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31 July 2025 - Year XXIX
Independent journal on economy and transport policy
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BRIEFS
June 16, 2014
Sched Netweb site
  • Carriers, shippers brace for serious bunker cost shock next year
  • War zone forwarders keep delivering through shot and shell in Iraq
  • Shandon coastal port box volume up 18.1pc to 1.08 million TEU in May
  • Pentagon climate study proves false, but lives on in alarmist policy
  • Hamburg Sud takes in 9,814-TEUer for Far East-east coast South America
  • US$60 million West Africa Shipping Line start-up gets go-ahead
  • Forwarders urge US Federal Maritime Commission to prepare for congestion
  • Greater due diligence is needed to reduce bunker fraud, disputes
  • Frankfurt's Fraport air cargo up 6.9pc to 185,626 tons in May
  • American Airlines cargo up 6.4pc year on year - 10.8pc year to date
  • Changi to pay out US$80 million for air hub growth and assistance
  • Indian government plans to set up air cargo facilities nationwide

Exim Indiaweb site
JUNE 13, 2014
  • Chairmen of Chennai, Kamarajar Ports to participate in South East India Shipping & Logistics Conclave & Awards 2014
  • Conqueror Freight Network meets in Kuala Lumpur in pursuit of mutual cooperation
  • HSBC Transport Indicator calls for better capacity management on Asia-Europe trades
  • Recent surge in VLGC freight rates unsustainable, says Drewry
  • Shipbuilding likely to get a boost from proposed subsidy
  • SRI spreads the word on priorities & challenges for seafarers' rights
  • TT Club highlights preventable accidents in ports & cargo handling facilities
  • Exports to US up 9 pc, encouraging news for Indian exporters: Fieo
  • Kamarajar Port's net increases to INR 316 cr. in 2013-14
  • Veteran trade union leader Dr Shanti Patel passes away
  • Govt to expedite rail projects to enhance coal movement
  • Odisha seeks budgetary allocation for National Waterway-5
  • AEPC seeks FTP support to boost exports
  • Forex reserves up by $ 203.2 m to $ 312.58 bn
  • GMR Infra's gross revenue grows 12 pc in Q4 FY14
  • IFS should focus on expanding trade: PM
  • IIP bounces back by 3.4 pc in April
  • INR ends sharply weak at 59.78 on heavy dollar demand
  • Union Budget likely by second week of July: Naidu
  • Aaras busy with project cargoes in Karachi port
  • RollDock expands multi-functional vessel fleet
  • Shipping pool for heavy lift vessels formed
  • World's heaviest evaporator moved in Saudi Arabia by Almajdouie Logistics

International Transport Journalweb site
  • Network Rail to upgrade Sydney's rail network
  • Wabtec completes acquisition of Fandstan
  • First cargo community system in the cloud
  • FPS opens in south of Sri Lanka
  • Creel from Ford to Schenker
  • Even more tonnage for Indian Railways
  • Hungarian Air Navigation Services overseeing Kosovo
  • Europa Worldwide bridges the gap in Nottingham
  • UPS deploying six new electric vehicles in Frankfurt
  • Unife elects new chairman
  • NYK achieves CO2 reduction goal from vessels

Marine Logweb site
JUNE 13, 2014
  • Damen delivers the first hybrid ASD 2810 tug
  • Floatel to have Wärtsilä Aquarius UV BWMS
  • Cecon still waiting for delivery of first Davie newbuild
  • Aker Philly delivers first of ExxonMobil aframax duo

World Wide Shipperweb site
JUNE 13, 2014
  • Harley Marine Services orders two new tractor tugs
  • Port of Astoria extends until July 15 executive director recruitment period
  • US rail freight traffic runs higher during week
  • Washington governor calling for increase in state spill prevention plans
  • DOT freight index finds transport numbers up for April

Lloyd's Listweb site
JUNE 13, 2014
  • Virtually challenged -Liverpool pilots prepare for increasing pressures
    Mersey tugs contend with new terminal, ACL newbuildings and dancing cruiseships
  • Swedish Club hails successful year
    Free reserves at record high
  • Ioannis Martinos launches solo shipmanagement company
    Foundation of Signal Maritime does not mean splitting the Thenamaris fleet, says owner
  • Higher world steel production to encourage more tanker scrapping
    Greater steel production will support high scrap prices, argues McQuilling
  • Oil market causes fresh headaches for tanker owners
    Situation in Iraq remains a key supply concern
  • Iraq's woes cast a long shadow over the international outlook for oil
    To lose Basrah's 2.6m bpd seaborne exports would have serious global consequences
  • A less-than-winning week for capesizes
    It's not just late football costing brokers sleep as market reverses into a steady decline
  • Rates up on Asia-South America route but capacity reduced
    But freight rates remain below the level recorded a year ago and mid-June 2012
  • Japan to ratify ballast water convention
    Other IMO member states considering ratification could push convention into force next year
  • The burden of responsibility
    As Posidonia drew star billing, Sandefjord in Norway hosted a meeting of masters
  • Reederei NSB threatens to leave German flag
    Boxship operator issues an ultimatum as it negotiates crew contracts and register conditions
  • Week on Wall Street | June 13
    Taking a ringside seat as Genco Shipping has its day in bankruptcy court
  • Passengers hurt in third incident on Hong Kong-Macau ferry route
    Shun Tak vessel hit the sea wall as it sailed into port, injuring 57
  • Western Bulk sells $31.8m claim against Pan Ocean
    Third-party deal brings a net gain of $12m for second-quarter 2014
  • Indonesia plans safe anchorages as UN study flags rising Asian piracy risk
    Protected zones aim to tackle a growing number of incidents in national waters
  • US farmers urge ILWU and PMA to address threats to west coast ports
    Agriculture Transportation Coalition says Asia manufacturing shift will reshape trades
  • DP World looks to raise $1bn for growth and acquisitions
    Proceeds will provide flexibility at a low interest rate, says bin Sulayem
  • Cybersecurity risks in the maritime sector
    Shipping lines need to take more notice of the threat of cyber criminals
  • New cargoes for tankers and gas carriers as ExxonMobil starts Angola project
    ExxonMobil expects production of 160,000 barrels per day from export start-up
  • Global Gateways: North America
    Containerisation International looks at the challenges facing North American ports
  • Data Hub: World Fleet Update - June
    Boost in capacity as more larger vessels are delivered

Sea-webweb site
JUNE 13, 2014
  • Floatel to feature Wärtsilä BWMS
    Swedish offshore floatel owner and operator Floatel International will equip its Floatel Triumph semi-submersible accommodation and construction vessel with two Wärtsilä AQUARIUS UV ballast water management systems (BWMS). Floatel Triumph will also feature Wärtsilä engine room pumps and a
  • Dynagas raises growth cash
    NASDAQ-listed Dynagas LNG Partners has priced an offering to help fund buying the Arctic Aurora LPG carrier. The transaction will be the firm's first public offering since its IPO in November 2013. On 12 June, the George Prokopiou-led partnership announced that it will offer 4.8M common units at
  • Scorpio Tankers issues profit warning
    Emanuele Lauro-led Scorpio Tankers has damped expectations for its second quarter by pre-releasing estimates of projected losses. On 12 June, the NYSE-listed product tanker company predicted adjusted losses of $0.06-$0.10/share for 2Q14. Prior to this profit warning, analysts had forecast a loss of
  • Shanhaiguan bags CS Tanker trio
    Chinese state-owned shipyard Shanhaiguan Shipbuilding has won an order for up to three Panamax crude oil tankers from China Shipping Tanker Co (CS Tanker). The Shanghai-based owner, a subsidiary of China Shipping Group, has ordered two firm 65,000dwt vessels for delivery towards the end of 2016 with
  • UK shipping fails to sell itself
    Liverpool MEP Jacqueline Foster has described as 'outrageous' the fact that a UK maritime management degree course with a hundred places available had attracted only one student. Speaking at a maritime logistics event in Liverpool on the global skills shortage, she said the shipping industry had
  • Uki-linked firm at Rauma as STX exits
    Rauma Marine Constructions (RMC), a new company linked with Uki Workboat, is to start shipbuilding and repair operations at Rauma in Finland when STX's tenancy at the yard concludes at the end of June. Although Rauma had plans for creating a marine industrial park, the shipyard had been expected to
  • SPP secures 12 Parakou MR tankers
    South Korean yard SPP Shipbuilding has won an order that could total $432M from Hong Kong-based Parakou Shipping for up to 12 medium-range (MR) products tankers. As well as four firm 50,300dwt vessels, with delivery scheduled for 2016, Parakou's order has four plus four options attached. The 12
  • Macau passenger ship collision injures 70
    A high-speed passenger ship crashed into a breakwater in Macau today, leaving about 70 injured, one of them seriously. The 1981-built Cacilhas, carrying 220 passengers and 13 crew, collided with the southern breakwater of the Outer Channel off Macau at about 09.30, according to a statement from
  • China's COSL signs new rig contract with Agility
    China Oilfield Services (COSL) on Tuesday clinched an agreement with Agility Group (AG) on the drilling package for COSL's drilling semisubmersible unit Hai Yang Shi You 982 (HYSY982). The $7.9M deal includes detailed design work on integrating the drilling package from National Oilwell Varco (NOV)
  • Customs at Port Botany uncovers drugs
    Two Taiwanese nationals have been charged with attempting to import drugs through Port Botany container terminal in Sydney, a joint Australian Customs and Federal Police taskforce announced yesterday. Australian Customs and Border Protection Service (ACBPS) uncovered 12kg of methamphetamine
  • China iron ore imports face price pressure
    China's iron ore imports may come under near-term pressure in 3Q14, with iron ore prices and Capesize rates sliding as iron ore financing comes under scrutiny, said UOB Kay Hian. Since early April, the China Banking Regulatory Commission (CBRC) has urged local authorities and banks to step up an
  • KSS Line fixes VLGC to Petredec
    South Korean LPG and chemical shipping company KSS Line has chartered a very large gas carrier (VLGC) to Singapore-based LPG trader Petredec. KSS Line, led by CEO Lee Dae Sung, said it has chartered the VLGC for three years from 1 March 2015. In a Korea Exchange filing, KSS Line said the charter
  • Maersk Line upbeat on Vietnam trade
    Maersk Line expects Vietnam's manufacturing sector to overcome the challenge of rising regional competition. The country still enjoys macroeconomic stability, with inflation on target, a steady exchange rate, and a strong export sector in surplus, according to Maersk Line Vietnam's first trade
  • NYK invests in Mexican car logistics
    NYK, Japan's second biggest shipowner, has acquired 30% of Mexican finished-car logistics company CSI (Consorcio de Servicios Internacionales SA de CV). A signing ceremony at the NYK head office in Tokyo was attended by Leon Antonio Flores Elizondo, CEO of the CSI Group, and NYK president Yasumi
  • Thailand's car exports set to grow
    Thailand's car exports are poised to grow by 6-11% this year, according to Kasikorn Research. Between 1.16M and 1.22M cars are due to ship this year, despite months of political turmoil culminating in May's military coup. In 2013, Thailand's car exports totalled 1.09M vehicles. "We believe that the
  • Steady progress for Yangzijiang yard
    Singapore-listed Yangzijiang Shipbuilding Holdings is progressing on a steady course, according to Yeo Kee Yan, an analyst from DBS Vickers Research. Yangzijiang's share price is expected to rise to a target price of SGD1.55 or $1.24, up from its current SGD1.06 per share. This forecast reflects
  • ITF calls for fair trial of Sewol crew
    The International Transport Workers' Federation (ITF) has issued a call for due legal process to be followed in the trial of the Sewol ferry's 15 crew. Crew members are being tried for involuntary manslaughter over their role in the 16 April disaster, in which an estimated 304 of 476 passengers and
  • Maersk Line: Indonesia needs better ports
    Indonesia's undeveloped port infrastructure could drag on the country's economic growth, according to a Maersk Line report on Indonesia trade. Maersk Line's president director for Indonesia, Jakob Friis Sorensen, said the nation could be held back by ports that are unsuited for container shipping.
  • NAO debuts on NYSE
    Nordic American Offshore (NAO) has begun trading on the New York Stock Exchange after pricing its IPO at the bottom of the target range. The platform supply vessel (PSV) owner priced 5,882,352 shares on 11 June at $16/share versus its stated target range of $16-$18/share. Underwriters have the
  • Heung-A Shipping orders new chemical tankers
    South Korea's Heung-A Shipping has announced on 12 June that it will order two 3,500dwt chemical tankers worth KRW28.462Bn ($28M). Heung-A Shipping will operate the tankers through a Bareboat Charter Hire Purchase (BBC-HP), a common method of ship financing in South Korea. The charter period is 12
  • Moody's changes CMHI's outlook back to stable
    Moody's Investors Service has revised the outlook on China Merchants Holdings International's Baa2 issuer rating and senior unsecured bond ratings from negative to stable. At the same time, Moody's has affirmed the Baa2 issuer rating and the Baa2 senior unsecured bond ratings, the company said in a
  • Capesize rally softens
    The rally that was seen in Capesize rates this week began softening yesterday as fewer cargoes emerged. This week, rates on the Western Australia-China route pushed up to over $8.30/tonne on Tuesday but fell to $7.91/tonne as of yesterday, according to the Baltic Exchange's assessments. The

The Journal of Commerceweb site
JUNE 13, 2014
  • Concor gearing up to clear import backlog at Nhava Sheva Port
    Container Corp. of India said it is taking steps to add more intermodal services to help clear a buildup of containers that threatens to affect operations at marine terminals in the Jawaharlal Nehru Port (Nhava Sheva), the country's largest container gateway. "We are trying to resolve the said issues in coordination...
  • Port of Long Beach's new discounts aim to recoup market share
    The Long Beach Board of Harbor Commissioners has given preliminary approval to two incentives that aim to bring additional cargo to the port, following a slip in its container traffic and market share. The incentives, which also encourage the use of air pollution-reducing power and on-dock rail, are designed to help...
  • Air cargo market posts solid performance, but faces slowdown in coming months
    The air cargo market posted solid year-on-year growth in the first quarter driven by a cyclical upturn in the global economy, but high jet fuel prices and weak yields has depressed carriers' earnings as they face a slowdown in the coming months, the International Air Transport Association said. With new aircraft...
  • Big Data's benefits touted for logistics sector
    Like other fashionable buzzwords in the past, the catchphrase "Big Data" has grabbed many headlines in recent months, even as it has left many potential users bewildered about its scope and potential benefits. Although many supply chain companies seem to believe Big Data is too big for anyone but the Fortune...
  • Charleston adds cold-storage capacity
    Three companies this month have announced investments in temperature-controlled facilities near the Port of Charleston. Lineage Logistics will break ground next month on a 340,000-square-foot cold storage distribution center in North Charleston. The operation will provide blast-freezing for poultry and other protein exports, along with facilities for imports. The North Charleston project...
  • DCLI offers chassis road service
    Direct ChassisLink Inc. plans on July 1 to launch a program to provide emergency road service to truckers using DCLI chassis that aren't in cooperative pools. The start of the new program coincides with announced per-diem rate increases for chassis leased by DCLI and competitors TRAC Intermodal and Flexi-Van. TRAC Intermodal also...
  • SCFI: Rates up to Europe while Asia-US rates continue slide
    Spot rates from Asia to Europe were up for the second straight week in the week of June 13, 2014. Full-size chart Spot rates from Asia to Europe were up for the second straight week, but carriers are still looking forward to a July general rate increase. Spot rates to northern Europe rose...
  • Hamburg hails $1 billion Kiel Canal funding, awaits Elbe river court ruling
    The port of Hamburg hailed the German government's approval of a €750 million ($1 billion) investment to upgrade the Kiel Canal, which links the North Sea to the Baltic Sea, as a major competitive boost for the country's largest container port. The Berlin government has allocated €265 million to widen the...
  • Ocean carrier rate revision roundup for June 13
    Multiple container lines have planned general rate increases in various trade routes to take effect in July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue. Despite recent improvements, global container lines' schedule reliability and on-time container delivery have been worse every month so far this...
  • US intermodal service shows signs of slipping again
    U.S. intermodal service appears to have slipped again last week, suggesting that the major railroads' rebound after a brutal winter wracked their networks and shippers' supply chains will be one of fits and starts. Average intermodal trains speeds, a barometer of overall service reliability, fell 1.1 percent in the first week...
  • EU security rules keeps industry guessing as July 1 deadline looms
    Tough screening regulations applying to air cargo being flown into the European Union will be enforced from July 1, but with just two weeks to go the industry has little idea which carriers, airports and forwarders have met the security requirements. "The challenge that we have is from the EU. We...
  • Media accused of vilifying trucking industry after fatal accident
    CHICAGO - The president and chief operating officer of Werner Enterprises, the 11th largest U.S. trucking company, today urged logistics executives to push back against what he called the mainstream media's vilification of the trucking industry following the high-profile deadly accident last weekend. Derek Leathers said the mainstream media has "butchered...
  • Nhava Sheva Port agents look to intermodal to clear backlog
    Ship agents in India's Port of Jawaharlal Nehru (Nhava Sheva) have called on state-owned rail operator Container Corp. of India to urgently provide more intermodal trains to tackle rising inventory levels at the country's largest container gateway. The move comes after the backlog of import units, destined for various inland container...

TradeWindsweb site
JUNE 13, 2014
  • Panamax prices plunge
    Asset prices in certain segments of the dry-bulk market appear to be sliding, a leading Greek sale-and-purchase broker told clients Friday.
  • US preps Syria chemicals delivery
    A Norwegian cargoship is preparing to deliver a cargo of chemical weapons precursors handed over by Syria's military to Port Arthur, Texas, according to US government documents.
  • VLGC rates on the rise
    Rates for very large gas carriers (VLGCs) are on the rise and many believe the segment will continue to gain momentum in the weeks to come.
  • PDVSA pens tug series
    A Dutch shipbuilder has lined up a contract to construct ten tugs for Petroleos de Venezuela SA (PDVSA).
  • Lighter vessel sinks
    A lighter vessel has sunk in Bangladesh after hitting a wreck.
  • Capital cashes aframax
    Greek owner Capital Ship Management appears to have done well on an investment in a vintage aframax tanker.
  • Trafigura sells trio
    Commodities group Trafigura has reportedly sold off three modern medium range (MR) products tankers at a profit to Empire Navigation of Greece.
  • Cosco in $175m order
    Chinese owner adds to growing bulker newbuilding tally with contracts for six more ships.
  • Latvian likes LPG
    Vitol-backed tanker owner Latvian Shipping would be interested in a return to the LPG vessel sector, but it is not in a position to order new ships now.
  • Glencore deal for Diana
    Diana Shipping has penned a new contract for one of its panamax bulkers with Glencore.
  • Jumbo drops one
    Dutch owner Jumbo Shipping has cancelled an order for a heavy-lift vessel at Brodosplit in Croatia.
  • SeaEnergy builds fleet
    UK-listed SeaEnergy is teaming up with a Singapore company on offshore vessel shipmanagement.
  • Seven slip away
    Goldenport Holdings has pulled the plug on a plan to purchase seven bulkers from its founding Dragis family.
  • DNB in double downgrade
    DNB Markets has downgraded both the products tanker market and its largest owner Scorpio Tankers after taking a below consensus view in the market from next year.
  • GSI eyes yard buys
    Chinese shipbuilder Guangzhou Shipyard International (GSI) is now considering taking over other yards as part of its restructuring.
  • SCI eyes LNG growth
    Indian owner in talks to expand managed gas carrier fleet to 20 ships.
  • Cargoship spills fuel
    The crew of a Vietnamese cargoship have been rescued after the vessel started sinking following a grounding off the Maldives.
  • Bugbee back for more
    Scorpio Bulkers president Robert Bugbee has topped up his stake in the New York-listed owner for the second time in a month.
  • BG takes back tanker
    KNOT Offshore Partners has persuaded BG Group to re-employ a shuttle tanker it is handing back in July.
  • Arcadia cools VL claims
    Arcadia Shipmanagement of Greece has distanced itself from claims a debut VLCC deal is being lined up.
  • NSB to quit German flag?
    Germany's NSB Reederei could shift its containerships from the domestic register as it seeks to find a way to reduce crewing costs.
  • OSG's $3.2bn bill
    US tanker owner OSG has revealed how it will spend $3.19bn of cash to exit bankruptcy.
  • STNG warns of loss
    Scorpio Tankers has braced investors for a softer than expected second quarter performance.
  • Heung-A adding duo
    South Korea's Heung-A Shipping is lining up a $28m investment on two more chemical carriers.
  • Four for Fukuoka
    Japan's Fukuoka Shipbuilding has clinched orders for a quartet of chemical tankers.
  • On the hook
    We take a look at what was said in the market over the past week.
  • Supra8 nears 50 ships
    Pool operator Navig8 is close to operating 50 ships in its Supra8 supramax pool following the addition of three more bulkers.
  • DP World prices bond
    DP World is set to raise $1bn from a senior unsecured convertible ten-year bond, the company has confirmed.
  • Epic buys LPG duo
    Epic Gas confirmed Friday that it had purchased two modern 9,500-cbm LPG carriers for an undisclosed price.
  • Indo piracy crackdown
    Indonesia is about to take the fight to piracy gangs operating in the region with a string of measures designed to combat the problem.
  • DLNG prices
    Dynagas LNG Partners of Greece is poised to pocket nearly $110m from its latest Wall Street fundraiser.

American Shipperweb site
JUNE 13, 2014
  • Shipper: Railroad ag reports still needed
  • Vilsack trip aims to boost U.S. ag exports to Europe
    The U.S. agriculture secretary will discuss the expansion of agricultural trade between the two continents, the importance of agriculture's role in the T-TIP, and benefits the trade agreement will have for both the U.S and Europe.
  • Former U.S. Customs head Ambrose dies
    Myles J. Ambrose, who served as a head of the U.S. Customs in the early 1970s and later specialized as a private practice customs and international trade attorney in Washington, died on June 3. He was 87.
  • Vancouver port starts project to ease truck congestion
    The Canadian government is giving Port Metro Vancouver CAN $3 million ($2.76 million) to implement a common data interface project at its four terminals to reduce trucker wait time.
  • Higgerson heads CBP's Laredo, Texas office
  • Massport breaks ground new terminal
  • Ag shippers to ILWU, employers: 'We are all in the same boat'
    The Agriculture Transportation Coalition has urged the ILWU and employers to "take action to keep U.S. West Coast ports (and the cargo that is dependent upon them) viable."
  • MarAd seeks applications for marine highway projects
  • NYK acquires stake in Mexican car logistics company
    The Japanese shipping company bought a 30 percent stake in the Mexican logistics company CSI Group to expand its participation in Mexico's burgeoning finished automobile trade in North America.
  • Belgian researchers developing new container tracking technology
  • 5 NY/NJ airports gain new leaders
  • Weekly GRI roundup

The Bunker Bulletinweb site
JUNE 13, 2014
  • Bunker prices largely up in Houston
    Tight avails reported by local players.
  • Weekly Global Market Report
    A weekly price roundup from bunkering hubs around the world.
  • Drive for fuel efficiency pushing younger ships to retirement
    Impending BWM convention could also impact demolition decision, says shipbroker.
  • Mass flow meters 'to increase fuel delivery capacity by 50%'
    CYE Petrol plans to add four more systems to its vessels.
  • Shipyard delivers hybrid tug
    Vessel can achieve 'average fuel savings of up to 30% and up to 40% reduction of emissions'.
  • Asian maritime agencies urged to step up anti-piracy efforts
    Fuel cargo was stolen in four of five recent piracy attacks.
  • Prices make strong gains across Europe
    Some gains in double digits, reports say.
  • Prices climb in Fujairah
    Suez sees little change.
  • Dispute over bunker consumption figures goes to police
    Norwegian shipowner at loggerheads with engine maker on issue, say press reports.
  • Bunker sales slide in Japan
    April volumes down month-on-month and year-on-year.
  • Emissions monitoring product launched with GPS link
    Product maps vessel's emissions' output against MARPOL regulations.
  • UK MGO supplier warning on demand surge
    Says refinery response to more demand for 0.10% sulphur marine fuel is likely to be limited.
  • Players stripped of bunker permits can appeal
    Malaysia says private jetty owners must justify why they should have bunker licences.
  • Sulphur breaches 'mostly the fault of the ship'
    Netherlands ready to implement EU Sulphur Directive, but will continue to show flexibility when interpreting sulphur transgressions.
  • Shipowner: ECAs will speed up LNG bunker fuel's progress
    Norwegian company also involved in Canadian LNG project.
  • Singapore bunker sales fall month-on-month
    May sales, however, are almost 3% up on the same month last year.
  • Week ends with bunker price surge across Asia
    MGO rates see double-digit growth across key hubs.
  • P&I club issues legal brief on European ECA
    Due to the implementation of directive 2012/33/EU by EU member states.
  • Bunker bill liability case goes to appeal
    Korean bunker supplier challenges lower court judgement.
  • UK refinery to go on sale
    Facility to be sold for $500-600 million.
  • Singapore: Bunkering, ship chandlers trade mixed in Q1
    Domestic trade shrinks, while foreign trade strengthens.
  • Class upgrades rules on composite materials
    Opens way to lighter vessels.
  • New Bunker Holding subsidiary to start business in Singapore
    Firm will be starting operations from July onwards, according to local sources.

›››File
FROM THE HOME PAGE
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
In the first six months of 2025, orders totaled 14.7 billion euros (+93.5%)
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
CMA CGM's net profit fell by 140% in the second quarter.
Marseille
Revenues stable. The French shipping group is interested in acquiring Hutchison Ports' terminals.
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 second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
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
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