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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
00:49 GMT+1
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BRIEFS
July 13, 2022
Exim Indiaweb site
  • RBI releases framework for international trade settlement in Indian Rupees (INR)
  • Exponential rise in retail & e-commerce businesses seen fuelling growth of warehousing & logistics sector
  • New Just-in-Time Port Call Data Definitions open for review
  • Global piracy & armed robbery incidents at lowest level in decades
  • May 2022 air cargo buoyed by easing of Omicron restrictions in China
  • Emirates SkyCargo takes delivery of new freighter
  • CargoAi brings its digital ecosystem expertise to CargoTech
  • Etihad Cargo reinforces commitment to China capacity
  • IRS to provide comprehensive range of services to GRSE
  • S. Railway originating freight loading in Q1 exceeds target
  • CBIC notifies procedural changes in GST rules
  • AP ships 120 tonnes of tobacco to the US
  • Inflation a major global worry
  • DGFT likely to permit exports of some quantity of wheat

International Transport Journalweb site
  • Reliability before price

The Loadstarweb site
JULY 12, 2022
  • Shanghai Covid scare raises spectre of further lockdown disruption
  • APL Vanda delayed in Djibouti after mystery incident
  • Forest fires and chassis shortage sees NAM port congestion rise again
  • Maersk's Billund Airport hub rejects community IT system - for now
  • Disruption and high freight rates created by competition authorities, says ITF
  • Concerns mount over California's AB5 trucker classification law
  • PanStar orders cruise ship with box capacity
  • Against the odds: Where have all the workers gone?
  • Qatar Airways' $1.5bn profit versus Emirates' $1bn loss - why?
  • Lars Widelund joins Scanlog as business development manager
  • Keld Mosgaard Christensen to head Port of Salalah

Marine Logweb site
JULY 12, 2022
  • "Tougher than IMO" bill on ship emissions introduced in House
    There have long been warnings that failure by IMO to act more aggressively on shipping decarbonization would lead more countries and regions to introduce their own measures. Already, the EU is moving
  • Lake Pilots take delivery of third Gladding-Hearn launch
    Gladding-Hearn Shipbuilding, Duclos Corporation, has delivered a new pilot boat to the Lake Pilots in Port Huron, Mich., by road transport. The Resilient Class high-speed launch is the pilots' third boat built
  • Philly Shipyard cuts steel for third NSMV
    TOTE Services and Philly Shipyard yesterday celebrated the cutting of steel for the third National Security Multi-Mission Vessel (NSMV), which is set for delivery to Maine Maritime Academy by the end of
  • VIDEO: U.S. biomass exports could reach Japan on hard sail fitted ships
    The Drax Group, whose U.K. power stations generate electricity using wood pellets produced from sustainable low-value commercial forestry residues, is also a major supplier of those pellets worldwide. Now it is looking
  • ClassNK awards AiP for ammonia-fueled tugboat design
    A Japanese project aimed at trialing an ammonia-fueled tugboat - the A-Tug - in the port of Yokohama by FY2024 has reached an important milestone. It has now gained an Approval in

Lloyd's Listweb site
JULY 12, 2022
  • MSC's TiL ports unit unveils $705m investment in Le Havre
    Terminal Investments Ltd takes sole ownership of two joint venture container terminals at France's port of Le Havre
  • Will shareholders pay the price for John Fredriksen's legacy-seeking strategy?
    'It's basically exchanging shares of Euronav into shares of Frontline. Then you have to have faith in the John Fredriksen...
  • Maritime fintech platform expands with new version
    Cost and time benefits of the platform are increasingly being pitched to banks
  • UK Club 'disappointed' by court ruling on Venezuela claim
    Marine mutual cannot be granted permanent anti-suit injunction because South American government enjoys sovereign immunity, but loss of military patrol...
  • MSC pulls out of offer talks with Global Ports Holding
    MSC had until July 13 to turn an intention into a firm offer or walk away
  • China port congestion risks further disruption
    China's ports are suffering from congestion against a backdrop of bad weather and high yard density. A further shutdown in...
  • Containership master reported missing at sea
    The 4,200 teu chartered boxship left the Turkish port of Yalova on June 30 and arrived at Algeciras on July...
  • Sanctioned Sovcomflot calls bondholder meeting over 'impracticable' terms
    Sanctioned Russian shipping company has called for meetings with Irish bondholders to find alternative ways to make repayments
  • Interoperable electronic bill of lading takes a step forward
    Digitalised bills of lading can save time and money for carriers and beneficial cargo owners. But individual platforms need to...
  • Britannia's Cutler in line to chair International Group
    Britannia CEO expected to take on role for three-year term in November
  • Fuel supply reliability seen as key concern in volatile market
    'Day to day there can be a price change of $30, $40, $50 per tonne of oil,' says Maersk Oil...
  • Euronav founders say legal merger with Frontline 'highly unlikely'
    The Saverys family, which owns 19.6% of Euronav compared with John Fredriksen's 18.8%, is opposed to a voluntary share exchange...
  • ITF calls for more intervention in container shipping
    Transport think tank calls for a reconsideration of policies surrounding container shipping after the disruption of the past two years...
  • Fearnley Securities to offer 'green transition' services
    'Fearnley Securities will be better positioned to service the group's regional clients within our traditional core sectors,' says general manager
  • Global Centre for Maritime Decarbonisation signs partnership deal with law firm
    GCMD deal with Ashurst aims to foster collaboration to accelerate the maritime industry's decarbonisation efforts
  • Daily Briefing
    Share exchange launched for Frontline and Euronav merger | Russian class society remains EU recognised organisation | Jailed former shipowner...
  • Seafarer suicide is part of a wider mental health crisis
    A study conducted on behalf of the UK government concludes that better data and a holistic approach to mental health...

The Journal of Commerceweb site
JULY 12, 2022
  • US truck demand rising despite slowing economy
  • Slipping US intermodal performance linked to warehouse capacity crunch
  • Ocean carriers, port terminals navigate OSRA-22 complexities
  • Shipping needs greater regulatory intervention: ITF
  • ExxonMobil, container lines testing eBL vendor interoperability

TradeWindsweb site
JULY 12, 2022
  • Abandoned crew of Saint James tanker defies jail threat
  • Finding the hidden contours of shipping's impact on inflation
  • Miller acquires broker Lead to grow in Japanese market
  • MOL to order more sail-fitted bulkers for Drax contract
  • Velos returns to growth with Hafnia MR amid robust S&P activity
  • North Sea rates jump as charterers pile in for 'disappearing' aframaxes
  • Oaktree could take 50% stake in GEOS as part of $80m loan deal
  • UK government calls for action on maritime's 'mental health crisis'
  • Master and wife receive compensation over groundless ship detention
  • Shell's Prelude FLNG unit shuts down again in battle over pay
  • Sanctioned Sovcomflot calls bondholder meeting to beat payment block
  • Shipping lending jumps $459m at DNB as markets boom
  • ZeroNorth optimisation platform signs up Unifeeder's 90-ship fleet
  • Transport Capital beefs up Greek presence with Alexandros Valentis appointment
  • Emirates Shipping sells panamax crude tanker as former compatriot UACC rebrands
  • Marubeni invests in Australian FSRU LNG import project
  • Inui Global Logistics retains defences despite activist investor ending feud
  • Korean Register looks west in search of new growth

American Shipperweb site
JULY 12, 2022
  • Latam deploys more freighters to boost European cargo connections
    Latam Cargo's expanded freighter fleet has made it possible to open up extra dedicated service between Europe and the Americas.
  • Regional cargo haulers move to convert standard passenger jets
    Companies that want standard freighters from the pre-owned market are in a race to find suppliers. Raya Airways and ASL are in the door with...

The Bunker Bulletinweb site
JULY 12, 2022
  • Brazil plans to buy 'cheap' diesel from Russia amid price concerns: Bolsonaro
    Brazilian President Jair Bolsonaro indicated the country is close to buying cheap diesel cargoes from Russia
  • EIA lowers oil price outlook but warns of continued risks to global markets
  • US Energy Secretary pushes clean energy as solution to high energy prices, energy security woes
  • ICE Brent falls below $100/b amid global recession fears, China lockdown concerns
  • REFINERY NEWS: PetroChina Dalian resumes gasoline export in July
    State-owned PetroChina's 20.5 million mt/year flagship refinery Dalian Petrochemical in the northeastern Liaoning province, will resume exporting gasoline in July, according to sources with knowledge of the matter July 12.
  • Japan needs supply, demand saving measures for Sakhalin 2 LNG contingency: IEEJ
    Russia accounted for 9% of Japan's total LNG imports of 74.32 million mt in 2021, its fifth-largest supplier, according to data from Japan's Ministry of Finance.
  • CHINA DATA: Carbon Emission Allowance price at $8.50/mtCO2e July 8
    The price decrease was driven by a continuous drop in demand.
  • ASIA MIDDLE DISTILLATES: Key market indicators for July 12-15
    The Asian gasoil complex may continue to show signs of weakness over the coming week as refineries in the region maximize gasoil exports to capture still-high cracks.
  • South Africa deferring tighter fuel specs could prop up refineries
    The introduction of a 10 ppm sulfur content cap and 1% benzene limit in gasoline has been delayed to July 2027 from September 2023, according to the official national gazette.
  • OIL FUTURES: Crude extends losses amid COVID-19 surge in China, weak global economic outlook
    In addition, the US department of energy's sale of barrels from the Strategic Petroleum Reserve (SPR) at the rate of 1 million b/d bolstered the fall in oil prices pushing the price curve ahead, as market players expect higher prices in the future when eventually the US government decides to reverse course, according to Smith.
  • Oil, commodity prices under renewed pressure as euro flirts with dollar parity
    Brent crude futures were trading 2% lower at below $105/b in early European trade amid fears of new lockdowns due to COVID-19 infections in China and fears that fiscal tightening by Central Banks will tip global growth into reverse.
  • ASIA RESIDUAL FUELS: Key market indicators for July 12-15
    High sulfur fuel oil supply was likely to remain ample July 12-15 due to increasing inflows to Asia, sources said, even though Saudi Arabia has started buying HSFO for demand in the Red Sea.
  • RUSSIA DATA: January-June crude, product port throughput rises 4.1% on year
    Crude oil throughput was 11.8% higher on the year at 130.6 million mt, while oil products were down 8.6% to 68.3 million mt in the same period, the association said. LNG was up 7.5% at 18.6 million mt during the firts half of the year.
  • Damping mechanism protects Russian domestic oil market: Spimex
    The damping mechanism was introduced to compensate Russian producers when export prices exceed domestic values.

›››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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