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31 July 2025 - Year XXIX
Independent journal on economy and transport policy
01:24 GMT+2
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April 16, 2024

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Exim India web site
APRIL 16, 2024
  • Pentagon Freight makes strategic investment in Pentafox Technologies
  • US condemns Iran's seizure of MSC Aries
  • GDP seen growing at 7 pc in FY25: ADB
  • Nepal seeks Customs agreement to curb border trade offences
  • Some vehicle exports dip in FY24
  • EU tanker tonne mile demand up as vessels increasingly sail via Cape of Good Hope
  • 'Pratap's Amazing Musicians' - 'Unveiling the Unheard'
  • Indian real estate expected to reach $1.5 tn by 2034; driving 10.5% of economic output: Report
  • Overall exports marginally up in 2023-24
  • Govt asks pulses importers to use rupee-kyat system with Myanmar
  • CONCOR physical volumes - Q4 and Fy
  • Rethinking reefer logistics at Rotterdam port: Shifting from road to water via 'cool corridor'
  • Inconsistency seems the only constant on Transatlantic fronthaul: Analysis
  • Exports to Europe seen impacted due to Iran-Israel conflict
  • Indian Register of Shipping announces technology hire at senior management
  • Singapore retains top spot in Leading Maritime Cities Report 2024
  • China's exports down in March

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International Transport Journal web site
APRIL 16, 2024
  • Ambrogio intermodal buys 50 railcars
  • Hong Kong again tops the busiest cargo airports
  • Smartlynx appoints deputy CEO
  • A Parisian forum for sustainable logistics
  • Geis wins gold and silver
  • Safety of seafarers a paramount concern
  • A new mindset for the charter business
  • PMSA president retires after 29 years
  • Maersk expands to Sri Lanka
  • Upgrading truck stops for tired truckies
  • Optimising cargo operations in Budapest
  • Demand for immediate release of "MSC Aries"
  • First converted e-freighter makes its debut
  • "Curiosity of the Day"
  • Prizes for design in the transport sector
  • Complementing Canadian ship construction
  • 500,000 freight wagons to be refitted
  • "M.V. Jamno" rings in this year's shipping season

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The Loadstar web site
APRIL 15, 2024
  • Urgent call for breakdown of cargo onboard as General Average declared on Dali
  • HMM leads as South Korea embarks on state-backed box fleet expansion
  • OceanX: 'Geo shrapnel' hits shipping as Kuehne makes waves
  • Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
  • It's all politics: Cosco-backed Peru port project at risk
  • Bottlenecks and price hikes as airlines now avoid Iran airspace
  • Iran may now pose a threat to multimodal supply chains via Dubai
  • Flexport is 'back on track' - now it needs to start growing again

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Marine Log web site
APRIL 15, 2024
  • CBO: New LSM medium landing ships would cost two to three times more than Navy estimates
    Back in January, Naval Sea Systems Command issued the Navy's initial Request For Proposals (RFP) for the detail design and construction (DD&C) of six landing ship medium (LSM) ships. Now it appears
  • VIDEO: Seatrium AmFELS launches first U.S.-built WTIV
    Virginia power utility Dominion Energy reports that its Coastal Virginia Offshore Wind (CVOW) project has marked two milestones. In the first of these, its Jones Act compliant wind turbine installation vessel (WTIV)
  • VIDEO: Iran seizes Israeli-linked MSC Aries
    With two of its ships having previously been attacked by Houthi missiles, with one of them, the MSC Sky II, receiving damage, Mediterranean Shipping Corporation must be aware of the dangers of

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Container News web site
APRIL 15, 2024
  • Bangladeshi hijacked ship, crew released from Somalia
    The hijacked Bangladeshi ship Abdullah and its crew were released from Somalia in the early hours of Sunday after US$5 million was paid as ransom. The ship is now returning to the United Arab Emirates, before the crew members fly to Bangladesh, to meet their nearest and dearest ones who have been anxiously waiting for them since the ship was hijacked on 12 March in the Indian Ocean by a group of
  • BICT offers connectivity to North Africa and Spain through MSC vessels
    Batumi International Container Terminal (BICT), a business unit of International Container Terminal Services, Inc. (ICTSI), located at the Port of Batumi in Georgia, will soon provide improved connectivity to North Africa and Spain through the enhanced Batumi - Gioia Tauro service by Mediterranean Shipping Company (MSC), commencing in mid-April. MSC's upgraded service will include weekly calls to
  • Escalating Middle East tensions trigger projected surge in war risk premiums and freight rates
    In a significant escalation of tensions in the Middle East, Iran's capture of the MSC Aries, a container ship linked to Israel, has reverberated throughout the maritime industry. This development, occurring before the missile attacks on Saturday, 13 April 2024, underscores the deepening conflict in the region. Believed to be in response to an Israeli raid on the Iranian consulate in Syria, the ca
  • Subrosa Group launches maritime security division
    Subrosa Group (SRG) announced the inauguration of its latest division, SRG Maritime Security, dedicated to providing top-tier security services worldwide to the commercial shipping and offshore industries, private vessels, and superyachts. Led by Niall Burns, CEO of SRG, whose career in specialist security spans more than 24 years, starting in the UK Military's Royal Marines and later as a member
  • How to Test Drive a Car Before Buying: Best Practices for Prestigious Cars
    Test driving a car is a fundamental step you cannot skip when buying the car. Other than the fact that it lets you inspect the car's interior, it also allows you to get a feel for its driving characteristics and comfort level first-hand. And it doesn't even matter whether you're working with a prestige elite car rental company or any ordinary common car rental service. Having the opportunity to t
  • Israeli violence ratchets up Middle East threat levels as Iran responds
    Events over the weekend of the 13-14 April have seen rising tensions soar as Iran's pre-publicised action in retaliation to Israel's Syrian consulate attack took place hours after an MSC ship was hijacked by the Iranian Republican Guard. Hours before Iran launched a massive and widespread attack on Israel for the first time, Iranian forces boarded the 15,000 TEU MSC Aries and forced the ship and
  • Political strikes disrupt Helsinki port's container traffic
    Political strikes have halted container traffic at the Port of Helsinki for around four weeks this spring, leading industrial operators and traders to rely more on lorries for transporting goods. Consequently, Vuosaari Harbour experienced a decrease in activity, while heavy traffic surged in West Harbour. However, passenger traffic remained unaffected and even saw a slight increase compared to th
  • FBI opens investigation into Baltimore bridge fatal accident
    The Federal Bureau of Investigation (FBI) is conducting a criminal investigation into the fatal accident of the 10,000 TEU container vessel Dali, which destroyed Baltimore's Francis Scott Key Bridge. FBI's investigation is focused on the circumstances leading up to the bridge collapse and whether all federal laws were followed, according to an Associated Press report. The FBI was present aboard t
  • Eurogate partners with Prodevelop
    German port and terminal operating company Eurogate has announced a groundbreaking partnership with Prodevelop, signifying a significant step forward in revolutionizing container terminal operations. Prodevelop's expertise in Internet of Things (IoT) and Big Data projects has been instrumental, positioning them as a key services partner for implementing the Digital TwinSim solution at EUROGATE Co
  • European Parliament passes law requiring zero-emission trucks by 2040
    The European Parliament has approved legislation mandating that nearly all newly sold trucks by 2040 must be zero-emission. The green organization Transport & Environment (T&E) said this law was reached through negotiations between Members of the European Parliament (MEPs) and governments and will support European manufacturers in competing with foreign electric truck producers. "European truck m
  • Krone introduces new container generation
    German manufacturer Krone will launch a new generation of dry containers, named KRONE Dry Box, in 2024 with ten ingenious enhancements. To increase protection against damage, the front wall is now slightly recessed at the top, so that there is sufficient space even when cornering, said Krone, adding that the collision guard has been extended to 1,300 mm at the bottom. The new embossing in the fro
  • MSC-operated ship captured by Iranian forces
    MSC told Container News that it is working to secure the release of one of its operated ships that was seized by Iran's Islamic Revolutionary Guard Corps (IRGC) in the Persian Gulf on 13 April. The 2020-built 15,000 TEU MSC Aries, which the Swiss/Italian liner operator had bareboat-chartered from UK-based Zodiac Maritime for 10 years, was boarded by "Iranian authorities" via helicopter around 2.4
  • RBS enhances operating system at Klaipedos Smelte Terminal
    Realtime Business Solutions (RBS) has unveiled plans for a Terminal Operating System (TOS) enhancement at the Klaipedos Smelte container terminal in Lithuania. Klaipedos Smelte has announced its decision to upgrade from the current TOPS Advanced system provided by RBS to the more advanced TOPS Expert solution from the same supplier. According to a statement, the TOPS Expert terminal operating sys
  • MOL Group unveils largest green hydrogen plant in Central and Eastern Europe
    MOL Group has inaugurated the largest green hydrogen plant in Central and Eastern Europe, located in Százhalombatta, Hungary. With a capacity of 10 megawatts, this US$23 million investment is a significant step towards sustainable fuel production, aiming to reduce carbon dioxide emissions from the Danube Refinery by 25,000 tonnes annually. This venture marks a milestone in the hydrogen economy, e
  • ICTSI secures regulatory approval to elevate Philippine terminal operations
    International Container Terminal Services, Inc. (ICTSI) has received regulatory approvals to operate and enhance the Visayas Container Terminal (VCT), the key international seaport of Iloilo City in central Philippines. This 25-year concession amplifies ICTSI's footprint in the Philippines and is poised to unlock the economic prospects of the Western Visayas region. Following a review by the Phil
  • Dali owners declare General Average
    Grace Ocean, the owner of the container ship that knocked down the Baltimore bridge in May, has declared a General Average (GA) on the containers on board. The company believes the salvage operations will lead to extraordinary costs for which they expect contributions from all salvaged parties under the General Average. At the time of writing, there is no indication as to when and where Dali will
  • Golden Energy Offshore Services finalizes three vessel contracts
    Golden Energy Offshore Services (GEOS) has finalized short and medium-term agreements for three vessels. Also, the company announced the successful completion of a short-term contract for its vessel, the Energy Pace. "We are delighted to secure these contracts for our vessels. This achievement reflects our team's dedication to providing top-tier services and underscores our commitment to operatio

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Splash web site
APRIL 15, 2024
  • SLB bags deals for Buzios work from Petrobras
    Oilfield services giant SLB has been awarded three contracts by Brazilian oil and gas major Petrobras for completion hardware and services for up to 35 subsea wells in the Buzios Wave II oilfield. The scope of the contract includes SLB's full-bore electric interval control valves and electric subsurface safety valves. The award is a catalyst ...
  • FBI opens Baltimore bridge case
    The Federal Bureau of Investigation (FBI) has launched a criminal inquiry into the collapse of Baltimore's Francis Scott Key Bridge. According to reports, citing two US officials familiar with the matter, the probe will look into the circumstances leading up to the collapse and if all federal regulations were followed. "The FBI is present aboard ...
  • Plans revealed for America's first Jones Act-compliant cable layer
    US offshore wind contracting newcomer Kalypso is pressing ahead with plans to build America's first Jones Act-compliant cable laying vessel. The New York-based outfit, led by DEME's former project manager Colin Smith, has signed a letter of intent with Dutch shipbuilder Royal IHC for a 5,000-ton CLV that would be built in the US and ...
  • New extension keeps Petrofac working on BP's North Sea assets
    Offshore engineering specialist Petrofac has been awarded a contract extension by energy supermajor BP for continuing support across its North Sea portfolio. Petrofac said that it would be providing maintenance and engineering services under the terms of a three-year, multi-million-dollar contract. In the North Sea, BP is the operator of the Clair Phase One project, ...
  • DOF sells 13-year-old platform supplier
    Norwegian offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an undisclosed buyer. DOF said in an Oslo Bors filing that it sold its 2011-built PSV Skandi Gamma. The financial details of the deal were not revealed. The vessel will be delivered to the new owners during this month and ...
  • MSC adds two more ships
    The world's largest containerline, Mediterranean Shipping Co (MSC), remains very active in the secondhand market. As week 16 starts its buying spree counts 11 ships so far this year according to VesselsValue, without counting data from MB Shipbroking - formerly Maersk Broker - who note that the Gianluigi Aponte-founded line has secured two more ships, ...
  • Shipping braces for Israel's response to Iranian attacks
    Shipping has to contend with new danger zones following Iran's attack on Israel over the weekend and the hijacking of the 15,000 teu MSC Aries. United Nations secretary-general Antonio Guterres urged warring parties to "step back from the brink" yesterday in what Ian Bremmer, a well-known political scientist and president of New York-based consultancy Eurasia ...
  • Gas carrier grounds off Egypt
    A Liberian-flagged gas carrier ran aground offshore Egypt, prompting a state of emergency over the weekend in anticipation of any leakage or pollution. The incident involving the 14,800 cu m LPG tanker Claudia Gas took place in the Gulf of Aqaba during the Eid holiday. Shipping databases show the 1990-built vessel is owned by Grece's ...
  • Baltimore divers describe bridge clean-up operation as 9/11 'with blinders on'
    A diving expert from the US Army Corps of Engineers (USACE) has revealed the many life-threatening risks divers are facing while working on the wrecked Francis Scott Key Bridge in Baltimore. USACE, in a joint effort with the US Navy's Supervisor of Salvage and Diving (SUPSALV), is working to oversee the commercial dive companies performing ...
  • ADES scores jackup rig contract in Qatar
    Saudi oil and gas driller Advanced Energy Services (ADES) has secured a jackup rig contract in Qatar worth up to about $93.3m with French energy major TotalEnergies. The deal covers a firm one-year term in addition to three optional six-month extensions, the company said in a stock exchange filing. The project is expected to start ...
  • MOL continues offshore wind drive with module carrier order in China
    Mitsui OSK Lines (MOL) has contracted a private Chinese yard, Taizhou Sanfu Ship Engineering, for the construction of a module carrier that will serve the Japanese offshore wind sector. The 13,000 dwt newbuild is set for delivery in the spring of 2026 under a contract with JFE Engineering to ship offshore wind turbine foundations to ...
  • Seatrium and Shell to partner on floating production systems
    Singapore yard group Seatrium has signed a non-binding memorandum of understanding (MoU) with a subsidiary of energy supermajor Shell to strengthen collaboration on floating production systems. The MoU, which focuses on driving project standardisation and replication, seeks to promote best practices in the design and construction of floating production systems. Shell Global Solutions Internationa
  • BW Offshore sells FPSO for recycling
    Oslo-listed floater specialist BW Offshore has signed an agreement to recycle its floating production storage and offloading (FPSO) vessel Petróleo Nautipa which previously worked offshore Gabon. Andreas Sohmen-Pao's company said that the recycling would be done in compliance with the Hong Kong International Convention at the Baijnath Melaram ship recycling facility in India. The sale ...
  • Singapore retains global shipping hub crown
    Singapore's maritime mantelpiece needs reinforcement, groaning from all the trophies, accolades and awards lavished towards the Lion Republic, the preeminent shipping hub of the 21st century. Meanwhile, an old Asian rival, Hong Kong, is sliding down the ranks fast. Singapore remains the world's leading maritime hub according to multiple global surveys, the latest of which ...
  • Somalis release Bangladeshi ship and crew
    Somali pirates released a hijacked Bangladeshi ship, Abdullah, and its crew of 23 early on Sunday after a $5m ransom was paid, according to two pirates. "The money was brought to us two nights ago as usual... we checked whether the money was fake or not. Then we divided the money into groups and left, ...
  • Korean LCO2 storage tanks unveiled
    A South Korean manufacturer has unveiled how the world's largest liquefied carbon dioxide (LCO2) storage tanks will look like. Sejin Heavy Industries is constructing a pair of LCO2 tanks for Evangelos Marinakis' Capital Maritime, which ordered last July two firm 22,000 cu m ships at Hyundai Mipo, with options for two more. The nascent LCO2 ...
  • Fredriksen signs for newcastlemax newbuilds
    John Fredriksen's family holding company, Seatankers Management, has come back to Qingdao Yangfan yard in China with a newbuilding deal in the largest bulk carrier segment. Shipbuilding sources report the Cyprus-based outfit signing up for four 210,000 dwt newcastlemaxes at about $68m each for delivery in 2027 and 2028. Seatankers' ordering spree kicked off this ...

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Lloyd's List web site
APRIL 15, 2024
  • IMO chief pledges to keep urging EU to drop shipping carbon levies
    Dominguez shrugs off concerns that rising geopolitical tensions might derail shipping from its decarbonisation journey, believing the industry will deliver...
  • Shipping faces more fallout in wake of Iran's attack on Israel
    The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario...
  • High-priced boxship sales prompt increase in recycling candidates
    The recycling sale of two vintage boxships for almost $600 per light displacement tonne has led to more containership proposals...
  • FBI opens criminal investigation into Key Bridge allision
    FBI agents boarded Dali on Monday as part of a criminal investigation into the catastrophic Key Bridge allision, the Washington...
  • Singapore bunker sales hit record high in Q1 on Red Sea disruption
    Alternative fuel demand in Singapore increased in the first quarter of the year as LNG and biofuel-blended VLSFO sales also...
  • MSC Aries violated maritime law, says Iran
    A government spokesperson claimed the containership failed to respond to calls from officials before it was boarded by Iranian troops
  • US-sanctioned ship with unknown flag and insurance had 'right of innocent passage', says Denmark
    Aframax tanker Osperous sailed through Danish Straits on April 3, nearly three months after it was sanctioned for breaching the...
  • Protest groups disrupt ports
    Several small-scale protests have temporarily blocked access roads at ports in a number of countries. But disruptions appear to be...
  • The week in newbuildings: China continues to win bulk of orders
    Newbuilding contracts for seven dry cargo carriers, four containerships, six MPVs, one deck cargo carrier, two heavy lift ships, eight...
  • Singapore-Rotterdam corridor initiative expands partnership
    GDSC names world's fifth-largest box line, Hapag-Lloyd, among latest companies to sign up for port collaboration during Singapore Maritime Week...
  • Singapore tops maritime clusters listing
    As Singapore remains secure in its role as shipping's largest maritime hub, Hong Kong slips out of the top 10...
  • Week in charts: Panama canal begins to rebound | IMB report shows piracy spike | Tanker tonne-miles at record levels | Mainlane box rates dip again
    Transits through the Panama Canal have begun to recover, a new report reveals a worrying spike in piracy incidents, plus...
  • Singapore to launch training facility for clean marine fuel operation
    All maritime personnel and seafarers will be able to access the inaugural course on methanol handling as a vessel fuel...
  • Daily Briefing
    As tanker stocks rise, Frontline savours new high and Euronav is left out of the party | US senators rally...
  • Shipping warned of increasing risks as governments struggle to contain multiplied threats
    War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas

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The Journal of Commerce web site
APRIL 15, 2024
  • HMM unveils ambitious plan to double container fleet, capacity by 2030
    The carrier's expansion strategy also includes further investment in container terminals and doubling its bulk shipping capacity.
  • Threat of pro-Palestinian demonstration shuts Oakland's marine terminals
    All four container terminals at the Port of Oakland were closed for the day shift on Monday as demonstrators protesting the war in Gaza shut down a nearby major freeway and threatened to picket at the port.
  • New risk factor flares in Middle East after seizure of MSC Aires by Iran
    The taking of the container ship and its crew by Iranian forces comes as Red Sea attacks on shipping by Tehran-backed Houthi rebels in Yemen have forced virtually all commercial vessels to divert around southern Africa.
  • Gemini's 'hub-and-spoke' model aims to eliminate blank sailings: Hapag-Lloyd
    The new partnership expects to have enough containers positioned at its major hub ports to keep ships full on its mainline trades, thus eliminating the need to unexpectedly cancel a voyage due to a lack of demand.
  • BigLift, CY Shipping expand heavy transport capacity with new orders
    The global energy buildout in renewables and oil and gas has spurred the heavy-transport partners to order two new carriers.
  • Red Sea diversions, return to Russia transit boosts China-Europe rail volume
    Shippers of urgent products have shifted volume from the disrupted China-Europe ocean trades to the rails, while some cargo owners are resuming the northern corridor route via Russia

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TradeWinds web site
APRIL 15, 2024
  • Close-knit Chinese shipping community turns out in force for Singapore gala
    Close-knit industry community gathers for inaugural formal dinner
  • Baltimore mayor throws down legal gauntlet against Dali owner, manager, charterer and builder
    Maersk and Hyundai Heavy Industries among apparent targets
  • FBI reported to launch criminal probe over Baltimore bridge collapse
    Agents boarded the Dali container ship early Monday as investigators focus on power failures
  • MPC Container Ships cashes in boxship brace as liner giant MSC keeps buying
    German tonnage provider takes profit on sale of older vessels
  • Buyers circle Japanese bulkers amid flurry of ultramax deals
    High-spec vessels are being circulated in the S&P market
  • Multibillion-dollar Baltimore bridge disaster claims can be handled, ship insurer says
    Britannia P&I says no concerns have been raised by industry regulators and ratings agency
  • Meriaura orders biofuel-powered cargo ship double in Europe due to geopolitical situation
    Finnish owner returns to Royal Bodewes to kickstart drive towards carbon-neutrality
  • Trafigura trials emissions-monitoring software on chartered Latsco LNG carrier
    Trading giant to retrofit Swiss system to cut greenhouse gas output
  • Six stranded Hanwha Ocean Arc7 LNG carriers tipped for use as FSRUs or FSUs
    Independent specialist Mehdy Touil says ships are unlikely to serve Russian liquefaction project
  • Harren linked to sales as it shrinks fleet
    German firm may have earned more than $100m over the past year by selling one LR1 tanker and seven small clean ones
  • DOF Group extends PSV sell-off as it pivots to subsea market
    Norwegian owner offloads ship as it looks to reshuffle fleet
  • Potential Hormuz Strait closure could prove much more significant than Red Sea disruption
    Rates are largely flat after Iran launches retaliatory attack on Israel over the weekend
  • Amid outrage over Iranian seizure of container ship, focus switches to release of crew
    The majority of the crew in the MSC-managed ship are Indian citizens
  • MPC Container Ships cashes in container ship brace as liner giant MSC keeps buying
    German tonnage provider takes profit on sale of older boxships
  • Greek LPG carrier refloated after Middle East grounding
    The Claudia Gas suffered engine malfunction, authorities said
  • Iran ship seizure sparks tensions, leaving oil and tanker markets on alert
    Boxship boarded before missile attack on Israel, but threat to close Strait of Hormuz unlikely to be carried out
  • John Michael Radziwill takes control of ship-less GoodBulk as CarVal Investors sell out
    President now has 56% of former capesize company that is plotting a comeback
  • Five-hour gun battle between gangsters and police sees ship freed
    The Magalie and its seafarers had been seized by criminal gangs
  • Chinese owners send elderly panamax bulkers to scrap yards
    Deals for South Korean and Japanese-built vessels come as recyclers express concerns over Chinese-built tonnage
  • Oil and tanker markets on alert as Iran missile strikes spark fresh tensions
    Iran missile attacks and ship seizure follows threat by Iranian official over the closure of the Strait of Hormuz
  • 'Reprehensible attack': ICS urges immediate release of MSC Aries by Iran
    International Chamber of Shipping says welfare of innocent seafarers is highest priority
  • 'Complexity' all over tight car carrier market, Clarksons says
    Shipbroking giant points out potential factors could affect the sector
  • Wind revolution sees British funding shift focus from shipbuilding to cleantech
    Government funding and a history of wind turbines and sailing have given Britain an edge in maritime wind propulsion
  • Ed Buttery's TMI to take full control of Grindrod in $50m buy-out of minority investors
    Subsidiary's shares will be delisted in the US and South Africa
  • US ship freed after five-hour gun battle between police and gangsters in Haiti
    The Magalie and its seafarers had been seized by criminal gangs
  • Lawyer Reed Smith hires in LNG specialist Nina Howell
    New partner expects more merging of green energy projects and LNG
  • Japanese giant Mitsui OSK Lines breaks new ground with newbuilding to serve offshore wind market
    Vessel ordered on the back of a contract from JFE Engineering
  • Tsakos extends veteran sales to $240m range with disposal of aframax tanker
    Tsakos Energy Navigation is reported to have secured $37.2m for one of its two oldest aframaxes
  • Harry Vafias' Brave Maritime banks profit from selling handysize to listed affiliate C3is
    Nasdaq-listed spin-off expands again after share issue earlier this year
  • Vernicos Scafi returns to Turkish shipyard for more tug newbuildings
    Greek-Italian tug and salvage company brings the number of newbuildings it has ordered in Turkey to three
  • Singapore launches new training facility as it strives to retain top hub position
    Focus on being a talent hub sits alongside ambition for innovation and maritime resilience
  • Recycling buyers snap up Sinokor container ship duo at firm pricing levels
    South Korean shipowner yet again gets above market average price for unwanted older tonnage
  • Chinese owners shift elderly panamax bulkers into the recycling market
    Deals for South Korean and Japanese-built bulkers come as recyclers express concerns over Chinese-built tonnage
  • Seatrium and Shell to collaborate on floating production systems
    Singapore company says tie-up will focus on project standardisation and replication

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American Shipper web site
APRIL 15, 2024
  • Panama Canal's future is dark and stormy, much to shippers' relief
    The end of Panama's dry season is in sight, and the Panama Canal Authority plans to welcome more vessels in the coming weeks.

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