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Independent journal on economy and transport policy
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BRIEFS
February 27, 2015
Sched Netweb site
  • TSA to hike rate US$600/FEU March 9 and again on April 9
  • Maersk Line boxes deliver nearly half the profit for entire group
  • Filipino seamen warned not to bring arms into Hong Kong
  • Panama hopes to keep diverted box increase flowing through canal
  • British PM marvels at wonders wrought by Hong Kong's Hutchison group
  • Investment opportunities in SE Asia ports as box volumes rise
  • Dalian-built 9,365-TEU CMA CGM Rhone joins company's Asia-Black Sea
  • Revised bunkering guidelines for Singapore from September
  • China-to-Spain train completes 16,156-mile backhaul bearing olive oil
  • Key Oz wine forwarder pleased China volume back after austerity eases
  • Union calls for newly named Vancouver trucking czar to step down
  • Plan for US$12 billion Helsinki-Tallinn tunnel would cut out Russia
  • Hong Kong starts on third runway in 2016, but won't open till 2022
  • Swissport International takes on groundhandling at Astana, Kazakhstan
  • Dial to sell 26pc stake in Delhi Cargo Service Centre to IDFC
  • DHL's Blue Dart Express adds 757 freighter, taps India's e-commerce boom
  • Panalpina drops B747-8F order for second under new Atlas ACMI

Exim Indiaweb site
FEBRUARY 26, 2015
  • Maersk Line launches India-Middle East-Mediterranean ME-5 service at DP World Chennai
  • MSC announces main line service call at Chennai
  • SCI's Worldwide Agents Meet 2015 deliberates on key issues
  • Freight earnings of SC Rlys up by 35.2 pc in Jan.
  • Rail connectivity in partnership with ports under Coastal Connectivity Programme envisaged: Prabhu
  • Railway Budget proposes increasing freight carrying capacity
  • AIPMA bats for higher import duty on Chinese goods
  • EPCES urges govt to remove MAT & DDT on SEZs in Budget
  • Import duty hike opposed by rubber industry
  • INR firms up further on increased dollar selling
  • Private power cos pitch for duty-free coal imports

International Transport Journalweb site
  • Schwarzmüller expects sales to spiral this year
  • Martin Bencher Sweden moves to new office
  • DSV makes continent-spanning move
  • Transpark makes Russian roads safer
  • Volga-Dnepr flies vibration tester to Chelyabinsk
  • No sale of real estate allowed
  • Reaching out to China and the USA
  • Industry veterans reinforce port management
  • Faster Rotterdam-St Petersburg link
  • Securing box handling capacity
  • Danser launches Alsace-Hollande Express
  • Chapman Freeborn arranges first B777F Budapest landing
  • Samskip extends Swedish rail services
  • Des Vertannes becomes strategic adviser
  • GSSA opens Austria office
  • Hansa Heavy Lift sets up Shanghai office

IHS Maritimeweb site
FEBRUARY 26, 2015
  • Economou weighs tanker IPO vs sale
    DryShips chairman George Economou has confirmed that a sale of the company's tanker fleet is possible if a stock offering does not receive a high enough valuation. NASDAQ-listed DryShips reported a loss of USD24 million for 4Q14 versus a loss of USD24.4 million in 4Q13. Excluding a one-off
  • Pacific Radiance full-year profit up 22%
    Singapore-listed integrated offshore marine services provider, Pacific Radiance posted full-year profit of $69.42 million, up 22% year-on-year for the financial year that ended 31 December 2014. Revenue increased slightly by 2% to $172.2 million in FY14, as compared to $168.58 million in FY13. The
  • Seadrill sees consolidation opportunities in downturn
    A weak cycle in the offshore drilling business may create opportunities for Seadrill, the London-based listed drill rig and ship operator in John Fredriksen's business empire, to consolidate the sector, it said in a statement. Group net profit fell to $150 million in 4Q15 from $283 million in the
  • BV reports 10.1% revenue rise
    French classification society Bureau Veritas (BV) has reported a 10.1% rise in its marine and offshore revenues to EUR323.8 million (USD368.1 million) last year as the group benefited from recovery in newbuilding activity. Excluding acquisitions, organic growth in marine and offshore was 7.1%,
  • Bangladesh ferry death toll rises to 79
    The death toll in Bangladesh's MV Mostafa ferry disaster rose to 79, according to the latest official count of bodies recovered. On the river Padma, near Shivalaya Upazila sub-district, the motor launch Mostafa carrying over 200 passengers capsized after being hit on 22 February by the 330 gt cargo
  • Rickmers Trust Management posts full-year loss
    Singapore-listed container ship business trust Rickmers Trust Management (RTM) posted a loss of USD15.96 million for the financial year ended 31 December 2014, as compared with a profit of USD23.4 million in FY13. Revenue decreased 9% year-on-year to USD130.32 million in FY14 from USD143.49 million
  • Box lines attempt west coast rate increase
    Liner operators in the trans-Pacific trade will attempt to raise rates after losing money amid a prolonged labour battle at American west coast ports. The Transpacific Stabilization Agreement (TSA), a discussion forum of the 15 major container lines serving the trade, reaffirmed on 25 February its
  • World's latest large ro-ro box ship delivered
    The STX Offshore & Shipbuilding shipyard in Jinhae, South Korea, has announced the delivery of ro-ro container vessel Jolly Cobalto to Italian shipping company Ignazio Messina & Co. The new vessel, claimed by Messina to be largest such vessel in the world, will be Italian-flagged and will make its
  • Contract for first US LNG bunker barge signed
    Construction of the first dedicated LNG bunker barge for the US market has been announced. WesPac Midstream (WesPac) and its affiliate Clean Marine Energy (CME) said the newbuilding contract for the vessel had been signed with Conrad Orange Shipyard, a division of Conrad Shipyard. The Orange
  • Pacific Basin in the red in 2014
    Hong Kong-listed Pacific Basin Shipping sank to losses of USD285 million in 2014 on non-cash impairments and provisions for significant changes in dry bulk and bunker fuel markets. Its revenues were little changed from 2013 at USD1.7 billion due to increases in fleet size and lower freight rates, a
  • Stage set for Frontline's comeback
    The board of Frontline, the listed VLCC and Surezmax operator in John Fredriksen's business empire, has set an objective to rebuild the company into a major tanker operator after clearing financial hurdles, despite losses both in 4Q14 and FY14. In 4Q14 and in the 1Q15, the company reduced the
  • Modern ports need 'more focused' welfare centres
    The imminent closure of a mission-run port welfare centre at the UK's Port of Milford Haven has called into question the impact of rapid port turnaround times on key shore services for crews. "Recent years have seen turnaround times rapidly increase, with seafarers often spending only 6-24 hours in
  • Impairment charge hits Frontline 2012
    An impairment charge hit Frontline 2012, the John Fredriksen controlled company that will transform itself to a crude and product tanker owner. In 4Q14, the company booked a loss of $123.9 million compared to a profit of $12.5 million in the same period a year earlier. A $149.5 million impairment
  • EU sulphur non-compliance cases 'very few'
    Cases of non-compliance with the new 0.1% marine fuel sulphur limit in north west European sulphur emission control areas (SECAs) have been "very few" to date, the European Commission has told IHS Maritime. Commission environment spokesman Enrico Brivio said that 200 inspection results had been
  • Qube profits up 32.8%
    Australia's Qube Holdings boasted a 32.8% lift in net profit to AUD54.7 million (USD42.9 million) for the six months that ended in December 2014 through an aggressive growth and acquisition strategy at a time competitors were cutting costs. In its interim report to the Australian Stock Exchange,
  • Bumi Armada profit plunges 93%
    Malaysia-listed offshore services provider Bumi Armada posted full-year net profit of MYR224.36 million (USD62.07 million) for the financial year that ended on 31 December 2014, down 93% from MYR435.09 million the year before. Its revenue, however, increased 15.6% to MYR2.39 billion in financial
  • GSI wins 18 new vessel orders for 2014
    Guangzhou Shipyard International (GSI) said it has won 18 new vessel orders for 2014, totalling 2.6 million dwt. The new orders were made up of MR tankers, as well as 50,000 dwt product and chemical tankers, a stock filing of GSI said. In its non-shipbuilding business, new orders comprising steel
  • FSL Trust back to the black in 2014
    Singapore-listed First Ship Lease Trust (FSL Trust) posted a full-year net profit of USD4.05 million for the financial year ended 31 December 2014, contrasted with its loss of USD65.2 million in fiscal year 2013 (FY 2013). The company's revenue went up slightly by 3.8% to USD93.4 million in fiscal
  • Vessels laden with smuggled rice, firearms seized off Sulu
    Vietnamese vessel MV An Bien 89-ALCI and three Filipino boats loaded with 3,275 tonnes of smuggled rice and high-powered firearms were seized off Sulu on 23 February, Philippines military officials have confirmed. A naval task force unit headed by Lieutenant Commander Richard Rosales and Lieutenant
  • Zoullas poised to exit
    Sophocles Zoullas, founder of NASDAQ-listed Eagle Bulk, has threatened to leave the company, the board of directors has confirmed. Zoullas has delivered written notice that there is "good reason" to terminate his employment agreement, which was finalised upon the company's restructuring in October

Marine Logweb site
FEBRUARY 26, 2015
  • Davie lays keel for LNG fueled ferry
  • Michigan shipyard faces $242,940 in OSHA fines
  • Detyens awarded $12.5 million MSC contract
  • Robert Allan Ltd. names Rollie Webb Senior VP
  • Zuhai fast cats to have Rolls-Royce propulsion package
  • Philly Tankers newbuilds find charterer
  • NTSB reports on ITB allision with USCG buoy tender

World Wide Shipperweb site
FEBRUARY 26, 2015
  • Port of Seattle names Caplan director of strategic initiatives
  • Drewry report gives update on state of LPG shipping
  • Rail freight traffic numbers see negative total for week
  • TSA member carriers plan March general rate increase
  • Insurance club gives list of top five claim causes

Lloyd's Listweb site
FEBRUARY 26, 2015
  • Milaha rides high on strong year for gas and oil
    Profit for Qatari owner rises 10%
  • Ship Finance International posts $122m net income for 2014
    Consistent performance from John Fredriksen company that holds dry bulkers, tankers, boxships and rigs
  • Capital Product Partners plans $520m fundraising
    Notes issue and additional credit facility will allow tanker and containership owner to repay outstanding debts
  • Navios signs $148m option for 13,100 teu boxship
    Company has until June 5 to take up the option for delivery in the third quarter
  • UK Defence Club gains 4.8m gt on renewal
    Premium freeze and continuity credits boost membership, says FD&D specialist
  • London Gateway handles ad-hoc Triple-E call
    Munkebo Maersk makes call to pick up empties before heading off to Asia
  • Senior APM Terminals' personnel depart after breaching 'internal business policies'
    Terminal operator's former CFO, CCO & head of global project implementation asked to leave the company
  • New Maersk Line ships could carry more than Triple-Es
    Vessels will be the same generation as Triple-Es but new technologies will allow for capacity increases
  • Yamal LNG 25% complete as Chinese money saves the day
    Some $10m per day being spent on construction of the ambitious LNG export project in Russian Arctic waters but delays to completion could occur
  • RBS cuts shipping book a further 9%
    One in five 'good bank' vessels in negative equity
  • Wisdom Marine to raise $80m with overseas bond issue
    Taiwan-based bulker owner will sell convertible non-guaranteed bonds
  • Rickmers Maritime slips into the red in 2014
    Singapore-listed trust with focus on panamax boxships was hurt by impairment charges and lower charter revenue
  • Charles Taylor to manage Strike Club
    Move comes as part of strategy to expand in mutuals
  • Pacific Basin hit by $285m loss for the year
    Figure includes $130m in write-offs applied to dry bulk business and for bunker hedges gone sour
  • Hoegh LNG posts loss due to $44m impairment charges
    But Oslo-listed LNG player is sanguine as it believes lower energy prices should eventually lead to greater demand for LNG
  • J Lauritzen posts reduced losses for 2014
    Danish dry bulk operator admits to 'very difficult year' following 'misplaced optimism' at the start
  • Frontline 2012 to exit gas and dry bulk to focus on becoming tanker giant
    Update: 'Various options' being considered, says Frontline Management chief as speculation grows over possible merger of two Fredriksen entities
  • TSA sets April GRI level at $600 per feu again
    Transpacific carriers say increase will cover higher operating costs as US west coast ports return to normal operation
  • First Ship Lease reports $7.3m profit for fourth quarter
    Singapore shipping trust's turnaround continues, as better tanker spot market supports results
  • DryShips narrows full-year losses to $47.5m
    Results driven by another excellent quarter by Ocean Rig, says Economou

The Journal of Commerceweb site
FEBRUARY 26, 2015
  • ISIS could bring piracy back to Mediterranean, officials say
    Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world's largest trade lane, European officials warn. It's been 200 years since pirates operated in the Mediterranean, but recent developments in North Africa suggest the Islamic State of Iraq and Syria could launch attacks on commercial and passenger...
  • Equipment, labor availability hamper West Coast port productivity
    Terminal operators are committed to return West Coast ports to normal operations as quickly as possible, but their ability to eliminate the backlogs of containers and vessels that are choking their facilities will be capped by constraints on the availability of dockworkers, harbor truck drivers and chassis. "Terminals are set up...
  • Port productivity is not improving, Maersk CEO says
    The fundamental industry problem identified as soon as mega-ships of 10,000 TEUs and above started hitting the waves remains alive and well -- and wholly unresolved. That is the problem of productivity. There has been little progress in carriers' and terminals' ability to get these ships quickly worked and sent back...
  • Survey asks truck drivers to rate treatment by shippers, consignees
    Shippers and consignees, prepare to be rated. Through Operation Upgrade, the Ontario Trucking Association will ask truck drivers to rate shippers and receivers based on how well they are treated at loading docks and delivery sites - and how often they're delayed. "The way truck drivers are treated by shippers and...
  • LA, LB approved to collaborate in tackling congestion
    WASHINGTON - The ports of Los Angeles and Long Beach can begin working together to address congestion after U.S. Federal Maritime commissioners on Thursday unanimously approved an amendment this week allowing the two largest U.S. container ports to work together. The amendment clarifies the roughly two-year-old discussion agreement to allow Los...
  • USA Truck signs stock agreement with investment partners
    Fresh from its first profitable year since the recession, USA Truck signed an agreement with two of its leading investors that will allow those firms to sell some of their stock. The $602.5 million truckload carrier agreed to let Baker Street Capital and Stone House Capital Management sell 2 million shares...
  • Los Angeles container traffic plunged 23 percent in January
    Container volume at the Port of Los Angeles declined 22.7 percent in January as the largest U.S. port was brought to its knees because of congestion, dockworker slowdowns and restrictions on night and weekend work imposed by employers. "The numbers aren't a surprise to us, and last week's announcement of a...
  • DFDS profit jumps on higher short sea freight volumes
    DFDS's pre-tax profit soared 56 percent in 2014, driven by increased short sea traffic on its key North Sea trades and reduced losses on the English Channel. The Danish shipping and logistics group's profit before special items grew to 571 million krone (US $ 86.9 million) from 367 million krone in...
  • No calm after the storm
    It's time for the healing to begin, but like a major surgical procedure, this recovery will be neither quick nor painless. The Feb. 20 tentative agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association brought a measure of labor peace to the U.S. West Coast waterfront. But...
  • Overtime is 61 percent of ILA hours in NY-NJ port
    More than 61 percent of the hours worked by International Longshoremen's Association members employed by New York Shipping Association companies during the most recent ILA-NYSA contract year were paid at overtime rates. The NYSA's annual report for its October 2013/September 2014 contract year showed that ILA longshoremen, checkers and mechanics hired...
  • West Coast congestion boosted Expeditors volume, revenue
    Soaring air freight volume spurred by U.S. West Coast port congestion helped lift total revenue 9 percent year-over-year at Expeditors International of Washington to $1.8 billion in the fourth quarter, while net profit jumped 19 percent to $99.8 million. "Airfreight and ocean freight net revenues both managed double digit increases, up...
  • Rickmers Maritime slides into the red in 2014
    Rickmers Maritime sank to a $16 million net loss in 2014 from a $23.5 million profit in the previous year as impairments and lower containership charter rates in the third quarter offset a profitable final three months. The Singapore-based company's charter revenue from its 16 ships was down 9 percent at...
  • Snowstorm closes Virginia port
    The Port of Virginia closed its Hampton Roads terminals Thursday after a winter storm dumped as many as nine inches of snow in some corners of the southeastern corner of the state. While inland ports in Front Royal and Richmond will reopen Friday, all other terminals will resume normal operating hours...
  • MSC to launch China-India service in late April
    To capitalize on the booming intra-Asia cargo trade, Mediterranean Shipping Co. plans in late April to launch a new container service directly linking India and China. The weekly intra-Asia loop, branded the Falcon, will also connect to MSC's network via Colombo, Sri Lanka. The port rotation will be as follows: Mundra and...
  • Shanghai, Shenzhen handle bulk of China's January throughput
    HONG KONG - The top 20 Chinese ports had a throughput of 15.5 million 20-foot containers in January, with Shanghai and Shenzhen terminals handling almost half of them, according to Shanghai Shipping Exchange data.China's busiest port of Shanghai handled 3.16 million TEUs in the first month of the year, up...
  • Nigeria to open inland ports to relieve pressure on Lagos
    The Nigerian government is poised to open more inland ports to help decongest the country's overwhelmed terminals in Lagos. President Goodluck Jonathan announced the news Saturday at a meeting with a delegation of ethnically Igbo market leaders at the State House Marina in Lagos. Jonathan, who faces a re-election contest on March...
  • Long Beach commissioners tap duo to enhance cargo flow, service
    The Long Beach Board of Harbor Commissioners appointed industry veterans Michael Christensen and Glenn Farren to newly-created management positions that were established to enhance cargo flow and improve service, as the second-largest U.S. container port recovers from months of congestion. Christensen, who served most recently as deputy executive director of the...

TradeWindsweb site
FEBRUARY 26, 2015
  • Economou's crystal ball
    The chief executive of DryShips believes Asian shipyards that are active in the construction of bulkers may be forced to slash prices in the months ahead.
  • IPO steals the spotlight
    The initial public offering (IPO) of Tankships Investment Holdings appears to be an increasingly important component of a campaign to shore up its parent's balance sheet.
  • Stealth secures fixtures
    Greek operator StealthGas of has firmed up period deals for three of its LPG carriers and an aframax tanker.
  • All in the family
    Capital Product Partners (CPP) of Greece made waves in the bond market today after announcing plans to raise $260m from the sale of secured notes.
  • Solvang finishes strong
    It appears that investments in the expansion of Solvang's very large gas carrier (VLGC) fleet are starting to pay off.
  • Capital seals charters
    Diversified Greek operator Capital Product Partners has lined up period deals for two of its suezmax tankers.
  • Samudera back to black
    Samudera Shipping has returned to the black for 2014 as lower costs outpaced a 7% decline in revenue.
  • Dream year for Vallianz
    Vallianz Holdings has produced a stellar performance in 2014 as it saw revenue surge and earnings double during the last 12 months to December.
  • StealthGas ups the ante
    Harry Vafias-led StealthGas boosted its share buyback plan as it revealed stronger than projected fourth quarter performance today.
  • SFL boosts 2014 profit
    A decline in fourth quarter earnings has not prevented Ship Finance International (SFL) from posting a bigger profit for the full year 2014.
  • NMM lines up box buy
    New York-listed Navios Maritime Partners (NMM) has acquired an option to buy a containership built in South Korea in 2012.
  • Sealink profit slashed
    Malaysia's Sealink International has seen both its revenue and profit trimmed during the fourth quarter..
  • PNSC weaker
    Pakistan National Shipping Corp (PNSC) has posted a drop in second quarter profit as revenue declined.
  • CPLP starts again
    Greek tanker and boxship owner Capital Product Partners (CPLP) is refinancing existing borrowings with a notes issue and a new credit facility worth $520m.
  • Eidesvik sees deep red
    Eidesvik Offshore has posted a big loss for the fourth quarter, leaving its full-year bottom line deeper in the red.
  • Grindrod edges up
    Grindrod has reported a marginally stronger performance for 2014 amid struggles for both its bulker and tanker operations.
  • Kerem S sinks
    A Turkish general cargoship has sunk six days after grounding on rocks off Greece.
  • Wilson finishes in red
    Norway's Wilson has seen red in its fourth quarter bottom line as it took a hit from increased voyage duration amid bad weather.
  • Merger talk intensifies
    Chatter surrounding a potential merger between John Fredriksen's Frontline and Frontline 2012 became louder today as the stars were further aligned by their respective fourth quarter reports.
  • Bulker crewman killed
    A crewman from a bulker managed by Greece's Edem Marine has died during offloading of cargo on Thursday, Greece's coastguard said.
  • Rickmers books Q4 profit
    Rickmers Maritime has bounced back from a loss in 2013, as it overcame lower charter rates to turn a profit in the fourth quarter.
  • Philly fixes two
    Aker Philadelphia Shipyard-owned Philly Tankers has fixed two ships under construction on long-term deals.
  • Avance boosts dividend
    Avance Gas has hiked its dividend in the fourth quarter as its VLGCs continued to rake in strong returns in a hot market.
  • Pacific Basin posts $285m loss
    A "dysfunctional" bulker market and impairments have plunged Pacific Basin into the red for 2014.
  • Siem profit soars
    Siem Offshore has finished 2014 strongly as it more than quadrupled fourth quarter profit, making its full year earnings jump.
  • Charles Taylor strikes deal
    The manager of the Standard Club is adding another shipowner insurance mutual to its portfolio of businesses.
  • DHT fixes duo
    US-listed tanker owner DHT Holdings has reportedly fixed out two aframax tankers on period charter to oil major Shell.
  • Portline talk quashed
    Portline sharply denies reports that it aims to sell as many as five of its 12 trading bulkers, including three modern supramax bulkers.
  • Loss grows at Hoegh LNG
    Hoegh LNG has fallen to a bigger loss in the fourth quarter after it took a hit on its unwanted Florida LNG terminal.
  • Tallink profit down 37%
    Tallink has seen its profit for 2014 fall almost 40% but the fourth quarter performance has left room for optimism, according to the company's management.
  • Frontline crosses bond bridge
    John Fredriksen's Frontline expects to have no problem clearing its convertible bond hurdle in April.
  • Ocean Yield adds profit
    Norway's Ocean Yield has produced higher earnings in the fourth quarter as revenue increased.
  • On the FRNT foot
    John Fredriksen's Frontline 2012 has continued to build up its newbuilding orderbook while deleting contracts that had run into trouble.
  • Skaugen falls to a loss
    Norway's IM Skaugen Group has posted a loss of $27.1m for 2014 as revenue was slashed.
  • Hy-Line orders fast ferry
    Hy-Line Cruises of the US has ordered a new high-speed ferry at Gladding-Hearn Shipbuilding.
  • Impairments down Swissco
    Swissco, the Singapore offshore vessel operator, has seen its fourth quarter profit all but wiped out by a series of impairment charges.
  • Pac Radiance down 63%
    Pacific Radiance has seen a dramatic fall in fourth quarter figures as revenue dropped and operating costs came in higher.
  • Lysblink to be moved
    The DFDS general cargo vessel that ran aground off Scotland last week was due to be moved Wednesday due to bad weather.
  • Low crude boosting LPG
    LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution, say Drewry.
  • Statoil retains LNG PSV
    Statoil has extended its employment of the world's first LNG-powered PSV, the ship's owner Eidesvik confirms.

American Shipperweb site
FEBRUARY 26, 2015
  • TSA confirms rate increases in March and April
  • Customer service, efficiency drive new hires at Long Beach, Seattle ports
  • DHS funding still hangs in the balance
  • Seaspan's profits down despite increased revenue
  • Rep. Hahn questions PMA's tactics during House hearing
  • MSC starts new service from Asia to Middle East
  • Stifel logistics index shows prolonged slump in confidence
  • ATA: Seasonally adjusted truck tonnage index up 1.2 percent in January
  • Busan sees record throughput in 2014
  • Kevin Kelly named chief executive officer of American Fast Freight
  • Port Disruption Damage Ticker
  • CORRECTION: FedEx world's largest cargo airline, not UPS

The Bunker Bulletinweb site
FEBRUARY 26, 2015
  • US-based think tank to host panels on LNG as marine fuel
    Event to be held on March 3.
  • North America's first LNG-fuelled vessel goes for a test run
    Harvey Gulf shows off groundbreaking vessel to media.
  • USCG publishes guidance on LNG bunkering
    Will help enhance the safety of LNG fuel transfer ops.
  • 'Very few' non-compliance cases in European ECA
    Low sulphur fuel is the 'primary compliance option', says EC.
  • Anti-biofouling research project at Omani university
    To feature nanotechnology.
  • Maersk: 'We will order more Triple-E vessels'
    Container line set to order 11 mega-container ships in the next four months.
  • Profit fall for Tallink
    But fourth quarter more promising.
  • Indian bunker player brings OPL barge to Mumbai
    Global Fuels & Lubricants says move addresses owners' concerns.
  • 'Market feeling pressured' as fuel oil stocks climb
    Singapore's onshore fuel oil stocks at seven-month high.
  • Pacific Basin books a loss
    Handysize operator to focus on efficiency going forward.
  • Spanish port to develop LNG bunkering infrastructure
    Authorities seeking EU funding for project.
  • Hybrid electric-LNG ship designed for coastal market
    Ship designer to present findings of feasibility study.
  • Profit drops for Grindrod in 2014
    Bunkering arm posted 25% less profit in the year, shows report.
  • Titan Petrochemicals loses investors
    Two investors have exited from the partnership, says company.
  • 'Growing demand' for oil boosts crude prices
    WTI rises despite buildup of 2.4 million barrels at Cushing, Oklahoma last week.

›››File
FROM THE HOME PAGE
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
In the first six months of 2025, orders totaled 14.7 billion euros (+93.5%)
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
CMA CGM's net profit fell by 140% in the second quarter.
Marseille
Revenues stable. The French shipping group is interested in acquiring Hutchison Ports' terminals.
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
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