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Independent journal on economy and transport policy
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BRIEFS
October 11, 2019
Sched Netweb site
  • IMO 2020 silver lining for shippers and carriers alike, Shenzhen TPM conference told
  • IMO 2020 rule to leave container shipping lines with US$11b fuel bill
  • US places 28 Chinese organisations on Entity List for alleged human rights violations
  • US export figures show China no longer 'a developing nation'
  • Phase 1 of DP World's deepwater port in Ecuador is operating successfully
  • Busan New Port starts dredging work costing US$20.4m to attract mega box ships
  • CITPL raises the bar for terminal productivity in south and east India
  • Grounded B737 Max to resume service in mid-January: American Airlines
  • FAA gives the go-ahead for UPS drones to operate
  • Logistical headache in Vietnam with booming air freight exports to US

Exim Indiaweb site
OCTOBER 10, 2019
  • Container cash guarantees seen needing updating
  • Ocean Network Express (Europe) accredited AEO
  • Robust ocean exports seen driving India's trade
  • Steel exports up during first 6 months
  • Ports in Holland & partners preparing for possible no-deal Brexit
  • Sagarmala aims at over 3,300 mtpa of port capacity by 2025
  • Truck operators seek more specific support to tide over difficult time
  • India down on global competitiveness index, but high in macroeconomic stability & market size
  • Gujarat Maritime Horizon 2019 is where the fraternity is headed to in Ahmedabad today

International Transport Journalweb site
  • Large ships need help
  • New intermodal services in East and Southeast Europe
  • Europa starts work on GBP 60 million logistics project
  • USA: more than 6,000 vehicles to join natural gas fleet
  • Founder of the Huettemann Group dies
  • Dry ice replenishment in the Arabian desert
  • Panattoni invests in Leipzig
  • New Street Scooters with a higher additional load
  • Shipowners better prepared for sulphur cap than expected?
  • Rainer Liebhart to manage air cargo logistics
  • Free passage restored for 15,000 vessels a year
  • Atran Airlines grows fleet to six full freighters
  • "Curiosity of the Day"
  • Avon Freight Group to use new facility in Redditch
  • Preparing for UK's peak bridge strike season in October
  • Jaxport's board of directors elects new officers
  • First flat rail operation in the Philippines
  • Salzburg airport makes a stand

The Loadstarweb site
OCTOBER 10, 2019
  • Supply chain radar: Is XPO Logistics back on the M&A trail?
  • HMRC estimate of post-Brexit customs bill for shippers 'wide of the mark'
  • Panama Canal use by box ships slows only slightly, but there's worse to come
  • Astral drones wait on African runway for green light to take off
  • El Al books first online freight shipment after joining cargo.one
  • UPS makes $450m investment in gas-powered trucks
  • Why lightning strikes twice as much over shipping lanes
  • Analysis: Kuehne versus Kuehne just as the Danes close in...

Marine Logweb site
OCTOBER 10, 2019
  • Ingalls expands Shipbuilder Academy program
    Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division hosted a ribbon-cutting ceremony on Tuesday for its new Shipbuilder Academy site in Gulfport, Miss. The Shipbuilder Academy was established in 2016 at Ingalls'
  • AIDA Cruises to trial fuel cells on AIDAnova
    By early 2021, Carnival Corporation's German market brand, AIDA Cruises, aims to be the world's first cruise company to test the use of fuel cells on a large passenger ship on board
  • "Trade war wreaks havoc on U.S. exporters," says LA port exec
    The Port of Los Angeles moved 779,903 Twenty-Foot Equivalent Units (TEUs) in September, a 2.7% decrease compared to 2018's record-breaking September. "The ill-advised U.S.-China trade war continues to wreak havoc on American
  • New risks add to pressures on container market
    "The mood-music surrounding the container market has deteriorated further in the last three months," says Drewry Shipping Consultants, which has downgraded its outlook for world container port throughput for the current year
  • Ferry arrives in Scotland after epic delivery voyage
    Scottish operator Pentland Ferries' new vessel Alfred arrived in Orkney yesterday after completing a 5,481 nautical mile voyage from shipbuilder Strategic Marine's Vung Tao, Vietnam, shipyard that began August 29. Designed by
  • Finland signs corvette project construction contracts
    The Finnish Defense Forces and shipbuilder Rauma Marine Constructions (RMC) have now signed a construction agreement for the Finnish Navy's new Pohjanmaa-class corvettes. The agreement, valued at EUR 647.6 million (about $714
  • Shipyard ceremony marks start of LCS 27 construction
    Lockheed Martin (NYSE: LMT) and shipbuilder Fincantieri Marinette Marine have marked the start of construction on Littoral Combat Ship (LCS) 27, the future USS Nantucket. In a ceremony at the shipyard, a

Lloyd's Listweb site
OCTOBER 10, 2019
  • Bottiglieri says rates and regulators pushed shipping company to the edge
    'We had to face all the proceedings and the competition of other shipowners who wanted to take advantage of situation,'...
  • Unipec joins Exxon embargo on vessels linked to Venezuela
    Unipec, the world's largest dirty tanker spot charterer, appears to have halted chartering vessels that have had any business links...
  • Seafarers concerned over prosecution risks
    Seafarers' fears include becoming scapegoats in environmental disasters, as the public and media campaign to hold someone to account
  • Cosco's Piraeus investment plan handed partial approval
    Fate of proposed new 2.8m teu box terminal extension still hangs in balance
  • Shippers eye lower contract rates
    Weak rates present an opportunity for negotiation of base costs, but shippers are warned to expect higher bunker costs
  • Class NK joins decarbonisation coalition
    Class NK joins competitors Lloyd's Register and ABS in cross-industry coalition to develop zero emissions vessels by 2030
  • Forum to consider hazardous cargo concerns
    Panel of experts from industry and regulators to seek solutions on containership fire issue
  • LNG oversupply forcing floating storage, says Poten
    In the short term, a contango market is supporting shipments, while in the long term, demand growth is dominated by...
  • Viewpoint: Speed or power?
    Slowing down to save the environment is an easy fix that produces instant results, but it does not encourage the...
  • Daily Briefing
    Free to read: Cosco Shipping woos forwarders as it clarifies end-to-end strategy | Registry calls for review of IMO's casualty...
  • MISC seals two-vessel long-term LNG charter deal with ExxonMobil
    Delivery of the two vessels, worth $405m, is scheduled for 2023 but no details of the charter contract were disclosed
  • Deadly pig disease to bog down soyabean trades
    The fall in volumes from the US and Brazil to China has led to an 8.5% drop from last year...
  • DryShips to de-list from Nasdaq after Economou buyout approval
    On closing of the merger, DryShips will become a privately-held company within Mr Economou's private empire and the shares will...
  • Port of Charleston sees record growth and builds for more
    The port remains focused on increasing business and investing in its infrastructure, especially the Hugh K Leatherman Sr Terminal now...
  • Port of Virginia sees 9% growth in September container traffic over last year
    The port also is progressing with its channel deepening and widening project that will create the deepest port on the...

The Journal of Commerceweb site
OCTOBER 10, 2019
  • US railroads nudging shippers away from trailers
  • DHL looks to capitalize on growing El Paso market
  • Flexport adds visibility capabilities with Crux buy
  • Logistics market awash in unhelpful 'solutions'
  • Trucker Tools rolls out automated booking for brokers
  • WeWork debacle reveal logistics startups' sustainability challenge
  • Driver problems top latest list of trucking woes
  • US-China trade war drags air cargo down

TradeWindsweb site
OCTOBER 10, 2019
  • Global Port Holdings sails into the Bahamas with $250m
    Global Port Holdings (GPH) has arrived in the Bahamas, having begun operating its first cruise port in the region with plans to run more landings within the vacation paradise. The London-based port operator on Wednesday opened Nassau's Prince George Wharf Cruise Port with plans to carry out a $250m expansion over the next two years. Nassau Cruise Port, a consortium made up of GPH, Bahamas Invest
  • Liberian Registry opens new office in Japan
    The Liberian International Ship & Corporate Registry has continued its push into Asia, opening an office in Imabari. The office, its fifth in Asia since 2017, will be run by the registry's Japan president Eiji Okazaki and will handle ship registrations and technical issues locally. Okazaki had been the head of the registry's Tokyo office since its opening. "Opening the Imabari office was a natu
  • Hudson Shipping Lines joins IMO 2020 enforcement group
    Hudson Shipping Lines (HSL) has doubled down on its stance against using exhaust gas scrubbers to meet pending IMO 2020 regulations. The US ship operator has joined Trident Alliance, a group of shipping companies focused on ensuring full enforcement of pending IMO 2020 rules. Four months ago, it said publicly that it would boycott scrubber-fitted vessels on the premise that they transfer airborn
  • T Rowe Price takes pole position in Tidewater
    T Rowe Price has bumped up its holding in Tidewater, crossing the 10% threshold and leapfrogging into the top spot. The asset manager now owns 3.9 million shares in the Houston offshore player, up from 2.3 million. T Rowe Price now owns 10.1% of all shares, up from 8.6%. It was previously the fourth-largest shareholder behind BlackRock's 2.7 million share stake, Third Avenue Management's 2.6 mi
  • VLCC earnings near $160,000 per day with charterers in "panic" mode
    Vessel demand from Chinese players drive up VLCC rates with trickle-down effects in aframax and suezmax markets
  • SFL looks to sell its $100m stake in Fredriksen sibling Frontline
    SFL Corp could be looking to divest itself from sibling Frontline in a move that could net the shipping and offshore asset owner more than $100m. John Fredriksen's tanker owner Frontline disclosed in Securities and Exchange Commission filings Wednesday that fellow Fredriksen-backed company SFL might be looking to sell its entire 11 million share stake. Frontline sticks to 10 Trafigura tankers T
  • Diana Shipping fixes panamax to Al Ghurair
    Diana Shipping has fixed a post-panamax bulker to Al Ghurair Resources for a year at a rate in line with the market. The Simeon Palios-led shipowner has entered into a time charter contract with the UAE-based company for 98,704 dwt Polymnia (built 2012) at $14,500 per day, for 12 to 14 months. The charter is expected to make about $5.22m of gross revenue for the minimum scheduled period of the t
  • Egypt orders 12 dredgers and work vessels at IHC
    Dutch shipyard secures big order from ministry of defence
  • Panama Canal sees record year for tonnage
    The Panama Canal exceeded tonnage expectations for fiscal 2019, setting a new record for the globally important waterway. The canal saw 469 million Panama Canal tonnes (PC/UMS) transit for the year ended 30 June, beating the prior year's results by 6.2% and projections for 2018 by 4%. "These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in
  • Brazil's Enseada files for preventive bankruptcy
    Shipbuilder seeks protection in Rio with debts of $557m
  • Vroon: scrapping PSV breaches sales agreement
    VOS Primrose among several offshore vessels heading for recycling
  • Gunvor reveals tanker fleet details as profit rolls in
    Trading giant says it now has 17 ships through joint ventures; calls off refinery sale
  • Cosco denies Iranian STS involvement as Beijing pushes for sanctions relief
    Cosco Shipping Energy Transportation says its Dalian subsidiary does not own the CCPC Voyager, suspected to have carried Iranian crude via STS transfers
  • Average anchor-handler rates hit year-high in North Sea
    Seabrokers says September's average fixture level was the best so far in 2019
  • Sea World sells vintage MR tanker in fleet renewal move
    The Greek tanker owner Sea World Management & Trading has sold its first vessel in the sale-and-purchase market in six years in a deal that contributes to fleet renewal. Brokers in the US said the company has sold the 47,000-dwt Sea Halcyone (built 2001) to an undisclosed buyer. The the Onomichi Dockyard-built tanker has fetched a price of $8.3m. That's somewhat higher than VesselsValue's estim
  • Ocean Yield buys dual-fuel ethylene carrier from Navigator
    The LEG carrier will become the third Ocean Yield vessel able to run on ethane.
  • Container lines opt for 'tandem sailing'
    Tight market forces lines to take smaller ships to compensate for shortage or larger ones
  • Lemissoler sells bulker trio from Diolkos arm
    Cyprus-based Lemissoler Navigation has quietly sold the three supramax bulkers owned by its Diolkos Maritime arm. European brokers said the Diolkos the 56,000-dwt Anogyra (built 2011), Lefkoniko and Leonarisso (both built 2010) have all gone to an undisclosed buyer. The ships were all built at Jiangdong Shipyard in China. Belships offloads oldest bulker with bareboat-sale deal Indonesia report
  • Chellaram gets 'top dollar' for supramax
    Hong Kong-based bulker owner Chellaram Shipping has fetched a higher-than-expected price for a Japanese-built, 11-year-old supramax bulker. Belships offloads oldest bulker with bareboat-sale deal IMO 2020: 'positive hurricane' or cold shower? US brokers said the company has sold the 56,000-dwt Darya Mahesh (built 2008) for $12.5m, which is described as a "top dollar" price. VesselsValue says
  • Danaos Corp resumes growth with post-panamax boxship buy
    US-listed shipowner makes first purchase in five years, following successful debt restructuring
  • Hyundai Samho clinches new European VLCC order
    South Korean yard banking $94m for conventional tanker.
  • Ariane orders sail-powered ro-ro for rocket transport
    French group picks VPLP design for new low-impact ship
  • LNG carrier rates jump again as vessels vanish from market
    Modern ships blast through the $100,000 per day market with expectations of further rises to come
  • Broker brought in to sell Remontowa's Arctic newbuildings
    Two new former Royal Arctic Line multipurpose boxships offered for $13m each
  • Greek banks gain EU approval to offload €80bn in bad loans
    The state has guaranteed to help Hellenic lenders unload oodles of bad loans in a project code-named Hercules.
  • Greek insurance broker Andreas Karaindros dies
    Legendary insurance man passes away after long illness
  • PV Trans steps in as AET scales back small chemical tanker fleet
    Vietnamese operator looks to Malaysia for more tonnage
  • Horses and umbrellas: seafarer superstitions still prominent
    Ostensjo Rederi officers unpick the origins of some strange beliefs common among crews
  • H Schepers prepares to exit market with sale of last ship
    German shipowner reaches the end of the line after 51 years
  • Is seven-year, $77m Iliopoulos 'scuttling' case finally at an end?
    Appeal or criminal probe appear unlikely after High Court ruling, but questions remain unanswered
  • Game is finally up for small-cap stocks after five years in desert
    Painfully poor returns mean a whole class of small capitalisation public shipping companies face tough choices due to a dearth of investor interest
  • LNG cargoes set to keep rolling out in oversupplied market
    Project sanctions hit new heights with South East Asia a key focus for sales in the longer term, Poten says
  • Shell returns to the market for slew of LNG carriers
    Energy major keen to home in on one yard in effort to get the best deal on newbuildings it requires
  • Affinity is right: Big Oil needs to stand behind LNG as a fuel
    The industry does not want to wait for a zero-carbon solution to emerge
  • MISC orders $405m LNG carrier double for ExxonMobil charter
    Malaysian owner picks Samsung Heavy Industries for new gas ships
  • 71 days: the inside story of the Stena Impero seizure
    Stena Bulk chief executive Erik Hanell reveals the 'controlled chaos' and concerns behind the scenes as the Swedish shipowner's tanker became embroiled in the summer's simmering geopolitical tensions
  • Tufton Oceanic pounces again with $8.75m boxship buy
    UK owner spends more of its share-issue windfall
  • Sasol finances first South African-owned chemical tanker
    Energy company says deal is significant investment into localising and diversifying its supply chain
  • TMS Cardiff Gas LNG carrier quartet up for grabs
    A quartet of five-year-old LNG 'carriers from Greek shipowner TMS Cardiff Gas' fleet is being 'offered around the market for sale. Industry players and brokers named the tri-fuel diesel electric (TFDE) vessels as the 160,000-cbm sisterships Corcovado LNG, Kita LNG, Palu LNG and Yari LNG (all built 2014). TMS Cardiff's 'opportunistic exposure' to spot lays foundation for long-term approach They
  • Gibraltar puts German boxship up for auction
    Admiralty Marshal to take bids for Spica on 30 October
  • Anglo International strikes another bulker deal with Kambara Kisen
    Anglo International Shipping is expanding its fleet with a seven-year-old post-panamax bulker from Kambara Kisen of Japan. Brokers said the company has purchased the 98,700-dwt Jo Jin Maru (built 2012) for $19.8m. Training is no game as increasing autonomy trickles into shipping The Tsuneishi Group (Zhoushan) Shipbuilding-constructed vessel is due for special survey in June 2022, and the price
  • Woodside Energy zones in on provider for LNG bunker vessel
    Australia's Woodside Energy has selected a preferred shipowner for its planned LNG bunker vessel. Those working closely with the project declined to name the owner involved, but others in the wider industry pointed to Dutch shipowner Anthony Veder as the company left in the running for this project. BHP: LNG bunkering will see 'quantum leap' The LNGBV is understood to be advancing on the back o
  • Singaporean bunker players take delivery of Brightoil ships
    Six tankers that were put up for auction in Singapore last month have been sold
  • DFDS agrees cold-ironing initiative with Copenhagen port
    CMP joins growing number of ports offering plug-in power sources for passenger ships
  • POSH buys out stake in Asia-focused harbour services firm
    Singapore offshore vessel operator ends 15-year relationship with Sembcorp Marine subsidiary

American Shipperweb site
OCTOBER 10, 2019
  • Vacuum cleaner mogul ditches electric car project
    British billionaire James Dyson has abandoned his dream of building an electric car.
  • Worldwide parcel volume to hit 200 billion by 2025: Pitney Bowes
    Global parcel activity will hit 200 billion a year by 2025, Pitney Bowes report predicts
  • Ocean Rate Report: Tanker rates just soared past $150,000/day
    Crude-tanker rates have now reached levels not seen since before the global financial crisis.
  • Fava aims to take FreightWaves global
    After a successful tenure with a startup freight forwarder, Fava is excited to start a new chapter at FreightWaves.
  • Shippers remain in control of pricing power as carrier sentiment rebounds
    This Week's Pricing Power Index: 30 (Shippers) Last Week's Pricing Power Index: 30 (Shippers) Three-Month Pricing Power Index Outlook: 50 (Balanced) The trucking industry operates...
  • Kenco works to prove the value of technological investment with real-world test lab
    When it comes to technology, it can be difficult to differentiate between a good investment and a waste of money.
  • Shared moped startup raises $27.6 million and dodges gig-workers
    Since 2018, Revel has expanded its fleets into Brooklyn, Queens and Washington, D.C. and plans to reach 10 cities by 2020.
  • Virgin Atlantic and Delta open hi-tech export facility at Heathrow
    Facility marks initial phase of ambitious plan to double capacity
  • Ike files voluntary safety report revealing details of autonomous truck operation
    The company is the first to release a safety assessment before testing vehicles on public roads.
  • Freight Futures daily curve: 10/10
    Fundamentals continue to drive strength in the East regional freight futures markets.
  • Amazon partner Inpax lays off about 600 after Amazon ends relationship
    Inpax, a delivery partner of Amazon.com, lays off more than 600 after Amazon cuts ties
  • Heavy-duty brake plant to close, move production to Mexico
    Haldex Brake Products Corp., a Swedish brake and suspension manufacturer for heavy-duty trucks, announced on October 8 that it is shuttering its manufacturing facility in...
  • SkyBitz tackles wasted trailer space and cargo claims; announces collaboration with Omnitracs
    SkyBitz has introduced a new sensor with camera that tracks available space and the condition of items inside a trailer. (Photo: Jim Allen/FreightWaves)
  • Today's Pickup: Growth of on-demand mobility comes at the cost of public transport and marginalized people
    On-demand mobility tramples on public transit; lab-meat will replace large chunks of the conventional meat industry; OPEC cuts oil demand forecast for third consecutive month.
  • Record-breaking snowstorm trudging through Plains (forecast video)
    Two feet of snow possible for parts of Dakotas, Minnesota as powerful early season storm stalls over northern Plains.
  • Alcohol beverage importers want second round of CBMA
    Customs brokers say a permanent extension of the 2017 Craft Beverage Modernization and Tax Reform Act would incentivize Customs and Border Protection to automate the...
  • FMCSA chief Ray Martinez leaves the agency
    Chief counsel Jim Mullen expected to take over as Acting Administrator on Oct. 28.
  • Large aircraft lessors tap debt capital markets
    Half of all commercial aircraft are accessed from lessors
  • Rhenus commits to iconic distribution centers and U.S. expansion (WITH VIDEO)
    European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues
  • The unsurprising growth of Hispanics within the trucking industry
    The Hispanic community has contributed immensely to the new American dream and is currently one of the fastest growing ethnic minorities within the trucking sector.
  • Delta posts strong income gains despite slump in cargo revenue
    Updated: 3:41 p.m. Delta Air Lines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is off 13% to $567 million...
  • Can precision scheduled railroading save the railroads' third-quarter profits?
    With U.S. rail volumes slumping in the third quarter, can PSR soften that blow to the rail's bottom line?
  • Autonomous electric truck startup raises $25 million (With Video)
    The Swedish autonomous electric truck startup Einride closes a $25 million Series A round.
  • German electric vehicle automaker sees 'huge market opportunity' in the U.S.
    Deutsche Post-owned EV major StreetScooter has announced plans to expand to the U.S. market, commencing pilot tests early next year with DHL Express.
  • SmartDrive Video Insights: The State of Convergence
    This is the first in a series of videos produced by FreightWaves and SmartDrive, recorded at the recent SmartDrive Customer Conference in Atlanta. FreightWaves editor-at-large...
  • Convoy touts 45% reduction in empty-mile emissions as its Automated Reloads program grows
    Convoy launched Automated Reloads in June. Since then, the company said in "top markets," the number of empty miles has been reduced by up to...
  • Covenant Transport among 4 to win Mike Russell Trucking Image Awards
    The American Trucking Association handed out a number of awards, including the winners of its Mike Russell Trucking Image Awards, at its just concluded Management...
  • Port Report: Port of Brunswick ready for 'substantial new business'
    Georgia Ports Authority is looking to grow roll-on, roll-off cargo even as work continues on salvaging the capsized car carrier Golden Ray.
  • Asia's merchant ships pollute world's oceans with plastic bottles
    Asian merchant shipping and major drinks manufacturers are responsible for an increase in the amount of plastic bottles found in the world's oceans.
  • Körber Logistics buys majority stake in logistics-robotics company Cohesio
    Körber Logistics, the investment and logistics arm of tech conglomerate Körber of Hamburg, Germany, has acquired a majority stake in the warehouse autonomous logistics robot...

The Bunker Bulletinweb site
OCTOBER 10, 2019
  • INTERVIEW: HSFO to VLSFO switch gathers pace as IMO 2020 nears - IBIA director
    "I expect we will see increasing supply of VLSFO during October, November and December in most markets," Einemo said.
  • Shanghai HSFO bunker premium dips from record high amid tepid demand
    "Premiums have been sky-high [at Shanghai] and demand has gone to other ports like Japan," a Chinese bunker trader said.
  • Vopak acquires minority stake in Algeciras terminal ahead of 100% divestment
    The transaction value totals Eur125 million.
  • Huge swell in freight rates sends waves through tanker, crude markets
    One shipowner active in the West of Suez tanker markets said it feels like "Merry Christmas already."

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FROM THE HOME PAGE
ZIM also records a recovery in the second quarter
SHIPPING
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
PORTS
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%)
PORTS
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
COMPANIES
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
ACCIDENTS
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
PORTS
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
COMPANIES
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
PORTS
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%)
PORTS
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
PORTS
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
PORTS
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%
PORTS
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%)
SHIPPING
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
SHIPPING
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
SHIPPING
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
PORTS
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
SHIPPING
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
ACCIDENTS
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
SHIPPING
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
SHIPYARDS
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
SHIPPING
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.
CRUISES
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
ACCIDENTS
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.
SHIPPING
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
ACCIDENTS
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
LOGISTICS
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
SHIPPING
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
CRUISES
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
SHIPPING
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
SHIPPING
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
PORTS
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
RAILWAY TRANSPORT
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
PORTS
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
CRUISES
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
SHIPYARDS
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
PORTS
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
SHIPPING
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
CRUISES
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
SHIPPING
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PORTS
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
PORTS
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
RAILWAY TRANSPORT
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
SHIPYARDS
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
SHIPYARDS
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
SHIPYARDS
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
ACCIDENTS
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
CRUISES
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
PORTS
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
PORTS
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
COMPETITION
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
FREIGHT TERMINALS
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
INTERMODAL TRANSPORT
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
PORTS
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
PORTS
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
LEGISLATION
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
ACCIDENTS
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
SHIPPING
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
PORTS
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
TRANSPORTATION
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
SHIPPING
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
TRANSPORTATION
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
ACCIDENTS
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
PORTS
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
PORTS
In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.
Antwerp
Dry bulk volumes recovered and rolling stock increased. Other sectors declined.
PORTS
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
ACCIDENTS
US forces struck the VLCC Belma sailing towards Iran's Kharg Island.
Tampa
It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions
PORTS
In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased
Genoa
In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.
PORTS
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
CRUISES
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
PORTS
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
PORTS
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%)
SHIPPING
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%
SHIPPING
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%.
PORTS
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%.
COMPANIES
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
PORTS
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
INDUSTRY
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
SHIPPING
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
PORTS
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
SHIPPING
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
COMPANIES
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%)
MOURNING
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
PORTS
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
PORTS
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
PORTS
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
COMPANIES
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
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
PORTS
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%
PORTS
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%
LOGISTICS
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
LOGISTICS
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.
SHIPPING
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
PORTS
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
SHIPPING
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.
SHIPPING
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
ACCIDENTS
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
PORTS
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
PORTS
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%)
INTERMODAL TRANSPORT
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.
PORTS
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
ACCIDENTS
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
SHIPPING
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
COMPANIES
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
PORTS
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
PORTS
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
PORTS
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
EDUCATION
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
INTERMODAL TRANSPORT
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
TRANSPORTATION
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
ACCIDENTS
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
INFRASTRUCTURE
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
LOGISTICS
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
LOGISTICS
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
PORTS
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
COMPANIES
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
PORTS
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
PORTS
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
INDUSTRY
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
PORTS
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
LOGISTICS
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
ASSOCIATIONS
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
PORTS
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
FREIGHT TERMINALS
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
INDUSTRY
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
OFFSHORE
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
LOGISTICS
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
ASSOCIATIONS
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
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
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
MEETINGS
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
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
SHIPPING
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
EDUCATION
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
NEWS
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
INDUSTRY
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
SHIPPING
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
ACCIDENTS
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
ACCIDENTS
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
SHIPPING
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
INTERMODAL TRANSPORT
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
PORTS
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
CRUISES
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
PORTS
Western Liguria Port Authority approves 2026 budget update
Genoa
PORTS
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
INDUSTRY
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
PORTS
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
PORTS
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
SEAFARERS
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
PORTS
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
PORTS
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
PORTS
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
PORTS
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
PORTS
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
RAILWAY TRANSPORT
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
PORTS
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
PORTS
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
SHIPYARDS
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
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