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Independent journal on economy and transport policy
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June 22, 2023

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Exim India web site
JUNE 22, 2023
  • Port of Colombo to be a key participant in South East CEO Conclave & Awards 2023 in Chennai on July 12
  • Eknath Shinde & Piyush Goyal grace Mumbai Port's International Yoga Day celebration
  • Sanjam Sahi Gupta addresses gender equality & 'Breaking the Glass Ceiling' at G20's Women's Summit W20
  • Vizhinjam Port to be operational by May 2024: Minister
  • India's corn exports seen dipping in FY24
  • CSSC & DNV unveil Future Ship Joint Innovation Centre in Shanghai
  • DPA fully functional after 'Biparjoy'
  • Maersk to pioneer first container vessel conversion to methanol dual-fuel engine
  • Pakistan approves handover of Karachi port terminal to UAE
  • YOU ASK.. WE ANSWER...
  • US likely to push India to join IPEF trade talks
  • India seeks duty relaxations on new basmati varieties in FTA with UK
  • Adani Krishnapatnam Port introduces part waiver scheme for vessels using LNG

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International Transport Journal web site
JUNE 22, 2023
  • Investing in intermodal services in Turkey
  • Export prize: ÖBB RCG wins bronze
  • Samskip enhances multimodal portfolio
  • Promoting innovation in Shanghai
  • Deployable digital tower for safe missions
  • Deutsche Post DHL Group rebrands to DHL Group
  • Cold chain industrial park opens in Qingbaijiang
  • Food transports: net zero by 2030
  • Ferries to get electronic logbooks
  • Air Algérie orders eight Boeing 737 MAX jets
  • Panattoni bolsters team in Austria
  • SGL: another office in France
  • Adding services to Virginia and Las Vegas
  • Latam Cargo helps more than 3,000 UNHCR refugees
  • "Curiosity of the Day"
  • Small but potentially very serious
  • Europa reaches into Southern Europe

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The Loadstar web site
JUNE 21, 2023
  • It's survival of the fittest as the shortsea market hits heavy weather
  • Is ATSG really a target? Not so fast with the popcorn
  • FedEx numbers and its tepid market outlook disappoint Wall Street
  • IndiGo joins Air India in massive fleet boost to take on Gulf carriers
  • How unpicking the 2M Alliance will re-shape container trades
  • Barge operators impose surcharges after rapid fall in Rhine water level
  • RCL looks beyond Asia to build revenue as competition stiffens
  • IRU's new plan to tackle truck driver shortage - does it miss the point?

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Marine Log web site
JUNE 21, 2023
  • Svitzer takes delivery of RAstar 3200-W tug from Uzmar
    Turkey's Uzmar Shipyards has delivered the Svitzer Elizabeth to Svitzer. Designed by Vancouver, B.C., based Robert Allan Ltd, the 32-meter RAstar 3200-W will be the first Uzmar tug to be part of
  • Oily rag fire totaled $1.5 million yacht
    Here's one that could be filed under "always read the manufacturer's instructions." A National Transportation Safety Board report released this week highlighed the fire hazards of improperly stored oily rags on vessels,
  • Missing submersible: Underwater sounds detected
    As the search for the OceanGate Expedition's missing submersible Titan continues, U.S. Coast Guard First District reported last night that a Canadian P-3 aircraft had detected underwater noises in the search area.
  • SLB's Le Peuch: Offshore oil and gas "experiencing a renaissance"
    "Offshore [oil and gas] is experiencing a renaissance, with significant breadth and anticipated durability. Driven by the imperative of energy security, regionalization, and North American shale supply discipline, operators across the world
  • Tnemec solves scrubber system tank coating problem
    Exhaust gas scrubber systems are not always problem-free and when America's largest producer of construction aggregates, Vulcan Materials Company, encountered coatings issues with the scrubber system tanks in the 2018-built, 66,445 dwt
  • River water level to be lowered for Lock and Dam 1 repairs
    The U.S. Army Corps of Engineers, St. Paul District, and the Minnesota Department of Natural Resources, plan to slightly lower the Mississippi River between Lower St. Anthony Falls and Lock and Dam

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Container News web site
JUNE 21, 2023
  • ZIM expands partnership with 40Seas
    Israeli ocean carrier ZIM Integrated Shipping Services has announced the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the 40Seas' digital financing solution via ZIM's website as well as Ship4wd's, ZIM's freight forwarding subsidiary. This new service will be rolled out gradually starting in the United States, Canada, United Kingdom, France, Germany,
  • DP World orders electric port equipment for London Gateway
    Kalmar, a Cargotec company, has received a large order from DP World for eight completely electric Kalmar straddle carriers with high-energy batteries for its London Gateway logistics centre. The order was received in Cargotec's Q2 2023 order intake, with delivery expected for the second quarter of 2024. London Gateway is a deep-sea port, rail terminal, and logistics park on the River Thames in t
  • Samskip opens new office in Czechia
    Samskip has announced the opening of a new office in Prague, Czechia aiming to accelerate multimodal transport service development in Central Eastern Europe, after the recent expansion of the company's presence in Poland, which was the starting point for the rollout of this initiative in the region. The team in Gdansk, Poland will work as a hub for customer service and operations for the Central
  • APM Terminals receives largest ever boxship in Apapa
    APM Terminals Apapa received the largest container ship to ever call at Nigeria's Lagos Port Complex Apapa. The Singapore-flagged Kota Cantik, operated and managed by Pacific International Lines (PIL), is a 6,606 TEU vessel with a draught of 11.6 metres, length overall (LOA) of 300 metres and beam of 40 metres. Terminal manager of APM Terminals Apapa, Steen Knudsen noted that one of the advantage
  • X-Press Feeders retakes top feedering spot
    X-Press Feeders has regained the top spot from DP World unit Unifeeder as the world's largest common feeder operator. Alphaliner's latest report, issued today, said that the Singapore-based X-Press Feeders, now the 16 th largest operator, has expanded its fleet by 2.1% since June 2022, and now has a capacity of 134,773 TEU, including 71,232 TEU of owned vessels. Over the same period, Unifeeder (r
  • CLEVR and Kongsberg launch shipping digitalisation partnership
    CLEVR, provider of low code and PLM software solutions, partners with Kongsberg Maritime, technology company in the maritime industry. Through this collaboration, the companies aim to accelerate Kongsberg Maritime's internal digital transformation journey. In the coming years, CLEVR intends to provide its services to support Kongsberg Maritime in the digital transformation of its internal workflo
  • APM Terminals Callao achieves container record, exceeding 1 million TEUs in single year
    For the first time since the concession began in 2011, APM Terminals Callao, the operator of Peru's Callao North Multipurpose Terminal, reached one million TEUs in a single concession year. The statistic reflects, in part, a global increase in container move relative to general freight, a trend that was briefly interrupted owing to the Covid-19 pandemic. The number of containers entering the port
  • Feeder boxship suffers engine room fire in Shanghai waters
    A fire broke out in the engine room of the 1,600TEU Zhong Gu Tai Shan on 19 June, according to Maritime Bulletin's report. There were 22 crew members on board with 14 seafarers being evacuated and the remaining eight remaining on board. The feeder boxship was in Shanghai waters at the time of the fire incident sailing from the port of Nakhodka in Russia to the port of Shanghai in China. The Marit
  • Kalmar introduces Electric Straddle Carrier Charge Family
    The Electric Straddle Carrier Charge Family is the newest addition to Kalmar's expanding set of entirely electric equipment. Straddle carriers and smaller freight handling equipment such as reach stackers and forklifts with varied lifting capabilities are already part of the company's electrically driven portfolio. The Charge Family includes battery technology, charging methods, and software to h
  • Maersk announces industry-first container vessel conversion to methanol dual-fuel engine
    Maersk has decided to retrofit an existing ship to a dual-fuel methanol powered vessel and thereby be able to sail on green methanol. For this reason, the Danish shipping company has signed an agreement with MAN Energy Solutions (MAN ES) which will retrofit the engine. This is expected to be the first engine retrofit in the industry and is scheduled to be conducted medio 2024 with the intent to r
  • UniqueGraphs Review: Spotting Market Manipulation
    The potential for market manipulation is a significant problem in the cryptocurrency and foreign exchange markets. The dangers of market manipulation may be reduced if traders know and prepare for them. UniqueGraphs is a market-leading platform that uses cutting-edge analytic and monitoring tools to identify potentially fraudulent financial transactions. This post will discuss market manipulation
  • HMM launches new service to connect Far East, India, Middle East and Mediterranean
    HMM will launch a new service product providing links between the Far East, India, Middle East and Mediterranean regions, under the name of FIM. FIM will be solely operated by the South Korean ocean carrier and will commence on the first week of August. The port rotation of HMM's FIM service will be the following: Busan (South Korea) - Kwangyang (South Korea) - Yangshan (China) - Ningbo (China) -

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Splash web site
JUNE 21, 2023
  • Norwegian broker Lorentzen & Co goes bust
    Norwegian shipbroker Lorentzen & Co has declared bankruptcy after over 100 years in business. The Oslo-based firm submitted a tender request after several years of heavy losses and a name change to Lilleaker Shipping Advisors earlier this week, according to the Norwegian business daily Finansavisen. Lorentzen & Co was established by the four sons of ...
  • Spain seen as green shipping corridor hub
    A recent study by the Global Maritime Forum has identified Spain as a hub for green shipping corridors towards the rest of Europe and beyond. Global Maritime Forum's study named 'Green shipping corridors in and out of Spain: Assessing route-based opportunities' highlighted the eight most promising green corridor routes in and out of Spain. Based ...
  • Top Ships to spin off suezmax
    Nasdaq-listed Greek eco tanker owner Top Ships has moved to spin off one of its suezmax vessels into an independent publicly-traded company. The company's subsidiary Rubico has been earmarked for the move and to own the 2021-built 157,000 dwt scrubber-fitted . As part of the spin-off transaction, Top Ships is to distribute 100% of the ...
  • KCA Deutag wins $70m worth of drilling deals in UK North Sea
    Drilling and engineering contractor KCA Deutag has been awarded new contracts and extensions with a total value of over $70m for the provision of drilling and maintenance services in the UK North Sea. KCA Deutag said that the deals, each ranging from two to five years, were awarded by the company's existing clients. According to ...
  • CIP to invest $350m in South Korean offshore wind
    Copenhagen Infrastructure Partners will invest $350m into offshore wind projects in South Korea. The investments will support the development and construction of gigawatt-scale offshore wind projects in the country, where CIP has been developing and securing electricity business licenses since 2018, a Danish fund manager said. The projects, which include both fixed bottom and floating ...
  • TotalEnergies sets sights on Portuguese offshore wind with Galp tie-up
    French giant TotalEnergies has joined forces with a Portuguese energy firm Galp to explore potential offshore wind opportunities in Portugal. Portugal has set the ambition to promote the development of 10 GW of offshore wind capacity in the coming years, opening a range of opportunities given its wide coastline with favourable weather conditions and the ...
  • Tankers International boosts pool fleet with TRF VLCC
    UK-based VLCC pool operator Tankers International has bolstered its specialist scrubber pool with the addition of Transportation Recovery Fund's 2018-built . The 297,600 dwt ship was delivered to Tankers International earlier this month, lifting the company's total fleet to 65 VLCCs. "The addition of the TRF Horten further improves our pool's unrivalled strength and depth, ...
  • Diana Shipping finds work for ultramax with Western Bulk Carriers
    Greek bulker owner Diana Shipping has entered into a time charter contract with Western Bulk Carriers, for one of its ultramax dry bulk vessels. Diana Shipping said that the vessel in question was the . The gross charter rate is $13,800 per day, minus a 5% commission paid to third parties, for a period until ...
  • Pioneer Logistics in rig move as Energy Drilling buys Seadrill trio
    Singapore-based Pioneer Logistics has moved into the offshore drilling sector, becoming a key shareholder in compatriot tender drilling rig specialist Energy Drilling (EDrill). An undisclosed equity injection from Pioneer, together with cash on hand and bank financing, will support EDrill in raising the funds required to purchase three tender rigs from Seadrill. The New York- ...
  • Maersk pioneers methanol dual-fuel retrofit
    Underlining how it sees methanol as its key fuel for the 2020s, Maersk announced today another industry first that will see the Danish liner giant retrofit one of its ships to methanol dual-fuel. The Copenhagen-based shipping and logistics group has selected German engine maker MAN Energy Solutions for the first engine conversion set to take ...
  • SBM Offshore secures $1.61bn financing for Mero FPSO
    Dutch floater expert SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of around $1.61bn. SBM Offshore said that the project financing was provided by a consortium of 12 international banks with insurance cover from three international export credit agencies (ECA). The financing is composed of four separate facilities ...
  • Exclusive satellite images of wrecked Pablo tanker cast dark light over shadow fleet
    Fifty-one days since it exploded in Malaysian waters, killing three crew, the tanker remains alone, untended, with the authorities at a loss with what to do with the wreck, a sharp warning of the hugely damaging threat posed by the growth of the so-called dark fleet. MarineTraffic data shows the ship remains at anchor off ...
  • MOL sniffs new fuel opportunity with cow dung
    Cattle manure as an alternative ship fuel has been proven to be possible in landmark trials in Japan. A seven-strong group has delivered Japan's first successful trial using liquefied bio-methane (LBM), or bio-LNG, derived from cattle manure on Mitsui OSK Lines' (MOL) 2020-built LNG-fuelled general cargo vessel . Earlier this year, the Japanese shipping giant ...
  • Seacor Marine pays off COSCO for PSV trio with $28m loan
    US offshore vessel operator Seacor Marine has entered into a new $28m senior secured term loan facility to refinance three platform supply vessels (PSVs) built by COSCO Shipping Heavy Industry. Seacor Marine said that the loan was provided by a Hudson Structured Capital Management affiliate and will fully refinance the shipyard financings maturing in 2023 ...
  • Hammerfest Energi and Varanger Kraft join offshore wind consortium
    Energy companies Hammerfest Energi and Varanger Kraft have joined the Blåse Energi offshore wind consortium. Blåse Energi is currently working on the application for the Utsira Nord area, the first full-scale floating wind farm in Norwegian waters. The two new partners will strengthen the consortium, and Blåse will be the first consortium to apply for ...
  • American asset manager raises funds for boxship acquisitions
    Greywolf Capital Management , an American asset manager, has raised $120m for a new Containership Opportunities Fund II, according to Alphaliner. The new fund will focus on the opportunistic purchase of commercial ships leased to major container shipping companies. It follows on from an earlier fund, Greywolf Containership Opportunities Fund I, which closed for new ...
  • OSG MR tanker wins US military work
    Overseas Shipholding Group (OSG) has announced that the Military Sealift Command (MSC) has awarded the MR tanker a time charter contract to assist with the removal of fuel from the Red Hill Bulk Fuel Storage Facility in Hawaii and to provide ongoing fuel transportation services to MSC. OSG's CEO Sam Norton commented: "This award highlights ...
  • China showcases its own rotor sails
    China has showcased its first domestically produced rotor sails, installed on an 11-year-old bulk carrier. CSSC Chengxi Shipbuilding installed four Flettner rotor style sails on the 45,000 dwt Chang Hang Sheng Hai, a ship which is owned by Minsheng Financial Leasing and operated by Ming Wah. The sails, developed over the last three years, are ...
  • Norvic Shipping becomes a shipowner with LR2 acquisition
    New York-headquartered Norvic Shipping has purchased the Pro Alliance, a 105,348 dwt aframax LR2 tanker, from SK Energy in South Korea. The acquisition of the vessel, which has been renamed Norvic Monia, sees Norvic owning its first ship outright, marking a strategic shift from an operator to owner-operator model. No price has been revealed for ...

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Lloyd's List web site
JUNE 21, 2023
  • EU agrees new measure targeting Russian sanctions evaders
    Newly tightened sanctions targeting evasion bans access to EU ports for ships which engage in ship-to-ship transfers if there is...
  • Shipping could turn to green steel to tackle Scope 3 emissions
    The Sustainable Shipping Initiative suggests the shipping industry should focus on reducing emissions caused by shipbuilding in a new report...
  • TOP Ships eyes launch of new suezmax spin-off
    According to filings, the spin-off may have first offer rights over two more TOP Ships suezmaxes
  • Asset manager exits Cosco investment as climate concerns start to bite
    Chinese shipping giant Cosco has been sanctioned by one of the world's largest asset managers for failing to meet basic...
  • Zim integrates 'Ship Now, Pay Later' trade finance service
    Trade finance solution is designed to provide customers with fast and easy access to capital, simplifying an otherwise potentially cumbersome...
  • US bank acquires $123m tranche of Greek shipping loans from HSBC
    Sale follows HSBC's disposal of a $265m tranche of Greek loan book to Piraeus Bank
  • Zhonggu Logistics boxship catches fire off Shanghai, crew safe
    The fire has been extinguished, a company spokesperson says, while the rescuers and investigators are waiting for the ship to...
  • Al Ghurair appeals contempt ruling after failing to pay shipowner
    Dubai-based trader hit with six-figure fine and one-year prison sentence for officer after Letter of Indemnity dispute
  • Upstart carriers exit transpacific trade as weak rates take toll
    Subdued rates can no longer sustain the operations of small carriers on the trade. And the e-commerce express services, which...
  • UK to fund virtual reality training for Ukraine seafarers
    Sponsorship also available for three-year cadetships in British maritime colleges
  • Higher premium spend driving cargo insurance market stabilisation, Gallagher reports
    Current conjuncture dampening impact of more expensive reinsurance, with cost not passed on to customers
  • Maersk planning first-ever methanol-fuel boxship retrofit
    World's second-largest containership operator has teamed up with engine designer MAN Energy Solutions to undertake the pioneering fuel switch
  • UN secretary-general 'disappointed' in Ukraine grain deal operations
    Fewer vessels are calling at the greater Odesa ports leading to a lower supply of cargo reaching global markets
  • MISC steps up decarbonisation game with WinGD and DNV tie-ups
    The collaboration with WinGD is focused on the development of ammonia engines for dual-fuel vessels and the training required along...
  • Norvic goes back to roots with tanker buy
    The company is looking at further acquisitions as it bets on a continuing solid tanker market with demand expected to...
  • MSC mulls green newbuildings while Evergreen closes in on neo-panamax order
    MSC, the world's largest containership operator is said to be planning to order new series of mid-size boxships while Taiwan's...
  • Sohmen-Pao retires from Navigator's board
    Navigator has benefited from Sohmen-Pao's extensive knowledge and experience, non-executive chairman Dag von Appen said in expressing the board's gratitude for...
  • OSG tanker awarded Red Hill fuel storage defueling contract
    Florida-based Overseas Shipholding Group tanker will participate in the decommissioning of the Red Hill fuel storage facility in Hawaii, which...
  • Bumi Armada and Navigator form UK carbon capture joint venture
    The joint venture will design and implement a chain of shuttle tankers delivering to a floating carbon storage and injection...
  • Daily Briefing
    International Group pool claims slashed by over 80%, Britannia confirms | Will China's record coal imports keep pace | EU...

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The Journal of Commerce web site
JUNE 21, 2023
  • Roadrunner adds new LTL lanes, expanding cross-country reach
    Freight demand is supporting a buildout of Roadrunner's direct LTL network after cutbacks in 2022, with new lanes connecting shippers with Las Vegas and the Port of Virginia.
  • FedEx Freight trims trucking network as LTL shipments drop 18%
    The largest US trucking company will close 29 terminals to better match its footprint with lower freight demand as it prepares for a "reset."
  • Falling Asia container rates may be too much of a good thing for US exporters
    There's growing concern among some US exporters that outbound container spot rates are too low, recalling memories of when unprofitable cargo was left on the docks and service levels fell in parallel with the bottom lines of ocean carriers, writes Journal of Commerce Executive Editor Mark Szakonyi.
  • Maersk's growing air freight coverage driven by in-house demand
    There is little demand to be seen in air cargo routes out of Asia, but the aggressive expansion of Maersk Air Cargo connections to the US and Europe points to strong interest from the carrier's existing customers.
  • UPDATE: Doyle lands new post after resigning from top job at Maryland Port Administration
    William Doyle's departure after three years, announced to Maryland Port Administration employees Friday according to local news reports, came less than a week after he received three traffic citations.
  • Ro/ro carrier Sallaum aims to boost capacity with latest vessel order
    Persistent demand from existing customers and expected growth in global demand for heavier electric vehicles are spurring fresh investment in ro/ro newbuildings from Sallaum Lines.
  • US ag shippers look to diversify exports away from West Coast
    Even though port congestion has cleared and a longshore labor deal has been reached, ag shippers say intractable problems still plague their ability to move goods easily through the West Coast.

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TradeWinds web site
JUNE 21, 2023
  • Judge tears up order seizing OSG cash after settlement of spat with AMSC
    AMSC had seized $4.5m over unpaid fees after end of bareboat charter of Jones Act vessel
  • Ridgebury Tankers chief executive confirms sale of suezmax at price in 'high $30m' range
    Connecticut-based owner has only one ship left in its fleet that once boasted more than 20 tankers
  • Vote of confidence: Evangelos Marinakis ratchets up stake in Capital Product Partners
    Capital Maritime & Trading chairman lifts stake above 25%, while family holding rises to 30.9%
  • He's back: Tor Olav Troim returning to tanker game with VLCC orders
    Strong market fundamentals lure serial shipping entrepreneur back after 15 years
  • Performance Shipping revenue jumps 245% as strong rates look 'sustainable through 2023 and beyond'
    New York-listed aframax tanker owner sees profits flip to the black a year after loss-making first quarter
  • Cadeler's Mikkel Gleerup 'humbled', 'happy' and ready to give it his all in wake of Eneti merger
    CEO may be a little low on energy right now, but he and his company are buzzing about the tie-up
  • Vroon flags fly half-mast after Peter 'Piet' Vroon dies at 93
    Dutchman who transformed family business into a shipping powerhouse passed away on 15 June
  • 'Jaw-dropping' rates could spark more activity in quieter secondhand tanker market
    Shipbroker Eva Tzima notes increasing confidence among sellers of MR vessels in particular
  • UK offers training to Ukrainian seafarer cadets affected by war
    World Bank says the cost of reconstruction of Ukraine is more than $400bn and climbing
  • Green Seas: India gets impatient as ship recycling treaty ratification nears
    Our weekly environment newsletter looks at the Hong Kong Convention through the lens of one nation that is tired of waiting
  • We're joining the methanol bandwagon, says Algoma CEO
    Early movers backing the same technology will encourage suppliers to up their game, says Gregg Ruhl
  • DOF gets over-subscribed $53m IPO away in Oslo as John Fredriksen buys in
    French lender BNP Paribas sells down almost entire holding in Norwegian owner as it prepares to list again
  • Norway's oldest shipbroker Lorentzen & Co goes under after years of losses
    Historic name in Oslo shipbroking lands in bankruptcy after poor financial performance and personal strife
  • Frustration mounts over Black Sea grain impasse amid start of harvest time
    Prospects of UN's frail sea corridor for Ukrainian grain are going from bad to worse
  • Viking Line passengers get chance to pay for biogas to cut emissions by 90%
    Cruise and ferry line company details additional pricing for Finland-Sweden cruise route
  • Atlantica Shipping in the money as it winds down tanker fleet and shifts focus to offshore
    Oslo stays active in the sale and purchase market, this time selling off its tanker fleet
  • Eni starts work with Technip on carbon copy of Coral-Sul FLNG unit
    Competition intensifies for limited floating LNG production unit berth space at Samsung Heavy Industries
  • Three midsize bulkers secure multi-month charters as period rates slip
    Diana Shipping charters ultramax DSI Altair to Western Bulk Carriers for at least 14 months
  • Norvic Shipping buys a product tanker after Russian market drives 'insane' numbers
    New York-headquartered company has been looking for ways to expand and diversify its business
  • Eight promising Spanish green corridors identified by GMF
    New study targets container cargo owners within food and beverage, car manufacturing and textiles due to large volumes and high-value trades
  • Evergreen follows Maersk with $4bn methanol container ship push, despite fuel bill fears
    Newbuildings will be the Taiwanese liner giant's first dual-fuel propulsion vessels
  • Japan completes successful ship trial using fuel made from ... cow dung
    MOL says project shows the carbon-neutral energy source could be transported using existing LNG supply chains
  • TRF signs up scrubber-fitted VLCC to Tankers International pool
    US owner's TRF Horten expands specialist operation and lowers average age
  • Provaris teams with Norwegian Hydrogen for large new production plant
    Sydney-listed shipping start-up to help develop new facility at Orskog
  • Greywolf Capital closes container shipping fund with $120m of investment
    US-based alternative asset manager takes maritime portfolio to $330m
  • Exmar shareholders kick back at Saverex take-private offer
    Investors said premium will need to be raised if Nicolas Saverys' family vehicle is to reach the 95% it requires
  • StealthGas sells LPG carrier pair in pivot to bigger vessels
    Harry Vafias company notches up lucrative divestment as part of fleet rejigging
  • 'Agile' tanker and bunker group USTC logs record result of $426m
    Danish family-owned conglomerate says subsidiaries have proved adaptable amid geopolitical turmoil
  • MAN Energy Solutions joins fuels group calling on IMO to adopt greener policies
    Engine maker and fuel producers among those backing initiative by the Environmental Defense Fund
  • Worried suezmax shipowners pushing up rates after Nigeria back-tax demands, BRS says
    Resistance strong after companies hit with multimillion-dollar claims by new government
  • Oldendorff-chartered newcastlemax holed in grounding after rudder indicator failed
    Australian accident report reveals substantial damage
  • VLCC fortunes rely on China after boom month in Middle East
    BRS says rising Chinese demand should limit losses for largest crude carriers with Saudi production cut
  • Maersk to carry out first ever methanol dual-fuel retrofit next year
    Giant owner to work with MAN on decarbonisation project
  • CCS study shows older Wah Kwong bulkers can comply with CII to 2030
    Onboard carbon capture and storage could prolong the life of ships by five years, according to joint project with Bureau Veritas and Qiyao Environmental Technology
  • Worried suezmax owners pushing up rates after Nigeria back-tax demands, BRS says
    Resistance strong after companies hit with multi-million dollar claims by new government
  • Winning and Seanergy spin-off tied to bulker buys in wobbly S&P scene
    Bulker values slide amid sluggish freight rates but potential buyers remain wary
  • OSG tanker wins US charter to take fuel from Hawaii storage plant after leak
    Government's Military Sealift Command fixes MR vessel for up to five-and-a-half years
  • Eni starts work with TechnipFMC on carbon copy of Coral-Sul FLNG unit
    Competition intensifies for limited floating LNG production unit berth space at Samsung Heavy Industries
  • Shipping Australia recruits autonomous shipping guru
    Shahbakhsh says the technology has the potential to bring significant changes to the maritime industry
  • Tristar Eships targets growth without the 'shocking' value destruction
    New boss reveals ambitions for owner, based on long-term investments backed by long-term contracts
  • When it comes to finance, there are two different views of 'offshore' energy
    Dollars are fairly blowing in the wind for the WTIV crowd, but players in the traditional oil-and-gas sector may be running dry on liquidity.
  • Dynagas Partners earnings sink as interest costs eat into revenue gains
    Analyst blames miss on higher interest expenses in first quarter, but outlook for LNG looks positive.

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American Shipper web site
JUNE 21, 2023
  • Trade tea leaves showing peak season status quo
    The logistics pipeline is a tea leaf forecasting China's economy and the flow of freight tells investors the bottom line of logistics companies.

››› File
FROM THE HOME PAGE
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
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
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
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
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
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
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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