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05 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.

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FROM THE HOME PAGE
Terminal Intermodale Venezia, concession contract renewed
Terminal Intermodale Venezia, concession contract renewed
Venice
The duration of the agreement is 25 years. Investments of over 100 million euros are expected
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
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
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
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
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
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
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 years
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 public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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