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01 July 2025 - Year XXIX
Independent journal on economy and transport policy
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March 21, 2023

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Exim India web site
MARCH 21, 2023
  • HAROPA PORT presents its Green Corridor & infrastructure investment opportunities during India visit
  • A.P. Moller-Maersk launches Europe-China air freight service to add further agility to customer supply chains
  • DP World to launch new air cargo logistics hub in Dominican Republic's Punta Cana
  • IMU, NIAS discuss 'One World, One Ocean' under G20 University Connect in Chennai
  • Renault Nissan Alliance signs agreement with Kamarajar Port to enhance car exports
  • A. P. Moller-Maersk to divest Maersk Supply Service
  • Withdrawal of oil jetty at DPA
  • Initiative launched to boost use of electronic bills of lading in bulk sector
  • COSCO SHIPPING Ports takes 25 pc equity in Sokhna New Container Terminal
  • APM Terminals Gothenburg to double reefer container capacity & streamline PTI service
  • ONE's revamped service network from Singapore to South Philippines
  • MOL PLUS opens 'MOL PLUS Singapore Desk'
  • Imports of non-essential goods to be cut
  • Revised fuel surcharge at Gangavaram Port
  • IRS to provide Quality Assurance services for refit of Indian Navy submarine
  • Dighi Port revised berthing policy & tariff structure
  • DBGT, Tuticorin handles first direct call from West Africa as raw cashew import season begins

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International Transport Journal web site
MARCH 21, 2023
  • Three for Logport III
  • Albatros-Express network grows
  • PSA Group - "commendable performance"
  • From C.H. Robinson to Girteka
  • Ho Chi Minh office to support energy projects
  • EU's flagship hydrogen truck project kicks off
  • Latam Cargo: one more Boeing 767BCF
  • Big investments for Hutchison Ports
  • First e-trains for India's Northeast
  • Expanded booking platform for quick decisions
  • Apollo-led investors complete Atlas transaction
  • ITIC picks Jeff Woyda as new chairman
  • Feasibility study at Stockholm Norvik Port
  • Port Vell's transformation plans until 2024
  • A cross-industry project to measure emissions
  • "Curiosity of the Day"
  • Chapman Freeborn: 45% of the staff now women
  • Globalisation continues undeterred
  • DP World to launch new air cargo logistics hub

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The Loadstar web site
MARCH 20, 2023
  • Billund sees launch of Maersk Air China link - 'a start-up on steroids'
  • New Delhi launches massive multi-textile park project to boost exports
  • Post-Credit Suisse: supply chain health check
  • West coast ports suffering as US container imports plunge by 37%
  • Chassis problems likely to flare up again when volumes rise, warns ITS
  • Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
  • Walloon government backs Liege Airport permit expansion plan
  • OceanX: All (crisis) dots now connected

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Marine Log web site
MARCH 20, 2023
  • Viridis on track to place orders for first ammonia-fueled bulkers
    Ammonia-fueled shipping startup Viridis Bulk Carriers AS - a joint venture between two Norwegian shipowners, Navigare Logistics and Mosvolds Rederi, and zero emission ship project specialists Amon Maritime - is a step
  • BV to class double-ended ferry duo
    Bureau Veritas is to class two 64.8 meter long, 1,000-passenger capacity, double-ended ferries ordered by Hong Kong's Sun Ferries. Designed by Netherlands-based CoCo Yachts and built by YaGuang Technology Co. Ltd in
  • Maersk Supply Service to get a new parent
    In a "keep it in the family" deal, publicly-listed A.P. Moller - Maersk (Maersk) has reached an agreement that will see privately-held A.P. Moller Holding, the parent company of the A.P. Moller
  • Port of Los Angeles sees 43% drop in February container volumes
    Plunging February container volumes at the Port of Los Angeles underscore the point that container shipping giants such as Maersk made in making their forecasts for 2023: booms don't go on forever.

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Container News web site
MARCH 20, 2023
  • Valencia reaches 600,000 vehicles in last year, leading Spanish ports in vehicle traffic
    Port Authority of Valencia (PAV) saw 600,000 vehicles in 2022, translating to an important 22% growth compared with the figures in the previous year. That means that Valenciaport handled one out of every five new unregistered vehicles in the Spanish port system, being at the head of this type of traffic among the ports of interest in Spain, ahead of Barcelona, Vigo and Santander. Barcelona operat
  • PMA-ILWU negotiations derail NWSA container volumes
    Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, reported lower total container volumes in February, compared with the same month last year. In particular, NWSA noted a 24.3% decline in February box volumes, reaching 225,747 TEUs with full imports decreasing by 34% as imports continue to struggle due to ongoing soft demand and uncertainty
  • The Benefits of Having a Regular MERV Filter Replacement Schedule for Your Home
    Are you someone who regularly changes your home's air filters? If not, you might want to consider doing so! There are actually quite a few benefits to having a regular MERV filter replacement schedule for your home. For one, it can help improve the quality of your indoor air. But that's not all - changing your filters on a regular basis can also help lengthen the lifespan of your HVAC system and
  • Piraeus Port Authority reports record revenue and profits in 2022
    Piraeus Port Authority (PPA) has achieved a consecutive year of growth with a turnover of approximately US$208 million compared to around US$165 million in 2021, while its profits before taxes amounted to approximately US$80 million compared to around US$52 million in the fiscal year 2021. Additionally, PPA's profits after taxes exceeded US$55 million, indicating an increase of 43.9% compared to
  • Hutchison Ports to spend US$700 million to develop container terminals in Egypt
    Hutchison Ports will invest around US$700 million in Egypt's major port, Ain Sokhna Port, and in a new container terminal in the Port of Alexandria, B100. After the completion of the two recent projects, the total investment of the global port operator in Egypt will exceed US$1.5 billion. The investment includes the development of a new container terminal in Ain Sokhna Port with a capacity of 1.7
  • Torgmoll operates new direct container service from China to Russia
    Torgmoll, a Chinese transport and logistics company, will operate a new regular direct box service from China to the First Container Terminal (FCT) based in Russia's Big Port of St. Petersburg. Five specialised container vessels with an average capacity of 2,500 TEUs will be deployed on the service, which will be made twice a month. The port rotation of the service is Qingdao (China) - Shanghai (
  • Peel Ports acquires HES Humber Bulk Terminal
    United Kingdom's port operator Peel Ports Group has completed the acquisition of HES Humber Bulk Terminal for an undisclosed amount of money. Peel Ports has acquired the business from specialist bulk terminals operator, HES International, headquartered in Rotterdam, to expand its presence to the UK's East Coast. The acquisition also means that Peel Ports will now operate across eight key location
  • Hapag-Lloyd increases freight rates from Asia to Latin America
    Hapag-Lloyd announced a new General Rate Increase (GRI) from Asia to the West Coast of Latin America, Mexico, Caribbean and Central America. The German carrier said that for cargo transported in 20' and 40' dry containers, including high cube equipment and 40' non-operative reefers, the following rate increase will take effect from 1 April and will be valid until further notice. 20' Dry Container
  • Chittagong port to receive larger vessels
    The Chittagong Port Authority (CPA) officially invited larger ships to take a berth in its jetties, to enhance productivity, leading to low import costs of cargo benefiting the consumers. By issuing a circular on 19 March, the CPA said, from now on, ships of 200-meter long and 10-meter draft will be able to take berth at the jetties. "...vessels having LOA (length overall) up to maximum 200-meter l
  • A. P. Moller - Maersk to divest Maersk Supply Service
    A.P. Moller - Maersk has agreed to divest Maersk Supply Service (MSS), a supplier of worldwide offshore maritime services and project solutions for the energy industry, to A.P. Moller Holding, the parent company of the A.P. Moller Group. Maersk launched a new combined transportation strategy in 2016, as well as a split of the current energy-related operations. Maersk Tankers, Maersk Oil & Gas, an
  • DP World launches new air cargo logistics hub in Dominican Republic
    DP World and Grupo Puntacana joined forces to develop a new air cargo logistics hub in Punta Cana, Dominican Republic. The new facility is being created through an agreement between DP World and the Punta Cana Free Trade Zone (PCFTZ), a company of Grupo Puntacana. The new facility will include a new logistics centre and infrastructure platforms capable of supporting multimodal air, land and sea c
  • UK Major Ports Group appoints new CEO
    The UK Major Ports Group (UKMPG), the trade association for the UK's major port operators, has appointed former UK government special adviser Geraint Evans as the new chief executive officer. Evans will join the UKMPG in May 2023, from the global consulting firm, Stonehaven where he was a Partner. Prior to Stonehaven, Evans served as a special adviser under three UK's prime ministers, David Camer
  • Maersk upgrades Oceania service
    Maersk has announced that its Polaris service will be upgraded to a weekly service, effective from April. The Danish ocean carrier said the Polaris service connects New Zealand with Australia and the service upgrade will provide an improved Trans-Tasman connection and increased product flexibility by enabling New Zealand cargo routings over Australia, as well as Lyttelton on our extensive Oceania
  • How to Win at E-Commerce Delivery: 9 Fascinating Insights into Consumer Preferences and Expectations
    E-commerce delivery is a hot topic in marketing, and it's not hard to see why. Customers will leave you behind if you must deliver your products on time. But what's even more important than just getting orders delivered is ensuring they arrive safely and in perfect condition! In this post, we'll look at nine fascinating insights into consumer preferences and expectations regarding e-commerce deli
  • How Do You Factor Freight?
    Cash flow is everything when you are in the trucking business. After all, you must keep your truck on the road, so your business keeps moving, which takes money. According to Simplex Group , cash flow issues are relatively common in this industry as freight shippers might take 30, 60, or 90 days to be paid after delivering a load. When you're running a business, this can be rather inconvenient in
  • Maersk's new air freight service to connect Denmark with China
    A.P. Moller - Maersk announced the inaugural flight of its new air freight service with scheduled flights between Billund, Denmark (BLL) and Hangzhou, China (HGH). The scheduled Eurasia operation is scheduled to commence today (20 March) with three weekly flights introducing the first of three newly converted Boeing 767-300 freighters that have recently been purchased for Maersk Air Cargo. All Eu
  • Los Angeles sees container downturn in first months of 2023
    The Port of Los Angeles handled 487,846 TEUs in February, translating to a 43% drop from the all-time high in the same month last year. The Californian port's loaded imports totalled 249,407 TEUs, a 41% decrease from the previous year, and loaded exports reached 82,404 TEUs, a 14% decline from the last year. Meanwhile, empty containers totalled 156,035 TEUs, which represents a 54% year-on-year fa

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Splash web site
MARCH 20, 2023
  • Castor Maritime nets $4.4m on sale of elderly panamax bulker
    Cyprus-based Castor Maritime has sold its 2007-built panamax bulk carrier to an unrelated third party for $12.6m. The Nasdaq-listed bulker and boxship owner said it plans to deliver the 73,600 dwt vessel during the second quarter of 2023 and record a net gain of $4.4m. Castor owns a fleet of 22 vessels, the majority of ...
  • Samsung Heavy and Kongsberg Maritime move to develop autonomous LNG ships
    South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian marine technology firm Kongsberg Maritime have penned an agreement to jointly develop a design for an autonomous 174,000 cu m LNG carrier. The two parties will leverage the latest remote autonomous and low-emission technology, with SHI acting as a system integrator with overall design responsibility, while ...
  • Pankaj Khanna's Heidmar to go public in merger with blank check company Home Plate
    Heidmar has decided to go public via a merger with a blank check company. The Athens-based tanker pool specialist said it plans to merge with Home Plate Acquisition Corporation, a US-based special purpose acquisition company led by Dan Ciporin and Jonathan Rosenzweig, and have the combined business listed on Nasdaq. The pro forma equity value ...
  • Maersk sells Maersk Supply Service to A.P. Moller Holding for $685m
    Danish shipping giant Maersk has reached an agreement to divest its offshore energy contractor Maersk Supply Service to A.P. Moller Holding, the parent company of its owner A.P. Moller Group. The transaction has an enterprise value of $685m and includes a wind installation vessel under construction in Singapore by SembCorp Marine. Founded in 1967, Maersk ...
  • Jiangsu Steamship focused on building cape arm
    This week brokers have reported a string of cape sales with Jiangsu Steamship one of the most active buyers of vintage capes in China, adding its fourth big bulker. The Chinese outfit has for the second time in two months laid down the winning bid for a vintage cape up for sale. Sources tell Splash ...
  • AMPTC returns to South Korean yard for VLGC duo
    Arab Maritime Petroleum Transport Company (AMPTC) has returned to its shipbuilder of choice, Hyundai Heavy Industries (HHI), with an order for a pair of very large gas carriers. Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy, revealed the order in a regulatory filing on Monday. The ships will be delivered ...
  • Cameroon's role in the fast-growing dark fleet exposed
    S&P Global Market Intelligence has become the latest firm to put a figure on the scale of the so-called dark fleet, the growing list of ships operating in contravention of sanctions in place against countries such as Iran, Venezuela and Russia. The New York-based company, one of the largest shipping data providers in the world, ...
  • UK oil and gas operators face a 'tsunami' of industrial unrest as 1,400 offshore workers ready to down tools
    Dozens of UK North Sea oil and gas platforms could be brought to a standstill as hundreds of offshore workers prepare to take strike action. Unite the union announced that major oil and gas operators in the UK Continental Shelf face a 'tsunami' of industrial unrest within weeks as around 1,400 offshore workers across five ...
  • GoodBulk offloads cape pair as dry bulk S&P overtakes tanker sector
    GoodBulk is taking advantage of the revived dry bulk S&P scene with this week's broking reports reporting more bulker sales than tanker sales for the first time in 11 weeks. Eight capes have been reported sold over the weekend with John Michael Radziwill's GoodBulk listed selling two ships. Monaco-based GoodBulk is widely reported cashing in ...
  • Philippine oil spill spreads to one of the nation's richest marine biodiversity areas
    The oil spilled by the sunken Princess Empress product tanker has reached the shores of Isla Verde along the marine biodiversity-rich Verde Island Passage (VIP), the Philippine Coast Guard said today. The marine corridor is home to 1,700 fish species, 300 coral species and 36 marine protected areas. The ship sank on February 28 in ...
  • Newbuild prices picking up
    Newbuild prices are on the way back up. Prices for new ships plateaued briefly for a couple of months towards the end of last year, but have been pushing back up since December. According to data from Clarksons Research, newbuild prices have increased by 2% in the year to date following rises of 5% in ...
  • Centrica teams with France's Lhyfe for UK offshore green hydrogen pilot
    UK energy supplier Centrica has joined forces with French renewable hydrogen producer Lhyfe to develop offshore renewable green hydrogen in the UK. Under a memorandum of understanding, Lhyfe and Centrica will explore combining their expertise to collaborate on a pilot green hydrogen production site in the Southern North Sea. The pilot will aim to ensure ...
  • Akastor sells engineering consultancy and software unit AGR to ABL Group
    Norwegian oil-services investment company Akastor has sold its engineering consultancy and software firm AGR to energy and marine consultancy ABL Group in a cash-and-stock deal. The deal will see Akastor become a shareholder in ABL. The transaction values AGR at NOK262.5m on a cash and debt-free basis. The equity purchase price of NOK 352.9m will ...
  • Argeo awarded Scottish floating wind site survey contract
    Norway's Argeo has won a contract from Stromar, a consortium made up of Ørsted, Renantis and BlueFloat Energy, to carry out geophysical survey in the project's development area, located in the Moray Firth off the coast of Scotland. The Stromar offshore floating wind farm covers an area of 256 sq km and the project aims ...
  • UBS assumes leading Greek ship finance position with Credit Suisse takeover
    UBS has taken on a very significant shipping portfolio following yesterday's emergency takeover of compatriot bank Credit Suisse. UBS came to the rescue of troubled Credit Suisse yesterday in a $3.15bn government-backed deal to avert financial disaster. UBS has not had a strong shipping focus previously, something that has changed overnight with the Credit Suisse ...
  • Black Sea Grain Initiative renewed
    The United Nations said on Saturday that the Black Sea Grain Initiative has been renewed, allowing for grain exports from three Ukrainian ports. The length of the extension remains unclear. "The Black Sea Grain Initiative, signed in Istanbul on 22 July 2022, has been extended," the UN said. Ukrainian officials suggested that the shipping deal ...
  • AD Ports signs multiple agreements in Egypt
    Abu Dhabi's AD Ports Group has signed a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a memorandum of understanding (MoU) and three head of terms (HoT) concerning ports located in Egypt's Red Sea region and the Mediterranean Sea. These agreements allow ...
  • Energy market disruption sees coal cargoes fire up capesize demand
    Europe's ban on Russian coal is seeing cargo travel much longer distances, nearly doubling shipping demand and boosting vessel sizes, writes Plamen Natzkoff from Maritime Strategies International. Capesize freight rates are set for a period of upside volatility as the fallout from the war in Ukraine continues to spread across the energy markets. In its ...
  • NTSB completes investigation of 2022 collision in Mississippi
    In March 2022, the mobile offshore drilling unit VALARIS DS-16 broke away from the dock at the ST Engineering Halter Marine and Offshore Shipyard in Pascagoula, Mississippi, then drifted across the Bayou Casotte channel, and collided with the bulk cargo vessel Akti moored at the Chevron Refinery dock no.6. There were no injuries or pollution ...
  • Eni makes new oil discovery in Gulf of Mexico
    Italian energy company Eni has discovered oil in the Yatzil exploration prospect in Block 7, located in the mid-deep water of the Cuenca Salina in the Sureste Basin in the Gulf of Mexico offshore Mexico. According to preliminary estimates, the new finding may contain around 200m barrels of oil (MBoe) in place. Yatzil-1 EXP is ...

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Lloyd's List web site
MARCH 20, 2023
  • Sustainable biofuels and hydrogen can help shipping cut emissions, says IPCC
    UN climate body suggested clear goals, coordination across multiple policy domains and inclusive governance processes facilitated effective climate action
  • The week in charts: Russia's bulk exports to Europe drop 60% | Boxship recycling dominated by feeder ships | US-sanctioned ships don't lose flag for long
    Over 100 falsely flagged ships are trading in plain sight, prices of over $600 per light displacement tonne are now...
  • Flags refute claims as ITF vows crackdown on 'substandard shipping'
    Vessels flying Togo, Sierra Leone, Palau and Cook Islands flags will undergo increased inspections in the Mediterranean during the coming...
  • Safe Bulkers doubles down on share buybacks
    Move comes after sale of kamsarmax as part of fleet renewal strategy
  • UK lawmakers call for greater clarity on maritime strategy
    UK politicians call for investment in new technology, cleaner fuels and workforce training
  • Heidmar eyes Nasdaq listing after merger deal
    Pankaj Khanna-helmed operator is looking to expand in dry bulk, technical management, and sales and purchase brokering
  • China doesn't matter for dry bulk, says Clarksons
    Demand growth for grain and coal seaborne trade 'more than enough' to support industry, shipbroker tells New York's Capital Link...
  • One person still missing after fatal crane collapse in Israel
    A crane collapsed and damaged a section of the jetty after high winds and hailstorm hit the Ashkelon coal terminal
  • Maersk sells offshore service unit to parent company
    Maersk Supply Service to continue trading as a subsidiary of AP Moller Holding
  • The week in newbuildings: Suezmax tankers in vogue
    Crude oil tankers are making a comeback with two shipowners each having signed up for suezmax units
  • Ukraine grain deal extended for second time
    There is agreement that the grain deal will continue in the short term, but Ukrainian and Russian government officials are...
  • Gard pushes down combined ratio to 81%
    Norway-based IG affiliate reports best technical performance in well over a decade
  • MOL start-up fund opens Singapore desk to accelerate tech investment
    The fund opened its first overseas desk in London last year
  • Shell to explore LNG shipping for regasification in deal with GAIL
    Indian state-owned integrated oil and gas company has been looking to expand its LNG and ethane portfolio
  • Thailand mounts operation to contain oil spill from storage tanker
    To date, no impacts to the environment or sea life have been reported from this incident, according to vessel owner...
  • Samsung Heavy teams with Kongsberg Maritime to develop automatous LNG carriers
    Builder expects the next-generation ship will reduce operational risk and cost for its customers' fleets
  • CDB Leasing ship assets grow despite regulatory headwinds
    Ship leasing remains a major profit contributor with the highest return on assets ratio among other segments of the Chinese...
  • Daily Briefing
    US-sanctioned ships don't lose flag for long | Compliance with the law is not optional. Even for P&O Ferries |...

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The Journal of Commerce web site
MARCH 20, 2023
  • FedEx Freight cuts costs but improves profit as US LTL volumes shrink
    With 'every dollar under scrutiny,' FedEx Freight is squeezing its trucking division, gaining financial improvements that better position the carrier for the next economic rebound.
  • ILWU job action causing terminal gate delays in Los Angeles-Long Beach: PMA
    Longshore workers represented by ILWU Local 13 are refusing to stagger their meal breaks at the ports of Los Angeles and Long Beach, resulting in periods when no work is being done on the docks, says the Pacific Maritime Association.
  • Air cargo market weakens as capacity floods into service on major trades
    In addition to long-haul passenger aircraft with significant belly freight capacity coming back into service to capture growing travel business, several airlines are adding freighters to the major trade lanes.
  • Heavy-deck demand faltering, but long-term outlook remains strong
    Despite a temporary lull, heavy-deck carriers and industry analysts see a "mind-boggling" outlook for global offshore wind demand.
  • Not all recent import share loss on West Coast is permanent: analyst
    As the US West Coast's share of import TEU has fallen in recent years, analyst Larry Gross notes there is an important difference between declines due to sourcing location changes and declines due to loss of share by region.

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TradeWinds web site
MARCH 20, 2023
  • Tanker owners see older ships trading in absence of charter-backed newbuildings
    With a low orderbook, charterers may have to get used to using older ships to move oil and oil products
  • Feet to the flame: how five analysts break down their favourite 2023 stock bet
    Most stockpickers agree on one sector, but some favour a gassy twist
  • Seanergy's chief executive bullish on capesize bulkers for 'a number of reasons'
    The United Arab Emirates' $1.5trn investment in infrastructure to 2030 is 'underplayed and underexplained' in shipping, Stamatis Tsantanis says
  • LNG carrier supply side depends on where cargoes are going and where production starts up
    There are plenty of LNG carriers set to hit the water in the coming years, but can the market absorb them all?
  • US regulators not thinking about what happens if Russia ends Ukraine invasion
    Sanctions official says US would be open to rolling back sanctions, but not considering it right now
  • Bank woes not likely to menace ship lending, but roiling capital markets
    'Shipping is a relatively small part of most banks' portfolios,' says Citi's Michael Parker
  • Greece 'to support' Turkey's candidate for IMO leadership in blow to Cyprus
    'Earthquake diplomacy' and UN voting deal sees traditional rivals aligning over maritime regulator
  • 'Misleading and false': furious flag states hit back at ITF over crackdown
    Togo, Palau and Sierra Leone mount passionate defence of their records after being branded among 'worst' registers operating in the Mediterranean
  • Banking turmoil will not affect tanker fortunes, says NAT's Herbjorn Hansson
    Nordic American Tankers CEO says tanker orderbook was much larger during the last banking crisis
  • Piraeus office helps Britannia P&I get close to Greek shipowners
    The conservative UK insurer has made great gains in Athens since it reached out with a local outpost
  • Castor sells first bulker for a profit after huge acquisition spree
    Serial buyer has turned seller with the disposal of panamax
  • Navigator reveals $200m loan as it remains stuck with Russian charters
    US-listed LPG carrier owner refinances 2023 maturities but cannot extricate itself from deals with producer Sibur
  • Norwegian Cruise Line's Frank Del Rio retiring after eight years as chief exec
    Harry Sommer, president of Norwegian Cruise Line, will become Norwegian Cruise Line Holdings' chief executive
  • Heidmar plots Nasdaq listing and $55m raise to expand into technical management and S&P
    Athens tanker and bulker pool player combining with listed Spac outfit Home Plate to expand its business
  • MSC launches fresh raid on German secondhand market as vessel prices tumble
    Classic post-panamax boxships remain in demand but asking prices are down by $80m
  • AMPTC splashes $207m on VLGC newbuildings at Hyundai yard
    The newbuildings are believed to be replacement vessels for the Middle East company
  • European shipowners 'breach oil cap' in Russia's Far East
    Global Witness says half of oil cargoes hauled from Pacific Ocean ports had European involvement
  • 'It has been quite a stressful two years', says Takeshi Hashimoto after taking MOL hot seat
    CEO reflects on two years in hot seat at Japan's largest shipowner and how he formulated his company shake-up plans
  • Gard achieves best underwriting performance in 15 years
    But bottom line is hit by poor investment returns in 'short' accounting year
  • Seismic power shift: MOL goes global with biggest shake-up in its history
    President and chief executive Takeshi Hashimoto tells TradeWinds he is nervous as shake-up could deliver fantastic rewards or complete disorder
  • Cochin Shipyard wins order for up to four zero-emission hydrogen feeder ships
    Indian yard to construct pioneering vessels for Dutch operator Samskip
  • North Africa casts 'lifeline' to Russia for refined oil exports
    Russia has diverted oil product exports from Europe to North Africa and the Middle East under sanctions regime
  • George Economou's Cardiff Marine orders more product tankers from China's New Times Shipbuilding
    The company is due to take delivery of the aframax product tankers in early 2026
  • Maersk spins off Maersk Supply Service for $685m as it completes strategic shift
    Parent AP Moller Holding is taking the $1bn offshore support fleet private
  • US fund Alterna Capital linked to lucrative Torm MR tanker deal
    Owner of 13 product carriers identified by brokers as offloading 2013-built trio
  • Dynagas LNG Partners has no plans to 'go private'
    Shipowner said US and EU sanctions against Russia not affecting its business, operations or financial condition
  • International Group to work with London marine insurers on major claims
    Two insurance groups have agreed to communicate when there is a common interest
  • Russian exports to Asia could ease Australia's struggle for MR tankers, Gibsons says
    UK shipbroker believes a greater number of mainstream cargoes could head down under if the Putin regime succeeds in shipping more oil to Asia
  • Greek shipowners dominate Russian port calls in 2023
    S&P Global analysis identifies a 443-strong shadow fleet and nearly 2,000 at risk of sanctions breaches
  • 'Tsunami' of UK strikes to bring BP, Shell and Total operations to 'standstill'
    Unite union says workers demanding better pay and conditions as oil majors rake in record profits
  • Viridis closes in on order for ammonia-fuelled bulk carriers as BV approves design
    Zero-carbon fleet could be operational by 2025, says start-up backed by Mosvolds Rederi, Amon Maritime and Navigare Logistics
  • Vitol brings in BlackRock's Eduard Ruijs to drive energy transition
    The trading and shipowning group wants the experienced energy executive to identify new decarbonisation technologies
  • Taiwan's Wisdom Marine breaks ordering hiatus to ink handysize bulker newbuild deal
    The Taiwanese bulker owner splashed out $66m for two handysize bulk carriers
  • Angelicoussis VLCC sets new Humber River record once held by Onassis Group
    Ex-Ocean Tankers crude carrier the largest vessel to visit northeast England port in nearly 20 years
  • Winning Shipping capesize bulker heads for recycling in Bangladesh
    Winning, World Tankers and Vasi Shipping sell ships to Chattogram as India and Pakistan sit on the sidelines
  • Angelicoussis VLCC sets new record for River Humber once held by Onassis Group
    Ex-Ocean Tankers crude carrier the largest vessel to visit northeast England port in nearly 20 years
  • Carnival waves goodbye to Aidavita as its sails across to Beta Marine
    The identity of who is behind the new Marshall Islands-registered cruise company remains a mystery
  • PSA restructures into core businesses of ports and mid-mile logistics
    Group says it has been transforming its business to better serve global supply chain stakeholders
  • Big shipping portfolio shifts as UBS gobbles up Credit Suisse
    Shotgun marriage between Swiss lenders brings major Greek shipping portfolio under new, bigger roof

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American Shipper web site
MARCH 20, 2023
  • Cathay Pacific Cargo unleashed
    Cathay Pacific has been tied down by COVID health restrictions much longer than most airlines. The cargo network is getting a big boost as long-haul passenger aircraft rejoin the fleet.
  • Maersk Air Cargo unveils Denmark-to-China freighter service
    Shipping line Maersk has unveiled the latest expansion of its cargo airline with a new Eurasia route.
  • Crunch time for trans-Pacific container shipping contract talks
    Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.

››› File
FROM THE HOME PAGE
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
Freight traffic in French ports stable in the first quarter of 2025
The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
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 Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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