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28 April 2025 - Year XXIX
Independent journal on economy and transport policy
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November 16, 2023

free news
Exim India web site
NOVEMBER 16, 2023
  • Vadhavan Port project of national interest: JNPA Chairman
  • Allcargo Logistics announces issuance of bonus shares; reports Q2FY24 results
  • Use of CTU Code boosts supply chain safety and savings, survey finds
  • Baltic Exchange Market Report (10 November 2023)
  • No sign of nearshoring as per available container volume trade data
  • CNC enhances Intra-Asia connectivity with three new services
  • India's forex import cover up
  • 'The industry continued to normalise in the third quarter': Rodolphe Saadé
  • India urges Ethiopia to settle trade transactions in local currency
  • Mahindra Logistics launches services on ONDC network
  • MSC achieves renewal of ISO 9001:2015 certification for Quality Management Systems
  • Deendayal Port updates berthing policy
  • Allowing advance assessment of Courier Shipping Bills
  • NHAI accepts first Insurance Surety Bond as bid security for TOT monetisation
  • Bulk carriers the epitome of non-combatant vessels: INTERCARGO
  • DPIIT preparing list of non-negotiable items for FTA
  • India's summer-sown rice production seen at 106 MT for 2023-24

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International Transport Journal web site
NOVEMBER 16, 2023
  • Support for ports' rail yards and green trucks
  • Dronamics' busy day in Dubai
  • Partners for Canadian exports to Asia
  • Co-CEOs to lead Cargojet
  • 2,000 vehicles to transition to greener alternative
  • MLP Group expands to Austria
  • ZIM Q3 results: a test of resilience
  • Leschaco Iberia certified as Iata cargo agent
  • Eimskip: changes in executive management
  • Waberer's invests in rail business
  • Providing veterans with flu vaccines
  • An easier way to calculate emission costs
  • First 737-800 BCF for Oman Air Cargo
  • "Curiosity of the Day"
  • Cargo growth at SC Inland Ports
  • Carlo Luzzatto to take over from Ugo Salerno
  • E-trucks not only for eco-sensitive customers
  • From the North Sea to the Mediterranean

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The Loadstar web site
NOVEMBER 15, 2023
  • Danaos enjoys strong Q3, but sees uncertainty as liners look to cut charter costs
  • Weak Asian imports impact HHLA results, but Hamburg sees 'green shoots'
  • Analysis: Vizhinjam - will Adani succeed where DP World failed?
  • Reports of delay to implementation of EU ISC2 - a 'regulatory evolution'
  • Busy Mexico escapes as US integrators look to cull air operations
  • MOL opts for AI-driven 'early fire detection' system for new car-carrers
  • Evergreen unveils ETS surcharge estimate - Hapag still cheapest

free news
Marine Log web site
NOVEMBER 15, 2023
  • New Marsh facility set to slash cost of Ukraine grain war risk insurance
    In a move that promises to substantially reduce the costs of insuring ships exporting Ukraine grain, Marsh McLennan (NYSE: MMC) has announced the launch of a new facility - Unity - to
  • Austal USA lays the keel for T-ATS 11
    Austal USA yesterday celebrated the official start of construction on the future USNS Billy Frank, Jr., the Navy's eleventh Towing, Salvage and Rescue Ship (T-ATS 11), with a keel laying ceremony at
  • Court rules against further GoM oil and gas lease sale delay
    The U.S. Court of Appeals for the Fifth Circuit has issued an order dismissing an appeal against a GoM oil and gas lease preliminary injunction. As we reported earlier, the Bureau of
  • Wärtsilä in ammonia-fueled four-stroke first
    Wärtsilä has brought to market the marine sector's first four-stroke engine based solution for ammonia fuel. It is now commercially available as part of the Wärtsilä 25 engine platform, which was launched
  • St. Paul Engineer district to close four locks and dams
    The U.S. Army Corps of Engineers, St. Paul District, is closing four of its locks and dams in early December for maintenance. The closures will officially end the 2023 navigation season on
  • Conrad reports third quarter results and backlog
    "We are cautiously optimistic about the future of our vessel construction segment due to recent backlog additions for repeat builds in the ferry and barge markets for repeat customers," said Johnny Conrad,

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Container News web site
NOVEMBER 15, 2023
  • MacGregor receives RoRo equipment order for two Pure Car and Truck Carriers
    MacGregor has received an order to supply comprehensive packages of RoRo equipment for two Pure Car and Truck Carriers (PCTC) vessels to be built by Hyundai Mipo Dockyard in South Korea. The order was booked into Cargotec's 2023 third-quarter orders received, while the vessels are scheduled to be delivered to the owner between the second and the third quarter of 2026. MacGregor's scope of supply
  • MOL, KEPCO sign service agreement on development of liquefied CO2 carrier design for CCS value chain
    Mitsui O.S.K. Lines (MOL) and Kansai Electric Power (KEPCO) have signed a service agreement to perform feasibility studies on the design of a liquefied CO2 carrier at shipyards in Japan and across the world. The extensive study of the carbon dioxide capture and storage (CCS) value chain, which includes shipyards, is a pioneering initiative for other CO2-emitting industry operators. The agreement
  • Peel Ports and Suardiaz establish UK's first green automotive manufacturing hub
    Peel Ports and Suardiaz have inaugurated a UK-first Green Automotive Manufacturing Hub in Merseyside, which will considerably cut supply chain emissions in the North-West. The US$12.5 million facility, the first of its kind in the UK, was officially launched on 14 November with a ribbon-cutting ceremony as it welcomed a Suardiaz vessel from Vigo Port in Spain, to which it will operate a twice-wee
  • Box volumes grow at Saudi ports in October
    For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to an increase over the 704,486 TEUs handled in the same month in 2022. The number of exported containers increased by 9.72% in October, reaching 224,822 TEUs, up from 204,903 TEUs in the same month last year. The number of imp
  • IMO's CII a failed market mechanism should be replaced, says DSF
    According to Danish Ship Finance (DSF), the IMO's Carbon Intensity Indicator (CII) which became effective this year is a "failed market mechanism" that should be replaced by a voyage index that will give shippers more transparency. In a recent press briefing, IMO secretary general Kitack Lim said that the collaboration between stakeholders is to be ramped up with round tables to discuss the futur
  • ZIM reports over US$2.2 billion loss in third quarter
    Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period last year. Similarly, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the company sank by 89% year-over-year to US$211 million, while ZIM's operating loss (EBIT) reached US$2.3 billio
  • Fincantieri and Central Adriatic Sea System Authority sign deal for Ancona port development
    The Port System Authority of the Central Adriatic Sea (ADSP) and Italian shipbuilding company Fincantieri have signed a program agreement to promote the development of the port of Ancona in Italy. Pierroberto Folgiero, CEO and managing director of Fincantieri, and Vincenzo Garofalo, president of ADSP, signed the agreement on 13 November. According to the statement, the goal of the agreement is to
  • Maersk commences construction works for new cold storage facility in Rotterdam
    Danish ocean carrier Maersk has started the construction works for its new large cold store in Rotterdam. The specialized warehouse for temperature-sensitive or frozen products, like pharmaceuticals, fruits, meat or fish, is located right next to the Maasvlakte II terminal, which is operated by Maersk-owned port operator APM Terminals. The new 40,000 m² facility is expected to be operational in t
  • Cocaine seized from Maersk ship in New Zealand
    Nearly US$10 million of cocaine was seized from a Maersk ship after the vessel arrived in Tauranga, New Zealand. The drugs were concealed in the engine compartment of a refrigerated container that held bananas, New Zealand Customs Service said on 14 November. The vessel called at the port five days earlier. The ship name was not disclosed, but vessel-tracking data shows that the 3,078 TEU Safmari
  • CMA CGM announces BAF update in Algeria, Tunisia and Morocco RoRo services
    Following the development of bunker prices since the last surcharge adjustment, CMA CGM SSL Intra Europe will modify its Bunker Adjustment Factor (BAF) on its RoRo South services linking France with Algeria, Tunisia, and Morocco (import and export) as follows: The following charges will take effect on 1 December 2023: Cargo Algeria service Tunisia service Morocco service Roll, full €1,244/unit €5
  • Argo Anchor launches operations in Dubai backed by Indian shipping firm's investment
    Argo Anchor Shipping Service LLC, a new force in the shipping industry, has officially launched its operations in Dubai, UAE backed by a significant investment from India-based shipping agency Lancer Container Limited. This collaboration signals the entry of Argo Anchor Shipping Service into the NVOCC and freight forwarding market, with plans to commandeer 5,000 TEUs by the end of 2023 and 15,000
  • MOL to install cameras and AI systems in newbuilding car carriers for early fire detection
    Mitsui O.S.K. Lines (MOL) has decided to install cameras and an Artificial Intelligence (AI) system developed by Israel-based maritime safety and management system developer Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers. The devices, which are expected to provide early fire detection capabilities, will be installed on 10 vessels currently on order and scheduled for deli
  • Wan Hai holds naming ceremony for new 3,000 TEU vessels
    Taiwan-based ocean carrier Wan Hai Lines held ship naming ceremonies for two new container ships, Wan Hai 368 and Wan Hai 369. Wan Hai Lines and Japan Marine United Corporation have deployed the third batch of their 3,055 TEU series ships, totaling twelve vessels. Wan Hai 368 and Wan Hai 369 are the 4th and 5th vessels in the series of ships, all built by Japan Marine United Corporation ARIAKE Sh

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Splash web site
NOVEMBER 15, 2023
  • Cadeler taps HSBC for $54m green loan
    Denmark-based Cadeler has secured financing from HSBC to help fund the construction of its newbuilds and upgrade the existing vessels. The BW Group-backed offshore wind contractor has struck a deal for a five-year €50m ($54.2m)unsecured green loan, which comes with a non-committed accordion option of up to €50m. The Cadeler fleet consists of two operational ...
  • Easterly Asset Management emerges as buyer of Celsius tanker duo
    Easterly Asset Management's Maritime Logistics Equity Partners (MLEP) has emerged as the buyer of two chemical tankers from Danish shipowner Celsius Shipping. The US-based company said in a statement that it had acquired and renamed the 2009-built 25,400 dwt Easterly Birdie, ex-Celsius Birdie, and the 2010-built 25,390 dwt Easterly Eagle, ex-Celsius Eagle. No price was ...
  • Germany's RWE forms offshore wind and green hydrogen alliance in South Korea
    German utility and one of the leading renewable energy developers RWE has reached an agreement with Hyundai Engineering & Construction, a subsidiary of South Korea's Hyundai Motor Group, to work together on offshore wind and green hydrogen projects. Korean government targets 24 GW of offshore wind capacity by 2036 and the duo will, under a ...
  • Rem Offshore scores over $138m in vessel contracts
    Norwegian offshore vessel operator Rem Offshore has penned several long-term contracts for its fleet worth a total of just over NOK1.5bn ($138.6). The Fosnavåg-based company has fixed the 2013-built subsea vessel Reem Inspector on offshore wind projects in Taiwan for about one year, commencing in the fourth quarter of 2023. The ship has worked in ...
  • Wärtsilä unveils first four-stroke ammonia-fuelled engine solution
    Finnish technology group Wärtsilä has introduced the marine sector's first commercially available four-stroke engine-based solution for ammonia fuel. Viridis Bulk Carriers, the world's first zero-emission shipping company, will be the first shipowner to benefit from the new ammonia solution. The company is a partnership between Amon Maritime, Mosvolds Rederi, and Navigare Logistics. Norwegian gov
  • Cocaine found on anchor chain of Berge Bulk cape
    Turkish authorities have seized nearly 52kg of cocaine on Berge Bulk's capesize off the coast of Adana Yumurtalik in Iskenderun Bay. In his statement on social media, Turkey's' interior minister, Ali Yerlikaya, said the drugs were found tied to the anchor chain of the Liberian-flagged . Twenty-six suspects on board the 175,900 dwt ship, including ...
  • Shipping locks in Panama Canal diversion plans
    The global seaborne trading map is in flux as shippers and shipowners reassess alternate routes to the parched Panama Canal, a waterway that accounts for 3% of all global maritime trade, which is in the process of slashing the amount daily transits in half as a drought prevention measure. Analysis carried out for Splash by ...
  • 2020 Bulkers locks away four newcastlemaxes with Koch extension deals
    Norway's 2020 Bulkers has secured charter extensions from Singapore's Koch Shipping on four of its newcastlemax bulk carriers. The Oslo-listed owner's Bulk Sandefjord, Bulk Santiago, Bulk Shenzhen and Bulk Sydney have been fixed until the end of 2026 with options for 12 more months. "We are very pleased with the long-term contract extensions for four ...
  • Seoul readies $544m in aid for Korean shipyards
    Seoul has earmarked an extra $544m in state support for the Korean shipbuilding sector through to 2028. The money will be spent helping develop alternatively fuelled vessels, on digitalisation and reinforcing the shipbuilding workforce. Korean shipyards are sitting on record orderbooks, with delivery slots taken through to mid-2027. However, production schedules have been slipping this ...
  • DOF wins CSV work, charters in Maersk Supply Service vessel
    Norway's DOF Group has found work for one of its construction support vessels (CSVs) and chartered in a vessel from Maersk Supply Service. The Oslo-listed company said that it won a contract from Subsea7 for a time charter of the Skandi Acergy CSV, adding a minimum of 18 months firm backlog, at a value in ...
  • Kyiv unveils new ship insurance scheme
    Kyiv has reached a deal with Lloyd's of London and Marsh McLennan to bring insurance cover for ships taking Ukrainian grain exports. Ukraine's economy minister Yulia Svyrydenko stated in a Facebook post that the $50m program would insure ships against military risks. The insurance news comes one week after a pilot died and three Filipino ...
  • CGG kicks off multi-client survey offshore Malaysia
    French geoscience technology company CGG, in association with Petronas, has started the 8,000 km Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024. CGG's Kuala Lumpur subsurface ...
  • Thailand dusts off Kra transport link plans
    Thailand has dusted off plans for a transport link that would allow ships to skip the Malacca Strait, one of the busiest shipping lanes in the world. The Southeast Asian kingdom has long touted the construction of the Kra Canal, a waterway across a narrow part of the country in the far south. While this ...
  • Snam to invest over $1bn in Ravenna offshore LNG terminal
    Italian energy company Snam has revealed that it would invest €1bn ($1.09bn) in its LNG offshore terminal near Ravenna which will host the FSRU . The new terminal will have an annual capacity of 5 bcm of gas and start commercial activity in early 2025. The FSRU will add to the supplies from the FSRU ...
  • Israel's war with Hamas cripples an Italian containerline
    Israel's ongoing war with Hamas has crippled one Italian containerline. Alphaliner is reporting that a charter conflict has broken out between Kalypso di Navigazione and Zhonggu Shipping with the Chinese tonnage provider refusing to allow its four 2,518 teu ships to call in Israel. The vessels had been deployed on Kalypso's Marco Polo service connecting ...
  • MOL rolls out tech to combat fire scourge across its car carrier fleet
    Japanese shipowner Mitsui OSK Lines (MOL) will install cameras and an AI system developed by Israeli firm Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers to provide early fire detection capabilities. The devices will be installed on 10 vessels currently on order, and the company will consider retrofitting current in-service ...
  • ExxonMobil starts production from third Guyana FPSO
    US supermajor ExxonMobil has started production at Payara, Guyana's third offshore oil development on the Stabroek Block. The Prosperity FPSO vessel is expected to reach initial production of approximately 220,000 barrels per day over the first half of next year as new wells come online. The startup brings the total production capacity in Guyana to ...
  • Time to listen to the ocean
    Steven Jones, the incoming CEO of the Sustainable Shipping Initiative, on the urgent need for the oceans to be embraced during the upcoming COP28. As global leaders ready themselves for the forthcoming United Nations (UN) climate conference in Dubai, the urgency to prioritise both the climate challenges and potential contributions of our oceans is intensifying. ...

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Lloyd's List web site
NOVEMBER 15, 2023
  • Energy efficiency methods can significantly reduce ship underwater noise, new study finds
    Marine conservation NGO Okeanos supports a 3 decibel per decade reduction target for underwater noise, while worst-case scenario in the...
  • Zim expects operating loss of $400m-$600m and takes $2bn impairment cost
    Overcapacity and anaemic demand sees Zim revising its outlook for the year to an adjusted operating loss of $400m to...
  • Talks underway for Denmark 'to stop and inspect' sanctions-breaching tankers from Russia
    Some 57 dark fleet tankers without International Group P&I cover transited Danish waters laden with Russian oil between October 1...
  • India's growing coal imports may create short-term upside for dry bulkers
    Imports have risen to meet surging power demand
  • Houthi leader threatens to destroy Israeli ships in Red Sea
    Some Israel affiliated ships operating in the Bab el-Mandeb Strait and Red Sea shut off their AIS last week
  • Burning questions remain on EVs and ship fires: Insurers
    With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of...
  • Shippers seek sanctuary in diversification
    Despite the easing of congestion, supply chains face disruption and unreliable service. Diversified sourcing can help reduce risk
  • Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
    Move follows last week's fatal missile attack on bulk carrier KMAX Ruler
  • UK government reshuffle ushers in new shipping minister
    The sixth UK shipping minister in the past three years will inherit a brief that has seen very limited progress...
  • Freight falls but passengers pick up as DFDS raises 2023 guidance
    "Freight markets are challenging and we continue to adapt our ferry and road capacity to optimise their utilisation," said DFDS...
  • CMA CGM invests in gas-electric-powered newbuildings for newly acquired La Méridionale
    Newbuilding contract for 180 metre long ro-ro passenger duo has been won by experienced Chinese shipbuilder CMJL Weihai, with delivery...
  • Wärtsilä launches dual-fuel ammonia engine
    The Finnish engine designer plans to sign its first commercial contract to sell its ammonia engine in early 2024 with...
  • Panama Canal disruptions help boost BW LPG
    World's leading operator of LPG carriers has posted its strongest-ever quarterly financial results
  • Daily Briefing
    OSG's Sam Norton to optimise his Jones Act tankers rather than build new ones | Star Bulk optimistic about market...

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The Journal of Commerce web site
NOVEMBER 15, 2023
  • Cosco, Varamar expand MPV reach with strategic partnership
    The aim of the venture is to broaden the scope of the companies' current operations, both geographically and in vessel size.
  • Grim 2024 outlook drives Zim to take huge Q3 impairment loss
    The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early.
  • House bill seeks to ensure funding for CBP capital costs linked to port inspections
    The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.
  • Hamburg port volume turns positive in Q3 amid boost in Asia business
    There was significant improvement in Hamburg's operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.
  • Shippers remain slow to embrace more expensive green shipping services
    Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium - and costly - green products remains a hard sell in a market where rate levels are at record lows.

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TradeWinds web site
NOVEMBER 15, 2023
  • Diana Shipping stays the course as charter revenue pullback eats at profits
    New York-listed shipowner's results consistent with analyst estimates
  • Easterly's MLEP swoops for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • United Maritime completes triple capesize sale-and-leaseback in readiness for looming loan deadline
    Bulker owner had a profitable third quarter, thanks in part to sale of its last tanker
  • Ernst Russ expects to log operating result close to $100m this year
    Hamburg-based tonnage provider profits from expanded container shipping fleet
  • Ukraine $100m insurance package may slash marine war risk costs by half, lead broker says
    Public-private hull and liability insurance scheme covers just agricultural exports out of Ukraine
  • 'The wolf is here': Failure to build infrastructure to prevent Panama Canal water crisis fuels anger
    Green Seas newsletter reports on the maritime unions' calls for action on the drought-stricken waterway
  • CMA CGM eyes switch to LNG from methanol for dual-fuel container ship newbuildings
    Shipowners are considering the costs and availability of green alternative fuels
  • Easterly's Darrell Crate explains who's selling chemical tankers in strong markets
    Managing principal says owners' different tastes open up opportunities for buyers
  • Easterly's MLEP kicks off new fund with swoop for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • Zim reveals shocking $2bn quarterly loss after non-cash impairment
    Carrier relies on $3bn in built-up liquidity to weather the downturn
  • Kremlin shrugs off US' oil price cap crackdown
    Russian export revenues in September hit their highest levels for more than a year
  • Resurgent DOF wins $105m charter and brings in Maersk vessel
    Norwegian owner reveals new deals as profit jumps back into the black
  • BW LPG says Panama Canal disruption is not all good news for VLGC owners
    Bosses point out that extra costs for operators are not easily passed on to end users
  • Wavelength: Why tanker owners face Russian crude crackdown
    Sanctions web may be full of holes but anyone snared could suffer severe penalties
  • Bunker One steps up fuel additives trial after early study generates consumption cuts
    Trial has been expanded to include vessels from six different shipowners
  • Spetalen's Standard Supply sells PSV trio for huge gain as asset values soar
    Oslo-listed owner banks $72.2m in en-bloc deal with tonnage in demand
  • Livestock carriers get high tech in move to improve animal welfare
    Use of internet of things network to continuously monitor animal conditions due to welfare pressure
  • Concordia mulls its options after being reduced to single tanker
    Company excited about future but not rushing into next investment in cyclical industry
  • Dry-dockings slim Awilco LNG's third-quarter figures
    But fixed rate contracts on company's two vessels set to put it back on track
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • Koch Shipping extends charters of four 2020 Bulkers newcastlemaxes
    Commodities giant's shipping operation will keep hold of the bulkers for at least two more years
  • ONE shares $2bn methanol dual-fuelled container ship order with two Chinese yards
    Asian liner giant is said to have ordered six vessels each at Jiangnan Shipyard and Yangzijiang Shipbuilding
  • MOL turns to AI to fight car carrier fires
    System will able to detect abnormal images and alert crew and onshore staff
  • Houthi leader threatens to target Israeli ships over Gaza war
    Yemeni rebel leader says group is monitoring Israeli-owned tonnage in Red Sea
  • Wartsila reveals first ammonia four-stroke engine along with initial customer
    Viridis Bulk Carriers signs up as pilot to take on pioneering engines
  • Fuel being removed from Russian tanker five days after grounding
    Product carrier Victoria being battered by big waves off Sakhalin Island
  • EU mulls targeting ship sales and Danish transits in new Russia measures
    Measures reportedly being discussed as bloc mulls a 12th round of measures over invasion of Ukraine
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • KCC to fit four more ships with Silverstream air lubrication systems
    Combination carrier company also has options for more retrofits as it aims to cut emissions.
  • Turkey warns 'poison merchants' after cocaine found tied to Berge Bulk anchor chain
    Capesize Berge Torre was searched by divers in Iskenderun Bay after trip from Colombia
  • Cedar LNG bags berth space for FLNG unit at Samsung Heavy Industries
    Kitimat project is targeting an end-of-year, early 2024 final investment decision
  • ASL Marine reverses year-ago loss on improving markets
    Singapore-listed offshore support vessel player continues turnaround effort, but some uncertainties remain
  • Panama Canal restrictions could boost demand for handysize gas carriers, Navigator says
    Booking requirement forces ships to wait for days or take much longer voyages around Cape Horn

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American Shipper web site
NOVEMBER 15, 2023
  • DHL Express upsizes Hong Kong air hub
    DHL Express has doubled the size of its Asia air hub in Hong Kong.
  • Massive impairment charge drags shipping line Zim to $2.3B loss
    Zim's headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
  • Korean Air says Amerijet-Maersk cargo partnership violates trade agreement
    U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.

››› 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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