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03 December 2024 - Year XXVIII
Independent journal on economy and transport policy
18:34 GMT+1
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March 1, 2024

free news
Exim India web site
MARCH 1, 2024
  • CMA CGM acquires 100% of Bolloré Logistics
  • Bahri wins Guinness World Record for largest mobile desalination plant
  • India's GDP growth could reach near 8 pc: Barclays
  • India, SA thwart investment pact from being part of WTO MC13 agenda
  • Empty container movements up 20%
  • Imports of thermal coal seen falling
  • Shipping decarbonisation seen uncertain
  • Asian container exports to Europe up
  • India to be largest global oil demand growth driver by 2030: IEC
  • India's LNG spot buying pulling US cargoes
  • Steel imports soar to six-year high
  • Port of Fujairah's intimation on P&I Clubs
  • Susanta Purohit is the new Chairman of VOC Port
  • China, India heavily investing in port infra
  • Red Sea attacks raise the need for IMEC, says India
  • India puts forth a strong case for keeping development at the core of WTO work now and in future
  • India's wheat production seen exceeding target
  • Mahindra Logistics expands its fulfilment operations in West Bengal
  • 1WN-One World One Network launched for the logistics industry
  • Rotterdam World Gateway container terminal invests in shore-based power

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International Transport Journal web site
MARCH 1, 2024
  • Polish leasing company orders 100 locomotives
  • Germany's first remote operations centre
  • Captrain: changes at the helm
  • Icao: forecasts for 2024
  • A tool to lower language barriers on the road
  • Investing in future logistics tech
  • MOL's plastic recycling trial
  • Up to 120,000 kg cargo capacity every Friday
  • Study for an e-fuel supply chain
  • "B" score despite increased challenges
  • Freight's out, and away we go!
  • From DB Schenker to Maersk
  • Linking Jacksonville with South America
  • "Curiosity of the Day"
  • Hudson Bay Railway secures funding
  • Eastern Airlines moves to the West
  • HFW expands its Greek ship finance team
  • A Kiwi cold chain hub

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The Loadstar web site
FEBRUARY 29, 2024
  • Maersk's new NAM chief urges US shippers to 'know your best alternative'
  • Liners on the vertical integration prowl
  • AF-KLM Cargo's 2023: more capacity, but less volume and revenue
  • DB Cargo plan to cut 1,800 jobs is 'gambling with its future', says union
  • Wincanton bidding war begins as GXO steps in with better offer than Ceva
  • Jackson exit expected to accelerate LTL push at Knight-Swift
  • NYK extends its logistics arm with takeover of UK's Noel Topco
  • Ole Trumpfheller joins Maersk as VP and MD North Europe

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Marine Log web site
FEBRUARY 29, 2024
  • KOTUG takes full ownership of Kotug Seabulk Maritime
    KOTUG International B.V. said today that it has concluded the acquisition of Kotug Seabulk Maritime LLC (KSM), taking full ownership of the business. KOTUG has acquired the interest held by its joint
  • New NYSERDA contracts put two NY offshore wind projects back on track
    New York Gov. Kathy Hochul looks to have notched up two more successes in her efforts to get New York State offshore wind back on track. Today she announced that the state
  • SECNAV urges Korean shipbuilders to invest in U.S. shipyards
    Secretary of the Navy Carlos Del Toro has been meeting with top South Korean shipbuilding executives and making the case for them to create American subsidiaries and invest in integrated U.S. commercial
  • Three-way partnership creates new JSI Alliance
    A twosome is becoming a threesome. After three years in a successful commercial alliance, Dutch maritime heavy lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL

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Container News web site
FEBRUARY 29, 2024
  • CMA CGM applies new peak season surcharge from Egypt to West Africa
    French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from Egypt to West Africa. The new surcharge will commence on 4 March and will be effective until further notice. The PSS will be US$100 / container and will be applied only to dry cargo, according to the company's announcement. If you liked this post, please consider donating The post appeared first on Container News .
  • Grimaldi bolsters Italy-Greece connections
    The Grimaldi Group is set to elevate transport capacity and comfort on its Italy-Greece connections with the introduction of the Europalink vessel on the Brindisi-Igoumenitsa service starting 29 February. As the ro-pax unit boasts the largest cargo capacity ever deployed in the Adriatic Sea, the Europalink will complement the modern ro-pax unit, the Kydon Palace, already operating on the line. Th
  • Port of Montreal signs partnership deal to proceed with new box terminal project
    The Montreal Port Authority (MPA) announced its partnership agreement with Contrecoeur Terminal Constructors General Partnership (CTCGP), which consists of Pomerleau and Aecon. This collaboration will support the MPA in designing the in-water works for its Contrec�ur expansion project using a progressive design-build (progressive DB) approach. In October of last year, MPA announced its intention
  • Cargo and Compliance: Simplifying Documentation in the Shipping Industry
    The shipping industry, characterised by its critical role in global trade, faces an array of challenges in managing the vast amounts of documentation required for operations. The reliance on paper-based documents not only slows down processes but also increases the risk of errors and compliance issues. As companies strive for efficiency and sustainability, the transition towards digital documenta
  • Port of Tanjung Pelepas secures deal for new ULCV quay cranes
    Port of Tanjung Pelepas (PTP), a joint venture between the MMC Group and APM Terminals, has finalized a deal with Sany Marine Heavy Industry to purchase six units of ultra-large container vessel (ULCV) quay cranes. The agreement, sealed by PTP CEO Mark Hardiman and Sany Marine CEO Jeff Fu on 23 February, marks a significant milestone for the Malaysian port. Chairman of PTP, Tan Sri Che Khalib Moh
  • Port Houston starts 2024 with container export record
    Port Houston has kicked off the year on a high note, achieving record-breaking total container volumes in January. The month saw a remarkable total of 332,961 TEUs, marking a 4% increase compared to the same period last year. Notably, container imports rose by 3% to reach 154,493 TEUs, mainly attributed to robust imports from China ahead of the Lunar New Year festivities. Additionally, loaded exp
  • CMA CGM completes Bolloré Logistics takeover
    French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group. The two firms announced that the purchase price is €4.85 billion (US$5.25 billion), on the basis of the estimated debt and cash on the completion date. In 2022, Bolloré Logistics achieved a turnover of €7.1 billion (US$7.7 billion), transported 710,000 T
  • Euroseas charters out feeder ship under construction
    Greek container ship owner Euroseas has entered into a time charter contract for the 2,800 TEU Leonidas Z, a newbuilding fuel efficient feeder ship currently under construction, for 23-25 months at the option of the charterer, at a gross daily rate of US$20,000. The new charter will commence upon delivery of the vessel from the shipyard expected around the end of April or beginning of May 2024. A
  • Rotterdam World Gateway to fully equip quayside with shore-based power
    Dutch container terminal Rotterdam World Gateway (RWG) has decided to equip its entire quayside with shore-based power capabilities, enabling all vessels to utilize this eco-friendly power source. According to a statement, already renowned for its full automation and carbon neutrality, the RWG terminal's initiative will further enhance environmental sustainability. With the implementation of shor
  • Scrubbing the Future: Bridging Renewable Energy and Syngas Purification
    Okay, let's get one thing out of the way right from the start - I'm no engineer or environmental expert. Just a regular guy who works in renewable energy and has picked up a thing or two along the way. The only reason I know anything about "syngas" and gas "scrubbers" is because I got roped into a project at work that involved both. It was a total baptism by fire, let me tell you. One day I'm jus
  • Hong Kong customs bust shark fins smuggling attempt
    Hong Kong Customs and Excise Department officers seized a container of shark fins from a controlled and endangered species after intercepting a container on 27 February. Customs inspector Chan King-fung said that the department acted after being tipped off by the Organized Crime and Triad Bureau that a river vessel bound for Macau was suspected of smuggling. A patrol vessel tracked and stopped th
  • Top 5 Supply Chain Management Scholarships For International Students to Apply for in 2024-2025
    Supply chain management is an area with tons of prospects. However, finding a scholarship in this field is quite challenging. Specializing in this field requires one to have extraordinary problem-solving skills. These skills are essential for dealing with various logistical issues that will most definitely come across while working in this industry. Moreover, the problem of choice gets even more
  • Tips Maintaining Sustainability Of Supply Chain Management
    An eco-friendly or sustainable supply chain has become a critical - and ever more visible - an element of corporate social responsibility. The trend is fueled by heightened regulations to reduce the environmental impact of industrialization. Plus, today's consumers don't want to be associated with an unethical company. According to a report, 77% of consumers say they will buy a product of a compa
  • CN analysis: Freight rates on major Indian trades see downward corrections after January highs
    After spiking dramatically amid the Red Sea crisis-linked shipping disruption, container freight rates seen on trades out of India have held firm or even declined in some cases in February, month-on-month, according to the latest market analysis by Container News . On the westbound India-Europe trade, average short-term contract rates for 20-foot container bookings from West India [Jawaharlal Neh
  • NYK buys UK-based logistics firm
    International Logistics Group (ILG), a UK subsidiary of NYK Line's Yusen Logistics, acquired Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions (GFS). The acquisition is part of the logistics business growth strategy outlined in the medium-term management plan announced by the NYK Group in March 2023. NYK said the acquisition realizes ambidextrous managemen
  • Alternative Financing Vs. Traditional Loans: A Small Business's Guide
    Access to capital is vital for small business growth. Traditional bank loans, while common, may not always be accessible, especially for early-stage enterprises. Fortunately, numerous financing options exist today, offering diverse opportunities tailored to different business needs. This guide will delve into alternative lending versus traditional loans to help you understand the financial landsc
  • Meest Experts Recommend: Tips on Shipping to Kazakhstan
    With the advancement of new technologies, shipping to Kazakhstan is no longer a hassle. Simply create an account on the Meest Portal and easily create, pay for, and manage your shipments without leaving your home. Meest experts will strive to answer popular questions that clients often encounter when wanting to send a parcel to Kazakhstan. What Determines the Cost of Shipping to Kazakhstan It's n
  • Georgia Ports growth plans and collaborations fuel job expansion and economic opportunities statewide
    Georgia ports play a crucial role for automakers, suppliers, manufacturers, and logistics operations considering job expansion in Georgia, United States. "We're not talking about only Savannah or Atlanta. It's our mission to drive the success of the entire state. A whole series of recent announcements prove that our efforts are paying off in greater economic opportunity for Georgians in large and

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Splash web site
FEBRUARY 29, 2024
  • Genco capesize sales fall through
    US-listed bulker player Genco Shipping & Trading has failed in its first attempt to successfully close the recently confirmed disposal of two elderly capesize vessels. The John Wobensmith-led owner of more than 40 ships said it has terminated the deals due to the buyers' breach of the agreements' terms. The 2010-built Genco Claudius and 2009-built ...
  • Atlantska Plovidba signs for ultramax newbuilds in China
    Croatian bulker owner and operator Atlantska Plovidba has returned to Jiangsu Hantong Ship Heavy Industry in China with an order for two ultramaxes. The Zagreb-listed outfit, majority owned by Zadar-based peer Tankerska Plovidba, is paying around $65m for the 53,500 dwt duo designed to meet IMO Tier III and EEDI Phase 3 requirements. Atlantska, which ...
  • Rotterdam World Gateway terminal to provide shore-based power for all vessels
    Rotterdam World Gateway (RWG) container terminal has decided to equip its entire quayside with shore-based power for all vessels. The RWG terminal is already fully automated and CO2-neutral and the construction of shore-based power facilities will mean the ships will also no longer emit particulates, nitrogen and CO2 when at berth. These facilities will also ...
  • CMA CGM wraps up $5.2bn Bolloré Logistics acquisition
    French liner CMA CGM has completed the acquisition of family-run conglomerate Bolloré Logistics for €4.85bn ($5.25bn). The Bolloré Group said that, even though the sale to CMA CGM has been completed, the transfer of Bolloré Logistics Sweden AB to the French company remains subject to obtaining foreign investment clearance in Sweden. The two agreed to ...
  • Seafar starts up Germany's first remote-controlled inland waterway shipping centre
    Belgian specialist in remote-controlled shipping Seafar, with its project partners HGK Shipping and Reederei Deymann, has set up the first remote operations centre in Germany. The centre enables captains to navigate vessels on inland waterways from dry land. This technology, according to Seafar, is one way of countering the shortage of specialist workers. Five vessels ...
  • Odfjell Oceanwind launches floating wind foundation manufacturing venture
    Norwegian floating offshore wind specialist Odfjell Oceanwind and fellow automation and manufacturing expert Prodtex have established a joint venture for floating wind foundations called Windsteel Technologies. The jv, headed up by former boss of Corvus Energy Geir Bjørkeli, has been created to set up floater production capacity with the aim of having the first factory ...
  • Northern Offshore bags work for jackup rig offshore Oman
    Houston-based jackup owner Northern Offshore, a 91.81% subsidiary of Rex International, has won a multi-well deal offshore Oman for one of its rigs. The drilling program will be undertaken in Masirah Oil's Yumna field in Block 50 off Oman. It will consist of the drilling and completion of a new in-field well and the workover ...
  • US logistics firm GXO tops CMA CGM's offer for Wincanton
    The bidding war for UK logistics player Wincanton is heating up, with US-based warehousing firm GXO Logistics surpassing an offer made by CMA CGM's CEVA Logistics. The owner of Clipper Logistics has logged a bid under which shareholders would get 605 pence in cash for each Wincanton share held - up about 26% from CEVA ...
  • Euroseas eyes improved box market as it fixes out another newbuild
    Greek owner Euroseas has taken advantage of the improving containership market to clinch another long-term charter deal for one of its newbuild feeders delivering this year. The Aristides Pittas-led company has fixed a 2,800 teu Leonidas Z for up to 25 months from April or May at $20,000 per day. Pittas said the deal is ...
  • Saudi offshore owner accused of abandoning crew across multiple vessels
    The International Transport Workers' Federation (ITF) has revealed multiple concerning reports about withheld pay from seafarers working on eight ships owned by Saudi Arabian marine services contractor Hadi H Al Hammam Establishment. According to ITF, the company, which lists Saudi Aramco among its clients and was buying brand new ships as recently as 2018, has ...
  • Capesize FFAs hitting prolonged highs not experienced since the 2000s
    Capesize rates are on a charge, leaping by more than 10% on the Baltic Exchange yesterday to stand on the cusp of the $30,000 a day mark thanks in no small part to strong volumes of iron ore from Brazil to northern China. Moreover, FFAs look strong with March contracts of more than $30,000 a ...
  • Norden orders four capes
    Danish shipping giant Norden has revealed orders for four capesize newbuildings, which will deliver between 2025 and 2027. Prices and the yards contracted have not been revealed. Norden already has five owned and seven chartered capes on its books, and today stated its aim was to get to a total operating capesize fleet of between ...
  • Atlantic Oceanic expands fleet with Tek-Ocean MPSV
    UK-based offshore vessel owner Atlantic Oceanic, has bolstered its fleet with the acquisition of a multipurpose supply vessel from Melbourne-based Tek-Ocean Energy Services. The company, formerly known as Castle Ship Technical Management, has added the 1991-built Tek-Ocean Spirit for an undisclosed sum and renamed it Atlantic Spirit. Atlantic Oceanic had six European and Jones Act-compliant ...
  • Sapura forms decommissioning joint venture
    Malaysian offshore services provider Sapura Energy and AF Offshore Decom, part of Norway's AF Gruppen, have joined forces to target the increasing demand for offshore decommissioning services in Southeast Asia. A joint venture called Kitar Solutions was recently presented in Kuala Lumpur with the aim of simplifying the decommissioning process through integrated engineering, preparations, removal,
  • BHP studies nuclear-powered ships
    Mining giant BHP has become the latest big name to study the potential for nuclear to power ships. The Australian headquartered company tapped Dutch consultants ULC-Energy to compare key characteristics of various civil reactor designs against the requirements for the potential use in commercial maritime shipping as well as evaluating a range of regulatory, operational, ...
  • NYK acquires UK logistics company
    Japan's Nippon Yusen Kaisha (NYK) has bought Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions Limited (GFS), a specialist in fulfillment services for e-commerce businesses, from order receipt to delivery. The UK e-commerce market is the third largest in the world after China and the US, according to NYK. "The ...
  • Biden administration announces $3bn clean ports investment
    The US Environmental Protection Agency (EPA) has announced the launch of a $3bn clean ports program to fund zero-emission port equipment and infrastructure. The EPA is releasing two separate notice of funding opportunities. First, the nearly $2.8bn zero-emission technology deployment competition will directly fund zero-emission port equipment and infrastructure to reduce mobile source emissions a
  • Does GDP matter for shipping?
    Pierre Aury has some advice for executives looking too closely at the health of national economies. My January column discussed AI, global warming, the geopolitical situation and the possibility of a financial crisis as likely or not to shape 2024. It triggered some feedback along the lines of a recession being more likely to have ...

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Lloyd's List web site
FEBRUARY 29, 2024
  • Berge Bulk orders newcastlemax pair at CSSC yard as ordering momentum grows
    Deal comes as newbuild activity for large bulkers is picking up pace in recent years
  • Strong finish sends BW LPG to strongest year on record
    BW LPG posted its strongest financial year after a robust fourth quarter, during which VLGC rates climbed to near-record levels...
  • Okeanis eyes 'even better' longer-term scenario for tankers
    New York- and Oslo-listed owner clinches sharply higher rates in first quarter of 2024 after record 2023
  • International Seaways reveals $232m MR acquisition as it posts record profits
    International Seaways has posted its strongest year on record and unveiled acquisitions for six medium-range tankers totalling $232m. Chief executive...
  • EU to support shore power and e-fuel projects in ports with $1bn fund
    The EU has launched a call for proposals from the transport sector, as the bloc aims to support alternative fuel...
  • Hamburg feels effect of northern range slowdown
    Throughput was down in 2023 as weak economic conditions and geopolitical tensions affected trade. For terminal operator HHLA, there was...
  • Euroseas newbuild charter illustrates bounce in market for boxships
    Nasdaq-listed owner aims to 'continue capitalising' on firmer market for other vessels coming open, including three 1,800 teu newbuildings
  • Red Sea crisis deals blow to Piraeus' standing as East Med's transhipment king
    Lloyd's List Intelligence data shows calls of larger tonnage, 10,000 teu and above, at Piraeus have more than halved since...
  • IMO to adopt practical mid-term measures to put decarbonisation back on track
    Secretary-general is optimistic on shipping's chances of reaching new IMO targets aiming for net zero by or around 2050, as...
  • Shipping prepares for its first dance with carbon trading
    Companies are scrambling to set up trading accounts, while a niche industry springs up to help them manage an unfamiliar...
  • CMA CGM completes Bolloré Logistics deal
    CMA CGM's growing presence in the logistics sector is cemented through its acquisition of Bolloré Logistics. But it has lost...
  • Eastern Pacific exercises options for two tankers and four bulkers at Chinese yards
    Singapore-based shipowner now has 10 ammonia dual-fuel bulkers on order at Beihai Shipbuilding
  • Svitzer prepares to go it alone
    Towage and terminal service may not be a high-growth sector. But the chief executive says there are benefits to avoiding...
  • Norden expands capesize fleet with four newbuilds
    Danish company aims to prioritise dry bulk tonnage this year amid higher asset prices in the tanker market
  • K Line seals storage site agreement for Malaysia CCS project
    K Line and its partners have been working on a storage site project since 2022. In September 2023, the consortium agreed...
  • Frontline sees Q4 boost from Euronav VLCCs
    Last year 'exceptional for tanker industry' and Red Sea disruption will benefit larger vessels, says Barstad
  • Daily Briefing
    Heightened security threat accepted norm for Ukraine's Black Sea traders | Rubymar owners defy Houthi threats in final bid to...

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The Journal of Commerce web site
FEBRUARY 29, 2024
  • US shippers urged to use technology to fight cargo crime, fraud
    Using layers of technology from digital documents to artificial intelligence to tracking devices, shippers can detect and even head off the growing threat of cargo crime, experts say.
  • CMA CGM closes $5 billion Bolloré deal, but faces bidding war for Wincanton
    The carrier's acquisition spree has brought one of France's largest transport and logistics companies into the group, but its bid to acquire UK forwarder Wincanton is being challenged.
  • PayCargo targets invoice automation with Rippey AI acquisition
    PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions.
  • J.B. Hunt veteran Shelley Simpson tapped as company's next CEO
    Simpson will become the first woman to take the top job at J.B. Hunt, something many in the industry expected to happen after she was named president 18 months ago.
  • MPV carriers settle into reliable 'new normal' for vessel diversions
    The multipurpose sector is managing security risk, dodging pricey transit fees at the Panama Canal and finding new cargo sources as route diversions globally become routine.
  • Ocean carrier push for carbon pricing mechanism not without risk
    Carriers are advocating in increasingly vocal and high-profile ways to ensure that an effective price on carbon comes out of IMO deliberations and puts regulatory teeth behind its commitment to eliminate carbon emissions from shipping by or around 2050.
  • APM looks to ease trucker woes over New Jersey terminal appointment system
    APM Terminals will make more slots available for retrieving import containers at its Port Elizabeth site as truckers say delays in booking appointments are worsening.
  • Cosco to partner in ONE's upcoming India-US East Coast WIN service: sources
    The move makes sense, according to a Mumbai-based source, as ONE needs a partner to fill space and Cosco needs a strong service out of India.
  • Carrier on-time service levels plummeted in January amid Red Sea crisis
    A drop in schedule reliability was expected on trade lanes such as Asia-Europe and Asia-US East Coast, but the diversions around southern Africa have also affected routes not directly connected to the Red Sea.
  • New Saudi feeder line to tap into Red Sea-driven changes in demand
    Folk Maritime's stated goal is to "fill an essential void" in the regional maritime market, with its launch coinciding with heavily disrupted container shipping flows.
  • RK Logistics joins wave of 'tuck-in' acquisitions to reach East Coast
    As California-based RK Logistics' high-tech customers move east to new markets, the logistics provider is following by buying New York-based On Time Trucking.

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TradeWinds web site
FEBRUARY 29, 2024
  • Broker BRS calls time on the boom in values of older tankers
    Company believes geopolitical pendulum has swung away from veterans to younger models
  • New Fortress declares its FLNG project as 'fastest on the planet'
    Company switching to next facility on shore as it awaits first export cargo from offshore unit in April
  • Excelerate Energy eyes up vessel acquisitions and newbuildings
    Houston-based regasification specialist also pursuing investments in LNG terminals and downstream infrastructure
  • Seaways sees rates improve across diverse fleet as another strong quarter looms
    Manhattan-based owner expects to have all six Wayzata MR acquisitions operating in first half of 2024
  • Golar LNG secures 2027 delivery slot for next-up LNG-to-FLNG conversion
    Company plans separate listing for flare gas-to-LNG venture Macaw Energies
  • Frontline boss Barstad says Red Sea is 'a proper mess' due to 'random' attacks
    Tanker owner's boss says every vessel could be a target for the Houthis
  • Marsh and Markel combine to set up new marine insurance facility
    New follow form facility will cater for Marsh's global marine portfolio
  • Pondering the 'absurd': Bank analysts trade blows over Teekay Tankers
    This week's Streetwise takes a look at what's to blame for a big sell-off in Teekay stock following strong earnings
  • India calls for extra powers from UN to tackle Somali piracy
    The country's navy was involved in an operation to retake the bulker Lila Norfolk after it was seized by armed group
  • Grindrod Shipping sheds another older bulker as rates rise
    Singapore owner sells 2011-built handysize and reveals better forward bookings
  • International Seaways confirms six-MR tanker swoop
    New York-listed shipowner used shares for 15% of deal price
  • CMA CGM completes €4.85bn buy of Bollore Logistics
    Takeover of French logistics peer marks the biggest acquisition in CMA CGM's history
  • Herbjorn Hansson just wants to talk 'upward slope' of Nordic American Tankers success
    Quarterly profit drops to close out 2023, but company trumpets full-year results and future prospects
  • New Fortress Energy fires up its FSRU-based Barcarena terminal in Brazil
    Company turns in record results but still awaits start-up of its delayed first FLNG unit
  • Cosco Shipping International bounces back to profit
    Singapore-based logistics company is concerned about the impact of economic slowdown
  • Golar LNG signs up 'potential customer' to either its next-up or existing FLNG units
    Company reveals it has ploughed over $1.5bn into conversion floater for BP's delayed project
  • Two Genco Shipping capesizes back on sales block after deal implodes
    New York owner was to receive combined $36.5m from sale of older duo
  • John Fredriksen getting his money back as Frontline refinances 24 tankers in $900m deals
    Cash from recent sales will also be used to clear loans granted by major shareholder
  • Atlantska makes ultramax bulker debut with order in China after takeover by rival
    Croatian owner continues fleet modernisation with deal for two bulkers
  • Altera Shuttle Tankers prices upsized $200m bond issue as it refinances
    UK-based owner's new deal comes in 0.5% under 2025 notes' interest coupon
  • Greek shipowner Victor Restis in UK legal tussle over $46m claim
    Businesswoman Amanda Staveley claims she felt intimidated into signing documents linked to 16-year-old debt
  • Ocean Yield hunts new deals and plots bond issue as profit rises
    Sale-and-leaseback specialist has been busy
  • Norden buys four capesize newbuildings in deal worth over $271m
    Danish firm has been building up its owned and operated fleet of capesizes
  • Damaged Subsea 7 WTIV drags on quarterly earnings, but focus is on future
    Revenue should grow in 2024, the Kristian Siem-backed offshore player says
  • Norden buys four capesize newbuildings in deal worth over $300m
    Danish firm has been building up its owned and operated fleet of capesizes
  • Favourable exchange rates and rise in shipbuilding revenue lift Yangzijiang's net profit
    Higher value contracts see Chinese shipbuilder's revenue increase despite lower number of deliveries
  • BW LPG expects more VLGC volatility after logging best ever quarterly profit
    Singapore owner believes market fundamentals remain sound despite big swings in rates
  • BW Offshore stockpiles cash with ship divestments and share sales
    Moves help FPSO owner push dividend as high as it can go
  • UK inquiry to probe results of shipping sanctions
    Treasury committee calls for evidence about the performance of UK's sanctions regulator
  • Ambitious marine insurer Charterama renews five-year deal with RSA
    Rotterdam-based insurer is aiming to double in size in the coming years
  • Excelerate Energy plans to move from 'strategy to action' in 2024
    Chief executive Steven Kobos flags up transition into growth mode as company turns in end-year results
  • Frontline takes a swipe at owners putting crews at risk with Red Sea transits
    Norwegian owner says 'some actors' still willing to make dangerous passage
  • Euroseas gets juicy charter for newbuilding in rising boxship market
    Red Sea disruption yields lucrative employment for feeder vessel that has yet to be delivered from the yard
  • Malaysia's MISC sees fourth-quarter profit dip on higher costs and taxes
    But shipowner remains upbeat for prospects in tanker and LNG markets
  • Frontline reveals jump in first quarter rates as it sees first boost from Euronav VLCCs
    John Fredriksen's tanker giant says earnings capacity has grown by more than a third after acquisition
  • 'Measured' amount of shuttle tanker ordering 'imperative', KNOT Offshore Partners says
    Boss Derek Lowe argues that contracting at shipyards is a sign of confidence in the sector
  • Okeanis Eco Tankers posts record annual profit as a listed company
    Alafouzos family-controlled firm also raises dividend as fourth-quarter profit rebounds
  • Eastern Pacific confirms orders for ammonia dual-fuel newcastlemax bulkers at Chinese yard
    Shipowning giant firms up long-mooted bulker orders and declares an option for two LNG dual-fuel tankers
  • Eastern Pacific confirms orders for ammonia dual-fuel kamsarmax bulkers at Chinese yard
    As shipowning giant firms up long-mooted bulker order, it also declares option for two LNG dual-fuel tankers
  • Malaysia's MISC sees fourth quarter profit dip on higher costs and taxes
    But shipowner remains upbeat for prospects in both the tanker and LNG markets
  • Ray Car Carriers behind pricey PCTC orders at Hyundai Mipo Dockyard
    The LNG dual-fuel 7,500-ceu PCTCs cost $134m each

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American Shipper web site
FEBRUARY 29, 2024
  • Amazon's return of leased cargo jets hurts ATSG profit
    Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.
  • Texas, Louisiana ports' January cargo volumes a mixed bag
    Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline.
  • CBNC supply chain reporter, daughter pen book on family histories of slaves
    While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.

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Signed the act for the rebalancing of the concession in chief of Venice Terminal Passengers
Venice
Spain : The aim is to "create a new normal", which is aimed strongly at an upper-middle customer segment, with the aim of creating a pole for luxury cruises in Venice, " he said.
In October, freight traffic in the ports of Genoa and Savona-Ligure
Genoa
Recorded increases of 2.5% and 21.9%, respectively. It continues the downturn of cruises in both scallops
Fincantieri has delivered the new cruise ship Viking Vela to Viking
Trieste / Los Angeles
Can accommodate 998 passengers
The government of Montenegro wants to bring the port of Adria back under state control
The government of Montenegro wants to bring the port of Adria back under state control
Podgorica
Will evaluate the possible acquisition of the majority stake in the Turkish Global Ports Holding
China's seaports handled record cargo traffic for October
China's seaports handled record cargo traffic for October
Beijing
Containers amounted to over 24.4 million TEU (+6.2%)
Stable the traffic of goods in the port of La Spezia in the period of July-September
Stable the traffic of goods in the port of La Spezia in the period of July-September
The Spezia
Marina di Carrara has been recorded a decrease of -15.6%
At Spezia they don't want a president of the AdSP "parachuted"
The Spezia
They ask for a president "plug & play" able to deal with the problems right away
Defined the location in the port of Gioia Tauro of the construction site for the bridge over the Strait of Messina
Joy Tauro
The OYAK and OIA funds will invest in the Turkish port of Iskenderun
The OYAK and OIA funds will invest in the Turkish port of Iskenderun
Ankara
Expected the realization of a terminal container
T&E calls for EU measures to limit ship speed and greater use of wind propulsion
Brussels
Summary complaint of the organization on the progress made by the shipping industry for decarbonisation
To extend the customs corridor to goods in export and on transhipment in the port of Spezia
The Spezia
He was speaking at a meeting between the AdSP and the Customs Agency.
After Maersk, Hapag-Lloyd also initiates an agreement with Chinese Goldwind for supplies of green methanol
Messina (Assshipowners) : yes to the environmentalist push, but the timing and the ways are wrong
Rome
Local, often untimely, local norms have the only effect of moving traffics out of the Old Continent.
Port of Ravenna, final visit of the EU representative to the project "Ravenna Port Hub : Infrastructural Works"
Ravenna
The European contribution has been more than 30 million euros.
In 2023, the performance of road and rail transport services fell in Switzerland.
Neuchâtel
Modal shares remained unchanged
New intermodal service Melzo-Marcianise of Hannibal
Melzo
Two weekly rotations that from the first quarter will rise to three
PSA and Evergreen to jointly operate container terminal in Singapore
PSA and Evergreen to jointly operate container terminal in Singapore
Singapore
The new company will become operational by the end of 2024
In the third quarter economic growth of trade in goods and services of G20
In the third quarter economic growth of trade in goods and services of G20
Paris
Down the value of goods to and from China
Omanita group Asyad will manage the port of al-Suwayq for 40 years
Muscat
The expansion of the stairway and the construction of a quay
The Companies inform
Accelleron initiates partnership with Geislinger to expand service business in the Mediterranean region
Memorandum of Understanding for the creation of an intermodal terminal in Budapest
Astana
A delegation of the Kazakh KTZ Express to the port of Rijeka
The BIMCO has adopted the FuelEU Maritime Clause
Copenhagen
The European regulation will enter into force next January.
Kenon Holdings (Idan Ofer) announces the next exit from the capital of ZIM
Singapore
Currently owns 19.8 million shares
NIM and EH Group will develop hydrogen fuel cell technologies for shipping
In the third quarter of 2024 the traffic of goods in the port of Tanger Med increased by 11%
Anjra
In the first nine months of the year, growth was 12% percent.
Project of the ovadese Vezzani to set up a terminal for the automotive in Porto Marghera
Venice
Filed for the release of a demanial concession for the quay ex Sirma
In the third quarter the port of Koper has handled 287,410 containers (+ 11.8%)
Koper
In the first nine months of 2024, it was 835,506 (+ 2.9%)
The Zephyr Group snaps up Singaporean Twinco and Germany's Carl Baguhn
The Spezia
The two companies operate in the area of spare parts and components for diesel and gas engines
Rixi, without the ETS review, European maritime fleets will continue to suffer a competitive disadvantage
Rome
According to the deputy minister, it is necessary to intervene at the root of the problem
PSA Italy continues in purchase of equipment for Marghera terminal
Genoa
Committed total value of 8.5 million euros for three rubber-tyred gantry crane electric
Corsica Sardinia Ferries in search of navigating personnel
Go Ligure
The wanted profiles are different, for machine areas, room and kitchen
Agreement for the digital integration of the FS and AdSP Polo Logistics systems of the Western Liguria
Genoa
New Oriental Mediterranean Service-Adriatic via Malta of CMA CGM
Marseille
Will have a weekly frequency
Brussels to give state aid for 1.9 billion euros to German railway company DB Cargo
Brussels
Renewed the Governing Council of Wista Italy
Milan
Constancy Musso confirmed president
Maersk completes orders to three shipyards for 20 new container ships
Copenhagen
In Yangzijiang Shipbuilding committed for six 17,000 teu ships and two from 9,000 teu. At Hanwha Ocean and New Times Shipbuilding ordered six units from 15,000 teu each
Biagio Mazzotta assumes the post of Vice-President of the Federation of the Sea
Rome
President of Assonave will be running for vice president of ENMC
ESPO calls on the new EU Commission to maintain and strengthen the CEF programme
Brussels
The exhortation is also to better adapt it to the needs of ports and their stakeholders
The agreement on training between the AdSP of the Tirreno Centre Northern, the ITS Academy, " G. Caboto " and the European Escola
Cyvitavecchia
Consultation on the extension of the UK ETS to the maritime sector
London
Shipping would be included since 2026
MSC completes acquisition of a minority stake in HHLA
Hamburg
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
ONE acquires a stake in Jakarta's NPCT1 terminal container
Singapore
It has a traffic capacity of 1.5 million teu per year
Transped orders a mobile crane Konecranes Gottwald for its Porto Marghera terminal
Helsinki
It will be taken in delivery in the second quarter of next year
Dutch Raben Group and Swiss elvetica Sieber Transport make up a joint venture
Oss / Berneck
It will detect the Swiss company's groupage transport activity
Dachser & Fercam Italia has opened a new branch in Arezzo
Bolzano
Three thousand square meters of operational surface area and 400 of offices
Fincantieri initiates agreement with SIMEST for the growth of watermark businesses
Milan / Trieste
Conference for the 30 th birthday of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
Approved the Plan of the Organic Ports of Sardinia
Cagliari
There are 938 workers in the 36 enterprises operating in the scallots
Saipem has awarded an EPCI offshore contract from BP in Indonesia
Milan
Container ship charterer MPCC's revenues fell by -28% in the third quarter
Oslo
Fermerci reports delays and cuts to incentives for rail freight transport
Rome
Paper: Real risk of losing 115 million euros
In the third quarter, traffic in shipping containers of Moroccan Marsa Maroc increased by 5% percent.
Casablanca
Exhaustion of the growth of transshipment volumes
At Samsung Heavy Industries orders for the construction of four 16,000-teu container carriers
Busan
Commits the value of about 781 million
Eni-MSC agreement in the field of sustainability and energy transition
San Donato Milanese
It was subscribed by Claudio Descalzi and Diego Aponte
The Grimaldi terminal in the port of Barcelona has been equipped with Onshore Power Supply
Barcelona
It will become operational in January
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
Conference for the 30 th birthday of WISTA Italy
Genoa
It will be held tomorrow at Palazzo San Giorgio in Genoa
Conference of the CNEL on the Sustainability of Maritime Transport
Rome
It will be held on November 27 in Rome
››› Meetings File
PRESS REVIEW
North Korean tankers transport over one million barrels of oil from Russia
(NK News)
Sudan govt scraps $6bn Red Sea port deal with UAE
(The North Africa Post)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
South Korea's HJSC adjusts a salesperson for four new 7,900-teu container ships
Busan
Rolf Westfal-Larsen Jr. has been elected president of Intertanko
London
Undergoes to Paolo d' Amico
COSCO and SIPG will acquire 10% each of the capital of SAIC Anji Logistics
Shanghai
They will participate in the capital increase of the logistics company of SAIC Motor
AD Ports continues in its investment campaign in Egypt
Cairo / Abu Dhabi
Agreement to realize an industrial area of 20 square kilometers in East Port Said
Dimitri Serafimoff has been elected as the new president of CLECAT
Dimitri Serafimoff has been elected as the new president of CLECAT
Brussels
He will also retain the presidency of the CLECAT Customs Institute
Ok of the Rovigo Tribunal to the Restructuring Plan of Shipbuilding Victory plan
Adria
On the completion of the sale of the company to CNV Srl
Port of Ancona, in 2023, underlines the AdSP-container traffic grew by 5%
Ancona
The Port Authority disputes the data released by the Fedespedi Studies Center
Mr vard will build five support ships in the offshore industry.
Trieste
Designed to accommodate up to 190 people, they will be carried out in Vietnam
Alpe Adria activates new rail service between the port of Trieste and the Malpensa Intermodal terminal in Sacconago
Trieste
Euroseas order in China the construction of two 4,300-teu feeder container
Athens
Quarterly revenue from rentals inj growth of 5.8%
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