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Independent journal on economy and transport policy
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BRIEFS
May 3, 2013
Sched Netweb site
  • Talks go on, but non-striking dockers walk out after vowed rise no-shows
  • Seaspan Corporation first quarter profit up 8.3pc as revenue rises 7.4pc
  • AADA lowers bunker surcharge as fuel prices fall in HK and Korea
  • MOL launches MZX Mozambique Express service from Singapore on June 7
  • MOL joins PIL to unveil new Indian Ocean Island service June 7
  • Pearl River Delta air pollution has decreased, says Hong Kong Government
  • 'K' Line and NYK back in black, but MOL continues to make losses
  • Antwerp boxes off 2.8pc in first quarter, but overall cargo up 1.4pc
  • Busan New Port turns up capacity to handle 18,000-TEU vessels
  • IMF's Asia chief downplays China's lower-than-expected GDP growth
  • WWPC member firm, Express Global Logistics in India's Top 100 SMEs
  • Economist editor keynotes ministerial International Transport Forum
  • National Air Cargo denies faulty loading claims in 747 Afghan crash
  • Hainan cargo with flights from Beijing to Seattle-Toronto, now adds Chicago
  • Chengdu, Chongqing, Zhengzhou now tops Shanghai in air cargo: Cathay
  • Braathens approved to try electronic system leading to paperless cockpit

Exim Indiaweb site
MAY 2, 2013
  • Bureau Veritas slashes MLC compliance time
  • European Parliament rejects shipbreaking tax
  • HANSA HEAVY LIFT's Tomas Dyrbye to interact with customers during India visit
  • Indo-Bangla shipping trials expected to take off this month
  • Lack of due process breeds fear of criminalisation among seafarers: IMO Legal Committee
  • MOL earns high rating as 1st company to receive SMBC sustainability assessment loan
  • Surge in piracy off West African coast
  • Govt forms committee to help exporters
  • 'We have great expectations from the Indian market'
  • AP HC holds back VPT's upgradation plan
  • Govt increases dredging allocation for Major Ports
  • Truck rentals on trunk routes up 3-4 pc in April

International Transport Journalweb site
  • K Line announces change of directors and auditors
  • MOL reshuffling management in June
  • CEO of MAN Truck & Bus Switzerland changes
  • Next US secretary for transportation in sight
  • Maersk Line and Inttra team up
  • More maritime transport in EU countries in Q2/2012
  • Kuehne + Nagel extend logistics facility in Geel (Belgium)
  • Norway Post sees hefty earnings decrease in Q1/2013
  • TNT Express: drop in revenues and operating income in...
  • MOL and PIL launch new service in Indian Ocean
  • UIC initiates project to strengthen railways' position
  • March cargo traffic soared at DXB
  • More penalties in long-running air cargo cartel case
  • Turkish Cargo to serve Turkmenistan capital
  • Burg Silvergreen changes name to CIMC Silvergreen
  • More shipments for System Alliance Europe
  • NS reports lower income from railway operation

World Wide Shipperweb site
MAY 2, 2013
  • Goods/Services exports drop during month of March
  • Mitsui joining PIL in new Indian Ocean run
  • Port of Brunswick delivers first shipment of Toyotas
  • Drewry report predicts further orders for ULCVs
  • Alaska Airlines announces new Portland to Atlanta flights

Lloyd's Listweb site
MAY 2, 2013
  • Product tanker profit-sharing nudges Navios Acquisition into profit
    Tanker firm will grow responsibly, says Frangou
  • Tanker owners cautioned over offshore expansion
    Gap between traditional ship operating and offshore activities can ensnare unsuspecting owners
  • Asia taps demand for offshore wind vessel newbuildings
    Strategic Marine sees its business pick up
  • Shell revives Browse LNG gas venture
    Shell revives Australia gas venture - but at what cost to Woodside?
  • Greece shipowners learn to live with new laws and levies
    Threatened exodus a no-show as tonnage tax extends to foreign-flag ships
  • Greece waits for registry boost as flagging-out tax advantage ends
    Red-tape reputation makes owners reluctant to fly the sky blue-white
  • Picking a happy medium
    Midsize boxships are the perfect choice for emerging-market ports
  • Star Bulk targets $75m for eco-bulkers
    Greece-based owner unveils rights offering backstopped by Oaktree and others
  • Product tanker owners wait patiently for an upturn
    Although earnings are static, forecasts point to improvement
  • Box rate slide continues
    Latest World Container Index shows further erosion on Asia-Europe route
  • Sustained recovery in large capesize fleet is still 'a long way off'
    Overcapacity will persist even if surplus tonnage falls 25% by 2015 as DVB predicts
  • Bourbon's revenues rise as new ships enter fleet
    Demand for offshore vessels climbs
  • NewLead fixes five-year business for panamax
    Profit-sharing element adds to escalating rate for Newlead Victoria
  • Southeast Asian piracy drops but resurgence is still possible
    Pirates are 'small scale opportunists' compared to West African counterparts, says Gray Page
  • Hanjin narrows its losses
    South Korea boxline increases its volumes but at 'unsatisfactory' rates
  • Carriers slam Suez toll hike
    Shipowners threaten to reroute after 2% increase
  • BG Group sees LNG profits rise
    Company's major growth projects are on target
  • Hutchison and CMA CGM square up over Melbourne box terminal
    Winner to be named next year after four bids make the shortlist
  • Defining a terrorist
    Disputed ties between West Africa militant groups and pirates are troubling for insurers
  • Cuts reduce Horizon Lines' losses
    Profit eludes Jones Act carrier as it tackles fuel use, charter costs and salaries
  • Deadly shortcomings
    Scathing casualty report highlights Hong Kong's need for independent marine reform
  • What next for German ship finance?
    As the KG crisis continues, Rickmers seeks upside potential
  • Shipping can rise from deepest downturn to glory days, says Rickmers
    EXCLUSIVE INTERVIEW: Upturn likely from 2015, but access to capital will be key says German owner
  • DSV in the market for acquisitions
    Danish forwarder seeks ways to grow after poor first-quarter performance

Fairplayweb site
MAY 2, 2013
  • China's ship plate output drops 35.5%
    CHINA'S steel manufactures produced 639,000 tonnes of ship plates in February, down by 35.51% year on year, CSSC said
  • Excel granted reprieve
    NYSE-listed shares of Excel Maritime are rising today on news that its 30 April debt-negotiation deadline has been extended until 31 May
  • Iran fuel oil export bonanza reported
    IRAN was reported today to have exported nearly 8.7M barrels of fuel oil in April, more than five and half times the April total a year ago
  • Orion reduces losses
    ORION MARINE GROUP reported today $1.1M losses in 1Q13 due in part to underutilised dredging assets
  • Waratah terminal scheme effectively frozen
    PORT Waratah Coal Services today said it has accepted voluntary reductions in contract tonnage from most Hunter Valley coal producers in Australia, according to IHS McCloskey
  • Private equity investing in Star Bulk
    PRIVATE equity firms Oaktree and Monarch Capital will take significant stakes in NASDAQ-listed Star Bulk through a backstopped rights offering and private placement
  • EC orders SNCM's Corsica aid repaid
    THE EC has ordered Paris to recover aid granted since 2007 to Mediterranean ferry operator SNCM for services to Corsica during peak holiday periods
  • Reeling Daiichi Chuo cancels charters
    JAPAN'S bulker operator Daiichi Chuo Kisen Kaisha has cancelled seven chartered-in vessels as it declared bigger losses
  • Hanjin cuts losses to $31M
    HANJIN Shipping posted 34.7Bn won ($31.4M) in net 1Q losses, vastly narrowing 338.4Bn won in net losses in 1Q12
  • BV newbuildings slump
    FRENCH classification society Bureau Veritas said today its 1Q maritime orderbook fell 27% year on year, standing at 15
  • Minsheng's IPO application terminated
    Minsheng Shipping's IPO application has been terminated, the China Securities Regulatory Commission said
  • HPH Trust keeps 'buy'
    WITH RESULTS from a fifth round of talks in Hong Kong between port contractors and dockers yielding no progress today, UOB Kay Hian maintained its 'buy' rating for HPH Trust shares
  • Stable year predicted for Yangzijiang
    YANGZIJIANG Shipbuilding's profit margins will remain decent as long as the yard works on orders secured before the financial crisis in 2008, analysts predicted today
  • SAS awards shortlist revealed
    THE SHORTLIST for this year's IHS Safety at Sea Awards has been announced
  • Box liners seen losing rates battle
    BOX LINERS are fighting a losing battle to revive Far East/Europe freight rates as new capacity cascades into the market, a sector analyst has warned

The Journal of Commerceweb site
MAY 2, 2013
  • Virginia, Ningbo Ports Sign Cooperation Agreement
    The VPA's Russell J. Held (left) and Port of Ningbo's Chang Boaping signed the memorandum of understanding this week. Virginia Gov. Bob McDonnell (standing row, fourth from left) helped facilitate the agreement. The Virginia Port Authority and China's Ningbo Municipal Port Administration signed a memorandum of understanding this week to promote the all-water...
  • Obama Nominates Froman for Trade Post
    President Barack Obama today said he will nominate Michael Froman to serve as U.S. Trade Representative. The pick was welcomed by business groups, Politico reports. Peter M. Robinson, president and CEO of the United States Council for International Business, praised the selection of Froman. "This is an excellent choice," he said. "Michael...
  • US Trade Deficit Narrowed in March
    In March, the U.S. goods deficit shrank to $56.1 billion, down $4.6 billion from February, as imports declined more than exports. The total deficit, including trade in services, decreased $12.9 billion year-over-year to $38.8 billion. Capital goods and industrial supplies and materials led the year-over-year decline in exports, partially offset by...
  • Toyota Ships First Venzas From Brunswick to Russia
    The first Toyota Venzas departed the Port of Brunswick, Ga., today, bound for Russia and Ukraine. "The export of American-built Venzas to Russia and Ukraine further solidifies Toyota's commitment to establishing its U.S. manufacturing operations as a key supplier of vehicles for global markets," said Corinne Akahoshi, national manager of marine...
  • Hanjin Shipping Narrows Loss
    Hanjin Shipping cut its loss in the first quarter of 2013 to 34.7 billion won (approximately US$300 million), an 89.7 percent improvement year-over-year. Container volume grew 9.3 percent, to 1,109,285 20-foot-equivalent units. This resulted in a 14.1 percent year-over-year increase in revenue for the segment to $1.9 billion. Looking ahead, the shipping...
  • Mexican Intermodal Volume Down Nearly 12 Percent
    Mexican rail volumes through April 27, 2013 Full-size image Mexican intermodal volume fell 11.7 percent year-over-year in the week ending April 27, according to the Association of American Railroads. Combined North American carload volume, including all three North American Free Trade Agreement partners, dropped 1.7 percent from the same week in 2012 to 372,815 carloads...
  • Profit Plunges at Yusen Logistics
    Major Japanese international freight forwarder Yusen Logistics said its group net profit plunged 55.7 percent in fiscal 2012, which ended on March 31, from a year earlier to 1.119 billion yen ($11.42 million) despite sound revenue growth. The company saw its group operating revenue rise 9.7 percent in fiscal 2012 from...
  • IAG Cargo to Expand Capacity With Airbus Order
    IAG Cargo will be expanding its per-plane capacity when it adds at least 18 Airbus A350-1000s to its fleet beginning in 2018, subject to shareholder approval. These planes have three more pallets of cargo space apiece, providing for a maximum payload of about 30 metric tons, IAG said. In addition, the...
  • WCI: Rates to Asia from Northern Europe, West Coast Fall
    World Container Index Rates to Shanghai Full-size image Backhaul rates dropped from both northern Europe and the U.S. West Coast to Asia in the week of May 2, according to the latest release of the World Container Index. The Europe-to-Asia eastbound rate from Rotterdam to Shanghai inched down 0.4 percent or $4 to...
  • WCI: Trans-Atlantic Eastbound Rates Slide
    World Container Index Between New York and Rotterdam Full-size image Trans-Atlantic eastbound rates fell for the first time in six weeks, according to the latest release of the World Container Index. Rates were flat last week after rising 11.2 percent or $175 over the previous four weeks. This week's rate from New York...
  • MOL and PIL Partner on Indian Ocean Service
    MOL and Pacific International Lines have announced a new joint Indian Ocean Islands Express Service. The IOX/IOI weekly service, which is scheduled to begin on June 7, will employ four 1,100-TEU ships, with each carrier contributing two vessels. The port rotation will be: Singapore; Port Louis, Mauritius; Tamatave, Madagascar; Reunion; Singapore...
  • OOCL Adds Khalifa Call to China-Mideast Service
    Abu Dhabi Terminals has signed a contract with Hong Kong-based container carrier OOCL to include a call at the Port of Khalifa on its China-Middle East Express (CMX) Service, a weekly intra-Asia loop. The first OOCL vessel calling Khalifa Port Container Terminal is currently scheduled to arrive on June 11. The CMX...
  • Big Ship Orders Depressing Rates, Drewry Says
    New orders for ultra-large container ships are undermining carrier efforts to limit the surplus of capacity that is depressing freight rates this year. "While these latest new orders won't actually hit the water for years, their psychological impact is to keep the focus on capacity and the big question of how...
  • How Khalifa Port Could Evolve Into Mideast Hub
    Abu Dhabi's new Khalifa super port could eventually rival DP World's neighboring Jebel Ali for Middle East container shipping hub status. In December, the first phase of the United Arab Emirates' new port was opened offering state-of-the-art container-handling facilities, 2.5 million TEUs of capacity and the ability to serve the world's...
  • Descartes Acquires KSD Software
    Descartes Systems Group has acquired KSD Software Norway AS, an Oslo-based provider of electronic customs filing solutions for the European Union. The all-cash purchase price for the acquisition was 190 million kroner (approximately US$$33 million), with Descartes using approximately US$13 million of cash on hand and US$20 million from an acquisition...
  • DSV Reports Flat Revenue, Lower Profit
    DSV's profit fell and its revenue stalled in the first quarter on declining cargo volumes and increased competition, but the Danish logistics and freight forwarding group said it is still looking for acquisitions to spur growth. Operating profit dipped 8 percent to 509 million Danish kroner ($89.3 million) from 555 million...
  • Suez vs. Panama: A Canal Comparison
    Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal, to take advantage of lower slot costs they can realize on the big post-Panamax ships they are cascading onto the route...
  • Q&A: Crossing Borders Into a Whole New World
    Q: I've been in transportation for quite a few years, and I thought I was pretty familiar with the industry. But we're just now opening up an international market, and I feel like I'm starting all over. We're shipping to an Asian subsidiary (a recent acquisition) in fairly large quantities, as...
  • Lufthansa Cargo Boosts Q1 Profit
    Lufthansa Cargo boosted operating profit by 35 percent in the traditionally weak first quarter and said it expects full year earnings to better its 2012 result as it continues to cull capacity in line with weak global demand. Profit rose to 27 million euros ($35.4 million) from 20 million euros ($26.2...
  • CargoSphere Launches New Rate-Tracking Service
    CargoSphere, the cloud-based rate management system, launched a new freight-rate quoting service that logistics providers can use to keep rate quotes up to date. CargoSphere said Floodgate Quote Refresh automates the tracking and management of freight rate changes on most global trade lanes, with quotes that reflect rate hikes, surcharges and...

TradeWindsweb site
MAY 2, 2013
  • Stage set for expansion
    US Shipping Corp is looking to expand following the successful completion of a financial restructuring.
  • TEN tucks away $50m
    Tsakos Energy Navigation (TEN) priced a public share offering that will bring $50m in gross proceeds.
  • GNK confirms paper trade
    Genco Shipping & Trading has confirmed reports that at least two of its lenders have offloaded nearly $300m worth of bank debt.
  • Genco faces heavy fire
    Genco Shipping & Trading found itself in the hot seat Thursday after reclassifying $1.4bn worth of long-term financing agreements as short-term debt.
  • NNA on the up
    Greek product tanker owner Navios Maritime Acquisition posted a modest first-quarter profit Thursday that topped Wall Street forecasts.
  • Bremer provisions jump
    Bremer Landesbank increased loss provisions on shipping loans to EUR 228m ($298m) in 2012, its highest-ever figure.
  • NewLead inks period pact
    NewLead Holdings has tied up one of its two remaining bulk carriers on a five-year period deal.
  • 3 Maj sliced up
    The Croatian government has assumed control of four non-core units of tanker builder 3 Maj to speed the yard's sell-off.
  • Star Bulk targets $75m
    Star Bulk Carriers is preparing to arm itself with at least $75m to fund a raid for fuel-efficient bulkers.
  • Baltic to break away?
    Peter Georgiopoulos is laying the groundwork for the separation of his two listed dry bulk companies, according to one of Wall Street's most respected analysts.
  • Language lesson
    Ship crews must agree on a common language to avoid lapsing into native tongues during a crisis, an accident report said.
  • Hoegh LNG targets China
    Hoegh LNG is targeting more success in the burgeoning Chinese market after finalising a deal to operate the country's first floating storage and regasifcation unit (FSRU).
  • Horizon hopes for more
    Horizon Lines has trimmed its first quarter loss despite restructuring issues continuing to weigh on its bottom line.
  • Indian Ocean overhaul
    Container lines MOL and PIL are teaming up for two new runs from Singapore into the Indian Ocean.
  • Debt costs hurt Hornbeck
    Hornbeck's earnings took a $24m hit after the company refinanced a batch of bonds during the first quarter.
  • EU wants cash back
    The European Commision has found subsidies granted to French ferry company SNCM breached aid rules.
  • Jianlong challenge fails
    John Fredriksen linked companies have won a London high court ruling that paves the way for a high value dispute over charter defaults on five bulk carriers to be resolved in London rather than in China.
  • Cambie quits OOIL
    Ken Cambie has quit as chief financial officer at Hong Kong-listed Orient Overseas International.
  • Fire hits con-ro
    Firefighters are tackling a blaze on an ACL con-ro in Hamburg.
  • Mega merger complete
    Commodities trader Glencore International has put the finishing touches to its mega-merger with Xstrata.
  • Mipo takes dry dip
    Hyundai Mipo Dockyard has secured a rare bulk carrier order after a European owner turned to the yard for a trio of vessels which will employ a new fuel efficient design.
  • Hanjin slashes loss
    Korea's Hanjin Shipping has cut back its losses in the first quarter as container rates improved.
  • Machete maniac injures 18
    A man has been arrested after hacking at passengers with a machete on an Indonesian ferry.
  • Genco's cash hole
    Genco Shipping & Trading will need to raise around $100m in equity if it can't extend its loan holidays, a leading analyst says.
  • Hanjin follows HMM
    South Korea's Hanjin Shipping is looking at following compatriot Hyundai Merchant Marine into the bond market.
  • Kexim comes through
    The Export-Import Bank of Korea (Kexim) has given struggling shipowners and shipyards a boost with a big new funding programme.
  • Pemex buying Barreras
    Mexico's Pemex has signed a deal to take a 51% stake in restructured Spanish shipyard Hijos de J Barreras.
  • Atlantska cuts loss
    Croatia's Atlantska Plovidba has cut its first quarter loss as revenue grew.
  • Bourbon numbers higher
    French offshore player Bourbon has reported a double-digit increase in revenues for a second consecutive quarter.
  • ADM ups GrainCorp offer
    Archer Daniels Midland (ADM) is to make an improved cash offer for the shares in grain handler GrainCorp.
  • Baltic's losses grow
    Baltic Trading has seen first quarter losses deteriorate by almost 15% to a shade over $5m, the company reported late Wednesday.

American Shipperweb site
MAY 2, 2013
  • Obama nominates Commerce, USTR chiefs
    President Obama on Thursday nominated long-time campaign contributor and Chicago businesswoman Penny Pritzker to be secretary of commerce and Michael Froman to lead the Office of the U.S. Trade Representative.
  • Descartes acquires Norwegian customs solutions company
  • Hanjin records $31.5 million loss in 1Q
    The South Korean liner carrier predicted "even though some difficulties are inevitable due to supply growth, numbers in the second quarter will improve through continued rate restoration efforts and active cost reduction, etc."
  • IAG Cargo beefs up fleet
    IAG Cargo is planning to order 18 Airbus A350-1000 planes, which will enter service starting in 2018 given shareholder approval. The European air carrier, which is modernizing its fleet, also holds options for an additional 18 planes.
  • Drewry cites 'psychological impact' of big ship orders
  • Domestic intermodal rises by 10% in 1Q
  • TIA drops $8,000 bond deposit requirement
  • Greencarrier buys Trana Spedition
  • Virgin Atlantic reopens Chicago leg
  • Shippers bemoan proposed California ports tariff increase
    CAPA recommended the 11 ports in the state raise tariffs by 1.7 percent by July 1 as part of its annual rate increase guidelines. Recent or pending hearings on the increase are occurring in Oakland, Los Angeles and Long Beach.
  • Wilhelmshaven says rail rates will match other ports
  • U.S. trade deficit fell in March
  • Horizon lost $20 million in 1Q
  • SBA to showcase export services in L.A. Friday
  • Allegretti to chair American Maritime Partnership
  • Executive moves
  • FMC reviews 18 OTI license applications

The Bunker Bulletinweb site
MAY 2, 2013
  • Demand building in Fujairah
    Cape Town still dry.
  • Control of H2S may have led to other fuel quality problems
    High levels of sodium and potassium could be linked to use of H2S scavenges.
  • European prices follow softer trend
    MGO in Hamburg lost just under $20 per metric tonne.
  • Egypt raises canal tolls
    Spokesman for the Suez Canal Authority denies hike will cut traffic.
  • 'Eco' orders proving attractive
    Two companies ordering newbuildings go for fuel-efficient option.
  • Surge in Iranian fuel oil exports
    Prices undercut Singapore benchmarks.
  • Sydney to get fuel-efficient ferry
    Catamaran passenger ferry built to Incat Crowther design.
  • Singapore fuel oil stocks at seven week high
    Influx of cargoes from the West.
  • Caribbean refinery faces calls for closure
    Plant closure would be third to go in region.
  • Asian bunker prices soft
    Offices at Tokyo Bay will be closed on Friday for a public holiday.
  • Fishing vessel owner faces bunker spill penalty
    Chief engineer 'failed to follow written instructions and spill plan', says Washington Department of Ecology.
  • Freight rates continue to tumble
    Analyst warns of 'structural overcapacity.'
  • International Bunkering promotes trader
    Jesper Porsmose has demonstrated 'his dedication to hard work', says CEO.
  • TOP Ships decrease losses for 2012
    It has managed to reduce losses on the back of a $4.5 million reduction in bunker expenses.
  • Philippine tugboat firm upgrades fleet
    Bunker fuel accounting for 40% of Salvtug's operational cost, says Chairman and CEO.
  • Alaska: ECA could 'drive vessels away'
    Officials voice concerns as first cruise ship season under new regulations begins.
  • Dual-fuel gas engines a 'milestone', says MAN Diesel
    ME-GI engines allow shipowners to deal with stricter emission regulations and rising fuel costs.

›››File
FROM THE HOME PAGE
Fincantieri and Viking convert options into orders for two new cruise ships
Trieste
They will have a gross tonnage of 54,300 tons and will be delivered in 2032
CK Hutchison initiates international arbitration proceedings against the Republic of Panama
Hong Kong
The action follows a similar one by its subsidiary PPC. The lawsuit seeks damages of $2 billion and over $1.5 billion.
Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II
Hamburg
The Maersk Group company will retain operational control of the Dutch terminal
The German company Hapag-Lloyd has signed an agreement with APM Terminals, the terminal operator of the AP Møller-Mærsk shipping group, for
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
Sallaum creates a company for land logistics of cars in Europe
Vilnius
It will initially be equipped with 50 car transporters and the fleet will reach 300 vehicles by 2029
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
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