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December 5, 2012
Sched Netweb site
  • Kerry Logistics starts phase 2 of Daimler regional parts facility, Kunshan
  • Reefer ships lose market share as cool-chain cargo migrate to boxes
  • Fruit from Shanxi province bound for 63 countries and regions worldwide
  • Nanning Railway Bureau to build 22 logistics centres in three years
  • Russian motorists in Moscow are snowed in with heavy snow
  • Brazil's sea freight exports remain strong, but air freight volumes are falling
  • Standard & Poor's upgrades UK P&I Club, reflecting rising finances
  • China's logistics industry added value up 9.4pc in first 10 months
  • 10,000-TEU 'Seaspan Saver' sets new standards for fuel efficiency design
  • Despite teething problems, China's air cargo sees domestic expansion
  • Demands made to enhance anti-terrorist security at Nigeria airports
  • Freighter crash in the Congo claims 30 lives, injures 14

Exim Indiaweb site
DECEMBER 4, 2012
  • FEDSAI Vice-Chairman visits Vizag & Kakinada ports
  • JBS Academy conducts training for CHA field staff in Vadodara
  • NYK provides more free transport for bicycles & backpacks
  • Rickmers Group & Oaktree form strategic partnership for investments in newbuild container vessels
  • Shipbroker pays the price for failure to put it in writing
  • Essar Ports to increase capacity
  • Negligence attributed to ship touching bottom at Kandla Port
  • 'Friendship Road' to boost trade between India & Asean
  • Railways' new port connectivity policy seen boosting private investment
  • Adani completes Australia's largest coal mining exploration programme at Carmichael Mine in record time

International Transport Journalweb site
DECEMBER 4, 2012
  • AAT inks partnership deal with MNG Airlines
    MNG Airlines appointed Asia Airfreight Terminal Co Ltd (AAT) as its cargo ground handling agent for its cargo and documentation services at Hong Kong International Airport, with ef...
  • TXL expanding network
    The German service provider TX Logistik has just linked its Rotterdam-Nuremberg rail service to the DUSS terminal in Munich (Germany). The train departs Rotterdam on Tuesdays, Thu...
  • Cameroon investing heavily in road infrastructure
    The African Development Bank (AFDB) is to loan USD 73 million to Cameroon to enable the country to improve its road infrastructure. The money will be primarily used to modernise an...
  • One million cars through Cuxhaven
    Cuxport, a German port service provider, has handled more than 1 million cars for the BMW Group at its Cuxhaven base. The milestone was celebrated in the presence of Dr Ulrich Gets...
  • Swissport Algeria wins ground handling licence for Oran International Airport
    Ground service provider Swissport International has welcomed the announcement by the Etablissement de Gestion des Services Aéroportuaires d'Oran (EGSA Oran) tender commission to aw...
  • Çelebi boosts handling at New Delhi airport by 83%
    On the fringe of the 39th ACAAI (The Air Cargo Agents of India) Annual Convention in Istanbul from 22-25 November, Atilla Korkmazo, the business development director of Çelebi Hold...
  • Reshuffle at Swissport International
    Swissport International is restructuring its organisation. From 1 January 2013, Joe Phelan will assume responsibility for ground handling and cargo in North America (USA and Canada...
  • German railways haul fewer goods
    Railway companies in Germany transported a total of 273.1 million t of goods in the first nine months of the current year. Germany's Federal Statistical Office Destatis reported th...
  • SDV opens green warehouse in Singapore
    The global supply chain service provider SDV, a subsidiary of the French Bolloré Group, has officially opened its new, 42,000 sqm warehousing facility in Pioneer Turn, Singapore. O...
  • Finland to allow 76 t mega trucks from 2013
    Finland plans to increase the maximum weight of heavy goods vehicles to 76 t and raise the permissible width of these vehicles from 4.2 m to 4.4 m. The Finnish Ministry of Transpor...
  • Norbert Dentressangle invests in UK
    The French transport and logistics service provider Norbert Dentressangle (ND) is making a multi-million GBP investment to extend and upgrade its flagship Euroterminal site in Traf...
  • Kerry Logistics building facility for Daimler in Kunshan (China)
    The global service provider Kerry Logistics has started construction of a new purpose-built 33,700 sqm automotive parts logistics facility in Kunshan (China) for Daimler Northeast ...

Marine Logweb site
DECEMBER 4, 2012
  • TOTE orders two LNG fueled containerships from NASSCO
  • Cummins launches Tier 3 diesel line
  • Viking Ocean orders two more cruise ships at Fincantieri
  • Basic Offshore picks new Havyard design for PSV newbuilds
  • Naftogaz orders Black Sea semis at Keppel FELS
  • Donjon pumps play vital part in Sandy response
  • BAE Systems Mobile lays dump scow keel

World Wide Shipperweb site
DECEMBER 4, 2012
  • TOTE plans to build vessels for use in Puerto Rico trade
  • New Coast Guard rules require WSF to boost staffing levels
  • Crowley vessels earn honors for safe operation during year
  • Coalition calls on President to step in in LA labor dispute
  • Yang Ming adding service calling Japan/Taiwan/SE Asia

Lloyd's Listweb site
DECEMBER 4, 2012
  • More void sailings planned for 2013
    Shippers face a new challenge on top of slow steaming and service culls
  • China ready to lend big to owners with big ambitions
    Placing high-margin orders at country's yards is surest way to tap liquidity
  • Brussels approves financing scheme for Spain's shipyards
    Decision allows the country's yards to pursue new business again
  • Spanish shipbuilders are hit by double whammy
    Downturn and uncertainty see Galicia lose business to Basque builders
  • China's yards eye high-value offshore business
    Several of the nation's shipyards have already secured key deals
  • Asia voices its woes
    Industry concerns centre on Iran, shipyards and players' underlying financial health
  • Skuld targets superyacht market
    New product pitched at a global community of more than 5,000 vessels
  • A ship is not a product, US judge rules
    Shipyard is more like a service provider than a manufacturer, Pennsylvania court finds
  • Scorpio adds another charter as LR2 rates spark optimism
    Six-month 'decision points' allow company to align fleet policy with market rates
  • Greek ferry operators remain mired in debt
    Top lines remain under water despite trimming their losses
  • China scrapping rates catch up with Indian subcontinent
    Owners selling off vintage tonnage have more choice than ever
  • Intertanko warns of rising cost of keeping crude cargoes warm
    Owners can ill afford the expense of heating, says trade body
  • Measure of truth
    No one knows how to draw fair performance comparisons between ships
  • Comment: The devil is in the differences
    Comparing the real-life performance of similar vessels is fraught with difficulties
  • Rongsheng hits back over performance gap claim
    China shipbuilder calls in experts to question JP Morgan research
  • Shipowners will decide whether to assess armed guards
    Doubts over whether ISO standard will change due diligence requirements
  • London Greeks welcome Athens' flag proposals
    Committee hails restored shipping ministry and electronic registry
  • Playing their hand
    Rickmers has taken a gamble in ordering eight plus eight boxships
  • Cexim inks $825m in ship financing deals
    Policy bank offers five loans that support China's shipbuilders and owners

Fairplayweb site
DECEMBER 4, 2012
  • Crack in hull sank Swanland off Wales
    AN INQUIRY has determined that a ship sustained "catastrophic structural failure" in a storm off Wales before six of its crew members were killed in its sinking
  • Ship sinks in Black Sea
    SEVERAL crewmen are missing after a ship sank this morning off Turkey's Black Sea coast, IHS Casualty confirmed
  • Yangzijiang sparks caution
    A MAIDEN offshore order win by Yangzijiang Shipbuilding sparked a note of caution today
  • Scorpio continues charter-in spree
    NYSE-listed Scorpio Tankers today announced yet another charter-in contract, its third of the past week, as it heightens market exposure
  • US opposes OSG bank account plan
    MIRRORING a dispute in the GenMar case, a Department of Justice unit is opposing OSG's request for an exemption from bankruptcy rules on deposit collateral and guarantees
  • Greeks hold 106 in migrant smuggling attempts
    GREEK officials were today holding 106 people linked with migrant smuggling attempts over the past week
  • Oaktree-Rickmers JV unveils 8+8 box ship order
    US PRIVATE equity investor Oaktree Capital Management and new strategic partner Rickmers said today they plan to order eight eco-type box ships for their joint venture unveiled yesterday
  • US bond coverage to rise
    US BOND coverage for non-vessel-operating common carriers on China/US routes will be raised to $125,000, up 30% from today's $96,000, US delegates have officially confirmed
  • VLGC rates crash to year's low
    FREIGHT rates to carry LPG on VLGCs have hit a 2012 low of $38.125 per tonne on the benchmark Gulf/East route
  • Woodside sidesteps Browse debate in Oz
    WOODSIDE today sidestepped a dispute between its venture partner Shell and West Australia's state government over a planned floating LNG processing facility for its $34Bn Browse project
  • Evergreen, X-Press add Americas box service
    TAIWAN's Evergreen said today it will open a new box service to the West Coast of Central America as part of its venture with independent feeder carrier X-Press
  • Demolition markets reach parity
    WEAKNESS in South Asian ship demolition prices and the reverse in China have resulted in almost all major competing markets reaching parity, being only a few dollars apart
  • Singapore considers second LNG terminal
    SINGAPORE is considering building a second LNG terminal
  • Jacking gear failure suspected in rig disaster
    SINGAPORE's manpower ministry said today preliminary findings suggest that a jacking mechanism failure caused a rig being tested yesterday to list
  • Keppel signs $1.2Bn rig deal
    KEPPEL said today it has signed a $1.2Bn deal to build two semisubmersible drilling rigs for Ukraine's Naftogaz

The Journal of Commerceweb site
DECEMBER 4, 2012
  • Chilean Fresh Fruit Association Names Brux as North American Managing Director
    Chilean Fresh Fruit Association today named Karen Brux as North American managing director of the trade group. Brux will oversee promotional and support programs for the organization, which represents Chile's fresh fruit growers, packers and shippers. She formerly served as vice president of marketing communications for the California Table Grape Commission, where...
  • DHL Opens Expanded Facility at Miami International Airport
    Logistics firm DHL, part of Deutsche Post DHL, has opened an expanded 140,000 square foot airline facility at the Miami International Airport service center for shipments to and from Latin America and the Caribbean. The facility will support long-term market growth in import and export volumes along the U.S.-Latin America trade...
  • CP Looks to Speed Trains, Cut Personnel and Shrink Rail Network
    Canadian Pacific Railway plans to run faster and longer trains, cut roughly 4,500 positions and possibly sell rail lines in the U.S., as the railroad works to hits an operating ratio in the mid-60s in 2016. The relocation of its headquarter from downtown Calgary to CP-owned Ogden Yard and the recent...
  • Twenty-Four Senators Sign Letter Supporting Labor Rights, Opposing Outsourcing in Trans-Pacific Trade Deal
    Twenty-four senators recently signed a letter to President Obama expressing support for negotiating strengthened labor rights and protections against outsourcing in the proposed Trans-Pacific Partnership. The International Brotherhood of Teamsters led a coalition to help gain support from the 23 Democratic senators and Republican Senator Olympia Snowe, R-Maine. The Trans-Pacific Partnership is...
  • Mediator to Start Work on Arrival Tuesday Night
    LOS ANGELES - The federal mediator who will attempt to help striking office clerical workers reach a contract agreement with terminal operators in Los Angeles-Long Beach was expected to join the negotiations Tuesday night. Stephen Berry, the attorney who represents waterfront employers, said the Waterfront Employers Association and the Office Clerical...
  • E-Freight Technology Delivers Enhanced Logistics Solution Leveraging INTTRA's New Shipping Application Delivery Platform
    PARSIPPANY, N.J. - INTTRA, the world's largest, most active network for ocean shipping, and E-Freight Technology, a leading provider of logistics software for international shipping and freight forwarding companies, announced today the availability of shipment bookings as part of E-Freight's integrated logistics solution. Employing INTTRA's recently announced Shipping Application Delivery...
  • Crowley Honored With More 2012 Environmental Achievement Awards Than Any Other Maritime Company
    JACKSONVILLE, Fla. - Crowley Maritime Corporation was recently honored by the Chamber of Shipping of America (CSA) with 96 environmental achievement awards for safe vessel operations during 2012 ' more than any of the other 76 maritime companies recognized by CSA. The vessels owned and/or operated by Crowley businesses qualified...
  • Kearney, Page Plan Savannah Warehouse Operation
    Third-party logistics provider The Kearney Companies of New Orleans has entered into a joint venture with Page International of Savannah, Ga., to establish warehouse services at the Port of Savannah. According to the terms of the agreement, the facility will be located less than two miles from the Georgia Port Authority's...
  • Chinese Freight Volumes, Manufacturing Expand
    Chinese freight volume in October rose at the highest pace since June, and two key manufacturing indices show production last month increased at the sharpest pace in at least six months, as the country's economy strenghens ahead of Chinese New Year festivities. Freight transported via railways, highways, inland waterways and aircraft...
  • TOTE Orders LNG-Powered Container Ships
    Jones Act carrier TOTE Inc. has ordered two LNG-powered container ships, the first of their kind, to operate in the carrier's Sea Star Line service between the U.S. mainland and Puerto Rico. The company said the ships represent "a major technological milestone" in shipping. The vessels will be built by General Dynamics' NAASCO...
  • West Coast Port Strikes Could Benefit Some Companies
    Continued strikes by the Office Clerical Unit of International Longshore and Warehouse Union Local 63 at the ports of Los Angeles and Long Beach could potentially benefit some companies, according to Stifel Nicolaus Transportation & Logistics Research Group. For example, air freight forwarders Expeditors International of Washington and UTi Worldwide, as...
  • Cosco Container Lines Announces Surcharge Adjustments
    Cosco Container Lines has announced a currency adjustment factor surcharge of 7 percent on top ocean freight for eastbound shipments from the Far East and the Indian subcontinent to Canada, effective from Jan. 1, 2013, to March 31, 2013. The ocean carrier also announced Alameda Corridor charges of $23 per 20-foot container,...
  • It's Time for Politicians to Take a Stand
    If workers strike at a hotel or a construction site, who is affected? A few customers are inconvenienced or construction gets delayed by a few days or weeks - big deal; a strike may make local headlines, but the impact is minimal. A port strike is an entirely different matter....
  • Evergreen, X-Press to Launch Central America Service
    Evergreen Line plans to launch a new joint service with X-Press Feeders connecting ports on the west coast of Central America, with a first sailing scheduled on Dec. 19, 2012. The carriers will deploy two vessels with capacities of approximately 900 20-foot-equivalent units on the service, Evergreen said. It will contribute the...
  • Striking OCU, Employers Agree on Mediation
    LOS ANGELES - Striking office clerical workers and their employers agreed Tuesday to accept federal mediation in an attempt to end the week-long strike that has crippled the ports of Los Angeles and Long Beach. Port and terminal executives hope mediation can begin within 24 hours as the Office Clerical Unit...
  • Transplace Acquires Torus Freight Systems
    North American transportation and logistics technology company Transplace, owned by CI Capital Partners, has acquired Torus Freight Systems, a Canada-based logistics company specializing in Canadian cross-border and intra-Canada freight, continuing its geographic expansion strategy. Torus was represented by Corporate Finance Associations, although terms of the transaction were not disclosed. In 2011, Transplace...
  • Coalition Presses Obama to Help End Port Strike
    One hundred organizations representing national and state retailer associations, customs brokers and other intermediaries, agricultural shippers, manufacturers, logistics providers and various import and export associations urged the Obama administration to help end the week-long strike by office clerical workers that is crippling the ports of Los Angeles and Long Beach. "We...
  • US Steel Imports Dropped 2.5 Percent in October
    U.S. steel imports in October were 2.54 million tons, dropping 2.5 percent from 2.60 million tons in September and falling 8.5 percent from 2.34 million tons in October 2011, according to preliminary government data covered by the American Institute for International Steel. In the first 10 months of 2012, imports were...
  • 3PL L&M Transportation Opens Office in Washington State
    Raleigh, N.C.-based third-party logistics provider L&M Transportation Services has opened a transportation office in Othello, Wash. The office has been set up to handle produce and dry freight truckloads for the Pacific Northwest and will be anaged by Dave Long, who has more than 35 years of experience in the potato...
  • Thome Group Expands Beyond Singapore
    Singapore-based ship management company Thome Group has set up its first office outside of Singapore in Bangkok. The new office is intended to be the first of a series of overseas offices. The staff and workplace have been taken over from the agency Westext Enterprise, giving Thome a head start with...

Containerisation Internationalweb site
DECEMBER 4, 2012
  • FPS opens up the Philippines
    Famous Pacific Forwarding Philippines (FPF), a member of the FPS network of independent forwarders and NVOCCs, has launched domestic ocean services to link the ...
  • Christmas takes root in London
    The world's most famous Christmas tree this week left DFDS Seaways' facility at Immingham Dock on the last leg of its 400km journey from Norway to London. Once ...
  • Verhoeven to quit European ports organisation
    European Sea Ports Organisation (ESPO) Secretary-General Patrick Verhoeven is to join another Brussels-based maritime industry lobby, the European Community Shipowners' ...
  • Southampton wins licence to dredge
    Associated British Ports (ABP) has received a marine licence for its dredging programme at the port of Southampton, the UK's number two box hub, to improve marine ...
  • Rickmers orders eight containerships
    Oaktree Capital Management and global shipping's Rickmers Group are joining forces to invest in a fleet of eco-designed newbuild container vessels. Oaktree will ...
  • Standoff continues at California terminals
    Employers in the port complex of Los Angeles/Long Beach revised their contract offer to unionised clerical workers at the weekend, but the standoff continues over ...

TradeWindsweb site
DECEMBER 4, 2012
  • Seacor joins bond rush
    Seacor has joined the rising tide of shipowners that have turned to the bond market for cash to cut debt and cover dividend payments in anticipation of tax hikes.
  • TOTE pulls the trigger
    Totem Ocean Trailer Express has finalised a contract to build a pair of LNG-powered containerships at US compatriot General Dynamics Nassco.
  • Dinner with Marilyn?
    Tug owner seeks date for barge named after deceased Hollywood icon.
  • Boxship bleeds bunkers
    Authorities are racing to contain a spill tied to a containership that is bleeding bunker fuel off the Bahamas.
  • Two more for Polembros?
    Polembros Shipping of Greece is reported to have swooped for another pair of VLCCs.
  • Sigma stems losses
    A sixth Emarat Maritime tanker has enrolled in an aframax pool controlled by Heidmar.
  • HNA eyes Korean cruises
    China's HNA Tourism is to launch a new cruiseship route to South Korea.
  • Scorpio makes it three
    Scorpio Tankers has taken on its third product tanker in the space of a week.
  • Bergen wins approval
    Bergen Group has secured bondholder's support to refinance its offshore and services divisions.
  • Veteran ferry disappoints
    A Washington State Ferries (WSF) ship has been sold for just 40% if its value auction.
  • Goldenport scraps again?
    Goldenport Holdings is tipped to have sold off its second bulker in as many months for demolition.
  • Cargoship lost off Turkey
    Four crew have been rescued after a Ukrainian cargoship sank in a storm off Turkey, but one man has died and seven are still missing.
  • Viking back in Italy
    Viking Ocean Cruises has returned to Italy's Fincantieri for another pair of cruiseships.
  • Golden Stena Weco swoops
    Joint-venture confirms its first owned ship after it's buffed up at Dongfang Shipbuilding.
  • OSG crewman burned
    A Russian seafarer has been injured in a boiler accident on an OSG aframax off the US.
  • Subsea 7 in Africa spur
    Subsea 7 has added to a previous contract win with Chevron in West Africa.
  • Reef renegade fined
    The master and owner of a Chinese bulker have been fined for dumping food waste in waters around Australia's Great Barrier Reef.
  • Gretland in pole
    Bjorge Andre Gretland has secured a majority stake in Transit Invest as the former Green Reefers shell continues its transformation into an offshore company.
  • Cable cut was "accident"
    Vietnam plays down latest incident involving survey ship and Chinese fishing vessels.
  • Keppel bags Ukraine deal
    Keppel Corp has tied up a contract with Ukraine's Naftogaz to build a pair of semisubmersible drilling rigs worth $1.2bn.
  • IHI, JFE seal the deal
    The delayed merger of Japanese shipyards Universal Shipbuilding and IHI Marine United will finally go ahead on 1 January.
  • Offshore fear overplayed
    Risks stemming from Yangzijiang Shipbuilding's move into the offshore arena are being overplayed on the stock market, Barclays Capital says.
  • Images to impress
    Choosing a short list from the many entries submitted for TradeWinds' Maritime Photographer of the Year contest has again proved a daunting task.
  • Vale cuts hurt dry
    Vale has taken a red pen to its capex and iron ore production numbers in a move which delivers a blow to the dry-cargo recovery story.
  • Jinhai in offshore first
    China's Jinhai Heavy Industry has won a breakthrough newbuilding contract in the offshore sector.
  • Serco workers to strike
    Serco NorthLink ferry workers have voted overwhelmingly for strike action over job cuts.
  • Two more years
    Norway's Island Offshore has fixed a subsea construction vessel (SCV) to Ocean Mexicana for another two years.
  • Sekwang seeks protection
    Korea's Sekwang Shipbuilding has filed for court receivership to keep creditors at bay.
  • MOD backs UK firms
    Britain's Ministry of Defence (MOD) has extended five ship maintenance contracts worth a total of £349m ($560m).
  • Lamprell picks Moffatt
    Lamprell, the struggling Middle East rig builder, has named James Moffat as its new permanent chief executive.
  • JAPEX eyes terminal
    Japan Petroleum Exploration (JAPEX) is set to build a LNG receiving terminal at Soma Port in Fukushima Prefecture.

American Shipperweb site
DECEMBER 4, 2012
  • NEWSFLASH: Both sides in LA/Long Beach strike agree to mediation
    The Los Angeles mayor said ILWU Local 63, Office Clerical Unit (OCU) and employers of the Los Angeles/Long Beach Harbor Employers Association have agreed to have a federal mediator to assist with contract negotiations.
  • NEWSFLASH: Businesses ask Obama to help end LA/Long Beach strike
  • FMCSA turns up heat on unsafe truckers
    The agency has implemented 11 improvements to its Safety Measurement System (SMS) to enhance its ability to identify and take action against truckers with safety and compliance concerns.
  • Washington Notebook: U.S. focuses on Sub-Saharan trade
  • FAA unveils new NextGen technology
  • Maersk attempts to simplify surcharge structure
    The liner carrier will "carry out a phased approach to simplify its surcharge structure, making it easier for all parties to deal with quotes, contracts and invoices. The surcharge structure will be finished by mid-2013.
  • Boeing releases aircraft funding prediction
    Despite economic uncertainties and high credit-financing costs, Boeing officials say the world's airlines will see enough liquid financing next year to sustain projected aircraft deliveries of $104 billion.
  • IAG Cargo breaks off from parent group
  • Ex-Im Bank backs bonds for Boeing planes to Ethiopia
  • Troy expands import operation
  • U.S. helps China develop port, rail sectors
  • U.S. ag export values up 50% since 2009
    The USDA in its second Outlook for U.S. Agricultural Trade in fiscal year 2013 said the country's farm exports have climbed more than 50 percent in value, from $96.3 billion in 2009 to a forecasted $145 billion in 2013.
  • Shippers surprised by LA/Long Beach dock strike
    A half-dozen large shippers polled on a not-for-attribution basis by American Shipper this week said they were surprised by how quickly the breakdown in contract talks between clerical workers who work at terminals and steamship agencies in Southern California developed into a strike.
  • CargoSmart releases shipment delay alert tool
  • Yang Ming joins intra-Asia service
  • LA/Long Beach strike enters second week
    A strike by members of the 600 members of International Longshore and Warehouse Union (ILWU) Local 63, Office Clerical Unit (OCU) enters its second week today. Meanwhile, American Shipper has attempted to answer a number of questions.
  • Descartes partners on Japan advance filing regs
  • Famous Pacific Philippines adds services

The Bunker Bulletinweb site
DECEMBER 4, 2012
  • Fujiarah market lacks direction
    MGO prices showed big drops in Suez.
  • Bunker prices soften in Northern Europe
    Prices falling in Rotterdam and Hamburg.
  • Naming ceremony for dual fuel LNG carrier
    'Propulsion system provides a eco-friendly ship operation,' says gas-shipping specialist.
  • Bunker players warn: 'Strike is demand killer'
    Container ships being diverted away from US West Coast hubs.
  • Tanker operator 'ready to cancel' newbuilds
    Reports say vessels are being built to old, less fuel efficient designs.
  • Mediterranean port is bunker market's 'sleeping giant'
    Bunker volumes in Ceyhan could reach 3 million (mt) annually.
  • VLOC operator still in talks with China over access to ports
    'If we manage to dock our vessels in China, it will be good news for our customers.'
  • 'Split incentives' no longer exist
    Saying that owners who hire out ships have no incentive to be fuel efficient 'is simply not true' says ICS technical manager.
  • Bunker prices largely stable
    Minor adjustments to bunker prices in key Asian ports on Tuesday.
  • Cleartrade extends liquidity provision to fuel oil contracts
    Now provides firm daily prices on fuel oil contracts.
  • Oil major expands plans for LNG-fuelled transport
    Developing 'multiple options' that will increase supply to LNG-fuelled transports to over five million tonnes.
  • Operator reports strong results despite high bunker prices
    Attica sees 'sharp rise' in EBITDA for the first nine months of the year.
  • Chinese supplier reports a Q3 loss
    Sales volume fell 56% as company loses its competitive edge, it says.

›››File
FROM THE HOME PAGE
Lorenzo Sanna is the new president of ANPAN
Sestri Levante
Parmigiani: Regarding the High Seas Protocol, we should return to the commander's paper declaration.
2027 will once again be a record year for the Italian cruise industry
Livorno
Approximately 16 million passengers are expected, with a growth of +4%
Port reform: Commission discusses only setting aside and rejecting vessels
Rome
The Chamber of Deputies has passed no amendments in three weeks. The only exception is Port Authority staff.
Road haulage, truce near. The government releases funds for diesel fuel and structural reforms.
Rome
Emergency decree approved with tax credits, a ban on leasing, and fuel surcharge protections
The fleet of dual-fuel containerships and car carriers exceeds 500 units
Washington
A 41% jump compared to September 2025. Industry investments have exceeded $200 billion.
Green Maritime Corridors: China Leads the Race
Shanghai
Nearly a fifth of global developments involve a Chinese port. The Global Maritime Forum report highlights fuel and collaboration as strengths, while demand remains weak.
In the third quarter, freight traffic in Spanish ports grew by +2.1%
Madrid
Bulk cargo is driving the trend. Containerized cargo remains stable.
The EU invests in the green revolution of the seas
Brussels
From ammonia to e-methanol, from electric ferries to CO2 capture: projects reshaping the future of European shipping have received funding.
Road haulage associations call for an end to roadblocks in the South.
Rome/Modena
After the meeting with Salvini, the trade unions urged Piantedosi to intervene. Ruote Libere responded: listen to the protesters, not repress them.
APM Terminals and Hateco sign agreement to develop a rail freight terminal network in northern Vietnam
Copenhagen
Initial investment estimated at around $3.5 billion
IFM Investors to acquire CPPIB and OMERS' stakes in Associated British Ports
London
Agreement reached for the transfer of 63.9% of the capital of the British port group
DSV, Air & Sea and Contract Logistics drive third quarter, while road transport slows
Copenhagen
Road division suffers from problems following Schenker integration
Decarbonizing shipping: The UK should learn from FuelEU Maritime's mistakes.
London
The UK Chamber of Shipping presents the government with a document with lessons from the first two years of application of the European regulation
The port of Antwerp-Bruges returns to growth in the third quarter, with a +2.5% after two quarters of decline
Antwerp
Containers, ro-ro and dry bulk are driving the recovery, while steel and energy products remain in difficulty
Interferry renews alarm over postponement of road haulage inclusion in the EU ETS
Victoria
Roos: The burdens and challenges of decarbonisation cannot be borne by individual sectors
The port of Trieste recovers on container traffic in the third quarter, but the railway remains in difficulty
Trieste
Liquid bulk on the rise
Record quarterly cruise traffic at Global Ports Holding terminals
Istanbul
Only the numbers in the Eastern Mediterranean and Adriatic region are decreasing
Rheinmetall confirms partnership with MSC for acquisition of Romanian shipyard in Mangalia
Düsseldorf
The purchase price of approximately 138 million euros will be paid jointly by the two partners
Strait of Hormuz: Another weekend of attacks on ships
Tehran/Southampton
First use of RPG anti-tank rocket fired from a small vessel
Port of Rotterdam: General cargo declines in third quarter, bulk traffic increases
Rotterdam
In the first nine months of 2026, 323.2 million tonnes were handled (+0.9%)
The Ligurian Shipbuilding Observatory is born: a sector worth two billion euros and employing over 10,000 people.
Genoa
AdSP, Confindustria Genova and Unione Industriali Savona launch permanent monitoring of the sector
BPA says UK container growth depends on investment, not carbon leakage
London
A report by the British association contests the Spanish Observatory: the indicator in teu-miles does not measure real volumes and amplifies the effect of the order of ports of call
ETS: Shipping accounts for 10% of emissions but pays nearly 20% of the bill.
Brussels
ECSA Study: European Shipowners Call for Triple SMAP Quotas for Sustainable Fuels and Technologies
AP Moller Capital to acquire Portek International Port Group
Copenhagen
It will be sold by the Japanese company Mitsui & Co.
Washington and Madrid's port dispute threatens to escalate into a trade war.
Washington
The FMC proposes a levy of 200 thousand dollars per voyage on ships under the Spanish flag and restrictions on the import of certain products
Port reform: the Commission rejects the governance changes to Ports of Italy.
Rome
Yesterday, the Chamber of Deputies' Committee voted on Article 9 of Bill 2925: the opposition's amendments were rejected; further consideration has been postponed to another session.
Port of Singapore sets new all-time record for quarterly container throughput (TEUs)
Singapore
Marine fuel sales highlight ongoing transformation of fuel market
Two container ships hit by shells while transiting the Strait of Hormuz
Southampton/Singapore
The "GFS Pride" suffered damage and a fire on board, and subsequently sank
Attacks on ships and ports: ETF appeals to EU leaders
Brussels
"We need action, not another declaration of concern": the union calls for worker safety to be placed at the heart of the European response in the Black Sea.
RINA held responsible for the sinking of the Al Salam Boccaccio '98 , according to the Genoa court.
Genoa
The company declares its profound disagreement and recalls the conclusions of other investigations
Peru plans second major national port
File
The port of Corío will be built on the southern coast of the country to also serve Brazilian exports
Attacks on ships in the Strait of Hormuz and the Black Sea are multiplying.
Sofia/Southampton/New Delhi
Two vessels hit in Bulgaria's special economic zone
Maritime ETS: SMAP under scrutiny by those who produce the fuels of the future
Brussels
A joint letter from producers, utilities, shipowners and NGOs calls for the reservation of quotas for e-fuels and the introduction of advance booking
The Port of Los Angeles sets new all-time monthly and quarterly container throughput records.
Los Angeles
New peaks in full containers upon disembarkation and empty boxes
Rheinmetall acquires Mangalia shipyard for €138 million
Bucharest
The project is linked to the relaunch of the Romanian shipbuilding industry and the construction of four units for the Navy
United Transport Mutual is born: ships, ports and logistics under the same insurance umbrella.
London
UK P&I Club and TT Club members approve merger, retaining names, brands and teams
Spain, short sea shipping is declining
Madrid
SPC Spain warns that the costs of environmental regulations are pushing trafficking away from the sea
Port of Ravenna, August at -20.5% and September estimated at -9%.
Ravenna
Global trade is more resilient than expected. AI is boosting goods, while services are holding back.
Geneva
The WTO has revised its estimates: goods growth of 3.9% in 2026, services growth of 3.3%. But the impact of the Middle East crisis is not the same for everyone.
European ports: sustainability enters the implementation phase
Brussels
From policies to results: the ESPO report photographs the sector's progress, declines, and priorities.
Le Aziende informano
Ufficiali di Macchina: l'Accademia Italiana della Marina Mercantile apre le selezioni per il corso ITS triennale gratuito. Scadenza 26 ottobre
German Federal Government Bans Sale of Zippel to Chinese Group COSCO
Berlin
In February the antitrust authority had approved it
Fedespedi Report: Northern Adriatic Ports Are Growing, But They Speak Slovenian and Croatian
Milan
Assoporti represented the Italian position on the EU ETS at ESPO
Rome
Petri: No to the indiscriminate application of rules designed for profoundly different territorial realities.
DP World secures ten more years of management of the multipurpose terminal at the port of Luanda
Dubai
Since 2021, it has invested over 260 million dollars in it
Port of Naples, the Darsena di Levante - warns Confindustria Napoli - can no longer wait
Naples
Hupac's new shuttle train between Busto Arsizio/Gallarate and Barcelona
Noise
The three-weekly service will be inaugurated on November 9th
Uniport: Port resilience must be transformed into growth
Uniport: Port resilience must be transformed into growth
Rome
The association is calling on the government to provide clear timelines for infrastructure and dredging, to give businesses more weight in decision-making, and to amend the EU ETS.
Bangladesh seeks to increase competitiveness of ship recycling sector
Dhaka
A plant for the treatment, storage and disposal of waste resulting from ship demolition is planned
Three merchant ships hit in the Black Sea in the special economic zones of Romania and Bulgaria
Bucharest/Sofia
The accidents have resulted in a serious toll: two dead, several injured and an entire crew missing.
HD Hyundai installs first system that eliminates container lashing and unlashing on ships
HD Hyundai installs first system that eliminates container lashing and unlashing on ships
Seoul
A 13,000 TEU container ship from CMA CGM has been equipped with it
Attacks on ships in the Strait of Hormuz continue
Southampton/London
Another vessel was hit yesterday. There have been 93 incidents in the Middle East since the beginning of the year.
Deep Wave expands its digital platform to passengers and cruises
Graz
Investment in Austrian MarineXchange
Construction of a cruise terminal has begun in the Japanese port of Naha.
Naha
Operations are scheduled to begin in March 2028.
Assiterminal promotes port reform, but calls for corrections to Ports of Italy.
Genoa
Three critical issues were highlighted by the terminal operators: the role of the AdSP, the overlap between the grantor and the concessionaire, and the retroactivity of the new regulations.
LNG Ships and Taxonomy: EU Court Rejects Lack of Methane Limits
The Commission will have to set a methane emissions threshold for maritime transport criteria. The appeal by three NGOs was partially upheld.
Ports: The EU Commission calls on Italy to reject the national flag requirement for towing and mooring.
Brussels
France and Spain also received a reasoned opinion: two months to comply with the regulation on port services.
Another ship attacked in the Strait of Hormuz
Southampton/Tehran
Iran faces a shortage of basic goods, which are also imported through the Persian Gulf.
European Corridors: Italy Faces the 2030 Challenge
Brussels
National infrastructure largely compliant, but timing and funding of key projects remain uncertain
Electrification of ports and airports: the electricity grid is the new bottleneck
Brussels
Transport & Environment calls for speeding up connections and moving beyond the "first come, first served" criterion.
Boluda manages the multipurpose terminal at the Príncep d'Espanya pier in the port of Barcelona
Barcelona
The concession contract will have a duration of 16 years
The current value of Aeroporto di Genova Spa is between 14.9 and 15.9 million euros.
Genoa
PwC's assessment presented
FEPORT: EU ETS should not push transhipment out of Europe
Brussels
The terminal operators' federation calls on the ENVI commission to strengthen measures against tax evasion and to allocate part of the ETS revenues to ports.
New series of attacks on ships in the Strait of Hormuz
Southampton/Tehran/Tampa
Three tankers hit by shells. Another vessel caught fire.
Eurokai, higher revenues but lower profits
Eurokai, higher revenues but lower profits
Hamburg
Revenue up 14.4% and traffic up 8.3%, but net profit fell by 8.3% due to the lower share of Eurogate.
Genoa's boarding tax: the Regional Administrative Court rules in favor of the City Council.
Genoa
The appeal of shipowners and shipping agents was rejected
The Regional Administrative Court of Liguria has ruled that...
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
Miami
Customer deposits are at their highest. Prices and occupancy are expected to record next year.
Paolo Moretti has been appointed CEO of RINA Spa.
Genoa
Giosuè Vezzuto has assumed the role of CEO of RINA Services
HD Hyundai and Kiewit to establish joint venture at new shipyard in the US
Houston/Seoul
The construction of both military and commercial vessels is planned
Konecranes' quarterly port equipment orders decline as revenue increases
Helsinki
Kuehne+Nagel's third quarter was very positive
Schindellegi
Growth in economic and operating results in all business segments
Wildcat's race for US defense: exclusive agreement with historic Fraser shipyard
Superior
The Miami Beach fund's operation is part of the government's plan to relaunch the American shipbuilding industry.
Port of Ancona: First single ZES authorization issued
Ancona
A three million euro investment in yacht construction has been unblocked.
Access to the port of Ravenna is authorized for vessels with a maximum draft of 11.00 meters.
Ravenna
Benevolent: it is a fundamental step for the economic and strategic development of the airport
Port of Genoa extends food inspection authorization to PSA SECH terminal
Genoa
The provision of the Ministry of Health expands the categories of products that can be subjected to control
On Thursday, the Unione Interporti Riuniti will present the ELODIE project at the Chamber of Deputies.
Rome
The aim is to create a digital federation of interports
ABB reports record orders of $12 billion in the third quarter.
Zurich
Revenues and profits also increased, while the group announced a joint venture with Mitsubishi Electric
In the third quarter of 2026, containers in the port of Barcelona decreased by -9.2%
Barcelona
The decline was driven by a 19.9% reduction in transhipment traffic.
COSCO Shipping Ports terminals set new quarterly container throughput record
Hong Kong
In the period July-September also volumes handled by CMPort
In August, the ports of Western Liguria handled 5.2 million tons of goods (+1.6)
Genoa
In Genoa, an increase of +6.1% was recorded, while Savona-Vado Ligure suffered a decrease of -10.0%.
Raben Italy opens a new warehouse in Pomezia
Milan
The goal is to consolidate the positioning and territorial expansion in road transport
Port of La Spezia signs agreement to develop blue economy and security projects
La Spezia
It was signed by the AdSP and the Foundation of the National Centre of the Underwater Dimension
The Port of Long Beach celebrates new monthly container throughput record
Long Beach
New all-time high also in the July-September quarter
The tender for the partial demolition of the North Pier of the Port of Ancona has been launched.
Ancona
The intervention includes the regularization of the relevant seabeds
HMM invests over $1.6 billion for 12 new container ships
Busan
By 2029, the delivery of eight 13,000 TEU vessels, three 2,800 TEU vessels and one 1,700 TEU vessel
Paolo Pessina confirmed as president of Federagenti
Rome
Unanimous vote of the Federation assembly
Negotiations have begun to renew the single collective bargaining agreement for the shipping industry.
Rome
The parties have agreed on a busy schedule of meetings
Container traffic in the port of Hong Kong grew by 15.1% in the third quarter
Hong Kong
In September the increase was +25.0%
Maritime training: Appeal to the Regional Administrative Court (TAR) against the Port Authority's fee hike
Rome
ANIFORMAR, CONFORMAR, and 15 training centers challenge the MIT-MEF decree: increases reach up to 149.3%.
The Spinelli Group has opened a new empty container depot in Novi Ligure.
Genoa
Investment worth 14 million euros
Rhenus integrates its logistics services into a single hub at the Padua Interporto.
Padua
The site will bring together road transport, air and sea freight, warehousing and specialized services
A truck driver dies at the Cagliari canal port.
Cagliari
He would have been crushed by a load of large pipes
Maritime labor, Confitarma is concerned about the uncertainty arising from the Revenue Agency's interpretative stance.
Mitsubishi Heavy Industries plans to expand shipbuilding capacity
Tokyo
The company plans to invest 100 billion yen
Trasportounito: The government is crazy if it thinks the road haulage crisis can be solved on its own.
Rome
Application of the diesel cost adjustment clause urged
Emanuele Grimaldi is the new president of the Malta International Shipowners Association.
Valletta
She takes over from Marily Frangista, who has been leading the association since April 2022.
The fourth edition of Green Logitics Expo kicks off tomorrow morning in Padua.
Padua
It will see the participation of over 300 exhibitors and the holding of 30 conference events
In the third quarter of this year, cargo traffic in Turkish ports decreased by -1.1%.
Ankara
Volumes to and from Italy grew by +6.2%
Assiterminal, the flexibility of the PRPs should take into account the relevant market in which the ports operate
Genoa
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Cetus Maritime plans to list on the Euronext Growth Oslo stock market
Hong Kong
Acquisition of 16 ships in preparation for listing on the stock exchange
On Saturday, a U.S. jet struck a bulk carrier in the Gulf of Oman.
Tampa
Centcom: The ship had attempted to enforce a naval blockade against Iran.
Ship hit near Strait of Hormuz
Southampton
A bullet started a fire which was later put out
OOCL reports 9.0% growth in vessel-borne volumes in the third quarter
Hong Kong
The increase in the value of maritime freight rates causes a +45.1% increase in revenues
HD Hyundai Marine Solutions to Acquire American Company Goltens Worldwide
Dubai/Seongnam
The company deals with the repair and maintenance of large marine engines and industrial machinery.
UNATRAS to the government: Immediately unblock measures to reduce diesel prices.
Rome
Road transport associations report delays and uncertainties in implementing the May 22 agreement and are calling for an urgent meeting.
Port of Taranto: Gugliotti renews his request to the government for funding for the port's wind farm.
Taranto
The project - he underlined - can neither be scaled down nor postponed.
Attack on a ship in the middle of the Persian Gulf
Southampton
The UKMTO reported that several projectiles caused casualties among the crew members.
Gioia Tauro: Addendum to the updated Port Plan approved
Gioia Tauro
The analysis will allow us to evaluate the Port Agency's employment and staffing needs.
Ships queuing, fuel wasted: how waiting at anchor can save you money.
Copenhagen
The Global Maritime Forum publishes Cargill's test results on 16 real-world voyages. Slowing down and arriving when the berth is free reduces fuel consumption and emissions.
ZIM raises full-year 2026 guidance
Haifa
Adjusted EBITDA and EBIT expected to be $2.7 billion/$3.0 billion and $1.4 billion/$1.7 billion
Gabriele Sangiorgi appointed acting secretary general of the Ravenna Port Authority.
Ravenna
Fabio Maletti's term has expired
Port of Genoa: Messina Terminal workers strike for one hour for a month
Genoa
The company reports that one of the union members did not show up at the last meeting as part of the cooling-off procedure provided for by the National Collective Labour Agreement.
Port of Taranto, agreement to participate in the development of the Valbasento Interporto in Ferrandina.
Matera/Taranto
A logistical-functional masterplan will be developed within 180 days
Attica, the deficit is reduced thanks mainly to capital gains and coverage
Kallithea
First half of the year with fewer crossings and slightly increasing revenues
Since the beginning of the year, passengers and goods on GNV ships have increased by +2% and +5%
Marrakech
Three-year strategic partnership with the Office National Marocain du Tourisme
Escola Europea - Intermodal Transport celebrates its 20th anniversary
Barcelona
A Mediterranean sea voyage between Barcelona, Civitavecchia, Palermo, and Genoa.
Filt Cgil, recognize maritime and port work as arduous
Rome
The union is calling for a clear provision to be included in the next budget law.
Tanker attacked in Hormuz
Southampton
The unit continued its navigation regularly
FS Logistix and Interporto Bologna presented the first Italian experimental DAC train
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
Sanilog launches a special cancer prevention campaign.
Rome
Three new areas dedicated to the prevention of head and neck and oral cavity cancers and the assessment of vascular risk
Contract awarded for dredging and completion of the electrification of the docks at the port of Gioia Tauro.
Gioia Tauro
They will be carried out respectively by Dravo and RTI Saet-Suardi
Student Naval Architect Award Awarded in Genoa
Genoa
The d'Amico Group and the Royal Institution of Naval Architects recognize excellence in naval engineering.
Freight transport is more expensive for Malta: €35 million per year between ETS, FuelEU and BAF
Zebbug
The hauliers' association calls on the government to challenge a European policy designed for the continent.
CMA CGM has finalized the acquisition of FedEx Supply Chain.
Marseille/Atlanta
With the transaction, CEVA Logistics' presence in North America has tripled.
Contships to order 10 feeder vessels with options for a further 10+10
Athens
Letter of intent with China's Hubei Guangji Green Energy Shipbuilding Group Co.
DP World signs agreement to develop deepwater port in Nigeria's Ogun State.
Dubai
The project includes approximately four kilometers of docks
New port regulations for Civitavecchia, Fiumicino, and Gaeta have been approved.
Civitavecchia
The procedural agreement with Interminal in Gaeta has been approved.
Kotug Acquires Majority Stake in Vortex Offshore
Rotterdam
The Dubai-based company provides maritime services to the offshore industry in the Middle East.
Over €1.9 billion in Spain to improve road and rail connections between ports
Madrid
Port authorities will contribute 875.1 million euros
Attica Holdings sold the ro-pax vessel Levka Ori for €8.3 million.
Kallithea
The ferry was built in 1987
DFDS's Trieste-Damietta ro-ro service will become bi-weekly in mid-October
Copenhagen
Inserting a second vessel into the route
The Italian Merchant Marine Academy increases cooperation with the Port of Durres.
Genoa
A memorandum of understanding has been signed
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
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
On Thursday, the Unione Interporti Riuniti will present the ELODIE project at the Chamber of Deputies.
Rome
The aim is to create a digital federation of interports
››› Meetings File
PRESS REVIEW
Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave
(South China Morning Post)
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
A volume on the history of the Tuscan port system will be presented in Livorno on Friday.
Livorno
A comparison of the key players in the port sector: from the reforms of the 1990s to the challenges of the future.
Suardiaz takes delivery of a 5,000-car LNG-powered car carrier
Madrid
A second PCTC vessel is expected in mid-2027
Hapag-Lloyd raises its 2026 outlook further
Hamburg
Strong demand and rising spot freight rates are pushing the company to significantly increase its EBITDA and EBIT forecasts.
UNIPORT's public meeting will be held in Rome on October 6th.
Rome
Debate on port reform and other relevant aspects of the sector
Tarros and Nurminen Logistics launch new Scandinavian-Mediterranean intermodal service
La Spezia/Helsinki
The land route connects Örebro, Parma and La Spezia
Pilot project for the production and use of green hydrogen at the port of Savona
Savona
Paroli (Western Ligurian Port Authority): a port area has been identified for work.
The first caisson of the breakwater protecting the regasification plant off the coast of Ravenna has been laid.
Ravenna
The maritime work will be approximately 900 metres long
Fincantieri and PT PAL sign agreement for the modernization of an Indonesian Navy vessel
Trieste
This is the "Kri Sriwijaya" unit (formerly "Giuseppe Garibaldi")
In Italy, the blue economy is worth 225 billion, and the nautical industry alone exceeds 10 billion in exports.
Rome
SACE's Focus On presented at the Genoa Boat Show
Fire aboard the Blue Star Ferries ro-ro vessel Blue Carrier 2
Kallithea
The 29 people on board were evacuated
Costs and timescales for the reconstruction of the four US Navy shipyards are rising exponentially.
Washington
If in 2018 21 billion dollars and 20 years of work were expected, today the estimate is 200 billion and at least 50 years.
Shipping faces its triple challenge: decarbonization, geopolitics, and the new geography of the automotive industry.
Chaff
At the Euromed Convention in Grimaldi, the sector is dealing with new environmental regulations, increasingly exposed routes and the shift of automotive production towards Southeast Asia.
Orizzonte Sistemi Navali signs a €3.7 billion contract for two destroyers
Trieste
The "Domenico Millelire" PPA has been delivered to the Navy.
Livorno: The Supreme Court of Cassation overturns the convictions in the Darsena Toscana docks affair.
Rome
The appeal ruling overturned the court's acquittal and convicted three defendants of ideological forgery.
The Port of Rijeka expects to close 2026 with a record container traffic of 800,000 TEUs.
River
With the new terminal on the island of Krk, traffic could rise to 1.7 million TEUs
Offshore wind energy funding: Pichetto reassures Taranto, but Taranto demands certainty.
Taranto
The 2026 funding for the Apulian port drops to €13.9 million. Gugliotti hopes for a formal confirmation of the remaining resources in 2027.
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