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BRIEFS
May 16, 2019
Sched Netweb site
  • OOCL launches two new Asia-South America east coast Caribbean loops
  • APL adds Honolulu to boost its Eagle Express X (EXX) service
  • China Merchants' Colombo port commissions new quality hazmat yard
  • IMO now seeks new ways to impose further shipping emission reductions
  • Partial reopening of Houston Ship Channel after tanker, tug collision
  • Major box ship lessor Danaos Q1 profit soars 37.9pc, revenues up 0.9pc
  • CMA CGM cancels port congestion surcharge for Kuwait's Shuwaikh
  • Huawei CFO seeks to quash US extradition, citing Trump comments
  • Agility quarterly profits up 7.3pc to US$66.7 million, revenues rise 1.9pc
  • Malaysia respects Thai decision to check Kra Canal project feasibility
  • Melbourne Q1 boxes up 1.09pc, leading otherwise flat Aussie result
  • ICTSI net profit soars 77pc to US$72 million as volume rises 7pc
  • HNA's Swissport profit up 24pc to US$306.4 million as sales rise 6.7pc
  • Antonov Airlines joins Bollore getting relief to cyclone-hit Mozambique
  • DB Schenker renews agreement with CHAMP Cargosystems

Exim Indiaweb site
MAY 15, 2019
  • Sadan Kaptanoglu elected President of BIMCO
  • Coastal bulk freight index of China surges in April
  • More lines keen on enabling digital standardisation in container shipping industry
  • Cancellation of port congestion surcharge at Shuwaikh, Kuwait
  • PSA India showcases its terminals at Hyderabad trade meet
  • Rotterdam & Guangzhou ports to share expertise & best practices
  • Cogoport adds new product in major boost for Indian importers
  • Automatic GST refund for exporters expected from June
  • India extends deadline to impose retaliatory import tariffs on 29 US products till June 16

International Transport Journalweb site
  • USA: Go-ahead for Uinta Basin Railway in Utah
  • Leasing business augmented by railcar repair branch
  • Tigers to be logistics partner for K&N Filters in China
  • MIA wins five Naco awards
  • Schulte Group introduces Innoport
  • Latam Cargo for Mother's Day
  • Extending Russia's broad gauge railway to Turkey?
  • Gefco testing Duotrailer
  • Too much fish for Oslo airport?
  • Imperial Logistics holds first ever safety week
  • Cargotec picks start-ups as partners
  • SBB Cargo introduces automatic coupling
  • Strong growth in France
  • "Curiosity of the Day"
  • Emirates "Equine" helps 100 horses make big jumps
  • Ansgar Brockmeyer is Stadler's new sales manager
  • APL goes for the Sandwich Islands

The Loadstarweb site
MAY 15, 2019
  • Singapore's sovereign wealth fund, Temasek, rescues debt-laden carrier PIL
  • PeP failures were of our own making - now we go forward, says DP-DHL's Appel
  • As China-US trade spat heats up, transpacific container trades will suffer
  • $1.5bn Amazon Air freight hub breaks ground, but the pilots have misgivings
  • An improved first quarter for HMM this year, but rising costs still the challenge
  • Bright ideas meet the #NextGen air freight innovation challenge
  • Supply chain radar: Is bellwether Kuehne + Nagel losing its mojo?
  • Mahindra Logistics looking for buys in freight forwarding space
  • Trump's new trade war tariffs: 'This will kill my US market'
  • Supply chain radar: Yang Ming's growth accelerates, losses narrow, but those cash flows...

Marine Logweb site
MAY 15, 2019
  • Mitsubishi Shipbuilding christens next-gen LNG carrier
    Mitsubishi Shipbuilding's Nagasaki, Japan, Shipyard & Machinery Works yesterday held a christening ceremony for a next-generation LNG carrier that will serve the Freeport, Texas, LNG project. Named Bushu Maru, the vessel is
  • Helsinki Shipyard: New name, different Russian ownership
    Finland's Archtech Helsinki Shipyard is to get a new ownership and a new name. The yard's efforts to win new orders have been severely hampered by the fact that it is currently
  • MAN inks service deal covering 111 dry bulkers
    MAN Energy Solutions has signed a service agreement covering 111 bulkers owned by Hong Kong headquartered Pacific Basin Shipping. The contract will be managed by MAN PrimeServ from Hong Kong in close
  • NASSCO lays keel for T-AO 205
    The keel for the future USNS John Lewis (T-AO 205), the Navy's first John Lewis-class fleet replenishment oiler, was ceremonially laid at General Dynamics-National Steel and Shipbuilding Company, San Diego, May 13.
  • New marine louvered panel has integrated damper
    Passive airflow through a louvered panel is a common way to maintain adequate airflow to an engine room or machinery space. But there are times, such as during heavy weather or a
  • Alfa Laval inaugurates PureSOx training center
    Alfa Laval has inaugurated a PureSOx training center in Shanghai, China, featuring a full-size PureSOx exhaust gas scrubber. Though it will be focused on the training of commissioning engineers, it will also
  • MAN Engines offers IMO Tier III compliant workboat engines
    MAN Engines - a business unit of MAN Truck & Bus - is now offering 12-cylinder workboat engines meeting IMO Tier III emission standards. Spanning a power range from 551 kW to

Lloyd's Listweb site
MAY 15, 2019
  • How to decarbonise shipping
    Sidestepping the political hurdles in favour of setting out a pragmatic roadmap, what does a decarbonisation plan look like for...
  • Epic Gas cuts net loss and announces board change
    With an expected market improvement going forward, the company has chartered-in two vessels following a letter of intent to buy...
  • IMO talks confront emissions measures challenge
    MEPC negotiations on GHG emissions measures showcase challenge in getting started
  • Time to step back from Tanker War Two
    Important details are missing from our account of the Saudi tanker attacks, but shipping should now be on guard against...
  • How to decarbonise shipping
    Sidestepping the political hurdles in favour of setting out a pragmatic roadmap, what does a decarbonisation plan look like for...
  • Higher rates push NAT to quarterly profit
    NAT expects to benefit from refinery adjustments taking place this year
  • West African ports slow on the low-sulphur uptake
    With a lack of low-sulphur bunkering available to carriers, they will be forced to bunker elsewhere, says consultant Dr Natalie...
  • Beazley launches marine cyber insurance product
    Physical damage and loss of hire insurance cover are being offered to the shipping industry by a new product produced...
  • Avance Gas refinances debt as losses mount
    Oslo-based company expects higher freight rates for the rest of the year due to stronger export volumes from the US...
  • Iran's crude production to tumble to 30-year low, says IEA
    For May, early tracking shows loadings plunging to around 475,000 barrels per day, but the final destinations are not yet...
  • Thoresen Shipping warns of downside risks amid the optimism
    However, exceptional factors such as the decline in the global grain trade affected by the continuing US-China trade dispute and...
  • Zhuhai Port Co targets $145m in shares sale
    ZPC's state-owned parent Zhuhai Port Group has subscribed to 51% of the new offering
  • UK Club hints at rate rise after $32m loss
    'Premium rates are at historically low levels and the 114% combined ratio is above the club's acceptable range,' says statement...
  • Gard and Britannia in the red as surplus falls sharply at Skuld
    'Our industry is typified by volatility and cyclical behaviour and it is not unexpected that there are years in which...
  • Consortia block exemption lobby sees little market concentration in liner shipping
    Container shipping lobbyists are hitting back at the argument that their industry lacks unique characteristics that justify an exemption from...
  • Daily Briefing
    Shipping security tightens as investigations probe Iran links to tanker attacks | Sanctions paralyse Iran oil exports | IMO balks...
  • Enesel and Minerva place tanker orders with Daehan
    The latest deals bring Enesel's series of orders level with that of Angelicoussis tanker arm Maran Tankers that has also...
  • Yang Ming narrows first-quarter loss
    Yang Ming says its operating costs have been swollen by bunker prices in the period that jumped by 11% year...
  • Californians push back against Trump's plans to boost oil exports
    The trade war with China has done nothing to lower US exports of petroleum as rising demand comes from India...

The Journal of Commerceweb site
MAY 15, 2019
  • Despite trade friction, expansion continues at Port of Mobile
  • JNPT dispute over inter-terminal rail escalates
  • LA's Fenix terminal closes after dockworker death
  • Global TMS software streamlining track-and-trace
  • Falling ECSA-Asia spot rates puts shippers on notice
  • New tariffs and threats cast shadow on trans-Pacific
  • HMM, Yang Ming narrow losses on higher volume
  • Prince Rupert port plans to quadruple capacity
  • YRC looks to regain volume lost during Teamster talks
  • Wilmington port speeds up infrastructure projects

TradeWindsweb site
MAY 15, 2019
  • MOL ups LNG carrier tally at DSME to three
    Japanese shipowner MOL has declared an option for an LNG carrier newbuilding at DSME in South Korea, bringing its total haul at the yard to three. DSME bags order for LNG carrier newbuilding This week, DSME announced it had secured an order for an LNG newbuilding for delivery in the second half of 2021, without disclosing the name of the contracting party. MOL's account Industry sources follow
  • Formosa Plastics Marine drawn to stainless-steel chemical tankers
    Taiwanese owner approaches shipyards in South Korea and Japan for newbuildings
  • Industry faces remember 'visionary' and 'innovator' Eisbrenner
    Shipping industry names who knew NextDecade founder and LNG regasification innovator Kathleen Eisbrenner have been remembering and detailing her contribution to the business following the news of her death last week. Eisbrenner's family said in an obituary that the 58-year-old had died on 9 May after suffering a "devastating head injury" from a fall in her home. Those in the industry who met Eis
  • Barges in tanker clash taken from Houston Ship Channel
    The waterway is now fully operating without restrictions, officials said.
  • Worker dies in accident at Port of Los Angeles
    The incident, which caused serious injury to another worker, happened at Fenix Marine Services.
  • After positive Q1, Nordic American Tankers shares soar
    Nordic American Tankers shares are up big after its first quarter results beat analyst expectations. The Herbjorn Hansson-led shipowner was trading up more than 16%, or $0.36, to $2.56 in midday trading Wednesday after it reported $5.6m in profit for the first tree months of 2019 after the close Tuesday. Nordic American Tankers posts best results in years The performance was good for $0.04 earn
  • Shipowners unfazed by Trump tariff hike
    China will send their factories to other countries if trade war continues, according to boxship player Global Ship Lease.
  • Pangaea stays in black despite tough quarter
    Rhode Island-based niche player says contracts-heavy approach helped it outperform general market despite headwinds.
  • Sovcomflot posts big first-quarter profit as tanker market recovers
    Sovcomflot is back in the black for the first quarter thanks to an upswing in the company's tanker business. The Russian state shipowner posted $70.1m in profit for the three months of 2019, a marked improvement over the $16.1m loss reported for the same period last year. Novatek advances Arctic LNG 2 project before taking FID Sovcomflot seals newbuilding financing with new loan Sovcomflot, a
  • DFDS plans unsecured offering to refinance maturing bonds
    DFDS is considering a new bond issue that would refinance its existing DKK bonds, which are set to mature in June. The company intends "in the near future" to issue new DKK- and/or NOK-denominated senior unsecured bonds with an expected maturity of five years. The issuance is part of the "continuous pursuit of improving the financing cost of DFDS", a release said on Wednesday. DFDS posts profit
  • Epic Gas plots purchase of larger vessels backed by BW Group 'halo' effect
    Epic Gas is eyeing up further growth opportunities in the larger pressurized LPG segment as it looks to extend expansion efforts under the 'halo' of the BW Group. Epic has boosted its fleet by 23% in capacity terms with the $106.5m addition of four vessels and time charters for two modern ships this year. Andreas Sohmen-Pao takes the chair at Epic Gas as loss cut Epic Gas opens book on $60m eq
  • All paths lead back to Norway for growth, says Horizon Maritime
    COO said growth in the North Sea only part of the reason why the Canadian firm opened Aalesund office
  • Portline bulker's oily water separator 'just for show'
    Portuguese owner Portline Bulk International has been fined in a US pollution case after crew admitted a bulker's oily water separator (OWS) was "just for show." Portline has agreed to pay $1.5m after it admitted in a plea deal that engineers on the 51,000-dwt Achilleus (built 2001) had falsified entries in a record book used to track the disposal of bilge water, the Post and Courier reported. d
  • Yang Ming Marine eyes $193m bond to repay debt
    Taiwanese container line plans bond sales for debt repayment as business environments remain volatile amid US-China trade tension.
  • Landbridge seals long-term charter with Trafigura
    Chinese industrial company Landbridge Group is extending its cooperation with Western partners by locking one of its VLCCs into a time charter with trader Trafigura for up to five years. European brokers said the Geneva-headquartered trader has fixed the 308,000-dwt Landbridge Glory (built 2019) for three years at $36,500 per day, with options to extend at undisclosed rates. The charter is in
  • Pipe-layer owner turns to US courts to free arrested vessel
    The owner of an arrested pipe-layer is taking legal action in the US to free the ship and recoup millions of dollars in damages before a Nigerian company can have it auctioned off in Ghana. Wartsila: crew may be to blame for tanker fire Second Gourdomichalis bulker seized in ship abandonment case Dallas-based WAG SPV I and New York lender Hark Capital allege Fortune Global Shipping & Logistics
  • Environmentalists call for scrubber moratorium
    Numerous groups, including Stand.earth and WWF, send letter to IMO in light of Carnival Corp scrubber violations
  • One dead and five injured in blast at breakers
    One worker has died and another five were injured in an explosion at a ship recycling yard in Bangladesh. Worker killed in Bangladesh yard blast The accident happened on Wednesday at Premier Trade Corporation and Mahinur Ship Recycling in Sitakunda, the UNB news agency said. Watch footage of the incident here Cutter Mohamamd Rubel was pronounced dead at hospital. A police official said the si
  • Transocean expands loan facility to $1.36bn
    New York-listed drillship owner Transocean has expanded a loan facility to $1.36bn. The Swiss-based company said it has built the revolver from $1bn when it was arranged last year. It can also add another $500m. The facility matures in July, 2023. An additional $140m remains available under its accordion provision. Transocean has a fleet of 48 mobile offshore drilling units.
  • HMM cuts loss to $89m and sees rates rising
    Korean boxship line HMM has reduced its first quarter loss as revenue rose. The operating deficit was KRW 105.7bn ($88.8m), down from KRW 170.1m a year ago. It blamed high bunker costs, the US-China trade conflict and a delay in the rate of regional recovery for the red ink. Revenue was up 18% at KRW 1.31 trillion, led by higher transport volumes and load factor. It carried 11% more containers
  • Heated US-China trade war threatens to squeeze car carrier market
    Operators will face more operational challenges and demand uncertainties, even though the absolute trade volume between China and the US is small
  • Indian owners busy in tanker charter market
    Shipping Corp of India (SCI) is finally set for decent rates on two LR2 tankers after chartering out the duo amid a flurry of new term fixtures for Indian shipowners. SCI gas carrier damaged in collision goes for repairs LNG carrier and VLCC in collision off Fujairah European brokers said the 104,900-dwt Swarna Jayanti (built 2010) is fixed by Petro Diamond for eight months at $20,500 per day,
  • Goulandris sells oldest ship to Chinese buyer
    Greece's Goulandris Bros is selling its oldest ship, an 18-year-old panamax. Oldendorff wins settlement but Bank of China fight goes on Beijing puts brakes on lucrative trade in ageing Greek bulkers The sale appears to be a renewal move for the bulker owner. European sources said the 74,000-dwt Rodon Amarandon (built 2001) has been sold to a Chinese buyer for $6.6m. Although bulker prices a
  • Gard reports first loss in 10 years, with $53m of red ink
    Gard, the world's largest dedicated marine insurer, has reported a surprise loss - its first in 10 years. Its post-tax loss for the 12 months to 20 February 2019 was $53m, compared with a $193m profit in the previous year. It earned premiums of $798m, up from $775m. Gard made an investment loss of $3m. It also recorded a technical underwriting loss, reporting a combined ratio of 110%, indicating
  • Mercuria signs EDF trio to launch London LNG desk
    Swiss-based commodities giant also eyes structured finance opportunities including funding US yards
  • Malta ratifies Hong Kong Convention
    Malta has become the 12th country to accede to the IMO's Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships (HKC) as the convention today marked the 10th anniversary of its adoption. The convention requires ratification by 15 states and 40% of the world's tonnage. Malta's inclusion lifts the total so far to around 28.8% in tonnage terms. Accession to the conventio
  • Beazley launches cyber cover
    Leading marine insurer Beazley has launched a cyber product to protect owners against physical damage and loss of hire resulting from cyber attack. Marine insurers had been reluctant to provide cyber cover but such products are now growing in number. Tim Turner takes Beazley's reins from Clive Washbourn Beazley said the cover, named Cyber Defence for Marine, would help owners meet the IMO's req
  • IMO ruling on toxic coatings could cost shipowners dearly
    Owners could be forced to recoat the hulls of thousands of ships if revisions to anti-fouling convention are approved
  • Shipping brings 'hope and healing' to Africa's poorest
    Geneva ball hears how shipping and trading communities have thrown their weight behind Cargo Day fundraising
  • Klaveness Combination Carriers raises $40m for new ships
    Norway's Klaveness Combination Carriers (KCC) has completed a new stock issue that will see it bank NOK 350m ($40m). Klaveness raising cash for more combination carriers It will issue 7.36m shares at a price of NOK 47.50 each. The company was targeting a figure of between NOK 200m and NOK 400m to pay for two optional Cleanbu combination carriers at China's Jiangsu New Yangzi Shipbuilding. It ha
  • Eidesvik Offshore sees seismic boost after smaller first-quarter loss
    The offshore support shipowner said its result exceeded the expectations of both the company and its lenders.
  • PSV recovery sees profit rolling in at Standard Drilling
    Platform supply vessel (PSV) investor SD Standard Drilling has been boosted by the North Sea sector recovery in the first quarter. The Norwegian company said net earnings to 31 March were $2.98m, against $0.14m in 2018. SD Standard Drilling buys PSV at bargain-basement price It attributed this to an unrealised gain of $2.9m on the revaluation of financial assets. Revenue and EBITDA from charte
  • Turkish owner Arkas lands $800m refinancing deal
    Turkish shipowner Arkas Holding has clinched an $800m refinancing package in a deal with banks. The company said the facility was arranged by lender Yapi Kredi. Arkas, Cosco team up for reefer service The loan matures over five years with a 12-month grace period. The company said it is taking measures to strengthen its balance sheet and reduce financial costs in a time of high interest rates.
  • PSV trio reactivated after combined 11 years
    A trio of platform supply vessels (PSVs) have re-entered the buoyant North Sea spot market after a combined 11 years - 4,178 days - in layup. The moves once again demonstrate the trend for bringing units back into play as rates rise. Anchor-handlers have been booked for supply work as the PSV supply ran low in recent weeks. Anchor handlers step in as PSVs sell out in Norway Broker Westshore sai
  • Angeliki Frangou eyes up VLCC options to renew Navios Acquisition fleet
    Angeliki Frangou's Navios Maritime Acquisition is looking to the optional newbuilding slots it holds in Japan for the next stage of its VLCC fleet renewal programme. Imabari confirms four VLCC newbuildings for Navios Frangou's Navios eyes rare VLCC order at Imabari Frangou merging VLCC vehicle into Navios Acquisition New York-listed Navios has sold two veteran VLCCs this year and took its orde
  • VLGC owner Avance Gas banks $515m refinancing package
    John Fredriksen-backed Avance Gas has refinanced debt of more than $500m in a reshaping of its balance sheet that overshadowed a weak first quarter performance. Culture clash forced Christian Andersen's exit from Avance Gas Andersen replaces Andersen at head of Avance Gas Avance Gas closing in on refinancing as scrubber decision nears Christian Andersen, then president of Avance Gas, told Trad
  • DSME profit down but beats estimates
    Korean shipbuilder DSME has topped analysts' profit estimates in the first quarter, despite weaker results year-on-year. Operating earnings were KRW 199.62bn ($167.8m), compared to KRW 298.6bn a year ago. The forecast range was between KRW 66.56bn and KRW 110bn, according to Bloomberg data. Net earnings came in at KRW 195.18bn, against a range of KRW 43.17bn to KRW 86.49bn. It made KRW 226.3bn
  • Mikelis fears plurality of standards for global shiprecycling
    Consultant and Hong Kong Convention architect concerned at consequence of Alang recyclers chasing European list 'carrot'
  • Jotun records sharp increase in results for first quarter
    Jotun, the a leading producer of marine paints, has delivered strong results in the first quarter of 2019. The privately owned company has said it also expects better results in the coming quarters than it achieved last year. Jotun paints a brighter picture over IMO changes Jotun's financial performance brightens The improved outlook comes after the Sandefjord-based outfit was hit by the colla
  • Saudi tanker attacks reveal dangerous geopolitical waters
    Holing of Saudi vessels, trade wars and the rise of nationalism spell trouble for shipping
  • Sea Stallion Pool sets sights on up to 40 bulkers
    Managers confident of growing Hamburg-based handysize operation, which is outperforming indices
  • Norway raises security level after Gulf attacks
    The Norwegian Maritime Authority (NMA) has raised the security level for its ships following the attack on tankers at Fujairah in the UAE. At least four vessels were targeted in what appeared to be a mine attack on Sunday, including two from Saudi Arabia and Norwegian manager Thome's 47,000-dwt Andrea Victory (built 2005). No one has yet admitted responsibility. Mystery deepens as tanker attack
  • Sabrina Chao in female line of succession at Bimco
    Sabrina Chao will follow Sadan Kaptanoglu as Bimco president as the organisation embraced change at its annual meeting. The world's largest shipping association elected the managing director of HI Kaptanoglu Shipping as its first female president last night in Athens. "It is a great privilege for me to chair the Bimco board of directors in this crucial time of change for shipping," Kaptanoglu sa
  • Andreas Sohmen-Pao takes the chair at Epic Gas as loss cut
    BW Group supremo Andreas Sohmen-Pao has been appointed chairman of Epic Gas following its takeover. LPG carrier owner Epic said Charles Maltby had stepped down from the role, but remains CEO and a director. Sohmen-Pao steps on M&A gas with Epic takeover in his sights New chapter unfolds in Epic saga Epic Gas confident fleet renewal efforts will fuel profit Sohmen-Pao is already chairman of BW
  • Diamond S product tanker targeted by robbers off India
    Incident follows similar boarding of Stena-Sonangol suezmax pool vessel last month.
  • Thoresen Shipping makes weaker start to 2019
    Higher operating costs and lack of impairment gains dent results at Thai-backed bulker owner.
  • Horizon Maritime eyes Norwegian market with Aalesund office
    Canadian offshore vessel operator launches expansion drive as ex-Bourbon OSV joins the fold.

American Shipperweb site
MAY 15, 2019
  • Bill could provide $10 billion a year for infrastructure work
    The National Multimodal and Sustainable Freight Infrastructure Act, introduced by Rep. Lowenthal, would establish the Freight Transportation Infrastructure Trust that would distribute the funds through a formula and competitive programs.
  • Ways and Means panel hearing on USMCA next week
    House Democrats are seeking beefed-up labor, environment, enforcement and pharmaceutical provisions in the trade agreement.
  • Corps funding would increase in FY2020 House bill
    The House Appropriations Committee's FY2020 Energy and Water Development and Related Agencies funding bill also would increase HMTF projects by $147 million.
  • HMM revenue up but volume uncertainty remains
    The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.
  • CBP launching air cargo screening enforcement
  • More carriers join Digital Container Shipping Association
  • Deutsche Post DHL 'will take a big step forward' in 2019
  • Accident kills dockworker, injures another at Port of Los Angeles
  • Yang Ming reports higher revenue, smaller loss in Q1
  • OOIDA opposes lower age for CDL holders
  • Teamsters, YRC Worldwide contract takes effect
  • Executive Moves: Crowley, Deutsche Post AG
  • Port of Oakland looks at diversifying revenue
  • DSV offers intelligent supply chain design and execution

The Bunker Bulletinweb site
MAY 15, 2019
  • Greece Piraeus bunker premium to Singapore nears year high
    Piraeus, Greece, bunker fuel premiums to Singapore prices reached the highest in almost a year.
  • Shell offers VLSFO marine fuel trials, ready for sales
    Shell is offering trials of its 0.5% sulfur marine fuel oil to customers in key ports in readiness for IMO 2020.
  • TANKERS: India's MRPL taps Aframax tankers for crude supply due to SPM closure
    "So far six to seven Aframaxes have been taken by MRPL [for the May 20-30 loading window]," a shipbroker said.
  • Portugal's Galp to offer 0.5% marine fuels from November
    "All of Galp's 0.5% fuel [will] come directly from our own refineries," a company representative said.

›››File
FROM THE HOME PAGE
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
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
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%)
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%
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%
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%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
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%)
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.
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
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
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
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
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%.
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.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
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
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.
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
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.
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%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
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.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
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%).
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 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.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
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.
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
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
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
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.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
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
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.
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
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
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.
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
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
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
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
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
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
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
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"
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
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
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
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
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
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
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.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
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.
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
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
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
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
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.
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.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
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
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.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
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%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
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%
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
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
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
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%)
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
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
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.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
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%)
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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