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04 April 2025 - Year XXIX
Independent journal on economy and transport policy
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March 1, 2024

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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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FROM THE HOME PAGE
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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