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24 April 2025 - Year XXIX
Independent journal on economy and transport policy
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December 1, 2022

free news
Exim India web site
DECEMBER 1, 2022
  • MSA Global forays into auto logistics
  • Reach stacker manufacturing sector needs subsidised policy
  • PSA India launches new direct southern rail connection to Cochin
  • CONCOR's revised additional discount scheme on rail freight of empty containers' repositioning based on incremental imports
  • A.P. Moller-Maersk & IBM to discontinue TradeLens, a blockchain-enabled global trade platform
  • Gateway Distriparks to commence container train services at ICD Kashipur
  • India calls for time-bound action plans for digitisation at IMO Council Session
  • Ammonia-fuel ready LNG-fuelled vessel proceeds to actual design
  • YOU ASK.. WE ANSWER...
  • DGFT notifies lifting of ban on export of organic broken non-basmati rice
  • Bumper wheat production seen in 2023
  • Railways aims at over 100 coal connectivity projects
  • Seafood exports likely to miss target for FY23
  • ONE's new weekly IGS service to connect Jebel Ali with Mundra, Hazira & Nhava Sheva
  • Permissible draught at New Mangalore Port berth up

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International Transport Journal web site
DECEMBER 1, 2022
  • Europe to Central Asia rail service launched
  • GoA4 passes the test
  • Negative impact on world trade
  • Allcargo makes big purchase
  • K+N: Marc Pfeffer to join management board
  • Masterplan for King Salman International Airport
  • Low waters leaving their mark on the Rhine
  • A new project team is on
  • Forwarder reactivates industrial rail track
  • Switzerland adopts European drone regulations
  • Deutsche Aircraft promotes Maximilian Fahr
  • Ammonia import terminal rises from the waters
  • Air & logistics united for net zero
  • Financial support for booking platform
  • "Curiosity of the Day"
  • Mileway picks Aymeric Canivenc
  • Iata renews Ceiv Pharma for Portground
  • Avianca: three new speed service levels

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The Loadstar web site
NOVEMBER 30, 2022
  • Fears that transatlantic rates may sink under the weight of extra tonnage
  • Decaying demand sees China's ports building empty container mountains
  • Fate of TradeLens data in the ether as Maersk ditches blockchain platform
  • Zergratran's new Panama Canal 'alternative' - pull the other one
  • Atlas Air shareholders vote for merger, despite alleged violations of Securities Act
  • EU gets updated shipping ETS and now the focus switches to aviation
  • Government must stand firm, say shippers after latest Korean strike talks fail
  • Après moi, le déluge
  • US 'annual shopping orgy' sees record sales as retailers heavily discount
  • US trucking industry on the verge of freight-tech revolution

free news
Marine Log web site
NOVEMBER 30, 2022
  • Maritime Partners orders key technology for Hydrogen One
    Plans to make the world's first methanol/hydrogen fuel cell-powered towboat - Hydrogen One -a reality are moving forward. The vessel will be powered by hydrogen generated from methanol and Maritime Partners, which

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Container News web site
NOVEMBER 30, 2022
  • SC Ports contributes US$50,000 to urban trail system in the City of Greer
    South Carolina Ports (SC Ports) is contributing US$50,000 to the City of Greer to help create an urban trail system in the Sunnyside community. The proposed trail system, called the Wards Creek Trail, will provide a new recreational amenity for Sunnyside residents, according to South Carolina ports and it is designed to create more pedestrian access and connectivity to the City of Greer's downtow
  • Tips for Buying a Classic Car Online
    When it comes to classic cars, nothing beats the experience of buying one. You can inspect every inch, chat with the seller, and get a feel for the car's history. But what if you don't live near any classic car dealerships? What if the vehicle you want is out of your price range? In those cases, buying a classic car online may be your best option. Here are some tips to ensure the process goes as
  • ICTSI announces start of first Rijeka - Austria direct cargo rail service
    International Container Terminal Services Inc. (ICTSI) has announced that a new first regular train connection has been launched between the Croatian port of Rijeka and Enns in Austria. The first train for Container Terminal Enns (CTE) in Austria departed from ICTSI's Adriatic Gate Container Terminal (AGCT) on 11 November. The block train is operated by Maersk Line with CD Cargo Adria providing r
  • UTURN introduces container price calculator tool
    UTURN has announced the launch of the first container price calculator on 1 December 2022, which is expected to provide a benchmark and insights into the duration of the transportation, the number of kilometres and the Co2 emissions. According to UTURN, a logistics tech scale-up that optimises and matches container transports in Europe, its new tool calculates today's price for container transpor
  • Port Houston adds container yard space and approves next year's budget
    Port of Houston Authority has unveiled its plans to add container yard space aiming to improve the efficient movement of goods in order to reduce ongoing disruptions to the supply chain. More specifically, Port Houston plans to use approximately 405,000 m² at the developed Bayport East End (East End) of the Bayport Container Terminal (BPT) in Harris County, Texas as an additional container yard (
  • Maersk opens new storage facility in Pakistan
    A.P. Moller - Maersk inaugurated its new Integrated Logistics Park at Port Qasim in Pakistan. This facility will cater to storage requirements of cargo from retail & lifestyle, Fast Moving Consumer Goods (FMCG), automotive and technology sectors, according to the company. With its six purpose-built sheds, the new facility makes Maersk the country's largest logistics and warehousing provider, with
  • CMA CGM starts new link between Morocco, Canada and US East Coast
    CMA CGM has announced the launch of a new seasonal offering connecting Tanger, Morocco with the United States East Coast & Canada during fruit and vegetable season. The rotation of the new service, MOCANA, will be Tanger Med (Morocco) - Halifax (Canada) - New York (US)- Norfolk (US)- Savannah (US) - Charleston (US)- Tanger Med. The 9,661 TEU boxship CMA CGM Pelleas will be used on the next voyage
  • Port of Salalah and Maersk to launch new multimodal transport solution
    Port of Salalah, partnered with Danish container carrier Maersk, will launch a new multimodal transport solution to Al-Mazyunah free zone in Oman. Designed to facilitate inland services, the new offering extends beyond the port and includes securing customs clearances and bonded trucking services to Salalah and Al-Mazyunah free zones hubs under carrier haulage. According to Salah port, the new se
  • OCEAN Alliance to upsize Transatlantic lane again
    The OCEAN Alliance is upsizing its transatlantic service again by replacing four 8,500-10,000 TEU ships with four 11,000 to 14,000 TEU vessels. COSCO Shipping Lines, CMA CGM and Evergreen Marine Corporation form the alliance. On 9 December, the 14,000 TEU Tampa Triumph will become the largest vessel ever deployed in the North Europe - US East Coast trade when it replaces the 9,466 TEU Ever Lucky.
  • ONE introduces new service to connect India and UAE
    Singaporean container line Ocean Network Express (ONE) will launch a new weekly service, connecting India with the United Arab Emirates (UAE). The new India Gulf Service (IGS) has been developed, according to ONE, in order to provide a stable and quick connection to its customers and to cover the rising trade demand between the two countries which has been boosted by the Comprehensive Economic Pa
  • Maersk and IBM shutdown TradeLens
    AP Moller - Maersk and IBM have decided to withdraw the TradeLens offerings and discontinue the platform. "TradeLens was founded on the bold vision to make a leap in global supply chain digitisation as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLen
  • ONE Trust, equipped with wind deflector, arrives in France
    The 20,170 TEU container vessel ONE Trust is the first ship in the world to be equipped with a wind deflector on the bow. The vessel of Ocean Network Express (ONE) arrived in Le Havre, France in the previous week, making its first port of call after the installation of the new device. ONE Trust is the only, of a series of six 20,170 TEU container ships, to be equipped with this device. The instal

free news
Splash web site
NOVEMBER 30, 2022
  • New report puts a $90bn price tag on UK's shipping net zero target
    UK maritime sector will need around £75bn ($90bn) of investment over the coming three decades to transition to net zero, a new report released by London-based shipping asset manager Marine Capital estimates. In 2019, the UK became the first major economy in the world to legislate to reach net zero by 2050 including the domestic ...
  • EU agrees preliminary ETS deal for shipping
    EU institutions have hammered out a preliminary agreement to include shipping within the scope of the emissions trading system (ETS). Under the deal struck late Tuesday evening, all ships of 5,000 gt and over within the EU will be required to pay for 100% of their emissions, while 50% of the emissions on voyages between ...
  • Terntank orders up to four methanol-ready and wind-assisted battery hybrid tankers
    Tanker operator Terntank has placed an order at China Merchants Jinling Shipyard in Yangzhou for the construction of up to four battery hybrid 15,000 dwt ships that will be methanol-ready and sport wind-assisted propulsion. The firm two newbuilds, also powered by gasoil and biofuels, have been designed by Kongsberg and are set to deliver in ...
  • Ineos bolsters ethane carrier fleet with Iino's VLECs debut
    London-headquartered chemicals firm Ineos has sealed a long-term charter deal with Japanese shipping line Iino Kaiun Kaisha (Iino Lines) for two newbuild very large ethane carriers (VLECs). The 99,000 cu m newbuilds will deliver in 2025 and 2026 bringing Ineos' ethane fleet to a total of 18 vessels, including ten VLECs and eight Dragon class ...
  • Celsius adds to Samsung Heavy LNG carrier orderbook
    Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries, taking its orderbook of ultra-eco ships at the yard to 10 and adding to the fleet of four units already delivered in 2020 and 2021. The vessel will be built to Lloyds' Register ...
  • Secondhand bubble has 'burst'
    Even though tanker assets have shot up in recent months, overall secondhand ship prices are in free-fall. The newbuilding index managed by Clarksons Research has this month gone back above the company's secondhand index (see inset chart), a return after 19 months to more normal shipping patterns. While the two indexes are not indexed relative ...
  • Splash Extra: Muted maritime trade growth forecast through to 2027
    Yesterday the United Nations Conference on Trade and Development (UNCTAD) published its keenly read Review of Maritime Transport 2022. The 190-page report covers seaborne trade, the world fleet, freight rates and port traffic among a host of other data points. For the period 2023-2027 UNCTAD is predicting maritime trade growth to expand at an annual ...
  • DEME and Jan De Nul lining up French wind farm deals
    Belgian marine contractors DEME and Jan De Nul are lining up work on the Dieppe-Le Tréport offshore wind farm in France. Les Éoliennes en Mer Services, a consortium of Engie, EDP Renewables, Sumitomo Corporation and Caisse des Dépôts said it had inked a vessel reservation deal with Jan De Nul for the transport and installation ...
  • Maersk and IBM fold TradeLens
    Maersk and IBM have announced they will discontinue their work on their TradeLens blockchain platform, citing a lack of industry willingness to participate. The platform, under development since 2018, will go offline by the end of Q1 next year. "TradeLens was founded on the bold vision to make a leap in global supply chain digitisation ...
  • Wintermar bolsters fleet with AHTS pair
    Indonesia's Wintermar is expanding its offshore support fleet with the acquisition of two anchor handling tug supply (AHTS) vessels. The transaction details have not been disclosed, except that the AHTS pair will be known as SMS Sonnet and SMS Stanza after delivery and will be used beginning in the first quarter of 2023. Wintermar has ...
  • Carrier results could fall up to 70% in the fourth quarter: Alphaliner
    With the container shipping industry widely accepting that the peak of an epic cycle was passed by the middle of this year, attention is turning to how severe the drop in profits could be in the coming quarters. Alphaliner is warning carrier results could fall up to 70% in the fourth quarter, with Israel's ZIM ...
  • Tsakos urges Rishi Sunak to make London a more attractive place for shipowners
    One of Greece's most famous shipowners has called on the new Rishi Sunak administration in the UK to make London a more attractive place for shipowners. Nikolas Tsakos, the head of tanker giant Tsakos Energy Navigation (TEN), has decided to come onboard as a sponsor of next year's London International Shipping Week (LISW). In doing ...
  • Costamare details new dry bulk platform
    Costamare has given details of its new dry bulk operating platform. The new venture, which the Greek owner has pumped $200m into, has a global footprint through offices in Athens and Monaco and through agencies in Copenhagen, Hamburg and Singapore. Costamare said the new venture will charter in and out dry bulk vessels, enter into ...
  • Aristidis Alafouzos takes over as CEO at Okeanis Eco Tankers
    Aristidis Alafouzos is stepping up from COO to replace his father, Ioannis Alafouzos, as CEO at Okeanis Eco Tankers. Alafouzos senior will become chairman of the Oslo-listed firm. In further management changes, Iraklis Sbarounis, former CFO at TMS Shipping, is joining the company as CFO, serving alongside Konstantinos Oikonomopoulos, who will take over the role ...
  • Nuclear power pursued by Canadian port
    The Belledune Port Authority (BPA), which manages the Port of Belledune in northern New Brunswick, Canada, is working with Cross River Infrastructure Partners to pursue the use of advanced small modular reactor (aSMR) technology as part of a future expansion at the port. The development proposes to use aSMR from ARC Clean Technology Canada (ARC) ...
  • UN warns of muted maritime trade growth through to 2027
    The United Nations has warned shipowners to prepare for years of slower maritime trade growth coming up through the middle of this decade. Yesterday the United Nations Conference on Trade and Development (UNCTAD) published its keenly read Review of Maritime Transport 2022. The 190-page report covers seaborne trade, the world fleet, freight rates and port ...
  • Stop talking, start doing
    I'm detecting a step change in owners' attitude to decarbonisation. Pacific Basin from Hong Kong has broken ranks in the dry bulk segment, startling this laggard sector into action. For too long now, shipping has been talking a great deal of green hot air with very little to show in terms of progress. Sure, there ...
  • November 2022 Review
    Tanker rates spiked into six-digit territory as Russia rushed to export as much oil as possible ahead of strict new shipping sanctions next month. Details of a Russian oil price cap and penalties and bans against shipping companies who infringe sanctions due to come in place on December 5 have begun to emerge. LNG rates, ...
  • The double-decker tanker freight market
    Oil prices have been drifting downwards. They fell 2% on November 25 as Brent closed at $83.63 a barrel and WTI sat at $76.28 a barrel, both near or at 10-month lows. The two-month ahead price dipped into contango, indicating current oversupply with near term delivery prices lower than the two-month out price. Falling oil ...
  • Dry bulk owners will be satisfied with 2022
    After the biggest annual increase on record, 176% in 2021, the Baltic Dry Index (BDI) is set for one of its biggest annual falls on record this year, being down 33% already, the biggest drop since the end of the previous cycle in 2015 when it fell 35%. Only a strong December can prevent this, ...
  • Thanks for the container party, time to go home
    AP Moller-Maersk released its Q3 report on November 2, in which it said that revenues were up 37.1% at $22.8bn and EBITDA was up 56.4% at $10.9bn. Maersk reported that its average container shipping contract rate would be around $1,700 per feu higher in 2022 than in 2021, and that contracts would cover 71% of ...
  • Analyst Abstract
    Tankers Tanker rates exploded this month, heading deep into six-digit dollars a day territory, leading experts at BRS to describe the numbers as "completely bonkers". BRS, and others, believe the rally is sustainable as the northern hemisphere enters winter with much of the West avoiding Russian energy supplies. Yesterday saw Jefferies raise its estimates and ...
  • Secondhand prices in retreat
    The chart to note on this page is the one from Clarksons where the red line of newbuild prices has returned to its normal place above the dark blue line representing secondhand prices. Only during a very hot market does this blue line surpass the red one, as owners rush to grab any available, immediate ...
  • Are surging borrowing costs affecting ship prices?
    Analysts at Compass Maritime recently noted that despite higher interest rates and reports of fewer buyers offering on sales candidates, a large number of tanker and bulker sales of all sizes and ages have been completed in the last month or so. The US shipbroker stated that on the other hand rising interest rates this ...
  • Developers of Connecticut's first offshore wind farm to fund marine life study
    Ørsted and Eversource, developers of Connecticut's first offshore wind farm, Revolution Wind, have established a multi-year research partnership with non-profit Mystic Aquarium to conduct one of America's first comprehensive studies of the effects of offshore wind turbines on marine mammals and sea turtles. The research partnership is part of a $1.25m grant Ørsted and Eversource ...

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Lloyd's List web site
NOVEMBER 30, 2022
  • Greek tanker calls expose Russia's looming post-sanctions tonnage shortfall
    Russian tankers and dark-fleet vessels accounted for 44 out of 172 voyages monitored, revealing a serious shortfall of available tonnage...
  • Nordic American Tankers returns to profitability
    Tanker group says combination of tonne-mile expansion and low supply growth 'is bullish news for our vessels for 2023 and...
  • Kiel Canal closed to shipping after vessel hits bridges
    Thirty casualty incidents this year have resulted in the complete blocking or disruption of maritime traffic
  • BIMCO sees 2024 as more favourable year for dry bulk
    Against the backdrop of a weakening economy and uncertainties around Chinese demand, average dry bulk rates are expected to be...
  • London Club outlook rating revised down by S&P
    Financial strength rating held at BBB, among lowest in the International Group
  • UK shipping needs $90bn to meet net-zero goal
    New sources of capital will be required to fund the industry's decarbonisation transition, with institutional investors a possible viable source...
  • Why the pandemic was a watershed for shipping
    In the same way that the switch from 'relationship banking' to 'digital banking' has taken 10-15 years to get right...
  • Iino Lines orders VLECs for charter to UK's Ineos
    British chemical group Ineos has agreed long-term time charter of 99,000 cu m capacity pair via its Trading & Shipping...
  • Terntank orders advanced products tanker newbuildings
    Newbuildings will be built to methanol-ready specification with the design optimised for the retrofitting of sail assistance equipment in the...
  • EU reaches preliminary agreement to include shipping in ETS from 2024
    Ringfencing of revenue from carbon market is a huge deal, says European Community Shipowners Association
  • Boxship supply growth must be curtailed to improve outlook
    Capacity growth will outpace demand growth for the next two years at least. Economic headwinds will continue to put pressure...
  • Frontline expects 'prolonged' strong cycle for tanker sector
    'The market is virtually firing on all cylinders,' says chief executive
  • Top 10 in ship finance 2022
    BNP Paribas signed a deal with Japan's SBI Leasing for financing under newly embraced Japanese Operating Lease with Call Option...
  • Costamare expands its dry bulk presence
    The company, which broke into dry bulk last year, will charter vessels both in and out, enter into contracts of...
  • Russia increases wheat shipments
    Black Sea Grains Initiative, which was designed to allow safe navigation from three Ukrainian ports, has so far achieved its...
  • Shipping industry needs more support to become greener
    Regulation must be consistent across geographical borders and industrial sectors
  • Taylor Maritime offer for Grindrod declared unconditional
    Taylor Maritime has offered $21 for each share tendered. In addition, each Grindrod shareholder will receive a $5 special cash...
  • Samsung seals $251m LNG carrier newbuilding order
    SHI has won orders for 36 LNG carriers in 2022, comprising 73% of its total orderbook
  • Daily Briefing
    Togo turmoil over flag registry status after 'embarrassing' violations | CULines faces charterparty default as rate collapse leaves emerging lines...

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The Journal of Commerce web site
NOVEMBER 30, 2022
  • Software woes force Houston to delay start date of long-dwell import fee
    The Port of Houston, citing technology problems, is postponing the start date of a new fee that would penalize shippers who don't retrieve import containers after the allowable free time.
  • House takes action to avert crippling US rail strike
    The US House of Representatives has waded into ongoing rail negotiations, passing a bill to prevent a potential strike and a second resolution that would give workers seven paid sick days.
  • Pandemic offers opportunity to improve US port flow
    All supply chains converge at the marine terminal, so facilitating and protecting fluidity through the terminal is the key to unlocking broader supply chain effectiveness, writes JOC's Peter Tirschwell.
  • Heightened final-mile expectations drive investment into OneRail
    OneRail has channeled the need for shippers to access final-mile capacity and service level consistency into a large venture capital funding round.
  • Ocean carrier profits to tumble in Q4 slowdown: analyst
    Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
  • Ocean carrier profits to tumble in fourth quarter slowdown: analyst
    Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.

news on subscription
TradeWinds web site
NOVEMBER 30, 2022
  • Seanergy Maritime beats estimates profit slumps in weaker market
    New York-listed capesize owner stays confident as time-charter equivalent revenue slumps
  • KNOT Offshore Partners shares battered as the New Year looms with charters expiring
    Shuttle tanker owner is 'expending a great deal of energy' to find charter coverage in 2023
  • The $200m MR tanker? Jones Act expert says that number could be next
    The cost of a future newbuilding will require a hefty charter rate to justify the investment, expert says
  • S&P Global Ratings revises London P&I Club outlook to negative
    Agency says adjustment was made because of a change in the insurer's capital adequacy
  • 'Complicated': Euronav offer delay is purely regulatory, insists Frontline's Barstad
    Tanker boss admits process of moving domicile from Bermuda to Cyprus has proved time-consuming
  • Container sector braces for era of lower profits as spectacular rate slide continues
    A year during which container profits exceeded those of FANG tech giants draws to a close
  • Green Seas: What will EU methane emissions trading mean for LNG-fuelled ships?
    Our weekly environment newsletter looks at the potential impacts of adding shipping's methane pollution to EU emissions trading
  • Gasunie plans new FSRU-based LNG import project for Netherlands
    Athens meeting hears pleas for more LNG import infrastructure in Europe, increased LNG supply and regulatory certainty
  • Donald's Carnival cruise legacy: A boom bookended by crises
    As former CEO steps back from cruise giant, he leaves the sector's dominant company facing a long voyage back to financial health
  • AP Moller-Maersk pulls the plug on TradeLens blockchain venture
    Digital platform deemed 'commercially unviable' will be taken down next year
  • EU includes methane and nitrous oxide in shipping emissions trading scheme
    Observers hail 'huge' breakthrough as European policymakers iron out details over how shipping emissions will be traded
  • Harvey Gulf reveals how pig manure fuelled its pursuit of net-zero goals
    Offshore vessel owner finds that blending only a small portion of bio-LNG into the fuel mix allows for net-zero operations
  • UK needs $90bn to decarbonise domestic shipping but funds hard to obtain, says report
    Marine Capital report argues green fuels for ferries and ro-ros can cut emissions quickest but government will need to support new financial products for investors
  • Bimco: Price cap impact 'impossible' to gauge in tanker markets
    Shipowners remain in the dark about the scheme as the European Union has yet to set a price level
  • Schuyler Line sues construction giant over repeated holdups at remote British military outpost
    US shipowner alleges Fluor Corp subsidiary owes it $2.2m in detention and demurrage charges related to a military construction project
  • West will 'struggle to enforce oil price cap breaches'
    Sanctions expert says measures to limit Vladimir Putin's profits from energy sales have not been thought through
  • Ineos builds world's biggest ethane carrier fleet with new Iino VLECs
    British chemicals producer adds two 99,000-cbm ships in deal with Japanese owner
  • Boost for CO2 carriers as E.ON reveals 'industrial-scale' storage project
    Energy company commits more than 1m tonnes to Norwegian scheme
  • ABS launches digital start-up with eyes on shipping's decarbonisation challenge
    Led by tech veteran Paul Sells, stand-alone company ABS Wavesight aims to focus on digital products while leveraging class society's maritime experience
  • Terntank orders up to four tankers ready for wind and methanol propulsion
    Owner continues decarbonisation journey with deal in China for innovative ships
  • Why shipping must act now to beat inertia on global emissions goal
    Efforts to persuade the IMO to strengthen targets will continue, but a climate expert says it is just too late
  • Ineos builds world's biggest ethane carrier fleet with new Iino VLECs
    British chemicals producer adds two 99,000-cbm ships in deal with Japanese owner
  • EU includes methane and NOX in shipping emissions trading scheme
    Observers hail 'huge' breakthrough as European policymakers iron out details over how shipping emissions will be traded
  • Russia working on boosting recognition of domestic tanker insurance, minister says
    Moscow is seeking agreements to help oil shipments move out
  • Greek PM says country could host up to four new LNG terminals
    Minister says a final investment decision on a new FSRU-based facility near Corinth will be taken soon
  • Grieg Green's Pia Meling steps in as Star Capital directors quit MPCC
    German tonnage provider calls shareholder meeting to add experienced executive to board
  • Celsius Tankers boosts LNG carrier fleet with SHI newbuilding
    Company moves into double figures with latest order which it said is fixed to major charterer
  • Frontline stretches Fredriksen loan and clears away early 2023 debt maturities
    New finance deals cut interest costs as owner seeks to boost earnings
  • Costamare confirms setting up new dry bulk operating platform
    US-listed company commits up to $200m in new venture, which plans to engage in long-term trading activities
  • Frontline goes for more VLCC scrubber retrofits as profit soars
    John Fredriksen-backed owner has trebled VLCC earnings so far in the fourth quarter
  • Piraeus Marine Club prepped for the great P&I debate
    Insurers to argue it out face to face with owners ahead of next February's renewal
  • Wintermar snaps up more anchor handlers as fleet renewal continues
    Company also celebrating 12 years since it went public with listing on Indonesia's stock exchange
  • Frontline sweetens Euronav takeover offer with delayed $66m dividend
    Fredriksen-controlled owner wants to ensure new shareholders see the benefit of tanker boom
  • Markets upbeat on potential easing of China Covid-19 restrictions
    The country is now pushing greater vaccination of the elderly, driving speculation that it may ease some of the rules even further
  • Fred Olsen to give smallest cruise ship the heave-ho
    Cruise operator to sell Braemar as UK cruise market remains 'uncertain'
  • KNOP may switch shuttle tankers to conventional tanker market
    But it says that despite strong headline rates, all-in returns may be insufficient once utilisation and fuel costs are considered
  • Shanghai Junzheng orders chemical tanker newbuildings worth up to $270m
    Owner signs for two firm vessels with four options
  • Cash buyer sells capesizes on for Pakistan scrapping but prices still falling
    Brokers report no new major deals in struggling recycling sector
  • Middle East offshore poised for supercycle after near decade-long lack of investment
    Oil demand has returned to pre-Covid levels, matching the level of supply once more

news on subscription
American Shipper web site
NOVEMBER 30, 2022
  • New de-icing facility speeds up FedEx cargo flights at Memphis hub
    FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.

››› File
FROM THE HOME PAGE
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
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 "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
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