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Independent journal on economy and transport policy
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BRIEFS
June 17, 2014
Sched Netweb site
  • Hong Kong up 4.5pc in May to 1.94 million TEU, Singapore up 4.1pc
  • Drewry: Expensive Hong Kong loses more boxes to cheaper Shenzhen
  • MOL to hike export-import Far East-Japan rate US$50/TEU twice in July
  • Brazilian dock strike called off after government agrees to talks
  • Pirates hijack tanker off Sarawak, siphon off diesel, then sail away
  • Indonesia starts anti-piracy scheme with heavily patrolled anchorages
  • Capacity slash strengthens freight rates on Asia-South America trades
  • Sarjak Container Lines awarded by India's transport and logistics sector
  • Box Ships stock downgraded by Barclays from equal to underweight
  • Canada talks of shunning US 'bully' and going bilateral with Japan
  • NYK buys 30pc of Mexican car logistics firm during auto export boom
  • Royal Bank of Scotland auctions off Zim's US$62 million debt
  • Engineering and manufacturing supply chains lag behind others: DHL
  • New UPS chief plans expansion in emerging markets and healthcare
  • Cargo pilots rest rules less stringent as fewer flights flown: FedEx
  • India's e-commerce stymied by poor infrastructure, graft, red tape

Exim Indiaweb site
JUNE 16, 2014
  • CSCL in Baltic feeder market
  • DNV GL celebrates a double milestone
  • DP World's $ 1 bn convertible bond offering
  • Gail (I) may get Presidential directive to amend LNG transport tender
  • Looming seafarer shortage seen challenging carrier profitability
  • LSPL delivers 20 columns & reactors of L&T Hydrocarbon to Reliance J3 site
  • NYK Group acquires 30 pc ownership of Mexican car logistics firm
  • Port of Antwerp goes African with first "Club Afric"
  • Value of auto exports increases by 25 pc
  • Govt may relax cabotage norms at Major Ports
  • Vizhinjam may be developed through viability gap funding
  • GMR Infrastructure speeding on Rlys
  • Govt may give export sops to textile industry
  • Proposed National Chemicals Policy to boost exports
  • Record cotton crop in 2013-14 with smart rise in yield
  • Remove export duty on iron ore & pellets, miners urge Centre

International Transport Journalweb site
  • Turkmenistan to implement railway communication project
  • RCA continuing to haul timber
  • Moldova approves pilot green lanes for AEOs and TIR-EPDs
  • Ukraine closing ports in Crimea
  • Intradco set for global expansion in animal transport...
  • Massive increase in freight traffic forecast
  • Fresh blood for London Offshore Consultants
  • La Spezia: Speter and LSC merge
  • Cooperation at Athens international airport
  • A silver anniversary for Gonzales
  • Another two new African Waco System members
  • Dunkirk inaugurates eco-landscape belt

Marine Logweb site
JUNE 16, 2014
  • NASSCO books another Jones Act tanker order
  • Tanker escort rule finalized for Prince William Sound
  • Patti Marine delivers Z-drive tug to Signet Maritime
  • Tests confirm fuel savings with ABB Onboard DC Grid

World Wide Shipperweb site
JUNE 16, 2014
  • Port of Portland begins process for Troutdale Airport master plan
  • APL earns Coast Guard award for maritime security excellence
  • NYK buys 30 percent ownership of Mexican car logistics company
  • Maritime Administration calling for marine highway project applications
  • Diana Shipping Oks charter for Panamax dry bulk vessel

Lloyd's Listweb site
JUNE 16, 2014
  • Star-Oceanbulk merger puts consolidation back on the agenda
    Deal sparks expectations of more M&A to come as IPO opportunities cool
  • Maersk Tankers cements its product tanker focus
    Broker reports of Eastern Force purchase underscore the carrier's shift away from crude
  • Star Bulk to merge with Oceanbulk's dry bulk fleet
    Oaktree will control 61% of $1bn Nasdaq-listed company with Petros Pappas as chief executive
  • Borealis buys three chemical tankers
    VesselsValue estimates the ships' prices at $9.7m and $7m
  • China Cosco invests $176m in six panamax bulkers
    Vessels will be built at two Chinese shipyards
  • Fortescue orders four very large ore carriers for $275m
    Australian miner says owning VLOCs will reduce freight costs
  • Hyundai Merchant Marine aims to raise $112m from share placement
    Struggling South Korean giant plans two $56m offerings to a Hong Kong fund
  • Modi government takes initial steps to explore easing of cabotage rules
    New government is expected to favour relaxing coastal shipping restrictions
  • Goldenport ponders its seven-bulker purchase plan
    Pricing sentiment persuaded the company to postpone its share placement, says Dragnis
  • Product tankers named in recent Ardmore-Daiichi Chuo deal
    Atlantic Innovator and Pacific Innovator were the ships sold
  • Nobu Su tanker sell-off under way
    Arrested VLCC Fortune Elephant sells for just shy of $80m
  • Fincantieri launches its initial public offering
    Italy plans to sell a 38% stake in state-owned shipbuilder
  • Beijing seeks to transform Chinese ports as throughput growth slows
    Real impact of initiative to enhance terminal services still doubtful without concrete measures
  • Torm gets covenant waiver from lenders
    Reprieve is significant as some of Torm's debt has been sold to new creditors this year
  • Finland gets tough on SOx cheats
    Helsinki will confiscate cheating owners' gains and plans other fines and sanctions
  • Long Beach offers discounts to attract more container cargo
    California's two box giants get competitive to tackle rival ports beyond San Pedro Bay
  • Box carriers plan July Asia-Europe price push as services pick up
    Shanghai-northern Europe freight rates rise $19 in a week to $1,202 per teu
  • Maritime authorities halt pirate attack near Malaysia
    Robbers escape with siphoned fuel before joint operation arrives
  • View From The Bridge: Andrew Abbott
    A story of stability against a turbulent backdrop
  • Global Gateways: Africa
    Containerisation International looks at the challenges facing ports in Africa

Sea-webweb site
JUNE 16, 2014
  • Pappas consolidates bulker holdings
    Star Bulk has announced an agreement to purchase Oceanbulk Shipping and Oceanbulk Carriers, creating one of the largest drybulk owners in the US public market. NASDAQ-listed Star Bulk was founded by Greece's Petros Pappas, who controls the Oceanbulk companies along with private-equity firm Oaktree.
  • Europe shortsea freights under pressure
    A general lack of grain, minerals, and scrap cargoes in the North and Baltic Sea ports has sent shortsea freight rates in Europe on a downward slope. Time charter equivalent earnings for mini bulkers and small general cargo vessels on typical round voyages in North Europe have slumped to their
  • Damen Shipyards secures 10 ASD tug order
    Damen Shipyards group has secured a 10 vessel order from the Venezuelan State-owned oil company. The contract is for 10 ASD 2810 Azimuthing Stern Drive tugs ordered by Petroleos de Venezuela SA (PDVSA). Delivery of these tugs is due in the next few months, since all units are being supplied from
  • UK MPs call for emissions rethink
    MPs in UK constituencies where shipping is a key industry, are calling for amendments to stricter sulphur emission rules due to be introduced next January. Transport consultants say the increase in the price of diesel could close ferry routes and result in job losses. Karl Turner, MP for Hull East,
  • Costa Concordia removal decision delayed
    The Italian government has officially put back its decision on the removal and dismantling of the wreck of Costa Concordia to 26 June. A decision was due today, but the Italian cabinet has accepted a recommendation from Franco Gabrielli, commissioner for the Concordia emergency, to postpone the
  • DS Torm, lenders agree on covenant waiver
    DS Torm, the listed Danish product tanker and dry bulk shipping company, said it has reached an agreement with its lenders to waive certain covenants. The company said in a statement it has obtained the expected covenant waiver from its lenders, which means that the company will not need to test
  • Fincantieri shares on sale
    Shares in state-owned Italian shipbuilder Fincantieri went on sale on Monday after the company obtained the approval of Italian stock exchange regulator CONSOB last week for the offering, that values it at between €1.57Bn and €1.84Bn ($2.1Bn to $2.5Bn). The IPO, which Fincantieri hopes
  • Fortescue seals $275M ship contract
    Australian miner Fortescue today announced it was extending its supply chain into shipping, after sealing a $275M contract with a Chinese shipyard for the construction of four very large ore carriers. The miner said the fleet of 260,000dwt class vessels to be delivered in 2016-17 would both reduce
  • CMHI raises $2Bn to repay debt
    China Merchants Holdings (International) has raised HK$15.3Bn ($2.0Bn) by issuing convertible securities on the Hong Kong Stock Exchange. About 55% of the net proceeds from the issuance will be used to repay debts, including notes and bank loans, a stock filing of the company said today. About 40%
  • More piracy incidents reported in SEA in May
    More incidents of sea robbery were reported in Southeast Asia in May than in the same month last year, according to regional anti-piracy body ReCAAP ISC. Thirteen actual incidents were reported last month, compared to just four in May 2013. Five petty thefts were reported in the Straits of Malacca
  • HMM raises $111M from foreign investment
    Hyundai Merchant Marine said today it would raise KRW114Bn ($111M) from a foreign investor. HMM, South Korea's second biggest shipping company, has been actively raising funds to pay off massive debts. It said in a press statement that it has inked a memorandum of understanding with Hong Kong-based
  • Monsoon erodes Indian shipbreaking market
    The positivity seen in the Indian ship recycling market was eroded last week as the South Asian monsoon season beckoned. Prices in India have stayed at $455/lt ldt for bulkers and $485/lt ldt for tankers, a drop of $20/lt ldt from last month when Narendra Modi's election win injected bullishness
  • Victim's mother sues state, Sewol owner
    A woman who lost her son in the Sewol ferry sinking is suing the South Korean government and ferry owner Chonghaejin Marine. The boy was a student of Danwon High School, of which many of the Sewol victims were from. Of the Sewol's 476 passengers and crew, 304 are presumed dead in the 16 April
  • Japan's coal burn snaps 16-month growth string
    Japanese power utilities' coal consumption dipped in May, breaking a 16-month string of year-on-year uplift, according to figures from the Federation of Electric Power Companies. The utilities consumed 4.04M tonnes in May, down 2.2% y/y from 4.13M tonnes, and also 4.2% lower than 4.31M tonnes
  • China grain imports up 86% in first four months
    China has imported 6.66M tonnes of staple food grains from January to April 2014, an increase of 86% year-on-year (y/y), according to data released by Agriculture Ministry's Agricultural Trade Promotion Center.. The trade deficit of China's grain trade in the first four months hit $21.24Bn, up by
  • Strike hits Australia's Wheatstone
    A 24-hour stoppage, affecting Tidewater offshore support vessels in Western Australia will affect Chevron's Wheatstone LNG project off Onslow in the Pilbara region. Today's strike took affect at 4am local time when around 100 cooks, stewards and seafarers refused to crew Tidewater vessels. The
  • Thai junta to invest in three new ports
    Thailand's military rulers are set to invest in three new ports, a senior government official has confirmed to IHS Maritime. The ports, Pak Bara, on the Andaman Coast, and Songkhla 2 and Chumphon on the Gulf of Thailand are "not very big", Chula Sukmanop, director-general of the Office of Transport
  • Singapore company charged with aiding North Korea weapons smuggling
    A Singapore-based shipping company has been charged with helping to finance the shipment of North Korean weapons of mass destruction to Cuba. Chinpo Shipping Company faces one charge of transferring $72,000 on 8 July 2013 from its Bank of China account to C B Fenton & Co, a shipping agent in the

The Journal of Commerceweb site
JUNE 16, 2014
  • New York port's PNCT moves into 'path of growth'
    When Jim Pelliccio looks around Port Newark Container Terminal, he sees something other terminals may crave - land to expand. "We're the only terminal in the port that has land for expansion," said Pelliccio, chief executive at PNCT. The terminal handles one-fifth of the Port of New York and New Jersey's...
  • The ocean shipping evolution: Key priorities for ocean transport logistics
    Recently, my company, INTTRA, hosted a two-day summit that brought together CIOs and sea freight and e-commerce thought leaders from the world's largest ocean carriers and global shippers. Together, we took a hard look at obstacles in our industry's business processes - and at what it will take to bridge...
  • Strong growth in Port of Virginia's container traffic
    The Port of Virginia handled 204,232 TEUs in May, up 6.7 percent year-over-year. Full-size chart The Port of Virginia handled204,232 TEUs in May, up 6.7 percent year-over-year, marking the third-best month in the port's history for container traffic. The month's growth was led by imports, excluding empties, which improved 8.9 percent compared with...
  • Growing officer shortage to hurt ocean carriers' earnings
    A shortage of seafarers in the officer corps is expected to worsen, threatening carriers' bottom lines, according to Drewry's recently published Manning 2014 Annual Report. Drewry said shipowners and managers need experienced mariners, but do not have the resources to fund substantial rises in wages because of weak freight rates caused...
  • Acquisitions should target more than just additional customers, 3PLs told
    The average logistics merger or acquisition deal was $44 million in 2013, compared with $125 million in 2012. Full-size charts CHICAGO - Third-party logistics providers looking to acquire other firms should focus on what capabilities the deal will bring, rather than just gaining customers inorganically. Gaining new customers via acquisitions isn't necessarily a...
  • Chicago inland port shippers get temporary relief from truck ban
    Starting tomorrow, truck drivers serving a major intermodal complex in the Chicago area will be able to again use a shortcut after a judge temporarily repealed a local ban on truck traffic on the route. U.S. Northern District of Illinois Judge Gary Feinerman on June 16 issued a temporary restraining order...
  • Container carriers profiting from intra-Asia trade
    Cheaper ship charter rates and growth in cargo volumes are bringing gains to the bottom lines of ocean carriers operating in services between Asian countries, Drewry says. A report released by Drewry said many deep-sea carriers are losing money by the millions on international routes, while regional routes tend to return...
  • AGRO targets reefer expansion
    AGRO Merchants Group has been building its portfolio of temperature-controlled warehouse and distribution facilities at nine U.S. and European locations, and CEO Neal Rider says there's more to come. "We hope that by this time next year we will have at least twice the footprint we have today," Rider said. "We...
  • Senate Democrats aim for tougher US truck safety rules
    The furor over the truck crash with a limousine van that killed James McNair and injured comedian Tracy Morgan is spurring demand for tougher truck safety regulation, including stricter hours of service rules for truck drivers. Sen. Charles Schumer, D-N.Y., wants federal regulators to require trucking companies to put electronic logging devices...
  • Rotterdam-Bavaria intermodal link seeing heavy use
    Additional intermodal capacity that was added between the port of Rotterdam and Bavaria has been well received and is helping alleviate a capacity shortage. It's been two months since European Gateway Services and TX Logistik AG launched a fourth round-trip train to transport cargo linking Rotterdam to both Munich and Nuremberg....
  • French rail strike snarls freight traffic
    Rail freight traffic is being seriously disrupted across France and to and from the nation's seaports as a strike by rail workers entered its sixth day with no sign of a settlement in sight. SNCF, the state-owned rail operator, asked its customers to postpone shipments scheduled for this week until further...
  • Rickmers-Linie (America) names new president, CEO
    Rickmers-Linie has named Waldemar "Val" Poulsen as president and CEO of Houston-based Rickmers-Linie (America), effective July 1. Robert Sappio, who has been leading Rickmers-Linie (America) since September 2012, will step down as president and CEO on the same date. He will remain connected to Rickmers-Linie as a board member of Rickmers-Linie...
  • PSA's Tuticorin Terminal restricts imports as truck delays intensify
    PSA Sical Terminals' management at India's Port of Tuticorin (now known as V.O. Chidambaranar) has issued a trade notice placing temporary restrictions on import cargo handling as congestion at the piers has reached a critical level. "As an interim measure to ease congestion, we are reducing import volume by 50 percent...

TradeWindsweb site
JUNE 16, 2014
  • Borealis tied to buy
    Borealis Maritime of the UK has emerged as the buyer of three chemical carriers controlled by Greek operator Pan Regional.
  • Ion takes OceanGeo cake
    Seismic vessel operator OceanGeo is now wholly owned by US-based Ion Geophysical.
  • APT inks order
    General Dynamics NASSCO has secured a contract to construct another medium-range product tanker for American Petroleum Tankers (APT).
  • OSG's April loss shrinks
    Overseas Shipholding (OSG) has reported a nearly $6.25m loss in April, bringing its total losses to $959m since the tanker owner entered Chapter 11 bankruptcy protection in November 2012.
  • NNA firms fixture
    Navios Maritime Acquisition (Navios Acquisition) of Greece has secured employment for one the newest additions to its fleet of tankers.
  • Star shines on merger
    Star Bulk shares ran hot this morning as investors reacted positively to a merger with Oceanbulk which will see Oaktree Capital become the largest shareholder in the company.
  • Another year for Dof
    Norway's Dof has been awarded a one- year contract extension for a support ship in Brazil.
  • No warning
    A careless crewman was crushed to death on a Gearbulk cargoship in Australia after crane alert devices failed.
  • Star sets new model
    Today's merger between public Star Bulk and private OceanBulk could well be a template for others in private equity looking to exit their investments in shipping.
  • Cosco deepens ties
    Chinese owner Cosco has agreed to cooperate on tanker shipping with another state giant.
  • New $1bn Star is born
    Petros Pappas and Oaktree Capital are creating the largest dry cargo company in the US capital markets via the merger of Nasdaq quoted Star Bulk and IPO hopeful Oceanbulk.
  • Cecon still waiting
    Norway's Cecon has had to extend debt financing again as it awaits delivery of a delayed newbuilding in Canada.
  • Platou projects VLGC crash
    RS Platou Markets has downgraded shares in three of the world's four largest VLGC owners amid concerns shipping's runaway train will soon come crashing to a halt.
  • Greek owner guilty
    Seventeen years after the loss of the bulker Albion Two off France, Greek owner Panagiotis Lemos has been given a suspended sentence of 15 years.
  • FMG books VLOC quartet
    Fortescue Metals Group has made a major shipowning move and splashed out $275m on a series of four VLOCs in China.
  • New investor for HMM
    Loss-making Hyundai Merchant Marine (HMM) is aiming to raise KRW 114bn ($112m) through a share issue as it welcomes a new investor on board.
  • Duo win Isacson award
    Two students from Singapore and Sweden are the inaugural recipients of the Claes Isacson Scholarship set up in memory of the chief executive of the Gard insurance group who died last year.
  • Fredriksen ups Flex ante
    John Fredriksen has invested a further $12m to build a dominant position in LNG owner Flex.
  • Solstad sells Supporter
    Norway's Solstad Offshore has offloaded a 2005-built anchor-handler for a cash gain of NOK 40m ($6.66m).
  • Arctic backs LPG duo
    Arctic Securities has placed buy ratings on two Oslo-traded VLGC owners that are expected to cash in while the sun shines in the sector.
  • Torm in debt deal
    Torm has struck a waiver with hedge funds and banks controlling debt of $1.6bn.
  • Subsea 7 builds backlog
    Oslo-listed Subsea 7 has won an installation contract in the Gulf of Mexico worth more than $50m.
  • Wartsila teams with RCCL
    Wartsila has secured a second major engine maintenance and technical support agreement this time with a major cruise line.
  • Wuchang inks LNG vessels
    Wuchang Shipbuilding is building up to 13 LNG bunkering barges for the Chinese market.
  • Fincantieri launches IPO
    Italian state-owned shipbuilder Fincantieri launched an IPO on Monday that values it at up to EUR 1.84bn ($2.5bn).
  • Fleet growth boosts Epic
    Epic Gas has reported a 24% increase in first quarter revenue in its first set of results since listing in Oslo in February.
  • Trafigura profit up 24%
    Trafigura has seen its interim profit surge by 24% on the back of strong volume growth and healthy trading margins.
  • Tanker attack foiled
    A daring raid on a small tanker off southern Malaysia was thwarted in the early hours of Sunday morning.

American Shipperweb site
JUNE 16, 2014
  • Study urges 'bold standards' on truck fuel economy
  • OOIDA: Make driver training a priority
    According to the group's executive vice president, Todd Spencer, regulators need to focus on rules regarding real-life training for truckers instead of burdensome regulations.
  • Long Beach board considers new cargo incentives
    The Long Beach Board of Harbor Commissioners on Friday gave pre-approval to two new incentives that officials hope will bring extra cargo to the port and increase the use of shore power and on-dock rail.
  • Drewry: Intra-Asia trade attracting carriers
  • Port of Virginia reports profitable May
    In May, cargo volume grew 6.7 percent, or 12,865 TEU, year-over-year. There was also growth in breakbulk tonnage (25.6 percent); rail containers (4.8 percent); barge containers (13.2 percent); and Virginia Inland Port containers (22.8 percent).
  • Trucking firms turning to new pay methods
  • Deloitte/Llamasoft partner on risk management strategic solutions
  • DP World raised $1 billion for growth
  • Report: Hyundai Merchant Marine issues stock to raise funds
    HMM, Korea's second largest carrier after Hanjin, will sell 6.81 million convertible preferred shares worth 57 billion won to Market Vantage Ltd. and make a similar sale to Market Vantage in the second half of the year.
  • United to increase Latin American services
  • Executive moves

The Bunker Bulletinweb site
JUNE 16, 2014
  • ICS: Industry 'still not ready' for sulphur, BWM legislations
    'Time is rapidly running out', says ICS secretary general.
  • Ferry operator supports campaign to reduce shipping emissions
    Has been using 0.10% low-sulphur MGO for the past 18 years.
  • Shipyard bags order for another LNG-conversion-ready carrier
    Eco features include ballast water treatment system and an optimised hull.
  • Bunker prices start week soft
    Rotterdam's bunker market was reported to be quiet, sources said.
  • Singapore: Fuel oil arrivals heading for two-month low
    Weak Chinese demand a factor, traders say.
  • Bunker prices soften in Fujairah
    Sharp falls in Suez.
  • Container sector 'set to improve'
    Better management of bunker costs a key factor, says Evergreeen vice-president.
  • Marine lubes: Castrol to handle BP's product
    Move brings customers 'greater simplicity and efficiency'.
  • UK politicians to debate ECA impact this week
    Key element in Chamber of Shipping's sulphur regulation action plan.
  • Ferry operator calls for handout to help meet ECA costs
    'Traditionally, you would expect companies to be helped with the cost of meeting these targets,' says DFDS vice president.
  • Indian courts move against bunker pollution
    Bunker transfer entries of particular interest.
  • Technology group claims fuel savings of more than 25%
    ABB says results from independent tests 'exceeded our expectations'.
  • DFDS ship sets new record for lower fuel use
    Vessel used 23% less fuel than average between Estonia and Sweden.
  • Finland will get tough on ECA cheats
    Multi-agency approach to be used.
  • Asian IFO market fairly stable
    But direction unclear for MGO rates.
  • Pirates board MGO bunker tanker
    Singapore-based firm loses part of cargo to pirates after attack in South China Sea.
  • LNG bunker barges to join Chinese domestic fleet
    Company plans to buy at least 10 more bunker ships this year.
  • Methanol producer eyes bunker market
    Company developing technology around alternative to bunker fuel.

›››File
FROM THE HOME PAGE
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.
Antwerp
Dry bulk volumes recovered and rolling stock increased. Other sectors declined.
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
US forces struck the VLCC Belma sailing towards Iran's Kharg Island.
Tampa
It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions
In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased
Genoa
In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.
Turkey's GIH acquires Royal Caribbean's stakes in Kusadasi and Lisbon cruise terminals
Istanbul
Shareholdings rose to 99.99% and 60% respectively
In the first half of the year, Russian ports handled 451.5 million tons of cargo (+5.8%)
St. Petersburg
Record traffic in the second quarter
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
NatPower Marine acquires Aqua superPower to accelerate the electrification of ports and marinas
Monk
It operates the largest international network of electric charging points in Europe.
European Logistics Observatory established
Brussels
The aim is to strengthen the competitiveness, resilience and sustainability of European logistics.
Agreement reached at Mimit with JSW to relaunch the Piombino steelworks
Rome/Livorno
Gariglio: Strengthening integration between port docks and industrial areas
Agreement between Fincantieri and the Croatian shipyards Brodotrogir Cruise and Iskra Shipyard
Trieste
Initiative within the framework of the two-corvette program promoted by the Croatian Ministry of Defence
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