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Independent journal on economy and transport policy
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BRIEFS
April 2, 2019
Sched Netweb site
  • Cosco Shipping warns industry outlook faces risks as 2018 profit halved
  • Automation adds to appeal of OOIL's LBCT for potential buyers
  • HMM's twelve newbuild 23,000 TEU mega-ships to be fitted with scrubbers
  • Clarksons inks agreement to buy Safe Harbour Tanker Chartering
  • Daimler invests in Torc Robotics to manufacture autonomous trucks
  • North American rail traffic falls 7.9pc, but boxes up 1.3pc
  • Kansas City airport breaks ground on new terminal to open in 2023
  • PIA makes arrangements to launch direct Faisalabad-Jeddah flights
  • 40,000 bees from Egypt arrive at UAE's Ras Al Khaimah airport

Exim Indiaweb site
APRIL 1, 2019
  • Aim to make MOL Group a collection of businesses that have clear advantage & boast the highest competitiveness, says President & CEO
  • CEVA appoints Global Head of OceanProcurement & Tradelane Management
  • COSCO SHIPPING Lines'TPEB Fuel Surcharge Adjustment Plan 2019-2020
  • IRClass Executive Chairman meets IMO Secretary-General
  • ISF-5 Enforcement by US Customs
  • Japan's Nisshin Shipping enteringgas shipping market
  • ONE celebrating 1st anniversary
  • Panalpina & DSV agree to join forces
  • SCFI Asia to US West Coastspot rates see notable increase
  • Deendayal Port is No. 1 again among Major Ports with over 115 mt handled in 2018-19
  • Rotterdam Port in key inland shipping initiative for container movement
  • Railways' freight handling heading for a new high
  • GST collection peaks in March
  • Iran approves double taxation avoidance agreement with India

International Transport Journalweb site
  • Merger with brakes manufacturer
  • Elvis fosters warehousing
  • Green light for turning assistant
  • Volker Möller appointed sales manager for Opheo
  • Brussels and Montevideo set up pharma lane
  • New digital tool for the port of Strasbourg
  • China-Kyrgyzstan-Uzbekistan railway goes ahead
  • DB Schenker relocates to BUD Cargo City
  • New director for the port of Rouen
  • DSC Logistics promotes Ken Heller
  • Negotiations between Maritime Kuhn and Bolloré Ports France
  • EDI transactions surge in Thailand
  • Shuttle links Rostock with Lovosice
  • U-Freight strengthens partnership with Easyship
  • "Curiosity of the Day"
  • Airline brings honeybees to Ras Al Khaimah
  • TIL to become sole owner of MCT in Gioia Tauro

The Loadstarweb site
APRIL 1, 2019
  • DSV wins the battle to take over Panalpina in $4.72bn deal
  • Amazon spreads its wings in the air cargo sector as it buys into Atlas and ATSG
  • Sale of Gioia Tauro's Medcenter Container Terminal finalised
  • A year on, ONE now 'better equipped' to deliver on its pre-launch promises
  • Shippers' council slams block exemption rule and calls for liner consortia reform
  • Major players expand operations in South-east Asia with Vietnam the focus
  • Shipchain may allay fears over data control as digitalisation spreads
  • Marc Papenhoff is InstaFreight's new director of business development
  • Under the radar: Xpediator's last push to secure Intereuropa purchase
  • Supply chain radar: Panalpina agrees to increased DSV offer - here is the trouble DSV is buying into

Marine Logweb site
APRIL 1, 2019
  • Algoma takes delivery of 2010-built product tanker
    St. Catharines, Ontario, headquartered Algoma Tankers Limited, an operating unit of Algoma Central Corporation (TSX: ALC), reports that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in
  • ClassNK spells out its basic approach to cyber security
    Classification society ClassNK has outlined its basic approach to ensuring onboard cyber security for ships in the ClassNK Cyber Security Approach, released alongside its Guidelines for Designing Cyber Security Onboard Ships for
  • Enhanced Bio-UV BWTS cuts required holding time
    France's Bio-UV Group has successfully tested an enhanced Bio-Sea ballast water treatment system designed to reduce the time that treated water has to be held onboard ship prior to discharge overboard. Shipowners
  • Kongsberg completes Rolls-Royce Commercial Marine acquisition
    Following European Commission approval, Norway's Kongsberg Gruppen has today completed the acquisition of Rolls-Royce Commercial Marine (RRCM). Officially part of Kongsberg Maritime, RRCM will operate under the Kongsberg brand and the Kongsberg
  • DMT Marine Equipment appoints U.S. sales partner
    Galati, Romania, headquartered DMT Marine Equipment has appointed Kurt W. Bullard as its U.S. partner in sales and after-sales. Dutch-owned DMT specializes in the design and manufacture of heavy-duty marine winches and
  • Wärtsilä expands its underwater servicing capabilities
    Wärtsilä's Trident subsidiary has extended its underwater-related servicing capabilities with the opening of a new diving center in Fujairah, United Arab Emirates. This expansion into a major global shipping region will enhance

Lloyd's Listweb site
APRIL 1, 2019
  • Bugbee predicts sulphur cap chaos
    Scorpio Bulkers president says fuel price spread and scrubber payback may be higher than generally expected
  • Cosco Shipping Holdings executive says scale is key for carriers
    Container shipping and port arm reported more than $180m in net profits for 2018, having received a large amount of...
  • Natural disasters continue to generate marine insurance losses
    Hurricane Florence and Typhoons Mangkhut and Jebi were singled out as resulting in major marine claims last year, while Hurricanes...
  • MPC Container Ships in share buy-back programme
    The 2017 start-up remains as yet unprofitable, but it has been gobbling up common shares
  • Carriers' capacity discipline keeps rates in check
    Supply cuts on the transpacific are already having an impact on the spot market, with rates to the US west...
  • Vitol chooses TMS Cardiff Gas for first long LNG charter
    Energy and commodities trader signs 10-year charter deal leaving only one of Greek owner's 11 newbuildings uncovered
  • IMO moves against fraudulent ship registrations
    Responsibility for monitoring and certifying ship registries shifts to individual governments
  • Japanese lines turn towards offshore in 2019
    Setting out priorities for the year, Mr Ikeda highlighted LNG fuel, data-driven autonomous vessels and workplace reforms as key areas...
  • Box shipping would remain competitive with further consolidation
    Fears of reduced competition on the majority of trades are unwarranted, even if further consolidation occurs
  • Joining China's economic drive could unlock Italy's port potential
    As part of a $2.8bn investment pledge under its memorandum of understanding with Italy, China will look to enhance the...
  • DSV agrees to buy Panalpina for $4.6bn
    Panalpina board advises shareholders to accept improved offer from DSV that will create the world's fourth-largest freight logistics company with...
  • Daily Briefing
    US urges marine insurers to adopt North Korea AIS switch-off clauses | Chinese rival challenges Singapore for bunkering business |...
  • Coal to gas switch - another bitter pill for dry bulk owners
    In addition to iron ore trade contracting in 2019, Stifel expects thermal coal trade, which makes up about 19% of...
  • China Merchants Port sees Chinese business 'squeezed'
    Global container trade slowed while Beijing stepped up efforts to reduce port charges from the second half of last year...
  • New York looks to bring tech innovators into maritime
    Data providers, academia, vessel managers and investors sponsored an event seeking the outside experts who can tackle the maritime industry's...
  • New Jersey pharma firm launches lawsuit over spilled containers
    The lost medication was valued at $209,220, but Heritage is seeking $220,802, a total that includes additional freight costs and...
  • LA port union elects new president ahead of APM Terminals talks
    Mr Familathe co-ordinated the relationship with International Longshore and Warehouse Union affiliates outside the US such as ILWU Canada and...
  • Sinapore LNG names former Vopak executive as chief
    Tan Soo Koong is a 30-year veteran in the energy and petrochemical sector. He was responsible for overseeing Vopak's five...
  • Seaspan commits to $200m rescue financing for Swiber
    Seaspan has signed a definitive investment agreement calling on the boxship player to pump equity into Swiber and its LNG-to-power...
  • Malaysia's Yinson emerges as white knight for Ezion
    Ezion's shares last changed hands at S$0.043 on February 26 before they were suspended but this deal will capitalise up...

The Journal of Commerceweb site
APRIL 1, 2019
  • Asia-US schedule reliability falls to new low
  • Biggest US truckers grab larger market share
  • Ocean carriers offer demurrage dispute reforms
  • Standardization, security key to India port portal
  • DSV: Takeover deal puts Panalpina on profit track
  • Q&A: The evolution of project logistics

TradeWindsweb site
APRIL 1, 2019
  • George Youroukos: trade war the best thing for container shipping in many years
    US-China tussle has put ship ordering 'in check', says Global Ship Lease executive chairman George Youroukos.
  • Investment? Shipowners told they need to earn it
    There's not much mystery why stock buyers have turned their backs on shipping listings, but what can owners do to lure them back?
  • Dorian's John Lycouris: US LPG export supply capped by infrastructure
    The US is hitting the upper limit on LPG exports, Dorian LPG chief executive John Lycouris told attendees at the Capital Link International Shipping Forum in New York Monday. Issues at the Mariner East pipeline in Pennsylvania and at the port of Houston have effectively capped texports at the mid-30 million tonnes per annum range, he said. Dorian still looking at LPG fuel VLGC giant Dorian LPG
  • IMC-Yongyue to run repair yard for Valemaxes in Brazil
    A new US-funded Brazilian shipyard start-up is looking to China for technology. The planned Brasil Basin Drydock Co (BBDC) yard in the state of Paraiba, around 120 kilometres (75 miles) from Recife in the north-east of the country, will use the high-pressure water dry-docking methods developed at Zhoushan IMC-Yongyue Shipyard and Engineering Co (IMC-YY) from the start. The BBDC yard will contra
  • Scorpio's Bugbee: Eve of IMO 2020 will be 'chaos'
    Charterers will 'wait and see' before committing to one or the other by 2020, Scorpio Bulkers chief executive Robert Bugbee says.
  • Scorpio Bulkers secures more cash to fit scrubbers
    The shipowner now has a total of $52.8m in cash to finance exhaust gas cleaning systems on its vessels
  • Tanker and cruiseship damaged in collision
    A tanker has suffered damage above the waterline in a collision with a river cruiseship in the Netherlands. NOS reported that the incident in the early hours of Monday involved the 14,300-dwt Chemical Marketer (built 2004) and a vessel called Viking Idun, according to Safety Region Zeeland. The clash happened in the Westerschelde in Terneuzen. No injuries or pollution were reported. Chemical M
  • Navios Maritime Acquisition confirms VLCC sale price
    US-listed Navios Maritime Acquisition has confirmed the sale of its oldest tanker. Navios Maritime Acquisition sells oldest VLCC to Nathalin It said the 299,000-dwt VLCC C. Dream (built 2000) has gone for $21.75m. TradeWinds reported last week that Thai owner Nathalin was the buyer. Nathalin subsidiary Prima Marine now controls the ship as Crystal Star. Greek brokers had said the Hitachi Zose
  • How Abenomics could trump the rise of US protectionism
    Sino-US tensions have hit Japan's Big Three shipowners - but Tokyo's global ambitions could grow seaborne trade
  • EU clears Mercuria's Aegean takeover
    The European Commission has approved Mercuria Energy's takeover of restructured Aegean Marine Petroleum Network Inc. It concluded that the proposed transaction would raise no competition concerns as the companies have a limited position in the markets where their activities overlap. Aegean Marine to exit Chapter 11 next week The transaction was examined under the simplified merger review proced
  • Navigator reveals new finance deals as result turns red
    US-listed Navigator Holdings has revealed new financing deals as it fell to a loss in the fourth quarter. The LPG carrier owner said the net deficit to 31 December was $3.9m, against a profit of $1.4m in 2017. Navigator Holdings to ride US ethane-based petrochemical boom with versatile fleet Revenue rose 2% to $78.2m, but interest costs increased by $2m. The average time charter equivalent rat
  • Borr Drilling buys half-price rig, gets long-term contracts
    Borr has bagged a bargain and has confirmed new employment for its other rigs
  • Cosco inks LSFO deal with Petro China
    Cosco is sourcing low-sulphur bunkers from Petro China subsidiary Double Rich. It has signed a deal for fuel not exceeding 0.5%, it said. The giant Chinese state shipowner said it is actively preparing for IMO 2020 and will achieve compliance by "multi-sourcing", according to Bunkerspot. This includes research and development, and the use of scrubbers. It has installed these exhaust cleaning
  • Kistefos boss Bengt Rem banks large bonus increase
    Kistefos owner Christen Sveaas is generously rewarding company boss Bengt Rem for the company's results for 2018. According to the just-released annual report for the Norwegian diversified investment company, Rem received remuneration of NOK 23.6m ($2.75m), up from NOK 8m for 2017. NOK 20m of last year's compensation to Rem was a bonus. Kistefos, which is wholly owned by Sveaas whose investment
  • NYK enters geophysical survey sector
    Japan's NYK has signed a domestic contract that will see it enter the geophysical survey sector. It has sealed a 10-year consignment service agreement for its Ocean Geo-Frontier (OGF) venture in a deal with Japan Oil, Gas and Metals National Corporation (JOGMEC). PGS sells survey ship to Japan for $100m OGF was formed last year with Hitachi and Norwegian shipowner PGS Geophysical. PGS sold the
  • Piraeus Bank cuts bad loans by $6.2bn
    Greek shipping lender looking to reduce non-performing exposure by another $17bn by 2021.
  • Vroon wins walk-to-work contract with Total
    Total E&P Nederland has contracted one of Vroon Offshore Services' walk-to-work units for use in Dutch waters of the North Sea. The unit, VOS Start (built 2017), will provide accommodation for personnel while Total undertakes planned maintenance work at one of its offshore platforms. The vessel has a 50-tonne active-heave-compensated crane and is able to accommodate up to 60 people. Cancelled V
  • Bondholders forcing sale of Boa duo
    Bondholders of a Boa Offshore company are to sell its only two vessels. Norway's Boa SBL said on Monday that Nordic Trustee and the bondholders' legal advisors had informed it they are in the process of disposing of the 80-loa survey ships Boa Galatea (built 2009) and Boa Thalassa (built 2008). They have asked Boa to co-operate with the move, otherwise they will use an option in the bond agreeme
  • Clarksons: offshore dominoes falling into place?
    The North Sea OSV rate recovery is having a positive effect on the West African sector, but elsewhere the upturn is a matter of timing and geography, according to UK broker Clarksons. Analyst Calum Kennedy believes key offshore metrics are more varied than is sometimes realised, with some parts of the market having seen greater improvements than expected while others remained stubbornly weak. Ow
  • Seabury Maritime teams with BASS
    US shipping advisor Seabury Maritime is teaming up with Norway-based fleet management company BASS Software. It will advise BASS on strategy and business development, including a new focus on North America. Fernando Lehrer, Seabury Maritime's head of marine services, said: "The partnership between Seabury Maritime and BASS combines the best-in-breed solutions for our clients in the maritime indu
  • Golden Energy adds to charter backlog
    Norway's Golden Energy Offshore Services (GEOS) has revealed details of extra charter work for two of its ships. Golden Energy buying OSV owner GEOM The company said the large 5,300-dwt platform supply vessel (PSV) Energy Swan (built 2005) has signed an extension with Wintershall Norge. The vessel has been on a four-year term deal since 2013, with five years of options. It will now stay with W
  • CDB firms up four bulkers at New Dayang
    China Development Bank Financial Leasing (CDB FL) has signed contracts for another four bulkers at New Dayang Shipbuilding. Clarksons reported that the 63,500-dwt ultramaxes will be delivered in August and November 2020, as well as in 2021. CDB contracted six 82,000-dwt bulkers at the yard in January. New Dayang marks relaunch with China Development Bank Financial Leasing bulker dozen TradeWin
  • Ikeda resets MOL's focus in "rough seas"
    MOL CEO Junichiro Ikeda is focusing on competitiveness and environmental innovation as the Japanese company begins its new financial year. In an address to staff, he launched the shipowner's "rolling plan 2019", concentrating on developing the emissions-free business into one of its future core operations. The company will also "invest management resources in fields where we have the greatest st
  • Chairman Cho leaves Hanjin Heavy yard group
    Hanjin Heavy Industries & Construction chairman Cho Nam-Ho has left the board following the company's takeover by creditors in a debt swap. The Korean yard said shareholders have approved a proposal to name a new president and CEO to replace Cho, who had said he would step down following its restructuring. Earlier this month it was reported that university professor Lee Byung-mo was being brough
  • UN tribunal looms for ABC tanker held in Nigeria
    Switzerland is to take legal action following the seizure of an ABC Maritime tanker in Nigeria in January 2018. Swiss media reported that talks have failed to secure the release of the 7,600-dwt San Padre Pio (built 2012), which is anchored near Port Harcourt. Gulf of Guinea piracy spike continues into 2019 A year ago, the Nigerian navy said in a statement that the vessel, with 16 Ukrainian cre
  • Fairfax India grabs 41% stake in Seven Islands Shipping
    Indian shipowner eyes further expansion following investment from Canadian firm.
  • Highrich Logistics handy sells for a bargain price
    Low auction price for Highrich Logistics's Long Bright is due to protracted spell in lay-up.
  • Wintermar Offshore Marine ends the year in the red
    Indonesian offshore vessel operator said 2018 was challenging year, despite good start.
  • Vitol breaks new ground with charter of TMS Cardiff Gas LNG carrier newbuilding
    Growing Greek gas carrier player left with just one open ship as it strikes debut deal with trader.
  • GIIGNL logs another bumper growth year for LNG in 2018
    Annual statistics for importers group show average LNG charter rates almost doubled last year compared to those recorded in 2017

American Shipperweb site
APRIL 1, 2019
  • DSV to acquire Panalpina for $4.6 billion
    DSV's will acquire Panalpina in an all-stock deal to create the world's fourth largest freight forwarder.
  • Amazon's air cargo hold strengthens
    Online retailer and supply chain services provider is expected to increase its ownership in cargo aircraft operators, Atlas Air and ATSG, with stock offerings that accompany additional plane leases.
  • Customs brokers on SW border brace for delays
    CBP's deployment of 750 officers to assist with the the immigration crisis has customs brokers along the Southwest border worried about backlogs of trucked imports.
  • Nearly 235,000 U.S. bridges need repair, study finds
  • Commentary: Signing the line on compliance commitment
  • Two execs indicted for defective dehumidifier imports
  • NRC clarifies nuclear export reporting requirements

The Bunker Bulletinweb site
APRIL 1, 2019
  • Refinery utilization uptick likely eroded US crude supply overhang last week: survey
    US crude inventories likely edged lower last week amid a modest uptick in refinery utilization, according to analysts surveyed by S&P Global Platts Monday.
  • OIL QUARTERLY: Fuel oil to remain strong as IMO 2020 preparations ramp up
    The high sulfur fuel oil market saw counter-seasonal strength in the first quarter due to increased demand from Asia for European cargoes.
  • TANKERS: The time is now for bunker buyers to find fuel: Capital Link Forum
    Bunker buyers should find their fuel suppliers as soon as possible, as compatibility and availability of compliant low sulfur fuel and scrubber-ready high sulfur fuel remains uncertain ahead of the January 1, 2020, implementation of the International Maritime Organization 0.5% sulfur bunker fuel regulation, panelists on the IMO 2020 & Beyond forum at Capital Link Forum said Monday.
  • Iraq's crude oil exports fall 6.7% on OPEC cuts, bad weather
    Iraq's crude oil exports fell 6.7% in March as output cuts and bad weather curbed supplies from OPEC's second-biggest producer.
  • Poland's Lotos has no plans to focus on 0.5% sulfur bunker market
    Polish refiner Grupa Lotos plans to focus on marine fuels with 0.1% sulfur content or less, rather than 0.5% sulfur fuel when the International Maritime Organization's new sulfur cap comes into force in January 2020.
  • FUEL FOR THOUGHT: Houston's shipping bottleneck could curb port's expansion
    An impasse has emerged between key operators on the Houston Ship Channel -- a critical lifeline for growing US energy exports -- as thriving activity in both tanker and container shipping has exacerbated competition for space.
  • External: Praxis Energy Agents DMCC
  • Vopak Singapore to commission Sebarok terminal expansion by end-2019
    Petroleum storage company Royal Vopak is expanding its capacity in Singapore with the addition of four new tanks at its Sebarok terminal that will be commissioned by the end of 2019, a company spokeswoman said Monday.
  • FUTURES: Crude rises on supply concerns
  • ICE April Singapore HSFO open interest down 9.4% to 11.12 mil mt
  • External: Global Risk Management

›››File
FROM THE HOME PAGE
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
The threat to shipping in the Red Sea grows as Houthis seize Perim Island.
Sana'a/Hamburg
German shipowners warn that the possibility of returning to the Suez route is further removed
New attacks on ships in the Strait of Hormuz
Southampton/Tehran
IRGC Navy strikes US naval drone
Port of Long Beach reports record container traffic for August
Long Beach
In the first eight months of 2026, volumes grew by +1.3%
WSC reports that containers full of lithium batteries can be shipped without being identified as dangerous goods
Washington
Kramek: People, ports, ships and the marine environment at risk
T&E, the EU Commission's proposed revision of the ETS for shipping is a hesitant step forward.
Brussels
If the system is extended to small naval units - the association highlights - however, exemptions and derogations risk nullifying its climate impact.
Transalpine rail freight traffic still under pressure despite economic recovery
Transalpine rail freight traffic still under pressure despite economic recovery
Bern
The road runs faster than the rail
Artificial intelligence drives global trade, despite Middle East and tariffs
Artificial intelligence drives global trade, despite Middle East and tariffs
Geneva
The WTO's barometer is rising. Demand for semiconductors and electronic components is offsetting geopolitical tensions.
Green light for €1.35 billion in investment in the port of Bremerhaven.
Bremen
It is the largest amount of funding the federal government has ever allocated to a project in the state.
APM Terminals Signs Agreement to Develop Nigeria's Badagry Port
Copenhagen
Four kilometers of docks with a draft of -18 meters would be built
Renaissance Partners has signed a binding agreement to acquire De Wave Group.
Genoa/Milan
The Genoese company will be sold by the American company Platinum Equity
Decarbonizing shipping: a €36 billion challenge and a €45 billion opportunity for Italy
Cernobbio
Without investments in ports, Italy risks losing 80 billion euros in added value by 2050.
Canadian unions want BC Ferries to build new ferries in British Columbia
Delta
The company's latest order was to Chinese company CMI Weihai
Filt, Fit, and Uilt should withdraw the amendment that puts port businesses and cooperatives at risk under Article 17.
Rome
The unions fear the progressive replacement of a structural function of the port with precarious forms of work
Norwegian Nor Cruises signs MoU with China's SWS for 2+3 new cruise ships
Shanghai
The units would have a gross tonnage of 84,000 tons
In July, ship traffic in the Suez Canal increased by +27%
Cairo
In the first seven months of this year, maritime traffic was 8,244 ships (+15.9%)
Tomorrow Kombiverkehr will launch an intermodal connection between Regensburg and the Interporto Quadrante Europa
IMO, the Net-Zero Framework remains stalemate: agreement on carbon pricing is still lacking.
London
38 states voted in favor and 17 against. Formal adoption postponed until December.
Brussels launches the Maritime Industrial Alliance
Brussels
The EMA, the new EU instrument to coordinate industry, member states, and investors in the maritime sector, is born.
The safety and sustainability of ship recycling operations must also be guaranteed in the downstream work phases of the supply chain
Geneva
This is underlined by the representatives of the unions belonging to IndustriALL Global Union
Study to create a maritime corridor between the UK and the US using nuclear-powered container ships
London
Two Filipino sailors killed from ship attacked Monday in the Strait of Hormuz
Riyadh
Bahri VLCC Sidr hit
Shipowners' associations welcome proposal to include two Indian shipyards in EU list of ship recycling facilities
Brussels
BIMCO, ECSA, ICS, Intercargo, Intertanko and WSC consider this an important step towards addressing the structural capacity shortage in the European list
In Panama, the provision that protected the confidentiality of port concession contracts has been repealed
Balboa
The Panama Maritime Authority has accepted the request for transparency made by President José Raúl Mulino.
Fincantieri and TKMS sign agreement to strengthen collaboration in the underwater segment.
Trieste/Kiel
The agreement does not provide for mergers or acquisitions
Philippine terminal operator ICTSI to acquire African port operator TLG
Manila
The company operates in Mozambique, Namibia and South Africa
EU ship recycling facilities are operating well below capacity as European vessels continue to be dismantled in Asia
Brussels
This is reported by a study by Shipbreaking Platform and Transport & Environment
In the second quarter, cargo traffic in the Moroccan port of Tangier Med reached a new record
Anjra
Growth of +6% recorded in the first six months of 2026
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Hong Kong
The Chinese group has ordered 12 new 22,000 TEU container ships and six 3,200 TEU ones.
G20 trade accelerates in second quarter
Paris
Imports of goods and trade in services are driving growth, while exports are maintaining a strong pace
La Spezia Container Terminal invests €90 million in port equipment for the new Ravano Terminal.
La Spezia
OOIL's half-year results are weighed down by the negative performance of the first quarter
Hong Kong
The January-June period closed with a net profit of 729.3 million dollars (-23.6%)
Port of Livorno: The Regional Administrative Court (TAR) has annulled the extension of the coastal landscape restriction to the port and hinterland areas.
Florence/Livorno
SBB CFF FFS Cargo returned to profit in the first half of the year
Bern
The Swiss group's trains transported over six million passengers (+1.3%)
White House denounces practice of "illegal" port transshipment to evade U.S. tariffs
Washington
IMO urges naval missions to counter rising piracy in the Gulf of Aden
London/Riyadh/Southampton
The very large crude carrier "Amzan" of the Saudi company Bahri was attacked in the Red Sea.
CMA CGM and Red Sea Gateway Terminal finalize agreement for Terminal 4 at Jeddah Port
Paris
The planned investment amounts to approximately 434 million dollars
The slowdown in the Chinese economy is reflected in port traffic
The slowdown in the Chinese economy is reflected in port traffic
Beijing
In July, overall traffic decreased by -3.4%, with a contraction that no longer only concerns domestic trade, but is also starting to affect goods with foreign countries.
In the second quarter, freight traffic in the port of Bremen/Bremerhaven grew by +6.0%
Bremen
In the first six months of 2026 the increase was +5.9%
Fincantieri and Viking convert options into orders for two new cruise ships
Trieste
A ship was boarded by pirates in the Gulf of Aden
Southampton
The unit was forced to head towards Somalia
CK Hutchison initiates international arbitration proceedings against the Republic of Panama
Hong Kong
The action follows a similar one by its subsidiary PPC. The lawsuit seeks damages of $2 billion and over $1.5 billion.
Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II
Hamburg
The Maersk Group company will retain operational control of the Dutch terminal
The German company Hapag-Lloyd has signed an agreement with APM Terminals, the terminal operator of the AP Møller-Mærsk shipping group, for
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
In July, freight traffic in the port of Ravenna grew by +6.7%
Ravenna
A sharp decline of -21.2% is expected for August
Giulio Stoppa is the new general secretary of Trasportounito
Rome
A choice of continuity that at the same time marks the beginning of a new phase
The launching ceremony of Viking Astrea took place at the Fincantieri shipyard in Ancona
Ancona/Los Angeles
Viking's Board has authorized a share buyback program of up to $1 billion.
Meyer Werft begins construction of the Carnival Tropicale cruise ship
Papenburg
With a gross tonnage of 180,000 tons, it will be able to accommodate over 6,000 passengers.
VTG sells its UK subsidiary VTG Rail UK to pension fund USS
Hamburg
The company operates in the railway freight wagon leasing sector.
The Genoa Coast Guard reaches its 100th Port State Control inspection of 2026.
Genoa
More than 250 deficiencies have been detected so far
ABB and Oceanly collaborate to integrate and optimize ship performance and operations
Genoa
Strategic agreement between Federlogistica and the Port of Xiamen
Genoa
Feasibility study for a maritime connection between the Chinese port and Genoa
Container traffic at the Port of Los Angeles remained stable in August
Los Angeles
The increase in empty garages has offset the decrease in full ones
Gulftainer to acquire stake in Thailand's Suksawat Terminal
Sharjah/Bangkok
It is located on the Chao Phraya River, in Bangkok
Robo.ai establishes a company specializing in maritime and submarine security
Abu Dhabi
Al-Mansory: We will produce locally and provide solutions for markets around the world
Kombiverkehr has taken full control of Spanish company Combiberia
Frankfurt am Main
The shares were acquired from the other 20 members
US forces hit five Iranian oil tankers
Tampa
Attacks in the Gulf of Oman and near Kharg Island
Conditions met for the acquisition of AD Ports by Abu Dhabi's sovereign wealth fund
Abu Dhabi
Construction of the above-ground section of Genoa's new breakwater has begun.
Milan
Construction of the wave barrier is underway
For the first time, a woman leads the Panama Canal Authority.
Balboa
Engineer Ilya Espino de Marotta's term will expire in 2033.
Blu Navy has acquired a stake in Banca dell'Elba
Portoferraio
Schenone: We are a group united by the desire to contribute to the economic and social development of the island.
HMM signs a contract worth approximately $3.5 billion with Vale
Seoul
It involves the maritime transport of iron ore on behalf of the Brazilian company
Kongsberg Maritime signs deal to buy Finland's Steerprop
Oslo
The Rauma-based company designs and manufactures marine propulsion systems
New drug seizure in the port of Livorno
Livorno
53 kilograms of pure cocaine in a container from Peru
In the first three months of 2026, freight traffic in Belgian ports fell by -4.0%
Brussels
Landings and embarkations decreased by -2.0% and -6.4% respectively
A series of meetings on the new Port System Master Plan for the ports of Genoa and Savona-Vado has begun.
Genoa
The new concession agreement with Amico & Co Spa has been finalized.
Port of Ravenna: Extraordinary maintenance of the "truck-accessible" section of Via Baiona has been approved.
Ravenna
MacGregor will celebrate the 65th anniversary of its Italian branch in Genoa
Genoa
The company is based in the Naval Repair area of the port of Genoa
Anemoi wind propulsion system to be installed on a Maersk container ship
London
The aim is to increase the ship's energy efficiency and reduce its emissions.
The selection process for the new Secretary General of the Central-Northern Adriatic Sea Port Authority has begun.
Ravenna
Expressions of interest to be submitted by September 21st
MacGregor opens a new technical assistance center in Trieste
Stockholm
The main focus will be the European area, including the specialized megayacht sector.
Tanker hit by three shells in the Strait of Hormuz
Southampton
An accident also in the Indian Ocean
Floriana Gallucci is the new secretary general of the Ionian Sea Port Authority.
Taranto
The Management Committee of the institution has approved the appointment
Crew of ferry that sank in Northern Cyprus arrested
Nicosia
Eight people died in the accident. 17 other passengers are missing.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Singamas's profit halved in the first half of 2026
Hong Kong
The Chinese company is focusing on energy containers. During the period, sales of specialized containers exceeded those of standard boxes for the first time.
CIMC sells more containers, but profits plummet
Hong Kong
Half-year profit in this business segment fell by -81.2%
In the first half of this year, China
COSCO Shipping Ports reports record quarterly and half-year revenues
Hong Kong
Net income for the first six months of 2026 was $276.6 million (+23.2%)
In the first six months of 2026, CMPort's revenues grew by +13%
Hong Kong
Net profit up 7.4%
Meyer Werft revenues to grow by 107% in 2025
Papenburg
The financial year ended with a net loss of -383.8 million euros
Messina will launch the new West Med Line scheduled service in September
Genoa
It will bring together existing services for Algeria and Libya
The launch of the luxury cruise ship Oceania Sonata was celebrated in Marghera
Trieste
The unit is scheduled for delivery in 2027.
Tarros will include the port of Salerno in its Italy-Libya Express service.
La Spezia
The vessel "Vento di Zefiro" will be placed on the route
MPCC reports declining quarterly results as part of fleet renewal plan
Oslo
Kuehne+Nagel's honorary president has died.
Schindellegi
Klaus-Michael Kühne had joined the family business in 1958
A shipment of 65 kilograms of cocaine was seized in the port of Livorno.
Livorno
It would have brought in around 20 million euros to the criminals
In July, Spanish ports handled 47.7 million tonnes of goods (-1.8%)
Madrid
Containers amounted to 1,581,071 teu (-5.6%)
Join us at the Communion and Liberation Meeting in Rimini
Rome
Participation in the exhibition area of the Ministry of Infrastructure and Transport
Port of Ravenna: Executive project for redevelopment of the "Ex Carni" area begins
Ravenna
The aim is to give full functionality to a new logistics and industrial sector in the port area
Container traffic in the port of Algeciras decreased by 11.4% in July.
Algeciras
In the first seven months of 2026 the decline was -3.3%
Hupac will strengthen its intermodal service between Basel and Busto Arsizio.
Noise
An eighth weekly rotation will be introduced from September 7th
Sallaum creates a company for land logistics of cars in Europe
Vilnius
It will initially be equipped with 50 car transporters and the fleet will reach 300 vehicles by 2029
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta 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 conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
HD Hyundai Heavy Industries Ends Joint Venture Plan for Block Factory with India's Cochin Shipyard
(Maeil Business Newspaper)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
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