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31 July 2025 - Year XXIX
Independent journal on economy and transport policy
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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
In the second quarter, container traffic in the port of Genoa fell by -2.8% while in Savona-Vado it grew by +76.3%
Genoa
In the Ligurian capital, the transhipment share decreased, while the Savona port benefited.
Fincantieri records strong growth in half-year financial performance and new orders
Rome
In the first six months of 2025, orders totaled 14.7 billion euros (+93.5%)
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
In the second quarter, naval traffic through the Suez Canal decreased by -6.2%
Cairo
1,248 tankers (-2.7%) and 1,826 other types of vessels (-8.5%) passed through
CMA CGM's net profit fell by 140% in the second quarter.
Marseille
Revenues stable. The French shipping group is interested in acquiring Hutchison Ports' terminals.
Royal Caribbean closes second quarter with record net profit
Miami
The April-June period was very positive
Union Pacific and Norfolk Southern announced a merger agreement today.
Union Pacific and Norfolk Southern announced a merger agreement today.
Omaha/Atlanta
First coast-to-coast cargo rail network
Gurrieri resigns as Special Commissioner of the Eastern Adriatic Sea Port Authority
Trieste
The atypical reverse charge for the logistics sector will become applicable tomorrow
Milan
Ruggerone (Assologistica): one of the most strategic reforms we helped build is being implemented
Policy brief on cyber threats that pose risks to port infrastructure
Tallinn
It was developed by the NATO Cyber Defence Centre of Excellence
Interferry urges the EU Commission to harmonize its shipping decarbonization regulations with those of the IMO
Victoria
Failure to align - the association warned - will force shipping companies to pay twice for emissions.
In the second quarter of 2025, Chinese seaports handled 79.1 million containers (+6.1%)
Beijing
Total freight traffic was three billion tons (+3.3%), of which 1.3 billion tons were with foreign countries (+1.9%).
CK Hutchison announces plans to include a Chinese investor in the consortium to sell Hutchison Ports
Hong Kong
Without the participation of the COSCO shipping group, China would not authorize the sale
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Sri Lanka's Supreme Court has awarded compensation of $1 billion over the X-Press Pearl accident.
Columbus
The container ship caught fire and sank near the port of Colombo
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
The Greek government sends a tugboat to the Red Sea to assist ships that may be attacked by the Houthis.
Piraeus
The AHTS "Giant" is leaving
Saipem and Subsea7 have signed a binding merger agreement.
Saipem and Subsea7 have signed a binding merger agreement.
Milan/Luxembourg
The transaction is expected to close in the second half of 2026.
In the second quarter, the port of Valencia handled over 1.5 million containers (+4.0%)
In the first half of 2025, the amount of new orders to Chinese shipyards fell by -18.2%
Beijing
A decrease of -3.5% in new construction completed in the period was recorded
In the second quarter of 2025, freight traffic in the port of Trieste grew by +3.7%
Trieste
Bulk cargo increased. Miscellaneous cargo fell by 13.2%.
CMA CGM and TotalEnergies form joint venture for LNG bunkering in the Port of Rotterdam.
Marseille
Agreement to supply 360,000 tons of liquefied natural gas per year to the French group's ships
In the second quarter of 2025, freight traffic in Spanish ports decreased by -4.7%
Madrid
All the main product categories are decreasing except for conventional goods
Brookfield Asset Management to sell 49% of British port group PD Ports to Spain's Pontegadea
Middlesbrough
The English company has over 1,400 employees
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
In the quarter April-June, freight traffic in the port of Rotterdam decreased by -2.3%
Rotterdam
The port authority is alarmed by the state of crisis in the national industry.
The electrification of the docks in the ports of Livorno, Piombino and Portoferraio is proceeding according to plan.
Third dock for cruise traffic in the port of Catania
Catania
Pier 25's restyling completed
Another quarter of decline in freight traffic at the port of Algeciras
Algeciras
In the period April-June, containers amounted to 1.24 million TEUs (+1.0%)
A new tax applied to cruise passengers disembarking in national ports came into force today in Greece.
Athens
Belgian rail freight company Lineas receives €61 million government loan
Brussels
The measure was approved last night by the restricted council of ministers
ERTMS installation completed on 1,400 kilometers of Italian railway network
Rome
The project is financed with 2.5 billion euros from PNRR funds.
Wärtsilä's quarterly financial and commercial results are positive.
Helsinki
The Marine Electrical Systems division will be sold to the Italian company VINCI Energies.
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
In the port of Barcelona the number of cruise terminals will be reduced from seven to five
Barcelona
The mayor: For the first time in history, a limit is placed on the growth of cruises in the city.
MSC and Moby have presented their commitments to meet the AGCM's requirements.
Rome
Shipping Agencies Services will sell its 49% stake in Moby, waiving the consideration in favor of the majority shareholder. Moby commits to completely repaying its debt to SAS.
Fincantieri confirms its interest in the development of American shipbuilding
Fincantieri confirms its interest in the development of American shipbuilding
Washington
Folgiero: Commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities
The Chamber of Deputies has approved the appointment of four presidents of Italian Port System Authorities.
Rome
The names proposed for the Port System Authorities of the Southern Adriatic, Central-Northern Tyrrhenian, Western Liguria, and Eastern Liguria have been approved. Voting on the Northern Tyrrhenian Authority has been postponed.
Information exchange between state administrations for the digitalization of the maritime sector begins
Rome
The first operational meeting at the Coast Guard General Command in Rome
The Clean Maritime Fuels Platform suggests measures to support the production and distribution of clean marine fuels
COSCO Shipping Ports sets new monthly and quarterly container traffic records
Hong Kong
In the period April-June, 29.4 million TEUs were handled (+4.5%)
Sharp increase in cases of seafarers abandoning their ships
London
2,286 crew members from 222 ships involved as of early 2025
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Global freight traffic saw strong growth in the first quarter of this year in anticipation of new tariffs
Geneva
North America saw the strongest quarterly growth in imports
In the port of Antwerp-Bruges containers and rolling stock are increasing and other types of goods are decreasing
Antwerp
Traffic congestion continues at the airport, with the situation on the landside becoming critical
A study denounces the delay of European ports in equipping themselves with cold ironing facilities.
Brussels/Pozzallo
The tender to electrify the docks of the port of Pozzallo has begun.
T&E proposes to include more non-EU transhipment ports to avoid carbon leakage
Brussels
The association calls on the EU Commission to reduce the current threshold of 65% of transhipment traffic
Federlogistica urges the immediate establishment of a control room on tariffs
Genoa
The aim is also to eliminate extra costs caused by bureaucracy.
Containerized cargo handled through the port of Singapore fell by 2.9% in the second quarter.
Singapore
Last May, ship transits through the Suez Canal decreased by -6.8%
Last May, ship transits through the Suez Canal decreased by -6.8%
Cairo
The negative trend continued in June and early July
Terminal operators are not at all satisfied with a policy that seems to have no interest in ports
Rome
Cognolato: It is essential to close the ongoing trials on several fronts.
The largest ship ever to dock at Cagliari's Porto Canale at the MITO terminal.
Milan
The container ship "MSC Venice" with a capacity of 16,652 TEU arrived yesterday
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
On 5 and 6 November in Lisbon a summit called by the ILA against automation in the maritime and port sector
North Bergen/Metzingen
South Korean HD Hyundai, together with German NEURA Robotics, will develop and test welding robots in shipyards
The toll of the horrific attack on the bulk carrier Eternity C in the Red Sea is still uncertain.
Mandaluyong/London/Brussels
Joint statement by ICS, BIMCO, European Shipowners, Intercargo and Intertanko
In the first half of 2025, bulk cargo increased and general cargo decreased in the port of Marseille-Fos
Marseille
Cruise passengers increase by +5%
The Senate has approved the framework law on interports
Rome
UIR, gives the Italian interport system a modern, orderly and coherent regulatory framework
Carlo De Ruvo was elected president of Confetra
Rome
Among the challenges, the uncontrolled expansion of large logistics groups and their concentration
Number of pirate attacks on ships still high in the second quarter of 2025
Number of pirate attacks on ships still high in the second quarter of 2025
Kuala Lumpur
The number of acts of violence against crews is decreasing
Telemar and TNL Group merger agreement
Telemar and TNL Group merger agreement
Oslo/Athens/Paris
One of the top three operators in the OT/IoT services market for the maritime and superyacht sectors will be created
Attacks on ships in the Red Sea still cause deaths among seafarers
Portsmouth
Liberian-flagged bulk carrier " Eternity C" targeted
Canadian shipbuilding company Davie acquires second shipyard in Finland
Helsinki/Pori
It will buy the Enersense Offshore shipyard
Amendment on Port Labor Supply Agencies Approved
Rome
Immediate transformation into Agencies authorised to provide temporary port work
Salvini appoints a manager of a private shipping company from Campania as president of the regional AdSP
Rome
This is Eliseo Cuccaro, CEO of Alilauro
Extend the application of the 0.1% sulphur limit in marine fuels globally
Extend the application of the 0.1% sulphur limit in marine fuels globally
Berlin
This is proposed by an analysis by the International Council on Clean Transportation
IMO and EU condemn renewed attacks on ships in the Red Sea
London/Brussels
Dominguez: New violation of international law and freedom of navigation
In the second quarter of this year, Finnlines' revenues decreased by -5.0%.
Helsinki
Net profit of 26.1 million euros (+7.7%)
Container traffic in the Port of New York remained stable in the April-June quarter.
New York
An increase of +4.9% was recorded in the first half of 2025
The Chamber of Deputies approves the appointment of the presidents of five Port System Authorities.
Rome
They are Davide Gariglio, Francesco Rizzo, Eliseo Cuccaro, Francesco Benevolo and Giovanni Gugliotti
Latrofa appointed extraordinary commissioner of the Port Authority of the Central-Northern Tyrrhenian Sea
Rome
Ministerial decree signed
The PNRR tender for interports has been reopened.
Rome
Resources available amounting to 2.2 million euros
Port of Livorno: Workers are the priority in the LTM crisis
Livorno
UPS's quarterly earnings performance declines
Atlanta
Net income in the April-June quarter was $1.28 billion (-8.9%)
Approval for the 2025 budget variation of the Southern Tyrrhenian and Ionian Sea Port Authority.
Gioia Tauro
500 thousand euros for the 49% share held by the Port Agency company
FHP Group acquires the remaining 10% stake in Lotras
Milan/Foggia
The integration between Lotras and CFI Intermodal will begin to create FHP Intermodal.
OITAF scientific document on good practices in the logistics and transport of fresh fruit and vegetables
Milan
The Northern Tyrrhenian Sea Port Authority has joined the PLIKA
Livorno
Platform dedicated to training, innovation and knowledge sharing in the logistics and port sectors
Matteo Paroli's nomination as president of the Western Ligurian Sea Port Authority has been signed.
Rome
He has a degree in law and a specialization in administrative law.
Container throughput increases in Haropa Port, while bulk cargo decreases.
Le Havre
In the first half of this year, containers were 1.51 million TEUs (+4%)
Bureau Veritas reports a 9.8% quarterly increase in revenues in the Marine & Offshore segment
Courbevoie
Kalmar and Konecranes increase new orders in the April-June quarter
Helsinki
The turnover of the two Finnish companies is slightly increasing
Container traffic in the port of Barcelona fell by 12.2% in the second quarter.
Barcelona
Assiterminal threatens a new wave of appeals against regulations it believes are damaging to port operations
Genoa
2M Logistics signs an agreement with Salerno-based Gallozzi
Barendrecht
The Dutch company will represent GF Logistics, a subsidiary of the Italian group, in the Benelux region.
Swiss company Kuehne+Nagel's quarterly profits fell
Schindellegi
In the period April-June of this year, net turnover grew by +1.7%
Yang Ming orders three 8,000 TEU container ships from Nihon Shipyard and Imabari Shipbuilding
Keelung/Imabari
Contract valued at $351.3-394.5 million
Italia Nostra reiterates its strong concerns about the construction of the Fiumicino-Isola Sacra port.
Rome
European maritime cities, destinations for cruise tourism - the association highlights - denounce the phenomenon of over-tourism in the cruise sector
Egypt's first automotive terminal has come into operation at Port Said East.
East Port Said
It can accommodate two car carriers at the same time
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Tepsa has acquired a liquid bulk terminal in the port of Rotterdam.
Singapore/Rotterdam
It was sold by Global Energy Storage Holdings
The Spinelli Group has approved its 2024 sustainability report.
Genoa
Of the company's 616 direct employees, 49% are under the age of 50.
In the second quarter of this year, cargo traffic in Turkish ports grew by +1.6%
Ankara
Cargoes to and from Italy amounted to 12.7 million tons (+10.1%)
Extension of the Simplified Logistics Zone for Genoa Ports and Dry Ports to the Savona, Vado Ligure, and Bergeggi areas.
Genoa
Approval from the ZLS Steering Committee
Isotta Fraschini Motori has inaugurated a new production line for hydrogen fuel cell systems in Bari.
Trieste
They will be used for naval and land solutions
The Grande Shanghai , the Grimaldi Group's first ammonia-ready car carrier, has been christened.
Naples
It has a load capacity of 9,000 CEUs.
The Port of Genoa, FILT, and UILT have declared a five-day strike at the Bettolo Terminal.
Genoa
Fit Cisl Liguria expressed solidarity with the workers
The tender for the dredging of the commercial dock basin at the port of Ancona has been published.
Ancona
The removal of approximately 730 thousand cubic meters of sediment is planned
Tender for the restoration and enhancement of docks 32 and 33 in the Deep Sea Zone of the port of Savona
Genoa
An investment of over 6.7 million euros is expected
There are 1,100 workers in Palermo directly employed in the seaside tourism sector
Palermo
This year, cruise traffic is expected to grow by 9.4% in the port of the Sicilian capital.
Six-month growth of +9% in freight on the St. Petersburg-India/China maritime route
Fly
FESCO operates six vessels in the service
Port of Trieste: Special Commissioner Gurrieri under investigation for money laundering
Trieste
I am certain - he declared - that I can demonstrate that I acted legally, in full transparency.
Vard signs new contract for the construction of two CSOVs
Trieste
The vessels will be used to support operations in the offshore wind sector
UIR welcomes the publication of the tender for the digitalization of the logistics chain.
Rome
Di Caterina (ALIS): a concrete tool that enhances the needs of businesses and strengthens the logistics system
GNV celebrated its first ten years of activity on the Italy-Albania route
Durres
During the period, the company's ships carried over 1.25 million passengers
A shipment of over 1.2 tons of marijuana was seized at the port of Gioia Tauro.
Reggio Calabria/Catanzaro
Members of a criminal organization that imported drugs from South America through European ports and airports have been arrested.
Yang Ming orders Hanwha Ocean to build seven 15,000 TEU dual-fuel containerships
Keelung
They will be delivered between 2028 and 2029
Walden to sell healthcare logistics business to Yusen Logistics
Paris
Exclusive negotiations announced
Solinas (Sardinian Action Party) is not at all satisfied with the state of Sardinian ports
Cagliari
The immediate establishment of a special commission is urged
ANSI welcomes the introduction of the information dashboard for managing private procurement contracts in logistics.
Rome
D'Angelo: it will allow the country to take another step forward
Russo (Confcommercio): excluding road transport from the PNRR funding was shortsighted.
Rome
First bulletin from the Freight Insights Observatory produced by the National Center for Sustainable Mobility
ABB Group posts sharp growth in quarterly financial and business performance
Zurich
In the period April-June the value of new orders grew by +16.0%
Informal consultations have begun on the preliminary proposal for the new Ancona Port Master Plan.
Ancona
Eleven meetings scheduled for July
Program agreement for preparatory and functional interventions for the construction of the bridge over the Strait of Messina
Rome
It was signed today in Rome
Project to develop an ecological station for the treatment of wastewater from ships
Naples
Initiative of the Neapolitan Group of the Cenere and Iello Landing
Assiterminal urges against bringing sediment from the Bagnoli dredging project into the port of Naples.
Genoa
Cognolato and Ferrari: It is essential to safeguard the full functionality of the commercial port's activities.
Container traffic at the Port of Long Beach fell 3.4% in the second quarter.
Long Beach
A decline of -16.4% was recorded in June
Paolo Pessina has been appointed vice president of Conftrasporto-Confcommercio.
Rome
He is president of the national federation of maritime agents and brokers
Container traffic in the port of Hong Kong decreased by -8.2% in the second quarter
Hong Kong
A decrease of -13.7% was recorded in June
Cuneo-based logistics company Nord Ovest is seeing growing financial results.
Wedge
Construction work on a new depot in Mondovì will be completed in early 2026.
Container traffic at the Port of Los Angeles grows driven by fears of new tariffs
Los Angeles
June saw the highest volume ever recorded for this month
The Management Committee of the Sardinia Sea Port Authority has adopted the DPSS
Cagliari
Green light for the concession to MITO and the appeal against the rejection of Olbia's dredging project.
Three events in Genoa for three new Explora Journeys cruise ships.
Genoa
A technical launch, a coin laying and the cutting of the first sheet metal were carried out at the Fincantieri shipyard
Grimaldi sells 5% of Terminal Darsena Toscana to Livorno Port Company
Naples/Livorno
Option to purchase an additional 5% of the share capital
Concession agreement signed that assigns management of the port of Tartous to DP World
Damascus
It has a lifespan of 30 years
Matteo Gasparato appointed president of the Northern Adriatic Sea Port Authority
Rome
He was appointed extraordinary commissioner of the same port authority
Meeting in Rome between the heads of ESPO and Assoporti
Rome
Among the topics addressed, the competitiveness of European ports in the current global context
Chinese airline OOCL reports quarterly decline in scheduled service revenues
Hong Kong
Cargo transported by the company's ships is increasing
Collaboration between the Ukrainian Sea Ports Authority and the Western Ligurian Sea Port Authority
Rome
Agreement with an initial duration of five years
Survey in Germany on the prospects of companies in the maritime, port and shipbuilding sectors
Hamburg
Shipowners are more concerned. Positive prospects for ports and shipyards.
Port of Augusta: Work begins on a third bridge connecting the island to the mainland.
Augusta
Work worth over 20 million euros
Vard signs contract with InkFish for new research vessel
Trieste
The deal is worth more than 200 million euros.
1.1 billion euros will be invested in the port of Hamburg to strengthen the container sector
Hamburg
Improving accessibility and port infrastructure in the Waltershofer Hafen area
Meyer Turku delivered the new Star of the Seas cruise ship to Royal Caribbean
Turku
It has a gross tonnage of 250,800 tons
ESPO calls for increased funding for ports under the next EU Multiannual Financial Framework
Brussels
The CEF programme funds have proven to be far from sufficient
Fincantieri delivers the new Oceania Allura cruise ship to Oceania Cruises.
Miami/Trieste
Two additional Sonata-class ships have been converted into orders.
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
Confindustria event on the sea economy in Rome on July 15th
Rome
The public meeting of the International Containers Studies Center will be held in Genoa on July 2nd
Genoa
››› Meetings File
PRESS REVIEW
Why Malta is objecting to a new price cap on Russian oil
(timesofmalta.com)
US has its eye on Greek ports
(Kathimerini)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Uniport: Bringing debris from Bagnoli to the port of Naples would postpone long-awaited dredging.
Rome
Legora de Feo: It's necessary to find alternative solutions.
Taiwanese companies Evergreen, Yang Ming and WHL saw sharp declines in quarterly revenues.
Keelung/Taipei
In the period April-June it fell by -18.7%, -26.5% and -8.6% respectively
The establishment of the Information Dashboard for the management of private procurement contracts in logistics has been approved.
In May, freight traffic in the port of Ravenna grew by +1.4%
Ravenna
Bulk cargo is on the rise. Miscellaneous cargo is on the decline.
EU approves joint purchase of port equipment by terminal operators
Brussels
Joint definition of minimum technical specifications of equipment is also permitted
Serbian energy group EPS will import coal through the Montenegrin port of Bar
Bar
Currently imports from Indonesia pass through the port of Constanta
Fincantieri Foundation and Luiss University launch a project to strengthen the safety of underwater infrastructure.
Trieste
Among the objectives, contribute to the definition of a specific regulatory framework
Freewheeling: The government's U-turn on anti-mafia controls in the road haulage sector is a welcome development.
Modena
Franchini: If the government has realized it made a mistake, that's good news.
Agostinelli (AdSP Tirreno Meridionale e Ionio): the amendment that allows for the early transformation of the Gioia Tauro Port Agency is extremely important.
Confindustria's event on the maritime economy will take place in Rome on July 15th.
Rome
The confederation's strategic document on the sector will be presented
Kerala seeks $1.1 billion from MSC in damages over MSC Elsa 3 sinking
Thiruvananthapuram
Temporary detention of the vessel "MSC Akuteta II" granted
Trasportounito requests the cancellation of the renewal procedure of the Central Committee of the Register of Hauliers
Rome
New seizure of a load of cocaine in the port of Gioia Tauro
Reggio Calabria
16 bags containing 417 kilos of drugs were found in a container
MOL and Kinetics to build world's first floating data center
Tokyo
It will be installed on a vessel of 9,731 gross tonnage
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