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21 November 2024 - Year XXVIII
Independent journal on economy and transport policy
11:35 GMT+1
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BRIEFS
February 28, 2022
Exim Indiaweb site
FEBRUARY 25, 2022
  • OOCL launches multi-modal (rail-sea) service from ICD Ludhiana to Bangladesh via Kolkata
  • East Coast Maritime Forum & Eastern Star Awards 2022 facilitates personal interaction, important discussion & deserving appreciation as the industry comes together under one roof
  • DGFT Helpdesk for Russia-Ukraine related International Trade Issues
  • Baltic Exchange Market Report (25 February 2022)
  • Leather, footwear exports seen crossing $6 bn in FY23
  • Textiles exports can rise to $100 bn in 5 years
  • Indian economy seen growing at quickest pace among large nations
  • Exporters wary of Ukraine crisis, delay Russia orders
  • Sonowal inaugurates Mobile Container Scanner at Visakhapatnam Port
  • DB Schenker & CMA CGM offer regular emission-free ocean freight

International Transport Journalweb site
  • Norway: rail carrier to trial e-reachstacker
  • Good news from Miami overshadowed by violence
  • Two more partners for Cargo Integrity Group
  • Covid-19 measures for rail extended
  • Torsten Wefers joins Liege Airport
  • Clarksons: "A special year for second-hand ships"
  • More and more timber being shipped by rail
  • Reshuffle at Grieshaber
  • Finnlines with a good year in its back
  • The 'Herald of Free Enterprise' disaster 35 years on
  • ACS breaks record again
  • Scania orders robots for battery assembly plant
  • More space in Poland
  • LNG first-timer in Jaxport
  • APM Terminals Yucatán picks Nathalie Rush
  • CEB transports over 50 million vaccine doses
  • "Curiosity of the Day"

The Loadstarweb site
FEBRUARY 25, 2022
  • Shippers prepare as Ukraine crisis prompts emergency fuel surcharges
  • Crew injured as commercial vessels hit by Russian missiles off Odessa
  • Transport and logistics firms need to be alert to the threat of cyber-attacks
  • Volga-Dnepr says 'business as usual', despite UK bans on Russian airlines
  • Russian Railways faces financial sanctions, but trains keep running
  • Turkey may benefit from European supply chain nervousness in China
  • CJ Logistics turns to Seoul court to evict HQ 'squatters' and resolve strike
  • Market Insight: 'Spot on' in an abnormal week
  • On the wires: Transhipment troubles for port operators as the boxes pile up

Marine Logweb site
FEBRUARY 25, 2022
  • Adm. Schultz reveals name of first Polar Security Cutter
    Admiral Karl Schultz, commandant, U.S. Coast Guard, delivered the annual State of the Coast Guard Address, Thursday, at Coast Guard Air Station Clearwater. "Truly, the state of the Coast Guard is stronger

Lloyd's Listweb site
FEBRUARY 25, 2022
  • Shipping shuns Russia risk as sanctions fuel rocketing rates
    Insurers are seeking legal clarity over Russian risk, but shipping businesses are deciding to steer clear of any exposure to...
  • Diana Shipping boosted by OceanPal spin-off
    The Greece-based owner posted higher-than-expected fourth-quarter profits. A $15m gain from spin-off of OceanPal contributed to results
  • Thessaloniki signs off on container terminal expansion
    A new expansion project for Greece's second-largest container hub will give Thessaloniki the ability to serve boxships of up to...
  • Bleak outlook for grain exports from Russia and Ukraine
    With ports largely shut and commercial vessels prevented from entering the Sea of Azov, exports will undoubtedly be impacted, and...
  • Facing both ways on Russian shipping sanctions
    The west absolutely should show solidarity with Ukraine. But such is our dependence on seaborne Russian energy and commodities that...
  • HHI to reopen Gunsan shipyard after spike in orders
    About 64% of global orders for eco-friendly vessels were won in 2021 by South Korean shipbuilders, but the country's president...
  • Container lines reroute Black Sea services as crisis worsens
    The Black Sea is a minor trade for container shipping. But the wider implications of the Russian invasion cast longer...
  • Ships hit by missiles as Ukraine forces defend Odessa and Mariupol
    Fighting continues between Russia and Ukraine at the Black Sea ports of Mariupol and Odessa as the International Maritime Organization...
  • Maritime plots a course to digital connectivity
    Digitalisation is seen as having coalesced around the challenge of decarbonisation and that is accelerating the pace of innovation
  • CIMC plans to spin off intermodal logistics unit
    Move is expected to help the subsidiary enhance its competitiveness and raise funds directly from the capital markets
  • Daily Briefing
    Shipping scrambles to react to 'nightmare scenario' | Sea of Asov closed to shipping as Russia invades Ukraine | Turkish...
  • Shipping ignoring short-term environmental wins
    The Maersk Tankers spin-off has grown since July 2020 from 38 employees to 100, acquired two companies, signed several strategic...

The Journal of Commerceweb site
FEBRUARY 25, 2022
  • Trans-Pacific carriers unable to escape poor schedule performance
  • DOJ to lend FMC antitrust expertise amid enhanced collaboration
  • UP to levy surcharges on West Coast next month
  • Los Angeles pilot expanding 'peel-off' program to smaller importers
  • Changing ship calls along US Southeast roil exporters
  • Long Beach's Pier B rail yard a 'new Maginot Line': analyst
  • Major shippers urge FMC to consider national freight portal
  • Service reliability woes deepen for Indian shippers

TradeWindsweb site
FEBRUARY 25, 2022
  • Shipping stocks rise amid swathe of sanctions against Russia
  • Fears over cyber security threat abound as Ukraine invasion intensifies
  • St Kitts and Nevis denies bribery allegations and drops blacklisted ship
  • Ukraine-Russia conflict keeps crude tanker spot rates rallying
  • Diana Shipping doubles shareholder payout amid return to profit
  • Sovcomflot hoists business as usual sign in face of US sanctions against Russia
  • Lines facing cyber-attacks and higher fuel costs from Ukraine crisis
  • Bulker rates slide as attacks shatter confidence and shippers declare force majeure
  • World's first international shipment of liquified hydrogen arrives in Japan
  • Turkey set to reject Ukraine's call to close Bosphorus to Russia
  • Nordic American Tankers cuts losses in half, pitches tanker recovery
  • Hagland Shipping adds to new hybrid bulker series at Royal Bodewes
  • Navigator fails to buy back a single bond in $21m Oslo tender
  • Another two ships hit by shells in the Black Sea as Ukraine conflict intensifies
  • Hoegh Autoliners banks profit from more old ship sales
  • GasLog fixes out three of four LNG newbuildings at DSME
  • Oldendorff adds to kamsarmax contracts at Jiangsu New Hantong
  • Teekay Tankers watchful as Ukraine crisis set to change trade patterns
  • VLCC rates continue to rise as Unipec pays up for duo into China
  • 'In shock': Danica looking after Ukrainian seafarers stranded in Turkey and Poland
  • American Shipping keeps dividend at it looks to fix tankers canned by OSG
  • Okeanis fixes new $145m VLCC financing as sales profit comes in handy
  • War imperils Russian-linked South Korean newbuildings
  • 'Shipping will be in crosshairs' as West targets Russia's economy
  • More sales tipped as Teekay ships out older aframaxes and a suezmax
  • Hyundai Heavy poised to revitalise Gunsan yard to tap global newbuilding boom
  • 'Macro view': Genco's Wobensmith backs dry bulk upturn despite Ukraine fallout
  • William Mulder, founder of Dutch ship supplier Scama, dies aged 84
  • Bureau Veritas straps in as Macron accelerates France's carbon drive
  • Lauritzen Bulkers eyes fleet expansion with handysize purchase options
  • How 'perfect timing' helped turn around Germany's 'bad bank'

American Shipperweb site
FEBRUARY 25, 2022
  • Port of Savannah plans to boost container capacity by 60%
    Georgia Ports Authority outlined projects that would take container capacity to 9.5 million TEUs by 2025.
  • Bargaining over West Coast ports labor pact puts retailers on edge
    The port chaos cocktail: Mix 12 months of container bottlenecks with contentious contract talks for dockworkers.

The Bunker Bulletinweb site
FEBRUARY 25, 2022
  • SOUTH KOREA DATA: Jan oil products demand up 15.4% on year at 2.82 million b/d
    South Korea's oil products demand in January rose 15.4% from a year earlier, driven by robust economic recovery and manufacturing activity, though consumer transportation fuel demand was seen fragile amid surging retail fuel prices, market participants said Feb. 25.
  • SINGAPORE DATA: Middle distillate stocks fall to six-week low
    Singapore's commercial middle distillate stockpiles fell 1.42% week on week to 7.36 million barrels on Feb. 23, Enterprise Singapore data released late Feb. 24 showed.
  • Bunker players in Asia, Middle East assess Russia-Ukraine crisis as conflict escalates
    Bunker players and shipping-related sources in Asia and the Middle East are keeping a close eye on developments related to the Russia-Ukraine crisis, with many preparing for higher marine fuel prices amid tightening supply and firm demand, but direct impacts from the conflict are expected to be minimal for now.
  • European, Med bunker fuel prices soar after Russia invades Ukraine
    Marine gasoil and very low sulfur fuel oil prices at ports in Europe and the Mediterranean recorded their biggest ever one-day rise Feb. 24 following Russia's invasion of Ukraine.
  • European feedstock traders await clarity on sanctions' impact on Russian product flows
    European feedstock and fuel oil markets were reflecting a "wait-and-see" approach to determine the impact of sanctions oil product flows out of Russia, traders said.
  • Traders steer clear of Russian crude amid sanctions response
    Oil traders warn it is becoming very difficult to trade Russian crude as the international response to the invasion of Ukraine ripples through commodities trading.
  • OIL FUTURES: Crude settles lower amid lack of sanctions on Russian energy flows
    Crude prices settled lower Feb. 25 as concerns of near-term supply disruptions eased amid a lack of Western sanctions against the Russian energy sector.
  • Bunkering in Ukraine halted, operations moved elsewhere: sources
    Suppliers halted bunker operations at all Ukrainian ports, transferring operations to the Bosporus and outside border locations, bunker sources said Feb. 25.
  • US sanctions on Russia carve out room for energy to breathe, keep oil prices in check for now
    The US has no plans to intentionally disrupt energy flows from Russia as the risks to the fragile economic recovery and global oil markets remain too steep, a White House official said.
  • Oil and products markets weigh Ukraine conflict impact
    "This is a commodity bubble like we've never seen before," S&P Global Platts Analytics said in a research note Feb. 24, noting that oil demand may only grow 1.9 million b/d in 2022 should there be a deep and broad incursion compared to 3.4 million b/d under a limited incursion scenario.
  • TOAZ suspends ammonia transit following Yuzhny port closure
    TOAZ exports the bulk of ammonia to Morocco and Turkey through the Black Sea port of Yuzhny, which closed along with associated pipelines Feb. 24 following Russia's invasion of Ukraine.
  • Moldovan flagged chemical tanker hit by missile in Black Sea
    The agency said the source of the missile was unknown but it comes amid heightened concern amongst shipping operators around the security of vessels operating in the area after Russia invaded Ukraine on Feb. 24. The Kremlin has suspended shipping in the Sea of Azov until further notice.
  • OIL FUTURES: Crude hovers below $100/b amid lack of energy sanctions
    Crude futures settled below the $100/b mark on Feb. 24, having hit an intraday high of $105.79/b, the highest level since August 2014, after US President Joe Biden said there are currently no plans to target Russia's energy complex with sanctions.
  • RUSSIA DATA: Jan refining throughput rises 10.1% on year to 24.997 mil mt
    The year-on-year increase in throughput was due to run cuts in early 2021.
  • ARA fuel oil stocks drop 1.89% on week to 987,000 mt: Insights Global
    The is the third week in a row stocks have dropped.
  • BUNKERWORLD INDEX: Prices jump on Ukrainian invasion
    *Bunker prices jump following Russian invasion of Ukraine *ICE Brent futures trade above $105/b *Demand subdued as markets react to crisis
  • EUROPEAN VGO: Seven vessels load in week to Feb. 25
    Most imported feedstocks in Europe and the US originate from Russia, with a majority coming from Black Sea ports. Therefore, operational delays or closures in those ports can have an impact on feedstock supplies.
  • Black Sea and Azov shipping and ports hit by Ukraine conflict
    Russia's invasion of Ukraine Feb. 24 has resulted in disruption to shipping in the Black Sea and several ports in the region, which is particularly vital to global supply of raw materials, grains and fertilizer.
  • ENEOS' high sulfur bunker supply at Kiire falls on strong demand from utilities
    The company had been supplying about 10,000-20,000 mt/month of high sulfur bunker fuel at Kiire, while the volume almost disappeared due to tight availability of high sulfur bunker fuel, bunker traders said.
  • Russia-Ukraine conflict prompts uncertainty on Americas tanker markets
    Since the level of sanctions that is going to be placed on Russia from Western powers is unclear so far, Mackay said it was too early to tell how ton miles and trade patterns could change and whether and to what extent energy infrastructure might be impacted.
  • US residual fuel, bunker markets jump as Russia invades Ukraine
    While some markets came off from highs earlier in the day as crude prices fell at the close, retail bunker prices held firm on supply uncertainties.
  • US to sanction top Russian banks but not energy flows or SWIFT access
    Blocking energy flows and banning Russia from the international financial messaging service SWIFT - two potential responses to Russia's military invasion of Ukraine - remain on the table but were not pursued in the latest sanctions package from the US.
  • SINGAPORE DATA: Residue stocks fall 11% as fuel oil imports fall, exports rise
    Fuel oil imports into Singapore fell across the board, with no imports recorded over the week from the Americas, Russia and Africa.
  • EU sanctions to hit Russia's oil refineries: European Commission
    The European Union has approved a preliminary package of sanctions against Russia that will target the country's oil refining and transport sectors, European Commission President Ursula von der Leyen said Feb. 25.
  • Odessa bunker operations normal amid Ukraine-Russia conflict: sources
    Bunker demand is expected to rise in nearby Skagen, Georgian and Turkish ports.
  • Fujairah sees 12th licensed bunker supplier amid strong delivered market
    There are currently 11 licensed bunker suppliers providing compliant fuels, according to the Port of Fujairah website Feb. 25, while the list has yet to include Global Energy.
  • HSFO Singapore-Fujairah bunker spread widens to over four-month high
    The spread was last assessed higher $4/mt Oct. 20, 2021, the data showed.
  • INDIA DATA: Jan gasoil exports fall 15.8% on month amid stock building
    Exports were up 10.76% year on year, the data showed, reflecting the overall recovery in demand from importing regions as several countries ease pandemic restrictions.

›››File
FROM THE HOME PAGE
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.
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
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
Signed the final agreement on the contract of port workers
Rome
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
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
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
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
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
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.
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
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
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.
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
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%
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%
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
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
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.
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
Danaos reports a new drop in quarterly revenue generated by fleet of container carriers
Athens
Coustas : With the Trump administration, which has promised new duties, a future reduction in container traffic is possible
In the first ten months of 2024, the traffic of goods in Russian ports decreased by -3.2%
St. Petersburg
The dry goods amounted to 370.8 million tonnes (-3.5%), those liquids at 372.2 million tonnes (-2.9%)
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
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.
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
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"
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
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
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
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
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
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
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%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
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.
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.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
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
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
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
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
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
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
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
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
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
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
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
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
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
The French state has acquired 80% percent of the capital of Alcatel Submarine Networks
Calais
The company has a fleet of seven posacavi vessels
Eurizon Capital (Intesa Sanpaolo Group) has acquired a majority stake in Germany-based
Milan
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