BRIEFS

testata inforMARE

14 September 2026 - Year XXX

Independent journal on economy and transport policy

00:23 GMT+2

BRIEFS

July 28, 2017

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HMM's Asia-US west coast volumes soar 77pc yoy Diana Containerships swings back to the black with Q2 profit of US$36m Yangtze River Delta home to 5 of world's top 100 ports TransContainer's H1 volume rises 18.7pc yoy to 860,000 TEU CMA CGM signs agreement with Cameroon's Port of Kribi Philly Shipyard signs LOI to build up to 4 box ships for USWC-Hawaii trade Growth rate of US freight volumes hauled by truck to accelerate until 2023: ATA GOP congressman seeks delay for federal spy-in-the cab mandate Maritime HR & Crew Management Europe conference comes to London in October Asia Pacific Airlines keep up strong air cargo demand in June: AAPA figures show US$54m project to upgrade NY's LaGuardia Airport runway to start in August UK to develop new aviation strategy to remove barriers to trade

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JULY 27, 2017
Container liner profitability projected to surge this year DCI disinvestment being considered India has a rigorous cargo vessel inspection regime SCI actively participates in Mumbai PSUs TOLIC meeting Coal imports down Efforts on to develop Chabahar Port CONCOR's regular rail service from ICD-Jakhwada to Mundra & Pipavav ports to now commence on Aug. 22 Nitin Gadkari lays emphasis on developing ideal Model Concession Agreement Separate logistics unit for exporters Codex standards for spices adopted Office of the Principal Chief Commissioner

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"Alliances come first"

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JULY 27, 2017
France to take STX France under state control European Commission orders France and Belgium to end port tax exemptions OOCL reveals latest box ship behemoth Cost-cutting returns Samsung HI to profit Abu Dhabi Ports eyes IPO Why COSCO's acquisition of OOCL is a prize catch Seoul to re-open Hyundai HI's Gunsan yard Singapore High Court orders EMAS subsidiary to wind up HMM needs USD9 billion for fleet expansion and acquisitions, says consultant

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JULY 27, 2017
Frustrated shippers say there's no end in sight to barge congestion at ports French and Belgian corporation tax exemption for ports must end, rules EC 'Biggest lines get the best deals' in a depressed containership charter market XPO Logistics finds a new president of transportation for North America Air cargo slowdown puts a dent in Etihad financial performance for 2016 Three things every shipper should know about cyber security Fake news is seeping into all corners of business

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JULY 27, 2017
France to temporarily nationalize Saint-Nazaire shipyards Brookfield makes big investment in Teekay Offshore Partners Horizon Shipbuilding and MJP sign sales and service agreement Kirby Corporation eyes future inland marine acquisitions VIDEO: Peace Boat's Ecoship project moves ahead France's first wind farm to feature floating wind turbines Matson introduces direct service between Honolulu and Marshalls Philly Shipyard delivers another LNG-ready Jones Act tanker

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JULY 27, 2017
GasLog Partners increases distribution Owner of 11 LNG carriers reports record revenue for second quarter Navios Partners buys two more bulkers Latest brace continues fleet renewal spree as revenues increase European Commission demands end to port tax perks in France and Belgium Countries are in breach of EU state aid rules Moscow clears NCSP of monopoly allegations Russian port operator wins out in case concerning inflated transhipment tariffs Finnlines extends record profit run Ro-ro operator's half-year results rise by 16% Teekay Offshore gets a new majority partner and orders two shuttle tankers Strategic partnership with Brookfield Business emphasises business growth at the expense of increasing cash distribution SHI posts $25.7m second-quarter profits South Korean shipbuilding giant emerges from heavy losses in the year-ago period as market conditions improve Korea must study politics as well as economics Discussion of Busan port's strategies must not be deaf to the suggestion that foreign investment can be to Korea's benefit. SIPG to issue $1bn bonds Company's largest ever overseas issuance is no surprise as it has been active with business development, SIPG official says French-Chinese consortium inks deal for Cameroon port CMA CGM, Bolloré and CHEC sign 25-year Kribi Container Terminal concession The easy way out Suicide has become the most common cause of seafarers' deaths. Now the ITF Seafarers' Trust hopes to throw more light... China's CSIC to launch debt-to-equity swap Investors include China's largest manager of non-performing assets Noble Group warns of $1.8bn losses and announces workforce cull Commodities trader is also selling North America Gas & Power unit and looking for buyer for global oil trading business Scrubbers a good option for bulkers to comply with sulphur cap, MOL says Availability of low sulphur fuel at distant ports remains a major concern Daily Briefing Improving Safe Bulkers declares option to repurchase two kamsarmaxes Move will save $4.8m per year in bareboat hire to Chinese bank

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JULY 27, 2017
Crowley introduces door-to-door parcel service to Cuba Chicago drayage drivers' unpaid tolls cost shippers Mexican truckers plead for crack down on cargo theft surge Gulf resin exports face heavy-container surcharge New ways to reduce container booking no-shows emerge Panama Canal wins back traffic lost to Suez Canal EU outlaws tax breaks for Belgian, French ports Portland asking hard questions on future in containers Storms disrupt Mundra intermodal rail services Finnlines' run of record profits continues

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JULY 27, 2017
Safe, eschewing newbuilds, mulls S&P market entry But New York-listed bulker owner needs better spot rates before it will bite. GasLog sees US LNG pushing new charters Chief executive says wave of new US liquefaction will be key for customers to enter long-term contracts. Distributions outlook bleak for Teekay Offshore Teekay executives explain near-term focus and why investor Brookfield is poised for even bigger stake. Kirby looks for bottom-of-cycle acquisitions Chief executive says sellers still remain resistant, but pressure is building as downturn continues. DryShips expands board with two directors Athens-based shipowner boosts board with appointment of CFO and an Ocean Rig employee. Grounded Diana bulker suffers damage to hull A Diana Shipping panamax bulker has been damaged after grounding in Indonesia. New York-listed Diana says the 76,400-dwt Melite (built 2004), which is on charter to Unipec Global Commodities, has been "temporarily disrupted" following the incident in Pulau Laut. The owner says the crew is safe and no pollution has occurred. "It appears that the vessel has suffered damage to her hull resulting f Tanker buy continues Salmar's expansion Greece's Salmar Shipping is continuing its slow but steady expansion drive, returning its fleet to the size it was about 10 years ago. Director Steve Salonitis confirms the purchase of the 20,000-dwt chemical tanker Pine Galaxy (built 2004), which changed hands ear'lier this month. Salonitis declines to comment on the price, citing confidentiality agreements, but Japanese interests are said to h Klaveness forges Knutsen alliance for LNG newbuild Klaveness Marine of Norway has entered into a joint venture with a 180,000-cbm LNG newbuilding ordered by Haugesund-based Knutsen OAS earlier this year. The Tom Erik Klaveness-controlled company is taking a 46% stake in the vessel that is fixed long term from Spanish utility firm Endesa from delivery in 2020. Klaveness Marine managing director Jon Chr Syvertsen will have a 4% stake in the shi Ultrabulk Singapore wins soft newbuild funding Government-backed Japan Bank for International Cooperation (JBIC) is teaming up with France's BNP Paribas to offer joint funding for an Ultrabulk handysize order at Imabari Shipbuilding. The $28.3m funding is being provided to Ultrabulk Singapore to cover two 38,000-dwt bulkers. Government-backed export funding is generally regarded as financially advantageous compared with commercial terms. Ul Third VLCC purchase in a year for Nathalin Thai tanker owner Nathalin has bought its third VLCC in the past 12 months, acquiring the 301,000-dwt Tsurusaki (built 2002) from NYK Line for an undisclosed sum. VesselsValue puts a market value of $22.75m on the ship. Sources at Nathalin confirm the purchase but are unable to shed light on any employment the company has lined up for the vessel. Nathalin is Thailand's largest tanker owner, wit Budget plan takes swipe at Jones Act Influential group of conservative Republicans seeks to roll back US cabotage law in budget proposal, though success is not expected to be likely Bergshav posts $1.8m pre-tax deficit as red sums continue Grimstad-based shipowner Bergshav ran up another year of red figures, according to the company's annual report. Privately owned Bergshav Holding logged a pre-tax loss of NOK 14m ($1.8m) compared with a NOK 7m loss in 2015. The company typically fixes out its tankers on time charters. In February, the 107,000-dwt Bergina (built 2007) was reported fixed to Penfield for two years at $16,500 per da SteelShips sells 20-year-old handymax SteelShips, which maintains offices in Piraeus and New York, has shed a 20-year-old bulker. Market sources say the 48,200-dwt Steel Integrity (built 1997) was sold for further trading for $4m - around $300,000 more than VesselsValue estimates the Oshima-built ship to be worth. SteelShips purchased the vessel in 2013 as the Juergen Schulte. TradeWinds reported that the vessel changed hands fo Experts warn tanker earnings face a long road to recovery Spate of new orders and Opec's moves add to lower spot rate forecasts Jebsen sinks to hefty loss of $44m in 2016 Bergen-based owner Kristian Gerhard Jebsen Skipsrederi recorded a hefty loss last year, according to figures now publicly available. The privately owned and diversified company logged a $44m loss in 2016, compared with a $32.3m profit one year earlier. Operating revenues fell from $384.2m to $317.4m year on year. Jebsen has a largely modern fleet of 22 tankers and bulkers from 110,000 dwt to 1 Torm back in buying mode with MR resale purchases Four-ship deal fits company's strategy of counter-cyclical growth but identity of latest additions is less clear cut Fredriksen sells last tanker built before 2000 Norwegian shipowner John Fredriksen has sold his last tanker built before 2000. The Hyundai Heavy Industries-built 153,000-dwt Front Ardenne (built 1997) has been sold for slightly less than $9m for further trading to a Chinese buyer, which is $500,000 more than its scrap value. The ship is owned by Fredriksen's ship investment vehicle Ship Finance International (SFI), which had the ship on ch AM Nomikos carries out asset play on handysize unit Greek owner AM Nomikos appears to be conducting an asset play deal on a 13-year-old handysize bulker it bought in July last year. The Hakodate Shipyard-built, 31,000-dwt Ephesos III (built 2004) has been sold to Manta Denizcilik of Turkey for $6.75m, sources say. AM Nomikos declined to comment and Manta did not respond to a request for comment by the time TradeWinds went to press. VesselsValue Pioneering XDF engine-fitted LNG carrier set for delivery from SHI today Another piece of LNG history is being made this week with the delivery of the first LNG carrier newbuilding to be fitted with a low-pressure gas-injection XDF propulsion system. The 180,000-cbm SK Audace, which is jointly owned by South Korean owner SK Shipping and Japanese trader Marubeni, was named last week at Samsung Heavy Industries and is scheduled to be delivered today. The SK Audace is f Shell nears deal on sale of G-class LNG carriers Steam-driven duo secured by a buyer as market waits to hear pricing details that could set tone for future deals Giant Prelude FLNG readies for hook-up off Australian coast Shell's huge $12bn-plus Prelude FLNG has arrived at its hook-up location off northwest Australia, with the energy major indicating it will be in production by next year. According to data from Oslo's Eikland Energy and iGIS/LNG, the floating LNG (FLNG) production unit arrived at its designated site 475 kilometres (295 miles) northeast of Broome on Tuesday. The 600,000-tonne unit - the largest f Supply driver to prolong boxship market cascade More bigger ships set to be ordered due to industry commoditisation, forecasts MSI Arc7 owners debate ice trials with DSME Shipowners building the remaining 14 specialised Arc7 ice-breaking LNG carriers for Russia's commissioning Yamal LNG project are engaged in fresh talks with South Korean yard DSME over the ice trials planned for their vessels. Sources say the second Arc7 unit, Dynagas and partner Sinotrans' 172,600-cbm Boris Vilkitsky, is due to leave DSME's shipyard at the end of August if the owner requires the Asian buyers go on hunt for more bargain mid-size deals Seemingly unwanted since the introduction of larger tonnage on mainline routes, mid-sized panamax boxships are piquing the interest of players in Asia who are looking for a cost-effective way to scale up their regional tonnage capacity. Shell LNGBV poised for European debut An LNG bunker vessel (LNGBV) newbuilding contracted by Shell arrived in Europe early this week. As TradeWinds went to press, ship tracking data showed the 6,500-cbm Cardissa heading for its new home port of Rotterdam in the Netherlands, where it will be based at the Gate LNG terminal. The Cardissa left STX Offshore & Shipbuilding's yard in South Korea in early June, slightly later than planned. Log-In might spend cancellation payout on more vessels Brazilian owner studies further acquisitions after axing newbuilding orders Maersk snares newbuilding pair on long-term charter Liner giant has purchase option on Chinese-built sub-panamaxes Mehrotra resumes war of words with Scorpio Deutsche Bank analyst criticises 'ridiculous' decision to end repayment holiday US equity's irrational investments delay oil recovery US private-equity investors are pushing shale growth and this has "spooked the oil markets" into thinking incorrectly that oil inventories will remain high, says Schlumberger chief executive Paal Kibsgaard. This perception, created by US investors chasing short-term gains, is actually preventing the markets recovering and the oil price from rising, he says. Kibsgaard expects "clear reductions" i More jack-ups back to work but on shorter contracts New work for offshore jack-ups appears to be picking up steam, although negotiations are taking longer and contract durations are getting shorter, according to analyst Rystad Energy. Contracting activity jumped by 35% in the first two quarters of 2017 above the first half of last year. Rystad says 58 contracts in the first six months of this year compares with 43 for the corresponding period in Saipem faces slump in offshore work Italian subsea contractor Saipem has trimmed its revenue guidance by 5% for the year because of limited new contracts in the offshore sector. The Milan-listed company says it won €2.08bn ($2.42bn) of contracts in the first half, compared with '3.3bn in the same 'period last year. This is partly 'related to reduced work for its 'offshore drilling fleet and falling volumes in offshore 'engineering C Star owner denies ship will block rescue of migrants UK-based shipowner attempts to justify chartering out a vessel to right-wing activists determined to stop refugee flow from Africa to Europe Cash-rich Hydra set to return funds as P&I clubs' claims fall Windfall distribution to avert risk that cash held in captive reinsurer will not qualify under Solvency II Analysts underwhelmed by ballast water deadline delay Equity analysts are reacting largely with yawns to the International Maritime Organization's two-year delay to the timetable to fit ballast water treatment systems. Analysts consulted by TradeWinds generally said they had not expected the ballast 'requirements to be much of a game-changer to begin with, so the delay should have minimal impact. Some observers have suggested that the relaxed time Mega containerships sail into Steamship Mutual Club Steamship Mutual seems to be developing a new speciality - mega-containerships - to add to an established position as a club of choice for many cruiseship owners. The club added the 21,413-teu OOCL Hong Kong (built 2017) to the portfolio of insured vessels earlier this year as the biggest boxship yet afloat was delivered from a South Korean shipyard. Leviathans from Mediterranean Shipping Co and Suezmaxes gain favour in eastbound fuel oil market Traditional VLCC voyages being snapped up by smaller tankers due to Middle East demand ACX Crystal repairs complete as accident probe continues The containership that hit the US guided-missile destroyer USS Fitzgerald off Japan last month killing seven navy sailors is sailing again after repairs were completed this week. A statement from the vessel's owner, Daiichi Invest, said: "Repairs to the containership ACX Crystal, that was in collision with the USS Fitzgerald, have been completed and safety inspection undertaken by the vessel's cl Steamship owners set to benefit from success dividend Return of premium in prospect as good times continue for the protection-and-indemnity club Big cruiseships in danger of becoming white elephants The Australian port of Sydney is facing a problem: it cannot cope with the increasing number of ever larger cruiseships that want to visit or make it a home port. Several years ago, the authorities overseeing Sydney Harbour thought they had a solution to the congestion when they built a new cruise terminal at White Bay. But many of the ships are too big to sail under Sydney Harbour Bridge. The Lomar confident of Kea Trader refloat in Pacific Greek owner Lomar Shipping believes it will be able to refloat the 2,194-teu containership Kea Trader (built 2017) despite what looks like a protracted salvage operation. The boxship, which was delivered this year, has already run aground on Durand Reef in the Pacific for more than two weeks as salvage company Ardent begins the job of removing fuel and lube oils. Although the Kea Trader grounded Rerun for Varun tanker after buyer defaults August auction date planned for aframax Amba Bhavanee. Costamare expected to stay on boxship acquisition path Analysts expect New York-listed containership owner to chase down 'opportunistic acquisitions' Seadrill in serious talks with investors over restructuring John Fredriksen's Seadrill remains likely to restructure under Chapter 11 having pushed forward a key deadline to get a deal in place. Seadrill nudged the restructuring date forward to 12 September which analysts believe will be the last extension given a looming bond deadline. The driller says it is in advanced discussions with third party and related party investors plus its lenders over a com Cargill linked to order for up to six bulker newbuilds Commodities giant remains quiet on talk it has teamed up with Japanese partner to dabble in asset play again Broker Winmar delivers strong annual results The small sale-and-purchase broker Winmar continues to deliver strong results. Winmar's annual report for 2016, which just has been made publicly available, shows that the Oslo-based firm last year logged a pre-tax profit of NOK 7m ($870,000), albeit lower than the NOK 17m profit in 2015. Galbraith's opens doors in Oslo with Winje and ABG Sundal Collier on board Revenues totalled NOK 16m, dow Eurotankers sends aframax to Bangladesh for $6.2m Eurotankers of Greece is selling a 24-year-old tanker for demolition. Sources say the 93,000-dwt Genie (built 1993) has gone to Bangladesh for $380 per ldt, or $6.2m. The Greek owner bought the ship as Pink Sands for $11.75m in October 2010. In March, Eurotankers sold the 72,000-dwt bulker Mar (built 1997) for demolition to Bangladesh for $356 per ldt. The company is listed with a fleet of 16 s First Yamal LNG ship lines up for NSR spot voyage The Christophe de Margerie is due to load a cargo at Norway's Snohvit LNG plant in the next few days for shipment through the Arctic sea route to Asia Fednav and Oldendorff tied to Japan newbuilding talks Operators said to be sounding out trading houses and shipyards on bulker projects Tanker trade may face US ban on Venezuela oil imports Trade flows may be upset if US bans Venezuelan oil. But increased volatility may be boost to seaborne trade. Boxship deal could be seventh heaven for Tufton Seven ships bought from Hartmann for $50m could be worth more than double that figure by 2020 DSD renews fleet with order for up to four MR tankers Deal for two firm ships and two options at Vietnam yard could be worth $128m Shinyo tied to Sinokor capesize as it expands fleet Fred Cheng-led Shinyo International continues to target the capesize market as it rebuilds its fleet. The company is now being linked to the Namura-built, 176,000-dwt North Trader (built 2006). It is understood to be tied up on subjects for $17.2m from Sinokor Merchant Marine (SMM), which purchased the ship less than a year ago for $14.5m. The price is close to expectations. Some brokers contin Navig8 hit by value breach on leasebacks Owner working with CSSC to resolve shortfall on eight LR2 tankers, but it is not expected to affect the pending combination with Scorpio German owners optimistic due to improved vessel utilisation Hopes that maritime economy has hit rock bottom are a good sign for the industry US investor facing end game in DryShips lawsuit Plaintiff fails to meet judge's threshold for blocking future sales to Kalani. Victory Cruise doubles fleet with sistership purchase US-based cruise operator Victory Cruise Lines has revealed that it has acquired the 5,000-gross-ton (gt) cruiseship Sea Discoverer (built 2004) from Denmark's Clipper Group. The deal is structured so that ownership of the vessel will be transferred to Victory II Partners, an entity owned by three European private investors, including Copenhagen-based adventure-travel specialist Albatros Travel. N Cido to trim bulker fleet by offloading panamax duo Cido Shipping, which appears to be cutting its bulker fleet, is seeking to sell two 'Oshima-built panamaxes that have been in its fleet since new. The 82,300-dwt Fortune Iris (built 2009) has left Hamburg, Germany, for Ust-Luga in western Russia, where it is expected to arrive late this week. Sources suggest it could fetch $15m. The vessel was reportedly 'ordered in 2004 for $40m, so it does not Diana lands better rate from Glencore Greek bulker owner secures another pay rise as it charters out 2009-built kamsarmax. Teekay stocks fly as Brookfield deal branded 'a major win' Arrival of new investor sends Teekay Offshore and Teekay Corp equities into orbit before reality brought them back to Earth. GasLog Partners sees small miss in profit LNG shipping partnership sees costs eat into earnings, but it continues to hike dividends. Navios companies continue 2017 cross-sector growth spurt Newly-listed Navios Container eyes "unique opportunity," while Navios Partners adds two extra bulkers. Wison delivers Exmar's FLNG unit Chinese financing enables final completion of unfixed LNG floater Europe opposes French and Belgian port perks Commissioner Margrethe Vestager says tax exemptions for key European hubs "must be removed". Sembcorp Marine sees profit slump SGX-quoted rig builder points to upturn in activity but offshore recovery still some way off. Kirby Corp confident despite drop in earnings US tug owner says it will emerge larger from "one of the most sever downturns in the past three decades". Finnlines books 'strong' second quarter profit Chief executive Emanuele Grimaldi content with 10% rise in bottom line. Samsung Heavy net profit beats estimates Korean shipyard delivers positive result in the second quarter despite smaller-than-expected operating figures. Fearnley Securities downgrades AP Moller-Maersk Revised rating comes amid optimistic full-year consensus forecasts for Maersk Line. Brookfield buys into Teekay Offshore amid $640m facelift New investor to take a major slice in MLP which reshapes its financial position. Alam Maritim secures breathing room Malaysian offshore player granted extension on time needed to submit debt restructuring proposal. Noble wields the axe amid asset sales Commodity trader to ditch non-core businesses and shed 500 staff as more losses are predicted.

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JULY 27, 2017
UPS increases Q2 income, revenues amid e-commerce boom UPS recorded a net income of $1.38 billion for the second quarter of 2017, a 9.1 percent boost from last year's second quarter as revenues ... Panama Canal to close east lane of Miraflores Locks for 10 days The east lane of the Panama Canal's Miraflores Locks will be out of service for ten days, according to a statement from the Panama Canal Au... Old Dominion posts strong Q2 earnings growth Less-than-truckload (LTL) carrier Old Dominion Freight Line (ODFL) posted a net income of 98.4 million for the first quarter of 2017, a 20.... WTO amends Trade Policy Reviews, member call for multilateral trade protection The World Trade Organization (WTO) has issued a joint call for "safeguarding the WTO-based multilateral trading system," according to a rec... DHL: Digitization could lead to supply chain talent shortage 'crisis' The supply chain talent pool is not keeping up with changing technology requirements, leaving a poorly-developed workforce for future logis... European Commission forces Belgium, France to abolish tax exemptions for ports The European Commission is requiring Belgium and France to abolish corporate tax exemptions granted to their ports, thus aligning their tax... FMC reviews 6 OTI license applications The U.S. Federal Maritime Commission (FMC) has received six ocean transportation intermediary (OTI) license applications and changes for re... SeaIntel: 18,000-TEU vessels could double Asia-North Europe market share Containerships with capacity for 18,000 TEUs and above will double their market share on the Asia-North Europe trade lane by the end of nex... Matson to launch new loop between Hawaii and Marshall Islands Honolulu-based cargo carrier Matson, Inc. is introducing a new direct U.S. flag service between Honolulu and the Marshall Islands that's ex...

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JULY 27, 2017
US CFTC nominees promise to advance position limits rule The regulations, with potentially significant impacts on energy derivatives, have stalled for years amid debate over how to craft exemptions for bona fide hedging activity that would not choke off traditional or common hedging practices US lawmakers reach deal on Russia sanctions, Senate vote soon The Senate could pass the bill as soon as Thursday. FEATURE: Midstream oil, gas players head towards consolidation US midstream oil and gas players are mulling options of either a consolidation or refocusing capital on "high yield" areas Crude oil futures settle higher again as contango structure narrows NYMEX September light sweet crude settled 29 cents higher at $49.04/b and ICE September Brent rose 52 cents to settle at $51.49/b. Backwardation in NWE HSFO rises, cracks supported on tight Russian supply The Northwest European high sulfur fuel oil market, driven to record highs this summer after a reduction in Russian exports in June, was being kept strong by a continued shortfall in July and August, traders said. External: Praxis Energy Agents S.A External: Wired Bunkering SHELL Q2 RESULTS PROVE IT IS 'RESILIENT' AT UNDER $50/B OIL: CEO The company unveiled an eightfold rise in second-quarter earnings and a reduction in its debt ratio. Growing trend of cargo owners, refiners offering scrubbers to shipowners While the scrubbers are offered at no cost, the shipowner will likely be fully tied to the refiner's prices. Vietnam's Phu Quoc Island oil terminal should complete by Q3 2018 Bunker fuels, diesel, motor gasoil, jet and bunker fuels will be stored at the bonded terminal under phase one. Crude slips from 8-week highs on profit-taking US refinery throughput rose 166,000 b/d to 17.285 million b/d, the second highest mark on record.

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FROM THE HOME PAGE

The threat to shipping in the Red Sea grows as Houthis seize Perim Island.

SHIPPING

The threat to shipping in the Red Sea grows as Houthis seize Perim Island.

Sana'a/Hamburg

German shipowners warn that the possibility of returning to the Suez route is further removed

ACCIDENTS

New attacks on ships in the Strait of Hormuz

Southampton/Tehran

IRGC Navy strikes US naval drone

PORTS

Port of Long Beach reports record container traffic for August

Long Beach

In the first eight months of 2026, volumes grew by +1.3%

SHIPPING

WSC reports that containers full of lithium batteries can be shipped without being identified as dangerous goods

Washington

Kramek: People, ports, ships and the marine environment at risk

SHIPPING

T&E, the EU Commission's proposed revision of the ETS for shipping is a hesitant step forward.

Brussels

If the system is extended to small naval units - the association highlights - however, exemptions and derogations risk nullifying its climate impact.

Transalpine rail freight traffic still under pressure despite economic recovery

TRANSPORTATION

Transalpine rail freight traffic still under pressure despite economic recovery

Bern

The road runs faster than the rail

Artificial intelligence drives global trade, despite Middle East and tariffs

TRADE

Artificial intelligence drives global trade, despite Middle East and tariffs

Geneva

The WTO's barometer is rising. Demand for semiconductors and electronic components is offsetting geopolitical tensions.

PORTS

Green light for €1.35 billion in investment in the port of Bremerhaven.

Bremen

It is the largest amount of funding the federal government has ever allocated to a project in the state.

PORTS

APM Terminals Signs Agreement to Develop Nigeria's Badagry Port

Copenhagen

Four kilometers of docks with a draft of -18 meters would be built

COMPANIES

Renaissance Partners has signed a binding agreement to acquire De Wave Group.

Genoa/Milan

The Genoese company will be sold by the American company Platinum Equity

SHIPPING

Decarbonizing shipping: a €36 billion challenge and a €45 billion opportunity for Italy

Cernobbio

Without investments in ports, Italy risks losing 80 billion euros in added value by 2050.

SHIPYARDS

Canadian unions want BC Ferries to build new ferries in British Columbia

Delta

The company's latest order was to Chinese company CMI Weihai

PORTS

Filt, Fit, and Uilt should withdraw the amendment that puts port businesses and cooperatives at risk under Article 17.

Rome

The unions fear the progressive replacement of a structural function of the port with precarious forms of work

SHIPYARDS

Norwegian Nor Cruises signs MoU with China's SWS for 2+3 new cruise ships

Shanghai

The units would have a gross tonnage of 84,000 tons

SHIPPING

In July, ship traffic in the Suez Canal increased by +27%

Cairo

In the first seven months of this year, maritime traffic was 8,244 ships (+15.9%)

INTERMODAL TRANSPORT

Tomorrow Kombiverkehr will launch an intermodal connection between Regensburg and the Interporto Quadrante Europa

SHIPPING

IMO, the Net-Zero Framework remains stalemate: agreement on carbon pricing is still lacking.

London

38 states voted in favor and 17 against. Formal adoption postponed until December.

POLICY

Brussels launches the Maritime Industrial Alliance

Brussels

The EMA, the new EU instrument to coordinate industry, member states, and investors in the maritime sector, is born.

SHIPYARDS

The safety and sustainability of ship recycling operations must also be guaranteed in the downstream work phases of the supply chain

Geneva

This is underlined by the representatives of the unions belonging to IndustriALL Global Union

SHIPPING

Study to create a maritime corridor between the UK and the US using nuclear-powered container ships

London

ACCIDENTS

Two Filipino sailors killed from ship attacked Monday in the Strait of Hormuz

Riyadh

Bahri VLCC Sidr hit

SHIPYARDS

Shipowners' associations welcome proposal to include two Indian shipyards in EU list of ship recycling facilities

Brussels

BIMCO, ECSA, ICS, Intercargo, Intertanko and WSC consider this an important step towards addressing the structural capacity shortage in the European list

PORTS

In Panama, the provision that protected the confidentiality of port concession contracts has been repealed

Balboa

The Panama Maritime Authority has accepted the request for transparency made by President José Raúl Mulino.

COMPANIES

Fincantieri and TKMS sign agreement to strengthen collaboration in the underwater segment.

Trieste/Kiel

The agreement does not provide for mergers or acquisitions

PORTS

Philippine terminal operator ICTSI to acquire African port operator TLG

Manila

The company operates in Mozambique, Namibia and South Africa

SHIPYARDS

EU ship recycling facilities are operating well below capacity as European vessels continue to be dismantled in Asia

Brussels

This is reported by a study by Shipbreaking Platform and Transport & Environment

PORTS

In the second quarter, cargo traffic in the Moroccan port of Tangier Med reached a new record

Anjra

Growth of +6% recorded in the first six months of 2026

Container shipping market recovery drives COSCO Shipping Holdings' quarterly results

SHIPPING

Container shipping market recovery drives COSCO Shipping Holdings' quarterly results

Hong Kong

The Chinese group has ordered 12 new 22,000 TEU container ships and six 3,200 TEU ones.

TRADE

G20 trade accelerates in second quarter

Paris

Imports of goods and trade in services are driving growth, while exports are maintaining a strong pace

PORTS

La Spezia Container Terminal invests €90 million in port equipment for the new Ravano Terminal.

La Spezia

SHIPPING

OOIL's half-year results are weighed down by the negative performance of the first quarter

Hong Kong

The January-June period closed with a net profit of 729.3 million dollars (-23.6%)

PORTS

Port of Livorno: The Regional Administrative Court (TAR) has annulled the extension of the coastal landscape restriction to the port and hinterland areas.

Florence/Livorno

RAILWAY TRANSPORT

SBB CFF FFS Cargo returned to profit in the first half of the year

Bern

The Swiss group's trains transported over six million passengers (+1.3%)

TRADE

White House denounces practice of "illegal" port transshipment to evade U.S. tariffs

Washington

ACCIDENTS

IMO urges naval missions to counter rising piracy in the Gulf of Aden

London/Riyadh/Southampton

The very large crude carrier "Amzan" of the Saudi company Bahri was attacked in the Red Sea.

PORTS

CMA CGM and Red Sea Gateway Terminal finalize agreement for Terminal 4 at Jeddah Port

Paris

The planned investment amounts to approximately 434 million dollars

The slowdown in the Chinese economy is reflected in port traffic

PORTS

The slowdown in the Chinese economy is reflected in port traffic

Beijing

In July, overall traffic decreased by -3.4%, with a contraction that no longer only concerns domestic trade, but is also starting to affect goods with foreign countries.

PORTS

In the second quarter, freight traffic in the port of Bremen/Bremerhaven grew by +6.0%

Bremen

In the first six months of 2026 the increase was +5.9%

SHIPYARDS

Fincantieri and Viking convert options into orders for two new cruise ships

Trieste

PIRACY

A ship was boarded by pirates in the Gulf of Aden

Southampton

The unit was forced to head towards Somalia

LAW

CK Hutchison initiates international arbitration proceedings against the Republic of Panama

Hong Kong

The action follows a similar one by its subsidiary PPC. The lawsuit seeks damages of $2 billion and over $1.5 billion.

PORTS

Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II

Hamburg

The Maersk Group company will retain operational control of the Dutch terminal

The German company Hapag-Lloyd has signed an agreement with APM Terminals, the terminal operator of the AP Møller-Mærsk shipping group, for

ZIM also records a recovery in the second quarter

SHIPPING

ZIM also records a recovery in the second quarter

Haifa

Acquisition by Hapag-Lloyd expected by the end of the year

PORTS

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%)

PORTS

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

COMPANIES

AP Moller Capital to acquire majority stake in Globex Investissement

Copenhagen/Casablanca

ACCIDENTS

Ship hit in the Strait of Hormuz

Southampton

Crew member of the "Minoan Dignity" dies

PORTS

Last month, freight traffic in the port of Barcelona decreased by -6.5%.

Barcelona

In July, 300,961 containers were handled (-13.2%)

COMPANIES

Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.

Abu Dhabi

He currently owns a 75.42% stake

PORTS

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%)

PORTS

The port of Koper reports a 5.6% decrease in quarterly freight traffic

Ljubljana

In June the decline was -18.9%

PORTS

Strait of Hormuz crisis has severe impact on DP World's financial and operating performance

Dubai

PORTS

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%

PORTS

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%)

SHIPPING

HMM's revenues increased by 29.7% in the second quarter

Seoul

Net profit down, weighed down by lower financial income

SHIPPING

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

SHIPPING

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

PORTS

Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter

Genoa

Passenger numbers drop at both ports

SHIPPING

In the second quarter, Yang Ming recorded a net profit growth of +610.7%.

Keelung

Revenues stable in the first half of 2026

ACCIDENTS

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

SHIPPING

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

SHIPYARDS

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

SHIPPING

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.

CRUISES

Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force

Monaco/Miami

Delivery is scheduled for 2034

ACCIDENTS

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.

PORTS

In July, freight traffic in the port of Ravenna grew by +6.7%

Ravenna

A sharp decline of -21.2% is expected for August

TRUCKING

Giulio Stoppa is the new general secretary of Trasportounito

Rome

A choice of continuity that at the same time marks the beginning of a new phase

CRUISES

The launching ceremony of Viking Astrea took place at the Fincantieri shipyard in Ancona

Ancona/Los Angeles

Viking's Board has authorized a share buyback program of up to $1 billion.

SHIPYARDS

Meyer Werft begins construction of the Carnival Tropicale cruise ship

Papenburg

With a gross tonnage of 180,000 tons, it will be able to accommodate over 6,000 passengers.

RAILWAY TRANSPORT

VTG sells its UK subsidiary VTG Rail UK to pension fund USS

Hamburg

The company operates in the railway freight wagon leasing sector.

SAFETY & SECURITY

The Genoa Coast Guard reaches its 100th Port State Control inspection of 2026.

Genoa

More than 250 deficiencies have been detected so far

PROGRESS AND TECHNOLOGY

ABB and Oceanly collaborate to integrate and optimize ship performance and operations

Genoa

PORTS

Strategic agreement between Federlogistica and the Port of Xiamen

Genoa

Feasibility study for a maritime connection between the Chinese port and Genoa

PORTS

Container traffic at the Port of Los Angeles remained stable in August

Los Angeles

The increase in empty garages has offset the decrease in full ones

COMPANIES

Gulftainer to acquire stake in Thailand's Suksawat Terminal

Sharjah/Bangkok

It is located on the Chao Phraya River, in Bangkok

SAFETY & SECURITY

Robo.ai establishes a company specializing in maritime and submarine security

Abu Dhabi

Al-Mansory: We will produce locally and provide solutions for markets around the world

INTERMODAL TRANSPORT

Kombiverkehr has taken full control of Spanish company Combiberia

Frankfurt am Main

The shares were acquired from the other 20 members

NEWS

US forces hit five Iranian oil tankers

Tampa

Attacks in the Gulf of Oman and near Kharg Island

COMPANIES

Conditions met for the acquisition of AD Ports by Abu Dhabi's sovereign wealth fund

Abu Dhabi

INFRASTRUCTURE

Construction of the above-ground section of Genoa's new breakwater has begun.

Milan

Construction of the wave barrier is underway

COMPANIES

For the first time, a woman leads the Panama Canal Authority.

Balboa

Engineer Ilya Espino de Marotta's term will expire in 2033.

COMPANIES

Blu Navy has acquired a stake in Banca dell'Elba

Portoferraio

Schenone: We are a group united by the desire to contribute to the economic and social development of the island.

SHIPPING

HMM signs a contract worth approximately $3.5 billion with Vale

Seoul

It involves the maritime transport of iron ore on behalf of the Brazilian company

INDUSTRY

Kongsberg Maritime signs deal to buy Finland's Steerprop

Oslo

The Rauma-based company designs and manufactures marine propulsion systems

NEWS

New drug seizure in the port of Livorno

Livorno

53 kilograms of pure cocaine in a container from Peru

PORTS

In the first three months of 2026, freight traffic in Belgian ports fell by -4.0%

Brussels

Landings and embarkations decreased by -2.0% and -6.4% respectively

PORTS

A series of meetings on the new Port System Master Plan for the ports of Genoa and Savona-Vado has begun.

Genoa

The new concession agreement with Amico & Co Spa has been finalized.

PORTS

Port of Ravenna: Extraordinary maintenance of the "truck-accessible" section of Via Baiona has been approved.

Ravenna

COMPANIES

MacGregor will celebrate the 65th anniversary of its Italian branch in Genoa

Genoa

The company is based in the Naval Repair area of the port of Genoa

SHIPPING

Anemoi wind propulsion system to be installed on a Maersk container ship

London

The aim is to increase the ship's energy efficiency and reduce its emissions.

PORTS

The selection process for the new Secretary General of the Central-Northern Adriatic Sea Port Authority has begun.

Ravenna

Expressions of interest to be submitted by September 21st

INDUSTRY

MacGregor opens a new technical assistance center in Trieste

Stockholm

The main focus will be the European area, including the specialized megayacht sector.

ACCIDENTS

Tanker hit by three shells in the Strait of Hormuz

Southampton

An accident also in the Indian Ocean

PORTS

Floriana Gallucci is the new secretary general of the Ionian Sea Port Authority.

Taranto

The Management Committee of the institution has approved the appointment

ACCIDENTS

Crew of ferry that sank in Northern Cyprus arrested

Nicosia

Eight people died in the accident. 17 other passengers are missing.

SAILING LIST

Visual Sailing List

	Departure ports
	Arrival ports by:
	-	alphabetical order
	-	country
	-	geographical areas

INDUSTRY

Singamas's profit halved in the first half of 2026

Hong Kong

The Chinese company is focusing on energy containers. During the period, sales of specialized containers exceeded those of standard boxes for the first time.

INDUSTRY

CIMC sells more containers, but profits plummet

Hong Kong

Half-year profit in this business segment fell by -81.2%

In the first half of this year, China

COMPANIES

COSCO Shipping Ports reports record quarterly and half-year revenues

Hong Kong

Net income for the first six months of 2026 was $276.6 million (+23.2%)

COMPANIES

In the first six months of 2026, CMPort's revenues grew by +13%

Hong Kong

Net profit up 7.4%

SHIPYARDS

Meyer Werft revenues to grow by 107% in 2025

Papenburg

The financial year ended with a net loss of -383.8 million euros

SHIPPING

Messina will launch the new West Med Line scheduled service in September

Genoa

It will bring together existing services for Algeria and Libya

SHIPYARDS

The launch of the luxury cruise ship Oceania Sonata was celebrated in Marghera

Trieste

The unit is scheduled for delivery in 2027.

SHIPPING

Tarros will include the port of Salerno in its Italy-Libya Express service.

La Spezia

The vessel "Vento di Zefiro" will be placed on the route

SHIPPING

MPCC reports declining quarterly results as part of fleet renewal plan

Oslo

MOURNING

Kuehne+Nagel's honorary president has died.

Schindellegi

Klaus-Michael Kühne had joined the family business in 1958

NEWS

A shipment of 65 kilograms of cocaine was seized in the port of Livorno.

Livorno

It would have brought in around 20 million euros to the criminals

PORTS

In July, Spanish ports handled 47.7 million tonnes of goods (-1.8%)

Madrid

Containers amounted to 1,581,071 teu (-5.6%)

PORTS

Join us at the Communion and Liberation Meeting in Rimini

Rome

Participation in the exhibition area of the Ministry of Infrastructure and Transport

PORTS

Port of Ravenna: Executive project for redevelopment of the "Ex Carni" area begins

Ravenna

The aim is to give full functionality to a new logistics and industrial sector in the port area

PORTS

Container traffic in the port of Algeciras decreased by 11.4% in July.

Algeciras

In the first seven months of 2026 the decline was -3.3%

INTERMODAL TRANSPORT

Hupac will strengthen its intermodal service between Basel and Busto Arsizio.

Noise

An eighth weekly rotation will be introduced from September 7th

LOGISTICS

Sallaum creates a company for land logistics of cars in Europe

Vilnius

It will initially be equipped with 50 car transporters and the fleet will reach 300 vehicles by 2029

PORTS

In the second quarter, freight traffic in the port of Taranto grew by +6.7%

Taranto

An increase of +104.9% was recorded in July

CRUISES

Viking Holdings Cruise Line Reports Record Quarterly Revenue

Los Angeles

Net profit of $587.7 million (+33.8%)

PORTS

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

PORTS

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%)

SHIPPING

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%

SHIPPING

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%.

PORTS

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%.

PORTS

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

COMPANIES

Costa Cruises announces change of management for the Americas region.

Genoa

Jorge Serrano Martín de Vidales will replace Dario Rustico

INDUSTRY

MSC installs Jotun's proactive hull cleaning system on MSC Daniela

Sandefjord

Combines advanced antifouling technology with robotic inspection and cleaning

SHIPPING

Wan Hai Lines reports a 965.6% increase in quarterly profit

Taipei

The company orders six new 11,000 TEU containerships

PORTS

In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%

Podgorica

Cargoes to and from Italy dropped by -40.6%

SHIPPING

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

COMPANIES

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%)

MOURNING

Maurizio Longo, Secretary General of Trasportounito, has passed away.

Rome

He passed away in Rome after a long illness.

PORTS

Terminal Investment Limited abandons Tercat acquisition

Brussels

It provided for joint control of the Barcelona terminal with Hutchison Ports

PORTS

Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.

Ravenna

PORTS

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

COMPANIES

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

PORTS

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%

PORTS

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%

PORTS

Italian Ports:

Ancona

Genoa

Ravenna

Augusta

Salerno

Bari

Savona

Leghorn

Taranto

Naples

Trapani

Carrara

Palermo

Trieste

Venice

Italian Interports: list

World Ports: map


DATABASE

		Shipowners		Shipbuilding and Shiprepairing Yards
		Forwarders		Ship Suppliers
		Shipping Agents		Truckers

MEETINGS

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

MEETINGS

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

Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO

HD Hyundai Heavy Industries Ends Joint Venture Plan for Block Factory with India's Cochin Shipyard

(Maeil Business Newspaper)

››› Press Review File

FORUM

of Shipping
and Logistics

ASSITERMINAL

Intervento del presidente Tomaso Cognolato

Roma, 19 giugno 2025

››› File

LOGISTICS

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

LOGISTICS

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.

SHIPPING

Global Ship Lease reports record quarterly and half-year revenues

Athens

Rising costs impact profits

PORTS

DP World to build temperature-controlled logistics hub in the port of Antwerp

Dubai/Kallo

SHIPPING

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.

SHIPPING

Danaos Corporation reports quarterly revenue growth of 4.7%.

Athens

The containership segment remains stable. Bulk carriers continue to contribute.

ACCIDENTS

A bulk carrier hit by a shell in the Strait of Hormuz

Southampton/London

One crew member is reportedly missing.

PORTS

This year, 800,000 cruise passengers are expected in Messina.

Messina

Passengers make a direct expenditure of almost 16 million euros in the city

PORTS

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%)

INTERMODAL TRANSPORT

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.

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