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13 March 2025 - Year XXIX
Independent journal on economy and transport policy
04:19 GMT+1
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DP World expects $750m from US ports sale
(Financial Times)
March 23, 2006
By Robert Wright, Transport Correspondent

Dubai's DP World expects to raise about $750m from the forced sale of its US ports business following the controversy in the US over its acqusition of the UK's P&O ......
Read more on Financial Times
›››File
FROM THE HOME PAGE
PORTS
In 2024, freight traffic in the ports of Naples and Salerno grew by +2%
Naples
In the fourth quarter alone, increases of +0.4% and +8.4% were recorded respectively.
SHIPPING
Significant growth in ZIM's annual financial results but also in the number of containers transported by the fleet
Haifa
In 2024, over 3.7 million TEUs were loaded on the Israeli company's ships (+14.3%)
SHIPPING
Yang Ming's 2024 financial year was very positive
Keelung
Revenues grew by +58.4%. Profit of almost two billion US dollars
STUDIES AND RESEARCH
CSIS Urges US Government to Counter Civil-Military Dual-Use System Adopted by Chinese Shipyards
Washington
Concerns over USTR's proposed port fee system, but not over its introduction that would cost the top ten companies calling at US ports over eight billion dollars a year
MARITIME SERVICES
Keppel Infrastructure Fund acquires Global Marine Group
Singapore/New York
The company has a fleet of six vessels for laying submarine cables
CRUISES
Viking Cruise Group's Economic Performance Improves Significantly
PORTS
Global Ports Holding to manage cruise terminal at Scottish port of Clydeport
Liverpool/London
Peel Ports Signs 50-Year Concession Agreement
PORTS
Work begins in the port of Oristano on the new Multifunctional Service Centre for Agri-food Logistics
PORTS
Hanseatic Global Terminals acquires 60% of the company that operates the Terminal de l'Atlantique in Le Havre
Hamburg/Le Havre
40% remains with the French Seafrigo
COMPANIES
Triton buys container shipping company Global Container International
Hamilton
It has a fleet of approximately 500 thousand TEUs
COMPANIES
Bureau Veritas closes 2024 with a series of records
Neuilly-sur-Seine/Milan
Strong growth (+58%) of new orders in the Marine & Offshore segment
Le Aziende informanoSponsored Article
ABB Ability™ Marine Remote Diagnostic System
Always on board with you
LOGISTICS
MOL continues acquisitions in the liquid bulk logistics segment
Tokyo/Rotterdam
It will buy the Dutch LBC Tank Terminals which has a storage capacity of 3.3 million cubic meters
PORTS
Jeddah South Container Terminal expansion work begins
Riyadh
Investment of 800 million dollars. Traffic capacity will increase to four million teu
LOGISTICS
DHL Group revenues grew by +3.0% in 2024
Bonn
Significant improvement in performance in the last quarter
SHIPPING
CMA CGM pledges $20 billion in US investment
Marseille
The US-flagged fleet is expected to increase from 10 to 30 ships, develop port and logistics activities and create 10,000 new jobs
PORTS
Annunziata appointed commissioner of the Central Tyrrhenian Sea Port System Authority
Naples
His term as president ended on February 2.
SHIPPING
With the new orders CMA CGM is preparing to become the second largest containerized maritime carrier in the world
Courbevoie
Currently, the Marseille company's orderbook is larger than that of Maersk
COMPANIES
Genoese Sirius Ship Management has acquired fellow citizen Generalmarine
Genoa
The company specializes in solutions for navigation electronics and maritime communications
ASSOCIATIONS
European Shipowners' Association Changes Name
Brussels
From today it is called ECSA European Shipowners
PORTS
EST has ordered a new mobile crane from Konecranes for its terminal in the Port of Augusta
SHIPPING
In January, ships transiting the Suez Canal decreased by -23.2%
Cairo/Ismailia
In 2024, goods passing through the Egyptian waterway dropped by -65.4%
ENVIRONMENT
Ships and boats, despite controls, continue to pollute the waters of the European Union
Luxembourg
This is denounced in a report by the European Court of Auditors
PORTS
TiL (MSC Group), with BlackRock and GIP, to acquire 80% of Hutchison Ports
Hong Kong
Also agreement to buy 90% of the capital of Panama Ports Company. The enterprise value is 22.8 billion dollars
PORTS
Pessina (Federagenti) asks for an examination of the usefulness of the new port terminals
Rome
A map highlighting the types of traffic and the actual market demand for these types of goods and services was requested
SHIPPING
CMA CGM orders 12 more new 18,000 TEU containerships, this time in China
Shanghai
They will be delivered by Jiangnan Shipyard between 2028 and 2029
PORTS
In January, freight traffic in the port of Genoa fell by -10.7%, while in Savona-Vado it grew by +8.1%
Genoa
Containerized goods up +18.2%. Cruise passengers down
LOGISTICS
Kuehne+Nagel's financial results for the second half of 2024 show significant improvement
Schindellegi
In the fourth quarter, net sales increased by +18.8% and net profit by +11.3%
SHIPYARDS
The European Ship Recycling Regulation has achieved its objectives
Brussels
Too many shipowners - the latest assessment of the legislation denounces - still choose to demolish ships in South Asian shipyards
PORTS
Croce (Assagenti): the choice of the new president of the Western Liguria AdSP can no longer be postponed
Genoa
It is not acceptable - he denounced - that for more than a year the port system has been headless
SHIPPING
In 2024, CMA CGM revenues increased by +18% and net profit by +57%
Marseille
Containers transported by the fleet increased by +8%
PORTS
In 2024, freight traffic in the port of Bremen/Bremerhaven grew by +5.9% thanks to containers
Bremen
Trend reversal in the last quarter when container loads decreased by -2.6%
SHIPPING
Zero Emission Maritime Buyers Alliance Launches Second Low-Emission Maritime Shipping Competition
Washington
It is related to an activity lasting 3-5 years starting from 2027
SHIPPING
Costamare plans spin-off of dry bulk division
Monk
Costamare Bulkers Holdings will be created and is expected to be listed on the New York Stock Exchange
CRUISES
Norwegian Cruise Line Holdings posts record year
Miami
High demand for cruises scheduled for 2025 and 2026
PORTS
Last year, freight traffic in the ports of the Southern Adriatic AdSP decreased by -7.7%
Bari
TRANSPORTATION
ECSA fully appreciates the European Clean Industrial Deal
Brussels
T&E also expressed its support, but considered the decision to postpone the proposal for a climate target for 2040 to be very worrying.
COMPANIES
80% of Louis-Dreyfus Armateurs shipping and logistics group to InfraVia
Suresnes/Paris
The Louis-Dreyfus family will retain the remaining 20% of the capital
PORTS
Marsa Maroc will also manage the new West Terminal of the port of Nador West Med
Casablanca
Nearly two-thirds of the 1,440-meter quay will be dedicated to containers
INTERMODAL TRANSPORT
In 2024, intermodal shipments handled by German Kombiverkehr decreased by -5%
Frankfurt am Main
Riedl: Intermodal transport must be supported also through incentives
TRADE
In the fourth quarter of 2024, G20 trade recorded a conjunctural decline
Paris
Mixed performance of trade in services
TRADE
The latest reading of the WTO Goods Trade Barometer shows a variable trend towards good
Geneva
Positive effect of temporary increase in trade possible in view of introduction of new trade policies
TRUCKING
Trasportounito will propose a national haulage ban from March 31st
Rome
Longo: from the Ministry evanescent and contentless answers
COMPANIES
The introduction of ESG standards represents a profound transformation for port companies
Rome
SHIPPING
Attica Reports Record Revenue and Operating Performance in 2024
Athens
Profits down due to costs of merger with Anek and purchase of emission allowances
ACCIDENTS
Man arrested in investigation into collision between Solong and Stena Immaculate
Southampton
The charge is manslaughter due to gross negligence
SHIPYARDS
Beijing: Measures to revive US shipbuilding industry won't work
Beijing
New duties and tariffs - the government underlines - are harmful for both parties
SHIPPING
Messina Gets $50M Funding to Support Full Container Investment
Genoa
Agreement with BPER Banca and Banca Popolare di Sondrio
MARITIME SERVICES
The tanker Sounion attacked in August in the Red Sea has passed through the Suez Canal
Ismailia
ACCIDENTS
Collision between two ships near the port of Hull
Southampton / Jacksonville / Rotterdam
Fires broke out on both units
PORTS
In January, freight traffic in the port of Ravenna increased by +7.6%
Ravenna
Dry bulk and general cargo on the rise. Liquid bulk declines
SHIPPING
Evergreen, Yang Ming and WHL's monthly revenue growth trend slows
Taipei/Keelung
In February, increases of +13.5%, +3.1% and +19.9% were recorded respectively
SHIPPING
In 2024, containers transported by the fleet of the Chinese SITC increased by +10.7%
Hong Kong
Annual revenues up +25.9%
NEWS
A shipment of 240 kg of cocaine was seized in the port of Genoa
Genoa
The drug came from South America
ASSOCIATIONS
Assoporti presents new guidelines for inclusive communication
Rome
Giampieri: a valid tool for more effective, respectful and inclusive communication throughout the port area
COMPANIES
German Schmitz Cargobull to acquire 48% of Polish GT Trailers
Munsterland
Both produce semi-trailers and logistics equipment
LOGISTICS
AP Moller Capital to acquire 40% of Philippine AC Logistics
Copenhagen
Agreement with Ayala Corporation which holds the entire capital of the company
SHIPPING
Attica Holdings has sold the ro-pax ferry Kriti II built in 1979
Athens
Sold for $3.6 million, it will be dismantled at an EU-authorized shipyard
PORTS
New economic and operational records for the ICTSI terminal group
Manila
Last year, container traffic handled by port terminals grew by +2.5%
COMPANIES
Lauritzen Bulkers has bought Canadian Alexander & Blake
Copenhagen
The company operates ocean freight forwarding of dry bulk, break bulk and project cargo.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
COMPANIES
Royal HaskoningDHV has bought the Scottish Arch Henderson
Aberdeen/Amersfoort
The Aberdeen company specialises in the design of marine works
OFFSHORE
Collaboration agreement between Saipem and Divento for floating wind in Italy
Milan
It foresees the use of STAR 1 technology for the construction of semi-submersible foundations
SHIPPING
Global Ship Lease Reports Record Annual and Quarterly Financial Results
Athens
Revenues increased by +5.4% in 2024
SHIPYARDS
Trump promises tax incentives for US shipbuilders
Washington
Creation of new Office of Shipbuilding announced
SHIPPING
CMB.TECH invests $1.18 billion to acquire 40.8% of Golden Ocean
Antwerp
The Belgian company will buy the stake held by John Fredriksen's Hemen Holding
FREIGHT TERMINALS
The partners of Interporto Toscano Amerigo Vespucci inject ten million into the company
Leghorn
In November the Board of Directors prepared a restructuring plan
CRUISES
Seabourn has sold the Seabourn Sojourn cruise ship to Mitsui Ocean Cruises
Seattle/Tokyo
It will be transferred to the Japanese company in the second half of 2026
LOGISTICS
ECG adopts a program to increase the safety of vehicle delivery to dealers
Brussels
MOURNING
Cristoforo Canavese dies at 76
Savona
Prominent figure of the Ligurian port system
EDUCATION
The deed of acquisition of the historic building in Gaeta that will host the ITS Academy Caboto has been signed
ENVIRONMENT
At the PSA Venice - Vecon terminal, traditional diesel has been replaced with HVO biofuel
Genoa
Enables an 88.7% reduction in greenhouse gas emissions
PORTS
In the port of Augusta, two port cranes have been moved to restore their functioning
Augusta
They are owned by the Port System Authority
INFRASTRUCTURE
The last diaphragm of the Galleria Salerno Porta Ovest road infrastructure has been demolished
Salerno
It directly connects the commercial port of the Campania city to the motorway junction
PORTS
China's CMPort to Acquire 70% of Brazilian Terminal Operator Vast Infraestrutura
Hong Kong/Rio de Janeiro
Active in the port of Açu, it handles 30% of the national crude oil exports
PORTS
Port of Gioia Tauro, concession renewed to Heidelberg Materials Italia Cementi
Joy Taurus
The duration of the contract has been increased from four to ten years
CRUISES
Construction of a new cruise terminal has begun in Antigua
St. John's
It will be completed by the middle of next year
SHIPPING
Finnlines revenues increased by +2.7% in 2024
Helsinki
Pippingsköld confirms purchase of three additional new ro-pax vessels to enter service in 2028
RAILWAY TRANSPORT
Confirmed to Mercitalia Shunting & Terminal the railway shunting activity in the Interporto of Padua
Padua
PORTS
Daniele Rossi appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic
COMPANIES
Tarros appoints its own agent in Germany
The Spice
It is Global Liner Agencies, a company based in Stuttgart.
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
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
MEETINGS
In Ancona the conference "The port as a strategic development hub for the territory"
Ancona
It is scheduled for February 11th
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
PORTS
ESPO: Clean Industrial Deal is an important first step towards decarbonisation
Brussels
The plan was presented today by the European Commission
PORTS
The TAR declares the appeal of Med Yacht Storage on the state concession in Vado Ligure inadmissible
Genoa
PORTS
In France, employers are calling for a public-private coordination unit to limit the impact of strikes at ports
Paris
The aim is to find solutions quickly
PORTS
The tender for the supply of temporary work in the ports of the Southern Adriatic AdSP has been completed
Bari
Leone: Ports will finally be able to count on a mutual assistance mechanism
FINANCING
The Central Adriatic Port Authority publishes the notice for incentives for the purchase of "green" port vehicles
ASSOCIATIONS
Federagenti Youth Group Board of Directors Renewed
Rome
Filippo Bongiovanni has been appointed president
SHIPPING
Augusta Due (Mednav group) returns to the newbuilding market with a 18,500 dwt tanker
Rome
It was built by the Chinese shipyard Fujian Southeast Shipbuilding Co.
PORTS
2025 has started very badly for Spanish ports
Madrid
In January 43 million tons of goods were moved (-6.4%)
PORTS
Infrastructure maintenance work begins in the port of Syracuse
Syracuse
Interventions with a total value of over 300 thousand euros
SAFETY & SECURITY
New Fincantieri-Edge agreement to develop solutions for the protection of underwater infrastructures
Abu Dhabi/Trieste
PORTS
In the first nine months of 2024, freight traffic in Italian ports grew by +0.5%
Naples/Rome
Solid bulk and conventional cargo decrease. Growth in other sectors
INDUSTRY
MAIRE, Eni and Iren begin the authorization process for a circular methanol and hydrogen plant
Milan
Fritelli (Nextchem): Italian ports will be among the first in the world to be able to use the new ecological fuel
PORTS
Maestripieri (CISL Liguria): the ports of Genoa and Savona-Vado need a president
Genoa
The airports - he denounced - are forced to operate in an absolute emergency regime
COMPANIES
Nova Marine Carriers, Aug. Bolten and Ership Acquire Maja Stuwadoors Groep
Lugano
The Dutch company operates a bulk terminal in the port of Amsterdam
PORTS
In 2024, container traffic in the port of Algeciras decreased by -0.5%
Algeciras/Valencia
The negative trend continued last month
SEAFARERS
Confitarma, maintenance of the simplified procedure for the enlistment of seafarers is a good thing
Rome
MOURNING
Neapolitan journalist Bianca D'Antonio dies at 83
Naples
Point of reference for courtesy and professionalism also for the shipping sector
PORTS
The AdSP of the Eastern Ligurian Sea has joined the National Observatory for the Protection of the Sea
Rome
The organization promotes the valorization of the sea resource
MEETINGS
Tomorrow in Naples a conference of studies on the fight against illicit trafficking by sea
Naples
It will be held at the University of "Parthenope"
PORTS
Port of Los Angeles Hits New Container Traffic Peak for January
Los Angeles
PORTS
Port of Livorno, in 2024 rail traffic grew by +10.4%
Leghorn
Rail share of freight volumes moved rose to 19%
PORTS
Contract for the immersion in the Ancona reclamation basin of the dredging sediments of the ports of Fano and Numana
Ancona
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