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06 December 2025 - Year XXIX
Independent journal on economy and transport policy
01:51 GMT+1
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BRIEFS
January 24, 2014
Sched Netweb site
  • Hapag-CSAV merger afoot, control seems settled, due diligence lies ahead
  • China earmarks US$104.08 billion on central, western railways in 2014
  • Panama Canal and lock builder in peace talks over new financing plan
  • Evergreen's Ever Summit rescues crew from sinking ship off Vietnam
  • Hutchison opens Brisbane Container Terminals to serve Oz east coast
  • Ship operating costs up, but sector's lost value keeps insurance down
  • NYK buys 100pc of car terminal in Kazakhstan as local car sales soar
  • Another train carrying crude oil derails - this one in Philadelphia
  • Ningbo tops Chinese cities for imports from Taiwan in 2013 under ECFA
  • Three Gorges cargo volume hits record 106 million tonnes in 2013
  • Busiest day came 6 days late, as compressed peak shrunk UPS profits
  • Henan provincial aviation sector to join recapitalisation of Cargolux
  • Amazon patents 'anticipatory shipping' to pre-empt customer buys

Exim Indiaweb site
JANUARY 23, 2014
  • Gujarat Junction 2014 a stupendous success in Gandhidham
  • Hapag-Lloyd, CSAV merger talks enter next phase
  • Indev Group's Xavier Britto honoured by the President of India
  • Essar Ports' net profit up 22 pc for the first three quarters
  • LuLu Group's commercial complex to attract more ships, says CoPT
  • Vasan reviews projects & performance, calls for expeditious implementation of policy changes during Kandla Port visit
  • Moody's pegs FY14 growth at 5.5 pc
  • Global engg services leader URS aggressively strengthening headcount of Indian operations in projects & infrastructure

International Transport Journalweb site
  • Launch of temperature-controlled China-Europe rail service
  • Israel Corporation's shareholding in Zim to be reduced
  • Etihad doubling Dublin service as well
  • Mapletree Logistics Trust with more revenue, less income
  • DFDS introduces new UK-Italy rail service
  • Ingrid Rossmeier representative for Southern Germany
  • Transaero increases cargo business volume
  • Transmec Group making constant effort to reduce CO2
  • VTG expanding tank container logistics sector
  • K+N and Destylarnia Sobieski extend seafreight pact
  • Troy Container Line extends services from Italy
  • New branch manager for Innsbruck and Röthis
  • Envirotainer opens station in Dusseldorf
  • Port users urge EU parliament not to dilute ports proposal

Marine Logweb site
JANUARY 23, 2014
  • Rem orders Arctic PSV at Kleven
  • January 23, 2014 Outlook positive for offshore, but tighter CAPEX

Lloyd's Listweb site
JANUARY 23, 2014
  • JP Morgan warns of 'pixie dust' in shipping's appeal to private equity
    Too much money is chasing too few deals, which could erode transaction quality
  • Talis Capital sees opportunity in smaller handysizes
    Foca tells Marine Money forum that private equity player expects 10 deals this year
  • Asphalt Venture Indian crew remain captive in Somalia
    Seven men held since September 2010
  • Panama parties agree to keep talking to resolve cost overrun dispute
    Authority and construction firms extend negotiations until February
  • Court orders STX subsidiary to repay its Chinese unit's debts
    South Korea group's shipbuilding division must pay $200m in guarantees
  • Finland reconfirms icebreaker order with Arctech
    European Union part-funds deal for dual-fuel vessel
  • Orders help consolidate China's shipbuilding industry
    Companies won newbuildings totalling 69.8m dwt in 2013, but 90% went to just 30 yards
  • CORRECTION: UK government outlines way forward for armouries
    Letter to maritime security lobby came from crime prevention minister Norman Lamb
  • Israel Corp outlines restructuring plan for Zim
    Parent offers shares to creditors and shipowners to reduce its own stake to 32%
  • GasLog raises $199m to buy BG gas carriers
    Livanos-led LNG owner sells shares to fund acquisitions
  • Experts bullish on prospects for dry bulk and tankers
    Analysts say rates will benefit from Chinese demand and low fleet growth
  • Shipping's secondary loan market heats up
    Buyers and sellers converge at 90 cents in dollar, conference hears
  • BMT helps port backers to assess competition and commercial risk
    Analytical tools show how distribution dynamics of cargo will shape profits
  • Banking sanctions restrict Iran-linked P&I payouts
    Moves to loosen Tehran trade restrictions have yet to ease payment of claims
  • German owners exposed to Zim's charter rate cuts
    Israeli line's financial restructuring will hit all creditors
  • PwC study shows a further slip in shipping's financial health
    Analysis of 150 companies' accounts reveals an average zero return on net assets
  • DHT buys two secondhand VLCCs
    Analysts blame lower fourth-quarter spot exposure for weaker than expected results
  • Panama Canal handles record tonnage thanks to strong US harvest
    Waterway tops predictions by 5% for fiscal year's first quarter
  • Japan shipyard export orders rise 57%
    Weaker yen lured foreign owners to book eco-efficient dry bulk ships last year
  • Textainer expands its owned box fleet
    Container leasing giant buys 30,000 teu equivalents
  • Hapag-Lloyd and CSAV sign MOU to merge box units
    Deal would create world's fourth-largest box shipping outfit and may see a Hapag-Lloyd IPO
  • Hamburg Süd buys abandoned Ship Finance International newbuilding
    German owner secures a discount of more than 20% from Shanghai Shipyard
  • The calm after the storm
    Things are looking up for insurers but greater discipline is required in the hull market

Fairplayweb site
JANUARY 23, 2014
  • Evercore debuts drybulk coverage
    Evercore analyst Jon Chappell, long known for his tanker research, has branched out into drybulk analysis and pegged Scorpio Bulkers and Safe Bulkers as his top picks
  • DHT weighs M&A options
    DHT will continue its fleet expansion and is now considering merger-and-acquisition opportunities, according to chief executive Svein Moxnes Harfjeld
  • Brightoil expects to return to profit
    Hong Kong-listed Brightoil Petroleum expects the last six months of 2013 to yield a profit, due to better performance in the oil trading and bunkering business
  • La Spezia bucks Eurozone inertia
    Italy's second-ranked container Port of La Spezia has defied the economic stagnation in the Eurozone by registering container traffic growth of 4.3% in 2013
  • Sea trade set to exceed 10Bn tonnes in 2014
    Sea trade may break through the 1 billion tonnes mark this year, delegates at the Marine Money Ship Finance Conference were told in London today (23 January)
  • Deiulemar Shipping bought for $111.83M
    Maltese registered Heron Ventures has acquired the dry bulk business of bankrupt Italian company Deiulemar Shipping for €82.5 million ($111.83 million) in a court-organised auction, according to the Italian news agency ANSA
  • Turkey cancels Derince port sale
    Turkey has cancelled its planned privatisation of the Port of Derince in Izmit province, northwest Turkey, after bidders failed to match the minimum $516M asking price for the port

The Journal of Commerceweb site
JANUARY 23, 2014
  • Express Carriers to Limit Shipments to Russian Consumers
  • Shanghai Retains Top Spot Among China's Ports
  • Analyst: CSAV, Hapag-Lloyd Merger Won't Reduce Industry Competition
  • Long Beach to Spend Millions on Port Improvements
  • Economy, Freight Demand to Improve in 2014, Experts Tell SMC3
  • Port of Charleston's Container Throughput Climbs
  • NJ Governor Signs NY-NJ Port Fee Repeal
  • Union Pacific's Profit Soars to All-Time High
  • Zim Debt Deal Paves Way for Ship Orders, Partnerships, IPO

TradeWindsweb site
JANUARY 23, 2014
  • M&A on the menu too
    DHT Holdings is on the lookout for more opportunities to expand its fleet of tankers, according to chief executive Svein Moxnes Harfjeld.
  • Guidry: 'there will be fuel'
    Gulf Coast Shipyard has launched the first of six dual-fuel platform-supply vessels (PSVs) that were ordered by US compatriot Harvey Gulf less than one year ago.
  • Khanna sets sights on IPO
    Pankaj Khanna's Pioneer Marine has added four newbuildings to its fleet as it builds up ahead of an initial public offering.
  • V for Volatility
    Freight rates are on the rise and the darkest days of the downturn have passed but there's a strong chance the bulker market will be more volatile than ever in 2014, Compagnie Maritime Belge (CMB) warned investors Thursday.
  • Laker owner's profit sinks
    Weather delays helped push American Steamship Company (ASC) into a 38% decline in its quarterly profit.
  • CMB goes stainless
    Compagnie Maritime Belge (CMB) has forged an alliance with an affiliate of diversified Belgian compatriot Cobelfret.
  • Bocimar bulks up
    Bocimar has firmed up a contract to construct five capesize bulkers at Imabari Shipbuilding in Japan.
  • No fear
    Owner's should not fear a shipping recovery being wrecked by the run of money from the capital markets and private equity, veteran banker Jeff Pribor says.
  • Haisheng hitting heights
    China Shipping Haisheng is expecting to announce a return to profit for 2013.
  • Ferry evacuated
    Passengers were being evacuated on Thursday from a Philippines ferry that had run aground.
  • Talis eyes ship buys
    London private equity firm Talis Capital is gearing up to swoop for at least six dry cargoships in 2014.
  • Forest crew transferred
    The crew of the abandoned bulker Rich Forest have been transferred on to a US Coast Guard (USCG) cutter in the Pacific.
  • Rem enters new arena
    Rem Offshore is looking to break into the harsh environment offshore market with its first winterized PSV newbuilding.
  • Norshore in bond bid
    Norshore has turned to the bond market for $150m to help pay for a newbuilding from Otto Marine.
  • "Window of opportunity"
    Oil tankers can do better this year than market fundamentals would suggest, ICAP head of tanker research Stavroula Betsakou predicts.
  • Capes set for spring surge
    Capesize owners should not to panic about a current slump in charter rates as they will boom by the spring.
  • Bumi fixes duo
    Malaysia's Bumi Armada has fixed two platform supply vessels (PSVs) into Angola for a potential $48m.
  • Clarksons takes two
    Clarksons has hired two brokers from Aquamarine Shipping Consultants as it set up shop in Uppsala, Sweden.
  • Yard buys Dohle bulkers
    Yangzijiang Shipbuilding has bought Peter Dohle's majority share in a quartet of jointly-owned panamax bulkers for just $5m.
  • Panama Canal hits peak
    The Panama Canal has recorded a record tonnage haul in its first quarter.
  • CMA CGM releases Rhino
    France's CMA CGM has launched a new feeder run to take advantage of growing cabotage opportunities in Mozambique.
  • Q-Ship seals $425m loan
    Qatar Shipping (Q-Ship) has clinched a new $425m loan to refinance four LNG carriers owned with Japan's big three.
  • Aggressive Keppel banks more
    Keppel Corp has seen its fourth quarter profit lifted thanks to a stronger showing from its Offshore & Marine division.
  • Zim eyes tie-ups as IPO back on
    Israeli container line Zim has finally confirmed details of its huge debt restructuring, which will see borrowing cut to between $1bn and $1.5bn from $3bn.
  • ATM boosts cash pile
    Frontline's upsized ATM offering will lift its cash position to $160m, a prospectus filed with US regulators shows.
  • GasLog banks $199m
    GasLog has ended $199m to the good following the completion of an equity issue and private placement.
  • Eastern promise
    Icelandic container line Eimskip has signed a cooperation deal with China's giant Cosco group.
  • Piracy clause amended
    Intertanko has amended its model piracy clause to take into account security issues specific to the Gulf of Guinea.
  • Maersk selling again?
    AP Moller-Maersk looks likely to sell another non-core business in the shape of oil and gas services operation Danbor.
  • Bijela on the block
    Montenegro is trying again to sell off Adriatic Shipyard Bijela.
  • Hammonia backs Mojo
    German shipowner Hammonia Reederei has agreed to finance and build the first of a new class of offshore construction vessel.
  • Kim Heng jumps on debut
    Kim Heng Offshore & Marine has raised SGD 36.4m ($28.9m) in net proceeds following a successful IPO in Singapore.
  • DHT picks up Gulf VLCCs
    A cash-strapped UAE tanker operator has been tipped as the seller of two VLCCs to DHT Holdings.
  • Prestige files IPO
    Private equity backed Prestige Cruises Holdings has filed with US regulators to raise up to $250m in an initial public offering (IPO).
  • DHT sheds the red
    DHT Holdings turned in a fourth-quarter profit Wednesday thanks in large part to the recent sale of a claim against bankrupt US tanker operator Overseas Shipholding Group (OSG).
  • Japan ends on high
    Japanese shipyards experienced a strong end to the calendar year with newbuilding orders remaining robust.
  • Al Gharrafa sheds cargo
    Al Gharrafa, the 215,000-cbm Q Flex LNG carrier involved in a collision off Singapore just before the New Year, is to have its cargo transferred to another Q-Flex LNG carrier, the 216,000-cbm Al Ghashamiya (built 2009).
  • Take two
    DHT Holdings has added two more VLCCs to its fleet of tankers in a transaction worth nearly $100m.

American Shipperweb site
JANUARY 23, 2014
  • Israel Corp. details restructuring plan for Zim
    In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim's parent company Israel Corp. outlined a "term sheet" for a financial restructuring of the container shipping company.
  • Transplace study finds fuel surcharge most common accesorial
    A benchmark study on transportation accessorials from Transplace has found that shippers are not always accurately applying fuel surcharge schedules to their domestic transportation process, among other findings.
  • Panama Canal tonnage reaches new high in Q1
    The Panama Canal Authority said it registered a tonnage record of 87.7 million tons during the first quarter of its fiscal year.
  • ATA: 2013 truck tonnage ends on 'high note'
  • Norfolk Southern sees quarterly, yearly gains
    "We're seeing the results of our investments in network capacity and technology enhance our ability to offer superior service to all of our customers," Norfolk Southern's CEO said.
  • FedEx, Nissan to test electric car in North America
  • MOL names new leadership
  • AAEI to tackle trade challenges at annual conference
  • Seaboard Marine expands in Florida
  • Hapag-Lloyd, CSAV plan to create fourth-largest container carrier
    Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
  • Gov. Christie signs bill that would end port cargo fee
    Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it eliminated.
  • Seago offers service connecting Aarhus and St. Petersburg
  • Executive moves

The Bunker Bulletinweb site
JANUARY 23, 2014
  • Private Equity fund sees shipping opportunity
    Strategy focused on young, fuel-efficient tonnage.
  • IFO prices soft in northwest Europe
    IFO prices soft in Rotterdam and Hamburg.
  • Tight avails in Fujairah
    Cape Town MGO: no avails.
  • Fuel oil ouput up at Russian refinery
    Bashneft-Novoil plant increasing fuel oil production.
  • Fuel oil stocks at two-and-a-half month low
    Singapore's onshore stocks fell down 5.4% in week to January 22.
  • Methanol driven tankers to include 'important safety measures'
    DNV GL sees methanol 'as part of the future energy mix for shipping.'
  • Moves afoot to establish glycerine as a marine fuel
    Meeting to hear results of glyercine-fuelled engine run.
  • Customers need to be warned on 2015 fuel costs
    'We're surprised that so few carriers have made announcements about ECA implications.'
  • 'Costly bunkers' could compromise safety
    Ferry sector should 'leave pay and conditions alone'.
  • Cruise ship design will 'significantly reduce' fuel consumption
    Bunker savings attainable by 'optimising the ship's hydrodynamics'.
  • Asian IFO prices northbound in trade
    Meanwhile, MGO traded without direction.
  • Equity firm seeks partners for bunkering project
    Investment could reach $380 million.
  • 'Taxes would bring transparency' to Nigerian bunker market
    Government's move to reform the bunker sector a 'good development', says expert.
  • Monjasa eyes Asian growth
    Staff numbers at Singapore to grow, says CEO.
  • LNG carrier completes engine upgrade
    Ship can now run on LNG, fuel oil or gasoil.
  • Evergreen confident of fuel-efficiency 'dividend'
    'Significant enhancing' of fuel efficiency in operations follows fleet renewal.

›››File
FROM THE HOME PAGE
SHIPPING
Shipowners call for suspending the application of the EU ETS to the maritime sector.
Brussels
Messina speaks of the ideological shortsightedness of a part of the Commission that relies on partial and imprecise market monitoring
PORTS
Federlogistica expresses concern over the proposed Genoese tax on maritime passengers.
Genoa
Concerns for the overall balance of the national port ecosystem and for the operational choices of shipowners
SHIPYARDS
SEA Europe disappointed by the failure to recognize the maritime manufacturing industry as a strategic sector for the EU
PORTS
Port of Palermo: Administrative violations amounting to one million euros related to boating and concessions
Palermo
Over 265 vessels used for rental purposes without mandatory insurance were identified.
EU transport ministers approve incentives for trucks by amending the directive on dimensions and weights.
INTERMODAL TRANSPORT
EU transport ministers approve incentives for trucks by amending the directive on dimensions and weights.
Brussels
Road haulage - CER, ERFA, RFF, UIP, UIRR and UNIFE denounce - can expect economic gains, but the company will have to wait for a reduction in the environmental impact of logistics.
SHIPPING
First LNG refueling of a ferry in the port of Genoa
Genoa
500 cubic meters of bioLNG delivered to the new vessel "GNV Virgo"
SHIPPING
ONE appoints new agency in Albania
London
Centralog Albania is based in Durres and will be fully operational by the end of the month
INSURANCE
Genoa-based shipping broker Lockton PL Ferrari expands its operations into other sectors.
Genoa
New segments Natural Resources, Oil & Gas and Construction & Real Estate
PORTS
Giampieri (Assoporti): Italy's widespread port system requires a single, stable control room.
Rome
The port reform - he stated - can be a great opportunity for all of us
AVIATION
Lufthansa Cargo and Swiss WorldCargo have signed a strategic cooperation agreement.
Frankfurt/Zurich
Synergies are expected in both the commercial and operational fields
TRADE
Agreement to end EU dependence on Russian energy
Brussels
The Council-Parliament agreement provides for a gradual but definitive elimination of Russian gas imports by the end of 2027.
ASSOCIATIONS
Assiterminal confirms its appeal to the Regional Administrative Court (TAR) regarding the indexation of concession fees.
Genoa
108 member companies reached
SEAFARERS
The ITF urges the Dutch Court of Appeal to correct its preliminary findings on maritime work.
London
PORTS
Port of Piombino, the regasification terminal has created both opportunities and obstacles
Livorno
Gariglio: It is necessary to know if and for how long the "Italis LNG" will remain in port.
SHIPYARDS
Fincantieri signs a memorandum of understanding on its production model and procurement.
Rome/Trieste
A step forward - underline Fim, Fiom and Uilm - for the regulation and control of the supply chain system
PORTS
The Port Authority of Genoa and Savona opposes the introduction of a three-euro municipal surcharge on ferry and cruise boarding fees.
Genoa
Cargo traffic in Chinese seaports grew by 3.8% last October.
PORTS
Cargo traffic in Chinese seaports grew by 3.8% last October.
Beijing
International volumes increased by 8.9%. Container traffic amounted to 26.4 million TEUs (+8.0%).
INSTITUTIONS
The composition of the International Maritime Organization's council has been renewed.
London
Rixi: Italy was once again the most voted nation
PORTS
Quarterly decline in general cargo traffic at the ports of Genoa and Savona-Vado
Genoa
During the July-September period, solid bulk cargoes also decreased. Liquid cargoes increased.
PORTS
The large port of Syracuse will be equipped with a new maritime station
LOGISTICS
Assologistica applauds the approval of the new rules on pallet exchanges.
Milan
Potential savings of at least 70 million euros are estimated
PORTS
Giuseppe Grimaldi confirmed as Secretary General of the Central Tyrrhenian Port Authority
Naples
Unanimous resolution of the Management Committee
INDUSTRY
Hiab acquires Brazilian loading crane supplier ING Cranes.
Helsinki
The company has 250 employees and a turnover of approximately 50 million euros.
SHIPPING
Norwegian MPC Container Ships' revenues fell by 5.0% in the third quarter.
Oslo
Net profit was $53.6 million (-15.8%)
PORTS
The Algerian port of Skikda will be equipped with a new 600,000 TEU container terminal
Algiers
It will be built as part of the oil port expansion project
PORTS
Port of Rotterdam plans offshore wind terminal
Rotterdam
A public consultation has been launched
SHIPPING
ZIM is evaluating several proposals for the purchase of the company
Haifa
Receipt of the offer submitted by Glickman and Ungar confirmed
SHIPPING
Hapag-Lloyd and Maersk have not set a date for the return of their ships via Suez
Copenhagen/Hamburg
SHIPPING
Maersk announces the return of its ships through the Suez Canal starting next month
Ismailia
In October, transits remained unchanged. A 16% increase is expected in November.
SHIPPING
After 2035, Russian cargo traffic on the Arctic route could decrease
SHIPPING
Diana Shipping offers to acquire all of Genco Shipping & Trading Ltd.
Athens/New York
Planned investment of $758 million for the remaining 85.2% of the capital
ASSOCIATIONS
At the IMO assembly, Rixi acts as a lobbyist for the party opposed to the European Union ETS system.
London
The election of the new council of the International Maritime Organization is on Friday.
LOGISTICS
Macquarie Asset Management submits an offer to acquire Australian logistics group Qube Holdings
Sydney
Proposal worth $7.5 billion
SHIPPING
HMM orders eight 13,400 TEU containerships from HD Hyundai Group
Seoul
Six will be built by HD Hyundai Samho and two by HD Hyundai Heavy Industries
Companies inform
Accelleron calls for cross-sector action to unlock carbon-neutral fuels for shipping
TRADE
G20 economies' merchandise trade growth in the July-September quarter
Paris
Exports and imports of services are also increasing
TRUCKING
Freewheels: New rules on payment times leave hauliers without protection.
Modena
They do not address - explains Franchini - the heart of the problem: the disproportion of bargaining power between clients and small carriers.
OFFSHORE
The Trump administration unveils a plan for the massive exploitation of offshore oil and gas fields.
Washington
The program covers areas of the outer continental shelf amounting to approximately 514 million hectares.
In the July-September quarter, ZIM's revenues decreased by -35.7%
SHIPPING
In the July-September quarter, ZIM's revenues decreased by -35.7%
Haifa
Fleet volumes fell by 4.5%. Performance in the Asia-Europe market was very negative.
SHIPYARDS
Fincantieri granted additional areas in the port of Ancona
Ancona
The company is committed to implementing a modernization and development program for the shipyard at the port of Portorož.
TRANSPORTATION
Assogasliquidi-Federchimica, LNG and bioGNL are strategic for the energy transition of shipping and road haulage.
Legora (Uniport): the objective of greater national coordination envisaged by the port reform is positive, but there is concern over the lack of dialogue
ASSOCIATIONS
Legora (Uniport): the objective of greater national coordination envisaged by the port reform is positive, but there is concern over the lack of dialogue
Rome
He underlined that discussion, vision and urgent interventions are needed for the competitiveness of Italian ports.
INTERMODAL TRANSPORT
New measures in Switzerland to promote the shift of freight from road to rail
Bern
They will be introduced to strengthen the new transalpine railway Alptransit and to encourage rail and intermodal transport
SHIPPING
HMM and BGN joint venture for liquefied petroleum gas transportation
Seoul
The new company will charter two new 88,000 cubic meter VLGCs
PORTS
Slight decline in freight traffic in the ports of Barcelona and Valencia in October
Barcelona/Valencia
Container cargo fell by -2.5% at both ports
PORTS
Green light for a new site for sediments from excavations in the Venice Lagoon.
Venice
SHIPYARDS
New expansion in sight for the Greek shipyard in Eleusis
Athens
Financial support from the US International Development Finance Corporation
PORTS
In the third quarter, freight traffic in the port of Hamburg grew by +3%
Hamburg
Container traffic on the rise thanks to increased transhipments
SHIPPING
In the July-September quarter, CMA CGM's revenues decreased by -11.3%
Marseille
Record volumes of goods transported by the container fleet
TRADE
The EU will abolish customs duty exemptions for goods worth less than €150.
Brussels
A temporary solution is being studied to make the measure effective as early as 2026.
SHIPYARDS
BIMCO: Legal disputes threaten to hinder progress in ship recycling industry
London
Over the next decade, 16,000 ocean-going vessels will have to be scrapped, more than double the number of ships scrapped in the decade just ending.
PORTS
Significant resources for the expansion of the port of Bremerhaven, also for military purposes
Bremen
Approved financing of approximately 1.35 billion euros
PORTS
In the July-September quarter, freight traffic in the port of Koper decreased by -4.9%
Ljubljana
Container growth
HMM reports a 23.8% decline in quarterly revenues
SHIPPING
HMM reports a 23.8% decline in quarterly revenues
Seoul
In the period July-September the fleet of the South Korean company transported over one million TEUs (+3.7%)
Hapag-Lloyd's revenues fell by 11.3% in the third quarter.
SHIPPING
Hapag-Lloyd's revenues fell by 11.3% in the third quarter.
Hamburg
The fleet transported more than 3.4 million containers (+6.1%). During the period, traffic handled by HHLA port terminals grew by +4.5%.
PORTS
Salvini signs the nomination of eight more presidents of Port System Authorities
Rome
The Chamber of Deputies approved Consalvo's appointment as president of the Eastern Adriatic Port Authority.
SHIPPING
Evergreen orders 14 14,000 TEU dual-fuel containerships
Taipei
Series of orders also for eight ship-to-shore cranes and other port equipment and for 90,500 containers
SHIPYARDS
In the third quarter, the value of new orders acquired by Fincantieri grew by +44%
Trieste
MSC Cruises orders two more World-class ships from Chantiers de l'Atlantique
CRUISES
MSC Cruises orders two more World-class ships from Chantiers de l'Atlantique
Geneva
The contract is worth €3.5 billion. Delivery will take place in 2030 and 2031.
SHIPPING
Evergreen, Yang Ming and WHL reported negative quarterly financial performances.
Taipei/Keelung
In the period July-September, revenues fell by -36.6%, -42.2% and -35.7% respectively.
PORTS
In the July-September quarter, cargo traffic in Croatian ports decreased by -4.4%
Zagreb
Passengers on scheduled services decreased by 1.5%. Cruise passengers increased by 7.8%.
In the third quarter, Eurogate and Contship Italia port terminals handled 3.6 million TEUs (+15.6%)
PORTS
In the third quarter, Eurogate and Contship Italia port terminals handled 3.6 million TEUs (+15.6%)
Hamburg
Historic traffic record in Wilhelmshaven
PORTS
In the first nine months of 2025, goods in the port of La Spezia increased by +4.5%
La Spezia
Growth of +6.9% at the port of Marina di Carrara
SHIPPING
Finnlines' revenues grew by 3.2% in the July-September period
Helsinki
Record passenger numbers onboard the fleet's ships. Cargo volumes decline.
SHIPPING
Houthi militias announce cessation of attacks on ships in the Red Sea
Riyadh
Letter from the Chief of Staff to the Hamas Qassam Brigades
PORTS
In the third quarter, traffic in the port of Venice decreased by -2.2%
Venice
Miscellaneous cargo is increasing. Bulk cargo is decreasing.
SHIPYARDS
Fincantieri to build ultra-luxury cruise ship for Regent Seven Seas Cruises
Trieste
Order from NCLH worth between 500 million and 1 billion euros
SHIPPING
Today Washington and Beijing suspended their mutual measures against ships
Beijing/Washington
Application of additional taxes postponed by one year
SHIPPING
The Suez Canal was crossed by the largest container ship in the last two years
Ismailia
The transit of the "CMA CGM Benjamin Franklin" on Saturday
SHIPPING
EU shipping emissions hit record levels, T&E reports
Brussels
The association reiterates its proposal to extend the ETS to smaller vessels
PORTS
In September, freight traffic in the port of Ravenna increased by +18.3%
Ravenna
In the third quarter of 2025, growth was +10.6%. A +58% increase in cruises is expected in 2026.
PORTS
In the first nine months of 2025, freight traffic in the ports of the Southern Adriatic system decreased by -7%
SHIPPING
Sea-Intelligence: Marked deterioration in the westbound transatlantic shipping market
Singapore
ACCIDENTS
Last year, 13 seafarers died in accidents involving EU vessels.
Luxembourg
Nine deaths occurred on board fishing vessels
TRANSPORTATION
The European Parliament and the Council have reached an agreement on the calculation of greenhouse gas emissions from transport.
Brussels
Incentives are foreseen for small and medium-sized enterprises
AWARDS
The English port of Shoreham has won the ESPO Award for Social Integration of Ports.
Brussels/Rome
Assoporti received a special mention for its project on gender inequalities.
In the third quarter, the Ocean division of the Maersk group recorded a decrease in revenues of -17.4%.
SHIPPING
In the third quarter, the Ocean division of the Maersk group recorded a decrease in revenues of -17.4%.
Copenhagen
Container ship volumes increased by 7.0%. The Danish company highlights the benefits of the VSA Gemini Cooperation.
FREIGHT TERMINALS
The Chamber of Deputies has approved the final text of the proposed law on interports
Rome
Applause from the United Interports Union
TRANSPORTATION
ECSA and T&E welcome the STIP plan presented by the European Commission
Brussels
CER applauds measures to accelerate the development of high-speed rail
PORTS
Only one proposal admitted to the competition for the construction of mooring points outside the protected waters of the Venice lagoon
Venice
It will now have to be developed by the proposing entity
TRANSPORTATION
The European Commission presents the plan to ensure the sustainability of maritime and air transport by guaranteeing the production of the necessary alternative fuels
Brussels
The one to accelerate the development of high-speed rail is also ready
In the third quarter, naval traffic in the Suez Canal grew by +2.5%
SHIPPING
In the third quarter, naval traffic in the Suez Canal grew by +2.5%
Cairo/Ismailia
10.6% increase in transits in September
RAILWAY TRANSPORT
The first freight train opens the new Austrian Koralm railway line.
Villach
The infrastructure is part of the European Baltic-Adriatic Corridor
RAILWAY TRANSPORT
Lineas and FS Logistix have inaugurated the Modalink terminal joint venture.
Antwerp
Five weekly train rotations between Antwerp and Milan
COMPANIES
Marcel Theis will be the new CEO of SBB Cargo International from January 1st.
Olten
He will take over from Sven Flore
PORTS
In October, freight traffic in the port of Ravenna grew by +13.4%
Ravenna
A rise of +14.5% is expected in November
PORTS
The conflict over the Genoa Municipality's additional tax on port boarding fees is escalating.
Genoa
Assarmatori, Assagenti, CLIA, Confindustria Genova and Confitarma will not participate in the technical meeting announced by the mayor.
INFRASTRUCTURE
Bulgaria, Greece, and Romania reach agreement on enhanced cooperation within the Black Sea-Aegean Corridor
Brussels
Acceleration of implementation of transport axis projects expected
PORTS
The Port of Barcelona plans to halve its CO2 emissions by 2030
Barcelona
Private investments of 920 million euros and public investments of 780 million are expected.
SHIPYARDS
Fincantieri reaches agreement with Bahraini ASRY to collaborate in the shipbuilding sector
Trieste
They will evaluate opportunities for the construction of naval vessels and offshore units
PORTS
Salis: The municipal surcharge on boarding fees will not lead to any reduction in traffic.
Genoa
The mayor of Genoa recalls that similar measures have already been activated in other port cities
FREIGHT TERMINALS
In the first year of operation, 750,000 tons of goods passed through the Parma Interporto railway terminal
Parma
Over 800 trains moved
SHIPPING
The five ships put up for sale by Moby were sold for €229.9 million.
Vicenza
A bid equal to the starting price was submitted
PORTS
PSA Italy expects to close 2025 with further growth in container traffic
Genoa
LOGISTICS
Brussels approves African joint venture between MSC and NYK
Brussels
European Commission clears Yusen Logistics' acquisition of Movianto International
NEWS
Port of Genoa fines luxury cruise megayacht Vidantaworld's Elegant
Genoa
Serious violations of European ship recycling legislation found
PORTS
Consalvo appointed president of the Eastern Adriatic Sea Port Authority
Trieste
He is the general manager of Aeroporto Friuli Venezia Giulia Spa
PORTS
Promoting sustainable development and the energy transition process of the Port of Taranto
Taranto
This is provided for in an agreement between the AdSP of the Ionian Sea and GSE
PORTS
The Northern Tyrrhenian Port Authority (APSP) will be in Oran to present its Mediterranean Green Corridors development project.
Livorno
Among the objectives, the consolidation of relations with Algeria
PORTS
The tender for the railway shunting service in the ports of Savona and Vado Ligure has been published.
Genoa
The concession duration is set at 60 months
PORTS
In 2024, passenger traffic in European Union ports increased by +6.2%
Luxembourg
The three ports with the highest traffic volume are Italian
SHIPPING
GSL invests $90 million to buy three 8,600 TEU containerships built in 2010 and 2011
Athens
Youroukos: They are the cash cows of the future
RAILWAY TRANSPORT
RCG launches intermodal link between Bosnia and Herzegovina and the port of Koper
Vienna
The train service to Tuzla is weekly.
PORTS
The Ministry of the Interior announces an inter-ministerial meeting for the early exodus of port workers.
Rome
The goal is to identify a definitive solution within a certain timeframe.
SHIPPING
Christening and delivery of a new PCTC of the Grimaldi Group
Naples
The "Greater Istanbul" has a cargo capacity of 9,241 CEUs
SHIPPING
GNV strengthens its ferry service on the Naples-Palermo route.
Genoa
By December 19, the capacity on the line will increase to over 6,000 linear meters
PORTS
The Marseille-Fos Port Authority will invest €1-1.3 billion by 2029.
Marseille
Agreement with MSC for the expansion of the Fos 2XL container terminal
PORTS
Port workers are holding a demonstration in Rome today to demand the establishment of a Fund to support the exodus.
Rome/Genoa
MEETINGS
The general assembly of the Sustainable Intermodal Logistics Association will be held tomorrow in Rome.
Rome
The meeting at the Auditorium Parco della Musica
PORTS
Cisl and Fit Cisl Savona, for Vado Gateway 2025 has proved to be a substantially positive year
Savona
Seeking opportunities with the reopening of the Suez Canal and the recovery of some markets
PORTS
In the first nine months of 2025, freight traffic in the port of Tanger Med grew by +14.9%
Anjra
118 million tons of cargo moved
SEAFARERS
Assarmatori welcomes the new regulations, which are very important for shipping companies and maritime workers.
Rome
SEAFARERS
Zanetti (Confitarma): The Simplification Decree offers more modern tools to our businesses.
Rome
Listen - he underlined - to the needs of our industry
MEETINGS
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
SEAFARERS
National Maritime Fund: The House of Representatives approved the legislation.
Genoa
D'Amato: Measures expected for our seafarers and the competitiveness of the national fleet
NEWS
Potassium permanganate seized at the Port of Genoa as part of the fight against drug trafficking.
Genoa
Operation by the Customs and Monopolies Agency and the Financial Police
SHIPYARDS
Fincantieri cancels orders for four U.S. Navy frigates
Trieste
Further orders are expected for the construction of new classes of naval units
PORTS
The Northern Tyrrhenian Port Authority met with the port cluster to discuss the new sustainability report.
Livorno
EDUCATION
The Italian Merchant Marine Academy celebrates its first 20 years
Genoa
During this period, 3,660 students from all over Italy graduated.
FINANCING
Crédit Agricole Italia financed the construction of the Grande Tianjin ship for Grimaldi Euromed.
Naples/Parma
SHIPPING
Hapag-Lloyd expects next 45% increase in EU ETS surcharge
Hamburg
The Emissions Trading System will enter into full force on January 1st.
SHIPYARDS
European Commissioner Tzitzikostas visited the Monfalcone shipyard
Trieste
Upcoming measures announced to strengthen the sector's competitiveness, resilience, innovation, and technological leadership.
SHIPYARDS
The trial against Damen for alleged corruption and sanctions violations begins today
Amsterdam
The company expresses disappointment with the protracted investigation and anticipates a lengthy legal battle.
PORTS
AD Ports Group has acquired a 19.3% stake in Egypt's Alexandria Container & Cargo Handling Co.
Cairo/Abu Dhabi
Saudi Egyptian Investment Company's share purchased
SHIPPING
Corsica Sardinia Ferries has purchased the Stena Vision ferry
Vado Ligure
It will be renamed "Mega Serena"
PORTS
In 2024, the turnover of the main Italian port container terminals grew by +8.1%
Milan
Traffic increased by +3.4%
PORTS
Work has begun to increase container traffic capacity at the port of Thessaloniki by 40%.
Thessaloniki
The expansion of Pier 6 will be completed in 40 months
NEWS
A precautionary seizure of over €100 million has been ordered against Liberty Lines.
Trapani
RAILWAY TRANSPORT
BLS Cargo urges Switzerland to exert tangible pressure on German rail infrastructure stakeholders.
Bern
The company denounces the dire situation of transalpine rail freight transport. Further incentives requested.
PORTS
Livorno is confident in the additional one hundred million euros promised by Salvini to build the Darsena Europa.
Livorno
Salvetti: I asked how we intend to proceed with the future assignment to private individuals who have expressed interest.
PORTS
The Chinese embassy in Greece responds to alleged American ambitions in the port of Piraeus.
Athens
Beijing speaks of a Cold War mentality and a hegemonic logic
INTERMODAL TRANSPORT
The procedure for requesting access to the third year of the Sea Modal Shift grant has been activated.
Rome
Applications must be submitted by December 17th
CRUISES
US cruise group Viking reports strong quarterly performance growth
Los Angeles
The July-September period closed with a net profit of 514.0 million dollars (+35.4%)
ASSOCIATIONS
Guido Pietro Bertolone is the new president of Fedit
Rome
He takes over from Giuseppe Cela, outgoing president and currently head of Fedit Servizi
PORTS
Latrofa (AdSP Lazio): the ZLS will make our ports even more attractive for investors, logistics operators, and businesses.
Civitavecchia
The tool - he highlighted - can lead to a qualitative leap in terms of logistical and industrial competitiveness
PORTS
Container traffic continued to decline at the ports of Los Angeles and Long Beach in October
Los Angeles/Long Beach
Cordero: Consumers will likely see price escalation in the coming months
ASSOCIATIONS
Pasquale Legora de Feo has been confirmed as president of Uniport
Rome
New Technical Commission for "Cruises and Passengers" established
PORTS
The expansion of the Suez Canal Container Terminal was inaugurated on Sunday.
Port Said
Capacity increase of 2.2 million TEUs per year
LOGISTICS
Katoen Natie to acquire 80% of French firm Bils-Deroo Solutions
Luxembourg
The logistics company has nearly 1,500 employees
SHIPPING
Danaos Corporation closed the third quarter with a net profit of $130.6 million (+6.2%)
Athens
Revenues up 1.8%
INFORMATION TECHNOLOGY
In the first nine months of 2025, Circle's production value increased by +80%
Milan
As of September 30, the value of the group's multi-year backlog had grown by +66%.
PORTS
APM Terminals to build and operate Laldia Container Terminal at Chittagong Port
Dhaka/The Hague
30-year concession contract signed
SHIPPING
MPCC orders four new 4,500 TEU containerships from China
Oslo
The contract unit price is $58 million.
PORTS
In October, the port of Singapore handled 31.2 million tonnes of containerized cargo (+1.0%).
Singapore/Hong Kong
In the port of Hong Kong, traffic amounted to 1.1 million TEUs (-6.9%)
LOGISTICS
DHL Group revenues decreased by 2.3% in the third quarter
Bonn
Net profit was 888 million euros (+9.5%)
SHIPYARDS
Fincantieri and KAYO sign agreement for the construction and maintenance of military vessels in Albania.
Trieste
PORTS
CMA Terminals (CMA CGM Group) to acquire 20% of Container Terminal Hamburg
Marseille/Hamburg
Agreement with the German Eurogate
PORTS
The Municipality of Civitavecchia denounces that the Fiumicino cruise port project undermines the foundations of the law on ports
Rome/Civitavecchia/London
The project - Cruise Terminals International underlines - will be a pillar of the sustainable development of Fiumicino
NEWS
Over 175 kilos of cocaine seized at the port of Gioia Tauro.
Reggio Calabria/Cagliari
Over 8,500 counterfeit items intercepted at Cagliari's Porto Canale
SHIPPING
Global Ship Lease reports record quarterly revenue again
Athens
Youroukos emphasizes the solidity and excellent prospects of the small and medium-sized containership market
PORTS
In the third quarter, Montenegro's ports handled 675 thousand tons of goods (+4.1%)
Podgorica
80.0% growth in cargoes to Italy
MARITIME SERVICES
Svitzer acquires 66.6% of Norwegian towing company Buksér og Berging
Copenhagen
It has a fleet of approximately 35 tugboats and 25 pilot boats
SHIPYARDS
The keel-laying ceremony for the new oceanographic vessel Arcadia took place in Piombino.
Piombino
Construction entrusted to T. Mariotti
PORTS
The Management Committee of the Central Adriatic Port Authority has approved the 2026 budget forecast.
Ancona
An administrative surplus of 32.2 million is expected
CRUISES
Cruise passenger traffic at GPH terminals stable in the summer quarter
Istanbul
1,503 stopovers were recorded (+9.6%) for a total of 4.66 million passengers (+0.8%)
MEETINGS
The UNIPORT public meeting will be held in Rome on November 19th.
Rome
Among the topics at the centre of the meeting was the port system reform project.
SHIPPING
Ocean Network Express establishes its own shipping agency in Greece
Singapore
It will take over the activities of the ENA Shipping Agency
SHIPPING
Regional Container Lines orders two new 14,000 TEU containerships from KSOE
Bangkok/Seongnam
SHIPPING
MSC includes calls at Bremerhaven, Limassol and Beirut in the Levante Express service
Geneva
The line connects Northern Europe with the Mediterranean
PORTS
AD Ports to acquire 20% stake in Latakia International Container Terminal
Abu Dhabi
Agreement with the CMA CGM shipping group
PORTS
The Eastern Liguria Port Authority approves the 2026 budget and three-year plan.
La Spezia
The decree has been signed to begin construction on the new high-voltage electricity grid in the port of La Spezia.
PORTS
A new SDC Customs Service Containers warehouse has opened in Porto Marghera.
Venice
It will be used for the storage and movement of goods at room temperature
COMPANIES
Moby is selling five ferries at a starting price of €229.9 million.
Vicenza
Sale and lease-back agreement expected for two of the vessels
SHIPPING
d'Amico International Shipping's quarterly financial results decline
Luxembourg
Mottola Crossbow: The fundamentals of the tanker industry remain solid.
COMPANIES
ICTSI posts record quarterly financial and operating performance
Manila
In the period July-September, container traffic in the group's terminals grew by +12.3%
COMPANIES
Denmark's DFDS to cut 400 jobs
Copenhagen
The group is looking for a new CEO. Record revenues were recorded in the July-September quarter.
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
MEETINGS
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
MEETINGS
The National Maritime Fund has organised a meeting with the ITS Mare and the maritime training centres
Rome
It will be held on December 3rd in Rome
››› Meetings File
PRESS REVIEW
Three UAE Firms Eye Investment In Kenya's Port, Renewable Energy, And Shipping Projects
(Capital FM Kenya)
Foreign firms to operate 3 terminals under Ctg Port for up to 30 years; deals by December
(The Business Standard)
››› Press Review File
FORUM of Shipping
and Logistics
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
LOGISTICS
CEVA Logistics has completed the acquisition of Turkey's Borusan Logistics.
Marseille
Operation worth 383 million dollars
LOGISTICS
1,100 cars from the Chinese car manufacturer Dongfeng were unloaded in the port of Livorno
Livorno
Traffic is managed through the "Il Faldo" logistics area operated by XCA
TRUCKING
Assiterminal, the MIT note clarifies that the 90-minute grace period applies only to waiting times
Rome/Genoa
Ferrari: The Conference of Port Authority Presidents could consider a sort of national program agreement.
COMPANIES
Harren assigns a single brand to its heavy lift companies
Bremen
The fleet of 80 vessels will be operated under the single SAL brand.
SHIPPING
Wallenius Wilhelmsen's revenues fell by 2% in the third quarter.
Lysaker
Net profit was $280 million (+8%)
PORTS
ESPO has presented its new annual environmental report
Brussels
Climate change remains the top priority for European ports to address
PORTS
Over €60 million from the PNRR for the ports of Naples and Salerno
Rome
Rixi: Let's make more effective use of European resources and accelerate the implementation of strategic projects.
EDUCATION
Agreement between Escola Europea and DLTM to promote international mobility and maritime training
La Spezia
Synergies between the Ligurian maritime cluster and the port and training community of Barcelona
SHIPPING
CMA CGM to register ten new 24,212 TEU containerships in the French International Register
Marseille/Copenhagen
The company will take delivery of them starting from 2026
LOGISTICS
UPS has completed its acquisition of Canada's Andlauer Healthcare Group.
Atlanta/Toronto
Operation worth 1.6 billion dollars
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