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BRIEFS
July 28, 2017
Sched Netweb site
  • 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

Exim Indiaweb site
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

International Transport Journalweb site
  • "Alliances come first"

IHS Maritimeweb site
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

The Loadstarweb site
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

Marine Logweb site
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

Lloyd's Listweb site
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

The Journal of Commerceweb site
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

TradeWindsweb site
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.

American Shipperweb site
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...

The Bunker Bulletinweb site
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.

›››File
FROM THE HOME PAGE
Attacks on ships in the Strait of Hormuz continue
Southampton/London
Another vessel was hit yesterday. There have been 93 incidents in the Middle East since the beginning of the year.
Deep Wave expands its digital platform to passengers and cruises
Graz
Investment in Austrian MarineXchange
Construction of a cruise terminal has begun in the Japanese port of Naha.
Naha
Operations are scheduled to begin in March 2028.
Assiterminal promotes port reform, but calls for corrections to Ports of Italy.
Genoa
Three critical issues were highlighted by the terminal operators: the role of the AdSP, the overlap between the grantor and the concessionaire, and the retroactivity of the new regulations.
LNG Ships and Taxonomy: EU Court Rejects Lack of Methane Limits
The Commission will have to set a methane emissions threshold for maritime transport criteria. The appeal by three NGOs was partially upheld.
Ports: The EU Commission calls on Italy to reject the national flag requirement for towing and mooring.
Brussels
France and Spain also received a reasoned opinion: two months to comply with the regulation on port services.
Another ship attacked in the Strait of Hormuz
Southampton/Tehran
Iran faces a shortage of basic goods, which are also imported through the Persian Gulf.
European Corridors: Italy Faces the 2030 Challenge
Brussels
National infrastructure largely compliant, but timing and funding of key projects remain uncertain
Electrification of ports and airports: the electricity grid is the new bottleneck
Brussels
Transport & Environment calls for speeding up connections and moving beyond the "first come, first served" criterion.
Boluda manages the multipurpose terminal at the Príncep d'Espanya pier in the port of Barcelona
Barcelona
The concession contract will have a duration of 16 years
The current value of Aeroporto di Genova Spa is between 14.9 and 15.9 million euros.
Genoa
PwC's assessment presented
FEPORT: EU ETS should not push transhipment out of Europe
Brussels
The terminal operators' federation calls on the ENVI commission to strengthen measures against tax evasion and to allocate part of the ETS revenues to ports.
New series of attacks on ships in the Strait of Hormuz
Southampton/Tehran/Tampa
Three tankers hit by shells. Another vessel caught fire.
Eurokai, higher revenues but lower profits
Eurokai, higher revenues but lower profits
Hamburg
Revenue up 14.4% and traffic up 8.3%, but net profit fell by 8.3% due to the lower share of Eurogate.
Genoa's boarding tax: the Regional Administrative Court rules in favor of the City Council.
Genoa
The appeal of shipowners and shipping agents was rejected
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
Carnival reports record revenues and profits in the June-August quarter despite a 36% increase in fuel costs.
Miami
Customer deposits are at their highest. Prices and occupancy are expected to record next year.
Winners and losers in port connectivity: the long journey of Italian ports' ups and downs.
Winners and losers in port connectivity: the long journey of Italian ports' ups and downs.
Geneva
UNCTAD indices reveal a changing Mediterranean: Italy slips to seventh place, La Spezia, Trieste and Vado Ligure grow, while the South loses ground.
Electric trucks more affordable than diesel in six major EU markets
Brussels
According to T&E, in countries that account for 46% of European sales, electric vehicles have already become cheaper in five years. Italy, Spain, and Poland are lagging behind.
AP Moller Capital to acquire majority stake in Euroports
Copenhagen/Antwerp
R-Logitech will exit the capital, while PMV and SFPIM will remain shareholders
China, exports are growing but ports are slowing down
Beijing
In August, global foreign trade increased by +19.8%, but international goods handled by seaports decreased by -2.3%.
From Puertos del Estado to Ports of Italy: the same inspiration, an opposite outcome.
Genoa
For port reform, the government is referring to the Spanish model, but is building the exact opposite: yet another counter that the Italian corporate spirit knows how to invent so well.
Maritime ETS: Brussels opens up to hybrid and electric ferries, but Interferry demands more.
Brussels
The proposed revision strengthens the SMAP mechanism but leaves the issue of port networks and infrastructure to AFIR and FuelEU Maritime
Seafarer killed aboard bulk carrier attacked in the Strait of Hormuz
New Delhi/Southampton/Tehran
The other crew members were rescued.
Freight traffic in the ports of Genoa and Savona-Vado continues to oscillate between signs of recovery and slowdown
Genoa
In July, volumes increased in both Ligurian ports
Trasportounito offers an automatic system to adjust road haulage rates to the price of diesel.
Rome
Seafarers, five years after the Code of Conduct, the gap between policy and reality remains.
London
Shipping companies' compliance is growing, but issues remain regarding fatigue, psychological safety, complaints and recruitment fees.
Last month, ship traffic in the Suez Canal increased by +26.9%
Ismailia
In the first eight months of 2026, it was crossed by 9,602 ships (+17.4%)
Decision on crucial rail section of Scandinavian-Mediterranean Corridor in Germany postponed again
Hamburg
German port operators are calling for an acceleration of both new infrastructure and the upgrading of the existing line.
Kuehne+Nagel agrees to long-term strategic partnership with Amazon
Schindellegi
The agreement includes a call option on existing shares of the logistics group
MSC in talks to acquire German shipbuilding group Meyer Werft
New York
Currently, 80.73% of the capital is held by the German Federal Government and the State of Lower Saxony.
Trafigura creates a new shipping company dedicated to oil transport
Geneva
Initially Volare Shipping has a fleet of six VLCCs plus eight under construction
Shipowners are calling on EU member states to approve the inclusion of two Indian shipyards in the European list of ship recycling facilities.
Brussels
The new headquarters of the Italian Merchant Marine Academy has been inaugurated in Genoa.
Genoa
French ports see a balance between increases and decreases in the second quarter.
Paris
Total traffic reached 71.1 million tons (-0.2%). Containers increased by 8.1%.
The Genoa Port Master Plan, the Pra' dock, and the Multedo chemical depots are the thorniest issues in the discussions with operators and the local community.
Genoa
Crosetto: The Italian Navy will ensure the safe transit of Italian ships through the Strait of Bab el-Mandeb.
La Spezia
We have - the Minister of Defense underlined - the capabilities to protect its passage
Assiterminal: Seabed certainty and planned dredging are essential for port competitiveness.
Genoa
Mordeglia: We don't just need a simpler rule, we need a predictable one.
Germany is reforming VAT to make its ports more competitive.
Hamburg
The Conference of Finance Ministers approves the compensation model that should eliminate the pre-financing of the tax from 2030
Saudi Arabia denounces that the Houthis are pursuing a policy aimed at "strangling the Straits", holding the international community hostage
New York
The UN Security Council is divided between condemnations and calls for negotiations.
WTO: A reform of the trading system could increase global GDP by 3% by 2050
Geneva
The World Trade Report 2026 warns of the costs of fragmentation: up to 7% less global GDP in a world dominated by free trade agreements
One in ten containers is not up to standard
Washington
WSC publishes 2025 inspection data: out of 93,079 units inspected in seven countries, 9,645 had deficiencies
The World Shipping Council (WSC), the international association representing the world's leading container shipowners, has urged member states...
Maersk and Hapag-Lloyd to bring back four services on the Suez Canal route
Copenhagen/Hamburg
The lines connect Asia with Europe/Mediterranean
Neri and Nova Marine Carriers Groups to Control Calata Orlando Terminal
Lugano
The Livorno terminal will be the subject of a significant investment
Cavotec and EVIAS sign agreement for charging electric port vehicles on the move.
Stockholm
The Swedish company becomes the exclusive distributor and installer for the port sector of the French company's technologies
Hapag-Lloyd signs agreement with DP World to secure terminal capacity in Africa
Hamburg
The agreement concerns the ports of Dakar, Luanda, Dar es Salaam, Banana and Maputo
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
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
New attacks on ships in the Strait of Hormuz
Southampton/Tehran
IRGC Navy strikes US naval drone
Port of Long Beach reports record container traffic for August
Long Beach
In the first eight months of 2026, volumes grew by +1.3%
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
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
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
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.
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.
APM Terminals Signs Agreement to Develop Nigeria's Badagry Port
Copenhagen
Four kilometers of docks with a draft of -18 meters would be built
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
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.
Canadian unions want BC Ferries to build new ferries in British Columbia
Delta
The company's latest order was to Chinese company CMI Weihai
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
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
Port of Genoa: Messina Terminal workers strike for one hour for a month
Genoa
The company reports that one of the union members did not show up at the last meeting as part of the cooling-off procedure provided for by the National Collective Labour Agreement.
Port of Taranto, agreement to participate in the development of the Valbasento Interporto in Ferrandina.
Matera/Taranto
A logistical-functional masterplan will be developed within 180 days
Attica, the deficit is reduced thanks mainly to capital gains and coverage
Kallithea
First half of the year with fewer crossings and slightly increasing revenues
Since the beginning of the year, passengers and goods on GNV ships have increased by +2% and +5%
Marrakech
Three-year strategic partnership with the Office National Marocain du Tourisme
Escola Europea - Intermodal Transport celebrates its 20th anniversary
Barcelona
A Mediterranean sea voyage between Barcelona, Civitavecchia, Palermo, and Genoa.
Filt Cgil, recognize maritime and port work as arduous
Rome
The union is calling for a clear provision to be included in the next budget law.
Tanker attacked in Hormuz
Southampton
The unit continued its navigation regularly
FS Logistix and Interporto Bologna presented the first Italian experimental DAC train
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
Sanilog launches a special cancer prevention campaign.
Rome
Three new areas dedicated to the prevention of head and neck and oral cavity cancers and the assessment of vascular risk
Contract awarded for dredging and completion of the electrification of the docks at the port of Gioia Tauro.
Gioia Tauro
They will be carried out respectively by Dravo and RTI Saet-Suardi
Student Naval Architect Award Awarded in Genoa
Genoa
The d'Amico Group and the Royal Institution of Naval Architects recognize excellence in naval engineering.
Freight transport is more expensive for Malta: €35 million per year between ETS, FuelEU and BAF
Zebbug
The hauliers' association calls on the government to challenge a European policy designed for the continent.
CMA CGM has finalized the acquisition of FedEx Supply Chain.
Marseille/Atlanta
With the transaction, CEVA Logistics' presence in North America has tripled.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Contships to order 10 feeder vessels with options for a further 10+10
Athens
Letter of intent with China's Hubei Guangji Green Energy Shipbuilding Group Co.
DP World signs agreement to develop deepwater port in Nigeria's Ogun State.
Dubai
The project includes approximately four kilometers of docks
New port regulations for Civitavecchia, Fiumicino, and Gaeta have been approved.
Civitavecchia
The procedural agreement with Interminal in Gaeta has been approved.
Kotug Acquires Majority Stake in Vortex Offshore
Rotterdam
The Dubai-based company provides maritime services to the offshore industry in the Middle East.
Over €1.9 billion in Spain to improve road and rail connections between ports
Madrid
Port authorities will contribute 875.1 million euros
Attica Holdings sold the ro-pax vessel Levka Ori for €8.3 million.
Kallithea
The ferry was built in 1987
DFDS's Trieste-Damietta ro-ro service will become bi-weekly in mid-October
Copenhagen
Inserting a second vessel into the route
The Italian Merchant Marine Academy increases cooperation with the Port of Durres.
Genoa
A memorandum of understanding has been signed
A volume on the history of the Tuscan port system will be presented in Livorno on Friday.
Livorno
A comparison of the key players in the port sector: from the reforms of the 1990s to the challenges of the future.
Suardiaz takes delivery of a 5,000-car LNG-powered car carrier
Madrid
A second PCTC vessel is expected in mid-2027
Hapag-Lloyd raises its 2026 outlook further
Hamburg
Strong demand and rising spot freight rates are pushing the company to significantly increase its EBITDA and EBIT forecasts.
UNIPORT's public meeting will be held in Rome on October 6th.
Rome
Debate on port reform and other relevant aspects of the sector
Pilot project for the production and use of green hydrogen at the port of Savona
Savona
Paroli (Western Ligurian Port Authority): a port area has been identified for work.
Tarros and Nurminen Logistics launch new Scandinavian-Mediterranean intermodal service
La Spezia/Helsinki
The land route connects Örebro, Parma and La Spezia
The first caisson of the breakwater protecting the regasification plant off the coast of Ravenna has been laid.
Ravenna
The maritime work will be approximately 900 metres long
Fincantieri and PT PAL sign agreement for the modernization of an Indonesian Navy vessel
Trieste
This is the "Kri Sriwijaya" unit (formerly "Giuseppe Garibaldi")
In Italy, the blue economy is worth 225 billion, and the nautical industry alone exceeds 10 billion in exports.
Rome
SACE's Focus On presented at the Genoa Boat Show
Fire aboard the Blue Star Ferries ro-ro vessel Blue Carrier 2
Kallithea
The 29 people on board were evacuated
Costs and timescales for the reconstruction of the four US Navy shipyards are rising exponentially.
Washington
If in 2018 21 billion dollars and 20 years of work were expected, today the estimate is 200 billion and at least 50 years.
Shipping faces its triple challenge: decarbonization, geopolitics, and the new geography of the automotive industry.
Chaff
At the Euromed Convention in Grimaldi, the sector is dealing with new environmental regulations, increasingly exposed routes and the shift of automotive production towards Southeast Asia.
Orizzonte Sistemi Navali signs a €3.7 billion contract for two destroyers
Trieste
The "Domenico Millelire" PPA has been delivered to the Navy.
Livorno: The Supreme Court of Cassation overturns the convictions in the Darsena Toscana docks affair.
Rome
The appeal ruling overturned the court's acquittal and convicted three defendants of ideological forgery.
The Port of Rijeka expects to close 2026 with a record container traffic of 800,000 TEUs.
River
With the new terminal on the island of Krk, traffic could rise to 1.7 million TEUs
Offshore wind energy funding: Pichetto reassures Taranto, but Taranto demands certainty.
Taranto
The 2026 funding for the Apulian port drops to €13.9 million. Gugliotti hopes for a formal confirmation of the remaining resources in 2027.
Port reform: The majority pushes ahead with Porti d'Italia SpA
Rome
The Chamber's Transport Committee rejects the opposition's suppressive amendments.
Gela's Porto Rifugio has received a favorable opinion for dredging the port's waters.
Palermo
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
Assologistica event to discuss the Mediterranean strategy for Italian competitiveness
Rome
It will be held next October 30th in Naples
UNIPORT's public meeting will be held in Rome on October 6th.
Rome
Debate on port reform and other relevant aspects of the sector
››› Meetings File
PRESS REVIEW
Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave
(South China Morning Post)
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Greenbrier Europe to produce NIK transshipment system for TX Logistik
Troisdorf/Berlin
Allows rapid loading of non-craneable semi-trailers onto trains
Maersk opens its own logistics center in the heart of Germany
Herleshausen
Located in Herleshausen, it has a surface area of 71,800 square meters
South Korea's HJ Shipbuilding & Construction Co. wins orders for four new 10,100 TEU containerships
Busan
The contract has a total value of approximately 500 million dollars.
Democratic Party: The government's port reform paves the way for privatization of Italian ports.
Rome
Ghio and Misiani: it also takes resources and skills away from the territories
Port self-production: The Council of State denies the segmentability of the authorization pursuant to Article 16, paragraph 3.
Rome
Cartour's "partial" authorization in the port of Salerno has been suspended.
Port of Miami closes fiscal 2026 with record cruise traffic
Miami
The threshold of ten million passengers has been exceeded, compared to 8.56 million in the previous financial year.
The Grimaldi Group has taken delivery of the new pure car and truck carrier Grande Egitto.
Naples
Its load capacity reaches 9,800 ceu
Port reform will be discussed in Genoa on October 2nd.
Genoa
Workshop organized by the AdSP and the Altero Matteoli association
Fratelli Cosulich strengthens its logistics network with the opening of Express Global Dubai
Dubai
Teresa Cosulich will be responsible for the new logistics office.
"A Sea of Switzerland" will be held in Lugano on October 9th
Lugano
Ninth edition of the International Forum on Transport and Infrastructure
New attack on a ship in the Strait of Hormuz
Southampton
A bullet caused minor injuries to two crew members
Brullo Group orders three 40,800-ton deadweight oil/chemical tanker vessels
Rome
Order to the Chinese shipyard Anhui Shipyard
A new megayacht production, maintenance, and storage hub opens in Trieste.
Trieste
Trieste Shipyards was founded by Seadock (Samer group) and Yachting Expertise and is owned by Friulia
Confitarma applauds the government's initiative to protect Italian ships in the Red Sea.
Rome
Zanetti: Maritime security is, in effect, a component of national economic security
Unions approve the platform for the single collective bargaining agreement for the shipping industry.
Rome
Filt, Fit and Uilt, is structured around three central elements such as salary, protection, participation and thirteen concrete requests
FHP Intermodal is increasing the frequency of its freight rail service between Fiorenzuola and Incoronata/Bari.
Milan
It goes up to five days a week
This year over 2,000 large yachts operated along the Italian coasts
Rome
Plus 10% for owned boats and a substantially stable trend for chartered ones
The event "Cyber-resilience in the maritime sector: defense, regulations, and European cooperation" will be held in Rome on Tuesday.
Rome
It is organized by Var Group and Confitarma
Smeup, with the acquisition of HTG, expands its portfolio in the logistics and transport sector
Erbusco
The Turin-based company specializes in the development of proprietary software
Saudi Arabian ports: Liquid bulk throughput to decline sharply in 2025
Riyadh
Total traffic fell to 298.3 million tonnes (-10.9%)
A delegation from the Lithuanian port of Klaipeda visited the port of Livorno
Livorno
In-depth comparison of their respective infrastructure development plans
New OOCL service between the Western Mediterranean and Canada
Hong Kong
Collaboration with Ocean Alliance companies and other carriers
The port's future is at the center of the event celebrating the 80th anniversary of Assosped Venezia and Asamar Veneto.
Venice
A conference on Friday will be the highlight of the festival
Increase in port workers at the ports of Monfalcone and Milazzo
Rome
Green light from the General Directorate for Ports, Logistics and Intermodality of the Ministry of the Interior.
Cargo traffic in Greek ports is sharply declining
Piraeus
Stagnation in passenger numbers
Mercitalia Shunting & Terminal has purchased eight Eurolight Dual bimodal locomotives
Rome
Container traffic in the port of Hong Kong grew by 22.1% last month.
Hong Kong
Total for the first eight months of 2026 unchanged
AGV Expo, a new European trade fair dedicated to self-guided vehicles, will be held in Piacenza next month.
Genoa
The event will also host a rich program of conferences
Massive transnational fraud discovered in the road haulage sector
Chieti
Illegal employment of non-EU workers
Cargo traffic at the port of Singapore decreased by -4.9% in August
Singapore
In the first eight months of 2026, the port handled 30.7 million containers (+4.2%)
Cochin Shipyard and Drydocks World to jointly develop new international ship repair center in Cochin
Mumbai
An Iranian merchant ship was hit in the Strait of Hormuz
Tehran/Southampton
One sailor died and four other crew members were injured.
In July, freight traffic in the port of Ravenna grew by +6.7%
Ravenna
A sharp decline of -21.2% is expected for August
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
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.
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.
VTG sells its UK subsidiary VTG Rail UK to pension fund USS
Hamburg
The company operates in the railway freight wagon leasing sector.
The Genoa Coast Guard reaches its 100th Port State Control inspection of 2026.
Genoa
More than 250 deficiencies have been detected so far
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