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BRIEFS
May 17, 2011
The Business Timesweb site
Shipping News
  • Main freight index to rebound in H2: poll
    THE main global freight index will rebound in the second half of this year to average 1,500 points, driven by a recovery in Australian coal exports and strong shipping demand, a Reuters poll showed yesterday.
  • Warning shots fired at M'sia aid ship to Gaza
    ISRAELI naval forces fired warning shots yesterday at a ship carrying aid to Gaza as it approached the shore, forcing it to withdraw to Egyptian waters, the vessel's Malaysian organiser told AFP.
  • Indian seamen may boycott Gulf of Aden
    INDIAN seafarers have threatened to refuse to sail to pirate-infested Gulf of Aden if foreign governments failed to stem surging violent attacks on seamen on high seas.
  • Global LNG supply tight from late 2011: Barclay's Capital

Sched Netweb site
  • Grand Alliance all-water US east coast service calls at Da Chan Bay
  • Maersk-Safmarine upgrades Far East-West Africa service offering
  • Guangdong cargo volume increases 5.5pc but growth rate slows 20pc
  • April LA box volume increased 3.7pc while Long Beach leapt 14.6pc
  • Hong Kong first quarter GDP increases 7.2pc, exports rise 16.8pc
  • US March exports hit record highs, up 4.6pc, imports rise $4.9pc
  • TS Lines launches intra-Asian Taiwan, Hong Kong Indonesian loop
  • Island province of Hainan experiences 10pc rise in first quarter cargo volume
  • Horizon sheds logistics arm to Pennsylvania's Logistics Plus
  • New Orleans to ban deepwater shipping if Mississippi floods rise over 18 feet
  • Hainan provincial quarterly imports rise, but exports fall
  • Costamare orders 5 already chartered box ships, finances 2 newbuildings
  • Port of Savannah to handle Volkswagen Chattanooga auto parts
  • Seaspan receives 4,500-TEU newbuilding to be chartered to 'K' Line
  • Israel sets Q1 volume at 601,000 TEU, but has no comparative figures
  • Hamburg's HHLA Q1 profit up 47pc to US$23.6 million, boxes up 32pc
  • OECD's International Transport Forum 2011 in Leipzig meets May 25-27
  • New Lufthansa Cargo CEO says high oil, rising demand to boost rates
  • Frankfurt Airport April tonnage up 12.8pc as quarterly profit rises 11pc
  • Cameroon Airlines awards EFIS Air French GSA contract

Exim Indiaweb site
  • India tells IMO not to extend piracy zone nearer to coast
  • Safmarine opens regional office in Chennai
  • Dip in soyameal exports likely this month
  • EUs new trade scheme to deny India sops
  • Guar gum exports may set a new record this year
  • India to pay for Iran oil in , other currencies
  • CFSs near JN Port free to take call on handling hazmat
  • JSW Jaigarh Ports salient features highlighted at trade meet
  • Nhava Sheva CFS blaze being investigated
  • Supreme Court verdict clears way for JNPTs fourth box terminal
  • FinMin reproaches Rlys for poor record in awarding PPP projects
  • Rlys successfully operates 90-box 'python' train
  • 1-yr extension likely for wheat products exports
  • Exports surge 34.4 per cent in April
  • FDI sinks to 4-year low at $ 27 bn
  • Growth may start tapering down from July, Fieo warns exporters
  • IIP growth slows in 2010-11
  • India, Australia begin CECA negotiations
  • Report shows GCC states shifting towards Asia's emerging markets

International Transport Journalweb site
MAY 16, 2011
  • Oman Air launching second new service this month
    Oman Air, the national carrier of the Sultanate of Oman, will launch a thrice-weekly service between the country's capital Muscat and Zanzibar from today (16 May). It is the carrie...
  • Camair to launch second African destination outside domestic market
    The new Cameroon carrier Camair-Co, which started scheduled operations on 28 March 2011 (cf. ITJ Daily of 28 February 2011), with a Douala-Yaounde-Paris-CDG service, is progressive...
  • Coal India plans to build 350 km of new railway lines
    Coal India Ltd proposes to build three new rail links, with a total length of 350 km, to connect its coal fields in the interior. The construction cost for a new rail line, excludi...
  • 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 of ...
  • 24plus: network sales climb to EUR 420.6 million
    The general cargo alliance 24plus logistics ceased to feel the effects of the economic crisis in 2010, and succeeded in boosting the network revenue by 9.5% to EUR 420.6 ...
  • Kuehne + Nagel receives quality seal for rail forwarding
    IBS, the interest group of rail freight forwarders (IBS), has presented its IBS Q1 quality certificate to the giant forwarder Kuehne + Nagel, for its particularly efficient an...
  • Elvis rolls out first part load network system
    The truck-load alliance Elvis recently introduced a part load system with hub cross-loading at its location in Hombergin (Germany). The part load system is operated by the alliance...
  • Flash Europe opens branches in St Petersburg and Istanbul
    Flash Europe, a specialist for swift transport services, recently opened a new branch office in Turkey and one in Russia. The two new facilities are of strategic importance for Fla...
  • Kiel: cargo handling rises by more than 25%
    The port of Kiel (Germany) handled about 2.2 million t of cargo in the first four months of the current year, a 25% increase compared to the same period last year. The ferry lines ...
  • Hapag-Lloyd boosts revenues in Q1/2011
    The German shipping company Hapag-Lloyd managed to boost its Q1/2011 revenues to EUR 1.483 million, which is 16.5% higher than the first quarter of 2010. The main reason for this a...
  • Shipping Corporation of India orders 31 new vessels
    Shipping Corporation of India, the country's largest shipping company, recently inked an agreement for the purchase of two supramax bulk carriers with Chinese Grand Yard Investment...
  • Balnak Logistics names new marketing and sales manager.
    The Turkish service provider Balnak Logistics has appointed Gurur Eralp as its new marketing and sales manager. Eralp, who has worked for the company since 2006, graduated from Mar...
  • ANA Aviation to be UK and Ireland Cargo GSA for Gabon Airlines
    The London-based airline management provider ANA Aviation was selected to be the UK and Ireland cargo GSA for Gabon Airlines, effective 1 May 2011. The carrier operates t...
  • Dr Rausch elected to BVL board
    Members of the German Logistics Association (BVL) recently elected Dr Karl-Friedrich Rausch to the trade body's board at a recent assembly in Munich (Germany). Rausch has been head...
  • Alcaro Invest inks another settlement contract
    Alcaro Invest is investing again in the Berlin Süd Grossbeeren freight village after the company was able to fully let a 44,000 sqm logistics area within eighteen months. At the tr...

Marine Logweb site
MAY 16, 2011
  • Business as usual at Port of New Orleans
  • Maritime industry makes its voice heard on Capitol Hill
  • Rowan sells LeTourneau for $1.1 billion cash
  • Keppel FELS books $772 million jack-up order
  • Bureau Veritas sees new pressures for operational efficiency

World Wide Shipperweb site
MAY 16, 2011
  • Port of Olympia FTZ No. 216 set for reorganization program
  • Crowley Maritime earns new State Department designation
  • NOL Group reports first quarter numbers
  • Washington State Ferries honored for carpool/vanpool rideshare efforts
  • Hanjin Shipping receives new 10,000teu container ship

Lloyd's Listweb site
  • Korea Line continues to offload tanker fleet with VLCC sales
    Troubled Asian company adds deal to other tanker sales concluded in the last two months
  • Pakistan breakers buy third VLCC
    Chittagong yard takes Titan VLCC as Indian and Bangladeshi demand remains sluggish
  • Aframax activity picks up
    Four contracts reported around the $16,000 per day mark
  • LPG price volatility sees VLGC charter rates slide to 12-week low
    Charter rates for very large gas carriers have slumped to a 12-week low on a reluctance to trade and charter vessels amid volatile prices for liquefied petroleum gas
  • China pays premium for older dry bulk tonnage
    Secondhand able to consider secondhand sales over demolition
  • Eagle Bulk starts selling supramaxes
    Dry bulk owner with large exposure to troubled Korea Line offloads tonnage
  • Newlead pays out $25m for former Korea Line-linked handysize
    Eight-year-old Newlead Prosperity was under bareboat hire purchase deal with Capital Maritime
  • Dividend decision disappoints GSL investors
    Loan-to-value ratio drops below 75%, thus reducing interest margin paid on borrowings from 3.5% to 3%
  • First Deep Sea Metro drillship named at Hyundai
    Former Athens Olympics boss Gianna Angelopoulos does the honours for BG-chartered vessel
  • APM Terminals wins legal battle to bid for Indian port development
    Two years of wrangling ends in Supreme Court victory for joint venture
  • Operational efficiency critical, says Bureau Veritas
    Class society argues for a definition of efficiency that is eco-friendly ' and safe
  • Details emerge of Hapag-Lloyd's $925m newbuilds loan
    Bookrunners say banks keen to join syndicate financing 13,200 teu boxships
  • Moody's upbeat on container shipping companies' credit quality
    But rating agency urges disciplined investment approach in 'fragile' recovery
  • Teekay Offshore gears up for $750m in follow-on equity raising
    Proceeds to fund assets and reduce parent debt
  • The iceships cometh
    Advocates of the northern sea route such as Norwegian shipowner Felix Tschudi are setting the stage for future investment
  • Rongsheng share price tumbles as analysts take a downbeat view
    Barclays Capital note says market expectations are irreconcilable with the collapse in bulk newbuild ordering
  • Reluctant harmony
    Complying with EU rules on seafarers' pay will almost certainly cost the UK jobs
  • Pirates routed by naval forces
    Danes free 16 Iranian hostages and kill 4 pirates
  • Logistics arm lifts NOL first-quarter results
    Neptune Orient Lines posts $10m loss but supply chain business APL sees 24% rise in revenues
  • Old yard ways are dying
    Go back ten years and Croatia was fighting off the competition. But no more. The bureaucrats from the European Commission have put paid to that
  • Port Hedland iron ore shipments to China fall 11.5% in April
    But total iron ore shipments to China up 5.6% on a year-on-year basis
  • Singapore container throughput rises 3% in first four months
    April bunker sales down 5.1% on same month last year
  • Keppel FELS wins $772m order for four jack-ups
    Standard Drilling deal supersedes earlier option arrangements
  • Satellite providers report strong growth in first quarter
    Inmarsat and Iridium see shipowners move from voice communications to data services
  • Inmarsat's Global Xpress comes under fire
    Shipowners should learn more about competitor services, says satcomms provider
  • Capital and Crude get engaged
    Motivation aplenty can be found for the proposed merger of the two Evangelos Marinakis-headed tanker companies
  • Is it time for more tanker owners to tie the knot?
    After a fallow period for M&A activity, the sector could be poised to enter a fertile period for deals
  • Energy efficiency design index is rational, safe and effective
    Formula may not apply to all ships, but will deal with the most energy-intensive first

Fairplayweb site
MAY 16, 2011
  • Israeli warning shots turn ship back
    ISRAELI sailors reportedly fired warning shots at a commercial ship approaching the Gaza Strip today
  • Capesize rates weigh on BDI
    THE BALTIC Dry Index fell today to its lowest level in more than two weeks as the surplus of Capesize vessels continued to rise
  • FESCO reverses losses
    FESCO'S audited accounts show the group swung to profits in 2010, but its fleet arm struggled
  • Savannah improving intermodal ties
    CONTAINER drayage to and from Savannah will be improved with a $140M highway extension to improve intermodal truck access
  • Ships leave US 'ghost fleet'
    COASTAL tanker Sagamore is one of two ageing vessels scheduled to be towed today from the Maritime Administration's California 'ghost fleet' at Suisun Bay to a Texas recycling yard
  • MSC cruise interrupted
    MSC OPERA, on the first of 13 cruises scheduled from Southampton, was towed today to Nynäshamn, south of the Swedish capital Stockholm
  • LNG brokers seeking deals for longer periods
    BROKERS see rising demand this week for medium-term LNG deals, with Asian buyers trying to avoid exposure to bullish oil prices via longer-term deals
  • Quake and floods boost product tankers
    JAPAN'S quake crisis in March and today's continued Mississippi flooding are boosting product tanker trades, brokers said
  • Once more into the beach
    A FIFTH VLCC has been sold for demolition already this year, said Erik Nikolai Stavseth, shipping analyst at Arctic Securities in Oslo
  • Asian shipping stocks fall
    SHIPPING stocks were mostly down in Asia today as markets were hit by concerns over the European debt crisis and lower oil prices
  • Ports praise US bills
    TRANSPORT funding measures introduced in the US Senate would drastically increase the amount of money available for port expansions
  • Oz terminal plan advances
    SOUTH Australia's government has approved plans by a Flinders Ports-led consortium to conduct an environmental impact study into a proposal to develop an iron ore export facility in Port Bonython
  • Fertilizer swap screen assessed
    FAA BROKERS and commodities traders in Singapore were quick today to assess the Cleartrade Exchange's distribution of a new screen for fertilizer swaps
  • Asia/Europe box capacity trim mulled
    CONTAINER carriers could cut Asia/Europe capacity because freight rates are declining under the influx of bigger ships
  • Monsoon soaks breakers
    SOUTH Asian shipbreakers are cutting rates today as the monsoon season rains down the market

The Journal of Commerceweb site
MAY 16, 2011
  • Diesel Price Slides Another 4.3 Cents
    Average diesel prices across the U.S. fell for the second week in a row in the past week, sliding 4.3...
  • Crowley Warehouse Wins High-Security Designation
    The State Department designated Crowley Maritime Corp.'s Miami logistics warehouse as a Consolidated Receiving Point facility, allowing the company to...
  • Container Supplies to Remain Tight, WSC Says
    Shippers and carriers can expect container supplies to remain tight this year as the industry tries to catch up from...
  • New Orleans Port Open as Dredging Intensifies
    The Army Corps of Engineers stepped up efforts this weekend to clear sediment the Mississippi River's high water is pushing...
  • Steel Exports Up 5 Percent
    Steel exports rose 5 percent to 3.14 million tons in the first quarter as March volume rebounded from weak February...
  • Supreme Court Rejects BNSF Appeal in Rate Case
    The U.S. Supreme Court rejected BNSF Railway's attempt to overturn a 2009 regulatory case decision that the railroad charged unreasonable...
  • Obama Pushes Transport Agenda
    President Obama gave a strong push to a transportation infrastructure program that builds on the 2009 stimulus program to repair...
  • Georgia Governor Backs Savannah Port Highway Plan
    Georgia Gov. Nathan Deal on Monday endorsed construction of an estimated $140 million highway that would link the Port of...
  • Is Shipping Hedging on Derivatives?
    If conversation were currency, freight rate derivatives would be trading on a rich exchange. But when a small U.S. freight...
  • Exports Fuel Savannah Cargo Growth
    The Port of Savannah posted its second highest monthly volume ever in April when it handled 260,035 20-foot equivalent units,...
  • DFDS Returns to Profit on Baltic Gains
    DFDS, Europe's largest short sea shipping company, returned to profit in 2010 on strong cargo growth on its core Baltic...
  • Fesco Reverses Loss, Posts $456 Million Profit
    Fesco, owner of Russia's largest ocean container carrier, swung to a $456 million net profit in 2010 from a year-earlier...
  • Cosco Sets War-Risk Surcharge in Libya
    Cosco Container Lines announced a war-risk surcharge on all shipments from the Far East and the Indian subcontinent to ports...
  • Japan Report Claims Unfair Trade Practices
    A new Japanese government report is charging the country suffers from unfair practices by its trading partners, including 38 policies...
  • Widdows' Role
    Of the major east-west container lines, none has a larger share of its fleet ' 44 percent ' deployed in...
  • Derailing the Economy
    Any widespread shutdown of train systems in the aftermath of an attack ' even for a few days ' would...
  • Trains in the Line Of Fire
    In the days after the May 1 raid that killed Osama bin Laden, news that al Qaeda, the terrorist group...
  • LTL Pricing in Higher Gear
    Less-than-truckload carriers spent the better part of last year stuck behind truckload operators, struggling to raise rates. They gained ground...
  • Who to Pay?
    Q: For a domestic shipment moving under a uniform bill of lading, it's been my understanding that a carrier can...
  • Amber Waves of Rain
    Alan Kemper, president of the American Soybean Association, was speaking because he had some unplanned idle time on his farm...
  • Weaving Competition for China
    Rising competition for China's apparel and footwear manufacturers is showing up in U.S. containerized imports. China remains the dominant...
  • Steinke Turns the Page
    Richard Steinke is a humble man. As the executive director of the Port of Long Beach, he has shepherded the...
  • Pacific Northwest Ports Building on Exports
    Moffatt & Nichol economist Walter Kemmsies calls exports the "unspoken hero" of the U.S. economic recovery, and they may well...
  • Agents of Risk
    File this under the header, "What can happen when you tick an agency off." Laura Stevens is a former...
  • Customs Packages Air Cargo Screening
    Customs and Border Protection is bringing its risk management experience to bear on the problem of identifying potential terrorist threats...
  • Transport Bill's Blind Curve
    Washington policymakers could be weeks away from discussing what a long-term surface transportation bill might look like, but they're already...
  • SSE Defends Methods, Transparency
    The Shanghai Shipping Exchange says "general derogatory remarks" about the exchange and Shanghai Containerized Freight Index suggest the operation is...

Containerisation Internationalweb site
MAY 16, 2011
  • Best in class for APMM's hitherto prodigal child
    There is something rather annoying about the top boy at school - always having the right answers in class; breezing through his exams, and often, still having the time to excel on the sports field
  • CSAV: numbers up but average rate down
  • More details on Seago revealed
  • US import growth to stall
  • MSC Carouge smashes Montreal container record
  • Hanjin Shipping joins the Q1 red-figured carrier club

TradeWindsweb site
MAY 16, 2011
  • Blackrock cuts Cosco stake
    US Hedge fund sells off shares worth over $400,000 in Hong Kong-listed shipping giant.
  • Capital sells to NewLead?
    Evangelos Marinakis-led Capital Ship Management appears to be the seller of handysize bulker to Nasdaq-listed rival.
  • GSL sees steady start 2011
    New York-listed shipowner says dry-docking cost it a better first quarter of 2011.
  • Bonython boost
    Flinders Ports gets go-ahead for environmental study of new $700m iron ore export terminal in Australia.
  • Mermaid sinks to loss
    Singapore-listed offshore contractor posts a first quarter deficit despite higher sales.
  • Meiji makes a loss
    Japanese tanker and bulker owner hit by higher costs in year to 31 March, but plots return to profit.
  • Ro-ro ships go red
    National owner Montenegro Lines falls to loss in 2010 as revenues decline.
  • Hoegh bound for Oslo Bors
    Norwegian owner's gasship spin-off tips shares to begin trading in the capital by mid June.
  • Cruiseship saves Cubans
    World's largest cruiseship comes to the rescue of nine Cubans adrift at sea.
  • DHT taps another VLCC
    Svein Moxnes Harfjeld-headed tanker owner has added a sixth VL to its expanding fleet.
  • Srab losses widen
    Swedish tanker owner suffers again in the first quarter as revenues decline in tough markets.
  • Pirates raise their game
    An RPG is fired at a Maersk LPG tanker as pirates target three ships during weekend frenzy.
  • Hapag bags huge loan
    German owner seals deal with banking syndicate for $925m to fund 10 mega-boxships on order in Korea.
  • Kuribayashi slumps to loss
    Japanese ro-ro owner's falls well short of its own full year target.
  • Japan holds 20
    Boxship SITC Passion among slew of general cargoships that failed port state inspections in April.
  • Wan Hai in bond bid
    Taiwanese owner comes up with $100m fundraiser to cut debt and buy ships.
  • Opera in Baltic breakdown
    MSC Cruises vessel with 1,800 people onboard has been towed to port near Stockholm after losing power.

American Shipperweb site
MAY 16, 2011
  • Swiss WorldCargo adds four destinations
    Swiss WorldCargo said last week it is adding four destinations to its network in June. The new destinations from Zurich are Beijing, Anchorage, Orlando and Beirut, and operated in partnership with Edelweiss Air. The airline also said it would reins...
  • Singapore adds Kensai link for electronic cargo
    Singapore Airlines Cargo said Friday it is adding a twice-weekly freighter service from Singapore to Kensai, Japan, via Hong Kong from May to October. The service is intended to complement belly-hold capacity on daily passenger services between Sin...
  • Panalpina adds Hunstville/Hong Kong air link
    Global forwarding and logistics group Panalpina has added a direct cargo service from Huntsville, Ala., to Hong Kong to be operated by Atlas Air. The new weekly flight is intended to complement two other existing services Atlas operates on behalf ...
  • Trailer Bridge reports loss, works on refinance
    Trailer Bridge, which operates a container liner service between the U.S. mainland and Puerto Rico, reported a first quarter net loss of $10.4 million compared to a loss of $300,000 in the same 2010 period. The company had revenue of $24.8 million...
  • MSC adds Asia to Latin America fuel charge
    Liner carrier Mediterranean Shipping Co. said last week it will assess a "fuel additional surcharge" on shipments from Asia to Panama, Cartagena, Venezuela, the East Coast of Central America, and the Caribbean due to "ever-increasing fuel costs." T...
  • House readies backup plan for FAA bill
    Leaders of the House Transportation and Infrastructure Committee dropped new legislation on Friday to provide a temporary extension of Federal Aviation Administration funding and programs in case Congress does not quickly complete work on a long-t...
  • FMC reforms aimed at household goods shipments
    The U.S. Federal Maritime Commission on Wednesday unanimously approved a series of recommendations to prevent unfair, unlawful or deceptive practices in the shipping of household goods or personal property. The FMC set up the investigation because...
  • Targeting rogue Web sites

The Bunker Bulletinweb site
MAY 16, 2011
  • Russian energy giant wants to join leading global suppliers
    Gazpromneft says its bunker volumes were up 17% in 2010.
  • Fujairah prices fall
    Product avails limited in Middle East hub.
  • Rotterdam market softens
    Lack of 2010 spec IFO 380 cSt.
  • US Navy in talks to set up biofuel supply points
    Discussions opened with Singapore, Australia and India.
  • Politician highlights benefits of Pacific Coast marine highway
    Would 'eliminate 60,000 metric tonnes of CO2' annually, saving 68% of GHG emissions compared to road transport.
  • Gibraltar's bunker sector faces new attack
    Spanish members of European Parliament claim Gibraltar's bunker sector poses increased risk of spills.
  • Latest TWI figures maintain large value spreads
    Over $200 value difference between 'best' and 'worst' fuel.
  • Bureau Veritas wants to 'open the way' for gas and nuclear-powered ships
    Efficiency 'means more than optimising a ship to burn less fuel'.
  • VT Group welcomes new Commercial Manager
    His background includes bunker trading and operations management.
  • Floods to have 'negative impact' for US-based barge operator
    Kirby Corporation predicts its Q2 results will be affected by Mississippi floods.
  • IFO prices falling as week starts
    Traders see generally 'slow' demand in key Asian bunker hubs on Monday.
  • Bunker supplier receives safety accreditation
    Cockett Marine Oil gets oil spill response accreditation from UKSpill.
  • HK-based supplier to expand its storage capacity
    Chimbusco Pan Nation plans to lease more storage from local ExxonMobil facility from June to July onwards.
  • Dutch project develops ACES for shipping
    ACES system can reduce vessel fuel consumption between 10 to 20%.
  • Court order to impact bunkering in Chennai
    Industry players expect court decision to be challenged.

›››File
FROM THE HOME PAGE
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.
Antwerp
Dry bulk volumes recovered and rolling stock increased. Other sectors declined.
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
US forces struck the VLCC Belma sailing towards Iran's Kharg Island.
Tampa
It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions
In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased
Genoa
In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
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
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
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