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05 February 2026 - Year XXX
Independent journal on economy and transport policy
05:49 GMT+1
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BRIEFS
August 3, 2012
Sched Netweb site
  • MSC to up Asia-US west/east coasts rates, rail links from September
  • OOIL profit down, but box unit revenues increase 5pc to US$2.8 billion
  • Hanjin slashes loss as quarterly revenues rise 18pc to US$2.4 billion
  • CEVA quarterly pre-tax profit falls 13.6pc, but revenue increases 5.5pc
  • DP World first half volumes up 7.5pc to 28 million TEU, but pace slackens
  • UK's Graig Group places order for three 2,000-TEU box ships from Jinhai
  • Antwerp, Marseilles overall cargo off in first half, but boxes hold steady
  • Guangdong will devise new plan for Pearl River Delta port development
  • China boosts railway spending to help reverse slowing economic growth
  • Kuehne + Nagel to provide global ocean freight management for Metro Group
  • Geodis profit up 6pc despite lower volume, Euro-crisis pricing pressure
  • Hactl welcomes air cadet fact-finding tour at Hong Kong airport
  • Cargolux hunts for CEO as Regimen resignation rekindles rumours of clash
  • JD Neuhaus supplies centralised pneumatic handling system for four hoists

Exim Indiaweb site
AUGUST 2, 2012
  • FFFAI delegation meets WCO chief
  • Kale's CAPELLA CFS/ICD management system now available on Microsoft Windows Azure
  • Maersk Line vessels benefiting from KPIs
  • Shreyas Shipping inducts OEL KOCHI for coastal trade
  • ICTT Vallarpadam registers record monthly throughput
  • Shipping Minister reviews capacity augmentation projects at three west coast Major Ports
  • India pips China in export growth rate: WTO
  • June exports drop 5.45 pc to $ 25.06 bn
  • Dinesh Gupta elected President, Anil Jain Vice-President of Gandhidham Chamber
  • Rain gods, please save our economy

Marine Logweb site
AUGUST 2, 2012
  • Crowley Liner Services issues statement on plea agreement
  • NNS school is "Apprenticeship Innovator and...
  • Bisso Towboat takes deliver of ASD tractor tug newbuild
  • Smit Lamnalco orders RAstar ASD tugs
  • Obama nominates Art Sulzer for Seaway advisory board
  • First of new series of Platform Supply Vessels for Brazil

World Wide Shipperweb site
AUGUST 2, 2012
  • Hanjin Shipping to restart calls to Port of Portland container terminal
  • Port of Los Angeles reports emissions programs working
  • Parsons Brinckerhoff taps Snyder as senior supervising engineer
  • Inchcape Shipping Services eyes possible strike in Argentina
  • General Dynamics completes deal for Earl Industries' ship repair division

Lloyd's Listweb site
AUGUST 2, 2012
  • HSBC sells its shipping services division
    Bank says its still committed to shipping
  • US sanctions: who stands to lose out on Iran trade?
    New measures from Washington could bring more than just oil trades with Iran to a halt
  • BP tanker fixtures rise 15% this year
    Indian refinery helps to boost tanker charters
  • Pyxis confirms tanker order
    Deal for single MR2 vessel was struck months ago but surfaces now
  • Cheniere achieves final investment decision
    Cheniere inches towards final approval for planned Sabine Pass liquefaction trains
  • Offshore vessel opportunities as the Chinese buy into the North Sea
    New interest in region will boost activity for offshore support vessels
  • Global boxship fleet still growing
    With 5,062 vessels active on liner trades, data reveals the top 20 carriers control 85% of the 16.2m teu total
  • Seaspan foregoes $267m undrawn loan
    Decision reflects strategic expediency, say top executives
  • Seaspan narrows its second-quarter loss to $6.7m
    Independent charter owner boosts normalised earnings in second quarter
  • Spot market activity slumps for 15-year-old VLCCs
    Older tankers' share of fixtures falls from 23% in 2009 to 12% so far this year
  • Scorpio says benchmark product tanker routes do not show real story
    New triangulation trade patterns mean product tankers earn more than investors and analysts think
  • German banks finance KG vessel sales
    Hamburg financing company AHS buys Clou Ocean at discount price
  • Sami forces all members to apply for accreditation
    Only 10% have passed through stage one of programme
  • Sanko Mineral poised to sail free from Baltimore after three-month stay
    Liquimar, Knightsbridge, WBC and cargo interests agree to drop proceedings
  • Atlantic supramax cargoes postponed after strike in Argentina
    Spot market rates remain stable, though
  • BHP Billiton could downsize expansion of Port Hedland
    Weak iron ore market is leading miner to reconsider capital expenditure
  • Lower charter rates clip Diana Shipping's earnings
    Cash-rich owner takes steep rate cut on two new panamax charters
  • MarAd rejects APT Title XI application
    Blackstone arm assessing possibilities of asking for another review
  • Uni-Tankers claims smaller tanker markets is looking buoyant
    Danish tanker owner on the acquisition trail
  • Better sentencing
    It is time for a uniform approach to sentencing pirates
  • Crowley Liner Services agrees $17m criminal fine in Puerto Rico price-fixing case
    Total fines collected by Washington increase to $46m
  • OOCL buys equipment for Long Beach
    Cranes worth $346.6m contracted for leased terminals in California
  • Pirates free seven Albedo crew for $1.2m pay-out
    Confusion surrounds the fate of 14 seafarers said to remain captive in Somalia
  • Pacific Basin eyes joint venture to execute ro-ro exit
    Berglund seeks quick get-away from loss-making unit
  • Tung warns of weak peak as rate recovery slows
    Idle ship numbers down despite uncertain prospects
  • Scrap and build is the way forward
    In a vastly overtonnaged market, systemised scrapping is the way forward
  • Feeling peaky?
    Sluggish global economy dims prospects for high-season box demand
  • RBS nationalisation would harm ship finance, say experts
    Financiers debate whether Commerzbank ship finance exit sets a precedent
  • SinOceanic board worried about GCL connection
    Common shareholder could pose asset arrest problems for boxship tonnage provider

Fairplayweb site
AUGUST 2, 2012
  • MARAD denies APT bid
    MARAD administrator David Matsuda has rejected APT's application for Title XI loan guarantees, shortly after APT took the US government to court
  • Delhi to back insurance for Iran's tankers
    INDIAN maritime insurers will offer government-backed insurance to Iranian tankers to help resume oil trade with Tehran despite international sanctions, IHS World Markets Energy reported today
  • Rate fall weighs on Diana
    SIMEON Palios-led Diana Shipping today reported falling profits and more charters rolling over to lower rates, counterbalanced by a growing cash position
  • Profits drop 13% at COSCO's yard unit
    COSCO Corp (Singapore) said net profits fell by 13.3% to S$27.6M ($22M) in the second quarter ended 30 June
  • NY&NJ joins ship fuel incentive push
    VESSELS that cut air emissions will receive financial incentives from the Port Authority of New York & New Jersey
  • Rosneft swings to losses
    RUSSIA'S government-owned oil giant Rosneft said it had swung to net losses of 8Bn rubles ($247.8M) in Q2
  • Genco scores debt relief
    NYSE-listed Genco has obtained a crucial agreement from lenders to push back amortisation payments and extend covenant waivers
  • OOCL profits drop by 70%
    HONG Kong-listed Orient Overseas International Ltd today posted $43M in profits for its box subsidiary OOCL, a 70% drop from the same period last year
  • Seaspan beats Street
    GERRY Wang-led Seaspan has reported higher adjusted profits and the finalisation of a Chinese loan to support its newbuilding programme
  • Knight chaos rattles market
    ELECTRONIC trader Knight Capital, which has significant ties to shipping, was hit yesterday by a severe technical glitch that might have affected NYSE-listed NAT and has now forced Knight to "actively pursue" alternatives
  • Trans-Pacific box rise starts
    THE 3% week-on-week increase in Hong Kong/Los Angeles box rates suggests that liners' proposed rise of $500 per feu has had only limited success, a report said today
  • Strikers disrupt Bahia Blanca in Argentina
    A STRIKE continued today at Bahia Blanca's port in Argentina, ISS said
  • Hanjin slashes losses
    HANJIN Shipping posted 1.2Bn won ($1.06M) in losses for 2Q12, down from 274Bn won in losses in the same period a year ago and 338.4Bn won in losses in 1Q12
  • VLCC period fixtures rise
    BROKERS are reporting greater interest in VLCC period booking, with the spot market plunging deeper into negative territory
  • Chinese Goliaths get cosy
    ANSWERING Beijing's call to co-operate in tough times, China State Shipbuilding Corp and China State Construction Engineering Corp have agreed to work closer

The Journal of Commerceweb site
AUGUST 2, 2012
  • Horizon Lines Posts Second Quarter Net Loss
    Horizon Lines reported a $29.8 million net loss for the second quarter but the U.S. domestic ocean carrier's operating results...
  • Matson Sees Rise in Operating Income for Quarter
    Matson Inc. said its second quarter operating income rose while net income was hurt by charges from discontinued operations and...
  • US Intermodal Volume Hit Record in July
    U.S. intermodal traffic on the major railroads in July rose 5.6 percent year-over-year, hitting a record high for the month,...
  • UASC's Vitarana Discusses Trade Outlook Between US, India, Middle East (Video)
    In an interview on the bridge of the UASC container ship Al Sabahia, which was loading and unloading containers at...
  • Genesee & Wyoming Profit Jumps Despite Volume Drop
    Genesee & Wyoming profit jumped 17 percent year-over-year to $36.4 million, as higher fuel surcharges and improved operations helped the...
  • LA Port's Pollution-Reduction Strategy Pays Off
    Harmful emissions from port operations in Los Angeles have declined as much as 76 percent over the past seven years...
  • Crowley Pleads Guilty to Puerto Rico Price-Fixing
    Crowley Liner Services pleaded guilty and was sentenced to pay a $17 million criminal fine for conspiring with other carriers...
  • Maersk Line Ltd. Acquires US Ship Operator
    Maersk Line Ltd. acquired 3PSC, a privately held ship operator based in Cape Canaveral, Fla. Terms of the acquisition...
  • Shippers, Railroads Pitch Dispute-Resolution Ideas
    Major North American railroads and shippers say they support more federally sponsored arbitration, but the carriers can't get onboard with...
  • OCU-Management Talks Continue on West Coast
    In a welcome sign of cooperation, office clerical workers and waterfront employers in Southern California met through the day on...
  • US Opposition to EU Airline Carbon Tax Builds
    U.S. pressure to reject the European Union's carbon tax on international airlines is mounting, with committees in both chambers of...
  • Global Air Cargo Grows on Middle East Strength
    International air cargo traffic increased 1.1 percent in June from a year ago, driven by strong growth in the Middle...
  • ODFL Profit Rises 21.5 Percent to $48 Million
    The slowing economy wasn't a drag on Old Dominion Freight Line in the second quarter. Revenue jumped 12.8...
  • Japan Airlines Net Profit Soars Despite Weak Cargo Numbers
    Japan Airlines said on Thursday that its net profit soared 111.2 percent in the first quarter of fiscal 2012, which...
  • Spot Rates Rebound in Asia-Europe Container Trade
    Spot rates in the Asia-Europe trade rebounded this week after three consecutive weeks of decline as carrier efforts to reduce...
  • CEVA Reports Lower Profit
    CEVA Logistics said its adjusted earnings before interest, taxes, depreciation and amortization fell 13.6 percent to 70 million euros ($85...
  • Auto Emissions Parts Trade Revs Up
    The global trade in auto parts is getting a fuel injection as a result of the growing market for exhaust...
  • Seaspan Reports Improved Results
    Container ship owner-charterer Seaspan Corp. said its net loss narrowed and adjusted net earnings rose amid nearly full vessel utilization...
  • Tropical Shipping Posts Loss
    Caribbean carrier Tropical Shipping posted a $4 million operating loss on $80 million in revenue despite an increase in container...
  • Court Dismisses ABF Lawsuit Against Teamsters, YRC
    A federal judge dismissed a lawsuit that challenged three rounds of labor concessions at YRC Worldwide by claiming the Teamsters...
  • Sept. 1 MSC Rate Hike Is Second in a Month
    Mediterranean Shipping Co. said Thursday that the general rate increase it plans to implement on eastbound trans-Pacific cargo from...
  • Deutsche Post DHL Lifts Earnings Forecast
    Deutsche Post DHL lifted its 2012 earnings guidance after strong demand for its express delivery services in Asia boosted its...
  • First Half Profit Fell 26 Percent at OOCL Parent
    Orient Overseas Container Line's parent company reported a 26 percent drop in operating profit during the year's first half and...
  • Lufthansa Cargo Profit Slumps 60 Percent
    Lufthansa Cargo's operating profit slumped nearly 60 percent in the second quarter to 28 million euros ($34.4 million) from 69...
  • Charter Revenue Doubles at Shipowner Box Ships
    Greek container shipowner Box Ships Inc. more than doubled second quarter charter revenue to $15.44 million from $7.22 million a...
  • ILA, USMX Committees to Meet
    The International Longshoremen's Association and United States Maritime Alliance will hold meetings this month by ILA-USMX committees assigned specific issues...
  • Hanjin to Resume Service to Portland
    Convinced that labor productivity at the Port of Portland has returned to normal, Hanjin Shipping will resume making ship calls...

Containerisation Internationalweb site
AUGUST 2, 2012
  • Asciano invests to improve its Melbourne terminal
    Asciano, which owns Patrick, one of Australia's largest terminal managers/stevedores, is in the midst of a major capital expansion and productivity enhance programme ...
  • Hanjin posts stronger results for H1 as box volumes jump
    Hanjin has seen its container division results pick up for both the second quarter and for the first half of this year on the back of a rate recovery and higher ...
  • Operating profit slides at CEVA
    A combination of the harsher economic climate and declining levels of consumer confidence, especially in Europe, contributed to a sharp fall in profits at the supply ...
  • ICS wants IMO to adjust BWM mandate
    The International Chamber of Shipping is putting pressure on the International Maritime Organization (IMO) to be more flexible in implementing its 2004 Ballast ...
  • DHL doubles up its Shanghai-Dubai LCL link
    DHL Global Forwarding (DHL GF) has started a second weekly LCL service between Shanghai and Dubai while also extending its coverage to Kuwait and Qatar. The move ...
  • Transpac GRI 'fails' to take effect
  • OOCL still steaming in the black
    OOCL, the container arm of Hong Kong-listed Orient Overseas [International] Ltd [OOIL], continued to outperform most of its rivals in the first six months of the ...
  • APM T signs Lazaro Cardenas concession agreement
    Competition is set to increase in Mexico's west coast port of Lazaro Cardenas with APM Terminals (APM T) now confirmed as the new operator of container-handling ...
  • Bigger boxships assist growth at DPW
    Larger ships now being deployed on a number of trade lanes contributed to the 7.5% growth in containers handled by DP World in the first ...

TradeWindsweb site
AUGUST 2, 2012
  • FBR eyes shipping exit
  • MLL goes oceanographic
  • Crowley pleads guilty
  • HSBC hives off shipbroking
    The HSBC banking group is to sell HSBC Shipping Services to a management buy out team.
  • Deutsche downs DryShips
  • Knight falls on its sword
  • PB 'In the zone'
    New Pacific Basin boss Mats Berglund says the shipowner is now in the zone when it comes to expanding its bulker fleet.
  • Smit Lamnalco pens four
    Smit Lamnalco has ordered four new tugs to cover its recently signed contract with the ExxonMobil-led Papua New Guinea LNG project.
  • Diana two tied up
    Ultrabulk takes a pair of Diana panamaxes for two years at lower rates for the NYSE-quoted owner.
  • Diana profit dented
    Falling dry-cargo rates have taken their toll on the second quarter profit of Diana Shipping.
  • Semb Marine steady in Q2
    Sembcorp Marine reported steady profit for the second quarter despite sales jumping by nearly half.
  • BHP cans rumour
    BHP Billiton has poured cold water on claims it is scaling back its expansion plans at the key iron ore port of Port Hedland.
  • MMHE still down
    Malaysia Marine & Heavy Engineering (MMHE) has once again seen a big drop in earnings despite its marine division posting stellar results.
  • Hornbeck misses mark
    A vastly improved showing from its offshore fleet could not pull Hornbeck up to Wall Street's expectations in the second quarter.
  • Seaspan funds trio
    Seaspan Corp has tapped a Chinese bank to help it pay for three giant newbuildings on order at Yangzijiang Shipbuilding.
  • Boskalis enters India
    Royal Boskalis Westminster has scooped a major dredging contract for India's largest container port.
  • MarAd rejects tanker loan
    A simmering battle over American Petroleum Tankers (APT) bid for a US government $340m loan guarantee is set to flare up after the application was rejected.
  • Seaspan short in Q2
    Seaspan has seen its second quarter numbers come up short of expectations.
  • STX in FSO score
    STX Offshore & Shipbuilding is in line for an FSO order from a North American client, local media reports.
  • Hanjin slashes losses
    South Korea's Hanjin Shipping has narrowly missed on a return to profit in the second quarter of 2012.
  • Ezion builds LNG backlog
    Ezion Holdings continues to build on its success in Australia with a fourth contract from the local LNG industry since 2009.
  • Costs dog OOCL interims
    OOCL parent company OOIL has seen interim profits slide by one third as it faced higher costs during the last six months.
  • Box Ships revenues jump
    Box Ships, the Michael Bodouroglou-led containership owner, has seen revenues more than double compared to a year ago.
  • Genco stays in the red
    Genco Shipping & Trading has booked a second quarter loss, but said its lenders agreed to relax some provisions under its credit facilities.

American Shipperweb site
AUGUST 2, 2012
  • ILA, USMX to resume contract talks Aug. 22-24
    James McNamara, the ILA's spokesman, said the union remains optimistic about reaching an agreement following last month's agreement between the union and management on issues involving automation and chassis.
  • Port of NY/NJ to reward 'clean ship' operators
    The port authority anticipates about 600 vessels a year will participate in the CVI program, and it will yield annual emission reductions of 182.2 tons of nitrogen oxide, 38.3 tons of particulate matter, and 264.1 tons of sulfur dioxides.
  • MarAd denies Title XI guarantee to APT
  • Drewry cautions TP rate hikes won't stick
  • OOIL 1H profit recedes
    Orient Overseas (International) Ltd., the Hong Kong-based parent of liner carrier OOCL, said Thursday its operating profit fell 25.5 percent year-on-year in the first half of 2012 to $140 million.
  • Mojix adds RFID to automotive supply chains
  • Xata sees software gains, revenue holds still
  • Hanjin reduces losses in 1H
  • German lines slow joint Mideast loop
  • Ryder buys small U.K. truck leasing outfit
  • Senators urge ILWU clerks, employers to reach deal
  • Wozniak appointed Columbus McKinnon VP
  • CORRECTION: Nordana's U.S. East Coast-West Africa service continues
  • USDA helps release ag shipments overseas
  • Ex-Im Bank expands in Minneapolis
    Since fiscal year 2007 through July 26, 2012, the bank has authorized about $710 million to Minnesota businesses to support $1.4 billion in export sales.
  • U.S. industry welcomes 'Cairo Declaration'
  • ITC: Dominican apparel not benefiting from U.S. trade program

The Bunker Bulletinweb site
AUGUST 2, 2012
  • Market firm in Fujairah
    Prices move up single digits in the Middle Eastern bunker hub.
  • Prices lack direction in major European ports
    Bunker prices hesitate to demonstrate any clear direction.
  • Mauritius supplier invests in extending pipeline network
    New barge can 'bunker beyond port limit'.
  • Maersk releases latest surcharge figures
    Ten dollars added to most routes.
  • Fuel oil stocks climb
    But shortage of on-spec product remains.
  • Shipping consultancy sold to management
    Sale to be complete in fourth quarter.
  • Fuel oil arbitrage East Asia to climb by 46% month-on-month
    But bunker avails expected to remain tight
  • Environmentalists open attack on cruise industry
    'Unfortunately, there are still some holdouts trying to weaken or delay the ECA.'
  • 'Flexible' WFS tightens grip on credit
    Company prepared to 'walk away from a lot of business'.
  • Asian bunker prices at regional hubs buck Singapore trend
    Supplies of marine fuels fine at key Asian ports on Thursday.
  • US marine services firm in $50 million acquisition
    Acquisition of Chemring Marine 'perfect fit' with Drew Marine's strategy, says CEO.
  • South China monthly fuel oil imports fall in July
    Imports down 36% but levels are expected to improve in August.
  • Typhoon hits bunkering ops in Taiwan
    Ports closed and cargo operations suspended due to severe weather conditions.
  • FAL gets new manager as restructuring talks rumble on
    Appointment made at a time when creditors are expected to reject the trader's restructuring proposal.
  • Chimbusco branch meets first half sales target
    Target met despite 'increasingly fierce domestic competition', it says.
  • OOIL posts 33% decline in H1 profit
    Positive operating margin at its box unit 'adversely impacted' by the 'unexpected' increase in bunker fuel, it says.

›››File
FROM THE HOME PAGE
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Over two tons of cocaine seized in the port of Genoa
Genoa
Once placed on the market, the drug would have earned criminal organizations around 1.5 billion euros.
Seatrade acquires strategic stake in JR Shipping
Harlingen
The Dutch company will continue to operate as an independent and autonomous organisation
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
Ningbo
Over 1.4 billion tons of cargo were moved. Approximately 43 million containers were transported.
In 2025 the port of Ravenna recorded its new historical record for annual freight traffic
Ravenna
Never-before-seen volume of cargo handled in the fourth quarter alone
The Sardinian Port Authority relies on the Financial Times' AI-based consultancy to understand which strategies, projects, and infrastructures to implement.
Cagliari
Direct award of an estimated value of 140,000 euros
The disposal of sediment from dredging in the port of La Spezia at the new breakwater in Genoa has been approved.
La Spezia
Approval has been granted for the transfer of 282,000 cubic meters to be carried out during 2026.
In November, ship traffic in the Suez Canal increased by +16.0%
Cairo
In the first eleven months of 2025, 11,620 ships passed through (-4.8%)
ABB to build shore power systems at three container terminals in the Port of Rotterdam
Rotterdam/Zurich
They will be able to recharge up to 32 container ships simultaneously
Cargo traffic in Chinese seaports grew by 5.8% last month.
Cargo traffic in Chinese seaports grew by 5.8% last month.
Beijing
Foreign cargoes increased by 8.2%. Containers increased by 8.9%.
Freewheeling, the increase in highway tolls certifies the failure of the government and Minister Salvini's road haulage policies.
Modena
Franchini: First excise duties, now tolls; a double blow that directly affects small businesses.
Trasportounito attributes responsibility for the increases in motorway tolls to the Constitutional Court and the ART
Genoa/Rome
Casu and Simiani (PD): But is it the judges' fault if Salvini can't be a minister?
Xtera Topco will be acquired by a joint venture owned by Prysmian (80%) and Fincantieri (20%)
Milan/Trieste
The transaction involves an enterprise value of $65 million
China launches drill to test cutting Taiwan's maritime links
Beijing
Maneuvers near the main port areas
In October, freight traffic in the ports of Genoa and Savona-Vado decreased by -1.8%
Genoa
In the first ten months of 2025, 52.9 million tonnes were handled (-1.0%)
On January 1st, the presidency of the UIRR will be assumed by Jürgen Albersmann
Brussels
He is vice president and CEO of Contargo
A Maersk Line ship has returned to transit the Suez Canal
A Maersk Line ship has returned to transit the Suez Canal
Ismailia
Rabie: Normal traffic levels will be reached in the region in the second half of 2026
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
The Council of State has confirmed the legitimacy of the tender for the new Ravano Pier in La Spezia.
Rome/La Spezia
The TAR ruling for Liguria has been confirmed.
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
Project financing process for the first hydrogen production plant in the port of La Spezia
La Spezia
Project to provide "mobile" supplies to vehicles such as locomotives and boats
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
In June the Grendi group will equip itself with a fifth ro-ro vessel
Genoa
It will have a load capacity of 3,000 linear meters
The employment contract renewal for transport and logistics company managers has been signed.
Rome
Signed today by Manageritalia and Confetra
Brussels has approved the loan to rescue the rail freight company Lineas.
Brussels
Sixty-one million euros granted by the Belgian government
Green Mobility Partners and KKR Partner to Create European Rail Leasing Platform
Frankfurt
American company invests in GMP
Saipem wins offshore EPCI contract in Qatar
Milan
The contract is worth approximately $3.1 billion.
Wärtsilä sells its Gas Solutions division to German private equity firm Mutares.
Helsinki/Munich
Bank of China finances purchase of Grimaldi Euromed's Grande Melbourne
Amount of 57 million euros
GeneSYS Informatica (Fratelli Cosulich) has acquired 51% of the capital of Navimeteo
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
Bulgarian court rejects extradition of Russian owner of a ship linked to Beirut port blast
(ABCNEWS.com)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
KSOE wins $466 million order for four container ships
Lysaker/Seongnam
NYK and Ocean Yield Award Order for Four New LNG Carriers
ONE's Adriatic Service 1 will also make stops at the port of Ancona
Singapore
The line to Damietta has a weekly frequency
Consolidation work on the Riva quay at the port of Ortona has been completed.
Ancona
Thirteen million is the cost for the adaptation of the infrastructure
Vard has signed a cooperation agreement with the Norwegian research institute Norce
Ålesund
It concerns all fields of research and innovation in the naval sector
Energy transition, regulatory simplification, competitiveness of the maritime industry, and port governance are Confitarma's priorities.
Rome
Federlogistica reports the project cargo's inability to travel on Northwest highways.
Genoa
Falteri: We are facing a real systemic crisis.
ZIM shareholders reach agreement again
Haifa
Agreement reached on candidates for the renewal of the board of directors
Merger by incorporation of Degrosolutions into CLS
Milan
Castelli: We aim to strengthen our growth path in the Italian forklift market.
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