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28 April 2025 - Year XXIX
Independent journal on economy and transport policy
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October 25, 2024

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Exim India web site
OCTOBER 25, 2024
  • Cargo volume up at Major Ports in Sept.
  • ESL launches India East Mediterranean Express (IEX) service
  • Asia best-connected to global shipping networks and a driver of merchandise trade
  • IMF estimates India's growth at 7 pc in FY25
  • India organises Land Port Training under ITEC for officials from neighbouring countries
  • Leadership in supply chain risk management
  • Vessel bunching on the increase
  • Mormugao Port Authority recognised globally as an incentive provider on the Environmental Ship Index (ESI) platform
  • Govt notifies removal of export tax on parboiled rice
  • Anti-dumping duty on 5 Chinese products
  • Gandhidham Chamber of Commerce applauds DPA Chairman for immediate resolution of port issues
  • COSCO SHIPPING Ports acquires stakes in Laem Chabang Port terminals
  • CMA CGM Group and SUEZ ink MoU to help decarbonise shipping in Europe
  • Clarification regarding debiting of Restricted License for import of IT Hardware
  • LNG freight rates fall due to less demand
  • Attacks on merchant ships in Ukrainian ports, waters could threaten dry bulk exports

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International Transport Journal web site
OCTOBER 25, 2024
  • Not only for tanks
  • "Rail.Hub" wins German Logistics Award 2024
  • A train to link Swarzedz with Barcelona
  • Supporting Hong Kong's gold storage strategy
  • Uber Freight's Mexican milestone
  • UP's KCIT to open in mid-2025
  • Overseeing Air Partner's cargo division
  • Damen delivers first CF 3850 vessel
  • FedEx to boost shipping capacity in Honduras
  • "Curiosity of the Day"
  • Rest stations for drivers in India
  • Fuel for up to 3,000 CNG powered trucks daily
  • Mr. Marine welcomes new CEO
  • CBP recovers stolen machinery bound for Guinea

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The Loadstar web site
OCTOBER 24, 2024
  • MSC ship first in line for disruption as Montreal dockers call Sunday strike
  • Final defendant in Polar Air Cargo case pleads guilty before trial begins
  • Conf call redux: DSV - 'the logic still applies'
  • Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N
  • Kuehne + Nagel - applying Say's Law
  • Freight rates on major ocean trades out of India continue to slide
  • Red Sea crisis proving 'a boom period' for feeder operators
  • South Korean state tightens control of HMM amid privatisation questions
  • Boeing's turnaround plan hits a hurdle as machinists vote to continue strike
  • A new age of sail - but not for deepsea containerships, says bound4blue

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Marine Log web site
OCTOBER 24, 2024
  • Dali owner and operator will pay $102M to settle U.S. claim
    The U.S. Department of Justice Department has announced that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the containership Dali, have agreed to pay
  • Grain de Sail plans to build 200 TEU pure sail containership
    Wind-assisted propulsion systems (WAPS) have been a lot in the news lately as more owners add hard sails or rotors to ships to meet major charterers' needs to decarbonize. French coffee roaster
  • K-Line to start trials of Inmarsat's NexusWave
    Japanese shipping giant K-Line (Kawasaki Kisen Kaisha Ltd.) said today that it is to trial Inmarsat Maritime's new network service NexusWave on its fleet, with trials beginning this month. Launched in May

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Container News web site
OCTOBER 24, 2024
  • China's self-developed LNG container ship delivered in Dalian
    Dalian Shipbuilding Industry Co., Ltd. announced the delivery of China's self-developed liquefied natural gas (LNG) dual-fuel container vessel on 21 October in Dalian. Constructed for the world's largest container line MSC, the ship spans 366 meters in length, 51 meters in width, and has a molded depth of 30.2 meters, with a design draft of 14.5 meters. It boasts a capacity of carrying 16,044 sta
  • Asia's Dominance: Box Throughput and Investments at the World's Busiest Ports
    In 2023, the top five ports in terms of container throughput were all located in Asia, underscoring the region's dominance in the shipping industry. This geographic concentration highlights Asia's growing influence and strategic importance in the maritime sector. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating
  • Hapag-Lloyd applies new peak season surcharge from Latin America to Europe
    German container line Hapag-Lloyd has announced a new peak season surcharge (PSS) from the West Coast of Latin America, Central America and the Caribbean to North Europe and the Mediterranean. The surcharge of US$900 per reefer container will be applicable to all sailings starting on 11 November and will be valid until further notice. The company noted the implementation date for Colombia, Ecuado
  • CCS unveils world's first five-in-one, foldable container
    Compact Container Systems (CCS) has launched the SeaFold HC 40' container, the world's first five-in-one, foldable shipping container to improve operating inefficiencies, reduce unnecessary container movements, and reduce carbon emissions throughout the transportation and logistics supply chain. With over 20% of all ISO containers returning to their port of origin empty, the SeaFold 40' has the p
  • Med ports amid Red Sea crisis: The two sides of the same coin
    The Red Sea crisis has significantly impacted the global shipping industry with the Mediterranean ports experiencing various effects from the ongoing disruption. Container News carried out a comparative analysis of the major Mediterranean ports of Tanger Med (Morocco), Piraeus (Greece), Port Said (Egypt) and Valencia (Spain), aiming to highlight the level of impact and resilience amid the continu
  • ShibataFenderTeam provides DP World Callao with fender systems
    The Port of Callao in Lima, Peru has seen its DP World-operated South Terminal transformed in recent years with the construction of Muelle del Bicentenario. The addition of 400 meters to the terminal has extended its total length to 1,050 meters, making it the longest in the country. This expansion allows the South Terminal to service up to three vessels simultaneously, including two vessels of u
  • HMM acquires more than 112,000 containers after lease amendment
    South Korea's flagship carrier HMM will take over more than 112,000 containers that it originally had on operating lease from state-controlled financial institution Korea Ocean Business Corporation (KOBC). This content is locked Select a CN Premium Subscription Package To Unlock The Content! Martina Li Asia Correspondent If you liked this post, please consider donating The post appeared first on
  • OOCL signs charter deals with Seaspan for six new 13,000 TEU boxships
    COSCO-owned ocean carrier Orient Overseas Container Lines (OOCL) entered into charter agreements with Seaspan for six brand new 13,000 TEU container ships for a maximum aggregate amount of US$1.6 billion (RMB11.2 billion). The newbuildings are expected to be delivered between the fourth quarter of 2026 and the first quarter of 2028 and are to be chartered for 15 years from delivery. (top left) We
  • Mexico Factor: How US-China Trade Tensions are Reshaping North America Logistics
    The landscape of US-China trade has undergone a dramatic transformation since 2018, when tariff policies implemented during the Trump administration and maintained under Biden began reshaping global supply chains. With these policies affecting over US$380 billion worth of trade and resulting in US$79 billion in tariffs, businesses have been forced to seek creative solutions to maintain their comp
  • "K" Line to trial Inmarsat Maritime's new bonded network service on its fleet
    Japan-headquartered transport company Kawasaki Kisen Kaisha ("K" Line) will conduct a trial of Inmarsat Maritime's new bonded network service NexusWave on its fleet. NexusWave seamlessly integrates multiple high-speed networks in real time to enable high-speed, always-on ship-to-shore communications, thereby enhancing digitalization of ship operation and environmental response, as well as the wel
  • Port of Long Beach secures US$2.6 million federal grant to enhance cybersecurity, drone detection and cargo flow
    The Port of Long Beach (POLB) has been awarded more than US$2.6 million by the US Department of Homeland Security's Federal Emergency Management Agency (FEMA) to protect critical infrastructure and ensure the safe movement of trade. As the nation's third-largest recipient of the agency's Port Security Grant Program, POLB will invest the funding into strengthening cybersecurity, improving drone de
  • Red Sea crisis causes "vessel bunching" to hit pandemic peak levels
    In its latest analysis, Sea-Intelligence has dived into the "vessel bunching" phenomenon, which is defined as the number of sailings in a given week in excess of the number of weekly services. The Danish maritime data analysis firm explains, "From a network design perspective, for every weekly deep-sea liner service, one vessel would be scheduled to depart from an origin region each week. However
  • COSCO invests US$110 million in Thai container terminals
    COSCO SHIPPING Ports has acquired 12.5% and 30% equity stakes in Thai Laemchabang Terminal (TLT) and Hutchison Laemchabang Terminal (HLT), respectively. The signing ceremony took place in Vietnam on 23 October. The consideration for the acquisition is approximately US$110 million, which includes Berth A2 in TLT, Berths A3, C1-C2 and D1-D3 in HLT, where D1-D3 is partly under construction. The tota
  • The Impact of Sustainable Containers on the Industry
    Photo by Tom on Pexels Sustainability is now a priority focus in most sectors. More businesses are actively looking for ways of reducing their footprint. The storage and logistics sector is one notable area of change, where previous containers have always contributed to waste and pollution. This growing demand has led to the introduction of sustainable options. These solutions are designed to min
  • 3 Professional Development Paths for Marketers: Improve Your Career with Strategic Choices
    Source: Unsplash Full-time marketers face significant challenges in staying relevant. Online marketing evolves fast, and they have to answer that growth. A study revealed that 87% of marketers consider professional development crucial. However, only 29% are satisfied with their current skill opportunities. This article delves into three professional development paths. The material aligns with the
  • Comprehensive Guide to Throne and Liberty: Mastering Weapons, Skills, and Builds
    In this review, we go into the fascinating world of Throne and Liberty. Your character's power is determined by the weapons and skills you select. We'll review the various types of weapons available, along with different builds and strategies tailored to all kinds of playstyles. By the way, a lot of players use Throne and Liberty boosting to make the game easier. However, there's also a unique pl

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Splash web site
OCTOBER 24, 2024
  • Performance Shipping fixes leaseback deal for second LR2 newbuild
    Greece's Performance Shipping has agreed a new sale and leaseback deal for one of its newbuilds. The Nasdaq-listed tanker owner and operator of seven aframaxes on the water is selling its LNG-ready scrubber-fitted LR2 product and crude oil carrier to an unnamed counterparty in Asia and chartering it back for 10 years on a bareboat ...
  • Wood secures work on Singapore FSRU
    UK consulting and engineering firm Wood has been awarded an FEED contract by the Singapore LNG Corporation (SLNG) for the development of Singapore's second LNG terminal. The expansion with the second terminal will add an estimated five million tonnes per annum of additional capacity. The new terminal will also secure the country's growing energy needs ...
  • DDW Offshore scores double AHTS deal in Australia
    Norway's DDW Offshore, a business unit of Oslo-listed oil services investment company Akastor, has won new contracts for two anchor handling tug supply (AHTS) vessels in Australia. The contracts with an international oil company involve the 2010-built Skandi Peregrino and the 2012-built Skandi Atlantic, commencing on January 1, 2025, and March 1, 2025, respectively. Both ...
  • BlackRock sells GasLog stake to Singapore's GIC
    US investment giant BlackRock is selling out of Greek liquefied natural gas (LNG) shipping player GasLog. A fund managed by the New York-based firm's Global Infrastructure Partners (GIP) has struck a deal for Singaporean sovereign wealth fund GIC to take over its 45% stake in the Peter Livanos-backed GasLog for an undisclosed sum. The deal ...
  • COSCO buys into Thailand's largest port
    COSCO Shipping Ports has bought into Thailand's largest port, buying stakes from Hutchison Ports at Laem Chabang. China's largest maritime conglomerate is spending $110m to take 12.5% and 30% equity stakes in Thai Laemchabang Terminal (TLT) and Hutchison Laemchabang Terminal (HLT), respectively, the two largest terminals at the port. The acquisition covers berth A2 in ...
  • Somali pirates head back to sea
    International shipping has been warned that pirates from Somalia are likely back hunting for targets in the Indian Ocean. With monsoon season coming to a close, 13 armed pirates have left from Ceel Huur near Hobyo and are in the Indian Ocean, according to both the European Union's naval force in the region as well ...
  • TS Lines moves to raise up to $145m in Hong Kong IPO
    Taiwanese carrier TS Lines launched its initial public offering in Hong Kong Thursday, looking to raise up to about $145m. The intra-Asia feeder specialist is floating nearly 251m shares at HK$3.50 to HK$4.50 apiece, according to a Thursday filing, of which 10% are being offered publicly in Hong Kong and 90% to international investors. TS ...
  • Chinese car parts maker moves into shipbuilding
    Chinese car parts manufacturer Xingmin Intelligent Transportation Systems (Xingmin ITS) is expanding into the shipbuilding business by acquiring a 30% stake in Zhejiang East Coast Shipbuilding. The Shenzhen-listed company, which mainly produces steel wheels for cars and trucks, is paying RMB360m ($50.5m) for its move on the subsidiary of Yangfan Group, which also controls Zhoushan ...
  • GTT wins service contract for Eni's FLNG in Mozambique
    LNG containment system leader GTT has been awarded a service contract on Eni's Coral Sul FLNG vessel off Mozambique. Eni is the operator of the Coral Sul FLNG project on behalf of Area 4 partners ExxonMobil, CNPC, Galp, KOGAS, and Mozambican national company ENH. The FLNG is located in the Rovuma Basin off the coast ...
  • Chinaland enters cape segment
    Shanghai-headquartered Chinaland has moved into the cape segment with two purchases, joining a string of other Chinese owners, putting its trust in sustained growth for vintage giants. Earlier this month, brokers reported that Taiwanese owner CMT, a pure cape player, sealed its first sale in over a decade, offloading the 19-year-old China Peace for around $20m. Now, ...
  • German firm to invest $4.6bn in Vietnamese offshore wind project
    German renewable energy developer PNE has announced that it would be investing $4.6bn in an offshore wind project in Vietnam's Binh Dinh province. The project has a capacity of 2GW, divided into three phases with each phase resulting in an investment of over $1.5bn. The Binh Dinh province has large offshore wind potential due to ...
  • GE Vernova to remove number of blades from stricken Vineyard Wind
    GE Vernova has revealed that it would remove several blades from the Vineyard Wind project after completing quality checks of all blades. The quality check was part of the Incident and Response and Action Plan announced in August following an incident in July in which a blade suffered damage and island beaches were strewn with ...
  • Transformation of Constanta port accelerates
    One of Europe's fast growing ports is in transformation mode with dredging, new facilities and greater rail link projects all underway. When Russia backed out of the UN-backed Black Sea Grain Initiative in mid-July last year Ukraine was forced to shift much more of its exports via the Danube and route shipments via the very ...
  • French firm debuts sailing vessel capable of carrying 200 teu
    Grain de Sail's newest project, the Grain de Sail III sailing ship, is expected to set sail in 2027 and will be the largest vessel in the fleet, measuring 110 m in length and able to carry 200 teu, emitting less than 2 grams of CO2 per ton transported per km traveled. The ship should ...
  • Why I'm backing this country to become a major crewing force
    Carl Martin Faannessen, the CEO of Noatun Maritime, on the potential for Kenya to become a seafaring hub. Once upon a time there was a crewing company in one of the main hubs for crewing. It was getting requests from Chinese owners to supply ratings, which made little sense considering the number of Chinese seafarers. ...

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Lloyd's List web site
OCTOBER 24, 2024
  • Baltimore bridge case will last years but key decision is just days away
    The US federal government settled its suit for costs from the Baltimore bridge disaster, but the legal action has just...
  • Daily Briefing
    Ceres I arrives in China as mystery deepens over marine insurer liability | P&I rate hikes heading up, but pace...
  • Ceres I arrives in China as mystery deepens over marine insurer liability
    The accident on July 19 left both tankers on fire and seriously damaged, and whether insurers will pay out is...
  • Andrews defends Steamship Mutual pricing strategy in face of broker criticism
    Move to put premiums up by 5% and then give back more than double that is the right one for...
  • Singapore sovereign fund GIC agrees to buy BlackRock stake in GasLog
    New investor's long-term investment horizon 'aligns' with GasLog values, says shipowner
  • Hapag-Lloyd on track to earn $2.6bn more than expected this year
    Germany's Hapag-Lloyd posted 3Q24 ebit of $1.1bn and ebitda of $1.6bn. New full-year guidance implies the fourth quarter will be...
  • Shanghai prepares insurance and legal services for green shipping
    A specialised clause for electric vessels has been created, while products for alternative fuel-powered ships are in preparation
  • Costamare shuffles management of bulker operating platform
    Long focused on the container sector, the US-listed owner has built up a significant bulker operating business since 2022, following...
  • Fire safety, radar and navigation problems on wind power's long to-do list
    Wind-assisted propulsion systems will need to resolve a raft of technical problems if they are to go mainstream
  • P&I rate hikes heading up, but pace of increase set to slow
    'First-class owners with good records are already paying enough,' argues Tysers
  • Höegh Autoliners chief unfazed by deluge of vehicle carrier newbuildings
    Newbuilding deliveries are easing pressure on capacity and filling in gaps following a decade of underinvestment, says Höegh Autoliners chief...
  • Maersk e-methanol supplier among EU grant winners
    Maersk's e-methanol supplier European Energy and Dutch shortsea company Samskip are among the grant winners from the EU's Innovation Fund
  • Black Sea attacks threaten global food security, says UK prime minister
    Ukraine's grain corridor has helped to keep cereal prices 15% lower than last year - but if attacks continue, prices would...
  • Back to the future: food company orders sail-powered containership
    The French company exports wine to the US and imports chocolate and coffee from Central America and the Caribbean, all...
  • Belgium hopes emissions sensor will improve North Sea emissions
    The sensor has been designed by the Royal Belgian Institute for Space Aeronomy to monitor ships' emissions as they pass...
  • The week in bunkers: Singapore replaces Rotterdam as top biodiesel hub
    Singapore replaced Rotterdam as top biodiesel bunker hub despite Dutch subsidies, as regulatory certainty and falling prices boosted demand in...
  • Rerouting via Cape of Good Hope increases insurance risk, Gard warns
    Swell height and maximum wave height are both higher off South Africa than in the Arabian Sea
  • Cosco Shipping Ports gains long-sought access to Thailand's key Laem Chabang terminals
    Deals are giving CSP a presence in Southeast Asia, where booming trade and logistics demand are being fuelled by global...

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The Journal of Commerce web site
OCTOBER 24, 2024
  • Montreal dockworkers plan one-day port strike on Sunday
    The Port of Montreal's maritime employers warn that even a brief strike will add to shipper uncertainty over routing cargo through the port given other recent job actions taken by the union.
  • UP pins performance slip on communication gap over USWC cargo surge
    UP's CEO Jim Vena, during the railroad's Q3 earnings call, appeared to take a shot at ocean carriers for not informing landside stakeholders sooner about the heavy volumes that landed along the West Coast in recent months.
  • BC longshore foremen bargained in bad faith: Canada labor board
    The ruling from the Canada Industrial Relations Board said union longshore foremen moved too late in raising the issue of automation's impact on jobs at the Port of Vancouver.
  • Hapag-Lloyd raises full-year forecast on 'stronger than expected' Q3
    The first signs of solid third-quarter performances are being reported by ocean carriers, and with greater visibility over the rest of the year they are ramping up their profitability expectations.
  • US port automation holds promise, but hardly a sure shot
    A report from the US Governmental Accountability Office shows the possible -- but narrow -- path for adoption of automation at US ports as maritime employers and longshore labor along the East and Gulf coasts attempt to hammer out a new master contract.

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TradeWinds web site
OCTOBER 24, 2024
  • 'Impasse': Montreal dockworkers poised to strike again as negotiations break down
    Employers at Eastern Canada's busiest port say labour uncertainty is hurting its reputation
  • BlackRock lifts stakes in two energy shipping stocks despite GasLog exit
    Larry Fink-led investment giant adds shares in Teekay Tankers and Golar LNG
  • Crude exports rise at Saudi VLCC port on Red Sea as pipeline volumes dodge Houthi treat
    Hormuz alternative provides a way to avoid Bab el Mandeb Strait
  • Performance Shipping secures sale-and-leaseback of second tanker newbuilding
    Deal with an Asian firm helps the shipowner fund its orderbook
  • Former Chevron Shipping chief clocks on as Dorian LPG director
    Connecticut owner expands board to eight with appointment
  • Houthis or harsh weather? Insurance claims spike after ships rerouted to avoid Red Sea danger zone
    Norway's Gard says container ships and car carriers at risk from Cape of Good Hope disruption
  • New Fortress Energy appoints Andrew Dete as its first president
    Economist and former Goldman Sachs VP steps up at US LNG player
  • Shipowners shoulder higher premiums as insurance renewal round kicks off
    Steamship Mutual announces general increase for 2025 alongside big return of funds to members
  • Pioneering pool reaches 200 ships as Van Weelde bulker fleet opts in
    Finnish sustainability start-up expanding rapidly as deadline approaches
  • Planes, trains and wealth management: How a top banker remains active when shipping deals run dry
    Streetwise newsletter catches up with a shipping dealmaker amid a dearth of deals
  • Boost for tankers as South Sudan restarts crude exports disrupted by civil war
    Dar crude pipeline back in action after long outage
  • Russian attacks on Ukraine could hinder dry bulk market
    If safety is not improved, 1% of global dry bulk exports could be impacted
  • Dorian LPG holds dividend firm as top line heads towards two-year low
    US-listed owner was affected by a slump in VLGC rates in the last quarter
  • BlackRock sells major stake in GasLog as Singapore's GIC fund steps in
    Deal comes after months of speculation about the investor seeking to divest its interest in the Livanos and Onassis-backed firm
  • Hapag-Lloyd hikes 2024 profit forecasts as Red Sea crisis fuels bottom line growth
    German carrier raises earnings forecast after stronger demand and improved rates
  • They're in: Clarksons crowns the winners of dry cargo Dragon's Den day
    Teams of brokers competed to impress judges during dry cargo diploma session in London
  • TS Lines files $145m Hong Kong IPO to raise cash for newbuilding orderbook
    Liner operator launches flotation to help fund 7,000-teu newbuildings and charters
  • Oldendorff linked to $50m double sale as bulker asset values slide extends
    German giant reportedly finds new buyers for ships it failed to offload in June
  • Fire-hit shadow fleet VLCC returns to China for first time since collision with Hafnia ship
    Collision near Singapore Strait raised concerns over regulation of vessels hauling sanctioned cargoes
  • Trafigura buys into Meroil tank storage venture after Lukoil exit
    Trader takes 50% stake in Barcelona business from Spanish oil company
  • Wine and chocolate firm ordering third cargo sailing ship for Atlantic trade
    Grain de Sail plans to launch 200-teu vessel in 2027
  • Over 100 LNG newbuildings set to be fitted with MAN's now culled ME-GA engine
    Designer says it will honour all service contracts and 'work on updates to resolve any potential technical issues'
  • Maritime growth boosts Kongsberg profit as newbuilding orders surge
    Kongsberg Maritime increased revenue by 30% in third quarter
  • Are Somali pirates on the prowl again? EU navy checks suspicious moves in Indian Ocean
    Operation Atalanta urges vessels in the region to 'proceed with caution'
  • Hoegh Autoliners opens the door to chartering vessels in strategy about-face
    With car carrier capacity tough to come by, Oslo outfit might look to charter market
  • How $1.6bn Danske Bank fund is placing bets now a rising tide no longer lifts all shipping stocks
    Fund bets on BW LPG, Cadeler, Hafnia and Wallenius Wilhelmsen
  • AG&P LNG agrees to buy Australian terminal developer Venice Energy
    Expansionist-minded company outlines new FSRU-based plan for stalled project
  • Tanker owner Altera wins $243m grant for Europe's first large carbon shipping and storage project
    Company plans to order three large CO2 carriers
  • Hoegh Autoliners lines up $245m dividend as profit races and CFO shifts post
    Chief financial officer also departs for greater role in Manila
  • China's top wheel maker Xingmin ITS breaks into shipbuilding
    Shenzhen-listed company has acquired a 30% stake in Yangfan's Zhejiang East Coast Shipbuilding
  • Swedish lender SEB's shipping loan book drops in third quarter
    Net profit remains stable and CEO Johan Torgeby hails 'robust result'
  • Taxes, topknots and Nobu Su: Nine observations from 'shipping's Davos'
    Change is on the agenda as the key drivers of shipping today - disruption, complexity and the green transition - came under close scrutiny at the Global Maritime Forum's annual summit in Tokyo
  • Pareto Bank's shipping loan book increases with offshore as it sees flat lending in fourth quarter
    Norwegian lender expects weaker oil price to affect subsea space
  • China sending out bearish signals on LNG demand, Poten says
    Broker and consultant notes that freight rates have been falling sharply despite canals constraints
  • Pacific International Lines poised to spend over $700m on a series of new container ships
    PIL is said to have inked a letter of intent with Hudong-Zhonghua for five LNG dual-fuelled vessels
  • Oceaneering suffers offshore vessel repair costs and downtime amid profit gains
    Engineering firm's offshore project group sees operating income and revenue pull back
  • US tanker stocks are hammered, but they're not alone on a trading day to forget
    Other shipping shares also lose ground in broader market sell-off on interest rate concerns

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American Shipper web site
OCTOBER 24, 2024
  • UPS forecasts softer peak shipping season
    UPS's financial performance bounced back in the third quarter, but it flagged macroeconomic weakness and in-store shopping as potential headwinds for fourth-quarter volumes.

››› File
FROM THE HOME PAGE
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
Istanbul/Marseille
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
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
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
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
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
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
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
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
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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