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Independent journal on economy and transport policy
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BRIEFS
September 29, 2014
Sched Netweb site
  • 'K' Line fined US$67 million for ro-ro price fix, July share sale pays bill
  • Asia-Europe off 9.9pc to US$822/TEU, transpac down 7.5pc to $1,930/FEU
  • OOCL cancels Asia to US west coast sailing on CC2 Service
  • Shenzhen to offer US$32.6 million annually to cut ship, port emissions
  • Piraeus-Taranto shuttle from Evergreen, Piraeus-Marmara reorganised
  • US Commerce Department ups GDP estimate 4.6pc in second quarter
  • US protectionists appeal to Obama Administration to end fast track trade deals
  • Asia to US container traffic surpasses 1.3 million TEU in August
  • Air France caves to pilots on low-cost airline as Lufthansa strike looms
  • Nippon Cargo Airlines settles with class action plaintiffs in New York court
  • American Airlines expands cargo services in Florida, adding Jacksonville

Exim Indiaweb site
SEPTEMBER 26, 2014
  • Allcargo Logistics completes phase II of environment conservation campaign in tribal hamlets of Mumbai
  • Ashish Pednekar elected BCHAA President for 2014-16
  • Capt. K. Devadas appointed SCI's Director (Technical & Offshore Services)
  • CSLA AGM held
  • Maersk Line plans sizeable capex on newbuildings
  • MOL continues to be included in green, social indices
  • SAL vessel deftly loads super ODCs at Adani Hazira Terminal
  • NTPC to import 5 mt of coal for seven power plants
  • Plexconcil to tap West Asian, African markets
  • Spices exports up by 35 pc at 2,71,280 t during April-July
  • Govt asks Major Ports to deepen draught to 18 m
  • Tea traders worry over Cochin Port's decision to hike lease rent rates
  • Trade unions oppose corporatisation of Major Ports
  • VPT handles all-time high 22,053 t of manganese ore in a day
  • DHL Express announces 2015 rate adjustments
  • Konkan Rly's earnings from RoRo service up by INR 15 cr. in 2013-14
  • Road projects to be fast-tracked
  • Forex reserves drop to $ 315.59 bn
  • Govt extends period for duty-free import of pulses
  • MSRA urges govt to check imports of non-standard steel from China
  • Simplify procedures in new FTP: Fieo urges govt
  • State elections to delay FTP
  • Textile buying agents urge govt to waive service tax
  • CMA CGM at Breakbulk Americas
  • Jacksonville port gains in heavy lifting
  • Mammoet lifts space shuttle to new height
  • Port of Everett boosts break-bulk handling capability
  • Underwater rescue in US by Crane Rental Corporation

International Transport Journalweb site
  • And the international truck of the year 2015 is...?
  • BDP strengthens India presence
  • Elflein an eco champion
  • Railway technology market - robust growth and fierce rivalry
  • Maskargo to serve Zhengzhou
  • Kielgast adds NPorts to his roster
  • AAS embracing Nippon Express
  • Port of Esbjerg launches tender for new combi terminal
  • New PPL Net member in China
  • Investments to augment Poland's rail operations
  • New director for Yusen Brazil
  • Kuka snaps up Swisslog
  • Full AEO status for port of Felixstowe
  • Saudia Cargo selects new GSSA in India
  • US railroad investing in Nebraska's rail infrastructure
  • Flächen deckende Investitionen
  • Evergreen expanding Asia-South Africa network

Marine Logweb site
SEPTEMBER 26, 2014
  • Edison Chouest Offshore's new 300 ft Class PSV
  • K-Line cops plea, agrees to $67.7 million fine
  • DDG 1000 marks another milestone
  • Panama Canal Authority issues Ebola advisory
  • DNV GL issues guidance on jacking gear
  • Siem to acquire German shipbuilder FSG
  • HII awarded $11.4 million for nuclear sub work
  • NASSCO Earl awarded $14.4 million contract mod
  • BAE San Diego gets $35.2 million for DDG 91 work
  • Electric Boat awarded $310.7 million contract mod

World Wide Shipperweb site
SEPTEMBER 26, 2014
  • Port of Seattle releases August container numbers
  • US rail freight traffic delivers weekly gains
  • Evergreen expanding presence in Asia/South Africa market
  • Trade between NAFTA partners climbs during month of July
  • Inchcape Shipping Services gives Chile oil spill report

Lloyd's Listweb site
SEPTEMBER 26, 2014
  • China pays more than $3m to charter a suezmax to carry Libyan crude
    Unipec books Teekay tanker to load a larger than usual shipment at Es Sider on Saturday
  • West Africa-Europe fixtures highlight a shift in suezmax crude trades
    Oil shipments to the US dominated previous deals
  • Pangaea poised for reverse merger pathway to Nasdaq
    US-based operator takes delivery of first of six newbuildings ahead of key vote
  • Felixstowe gains Authorised Economic Operator status
    Recognition marks simplified customs procedures and brings commercial benefits
  • Carriers team up on Asia-South Africa
    Coscon and Evergeen join forces with K Line, MOL and PIL on respective services
  • Asia-Europe rates hit an 11-month low
    No let-up as key trade lanes' container prices continue to slide ahead of Golden Week
  • West African suezmax earnings soar $6,000 in a day
    Spate of charters creates hot market
  • Mediterranean trafficking gangs dump boat people near passing ships
    Norwegian Shipowners Association says its vessels rescue hundreds of stranded migrants
  • Let the ballast water convention carry weight
    Governments must shore up standards for systems that block the spread of alien species
  • Australian union plans stop-start working at DP World terminals
    Operator says the disruption is neither required nor deserved
  • Scorpio Tankers newbuildings start charters at $14,750-$30,000 per day
    New York-listed owner agrees to charter in a 2015-built product tanker
  • Ocean Three on target for 2014 launch
    Carriers hope to file agreement with US regulators soon
  • Höegh LNG extends charter for vintage vessel by 12 months
    Gas Natural deal offers a decent rate despite a challenging freight market
  • Waiting for Vale's shot in the arm
    Brokers see possibility of a boost if miner's spot market appetite returns
  • Week on Wall Street | September 26
    Math in a vacuum in the box line market, as the dry recovery looks all wet

Sea-webweb site
SEPTEMBER 26, 2014
  • Pangaea nears US stock listing
    Dry bulk operator Pangaea Logistics could soon begin trading on NASDAQ, pending a reverse merger with blank-cheque company Quartet. Quartet Merger Corp raised $98.5M via an IPO and private placement in November 2013 and listed on NASDAQ. Proceeds are being held in escrow until an acquisition is
  • OSG presses suit vs Proskauer Rose
    New York State Supreme Court Justice Jeffrey Oing has ruled that OSG's malpractice claim against its former outside counsel Proskauer Rose can proceed. As previously reported by IHS Maritime, tanker owner OSG initially filed suit against Proskauer Rose in US federal court in November 2013, alleging
  • Singapore ramps up challenge to London
    Singapore is stepping up its challenge to London as a shipping hub by boosting its involvement in marine insurance and ship finance. Singapore Shipping Association president Patrick Phoon told the association's annual dinner today that working groups had been established to look into the issue. In
  • UPDATE: Nunavik attempts Arctic Northwest Passage voyage - day 8
    As predicted Canadian icebreaker Nunavik did meet continuous new ice coverage yesterday and as we can see from the chart, the speed has dropped slightly from 12.5 to 9.8 Knots. Next part of passage is through the Prince of Wales Strait which is only 4 miles wide at the narrowest. Fednav believe
  • Vale and CMES strike VLOC deal
    Brazilian mining company Vale and China Merchants Energy Shipping (CMES) have agreed to co-operate in iron ore shipping, with the latter to order 10 very large ore carrier (VLOC) newbuildings. Vale and CMES have agreed a contract of affreightment for 25 years. This will be serviced by the 10 new
  • World Maritime Day urges convention ratification
    This year's World Maritime Day has underpinned the importance of ratifying key safety and security conventions. The theme, 'IMO conventions: effective implementation', was chosen as a way to shine a spotlight on IMO treaty instruments that have not yet come into force. Koji Sekimizu,
  • CMA-CGM sets up support centre in Sri Lanka
    CMA-CGM is investing $2.4M to set up a shared service centre in Sri Lanka. This will initially have 750 staff and will support the group's back-end operations for the Asia-Pacific and European regions. It will later expand to serve clients globally. The facility, to be called CMA-CGM Shared
  • China yard official calls for cheaper labour
    China's shipyards should learn from their global competitors and tap cheaper foreign labour, a yard executive has urged. Dengpan Gao, chief engineer of Fujian Southeast Shipyard, told the Offshore Support Vessels Summit China forum that subcontracting new orders to "foreign countries awash with
  • Australia gets tough on groundings
    Australia Maritime Safety Authority chief executive Mick Kinley has warned that the Australian public has a zero tolerance to any environmental damage by shipping. Kinley was speaking on his first official engagement as CEO at an Australian Shipowners' Association luncheon commemorating World
  • 'K' Line sets up cold storage business in Vietnam
    Kawasaki Kisen Kaisha ('K' Line), Japan's third biggest shipping company, will establish a cold storage business in Vietnam with Cool Japan Fund and Japan Logistics Systems. The business will be in the outskirts of Ho Chi Minh. In Vietnam, further expansion of Japanese retail businesses, such as
  • TSC Group to raise $19M
    Hong Kong-listed TSC Group, an offshore solutions provider of drilling packages, plans to raise about HKD$144M ($19M) by selling bonds to replenish its working capital. The bond will carry a coupon rate of 5% and mature on 3 April 2018, a stock filing of TSC Group said. The company needs capital
  • Capesize rates fall on dearth of cargoes
    Capesize rates slid for a third straight week due to thin cargo volumes in Australia and Brazil. The Western Australia-China rate averaged $7.418/tonne as of yesterday's Baltic Capesize Index, compared to $7.85/tonne last week. The Brazil-China route averaged $19.775/tonne yesterday, down from
  • Hanjin Shipping to issue $9.2M in convertible bonds
    Hanjin Shipping, South Korea's biggest shipping company, announced on 26 September that it would issue convertible bonds to raise KRW9.6Bn ($9.2M) for working capital. KDB Daewoo Securities, Samsung Securities, Woori Investment & Securities, Mirae Asset Securities, and Hyundai Securities will each
  • 'K' Line eyes offshore expansion
    Kawasaki Kisen Kaisha ('K' Line), Japan's third biggest shipping company, has revealed plans to build up its capabilities in the offshore marine sector. Company CEO Jiro Asakura stated in its latest annual report that while 'K' Line has stable earnings from its strength in drybulk carriers, car
  • Hanjin Shipping sells Algeciras terminal for $140M
    Hanjin Shipping will sell 75% of its stake in its dedicated terminal in Algeciras, Spain, to a consortium comprising IBK Investment & Securities and Korea Investment Partners for KRW146.1Bn ($140M). The South Korean biggest shipping company will hold on to its remaining 25% stake by investing
  • Asia-South Africa trade network expands
    Taiwanese carrier Evergreen announced yesterday that it would adjust its current joint service with COSCO and contribute vessels to the services operated by K Line, Mitsui OSK Lines (MOL) and Pacific International Lines (PIL), starting October. The carrier will deploy two 4,200teu vessels on the
  • Dawei port plans revived
    Dawei, the long stalled mega-port in Myanmar looks set to be revitalised with an official visit by Thai prime minister, the military general Prayuth Chan-ocha. Next month's official visit, the first overseas trip since the Prayuth-led coup seized power in May, will have Dawei on the agenda
  • Chinese company wins Israel port construction deal
    China Harbour Engineering Company (CHEC), a global leading engineering contractor, has won the contract to build a new port in Ashdod, Israel, reported local media. The NIS3.3Bn ($930M) port will be built about 1km north off the current Ashdod Port, consisting of a 1,000m pier and 2,80m breakwater.
  • Direct India-Myanmar shipping link imminent
    There will be a new cargo ferry service next month between India and Myanmar, as trade links between the two countries start to grow. "I am happy to share that the Liner Division is poised to launch a new container service to Myanmar in the first week of October 2014," Arun Kumar Gupta, chairman and
  • Old large gas carrier secures record rate
    A 21-year-old large gas carrier has secured a historically high rate for a year-long timecharter. Brokers told IHS Maritime that BW Group's 1993-built 57,139m³ BW Havis has been fixed to Singapore-based LPG trading house Petredec for $1.5M per month for 12 months. LGCs typically carry between
  • Chemical tanker rates to pick up
    Chemical tanker brokers expect upwards movement in freight rates for Southeast Asian palm oil shipments to China and India, especially the west coast of the latter country. Singapore-based chemical tanker broker SPI Marine has assessed average freight rates at $35.50/tonne for 12,000-tonne parcel
  • Nha Trang Port to come under provincial control
    Vietnam's Ministry of Transport has told Vietnam National Shipping Lines (Vinalines) to complete transferring Nha Trang Port to the provincial government next month, the Vietnam Ports Association (VPA) has said on its website. The port would be developed to handle international cruise ships and

The Journal of Commerceweb site
SEPTEMBER 26, 2014
  • UASC's CEO says alliances will stabilize market
    United Arab Shipping Co. expects that as mega-alliances increasingly consolidate the container shipping market, freight rates will stabilize, which could be bad news for shippers. UASC's president and CEO, Jorn Hinge, said in an interview with The Wall Street Journal today that he expects less volatility in freight rates as smaller...
  • Ryder expands in Mexico as cross-border automotive business grows
    For insight into Mexico's economic future, consider a trip to the Bajío. The region of north-central Mexico is one of the fastest growing parts of the country, and the recipient of significant direct foreign investment, particularly from automotive manufacturers. El Baj'o is on its way to becoming one of the...
  • Union Pacific track reopened after freight train collision
    Courtesy of the Kansas Highway PatrolUnion Pacific has reopened a portion of its central-Kansas railway after two trains carrying containers collided. Investigators from the National Transportation Safety Board were on the ground on Friday in McPherson County, Kansas, about 50 miles north of Wichita, investigating the crash. Officials told JOC.com it...
  • Chassis fingered as biggest of many problems at LA-Long Beach
    Chassis shortages, huge cargo discharges from big ships and a labor force that is stretched to the limit are contributing to a congestion problem that Los Angeles-Long Beach can't seem to shake. But chassis seem to be the main culprit. "The consensus is that chassis are the most immediate concern," said...
  • Hundreds protest against Nicaragua Canal
    Roughly 500 Nicaraguan farmers protested against the Nicaragua Canal this week, angered that the $40 billion plan includes the seizure of their land. "We do not want the canal to be built. Nobody should come in here and take over our land," said Ronald Enríquez at a march in the southern...
  • Port Canaveral gets clearance for Gulftainer lease
    Port Canaveral is proceeding with the 35-year lease of the Florida port's planned container port to United Arab Emirates-based Gulftainer after the Treasury Department determined that the lease does not require a further security review. The Treasury Department declared that the port's agreement with Gulftainer was a simple lease, not an...
  • Georgia ports eyeing No. 1 spot with $1.3 billion plan
    Georgia Ports Authority Director Curtis Foltz speaks during his annual state of the port address.The East Coast's fastest-growing port could double its capacity in the next 10 years and plans to knock out nearly all competition along the way. Georgia Ports Authority Director Curtis Foltz, during his annual State of the...
  • Spain goes to court for inadequate port security
    The executive branch of the European Union has taken Spain to court over security at its ports. The European Commission said yesterday that 20 Spanish ports have failed to adopt and implement the EU's rules for port security by the deadline which was at the end of 2013. "The main objective of European...
  • Walkout planned at two DP World terminals in Australia next week
    Australian dockworkers are planning to walk off the job next week at DP World terminals in Melbourne and Sydney as part of a contract dispute, according to a report in Lloyd's List Australia. According to the report, members of the Maritime Union of Australia will cease working at DP World in...
  • Moroccan port poised for investment
    The blossoming economy in Morocco is presenting opportunities for port investment, and officials are hoping good news could spur up to $8 billion in new port infrastructure. Moroccan Minister of Equipment, Transport and Logistics Aziz Rabbah told a delegation that Moroccan port authorities are allowing public-private partnerships to speed up investment...
  • Another record high for US intermodal volume
    This week's intermodal volume was a record high for U.S. railroads, breaking the previous record set the week before, according to the Association of American Railroads, again signaling that the peak season is revving up for intermodal shippers as the ocean peak subsides. U.S. intermodal volume rose 5.7 percent year-over-year in the first...
  • Miami reports poor July volumes
    Volumes at Port of Miami continued to dwindle in July, newly released numbers show, but port officials are hoping that throughput volumes will be boosted in subsequent months by new customers and improved trade opportunities. Port of Miami reported a total throughput of 72,628 TEUs in July, 5.3 percent lower than...
  • Trucking lobby 'not letting go' of battle over driver work rules
    Efforts to roll back changes to truck driver hours-of-service rules may have faltered this year in Congress, but Philip L. Byrd, Sr., chairman of the American Trucking Associations, says the ATA is "bound and determined to bring about positive change" in federal trucking regulations. Speaking at the annual McLeod Software...
  • Report due on MOL Comfort sinking
    Japan's ClassNK plans to share findings of its investigation of last year's sinking of the container ship MOL Comfort, which an official of rival classification society DNV GL criticized as having a "non-robust design." DNV GL Vice President Knut Dohlie created a stir with his comments on the MOL Comfort's design...
  • US-bound cargo from Cambodia to face enhanced scrutiny
    Cargo headed to the U.S. from Cambodia will face added scrutiny due to what the U.S. Homeland Security calls inadequate security measures. According to the Cambodia Daily, U.S. authorities asked Cambodia ports to put additional security measures in place for several Cambodia ports in...

TradeWindsweb site
SEPTEMBER 26, 2014
  • Norden takes two
    A leading Danish operator has emerged as the patron behind a pair of period deals sealed Friday afternoon.
  • S&P activity slows
    Asset prices in the dry-bulk segment appear to be stabilising and sale-and-purchase activity seems to be slowing across the board, a leading brokerage told clients Friday.
  • Jumbo jet set
    Today's topic is the aeroplane. For all you maritime types, just think of it as a ship with wings.
  • Arsenal: Nil
    No guns. That's the first rule for foreign private security firms operating in Nigerian waters. The second rule: no foreign private security firms allowed. So how does P2P hope to become market leader in West Africa? Andrew Varney explains his strategy to Paul Berrill
  • Speed queen
  • Atoms for seas
    Jonathan Boonzaier takes a look back at a unique vessel inspired by Dwight Eisenhower.
  • AP Moller disappoints Platou
    Forecasters at a leading European investment bank have downgraded shares of diversified Danish shipping giant AP Moller-Maersk (AP Moller).
  • For Parakou's patriarch, the family that ships together sticks together
    Next year it will be 30 years since CC Liu set up Parakou Shipping in Hong Kong.
  • Something to sing about
    Ion Varouxakis, chief executive of Freeseas, talks opera, sci-fi and art with Andy Pierce onboard his beloved historic yacht, the Aello
  • My walking staff
    The president of Winning Shipping, the company that dominates the transport of Indonesian bauxite into China, has a second passion - outdoor activities. And he is keen to involve his staff.
  • Service charge included
    Related-party payments get a bad press, but they have their defenders. Do such arrangements offer value for money and treat all shareholders fairly? Eric Martin investigates.
  • Taking stock
    Is aggregation the way of the future for maritime spare parts supply, asks Paul Berrill
  • Trust is shipping's most precious commodity
    For too long the shipping industry has believed its own myth that it is unlike any other business.
  • CarVal ship ordered seized
    Cal Dive International has secured a court order to seize a pipelayer owned by Cargill's CarVal Investors unit in a dispute over unpaid bills in the wake of Oceanografia's fraud scandal.
  • Subsea 7 cuts debt
    Oslo-listed Subsea 7 has spent $79.1m on buying back convertible bonds.
  • Zvezda eyes PSVs
    Russia's new Zvezda shipyard could soon start building supply ships or drilling platforms.
  • On the road to $100m
    Andy Pierce traces Christian Andersen on an intercontinental roadshow as Avance Gas seeks to raise cash from investors.
  • Siem takes shipyard
    German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has been taken over by Norway's Siem Industries in a deal that will take effect by the end of October.
  • CMES seals VLOC deal
    China Merchants Energy Shipping (CMES) has clinched a deal to order 10 new very large ore carriers (VLOCs) for charter to Brazilian miner Vale.
  • Cargoship barred
    The Paris MOU group of European states has banned a Bulgarian cargoship for a year after failing safety checks.
  • GSI closing in on overhaul
    State-owned Chinese shipbuilder Guangzhou Shipyard International (GSI) is edging towards a "significant assets restructuring" but precise details are still hard to find.
  • Crews warned over lines
    Australia's safety board has urged seafarers to beware mooring lines after a crewman's foot was severed at Port Hedland.
  • BigRoll adds third
    Dutch heavy-lift owner BigRoll Shipping has declared one of two options for a module carrier at Cosco Dalian Shipyard in China.
  • Polarcus keeps signing
    Seismic vessel owner Polarcus has signed its third contract in a week and its fourth since late August.
  • TEN gets into VL swing
    Tsakos Energy Navigation is set to boost its MLP prospects with orders for VLCCs amid suggestions oil company demand for the tankers is at the highest level in half a century.
  • Cruiseship saves 300
    A Salamis Lines cruiseship came to the rescue of a distressed fishing boat carrying more than 300 Syrian refugees off the west coast of Cyprus on Thursday.
  • Bulker under the hammer
    A Greek-managed bulker is to be sold at auction in Aruba after Commerzbank foreclosed its mortgage on the ship.
  • Ugland fixes newbuild
    Norway's JJ Ugland has fixed its newly delivered supramax Lunita on a short-term deal.
  • Ferry cash needed
    A Canadian fast-ferry newbuilding plan hinges on a government grant of CAD 14m ($12.6m).
  • Berth of a Princess
    As LNG shipping reaches its golden jubilee, Lucy Hine finds the first 50 years reveal parallels with issues facing the industry today.
  • Baltic change
    Exchange chairman tells Julian Bray how he intends to keep the organisation relevant in the 21st century.
  • My grand ambition
    Paris Kassidokostas-Latsis tells Andy Pierce how he is helping write a new chapter in the decorated history of one of Greece's most famous shipping names.
  • Hurricane coming?
    We take a look at what was said in the market over the past week.
  • Hoegh LNGC lives on
    Hoegh LNG has stretched a charter for an elderly LNG carrier by another 12 months, the company confirmed Friday.
  • Logindo seals charter
    Logindo Samudramakmur has reportedly secured a new vessel charter from Italy's Eni in a deal worth $30m.
  • Eyes help to Navig8
    Navig8 has amassed a 74-tanker orderbook by buying wisely, economically and with strong knowledge of market trends from its roots as a commercial manager.

American Shipperweb site
SEPTEMBER 26, 2014
  • Maersk plans to boost capacity by 425,000 TEU
  • Port Canaveral-Gulftainer deal gets government OK
  • NAFTA trade increases in July
  • Fire halts Chicago air traffic
  • PacAvi to convert A320s, A321s to freighters
  • FMC reviews 25 OTI license applications
  • U.S. economy accelerated 4.6% in 2Q
  • U.S. steel imports fell in July
  • Ryder to manage Chrysler's Mexico cross dock at Altamira
  • Thermo King to reduce reefer emissions in Europe
  • Foltz touts Savannah expansion in annual port address

The Bunker Bulletinweb site
SEPTEMBER 26, 2014
  • Weekly Global Market Report
    A weekly price roundup from bunkering hubs around the world.
  • Carriers: ExxonMobil ECA fuel 'interesting' option
    Agree price and availability will be deciding factors.
  • ARA fuel oil stocks climb week-on-week
    Players say arbitrage window to the East still open.
  • Alliance will save UASC $100 million per year
    Controlling fuel costs is one of a shipping line's biggest challenges.
  • More storage capacity for Fujairah
    Crude oil storage capacity to grow by another 4 million barrels.
  • More ports will join discount schemes, says Sir Richard Branson
    Ports may combine to promote ship efficiency.
  • Maersk Line: Dual-fuel an option
    Higher ECA-related fuel bill makes gas power a possibility.
  • Chinese port joins calls for an ECA in the Pearl Diver Delta
    Hong Kong backs Shenzhen but warns target date of 2018 is 'very aggressive'.
  • Chinese yard wins order for more LNG-fuelled ships
    Client already has orders for two similar vessels.
  • Hybrid-electric vessel to start research operations
    System to reduce fuel consumption by an estimated 75%.
  • Singapore firm eyes Australian bunkering market
    Enters MoU with a 'large multinational fuel trading and distribution company'.
  • Construction started for LNG-capable tanker
    Vessel will serve within the US market under the Jones Act.
  • MARAD injects funds into LNG bunkering research
    Research focused on use of LNG bunkers on the Great Lakes.
  • Maldives bunker player 'close to bankruptcy'
    But government to 'revive' state-owned concern.

›››File
FROM THE HOME PAGE
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.
Antwerp
Dry bulk volumes recovered and rolling stock increased. Other sectors declined.
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
US forces struck the VLCC Belma sailing towards Iran's Kharg Island.
Tampa
It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions
In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased
Genoa
In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
NatPower Marine acquires Aqua superPower to accelerate the electrification of ports and marinas
Monk
It operates the largest international network of electric charging points in Europe.
European Logistics Observatory established
Brussels
The aim is to strengthen the competitiveness, resilience and sustainability of European logistics.
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