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24 April 2025 - Year XXIX
Independent journal on economy and transport policy
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October 18, 2024

free news
Exim India web site
OCTOBER 18, 2024
  • Union Cabinet gives nod to Coastal Shipping Bill, 2024
  • DP World acquires 47,000 TEUs to increase cargo capacity and enable quick & flexible response to customer needs
  • India's merchandise exports up in Sept.
  • DGFT notifies import curbs on pocket lighter parts
  • India proposes $1.1 bn retaliation against EU's steel tariffs
  • Horticulture output shows a slight dip
  • Electronics exports surge by 21.8 pc in Apr.-Aug.
  • India's import of solar cells, modules dips in Q2
  • Gujarat's minor ports boosting industry, efficiency
  • IMC elects Devki Nandan as its first Chairman
  • DB Schenker launches augmented supply chain monitoring solution Ocean Bridge
  • Houthis in Yemen should cease attacks on intl shipping: UN Rep
  • India should not reconsider joining RCEP, says GTRI
  • Incident response strategies for logistics
  • Sharply worsening imbalances in global deep-sea trade

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International Transport Journal web site
OCTOBER 18, 2024
  • FedEx: first-ever panda roundtrip deliveries
  • RCG strengthens its European network
  • New services anchoring in Alaska
  • More teus to enhance cargo flexibility
  • A promotion for Leandro Reales
  • Pan-European procurement for Vodafone
  • Indiana River & Rail Terminals launched
  • Renewing a longstanding partnership
  • "Curiosity of the Day"
  • ONE introduces India Coastal Express
  • Driving inland shipping in Rotterdam
  • Supporting pharma supply chains
  • Raben joins Amazon's preferred carrier programme

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The Loadstar web site
OCTOBER 17, 2024
  • Freight rates will stay high next year - no respite for shippers, predicts Drewry
  • Europe's logistics operators tighten security after alert by UK counter-terror services
  • Solid interims plus insight from Prologis - Asian 3PLs, inventory & data centres
  • Ottawa proposes new mediator to break deadlock in Montreal port labour talks
  • Wall Street activist Dan Loeb invests in DSV
  • Uplift for Hong Kong's air cargo hub status, while container port declines
  • Congestion fears as box lines plan to dodge EU carbon tax with UK first-call
  • DVZ radar: DHL targeting SME customers
  • Expo Freight working to settle non-payment issues with Debenhams suppliers
  • Snapshot: How battered railroad CSX thinks about... trucking upside into 2025
  • CJ Logistics builds second Chicago warehouse to link with major rail freight lines
  • Emirates set to decide on which new freighter to order within weeks

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Marine Log web site
OCTOBER 17, 2024
  • Damen brings W&O on board F126 frigate program
    W&O Supply, one of the largest suppliers of valves, actuated valves, piping systems, and speciality products to the marine market, reports that W&O Europe has reached a framework agreement with Damen Naval
  • Top Women in Maritime 2024 winners announced
    Marine Log recently announced the winners of its Top Women in Maritime Award, which recognizes the achievements and leadership of outstanding women who have made a significant impact in the maritime sector.
  • VIDEO: Australia to expand naval shipbuilding capabilities at Henderson shipyard
    The Australian Government is to establish a consolidated Commonwealth-owned Defence Precinct at Western Australia's Henderson shipyard, calling the project "the critical next step in delivering continuous naval shipbuilding in Western Australia." It

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Container News web site
OCTOBER 17, 2024
  • Hong Kong establishes strategic development Board to reclaim lost shipping ground
    Hong Kong is launching a pivotal Maritime and Port Development Board, an industry-led council aimed at bolstering the city's stature as a global shipping hub. This strategic move will replace the existing Hong Kong Maritime and Port Board formed in 2016 and serve as a high-level advisory body to guide government policies and long-term maritime strategies. This content is locked Select a CN Premiu
  • WaveBL completes network connectivity POV with Swift, global banks, and eBL issuer MSC
    WaveBL, a blockchain-based electronic Bill of Lading (eBL) platform, has completed a Proof of Value (POV) with Swift and the participation of five global banks: Lloyds, Emirates NBD Bank, Federal Bank Limited, and other banks, as well as MSC, a leading ocean carrier acting as an eBL issuer on WaveBL. This POV marked a significant milestone by demonstrating the efficient transfer of structured ele
  • Last Chance for Early Bird Access to CN Premium
    Time is running out to take advantage of the 30% Early Bird Discount for Container News Premium -an exclusive offer available only until October 20 . This is your final chance to subscribe at a reduced rate and unlock the full benefits of one of the industry's most comprehensive resources for container shipping and logistics professionals. Container News Premium is designed to give you a competit
  • Ukraine focussed on upholding recovering shipping operations amid heightened Russian attacks
    In the past month, for the first time this year, Russia has escalated its military strategy to include targeting shipping and port infrastructure, prompting Ukraine to seek international intervention. Ukrainian authorities have appealed to the United Nations, specifically requesting that the International Maritime Organization (IMO) dispatch a monitoring mission to assess the situation. This cont
  • ONE strengthens China - US service
    Singapore-based box carrier Ocean Network Express (ONE) will enhance its East Coast 2 (EC2) service, following the recent announcement regarding the company's 2025 East-West product offerings. ONE noted Florida's Jacksonville port will now be included in the service rotation. EC2 (East Coast 2) service rotation: Xiamen (China) - Yantian (China) - Ningbo (China) - Shanghai (China) - Pusan (South K
  • NWSA nears 2.5 million TEUs in first nine months of 2024
    The Northwest Seaport Alliance (NWSA) said its September full international imports reached the highest level since the pandemic period, marking seven straight months of growth. NWSA's volumes increased by 9.9%, compared to August, and 0.9% compared to September 2023, while full international exports decreased by 7.4% and total international volumes increased by 0.6% compared with September 2023.
  • Greek vessel owners take US$18 billion gas gamble
    Greek ship owners have spent an unprecedented US$18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes, according to new research by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical. A new report "Greek Speculative S&P Investments" state
  • Harim Group chairman doesn't back down from HMM acquisition plans
    Harim Group chairman Kim Hong-kuk said at a press event on 16 October that his company would consider bidding for HMM again if another attempt is made to sell the South Korean flagship carrier. The poultry processing group, which had acquired South Korea's largest dry bulk shipping business Pan Ocean in 2015, was named the preferred bidder for HMM at an initial sales attempt last December. Howeve
  • How Global Port Cities Drive Trade and Economic Growth
    The global hub or nodal port cities are critical to the smooth functioning of global shipping networks and are also becoming competitive powerhouses in the expansive arena of the shipping market. Currently, over half of the world's richest cities are port cities, a pattern expected to continue under various future projections. These port cities boast advanced infrastructural capabilities and stra
  • Yang Ming announces two new services in Europe/Med region
    Taiwanese container carrier Yang Ming has announced the launch of two new services aiming to strengthen its network in Europe and the Mediterranean region. Starting in January 2025, Yang Ming will commence North Europe-Aegean Express (NEA) and North Europe-Levant Express (NEL) services, providing a more comprehensive and faster service network to meet the growing market demand in Europe. NEA serv
  • MSC increases PSS from West Med, Adriatic and Israel to US, Bahamas, Puerto Rico, Canada and Mexico
    MSC has announced an increase in the Peak Season Surcharge (PSS) from the West Mediterranean, Adriatic and Israel to the United States, Bahamas, Puerto Rico, Canada and Mexico. Effective from 9 November, the PSS from West Med and Adriatic will be US$1,100/TEU and US$2,200/FEU for all equipment types, while from Israel, the PSS will be US$750/TEU and US$1,500/FEU. If you liked this post, please co
  • Sea-Intelligence reports significant deterioration in trade imbalances
    In its latest analysis, Danish maritime data analysis firm Sea-Intelligence dives into developments in trade imbalances and back-haul utilisation in the post-Covid period. Pre-Covid, the back-haul vessel utilisation was hovering around the 50% mark but has been declining since then and dropped below 40% in August 2024 for the first time, according to Sea-Intelligence data. The analysts note they
  • Port of Long Beach reports record box volumes
    Increased demand for holiday-related goods nudged the Port of Long Beach (POLB) to its most active September and busiest quarter on record, as shippers continued to move goods ahead of a labor contract deadline for seaports on the East and Gulf coasts, which resulted in a three-day strike at the start of October. POLB's dockworkers and terminal operators moved 829,499 TEUs in September, up just 7

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Splash web site
OCTOBER 17, 2024
  • Hengli Heavy in Shanghai listing move
    Chinese shipyard Hengli Heavy Industries is set to go public via a major asset restructuring with Hengli Group-controlled ceramic products manufacturer Songfa Ceramics. Hengli Group's shipbuilding business will indirectly enter the capital market via a deal that resembles a reverse takeover, also sometimes referred to as a backdoor listing, through an asset swap and share ...
  • Transocean scoops $193m drillship contract in US Gulf
    Swiss-based offshore drilling giant Transocean has secured a one-year contract with an undisclosed operator in the US Gulf of Mexico for its ultra-deepwater drillship Deepwater Conqueror. The New York-listed operator of 34 floaters said the rig has been fixed from October 2025 for about $193m, including additional services. The 2016-built unit is currently operating for ...
  • Vale signs up one more valemax for rotor sails
    Japanese owner NS United Kaiun Kaisha and Brazilian mining giant Vale International have agreed to install rotor sails manufactured by Anemoi Marine Technologies on a 400,000 dwt valemax. The sails were installed on the NSU Tubarao, which has been engaged in a long-term transportation contract between NS United and Vale since its delivery in September ...
  • Bahri clinches $756m financing for Marinakis VLCCs deal
    Saudi Arabia's flagship line Bahri has secured $756m to partially finance nine very large crude carriers it agreed to buy from Evangelos Marinakis-controlled Capital Maritime & Trading earlier this year. The Riyadh-based company has penned a murabaha financing deal with Alinma Bank. Bahri is paying about $1bn in total for the scrubber-fitted ships delivering by ...
  • Hong Kong Maritime and Port Development Board given greater powers
    Hong Kong is setting up an industry-led Maritime and Port Development Board to assist the government in putting forward policies and long-term development strategies as the city takes a multipronged approach to consolidate its status as an international shipping centre. The Hong Kong Maritime and Port Development Board, which will replace the existing Hong Kong ...
  • d'Amico exercises option to buy another product tanker at a discount
    Milan-listed product tanker owner and operator d'Amico International Shipping (DIS) has exercised its purchase option on an MR product tanker currently under charter with the company. The Carlos di Mottola-led firm bought the 2018-built, 49,999 dwt medium-range product tanker High Leader for a consideration of approximately $34.3m. The vessel, built by the Japan Marine United Corporation, ...
  • Diana Shipping charters out panamax to Raffles Shipping
    New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Raffles Shipping International for one of its panamax vessels. Raffles Shipping hired the 2010-built, 75,700 dwt bulker Selina. The gross charter rate is $10,500 per day, minus a 5% commission paid to third parties, for a period until a minimum ...
  • Nuclear power for shipping pioneer CORE POWER swells funding to $500m
    Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry. CORE POWER is building the world's first maritime civil nuclear program in the Organisation for Economic Co-operation and Development (OECD), which ...
  • Philippines confirm commerciality for three offshore wind projects
    The Department of Energy of the Philippines has awarded certificates of confirmation of commerciality to three offshore wind projects with a combined target capacity of 1.65GW. The projects are being developed by a consortium of Triconti Windkraft Group, Sea Wind Holdings, and Stream Invest Holding. The trio has decided to put the projects into the ...
  • George Economou seeks to delay Seanergy boardroom vote
    George Economou has moved to delay the upcoming annual shareholders meeting at US-listed Greek capesize bulker specialist Seanergy Maritime. The Greek shipping magnate, who, via his affiliated investment vehicle, owns about 9% of Seanergy, launched a proxy fight in June, naming John Liveris and Georgios Kokkodis as his board picks just a few months after ...
  • Titan Wind Energy to build FSO for Singapore energy player
    Chinese wind power equipment maker Titan Wind Energy has secured a deal worth $45m to build a floating storage and offloading (FSO) vessel. According to a stock exchange filing, a subsidiary of Titan Wind, Nantong Changfeng New Energy Equipment Technology, will build the vessel for OceanSTAR Marine and Offshore Investment, a Singaporean energy project contractor. ...
  • American stealth bombers pound Houthi weapons caches
    US Central Command (CENTCOM) forces conducted multiple airstrikes on numerous Houthi weapons storage facilities in Yemen early this morning in a bid to degrade the militant group's capability to continue what was described as their "reckless and unlawful" attacks on international commercial shipping in the region. CENTCOM forces, including stealth bombers, targeted the Houthi's hardened ...
  • Ukraine reaches out to the IMO as Russian attacks intensify
    With Russia targeting shipping and port infrastructure over the past month for the first time this year, Ukrainian authorities are seeking help from the United Nations, asking the International Maritime Organization to send a monitoring mission. Splash has reported on four international merchant ships coming under attack over the past five weeks, the first confirmed ...
  • Russia claims to be developing nuclear-powered submarines to deliver Arctic LNG to Asia
    Russia is pressing ahead with a whole new form of gas transport, unveiling designs for nuclear-powered submarines to ferry LNG from the Arctic to Asia. The Kurchatov Institute, Russia's leading research and development institution in the field of nuclear energy, is working with energy giant Gazprom to build the underwater gas carriers, with delegates attending ...
  • Greek owners make $18bn gas gamble
    Greek shipowners have spent what analysts at VesselsValue describe as an "unprecedented" $18bn on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes. Data from VesselsValue shows Greek owners have spent $13.8bn on 59 LNG carriers since 2021, as well as around $4bn on 41 ...
  • INTERCARGO asks RightShip to rethink new age limit for bulk carrier vetting inspections
    Members of INTERCARGO, a global dry bulk shipping association, have voiced their concerns regarding ship vetting platform RightShip's decision this week to reduce the age limit of bulk carriers eligible for vetting inspections from 14 to 10 years. INTERCARGO said it was disappointed RightShip had not consulted with the organisation prior to announcing the age ...
  • AHTS newbuild prices double in the space of just three years
    A new report from VesselsValue shows the remarkable leap in offshore newbuild prices with some asset classes nearly doubling in the space of just three years. Offshore values for five-year-old, large anchor handling tug supply (AHTS) vessels have spiked by 97% since 2021, according to data from VesselsValue. Platform supply vessels (PSVs) have spiked by ...
  • WinGD introduces LPG pre-fit option for operators looking at the ammonia trades
    Swiss marine power company WinGD has introduced an option for its X-DF-A ammonia-fuelled engines to be delivered capable of running on liquified petroleum gas (LPG). Chinese-controlled WinGD said the pre-fit solution will be of particular interest to vessels under construction for the anticipated global trade in ammonia, which will also be capable of transporting LPG. ...

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Lloyd's List web site
OCTOBER 17, 2024
  • Shipping splits into 'parallel universes' as global trade continues to decouple
    The Russia-Ukraine war, the Houthi attacks in the Red Sea, the extreme tensions between the US and China - it...
  • Ofac announces more Houthi sanctions hours after US bombs militants' weapon sites
    The US has announced a fresh round of sanctions targeting shipping networks linked with designated Houthi financier Sa'id al-Jamal. The...
  • Daily Briefing
    UK to check 'shadow fleet' tankers for 'suspect, dubious' insurance during English Channel transits | Biggest set of sanctions to...
  • Two fixed-premium insurers behind Iran-trading sanctioned tankers
    The rise of fixed premium providers with unknown financial status and backing highlights flag registries' absence of due diligence into...
  • UK to check 'shadow fleet' tankers for 'suspect, dubious' insurance during English Channel transits
    Focus on marine insurers covering elderly and poorly maintained tankers shipping Russian oil has intensified amid concern from regulators they...
  • Record number of tanker sanctions fail to interrupt Iran-China trade
    'US sanctions are actually having the strongest impact on the Russian market, but it seems that these vessel-specific sanctions in...
  • Shanghai gears up to lead green fuel bunkering service
    More methanol bunkering trials with Maersk's boxships are in plan
  • Biggest set of sanctions to date 'unleashed' by UK
    The latest sanctions are part of Foreign Secretary David Lammy's 'personal mission to crack down on the full spectrum of...
  • DP World makes Asia-Pacific pivot to ride crest of supply chain shift
    'Everything we acquire, whether a logistics park, dry port or rail operation, relates to the routes we try to connect,'...
  • Shippers warned of further disruption wave
    London-based analyst Drewry warns carrier customers that a 'likely' US port strike will only add to the 'chronic situation' enveloping...
  • Mysterious boxes shipped from occupied Crimea unloaded in Syria
    The true destination of the containers is unknown, but there is a distinct possibility that the containers will travel beyond...
  • Norwegian Shipowners Association moves to remove Ro Marine address from its Oslo building
    Norway's company registry has been contacted to remove references to Ro Marine's address at the association's Oslo building because it...
  • Vale posts biggest iron ore production since 2018
    Brazil-based Vale has registered a nearly 5% year-on-year increase in iron ore production in the nine months of 2024 so...
  • Verified gross mass ruling may go the other way in future cases, claimants' lawyers insist
    High Court 'effectively extended the duty of care, acceding to the claimant's legal argument, but made adverse findings of fact,'...
  • Regulations key to alternative fuels pricing, market development
    The use of technology and greater collaboration can help provide greater transparency, bearing in mind that the move to greener...
  • CMA CGM and HD Hyundai team up on ship lifecycle emissions project
    Move presents one of very few initiatives in the industry that integrates the shipbuilding process into the broader ambition of...
  • Bunker players see biofuels, LNG as best transition fuels
    Vitol Asia sees 2024 as the year in which customer demand for higher concentrations of biofuel has been rising
  • Ukraine calls for IMO monitoring as Russian attacks intensify
    Russian attacks on shipping in Ukrainian ports have intensified recently, with four separate attacks recorded in the space of nine...
  • The week in bunkers: Singapore biofuel bunker sales hit record high
    Upcoming environmental regulations are driving more shipping companies to secure biodiesel-blended marine fuels in Singapore, as such blends are viewed...
  • Intercargo concerned by RightShip inspection age change
    The association said bulk carrier owners were not consulted on the decision and is urging RightShip to reconsider its timeline...
  • MOL eyes atomic future as Japan warms to nuclear
    MOL president Takeshi Hashimoto says nuclear power is a necessary part of shipping's decarbonisation and he will consider further engagement...
  • Hengli Heavy's backdoor listing in Shanghai set to fuel shipbuilding expansion
    Move comes against the backdrop of a boom in the shipbuilding market, with Hengli seizing the opportunity to quickly emerge...

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The Journal of Commerce web site
OCTOBER 17, 2024
  • Ripple effects playing out globally from ILA strike: analyst
    Despite its brevity, shippers can expect to see ongoing impacts on tonnage supply on some trade lanes from the Oct. 1-3 strike, Lars Jensen told the South Carolina International Trade Conference.
  • STB approves CPKC, CSX acquisitions of regional rail line in southern US
    The Class I railroads are acquiring separate sections of a rail line in Alabama and Mississippi, allowing them to launch a new joint intermodal service between Mexico and the Southeast US.
  • Premier Alliance enhances network ahead of February launch
    The group, comprising ONE, HMM and Yang Ming, said the changes apply to two trans-Pacific services and an Asia-Mediterranean service.
  • Montreal says congestion risk grows as dockworkers refuse overtime
    The port's main container terminals are among the facilities affected by the overtime strike that Montreal's dockworkers have deployed as part of contentious contract negotiations.

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TradeWinds web site
OCTOBER 17, 2024
  • Dacks breaks into MR tanker sector with order from Chinese leasing company
    Taiping & Sinopec Financial Leasing has ordered two product carriers backed by charter contracts from Shandong Shipping Tanker
  • US takes another swipe at Houthi financier with sanctions against new swathe of ships
    Treasury Department adds eight ships to its list of blocked assets
  • Navigator Gas wins 7.25% rate on $100m Nordic bond issue
    Remaining portion of existing notes to be redeemed at 101.6% of par value
  • 'Relentless' decline as fixtures by commodities giants push capesize rates to 11-week low
    Cargill, Rio Tinto and Fortescue Metals group push rates downward on Australia-to-China iron ore trade
  • Frontline scores Brazil-to-China rate gain as VLCCs exit shoulder period 'relatively unscathed'
    Breakwave Advisors sees VLCC rates at a floor after sailing through lull between cargo programmes
  • US takes another swipe at Houthi financier with sanctions against another swathe of ships
    Treasury Department adds eight ships to its list of blocked assets
  • Captain Tsakos bucks trend as new Greek maritime academy opens doors and minds
    Building on the success of its nautical high school, Greek shipping clan shifts gears
  • Drama not scaring Alexander Hansson from the Nordic American Tankers trough
    Board vice chairman grabs 50,000 shares bringing 2024 total to 900,000
  • Soaring jet fuel shipments offer lift for LR2 tanker shipowners
    Exports on product carriers grow from the Middle East in particular as plane journeys increase
  • John Fredriksen adds to DOF Group stake with Oslo share purchases
    Tycoon strengthens his position as offshore shipowner's second- biggest shareholder
  • Delta Corp wins court approval to seize $31m from Dubai trader
    But judge's decision opens door for OQ Trading to challenge decision
  • More tankers set to load at Russian Black Sea port as Kazakhstan ups oil production
    Kpler says central Asian producer to pump 243,000 barrels per day more oil in November
  • Diana Shipping-backed Windward Offshore allies with Stodig to manage new CSOV fleet
    Seatrans-owned manager to handle four newbuildings
  • Clarksons: Green ammonia set to outstrip shipping fuel competitors in long term
    Head of green transition Kenneth Tveter says shipping could piggyback on build-out of production
  • UK unveils biggest ever sanctions package against Russian shadow fleet in 'mission to constrain the Kremlin'
    Government says it will challenge tankers with dubious insurance status that pass close to its coast
  • Maersk launches Ukraine service as liner giant unfazed by Russian attacks on shipping
    Intensifying raids on ports do not seem to reduce country's seaborne traffic
  • Pacific Basin Shipping supramax earnings disappoint in third quarter
    Owner-operator had to pay more for third-party vessels when it was unable to supply its own
  • Perfect storm propels tanker newbuilding orders to highest level since 2006, SSY says
    Head of research cites dearth of previous orders, an ageing fleet and buoyant markets due to global turmoil
  • More fragmented than baby-sitting: Why shipping stocks can't clear the NAV hurdle
    This week's Streetwise takes a look at Star Bulk's Hamish Norton and his search for answers
  • Evangelos Marinakis heads $18bn Greek gas gamble that 'could shape the future of global trade'
    Veson Nautical's Dan Nash says 'bold' investment stance could shape the future of global trade
  • VLGC spot rates shed 16% in a week amid fixture slowdown and sentiment pullback
    Middle East market hangs on Saudi Arabia while charterers bide their time in the Atlantic
  • Winter shocker for modern LNG carriers as rates crash into $20,000 per day range
    Steam turbine vessels 'out of the picture' and tri-fuels at operating expenses levels
  • d'Amico International Shipping hits long-term goal of buying chartered-in fleet
    Italian owner exercises MR option after snapping up four others in recent months - at a discount
  • Iran battles oil slicks spreading after leak off key export hub of Kharg Island
    Impact on tanker loadings is not yet known
  • Tanker giant Cosco Energy snaps up fleet of 16 LPG and chemical carriers from sister firms
    State-owned group consolidating its operations to target more international business
  • Russians nabbed over banned shipments of chemicals from Spain
    Spanish police seize 13 tonnes of chemicals at port of Barcelona
  • Who is Daniel Hockey? 'Fixing machine' steps into the spotlight at Affinity
    New brokerage head reveals company is growing a Dubai office and will build out its tanker business
  • Beer, chocolate and hydrogen: How Antwerp lured the Global Maritime Forum
    CMB.Tech's Alex Saverys aims to showcase Antwerp's green projects, Africa links and Brussels dialogue to shipping leaders in 2025
  • Polembros Bulkers buys first ship in four years as asset prices dip
    Traditional Greek owner acquires a post-panamax bulker as countrymen step up S&P activity
  • Nordea shipping loan book drops in third quarter as it reshuffles top management
    Bank names Petteri Ankila new head of large corporates & institutions
  • US stealth bombers take out underground Houthi weapons caches
    Yemeni rebel group warns of 'imminent response' to Western air strikes
  • A view from China: Shipping powerhouse still driving global trade forward
    Shanghai is a city transformed by two decades of global trade, and it's not finished yet

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American Shipper web site
OCTOBER 17, 2024
  • Rail a key to 10 million-TEU Charleston forecast
    Portwide expansion and upgrades for ship, rail and truck have Charleston, South Carolina, officials eyeing annual capacity of 10 million TEUs for the fast-growing Southeastern maritime hub.
  • Coal company sues Dali shipowners for over $100M
    Consol Energy is suing the owner of the ship that caused the Baltimore bridge collapse that forced the company to shut down its export terminal for most of Q2.
  • Air cargo sector rides elongated peak season to strong finish
    The air cargo sector is finishing the year with a flourish as peak season demand pushes freight rates even higher.

››› File
FROM THE HOME PAGE
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
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