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30 July 2025 - Year XXIX
Independent journal on economy and transport policy
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March 18, 2024

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Exim India web site
MARCH 18, 2024
  • CONCOR and CWC ink strategic MoU for collaborative multimodal logistics solutions
  • Merchandise exports post highest monthly figure this fiscal in Feb.
  • Mundra Port achieves 7 m TEU cargo handling milestone
  • Railways set for best ever year in freight business, total revenue, track laying
  • Government approves policy to promote India as a manufacturing destination for electric vehicles
  • Vessel size development on Asia-Europe
  • CMA CGM PSS from Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to US East Coast & US Gulf
  • Multi-fold increase in Indian-flagged ships being mulled
  • OCEAN Alliance launches new program commencing in April
  • DGFT partners with DHL to make Indian MSMEs export-ready
  • Dhamra Port's revised core charges from April 1
  • India's grapes exports seen rising
  • Chennai Port raises the bar in cargo handling
  • Baltic Exchange Market Report (15 March 2024)
  • Ashwani Kumar unanimously elected as new President of FIEO

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International Transport Journal web site
MARCH 18, 2024
  • Powered by electricity and chip fat
  • United we stand
  • A new voice for logistics
  • First transport to Ukraine in 2024
  • More than 750 million t transported
  • Discussing anti-GHG measures with the IMO
  • Dokasch: a new ULD for flight menus
  • Intellishift picks CFO
  • A quali-tea hub
  • Joining forces for intermodal services
  • Hapag-Lloyd rolls out tracking API
  • "Curiosity of the Day"
  • Digitising from India via the USA to Latin America
  • Air Partner heads north
  • Expanding B2C capabilities
  • Some toll exemptions for handicrafts
  • First 20,000 teu in Genoa

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The Loadstar web site
MARCH 15, 2024
  • Transpacific freight rates - it's all about 'who blinks first'
  • Ocean Alliance launches Day 8 network - but it's light on detail
  • 'Bold' DP World nears flagship forwarding deal - rumours swirl
  • Forwarders warn of likely further air freight rate rises ex-India
  • TPM sketch - the blessed relief of 'Lars'
  • MEPC81: the risk of 'fuels that represent a cure worse than the disease'
  • 'Adoption of SAF no longer an engineering challenge, it's an economic one'
  • Backlash from Finland transport strike brings supply chain chaos
  • Singamas looks to container leasing as box sales decline
  • Promotion for Priya Rajagopalan at Fourkites, and Ron Richardson returns

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Marine Log web site
MARCH 15, 2024
  • Houthis target Vietnamese-owned tanker, threaten attacks in Indian Ocean
    The situation in the Red Sea gets no calmer. Today brought a report from UKMTO of a Houthi attack on a merchant vessel 76 nautical miles west of Al Hudayah. While UKMTO
  • New Ulstein SX232: A subsea vessel for all markets
    Seeing a "surge of optimism" in the offshore service vessel market, Ulstein has unveiled a design for a new subsea vessel, the Ulstein SX232, to serve both the fixed and floating offshore
  • Wärtsilä inks lifecycle agreement for new P&O Ferries
    The world's largest double-ended ferries, U.K.-based P&O Ferries' 230-meter long M/V Pioneer and M/V Liberté, will be covered by a five-year lifecycle agreement with Wärtsilä. The agreement is designed to optimize the
  • Chouest and Maersk Supply partner up on U.S. offshore wind installation
    Edison Chouest Offshore (ECO) and Maersk Supply Service are partnering up for the construction and operation of a Jones Act compliant offshore wind installation feeder concept. Specifically designed for Maersk Supply Service's

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Container News web site
MARCH 15, 2024
  • PortMiami enters new era handling CMA CGM's 15,000 TEU vessel
    PortMiami greeted the arrival of the CMA CGM Bali on 11 March 2024. With a capacity of 15,000 TEUs, this container ship operates along the Manhattan Bridge shipping route, linking China to East Coast ports in the United States via the Panama Canal. "The arrival of the Bali confirms that PortMiami can welcome larger vessels. This ship symbolizes a new era in transportation by combining innovation
  • CMA CGM announces overweight surcharge from South America East Coast
    French box carrier CMA CGM has announced a new overweight surcharge (OWS), which will be effective from 1 April 2024 until further notice. This surcharge will be applicable for cargo originating from South America's East Coast and destined for North Europe, Scandinavia, Poland, Baltic States, Adriatic, Black Sea, East & West Mediterranean, Middle East Gulf, Red Sea and Pakistan. CMA CGM will char
  • DP World invests US$50 million in new logistics centre in South Korea
    DP World has announced a US$50 million investment to develop a new logistics centre in South Korea's Busan New Port. The construction works on the 75,000m² land are expected to commence at the end of 2024, with operations anticipated to start by the second quarter of 2026. The DP World Busan Logistics Centre (BLC) will have the capacity to process nearly 80,000 TEUs of cargo per year by 2028 and
  • Global tank container fleet nears 850,000 units: ITCO annual survey
    The International Tank Container Organisation (ITCO) has published its 12 th Annual Tank Container Fleet Survey. This year's Survey estimates that, on 1 January 2024, the global tank container fleet had reached 848,400 units worldwide, compared to 801,800 on 1 January 2023, a year-on-year growth of 5.81%. Reflecting continued strong demand for new equipment, approximately 56,600 new tank containe
  • APM Terminals appoints new leaders in the Americas and Mexico region
    APM Terminals has named Marliz Bermúdez as the new head of investments for the Americas Region and Beatriz Yera as the managing director for APM Terminals in Mexico, effective from 15 April 2024. "With the appointment of Marliz Bermúdez as Head of Investments for the Americas and Beatriz Yera as Managing Director for APM Terminals Mexico, we continue our mission to lift efficiency, reliability an
  • Virginia prevails over Georgia and North Carolina for FreezPak Logistics new cold storage facility
    Governor of Virginia, US, Glenn Youngkin announced that FreezPak Logistics, a provider of full-service cold and dry storage services, is investing US$77.5 million to construct a 23,000m² cold storage facility in the City of Suffolk to serve the Mid-Atlantic region via the Virginia port. According to a statement, Virginia competed with Georgia and North Carolina for this project, which is expected
  • How to prevent accidents in the maritime industry
    The maritime industry is a crucial component of global commerce, facilitating the transport of over 90% of the world's trade . However, due to the nature of the work involved, the sector is at risk from serious hazards including unpredictable weather, mechanical failures and human error, making accident prevention a vital concern. There are multiple key strategies that should be adopted to mitiga
  • Massive increase in container shipping imports from China into Mexico amid ongoing US trade war: Xeneta analysis
    Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a 'back door into the US'. This is now one of the strongest trade lanes in the world according to analysts at Xeneta, an ocean freight rate benchmarking and intelligence platform, with 117,000 TEU (20ft equivalent container) s
  • Cape and Indian Ocean now in Houthi operational range
    The extent of the failure of the allied powers to degrade the Houthi Military capabilities may come into sharp focus if the Yemeni movement makes good on its threat to expand its sphere of operations from the Indian Ocean down to the African Cape. Over the last 24 hours US Central Command, CENTCOM, reported that the US Navy had destroyed four anti-ship ballistic missiles, two fired towards the Re
  • We Asked AI: The Largest Container Port in 2050
    Container ports are continuously expanding, capable of accommodating numerous giga container ships simultaneously. Have you ever wondered how the largest container port might appear 26 years from now? We tasked an Artificial Intelligence (AI) system to create a visualization of such a mega port, and below are the remarkable results! Click into the gallery to appreciate the impressive images in a
  • MPC Capital doubles shareholding in MPC Container Ships
    German asset and investment manager MPC Münchmeyer Petersen Capital AG (MPC Capital) has increased its shareholding in Oslo-listed MPC Container Ships ASA (MPCC) from around 7% to around 14%. The transaction is carried out by way of increasing MPC Capital's shareholding in MPC CSI GmbH (MPC CSI), which was established in 2017 as a joint investment vehicle for the IPO of MPCC under the leadership
  • Hupac enhances intra-Europe rail network
    Hupac, an intermodal rail operator headquartered in Switzerland, is bolstering its rail network connecting Zeebrugge, Belgium with northern Italy. Introducing a fresh train service to Piacenza, the Hupac is also increasing the frequency of services to Italy's Busto Arsizio and Novara. Additionally, departure points for trains headed to Antwerp will now be relocated to Lauterbourg, France. Further
  • CEVA to launch automotive logistics centre at Port of Dunkirk
    On 15 March, an agreement was reached between the Port of Dunkirk and CEVA Logistics, marking the beginning of a new venture. The contract entails the allocation of land for CEVA's development of a state-of-the-art vehicle logistics facility dedicated to sea imports and exports. Dunkerque-Port has selected CEVA Logistics, CMA CGM's subsidiary, as a candidate through a competitive Call for Express
  • CMA CGM reshuffles EURONAF service
    CMA CGM's Short Sea Lines Division has announced the reshuffle of the EURONAF service effective from the 11th week of the year. These adjustments will synchronize the loops with revised routes from mainliners in response to the situation in the Red Sea region, according to the French carrier. The EURONAF service will continue to serve the Algerian markets for global connections, ensuring the sust
  • MABUX reports decline in global bunker indices
    In the 11th week of the year, there was a moderate decline in the Marine Bunker Exchange (MABUX) global bunker indices. The 380 HSFO index dropped by US$2.43 to US$534.39/MT. Similarly, the VLSFO index saw a decrease of US$2.17, reaching US$676.01/MT, while the MGO index experienced a loss of US$2.77 to US$894.21/MT, consistently remaining below the US$900 mark. "At the time of writing, the marke
  • ICTSI's MICT reaches 50 million TEU milestone
    Manila International Container Terminal (MICT), International Container Terminal Service, Inc.'s (ICTSI) flagship terminal, celebrates another milestone by handling its 50 millionth TEU. The Philippine terminal unloaded the 50 millionth TEU container from Ocean Network Express (ONE)-operated boxship Seabreeze in a shipment owned by HRD Singapore PTE Ltd. "Leveraging cutting-edge technology, MICT
  • MSC establishes new MEDLOG cold store facility in South Africa
    MSC announced the opening of a state-of-the-art 15,000-metre cold storage facility in Durban, South Africa. The facility, part of MSC's MEDLOG logistics division, aims to catalyse advancements in the handling of perishable goods in South Africa and beyond and open up the country's trade landscape. An inaugural event for the cold storage facility took place on 7 March, attended by MSC CEO Soren To
  • COSCO Shipping Aries to call at Port of Genoa marking another milestone
    During the inaugural journey of COSCO Shipping Aries in 2018, this ultra-large container vessel became the first 20,000 TEU class ship from China to call HHLA Container Terminal Tollerort (CTT) in Hamburg, Germany. On 19 March next week, another milestone awaits the boxship. Captain Wang Chunsheng and his crew will be the first to sail the 400-metre-long vessel into the Port of Genoa, Italy's lar
  • Wilson Sons invests in Rio Grande Container Terminal
    Wilson Sons has invested around US$280,000 in Brazil's Rio Grande Container Terminal (RS), planning to increase operational efficiency through technological initiatives. These initiatives include the Terminal Operation Centre, an action that creates an operational intelligence data analysis cell to promote efficient operational planning, resulting in better delivery of yard and ship operations. A
  • Wan Hai issues US$320 million of bonds after loss
    Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red. Wan Hai incurred a net loss of US$188.5 million in 2023, which deteriorated from a net profit of US$3.04 billion in 2022, ending 13 straight profitable years. The last time Wan Hai reported a net loss was in 2009, when the global financial crisis resulted in r
  • CMA CGM applies new rates from Asia to Mediterranean
    French container line CMA CGM has announced the following updated Freight All Kinds (FAK) rates from all Asian main ports to the mentioned Mediterranean ports. 20' 40'/40'HC WEST MEDITERRANEAN US$3,200 US$4,000 ADRIATIC US$3,200 US$4,000 EAST MEDITERRANEAN US$3,300 US$4,100 BLACK SEA US$3,300 US$4,200 ALGERIA US$4,600 US$5,800 TUNISIA US$4,300 US$5,700 LIBYA US$4,500 US$5,200 MOROCCO US$4,100 US$
  • OCEAN Alliance rolls out new service network
    OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called "DAY 8 Product". After extending their partnership for an additional five years , the four ocean carrier allies are unveiling their new programme aimed at tackling the emerging challenges posed by the volatile conditions in the Red Sea. The DAY 8 Product, which is expe
  • Carriers 'undo' rate hikes on India-US trades amid cargo volume pressure
    Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump in cargo bookings. MSC, Hapag-Lloyd and CMA CGM had planned to implement hefty general rate increase (GRI) and peak season surcharge (PSS) amounts from early March. For example, MSC's rate activity plans included a GRI of US$1,000 per box from 1 March and a PSS

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Splash web site
MARCH 15, 2024
  • Saipem bags offshore pipelines installation deal for UK CCS projects
    Italian offshore engineering and construction giant Saipem has signed a letter of intent for the installation of offshore pipelines on the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power) projects. NEP - a joint venture between the operator BP, Equinor, and TotalEnergies - and NZT Power - a partnership between BP and ...
  • MPC Capital doubles stake in MPC Container Ships
    MPC Capital has doubled its shareholding in boxship owner MPC Container Ships (MPCC). The Hamburg-based asset and investment manager said it had increased its stake in the Oslo-listed tonnage provider from around 7% to around 14%. The deal worth around $34m was carried out by boosting shareholding in the joint investment vehicle MPC CSI, set ...
  • Maersk Supply Service forges US wind pact with Edison Chouest Offshore
    Maersk Supply Service (MSS) has teamed up with Louisiana-based OSV giant Edison Chouest Offshore (ECO) to build and operate a feeder spread that will support the Danish offshore shipowner and contractor's wind farm installation vessel newbuild in US waters. The newbuild spread is intended to ship wind turbine components or foundations to the installation site ...
  • Houthis vow to extend attacks deeper into the Indian Ocean
    Another ship has been damaged by the Houthis, who now claim to have hypersonic missiles in their armoury and will expand their target zone deeper into the Indian Ocean to try and prevent enemy vessels from passing via the Cape of Good Hope. To date, in their five-month campaign in solidarity with Hamas, the Houthis ...
  • Noble scores drillship contract in the Philippines
    Offshore rig owner Noble Corporation has won a contract from Prime Energy for the Noble Viking drillship offshore Philippines. The contract worth $69.9m covers three wells in the Camago and Malampaya East fields with an additional option for Bagong Pagasa well priced at $10.98m. The firm three-well campaign will take at least 140 days, and ...
  • Vietnam's Hoanh Son remains on a panamax charge
    Qatari owner S'hail Shipping has made a decent profit on a rusty panamax sale to the fast-growing Hoanh Son Group S'hail has sold the 18-year-old panamax S'hail Al Dukhan to the Vietnamese infrastructure conglomerate. No price is attached to the deal, but VesselsValue indicates that the Namura-built ship is worth just under $12m. S'hail added ...
  • Dolphin Drilling sells Bideford Dolphin rig for scrap
    Semisub rig owner Dolphin Drilling has opted to sell the drilling rig for scrap. Dolphin Drilling said that the decision aligns with its ongoing efforts to optimise its fleet and enhance operational efficiency. The rig was built in 1975 by Aker Kvaerner in Verdal. It has been warm-stacked for quite some time in Flekkefjord, Norway, ...
  • 3,000 Thais drafted to help churn out South Korea's bumper ship backlog
    South Korea's bumper orderbook, tricky production schedule and difficult domestic demographics have been partially resolved with an agreement hatched with Thailand whereby 3,000 Thai welders and mechanical technicians will be sent to South Korea's five largest shipyards. South Korea has been tinkering with its visa system over the last couple of years, seeking workers from ...
  • Opposing teams line up for next week's MEPC
    The eighty-first session of the Marine Environment Protection Committee (MEPC) will take place next week where the focus will be on developing legally-binding measures to ensure last year's milestone agreement to phase out greenhouse gases (GHG) from shipping by 2050 is made possible. The task at hand is to translate the net-zero by 2050 "ambition" ...
  • DP World to build logistics centre in Busan
    Terminal operator DP World has announced a $50m investment to develop a new logistics centre in Busan New Port, strengthening the port's position as a logistics hub for Northeast Asia and reinforcing the global standing of the wider Busan-Jinhae Free Economic Zone (BJFEZ). Construction of the facility in the 75,000 sq m land is set ...
  • Fortescue Green Pioneer completes landmark ammonia fuel trial
    The ship that grabbed headlines at COP28 in Dubai is back in the news. The Fortescue Green Pioneer, a platform supply vessel, has successfully conducted the world's first use of ammonia fuel, in combination with diesel in the combustion process. The vessel was loaded with liquid ammonia from the existing ammonia facility at Vopak Banyan ...

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Lloyd's List web site
MARCH 15, 2024
  • US blacklists suezmax tanker and owner for Iran and Houthi links
    The US has slapped sanctions on a suezmax tanker and its registered owner for shipping Iranian commodities in support of...
  • Belgium court also denies FourWorld's complaint against CMB's Euronav takeover
    The Belgium Market Court has denied a request by New York-based FourWorld Capital Management to block CMB's takeover of Euronav...
  • Dual-fuel newbuildings still not viable, says Norden's Jan Rindbo
    Norden aims to cut emissions by 16% by 2030 from a 2022 baseline, by using measures such as slow steaming...
  • Dark fleet insurance? Not reassuring
    It's 2024 and we still still have vessels 'owned' by anonymous brass plate companies, 'flagged' with fictitious 'registries', 'IMO numbered'...
  • Fortescue ship in world's first ammonia bunkering trial
    Fortescue's dual-fuel ammonia supply vessel has taken on ammonia as a marine fuel in Singapore, marking the first-ever ammonia bunkering...
  • Seanergy ups dividend as it clinches increased capesize earnings
    Nasdaq-listed owner of 18 large bulkers intends to 'vigorously defend' itself against Economou lawsuit
  • Slow and steady transatlantic box trade settles back to normal patterns
    Trade between Europe and North America is expected to see little growth. But for carriers the transatlantic can yield profits...
  • The Lloyd's List Podcast: How long can Ukraine keep its grain corridor open?
    Ukraine's Black Sea corridor is an undeniable success. Ships are sailing into and out of Ukraine outside of an international...
  • Newbuilding prices set to rise as shipyard lead times stretch to four years
    The need for new ships to comply with upcoming environmental regulations and a requirement to replace the large numbers of...
  • Houthis to target Indian Ocean transits as attacks continue
    Houthi leader Abdul-Malik al-Houthi pledges to extend missile attacks against ships diverting around the Cape of Good Hope
  • DP World strengthen integrated logistics with Busan investment
    The investment in Busan marks another step for the Dubai-headquartered port giant in its strategic shift towards integrated supply chains...
  • Shanghai sets sights on expanding shipping futures
    Container futures contracts based on the Shanghai Container Freight Index of Settlement have shown active trading since their launch in...
  • CMA CGM expands Ocean Alliance and media empire
    After committing to a further five years as a grouping, the Ocean Alliance will be the largest global network, offering...
  • Daily Briefing
    Fears of a future US ETS for shipping raised at CMA | What to expect from MEPC81? | US Coast...

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The Journal of Commerce web site
MARCH 15, 2024
  • Chinese niche carrier to launch Shanghai-Los Angeles expedited service next week
    The entry of Hede International in the eastbound trans-Pacific comes as US imports from Asia have been rising on a year-over-year basis since October.
  • Montreal port employers lose bid to make dock work an 'essential service'
    The "essential" designation request, which if granted would have barred workers from striking, comes as talks on a new contract have dragged on for seven months with no resolution.
  • Demand soars for Asia-Europe sea-air option to avoid longer Africa transit
    Dubai continues to be one of the more popular destinations for European importers with time-sensitive cargo, with the airport able to covert ocean freight to air cargo in 24 hours.
  • Ocean Alliance keeps status quo, renews partnership for another five years
    The carrier grouping is untouched by the latest alliance changes roiling the container market and will assume its position as the largest global alliance early next year after 2M dissolves.
  • DOE billions available for green energy projects, but cargo not moving yet
    Billions of dollars in federal funds are available to scale up innovative green energy projects, once would-be developers make it through the DOE's loan qualification process.
  • ODFL expands in Northeast as LTL land rush intensifies
    The second-largest US less-than-truckload provider is building terminals, parking lots and freight density as competitors vie for real estate and customers.
  • DOE billions available, but cargo is not moving yet
    Billions of dollars are available to scale up innovative green energy projects, once would-be developers make it through the DOE's loan qualification process.
  • Montreal port employers lose bid to make dockwork an 'essential service'
    The "essential" designation request, which if granted would have barred workers from striking, comes as talks on a new contract have dragged on for seven months with no resolution.

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TradeWinds web site
MARCH 15, 2024
  • Calling time: it's Euronav/CMB 2, FourWorld Capital 0 as Belgium weighs in
    European court joins US counterpart in refusing to block Saverys buyout deal, which then closes
  • Editor's selection: Record prices, new territory and a life-changing phone call
    Which stories have been setting the news agenda this week?
  • Wavelength Podcast: Container rates to drop once Red Sea transits resume, how to assess the impact of the IMO MBMs
    Zim and Hapag Lloyd results put freight rates under the spotlight, UNCTAD talks about the impact of MBM proposals
  • Liner giant MSC returns to recycling container ships after a two-month hiatus
    Liner giant is one of only two container shipping companies sending ships to the breakers this week
  • Seanergy reveals capesize swoop prior to asset price spike
    Greek owner adds Japanese bulker already worth $5m more than price tag
  • Odfjell CEO Harald Fotland becomes president of Norwegian Shipowners Association
    Hoegh Autoliners CEO Andreas Enger is elected vice president
  • Seanergy reveals capesize bulker swoop prior to asset price spike
    Greek owner adds Japanese bulker already worth $5m more than price tag
  • Brace yourselves: Geopolitical shifts to 'reshape' how shipping thinks
    'We have to understand that energy policy has close links to security policy', Norway's defence committee head says
  • Vega Bulk buys bulker as Japanese owner culls fleet
    Oslo-based owner splashes $18.5m on 2015-built handysize
  • Sanctioned Sovcomflot tankers switch tactics as they discharge cargoes in China
    The NS Century spent weeks off the coast of Sri Lanka after being hit by sanctions
  • 'Parasites or catalysts?' For lifetime shipbroker Michael Tusiani, the answer is clear
    Poten man becomes the first of his profession to wear Commodore's hat at Connecticut Maritime Association
  • Norwegian-controlled fleet shrinks for fourth year in a row despite $10bn orderbook
    Norway is still the fifth-largest shipping nation in the world
  • Shipping magnate to media mogul: Rodolphe Saade bids $1.68bn for France's third-largest media group
    Fresh from licking their wounds from failed Wincanton bid, the Saade family are buying Altice Media
  • Braemar nurtures next generation of leaders after high-profile departures
    UK-listed shop says it wants to provide career pathways for all staff
  • Sexual misconduct reports spike in US shipping after policy shake-up
    Assistant commandant says mariners have more trust in procedure, although they remain guarded
  • Germany's fourth FSRU arrives on site at new Stade terminal
    New regas unit due to fire up next month
  • Shipping magnate to media mongul: Rodolphe Saade bids $1.68bn for France's third largest media group
    Fresh from licking their wounds from failed Wincanton bid, the Saade family are buying Altice Media
  • Master says tanker was not struck by Houthi missiles in Red Sea
    Another vessel reports explosions as Yemeni rebels ramp up attacks
  • Clarksons tanker boss takes over in Greece as Savvas Athanassiades leaves
    Leadership change announced in Athens as long-serving boss departs by mutual consent
  • Houthis threaten to target ships diverting to Cape of Good Hope
    Rebel leader says Israel-linked vessels will be attacked in Indian Ocean
  • Houthi missile strikes tanker as militia steps up Red Sea attacks
    Another vessel reports explosions as Yemeni rebels ramp up attacks once more
  • Going nuts? Why Norden's Jan Rindbo is betting on cashew shells to crack the fuelling conundrum
    Danish group takes stake in MASH Makes as it continues to pioneer biofuels
  • Odfjell CEO Harald Fotland becomes new president of Norwegian Shipowners Association
    Hoegh Autoliners CEO Andreas Enger elected vice president
  • Maersk Supply Service and Edison Chouest to order newbuildings after teaming up on offshore wind
    Newbuilding plan will speed up turbine installations, partners say
  • Christen Sveaas sees Kistefos profit drop by $62m after Western Bulk's 'very disappointing and poor result'
    Norwegian firm seeks turnaround for dry bulk company
  • Kristen Sveaas sees Kistefos profit drop by $62m after Western Bulk's 'very disappointing and poor result'
    Norwegian firm seeks turnaround for dry bulk shipping company
  • Tributes paid to 'formidable broker' and 'selfless' charity champion Tim Webb
    BRS broker dies after stepping down from key role at hospital ship charity
  • How to win at green shipping? BCG thinks it knows how
    Despite cargo owners' low willingness to pay a premium for decarbonisation, shipowners and operators have a huge opportunity to capture revenue, says consulting giant
  • MPC Capital doubles holding in Oslo-listed MPC Container Ships with bet on future profits
    Hamburg asset manager boosts stake to 14% in $37m deal
  • Trafigura and Mercuria open bunker bases in Mauritius as ships shift routes to avoid Houthi missiles
    Trading and shipowning groups now operating out of Port Louis
  • 'Significant milestone': Singapore completes first ammonia bunkering trial
    MPA says event marks a significant milestone in city state's multi-fuel bunkering capability development
  • Decarbonisation is like dating, Lasse Kristoffersen says: Somebody has to make the first move
    Wallenius Wilhelmsen head says his company is bringing up emissions-slashing initiatives to its customers, not the other way around
  • Singapore completes first ammonia bunkering trial
    MPA says event marks a significant milestone in city state's multi-fuel bunkering capability development
  • Pyxis Tankers to hold fire on asset purchases until market cools
    US-listed owner says opportunities for fleet expansion of mid-sized vessels continues to be challenging
  • Red Sea situation will not be fixed with military interventions, Kristoffersen says
    Wallenius Wilhelmsen has not transited the Red Sea since mid-December

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American Shipper web site
MARCH 15, 2024
  • FedEx pilots take harder line as contract dispute drags on
    The FedEx pilots union is telling members that the company's slow response to its demands is triggering tougher tactics. FedEx says there is so much turmoil in the union that it doesn't know what demands to take seriously.

››› File
FROM THE HOME PAGE
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 first half of 2025, container traffic in the port of Gioia Tauro grew by +10.5%
Joy Taurus
2,186,211 TEUs were handled
A bulk carrier was attacked in the Red Sea
Portsmouth
The crew abandoned the ship which began to take on water
German government allocates 400 million euros to support energy transition in maritime-port sector
Over 78 million euros to the ports of Augusta and Taranto for offshore wind
Rome
Funds distributed over three years starting from 2025
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
Rijeka Gateway Terminal to become operational in early September
Copenhagen
The first ship at the second container terminal of the Croatian port is expected on September 12
Falteri (Federlogistica) urges us to focus on the development of "polycentric" logistics
Genoa
The Simplified Logistics Zone should be the cornerstone of the strategy
Tsuneishi Shipbuilding Co. acquired Mitsui E&S Shipbuilding Co.
Hiroshima/Tokyo
It was renamed Tsuneishi Solutions Tokyobay Co.
Pessina (Federagenti): Northern European logistics system is struggling. Let's take advantage of it!
Rome
Unexpected opportunity - he underlines - for the Mediterranean ports and Italian ones in particular
MSC Cruises Joins Carnival and Royal Caribbean in Capitalizing on Grand Bahama Shipyard
Miami
Negotiations underway since the end of 2024 have been successfully concluded
At The International Propeller Clubs the Dorso Award for the Mediterranean area
Naples
In recognition of the primary role played by logistics operators in Mediterranean traffic
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