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March 1, 2023

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Exim India web site
MARCH 1, 2023
  • Global Logistics Solutions launches feeder service linking Chennai & Pondicherry ports
  • Port of Antwerp-Bruges strengthens relations with India
  • Long-term ocean container freight rates stable in Feb.
  • Adani Agri Logistics incorporates wholly owned subsidiary PU Agri Logistics
  • ACAAI SRC hosts 'Airlines Night'
  • Cathay Cargo rebrands
  • SMP Kolkata adjudged Major Port of the Year (Containerised Cargo)
  • IMU & IIT-M ink MoU
  • Utilisation drives rates down - except Atlantic
  • AD Ports Group showcases future-proof innovation that reimagines trade
  • Digital FBL, the new generation FIATA Bill of Lading, to be launched in South Africa
  • Prof. Max Mejia to take over as new President of World Maritime University in June
  • Methanex & MOL complete first-ever net-zero voyage fuelled by bio-methanol
  • Non-petroleum exports to UAE up

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International Transport Journal web site
MARCH 1, 2023
  • A titan in the air
  • TFR and CFM to launch borderless train service
  • Boosting business in Barcelona
  • Office in Kazakhstan opened
  • MGI's new challenge for ports of the future
  • Sasha Goodman wins AfA award
  • Cathay Pacific Cargo rebrands as Cathay Cargo
  • New keel-laying ceremony at FSG
  • European network grows by 60%
  • Investing in core business and global operations
  • Champ Cargosystems now EU-ICS2 compliant
  • Ports of Indiana promotes Jody Peacock
  • 460 hp more for truck fleet
  • Regional warehouse added to logistics network
  • Port of Bilbao grows above the Spanish average
  • Thomas Reutter joins VNL's advisory board
  • Third month of the year, three old "Combi" jumbos
  • "Curiosity of the Day"

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The Loadstar web site
FEBRUARY 28, 2023
  • TPM23: it's 12 months on, and the tables have turned
  • Great Scott! A cold wind blows through Australia's logistics industry
  • Fiata urges carriers to lower D&D charges as lobbying begins at TPM23
  • Slower air cargo market reflected in demand for freighter conversions
  • Rumours mount over Rhenus takeover of Logwin 'network' business
  • Safetrans latest to join booming China-Russia box tradelane
  • Globalisation is over - 'slowbalisation' is the new reality
  • Straight from the horse's mouth - how to trade excess capacity
  • Capacity crunch mark two a possibility, says MSC chief Toft

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Marine Log web site
FEBRUARY 28, 2023
  • Vigor completes USS Chosin modernization
    Vigor has successfully completed a three-year modernization project on USS Chosin (CG 65) at its Harbor Island, Seattle, shipyard, sending the Ticonderoga-class guided-missile cruiser back to its homeport of Naval Station Everett.
  • VIDEO: Methanex and MOL complete bio-methanol fueled net-zero transatlantic voyage
    Vancouver, B.C., based Methanex Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) report that the dual-fuel vessel Cajun Sun has successfully completed the first-ever net-zero voyage fueled by bio-methanol. The Cajun Sun, operated
  • Australia slaps 90-day port entry ban on MSC box ship
    In its most recent port entry ban, the Australian Maritime Safety Authority (AMSA) yesterday issued a refusal of access direction notice banning the Liberian-flagged containership MSC Kymea II from Australian ports for
  • Tidewater CEO: Offshore services recovery is here
    "As we look forward into 2023, we are confident that not only is the recovery here, but that the demand for offshore vessels will continue to strengthen throughout this year," said Quintin
  • HyZet tug design team hosts TTB panel next week
    Wrapping up Day 1 of Tugs, Towboats & Barges (TTB) 2023 on March 7 is a panel discussion with the members of the HyZet tug design team. Panelists include experts from Crowley

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Container News web site
FEBRUARY 28, 2023
  • CMA CGM announces updated rates from Indian Subcontinent, Middle East Gulf, Red Sea and Egypt to USEC and US Gulf
    French ocean carrier CMA CGM has announced updated freight rates from India, Pakistan, Sri Lanka, Middle East Gulf, the Red Sea and Egypt to the United States East Coast and the United States Gulf. According to the "rate restoration initiative", as CMA CGM has described it, from 24 March 2023, there will be the following update for all types of cargo: Quantum per 20': US$500 Quantum per 40': US$6
  • Maersk Supply Service extends long-term contract in Taiwan with Seaway7
    The cable lay vessel (CLV) Maersk Connector has been engaged to continue operations on behalf of Seaway7 until 31 December 2025. This comes after a successful first year of working on Seaway7 projects in Taiwan and the United Kingdom. According to Maersk Supply Service, in October 2021, the vessel began cable-laying supply for Seaway7, starting operating in the North Sea at the Seagreen Offshore
  • Argentinean taxation on waterways increases demand by port of Paranaguá
    The Argentinean waterway toll for ships on the Paraguay-Paraná Waterway between Confluencia Santa Fe and Paso Queso became effective in January 2023. The Argentine Ministry of Transportation authorised the US$1.47 charge per ton carried on the 1,180-km length of the canal in Resolution No. 1023/2022. The charge is intended to be used for dredging and signalling projects. According to the statemen
  • DACHSER strengthens its logistics centre in Bremen
    DACHSER has spent over US$8.5 million to expand the handling area of its logistics centre in Bremen, Germany to prepare the facility for potential growth in the future. The floor space is now around 3,300 m² and the extension building for the European Logistics business line now offers more space for handling industrial and consumer goods, according to the company. The additional floor space on Se
  • Thailand plans multi-billion-dollar infrastructure investment to boost economy
    Thailand is to invest around US$15 billion in transport infrastructure, including upgrades to its key container port, Laem Chabang, in order to boost economic growth. The Prime Minister's office said, "The Thai government is currently promoting several large-scale water transport projects, including an industrial port development project in the Eastern Economic Corridor (EEC) district." It is hop
  • ONE adds new service connecting UAE with Bahrain and Kuwait
    Ocean Network Express (ONE) announced the launch of a new service, connecting the United Arab Emirates (UAE) with Bahrain and Kuwait. With this new Upper Gulf Service (UGS), ONE aims to provide a faster, more efficient, and more stable connection from the transshipment hub of Jebel Ali in UAE to the two aforementioned countries. The port rotation of the new service will be as follows: Loop-A: Jeb
  • Asian liner SeaLead opens more India-centric connections amid growth expectations
    Niche Asian carrier SeaLead Shipping is consolidating its Indian network, driven by sustained trade growth expectations. The Singapore-based liner is set to commence an independent direct container service between Australia and India. The routing, known as ASIA, will have stops at Melbourne, Sydney, Brisbane, Port Kelang (West Port), Karachi, Mundra, Nhava Sheva, and Port Kelang (West Port). The
  • Seastock24 review: The Importance of Security in Trading Platforms
    As a way to invest in the stock market and other financial needs, internet trading has grown more prevalent in today's hyper-digital environment. The simplicity of use and accessibility offered by internet trading has enticed many traders, both novices and seasoned professionals. The online trading platform Seastock24 is a market leader and provides customers access to a comprehensive selection o
  • FCFmarkets.com review: FCFmarkets Trading Platforms and How It Work
    Regarding online trading platforms, FCFmarkets is at the top of the heap, giving investors access to the global financial markets. Whether you're a seasoned pro or just getting your feet wet, FCFmarkets has the trading tools and features you need to thrive in today's fast-paced online trading environment. This piece will explain what FCFmarkets is and how it works. Internet-Based Exchanges - FCFm
  • Economypair.com review: 5 Tips For Choosing a Trading Platform in 2023
    Users of a trustworthy trading platform, such as EconomyPair , should have access to timely and friendly assistance by email, phone, or live chat. When searching for a platform to use for trading online, it is a good idea to seek one that offers educational resources, such as tutorials and webinars, to assist you in gaining a better understanding of the trading process. Investing and building mon
  • WEC Lines upgrades Liverpool services
    Dutch shipping firm WEC Lines has expanded its existing service into the Port of Liverpool with a new series of weekly calls into the port from Northern Spain, Portugal, North Africa and the Canary Islands. The weekly services are in addition to the existing Portuguese and Spanish routes operating at the British port since 2019. The new direct weekly services began this month from Bilbao, Vigo, a
  • Health and safety in the workplace as the world warms up
    In the height of summer, unforeseen issues can crop up in the workplace. From feeling hot and bothered in the office to more severe issues like dehydration or heat exhaustion, it's important to make sure that your employees have all the facilities they need to work comfortably during the summer. It's just as important for workers to take the initiative to look after themselves too. Here are a few
  • Safety considerations when working on remote construction sites
    Remote work is something the world has grown more accustomed to in the wake of the pandemic but for construction workers, remote construction sites (sometimes in the middle of nowhere) have always been a part of the job. On these sites, where workers might not be familiar with their surroundings, safety is vital. The construction sector is one of the most dangerous in the world so all considerati
  • Maersk relaunches Oceania service
    Maersk announced the restart of its Polaris service to assist to minimise customer impact from the current operational disruption in New Zealand. Starting with the 1,762 TEU boxship Trieste Trader, which is expected to call Port Nelson in New Zealand on 19 March, the dedicated service between Australia and New Zealand will be reintroduced aiming to improve cargo connections within Oceania. The po
  • Australia bans fifth MSC vessel in 2023
    The Australian Maritime Safety Authority (AMSA) issued a refusal of access direction notice the Liberian-flagged container ship MSC Kymea II from Australian ports for 90 days. In particular, AMSA issued the notice following months of sub-standard performance from the ship's operator, MSC Shipmanagement Ltd, including critical maintenance issues. Moreover, AMSA has detained nine MSC ships over the
  • APM Terminals Algeciras sets new productivity record
    APM Terminals Algeciras completed operations on the vessel Mayview Maersk with a Productive Moves Per Hour (PMPH) of 201.63, breaking the terminal's previous record of 200 PMPH. This record was achieved by eight operating ship-to-shore (STS) cranes and during a port stay of 14.51 hours, compared to the target of 18.52. "We are extremely proud to be joining the «200 PMPH club» and by doing so, wri
  • Mawani and Jeddah Chamber sign US$270 million deal for new logistics park
    The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry signed an agreement to set up an integrated logistics park at Al Khumrah in the south of Jeddah, Saudi Arabia. The park is expected to create over 10,000 direct and indirect job opportunities in the logistics sector while strengthening Jeddah Islamic Port's pivotal position as a major maritime hub delivering top-tier s
  • CMA CGM revises West Africa network
    CMA CGM announced a reshuffle of its West Africa services, according to which EURAF 3 service will be discontinued, WAZZAN will deploy a full fleet of 1,700 TEU nominal capacity, and a dedicated Central Range Feeder will serve Monrovia (Liberia), San Pedro (Ivory Coast), and Takoradi (Ghana) through Abidjan (Ivory Coast) on a weekly basis. Meanwhile, the new weekly North Range Feeder will offer B

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Splash web site
FEBRUARY 28, 2023
  • Golar LNG sells out of CoolCo
    Tor Olav Trøim's Golar LNG has sold just under 4.5m shares in spin-off Cool Company (CoolCo) for around $56m and now has only one share left in the LNG shipowner. Golar LNG started its exit from CoolCo last year by selling 8m shares in November, raising net proceeds of $98m. In a filing to the ...
  • Maersk Supply Service seals cable layer contract extension with Seaway 7
    Danish offshore contractor and shipowner Maersk Supply Service has secured a long-term charter extension with Subsea 7's Oslo-listed offshore wind specialist Seaway 7 for the cable laying vessel . The 2016-built vessel has been engaged to continue operations on behalf of Seaway 7 until the end of December 2025, following successful campaigns in Taiwan and ...
  • AET teams with Petronas trading arm for green ammonia-fuelled aframax tanker
    AET, the tanker arm of Malaysia's top shipping line MISC, has hooked up with Petronas' Petco Trading Labuan Company Ltd (PTLCL) to explore the potential deployment of a zero-emission aframax tanker that will be capable of running on green ammonia. The two companies have signed a memorandum of understanding, which is said to represent another ...
  • Boskalis clinches Moray West contract
    Dutch marine services provider Boskalis has secured an up to €150m ($159m) contract for Scotland's 882 MW Moray West offshore wind farm. The deal covers "a large number of the activities" in the coming 12 months. The company has already carried out an offshore geophysical site survey that also included a survey for the identification ...
  • Imabari debuts low-carbon steel plate
    Shipbuilding is entering a new green phase with Japan's top yard debuting a low-carbon steel plate it will use in the construction of a 180,000 dwt capesize. Imabari Shipbuilding announced yesterday that Kobe Steel has started selling a low-carbon steel which it will use for a cape due for delivery next year to an unspecified ...
  • Yinson Production lands $5.3bn FPSO deal in Angola
    Singapore-based Yinson Production, part of the Malaysian Yinson Group, has sealed a $5.3bn contract with Azule Energy for the provision, operation and maintenance of a floating, production, storage and offloading asset for the Agogo Integrated West Hub development offshore Angola. The contract with the BP and Eni joint venture has a firm period of 15 ...
  • Hapag-Lloyd taps Shell for LNG supplies
    Shell and German carrier Hapag-Lloyd have signed a multi-year agreement for the supply of liquefied natural gas (LNG) to a series of 23,500 teu container vessels under construction. Bunkering for these 12 new vessels is expected to commence during the second half of 2023 and LNG will be supplied in the Port of Rotterdam. The ...
  • New capacity enters 'thriving' Russian container sector
    While much has been written about how oil, gas, coal and grain trades have changed in the year since Russia invaded Ukraine, there has been little spotlight on the container sector. Within weeks of the first shots being fired in eastern Europe most global liners announced they were pulling out of the Russian market, with ...
  • Five MSC ships detained in Australia in first two months of 2023
    The Australian Maritime Safety Authority (AMSA) has issued a refusal of access direction notice the Liberian-flagged 1,732 teu containership from Australian ports for 90 days. AMSA issued the notice following months of "sub-standard performance" from the ship's operator, MSC Shipmanagement (MSC), including critical maintenance issues. AMSA has detained nine MSC ships over the past two ...
  • Net-zero voyage across the Atlantic completed using bio-methanol
    Methanex Corporation and Mitsui OSK Lines (MOL) have completed the first-ever net-zero voyage fuelled by bio-methanol. The Cajun Sun, operated by Methanex's subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar in the US on January 17 and arrived in Antwerp, Belgium on February 4. By blending ISCC-certified bio-methanol that has negative carbon intensity ...
  • Belships moves for Japanese ultramax resales
    Oslo-listed Belships has pounced for three ultramax resales lined up at Japanese yards, which will take its fleet to 34 ships. The 64,000 dwt trio are scheduled for delivery in Q4 2024, Q4 2025 and Q1 2026. The vessels are fully financed through time charter lease agreements, each for a period of seven up to ...
  • Hornbeck Offshore to acquire six OSVs from Edison Chouest
    Louisiana-based Hornbeck Offshore Services has entered into a definitive vessel purchase agreement with Nautical Solutions, an affiliate of Edison Chouest Offshore, to acquire six high-spec new-generation offshore supply vessels for an undisclosed amount of cash. Each of the vessels will be US-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of approximately 4,750 DWT. Based ...
  • Industrial improvement in China amid global recession
    Jeffrey Landsberg from Commodore Research has good news from China for dry bulk owners. As we have been stressing in our weekly dry bulk reports, China has finally seen its steel output and thermal coal burn revert back to experiencing year-on-year growth. Previously, steel output and thermal coal burn had each not experienced year-on-year growth ...

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Lloyd's List web site
FEBRUARY 28, 2023
  • CMA CGM seeks to repair customer relationships
    Container lines bore the brunt of complaints during the pandemic. While much of that was unjustified, they now need to...
  • Hapag-Lloyd agrees LNG supply deal with Shell for 12 new vessels
    Multi-year agreement signed with Shell Western LNG for supply of liquefied natural gas to Hapag-Lloyd's new series of 23,500 teu...
  • Frontline chief says Euronav deal 'firmly off the table' - for now
    'There could be a scenario in the future when discussions come up again,' says chief executive Lars Barstad, but for...
  • VLCC market softens as China's demand for US crude stays flat
    Static demand has driven down time charter equivalent rates on the US Gulf to China trades to $45,000 per day...
  • Cyprus president names new shipping deputy minister
    Ms Hadjimanolis will be one of six women in new cabinet sworn in on March 1
  • Hafnia expects a very strong product tanker market
    Company says the addition of 36 secondhand tankers during the past year helped it to take full advantage of the...
  • Yangzijiang Shipbuilding outlook seen as 'positive', backed up by order wins
    The Singapore-listed Chinese shipbuilder is considered by observers to be able to achieve a $3bn order-winning target set for this...
  • Russian diesel trading $25 below price cap
    European buyers will have to pay a wide premium for non-Russian diesel on the back of longer voyages and changing...
  • Frontline's best quarter since 2008 hints at 'things to come'
    Fourth quarter 'may have given us a preview of the years to come in the tanker market', says chief executive...
  • Boxship charter rates flatline
    A South Korean liner operator has concluded the first charter deal for a post-panamax boxship in four months
  • Regulatory delay is holding back vital seafarer training
    New training courses are expensive to develop and take many years to introduce, a factor to be considered given the...
  • Global trade impacted by slowing growth, but 'deep' downturn not likely
    Global trade is being helped by decongestion of supply chains but impaired by slowing growth, according to Dr Nariman Behravesh
  • Lines urged to do more to remove capacity
    Capacity is far outstripping demand and is set to become worse. Carriers need to take more effective steps to reduce...
  • MSC chief targets redelivery of up to 60 chartered ships
    While capacity will increase by about 7%-10% in the next few years, CII will absorb about the same amount, says...
  • Daily Briefing
    Insurance details on sanctioned Russian tankers remain unclear | Euronav campaign urges shareholders to vote against CMB | Bangladeshi ship...
  • Australia bans poorly maintained MSC boxship for 90 days
    Out of the nine MSC ships detained by AMSA over the past two years, five were seized in 2023, with...
  • MOL completes first net zero voyage fuelled by bio-methanol
    Methanex, Waterfront Shipping and MOL, together with other key partners, jointly built the world's first ocean-going methanol dual-fuel tanker Taranaki...
  • Sembcorp Marine narrows net loss by 78%
    Renewable wind energy and other cleaner and greener solutions account for 37% of the group's net orderbook
  • Great power rivalries threaten to slow globalisation
    After a long period of 'benign globalisation', the world is trending towards 'slowbalisation'. A total decoupling from China is impossible...

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The Journal of Commerce web site
FEBRUARY 28, 2023
  • TPM23: Post-COVID China sourcing shift 'definitely on': CMA CGM
    While the supply chain has mostly healed from COVID-19, the pandemic revealed the risk of relying too much on China for product sourcing, CMA CGM's new US president told TPM23.
  • TPM23: Sustainability should be collective, not competitive: ONE's Nixon
    The container shipping industry needs to collaborate in finding alternatives to fossil fuels rather than each player following their own path, ONE CEO Jeremy Nixon told TPM23.
  • TPM23: Flexport's new CEO puts focus on building 'next-generation' tech
    Flexport, the polarizing digital forwarder, will double down on technology development during a lull in global trade, new CEO Dave Clark said at TPM23.
  • SC Ports turns to TRAC, Flexi-Van to help launch chassis pool
    The South Carolina Ports Authority will be able to launch its proprietary chassis pool as scheduled in March thanks to a last-minute agreement to secure 5,000 chassis from two major equipment providers.
  • TPM23: MSC putting ocean shipping first after ending 2M Alliance: Toft
    MSC's chief executive told TPM23 that the company's hefty orderbook signals to customers that the carrier remains chiefly committed to ocean shipping, rather than selling an integrated supply chain service.

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TradeWinds web site
FEBRUARY 28, 2023
  • How will Tidewater spend $900m? 'I'm not interested in adding vessels'
    Consolidation may not be on the table, but dividends and buybacks likely are off the table as offshore vessel owner decides what to do with its
  • Dry futures market comes back from the abyss for 'monster' rally
    But the spot market still needs to catch up and there has been little news to bolster sentiment, market watchers say
  • Tidewater expects revenue to skyrocket in 2023 as fundamentals improve
    Offshore vessel giant expects to bring in $900m come year's end
  • New Fortress Energy targeting first FLNG production in July
    Company hints at move into modular power units
  • Norwegian Cruise Line expects full occupancy in 2023 while losses continue
    New York-listed cruise ship owner plans to offer trips on three new ships this year
  • Offshore acquisition financing costs drag American Shipping Co profits
    Oslo-listed company's bottom line falls slightly after taking on offshore construction vessel
  • Never say never: Frontline's Barstad not ruling out Euronav deal in future
    But CEO says combination is firmly off the table for now amid arbitration
  • Golar LNG bags 2025-delivery yard slot for next-up FLNG conversion job
    Market rife with speculation as to which secondhand Moss LNG carrier company is buying
  • Colleagues 'shattered' as well-loved broker and family man Chris Vasilas dies at 63
    Representing European Product Carriers in the US for more than three decades, shipping professional is remembered as a friend to colleagues and for business acumen
  • New VLCCs a nuisance for clean tankers but small orderbook limits impact, BRS says
    Big tankers lifting product cargoes is now back in vogue, according to broker
  • Spend your billions wisely - AlixPartners warns liner sector
    Operators are sitting on $42bn in cash and enjoy a wide range of strategic options
  • Hapag-Lloyd signs up with Shell to fuel giant newbuilds with LNG
    Energy major will supply 23,500-teu container ships in Rotterdam
  • International Seaways reports best-ever earnings as rates climb
    Tanker owner says China and Russia impacts set to continue earnings momentum
  • Probe begins as two seafarers found dead on Greek bulker
    Discovery was made on kamsarmax Caravos Harmony off Brazil
  • Excelerate Energy buys first LNG volumes in deal with US producer
    Regasification specialist unveils sales and purchase agreement with fast-growing Venture Global LNG
  • Golar LNG raises $572m by cashing in CoolCo and New Fortress stocks
    Company poised to pay $78m to buy Moss-type LNG carrier for conversion into FLNG unit
  • Golar raises $572m by cashing in CoolCo and New Fortress stocks
    Company poised to pay $78m to buy Moss-type LNG carrier for conversion into FLNG unit
  • Japan's NS United and Iino Lines appoint new presidents
    Changing of the guard at Japanese giants
  • Regional Container Lines boosts bottom line with five vessel sales
    Thai operators warns of higher costs as rates return to pre-Covid levels
  • 'Massive' uptick in VLCC trade from US to China in March, say Kpler
    Fixtures indicate opportunistic trades by China buyers as world's largest importer emerges from Covid shadow
  • Euronav's De Stoop says Saverys family may regret its decision to take CMB private
    Tanker executive says major shareholder's diversification strategy is not suitable for a listed company
  • CoolCo eyes 10-year-plus deals on its LNG newbuilding options
    Company talks charter opportunities for next open tri-fuel diesel-electric LNG carriers
  • Continental disputes claims made by Euroseas over cancelled charter
    Singapore liner company says it was compelled to cancel after container ship went into dry dock and never came out
  • Frontline says asset values stronger than earnings as it confirms tanker sales
    Oslo-listed shipowner using disposal cash to pay off debt
  • Petrovietnam gives its only VLGC the heave-ho onto ship recyclers
    The Viet Gas 68 along with a bulker and three old reefers were the only vessels reported sold for scrap over the past week
  • VLCC shock: rates heading for boom-and-bust cycle - and it's bust first
    Boom could be some way off as tonnage imbalance threatens recovery, BRS says
  • BW LPG sells veteran as it adds nine ships to pool in deals with Exmar and Vitol
    Singapore owner also declares purchase options for two more modern leased vessels
  • Atlas cashes in on yet another pair of aframax newbuildings
    Greek company is believed to be repeating juicy asset play, in a second deal with Libya's GNMTC
  • Bimco: Tanker market set for 15-year high with China rebound
    Environmental changes, Russia-related trade reshuffle and the return of China are seen as factors in the revival
  • Continental disputes claims made by Euroseas over cancelled container ship charter
    Singapore-based liner company says it was compelled to cancel after vessel went into drydock and never came out
  • Australia bans 'substandard' MSC container ship for 90 days
    Inspectors identified critical maintenance issues
  • Singapore's High Court to auction disabled Chinese livestock carrier
    Both of Soar Harmony Shipping's cattle transporters are now in the process of judicial sales
  • Belships back in Japan for more ultramax bulker tonnage
    Norwegian shipowner says it has been able to increase its fleet without investing any cash
  • MPC Container Ships waves goodbye to record returns
    Oslo-listed company expects earnings to dip this year by nearly 20%
  • Fleet acquisitions paying off for tanker giant Hafnia in record year
    Vessels added from Chemical Tankers Inc and Scorpio Tankers boosted earnings by more than $190m in 2022
  • CoolCo expects to bag long-term charters for two planned LNG newbuilding buys
    CEO says the recent sale of a 10-year-old ship from the company's fleet highlights repricing of the LNG carrier market
  • Avance Gas 'optimistic' as VLGCs enjoy best markets for seven years
    Potential oversupply of ships due to newbuildings may only be temporary, Norwegian owner believes
  • New Cyprus president entrusts shipping to close aide Glykis-Hadjimanolis
    Limassol lawyer will have a delicate task in steering Cyprus shipping in rough international waters
  • Imabari Shipbuilding to use low-carbon steel to build capesize bulker
    Steel will be supplied by Kobelco in first for shipping
  • Frontline says assets values stronger than earnings as it confirms tanker sales
    Oslo-listed owner using disposal cash to pay off debt
  • 'A taste of things to come': Frontline posts strongest profit since 2008
    Boss Lars Barstad bullish as aframax/LR ships climb further from all-time highs and suezmax rates soar
  • European LNG rise will not cover Russian pipeline gas cuts in 2023
    Data analyst Kpler says 2023 could prove to be a 'year of two halves' as competition hots up for Asia cargoes
  • Samudera Shipping to pay out bumper dividend as profit soars
    Indonesian shipowner makes the most of demand for shipping services outpacing supply, but warns of softer markets ahead
  • Petrovietnam gives its only VLGC the heave-ho onto recyclers
    Viet Gas 68, along with a bulker and three old reefers were the only ships reported sold for scrap over the past week
  • Belships back in Japan for more ultramax tonnage
    Norwegian shipowner says it has been able to increase its fleet without investing any cash
  • Inside Chellaram Shipping's 45th anniversary party in Singapore
    Bulk carrier owner tells TradeWinds decarbonisation is its main priority as it actively examines all options under development
  • Ridgebury tied to tanker sale at nearly double the price paid in 2020
    Chief executive says tanker 'not sold' despite reports and secondhand suezmaxes continue to fly off the shelves

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American Shipper web site
FEBRUARY 28, 2023
  • Exporters raise concerns about ocean carrier market power
    Despite lower demand for transportation, repealing the ocean carriers' antitrust immunity is still in play on Capitol Hill.
  • Cargo airline Amerijet pulls plug on freight forwarding unit
    Freighter operator Amerijet is rationalizing its business by terminating a south Florida air and ocean logistics business it owns.

››› File
FROM THE HOME PAGE
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the first half of 2025, container traffic in the port of Gioia Tauro grew by +10.5%
Joy Taurus
2,186,211 TEUs were handled
A bulk carrier was attacked in the Red Sea
Portsmouth
The crew abandoned the ship which began to take on water
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
Rijeka Gateway Terminal to become operational in early September
Copenhagen
The first ship at the second container terminal of the Croatian port is expected on September 12
Falteri (Federlogistica) urges us to focus on the development of "polycentric" logistics
Genoa
The Simplified Logistics Zone should be the cornerstone of the strategy
Tsuneishi Shipbuilding Co. acquired Mitsui E&S Shipbuilding Co.
Hiroshima/Tokyo
It was renamed Tsuneishi Solutions Tokyobay Co.
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
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