BRIEFS

testata inforMARE

18 August 2026 - Year XXX

Independent journal on economy and transport policy

18:59 GMT+2

BRIEFS

April 17, 2012

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Long Beach March volume up 12pc to 461,600 TEU, sparking hopes of recovery Kuehne + Nagel results beat market, but EU antitrust fine slashes profits Grounded 3,860-TEU Taiwan boxship refloated without harm off Karachi Abu Dhabi Terminals at Mina Zayed 2011 volume up 47pc to 767,713 TEU Pirate ransoms inevitable, seizing booty risks more than it gains: lawyer US Army Corps of Engineers backs beleaguered Savannah dredging scheme CN makes deal with CSX, providing west coast imports Ohio Valley access Mumbai's JN port boxes up 1.17pc, showing best performance in 5 years Transnet to invest US$4.3 billion to up South African capacity in 7 years British Columbia premier expects US$25 billion to go on infrastructure American Feeder Lines wins US$500,279 financing from Nova Scotia Cathay Pacific and Dragonair March cargo down 10.7pc to 144,140 tonnes China Southern Airlines launches daily Guiyang to Bangkok service Hactl implements US$31million COSAC-Plus cargo handling programme FedEx's four 757Fs to boost northern European next-biz-day service AirBridgeCargo Airlines gains IATA operational safety certification

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Emirates Shipping joins Korea East Asia Middle East service ITIC says shipbrokers must protect commission entitlement Koper port in new container service connecting Egypt & Adriatic Sea Maersk Mc-Kinney Moller no more MOL acquires Competence Management System (CMS) certification from DNV MOL enhances Asia-Mexico, West Coast South America service New rail service from Port of Le Havre NSCSA unveils new brand identity-Bahri NYK LINE upgrades ALEX (Asia Latin America Express) service Despite EU turbulence, textile exports climb 11 pc Exporters caught unawares by jump in Basmati prices India urges Iran to lift ban on wheat imports IPGA urges govt to allow re-export of pulses Oilmeal exports slip a tad in March US asks India to streamline norms for import of poultry, toys Angré Port to be inaugurated on April 24 Forex reserves tumble $ 1.47 bn to $ 292.92 bn RBI pegs $ reference rate at 51.05 SECR freight traffic surges 7 pc in FY12 Sensitive items imports jump 42.6 pc during April-Jan. Set up fund to provide dollar loans to SMEs, Fieo tells RBI

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APRIL 16, 2012
Dusseldorf welcomes UAE service expansion Air Berlin, now a member of the One World Alliance, began daily flights between Dusseldorf (Germany) and Abu Dhabi (UAE) on 28 March 2012. The carrier uses an A330-200 with a cargo... Finland's national railway reports drop in freight volumes VR Group, Finland's state railway, only hauled 34.8 million t of goods in 2011, 2.7% less than in the preceding year. The company was also forced to post of loss of EUR 10.8 millio... US market: German manufacturers see strongest March since 2007 German manufacturers noted that their sales of light trucks (SUV, CUV, vans and pick-ups) in North America grew faster than the US market in March 2012. Whilst sales overall jumped... Denmark: police and transport industry start fight against crime The Danish police and the country's transport industry organisations recently had their first meeting in a new cooperation. The alliance's goal is to go on the offensive against cr... Tarros restyling and upgrading Great Pendulum Service Tarros, a regional container carrier and multi-transport operator specialized in the Mediterranean region, recently completed the restyling and upgrading of its Great Pendulum Serv... CMA CGM introducing peak season surcharge The French shipping company CMA CGM is introducing a peak season surcharge of USD 200/teu today (16 April). The rate hike applies to services between North Europe, the Red Sea and ... Air China temporary reduces Dubai service From today (16 April 2012) until 1 July 2012, Air China is reducing its Beijing - Dubai service. The carrier is operating the link four times per week instead of five. The Monday s... ABC awarded IOSA certification AirBridgeCargo Airlines (ABC), Russia's biggest cargo carrier, has successfully completed an audit to be listed in the Iata Operational Safety Audit (IOSA) regis... BLS Cargo hauled more goods in 2011 The Swiss freight railway BLS Cargo reported that its earnings before interest and tax came to CHF 4.2 million in 2011, CHF 1.8 million more than the previous year. The company's t... New name for Zurich's forwarding association Zurich's forwarding association (Zürcher Spediteur-Vereinigung/ZSV) recently held its 89th annual general meeting, which was well attended by around 100 members and guests. During ... Kandia Dulce Romania trusts in DB Schenker Logistics Kandia Dulce, one of Romania's leading confectionary companies, has awarded the German service provider DB Schenker a contract to manage its warehousing and transportation activiti... Nobert Dentressangle launches new service Norbert Dentressangle Overseas - the fast-growing freight forwarding division of the French service provider Norbert Dentressangle - has launched 'Red Sky Connect', a managed, end-... IJS Global appoints head of ocean freight for EMEA IJS Global has further expanded the senior management team of its ocean freight division by appointing Matthew Deer as head of ocean freight EMEA and senior vice-president. He repo... New UK manager of sales for SBS Worldwide SBS Worldwide has named Richard Perriman as UK general manager of sales. He has been in the industry for 25 years, working for a variety of freight forwarders. Most recently Perrim...

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APRIL 16, 2012
Kvichak delivers RB-M C to Seattle Police Department Bourbon AHTS is first vessel drydocked by Damen Shiprepair... ACL buys eight SeaRiver tank barges Teekay Corporation to sell most of its tankers to Teekay... P&O Maritime research vessel carries out survey for Irish... Vancouver Shipyards calls in STX to help it gear up for NSPS... Mærsk Mc-Kinney Møller dies at 98 Polar research ship has Raytheon Anschütz IBS ASL Marine adds five vessels to its order book

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APRIL 16, 2012
Port of Kalama to fill port commission vacancy Port of Bellingham schedules airport planning public meetings 13th District Coast Guard officer selected as top enlisted person Port of Newport seeking Director of Finance applicants Wallenius Wilhelmsen Logistics making environmental headway

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APRIL 16, 2012
Italian judgment looks set to be an antitrust milestone Fines imposed on cartel for fixing agency fees could be seen as authorities' opening salvo in a purge of anti-competitive practices Brussels supports first non-ECA LNG supply project Ten-T funding for seven maritime projects has been revealed TT-Line plans scrubber trials Ferry operator plans 2013 retrofit Ferry operators trial cold ironing power systems New standards and EU funding see lines trial shore-based power Shipowners ill-prepared for UK Bribery Act Firms that fall short could be forced out of the market LPG carrier owners charge premium for Iran spot market loadings Iranian fixtures help keep Middle East-Asia spot market stable Pipeline repair boosts Mediterranean aframax rates Turkish oil exports recover as Ceyhan pipeline reopens Shipping remembers Maersk Mc-Kinney Moller Friends, family and colleagues pay tribute to a modest man with a creative streak Maersk Mc-Kinney Moller dies Legendary shipowner leaves extraordinary legacy Indonesian mining tax is bad news for bulk shipping Punitive export duties could be introduced within a few months New low price benchmark set for Chinese-built capesize bulker resales Cancelled orders resold by Jinhai Heavy Industries to European buyers for $36.5m MISC sells biggest boxships Full exit from container shipping underway German cargoship diverted amid claims of Syria arms run Ukraine-chartered vessel to be searched after reported breach of arms embargo Vos Logistics posts 5% rise in net turnover Domestic and international cargo volumes both up in the first nine months of 2011 Sharp fall in lending to shipowners Dealogic reports 68% drop in first quarter TT Club writes more business But profits fall by 90% due to difficult claims environment Ningbo Marine sells bulker for $3.6m in scrap deal Shanghai-listed owner legally obliged to scrap 1978-built handysize Maersk Mc-Kinney Moller Death of Maersk Mc-Kinney Moller leaves group facing a new era Too tight to mention Norwegian bond market goes where others fear to tread Chinese and Bangladeshi interest boosts scrap prices Surge in activity prompts Indian breakers to raise prices too Brussels fine weakens K+N results First-quarter results 'unsatisfactory' despite volume growth Evergreen confirms 13,800 teu order Taiwanese line secures ships at bargain price China and Germany sign MoU to build onshore power systems for vessels Countries agree to develop exhibition project in Shanghai and Hamburg When Maersk Mc-Kinney Moller called in on Lloyd's List Said a personal thank you for his Lifetime Achievement award Rasmussen and Andersen pay tribute to Mc-Kinney Moller Passion and vision an inspiration to workforce Liverpool tug crews to strike next week Svitzer faces four-day walkout Shanghai box throughput growth slows in first quarter Port performance in line with forecasts as Chinese growth slows Abu Dhabi's Mina Zayed port sees 47% rise to 768,000 teu Container volumes have more than tripled since 2006 but chief executive says most exciting years are still to come UASC fixes $150m loan facility from Burgan Bank Shipowner plans service expansion in key trades Tighter maritime security pays off in Asia Fewer incidents in Malaysia, South China Sea and Straits of Malacca in first quarter

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APRIL 16, 2012
MPP vessel in sanctions row A GERMAN multipurpose vessel has been pulled from a voyage to Syria by its owner/manager in the Eastern Mediterranean due to fears over a sanction breach Grounded ship refloated in Karachi TAIWANESE container ship YM North loaded with 1,740 containers which ran aground near Karachi Port was re-floated on Saturday Canada boosts Churchill prospects CANADA'S government has created a C$25M ($25M) fund to support the diversification of shipping through the Port of Churchill One dead, four hurt in breaking blast A MASSIVE blast killed one worker and critically injured four others at India's Sachana Ship Breaking yard on Friday Indian companies put $300M abroad India's Mercator, Varun Shipping and ABG Shipyard decided to invest about $300M abroad in March, data released over the weekend by India's banking regulator, the Reserve Bank of India (RBI), has revealed Freight hikes hit K+N earnings Freight forwarder Kuehne + Nagel today reported a considerable drop in first-quarter earnings due to soaring freight rates New antitrust suit filed A major new antitrust action has been filed by 37 shippers related to alleged price-fixing in the US-Puerto Rico box trade in 2002-2008 Long Beach imports jump MARCH container imports to California's Port of Long Beach increased 18.3% year-on-year to 226,150teu, spurred by a post-Chinese New Year volume surge Seadrill to expand Seabras for listing SEADRILL, the listed company in the centre of John Fredriksen's offshore business, plans to expand the operations of its Brazilian unit Seabras before listing the company US scrappers plead guilty OWNERS of a US ship-breaking company have pled guilty to environmental crimes stemming from their scrapping business in Virginia Bangladesh, China rule breaking game BREAKERS in Bangladesh and China upped their offers last week as both countries had an avid appetite for tonnage Discounts prompt bulker purchases FALLING asset prices are spurring investments in the secondhand bulker market, despite the Catholic and Orthodox Easter holidays last week Torm and banks agree temporary standstill DS Torm, the trubled Danish product tanker and dry bulk shipping group, and its bank group have extended the deferral of instalments and covenant standstill until 30 April 2012 Bulker scrapping up; fleet growth also up THE rate at which dry bulk carriers have been scrapped so far this year has been brisk, but analysts have mixed views about the future Asciano, MUA agree to formal talks AN END to the battle between port operator Asciano and the Maritime Union of Australia appears close, after both parties agreed to a formal resolution process starting today

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APRIL 16, 2012
Puerto Rico Shippers Sue Sea Star, Crowley More than three dozen customers of Sea Star Line and Crowley Liner services have filed a triple-damage antitrust lawsuit against... Diesel Prices Fall for Second Time in Three Weeks Diesel prices across the U.S. fell for the second time in three weeks, slipping 2.1 cents in the week ending... US-Colombia FTA Set to Take Effect Next Month U.S. exporters and importers will be able to better tap the growing Colombian economy starting May 15 when the free... UASC Completes $150 Million Financing Deal United Arab Shipping Co. has concluded a $150 million financing deal that includes a seven-year senior term loan facility with... High-Tech Product Launches Lift Cathay Pacific The launch of electronic products by manufacturers such as Samsung and Apple gave a significant boost to air freight exports... Emirates SkyCargo Boosts Dubai-Australia Capacity Emirates SkyCargo has doubled freighter capacity on its service between Dubai and Australia. The Boeing 777 freighter service will... LA-LB Container Volumes Climb Container volumes at the ports of Los Angeles and Long Beach bounced back strongly in March following a weak February.... Frankfurt Airport Cargo Declines 11 Percent Frankfurt airport handled 11 percent less freight in March than a year ago as a night flight ban aggravated the... Intermodal Volume Inches Up 1.1 Percent U.S. intermodal rail shipments in the week ending April 7 rose 1.1 percent year-over-year and fell. 4.7 percent from the... TT Club Income Hit by Record Catastrophic Claims The TT Club, a mutual insurer of transport and logistics risk, reported a 90.6 percent drop in net income on... House Likely to Vote Tuesday on Transport Bill Extension The House is expected to vote Tuesday on another 90-day funding extension for surface transportation programs, giving Democratic members the... Kuehne + Nagel's Profit Slumped in First Quarter Kuehne+Nagel's first quarter profit slumped to $73.5 million from $167.5 million a year ago as the Swiss global logistics group... Maersk Mc-Kinney Moller Dies at 98 Maersk Mc-Kinney Moller, the legendary Danish shipowner who helped build Maersk Line into the world's biggest ocean container carrier, died... Ocean Carriers Ready Further Rate Hikes Ocean carriers are preparing a fresh round of rate hikes on the Asia-Europe trade, taking advantage of stronger-than-expected cargo growth... Indian Authority Slashes Rates at PSA Chennai Terminal India's Tariff Authority for Major Ports ordered a 12.23 percent reduction in tariffs levied by Chennai International Terminals, a PSA... Abu Dhabi Terminals Volume Rose 47 Percent in 2011 Abu Dhabi Terminals saw volume rise 47 percent year-over-year in 2011, reaching 767,713 20-foot equivalent units. ADT currently operates... ANA, JAL International Cargo Volumes Soar Japan's All Nippon Airways Co. (ANA) said that its international cargo volume soared 24.5 percent in February from the same... Evergreen Orders 10 Mega-Ships Evergreen Line said it will charter 10 ships with capacities of 13,800 20-foot equivalent units. The Taiwanese... Growing World Demand Sparks the End of Cheap Oil All it took was the March 25 shutdown of a single North Sea oil platform to boost Brent crude oil... ILA Talks Off to Quiet Start After a mighty bluster in the run-up to negotiations for a new contract at East and Gulf Coast ports, the... Class 8 Heavy Truck Orders Decline Are trucking companies losing confidence in the recovery and slowing plans to upgrade or expand capacity? There are signs carriers... YRC Freight Streamlines Operations YRC Freight streamlined its nationwide network last week, implementing changes to reduce freight handling and focus the $3.2 billion less-than-truckload... FMCSA Cracks Down on Fraudulent Brokers When the gavel finally came down on convicted scam artist Kulwant Singh Gill on March 28, it came down hard.... Potholes Scar Road to US Highway Bill The curtain is nearly drawn on Congress passing a surface transportation bill this year, but a positive House performance could... Senators Want Mexico to Drop Poultry Probe A bipartisan group of 16 senators, led by Tom Carper, D-Del., and Saxby Chambliss, R-Ga., have sent a letter to... Holt Completes Rooftop Solar Power Plant Gloucester Marine Terminal in New Jersey is one of the nation's largest dockside refrigerated warehouse facilities. Now it is also... Purfresh Expands Latin America Staff Purfresh Inc., which provides ocean transportation and supply chain management technologies that optimize the quality and safety of fresh produce,... New Pharma Service for TNT Express TNT Express has started a service it says will simplify and secure the international movements of pharmaceutical products such as... Growing Cold Train Gets Drayage Partner Rail Logistics-Cold Train and Interstate Distributor forged a partnership in which Cold Train will use a dedicated fleet of trucks... Kuehne + Nagel Starts Pharmaceutical Service Swiss freight forwarder Kuehne + Nagel has introduced a new product for the pharmaceutical and health care industry. KN... Klinge Unveils Blast Freezer Box Refrigerated equipment manufacturer Klinge has introduced a lower-cost version of its blast freezer container, which quickly freezes cargo to minus-76... Refrigerated Warehouses See Growth in Profits The outlook for growth in profits improved for North American public refrigerated warehouse companies in the second half of 2011... Savannah Expands Reefer Capacity The Georgia Ports Authority added 20 refrigerated container racks at the Port of Savannah's Garden City Terminal. Each... Wilmington, Del., Sets Cargo Records The Port of Wilmington, Del., handled 5,084,478 tons of cargo last year, up 26 percent from 2010, and achieved the... Family Dollar to Expand Reefer Product Line Family Dollar Stores plans to add about 1,000 items to its stores this year, including more frozen breakfast, lunch and... Target Set to Break Ground on Food Distribution Center Target Corp. is ready to begin construction of a $103 million refrigerated distribution center in central Ohio that will employ... Trade Blocks Often Protectionist in Nature Bilateral negotiations to end agricultural trade disputes failed with 46 nations, the European Union, the Gulf Cooperation Council and the... Agriculture Trade a 'Risky Business' Analysts and economists at the U.S. Department of Agriculture are full of good news about sales prospects for U.S. farm... US Food Safety Regulations Come at a Price First came the Facebook posts that got shared and reshared. Within a few days, "pink slime" was a trending topic... Reefer Truck Shortages Boost Rates There will be more Florida oranges coming out of the groves and onto refrigerated trucks this year - good news... US Agricultural Foods Whet Chinese Appetites China's consumers spent $962.8 billion in grocery stores last year, pushing the country to the world's top spot in grocery... Food Exporters Note PierPass Flaws Refrigerated shipments are expected to grow along with the world's middle class, but a representative for U.S. food exporters warns... US Exporters Hope for Bigger Piece of Korea's Market A month after the U.S.-South Korea free trade agreement took effect, U.S. pork producers, cattle ranchers and fresh fruit and... In Mexico's Trade Complaint: Parts Ain't Parts Take 30 seconds to relive part of the 1980s when fast food chain Wendy's spent millions of dollars... On Container Shipping: Where's the Logic? Just when it looked as if ocean carriers were nearing a recovery of some sort, with rate increases taking hold... US Auto Production Revving Up Exports Saratoga Honda's parking lot is full of new cars, a sharp contrast to last summer, when the auto dealer's supply... The Shift to a Cleaner, Cheaper Fuel Is a Slow One Booming natural gas production isn't just giving the truck industry extra loads to haul. Low natural gas prices are providing...

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APRIL 16, 2012
K+N takes knock in Q1 12 Despite further cargo growth, Kuehne + Nagel suffered a reduction in profitability in Q1 12 due to lower margins in forwarding and its fine of CHF65 (USD70.2) million ... Savannah port move closer to harbour deepening The US East Coast Port of Savannah is a step closer to realise its ambition to deepen its harbour as after 15 years of study. The United States Army Corps of Engineers ... Transpac rate hikes off the agenda? In its weekly US logistics market review, Wall Street's Wolfe Trahan, has provided more evidence that the rebound in ocean freight rates on the Asia to USWC tradelane ... Yusen expands ISO coverage in Europe Yusen Logistics can now boast 12 countries and 35 individual facilities as compliant under its ISO 14001 quality control certification as it strives to improve ... Maersk Mc-Kinney Moller: R.I.P Denmark's greatest businessman - the driving force and figurehead of a global transport and energy business employing 108,000 people across 135 countries - Maersk ... Northport orders more equipment from Cargotec Northport (Malaysia), which operates one of the main container-handling complexes in Port Klang, and Cargotec, a leading supplier of container-handling equipment, ... China boosts yuan The chief of the International Monetary Fund [IMF] Christine Lagarde, has welcomed the People's Bank of China's decision to allow its currency to move up or down ... Mina Zayed powers ahead Mina Zayed, Abu Dhabi, posted a massive 47% jump in its box throughput in 2011, with a total of 767,713 TEU handled. The rise in traffic volumes was attributable ...

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APRIL 16, 2012
Heavy claims hit TT Club Liner shipping mutual manages to hold on to profitability despite natural disasters, port damage and containership casualties. Drunk master jailed Russian captain found asleep at helm of Danica Hav banned from vessels for a year by Danish court. NSCSA brushes off downturn Saudi tanker owner defies the gloom to post huge first quarter profit. Tanker raided off Singapore Robbers board Vietnam's Great Fish, threaten crew and steal cash before escaping. Seadrill IPO delayed again Fredriksen drilling company focuses on new structure for Brazilian spin-off ahead of listing. 'Demanding but inspiring' AP Moller CEO and chairman add their voices to those lining up to honour Maersk Mc-Kinney Moller. Tributes flood in for legend Current and former employees remember Maersk Mc-Kinney Moller the businessman and the gentleman. Farstad sheds two more Oslo-listed owner accelerates disposal of 1980s-built tonnage. Sell-offs back on agenda? Renewed speculation over Danske Bank disposal after death of Maersk Mc-Kinney Moller. Bumi confirms Caspian deal Hassan Basma-led outfit seals $200m pipelaying contract with Russian giant Lukoil. Mc-Kinney Moller dies Grand old man of Danish shipping passes away three months short of 99th birthday. ASL Marine seals big win Singapore-listed shipbuilder inks deal for five offshore support vessels. "Arms ship" diverted German government to check Bockstiegel vessel accused of carrying Iranian weapons to Syria. Sungdong cuts deficit Korean shipbuilder hopeful of new orders as big annual loss is reduced in 2011. CGGVeritas wins Angola job Paris-based seismic outfit nets five-year deal to gather data off Africa's largest oil producer. DSME to win Q2 duel Deutsche Bank backs Daewoo to win the most orders among Korea's big three in the second quarter.

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APRIL 16, 2012
Argentine logistics park receives overseas financing AIR expands risk planning to supply chain Liner icon M'ller passes away Restructuring leaves Horizon more financially secure Antitrust fine hits K+N's bottom line CMA CGM raising European export rates UASC in $150 million financing deal Cathay's cargo down 10% in March J.B. Hunt reports record 1Q profit CORRECTION: Asia exports up 15.6% in February

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APRIL 16, 2012
Prices go downward across the board Low sulphur avails tight in Rotterdam. Prices falling in Fujirah and Suez Average bunker demand in Fujairah. Maersk Mc-Kinney Moller dies aged 98 Speculation that A.P. Moller-Maersk Group could be split. Combined SOx and NOx emission removal 'up and running' Removing SOx and PM by dry scrubbing and then reducing NOx by SCR 'is an ideal combination,' says EGCSA. US port predicts 'new market for biofuels by 2015' Cruise ships will be 'leading the conversion to biofuel-based energy.' Russian fuel oil tax set to fall May export duties could be $8 pmt below the April figure. WWL 'on track' with 30% CO2 reduction target Maintains it global low-sulphur fuel policy and says environmental performance is 'a key success factor' for the future. Week opens with lower bunker prices Traders mixed about demand levels across most of the key Asian ports on Monday. Chinese port in LNG supply deal Player says joint venture will boost prospects for LNG being supplied to ships as fuel. New Indian port plans competitive bunkering service Developer of port between Mumbai and Goa in talks with public sector oil firm to offer Fujairah price levels. Shipyard diversifies with bunker tanker order Shanghai Waigaoqiao Shipbuilding building bunker tankers to 'fill up its berth slots'. Norden CEO reiterates company's focus on climate Emphasis on fuel efficiency 'essential' for its long-term business, says Carsten Mortensen. Hong Kong bunker sales up 7% in March Deals completed generally small on high bunker prices, local players say. Torm gets further reprieve Secures further extension to defer debt installments and covenant standstill as it works on its financial restructuring. Bunker tanker owner mulls cancelling newbuilds contract Following 'significant' delivery delays from the Chinese shipyard, says Yujin.

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FROM THE HOME PAGE

PORTS

In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%

Civitavecchia

In the first half of this year the total was 3.93 million tons (+1.5%)

PORTS

Last month the port of Singapore handled four million containers (+3.1%)

Singapore/Hong Kong

A 1.6% decline was recorded in the port of Hong Kong

COMPANIES

AP Moller Capital to acquire majority stake in Globex Investissement

Copenhagen/Casablanca

ACCIDENTS

Ship hit in the Strait of Hormuz

Southampton

Crew member of the "Minoan Dignity" dies

PORTS

Last month, freight traffic in the port of Barcelona decreased by -6.5%.

Barcelona

In July, 300,961 containers were handled (-13.2%)

COMPANIES

Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.

Abu Dhabi

He currently owns a 75.42% stake

PORTS

In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%

La Spezia

Cargo traffic in Tunisian ports is growing sharply

In the April-June quarter it was 7.4 million tons (+8.8%)

PORTS

The port of Koper reports a 5.6% decrease in quarterly freight traffic

Ljubljana

In June the decline was -18.9%

PORTS

Strait of Hormuz crisis has severe impact on DP World's financial and operating performance

Dubai

PORTS

Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.

Hong Kong

Excluding operations in Panama, volumes increased by +5%

PORTS

In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.

Hamburg

Containers amounted to four million TEUs (-3.7%)

SHIPPING

HMM's revenues increased by 29.7% in the second quarter

Seoul

Net profit down, weighed down by lower financial income

SHIPPING

Evergreen's net profit grew by 43.9% in the April-June quarter.

Taipei

Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market

SHIPPING

Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market

Copenhagen/Hamburg

The Danish company reports better quarterly performance than its German partner in Gemini Cooperation

PORTS

Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter

Genoa

Passenger numbers drop at both ports

SHIPPING

In the second quarter, Yang Ming recorded a net profit growth of +610.7%.

Keelung

Revenues stable in the first half of 2026

ACCIDENTS

Two ships attacked in the Gulf of Oman and off the coast of Yemen

Southampton

A container ship was reportedly hit by an American helicopter

SHIPPING

The Northern Sea Route is not at all competitive with the sea route through Suez

Basel

Study by two researchers from Mokpo National Maritime University

SHIPYARDS

The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.

Bucharest

In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June

SHIPPING

In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June

Panama/Balboa

The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.

CRUISES

Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force

Monaco/Miami

Delivery is scheduled for 2034

ACCIDENTS

More explosions in the Strait of Hormuz area

Southampton/Tehran

Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.

SHIPPING

Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.

ACCIDENTS

Two ships attacked in the Red Sea

Southampton/San'a'/New Delhi

Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"

LOGISTICS

Prologis makes $18.8 billion offer to buy Segro

San Francisco

The combination will create a European giant in the ownership and management of logistics properties

SHIPPING

In the April-June quarter, ONE recorded an improvement in financial performance

Singapore

During the period the fleet transported almost 3.3 million containers (+2.9%)

CRUISES

Global Port Holdings' revenues grew by 27% in the first half of this year.

Istanbul

Gross operating margin up 22%

In the second quarter, naval traffic in the Suez Canal increased by +16.5%

SHIPPING

In the second quarter, naval traffic in the Suez Canal increased by +16.5%

Cairo

In the first half of 2026, growth was +14.0%

SHIPPING

In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)

Ankara

In the first half of the year, naval traffic decreased by -0.5%

PORTS

A report by the French National Assembly notes the competitive decline of the state's port ecosystem.

Paris

RAILWAY TRANSPORT

In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues

Rome

Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)

PORTS

The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.

Madrid

The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.

Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.

CRUISES

Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.

Miami

New historical record of passengers embarking on the fleet's ships

SHIPYARDS

Fincantieri's half-year revenues remain stable

Trieste

Net profit increased by 191.4%. New orders fell by 58.5%.

PORTS

In the second quarter, freight traffic in Albanian ports grew by +8.9%

Tirana

SHIPPING

The US think tank Open Markets Institute proposes the establishment of a public container shipping company

Washington

Rao: Today the United States depends on a cartel of six foreign shipping companies

CRUISES

Royal Caribbean reports record revenue for the April-June quarter

Miami

New all-time peak in turnover in the first half of 2026

SHIPPING

In the second quarter, CMA CGM group revenues increased by +19.2%

Marseille/New York/Los Angeles

United Ports Joint Venture with Stonepeak Completed

PORTS

PortXchange: To immediately reduce shipping emissions, we need to focus on ports.

Rotterdam

PORTS

In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.

Trieste

In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.

RAILWAY TRANSPORT

Fermerci, freight train transport production in Italy could fall to 2015 levels this year.

Rome

Map: We are faced with data that exceeds all expectations.

SHIPYARDS

Indian government approves $7.2 billion in aid for domestic shipbuilding

New Delhi

Strategy adopted today to revitalize the sector

SHIPYARDS

Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission

Brussels/Washington

Satisfaction of ECSA and World Shipping Council

SHIPYARDS

Hyundai and Siemens sign agreement for AI-powered shipbuilding

Washington

The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.

ACCIDENTS

African Union condemns attacks on tankers in Red Sea claimed by Houthis

Addis Ababa

Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa

CRUISES

In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.

Genoa

"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.

PORTS

In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.

Rotterdam

In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)

PORTS

In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)

Madrid

Record for conventional goods and containers (in TEU)

COMPETITION

The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.

Brussels

Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.

FREIGHT TERMINALS

Medlog (MSC Group) acquires a stake in Interporto Bologna

Bologna

Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives

INTERMODAL TRANSPORT

The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.

Barcelona

The remaining 60% of the capital will remain with Hutchison Ports Best

In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).

PORTS

In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).

Beijing

New historical records for half-yearly and quarterly container traffic

PORTS

Ports of Italy: The issue of competences divides the reform.

Rome

At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.

LEGISLATION

The maritime sector is divided between cautious support and criticism over the EU ETS review.

Brussels/Washington/
Copenhagen/Piraeus/Rotterdam

ACCIDENTS

Yet another attack on a ship in the Strait of Hormuz

Southampton

A tanker was hit and abandoned by the crew.

SHIPPING

ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.

Brussels

Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.

PORTS

ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.

Brussels

Appreciation for measures aimed at reducing evasive ship calls

TRANSPORTATION

T&E welcomes some new proposals from Brussels for the EU maritime ETS

Brussels

The association is more critical of the measures studied by the EU Commission for the aviation sector

SHIPPING

For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected

Brussels

TRANSPORTATION

EU Maritime ETS: The European Commission partially accepts shipowners' requests.

Brussels

A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.

ACCIDENTS

Another ship was hit by a shell in the Strait of Hormuz

Southampton/Tampa

US Marines conducted an inspection aboard a sanctioned oil tanker

PORTS

Port of Gioia Tauro: First connection of a large container ship to the cold ironing system

Gioia Tauro

The ship "MSC Mirja" powered with a total power of approximately seven MW

PORTS

In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.

Antwerp

Dry bulk volumes recovered and rolling stock increased. Other sectors declined.

PORTS

COSCO Shipping Ports sets new quarterly and half-year container traffic records

Hong Kong

ACCIDENTS

US forces struck the VLCC Belma sailing towards Iran's Kharg Island.

Tampa

It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions

PORTS

In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased

Genoa

In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.

CRUISES

Turkey's GIH acquires Royal Caribbean's stakes in Kusadasi and Lisbon cruise terminals

Istanbul

Shareholdings rose to 99.99% and 60% respectively

PORTS

In the first half of the year, Russian ports handled 451.5 million tons of cargo (+5.8%)

St. Petersburg

Record traffic in the second quarter

PORTS

Container traffic at the Port of Long Beach dropped 1.7% in July.

Long Beach

In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)

SHIPPING

In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs

Bangkok

Net profit down 1.1%

SHIPPING

Danish DFDS's quarterly financial performance improves

Copenhagen

In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.

PORTS

Container traffic at HHLA terminals decreased by -8.0% in the second quarter

Hamburg

Revenues increased by 2.5%. Operating costs increased by 5.7%.

COMPANIES

Costa Cruises announces change of management for the Americas region.

Genoa

Jorge Serrano Martín de Vidales will replace Dario Rustico

PORTS

The Livorno Port Authority creates an internal task force for the Darsena Europa project.

Livorno

The aim is to ensure a unified coordination with the commissioner structure that follows the project

INDUSTRY

MSC installs Jotun's proactive hull cleaning system on MSC Daniela

Sandefjord

Combines advanced antifouling technology with robotic inspection and cleaning

SHIPPING

Wan Hai Lines reports a 965.6% increase in quarterly profit

Taipei

The company orders six new 11,000 TEU containerships

PORTS

In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%

Podgorica

Cargoes to and from Italy dropped by -40.6%

SHIPPING

The Grimaldi Group has taken delivery of the Grande Pacifico

Naples

The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu

COMPANIES

In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)

Genoa

Net profit of 20.0 million euros (-3.0%)

MOURNING

Maurizio Longo, Secretary General of Trasportounito, has passed away.

Rome

He passed away in Rome after a long illness.

PORTS

Terminal Investment Limited abandons Tercat acquisition

Brussels

It provided for joint control of the Barcelona terminal with Hutchison Ports

PORTS

Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.

Ravenna

PORTS

Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina

Vibo Valentia

The area will be transformed into new yards for commercial logistics

COMPANIES

Maersk Group sells Maersk Training and Maersk H2S Safety Services

Copenhagen

They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations

SAILING LIST

Visual Sailing List

	Departure ports
	Arrival ports by:
	-	alphabetical order
	-	country
	-	geographical areas

PORTS

In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)

Venice

Cruise passengers down by -15.3%

PORTS

In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%

Ravenna

In the first six months of 2026 the increase was +5.9%

LOGISTICS

DP World acquires six GXO logistics sites in the UK

Dubai

186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton

LOGISTICS

DHL soars in the second quarter, but not everywhere

Bonn

Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.

SHIPPING

Global Ship Lease reports record quarterly and half-year revenues

Athens

Rising costs impact profits

PORTS

DP World to build temperature-controlled logistics hub in the port of Antwerp

Dubai/Kallo

SHIPPING

GNV will activate a third maritime service to Algeria on Saturday

Genoa

The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.

SHIPPING

Danaos Corporation reports quarterly revenue growth of 4.7%.

Athens

The containership segment remains stable. Bulk carriers continue to contribute.

ACCIDENTS

A bulk carrier hit by a shell in the Strait of Hormuz

Southampton/London

One crew member is reportedly missing.

PORTS

This year, 800,000 cruise passengers are expected in Messina.

Messina

Passengers make a direct expenditure of almost 16 million euros in the city

PORTS

Container traffic at the Port of New York grew by 1.6% in the second quarter

New York

In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)

INTERMODAL TRANSPORT

HZ Cargo and Railtrans form joint venture for intermodal transport

Zagreb

The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.

PORTS

ICTSI posts record net income of $363 million (+24.2%) in the second quarter

Manila

ACCIDENTS

Another GasLog vessel hit while leaving the Persian Gulf

Piraeus/Southampton

Damage to the engine room

SHIPPING

Finnlines reports record quarterly revenues

Helsinki

In the April-June period, net profit was 42.9 million euros (+64.7%)

COMPANIES

Spinelli Group approves 2025 sustainability report

Genoa

Production value grew by 5%. New hires increased by 48%.

PORTS

Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.

Ancona

The Management Committee has approved the institution's budget adjustment

PORTS

The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.

Genoa

Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system

PORTS

The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.

Gioia Tauro

It records higher revenues and higher expenses of 1.69 million euros

EDUCATION

One and a half million euros for training in Tuscan ports

Livorno

The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.

INTERMODAL TRANSPORT

Terminali Italia will manage the Orte intermodal terminal starting next year.

Rome

It has approximately 96,000 square meters of yards and three tracks

TRANSPORTATION

Italy and Tunisia sign a collaboration agreement in the transport and logistics sector

Rome

ACCIDENTS

Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea

Southampton/Sana'a/Riyadh

Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"

INFRASTRUCTURE

The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.

Bolzano

The two construction sites are connected approximately 1,400 meters below the Brenner Pass

LOGISTICS

UPS revenues increased 7.6% in the second quarter

Atlanta

Net profit amounted to $604 million (-52.9%)

LOGISTICS

In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%

Wedge

Net profit down 8.3%

PORTS

Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.

Algeciras/Barcelona/
Valencia

Increase in containers at the Catalan port

COMPANIES

Fincantieri signs agreement with NextGeo's reinvesting partners

Trieste

The operation is part of the development strategy in the diving segment

PORTS

The update to the DPSS of the ports of Sardinia has been adopted.

Cagliari

Resolution of the Management Committee of the Port System Authority

PORTS

ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.

Sao Paulo/Manila

They will be sold by SIMPAR for approximately 355 million dollars

INDUSTRY

Konecranes reports decline in quarterly financial performance as orders increase

Helsinki

The value of orders relating to port equipment grew by +17%

PORTS

Fourteen regions are in favor and five are against the bill on port governance reform.

Rome

Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.

LOGISTICS

Kuehne+Nagel's net sales increased by 8% in the second quarter.

Schindellegi

Performance improved markedly in the air freight segment

ASSOCIATIONS

Assagenti's management team has been renewed.

Genoa

The composition of the executive committee and the chairmen of the commissions

PORTS

DP World signs preliminary agreement to build two terminals at Fujairah Port

Dubai

FREIGHT TERMINALS

VIO - Vado Ligure Interport Board of Directors Renewed

Genoa

Pierangelo Olivieri has been appointed president

INDUSTRY

Kalmar's turnover increased by 14% in the second quarter

Helsinki

New orders value stable

OFFSHORE

Saipem wins new offshore drilling contract off Ivory Coast

Milan

It was awarded by Eni Côte d'Ivoire

LOGISTICS

DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.

Hedehusene

Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.

ASSOCIATIONS

Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association

Genoa

International collaboration protocol on integrated logistics with ACLI Terra

PORTS

Italian Ports:

Ancona

Genoa

Ravenna

Augusta

Salerno

Bari

Savona

Leghorn

Taranto

Naples

Trapani

Carrara

Palermo

Trieste

Venice

Italian Interports: list

World Ports: map


DATABASE

		Shipowners		Shipbuilding and Shiprepairing Yards
		Forwarders		Ship Suppliers
		Shipping Agents		Truckers

MEETINGS

MEETINGS

The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.

Genoa

It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority

MEETINGS

The Federagenti assembly will be held in Civitavecchia on July 3rd.

Rome

Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.

››› Meetings File

PRESS REVIEW

Empire buys back: After Tata, Adani can rewrite India's colonial past

(The Economic Times)

Govt does not interfere in port management appointments - Loke

››› Press Review File

FORUM

of Shipping
and Logistics

ASSITERMINAL

Intervento del presidente Tomaso Cognolato

Roma, 19 giugno 2025

››› File

SHIPPING

GCC urges international community to protect maritime transport against Houthi threats

Riyadh

Reaction to the announcement of a maritime embargo against Saudi Arabia

EDUCATION

Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.

Trieste

The center is intended for the training of naval personnel of the Qatari Navy.

NEWS

Over 770 kilos of cocaine seized at the port of Vado Ligure

Savona

Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.

INDUSTRY

Wärtsilä records sharp increase in new order value in second quarter

Helsinki

Net turnover decreased by -2%

SHIPPING

Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships

Keelung

Contract valued at over $1.2 billion

ACCIDENTS

The toll of attacks on ships in the Black Sea worsens

Odessa

Ten dead on board a ship leaving the port of Odessa

ACCIDENTS

Today a new attack on a ship in the Strait of Hormuz

Southampton

The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire

SHIPPING

Confitarma disappointed by the Commission's proposal to revise the EU ETS

Rome

Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.

INTERMODAL TRANSPORT

ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.

Rome

PORTS

MIT adopts cold ironing guidelines

Rome

The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.

CRUISES

In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%

Istanbul

In the second quarter alone the increase was +2.8%

PORTS

Western Liguria Port Authority approves 2026 budget update

Genoa

PORTS

Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.

Genoa

INDUSTRY

ABB buys British Rotork

Zurich/London

The Bath-based company specializes in flow control and industrial automation.

PORTS

Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree

Ancona

The funds concern seven strategic interventions of the port system

PORTS

Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.

Los Angeles

In the second quarter, growth was +11.5%

SEAFARERS

IMO and ITF call for an end to attacks on seafarers and transport workers

London

Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region

PORTS

Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.

Hong Kong

An increase of +6.5% was recorded in June

PORTS

Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa

Rome

Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers

PORTS

CMPort sets new monthly, quarterly and half-yearly container traffic records

Hong Kong

In the first half of 2026, 78.3 million were moved (+4.6%)

PORTS

In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)

Singapore

Historic record for half-year bunker sales

PORTS

Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.

Long Beach

Growth of +1.7% was recorded in the first half of 2026

RAILWAY TRANSPORT

The new board of directors of Ferrovie dello Stato Italiane has been appointed.

Rome

Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.

PORTS

Port of Gioia Tauro: tender launched for completion of dredging activities

Gioia Tauro

The expected duration of the contract is 60 days

PORTS

In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)

Ankara

Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)

SHIPYARDS

The first steel cutting of the Carnival Destiny cruise ship.

Monfalcone

Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration

PORTS

NatPower Marine acquires Aqua superPower to accelerate the electrification of ports and marinas

Monk

It operates the largest international network of electric charging points in Europe.

LOGISTICS

European Logistics Observatory established

Brussels

The aim is to strengthen the competitiveness, resilience and sustainability of European logistics.

INDUSTRY

Agreement reached at Mimit with JSW to relaunch the Piombino steelworks

Rome/Livorno

Gariglio: Strengthening integration between port docks and industrial areas

SHIPYARDS

Agreement between Fincantieri and the Croatian shipyards Brodotrogir Cruise and Iskra Shipyard

Trieste

Initiative within the framework of the two-corvette program promoted by the Croatian Ministry of Defence

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