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Independent journal on economy and transport policy
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BRIEFS
July 8, 2011
The Business Timesweb site
Shipping News
  • More ships wait to load sugar in Brazil
    The queue of ships waiting to load sugar at Brazilian ports rose to 86 by Wednesday, up from 64 in mid-June, shipping agency SA Commodities/Unimar said yesterday, as the world's largest sugarcane crop nears peak harvesting.
  • Overcapacity threatens container rates
    Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry's biggest losses.

Sched Netweb site
  • CMA CGM hikes rates, surcharges from US in July, other trades in August
  • PSA to develop, operate box terminal in Dammam, Saudi Arabia
  • Dalian-Xiamen containerised grain shipments to be launched
  • MCC Transport revises its Intra Asia 8 Service to include new ports
  • Wallenius Wilhelmsen Lines deploys rifle-toting guards on ro-ro ships
  • Qinzhou Port's container volume increases 21.2pc in first five months
  • Fangcheng Port boasts first ocean shipping service from PIL to Africa
  • APL to open 43-acre intermodal site at CenterPoint Joliet UP/BSNF junction
  • APMT to spend US$749 million as it takes charge of Peru's Callao terminal
  • APL Logistics appoints Iraqi and Kuwait agents in Mideast expansion
  • St Petersburg's National Container Company sees H1 volume grow 7.9pc
  • DB Schenker Logistics new Icelandic office targets reefer seafood
  • Hactl posts 10pc cargo decline in June and 4.7pc down in first half
  • US airlines in court against EU 'right' to carbon tax over high seas
  • Jakarta defends tough air cargo screening after finding smuggled guns
  • Hong Kong Air Transport Licensing Authority members take office in August
  • Calgary's new global logistics air cargo park enters 2nd development phase
  • UK's Unite union fights for perk parity for air cargo and passenger staff
  • US Airways chooses WFS as cargo handling partner in Philadelphia

Exim Indiaweb site
  • Dry freight rebound seen only in end-2013
  • HC rejects plea to set up tribunal for resolving wage disputes with seafarers
  • SCLC's container logistics & infrastructure summit on July 15
  • Indian tea exports may be hit by rising Lankan supplies
  • Antwerp port giving discount to greener vessels
  • Cochin Port plans to pip Colombo by upgrading bunkering set-up
  • MPT Chairman analyses iron ore trade,presents paper at FIMI conclave in Singapore
  • Tamil Nadu invites investments into ports, shipbuilding & power
  • EGoM to work out modalities on 30 lakh t foodgrains exports
  • Govt not to push for foodgrains exports: Pawar

International Transport Journalweb site
JULY 7, 2011
  • ASTAG: Days of action for youths in Lucerne (Switzerland)
    The Swiss association for utility vehicles ASTAG and the world of road transport have their big appearance from 27 June to 10 July 2011 in the Swiss museum of transportation in Luc...
  • First Stena Line Challenge finished in Kiel (Germany)
    The first Stena Line Challenge finished in Kiel on 4 July 2011. In the 14 days the 10 teams drove 1,800 km through Sweden's beautiful summer landscapes. There were many interesting...
  • GEFCO Baltikum opens branch in Lithuania
    To strengthen their presence in the strategically important region and to continue the expansion of their international network, GEFCO Baltikum put into operation a location in Vil...
  • New Zealand's Government announced USD 17 billion infrastructure plan
    The Government in New Zealand has released a new, revised infrastructural plan which shows it will invest USD 17 billion in infrastructure over the next four years. USD 6.5 billion...
  • Dirk Steffes new Board Director for Sales & Marketing at TX Logistik
    Dirk Steffes (43) as of 8 August 2011 will take over as Board Director for Sales & Marketing at TX Logistik AG, a private rail road traffic company founded in 1999, which, sinc...
  • Vessel lay ups are the way forward to provide a much needed correction
    Regarding the Drewry's quarterly Container Forecaster, the container industry is in dire need of a correction on the supply side and even the realisation of a decent peak season de...
  • KLM operates first scheduled flight on biokerosene
    KLM Royal Dutch Airlines became the first airline in the world to operate a commercial flight on biokerosene. Flight KL1233 - a Boeing 737-800 - recently took off from Schiphol bou...
  • Azerbaijan and Georgia signed an agreement for road project
    Azerbaijan and Georgia have signed an agreement on principles and conditions of financing , projecting, construction, rehabilitation/reconstruction and exploitation of Georgian sec...
  • Toyota plans to acquire a 50% stake in a truck and bus assembly firm in Kenya
    Toyota Corporation plans to acquire a 50 per cent stake in a local truck and bus assembly firm, as it seeks to position itself as the top seller of new vehicles in the country by e...
  • DB Schenker Rail UK wins award
    DB Schenker Rail UK is named 'Most Sustainable Transporter' by the International Produce Limited (IPL), a logistics supplier to Walmart. DB Schenker Rail UK won the award for deliv...
  • Free flowing traffic between Germany and Denmark
    The German-Danish traffic is running as usual between the ports of Rødby and Gedser. "In accordance with European legislation there have always been "random checks" in our Danish p...
  • Swissport corporate headquarters and station Zurich registered as ISAGO providers
    Swissport International, the world's leading provider of ground services to the aviation sector, has been awarded the IATA Safety Audit for Ground Operations (ISAGO) certificate fo...
  • Deutsche Post DHL sell courier and express business in China
    The German Deutsche Post DHL is withdrawing from the loss making domestic Chineses courier and express business. The future focus of the company will be on international shipments....
  • DB Schenker Logistics with new subsidiary in Iceland
    DB Schenker Logistics recently opened its own office in Reykjavik, Iceland. Prior to this, customers relied on the service of a partner. The new Iceland subsidiary now represents t...
  • Geodis Wilson opens new distribution centre in Jebel Ali
    Global forwarder and logistics service provider Geodis Wilson is opening an 8,500 sqm distribution centre in Jebel Ali South within the free zone of Dubai. It marks a strategic ste...
  • Van Seumeren family leaving Mammoet
    The van Seumeren family is selling its stake in international heavy lifting and transport specialist Mammoet and leaving the company. Roderik van Seumeren, President and CEO, Jan v...

World Wide Shipperweb site
JULY 7, 2011
  • Port of Tacoma unveils new Richard C. "Dick" Gilmur kayak launch
  • Top Ships announces sale of Panamax drybulk vessel
  • Hamburg Sud christens new 7,100teu container ship
  • Port of Camas-Washougal nets $200,000 planning grant
  • Braemar analysis finds glut in VLCC tonnage

Lloyd's Listweb site
JULY 7, 2011
  • Enigma of Indian ore
    The nation's protectionist impulse will keep hobbling its iron ore trades
  • Japan LNG imports dwarf South Korea
    As it demands more, Japan pays a higher price for its LNG from Qatar
  • Transatlantic cargoes dry up on US holiday
    Charter rates drop on northwest Europe to US Atlantic coast route
  • Balance of power shifting between ports, box lines and feeders
    With deepsea vessel sizes on the increase, transhipment operations are also on the rise, highlighting the tension between the competing needs of mother vessels and feederships
  • China's ore thirst keeps Australia and Brazil busy
    Global capesize and VLOC fleet finds growing employment on busy trade routes
  • CSAV suspends third service in three weeks to shrink fleet
    Breaking of North American link to Latin America follows suspension of transpacific and Asia-Mediterranean voyages
  • Novatek expands in Russian Arctic
    Russian gas producer is also talking up plans to export liquefied natural gas via the Northern shipping route
  • Shell makes push into Alaska region
    Dutch oil major has applied to US regulators to drill six wells in the Chukchi Sea, and an additional four wells at the adjacent Beufort Sea
  • Norwegian drillers march north to untapped Arctic
    Potential for the Arctic is huge, with an estimated possible undiscovered oil resources at 412bn barrels of oil equivalent
  • Strength before surplus
    P&I clubs are mutual and their purpose is to provide a cost-effective service, not a profit
  • The media revolution is not over yet
    The media revolution is not over yet, and there is still a great deal to be said for the anti-social media
  • Brillante Virtuoso blaze under control
    Suezmax was 20 miles from the Port of Aden when the fire was thought to have been started by RPG fire during a pirate attack
  • Brussels' modal split plan 'too rigid'
    Rotterdam port wants policymakers to halve the proposed 300 km minimum distance from ports as trigger point for funding to promote modal shift
  • Liverpool cruise terminal edges closer to winning go-ahead for turnarounds
    Shipping minister orders consultation, but says curbs could be lifted if city council repays $9m of public subsidies
  • Virtually there
    Shipowners' suspicions over the balance of power in Virtual Arrival will fade once the promise of savings becomes a reality
  • Tax-friendly regimes threaten UK shipping
    Changes to rules over non-domiciles should help keep nation competitive
  • Coating could cut fuel costs by 20%
    Report on eve of MEPC shows how simple solutions have potential to reduce CO2 emissions
  • YSC victim of drop in intra-Asia freight rates
    Korean container line was also awash with debt and could not avoid bankruptcy
  • Bulker pair prepare for Arctic route to China
    Two 32-year-old Russian vessels are part of Eurochem's plans to increase iron ore cargoes to Far East
  • Stolt Tankers slips on bunker fuel costs
    Chemical tanker recovery looks unlikely until 2013
  • Deme arm takes Beluga's 50% share in windfarm services provider Hochtief
    New venture to build and operate dynamically positioned offshore jack-up vessels
  • Big offshore deals pump up volumes of syndicated loans
    Syndicated lending to shipping hits $28bn in first half of 2011
  • Stick to ships, not chips
    STX's potential bid for memorychip maker Hynix is seen by the market as a bad idea
  • Southampton set for strike
    Managers deny action by health workers over council pay cuts will make port 'suffer badly'

Fairplayweb site
JULY 7, 2011
  • Berlin limits shipping aid
    GERMAN shipowners have warned that the government's cuts to maritime spending will hurt the country's flag
  • Liverpool seeks to end cruise limits
    BRITAIN'S government is considering allowing cruises to start and finish their voyages at Liverpool's City Cruise Terminal
  • Nigeria oil theft warned
    A REPORT today warned of the increased threat of ship-to-ship oil theft off the Niger Delta
  • Kuwait port angers Iraq
    IRAQ HAS called on Kuwait to cease construction of its Mubarak port, warning that the project will lead to an "economic war", IHS Global Insight reported today
  • CSAV services squeezed
    CHILEAN liner CSAV has pulled the plug on its third service in less than a month, halting its NACSA service along the Americas' Pacific coast
  • Baltic cruise concerns raised
    A LOOMING IMO committee decision could compel cruise lines to pull ships from Baltic ports, a high-level industry source has told Fairplay
  • Evergreen bides time on ULCSs
    TAIWAN'S Evergreen has told Fairplay that it won't be following other major carriers by ordering container ships of 10,000teu and larger
  • Manila port project delay rejected
    THE PHILIPPINE government has rejected a request by the new operator of Manila North Harbour to extend the deadline for its modernisation of the facility
  • London Club records surplus
    LONDON P&I Club has recorded a surplus of $3.6M for 2010/ 2011. This lifted free reserves to $145.1M - which is a record in its 145-year history
  • Tanger Med throughput rockets
    FIRST-half traffic through the Moroco's Tanger Med soared by 82% year on year to 16.3M tonnes following container growth and the transfer of ro-ro services to the port
  • Stolt-Nielsen profits jump
    OSLO-listed Stolt-Nielsen has posted a rise in net profits for the quarter ended 31 May, despite losses from its chemical tanker business
  • Intra-Asia MR rates rise
    INCREASED chartering activity by oil majors has strengthened intra-Asia MR rates this week, while eastbound LR1 and LR2 rates have softened
  • Hanjin seeks $150M from bond issue
    SOUTH Korea's Hanjin Shipping is hoping to raise at least $150M from issued convertible bonds carrying interest of 3.5-4%
  • SSA questions armed guards use
    THE SINGAPORE Shipping Association and the Asian Shipowners' Forum will raise concerns with the UN about the use of armed guards to protect ships from pirates, Fairplay has been told
  • DnB NOR tops loan ranks
    DNB NOR was the largest bookrunner of syndicated marine finance loans in 1H11, according to the latest Dealogic league tables

The Journal of Commerceweb site
JULY 7, 2011
  • CSAV Raises $430 Million in Capital
    Chilean carrier CSAV has raised $430 million of $500 million in additional capital from shareholders, and expects the rest to...
  • Democrats Decry 'Fantasy' Transportation Financing
    Democrats wasted no time Thursday in denouncing House Transportation and Infrastructure Committee Chairman John Mica's scaled-down plan for transportation spending....
  • House GOP Offers $210 Billion Transport Bill
    House Republicans on Thursday unveiled a $210 billion, six-year surface transportation bill they said could be leveraged to $450 billion,...
  • AFL to Sail First Ship Friday
    Startup carrier American Feeder Lines' first ship will depart Halifax, Nova Scotia, on Friday to begin a service its backers...
  • Industrial Shippers Petition STB For Rail Access
    The National Industrial Transportation League has asked the Surface Transportation Board to order competitive switching of cargoes to a second...
  • Freight Index Reaches Three-Year High
    The Cass Freight Index for U.S. shipping reached its highest level in three years in June, growing 4.9 percent from...
  • Carrier Alliance to Suspend Some Trans-Pacific Service
    Ocean carriers in the New World Alliance will suspend a trans-Pacific service this month due to slowing demand for retail...
  • STB Slashes Rail Shipper Dispute Filing Fees
    The regulator of economic disputes between railroads and their freight shippers has slashed its filing fee structure, meaning rail customers...
  • Indian Port Trucker Strike Ends
    A five-day-old trucker strike at India's Vallarpadam International Container Transshipment Terminal ended late Wednesday following talks between union leaders and...
  • Temasek Profit Soars
    Temasek Holdings, the Singapore government-owned sovereign wealth fund, rode higher contributions from portfolio companies that include Neptune Orient Lines, PSA...
  • House Democrat Targets Mexican Trucking Program
    Rep. Peter DeFazio, D-Ore., is trying to set limits on the Obama administration's cross-border trucking program with Mexico. DeFazio...
  • CMA CGM Starts Fifth Belgium-Germany Rail Shuttle
    CMA CGM has started providing intermodal rail service between the Belgian port of Zeebrugge and the tri-modal hub in Duisburg,...
  • CSX, KCS Announce Execute Staff Additions, Moves
    CSX Transportation and Kansas City Southern, two of the seven largest freight railroads in North America, announced several executive staff...
  • Eimskip Expands Iceland-North America Service
    Eimskip is expanding its Iceland-North America container service with the addition of a second vessel to keep pace with an...
  • Japan's Food Exports Tumble 16.6 Percent
    Japan's exports of agricultural, fishery and forestry products fell for the second straight month in May on a year-over-year basis,...
  • Hanjin Raises $150 Million in Bond Sale
    Hanjin Shipping raised $150 million Wednesday from the sale of five-year convertible bonds that it plans to use for general...
  • Republicans, Dems Blast GOP Transport Plan
    Two House Republicans joined Democrats Thursday in denouncing a transportation spending plan from House Transportation and Infrastructure Committee Chairman John...

Containerisation Internationalweb site
JULY 7, 2011
  • CSAV culls another service
  • EC vow to break the 'oligopoly' of ratings agencies
  • CMA CGM aims for rate restoration
  • PSA awarded box terminal concession at Dammam
  • Balanced transatlantic moves on up

TradeWindsweb site
JULY 7, 2011
  • Zim lifts rates
    Israeli liner giant fires back at "unsustainable rate levels" with general increase across South American trade lane.
  • CSAV chops loop
    Chilean liner operator pulls plug on another run as containership market hits the skids.
  • Rem ties up two
    Oslo-listed offshore owner poised to pocket $19m from fresh batch of support contracts.
  • Teekay talks conversion
    Surge in windfarm work may have carved a new niche for shipowner's ageing shuttle tankers, insider says.
  • SCF storms offshore arena
    Russian tanker powerhouse enters first phase of raid on offshore sector in race to cash in on rising demand.
  • Dock fraud claim rejected
    Appeal judges scathing over insurer's allegations to try to escape liability for loss of floating dock in tropical storm.
  • Tanker blaze under control
    Salvage vessels continue fight to save laden Greek controlled suezmax set alight in pirate RPG attack.
  • IHB selling bonds
    Bulgarian shipyard group to redeem 2008 issue with new debt sale.
  • Hanjin raises $150m
    Korean container line completes bond sale as it looks to fund newbuildings.
  • One in four VLs a no show
    VLCC newbuilding deliveries running 27% short of forecasts but oversupply still remains, Braemar says.
  • Clipper four jailed
    Danish owner's chief Per Gullestrup insists individual employees were to blame for tax evasion, not company.
  • Stolt pushes up profit
    Losses from its tanker fleet prove no obstacle as Oslo-listed owner posts improved bottom line.
  • PSV orders set new record
    Second quarter flood of contracts for larger platform supply vessels sets new high water mark, says Carnegie.
  • Phoon shuns armed guards
    Use of armed security teams is a trend new Singapore Shipping Association president Patrick Phoon is unhappy with.

American Shipperweb site
JULY 7, 2011
  • Mexico to lift retaliatory duties
  • CSAV drops another service
    Chilean liner carrier CSAV said Wednesday it is suspending another ocean service, the third to be dropped by the line in recent weeks. This time, it's the carrier's NACSA service between Mexico and the U.S. West Coast, a loop the carrier created i...
  • CMA CGM adds rate hikes, peak season charge
    CMA CGM said Wednesday it will seek increased rates on a host of trades, while reiterating the implementation of a peak season surcharge on the eastbound transpacific trade. The proposed increases are: From Mediterranean and Black Sea ports to t...
  • Pirate shots ignites tanker
    Fears that piracy off the Horn of Africa could lead to an environmental disaster came a bit closer to reality Wednesday when the crew of the Liberian-flagged supertankerBrilliante Virtuosoabandoned ship to escape a fire in the superstructure that b...
  • Maersk raises West Africa congestion surcharges
    Maersk is raising congestion surcharges at some West African ports. The changes differ widely, but for cargo originating in North America the surcharge will increase to $80 from $65 in Conkaray, Guinea for a 20-foot container and to $450 from $125 ...
  • OOCL's new ship goes into China/Mideast
    OOCL's new ship goes into China/Mideast OOCL's new ship goes into China/Mideast Liner carrier OOCL has taken delivery of a new 8,888-TEU vessel from Hudong-Zhonghua Shipbuilding in Shanghai. TheOOCL Canadais the second in a series of eight such ve...
  • Cargoitalia spreads wings in West Africa
    Lome, Togo-based Africa West Cargo has awarded Italian all-cargo airline Cargoitalia with a weekly ACMI (aircraft, crew, maintenance and insurance) program to provide a European link to its network via its main hub. The contract runs until further ...
  • TNT Post Italia in deal with retailer
    TNT Post Italia, a subsidiary of PostNL and the largest private operator in the Italian postal market, said it has entered a deal with the office supply chain Buffetti Group, that will allow customers to pick up TNT Post registered mail from Buffet...
  • U.S. Mexico sign cross border truck pact
    U.S. Transportation Secretary Ray LaHood and Mexico Secretary of Transportation and Communications Dionisio Arturo Pèrez-Jàcome Friscionesigned agreements on Wednesdayresolving the dispute over long-haul, cross-border trucking services between the...
  • ABF joins UPS with early rate increase
    Less-than-truckload carrier ABF Freight System announced a 6.9 percent general rate increase effective July 25. The pricing announcement comes on the heels of last week's news that competitor UPS Freight is implementing a similar rate increase for...

The Bunker Bulletinweb site
JULY 7, 2011
  • Terminal expansion completed
    New capacity will help meet growing regional demand, says Fujairah player.
  • Fujairah prices firm
    Suez bunker market rise.
  • Bunker markets firm
    Ongoing congestion at Rotterdam loading installations.
  • Russian supplier preparing return to Kerch
    New time chartered barge to service area.
  • Bunker anchorage: Minister calls for public debate
    Decision will only be taken after full discussion, says Gibraltar official.
  • New trainee for Dan-Bunkering
    Latest appointment is trainee for its account department.
  • High catfines triggers Boston fuel warning
    Three deliveries in late June had 'exceptionally high numbers' says Viswa Lab.
  • Asian bunker prices on uptrend
    Demand sluggish at key Asian bunker hubs on Wednesday.
  • Bunker demand drops at Pakistani ports
    Vessels are prohibited to bunker at anchorage due to rough seas during monsoon season.
  • Sinopec monthly bunker sales reach 400,000 mt
    Half of volume sold in the bonded bunker market, says company.
  • GS Caltex to export 'excess' bunker fuel oil
    Refiner offering two parcels including one 380 cSt bunker fuel oil cargo for July loading.
  • South Korean bunker volumes 'ample' in July
    But players expect weak demand.

›››File
FROM THE HOME PAGE
CK Hutchison threatens legal action against APM Terminals if it takes over Panamanian ports of Cristóbal and Balboa
Hong Kong
The Chinese company warns that the continued operation of the airports depends solely on the actions of the Supreme Court and the Panamanian state.
Fincantieri presents an industrial plan that foresees the doubling of the production capacity of military vessels in Italian shipyards
Milan
For civil production, a reallocation of volumes to Romanian shipyards and an expansion in Vietnam are planned.
Fincantieri and Generative Bionics sign agreement to develop humanoid welding robots.
Trieste/Genoa
The first tests at the Sestri Ponente shipyard are scheduled for the end of this year
Slight increase in annual freight traffic handled by Croatian ports
Zagreb
Sharp drop in dry bulk offset by increase in liquid cargoes and record containers
The Grendi group expects to close 2025 with a record turnover of 158 million euros (+33%)
Genoa
Revenues increased by 10%, net of the effect of the acquisition of Dario Perioli.
South Korean HMM's quarterly and annual performances were negative.
South Korean HMM's quarterly and annual performances were negative.
Seoul
In 2025 the container fleet transported 3.94 million TEUs (+3.2%)
Offer to acquire European express courier InPost
Amsterdam/Luxembourg
It was submitted by a consortium comprising Advent International (37%), FedEx (37%), A&R Investments (16%) and PPF Group (10%)
Transocean and Valaris sign merger agreement
Steinhausen/Hamilton
The new company will have a fleet of 73 offshore vessels, including 33 ultra-deepwater drillships
Hapag-Lloyd expects to close the 2025 financial year with a 61% decline in operating profit.
Hamburg
Record loads transported by the fleet, growing by +8%.
FS establishes a company specializing in transport and infrastructure consultancy
London
The new company is based in London
Maritime traffic in the Suez Canal fell by 3.4% last year.
Maritime traffic in the Suez Canal fell by 3.4% last year.
Cairo
Growth of +9.0% in the fourth quarter alone. In December, transits increased by +13.1%.
The simplification law, rather than making things easier, complicates the lives of ship captains and burdens them with additional operational and legal responsibilities.
Genoa
BYD and Automar reach agreement for vehicle traffic through the port of Gioia Tauro.
Schiedam
The goal is to serve the central-southern Italian market.
Maersk Group announces 15% ground-based job cuts
Maersk Group announces 15% ground-based job cuts
Copenhagen
The quarterly and annual financial results are impacted by the reduction in the value of maritime freight rates.
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Terminal Investment Limited puts hands on the Peruvian port of Pisco
Lima
Acquired the Portuario de Paracas Terminal
Assagenti urges a more constant and timely information on the progress of the work of the new dam of Genoa
Grimaldi has taken delivery of the Grande Michigan
Naples
It is the eighth Pure Car and Truck Carrier ammonia ready of the Neapolitan group
Meeting between the presidents of the Maritime Federation and Assoporti
Rome
Mario Mattioli and Roberto Petri addressed the main issues of the maritime cluster
Morocco's Marsa Maroc participates in the development of the port of Monrovia
Casablanca
Contract for the management of two docks and the construction of a multipurpose terminal
South Korea's Pan Ocean buys ten VLCCs from compatriot SK Shipping
Seoul
Transaction valued at approximately $668 million
Roberto Mantovanelli has been appointed Secretary General of the Northern Adriatic Port Authority.
Venice
The 2026-2028 Three-Year Operational Plan for the Ports of Venice and Chioggia has been approved.
Stefano Messina has been confirmed as president of Assarmatori
Rome
He will also lead the shipowners' association in the four-year period 2026-2030
In 2025, Albanian ports handled a record traffic of 8.2 million tons of goods (+6.2%)
Tirana
A new peak in passengers also amounted to 1.7 million units (+6.4%)
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
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