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Independent journal on economy and transport policy
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February 8, 2024

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

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

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

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

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

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

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

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

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

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

››› File
FROM THE HOME PAGE
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
Freight traffic in French ports stable in the first quarter of 2025
The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
In April, ship transits through the Suez Canal decreased by -7.7%
In April, ship transits through the Suez Canal decreased by -7.7%
Cairo
In the first four months of 2025, the decline in maritime traffic was -14.9%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
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 Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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