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01 July 2025 - Year XXIX
Independent journal on economy and transport policy
18:30 GMT+2
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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
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
Freight traffic in French ports stable in the first quarter of 2025
The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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