement to move life-saving drugs
  • US Congress unanimously passes Air Cargo Security Improvement Act

International Transport Journalweb site
  • Moldova embraces digital transport with e-CMR
  • Steaming back into the profit zone
  • Footwear manufacturer relies on PSI
  • Remote trailer diagnosis on offer in Germany
  • Iran Air postpones two flights to Europe
  • Asia remains bright spot for Kerry
  • Paris airport nominates senior cargo manager
  • SAL Heavy Lift to begin regular services in Africa
  • Ukrainian Airlines enhances fleet again
  • CP to serve transload terminal in North Dakota
  • Geodis rolls out new online portal
  • HHLA acquires Transiidikeskuse in Estonia
  • Barig welcomes WDL Aviation as new member
  • Gulf Air adds capacity to East Africa
  • Cabooter launches new rail connections

IHS Maritimeweb site
MARCH 28, 2018
  • Hapag-Lloyd reports USD39.5 million net profit for 2017
  • UK government enlists expert team to form shipping strategy
  • Japan funds Alang shipbreaking yards' safety makeover
  • Shipbuilding activity picks up in early 2018
  • Fincantieri improves profit on record turnover
  • Heung-A, Sinokor to negotiate merger of container businesses
  • Tanker scrap prices correct as Pakistani reopening delayed
  • Qatar Gas unit seeks arbitration with Hyundai HI
  • NYK Line to pay lost tax after embezzlement probe
  • An abstract design of a terminal display, warning about a cyber attack

The Loadstarweb site
MARCH 28, 2018
  • Charter market capacity crunch will put a dent in carrier profitability
  • SF Express beats competition to win first drone operator licence in China
  • Trade wars could return us to the days of the Depression, governments warned
  • Logistics operators will struggle to keep UK trading after Brexit, Whitehall warned
  • PSA to sell last of its stake in logistics arm Gefco
  • Shipping seen as the softest of hacker targets
  • How Shyp sank: rise and fall of an on-demand start-up

Marine Logweb site
MARCH 28, 2018
  • TOTE President and CEO Anthony Chiarello to retire
  • VIDEO: Report says shipping could be decarbonized by 2035
  • Deepwater Wind to build turbine bases, crew boats in Massachusetts
  • CIMC Sinopacific completes first LEG carriers in five ship series
  • Lake Assault fireboat protects homes around Lake Tahoe
  • Sembcorp Marine books TechnipFMC FPSO contract

Lloyd's Listweb site
MARCH 28, 2018
  • Survey reveals pros and cons of connectivity at sea
    A survey of 6,000 seafarers has reflected wider experience that millennials are more comfortable with new technology than older colleagues...
  • Alpha Gas orders LNG carriers at DSME
    Two newbuildings for Greek owner follow hard on the heels of debut double order by compatriot Minerva Marine
  • Best in class announced for 2018 Lloyd's List Americas Awards
    Lloyd's List Americas Awards recognise shipping and logistics companies, ports, environmental initiatives, training and innovation across the Americas
  • Greek shipowners back 'ambitious but workable' emissions plan
    Largest national shipowning association raps recent non-governmental organisation report as 'blatant sensationalism'
  • Habben Jansen expands role at Hapag-Lloyd as line reverses losses
    UASC volumes help lift revenues by a third
  • Container demand ramps up with strengthened box price
    Hong Kong-listed Singamas returns to the black with a $41.5m net profit in 2017
  • Shippers urge caution over trade war threats
    Alliance calls on world leaders to solve disputes on import tariffs and work on cutting red tape in international trade
  • Five things to watch: LNG shipping
    US exports and Chinese imports are driving up tonne-mile demand, boosting earnings outlook despite high fleet growth
  • Aegean terminates controversial deal to buy HEC
    New York-listed bunker supplier lets deadline to obtain approvals for the deal lapse
  • Extension of US east and Gulf coast labour contract moves closer
    Port employers and union representatives make significant strides on agreeing terms over new six-year labour contract up for renewal in...
  • Nova and Sunoco to develop US Gulf coast ethylene export terminal
    New terminal to begin operations in mid-2020
  • Korea's Heung-A and Sinokor to consolidate container shipping businesses
    Two companies expect to complete the consolidation by the end of next year
  • BRS president warns of major challenges for shipping market
    BRS president Jones addresses a number of issues facing the shipping industry including the complicated energy sector, with the liquefied...
  • Fincantieri pre-tax earnings almost double on cruiseship demand
    Chief executive Giuseppe Bono confirmed the company's state of good health
  • Noble's restructuring on track despite missing payment
    Asia Pacific Hong Kong Singapore
  • China mulls restoration of coal imports ban
    Vague details regarding the latest restriction create confusion among coal traders and bulker owners

The Journal of Commerceweb site
MARCH 28, 2018
  • Freight, asset 'imbalance' squeeze air cargo capacity
  • TOTE CEO Chiarello to retire
  • More double-brokering ups threat to US truck shippers
  • Eurogate's 2017 Hamburg volume hurt by alliance losses, Hanjin
  • India sets stakeholder deadline for digital, central portal
  • Ukraine heavy-lift operator Antonov excels at solo job flights
  • Santos' Contrail slashes container transit times

TradeWindsweb site
MARCH 28, 2018
  • LOOP loads US export cargo on Navios VLCC
    Second cargo heads out of main US crude oil import point as US crude exports remain elevated.
  • Gener8 VLCCs put TI Pool atop fleet list
    Pending additions push Tankers International past ranks of massive state-owned fleets.
  • MPC Container Ships says feeder prices still attractive
    Oslo-listed company planning to add to the more than 50 ships already in its hands.
  • Thorsten Haeser quits Hapag-Lloyd post
    Key figure in container line's digital effort has left for pastures new.
  • Laskaridis chides class societies in CO2 debate
    Classification societies sit on the fence and don't do enough to dampen politicians' 'unrealistic' emission cut targets, owner says
  • Vitol storing fuel off Singapore again
    Trader takes LRs to hold petrol in contango market.
  • Navig8 doubles product tanker tally in China
    UK headquartered group now understood to have eight MRs in its orderbook.
  • Sinokor and Heung-A merging boxship operations
    Liner players combining to create fleet of nearly 100,000 teu.
  • Hapag-Lloyd hands out EUR 100m dividend
    Payout comes as German container line rings up profit buoyed by UASC merger.
  • Liberty House offers $798m for ABG
    Cash would be pumped into Indian yard over 10 years by UK steel group.
  • Wan Hai Lines increases earnings
    Taiwanese container line boosted by rising revenue in fourth quarter.
  • Densay buys supramax as it eyes lucrative asset play
    Turkish shipowner is snapping up a Japanese bulker at the same time as looking to sell another ship.
  • DS Tankers suezmax heading to breakers
    German owner has scrapped its second tanker in quick succession, brokers say.
  • Nordic Shipholding dips into the red in 2017
    Danish tanker owner expects further red ink this year in tricky tanker market.
  • Hyundai Glovis grows as part of group overhaul
    Expansion of car carrier owner leads to spike in shares of Wilhelmsen firm Treasure ASA.
  • Greek shipping union hits back on emissions
    UGS dismisses criticism of country's commitment and backs IMO targets.
  • Fincantieri profit fires with firm targets set for 2022
    Italian shipbuilder sees 2017 bottom line shoot up with further progress in its sights.
  • Two more shipping partners for HFW
    Global law firm promotes Alex Kemp in London and Simon Shaddick in Melbourne.
  • Marinakis says Greek supreme court has exonerated him
    Top Greek judges have fully cleared him over football-related charges, owner says
  • Topaz falls to loss but says worst is over
    Middle East owner looking to capitalise on increasing oil major project commissions.
  • Latvian takes on another Sargeant tanker
    Vitol-owned company to manage second bitumen vessel for sister operation.
  • Vitol vessel journeys on the rise
    Trader and owner busier in challenging 2017, but oil volumes dip.
  • Noble secures more backing for restructuring
    ING latest creditor to throw its weight behind efforts to revive struggling commodities trader.
  • Unisea inks aframaxes at Samsung
    Greek owner returns to Korean yard for up to four tankers.
  • Aegean's controversial HEC deal terminated
    $367m takeover of Melissanidis company runs out of time after legal battles.
  • US LNG exports quadrupled in 2017
    Over one third of exports head to Asia with China and South Korea the top destinations.
  • Sembcorp Marine scoops Karish field FPSO
    But lack of detail over contract order value makes profitability of project hard to determine.
  • Apeejay Shipping snaps up third panamax bulker
    Indian shipowner continues acquisition spree in anticipation of improving markets.
  • Sentosa Ship Brokers off and running
    New tanker shop says that while local market seems overbroked, quality is sadly often lacking.

American Shipperweb site
MARCH 28, 2018
  • ICS seeks compromise on CO2 strategy
    The International Chamber of Shipping (ICS) said governments must compromise to help the United Nations' International Maritime Organizatio...
  • AIIS: U.S. steel imports 'plummet' in February
    Imports of steel to the United States dropped off considerably in February, both on a sequential and year-over-year basis, according to the...
  • Canada to intensify trade remedy regulations
    Canada is implementing regulatory changes anticipated to neutralize the impacts of steel and aluminum trans-shipment and other unfair forei...
  • Commentary: Container rate decline just 'normal seasonality'?
    Over the last few weeks, we've been keeping a close eye on the precipitous decline in container freight rates in both the spot and contract...
  • State Dept. designates global terrorist
    The State Department added Katibat al-Imam al-Bukhari and nine associated aliases to its list of Specially Designated Global Terrorists. T...
  • Delta, Air France/KLM share Seattle warehouse
    The cargo divisions of Delta Air Lines and partner Air France/KLM have placed their cargo operations into a single warehouse at the Seattle-...
  • Updated KORUS includes new customs, currency and pharma text
    In addition to new automotive provisions, amendments in principle recently reached between the United States and South Korea for their bila...
  • Hapag-Lloyd's future looks bright after strong 2017
    German ocean carrier Hapag-Lloyd expects cost synergies resulting from its merger with United Arab Shipping Co. (UASC) last May will result...
  • Commerce ups U.S. Q4 2017 GDP growth estimate
    United States gross domestic product (GDP) - the broadest measure of a nation's overall economic health - grew at an annual rate of 2.9 per...

The Bunker Bulletinweb site
MARCH 28, 2018
  • Oil weakens after EIA data shows crude build, more output
    NYMEX May crude settled 87 cents lower on bearish news.
  • Nearly all US operators profitable at current oil prices: Dallas Fed
  • VLCC loadings not on Port Houston radar
    High costs preventing channel development for larger ships.
  • Monaco's Dan-Bunkering files claim in Singapore court against vessel owner
    Dan-Bunkering (Monaco) is claiming a total of $328,350.67 for unpaid bunker fuel and lubricants supplied to the tanker.
  • India's 2018 bunker sales likely to be steady as GST woes continue: industry sources
    Infrastructure, MGO supply likely to attract shippers to make bunker calls moving forward.
  • Global LNG market avoids 'glut,' now supply crunch nears: HSBC
    HSBC said it expects global LNG demand to grow at 4.5%/year, translating into demand growth of 50% by 2025.
  • FUTURES: Crude lower as focus shifts to US inventory report
    "A fresh focus by the US administration upon the tech sector induced turmoil for prices and invited back volatility," IG market strategist Pan Jingyi said.

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
PORTS
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
ENVIRONMENT
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
COMPANIES
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
PORTS
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
INDUSTRY
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
PORTS
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
COMPETITION
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
ENVIRONMENT
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
LOGISTICS
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
SHIPPING
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
PORTS
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
SHIPPING
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
SHIPPING
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
PORTS
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
PORTS
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
SHIPYARDS
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
EDUCATION
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
MEETINGS
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
MOURNING
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
SHIPPING
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
PORTS
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
LOGISTICS
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
PORTS
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
SHIPYARDS
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
SHIPPING
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
PORTS
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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