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30 July 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
January 28, 2013
Sched Netweb site
  • CMA CGM sells 49pc of Terminal Link port operator to China Merchants
  • Asia-Europe rates slip 1.7pc to US$1,326/TEU, Shanghai index off 1.4pc
  • Hapag-Lloyd to levy US$750/TEU Asia-Europe rate hike from March
  • HKLSA, HKSOA seek regulation, renew voluntary low-sulphur fuel switch
  • HSBC China manufacturing purchasing managers index at two-year high
  • Cosco Pacific buys 39.04pc Taicang terminal stake from parent company
  • South Korean 2012 port volume hits new high, transshipments up 9.5pc
  • Shantou port's container volume up 13.6pc to 1.25 million TEU in 2012
  • Russian enclave Kaliningrad volume up 14.6pc to 360,000 TEU in 2012
  • Cargotec faces US$34.6 million special costs in restructuring in Q4
  • Yangtze River's shipping volume soars fourfold in past decade
  • China Post says 2012 express sector cuts delivery time by 5.5 hours
  • Panama Canal expansion 50pc done, faces year's delay, opens 2015
  • American truck tonnage increases 2.8 per cent in December: ATA
  • Emirates SkyCargo boosts freighter capacity in three Boeing 777Fs
  • WCA's Slade shipping flies 20 tons of oil & gas gear from US to India
  • Dreamliner fires spark doubt about eco-friendly lithium ion batteries

Exim Indiaweb site
JANUARY 25, 2013
  • Container swaps attracting keen interest
  • Standard & Poor s extends upgrade to UK P&I s Europe Club
  • WISTA India represented at Hong Kong meet
  • MMTC invites bids to export 1.5 lakh t of wheat
  • NTPC to import 5 lakh t of coal for Simhadri plant
  • Diesel price hike unlikely to hamper box trailer movement at Cochin Port
  • JNPT bags award for contribution to Maharashtra economy
  • KPT should take over ABGKCT, employees: KPKS
  • Le Havre port s RORO MAX project recognised as King of the Supply Chain 2013
  • TIL bags O&M contract from CONCOR
  • INR ends week almost flat at 53.69
  • SC takes up case involving parallel imports
  • Bureau Veritas Certification France unveils guide on offshore wind farm projects
  • PPG appoints new project forwarding members in Asia
  • Slade proves a winner for oil & gas projects

International Transport Journalweb site
JANUARY 25, 2013
  • VW Nutzfahrzeuge sets new record
    The German vehicle maker Volkswagen Nutzfahrzeuge sold 550,400 commercial vehicles worldwide in business year 2012, thereby achieving the best result in the company's history. Deli...
  • Europart Polska: sale of majority shareholding
    Europart, Europe's market leader for commercial vehicle parts and workshop supplies, is reinforcing its presence in Poland by taking over a majority shareholding in Europart Polska...
  • Thirteen expansion projects launched in Algeria
    Algeria's ministry of transport launched thirteen projects over the last two months to expand and upgrade the railway system in several regions across the country. In November seve...
  • CN to construct new intermodal ramp
    Canadian National Railway (CN) plans to construct an intermodal ramp at its freight yard in Joliet IL (USA). The full-service intermodal ramp will ease the cross-loading of contain...
  • Italy sees minimal increase in containers: throughput figures for 2012
    Italy's container throughput registered an overall 1% increase in 2012. It is not an exciting figure but neither is it a bad one given the ongoing economic crisis. Among the larges...
  • AB Transatlantic names interim CFO
    The Swedish carrier Rederi AB Transatlantic has appointed Erik Hansen as its interim chief financial officer. He has replaced Heléne Malquist who was promoted to CEO of AB Transatl...
  • Boeing delivers Indian Air Force's 1st C-17 to flight test
    Boeing delivered the first of ten 10 C-17 Globemaster III airlifters for the Indian Air Force (IAF) on schedule this week (week 4). India's first C-17 will now enter a US Air Force...
  • PPG appoints new project forwarding members in Asia
    Project Professionals Group (PPG), an international project forwarding network, has three new members in Asia. PPG's general manager Kevin Stephens said the network's new member fo...
  • SkyCargo boosts capacity with three new B777Fs
    SkyCargo, the freight division of Dubai (UAE)-based Emirates, one of the world's fastest growing international airlines, has significantly boosted its total cargo capacity and expa...
  • Volga Dnepr wants to resurrect AN-124 freighter
    The Russian cargo airline Volga Dnepr wants to start building the AN-124 "Ruslan" transport aircraft in Leipzig (Germany). The carrier's president, Alexey Isaikin, justified the de...
  • Singapore Post acquires Famous Holdings
    The mail service provider Singapore Post (SingPost) has acquired a 62.5% stake in freight forwarding company Famous Holdings (FH) for SGD 60 million (EUR 36.7 million). Both compan...

Marine Logweb site
JANUARY 25, 2013
  • Shipbuilding suppliers association names new President
  • Rolls-Royce installs MT30 gas turbine in new U.K. carrier
  • ABS releases new DP systems guide
  • Norwegian Cruise Line IPO raises $477.6 million
  • Wärtsilä wins repeat order for EGC and SCR system
  • Polymers used in clean up of tanker grounded by Sandy
  • Austal partners with Sembawang on LCS, JHSV support

World Wide Shipperweb site
JANUARY 25, 2013
  • Port of Portland industrial park nets Business Oregon certification
  • Maersk Line beats schedule for CO2 emissions reduction
  • Diana Shipping takes delivery of new Kamsarmax vessel
  • Boeing gives update on 787 investigation
  • Rail freight traffic count sees gains/losses for week

Lloyd's Listweb site
JANUARY 25, 2013
  • Why not just pay off the pirates?
    'Roving bandits' affect shipping in a similar way to tax authorities, say economists
  • Offen's boxship sales focus attention on German banking
    Ship finance problems could have systemic consequences
  • Shipping to get industry-wide tool to measure existing ship efficiency
    Index to allow ships to be readily compared prompts fears of a two-tier market
  • Efficiency schemes are already in use and offer rewards to owners
    Flag administrations use existing vessel data to determine ships' fiscal benefits
  • Newbuilding sea trials overhauled to improve accuracy
    Guidelines on trial conduct and analysis should improve trust in performance data
  • You've got spam
    Shipowners' inboxes are besieged with offers, real and fake
  • 'Burgeoning' legislation tests P&I resilience
    Executives split on whether sector will retain its shape in next 10 years
  • Dole eyes reefer fleet renewal
    Fruit specialist hints at reefer newbuilding orders
  • Walk the walk
    Brussels discussed fighting piracy this week but empty words are not enough
  • China Merchants to buy 49% of CMA CGM's Terminal Link - Exclusive Interview
    UPDATED: Debt restructuring deal is imminent between French line and its banks
  • Keppel's offshore margins threatened by China and South Korea rivals
    Division of Singapore-listed giant posts lower annual profit despite surge in revenue
  • Cosco Pacific buys Yangtze River Delta terminal stake from parent
    Acquisition of Taicang International Container Terminal will complement its business portfolio
  • Frontline agrees four capesize orders at STX Dalian
    Fredriksen's latest shopping spree costs $47m apiece
  • Clubs defend general increases as claims rise
    But differences emerge between clubs' policies
  • Paris tribunal tells SNCF to pay $12.5m to fledgling ro-ro firm
    Rail group to pay €25,000 per ex-SeaFrance employee hired by My Ferry Link
  • Clock ticks for China Cosco as it faces Shanghai delisting
    World's top dry bulk owner warns of 'significant' 2012 loss
  • OSG Chapter 11 judge issues a slew of orders
    Several procedural elements in place after omnibus hearing in Delaware
  • Dangerous gaps in legislation must be filled, says Kallas
    EU member states told anti-piracy legislation needs updating
  • Brussels must end piecemeal approach to piracy, say employers
    Tackling the problem demands 'appropriate mix' of trade, aid, reconstruction and a military presence
  • Bunker costs stay stubbornly high
    Brokers urge hedging as alternative protection against rising fuel costs
  • No sign of near-term improvement for capesize rates
    Australia cyclone dampens trading but China's iron ore stocks point to February lift
  • TEN sheds two laid-up VLCCs
    La Prudencia and La Madrina expected to do storage duty for Far Eastern buyers
  • Cargo receivers must be accountable, say Cinsnet box lines
    Firms that place orders and issue shipment instructions are responsible for safety too
  • Hong Kong on track to mandate sulphur content of bunker fuel
    Government makes positive response to industry calls
  • A day in court
    A UN tribunal is as good a place as any for China to make its case to the Philippines, and the world, for ownership of a tiny island
  • NewLead seeks to rebuild its fleet
    Restructured firm talks to backers about tonnage for commodities contracts
  • Wärtsilä forecasts slow and steady growth
    Engine maker 'cautiously optimistic' for 2013 as offshore sales dominate

Fairplayweb site
JANUARY 25, 2013
  • Wärtsilä profits from Hamworthy acquisition
    THE OUTLOOK for the ship power sector remains cautious but better than 2012's, according to Wärtsilä, which today reported a rise in profits
  • OSG runs winning streak
    A DELAWARE bankruptcy judge has sided with OSG on a range of contested issues during an omnibus hearing
  • SFI raises offering to $350M
    SHIP Finance International said today it has increased the public offering of its convertible senior notes due 2018 by $100M, to a total $350M
  • Indonesia scraps export ban for low-grade coal
    INDONESIA has scrapped a plan to bar lower-grade coal exports, which had sparked fear that it would have harm mining activity
  • VLCC rates plunge
    VLCC RATES on the benchmark Ras Tanura/Chiba route have dropped into negative territory, as the tonnage overhang continues to weigh on earnings
  • Sweden runs tonnage tax up the mast again
    SWEDEN is again considering a tonnage tax, the Swedish Shipowners' Association warned, as a government minister today visited the Gothenburg maritime cluster
  • China's crude cap leaves growth room
    BEIJING'S raised cap on crude imports will still allow 8% growth of inbound cargoes this year, an Oslo shipping analyst has predicted
  • CMA CGM sells 49% of Terminal Link
    CMA CGM said today it has agreed to sell a 49% stake in its terminal operating subsidiary, Terminal Link
  • COSCO Pacific issues $300M in notes
    HONG KONG-listed COSCO Pacific said it has issued $300M in 4.375% guaranteed notes
  • Behind Yangzijiang's lower price
    YANGZIJIANG Shipbuilding told Fairplay today it had to give Seaspan a 10% discount to entice the Canadian shipowner to exercise options for four 10,000teu ships
  • 2012 China newbuilding orders fell 43.6%
    CHINA'S newbuilding orders dropped 43.6% year on year in 2012, trade data showed today
  • Bulker stall seen hurting Singapore yard
    CREDIT Suisse said today Cosco Corp (Singapore) might be in for a "more difficult" year, during which bulker sector improvements are "unlikely"
  • Canadian iron ore exports to China hit record
    CANADIAN iron ore shipments to China have set a monthly record

The Journal of Commerceweb site
JANUARY 25, 2013
  • Maersk Line Reaches 2020 CO2 Target
    COPENHAGEN, Denmark - Maersk Line, the world's largest container shipping company, has reached its 2020 target of reducing CO2 emissions by 25% from its benchmark 2007 levels. "We are proud to hit this mark 8 years ahead of schedule. It is confirmation we're on the right track. And to...
  • Industry Innovation Celebrated in London
    Milton Keynes, U.K. - CargoWise®, a global leader in technology solutions for logistics service providers (LSPs), is delighted to have been part of the British International Freight Association (BIFA) Freight Service Awards 2012, held this week at The Brewery in London. Now in its 24th year, the award ceremony celebrates professionalism...
  • Hapag-Lloyd Increases Far East-Europe Rates
    Hapag-Lloyd will increase rates on its Far East westbound trade, effective March 15. The rate hike will be $750 per 20-foot container, and it will apply to all shipments from East Asia to North Europe and the Mediterranean. Separately, the German ocean carrier announced it is revising service fees in Canada, effective...
  • Volume Climbs at Malaysian Ports
    Malaysian ports boosted throughput by 2.8 percent last year. Total throughput reached 20.8 million 20-foot-equivalent units, up from 20.2 million TEUs a year earlier, with rising intra-Asia traffic cited as a major driver of trade by Transport Minister Datuk Seri Kong Cho Ha. Port Klang was Malaysia's leading port last year, as...
  • New Container Terminal Opens in Cambodia
    Cambodia has opened a new container terminal near the capital Phnom Penh. The Phnom Penh Autonomous Port is located along the Mekong River in Kean Svay district, about 30 kilometers east of Phnom Penh, and offers 120,000 20-foot-equivalent units of capacity per annum. Cambodia's low land and labor costs are increasingly proving...
  • CSX to Build $100 Million Intermodal Terminal in Quebec
    CSX will build a new 89-acre, $100 million intermodal rail terminal in the Perron Industrial Park in Salaberry-de-Valleyfield, Quebec, to connect the region with CSX Transportation's rail network in the U.S. Michael J. Ward, CSX's chairman, president and CEO, annnounced the project at a press conference today with Quebec's Transport Minister...
  • Asia's Growth Comes From Within
    That Wan Hai Lines attributed its third quarter profit turnaround to its decision to shift resources from the destitute Asia-Europe market to growing intra-Asia trades is testament to the strong fundamentals underpinning Asia's regional trade. Asia's regional container business, which includes more than 3,500 port pairs, has always been complex. For...
  • SCFI: Spot Rates Stable
    Container rates edged downward but overall were stable this week, showing that gains earlier in the month based on scheduled rate increases are holding, but tenuously. West Coast rates dipped by $23, or less than 1 percent, per 40-foot container to $2,497 according to the Friday release of the Shanghai Containerized...
  • Canadian Government to Contribute to Port Metro Vancouver Infrastructure Work
    The government of Canada has allocated a maximum of C$19.9 million (approximately US$19.8 million), through its Asia-Pacific Gateway and Corridor Initiative, to a C$45-million overpass on the Deltaport Causeway in British Columbia, part of Port Metro Vancouver's Deltaport Terminal, Road and Rail Improvement Project, according to Kerry-Lynne Findlay, parliament member...
  • TSD Logistics Names Muir CEO, President
    Robert Muir, TSD Logistics' new CEO and president. Transportation company TSD Logistics, which specializes in the tire and rubber industry, has named Robert Muir as CEO and president. Muir is responsible for the overall management of TSD operations, including the accounting, human resources and safety departments. He will also be supervising TSD's...
  • Alabama State Port Authority Advances Plans for Intermodal Facility
    The Alabama State Port Authority's board of directors has approved two measures that advance the development of the port's new intermodal container transfer facility. The board authorized $11.5 million for the construction, inspection and testing of a rail access bridge into the intermodal rail facility. The ICTF will service import and...
  • TPM Asia Conference
    Now in its seventh year, TPM Asia attracts close to 600 attendees including top importers and exporters, carriers, 3PLs, ports and terminals. TPM Asia presents a series of in-depth sessions with top-level speakers focusing on container trade and logistics in the Europe-Asia, Trans-Pacific, and Intra-Asia markets, from an Asian perspective. This conference...
  • TransForce Buys Stake in Vitran
    North American trucking company TransForce has acquired about 1.8 million common shares of less-than-truckload operator Vitran Corp., representing 10.75 percent of the issued and outstanding common shares of Vitran. TransForce acquired the shares during the period from Dec. 17, 2012, to Jan. 24, through the facilities of the Toronto Stock Exchange...
  • Annual Review & Outlook 2013: Halifax Port Authority
    The economic volatility of 2012 continues to affect cargo business around the world. Undoubtedly, this uncertainty will place added pressure on our carrier partners and all logistics operators including terminal, truck, rail, forwarders and integrators. We will need to work collaboratively together to generate better performance and network optimization. The immediate...
  • Annual Review & Outlook 2013: Georgia Ports Authority
    This year, U.S. East Coast ports will be focused on making the infrastructure investments necessary to remain competitive in an evolving international marketplace, especially in light of the expansion of the Panama Canal. Additional terminal capacity and improved transportation via road and rail are critical, as well as the maintenance and...
  • Annual Review & Outlook 2013: Galborg USA
    The oversupply of dry bulk vessels weakened charter hire rates weakened considerably during 2012, and this extended into the market for multipurpose vessels used to carry breakbulk cargoes. Expectations are that this will continue until end-2013 when pundits predict demand will slowly catch up to supply. The oversupply of vessels...
  • Q&A: Obama and the Birthers: Are New Laws Valid?
    Q: There have been a lot of changes in the laws and regulations affecting transportation in the last four years, and presumably there'll be many more in the next four. I'm talking about taxes, motor carrier hours of service, road-building, airport and seaport security, on and on. I suppose we all...
  • Annual Review & Outlook 2013: Evergreen Shipping Agency (America)
    While we wish there were only two challenges ahead, we prefer to separate the challenges in three silos: capacity supply side, cargo demand and operating cost. These will be our industry's primary concerns. On the capacity supply side, overtonnaging remains a huge challenge for the container shipping industry. This problem...
  • ILWU Files Lawsuit Against Seattle Over Arena
    Sports enthusiasts in Seattle let out a hearty cheer this week when the National Basketball Association gave tentative approval to a plan that would bring professional basketball back to the city, but a proposed downtown arena to house the team could be a loser for the Port of Seattle. The site...
  • Annual Review & Outlook 2013: DP World
    Our experience since 2009 shows clearly that an economic downturn can affect the whole world, including our industry. It has also shown the world is becoming smaller and more competitive than ever before. Meanwhile, the world's population is also growing. This takes us to a new era of sustainability and efficiency,...

Containerisation Internationalweb site
JANUARY 25, 2013
  • CMA CGM sells 49% of Terminal Link to China Merchants
  • OPDR Felixstowe - Casablanca express
    Hamburg based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) is now offering its customers a seven-day transit direct container service to Casablanca from ...
  • Maersk improves Belfast feeder coverage
    Maersk Line has announced improvements to its feeder coverage for Belfast, saying the services had 'become irregular and unpredictable as a result of continuous ...
  • Portonave leads the way in Santa Catarina
    The Brazil, Itajai-based Terminais Portuarios de Navegantes - better known as Portonave - processed 620,026 teu in 2012, 13.7% ahead of the previous year. Since ...
  • Boxship owners praying for market uptick
    According to the latest report compiled by Lloyd's List Intelligence [LLI] there are currently 333 containerships idled, representing 6.6% of the global cellular ...
  • CI LinkedIn site tops 4,500
    Containerisation International's LinkedIn site has topped 4,500 members less than 18-months after its launch.With 200,000,000 million members worldwide [a growth ...
  • Hapag-Lloyd targets hefty Asia-Europe rate hike
    Hapag-Lloyd has taken the lead with plans to levy a hefty Asia to Europe rate increase in March, just as it did 12 months ago.The German line has notified customers ...

TradeWindsweb site
JANUARY 25, 2013
  • Hope on the horizon?
    Wartsila believes the shipbuilding market will improve in 2013 but isn't counting its eggs before they hatch.
  • Safe strikes again
    Sale-and-purchase brokers have linked Safe Bulkers of Greece to the acquisition of another kamsarmax bulker.
  • Unipec turns to Nordic
    Nordic American Tankers appears to have cashed in on Unipec's insatiable appetite for tonnage.
  • Ship Finance ups the ante
    Ship Finance International's (SFI's) decision to beef up its convertible bond offering bodes well for a fundraiser that could top $350m, according to RS Platou Markets.
  • Second look proves costly
    The early termination of two time charter contracts will have a deeper impact on the bottom line of Mercator Lines Singapore than previously forecast, the Asian bulker operator warned investors Friday.
  • QGOG closes in
    QGOG Constellation (QGOG) has set the stage for its debut on the New York Stock Exchange with an initial public offering (IPO) that could top $550m.
  • Opportunity knocked
    Private equity investors have already missed the biggest opportunity this shipping generation will ever experience, according to Aristides Pittas.
  • EU piracy action urged
    European Union (EU) countries have been urged to come up with a unified strategy to combat the scourge of piracy.
  • Latvian execs appeal fails
    Three former senior executives of the Latvian Shipping Co accused of conspiracy, deceit and fraudulent misrepresentation over newbuilding consultancy agreements have failed in a bid to challenge the jurisdiction of the English courts.
  • Danske downs GOGL
    Danske Bank has cut John Fredriksen's Golden Ocean to sell at the start of what promises to be a difficult year for the dry sector.
  • Saade seals ports deal
    China Merchants (CMHI) is paying EUR 400m ($538.5m) for a 49% stake in CMA CGM's terminals operating company.
  • Nigeria cries foul
    A Nigerian government committee has warned Chevron over alleged bias against domestic shipowners.
  • Eco or bust
    Performance benefits offered by eco-ships mean owning the latest breed of vessels will become a matter of survival rather than choice, JP Morgan says.
  • Not quite Orlova yet
    A derelict Russian cruiseship has broken free of its tow off Canada.
  • Sweden eyes tonnage tax
    The Swedish government has pledged a new investigation into introducing a tonnage tax - but owners will have to wait.
  • SFL in creative issue
    Ship Finance International is looking to bag $250m from a notes issue aimed at clearing debt.
  • No surprises at Steamship
    A couple of words missing from a report in today's edition of TradeWinds may have caused confusion about the outlook for the Steamship Mutual protection and indemnity club.
  • Ofer empire dividing
    TradeWinds digests the digits making the headlines this week.
  • Keppel O&M to improve
    Keppel Offshore & Marine should see better results next year with margins expected to creep up from current levels, an analyst has said.
  • OPDR goes direct
    German short-sea line OPDR is launching a new container service to Morocco from the UK.
  • Maersk makes the cut
    Maersk Line says it has reached its 2020 emissions-reduction target nearly eight years early.
  • Aponte buys ro-pax
    Gianluigi Aponte's SNAV has snapped up a Stena Line ro-pax for an Italy to Croatia run.
  • Big John backs tankers
  • Cosco Pac to raise $300m
    Cosco Pacific has launched its expected fundraiser to expand its terminal and container leasing businesses.
  • SHI edges FPSO job
    Samsung Heavy Industries is said to have beaten compatriot Hyundai Heavy Industries to the contract to build a $3.3bn floating production storage and offloading unit.
  • Exim Bank opens vaults
    Export-Import Bank of China is pumping another $3bn into ship finance this year.
  • Frontline clinches capes
    John Fredriksen's Frontline 2012 has sealed its move into bulkers with a deal for up to eight ships.
  • Japan LNG imports jump
    Japan's LNG imports reached a record high in 2012 increasing 11.2% year-on-year to 87.3mt, government data shows.
  • Howling at the moon
    We take a look at what was said in the market over the past week.
  • Jebsen confirms trio
    Kristian Gerhard Jebsen Skipsrederi has confirmed to TradeWinds that it has ordered a trio of kamsarmax bulkers in Japan.
  • Tsakos ties-up Propontis
    Tsakos Energy Navigation has tied-up a two-year charter of a modern product tanker that takes its secured revenues to $1bn.
  • Heidmar solicits supporters
    Heidmar appears to be picking up the pace of a campaign aimed at expanding its tanker pools by courting new members.
  • Mermaid seals China job
    Mermaid Maritime, the offshore arm of Thoresen Thai Agencies, has won repeat business in China potentially worth up to $40m.

American Shipperweb site
JANUARY 25, 2013
  • ITC says Korean, Mexican washers hurt U.S. industry
  • FMC reviews 13 OTI license applications
  • NEWSFLASH: CMA CGM sells stake in terminals to China Merchants
    The liner carrier CMA CGM has sold a 49 percent stake in its terminal operating subsidiary Terminal Link to China Merchants Holdings, the largest public port operator in China, for 400 million euros ($538 million).
  • CN offers new services to leverage intermodal network
    The Canadian railroad has been an industry leader in making intermodal comparable to a truck service to attract shippers that demand fast and reliable freight transportation - and continues to hone its products.
  • Emirates cargo head to retire
    In an email to close associates, Ram Menen wrote that he's taking early retirement from his 27-year Emirates SkyCargo career to spend more time with family and friends and continue to travel the world.
  • Tampa sees benefit from Latin American growth
    The port director of the Tampa Port Authority said robust growth in Latin America presents potentially significant opportunities to ports at the intersection of major East-West and North-South trade lanes.
  • After record year, Alabama port expands
  • Maersk meets internal 2020 emissions goals
    "It is confirmation we're on the right track. And to keep that momentum we're raising the target to a 40 percent reduction in CO2 by 2020," said Morten Engelstoft, chief operating officer for Maersk Line.
  • Swift sets records, looks to 2013
  • COSCO Pacific buys Taicang terminal stake from parent
  • Panama wants canal to be more than a transit point

The Bunker Bulletinweb site
JANUARY 25, 2013
  • Weekly global market update
    A weekly price round up of bunkering hubs from around the world.
  • Americas bunker prices end week firmer
    Demand was average on the US Gulf, players confirmed.
  • Greek illegal fuel trade turnover remains high
    Study by Merchant Marine Ministry confirmed market estimates regarding a shift in illegal fuel trade from heating oil to fuel for ships.
  • Defueling of standed US Navy vessel almost complete
    As of Friday afternoon, the defueling of the USS Guardian was already 70% complete.
  • Maersk Line reaches CO2 target eight years ahead of schedule
    'We are proud to hit this mark 8 years ahead of schedule. It is confirmation we're on the right track.'
  • Tallinn picks company for LNG feasibility study
    Research part of LNG in Baltic Sea Ports programme.
  • Tight avails in Fujairah
    180 cSt prices up nearly $10 per metric tonne.
  • Prices move upward in Rotterdam
    Congestion easing in port, according to reports.
  • Owners need to hedge, says broker
    The rising bunker price is a forceful argument for hedging.
  • Brightoil wins reassurance from lenders
    Lenders have 'agreed in principle' to give waivers for breaches of the company's financial covenant.
  • Fuel-efficient ships 'matter of survival'
    'Widening gap' between eco-ships and older tonnage, says industry analyst.
  • Growing anger at delays in de-bunkering stricken ship
    US Ambassador promises to work closely with Philippine authorities over 'environmental concerns'.
  • German bunker company appoints new staff member
    New recruit comes from tanker background.
  • Chinese shipping giant warns of 'huge loss'
    Cosco blames weak container market and high fuel costs.
  • Wartsila sees growth ahead
    Company's strong position in 'dual-fuel market will support steady profits'.
  • Asian bunker prices end week higher
    IFO and MGO prices recorded gains in key Asian ports.
  • Singapore to invest millions into fourth LNG tank
    Tank will significantly boost terminal's capacity.
  • Scandlines to develop zero-emissions ship
    Ship will use electricity generated from unused wind farms' night-time power.
  • Fredriksen upbeat on oil, fuel tanker market
    Shipping magnate says industry would recover over the next 15-20 months.
  • EC eyes LNG bunkering as credible alternative
    Up to 139 ports could offer LNG bunkering.

›››File
FROM THE HOME PAGE
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the first half of 2025, container traffic in the port of Gioia Tauro grew by +10.5%
Joy Taurus
2,186,211 TEUs were handled
A bulk carrier was attacked in the Red Sea
Portsmouth
The crew abandoned the ship which began to take on water
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
Rijeka Gateway Terminal to become operational in early September
Copenhagen
The first ship at the second container terminal of the Croatian port is expected on September 12
Falteri (Federlogistica) urges us to focus on the development of "polycentric" logistics
Genoa
The Simplified Logistics Zone should be the cornerstone of the strategy
Tsuneishi Shipbuilding Co. acquired Mitsui E&S Shipbuilding Co.
Hiroshima/Tokyo
It was renamed Tsuneishi Solutions Tokyobay Co.
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
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