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24 April 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
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
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
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
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
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
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
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
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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