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March 28, 2024

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Exim India web site
MARCH 28, 2024
  • Baltimore port closure seen likely disrupting supply chains
  • India's engineering exports boosted by FTAs
  • Lines' USD 1.44bn EBIT loss (so far) in 2023-Q4
  • VPA signs MoU with ICTPL to revamp WQ-6 Terminal
  • Red Sea crisis seen impacting trade volumes in 2024
  • YOU ASK.. WE ANSWER...

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International Transport Journal web site
MARCH 28, 2024
  • A milestone for rail traffic in Gothenburg
  • Dachser to host webinar on alternative fuels
  • SingPost sets strategy
  • Cargo-Partner wins EcoVadis bronze medal
  • Lithuania and Ukraine strengthen logistics ties
  • Collaboration to explore CNSL-based biofuel
  • A 'Global Control Centre' for IAI
  • Cargo iQ: new director, new programme
  • A combined logistics tech solution
  • Traffic declines but investments continue
  • Network augments services in Northern Ireland
  • Poste Air Cargo renews its trust
  • Ship/rail links for paper and agricultural goods
  • "Curiosity of the Day"
  • Nippon certified for Taiwan operations
  • Supplies for Haiti's children looted
  • DHL picks head of Apac innovation centre
  • Cargospot showcases its APIs to drive innovation

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The Loadstar web site
MARCH 27, 2024
  • THEA's ONE and Yang Ming set on contrasting courses for growth
  • Mega M&A not on the menu for 'One UPS' - but it has a plan
  • Shippers face hike in German rail freight costs as state subsidy is cut
  • SGL eyes 'big' M&A deals, and declares itself the 'acquirer of choice'
  • Suitors move up to starting line for race for Asiana air cargo arm
  • Kerry sees mixed-modal opportunities from ocean disruption
  • The Loadstar Explains: M/V Dali destroys Francis Scott Key Bridge

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Marine Log web site
MARCH 27, 2024
  • VIDEO: White House briefing on Baltimore bridge response
    "It's my intention that the federal government will pay for the entire cost of reconstructing that bridge and I expect the Congress to support my effort," President Biden pledged yeserday as he
  • Corps supporting recovery operations following Baltimore bridge collapse
    The Baltimore Engineer District activated its Emergency Operations Center March 26, clearing the way for more than 1,100 engineering, construction, contracting and operations specialists to provide support to local, state and federal
  • Baltimore bridge disaster could have a $10 million impact on Carnival Corporation earnings
    Cruise giant Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) followed yesterday's announcement of its second newbuild order this year by reporting record first quarter earnings and all time high bookings. Still,
  • Sunrise Wind passes two new milestones
    Yesterday the Sunrise Wind project received its Record of Decision (ROD) from the Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process. The ROD formally

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Container News web site
MARCH 27, 2024
  • APM Terminals Moín handles over 6 million TEUs in five years of operation
    In just over five years since the launch of its operations in 2018, APM Terminals Moín (TCM) has handled over 6 million TEUs. Throughout this period, container volumes have shown growth, increasing from 1 million TEUs in 2019 to 1.3 million TEUs in 2023. Moreover, the average monthly number of vessels calling at the terminal has risen from 12 in 2018 to over 89 in 2023, marking a threefold increa
  • Port Houston appoints new Commissioner
    On 22 March 2024, Houston Mayor John Whitmire administered the oath of office to Thomas Jones, Jr., to serve a two-year term as a Port Commissioner of the Port of Houston Authority. Commissioner Jones will attend his first Port Commission meeting in this capacity on 26 March. "Port Houston is the busiest waterway in the nation, and I am confident that my new appointment will improve City and Port
  • Maersk renews seasonal South Africa - Europe service
    Maersk has decided to renew its seasonal inland and ocean offering from the Eastern Cape load port of Gqeberha in South Africa to North and South Europe. The Danish ocean carrier said that with a network of seven vessels each with approximately 450 plugs, it will offer weekly coverage starting in May 2024. Maersk's "Fruit Bridge" Service will connect exports from Gqeberha to various destinations
  • ZAL project of Port of Valencia underway
    The Port Authority of Valencia (PAV) has announced the launch of the ZAL project (Logistics Activities Zone) of the Port of Valencia. The Board of Directors of Valencia Intermodal and Logistics Platform (VPI-Logistica) decided to initiate all the necessary procedures to activate the project. The Board of Directors of VPI-Logística, chaired by the president of the PAV, also incorporates the new di
  • ONE upgrades online booking process
    Singapore-headquartered container carrier Ocean Network Express (ONE) has announced the launch of "enhanced booking process" through ONE QUICK Booking. "This enhancement will make your booking experience smoother, quicker, and more personalized," said the company in a statement. Through Pattern Booking, ONE's clients will be able to check their top six frequently used routes and booking details a
  • Hope for Baltimore bridge survivors vanishes
    Any hope of rescuing victims following the collapse of Baltimore's Francis Scott Key bridge has evaporated according to the US Coast Guard, which called off the search after dark yesterday. According to US emergency services, there were eight maintenance staff repairing the potholes in the road when the Maersk-operated, 10,000 TEU Dali crashed into the bridge, which immediately collapsed. Two wor
  • Port of Melbourne reports container growth in February
    In February, the total container throughput at the Port of Melbourne increased compared to the same month in 2023, reaching a total of 262,250 TEUs. The Australian port's full container imports (excluding Bass Strait) saw an increase in volumes in February, with furniture, machinery, domestic appliances, and paperboard all surpassing last year's levels. Similarly, full container exports (excludin
  • Box lines' stock prices fade as Red Sea crisis windfall slows
    Stock prices of listed liner operators, which rose at the height of the Red Sea crisis, have corrected in tandem with freight rates, according to Alphaliner's report. Maersk and Hapag-Lloyd, which will form Gemini Cooperation in February 2025, have seen their stock prices falling as their forecasts for 2024 are the lowest among listed box lines. At the start of this week, only Evergreen Marine Co
  • The accident history of ship that crashed into Baltimore bridge
    The 10,000 TEU container vessel Dali that hit Francis Scott Key Bridge in Baltimore has been involved in another shipping accident back in 2016. In particular, the boxship smashed into a quay at the port of Antwerp in Belgium on 11 July 2016, as it was exiting the North Sea container terminal. Maersk to omit Baltimore calls as Singapore authority reveals ship "lost propulsion" before incident The
  • Georgia Ports Authority approves US$65.6 million investment in Ocean Terminal
    The Georgia Ports Authority (GPA) has authorised contracts totalling US$65.6 million for container yard enhancements at the Port of Savannah's Ocean Terminal, an 810,000 m² facility situated just downriver from GPA's primary container port. "We're very pleased with the progress on improving Ocean Terminal's container handling capability. We're on track to see greater container capacity by late 20
  • Verbex Group Review: Get an Astounding Trading Experience with Verbex Group [verbexg.com]
    Trading in the Forex market is not an easy task. You have to keep up with the ups and downs of the market and also have to keep your position steady. You also should be able to accurately analyse the Forex market situation and identify the trading opportunities. If you can handle all these aspects at once and also keep your emotions in check, you will definitely be a successful trader. You may as
  • Skyion Group Review: Earning Becomes Easy with Skyion Group [skyiong.com]
    Acquiring new trade capacities keeps you educated and sure. It empowers consistent improvement and progress as a purchaser. Skyion Group recognizes that changing different abilities to trade is basic for upgrading, adaptability, creating expected entryways, and predictable improvement. It outfits you with the data and instruments expected really to analyze the complexities of the financial busine
  • Hiab secures US$5.4 million order for offshore wind turbine loader cranes
    Hiab, a division of Cargotec, has secured a significant US$5.4 million order for loader cranes which will be used in offshore wind turbines. The machines are scheduled to be delivered during the current year. The specific crane model ordered is the HIAB SWP, meticulously tailored for servicing operations in offshore wind turbine installations. Installed in the nacelle, which houses the turbine's
  • Bunker indices on an upward trend
    During the twelfth week of the year, the Marine Bunker Exchange (MABUX) global bunker indices experienced a consistent upward trajectory. The 380 HSFO index climbed by US$11.49 to US$547.67/MT. Similarly, the VLSFO index saw a gain of US$15.95, reaching US$693.06/MT, nearing the US$700 threshold. Additionally, the MGO index surged by US$18.91 to US$914.15/MT, surpassing the US$900 mark. "At the t
  • KEZAD Group and Green Metal Industries partner for US$100 million steel recycling facility
    KEZAD Group, the major operator of integrated and purpose-built economic zones in Abu Dhabi, has partnered with UAE-based Green Metal Industries to establish a state-of-the-art special steel recycling and production facility within KEZAD. This agreement involves a substantial investment of US$100 million. The facility will employ advanced recycling technologies, including a melt shop, refining fa

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Splash web site
MARCH 27, 2024
  • Sinokor takes Euronav VLCCs
    South Korea's Sinokor Merchant Marine is staying active in the secondhand market with another play in the VLCC sector. The South Korean shipowner has been named as the buyer of three ships that Belgian tanker giant Euronav announced as sold last week. Brokers are reporting a deal for an en bloc purchase of the 2008-built ...
  • UECC developing cashew nutshell liquid-based biofuel for maritime use
    In collaboration with Lloyd's Register Fuel Oil Bunker Analysis Advisory Service, Wartsila, and biofuel supplier ACT, United European Car Carriers (UECC) has been assessing and evaluating a cashew nutshell liquid (CNSL)-based biofuel. As part of this partnership, ACT created a CNSL-based biofuel known as FSI.100. Following testing on various blend combinations the biofuel received approval ...
  • Stena Drilling to upgrade Stena Evolution ultra-deepwater drillship
    Stena Drilling, a subsidiary of Sweden's Stena, has announced it would be upgrading its 7th generation drillship to enable drilling and completing wells requiring 20,000 psi pressure controls. The drillship is already equipped to handle a wide range of drilling operations, including exploration, development, and production activities in offshore oil and gas fields worldwide. The ...
  • Union Maritime in for more Wuhu tankers
    UK shipowner Union Maritime has increased its tanker orderbook with six newbuilds contracted at China's Wuhu Shipyard. The Laurent Cadji-led outfit has signed up for four more 18,500 dwt chemical tankers and a pair of 49,000 dwt MR2 vessels, worth about $210m in total. Founded in 2006, the London-based company lists a diversified fleet of ...
  • Dynacom boosts suezmax orderbook at New Times
    George Procopiou has returned to New Times Shipbuilding in China for a series of suezmax newbuilds. Procopiou's Dynacom Tankers has booked eight 158,000 dwt ships at one of its most trusted yards, where it also has LR1s and VLCCs under construction. The Athens-based company, with over 60 tankers under management and a massive newbuilding orderbook ...
  • McDermott bags offshore contract in Malaysia
    Houston-based offshore contractor McDermott has struck a deal with PTTEP Sabah Oil for offshore transportation, installation and commissioning work at the Kikeh subsea gas lift project, offshore Sabah in East Malaysia. The contract worth up to $50m covers removal of the existing flexible gas lift riser and installation and commissioning of a new dynamic riser ...
  • Ocean Installer awarded more work by Equinor
    Marine construction contractor Ocean Installer has secured more work with Equinor in the Norwegian Sea. The new contract covers the so-called subsea lines modification (SLM) project on the Åsgard A production vessel, adding to previously secured projects in 2023 on Vigdis, Visund, Åsgard C and the Northern Lights CO2 pipeline. The scope of work involves ...
  • US reveals further sanctions on tankers linked to Iranian oil trade
    The US has slapped sanctions on two more tankers and related players for their involvement in shipments of Iranian commodities to fund the activities of Iran's Quds Force, the Houthis, and Lebanon's Hezbollah. The Department of Treasury has blacklisted the Panama-flagged suezmax tanker Dawn II and its Liberia-based owner Hassaleh International as well as the ...
  • Blue Water awarded logistics contract by Yinson Production for Angola-bound FPSO
    Danish logistics provider Blue Water Shipping has sealed a deal with Singapore-based floater specialist Yinson Production for the transportation of topside modules for the Agogo floating storage, production and offloading vessel. The AGOGO FPSO will be operated by Yinson Production in the West Hub field of Block 15/06 offshore Angola for Azule Energy, a joint ...
  • Dali crew hailed as 'heroes' as details emerge of deadly Baltimore bridge smash
    The president of the United States yesterday hailed the rapid actions of those onboard the ill-fated Dali containership in the moments before it slammed into a bridge in Baltimore, saying they had saved many lives. Six people carrying out road repair on the Francis Scott Key Bridge are presumed to have died when they fell ...
  • Final ruling in long battle over the will of Evergreen founder
    The will of Chang Yung-Fa, the founder of the Taiwanese global liner Evergreen, to leave all his deposits, stocks, and real estate to his second son Chang Kuo-Wei has been upheld in court. After Chang died in January 2016, a will emerged in which he left most of his NT$14 billion ($437m) fortune to his ...
  • Cadeler pens deal for Wind Scylla installation vessel
    Denmark-based offshore wind installation player Cadeler has won a contract for the wind farm installation vessel Wind Scylla with an undisclosed client. BW Group and Scorpio-backed company said that the contract had a value between $75m and $150m, including both the firm period and potential options. The installation work is set to begin in 2025. ...
  • "Oslash;rsted, Eversource take FID on Sunrise Wind following US green light
    Partners in the 924 MW Sunrise Wind project have taken a final investment decision (FID) in the project after the US Department of Interior gave it the all-clear. After the US Department of Interior's Bureau of Ocean Energy Management (BOEM) gave the project a record of decision "Oslash;rsted and Eversource announced they have jointly taken ...
  • New shipbuilding risk cover launched at Lloyd's
    A new shipbuilding risk cover has been launched at Lloyd's of London. The Builders' Risk Consortium has been formed by Apollo in partnership with Munich Re and Tokio Marine HCC International. The new consortium offers brokers lead line capacity up to $75m on each vessel. "The need for lead capacity in London comes as the ...
  • Pacific Basin readies new propeller coating across its giant fleet
    Hong Kong dry bulk giant Pacific Basin has decided to apply a sustainable graphene-based propeller coating, XGIT-PROP, across its entire fleet. The biocide-free hard foul release coating, developed by Canadian company GIT Coatings, has demonstrated the potential to enhance vessel performance by up to 4%, the two companies stated in a release citing data from ...
  • Gazprom takes over former Shell Sakhalin-2 stake for $1bn
    Russian state-controlled energy giant Gazprom has bought a 27.5% stake in LNG producer Sakhalin Energy, previously held by Shell, for 94.8bn roubles ($1.02bn). The ex-Shell stake in Sakhalin Energy will be sold to a company named Sakhalin Project, fully owned by Gazprom. Before this acquisition, Gazprom owned 50% of Sakhalin Energy while the two other ...
  • Prices for private maritime security guards shoot up
    Prices for private maritime security guards onboard have shot up this year, new analysis from sister title Splash Extra shows. With the Red Sea disruption created by the Houthis latterly combining with resurgent pirate attacks off Somalia, demand for armed guards has leapt in 2024, and with it prices have shot up with three-day transits ...
  • The unsung hero of shipping decarbonisation: the MARPOL Convention
    Aoife O'Leary, the CEO and founder of Opportunity Green, writes for Splash today on one of the key takeaways from last week's environmental discussions in London. The International Maritime Organization has been debating how to reduce emissions from international shipping for decades now. But in last week's discussions at the 81st Marine Environment Protection Committee (MEPC ...
  • Costs for armed guards onboard rocket
    Amid a tight supply and demand situation, prices for private maritime security guards onboard have shot up dramatically this year, rekindling the era of Somalian piracy more than a decade ago. The disruption brought about by the Houthis' campaign to target more than 70 merchant ships over the past five months has seen traffic slump ...
  • Reining in black swans
    Are we, the media, guilty of using the term black swan a tad too much? One encyclopaedia describes a black swan event as "unexpected and therefore difficult to prepare for but often rationalised with the benefit of hindsight as having been unavoidable". A quick check of the Splash archives and I'm relieved to see we ...
  • March 2024 Review
    The Red Sea shipping crisis entered a dark new chapter with the first seafarer deaths. The Houthis fired a missile on March 6 at the True Confidence, a 13-year-old, 50,448 dwt bulk carrier. The missile struck near the stern of the vessel. Three crew - a Vietnamese and two Filipinos - died, and two more ...
  • March's tanker rollercoaster
    Oil prices continued to rise in February and March with WTI increasing from $76.49 on February 23 to $80.63 on March 22. Over the same period, the OPEC basket price increased from $82.23 to $85.56. Traders pointed to OPEC+ continuing its production cap, to improving economic conditions in China, and to rising geopolitical tension, particularly ...
  • A sense of euphoria sweeps through dry bulk
    Having spent the National Party Congress talking up the prospects of artificial intelligence and the digital economy, China's government returned to form afterward and opened the credit spigots as wide as possible, flooding the property and industrial sectors with cheap cash and driving economic activity. Industrial production rose 7% in January and February, the fastest ...
  • Container shipping adjusts to new reality
    After US containerised imports were up 9% in January, they rose 6% in February to 2.14m teu, a higher number than most pundits expected. This points to continuing anti-gravitational energy in the US economy. Reflecting the recovery from the pandemic, the year-on-year growth in February's imports was 23%, though the quantum remains below the best ...
  • Analyst Abstract
    Tankers Without recycling, the 20+-year-old segment of the VLCC fleet will grow from 97 to 154 ships by the end of next year, according to new analysis from Braemar. Over the same period, the old suezmax fleet will grow from 76 ships to 120 ships. The old afra/LR2 fleet will grow from 152 ships to ...
  • Dry bulk prices lead the charge
    Soaring prices for dry bulk ships have grabbed the most headlines in the S&P scene this month. Brokers argue that what we are witnessing is not a spike and that the coming weeks will see pricing to support the new levels, but in a calmer, more orderly fashion than has been evidenced in March. Due ...
  • Just how much would you pay to buy the Ever Given?
    Ship valuations are a source of huge divergence and frustration for many. While submitting a car owned by one of our editorial team for a valuation on multiple sites yields a variance of 12.9%, a simple exercise carried out Splash Extra - seeking the price of one famous ship - showed a near doubling - ...
  • The Baltic Exchange on the financial impact of rerouting disruptions
    "Successful investment in shipping is all about timing," says Mark Jackson, the CEO of the Baltic Exchange, while discussing how secondhand ship prices have leapt over the past six months. Ongoing challenges in the Red Sea and the Panama Canal are causing dry bulk and tanker vessels to reroute, leaving shipping companies with several tough ...

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Lloyd's List web site
MARCH 27, 2024
  • Port worker reports 'severe electrical problem' aboard Dali prior to Baltimore incident
    The 9,900 teu containership Dali which lost propulsion ahead of striking the Francis Scott Key Bridge was experiencing severe electrical...
  • LR2 spot rates face 'first real test' after Houthi-driven surge
    Product tanker rates have outperformed in 2024, with Red Sea disruptions playing a major role. It's too early to tell...
  • Vehicle carriers divert from Baltimore with most ro-ro terminals cut off
    Wallenius Wilhelmsen's Carmen remains marooned at the Mid-Atlantic Terminal north of the Francis Scott Key Bridge. Meanwhile, a VW-operated vehicle carrier...
  • Marine insurers face billion-dollar payout on Baltimore bridge collapse
    Exposure on physical damage, loss of life and personal injury, cargo and delay claims could nudge total bill towards ten-figure...
  • TEN posts new record profit as tanker earnings stay strong
    Greece-based owner doubles semi-annual payout to shareholders
  • ONE's ambitions throw down gauntlet
    Ocean Network Express wants to play in container shipping's premier league. But that raises questions over who faces relegation
  • Carnival signs order for 11th Excel-class newbuilding
    With the cruise sector having fully recovered from pandemic lockdowns Carnival Corporation, the world's largest operator of cruiseships, has confirmed...
  • Carriers begin to reroute following Baltimore bridge collapse
    Neighbouring ports should be able to easily take vessels that can no longer call at Baltimore. But some delays to...
  • Six presumed dead as US Coast Guard suspends Baltimore search
    US Coast Guard said the search was moving to 'a different phase' as the time elapsed meant the six missing...
  • Daily Briefing
    Six still missing after Baltimore bridge collapse | Vessels divert following Baltimore bridge collapse | P&I clubs face huge bill...

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The Journal of Commerce web site
MARCH 27, 2024
  • Northeast ports prepare for Baltimore-bound freight as shippers scramble
    Some of the 18 container ships that were due to arrive at the now-closed Port of Baltimore over the next couple of weeks are now scheduled for new calls at New Jersey, Norfolk and Philadelphia.
  • Trucking squeezed, but not crushed, by Baltimore port closure
    Freight diversions to more distant ports will raise trucking costs for US importers and shippers, but excess truckload capacity is expected to dilute the disruption.
  • US judge throws out Yellow's $137 million lawsuit against Teamsters
    The bankrupt LTL provider failed to exhaust grievance procedures in its own contract as it battled the Teamsters over restructuring plans, a US District Court ruled.
  • Downward shift in India-Europe spot rates continues amid capacity glut
    Still, forwarders generally believe that while prices have room to fall further, it's unlikely the market will return to the end-2023 pre-crisis pricing trendline so long as the uncertain security situation in the Red Sea persists.
  • Maersk integrator strategy under growing scrutiny amid DB Schenker interest
    Maersk has been a lone exception to the truism that customer demands for neutrality inevitably lead carrier-owned forwarders to be structurally independent.

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TradeWinds web site
MARCH 27, 2024
  • Port worker: Dali had power issues for two days prior to ill-fated departure
    Vessel is aground with fulll load of fuel oil and some hazmats, but no sign of hull damage
  • Capesize rates take another big knock as momentum slows, but tonnage lists are falling
    Average capesize spot rates have fallen by around 35% since mid-March
  • Ukrainian seafarer found hanged on ship struck by Houthi missile
    It is unclear if apparent suicide is linked to missile hit in the Red Sea two months ago
  • Tsakos Energy Navigation confirms shuttle tanker order as it posts record annual profit
    Greek tanker owner, however, saw impairment charges slow down its fourth-quarter profit
  • 'Huge' Baltimore crash claims will write a new history for insurance sector
    Expert Patrizia Kern-Ferretti shares her thoughts on US tragedy with TradeWinds
  • Carnival narrows first-quarter loss amid record revenue
    As its post-Covid turnarounds continues, cruise major hails 'fantastic' start into the new year and raises guidance
  • Maersk hits back at accusations of 'profiteering' from carbon emission charges
    Carrier rebuffs green lobby claims that lines are charging more than the cost of carbon surcharges
  • One Baltimore port facility remains open despite bridge collapse
    A massive set of terminals and warehouses just west of the bridge is still operational
  • US sanctions biting payment processing for Russian oil
    Banks in the UAE, Turkey and China ratchet up compliance measures as Washington pours on pressure
  • Clarksons teams up with Norwegian owner Peak Group for North Sea agency business
    UK shipbroker agrees cooperation deal to boost logistics operations
  • VLGC giant BW LPG sees 'promising opportunities' in LPG shipping
    CEO says US dual listing will expand investor base
  • 'Thankfully rare': Ship collisions have collapsed 35 bridges over last 60 years
    Research tallies 342 deaths from incidents like the Baltimore disaster
  • Why investors are once again crowning John Fredriksen the tanker king after Frontline-Euronav battle royale
    Belgium's Saverys family may yet prevail in the green game, but today investors remain wary
  • Vafias spin-off C3is to slash share count as profit mounts
    Bulker and tanker owner goes for reverse stock split to deal with Nasdaq pricing woes
  • Baltimore bridge disaster: Insurers and lawyers leap into action after 'largest single incident in recent times'
    Sources tell TradeWinds thousands of interested parties will be looking for someone to sue
  • Singapore maritime regulator to help investigate Baltimore bridge disaster
    Investigators head to US as rescue mission transitions to recovery effort
  • Economou extends offer to buy Performance as first shareholders agree to sell
    Greek shipowner is stretching his takeover bid to June as court battles rumble on
  • Shipping to take key place in government-backed Athens ocean policy forum
    The aim is to bring shipping together with the global ocean community
  • Russia clears Sokol crude backlog as final sanctioned Sovcomflot tanker reaches China
    Aframax Sakhalin Island docked in Tianjin earlier on Wednesday
  • Odfjell CEO Harald Fotland made over $1m in best financial year ever
    Oslo-listed shipowner CEO says company is in a 'firm position'
  • Spain tracks Russian tanker and two assault ships through its waters
    Product carrier Kola was being escorted by warships, ministry of defence says
  • Six missing workers now presumed dead after Baltimore boxship bridge crash
    Search continues following catastrophic collapse on Tuesday
  • BW LPG boss Kristian Sorensen takes home $2.6m in top year for VLGC owners
    CEO says US dual listing will expand investor base
  • Pacific Basin to coat propellers of entire owned fleet with graphene
    Hong Kong shipowner expects significant reductions in environmental impact and operational expenses
  • Merger integration is 'something that never ends', Cadeler boss Gleerup says
    BW-backed WTIV giant's boss is not being complacent despite smooth tie-up with Scorpio's Eneti
  • Baltimore bridge-smash boxship previously involved in 2016 Antwerp collision
    Maersk-chartered Dali hit the side at Belgian port eight years ago
  • Carnival returns to Meyer Werft for second newbuilding in 2024
    Cruise giant says new order continues to balance its commitment to growth with responsible capital utilisation
  • Singapore's maritime regulator to assist with investigation into Baltimore bridge collision
    Singapore investigators head to Baltimore as rescue mission transition to recovery effort
  • Dubai player Gulf Energy Maritime linked to Scorpio product tanker pair
    Reported purchase of MR brace would mark GEM's first expansion in 12 years

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American Shipper web site
MARCH 27, 2024
  • Port of Baltimore's indefinite closure deals blow to city, state economy
    The Port of Baltimore's indefinite closure could cost the state of Maryland as much as $1 billion in total value of goods and services, analysts say.
  • UPS to close 200 sort centers in modernization push
    UPS told investors it is leaning into automation and robotics to increase parcel capacity, which in turn will allow the company to operate fewer physical facilities.
  • FedEx pilots pick third union chairman since last summer
    The FedEx pilots union has a new chairman who is more aligned with the majority of the Master Executive Council, which wants to press FedEx harder on a new contract.

››› File
FROM THE HOME PAGE
European Commission meeting to define the strategy for the development of EU ports and maritime industry
Brussels
Call for papers by July 28th
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Assarmatori asks for support for Italian seafarers employed on short-haul routes and for the renewal of ferry fleets
Rome
Messina: State Aid regime needs to be redesigned for European shipyards
In the first four months of 2025, maritime container traffic between Asia and Europe grew by +4.8%
Tokyo
-6.4% drop in shipments to Asian ports. +9.0% increase in unloading volumes in Europe
The impact on Italy of a possible closure of the maritime route through the Strait of Hormuz would be significant
Rome
The merchant fleet for energy products controlled by the Italian shipping industry interested in these traffics amounts to approximately 80 units.
Cargo traffic in China's seaports grew by +3.7% last month
Cargo traffic in China's seaports grew by +3.7% last month
Beijing
Containers amounted to 26.7 million TEU (+6.1%)
In 2024, 576 containers were lost at sea out of over 250 million transported by ships
Washington
About 200 have fallen from container ships in the Cape of Good Hope region
FMC questions deal exempting World Shipping Council companies from US antitrust rules
Washington
Meanwhile, Sola, appointed by Trump on January 20 to the presidency of the federal agency, is leaving his post today.
The European maritime-port sector nitpicks the reform of the Community customs rules
Brussels
Note from CLECAT, ECASBA, European Shipowners, ESPO, Feport and WSC
EU Council agrees on reform of the Union Customs Code
Brussels
CLECAT is concerned about the persistence of the concept of "Single Liable Person" in the text
In the first three months of 2025, freight traffic in the port of Civitavecchia grew by +2.4%
Civitavecchia
Increase of +9.9% in Gaeta and decrease of -17.1% in Fiumicino
Le Aziende informanoSponsored Article
Accelleron consolida le partnership con Somas e Geislinger per sostenere l'efficienza e la sostenibilità del settore marittimo
Japanese shipbuilding company Imabari Shipbuilding acquires control of fellow Japanese JMU
Imabari/Tokyo
Ownership share increased from 30% to 60%
WTO: New tariffs have given a boost to trade that is unlikely to last
Geneva
Recovery driven by importers who brought forward purchases in view of expected tariff increases
Terminal Investments Limited of the MSC Group acquires 50% of the capital of Barcelona Europe South Terminal
Barcelona
The transaction was authorized by the Port Authority of Barcelona
There are no implementing decrees for the SalvaMare law and Italian citizens are paying for the management of fished waste that is not carried out
Rome
The Marevivo Foundation and the Federation of the Sea report it
In five and a half years, 1,244 tons of drugs have been seized in EU ports
In five and a half years, 1,244 tons of drugs have been seized in EU ports
Lisbon
The largest quantities pass through ports in Belgium, Spain, Holland, Italy and Germany
The International Convention on Ship Recycling will enter into force tomorrow
Copenhagen
BIMCO urges EU to include Indian shipyards in EU list of ship recycling facilities
Assologistica presents the "Cruscotto" project to ensure transparency and legality in the logistics sector
Milan
Ruggerone: it is an infrastructure of trust between clients and operators
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Federagenti, cruises cannot and must not become the target of an indiscriminate hate campaign
Rome
A "Pact for the Sea" proposed with solutions to tackle overtourism for which passenger ships are not to blame
New step forward for the construction of the underground freight transport system in Switzerland
New step forward for the construction of the underground freight transport system in Switzerland
Bern
Cargo sous terrain plans to build a 500-kilometer system by mid-century
Carnival posts record earnings for March-May period
Carnival posts record earnings for March-May period
Miami
The number of cruise passengers embarked also peaked this quarter
Federlogistica, it is reckless to activate railway construction sites without a concerted plan
Genoa
Falteri: Isolating the port of Genoa from the railway network for three weeks means putting the whole of Northern Italy in difficulty
Multipurpose terminals privatized in eight Saudi ports
Multipurpose terminals privatized in eight Saudi ports
Riyadh
Four will be operated by Saudi Global Ports and four by Red Sea Gateway Terminal
Public debate launched on the project for Pier VIII in the port of Trieste
Public debate launched on the project for Pier VIII in the port of Trieste
Trieste
A total investment of 315.8 million euros is expected
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
South Korea's HD Hyundai partners with US Edison Chouest Offshore to build containerships in US
Seoul
The possibility of building other types of ships and constructing port cranes is foreseen
Rixi: with the Omnibus decree, Phase B of the new Genoa breakwater is guaranteed
Rome
Expenditure of 50 million euros authorised for 2026 and 92.8 million for 2027
Israel-Iran conflict prompts Maersk to suspend calls at Haifa port
Copenhagen
Those at the port of Ashdod will continue instead.
Northern European Nations Commitment to Counter Russian Shadow Fleet
Warsaw
If the vessels do not fly a valid flag in the Baltic Sea and the North Sea - they specify - we will take appropriate measures in compliance with international law.
Freight traffic in French ports stable in the first quarter of 2025
Freight traffic in French ports stable in the first quarter of 2025
The Defense
Containers and liquid bulk on the rise. Increase in unloading loads and decrease in loading loads
Cognolato (Assiterminal): Today more than ever we need a coherent port policy
Rome
All the critical issues highlighted in recent years still remain open - he highlighted.
Alessandro Pitto confirmed as president of Fedespedi
Milan
The Board of Directors, the Board of Arbiters and the Board of Auditors have been renewed
A protest action by Greek seafarers is heated, with the PENEN and PNO unions launching very serious accusations, including mutual ones
Piraeus
The strike, declared illegal by the courts, blocks some ships of the Attica group in the port of Patras
Saipem awarded contract for a phosphate mining project in Algeria that includes the upgrading of the port of Annaba
Milan
The construction of railway lines is also planned
Suez Canal celebrates return of large-capacity containership transits
Suez Canal celebrates return of large-capacity containership transits
Ismailia
Today it was crossed by the vessel "CMA CGM Osiris" which can carry 15,536 teu
IMO, ILO, ICS and ITF urge protection of seafarers' rights against unjust criminalisation
London
The "Guidelines on the Fair Treatment of Seafarers Detained in Relation to Alleged Offences" were adopted in April
Trump's new tariffs also hit container traffic at the Port of Long Beach
Long Beach
In the first five months of 2025, an increase of +17.2% was recorded
Transfer of the port of Carrara from the Ligurian to the Tuscan AdSP not without a discussion with the operators
Milan
Dario Perioli, FHP, Grendi and Tarros ask for it
Up to $768 billion in investments needed to adapt world ports to rising sea levels
New York
Port of Los Angeles Feels Impact of New Tariffs on Container Traffic
Los Angeles
A decrease of -4.8% was recorded in May
Assagenti proposes a task force to solve port, logistics and industrial problems
Genoa
A "problem solver" consultative body composed, in addition to the categories of the maritime cluster, of the manufacturing industries of the North-West quadrant
Cargo traffic at the port of Singapore fell by -4.6% in May
Singapore
New crane overturned for delivery in new Tuas port area
In the first quarter of 2025, freight traffic on the Swiss rail network fell by -6.4%
Neuchatel
Service performance at 2.35 billion tonne-km, down -8.2%
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
ANGOPI fears that new measures to ensure maritime continuity will penalise mooring services
Ischia
Power: it is necessary to remove them from a perverse mechanism
Dutch HES International to operate bulk terminal in Marseille-Fos port
Marseille
The concession contract will have a minimum duration of 30 years
Ibiza government opposes Trasmed's overnight stay on board ferry program
Ibiza/Valencia
It is considered a "clandestine hotel", while the company defines it as a cruise service
Bruno Pisano appointed extraordinary commissioner of the AdSP of the Eastern Ligurian Sea
Rome
He will take up his post next Monday
Federlogistica proposes a comparison between operators on the congestion fee while waiting for a solution from the government
Genoa
In the first five months of 2025, container traffic in the port of Gioia Tauro grew by +10.3%
Joy Taurus
1,813,071 TEUs were handled
Trasportounito, truck waiting times in ports must be paid
Genoa
Tagnochetti: The Port Fee aims to redistribute the costs of all disruptions more equitably
Commissioners of the AdSPs of the Northern Tyrrhenian, Ionian and Western Liguria appointed
Rome/Genoa
Trade unions concerned about the future of Genoa Port Terminal workers
Political instability and green transition are the main problems that shipping faces
London
This is highlighted in the "ICS Maritime Barometer Report 2024-2025"
The new container terminal of the port of Termini Imerese presented
Palermo
Transfer of traffic handled by Portitalia to the port of Palermo
GCMD survey confirms shipping's commitment to decarbonisation
Singapore
Ports concerned about lack of certainty about demand from shipping companies
The EU Commission has re-identified Port Said East and Tanger Med as neighbouring container transhipment ports
Brussels
Road haulage extends congestion fee application to Livorno port
Livorno/Rome/Milan/Genoa
Fedespedi, they do not solve the problems, but have the only effect of increasing costs
The new Border Control Post has been inaugurated in the port of Livorno
Leghorn
The structure cost 15 million euros
The transfer of 80% of Louis-Dreyfus Armateurs' capital to InfraVia has been implemented
Suresnes/Paris
The Louis-Dreyfus family retains the remaining 20%
Port of Genoa, green light for extension of concession to Spinelli until September 30
Genoa
Ok also to the extension to the Campostano group
The National Maritime Fund has started the recognition of scholarships
Genoa
They are granted for basic training and security familiarization courses.
RFI and MIT sign the update to the program contract for approximately 2.1 billion
Rome
Around 500 million euros expected for the management of the railway network
San Giorgio del Porto delivers a vessel for the bunkering of liquefied natural gas
Genoa
It was built for Genova Trasporti Marittimi
Pisano (AdSP Liguria Orientale): the ports of La Spezia and Carrara have integrated almost perfectly
La Spezia/Bari
Extraordinary Commissioner of the Southern Adriatic Sea Port Authority appointed
Raffaele Latrofa appointed president of the AdSP of the Central-Northern Tyrrhenian Sea
Rome
He is the deputy mayor of Pisa
India's Mazagon Dock Shipbuilders Acquires Control of Sri Lanka's Colombo Dockyard
Mumbai
Investment of approximately 53 million dollars
The Commissioner of the Western Ligurian Sea Port Authority has been granted the powers and prerogatives of the Management Committee
Genoa
The measure pending the restoration of the ordinary top management bodies
The Three-Year Operational Plan 2025-2027 of the Central Adriatic Port Authority has been approved
Ancona
Favorable opinion of the Sea Resource Partnership Body
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
It will deal with the physical transformations of the container and the digitalization of processes
Andrea Ormesani is the new president of Assosped Venezia
Venice
The board of directors has been renewed. Paolo Salvaro remains general secretary
Witte (ISU): In 2024, the ship salvage sector stabilized from the low of two years ago
London
Finnish Elomatic to Install Tunnel Thrusters on 11 Carnival Cruise Ships
Turku
The works will begin next autumn and will end in 2028
The Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
Fincantieri has delivered the new cruise ship Viking Vesta to the American Viking
Trieste/Los Angeles
It was built in the Ancona shipyard
The Genoa Coast Guard has placed the container ship PL Germany under administrative detention
Genoa
Italian Navy orders two new Multipurpose Combat Ships from Fincantieri
Trieste
The order to the shipbuilding company is worth 700 million euros
MSC Group to manage cruise services in the ports of Bari and Brindisi
Bari
Ten-year concession with possibility of extension
German Kombiverkehr Returns to Profit in 2024
Frankfurt am Main
The level of revenues remained unchanged at 434.6 million euros.
Deltamarin to design the six new ro-pax vessels ordered by Grimaldi for the Mediterranean routes
Turku
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
The practice of subcontracting in European logistics is creating a parallel labour market where rights are not enforced
Brussels
"Sorry, We Subcontracted You" Report Presented
Tomorrow Grendi will launch the group's fourth ship on routes to and from Sardinia
Milan
"Grendi Star", with a load capacity of 2,800 linear meters, will connect Marina di Carrara and Cagliari
FREMM frigates operational support contract signed between Orizzonte Sistemi Navali and OCCAR
Taranto
The agreement has a total value of approximately 764 million euros
Call to reform the entire driver training system in the transport sector
Rome
Seven proposals presented
In the port of Gioia Tauro, the Guardia di Finanza soldiers seized 228 kilos of cocaine
Reggio Calabria
Two dockers arrested
Port of Livorno, new observatory to find solutions to the problem of port congestion
Leghorn
Marilli: We will seek solutions to reach the possible revocation of the port fee
Lockton PL Ferrari closed the last fiscal year with gross revenues of 34 million dollars
Genoa
Insurance premium volume rose to 350 million
Polish Trans Polonia Group acquires Dutch Nijman/Zeetank Holding
Tczew
It specializes in the transportation and logistics of liquid and gaseous products
d'Amico Tankers Sells Two 2011-Built Tankers for $36.2 Million
Luxembourg
They will be delivered to buyers by the end of July and on December 21st.
The Italian Merchant Marine Academy plans 13 new free courses
Genoa
Over 300 positions available
A delegation of Wista Italy visits the ports of Catania and Augusta
Catania/August
The association is made up of women who hold positions of responsibility in the maritime, logistics and trade sectors.
In the first five months of 2025, the port of Algeciras handled 1.9 million containers (-6.3%)
Algeciras
Empty containers decreased by -5.5% and full ones by -6.4%
Reway Group enters the port railway infrastructure maintenance sector
Licciana Nardi
Two contracts awarded by the AdSP of the Eastern Ligurian Sea
Delcomar and Ensamar take over maritime services with the smaller Sardinian islands
Cagliari
The tender for the six-year concession of the connections has been awarded
Port of Trieste, the newly appointed Gurrieri torpedoes the newly appointed Torbianelli
Trieste
Russo (Pd): it's a squalid power game
Singapore's SeaLead expands its maritime shipping offering to connect Turkey and Italy
Singapore
Route connected to services transiting the Suez Canal
The US Container Security Initiative program has been extended to Morocco
Rabat
Amrani: Let's consolidate Tanger Med's role as a safe and world-class maritime hub
Very positive first quarter for Greek Euroseas
Athens
Pittas: the positive momentum continued in the second quarter
Assonat and SACE present a plan for Italian tourist ports
Rome
Kuehne+Nagel has opened a new branch in Naples
Milan
The aim is to support the operational growth of the group in Southern Italy
RINA has acquired the entire capital of Finnish Foreship
Helsinki
The Helsinki-based company specializes in consulting in the field of marine and mechanical engineering.
Container traffic down at Barcelona and Valencia ports in May
Barcelona/Valencia
Resumption of containers in transit at the Catalan port
Annual cargo traffic in Greek ports stable in 2024
Piraeus
Domestic volumes are growing, while foreign trade is decreasing
Perplexity of freight forwarders, customs agents and maritime agents of La Spezia at the transfer of the port of Carrara to the Tuscan AdSP
The Spice
Timidly, they "hope for consideration for the progress made so far"
Francesco Mastro appointed extraordinary commissioner of the Southern Adriatic Sea Port Authority
Rome
He will take up office on June 30th.
John Denholm to be new president of the International Chamber of Shipping
Athens
He will take over from Emanuele Grimaldi in a year
Extraordinary commissioners of the two Ligurian Port System Authorities have been installed
Genoa/La Spezia
Matteo Paroli and Bruno Pisano at the helm of the institutions
Container traffic at Hong Kong port drops sharply in May
Hong Kong
1.05 million TEUs were handled (-12.7%)
Assogasliquidi-Federchimica shows the way to accelerate the decarbonization of road and maritime transport
Rome
Amadei: Our sector is ready and the time has come for courageous industrial choices
Eagle S tanker command blamed for cutting submarine cables in Gulf of Finland
Advantages
The accident was caused by the ship's anchor
Online platform to report critical issues that put transport workers at risk
Genoa
It was prepared by Fit Cisl Liguria
GNV to create a direct summer connection between Civitavecchia and Tunis
Genoa
It will run alongside the historic route via Palermo
The unification of Grimaldi's concessions in the port of Barcelona has been completed
Madrid/Barcelona
The contract expires on September 20, 2035.
In the first five months of 2025, cargo traffic in Russian ports fell by -4.9%
St. Petersburg
A decrease of approximately -12% was recorded in May
Raben Logistics Group Creates Subsidiary in Türkiye
Milan
It will have 20 employees and a 2,000 square meter cross-dock warehouse
Alberto Dellepiane confirmed as president of Assorimorchiatori
Rome
The composition of the entire association leadership remains unchanged
Agreement between Fincantieri and Indonesian PMM to develop solutions to face new unconventional underwater challenges
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 Assarmatori assembly will be held in Rome on July 1st
Rome
"Mediterranean against the current" the theme of the meeting
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
US has its eye on Greek ports
(Kathimerini)
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Structural adaptation works on dock 23 of the port of Ancona awarded
Ancona
Intervention worth over 11.8 million euros
Conference on the role of LNG and bioLNG for the decarbonisation of transport and industry
Rome
The Federchimica-Assogasliquidi event will take place on Monday in Rome
Dutch Bolidt increases presence in cruise ship sector with acquisition of American Boteka
Hendrik Ido Ambacht
Contship Italia has acquired the Genoese customs services company STS
Melzo
The Ligurian company was founded in 1985
Francesco Benevolo has been appointed extraordinary commissioner of the AdSP of the Central-Northern Adriatic Sea
Rome
He is the operations director of RAM - Logistics, Infrastructure and Transport
Montaresi resigns as commissioner of the Eastern Ligurian Port Authority
The Spice
In the eight months of administration - he underlines - we have not lost even a second
Gurrieri has been appointed extraordinary commissioner of the AdSP of the Eastern Adriatic Sea
Trieste
Pending the completion of the formal process for the designation of the president
The commissioners of the AdSP of Western Liguria have handed over their mandate to Minister Salvini
Genoa
The decision is part of the process of designation and nomination of the new leaders
Confetra criticizes the provisions of the decree-law Infrastructure for road transport
Rome
The Confederation urges the blocking of the process of appointing the presidents of the port authorities
Taiwanese Evergreen, Yang Ming and WHL saw revenue decline in May
Keelung/Taipei
The decline is accentuated for the two main companies
South Korea's KSOE wins order to build eight 15,900 TEU containerships
Seongnam
The unit value of each vessel is approximately $221 million.
First port terminal for car traffic of Greek Neptune Lines
Piraeus
It will be inaugurated next year in the French port of Port-La Nouvelle
The assembly of the association of Genoese maritime agents and brokers will be held on June 16th
Genoa
Round Table on Genoa, the hub of the North West and the Mediterranean
BN di Navigazione Board of Directors Renewed
Genoa
BluNavy aims to reach one million passengers by 2025
Viking Line designs world's largest all-electric ro-pax vessel
Viking Line designs world's largest all-electric ro-pax vessel
Åland
Record Monthly Container Traffic at Turkish Ports
Ankara
In May, almost 1.4 million TEUs were handled (+17.6%)
Sergio Landolfi has been elected president of the Customs Association of the Port of La Spezia
The Spice
The board of directors has been renewed
The ferry industry elite will attend the Interferry conference in Salerno in October
Victoria
Event titled "Connections"
Uniport launches an initiative to support ALS research
Rome
Fundraising for the NeMO Clinical Center Serena Foundation Onlus
The Propeller Club of Genoa has analyzed risks and opportunities of using AI in the maritime and insurance sectors
Genoa
The importance of training in the use of technology was highlighted
Chantiers de l'Atlantique delivers luxury cruising yacht Luminara to The Ritz-Carlton Yacht Collection
Saint Nazaire
The ship will debut in Alaska
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