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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
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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