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BRIEFS
November 7, 2019
Sched Netweb site
  • Xi Jinping commits to global trading order as US trade accord nears
  • Danaos quarterly profit falls 73pc to US$33.9 million as sales slip 5pc
  • Westports Q3 profit up 11.9pc to US$38 million as revenues rise 10.3pc
  • Risk management factors make La Spezia the Med port to watch
  • Hong Kong holds Asian Logistics Maritime Conference on Nov 19-20
  • Uber Freight in Canada facilitates cross-border trade after EU growth
  • DHL launches fastest rail freight service between China and Germany
  • Macao's September land container cargo soars 36.7pc to 2,213 tonnes
  • UPS is ready for holiday volumes, already making deliveries by drone
  • NY-NJ port upgrades to surpass Long Beach in throughput rankings
  • North America's Q3 intermodal volumes fall 3.7pc, but upturn expected
  • Hong Kong air cargo slows, but e-commerce to come to rescue: DHL
  • India's IndiGo orders 300 planes, Airbus' biggest order from one airline
  • Airbus scoops orders as Boeing flounders after fatal 737 Max crashes

Exim Indiaweb site
NOVEMBER 6, 2019
  • Boxco Logistics handles heaviest single consignment at New Mangalore Port
  • CPO Tankers becomes ZEABORN Tankers
  • First BIMSTEC Ports' Conclave to focus on furthering coastal shipping & ex-im trade
  • India has gained in exports due to US-China trade war, says study
  • Steel consumption in India set for quantum jump: Dharmendra Pradhan
  • Trade agreements with US & European Union being explored

International Transport Journalweb site
  • Irma's first flight connected to Iran
  • Schweizerzug links Niederglatt with Antwerp
  • Wels to become a key hub for West-South traffic
  • Industrial zone in Port Trois-Rivieres takes off
  • Raben Group to take over Fenthol & Sandtmann
  • GAC becomes Aberdeen FC's official logistics partner
  • Transpacific connection - part I
  • Better rail transport interoperability in Dutch network
  • More electric cars in bremenports
  • Geis sells Central European parcel business to DPD Group
  • Dnata's DWC pharma ops now Iata CEIV certified
  • Collett wins FTA award
  • More capacity for Norwegian beverage supplier
  • Michelle Ho to head the China branch at UPS
  • Transpacific connection - part II
  • "Curiosity of the Day"
  • New tool improves risk assessment and cost analysis
  • Rotterdam tightens its international links

The Loadstarweb site
NOVEMBER 6, 2019
  • Decision not to install scrubbers could prove expensive for ONE
  • Its 'winning strategy' delivers as Expeditors weathers 'challenging' market
  • Australian box terminal operators offset falling volumes by hiking fees
  • 'Ship agents must reinvent themselves, or they won't survive'
  • Comment: The Brexit message to logistics providers is 'be prepared'
  • Sharon Page becomes director freight forwarding Europe for Tigers
  • Jury awards $93.6m to former terminal operator at Portland
  • Horrific ways people-smugglers traffic migrants
  • Beverage logistics veteran Chris Porter to develop business for Kukla
  • Globaltruck brings in logistics specialist Ilya Sattarov as new CEO
  • Supply chain radar: Keep the faith in 'best of breed' Expeditors at your own risk
  • M&A radar: Hapag-Lloyd - something's brewing in Hamburg's secret rooms...
  • Supply chain radar: From bad to worse at Atlas Air
  • On the wires: Gefco hunting for value-drivers...

Marine Logweb site
NOVEMBER 6, 2019
  • VIDEO: AI pilot project saves fuel on Stena Line ferry
    Leading European ferry operator Stena Lines says that a pilot project has shown that fuel consumption can be cut using artificial intelligence (AI) technology to predict the most fuel-efficient way to operate
  • Terntank orders hybrid tanker duo
    Swedish based Terntank, a pioneer of LNG as a marine fuel, is taking the next step towards carbon-neutral shipping. It has ordered two new 15,000 dwt chemical/product/biofuels tankers at China's AVIC Dingheng
  • Osage Marine Services takes delivery of first of two newbuild towboats
    Master Marine, Inc, Bayou La Batre, Ala., has delivered the M/V Charlie T, the first of two vessels ordered at the shipyard by Osage Marine Services, Inc., St. Louis, Mo. Both are

Lloyd's Listweb site
NOVEMBER 6, 2019
  • Greek shipping minister urges 'practical solutions' to 2020 implementation issues
    'We need to ensure global availability of compliant fuels and resolve all issues related to compliance, quality and safety requirements...
  • Shipping's future relies on industry chain unity, says Cosco Shipping chairman
    The Global Shipping Industry Chain Co-operation Initiative has been launched at the 2019 Word Shipping Summit, with the initial enrolment...
  • Karamanlis urges graduates to find new solutions
    Former Greek Prime Minister Kostas Karamanlis tells the next generation of shipping leaders that 'shipping, trade, and finance do not...
  • Owner of targeted vessel may quit Gulf of Guinea over crime risk
    Nine crew members from one of Norway-based JJ Ugland's bulkers were abducted off the coast of Benin in West Africa...
  • US says Cosco is not untouchable
    US Deputy Assistant Secretary of State warns the industry still has some way to go, despite progress in ensuring sanctions...
  • More carriers add transitional fuel charges
    Maersk, CMA CGM and Hamburg Süd introduce emergency bunker charges
  • Norden eyes 'positive' end to year after losses narrow
    The company expects to benefit from its scrubber programme, which is well under way. By the end of the year...
  • Zeaborn rebrands CPO Tankers after takeover
    'Zeaborn Tankers will operate as a legally independent company under the brand name Zeaborn Ship Management ... thus expanding the...
  • IMO to discuss new carbon-cutting regulations
    Pressure is on regulators to make progress on new decarbonisation measures during negotiations at IMO next week
  • Daily Briefing
    Free to read: 'Shipping cannot meet 2050 emissions goal' | Opec forecasts 'less severe' IMO 2020 implementation | Xi pledges...
  • Tanker owners delay scrubber retrofits to cash in on rate rises
    Tankers are being lured to the market by high spot rates not seen in more than a decade
  • Maersk to trial auxiliary battery power system
    Containerised battery system will help reduce generator loads and lower fuel consumption
  • Cargill, Maersk Tankers, and Mitsui & Co start work on fuel-saving technologies
    The three companies, which bring together ship types and expertise from two key shipping sectors, hope their Njord project will...
  • Hong Kong pushes forward with blockchain project for trade finance
    The network's member banks will be able to leverage trusted data to streamline their trade finance approval operations, improve risk...
  • Trafigura unveils blockchain trade platform in Singapore
    Trafigura has come together with DBS Bank, Infocomm Media Development Authority, the International Chamber of Commerce, Enterprise Singapore and tradetech...
  • Hafnia raises $230m in private placement
    The product tanker company's shares are expected to start trading on the Oslo Stock Exchange this week
  • Seafarers face risk of mental health issues
    The research, funded by the Institution of Occupational Safety and Health, urges shipping companies to provide greater support for workers...

The Journal of Commerceweb site
NOVEMBER 6, 2019
  • G2 Ocean banks on wind to double project cargo revenues
  • US truck drivers racking up speeding violations
  • Carriers unveil spot low-sulfur surcharges
  • India inks Bangladesh coastal pact to deepen inland waterway reach
  • Scrubber benefits emerge as bunker fuel spread widens
  • MPV/HL sector nearing a recovery?
  • CargoSmart links shipment data, trade finance blockchains

TradeWindsweb site
NOVEMBER 6, 2019
  • Analysts lower GasLog expectations despite positive outlook
    Two analysts have lowered expectations for GasLog after the company fell short of expectations on its third quarter earnings. The New York-listed gas carrier owner posted $25.5m in adjusted profit for the three months ending 30 September, good for $0.01 in adjusted earnings per share - much lower than the $0.07 consensus. GasLog profits fall as revenues rise in strengthening market GasLog also
  • Eagle Bulk misses Wall Street consensus amid 'volatile' quarter
    Eagle Bulk Shipping landed on the red side of the ledger amid an unpredictable market, falling short of analysts' estimates. The Gary Vogel-led owner of supramaxes and ultramaxes posted a $4.56m deficit for the third quarter versus a $2.58m profit for the same period in 2018. Loss per share came in at $0.06, missing analysts' expectations by $0.04. Revenue gained $5.1m to $74.1m, but that was of
  • Genco Shipping to issue its first dividend in several years
    Company institutes regular quarterly dividend policy
  • BC Ferries orders four more vessels from Damen Shipyard
    British Columbia Ferry Services has awarded a contract for four battery electric-hybrid ferries from Damen Shipyards after ordering two such vessels from the Dutch yard in 2017. The Quebec owner of 35 ferries announced the latest order Wednesday and expects the "island-class" ships to enter service in 2022. The company, also known as BC Ferries, in June 2017 awarded a contract to Damen to build
  • US says Cosco sanctions prove no one is "too big to fail"
    Washington hopes the sanctions on two offshoot of Chinese state conglomerate set an example to the shipping industry, according to the State Department
  • Shell forecasts LNG supply gap amid demand growth
    Producer Cheniere is optimistic new capacity will continue to be absorbed but others like BP see oversupply looming
  • MOL and Gazocean set for new Total LNGBV charter
    Duo that supplied original pioneering unit is expected to win second contract as energy major gears up for next CMA CGM ships
  • GasLog profits fall as revenues rise in strengthening market
    The Paul Wogan-led company predicts a "structurally tighter" market in 2020 and 2021
  • ExxonMobil charter shows willingness to pick up older tankers
    In spite of increased focus on new and modern tonnage, oil majors are still showing a willing to take on some older vessels on time charters, albeit at a somewhat lower rate. European brokers reported this week that ExxonMobil has fixed a 16-year-old aframax from Sea World Management & Trading of Greece for a year. The Texas energy major has reportedly taken the 106,000-dwt Sea Beech (built 20
  • Hermes Marine fights back against Phoenix VLCC deal cancellation
    Ghassan Ghandour's Hermes Marine Management said it will seek compensation from Phoenix Tankers for cancelling a planned VLCC transaction between the two companies last month. As TradeWinds reported at the time, Phoenix went back on a deal to sell the 302,000-dwt VLCC Phoenix Vanguard (built 2007). Phoenix Tankers renews effort to sell VLCC in buoyant market An executive of Singapore-based
  • Tax rolls reveal substantial bills for Norway's shipowners - except for the richest
    The official lists of how much individuals are paying in taxes in Norway was made publicly available this week. But attention has focused on the 2018 tax bills, or lack thereof, for the country's two richest shipping moguls. John Fredriksen and Torstein Hagen are not paying income tax in Norway. Fredriksen, with a calculated wealth of NOK 114bn ($13.3bn) is a Cypriot citizen. Hagen, a Switzerla
  • Does Diana Shipping's family plan work in public markets?
    Governance watchdog takes aim at daughter, in-law appointments for two companies led by Simeon Palios.
  • Hafnia takes $230m from scaled-back Oslo deal
    Original targets pulled back across the board, but Mikael Skov-led product giant puts positive face on its impending Axess listing.
  • Global Ship Lease beats estimates with stronger ledger
    GSL exits the third quarter with a stronger capital structure that is ripe for growth and includes two used vessel buys, according to its chief executive.
  • Norden aiming to return cash to shareholders
    Norden aims to return more cash to shareholders in the future and is tweaking its capital structure ahead of what it expects to be a strong fourth, according to its chief executive. Norden narrows its loss and plans share buyback This year to date has seen the Copenhagen-listed firm sell nine vessels, reduce its capital expenditure and announce a share buyback scheme, which commenced today. Ja
  • Niriis Shipping expands managed fleet amid Greek hunt for panamax bulkers
    Greek outfit renews and expands fleet amid rising number of deals for ageing panamaxes
  • Battery in a box to boost Maersk's emissions fight
    Containerised 600 kWh power system will be trialled next month
  • Greek start-up Eco Carriers Maritime snaps up Neda Maritime supramax
    Dry bulk outfit picks up one of several ships bigger Greek companies are looking to shed
  • Hanjin Heavy wins $60m oil spill ship order
    South Korean shipbuilder to build first large OSRV for country's government
  • Discount on high-sulphur fuel deepens as IMO 2020 approaches
    Despite a slower-than-expected switchover, the price spreads between high-sulphur fuel oil and IMO 2020-'compliant bunkers are gradually widening
  • Ammonia and hydrogen jockey to overtake LNG as future fuels
    Efforts are ramping up to move straight to greener alternatives for marine bunkers
  • Gas-busters: How Cargill, Mitsui & Co and Maersk Tankers aim to help you cut carbon
    Cargill, Mitsui & Co and Maersk Tankers to trial eco techniques and technologies and ultimately aim to share them for a cut of the fuel savings
  • FSL Trust eyes expansion as it turns around loss
    Chairman Stathis Topouzoglou says tanker and boxship owner will continue to explore strategic alternatives
  • CPO Tankers starts trading as Zeaborn Tankers
    Zeaborn's move into the tanker sector gets a new look
  • Hyundai Glovis car carrier hit by English Channel storm
    Another unwelcome cargo loss for the South Korean car carrier operator
  • Companies linked to Fincantieri raided in corruption probe
    Italian financial police investigating alleged fraud and worker exploitation at 19 companies working for yard giant
  • Race to cut carbon from shipping gathers leaders in Singapore
    Day-to-day challenges and rivalries were put aside for a couple of days last week when around 230 maritime industry leaders gathered in Singapore to help mould the future shape of shipping in a fast-changing world. The second annual Global Maritime Forum was dominated by the question of how to push ahead with the decarbonisation of an industry built on fossil fuels. Sohmen-Pao champions $70bn ca
  • Sinokor floats two ageing steam-turbine LNG carriers for sale
    South Korean owner to sell 1980s-built ships after recently reactivating them
  • Panamax rates slide as trade war bites into US soybean exports to China
    Chinese coal imports will be 'the swing factor' in helping lift rates for final months of the year
  • Captain among hostages as JJ Ugland considers route change
    Norwegian owner says "relentless" efforts continue to free nine Filipinos seized off Benin
  • Guangdong Dapeng charters LNG pair to cover for ships hit by US-Cosco sanctions
    Chinese importer Guangdong Dapeng LNG (GD LNG) has chartered in two LNG carriers to lift cargoes from Australia in place of six ships hit by US sanctions imposed on Cosco entities. Data intelligence analyst Kpler has identified a Sinokor Merchant Marine ship - the 140,708-cbm HongKong Energy (ex-Northwest Swan, built 2004) - and said GD LNG has also fixed NYK Line's 149,700-cbm Grace Barleria (bu
  • Oxygen tanker case heads to trial despite banks' bid for judgement
    UK court refuses bid for summary judgment despite lenders being prepared to temporarily accept their actions caused loan breach by Greek owner
  • Norden narrows its loss and plans share buyback
    Scrubber installations onboard Norden's tankers have impacted the Danish owner's third-quarter results, although it was a different story for its dry segments. Norden lowers full-year forecast on accounting error Meanwhile, Norden said its board has decided to initiate a share buy-back programme of up to $10m in total. Norden recorded an adjusted net loss of $4.0m for the three-month period, w
  • Stena AI trial cuts fuel use by 3%
    Ferry used artificial intelligence system to predict most efficient way to use bunkers
  • Lukoil adds to fleet with GEFO tanker buys
    Russian oil producer adds veteran vessels from German owner
  • EU to tackle ro-ro fires
    Brussels seeks technical solution to worrying safety problem
  • S'Hail Shipping buying more bulkers and eyeing OSVs
    Expanding Qatar owner targets more ships to meet demand
  • Odfjell adds world's biggest stainless steel chemical tanker
    Norwegian owner redelivers chartered vessel but gets hands on Hudong newbuilding
  • Seafarers' mental health at risk, says UK university
    Companies urged to offer more support to crew
  • K Line orders Newcastlemax at Japan Marine United
    Scrubber-fitted newbuilding to be employed by steel maker JFE on consecutive voyage charters
  • Trafigura and DBS start Singapore blockchain trade platform
    First trade will involve iron ore cargo worth $20m to be shipped from Africa to China
  • Thenamaris ups LPG bet with third order at HMD
    Greek owner Thenamaris has exercised an option for a further LPG carrier newbuilding at Hyundai Mipo Dockyard (HMD), market sources said. Managers at the Martinos family company did not immediately comment on the information. However, several online ship directories already list the shipowner with the newbuilding, which would be the third in a series of LPG vessels due for delivery in 2021. Th
  • Libya struggles to boost crude exports amid continued security concerns
    Libya's hopes of maintaining crude oil exports of 1 million barrels per day (bpd) look to have suffered a further setback, latest analysis shows. Libya said to be targeting return of VLCC loadings "Loadings of crude oil seem to have moved lower so far in October, with volumes not surpassing 900,000 bpd during the first three weeks of this month," said Fotios Katsoulas, liquid bulk analyst for ma

American Shipperweb site
NOVEMBER 6, 2019
  • NFI executive addresses change and challenges in the trucking industry
    With experience in both freight brokering and non-asset-based logistics, David Broering addresses the challenges facing the ever-changing trucking industry.
  • Snowstorm to slam northern New England
    First snowstorm of the season for interior Northeast is "right on schedule." Up to eight inches for some mountain spots.
  • FLEETCOR reports increases in fuel and toll revenue
    Fuel card and business payments provider, FLEETCOR, reports increases in fuel and toll revenue. Management said that they are seeing general softness across all trucking...
  • Amazon to build second robotics development facility in Massachusetts
  • Canadian National sees record western grain volumes in October
    Railway rebounds after slow start in August and September.
  • Lufthansa cabin crew strike forces flight cancellations
    Air cargo shipments may be delayed
  • US voters approve state, local transportation funding
    Ballot initiatives included a tax on ride-sharing companies in San Francisco.
  • For Global Ship Lease, small is beautiful - and so is IMO 2020
    Global Ship Lease says it focuses on trade lanes responsible for 70% of global container trade and not the big East-West trades.
  • Freight Futures daily curve: 11/6
    Trucking Freight Futures mostly unchanged on Tuesday in quiet trading session.
  • Railroad groups seek changes to hours of service mandate
    U.S. rail trade associations say changes will help employees responding to unplanned events.
  • CBP investigates $31 million cocaine seizure at Port of Savannah
    U.S. Customs and Border Protection officers found the drugs stuffed in duffel bags inside a container load of scrap aluminum and copper en route to...
  • GE aviation leasing arm changes CEO
    GE [NYSE: GE] on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will...
  • Today's Pickup: India gains $755 million in additional exports to the U.S. due to U.S.-China trade war
    India gains $755 million in U.S. exports in H1 2019; OPEC braces for drastic drop in oil demand; Tesla is charging ahead in the electric...
  • Efstathiou buys German freight-tech mainstay Burmester & Vogel
    Evan Efstathiou has just bought his way into the maritime tech landscape.
  • Snow, severe storms to give truckers trouble
    Severe storms, flash flooding, several inches of snow in store across the lower 48 states through rest of the week.
  • Jury delivers victory to LTL carrier in pricing dispute with Amazon
    One of the biggest U.S. shippers put increasingly tough terms on carrier, leading to lawsuit.
  • Customs broker exam takers give testing conditions poor grade
    The NCBFAA, which represents the customs brokerage industry, has become increasingly upset with the management at the Customs and Border Protection-contracted test sites and the...
  • Roadrunner incurs heavy losses amid restructuring
    Roadrunner's third quarter earnings report resembled a triage list indicating that the company's restructuring path will be a bumpy one.
  • Convoy employee earned his chops managing real convoys - in Iraq
    Lorin Seeks, Convoy's director of quality and compliance, spent nine years leading logistics as a captain in the U.S. Army Transportation Corps.
  • Platform facilitates reverse bidding to streamline shipper-carrier spot market collaboration
    Rates can quickly become dated and the lack of real-time transparency in these movements can result in lost opportunities for both shippers and carriers.
  • Mother Nature turns Midwestern spuds to duds
    "We've only harvested 40% of our acres and still have about 60% in the ground." Tens of millions of dollars of potato crops damaged.

The Bunker Bulletinweb site
NOVEMBER 6, 2019
  • Sinopec's Shanghai Petrochemical starts commercial LSFO production
    "The first commercial cargo of LSFO has been shipped to Gaoqiao port in Shanghai for bonded bunkering ... "
  • Tankers may begin switch to VLSFO bunkers in November: Ardmore Shipping
    During the call Tuesday, the company included an outlook on the switch from high sulfur bunker fuel.
  • GCC Bunkers ceases offering IMO 380 in USGC ports ahead of IMO 2020: source
    GCC Bunkers is no longer offering IFO 380 in its US Gulf Coast markets as it switches exclusively to 0.5%S bunkers.
  • Crude rebound stalls as US stocks build, China doubts
    Crude futures followed equities lower Wednesday on news that a meeting between the US and China on trade may be delayed.

›››File
FROM THE HOME PAGE
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Over two tons of cocaine seized in the port of Genoa
Genoa
Once placed on the market, the drug would have earned criminal organizations around 1.5 billion euros.
Seatrade acquires strategic stake in JR Shipping
Harlingen
The Dutch company will continue to operate as an independent and autonomous organisation
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
In 2025, Ningbo-Zhoushan confirmed its position as the world's leading port in terms of total cargo traffic.
Ningbo
Over 1.4 billion tons of cargo were moved. Approximately 43 million containers were transported.
In 2025 the port of Ravenna recorded its new historical record for annual freight traffic
Ravenna
Never-before-seen volume of cargo handled in the fourth quarter alone
The Sardinian Port Authority relies on the Financial Times' AI-based consultancy to understand which strategies, projects, and infrastructures to implement.
Cagliari
Direct award of an estimated value of 140,000 euros
The disposal of sediment from dredging in the port of La Spezia at the new breakwater in Genoa has been approved.
La Spezia
Approval has been granted for the transfer of 282,000 cubic meters to be carried out during 2026.
In November, ship traffic in the Suez Canal increased by +16.0%
Cairo
In the first eleven months of 2025, 11,620 ships passed through (-4.8%)
ABB to build shore power systems at three container terminals in the Port of Rotterdam
Rotterdam/Zurich
They will be able to recharge up to 32 container ships simultaneously
Cargo traffic in Chinese seaports grew by 5.8% last month.
Cargo traffic in Chinese seaports grew by 5.8% last month.
Beijing
Foreign cargoes increased by 8.2%. Containers increased by 8.9%.
Freewheeling, the increase in highway tolls certifies the failure of the government and Minister Salvini's road haulage policies.
Modena
Franchini: First excise duties, now tolls; a double blow that directly affects small businesses.
Trasportounito attributes responsibility for the increases in motorway tolls to the Constitutional Court and the ART
Genoa/Rome
Casu and Simiani (PD): But is it the judges' fault if Salvini can't be a minister?
Xtera Topco will be acquired by a joint venture owned by Prysmian (80%) and Fincantieri (20%)
Milan/Trieste
The transaction involves an enterprise value of $65 million
China launches drill to test cutting Taiwan's maritime links
Beijing
Maneuvers near the main port areas
In October, freight traffic in the ports of Genoa and Savona-Vado decreased by -1.8%
Genoa
In the first ten months of 2025, 52.9 million tonnes were handled (-1.0%)
On January 1st, the presidency of the UIRR will be assumed by Jürgen Albersmann
Brussels
He is vice president and CEO of Contargo
A Maersk Line ship has returned to transit the Suez Canal
A Maersk Line ship has returned to transit the Suez Canal
Ismailia
Rabie: Normal traffic levels will be reached in the region in the second half of 2026
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
The Coral Adventurer cruise ship ran aground in Papua New Guinea.
Port Moresby
No harm to people on board
d'Amico International Shipping orders two new MR1 product tankers from Guangzhou Shipyard International.
Port of Gioia Tauro: Anchorage fee reduction approved again
Gioia Tauro
A total sum of 1.5 million euros has been allocated
The Council of State has confirmed the legitimacy of the tender for the new Ravano Pier in La Spezia.
Rome/La Spezia
The TAR ruling for Liguria has been confirmed.
Hupac will launch a new shuttle train service between Duisburg and Novara.
Noise
Schedule six rotations per week
Ferry docking slots for Piombino and Elba Island in 2026 have been assigned.
Livorno
Project financing process for the first hydrogen production plant in the port of La Spezia
La Spezia
Project to provide "mobile" supplies to vehicles such as locomotives and boats
The new hydrofoil terminal at the port of Messina will be named after a victim of femicide.
Messina
The initiative to remember Omayma Benghaloum
Three new e-RTG yard cranes have arrived at the PSA Venice-Vecon terminal
Venice
Investment of 8.5 million euros
Fincantieri delivers second multipurpose combat ship to the Indonesian Navy
Trieste
Ceremony at the Muggiano shipyard
In June the Grendi group will equip itself with a fifth ro-ro vessel
Genoa
It will have a load capacity of 3,000 linear meters
The employment contract renewal for transport and logistics company managers has been signed.
Rome
Signed today by Manageritalia and Confetra
Brussels has approved the loan to rescue the rail freight company Lineas.
Brussels
Sixty-one million euros granted by the Belgian government
Green Mobility Partners and KKR Partner to Create European Rail Leasing Platform
Frankfurt
American company invests in GMP
Saipem wins offshore EPCI contract in Qatar
Milan
The contract is worth approximately $3.1 billion.
Wärtsilä sells its Gas Solutions division to German private equity firm Mutares.
Helsinki/Munich
Bank of China finances purchase of Grimaldi Euromed's Grande Melbourne
Amount of 57 million euros
GeneSYS Informatica (Fratelli Cosulich) has acquired 51% of the capital of Navimeteo
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
Bulgarian court rejects extradition of Russian owner of a ship linked to Beirut port blast
(ABCNEWS.com)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
KSOE wins $466 million order for four container ships
Lysaker/Seongnam
NYK and Ocean Yield Award Order for Four New LNG Carriers
ONE's Adriatic Service 1 will also make stops at the port of Ancona
Singapore
The line to Damietta has a weekly frequency
Consolidation work on the Riva quay at the port of Ortona has been completed.
Ancona
Thirteen million is the cost for the adaptation of the infrastructure
Vard has signed a cooperation agreement with the Norwegian research institute Norce
Ålesund
It concerns all fields of research and innovation in the naval sector
Energy transition, regulatory simplification, competitiveness of the maritime industry, and port governance are Confitarma's priorities.
Rome
Federlogistica reports the project cargo's inability to travel on Northwest highways.
Genoa
Falteri: We are facing a real systemic crisis.
ZIM shareholders reach agreement again
Haifa
Agreement reached on candidates for the renewal of the board of directors
Merger by incorporation of Degrosolutions into CLS
Milan
Castelli: We aim to strengthen our growth path in the Italian forklift market.
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