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Independent journal on economy and transport policy
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BRIEFS
May 11, 2011
The Business Timesweb site
Shipping News
  • Call for code of conduct as security 'cowboys' emerge
    Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming to cash in on the surge in Somali piracy.
  • Supertanker surplus cuts freight rates
    Hiring canal boats in London costs more than supertankers earn from shipping Saudi Arabian crude to Japan as a glut of the oil transporters cuts freight rates on the industry's most important trade route.
  • Crude oil tanker rates still depressed at W48s
    Crude oil tanker rates were steady, helped by lower bunker fuel costs although earnings continued to struggle to cover operating costs.
Strait Talk
  • Losses at sea continuing at an alarming rate
    A COUPLE of months ago, the Maltese-flag bulk carrier, the 75,208 dwt Oliva, set off from Singapore for Brazil with a cargo of soyabeans. She didn't make it to Brazil, though; she ran aground off Nightingale Island in the Tristan da Cunha archipelago in the South Atlantic in March, causing severe environmental damage in an internationally recognised bird sanctuary with UNESCO World Heritage Site status.
Shipping Times
  • Bombardier in US$3b rail order with Siemens
    Bombardier Inc's train unit has partnered with Siemens AG for what could be a US$3 billion-plus share of a high-speed rail contract in Germany, the Canadian company said on Monday.
  • High-speed Beijing-Shanghai railway to run trials
    A long-anticipated high-speed railway between Beijing and Shanghai is due to begin trial operations today, as China continued with its lavish rail spending boom despite recent losses and scandals.

The Business Timesweb site
Shipping News
  • Call for code of conduct as security 'cowboys' emerge
    Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming to cash in on the surge in Somali piracy.
  • Supertanker surplus cuts freight rates
    Hiring canal boats in London costs more than supertankers earn from shipping Saudi Arabian crude to Japan as a glut of the oil transporters cuts freight rates on the industry's most important trade route.
  • Crude oil tanker rates still depressed at W48s
    Crude oil tanker rates were steady, helped by lower bunker fuel costs although earnings continued to struggle to cover operating costs.
Strait Talk
  • Losses at sea continuing at an alarming rate
    A COUPLE of months ago, the Maltese-flag bulk carrier, the 75,208 dwt Oliva, set off from Singapore for Brazil with a cargo of soyabeans. She didn't make it to Brazil, though; she ran aground off Nightingale Island in the Tristan da Cunha archipelago in the South Atlantic in March, causing severe environmental damage in an internationally recognised bird sanctuary with UNESCO World Heritage Site status.
Shipping Times
  • Bombardier in US$3b rail order with Siemens
    Bombardier Inc's train unit has partnered with Siemens AG for what could be a US$3 billion-plus share of a high-speed rail contract in Germany, the Canadian company said on Monday.
  • High-speed Beijing-Shanghai railway to run trials
    A long-anticipated high-speed railway between Beijing and Shanghai is due to begin trial operations today, as China continued with its lavish rail spending boom despite recent losses and scandals.

The Business Timesweb site
Shipping News
  • Call for code of conduct as security 'cowboys' emerge
    Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming to cash in on the surge in Somali piracy.
  • Supertanker surplus cuts freight rates
    Hiring canal boats in London costs more than supertankers earn from shipping Saudi Arabian crude to Japan as a glut of the oil transporters cuts freight rates on the industry's most important trade route.
  • Crude oil tanker rates still depressed at W48s
    Crude oil tanker rates were steady, helped by lower bunker fuel costs although earnings continued to struggle to cover operating costs.
Strait Talk
  • Losses at sea continuing at an alarming rate
    A COUPLE of months ago, the Maltese-flag bulk carrier, the 75,208 dwt Oliva, set off from Singapore for Brazil with a cargo of soyabeans. She didn't make it to Brazil, though; she ran aground off Nightingale Island in the Tristan da Cunha archipelago in the South Atlantic in March, causing severe environmental damage in an internationally recognised bird sanctuary with UNESCO World Heritage Site status.
Shipping Times
  • Bombardier in US$3b rail order with Siemens
    Bombardier Inc's train unit has partnered with Siemens AG for what could be a US$3 billion-plus share of a high-speed rail contract in Germany, the Canadian company said on Monday.
  • High-speed Beijing-Shanghai railway to run trials
    A long-anticipated high-speed railway between Beijing and Shanghai is due to begin trial operations today, as China continued with its lavish rail spending boom despite recent losses and scandals.

Sched Netweb site
  • Taicang faces life without TCC as it reports first quarter volume up 30pc
  • Top admiralty lawyer seeks IMO to immunise armed guards on ships
  • Transshipments to Fujian's nearby provinces nearly double in first quarter
  • Interstate Container invests US$13 million in container packing for produce
  • Virginia Port Authority expects to run Richmond harbour from July
  • European forwarders enjoy April growth, but fear worse to come
  • FedEx Trade Networks opens more offices in France, Spain, India
  • Air cargo leads Seattle's Expeditors quarterly profit rise of 49pc
  • TSA grows uncertain of Dec 31 deadline for 100pc bellyhold screening

Exim Indiaweb site
  • FWPL successfully executes engineering & logistics for mammoth project
  • GL bolsters support of green ship recycling in Asia
  • ESPLL split into Essar Ports & Essar Shipping
  • ICTT receives ISO 28000 certification
  • New Mangalore Port receives 2nd box vessel this fiscal
  • Five-yr lock-in period envisaged for infra debt funds
  • Food inflation slows to three-week low
  • KASEZ exports grow 17.5 pc in 2010-11
  • SAIL plans pellet plant in Jharkhand

International Transport Journalweb site
MAY 10, 2011
  • Siemens builds first trains for Sochi in Russia
    Vladimir Yakunin, president of Russian Railways (RZD), and Peter Löscher, Siemens CEO, recently held a ceremony to mark the official launch of train production for the Russian city...
  • Air Cargo Center Berlin: construction work started
    Building work on the new BBI airport's airfreight centre for co-loaded cargo began last week. The freight platform, which comprises 12,000 sqm of hall space and 7,000 sqm of office...
  • Royal Jordanian B787 delivery delayed again
    Amman-based Royal Jordanian Airlines has said that it will receive its first of 11 Boeing B787s in 2014, almost four years after it initially intended. The carrier will receive its...
  • Flightcare Cargo joins Cargo 2000
    Flightcare Cargo Belgium and Flightcare Cargo Spain are the 18th and 19th ground handlers respectively to join the Iata quality programme Cargo 2000. Part of FCC Holding and a foun...
  • Construction begins on USD 105 million Memphis intermodal facility
    The US rail service provider Norfolk Southern Railways recently held a groundbreaking ceremony for the new Memphis Regional Intermodal Facility in Rossville TN (USA). The USD ...
  • Hazmat warehouse in port of Hamburg changes hands
    The German service provider Lehnkering is taking over K+P Gefahrgut Logistik GmbH's hazardous goods storage facility in Hamburg, as well as the staff that work there. Leh...
  • Eurosib inviting you to presentation in Munich
    The Russian rail service provider Eurosib is holding a short presentation at the Russian Federation's Ministry of Transport's stand (B3 229/330) at the Munich Transport Logistics F...
  • Logistic Services Danubius is now DB Schenker Rail Romania
    Logistic Services Danubius SRL was recently renamed DB Schenker Rail Romania SRL in Bucharest (Romania). The objectives of DB Schenker Rail Romania include shifting more freight fr...
  • Siemens wins its single largest mobile mining order
    Siemens Industry has received its biggest mobile mining order from Hitachi Construction Truck Machinery (HCTM). The contract foresees that Siemens will provide 50 additional EH4500...
  • UK: Yorkshire now Britain's hot spot for truck theft
    The Yorkshire Post has reported that figures from the UK's national policing unit for heavy goods vehicle crime reveal that in West Yorkshire alone, trucks and other commercial veh...
  • Moore Stephens calls on HMRC to consult on tonnage tax
    Leading accountant and shipping adviser, Moore Stephens, says companies operating within UK tonnage tax might consider leaving the UK, as a result of HMRC's decision to unilaterall...
  • Shipping company alliance CKYH launches sixth Far East service
    The container shipping companies Cosco, K Line, Yang Ming and Hanjin Shipping, which operate under the name CKYH - the Green Alliance, are launching a new liner service from Asia t...
  • BDB criticises WSV reform
    The German inland shipping organisation (Bundesverband der Deutschen Binnenschiffahrt/BDB) recently said that the Federal Transport Ministry's second report on the reorganisat...
  • The ITJ team and "Heidi J" awaiting you in Munich
    The ITJ and its editorial and sales staff would like to accord you a warm welcome to the transport logistic trade fair, the world's largest exhibition for transport and logistics w...
  • Expeditors International reports higher profit
    Seattle-based forwarding and logistics service provider Expeditors International of Washington Inc. reported a Q1/2011 net profit of USD 91 million, 49% more than USD 61 million in...
  • Ceva launches new organization for global supply chain management
    Logistics and SCM specialist Ceva Logistics is to create a new organization called Supply Chain Solutions. Ceva has taken this step in response to the changing and evolving needs o...
  • Basel: name change for the world's oldest forwarders' association
    The association of Basel freight forwarding and logistics companies (Basler Speditions-Logistiker/(VBSL), which was founded in 1882, is adopting a new name. Attendees o...
  • Karl Gross boosts management of Hamburg branch office
    The German forwarding company Karl Gross Internationale Spedition recently boosted the managerial team at its Hamburg branch office by the addition of Steffen Fulst. He was previou...

Marine Logweb site
MAY 10, 2011
  • P&I club warns: Don't put garbage in WCR
  • STX OSV reports strong first quarter
  • Metro Machine awarded $78.8 million Navy contract

World Wide Shipperweb site
MAY 10, 2011
  • Port of Vancouver nets DOT grant for freight access project
  • Port Metro Vancouver announces Blue Circle Award winners for 2010
  • NYK continues commitment to Chinese maritime universities
  • Crowley launches two barges to serve Western Alaska customers
  • Panama Canal Authority inks MOU with soy coalition

Lloyd's Listweb site
MAY 10, 2011
  • Costamare orders five 8,800 teu vessels for Evergreen service
    Brings spree since going public last November to 20 vessels valued at more than $1bn
  • Long-term VLCC fixtures secured amid volatile market
    Period rates boosted but daily rates remain low
  • BG's LNG shipping dips but liquefaction profits rise
    UK gas giant BG Group saw profits from its liquefied natural gas shipping operation fall 14% in the first quarter of 2011, against the same period last year
  • Lower time charter earnings drive Scorpio Tankers into the red
    Product tanker outlook encouraging, says Emanuele Lauro
  • Aframaxes flat as bunker dip bolsters charterers' position
    Rates on all major routes depressed as owners fear situation is unlikely to improve in short term
  • Panamaxes benefit from rise in Indian coal imports
    Panamax vessels are snatching up coal voyages from Indonesia and Australia's east coast to coal-hungry India
  • Maersk Broker to expand in Greece
    Senior brokers from Greek market to be recruited as London chief moves to Athens
  • Essar to split shipping and ports to tighten possible investors' focus
    Nature of risk and competition involved in each business is distinct and capable of attracting different stakeholders, says company
  • Knightsbridge says excess tonnage is frustrating plan to grow dividends
    John Fredriksen company reports 16% fall in profit as revenues slip
  • EMEC appoints new board
    Senior executive from electronics firm Kongsberg to replace Wärtsilä's Eskola as president
  • K Line puts two car carriers into cold lay up
    Carrier takes action as Japan car exports fall 25% in March
  • Antwerp aims to link with Chongqing by land-only train service
    Rail connection will complement maritime cargo flows rather than compete, says port president
  • Private security tackles pirates but fears raised over industry 'cowboys'
    Calls for code of practice to guide armed guards on vessels, now used on around 10% of transits in the Indian Ocean
  • Worrying development
    Rosatomflot's icebreakers, even the nuclear ones, are all ageing beasts built in the Soviet era
  • Eagle Bulk sinks to loss after Korea Line bad debt provision
    Supramax bulker specialist slides to a $5.8m net loss for the first three months
  • Precious first quarter profit dives
    Books net profit of $3.6m, a quarter of the figure recorded in same period a year ago
  • Asia traffic boosts Deutsche Post DHL revenues
    Group posts $18.4bn first quarter revenues and sees operating margins improve
  • Fuel for thought
    An International Maritime Organization consideration of ISO 8217 should resume as soon as possible
  • TOP Ships set for reverse stock split as it plots $115m offering
    Evangelos Pistiolis-led owner aims to reduce debt and hunt ships
  • Kiel sees surge in ro-ro volumes
    Port on track to break 6m tonne barrier as ro-ro traffic lifts handling figures
  • Eyebrows fully raised
    To be caught red handed with a 4 km oil slick trailing your ship by French spotter plane smacks of blatant disregard of the rules or, quite simply, pure stupidity
  • Warning over ballast system handling
    Updated communique pays special attention to procedures for treatment
  • Private Chinese yards will get state backing
    Government to put jobs ahead of fleet capacity concerns in effort to keep shipbuilders afloat
  • Merck to focus on carriers' carbon footprint
    Pharma company also expresses concerns about quality and freight rates
  • OOCL returns to Samsung Heavy for four more 13,000 teu ships
    Hong Kong carrier to pay $136m per vessel in follow up to March order for six boxships
  • Diana Containerships targets up to $172m from public offering
    Simeon Palios-led owner is negotiating two 3,500 teu secondhand vessels and sees ample number of boxships for acquisition
  • TBS falls to $17m loss in first quarter
    Weak rates continue to hit dry bulk operator after it secures reprieve from lenders
  • IMO to discuss private armed security guidelines
    Providers will be vetted by shipowners and operators to keep out 'cowboys'
  • CSAV beats Maersk in reliability
    Drewry study puts Chilean line top of league as Danish giant slips in first quarter of 2011
  • Sinochem International looks to build its empire
    Chinese player considers chemical tanker spinoff despite struggling market

Fairplayweb site
MAY 10, 2011
  • US coal exports surge
    US COAL exports are expected to reach 90M tonnes this year, the highest volumes in more than two decades, according to two major producers
  • Iran to aid Bahrainis
    IRAN WAS reported today to be readying aid ships to be sent next week to support government foes in Bahrain
  • Greeks seize 132 migrants
    GREEK port authorities have seized 132 migrants trying to slip illegally into Italy
  • Top seeks $100M lifeline
    EMBATTLED tanker and bulker owner Top Ships has proposed a heavily dilutive equity sale to meet its debt obligations
  • SeaFrance shrugs off P&O's move
    STRUGGLING Dover Strait ferry operator SeaFrance told Fairplay today that it does not expect a complaint by rival P&O to affect the EC's decision on its recapitalisation scheme
  • Precious profits drop 77%
    THAI DRYBULK carrier Precious Shipping today posted a 77% fall in net income for the first quarter, largely because of fewer asset sales than in the quarter last year
  • Japan to ship more LNG from Oz
    JX NIPPON has become the latest Japanese buyer to sign a deal to buy LNG from Chevron's Gorgon project off Western Australia, IHS World Energy Markets reported today
  • Pakistani breakers grab VLCC share
    PAKISTANI shipbreakers attracted VLCCs last week as environmental requirements in Bangladesh and India and lower scrap prices in China deterred owners
  • VLCC bunker break seen
    SINGAPORE brokers told Fairplay today that VLCC owners are finding some relief from lower bunker prices
  • Tran-Pacific box rates rise
    TRANS-Pacific box rates have improved further, while the rate of decline in Asia/Europe box rates has slowed
  • Essar finalises split
    INDIA'S Essar Shipping Ports & Logistics has announced the completion of its demerger into separate units for ports and shipping
  • STX OSV keeps offshore focus
    NORWEGIAN shipbuilder STX OSV has told Fairplay it plans to maintain its focus on offshore vessels, despite its order for eight LPG carriers from Transpetro
  • Diana Containerships plots growth
    NEWLY listed Diana Containerships has launched a follow-on offering to pay for two more ship acquisitions
  • Teekay's rating pared
    CREDIT agency Moody's has graded down its ratings of Teekay's corporate family and its senior unsecured debt
  • TBS back in crisis mode
    BULKER and tweendecker owner TBS suffered heavy losses in its first quarter and warned that it must raise more cash to meet 2H11 obligations

The Journal of Commerceweb site
MAY 10, 2011
  • Bill Aims to Increase Truck Parking Spaces
    Rep. Paul Tonko, D-N.Y., will re-introduce a bill Wednesday aimed at creating safer and more secure parking spaces for long-haul...
  • USPS Loss Reaches $2.2 Billion
    The U.S. Postal Service's red ink got deeper in its fiscal second quarter, as continued high costs and a 3.1...
  • Truckload Capacity Seen Tightening
    The weekly Longbow Research Truckload Barometer increased 1.3 percent last week, ending a month-long drop in April, indicating tighter availability...
  • Gernandt to Succeed Kuehne as K+N Chairman
    Karl Gernandt will succeed Klaus-Michael Kuehne as chairman of German forwarder and logistics company Kuehne + Nagel. Kuehne announced...
  • YRC Worldwide to Hire Network Engineers
    YRC Worldwide is searching for engineers to help optimize its network to save fuel ' and money ' by making...
  • ATSG Profit Falls 61 Percent
    Air Transport Services Group saw net profit drop 61 percent in the first quarter ending March 31 from the same...
  • Higher Fuel Costs Pinch Sysco Income
    A $14 million increase in fuel costs helped boost operating expenses at food service company Sysco 10.6 percent in the...
  • US Wholesale Inventories Up, Sales Growing Faster
    U.S. wholesalers' inventories rose for the 15th straight month in March but sales grew even faster, signaling that companies will...
  • Seaspan Adds 60th Ship to Fleet
    Container ship owner-charterer Seaspan took delivery of its 60th ship, which has been chartered to "K" Line. The Berlin...
  • Asia-Europe Bunker Surcharge Hits Record High
    Ocean container carriers are levying record bunker fuel surcharges on shipping lanes between Asia and North Europe route, an industry...
  • China Trade Surplus Hits $11.43 Billion
    China's trade surplus jumped to $11.43 billion in April as surging exports outpaced import growth despite government efforts to shift...
  • Survey Finds Japan's Firms Pessimistic on 2011 Results
    One-third of Japanese firms expect to see their revenue and profit decline in the fiscal year 2011-2012 which started on...
  • UN Forecasts 1.5 Percent Japan Economy Growth
    Japan's economic growth will slow to 1.5 percent in inflation-adjusted terms this year from 3.9 percent last year, the United...
  • India's Port Container Traffic Inches Up 2 Percent
    Container traffic at major ports in India grew a mere 2 percent in April compared with a year earlier, according...
  • Emirates Boosts Cargo Revenue to Record $2.4 Billion
    Emirates SkyCargo boosted revenue 27.6 percent to a record $2.4 billion in the 12 months through the end of March...
  • Diana Containerships Eyes $172.5 Million Offering
    Diana Containerships is planning a public offering of up to $172.5 million to pay down debt and build its fleet...
  • Deutsche Post DHL Operating Profit Jumps to $906 Million
    Deutsche Post DHL increased first quarter operating profit 23 percent from a year ago to $906 million as strong growth...
  • Lufthansa Cargo Traffic Jumps 24.8 Percent
    Lufthansa Cargo boosted freight traffic by 24.8 percent in April from a year ago, driven by surging volumes across its...

Containerisation Internationalweb site
MAY 10, 2011
  • Schedule reliability down
  • China's trade surplus soars
  • Shippers warned to expect higher BAFs
  • FMC 'taking up' new container freight indices/derivatives
  • HSBC research reveals MENA strength

TradeWindsweb site
MAY 10, 2011
  • Beluga's bunker battle
    Another chapter added to saga of insolvent German heavy-lift operator as legal drama unfolds in California.
  • Omega hits snooze
    Banks dial back debt clock by three days as George Kassiotis-controlled product tanker owner races to restructure loan packages.
  • Rates sting Scorpio
    Emanuele Lauro sees product tanker recovery on the horizon following first-quarter loss but duration of revival remains unclear.
  • OOIL slips in four more
    Hong Kong-listed boxship owner takes 13,000-teu haul at Samsung to 10 with $544m splash.
  • BSL starts Swedish service
    Estonian company using DFDS ro-ro for new run from Paldiski to Kapellskar.
  • Solvang still not happy
    Oslo-listed owner says performance of its shipping division remains unsatisfactory despite a return to the black.
  • Dof chases fresh bankroll
    Oslo-listed offshore group calls on capital markets to fill financing gap tied to STX Europe order.
  • Platou turns positive
    Slump in container rates has bottomed out says RS Platou Markets as it upgrades sector and two leading owners.
  • Lampke lines up takeover
    German liner player PWL Group strikes deal with Sloman Neptun for its ship agency business.
  • Knightsbridge lags Street
    John Fredriksen-controlled shipowner sees first quarter numbers land short of forecasts.
  • Dry's depressing reality
    Bulker owners face four more years of pain as record orderbook is delivered, analyst warns.
  • Precious profit slashed
    Thai bulker owner sees revenues dwindle in first quarter, while operating costs rise.
  • Siem back in the black
    Oslo-listed offshore shipowner posts a profit in the first quarter as AHTS investment pays off.
  • Investments bail out Wan Hai
    Taiwanese container line's first quarter profit rises despite growing operating costs.

American Shipperweb site
MAY 10, 2011
  • Steinke to receive Connie Award
    Richard D. Steinke, who will retire this year as executive director of the Port of Long Beach, has been selected to receive the Containerization & Intermodal Institute's (CII) Connie Award. Steinke During his 14-year career at the port, Steinke le...
  • Essar Shipping splits in half
    Mumbai-based Essar Shipping Ports & Logistics Ltd. said Monday it is dividing its operations into two companies -- Essar Ports and Essar Shipping. For every three shares held of the current company, shareholders will get two shares of Essar Ports a...
  • Shipco restarts LCL service to Greece
    Non-vessel-operating common carrier Shipco Transport has restarted its direct less-than-containerload service from New York to Piraeus, Greece, citing an uptake in cargo volumes to the Mediterranean from the United States. The service will improve ...
  • Soy shippers, Panama Canal partner on trade
    The Soy Transportation Coalition on Monday signed a memorandum of understanding with the Panama Canal Authority, marking the first time that a shipper organization has offered to partner on promoting the 2014 expansion of the Panama Canal. At the ...
  • Higher volumes, rates pull BNSF forward
    BNSF Railway had first quarter net profit of $607 million, 20 percent more than the $506 million recorded in the same 2010 period, according to a summary of its results provided by parent company Berkshire Hathaway last week. Berkshire provided a q...
  • Four new board members for TIACA
    The International Air Cargo Association has named four new members to its board of directors, the organization said Monday. The new TIACA board members are: Oliver Evans, chief cargo officer of Swiss International Airlines. Neel Shah, senior vi...
  • TBS reports loss as revenue shrinks
    TBS International said it had a first quarter net loss of $18 million compared to a $7.8 million loss in the same 2010 period. Revenue was $89.8 million in the first quarter compared to $100.1 million in the first quarter of 2010. The company warne...
  • Drewry: Liner reliability falls in Q1
    Container service reliability declined for the second quarter in a row during the first quarter of 2011, according toDrewry Maritime Research's latest Schedule Reliability Insightreport. The proportion of the 2,972 vessel calls arriving on time at...
  • Low rates 'reduce incentive'?
    Low rates 'reduce incentive'? Low rates 'reduce incentive'?...
  • Quarterly results
    Higher volumes, rates pull BNSF forwardBNSF Railway had first quarter net profit of $607 million, 20 percent more than the $506 million recorded in the same 2010 period, according to a summary of its results provided by parent company Berkshire Hat...

The Bunker Bulletinweb site
MAY 10, 2011
  • Middle East prices mixed
    Avails 'extremely tight' in Durban.
  • Port of Gothenburg outlines environmental incentives
    Sweeteners include differentiated port dues, low sulphur fuel reimbursement and funds for retrofitting vessels with LNG propulsion.
  • Cruise industry shrinks as environmental rules tighten
    International Association of Antarctic Tour Operators expects another fall in passenger numbers.
  • Rotterdam prices rise
    Congestion at Rotterdam loading terminals.
  • RCCL highlights fuel strategy advantage
    Has kept relative fuel cost and consumption down, tells Bunkerworld conference about its emission mitigation strategies.
  • BAFs outstripping bunker price increases
    Alphaliner says bunker surcharges are at a record high.
  • Bridge reopens after bunker barge collision
    Investigation continuing into cause of Fremantle accident.
  • Asian bunker prices generally firming
    Demand mostly low at key Asian bunker ports on Tuesday, say traders.
  • Bulk carrier runs aground, leaks bunkers in Philippines
    Vessel enroute to India when it ran aground in southern Philippines on Sunday morning.
  • Australian bunker station gets upgrade
    With the addition of two new sewage pump-out units.
  • NYK gets 'excellent' rating for environmental efforts
    Shipping company gets top rating from the Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Rising bunker prices putting 'pressure' on profits
    Political unrest and increase in demand for crude and refined oils 'has had direct impact on cost of bunkers.'

›››File
FROM THE HOME PAGE
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the first half of 2025, container traffic in the port of Gioia Tauro grew by +10.5%
Joy Taurus
2,186,211 TEUs were handled
A bulk carrier was attacked in the Red Sea
Portsmouth
The crew abandoned the ship which began to take on water
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
Rijeka Gateway Terminal to become operational in early September
Copenhagen
The first ship at the second container terminal of the Croatian port is expected on September 12
Falteri (Federlogistica) urges us to focus on the development of "polycentric" logistics
Genoa
The Simplified Logistics Zone should be the cornerstone of the strategy
Tsuneishi Shipbuilding Co. acquired Mitsui E&S Shipbuilding Co.
Hiroshima/Tokyo
It was renamed Tsuneishi Solutions Tokyobay Co.
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
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