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31 July 2025 - Year XXIX
Independent journal on economy and transport policy
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February 8, 2024

free news
Exim India web site
FEBRUARY 8, 2024
  • Major Ports have improved their operational performance: Minister
  • Global growth seen continuing at a modest pace through 2025
  • Despite gains due to Red Sea crisis, oversupply to pull container shipping freight rates down: Report
  • Govt to support projects for green hydrogen in shipping
  • India's robust domestic demand to mitigate APAC slowdown, says Moody's
  • Bahri Logistics and GDC Middle East sign MoU paving the way for strategic partnership
  • CMA CGM PSS on reefer from North Europe to Asia, Middle East, Red Sea, Indian Subcontinent, East Med & North Africa
  • Mumbai Port shines at Major Ports Athletic Meet 2023-2024
  • Suez Canal revenues plunge due to Red Sea disruption
  • Russia's Northeast Passage seen as an alternative to the Suez Canal
  • Cessation of Force Majeure at Krishnapatnam Port
  • YOU ASK.. WE ANSWER...
  • Maqta Gateway acquires majority stake in Dubai Technologies
  • Kobe-Osaka International Port demonstrating hydrogen-fuelled cargo handling machinery

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International Transport Journal web site
FEBRUARY 8, 2024
  • Post-lockdown blues
  • Medlog takes charge of iPort Rail
  • A fresh pair of hands for the Nordic market
  • A strategic move to Stansted
  • CPKCR continues its H2 course
  • The dexterity of AI
  • No buyer for HMM (yet)
  • Mourning for managing director Michaela Przybylla
  • NAS opens office in Italy
  • GAC's Seoul debut
  • Expanding business with intermodal services
  • Röhlig goes to Canada
  • Returning to Eimskip
  • "Curiosity of the Day"
  • A reliable partner
  • Nippon augments its quotes service
  • EUR 100 million for rail technology upgrade
  • Towards a greener Baltic Sea
  • Lubbers joins the pipeline

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The Loadstar web site
FEBRUARY 7, 2024
  • HMM sale fails due to differences over management rights
  • XPO Logistics overcomes soft market to post Q4 earnings increase
  • EXCLUSIVE: DSV reorganisation revealed - 'the future is M&A'
  • Revised carrier schedules bedding-in, say shippers, but they see trouble ahead
  • Carriers soak up 300,000 teu of newbuilds - but there's more to come
  • New rail safety measures still in limbo a year after East Palestine derailment
  • More haulage jobs at risk as another UK SME faces bankruptcy
  • Flexport, Tim Collins and a lost half-million-dollars
  • Terry Fouracre steps up as a Palletways UK regional general manager

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Marine Log web site
FEBRUARY 7, 2024
  • VIDEO: NSIA reports on deadly Viking Polaris encounter with a breaking wave
    The Norwegian Safety Investigation Agency has released its report on the November 2022 incident in which one passenger died and eight others were injured after a breaking wave hit the expedition cruise
  • Houthi attacks continue, but don't stop Red Sea trade
    Major strikes on Houthi infrastructure in Yemen carried out by the U.S. and U.K. on February 3, seemed to have brought a two day pause in the Iran-backed group's attacks on merchant
  • Resolve Marine sells its Gibraltar towing ops to Boluda
    Fort Lauderdale, Fla., headquartered Resolve Marine has announced the sale of its Gibraltar operations. Two divisions are part of the sale: the company's harbor towing operations and fleet were sold to Valencia,
  • BMT launches new 48-meter SOV design with a SWATH hull
    A new design for a 48-meter long service operation vessel (SOV) from BMT features a SWATH hull that, the company says, will be a game-changer, enabling operations in challenging sea conditions and

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Container News web site
FEBRUARY 7, 2024
  • Language Diversity in Business: How Machine Translation Can Propel Your Company Forward
    Language diversity presents both opportunities and challenges for businesses in international markets. Companies now engage with clients, partners, and employees from different linguistic backgrounds more than ever. This diversity, while enriching, also creates communication barriers. Machine translation (MT) emerges as a key solution in this scenario. It has evolved significantly, providing busi
  • Find Out How to Successfully Apply for the Container Logistics Career
    Young students must remember one optimal and reliable option when choosing a promising career. An excellent future profession option for a young specialist could be a logistics career, particularly container logistics. The first advantage of choosing a career in logistics is that it is a highly specialized, highly in-demand skill that will not lose relevance soon. Logistics specialists will be ne
  • Valenciaport reports traffic decline in 2023
    In 2023, Valenciaport concluded the year with a traffic decrease of 2.81%, just half a point above the average results of the Spanish Port System. The dip in both Valencian docks and other Spanish ports is attributed to the global contraction of international trade, influenced by the economic repercussions of conflicts in Ukraine, and Palestine, and the uncertainty stemming from the Red Sea confl
  • Container market grows marginally in 2023 as the fleet swells
    In this week's "Shipping Number of the Week" from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the state of the container market in 2023 which has lagged overall economic development significantly in terms of growth. In addition, the fleet capacity continues to swell, challenging liner operators. "In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compa
  • Port of Antwerp-Bruges seeks innovative solutions for sustainable PFAS water treatment
    During infrastructure projects in the Antwerp port area including soil excavation, significant amounts of PFAS-contaminated drainage water are released. This water, comprising contaminated groundwater and brackish Scheldt and dock water, undergoes purification before being discharged. However, current purification methods are deemed insufficiently effective and sustainable. Consequently, the Port
  • 6 Innovative upgrades boost efficiency in handling and transporting shipping containers
    Shipping Containers are basically the workhorses of modern transportation. They provide efficient transporting of goods, faster shipping processes, enhanced port efficiency, and allow for better management of inventory along the supply chain. In recent years, advancements in technology and new eco-friendly practices have been adopted by shipping companies everywhere to aid in the longevity and ef
  • Maersk partners with Puma for first semi-automated omnichannel fulfilment distribution centre in Chile
    Maersk partners with Puma to operate the first semi-automated omnichannel fulfilment distribution centre in Santiago de Chile. The warehouse and distribution solution will provide Puma with end-to-end visibility from its factories in Asia Pacific region to its distribution centre in Chile, including middle mile. The site will be in strategic economic centres in Santiago de Chile with quick access
  • Boluda Towage enhances its fleet with acquisition of Resolve Salvage and Fire
    Boluda Towage, a division of Boluda Corporación Marítima specializing in port, coastal, and offshore towage, as well as maritime salvage, has acquired Resolve Salvage and Fire (Gibraltar). This acquisition marks another step in Boluda Towage's international expansion efforts, particularly in the crucial maritime transport hub of the Strait of Gibraltar, connecting the Atlantic to the Indian Ocean
  • HMM sale to Harim-JKL collapses
    HMM will not be sold to the Harim Group-JKL Partners consortium, after talks with the South Korean flagship carrier's state-controlled shareholders, Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC), fell through after midnight Seoul time today (7 February). After seven years of being under state control following a debt-for-equity swap to avert bankruptcy, it appeared that
  • Danube River maintains Ukraine's container operations
    In the face of a concerted effort to cripple Ukraine's port infrastructure, Danube River ports at Reni and Izmail have maintained exports throughout the war and the influence of these ports is growing. The Danube River in Ukraine is a vital shipping route, and its importance increased with the decline of Ukraine's exports via the Black Sea in the early part of the war with Russia. Insurers at the
  • Container rates surge amid Red Sea crisis
    In response to the escalating Red Sea crisis, Container xChange , an online container logistics platform, has released a comprehensive report detailing the far-reaching effects on container trading and leasing rates worldwide. The report explores the intricate dynamics of the crisis, shedding light on the unprecedented surge in container prices and leasing rates, as well as the ripple effect on g
  • ILWU, ICTSI Oregon reach agreement to settle all legal disputes
    The International Longshore and Warehouse Union (ILWU) and ICTSI Oregon have jointly announced the resolution of all legal disputes. According to a statement, this settlement brings an end to ICTSI's claims against ILWU in the prolonged litigation known as ICTSI Oregon, Inc. v. International Longshore and Warehouse Union, et al., Case No. 3:12-cv-1058-SI, which was pending in the United States Di
  • Samsung Heavy Industries achieves landmark US$3.4 billion deal
    Samsung Heavy Industries announced a significant milestone, sealing a US$3.4 billion deal with a ship owner from the Middle East. This agreement entails the construction of fifteen LNG carriers, each with a capacity of 170,4000 m³ (cubic metres), scheduled for delivery by October 2028. This contract marks a new pinnacle for Samsung Heavy Industries, surpassing its previous record of US$2.9 billio

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Splash web site
FEBRUARY 7, 2024
  • HICO Investment buys into UK CTV operator
    HICO Investment Group, a private investment business of the Hartnoll family, has invested in low-carbon crew transport vessel (CTV) supplier Tidal Transit. Tidal Transit's ongoing projects include the development of the world's first electric crew transfer vessel retrofit, onshore and offshore charging solutions, and a fully electric e-foiler in partnership with Artemis Technologies. All these ...
  • Top Ships agrees sale and leaseback deals for five tankers
    Greek tanker owner and operator Top Ships has entered into sale and leaseback financing agreements with three major Chinese financiers for five of its tankers. Two financing deals are for two 157,000 dwt suezmax tankers, Eco West Coast and Eco Malibu. The duration of the agreements is ten years, and the company has continuous options ...
  • Euronav shareholders overwhelmingly back CMB.TECH deal
    An overwhelming majority of shareholders in Euronav have voted in favour of the acquisition of the Saverys family-controlled Compagnie Maritime Belge (CMB)'s cleantech division, CMB.TECH. More than 99% of the shareholders backed the $1.15bn cash deal that will see the Antwerp-based dual-listed tanker giant with a fleet of 50 ships on a fully-delivered basis buy ...
  • Herbosch-Kiere and Enshore Subsea JV buys 25-year-old cable layer
    Belgium's Herbosch-Kiere and the UK's Enshore Subsea have joined forces to buy the shallow-draft cable layer . The vessel will be managed and operated by a new joint venture between the two companies, named Combine Marine Offshore Services (CMOS). Following delivery, the 25-year senior citizen of the seas will be renamed the CMOS Installer. The ...
  • NYK and Stolt Tankers venture orders six chemical tankers
    NYK Stolt Tankers a joint venture between Japanese line Nippon Yusen Kaisha (NYK) and chemical tanker giant Stolt-Nielsen has ordered six 38,000 dwt stainless steel vessels at Nantong Xiangyu Shipyard in China Stolt Tankers, a Dutch-based division of Oslo-listed Stolt-Nielsen and the Tokyo-headquartered NYK will see the ships delivered between late 2026 and 2029. The ...
  • Shih Wei Navigation inks first bulker orders in nearly a decade
    Shih Wei Navigation has ended close to a decade-long order drought by signing up for ultramax bulk carrier newbuilds in Japan. The Taiwanese bulker owner and operator of around 30 ships has contracted Oshima Shipbuilding in Japan through Sumisho Marine for a pair of 64,000 dwt units. The newbuilds costing up to $39m each, according ...
  • Smyril Line orders methanol-ready roro pair from CIMC Raffles
    Faroese shipping company Smyril Line has hired the CIMC Raffles shipyard in China to build two new cargo ships for the company. These are two identical roro ships, measuring 190 meters in length and having 3,300 lane meters for trailers. The new cargo ships will join the company's current network, and they are planned to ...
  • Hayfin takes suezmax newbuild tally to four
    Hayfin Capital Management has pulled the trigger on two optional methanol-ready suezmax tanker newbuilding slots in South Korea. The London-headquartered alternative investment platform has firmed up a pair of 158,000 dwt units at HD Hyundai for about $86.2m each, taking its suezmax orderbook at the yard to four. The options exercised follow the first duo ...
  • CBED puts fresh SOV acquisition to work
    Danish offshore accommodation specialist CBED has secured employment for one of its two recently acquired service operational vessels. The company, part of Maonjasa Holding, has fixed the 2017-built SOV Wind Evolution to OEG Energy subsidiary Hughes Subsea. The walk-to-work contract will secure utilisation of the former VOS Start until early Q1 2025 and comes with ...
  • Ørsted to cut up to 800 jobs and exit some offshore wind markets
    Danish offshore wind giant Ørsted is cutting jobs and exiting several markets after a "substantially challenging" 12 months and massive impairments and additional costs related to its US offshore projects. Ørsted said Wednesday it would withdraw from markets in Norway, Spain, and Portugal and cut as many as 800 jobs to reduce risks and "become ...
  • Dubai Mercantile Exchange hits largest trading and delivery volume peak since 2018
    Middle Eastern energy-focused commodities exchange, Dubai Mercantile Exchange (DME), has recorded a large increase in total volume and physical delivery in 2023 compared to the year before. DME's front-month trading volume in 2023 surged to 800m barrels, surpassing the 2022 figure of 752m barrels, and attaining the highest levels since 2018. Similarly, the physical delivery ...
  • CoolCo pens year-long charter for LNG carrier
    New York-listed LNG carrier owner Cool Company (CoolCo) has entered into a new time charter agreement for one of its tri-fuel diesel electric (TFDE) vessels. The 12-month time charter is with Santos Shipping Singapore and is scheduled to begin in the first quarter of 2024. In the third quarter of 2024, the vessel is expected ...
  • Twin strikes take Houthi ship attacks to the 50 mark
    With more missiles yesterday the Houthis took their merchant ship strikes to the 50 mark, underlining the severity of the security situation in Middle Eastern waters where US-led counterstrikes have failed to deter the Yemenis. In total six missiles were fired yesterday, three at the Star Nasia kamsarmax belonging to Star Bulk and three at ...
  • Shadow fleet faces tricky path to the breaker's torch
    With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there's now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these sanctions-busting ships is proving hard. The 25-year-old Bradley aframax is now headed on its final voyage to Pakistan to meet ...
  • Woodside and Santos pull the plug on $56bn merger
    Australian energy majors Woodside and Santos have stopped all discussions regarding an A$85.7bn ($55.9bn) merger. The two confirmed media speculations regarding the merger at the start of December last year. At the time, Woodside said that the discussions remained confidential and incomplete and that there was no certainty that negotiations would lead to a transaction. ...
  • Helix bags contract extensions in Brazil and US Gulf
    Houston-based offshore contractor Helix Energy Solutions has landed contract extensions in Brazil and in the US Gulf of Mexico. The first deal is a 12-month extension of its decommissioning contract with Trident Energy in Brazil. The campaign is set to start in the fourth quarter of 2024 at rates in line with the improved well ...
  • International Seaways and Ultranav form aframax pool
    New York-listed tanker owner International Seaways has launched Aframax International, a joint venture pool with Chilean owner Ultranav. According to a social media update by International Seaways, the joint venture will build upon more than 20 years of partnership on different vessel sizes. It will commercially manage all aframaxes of the two companies. The company ...
  • HMM privatisation process collapses
    The long planned privatisation plans for South Korea's flagship carrier lie in ruin today. Harim Group, whose bid with a local private equity firm had been the one selected by state banks, announced in a stock market release that it was pulling out of the deal to take HMM private. "Negotiations were conducted on the ...
  • Venezuelan oil sanctions to return in April
    The US has announced the expiration of Venezuela's oil sanctions exemption in April. Last October, Washington issued a six-month general licence for transactions involving Venezuela's oil and gas sector following an electoral roadmap agreement signed by Venezuelan president Nicolas Maduro and opposition politicians in Barbados. Since then, Maduro has not stuck to his promises for ...
  • MOL in world-first crane conversion to hydrogen power
    Mitsui OSK Lines (MOL) is converting the engine of a rubber-tired gantry crane at a terminal it controls in Kobe from diesel to hydrogen in a world first. MOL will receive government funding to help with the demonstration project at Kobe International Container Terminal. "In Japan's ports and waterfront areas, the development of carbon neutral ...
  • TotalEnergies buys 75% stake in Vantage drillship for $200m
    French energy major TotalEnergies and offshore driller Vantage Drilling have signed a binding agreement to create a new joint venture that would acquire from Vantage the drillship. Under the terms of the agreement, TotalEnergies will pay $199m for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. The JV ...
  • Europe to give shipping priority access to greener fuels
    The European Commission published on Tuesday its proposal for a 2040 climate target laying out the pathway to make the European Union climate neutral by 2050 with shipping shown its green pathway, and a noticeable rapprochement with the industry's global regulator, the International Maritime Organization (IMO). European shipowners welcomed the commitment of the commission to ...
  • Live Animal Export: The animals who returned home to have their stories told
    The plight of more than 16,000 animals stuck on a boiling-hot livestock carrier for the past month has made headlines around the world. Dr Lynn Simpson, a well-known former live export veterinarian, writes for Splash today, praising the Australian government for locating its backbone finally. A callous, selfish, greedy and unconvincing application to re-export nearly ...

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Lloyd's List web site
FEBRUARY 7, 2024
  • Flex LNG 'well positioned' ahead of increase in LNG carrier capacity
    Flex LNG chief executive warns of challenging years ahead for the LNG freight market because of increased capacity, but says...
  • Red Sea war risk cover 'sustainable', Roberts insists
    Echoes of the tanker war, but Houthis may actually be showing restraint
  • Euronav shareholder confirms CMB.Tech takeover
    The formal rubber-stamping of a 100% share takeover of CMB.Tech by Euronav shareholders confirms the radical new directions of the...
  • Stolt NYK announces fleet modernisation programme with six-vessel order
    New 38,000 dwt ships ordered by a Stolt Tankers and NYK joint venture will mirror design of six vessels contracted...
  • DHT expects 'rewarding times' as it reports second-best year
    New York-listed, VLCC pure-play DHT reports net income of $161.4m for 2023, its second-best year on record, and says freight...
  • Singapore to tighten bunker fuel test rules to tackle contamination
    Maritime and Port Authority of Singapore to require additional tests in the upstream bunker fuel chain in a move to...
  • Boxship tonnage providers 'aggressively' trying to improve charter terms
    Demand for ships above 2,000 teu has increased by the Red Sea effect, with time charter rates for 6,500 teu...
  • China's Dalian Shipbuilding wins orders for up to 14 VLCCs from Marinakis and Fredriksen
    The newbuilding contracts include up to eight conventional fuelled VLCCs for Seatankers and up to six LNG dual-fuel units for...
  • Smyril Line pens newbuilding contract for advanced ro-ro pair in China
    Faroe Islands passenger ferry and ro-ro cargo vessel operator has contracted China's CIMC Raffles shipyard to construct two 3,300 lane...
  • Costamare eyes dry expansion with larger bulkers
    Increasingly diversified US-listed owner has nearly $1bn in liquidity at its disposal, including $132m in undrawn 'hunting licences' for further...
  • Global container volumes tread water in 2023
    Weak headhaul growth to key markets affects overall figures. Annual volumes have barely grown since 2019
  • Red Sea tanker transits plunge 20% as east-west trades bifurcate
    More than 100 tankers have diverted around the Cape of Good Hope since initial military strikes on Houthis, according to...
  • Greek shipowners in rapid exit from Russia oil trades as sanctions enforcement intensifies
    Fears that further sanctions imposed on oil traders could leave shipowners stuck for protracted periods with unsold cargoes underscored the...
  • HMM stake sale deal falls through
    State-owned agencies Korea Development Bank and Korean Ocean Business Corp reportedly wanted to retain management control even after divesting their...
  • Daily Briefing
    Navigating the Dragon Year: Can shipping stay the course on China | Diversification key to avoiding overreliance on China |...

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The Journal of Commerce web site
FEBRUARY 7, 2024
  • HMM's $4.8 billion share sale is scrapped over management control issue
    There were also concerns whether the joint venture between bulk shipper Pan Ocean and private equity firm JKL had sufficient financial resources for the deal.
  • Yellow uses auction proceeds to repay $700 million loan to US government
    The US Treasury Department is the first major creditor to be repaid by the bankrupt LTL provider, which received the controversial loan early in the COVID-19 pandemic.
  • NY-NJ marine terminal chief expects new ILA labor contract before October
    Though talks have seemingly been on hold, Maher Terminals' Gary Cross said he has "no doubt" the longshore union and port employers along the East and Gulf coasts will reach a new agreement before the existing deal expires.
  • 'Stressed' US truckload market searching for elusive turning point
    Truckload spot rates are creeping higher, but trucking executives see no catalyst for stronger price increases absent higher freight demand, even as capacity slowly tightens.
  • Intermodal savings held steady in Q4, in line with long-term averages
    The average cost savings for a shipper choosing intermodal rail over truckload was consistent during 2023 and should be relatively unchanged at least through the first quarter, according to the latest Journal of Commerce Intermodal Savings Index.

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TradeWinds web site
FEBRUARY 7, 2024
  • Idan Ofer cashes in International Seaways stake as shares hover around record price
    Investment in New York tanker owner appears to have been profitable
  • Cargill locks in Nisshin newbuild for a year as kamsarmax term rates surge to highest level since May 2023
    Berge Bulk picks up another Japanese vessel on index-linked charter
  • 2020 Bulkers sees 'interesting if not unprecedented' capesize and newcastlemax market ahead
    Fundamentals for large bulk carriers are looking better than perhaps they ever have
  • Top Ships raising $235m in leaseback sales of VLCCs, suezmaxes and product tanker
    Cash released to pay off debt and redeem costly preferred shares
  • VLCC newbuilding orders and S&P deals on table for DHT in 'highly constructive' market
    Svein Moxnes Harfjeld is open to transactions as he filters geopolitical noise from big tanker outlook
  • Qatar might 'get a bit short on ships' in Red Sea crisis, says Flex LNG's Oystein Kalleklev
    Fredriksen company's boss also believes more scrapping will be seen this year
  • Costamare pledges to grow bulker charter-in platform
    Shrinkage of the bulker unit over the past three months was only temporary, management guides in conference call
  • NYK Line expects Red Sea crisis to boost bottom line in fiscal fourth quarter
    Japanese shipowner says tighter supply and demand conditions are resulting in higher market levels
  • Euronav shareholders rubber-stamp takeover of clean shipping operation CMB.Tech
    Board changes also approved
  • Price cap coalition to drive Russia's shadow fleet back to Western insurers
    Sanctions head said she wants to see more Russian oil carried under Western service providers
  • Middle East tonnage squeeze drives VLCC rate hike with promise of more to come
    Brokers report likely improvement in the market before Chinese New Year slowdown starts
  • Costamare speeds up small bulker sales with exit of nine ships
    US-listed owner shakes out supramaxes and handysizes while confirming capesize buy
  • End of an error? Capital Maritime's move away from MLP is just shipping's latest exit
    This week's Streetwise takes a look at shipping's experiment with master limited partnerships
  • Stolt Tankers teams with NYK to double chemical carrier orderbook to 12 ships
    NYK Stolt Tankers venture adds six ships to those ordered by Norwegian owner in November
  • War risk market ready to keep Black and Red Sea shipping afloat, says IUMI
    International Union of Marine Insurance says underwriters are continuing to cover the trades
  • Methanol-ready cargo ships ordered for one of world's longest ro-ro routes
    Faroese owner picks CIMC Raffles for fleet renewal
  • 'Good time to take a breather': Stolt-Nielsen's shares drop after downgrade
    Norwegian group lacks 'substantial upside', analyst says
  • Up to 35 aframaxes could muscle in on product tanker boom, Kpler says
    Swing tonnage could bring more equilibrium to two tanker markets separated by record rate gap
  • Borealis Maritime hires new head to run Greek bunker operation
    New recruit was previously a marine fuels trader at PMG Holding in Athens
  • Shipowners look to retrofits on the move as emissions costs loom
    Green tech specialist Njord says shipowners are looking to cut emissions without putting vessels in for dry-docking
  • 'Confusing and chaotic' evacuation of burning car carrier slammed in probe
    Dutch report says ambulances arrived at closed airport gates and helicopter pilots did not know where to take rescued crew
  • Fredriksen hikes VLCC newbuilding bet as part of $1.8bn bundle
    Seatankers books up to eight vessels, while Capital Maritime & Trading books up to six LNG dual-fuel tankers
  • 'Good time to take a breather': Stolt-Nielsen shares drop after downgrade
    Norwegian group lacks "substantial upside," analyst says
  • John Fredriksen and Evangelos Marinakis strike deals for 14 VLCC newbuilding orders worth $1.8bn
    Seatankers books up to eight vessels, while Capital Maritime & Trading books up to six LNG dual-fuel tankers
  • Idan Ofer-backed CoolCo adds 'groundbreaking' charter with new client
    LNG shipowner will upgrade the vessel for deal with Singaporean player
  • TotalEnergies splashes $199m to take control of Vantage drillship
    Cash from deal will be used to reduce the seller's debt
  • Buoyant investments boost Steamship Mutual's balance sheet
    P&I club is considering further capital distribution to shipowner members
  • Stainless Tankers feels near-term twinge from Panama Canal in profitable quarter
    Chemical tanker owner rakes in $3.2m as rates surge
  • Surprise capesize rate uptick in final quarter lifts 2020 Bulkers earnings
    Freight market jumped up and brought newcastlemax owner's results with it
  • Flex LNG says ship deliveries will prove challenging as profit drops
    John Fredriksen-owned company hit by derivatives loss in fourth quarter
  • Polaris Shipping selling off six vessels as private equity takeover bid stalls
    Four newcastlemax bulkers and two LRII tankers have been put on the sales block
  • Harim's $5bn takeover of HMM fails due to irreconcilable differences
    South Korean liner company will remain under the control of KDB and KOBC
  • Red Sea crisis sees 50th attack as Houthis strike Star Bulk ship
    Yemeni group carries out two new attacks despite US and UK deterrence
  • QatarEnergy places record $3.45bn order for 15 LNG carriers at Samsung Heavy Industries
    Contract is the largest single deal that the South Korean shipyard has ever received
  • Singapore detains Euronav VLCC over port state control deficiencies
    City state has held almost 40 crude and chemical tankers over the past year for failing inspections

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American Shipper web site
FEBRUARY 7, 2024
  • Despite economic worries, more containers flow from China to US
    Lower inventories in the U.S. are pulling freight into the country.

››› File
FROM THE HOME PAGE
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
In the first six months of 2025, orders totaled 14.7 billion euros (+93.5%)
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
CMA CGM's net profit fell by 140% in the second quarter.
Marseille
Revenues stable. The French shipping group is interested in acquiring Hutchison Ports' terminals.
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
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
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
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