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24 April 2025 - Year XXIX
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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
ESPO: The EU Parliament's Budget Committee's request for more funding for transport, energy and infrastructure is welcome
Brussels
The importance of financing TEN-T networks to enable their adaptation for both military and civilian dual-use purposes was highlighted
Solidarity contribution for the families of port workers who are victims of accidents at work
Rome
It was established by the National Bilateral Port Authority
Bureau Veritas Marine & Offshore Division Reports Record Quarterly Revenue
Neuilly-sur-Seine
New historical peak also for the classified fleet
PSA reportedly considering selling its 20% stake in Hutchison Ports
Singapore
This is according to "Reuters", which had already floated this hypothesis at the end of 2022
Federagenti, Italy must give a sharp acceleration to the projects of ZES, free zones and Special Logistics Zones
Rome
Pessina: There is no space for reflections prey to bureaucracy
In the first quarter of this year, freight traffic in the port of Rotterdam decreased by -5.8%.
Rotterdam
Both disembarkation (-3.1%) and embarkation (-11.9%) loads are decreasing
Increase in container cargo is not enough for the port of Antwerp-Bruges to avoid a -4.0% decline in quarterly traffic
Antwerp
The decline in liquid bulk cargoes worsened (-19.1%)
The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
Growing share of new entrants in European rail transport sector
Madrid
In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
Washington
The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
Washington
Calculated on the basis of net capacity or container volume, they will be applied from October and will be progressively increased
International tender launched to award concession for new Casablanca port shipyard
Casablanca
It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
Genoa
Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
Zurich
Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
Geneva
The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
Luxembourg
In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
Rome
Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
Pirate attacks on ships to spike in first quarter of 2025
London
Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
Victoria/Piraeus
Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
London
ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
Cairo
The company operates a dry port in the industrial and logistics zone near Cairo
MSC Group's TiL to Take Full Control of Hutchison Ports Terminals
New York
Bloomberg reports this, specifying that the Panamanian terminals would be jointly managed with BlackRock
Draft regulation on decarbonisation of shipping approved by MEPC includes mandatory fuel standard and pricing of greenhouse gas emissions
London/Washington/Brussels
The establishment of a Fund to collect resources deriving from the pricing of emissions is foreseen
MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
Rome/La Spezia
The La Spezia port community also requests a name for the Eastern Liguria Port Authority
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
Confitarma underlines the importance of the shipping decarbonisation strategy being defined at IMO
Rome
The Italian Confederation specifies that it shares some of the USA's concerns
WSC Reiterates Trump's Measures for National Maritime Industry Are Bad for U.S. Economy
Washington
Kramek: Ready to support the administration with constructive proposals
Fincantieri and Accenture establish joint venture Fincantieri Ingenium
Trieste/Milan
The aim is to drive the digital transformation of the ship product and port logistics
Meyer Werft has delivered the new luxury cruise ship Asuka III to NYK Cruises
Papenburg/Emden
It has a capacity of 744 passengers and 470 crew members
As Trump formalizes measures to revitalize America's maritime industry, the nation's ports face a dramatic decline in traffic
Washington/Geneva
Okonjo-Iweala (WTO): With the escalation of trade tensions between the US and China, the exchange of goods between the two economies could decrease up to 80%
CK Hutchison denies allegations of breach of concession contract for Panamanian ports of Cristóbal and Balboa
Panama
Panama Ports Company emphasizes that it has complied with all legal obligations and contractual commitments
US Does Not Participate in IMO Negotiations on Shipping Decarbonization, Threatens Reciprocal Measures
London
Expressed opposition to any attempt to impose economic measures on ships based on greenhouse gas emissions or fuel choice
T&E urges MEPC to agree clear and ambitious measures to decarbonise shipping
Brussels
It is necessary - the association underlines - to set binding objectives
Meyer Yachts will build an ultra-luxury residential mega yacht for Ulyssia Residences
Miami
The ship will be 320 meters long and will be built at the Papenburg shipyard
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Neapolitan Grimaldi Group wins $1.3 billion order for nine ro-pax ships
Helsinki/Naples
Order at China Merchants Jinling Shipyard (Weihai)
Viking orders two cruise ships from Fincantieri with option for two additional units
Los Angeles/Trieste
The two ships under construction in Ancona for the American brand will be the first in the world to be powered by hydrogen stored on board
Federlogistica, the possible collapse of road transport is a risk for the country
Genoa/Modena
Ruote Libere reports that the government only needs to allocate a little money to avoid having to deal with the real problems of road hauliers
Second edition of the European Maritime Transport Environmental Report published
Lisbon/Copenhagen
The new report indicates that promising progress has been made in several areas
WSC, MEPC must provide clear measures to decarbonise shipping this week
Washington
Wood-Thomas: It is not possible that these decisions can be postponed to guidelines developed in two years
Konecranes revenues increased by +7.7% in the first three months of 2025
Helsinki
343 million euros of new orders for port vehicles (+37.5%)
Kuehne+Nagel posts first quarter of growth
Schindellegi
The logistics group's net sales amounted to 6.33 billion Swiss francs (+14.9%)
Application by TDT (Grimaldi group) for the construction and management of 50% of the Terminal Darsena Europa in Livorno
Leghorn
The company has requested an extension of the duration of the current concession
In 2024, 58 million invested in the modernization of the ports of Livorno, Piombino and the island of Elba
Leghorn
The final budget and the annual report of the AdSP have been approved
EIB advice to strengthen climate resilience of the ports of Volos, Alexandroupolis and Patras
Luxembourg
It will assist port authorities in identifying and managing climate risks
In the first quarter the port of Valencia handled 1.3 million containers (+3.4%)
Valencia
Transhipment traffic decline
The Management Committee of the Central Tyrrhenian Sea Port Authority has unanimously approved the 2024 financial statement
Naples
SOS LOGistica will acquire the qualification of Third Sector Entity
Milan
The association currently has 74 members
In the first three months of 2025, freight traffic in the ports of Barcelona and Algeciras decreased
Barcelona/Algeciras
Hupac transfers intermodal service with Padua to Novara
Noise
Until now the other terminal was the one in Busto Arsizio
PSA SECH has operated the first 400-meter train at Parco Ferroviario Rugna
Genoa
Capacity up to 20 pairs of trains per day
The 2024 financial statement of the Eastern Liguria Port Authority was unanimously approved
The Spice
The war clearance preparatory to the expansion of the Ravano Terminal in La Spezia is nearing completion
The Spice
The AdSP has invested over 600 thousand euros in it
Francesco Rizzo appointed president of the AdSP of the Strait
Rome
He has repeatedly denounced the uselessness of the construction of the bridge over the Strait
US aircraft attack Yemeni port of Ras Isa
Tampa/Beirut
38 dead and over a hundred injured
In 2025 Stazioni Marittime predicts an increase in ferry and cruise traffic in the port of Genoa
MIT Mobility Report Highlights Rising Demand for Both Passengers and Freight
Rome
In the first quarter, cargo traffic in Russian ports decreased by -5.6%
St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
Milan
Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
In the first quarter of this year, container traffic in the port of Gioia Tauro grew by +15.5%
Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
Last year, 656 ships underwent repair work in Greece
Piraeus
Increase of five units compared to 2023
Port of La Spezia, cruise ship docking simulations completed at Garibaldi West pier
The Spice
Assagenti conference on the future of the profession of maritime agent and broker
Genoa
It will be held tomorrow in Genoa
Stena Line presents a project for a ro-ro vessel capable of reducing energy consumption by at least 20%
Gothenburg
Introduced most of the innovative technologies currently available
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
Saipem awarded new contracts in Middle East and Guyana
Milan
The total value of the orders is approximately 720 million dollars.
Conference in Genoa for the centenary of Ente Bacini
Genoa
The company was established on 19 February 1925
Interporto Bologna Board of Directors Renewed
Bentivoglio
Stefano Caliandro Appointed President. Loss of 1.7 million euros in 2024
NYK invests 76 billion yen in NYK Energy Ocean Corporation
Tokyo
The newco has taken over the activities of ENEOS Ocean
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