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Independent journal on economy and transport policy
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BRIEFS
May 19, 2014
Sched Netweb site
  • CKYHE calls at Xiamen now that 13,000-TEUers have joined transpac loop
  • LA up 10.3pc in April to 706,036 TEU - LB rises 9.7pc to 569,843 TEU
  • Vietnamese anti-China rioting kills 2 as workers flee the country
  • P3 to negotiate separately with terminal operators, but one to lead
  • Busan New Container Terminal offers KMCT feeders to Sendai, Japan
  • Montreal Port reports 19pc profit surge in 2013 despite hard time
  • Tianjin Nangang customs checkpoint plans to open for service this year
  • London Gateway's 2nd berth draws services from lines to logistics
  • Chiquita banana boats return to Port of New Orleans after 40 years
  • Nemport Terminal in western Turkey marks millionth TEU with Libya
  • DNV GL ends risk assessment for methanol carriers with flex fuel engines
  • DHL to relocate regional HQ in new hi-tech warehouse in Singapore
  • Toll opens new mega depot and headquarters for trucking in Brisbane
  • Emirates raises sales, adds capacity while rivals struggle to keep up
  • Intradco and National Air Cargo flies 47 horses from Dubai to Belgium
  • Emirates' unit dnata invests US$13 million in UK cargo activities
  • Pune airport stands to lose cargo to Mumbai for 36pc docking charge

Exim Indiaweb site
MAY 16, 2014
  • Essar Ports' net profit up 16 pc in 2013-14
  • Goodrich keeping not only abreast, but ahead of the times
  • Lift & Shift completes record load out in the Middle East
  • London P&I Club reports increased free reserves
  • MOL launches bi-annual vessel safety campaign
  • Shashi Kiran Shetty comments on Mandate 2014
  • MRPL to import 4 mt crude from Iran in FY14
  • Adani Ports acquires Dhamra port
  • I. Jeyakumar takes charge as Dy Chairman of Chennai Port Trust
  • KPCT holds trade meet to celebrate first year of operations
  • National bunker business meet highlights potential of Cochin Port
  • Railways freight revenue up by 6.12 pc in April
  • Cotton yarn exports can meet set target of 1,350 mkg in 2014-15 : Texprocil
  • Economy to cross $ 5 trillion by 2025, says Morgan Stanley
  • Forex reserves rise by $1.94 bn to $311.85 bn
  • Indian Inc hails new govt, has great expectations
  • Industry unhappy with 31 pc cut in raw sugar subsidy
  • INR rally causes concern, exporters seek intervention: CII
  • INR surges by 120 p to end at 11-month high of 58.83
  • Project clearances to be expedited in Odisha
  • Crane Rental Corporation handles heavy nacelle for Siemens Energy training facility
  • World's first free networking event for project cargo specialists held in Antwerp

International Transport Journalweb site
  • Port of Dunkirk issues invitation to submit expression of...
  • Rail Cargo sending new blocktrain to Turkey
  • Loxx introduces express service to Italy
  • Finnlines invests in environmental technology
  • C.H. Robinson offers new "fresh" approach
  • AF-KLM allowed to take GOL capital stake
  • DB Schenker opens new centre in Portugal
  • Hartmann to be VDR president in 2015
  • ICTSI sees Q1/2014 income and volumes surge
  • Wtransnet welcomes Dachser to Freight Exchange

Marine Logweb site
MAY 16, 2014
  • New coal carrier for Japan's Mitsui O.S.K. Lines
  • Latest HII acquisition could bring work to Avondale
  • Wärtsilä gas generators chosen for giant spar platform
  • New Finnish icebreaker to have ABB power and Azipods
  • With private equity help, Odfjell exercises newbuild options
  • U.S. moves ahead on LNG as marine fuel
  • May 16, 2014 Signet acquires Harvey Gulf's offshore towing vessels

World Wide Shipperweb site
MAY 16, 2014
  • Seattle Maritime Festival names winners of leadership awards
  • US Department of Transportation releases freight transport numbers
  • Port of Los Angeles posts container totals for April
  • Oregon governor pleased with funding request for small ports
  • US rail freight traffic sees weekly improvement

Lloyd's Listweb site
MAY 16, 2014
  • How to be a tanker asset player
    Tanker Investments makes no secret of its mission to turn a profit on trade in tonnage
  • Report urges Western Australia to review its FLNG plans
    State parliament committee warns of negative impact on local economy and jobs
  • Troubled times for Australian LNG projects
    Delays to projects from cost overruns could leave new tonnage high and dry
  • A start-up with bite? Molaris seeks equity for E-Rex
    Alma Maritime boss seeks up to $300m from New York investors to back a bulk venture
  • TEN posts best results since early 2010
    Greek tanker owner says $14.6m net income helped by shuttle tankers and healthier crude rates
  • Intra-Asia trade growth undermines long-haul chemtanker trades
    Drewry Maritime Research expects the trend to continue as Chinese demand trebles
  • Week on Wall Street | May 16
    Free to read: Lawyers make hay as investor groups take to the courts
  • Steamship sees positive underwriting result
    Combined ratio falls to 98%
  • NileDutch in tie up with CMA CGM
    The two shipping lines will team up on the South America-West Africa trade lane
  • TT Club announces $12m surplus for 2013
    Restructuring is key to performance, says Pontoppidan
  • Drewry joins the chorus warning against VLCC overordering
    'Owners need to be cautious,' analyst cautions
  • Strike Club will switch its European business to a new UK mutual
    Change responds to Brussels' Solvency II directive
  • Odfjell and private investors form new LPG/ethylene shipping joint venture
    Joint venture's partners will pump $50m each for project's growth
  • Los Angeles and Long Beach both enjoy box volume growth in April
    Long Beach says rebound in volumes is down to return to normal shopping patterns
  • Chubu Electric buys stakes in LNG carriers from Mitsubishi, NYK and MOL
    Japanese utilities firm invests in two 153,000 cu m ships to deliver its own cargoes
  • Production surge threatens stability of oil prices
    Lessons from history show a change in oil price sentiment can be swift and brutal
  • Asking the right questions
    BMT offers non-industry investors the answers they need when buying terminal assets
  • DP World sees opportunities in a changing marketplace
    Dubai-headquartered terminal operator set for an improved year in terms of volumes, but still has to contend with larger vessels and the growth of alliances

Sea-webweb site
MAY 16, 2014
  • US investigation 'may affect CIMC business'
    Shenzhen-listed China International Marine Containers (CIMC) stated today that the United State's initiation of investigations into antidumping and countervailing duties (AD and CVD) on containers made in China may affect parts of its business. The US Department of Commerce announced on 14 May that
  • ASEAN-India trade 'could grow with collaboration'
    Trade between India and the ASEAN bloc could grow if an upcoming joint working group (JWG) between the two countries is successful, a leading shipping industry source has said. "The key point of this JWG is to address the primary issue of rail/road connectivity between India and the countries in
  • Radiance starts year with strong quarterly results
    Singapore-listed offshore vessels company Pacific Radiance (Radiance) is off to a dream start for the year with gross profit surging to 91% in 1Q14. Radiance saw its 1Q14's profit after tax and minority interest (PATMI) hiked by 110% year on year to $17.8M, while its revenue jumped by 33% to $42M
  • Iron ore '30 benchmark' hit twice to China
    Last week marked the second straight week where 30 drybulk vessels were chartered in the spot market to ship iron ore cargoes to buyers in China, according to a research note from drybulk consultancy Commodore Research. Commodore noted: "This is a very significant amount; during all of last year,
  • BW Group to buy 10 MR tankers under JV
    The BW Group will purchase 10 MR product tankers under a joint venture with investment management firm PAG. Under the JV agreement, BW Pacific will buy the tankers from Elandra, a company associated with commodity trader Vitol Energy (Bermuda). BW Group CEO Andreas Sohmen-Pao commented: "BW is
  • Positive outlook for MR tankers
    Despite disappointing earnings for medium-range (MR) products tankers at the start of 2014, shipbroker EA Gibson believes fundamentals for the segment remain positive. The Baltic Exchange's TC2 assessment for the NW Europe - US Atlantic Coast averaged close to $10,000/day on round voyage basis
  • Pan Ocean profits since receivership
    Pan Ocean returned to black for the first time since it began its corporate rehabilitation programme in June 2013. The last time the former STX Pan Ocean, which dropped the "STX" from its name after the STX chaebol executed a debt-to-equity swap, was in the black, was in 2011. The company made

The Journal of Commerceweb site
MAY 16, 2014
  • Asia-Europe Spot Rates Drop, But Spike Expected
    Spot container freight rates as measured by the Shanghai Containerized Freight Index dropped on the Asia-Europe lane this week, but Asia-U.S. rates climbed.
  • DHS to Congress: 100 Percent Container Scanning 'Highly Improbable'
    WASHINGTON - The Department of Homeland told Congress it won't meet a federal mandate requiring all U.S.-bound containers
  • US West Coast Ports Big Winners in WRRDA Bill
    WASHINGTON - Soon-to-be enacted U.S. port legislation will inject a modicum of fairness into a port funding program that has split the industry since the Harbor Maintenance Tax was created in 1986. The result is a big win for West Coast ports that have seen billions in taxes collected from their imports support competitor ports.
  • 1Q Trucking Dashboard: Higher Rates, Revenue Gains
    The first quarter was warmer for trucking than you might think - at least financially.
  • Water Resources Bill: What It Means for US Ports
    WASHINGTON - It's finally happened. Senate and House leaders have reached an agreement on long-delayed legislation that would authorize major port and inland waterway projects, speed up port deepening work and reform the Harbor Maintenance Trust Fund. In other words, Congress is addressing some of shippers and transportation provider's major concerns, including a lack of equity for donor ports and the diversion of Harbor Maintenance Tax dollars from ports.
  • Growth Accelerating at Los Angeles, Long Beach Ports
    The ports of Los Angeles and Long Beach, which combined handle more than 40 percent of U.S. container trade, both reported double-digit monthly container import growth in April.
  • Ocean Carrier Rate Revision Roundup for May 16
    Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
  • Wan Hai's Focus on Asia Keeps Line Ahead of Taiwan Rivals
    Intra-Asia specialist Wan Hai Lines posted a modest $21.8 million profit in the first quarter as the carrier leveraged its network to remain the leading light among Taiwan's top three shipping companies.
  • TPM 2014 Sponsored Video: Colombo International Container Terminals
    Tissa Wickramasinghe, general manager of Colombo International Container Terminals' marketing and commercial department, explains the strategy behind investments to make Colombo a regional trans-shipment hub.
  • TPM 2014 Sponsored Video: Port Everglades
    Port Everglades' CEO and port director Steven Cernak discusses a pilot program for perishables and gives status updates on the port's expansion projects, including possible reason behind the delay of deepening plans.
  • TPM 2014 Sponsored Video: Norfolk Southern
    Norfolk Southern's Randy Bayles, director of international intermodal, on what the West Coast labor uncertainty really means, as well as East Coast capacity-adding measures, short-haul intermodal and inland port projects.
  • Carriers Extract Savings From Bottom Line As Profitability Slumps
    An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.

TradeWindsweb site
MAY 16, 2014
  • Phoenix sells handymax
    Phoenix Bulk Carriers has reportedly sold a handymax bulker for a sizeable gain.
  • 'State of emergency'
    Ecuador has declared a state of emergency in the Galapagos Islands over the grounding of a cargoship.
  • TEN aiming to sell and buy
    Tsakos Energy Navigation (TEN) is looking to sell some of its older tonnage to be replaced by newbuildings purchased in resale deals, an executive said today.
  • Stavropoulos bids adieu
    Tsakos Energy Navigation (TEN) chairman John Stavropoulos has used his last conference call with analysts to express dismay at the state of financial reporting by other companies on Wall Street.
  • PNG LNG loads first cargo
    A first cargo is being loaded at the ExxonMobil-led new liquefaction start up PNG LNG.
  • Tidewater extends buyback
    Tidewater's board has approved a renewed $200m programme to buy back some of the offshore vessel giant's New York-listed shares off the market.
  • Sending a message
    We take a look at what was said in the market over the past week.
  • Rieber earnings soar
    Norway's GC Rieber Shipping has posted a bigger profit for the first quarter as a loss from associated companies dropped off the balance sheet.
  • TEN hits four-year high
    Greece's Tsakos Energy Navigation (TEN) has posted its best quarterly profit for four years as revenue jumped.
  • TEN snaps up duo
    Greek owner Tsakos Energy Navigation (TEN) is boosting its crude exposure with a deal for two modern suezmaxes.
  • Cocaine found on cape
    UK authorities have seized more than 100kg of cocaine from a Greek bulker in Scotland.
  • Okean lives again
    Ukraine's higher economic court has reversed the bankruptcy of shipbuilder Okean.
  • TT Club escapes Haiyan
    A surplus of $12m was made by the Through Transport Mutual Insurance Association through last year with a favourable claims climate contributing to the result.
  • VLCC under the hammer
    A former Samho Shipping VLCC laid up in the UAE is to be auctioned online.
  • London Club makes $6.6m
    The London Steam-Ship Owners' Mutual Insurance Association stayed in the black last year but the surplus of $6.6m was down on the $9.4m of the previous year.
  • Marenave profit dips
    German owner Marenave has posted reduced earnings for the first quarter of 2014.
  • Jutha cuts loss
    Thai multipurpose owner Jutha Maritime has reduced its net loss in the first quarter as revenue rose.
  • Steamship rings up $15m
    Last year has turned out to be a lot better for the Steamship Mutual Underwriting Association than the modest surplus anticipated just a few months ago.
  • Oaktree eyes Solvtrans
    Giant US fund Oaktree has launched a takeover offer for Norwegian wellboat owner Solvtrans in its latest shipping move.
  • Double for Briese
    German owner Briese Schiffahrts has been linked to a new eco-cargoship order in China.
  • Tax charge hits Gotland
    Swedish tanker and ro-pax owner Rederi AB Gotland has posted better 2013 operating results, but tax bills hit the bottom line.
  • KDM profit chopped
    Ukraine's KDM Shipping has posted a lower annual profit despite a revenue rise.
  • Chubu takes LNGC stakes
    Chubu Electric Power Co has taken over stakes in two LNG carrier-owning company's from NYK and Mitsui OSK Lines (MOL).
  • IPO timing is right
    Italian state shipbuilder Fincantieri will be listed by the summer as it seeks a cash injection vital to its future.
  • Odfjell in new gas tie-up
    Odfjell is expanding its footprint in the LPG/ethylene sector via a joint venture with two private equity firms.
  • NileDutch in second tie-up
    NileDutch and CMA CGM have concluded a vessel sharing agreement (VSA) for services from South America to West Africa.
  • HMM wide of the mark
    Hyundai Merchant Marine (HMM) has booked another poor quarter as it scrambles to sell assets in a bid to remain solvent.
  • The good, bad and the ugly
    Wan Hai Lines has emerged with the best financial results in the first quarter out of Taiwan's three major liner outfits.
  • Another two weeks
    Eagle Bulk Shipping has secured another stay of execution after being given two more weeks to restructure a major credit facility.
  • KNOP files shelf
    KNOT Offshore Partners (KNOP) is looking to raise fresh funds according to a financial disclosure to US regulatory authorities.

American Shipperweb site
MAY 16, 2014
  • GAO cites weakness in NASA's export control policies
  • NY/NJ port reports strong March
    Cargo volumes were up because of a rebound in March, when 280,519 TEU moved through the port. In January and February, container volumes were off by 0.4 percent and 3.5 percent, year-over-year, respectively.
  • Op-Ed: Infrastructure investment offers strong ROI
    On the final day of Infrastructure Week, during which organizations around the nation have held events about modernizing the nation's aging infrastructure, the importance of improving infrastructure can't be overstated.
  • Gulf of Maine ferry reborn, hopes to attract truckers
  • Q1 weather helped boost coal volumes for railroads
    Consumer demand for coal during the first quarter's extreme cold helped ease the blow from a continued downshift in coal exports, Cowen and Company noted. Class I coal activity is up 9.3 percent so far in Q2.
  • WiseTech Global seeks to build China customer base
  • SAP releases update to transportation management system
  • TIGER applications pour into DOT
    The sixth round of TIGER grants is heavily oversubscribed, with application requests running 15 times above the amount of money available for the competitive program, the U.S. Department of Transportation said.
  • LA, Long Beach report strong container volumes in April
  • Executive moves
  • Marubeni charged with bribing Indonesian officials
  • U.S. investigates dumping of 53-foot trailers from China
  • FMCSA extends comment period for ELD rule

The Bunker Bulletinweb site
MAY 16, 2014
  • Bunker prices mostly down in Houston
    Tight avails reported at the US Gulf port.
  • Weekly Global Market Report
    A weekly price roundup from bunkering hubs around the world.
  • BAF calculations based on LSFO need review
    Some carriers struggling to explain ECA fuel and cost changes to customers.
  • Japan's bunker volumes fall more sharply than predicted
    Latest data show March volumes down 6.9% year-on-year.
  • Prices move little in Fujairah
    Flat prices seen Suez.
  • Week end on soft note across Europe
    Tight avails reported in Rotterdam.
  • Another jail sentence in 'bunker buy-back' case
    Bunker scam involved a false declaration of 'over-delivery'.
  • LNG bunker safety guidelines to be released soon
    Initial recommendations will follow the next meeting of the Society for Gas as a Marine Fuel.
  • ECA threatens European 'cross-channel' ferry routes
    Sulphur limits one factor in longer-term decline.
  • Panama aims to exploit expanded Canal
    LNG bunkering facility among projects mooted.
  • LNG cost benefits 'to continue for decades'
    'Natural gas delivered for production of LNG is 50% less expensive than conventional marine fuel', says US maritime official.
  • Cockett gains ground in Panama legal case
    Move to restrict sale of vessel accepted by top court.
  • Week ends with prices showing little movement
    No issues in supply of marine fuels at major Asian ports on Friday.
  • Bunker volumes at Indian port could 'triple'
    Growth will take place over the next three years, Indian bunker conference has been told.
  • TOTE recognised for pioneering LNG-fuelled ships
    Firm has been honoured as 'Champion of Change'.
  • P&I: Conditional survey needed for tankers carrying heavy fuel oil
    Applicable for tankers aged 10 and above, under certain conditions.
  • Fuel-saving tool stays the course
    Programme clocks up five years in the market.

›››File
FROM THE HOME PAGE
Jeremy Nixon will hand over his position as CEO of Ocean Network Express to Till Ole Barrelet on July 1st.
Singapore
The German manager comes from Emirates Shipping Lines
The first three electric gantry cranes have been installed at the new intermodal terminal in Milan Smistamento.
Milan
At full capacity it will be able to handle up to 44 trains per day
Hong Kong government protests PPC's removal from Panamanian ports
Hong Kong/Beijing
Beijing government spokeswoman stressed that China will firmly protect the rights and legitimate interests of its companies.
European transport associations call for the CEF to be allocated at least €100 billion
Brussels
Chronic underfunding and financial shortfalls are lamented
The Panamanian government assigns the transitional management of the port of Balboa to APM Terminals and the port of Cristóbal to TiL
Hong Kong/Panama
CK Hutchison Holdings denounces the illegality of the terminal seizure and confirms the possibility of legal action.
Panamanian government seizes assets and equipment at the ports of Balboa and Cristóbal
Panama
The Panama Ports Company of the CK Hutchison group has been removed from the management of the two ports
Statement by rail and intermodal transport associations against gigaliners on European roads
Brussels
The current positions of the EU institutions - they denounce - all include elements that risk opening the door to a widespread diffusion of these vehicles.
The mandate of the EuNavFor Aspides mission has been extended until 28 February 2027.
Brussels
A budget of almost 15 million euros has been approved
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
The EU-ETS Observatory of Puertos del Estado confirms the risk of loss of container traffic share of European ports
Madrid
Santana: We believe that some aspects of the ETS should be monitored and, where necessary, revised.
Tidewater acquires Brazil's Wilson Sons Ultratug Participações for $500 million.
Houston
It has a fleet of 22 Platform Supply Vessels
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Trump attempts to circumvent the Supreme Court ruling by introducing temporary tariffs
Washington/Suitland
An executive order confirming the suspension of the "de minimis" regime was also signed.
Slight growth in freight traffic in the port of Ancona in 2025
Ancona
Rolling stock slightly down. Passenger numbers significantly down.
Construction of the cruise terminal at Molo San Cataldo in Taranto will begin in October.
London
Global Ports Holding invests over €4.5 million
One dead and four injured on board the cruise ship World Legacy (formerly Moby Zaza )
Singapore
A fire broke out on the unit
SBB CFF FFS Cargo has sold 31 locomotives to Nordic Re-Finance
Bern
The Swiss company plans to equip itself exclusively with vehicles produced by Stadler Rail Valencia by 2035.
Last year, freight traffic in the port of Hamburg grew by 2.6 percent.
Last year, freight traffic in the port of Hamburg grew by 2.6 percent.
Hamburg
Containers boosted the growth. Volumes remained stable in the fourth quarter alone.
In the fourth quarter of 2025, the DFDS Group recorded a net loss of DKK -286 million.
Copenhagen
Last year, cargo traffic in Montenegro's ports grew by 1.6%.
Podgorica
Cargoes to and from Italy alone increased by +64.6%
To APM Terminals the 37.5% of the Southern Container Terminal of the port of Jeddah
The Hague/Dubai
DP World will keep the remaining 62.5%
Continues the bending of the traffic of the container in the port of Los Angeles
Los Angeles
In January decrease of -12.1%. Bown: the state of exports to China seems bad
In the fourth trimester of the 2025 the traffic of the goods in the port of Civitavecchia is increased of +8.6%
Civitavecchia
In the whole year growth was +3.1%
Samskip sells marine and logistic services with the United Kingdom and Ireland to the CLdN
Luxembourg/Rotterdam
The agreement includes rental agreements for over 5,000 multimodal load units
The Antitrust has reopened the procedure on the concentration between the Ignazio Messina & C. and the Terminal San Giorgio
Rome
The International Chamber of Shipping against the new harbour taxes programmed by the US government
Washington
Necessary - the association emphasizes - carefully coordinated political solutions
Norwegian Cruise Line Holdings orders three new ships from cruise to Fincantieri
Miami/Trieste
They are destined to the companies Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises
Hapag-Lloyd and ZIM agreed on a merger agreement
Haifa/Hamburg
The German company will pay up to $2.5 billion
America's Maritime Action Plan proposes a new tax on foreign-built ships from any nation entering U.S. ports.
Washington
It would be used to fund the new Maritime Security Trust Fund
Hapag-Lloyd to acquire Israeli ZIM
Hamburg
The German company will be responsible for international operations, while those in and with Israel will be assigned to the Tel Aviv-based private equity firm FIMI Opportunity Funds.
Sultan Ahmed bin Sulayem leaves DP World after Epstein's involvement
Dubai
It Kazim appointed president and Yuvraj Narayan managing director
Eurogate and APM Terminals will invest a billion euros for the development of the North Sea Terminal Bremerhaven
Bremen/The Hague
CK Hutchison threatens appeals against APM Terminals if it will assume the management of the Panamanian ports of Cristóbal and Balboa
Hong Kong
Tomorrow will be inaugurated the new container terminal of transhipment of Damietta
Bremen/Melzo
Its ability to annual traffic will rise up to 3,3 million teu
Fincantieri presents an industrial plan that foresees the doubling of the production capacity of military vessels in Italian shipyards
Milan
For civil production, a reallocation of volumes to Romanian shipyards and an expansion in Vietnam are planned.
Fincantieri and Generative Bionics sign agreement to develop humanoid welding robots.
Trieste/Genoa
The first tests at the Sestri Ponente shipyard are scheduled for the end of this year
Slight increase in annual freight traffic handled by Croatian ports
Zagreb
Sharp drop in dry bulk offset by increase in liquid cargoes and record containers
The Grendi group expects to close 2025 with a record turnover of 158 million euros (+33%)
Genoa
Revenues increased by 10%, net of the effect of the acquisition of Dario Perioli.
South Korean HMM's quarterly and annual performances were negative.
South Korean HMM's quarterly and annual performances were negative.
Seoul
In 2025 the container fleet transported 3.94 million TEUs (+3.2%)
Offer to acquire European express courier InPost
Amsterdam/Luxembourg
It was submitted by a consortium comprising Advent International (37%), FedEx (37%), A&R Investments (16%) and PPF Group (10%)
Transocean and Valaris sign merger agreement
Steinhausen/Hamilton
The new company will have a fleet of 73 offshore vessels, including 33 ultra-deepwater drillships
Hapag-Lloyd expects to close the 2025 financial year with a 61% decline in operating profit.
Hamburg
Record loads transported by the fleet, growing by +8%.
FS establishes a company specializing in transport and infrastructure consultancy
London
The new company is based in London
Maritime traffic in the Suez Canal fell by 3.4% last year.
Maritime traffic in the Suez Canal fell by 3.4% last year.
Cairo
Growth of +9.0% in the fourth quarter alone. In December, transits increased by +13.1%.
The simplification law, rather than making things easier, complicates the lives of ship captains and burdens them with additional operational and legal responsibilities.
Genoa
BYD and Automar reach agreement for vehicle traffic through the port of Gioia Tauro.
Schiedam
The goal is to serve the central-southern Italian market.
Maersk Group announces 15% ground-based job cuts
Maersk Group announces 15% ground-based job cuts
Copenhagen
The quarterly and annual financial results are impacted by the reduction in the value of maritime freight rates.
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
A Livorno port pilot loses his life in a collision
Livorno
The dynamics of the accident are still under investigation.
Study on alternative marine fuels as potential marine pollutants and the effectiveness of response measures
Lisbon
It was commissioned by the European Maritime Safety Agency
The first in-person meeting of the international working group "Cruises & Port Cities" will take place in Taranto.
Taranto/La Spezia
Pisano (AdSP Liguria Orientale): the relationship between the city and the port is strategic, particularly in relation to cruise traffic
G20 merchandise trade trend to fluctuate in the fourth quarter of 2025
Paris
Trade in services is growing
Extension of incentives for rail freight shunting in ports
Rome
Paper (Fermerci): the sector, however, continues to suffer as demonstrated by the overall data for 2025
MPC Container Ships revenues decreased by -4.3% in 2025
Oslo
Net income was $236.4 million (-11.4%)
Saipem has been awarded a further offshore contract in Saudi Arabia
Milan
Order worth approximately 500 million dollars
The new offices of the Eastern Sicily Port Authority have been inaugurated in the port of Pozzallo.
Pozzallo
Contract worth approximately 750 thousand euros
Finmar appointed agent in Italy for United Global Ro-Ro
Genoa
Two services scheduled with stops at the port of Genoa
Contract awarded for the expansion of the San Cataldo Pier in the port of Bari
Bari
They will be carried out by the Rti Fincantieri Infrastructure Opere Marittime, Boskalis Italia, Zeta and e-Marine
The digital registry of maritime workers and the digital navigation booklet are law
Genoa
Article 11 of Legislative Decree 19/2026 establishes AGEMAR
DB Cargo plans to cut around 6,000 jobs
Berlin
Negotiations with employee representatives to begin soon
In 2025, containers transported by RCL's fleet increased by +8.8%
Bangkok
Revenues from this activity grew by +5.2%
Regarding Tardini's nomination as president of the Western Sicily Port Authority, Salvini and Schifani have (for now) buried the hatchet.
Palermo
Annual container traffic grows by 5.4% at HHLA port terminals
Hamburg
Record revenues expected at 1.76 billion euros (+9.9%)
Container traffic at the Port of New York is expected to grow by 2.3% in 2025.
New York
Significant increase in full containers for export
Politics and Assiterminal celebrate the extension of the port bonus
Rome/Genoa
Ferrari: understood the value of the planning behind the reformulation of the law
Container traffic at the port of Hong Kong decreased by -3.2% in January
Hong Kong
1.13 million TEUs were handled
Costamare secures $940 million in revenue from the charter of 12 container ships
Monk
CMA CGM has ordered six 1,700 TEU LNG containerships from Cochin Shipyard.
Marseille
By the end of the year, the number of Indian seafarers on board the French group's ships will rise to 1,500.
Cargo traffic at the port of Singapore grew by 13.0% last month.
Singapore
Containers amounted to 3,892,370 TEUs (+11.3%)
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
Britta Weber has been appointed as the new chief executive officer of the Hupac Group.
Noise
He is the current vice president of UPS Healthcare for Europe and Asia.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Saipem to acquire mobile offshore drilling unit for $272.5 million
Milan
Agreement with Norwegian Deep Value Driller
The 59th edition of the San Giorgio Award will be held in Genoa on February 20th.
Genoa
The Targa San Giorgio will be awarded to Gian Enzo Duci
Filt Cgil appeals against Cartour's authorization to carry out lashing and unlashing operations.
Medlog inaugurates a logistics park at Dammam's King Abdulaziz Port
Geneva
It occupies an area of over 100 thousand square meters
Manageritalia and Assologistica sign the renewal of the Ccnl managers of the logistics
Rome
Monthly gross earnings increase at 750 Euros in three tranche
Subscribed a binding agreement for the acquisition of Qube by Macquarie Asset Management
Sydney
It was unanimously approved by the Australian logistic group Cda
Meyer Turku completed the design of a cruise ship to zero net emissions
Turku
The main fuel is biomethanol
Last year the turnover of Kalmar grew by +1%
Helsinki
Operating income, net profit and new orders in increase respective of +26%, +28% and +8%
Terminal Investment Limited puts hands on the Peruvian port of Pisco
Lima
Acquired the Portuario de Paracas Terminal
Assagenti urges a more constant and timely information on the progress of the work of the new dam of Genoa
Grimaldi has taken delivery of the Grande Michigan
Naples
It is the eighth Pure Car and Truck Carrier ammonia ready of the Neapolitan group
Meeting between the presidents of the Maritime Federation and Assoporti
Rome
Mario Mattioli and Roberto Petri addressed the main issues of the maritime cluster
Morocco's Marsa Maroc participates in the development of the port of Monrovia
Casablanca
Contract for the management of two docks and the construction of a multipurpose terminal
South Korea's Pan Ocean buys ten VLCCs from compatriot SK Shipping
Seoul
Transaction valued at approximately $668 million
Stefano Messina has been confirmed as president of Assarmatori
Rome
He will also lead the shipowners' association in the four-year period 2026-2030
Roberto Mantovanelli has been appointed Secretary General of the Northern Adriatic Port Authority.
Venice
The 2026-2028 Three-Year Operational Plan for the Ports of Venice and Chioggia has been approved.
In 2025, Albanian ports handled a record traffic of 8.2 million tons of goods (+6.2%)
Tirana
A new peak in passengers also amounted to 1.7 million units (+6.4%)
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Livorno
Livorno Reefer to acquire stake in CSC
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
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
Filt Cgil, meeting on the importance of Article 17 of Law 84/94
Rome
It will be held tomorrow in Rome at the Frentani Congress Center
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
››› Meetings File
PRESS REVIEW
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
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