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November 3, 2023

free news
Exim India web site
NOVEMBER 3, 2023
  • Allcargo Group launches "LogicOn" with its knowledge partner IIM Mumbai
  • Exim Integrated Club holds its 1st Annual General Meeting
  • B. Kasiviswanathan takes charge as new Chairperson of Cochin Port Authority
  • India mulls purchasing cheap Venezuelan crude oil
  • Middle East conflict seen pushing up commodity prices: World Bank
  • India okays 110 laptop import applications
  • GST collections up 13 pc in Oct.

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International Transport Journal web site
NOVEMBER 3, 2023
  • Normal operation expected for September 2024
  • Cooperation with customs authorities fosters trade
  • Korean partnership to reduce CO2 in shipping
  • Air cargo demand turns a corner in Asia Pacific
  • An e-mobility partnership
  • Connecting sea and air in Hong Kong
  • A change of leadership at Qatar Airways Group
  • Haaren Group: new ship management service
  • Converted locomotive to serve US port
  • A Happy acquisition
  • First Airbus A321 P2F for Indigo
  • The race begins
  • Electronic payment services for seafarers
  • "Curiosity of the Day"
  • Driverless truck service to launch in Texas
  • Using tech for supply chain transparency
  • Almost 200 horses under the hood
  • ACS to expand in Australia

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The Loadstar web site
NOVEMBER 2, 2023
  • Threat to contract rates as carriers fail to boost spot market prices
  • Garment factories set on fire as Bangladesh workers demand 'living wage'
  • CH Robinson - now roll the dice
  • 'Daylight robbery' - Fury at huge hike in terminal fees by DP World Australia
  • Flexport + Convoy's tech stack - listen to the pros, not the bros
  • Polar Air Cargo fraud scandal: forwarder set to change plea to guilty
  • Asiana agrees sale of air cargo business, paving the way to merger with KAL
  • 2024 a 'year of consolidation' among SME forwarders, as M&A kicks off
  • Flexport confirms a 'modest' sum paid for Convoy tech

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Marine Log web site
NOVEMBER 2, 2023
  • Maersk Supply uses Inmarsat API to optimize performance of battery-fitted AHTS
    An Inmarsat Maritime solution will help Maersk Supply Service optimize the performance of its first vessel fitted with a battery installation, the AHTS Maersk Minder, and to evaluate how best to optimize
  • Windcat opts for Schottel propulsion for hydrogen-fueled CSOVs
    The first three in the series of hydrogen-fueled Commissioning Service Operation Vessels (CSOVs) ordered at Damen Shipyards by CMB Group's offshore personnel transfer subsidiary Windcat (see earlier story) will feature full Schottel
  • Philly Shipyard: NSMV training ships will be a loss maker
    No doubt about it, the contract to build the National Security Multi-Mission Vessel (NSMV) training ships was a life-saver for Philly Shipyard when it was awarded in Ap

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Container News web site
NOVEMBER 2, 2023
  • Hapag-Lloyd increases rates from Indian Subcontinent to US East and West Coasts
    Hapag-Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Pakistan, Sri Lanka and Bangladesh to the United States East Coast and West Coast. The rate increase of US$200/box will be applied to cargo transported in 20' and 40' dry, reefer, and special containers, including high cube equipment. The updated rates will be effective from 1 December until fu
  • Port of Tyne goes live UK's first site-wide private network
    The Port of Tyne, in collaboration with BT and Ericsson, has launched a groundbreaking 4G and 5G private network, making it the first smart port in the United Kingdom to deploy site-wide standalone connectivity. In particular, the private 5G wireless network will enable various applications, including autonomous vehicles, survey drones, smart surveillance, artificial intelligence (AI) and extende
  • AD Ports to use RightShip's digital tool
    AD Ports Group has decided to deploy RightShip's Maritime Emissions Portal (MEP) in its portfolio of worldwide ports. MEP is a digital solution that combines Automatic Identification System (AIS) vessel movement data with RightShip's vessel insights. The solution calculates ships' emissions within port and terminal facilities and highlights opportunities to reduce environmental impact. MEP gives
  • Prince Rupert Port Authority starts building of new logistics facility
    The Prince Rupert Port Authority is commencing construction on its largest infrastructure investment. The Ridley Island Export Logistic Project (RIELP) is a large-scale transloading and logistics facility designed to provide expanded transloading capacity and capabilities at the Canadian port. The project will consist of a 440,000m² greenfield development on Ridley Island. The facility, which wil
  • Kalmar to equip Kingston Freeport Terminal with new hybrid straddle carriers
    Finnish port equipment manufacturer Kalmar has recently finalised a deal to provide Kingston Freeport Terminal Limited (KFTL) with a dozen hybrid straddle carriers. The new machines are scheduled to be delivered at the Caribbean port by the second quarter of 2024. Established in 2015, KFTL is a transshipment hub in the Caribbean and operated by Terminal Link, a joint venture between CMA CGM and C
  • Schedule reliability improves, Maersk and Hamburg Süd top rankings
    Sea-Intelligence published issue 146 of the Global Liner Performance (GLP) report, which includes schedule reliability figures from January to September 2023. "Source: Sea-Intelligence.com, GLP Report, issue 146" According to the analysis, in September 2023, global schedule reliability rose by 1.2% points M/M to 64.4%. Apart from the May incre
  • CMA CGM to introduce new peak season surcharge in Dakar port
    Marseille-headquartered box carrier CMA CGM will implement a peak season surcharge (PSS) from North Europe, Mediterranean, North Africa, North America, Latin America, Middle East and Indian Subcontinent to the port of Dakar in Senegal. The surcharge will be €200/GB£175/US$210 per container and will apply only to dry cargo. CMA CGM will start implementing this surcharge from 13 November until furt
  • Maersk Supply Service chooses Inmarsat fleet data API to improve battery-optimised vessel performance
    Maersk Supply Service has chosen Inmarsat Maritime's Fleet Data Internet of Things (IoT) platform to help optimize the performance of its first vessel battery installation onboard the Maersk Minder Offshore Supply Ship, in a solution that will also allow the vessel owner to evaluate how best to optimize the use of zero-emission energy storage systems across its fleet. An end-user API collects dat
  • NWSA receives a US$54 million grant for Husky Terminal expansion
    The Northwest Seaport Alliance (NWSA) will receive a US$54 million grant from the Port Infrastructure Development Program (PIDP). NWSA said it will use the funds to expand the Husky Terminal in South Harbor, improving its gateway's competitiveness and regional job prospects. The project is expected to improve cargo transportation safety, efficiency, and reliability while also meeting the gateway'
  • SCFI registers two digit jump
    The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012.6 points in Week 43, surging 10.3% from the previous week and remaining on an upward trend for the third week in a row, while the index exceeded the 1,000-point line for the first time since early September. Shipping capacity adjustments by carriers caused more significant space shortages on the trade lanes to North America
  • Battery-powered locomotive to serve JAXPORT
    A Jacksonville Port Authority (JAXPORT) facility, the Talleyrand Marine Terminal, is soon to introduce an eco-friendly locomotive into its service fleet. This locomotive is part of a batch of eight nationwide that is undergoing a conversion process from diesel-powered to battery-powered. The transformation is made possible thanks to funding from Watco Rail Services, a company based in Kansas, and
  • Wärtsilä 31DF engine reduces methane emissions by an additional 41%
    Finnish technology company Wärtsilä has unveiled an enhanced, environmentally friendly iteration of its highly efficient Wärtsilä 31DF engine. When powered by LNG, this updated model can significantly reduce methane emissions by as much as 56% and nitrogen oxide (NOx) by up to 86% at a 50% load point. On an overall average, this cutting-edge technology can lower methane emissions by 41% more than
  • MOL, Pyxis partner on EV development and market expansion in Asia
    Mitsui O.S.K. Lines (MOL) and Pyxis Maritime have inked a Memorandum of Understanding (MoU) to partner on the joint creation and promotion of electric vessels (EVs) in the Singapore region, as well as marketing for the expansion of EVs introduction in Japan. MOL and Pyxis will combine MOL's maritime expertise, market networks, and industry understanding as a shipping company with Pyxis' agility a

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Splash web site
NOVEMBER 2, 2023
  • Navios Partners in for more tanker newbuilds
    Greece's Navios Maritime Partners is strengthening its tanker fleet with a deal for four aframax/LR2 newbuilds. The Angeliki Frangou-led diversified shipowner revealed in its quarterly earnings that it would add the quartet in 2026. The ships should deliver during the first half of 2026 and the first half of 2027. The New York-listed firm is ...
  • Okeanis Eco Tankers applies for US dual-listing
    Greek owner Okeanis Eco Tankers (OET) has set its sights on a dual listing that would see it float in New York along with Oslo. The Alafouzos family vehicle, listed in Oslo in 2018, boasts a fleet of six suezmaxes and eight VLCCs. The NYSE listing is expected Okeanis Eco Tankers to change its listing ...
  • Diana Shipping fixes out bulker to Western Bulk Carriers
    Greek bulker owner Diana Shipping has entered into a time charter contract with Western Bulk Carriers for one of its ultramax dry bulk vessels. The New York-listed company said that it won a charter for the 2015-built, 60,309-dwt . The gross charter rate is $12,500 per day, minus a 5% commission paid to third parties, ...
  • Euronav lifts VLCC purchase option
    Euronav has taken back full ownership of one of its VLCCs it had under a sale and leaseback deal in China. The Antwerp-based dual-listed tanker giant had exercised an option to repurchase the 2008-built Nectar. The 307,000 dwt ship was sold and chartered back with two other VLCCs in December 2019 on a 54-month bareboat ...
  • Africa Finance Corporation sells Takoradi Port stake to Yilport
    African development finance institution Africa Finance Corporation (AFC) has sold its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana's Takoradi Port, to port operator Yilport Holding. In 2019, AFC committed to invest up to $138m in equity and debt for the Takoradi Port Expansion Project. The project, ...
  • Capesize valuations follow spot market declines
    S&P brokers have been watching with eagle eyes to see if the dramatic fall in capesize rates - down nearly 50% from year-highs of $30,000 in the space of 10 days - will translate into falling prices for secondhand capes. Buyers and sellers have been watching what the 14-year-old, 180,000 dwt Ocean Corona, built at ...
  • Havila Shipping seals another Equinor PSV extension
    Norwegian OSV owner Havila Shipping has secured another vessel contract extension with Equinor. The Norwegian energy major has fixed the 2012-built platform supply vessel Havila Charisma until mid December 2024 and has three more one-year options to keep the vessel until mid-December 2027. Equinor also recently extended the charter for the 2008-built Havila Foresight by ...
  • Singapore's Megamas reveals plans for two cable ship newbuilds
    Singapore's Megamas Resources has moved to build two modern and fuel-efficient cable laying and repair vessels. In partnership with Renaissance Technologies (RTM), the company has tapped Norway's Ulstein Design & Solutions for the newbuild vessel design capable of laying and maintenance of both subsea fibre-optic telecommunication cables and power cables, covering the inter-array and export ...
  • Boomsma Shipping and Leonhardt & Blumberg link up for up to eight newbuilds in India
    Dutch owner Boomsma Shipping and Germany's Leonhardt & Blumberg Shipmanagement have teamed up to order a series of up to eight low-emission shortsea dry cargo vessels at Chowgule Shipbuilding in India. Chowgule will build the 8.500 dwt vessels, developed in cooperation with Dutch designer Conoship, at its new shipyard in Mangalore, which will start production ...
  • IAPH picks Hamburg Port Authority CEO for president role
    The International Association of Ports and Harbors (IAPH) has appointed a new president and made changes to its board. The Board is formed by the president and six vice presidents and has general authority to establish broad principles and objectives of IAPH and to make any decision regarding its operation, financing and structure. Hamburg Port ...
  • Court puts Barossa gas export pipeline work on hold
    Australian energy major Santos has been given an interim injunction by the Federal Court of Australia to prevent it from laying the Barossa Gas Export Pipeline (GEP). This decision to block the Barossa pipeline laying until November 13, 2023, is in connection with an application by Simon Munkara seeking an order that Santos revise and ...
  • Hayfin signs for methanol-ready suezmaxes in South Korea
    Hayfin Capital Management has placed an order for up to four methanol-ready suezmax tankers in South Korea. The UK alternative investment platform with around $32bn assets under management has contracted HD Hyundai, formerly known as Hyundai Heavy Industries, for two firm vessels worth about $171m, according to a stock exchange filing by HD Korea Shipbuilding ...
  • World's first ammonia-powered boxship set to deliver in 2026
    Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara, and fellow liner operator North Sea Container Line have joined forces to deliver the world's first containership that will use pure ammonia as fuel. From 2026 the ship named Yara Eyde will operate between Oslo, Brevik, Hamburg and Bremerhaven. "The green journey started with ...
  • Costamare ships out elderly supramaxes
    Greek owner Costamare has disposed of two older supramax bulkers as part of the company's fleet renewal move. The New York-listed firm is offloading the 2006-built Peace, with the 55,709 dwt ship expected to change hands in the fourth quarter of this year. Further transaction details were not revealed, but S&P databases suggest the BWTS-fitted ...
  • Lula deploys the army at top ports in battle with cocaine gangs
    The dire crime situation at Brazil's top ports has forced the nation's president to deploy the army. Luiz Inacio Lula da Silva announced yesterday that the army would be brought in to aid security at the nation's top ports and airports for an initial period of six months. The ports are Santos and Itagui, conduits ...
  • Tanger Med, East Port Said added to EU's upcoming emissions regulations
    To reduce the risk of evasive port calls and relocation of container transhipment activities to ports outside of the European Union, the European Commission has announced that containerships sailing from a non-EU port to discharge cargo at an EU port by the way of Tanger Med or East Port Said will pay for 50% of ...
  • Anil Sharma eyes ship leasing
    Anil Sharma, best known as a cash buyer for ships for recycling, is looking at a new business strand. Sharma's Global Marketing Systems Inc (GMS) is the world's largest buyer of ships and offshore assets for recycling. On top of that, he has Lila Global, a shipowning division that has grown rapidly in the last ...
  • VLGC rates surge on Panama Canal cuts
    News this week of further daily transit cuts at the Panama Canal has sent a rocket through the already hot VLGC markets. With containerships expected to take the lion's share of the available slots on the interoceanic waterway for the next four months at least, other ship types are having to make contingencies, with fleets ...
  • Maritime Craft Services orders CTV trio in Finland
    Finnish shipbuilder Uudenkaupungin Työvene has won an order for three hybrid-ready SWATH CTVs from the Scottish company Maritime Craft Services. According to Työvene, this order marks the shipbuilder's entry into the rapidly growing offshore wind market. A small waterplane area twin hull or SWATH is a type of vessel designed for a minimum motion of ...
  • Valaris secures $480m worth of new deals and extensions
    Offshore driller Valaris has been awarded a number of new contracts and contract extensions, with an associated contract backlog of approximately $480m. In the floater department, Valaris won three contract extensions for three of its drillships while a brand-new deal was awarded to one of its semisubs. The driller won a 250-day contract extension with ...
  • Seafarers Happiness Index suffers its longest decline
    Further concern over seafarer welfare has been raised by the results of the latest Seafarers Happiness Index, which reveals a further drop in seafarer happiness and marks the longest sustained decline since the index was founded. This report covers Q3 2023 and is the third successive report to show a decline, sparking fears over the ...
  • Navigating risk in a sanctions landscape
    As geopolitical tensions continue to have profound implications for the maritime sector, Fiona Rafla, senior lawyer at Wikborg Rein, outlines how innocent parties can seek to unwind troublesome contracts when dealing with a sanctioned party. The maritime industry and global trade have been at the sharp end of risk considerations due to a rapidly evolving ...

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Lloyd's List web site
NOVEMBER 2, 2023
  • US slaps sanctions on key player in Mariupol reopening
    Roskapstroy is responsible for much of the activity happening at the occupied port of Mariupol, including restoration projects and running...
  • Dorian LPG maintains confidence in market after record second-quarter earnings
    Owner of 25 modern VLGCs declares ninth dividend but keeps flexibility for fleet renewal
  • Southeast Asia LNG bunkering picks up on lower prices, says analyst
    LNG prices could compete with traditional bunker fuel prices, analyst concludes
  • Navios Partners brings orderbook to 28 with four aframax product tankers
    US-listed behemoth discloses terminations and tweaks of charters for four containerships
  • US-sanctioned Crimea caller and accused grain plunderer renames
    Blacklisted San Severus, formerly Finikia, changed its name after a dark port call in the eastern Mediterranean Sea. It has...
  • Israel war risk rates steady as Lebanon pricing softens
    Ukraine premiums easing slightly, market sources report
  • Sumec's New Dayang looks to excel as a niche bulker specialist
    He advises against acquiring yards in a strong market, even as the market recovery has positioned shipbuilding as a seller's...
  • Teekay Tankers smashes records and expectations in third quarter
    US-listed Teekay Tankers achieved its highest third-quarter rates since 2008 despite pronounced market volatility. The mid-sized tanker specialist is tipped...
  • K Line earnings hit by normalising container and weakening bulker markets
    Net profits plunged to ¥24.6bn in the three months between July and September, an abrupt decline from nearly ¥300bn in...
  • Yara and North Sea Container Line form joint venture for 'world's first' ammonia-powered boxship
    Norway's Yara and North Sea Container Line will charter vessel for 15 years from an undisclosed shipowner for service between...
  • 'Risk off' Norden looks to 2025 for better dry cargo markets
    Forward positions show confidence returning after 2024 for bulk carrier segment
  • Odfjell Q3 earnings flat despite seasonal lull
    Odfjell posts another solid quarter but expects a 'stable' result in the traditionally strong fourth quarter, as it will have...
  • MSC adds 328th secondhand boxship since 2020
    Values of modern containerships appear to be holding firm, although pressure is building for price drops of older units. Meanwhile...
  • Euronav reports $114.6m profit, with pivotal Frontline deal 'at inflection point'
    Shareholders can choose between realising value in cash or following Euronav in a new strategic direction, says interim chief financial...
  • 'Challenging' dry cargo outlook pares profits for Norden
    Norden preparing for tougher 2024 amid lower demand growth and reduced congestion
  • Daily Briefing
    Dark fleet consolidates Russian oil shipments dominance | EU ETS to include calls at Tanger Med and East Port Said |...

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The Journal of Commerce web site
NOVEMBER 2, 2023
  • 'Aggressive' truck brokers stuck in soft market: C.H. Robinson
    The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low.
  • ONE expands Indian network amid signs of export trade recovery
    A raft of recent service additions and enhancements has cemented the carrier's intra-Asia reach for Indian customers.
  • Automation forcing its way into freight audit and payment market
    The need for shippers and brokers to speed up the auditing and payment of freight bills is bringing AI and automation-focused vendors to the fore.
  • Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst
    Forecasts are important for the container shipping industry, but it comes down to identifying and categorizing risk and then using that approach to develop a robust plan in the face of "known uncertainties," writes analyst Lars Jensen.

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TradeWinds web site
NOVEMBER 2, 2023
  • Eagle Bulk flies lower to absorb first quarterly loss in two years
    Connecticut owner pays $0.10 dividend and guides to stronger TCE rate in current market
  • Baltic Dry Index hits seven-week low as negative sentiment weighs on dry bulk market
    Futures market shows optimism for lacklustre shipping sector
  • Suicide suspected as member of Naftomar's Zein family dies
    63-year-old Imad Zein was found dead in his Athens home, according to Greek media
  • Hoegh Autoliners steadfast on ammonia as fuel of choice
    Shipowner signing multiple letters of intent for ammonia fuel as it prepares for fleet transition
  • Diana Shipping continues Western Bulk period deal at lower rate
    Only one other bulker fetches one-year fixture in last two weeks, according to Baltic Exchange
  • 'Important milestone': Okeanis Eco Tankers plots New York listing
    Controlling Alafouzos family sees US move as providing wider investor access to its modern fleet
  • Vessel delays contribute to scrapping of Orsted's US offshore wind projects
    Danish company's chief executive lists wind vessel availability among factors in scrapping Ocean Wind
  • Dry-docking hitting Odfjell's bottom line? 'That probability is low' says Fotland
    The company will have fewer available commercial days in the fourth quarter as several of its ships head to dry dock
  • Cheniere inks sales deal that could see it deliver LNG well beyond 2050
    Company claims title of 'fastest LNG producer' to reach 3,000th cargo milestone
  • Drydocking hitting Odfjell's bottom line? 'That probability is low' says Fotland
    The company will have fewer available commercial days in the fourth quarter as several of its ships head to drydock
  • Norway's North Sea Container orders 'world's first' ammonia-fuelled container ship
    Vessel expected to use about 10,000 tonnes of ammonia annually
  • Cheniere inks sales deal which could see it deliver LNG well beyond 2050
    Company claims title of 'fastest LNG producer' to reach 3,000th cargo milestone
  • Maxim Group-tied deals slow to a crawl as all eyes turn to New York courts
    This week's Streetwise explores how unlikely governance avenger George Economou is making life uncomfortable for a prominent Greek shipping family
  • Norway's NCL orders 'world's first' ammonia-fuelled container ship
    Vessel expected to use about 10,000 tonnes of ammonia annually
  • Navios Partners tops up tanker newbuilding tally with product tanker quartet
    Angeliki Frangou boosts newbuildings, renegotiates boxship contracts and enters South American transshipment business
  • From the doldrums to record-setting rates, Hagland describes crazy October for AHTS
    Weather wreaked havoc on both the AHTS and PSV market, Norwegian broker says
  • Sir David Attenborough research ship checks halted before lifeboat accident
    Engineering crew stopped routine maintenance to focus on fixing faults
  • K Line profits slide as dry bulk and box ships struggle
    Japanese company is in the black but bottom line figures are down by 80%
  • Denmark's DFDS hunts for new finance chief as Karina Deacon quits
    Ro-ro and ropax group says CFO wants to pursue a non-executive role
  • Aon calls for passenger ship insurance review 11 years after the Costa Concordia
    Broker argues that without a major claim in a decade the sector deserves to be recognised with lower rates
  • UK Supreme Court kicks out UniCredit's appeal in $24.7m Euronav legal dispute
    Italian bank now has no further recourse over what it alleged was cargo misdelivery
  • The ship surgeons rebuilding lives in Africa
    The industry is due to hold its annual Cargo Day on 8 November to raise money for medical charity Mercy Ships
  • Dorian LPG stays flexible on fleet renewal as earnings hit new record
    Boom time for VLGCs means big jump in profit for US owner
  • Leonhardt & Blumberg expands into new arena with newbuildings in India
    General cargo ships jointly ordered with Dutch player Boomsma Shipping at new Chowgule shipyard
  • Charterers rushing to secure tankers ahead of any wider Middle East conflict, Euronav says
    VLCC and suezmax rates rising over fears that Israel-Hamas war could spiral, owner argues
  • Wallenius Wilhelmsen stake propels Wilh Wilhelmsen profits upwards
    Shipping conglomerate's earnings strengthen thanks to car carrier owner holdings
  • 'Not your average troubleshooter': Greek mediators deploy corporate diplomacy to crack maritime disputes
    Shipowner and Brussels insider use corporate diplomacy to resolve festering maritime rows
  • Wavelength: Container ship players face a 'car crash' - and don't have any brakes
    Operators that have been busy buying new vessels have been sowing the seeds of their own demise
  • Hanwha Ocean delays delivery of three VLGC newbuildings
    Okpo-based shipyard is in discussions with shipowners over liquidity damages
  • Ostergaard-Nielsen family unveils five-year growth plan for tanker and bunker operations
    USTC group wants laser focus on future acquisitions while forming new common strategy for diverse operations
  • Hoegh Autoliners moves to secure 'clean' ammonia supply in Yara deal
    Norwegian car carrier firm strives to cover the fuel needs of its dozen Aurora Class newbuildings
  • Mike Meade's M3 Marine set to launch London offshore shipbroker as demand grows
    Experienced Singapore broker says Western push prompted by unprecedented growth in sector
  • Teekay Tankers eyes eight vessel buybacks as profit sets record
    US-listed owner says result is best ever in third quarter
  • Euronav captures tanker upturn as it buys back VLCC leased in China
    The Nectar has been taken back under ownership to 'crystallise a potential capital gain'
  • Odfjell predicts healthy rates ahead after posting 'solid' results
    Spot markets softened during the third quarter but picked up in later months
  • NYK halfway to spending mammoth $1.3bn share buyback budget
    But Japanese line's stock is too expensive for it to reach its 85m-share target
  • Euronav capturing tanker upturn by buying back VLCC leased in China
    The Nectar has been taken back under ownership to 'crystallise a potential capital gain'
  • Norden kicks off share buybacks as lower freight markets hit quarterly result
    Bulker and product tanker firm's operating activities are feeling the squeeze
  • Euronav pulls dividend and earnings call as it stands at 'inflection point' after Frontline deal
    Profit soars but earnings to be retained while sale of VLCCs to Frontline and takeover offer by CMB plays out
  • Densay broadens footprint in big bulkers with capesize buy
    Kassian Maritime and Zodiac Maritime believed to be among this week's capesize sellers
  • Carnival agrees potential four-year LNG bunkering deal for latest newbuilding
    Cruise giant describes LNG as the best available market-ready fuel to help cut greenhouse gas emissions now

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American Shipper web site
NOVEMBER 2, 2023
  • Lufthansa Cargo profits wiped out in Q3
    Lufthansa Cargo didn't make a profit in the third quarter as revenues fell more than 40% from last year.

››› File
FROM THE HOME PAGE
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 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
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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