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

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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
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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