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30 July 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
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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