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28 April 2025 - Year XXIX
Independent journal on economy and transport policy
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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
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
Istanbul/Marseille
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
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