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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:52 GMT+1
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BRIEFS
December 24, 2019
Sched Netweb site
  • CMA CGM ups Asia-West Africa rates US$500/TEU January 1
  • Today most US Christmas lights come from Cambodia - not China
  • Shippers are bewildered by inconsistency of IMO 2020 surcharges
  • Modern Terminals donates crane to Hong Kong Museum of History
  • China trade deal to 'nearly double' US exports: US trade rep Lighthizer
  • Trump to ease restrictions on Canadian prescription drug imports
  • Jamaica now offers two new services via Panama to Med/Caribbean
  • China pins hopes on Europe trade, declares Foreign Minister Wang
  • New Normal: Looking at growth of China-EU rail freight links today
  • FAA hits Boeing CEO for thinking 737 Max will soon return to service
  • Amazon becomes its own biggest deliverer, shipping 3.5 billion parcels
  • Airlines queue up to buy Made-in-USA Airbus jets to avoid US tariffs
  • Alaska Airlines resumes flights after Israel cites 737 bulkhead issues
  • Russia's Aeroflot again named most punctual among leading airlines

Exim Indiaweb site
DECEMBER 23, 2019
  • 'The basic requirement in the upcoming year is to reduce the cost of logistics'
  • 2019 seen ending on positive note for container shipping
  • All class dangerous goods prohibitedfor operations at Port Maoming
  • Coa elects Chairman & Vice-Chairman
  • COSCO SHIPPING Ports' Lianyungang New OrientalInternational Terminals goes live on N4
  • MOL signs first green loan; to partially finance construction of world's largest LNG bunkering vessel
  • ONE's new Korea Haiphong Express service
  • Swire Shipping extends South Pacific network
  • Restriction on import of pulses
  • Chabahar port project to be accelerated: S. Jaishankar
  • DMICDC Logistics Data Services extends services to Kamarajar Port
  • PSA India donates INR 14 lakh for mid-day meal scheme as part of CSR
  • Govt to finalise e-commerce policy after passage of Data Bill in Parliament
  • ONE India supports social empowerment with Rugby India

International Transport Journalweb site
  • Pushing e-commerce in Jeddah

The Loadstarweb site
DECEMBER 23, 2019
  • The Loadstar Festive Quiz 2019: Part 1
  • The Loadstar Festive Quiz: Part II
  • IMO 2020: the curved ball that acted as a counterweight for box shipping
  • Air cargo 2020: a combination of luck and strategy to sort the best from the rest
  • CMA CGM finalises terms of sale of 10 terminals to Terminal Link JV
  • 'Think carefully' Felixstowe dockworkers warned, as strike looms
  • Premium - keeping you up to date over the holiday

Marine Logweb site
DECEMBER 23, 2019
  • Responders remove rudder and propeller from Golden Ray
    The Unified Command (USCG, Georgia Department of Natural Resources, Gallagher Marine Systems) working to remove the capsized car carrier Golden Ray from St. Simons Sound, Georgia, successfully completed the removal of the
  • VIDEO: Stena Estrid arrives in Holyhead
    Stena Estrid, the first of a new generation of Stena Lina E-flexer RoPax vessels has arrived in Holyhead, Wales, following its delivery voyage from the China Merchants Jinling Shipbuilding Weihai Shipyard in
  • Congress members object to CBP Jones Act move
    U.S. Customs and Border Protection (CBP) is going ahead with changes in its interpretations of the Jones Act that it first proposed October 23. causing considerable concern in some areas of the
  • Banks take control of Bourbon assets
    The assets of French offshore services giant Bourbon, which filed for court protection in back in July disclosing liabilities of over $1 billion, have been sold to a group of leading banks.
  • Arnout Damen takes CEO role at Damen Shipyards Group
    Arnout Damen, oldest son of Damen Shipyards Group Chairman Kommer Damen, will become CEO of the shipbuilding group on January 1, 2020. At the same time, the group will switch to a

Lloyd's Listweb site
DECEMBER 23, 2019
  • Ship scrapping plunges to 11-year low
    The prices being offered to shipowners for scrap has been consistently low throughout 2019. This has coincided with the build-up...
  • LR chief backs moves to shipping's green transition
    In an interview with Lloyd's List, Lloyd's Register chief executive Alastair Marsh has shared his vision about shipping's decarbonisation path and...
  • Invesco buys 5% stake in Clarksons
    US-based investment firm Invesco has acquired a 5% stake in shipping broker Clarksons. Could this be a sign that investor...
  • Greece seeking up to six LNG bunkering vessels
    Athens government puts out tender for shipyards to take on two firm orders and two more pairs of two options
  • Shell LNG carriers to retrofit hull air lubrication technology
    The shipping unit of the oil and gas giant has signed a deal with a company that specialises in air...
  • International Group freezes pool pricing
    Development comes as welcome news for owners facing high single-digit percentage increases for P&I and hull cover
  • Thai utility to cancel long-term LNG imports from Malaysia
    Petronas won a long-term supply contract that was tendered out earlier this year. This deal is now expected to be...
  • Global trade outlook: The macro view
    The macro trends driving our data forecast point to geo-political and environmental challenges in the short term, but more energy...
  • The Finance Outlook
    While ship finance has fallen out of favour among many traditional lenders, the pain is not equally spread and the...
  • Daily Briefing
    Free to read: Shipping heads hesitantly into a year of uncertainty | IMO chief pledges to reverse casualty reporting deficit...
  • Piracy alert in Singapore Strait after spate of attacks
    The latest piracy attacks bring the total number of such incidents in the Singapore Strait to 29 this year
  • Lucio Tan-led group plans Philippines FSRU-based LNG import project
    The project would also include putting up power plants with a combined capacity of about 1,000MW
  • Navios tanker crew freed off Nigeria
    The crew is undergoing medical tests and debriefing, following which they will return to their families
  • Ørsted to sell LNG business to Glencore at a loss
    Glencore will take over Ørsted's right to regasification capacity at Rotterdam and the latter's five LNG purchase agreements
  • As Maersk maps out a clear strategy, MSC's future is less clear
    The recent departure of Maersk's chief operating officer to Mediterranean Shipping Co could mark the start of a radical shake-up...
  • Ren Yuanlin returns to Yangzijiang's helm
    Yangzijiang chairman has been freed. He has been assisting the authorities in relation to a months-long government investigation

The Journal of Commerceweb site
DECEMBER 23, 2019
  • Charleston awarded final portion of federal dredging funds
  • India shrugs off carrier pain points in surcharge regulatory reform
  • US Ex-Im Bank reauthorized for seven years
  • ARO 2020: 3PLs searching for new ways to be indispensable
  • ELDs improve HOS compliance; safety impact less clear
  • ARO 2020: Trucking industry seeks clarity on driver classification issues
  • ARO 2020: Shippers search for balance amid political, economic volatility
  • ARO 2020: Bottlenecks within ports hold back digitization
  • What shipping knows - and doesn't - as IMO 2020 nears

TradeWindsweb site
DECEMBER 23, 2019
  • Hornbeck to appeal New York Stock Exchange delisting
    Company's shares have fallen 37% since Friday's trading suspension
  • Top Ships takes out $60m loan for two MR newbuildings
    New York-listed tanker owner strikes deal to back purchase of nwebuildings from Evangelos Pistiolis
  • Eimskip sells 24-year old containership veterans
    Deal takes tally to five ships sold by Icelandic carrier in as many weeks
  • Ten shipping deals that made headlines in 2019
    A massive LNG carrier newbuilding programme, a changing of the guard in German ship finance, the dash or LNG fuel and Trafigura's fleet-for-shares plays were among the key shipping transactions in 2019.
  • CMA CGM forges $968m deal to sell raft of terminals
    Transaction will reduce French liner operator's debt load
  • Lloyd's Register issues alert over Singapore low sulphur fuels
    Testing company says some bunkers may have excessive sediment
  • French bank consortium takes over Bourbon assets
    OSV giant to be restructured by a joint venture of France's biggest lenders
  • Motia closes deal for $144m debt restructuring
    Deal marks end of 18-month saga amid talk of a comeback by the Zacchello family
  • Idemitsu and Showa Shell formally merge tanker fleets
    Japanese oil companies involved in first tanker merger of the new decade
  • Dr Peters fleet wind-down continues with new sale to NGM Energy
    Panamax crude tanker is the fifth oil carrier changing hands between the two companies since late 2018
  • Invesco buys 5% stake in shipbroker Clarksons
    US investment firm takes a stake in broker as it eyes UK stocks
  • Fund manager DeA Capital snaps up tankers from Italian market
    A new shipping vehicle established with ex-Fratelli d'Amico executives already has four tankers to its name
  • MOL taps green finance for LNGBV newbuilding
    BNP Paribas and CEMIX provide Japanese owner with its first-ever green loan
  • Velos Tankers linked to second S&P deal with MOL
    Purchase of LR1 tanker would bring Paschalis Diamantides venture's total spending bill to about $75m
  • The most shocking shipping moments of 2019
    This year has had its fair share of moments in which we asked ourselves: "What the Fredriksen is going on?" Here, TradeWinds runs down some of the most surprising stories we've published in 2019 (in no particular order).
  • Dramatic rescue as storm pounds Nuova Naviservice ship onto Sardinia coast
    Italian Coast Guard rescues all crew from grounded Nuova Naviservice general cargoship
  • Gangs of knife-wielding pirates attack several ships in Singapore Strait
    Thieves attack three bulkers and two tankers in robbery spree

American Shipperweb site
DECEMBER 23, 2019
  • Tanker owner, operator and chief engineer guilty in pollution case
    The Department of Justice says a jury has found tanker owner Evridiki Navigation guilty of violating a pollution law, but an appeal is planned.
  • Logistics firm bypasses big China airports with Hanoi-bound trucks
    Austrian freight forwarder cargo-partner says Hanoi Airport is a truck alternative from South China even though the region has massive air cargo capacity.
  • FAA likely to certify Pemco's 737-700 conversion program soon
    Pemco wants to convert newer aircraft.
  • S.H.E. TRUCKING empowers females of freight
    Online community provides opportunities for women seeking success in trucking.
  • Simple ways to protect your company from cyberattacks
    It doesn't take much to compromise your business. It's as easy as opening an email.
  • Freight Futures daily curve: 12/23
    A mostly higher trading session on Friday caps off a strong week for Trucking Freight Futures.
  • Today's pickup: Car hauling's challenging times; Amazon's foray into freestanding logistics
    Car-haulers face challenging times. Kalanick sells out-literally. Will Amazon's free standing logistics model spring forth?
  • Tactile Mobility partners with HERE Technologies to expand tactile data's commercial reach
    Tactile Mobility will provide access to over 10 terabytes of tactile data across more than 10 million km of public roads globally on the HERE...
  • White Christmas ahead for parts of western US (with forecast video)
    A foot or more of snowfall through Christmas in some western U. S. mountains.
  • China marks Jan. 1 with tariff reduction on 850 products
    The Chinese government said the tariff reductions will help expand imports of key consumer products.
  • Rivian closes $1.3B funding round
    An early Christmas gift for the electric truck maker marks the company's fourth investment announcement this year.
  • Malware hits Truckstop.com sites, services shut days before Christmas (with video)
    One of the leading load boards shuttered since Friday forcing customers to find workarounds.
  • Boeing ousts CEO Muilenburg as 737 MAX crisis worsens
    Boeing is in crisis management mode over the 737 MAX grounding and it cost CEO Dennis Muilenburg his job on Monday.
  • Ten things to know before investing in a TMS
    Investing in a TMS requires a critical look at what you want to accomplish, an understanding of what it can do and how to choose...
  • Spanish shipbuilder Navantia digitalizes supply chain with SAP Ariba
    The digitalization of Navantia's purchasing and procurement segments have led to a 52% increase in purchasing efficiency and reduced its supply cycle time by 25%.
  • Experts predict more short line railroad mergers and acquisitions
    Private equity firms are likely to continue M&As in freight rail industry next year and beyond, observers say.

The Bunker Bulletinweb site
DECEMBER 23, 2019
  • Delivered low sulfur bunker fuel price hits record high at Hong Kong
    Delivered low sulfur bunker fuel at Hong Kong soared to new high of $650/mt Friday at Asia close, on tight cargo supply and robust demand for IMO-compliant fuels, S&P Global Platts data showed.
  • Singapore 380 CST HSFO cash differential rises to 7-week high on limited suppliers
    Singapore 380 CST high sulfur fuel oil cash differential rose to a seven-week high of $11.19/mt Friday as limited sellers could supply the grade, S&P Global Platts data showed.
  • Rotterdam VLSFO bunkers hit 3-month high as 2020 looms
    Very low sulfur fuel oil at Rotterdam, the Netherlands, reached its highest point in over three months Friday, as demand for the new marine fuel took up most of bunker demand at the port with the new IMO 2020 sulfur cap imminent.
  • Istanbul marine operations interrupted by bad weather
    Rough weather is disrupting bunkering and shipping operations at Istanbul, Turkey, sources said Monday.
  • Fujairah low sulfur bunker price hits new record high as IMO 2020 looms
    The price of low sulfur bunker fuel at the Middle Eastern bunkering hub of Fujairah has soared to a brand new high, as demand for IMO-compliant fuel rose significantly in December, with less than a few weeks to go before the new sulfur limit mandate begins in January 2020.
  • FUTURES 4: Oil pulls back on weak US sales figures, OPEC+ uncertainty
    Oil moved lower in Monday morning US trading following weaker-than-expected US economic data and indications that the OPEC+ group may ease production cuts in March.

›››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%)
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
COMPANIES
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
COMPANIES
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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