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31 July 2025 - Year XXIX
Independent journal on economy and transport policy
01:28 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
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
In the first six months of 2025, orders totaled 14.7 billion euros (+93.5%)
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
CMA CGM's net profit fell by 140% in the second quarter.
Marseille
Revenues stable. The French shipping group is interested in acquiring Hutchison Ports' terminals.
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
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