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04 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
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 years
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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