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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
00:29 GMT+1
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BRIEFS
July 27, 2022
Exim Indiaweb site
  • JNPA partners with Bank of Baroda to digitise the Port Authority's payments, collections & liquidity management
  • 'Transporting Dangerous Goods by Sea' E-Learning course launched
  • Maersk rainbow container in India for month-long tour to celebrate diversity & inclusion
  • Engineering goods exports up in Q1
  • Lowest half-yearly tanker contracting volume on record
  • UPS opens gateway facility at Bengaluru's Kempegowda International Airport
  • Hactl pioneers logistics in training accreditation
  • India's LPG imports seen setting record
  • India should explore trade deal with AfCFTA: Commerce Secretary
  • Govt mulls more sugar exports to prevent defaults on contracts
  • Coastal coal shipping faces rough weather due to rake shortage
  • Non-oil exports to Nepal dip in April-May

The Loadstarweb site
JULY 26, 2022
  • Exclusive: AF-KLM looks set to take commercial control of CMA CGM Air Cargo
  • Truckers end port of Oakland protest blockade over AB5 law - for now
  • Analysis: Exceptional DSV summits beat peak Kuehne
  • SM Line chief eyes IPO revival by 2024 - but no ambitions to acquire HMM
  • K+N targets SMEs for growth as it celebrates 'another outstanding quarter'
  • Coca-Cola gets a taste for cheaper inland waterway service in India
  • Ripples from Black Sea shipping crisis hitting regional supply chains
  • DFDS boosts Irish expansion with takeover of Lucey Transport Logistics

Marine Logweb site
JULY 26, 2022
  • Maersk puts containers on barges for India-Bangladesh cross-border logistics
    Maersk has successfully completed the first India-Bangladesh cross-border logistics of containerized cargo using the inland waterways of the Indo-Bangladesh Protocol Route. By transporting 50 TEU containers for Coca-Cola Bangladesh Beverages from Kolkata
  • Can U.S. LNG exports meet European demand?
    The Council of the EU said today that, in an effort to increase EU security of energy supply, member states have reached a political agreement on a voluntary reduction of natural gas

Lloyd's Listweb site
JULY 26, 2022
  • Swedish Club to open new office in Singapore
    Team Singapore is responsible for members in the city state and other markets in Asia including India, Japan and Thailand.
  • Russia and China behind 'high-risk' mid-Atlantic tanker transfer hub
    Emergence of an Atlantic ship-to-ship transfer hub is a case of owners taking big risks for big money. At the...
  • Capesize recycling sale confirms extent of price drop
    Korea Line Corporation sells 23-year-old capesize bulk carrier for scrap for $529 per light displacement tonne
  • Europe's box ports facing multiple challenges
    Box hubs around Europe are facing high yard density and struggling to get containers off dock. Labour shortages are compounding...
  • Gambia's flagging foray results in string of ship detentions
    A string of detentions at the hands of Mediterranean port state control authorities effectively means the entire internationally trading fleet...
  • Flag states still failing to submit casualty reports
    Nearly 40% of very serious casualties do not result in a flag state investigation being published, and even when governments...
  • Infinity Maritime adds ABS to sustainability team
    Interest coming from owners of tankers, gas carriers and shortsea shipping as well as bulkers, says Infinity
  • Oaktree-linked oil tanker banned from Australia on crew welfare issues
    Investigations by Australian authorities found evidence that 21 crew members were collectively owed $86,000, while food and water on board...
  • DSV raises guidance but warns of falling yields
    Earnings in the first half of the year have boosted the full-year outlook. But the second half may not see...
  • HNA Tech to rebuild core business with $106m dry bulker acquisition
    Company says the acquisition will bring the number of vessels in its fleet to nine, after the purchase of two...
  • DSME wins dual-fuel LNG carrier pair order
    Daewoo Shipbuilding & Marine Engineering said a dramatic increase in liquefied natural gas imports to Europe will lead to a...
  • Ship emissions rising 'in nearly all sectors'
    Shipping emissions have topped 850m tonnes annually, or 1.3% above 2021 levels, says broker Simpson Spence & Young
  • Global Centre for Maritime Decarbonisation launches $18m drop-in biofuel pilot project
    Pilot project aims to establish an assurance framework that ensures supply chain transparency of drop-in biofuels. The scheme could be...
  • China Merchants unveils green shipping targets
    CMES plans to launch its first carbon-neutral vessel by 2030, although no details were given about the choice of green...
  • Al Seer Marine plans to raise dry bulk capacity to 3m tonnes
    Al Seer Marine early this year acquired four vessels from sanctioned Russian tanker giant Sovcomflot as part of its fleet...
  • Daily Briefing
    Too early to price Ukraine grain risk | Scrubbers offer 'outsized' earnings | VLCC rates rebound | Shippers want consortia...

The Journal of Commerceweb site
JULY 26, 2022
  • Complaints flowing in after FMC adjusts submission process
  • GPA extends truck hours amid growing vessel backlog
  • ILA open to starting contract talks 'soon' with USMX
  • Falling rates to test shippers' long-term contract resolve: DSV
  • US trucking looking more 'seasonal' to motor carriers

TradeWindsweb site
JULY 26, 2022
  • Seaway 7 scores 'sizeable' contract to lay cable for US wind sector
  • 'Worst is in the rearview mirror': BTIG upgrades International Seaways as VLCCs rise
  • Cruise shares 'diverge' from sector's recovering booking performance
  • New Clarksons digitalisation chief Schroder looking to expand his team
  • Furetank makes its 11 ships in series of LNG/LBG product tankers
  • The sun shines on Hafnia's summer party in Geneva
  • 'Unprecedented demand' pushes Matson carbon emissions up by 17%
  • Dennis Uy's Udenna denies default after debt swells to $1bn-plus
  • Pantheon Tankers shakes off oldest ship pair in bumper market
  • Greek supreme court rejects US plea to detain Iranian oil cargo
  • Dorian LPG forecasts stronger charter earnings as vessel costs drop
  • 'Unwise': broker Hanse says container ship sellers and tanker buyers have missed the boat
  • Broker Hanse says patience needed as supramax sales stall
  • Investment giant Softbank backs communications start-up Marindows
  • Swire lets chartered fleet shrink due to high rates but profit still soars
  • Clarksons heading for big profit jump after 'strong' six months
  • Blystad sells out of larger tankers but remains 'positive'
  • Cido downsizes tanker fleet with sale of handysize chemical tanker quartet
  • South Korea steps out of the shadows to enter carbon debate
  • Global Centre for Maritime Decarbonisation-led consortium launches $18m biofuel trial
  • Samudera confirms tanker acquisition from Idan Ofer's Eastern Pacific
  • Ukrainian cargo ship banned from Paris MOU ports
  • Turkey's Arkas Holding leaves market guessing with first bulk carrier acquisition
  • US seeks to close inspection loophole to prevent car batteries from sparking ship fires
  • Westport's tanker investment pays off with aframax asset play
  • Zodiac participates in latest round of fundraising at hydrogen start-up
  • Australia bans Oaktree-linked LR2 tanker after court releases it from arrest
  • Union Maritime takes Premuda MR2 newbuilding on five-year charter
  • Baltic Exchange Singapore revitalises summer social at historic Eden Hall

American Shipperweb site
JULY 26, 2022
  • Texas ports report record-breaking container, crude oil volumes
    Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.
  • Coal far from dead: Global trade thrives, war reroutes shipping
    Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
  • FMC needs more staff to enforce ocean shipping reforms, official says
    A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.
  • How much money do shipping CEOs make? Here's their 2021 pay info
    Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.

The Bunker Bulletinweb site
JULY 26, 2022
  • OIL FUTURES: Crude futures slide amid weakened US economic outlooks, stronger dollar
    Crude futures settled lower July 26 as the market weighed a weakening US economic outlook and concerns about interest rate hikes against reduced Russian gas flows into Europe.
  • US DOE announces next SPR sale, sheds light on plan to replenish reserve
    The US Department of Energy announced July 26 its fifth sale as part of the largest-ever Strategic Petroleum Reserve drawdown aimed at reining in gasoline prices, and also shared details of its plan to replenish the SPR with a proposal that would afford DOE more buying power in the future.
  • Bunker fuel tightness expected to continue at Chittagong: traders
    The availability of bunker fuel is expected to remain tight at the port of Chittagong owing to supply constraints stemming from government restrictions on imports, with a new cargo expected no less than two months later from 26 July, a trader at Chittagong said.
  • Platts to launch carbon-accounted Aframax tanker assessments on 4 European routes Aug 1
    These new assessments will reflect the cost to move crude oil or fuel oil on an Aframax tanker on each route, including the additional cost required to offset 100% of the carbon dioxide emissions created through the combustion and exhaust of a ship's marine fuel through the European Union's Emissions Trading System (ETS).
  • OIL FUTURES: Crude moves higher amid limited Russian gas flows
    Gazprom said July 25 it would reduce gas flows to Europe via its Nord Stream 1 pipeline starting July 27. Citing maintenance on a turbine, natural gas flows are set to drop to 20% of pipeline capacity.
  • REFINERY NEWS: South Africa's Natref expects to restart by end July
    The refinery declared force majeure on supplies of oil products on July 15 after it ran out of crude "following delays in crude oil shipments to Natref due to a force majeure at the loading port," it said.
  • CHINA DATA: July crude throughputs seen lower amid heavy maintenance
    These refineries will process a combined 7.35 million b/d of feedstock in July against their combined capacity of 10 million b/d.
  • ENEOS seeks to boost July-September fuel oil prices by 9%-17%
    ENEOS is looking to raise the July-September high sulfur fuel oil price by 8.8% to Yen 102,620/kl ($120.69/b) from the April-June quarter, according to the documents.
  • Japan to introduce new refining regulations, incorporate decarbonization efforts
    Japan will start formal policy discussions July 28 to introduce a fourth round of refining regulations aimed at boosting the processing volume of vacuum residue, with preferential treatment expected for efforts to decarbonize the refining process, sources told S&P Global Commodity Insights July 26.
  • India's MRPL offers 50,000 mt low sulfur marine fuel for Aug 7-9
    MRPL last offered 40,000 mt of marine fuel 0.5% for May 2-4 loading from New Mangalore.
  • Singapore front month gasoil backwardation slumps below $2/b for first time in 6 months
    The easing in front-month backwardation comes after record high cracks for gasoil in June encouraged refineries to keep production levels high and tilt yields towards gasoil.
  • REFINERY MARGIN TRACKER: Singapore tumbles on rising stocks, increased export competition
    Singapore margins weakened on rising inventories and increased competition as Singaporean refiners were overshadowed by other regional refiners, primarily in South Korea and China.
  • Intense competition pushes Zhoushan LSFO bunker spread with Shanghai to all-time lows
    At least one of China's state-own oil companies was offering delivered low sulfur fuel oil more aggressively than most other physical bunker suppliers at Zhoushan to capture demand, market sources said July 26.

›››File
FROM THE HOME PAGE
PORTS
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
PORTS
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
PORTS
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
SHIPPING
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
CRUISES
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
PORTS
Signed the final agreement on the contract of port workers
Rome
COMPETITION
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
ENVIRONMENT
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
COMPANIES
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
PORTS
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
INDUSTRY
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
PORTS
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
COMPETITION
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
PORTS
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
SHIPYARDS
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
ENVIRONMENT
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
LOGISTICS
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
SHIPPING
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
PORTS
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
SHIPPING
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
SHIPPING
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
PORTS
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
SHIPYARDS
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
PORTS
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
SHIPYARDS
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
INTERMODAL TRANSPORT
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
SHIPPING
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
STUDIES AND RESEARCH
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
COMPANIES
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
PORTS
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
EDUCATION
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
MEETINGS
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
MOURNING
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
NEWS
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
ASSOCIATIONS
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
NEWS
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
SHIPPING
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
SHIPPING
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
PORTS
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
INTERMODAL TRANSPORT
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
PORTS
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
PORTS
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
PORTS
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
PORTS
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
LOGISTICS
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
COMPANIES
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
PROGRESS AND TECHNOLOGY
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
COMPANIES
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
PORTS
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
MEETINGS
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Autorità di Regolazione dei Trasporti
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
COMPANIES
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
PORTS
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
PORTS
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
COMPANIES
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
PORTS
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
SHIPYARDS
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
SHIPPING
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
COMPANIES
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
PORTS
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
PORTS
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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