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22 November 2024 - Year XXVIII
Independent journal on economy and transport policy
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March 17, 2023

free news
Exim India web site
MARCH 17, 2023
  • BLR Logistiks commences super specialised MPCB-approved Red Dot licensed warehouse at JNPA for chemical storage
  • Over $100 bn additional exports expected in current financial year: President, FIEO
  • Interesting period seen ahead for breakbulk shipping: Analysis
  • V. O. Chidambaranar Port surpasses Ministry's cargo handling target for fiscal
  • Tyre exports seen rising
  • Extended port gate facility proposed for Syama Prasad Mookerjee Port at Balagarh
  • FFFAI celebrates International Women's Day in Mumbai; emphasises women's participation in logistics
  • Asia-Europe capacity correction not as strong as on TP
  • Continental Carriers RA-3 certified
  • India & Brazil to promote pulses trade
  • Shipping vigilance urged for extreme weather in Bangladesh
  • India can export an additional 1 mt of sugar this year: Secy
  • MoU inked with small-holders of Malaysia for sustainable palm oil supply

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International Transport Journal web site
MARCH 17, 2023
  • An ecological flow of alcohol
  • Ukrainian stakeholder comes on board
  • Major privatisation in East Asia
  • First and last mile service to start in Q2
  • Multi-user facility to open in Shanghai
  • Single-line railway to link USA, Mexico, Canada
  • First board member based outside the USA
  • New Avianca GSSA in Central Europe
  • Yang Ming posts historic profit
  • 10 x ONE
  • Technology sorts, picks and puts away
  • Broad-gauge network fully electrified
  • Avia Solutions Group now based in Ireland
  • Greater visibility for Menzies thanks to Wipro
  • "Curiosity of the Day"
  • Duisport Group with new rep for inland navigation
  • Support for ICS2 implementation
  • Takeover expands event logistics portfolio
  • Two prime ministers meet at the Rijeka Gateway

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The Loadstar web site
MARCH 16, 2023
  • Asia services expanding as logistics players opt for a 'China+1' strategy
  • US transport authority finally gives thumbs-up to CP-KCS rail network merger
  • THE Alliance ends Cape diversions in time for network revamp
  • Tiaca chief slams Schiphol slot cuts - dialogue is the answer
  • TS Lines sells more box ships in fleet revamp ahead of newbuild deliveries
  • Regulation too slow to keep pace with development of EVs and batteries
  • UK-Europe unaccompanied freight gets a boost with new CLdN services

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Marine Log web site
MARCH 16, 2023
  • Carnival Cruise Line marks 100 million guest milestone
    One of Carnival Corporation's & nine brands, and the one that arguably transformed the industry into what it is now, Carnival Cruise Line, today had 100 million reasons to celebrate. It achieved
  • Austal USA awards FMD contract for OPC equipment
    Austal USA has awarded Fairbanks Morse Defense (FMD) a contract for a range of equipment to support the construction of WMSM-919, the U.S. Coast Guard's fifth Heritage-class Offshore Patrol Cutter (OPC). Over
  • Vale deploys Kongsberg Digital's Vessel Insight on Valemax quartet
    Brazilian mining giant Vale, one of the world's largest charterers of ore carriers, has been investing heavily in developing more efficient, greener, vessels. It is using Konsberg Digital's Vessel Insight to confirm
  • ABS Wavesight and Marlink partner to accelerate maritime digital transformation
    ABS Wavesight, the maritime software as a service (SaaS) company launched by ABS last November, is teaming up with Marlink to collaborate on using optimized connectivity to support efficient delivery of sustainability
  • Another Matson box ship set for LNG dual-fuel retrofit
    Matson Navigation Company (NYSE: MATX) is to convert the main engine of its containership Kaimana Hila from an MAN B&W S90ME-C10.5 unit to a dual-fuel ME-GI unit capable of running on LNG.
  • Shell takes FID on U.S. GoM Dover field
    As the U.S. Department of the Interior continues to drag its heels in developing the next federal offshore oil and gas leasing program, Shell yesterday made an announcement that underscores the continuing
  • Successful TTB 2023 sees largest attendance to date
    Attendance at TTB (Tugs, Towboats & Barges) conference exceeded expectations for the third year in a row-especially for vessel owners and operators, C-level executives, and shipyards. This year, nearly 300 people gathered

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Container News web site
MARCH 16, 2023
  • California and Japan sign agreement for clean ports and green shipping industry
    The governments of California and Japan announced a new collaboration aiming to clean up a critical link in the global supply chain by cooperating on strategies to cut planet-warming pollution at seaports and establish green shipping corridors. "The ports of California and Japan help power the global economy and will now help power a new era of clean energy, clean transportation and good-paying g
  • Downward trend for global fuel prices
    Global bunker indices showed a downward trend during the 11th week of the year, according to Marine Bunker Exchange (MABUX). In particular, the 380 HSFO index fell to US$471.61/MT, the VLSFO index decreased to US$641.41/MT and the MGO index declined to US$915.25/MT. The Global Scrubber Spread (SS) - the price differential between 380 HSFO and VLSFO - showed a firm decline in Week 11 - minus US$9.
  • Nokia provides The Ocean Cleanup project with wireless connectivity
    Nokia will provide The Ocean Cleanup, a global non-profit initiative working to create and expand technologies to rid the world's seas of plastic, with private wireless connectivity, network edge devices, and analytics. The first Nokia Digital Automation Cloud (DAC) private wireless solution for The Ocean Cleanup's operations in the North Pacific has already been effectively implemented by Nokia
  • COSCO Shipping Ports invests in Egypt's box terminal
    COSCO SHIPPING Ports Limited (CSPL) has announced its investment in 25% of the equity in Sokhna New Container Terminal, Egypt. On 15 March, Zhao Fengnian, chief accountant of the company representing CSPL, attended the signing ceremony in Cairo, Egypt, and signed the project agreement with the other partnering companies. This project is a new terminal built by the Egyptian government and will be
  • Drewry's World Container Index knocks January 2020 levels, but will the spring leave the winter far behind?
    The Drewry's World Container Index (WCI) dipped to US$1,791 on 16 March 2023, recording its 50 th week of dips over the last year. The rates have fallen on all routes further this week, with the transatlantic rates dipping to US$5,326. The rates on this route touched a high during the fourth quarter of 2022. But now they have fallen to a 20-month low, in a span of a quarter. Rates on the Shanghai
  • Singamas earnings plunge as box trade slips
    Singamas, the fourth largest container manufacturer, announced on 15 March that 2022 net profit fell 73% year-on-year to US$56.57 million as container trade slowed in 2H 2022 and there was an oversupply of containers. Revenue fell 33% to US$775.98 million. Turnover from Singamas' core business of manufacturing dry containers, was down 40% to US$610.09 million, as 242,000 dry boxes were sold in 20
  • MSC partners with Global Centre for Maritime Decarbonisation
    MSC and the Global Centre for Maritime Decarbonisation (GCMD) have signed a five-year Impact Partnership agreement. GCMD was formed as a non-profit organisation, is located in Singapore and seeks to assist the industry in reducing greenhouse gas (GHG) emissions by developing guidelines for future fuels and testing low-carbon solutions. MSC has pushed for the provision of a variety of alternative
  • THE Alliance stops Cape of Good Hope diversions
    THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in response to falling volumes. In November 2022, liner operators, primarily THE Alliance members, began detouring ships on the Asia-Europe route around the Cape of Good Hope, rather than the usual path through the Suez Canal. Alphaliner ha
  • FMC imposes nearly US$1 million fine against Wan Hai
    The Federal Maritime Commission (FMC) has confirmed a fine of US$950,000 against Wan Hai Lines. The Taiwanese box line has also agreed to refund charges in a detention and demurrage case which dates back to 2021. The carrier is accused of violating 46 U.S.C. ' 41102(c) by failing to establish, monitor, and implement just and fair rules and practices concerning the assessment of charges on contain
  • Is integration strategy one-way street for container carriers?
    The diversity of services and/or products that a company can provide can help in its financial results, according to Bronson Hsieh, former chairman of Evergreen and Yang Ming, two of the major global container carriers. Focussing on the transportation sector, Hsieh said that any shipping company which has a freight forwarding department or owns a freight forwarding subsidiary can gain profit from
  • Maersk pilots warehouse automation solution
    Maersk and BionicHIVE have been working for four months on a pilot designed to assess automation processes that sort, select and put away packages and can navigate warehouse floors using built-in cameras and sensors, moving between people and objects. According to Maersk, this product can climb on the existing warehouse racking to sort, pick and replenish cartons directly to/from any spot in the
  • PSA seeks bidders for its CK Hutchison stake; China giants among potential buyers
    Chinese state-owned giants, China Cosco Shipping Corp. and China Merchants Group, seem to be interested in acquiring PSA International Pte's minority stake in Hong Kong's CK Hutchison Holdings Ltd. According to a Bloomberg report, PSA is seeking approximately US$4 billion for its 20% share of CK Hutchison's ports assets, while the company is reported to have already begun early discussions with p
  • Transpacific capacity correction stronger than on Asia-Europe
    Asia-Europe capacity correction is not as strong as on Transpacific, according to Danish maritime data analysis company Sea-Intelligence, which reported that unlike on the Transpacific, where weekly scheduled capacity more than two weeks out (relative to the week of departure) was considerably higher than what was eventually deployed, there was no such trend on Asia-Europe. On Asia-North Europe,
  • Thordon Bearings supports containerised Aloft sail system
    Thordon Bearings, a designer and manufacturer of journal bearing and seal systems for the marine, renewable energy production, pump, and other industrial sectors, is providing its grease-free, self-lubricating ThorPlas-Blue bearing material to an innovative containerised wind propulsion system that is intended to decrease fuel usage and fossil fuel pollution across all commercial ship types. Acco
  • Bolloré Transport & Logistics announces new MD for 4PL subsidiary
    Jérôme Le Grand is the new managing director (MD)of PRISM, a 4PL subsidiary of Bolloré Transport & Logistics, and he will be responsible to develop the company and its network of operational hubs. Le Grand is a former vice president of Aerospace & Defense at Bolloré Logistics. In addition, he boasts 25 years of experience working for major players in the aerospace industry. He has worked within B

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Splash web site
MARCH 16, 2023
  • TEN cashes in on eight older tankers and fixes LNG carrier for 12 years
    Tsakos Energy Navigation (TEN) has taken advantage of the busy tanker sale and purchase market, cashing in on some of its older ships while also fixing one of its LNG carriers on a long-term charter in Asia. The New York-listed Greek owner confirmed previous Splash reports that it had sold six 2005-built MRs as well ...
  • Costamare puts money into Neptune Leasing
    New York-listed Costamare has agreed to become the leading investor in Neptune Maritime Leasing through an investment of up to $200m. The Jersey-based Neptune Leasing was set up in 2021 by veteran financier Harris Antoniou (pictured) with the Lastis family as anchor investor. The Greek boxship and bulker owner, with a fleet of nearly 120 ...
  • MSC gets onboard Singapore's decarbonisation drive
    Mediterranean Shipping Co (MSC) has partnered with the Singapore-based Global Centre for Maritime Decarbonisation (GCMD), committing to a five-year collaboration to accelerate decarbonisation of the shipping sector. As an impact partner, the world's largest containerline will provide cash contribution towards GCMD's pooled resources for pilots and trials. MSC will also take part in projects, allo
  • BIMCO pushes for 25% e-bills of lading usage across dry bulk sector by 2025
    International shipping organisation BIMCO has launched an initiative targeting 25% of annual dry bulk seaborne trades using electronic bills of lading (eBLs) by 2025. The so-called "25 by 25 pledge" is part of an ongoing effort to accelerate trade digitalisation and streamline the supply chain process in the bulk sector. "The wider adoption of electronic ...
  • Box lull sees change in global container flows
    The lull in box volumes is resulting in falling congestion and also in changes in container flows as reflected in the Container xChange Container Availability Index. The index, which measures the proportion of weekly import to export flows at ports around the world, shows that the share of imports from the total volumes handled at ...
  • Torm raids secondhand market, eyes further tonnage
    Denmark's Torm has announced a purchase of three secondhand MR tankers taking its fleet to 88 vessels on a fully delivered basis and additional bank financing for further growth. The New York and Copenhagen Nasdaq-listed product tanker owner said it had picked up the 2013-built trio in a deal that includes $48.5m in cash and ...
  • Nearly $5bn needed for ports to scale up UK floating wind
    Up to 11 ports around the UK will need to be transformed as fast as possible into new industrial hubs to enable the roll-out of floating offshore wind at scale, according to a new report by the Floating Wind Offshore Wind Taskforce. The report projected 34 GW of floating wind installed in UK waters by ...
  • Stena Bulk: Quietly confident
    Erik Hånell, the top man at Stena Bulk since 2012, remains as he puts it "quietly confident" that indications are good for this year and beyond, as the disruption of the last few years has taught him and the Swedish tanker player to approach the future with a "measured and even-handed approach". Newbuild contracting in ...
  • Prime Marine offloads three LRs
    Stathis Topouzoglou-led Prime Marine, a diverse Greek tanker player, has cashed in on the ongoing upturn, selling a string of LR tankers in the first quarter of the year. Sources tell Splash that fast growing Mumbai owner Gatik Ship Management has snapped up two ice-classed, 74,000 dwt tankers, the River Shiner and Emerald Shiner, both ...
  • JX Nippon to take over Japan Drilling
    JX Nippon Oil & Gas Exploration has reached an agreement with the funds related to Aspirant Group to acquire the entire issued share capital of Tokyo-based offshore driller Japan Drilling Company (JDC). The deal, expected to close by the end of April this year, will see Japan's sole offshore driller become a consolidated subsidiary of ...
  • Jacktel wins Equinor contract
    Norway's Jacktel has secured a new contract with Equinor for its accommodation jackup . The 2011-built unit will provide services to Draupner in the Norwegian North Sea for 10 months, starting October 2024. The contract is worth approximately $58m including mobilisation and demobilisation and gives Equinor options to extend the charter by up to six ...
  • Egypt signs major port deals
    Egypt has mapped out its next generation of ports across the country, signing deals yesterday worth $1.6bn to develop container terminals at Sokhna and Dekheila Hutchison Ports, CMA CGM, and COSCO Shipping have come onboard for a new terminal at Sokhna Port on the Red Sea, while Mediterranean Shipping Company (MSC) will partner with Hutchison ...
  • Kristin Holth and Marina Hajioannou join the board at Safe Bulkers
    New York-listed Greek dry bulk owner Safe Bulkers has expanded the size of its board to nine, adding the daughter of the CEO and a well-known name in banking to its ranks. The Polys Hajioannou-led company has added ex-DNB Bank executive Kristin Holth (pictured) as well as Marina Hajioannou to the board. Safe Bulkers currently ...
  • Wan Hai cops fine from the Federal Maritime Commission
    Taiwan's Wan Hai Lines has become the latest carrier to feel the wrath of the Federal Maritime Commission (FMC) in Washington DC, copping a $950,000 fine as well as agreeing to refund charges in a detention and demurrage case which dates back to 2021. Wan Hai invoiced a customer at least 21 times in the ...
  • Japan to California green shipping corridor pact signed in Tokyo
    The Japanese government has signed a letter of intent with the governor of California to establish a green shipping corridor over the Pacific. The agreement signed between governor Gavin Newsom and the Ministry of Land, Infrastructure, Transport and Tourism of Japan will also look to commercialise zero-emission fuels. "We applaud the newest collaboration between California ...
  • Canada's Cedar LNG receives environmental approval
    Canada's first Indigenous majority-owned LNG facility on March 14 received its environmental assessment certificate (EAC) from the British Columbia Environmental Assessment Office. On March 15, it also received a positive decision statement from the federal Minister of Environment and Climate Change. Cedar LNG is a proposed floating LNG facility located on Haisla Nation-owned land in ...
  • RWE Clean Energy formed in US through acquisition of Con Edison Clean Energy Businesses
    German multinational energy company RWE has closed its acquisition of all shares in Con Edison Clean Energy Businesses (CEB). New company RWE Clean Energy merges Con Edison CEB with RWE Renewables Americas. With its expanded renewables portfolio of 8 GW of operating assets and a project development pipeline of more than 24 GW, the company ...
  • DNV recovers from fleet management system ransomware attack
    DNV announced all users are back online on its dedicated ShipManager servers after the ransomware attack earlier this year. The Norwegian class society said it had to rebuild the server environment following the cybersecurity incident on January 7 and that the work to resume full scope of service is ongoing. Although around 1,000 vessels from ...

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Lloyd's List web site
MARCH 16, 2023
  • Is Credit Suisse crisis a case of déjà vu for shipowners?
    Half of Credit Suisse's shipping portfolio is lending to the Greek market
  • TEN confirms renewal moves as it basks in record profits
    Tsakos Energy Navigation's renewal in full swing: Eight tankers out, eight on order
  • ABS affiliate in partnership with Marlink on digital transformation
    ABS Wavesight and Marlink agree to collaborate on expediting digital transformation among shared client base
  • Genco chief on acquisition trail
    Following two years of outstanding earnings, company is exploring the potential to grow through a merger or large fleet acquisition...
  • Eighth capesize bulker sold for recycling
    Eight capesize bulk carriers have been sold for scrap so far this year compared with 14 units recycled during the...
  • EU to set up hydrogen bank under Net-Zero Industry Act
    The EU has launched the Net-Zero Industry Act to help boost local technology production to contribute to its climate goals...
  • Supply chain must collaborate on lithium-ion battery risk
    Batteries found in everything from watches to electric vehicles pose a high risk of severe consequences if they catch fire...
  • Torm adds to fleet after record earnings
    The company is aiming towards an earnings before interest, tax, depreciation and amortisation of $750m-$1.1bn this year as the strong...
  • Oil prices drop to 15-month low amid bank concerns
    Sharp sell-off in crude oil futures also weighed on bunker fuel prices amid expectations of higher supply in fuel oil...
  • Costamare becomes major investor in Neptune Maritime Leasing
    Latsis shipping family also upping its investment in Neptune
  • Questions over grain deal's extension as deadline approaches
    While the agreement stipulates the deal will be extended at intervals of 120 days, Russia has reportedly proposed the deal...
  • Wan Hai reports loss amid weak freight rates
    Wan Hai said currency fluctuations and poor freight markets contributed to quarterly loss
  • Matson plans LNG conversion of third boxship
    Company also plans to replace the main engine of a 2,800 teu boxships with a dual-fuel engine
  • Cosco and Hutchison Ports invest in Egyptian terminal
    Hutchison Ports' investment in Egypt will now be boosted to $1.5bn
  • Over 100 falsely flagged ships are trading in plain sight
    The problem of falsely flagged ships linked to fraudulent registries is not new, but it is growing and governments have...
  • MSC teams with GCMD to push shipping's decarbonisation
    The Global Centre for Maritime Decarbonisation and MSC have signed a five-year partnership agreement to decarbonise shipping
  • Shell approves Gulf of Mexico oil field development
    Offshore oil field expected to produce up to 21,000 barrels per day of oil equivalent per day at peak rates...
  • Daily Briefing
    Russia's bulk exports to Europe drop 60% | Sanctions take toll on Russian oil exports and revenue, says IEA |...

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The Journal of Commerce web site
MARCH 16, 2023
  • US draft legislation seeks to update OSRA-22, boost China scrutiny
    The bill would heighten transparency into regulatory penalties levied against ocean carriers and marine terminal operators and draw a sharp line on the involvement of China-based entities in US shipping.
  • CP-KCS could benefit from rising tide of cross-border freight from Mexico
    The combined railroad has an opportunity to divert more than 64,000 truck shipments to intermodal rail, according to S&P Global, but that's only the crest of a wave of US imports from Mexico.
  • Shipper group wants more FMC action on dwell fees, ERDs
    An advisory group created by the FMC two years ago is pushing the agency to act on several key issues, but some members have expressed frustration over the response from regulators.
  • As European recession fears fade, hopes build for restocking surge
    The European consumer goods and retail sectors are steadily working their way through excess inventory piled up at warehouses, with growing expectations of a second-half return of demand.
  • MSC makes moves to upsize, launch standalone services
    The 2M Alliance has closed one of its six Asia-North Europe services as MSC prepares for a wave of megaship capacity to be delivered in the next two months.
  • Shipwell arms 'underserved' smaller shippers with automated bidding tool
    Shippers that often use spreadsheets and small transportation teams to bid and execute freight shipments are the target of a new software tool from technology provider Shipwell.

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TradeWinds web site
MARCH 16, 2023
  • Investors hammer Tsakos Energy Navigation stock on ATM disclosure
    Jefferies analyst chides cash-rich owner for resorting to shares sales that encourage trading discount to tanker peers
  • MSC dragged into first-ever US regulatory dispute over $1,000 charge
    Federal Maritime Commission flexing new muscles in looking into charges levied on shippers
  • Seabourn sells oldest cruise ship to Mitsui OSK Lines
    Sale to Japanese shipowner comes as Seabourn plans to take delivery of newbuilding in the summer
  • China and India switch away from Russian oil may have prompted VLCC rally
    Lorentzen & Co and International Energy Agency suggest the two countries could be uncomfortable with their levels of Russian imports
  • Crew member killed as MISC FSO hit by water ingress
    Malaysian storage vessel suffered seal malfunction 207 km off Sattahip, Thailand
  • 'Over-reliance on automated routeing could lead to sinkings' warns weather forecaster
    Unchecked AI-based forecasting could lead to a disaster like the El Faro sinking, claims Weathernews executive Jesse Vecchione
  • Niels Stolt-Nielsen staying on for now as hunt for successor enters second year
    Transition was always going to take time, tanker group's boss says
  • Tsakos Energy marks 20th NYSE birthday with big record profit
    The Greek owner is optimistic that the tanker bonanza is here to stay
  • Pyxis boss Valentis says high tanker prices making expansion 'challenging'
    Greek owner will bide its time before entering secondhand market
  • Shell performed 250 ship-to-ship LNG bunkering operations in 2022
    Company's LNG imports to Europe were almost five times higher last year, its energy transition report reveals
  • US crude prices: VLCC rates set fair on world's longest route
    Analysts believe new global oil demand forecast could keep long-haul cargoes flowing from the US to China
  • Streetwise: Burned investors hit back at Maxim-linked shipowners' serial dilution
    This week's shipping finance newsletter takes a look at investor backlash against several public shipowners who have repeatedly sold equity through the Maxim Group, spurring significant losses
  • Heavylift specialist Mammoet put up for sale by Dutch owners
    Dutch conglomerate SHV says new owners are needed to enable the company grow
  • UK tonnage tax window swings open for first time in 18 years
    Government allows owners who left regime to return
  • Heavylift specialist Mammoet put up for sale by Dutch owners
    Dutch conglomerate SHV says new owners are needed to enable the company grow
  • Shell performed 250 LNG ship-to-ship LNG bunkering operations in 2022
    Company's LNG imports to Europe were almost five times higher last year, its energy transition report reveals
  • Credit Suisse saved for now, but what future as the biggest lender to Greek shipping?
    Will it retreat or double down? Swiss banking giant's travails leave market guessing
  • Shipowners pile into methane abatement in maritime group
    New group doubles its membership as it limbers up for trials of new methane measurement technology on ships
  • Older tankers trading for longer? SSY says it's a possibility
    Although ordering is outpacing last year, it is all replacement tonnage, shipbroker says
  • MR rates jump 40% across the Atlantic as ships leave for greener pastures
    Tonnage has been drawn away from Europe, leaving a tighter supply this week
  • Sanctions balancing act leaves shipping hamstrung as the US pulls levers
    Washington says sanctions have slowed the Russian war machine but crude and products cargoes must keep moving
  • Torm eyes $1bn profit for 2023 as tanker rates rocket
    Shipowner also reveals 'whopping' dividend of $212m in record fourth quarter
  • World's biggest container ship MSC Irina enters service
    Delivery comes as weak demand leads 2M partners to ditch a major Asia-Europe service
  • Torm lines up more secondhand buys as it fixes financing of $556m
    Fresh from adding 10 tankers this year, Danish owner has the financial power for more
  • MR feeding frenzy continues as Torm snaps up tankers for $97m
    Danish owner adds three 2013-built vessels built in South Korea
  • Hutchison Ports expands footprint in Egypt with $700m investment
    Hong Kong-based terminal operator takes spending in the nation to $1.5bn
  • MSC throws weight behind Singapore-based GCMD
    Swiss liner giant to provide cash and vessel access as part of five-year partnership with Lynn Loo-led organisation
  • Volvo spin-off PowerCell has big ambitions for fuel cell-powered ships
    Swedish fuel-cell developer sees synergy from aviation and road development fast forwarding the scale-up of marine propulsion after Norway ferry deal
  • European shipping still vital to moving Russian oil, tracking data shows
    Greek operators remain key to hauling Russian oil after several rounds of sanctions and price caps
  • Marlink and ABS Wavesight to team up delivering software to ships
    Unique partnership is becoming possible as costs of connectivity fall
  • NEOT and Terntank extend decade-long decarbonisation journey with latest charters
    Two Scandinavian companies build on decade-long relationship to decarbonise shipping

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American Shipper web site
MARCH 16, 2023
  • FedEx readjusts air network again amid sharp volume declines
    FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
  • Could future supply chain crisis hit diesel shipping, not containers?
    Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
  • Air cargo market may not improve even if economy does
    A multitude of mixed economic signals make it difficult to predict a recovery in air cargo business this year. Even if global trade picks up, the lion's share of shipments will go by ocean.

››› File
FROM THE HOME PAGE
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
New historical record of monthly container traffic in the port of Long Beach
Long Beach / Los Angeles
In October, strong growth in Los Angeles climbing activity.
Italian Port Days initiative obtains EMD certification of the European Union
Rome
The attestation for contributing to the valorisation of sustainability in the Blue Economy with concrete actions
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
ZIM records excellent quarterly economic performance driven by noli uptick and activity with Latin America
Haifa
The fleet transported a record number of containers
In the third quarter, the Viking cruise group's revenues grew by 11.4% percent.
Los Angeles
Increase of 14.3% of turnover generated by ocean cruises
Signed the final agreement on the contract of port workers
Rome
Italian Antitrust initiates an investigation into SAS (MSC group), Moby and Large Navi Fast
Rome
According to the AGCM, competition restrictions may have occurred as a result of the 49% acquisition of Moby's capital by SAS.
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
T&E highlights the need to also count the well-to-tank emissions for LNG used by ships
Brussels
Total greenhouse gases produced would be more than 30% higher than those considered by the FuelEU Maritime Regulation
DFDS and Ekol are rethinking and agreeing on the sale of the Turkish company's international network to the Danish group
Copenhagen / Istanbul
Revised the terms of the deal expired on the first November
Slight downturn in freight traffic in the port of Hamburg in the third quarter
Hamburg
Stable container traffic
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Cargotec agrees to the sale of MacGregor to funds managed by Triton
Helsinki
Sale of the value of 480 million that is expected to be completed by the first half of 2025
In the July-September quarter freight traffic in the port of Koper increased by 8.3%
Lubiana
In the first nine months of 2024, the increase was 3.2% percent.
Ok of Ukraine's antitrust enforcement at the entrance of MSC in the capital of HHLA terminalist company
Kiev
The company operates the CTO terminal of the port of Odessa
Inaugurated the new Peruvian port of Chancay operated by China's COSCO Shipping Ports
Lima
Has 1,500 linear metres of docks
More than doubling the value of new orders acquired by Fincantieri in the first nine months of 2024
Trieste
The sunshine committed for shipbuilding grew by +154,3 percent.
Established the Ship Recycling Alliance to speed up the recycling of safe and environmentally friendly ships
Copenhagen
The initiative in view of the entry into force on June 26 of the Hong Kong International Convention
Kuehne + Nagel will acquire 51% percent of the capital of American IMC Logistics
Schindellegi / Collierville
US company mainly operates drayage services
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
In the third quarter of this year, Hapag-Lloyd's revenues grew by 28.2%
Hamburg
Increase of 3.8% of containers carried by the fleet. Average value of nils up 22.9%
In the third quarter freight traffic in the port of Genoa decreased by -4.9% percent while in Savona-I went up by 15.7% percent.
Genoa
Decided increase in transshipment containers determined by the Red Sea crisis. Down the cruises
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
In the third quarter, HMM revenues increased by 67% thanks to the 83% growth in the container segment
Seoul
+116% increase in the value of the average nole per container transported
Evergreen's quarterly financial performance hike
Evergreen's quarterly financial performance hike
Taipei
Taiwanese company invests 186.8 million to buy new shipping containers
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
In the third quarter, container traffic at the Eurokai port terminals grew by 9.9% percent.
Hamburg
In Germany (Eurogate) the increase was 13.6% percent. In Italy (Contship Italy) of 6.8%). Slowing growth at Tanger Med. Damietta terminal will become operational in April
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
The Analysis of the Fedespea Studies Centre on economic and operational performance of Italian container terminals
Milan
GNV strengthens its business department with two nominees
Genoa
New business manager and new general manager of the company in Spain
On the former Carbonyl of the Port of Genoa, the yards of the foranea dam and the subport tunnel
Genoa
The AdSP Management Committee deliberated it yesterday.
In Genoa, the Graduation Day of the Italian Academy of Mercantile
Genoa
Delivered 50 diplomas at the end of the biennial and three-year formative course
On November 27 in Rome, the public assembly of UNIPORT will be held
Rome
Meeting on the theme "Italian Ports, a network of businesses in the service of the country and of Europe"
Roberto Nappi, founder and director for 40 years of "Corriere Marittimo", has died.
Genoa
His career had begun at the writing of the Telegraph in 1958
New EU sanctions to prohibit the use of ships and ports for the transportation of drones and missiles produced by Iran
Brussels
Masucci confirmed president of Italian Propeller Clubs
Genoa
New mandate for the three years 2024-2027
The seamen of the Galaxy Leader have been hostage for a year
London / Hong Kong
Platten (ICS) : It is unacceptable ; humanity prevails and they are immediately released
MSC will implement a markup of noli for maritime transport from the Far East to the Mediterranean
Geneva
Increases of 25% and 18% for containers from 20 'and 40' direct in the western Mediterranean and Adriatic
Completed the dual-fuel retrofit of a large container ship in Maersk
Copenhagen
He will be able to navigate methanol. Increased the hold capacity
Environmental authorization of the Region to dredging the quays from 19 to 26 of the port of Ancona
Ancona
The intervention will cost a total of 16.5 million euros.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Intermodal shipments between the port of Trieste and Slovakia are growing
Trieste
In the third quarter the container traffic handled by HHLA dropped by -2%
Hamburg
In Trieste the volumes processed by PLT Italy in the first nine months of 2024 have decreased
In October container traffic in the port of Hong Kong grew by 0.7%
Hong Kong
In the first ten months of 2024, a decline of -5.2%
In the July-September quarter freight traffic in the port of Civitavecchia fell by -11.8%
Cyvitavecchia
The Cruserists increased by 2.7%
Last month the port of Singapore handled 3.5 million containers (+ 8.1%)
Singapore
In the first ten months of 2024, growth was 6.2% percent.
MSC has completed the acquisition of the majority of logistics company MVN
Geneva / Milan
The Milanese business plans to close 2024 percent with a turnover of 100 million euros.
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
In the summer quarter passenger traffic in the cruise terminals of Global Ports Holding grew by 27.5%
Istanbul
Revenue up 23%
SDC freight forwarder introduced artificial intelligence in the management of customs practices
Venice
Annually the practices followed exceed 15mila units
The sale of the shipping company Santandrea from the Pacorini to Aprile
Trieste
The company was founded in 1989 in Trieste
Port of Gioia Tauro, the memorandum of understanding for security in working environments and port operations
Joy Tauro
Will have a duration of three years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
Conference of Assiterminal entitled "Ports in Connection-ESG, IA, CSRD"
Genoa
It will be held on December 5 in Rome
››› Meetings File
PRESS REVIEW
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
Argentina enfrenta tarifas portuarias hasta 500% más altas que otros países de la región
(Pescare)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Paola Piraccini appointed as Legal Technical Collaborator of Spininvest
Genoa
Joined in magistrate in 1981, he is a retired cassation adviser
The meeting in Rome between the representatives of Italian ports and ports in Florida
Rome
Expect a comparison to find common themes on which to set up a benchmarking task
This year the Cruserists in the port of Ancona have grown by 18.9%
Ancona
25.1% increase in transits and drop by -5.1% of landings and embarkation
Changed Risso constitutes a joint venture in Cagliari
Cagliari / Genoa
Partnership at 50% with Fausto Saba and Riccardo Vargiu
Ok to the 2025 forecast budget of the AdSP of the Tyrrhenian Sea Centre North
Cyvitavecchia
It presents a surplus of more than 2.5 million euros
In Palermo, the first sheet of the new ferry for the Sicilian region was cut off.
Trieste / Palermo
The delivery of the ship is scheduled for 2026
Global Ship Lease's quarterly revenue records show the first decrease since the end of 2018
Athens
The company believes that its container fleet has very good future prospects of employment
DP World signs an agreement to buy Australian Silk Logistics
Dubai / Melbourne
The expected value of the transaction is approximately 115 million
A worker has passed away in the port of Crotone
Joy Tauro
He would suddenly go down to the ground while talking to some colleagues
Torbianelli : well the ok of CIPESS in financing the future Molo VIII of the port of Trieste
Trieste
Of the estimated 315 million euros, 206.9 are expected by the state
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