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24 April 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

news on subscription
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
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
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
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 conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
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
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
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
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
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