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