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28 April 2025 - Year XXIX
Independent journal on economy and transport policy
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February 29, 2024

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Exim India web site
FEBRUARY 29, 2024
  • PM lays foundation stone and dedicates to nation multiple development projects in Thoothukudi
  • Unmesh Sharad Wagh, Chairman I/C, JNPA to grace CONquest 2024 in New Delhi next week
  • YOU ASK.. WE ANSWER...
  • Tripura to be the gateway to SE Asia via Chittagong Port: CM
  • Coal Logistics Plan & Policy to be launched today
  • Red Sea disruptions seen continuing into second half of 2024
  • US FMC publishes final rule on detention and demurrage billing practices

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International Transport Journal web site
FEBRUARY 29, 2024
  • Automotive focus
  • Intermodal service Alsace - Belgium launched
  • Codognotto conquers Dubai
  • Economic waves hit Hamburg port
  • Röhlig: financial success in 2023
  • Encouraging results for sustainability efforts
  • Two new gateways for groupage deliveries
  • Mycrane goes for growth in the USA
  • Unity in shipping renewed until 2032
  • Aramex gets a tech update
  • Less CO2, more capacity, reliable transit times
  • In-house news from the ITJ
  • Changes within the Stef group
  • "Curiosity of the Day"
  • Bilbao Port at Empack
  • 50,000,000 shipments cleared in three years
  • Handing over a Hesse hub
  • Up to 15% less fuel

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The Loadstar web site
FEBRUARY 28, 2024
  • Ocean carriers pile on capacity and dominate intra-Europe shortsea market
  • DHL break-up; M�rsk spin-offs; 'forwarder + integrator' - or not...
  • Land grab from DP World terminal costs Belgian port €41.3m in fines
  • Box lines in legal battle with South Korea's antitrust body over fines
  • Bolloré's contract logistics arm buys French pharma specialist SLS
  • As Amazon fails to deliver and freighters return, ATSG sees profits tumble
  • World Group's Joey Palmer and Duncan Wright move up as co-CEOs
  • DSV - the race to the bottom
  • Boardroom battle at Norfolk Southern heats up as rail regulators weigh in
  • Nabil Sultan moves to pax as Emirates SkyCargo sees team changes

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Marine Log web site
FEBRUARY 28, 2024
  • USCG won't enforce controversial CARB CHC regulation
    The California Air Resources Board (CARB) continues to get push back on a commercial harbor craft (CHC) regulation slammed as "unworkable" and "deeply flawed" by the American Waterways Operators (AWO), even before
  • Floating wind MFSV design gets ClassNK approval
    After SOVs and CSOVs, here comes a new category of offshore wind service vessel. ClassNK has awarded an approval in principle (AiP) for the design of a multi-functional floating offshore wind farm
  • EPA launches new $3 billion Clean Ports Program
    The U.S. Environmental Protection Agency today launched the $3 billion Clean Ports Program to fund zero-emission port equipment and infrastructure to tackle the climate crisis and improve air quality at U.S. ports
  • C-Innovation selected to support new Titanic expedition
    RMS Titanic Inc., the company that holds the salvage rights to the RMS Titanic wreck, has selected Edison Chouest Offshore associate C-Innovation to support its 2024 imaging and research expedition. Scheduled for

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Container News web site
FEBRUARY 28, 2024
  • Port of Melbourne handles nearly 270,000 TEUs in January
    The Port of Melbourne reported an increase in total container throughput for January 2024 compared to the same month last year, totalling 269,044 TEUs. Full container imports (excluding Bass Strait) showed growth from the previous year with higher volumes observed in furniture, metal manufactures, domestic appliances, and paperboard. However, full container exports (excluding Bass Strait) saw a d
  • The Mission to Seafarers appoints new Secretary General
    The Mission to Seafarers (MtS) has revealed that Peter Rouch will assume the position of Secretary General. Peter Rouch will take the duties from Andrew Wright, who is set to retire from the position in September after nearly twelve years of service as the organization's leader. "I am very grateful indeed to have been invited to become Secretary General of The Mission to Seafarers. It is a charit
  • Port of Hamburg sees declined container traffic in 2023
    In 2023, the terminals in the Port of Hamburg handled a total of 114.3 million tonnes of goods with seaborne cargo throughput 4.7% below the level of the previous year. At the same time, container throughput amounted to 7.7 million TEUs, decreasing by 6.9%. Despite the overall decline in cargo throughput, hinterland traffic to and from the German port remained relatively resilient in 2023. Record
  • Fundación Valenciaport's study advances ammonia as ship fuel
    Fundación Valenciaport has initiated a study titled 'Investigating the Safety of Ammonia as Fuel on Ships' aiming to establish the foundations for utilizing ammonia as a ship fuel. The study will encompass methodologies, safety assessments, and reliability analyses, along with the development of technical guidance to promote standardization within the port logistics sector. Specifically, the proj
  • Top 10 Shipowning Nations
    VesselsValue unveils this year's top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a US$206.3 billion fleet to the emergence of Hong Kong at US$44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months. Japan Japan continues to lead, taking numbe
  • New container line starts operations in Saudi Arabia
    A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Poul Hestbaek is the first chief executive officer (CEO) of Folk Maritime. Hestbaek is a former CEO of Maersk-owned box line Hamburg Süd and left the Danish shipping giant in August 2023. The new box carrier is expected to provi
  • DNV and zero44 forge partnership for EU ETS compliance
    zero44, a software start-up focused on decarbonization, has teamed up with DNV's Veracity maritime cloud platform to jointly assist clients in managing compliance with the European Union Emission Trading System (EU ETS). The software of zero44 is specifically tailored to Greenhouse Gas Emission (GHG) regulations, offering functionalities for overseeing EU ETS obligations by monitoring allowances
  • Red Sea crisis sees more vessels serving intra-Europe
    Intra-Europe container shipping capacity has gone up nearly 18% year-on-year, as the Red Sea crisis results in more feedering and larger ships being assigned to this segment, according to Alphaliner. There are now more than 170,000 TEUs serving the intra-Europe market, as the number of ships in this segment increased from 581 to 645. In the past year, the average size of a container ship operatin
  • Portsmouth International Port selects ABB's shore connection solution
    ABB, a technology leader in electrification and automation, has secured an order from Portsmouth International Port for a shore connection solution for ferries and cruise ships visiting the port. As part of the port's Sea Change project, aimed at implementing a shore power system across its three busiest berths, the installation will cater to two ferry berths, each equipped with five connection p
  • OOCL, Sumitomo Corporation launch refrigerated ocean transportation service utilizing electric field technology
    Tokyo-headquartered electric services company Sumitomo Corporation and Hong Kong-based container carrier Orient Overseas Container Line (OOCL) signed a business alliance agreement, aiming to offer refrigerated ocean transport services utilizing electric field technology, ensuring the preservation of freshness of various commercial products. According to the announcement, the international transpo
  • APM Terminals invests US$1 million in electric vehicle fleet upgrade
    APM Terminals has announced a significant advancement in its terminal operations fleet by transitioning to electric vehicles (EVs). With an investment of nearly US$1 million, the terminal has replaced 28 internal combustion engine vehicles with brand-new, all-electric Volkswagen ID.4s. This shift towards electrification of its passenger vehicle fleet reflects Pier 400's dedication to aligning its
  • Cargo volumes in Red Sea drop significantly due to vessel attacks
    "During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the region due to concerns over attacks on ships by the Houthis," stated Niels Rasmussen, chief shipping analyst at BIMCO. Since November 2023, Houthi
  • Koerschulte Group launches Germany's first automated drone delivery service
    On Wednesday, 21 February 2024, the Koerschulte Group launched Germany's inaugural fully automated drone delivery service in Lüdenscheid. This innovative venture, supported by HHLA Sky, a subsidiary of Hamburger Hafen und Logistik AG (HHLA), oversees flight operations from its own integrated drone control centre. After two years of intensive development, the first commercial drone delivery airlin

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Splash web site
FEBRUARY 28, 2024
  • DHT orders four VLCC newbuilds from South Korea
    New York-listed tanker giant DHT Holdings has entered into agreements to build four very large crude carriers (VLCCs) in South Korea with delivery expected between April and December 2026. Two will be constructed at Hyundai Samho Heavy Industries while the other two will be built by Hanwha Ocean, both in South Korea. The average price for the ...
  • Mission to Seafarers elects new secretary general
    The Mission to Seafarers, a Christian maritime welfare charity, has announced that its new secretary general will be Peter Rouch. Rouch will succeed Revd Canon Andrew Wright who will retire from the role in September this year after almost 12 years at the helm of the organisation. The new secretary general will join the Mission ...
  • Avance Gas seals one-year fixture for dual-fuel VLGC
    Oslo-listed very large gas carrier (VLGC) specialist Avance Gas has struck a new one-year charter with an energy major for its LPG dual fuel . The 2022-built 91,000 cu m ship has been on a two-year variable time charter with TotalEnergies since delivery. The new contract will start at the end of February in direct ...
  • DeepOcean awarded Equinor pipeline survey contract
    Norwegian ocean services provider DeepOcean has secured a survey contract from Equinor on the operator's gas pipelines in the North Sea. Under the contract, valid for 2024, DeepOcean's scope of work covers pipeline inspections, seabed mapping, and ad-hoc pipeline survey and light construction work. The latest deal with an undisclosed value is an additional award ...
  • Missiles hit stranded Turkish ship in Ukraine
    A Turkey-flagged general cargo vessel, that has been stranded for more than two years in Ukraine was struck by missiles in the port of Kherson. The missiles, likely launched by Russian forces, rocked the 1990-built owned by the Istanbul-based Kuruoglu Denizcilik while moored at the port. The 7,634 dwt vessel arrived in Kherson on February ...
  • Eastern Pacific uses up options for LNG dual-fuel tankers and ammonia-powered bulkers
    Singapore-based Eastern Pacific Shipping (EPS) has placed an order for two LNG dual-fuel oil tankers and four ammonia dual-fuel bulkers with Chinese shipyards. The Idan Ofer-controlled diversified shipowner ordered two 111,000 dwt LNG dual-fuel LR2 product tankers from CSSC Guangzhou Shipbuilding International (GSI). In June last year, the company ordered two such vessels from the ...
  • Jumbo and SAL welcome Intermarine into heavy lift alliance
    Dutch maritime heavy lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL Heavy Lift have formed a new joint venture with liner operator Intermarine. Jumbo and SAL Heavy Lift have already been partners in the Jumbo-SAL-Alliance since 2021. From March 1, Intermarine will join the now named JSI Alliance ...
  • Port of Antwerp-Bruges to pay more than $44m in DP World concession dispute
    The port of Antwerp-Bruges will have to pay €41.3m ($44.7m) plus costs and interest to DP World under a ruling in an arbitration case at the International Centre for Settlement of Investment Disputes (ICSID). The record fine, which could ultimately amount to up to €100m, is the conclusion of a seven-year concession dispute at the ...
  • Esvagt forges Korean offshore wind partnership with KMC Line
    Danish offshore shipping player Esvagt is entering the Korean offshore wind market through a tie-up with domestic shipping company, KMC Line. The two companies have signed a letter of intent to work together in unlocking the potential for renewable energy production in Korea. The deal was penned in the presence of the Korean ambassador in ...
  • Gulf Marine Services clinches new vessel deal and a contract extension
    London-listed liftboat operator Gulf Marine Services (GMS) has signed a contract extension for one of its vessels currently operational in the Middle East and received a letter of award for another vessel operating in the same region. These two awards span a combined period of 5.2 years and the total company's backlog has now reached ...
  • Tobago oil slick spreads more than 800 km west
    Heavy fuel bunker oil leaking from a mysterious 48-year-old capsized barge off the coast of Tobago has spread hundreds of kilometres west to reach the east coast of the Dutch Caribbean island of Bonaire, while authorities in Aruba, another Dutch island, are on alert for the slick washing up on their shoreline too. Officials on ...
  • RWE forms offshore wind fleet servicing team
    German utility RWE has decided to establish an initial 30-person dedicated fleet servicing team for the UK and Germany to support its growing international offshore wind fleet. Initially focused on five operational projects off the UK and German coasts, the team will secure new, long-term jobs, and have the potential to grow further in line ...
  • China, Japan and Greece in a league of their own in latest shipowning charts
    Which nation has the world's most valuable commercial fleet? Two of shipping's best-known data providers cannot agree. VesselsValue yesterday unveiled its top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. Japan was at the top of the league, its fleet growing in price by 5% over the past four ...
  • Indian-classed fleet more than doubles since Putin's full-scale invasion of Ukraine
    In the two years since Russia's full-scale invasion of Ukraine, the number of ships classified as shadow or dark has leapt, and Western service providers have pulled back from working with a significant tranche of the merchant fleet for fear of being hit by sanctions. However, the total amount of ships classified by members of ...
  • Shipping's largest, most fragmented sector faces up to consolidation realities
    Shipping's largest sector - dry bulk - has experienced some very significant merger moves in recent months, which many believe is just the start of a period of consolidation for the highly fragmented industry. Analysis of dry bulk mergers as an ongoing trend forms the lead for the February issue of Splash Extra, our subscription-based ...
  • Dry bulk seen entering period of consolidation
    Shipping's largest sector - dry bulk - has experienced some very significant merger moves in recent months, which many believe is just the start of a period of consolidation for the highly fragmented industry. Dry bulk remains the least consolidated of all the merchant shipping segments, with the largest listed dry bulk concerns having no ...
  • You'll be paying for all this maritime tech consolidation
    We've been covering the consolidation within the maritime tech space closely over the past 18 months. While many have been saying it is much needed to make more uniform, standard offerings, the end customer might question this when the dust settles and bills rise. The past few years have seen an over-saturation of platforms and ...
  • February 2024 Review
    The Houthis continued to hound merchant ships in the Red Sea and the Gulf of Aden, getting better with their target practice. Close to 60 ships have now been targeted since October. The European Union agreed to send a naval group to the area. An Egyptian former employee shot three people dead before killing himself ...
  • Tankers: What goes up can still go up
    Against the backdrop of war in Ukraine and Gaza, ship operators have so far this year benefited from rising freight rates, though disruption and uncertainty also bring an enhanced element of volatility to the markets. Despite punitive responses from the US and allied navies, Houthi groups in Yemen say they will continue to attack international ...
  • Auspicious signs for dry cargo in the Year of the Dragon
    The Lunar New Year holiday bit into chartering activity for the vital capesize segment, depressing the Baltic Dry Index from its January 1 level of 2,093 points to a low of 1,308 on January 17 since when it has risen 43% to 1,866 points. Charterers have been busy booking cargoes in all segments and on ...
  • Containerlines get no sympathy from shippers
    As Diana Shipping joined the list of operators avoiding the Red Sea, CMA CGM complained about how the conflict related revisions to schedules has forced up costs for liners such that inflated freight rates may not be high enough to run operations profitably when higher time charter, fuel and emissions costs are eating into margins. ...
  • Analyst Abstract
    Tankers It's been a very solid month for crude and product tankers with China noticeably back in big buying mode. Rates for multiple tanker classes are at highs not seen for many months. McQuilling's prevailing view for the crude tanker markets favours mid-sized tankers over VLCCs in 2024 as major VLCC hubs - Middle East ...
  • Buoyant bulkers lead the way
    A sign of a buoyant market is when secondhand prices edge closer - and occasionally surpass - newbuild prices. Witness the dark blue line jumping up close to the red newbuild line in the Clarkson chart below as evidence that shipping is very bullish about prospects in the Year of the Dragon, desperate to snaffle ...
  • The rise of the seaborne ammonia trades
    The global trade of ammonia is increasing every year with a rise in trade projected until at least the middle of the century. With ammonia becoming a more popular player in the energy and agricultural industry along with a role in decarbonisation efforts, maritime transport will have to follow suit with a much-needed spike in ...
  • How one maritime AI research project could cut 1% of total global emissions
    Sorry, what did you say? Bjørn Åge Hjøllo, chief sustainability officer at e-navigation specialist NAVTOR, smiles in recognition of the obvious disbelief. He tries again: "I said that this project has the potential to cut 1% of all global emissions." 1% of all shipping emissions? "No, 1% of total global emissions... for everything." This may ...

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Lloyd's List web site
FEBRUARY 28, 2024
  • Panama Canal auction costs more than double in February
    The average price to secure a neopanamax transit slot has more than doubled since the beginning of February to more...
  • US to invest $3bn in clean port infrastructure
    US EPA will make $3bn in funding opportunities available, $2.8bn of which directed to fund zero-emission port equipment and infrastructure...
  • DHT inks deals for $514m VLCC newbuilding quartet with options for four more
    New York-listed very large crude carrier pure play DHT Holdings has inked deals for four new VLCCs with Hyundai Samho...
  • CoolCo expects demand tailwinds as more LNG heads east in second half
    New York-listed CoolCo forecasts seasonal upswing in the second half of the year will be boosted by longer voyages as...
  • Wright to step down from Mission to Seafarers' top job
    Mission provides practical support in 200 ports across 50 countries
  • Marinakis inks new $1bn deal for LNG carriers
    Four 174,000 cu m vessels to be built by Hyundai Samho brings the number of new LNG carriers ordered by...
  • Dry bulk delight helps Golden Ocean to earnings beat
    Golden Ocean has reported strong fourth-quarter earnings amid a robust finish to the year in the dry bulk segment. The...
  • Swedbank signs up to Poseidon Principles
    Initiative designed to integrate climate considerations into ship finance decisions
  • Just one seafarer in eight on Chamber of Shipping vessels is UK national
    RMT union claims figures demonstrate 'super exploitation'
  • Stathes Kulukundis, 81, 'epitomised London Greek shipping community'
    During long career, R&K director 'added gravitas' to a host of organisations including Greek Shipping Co-operation Committee and International Chamber...
  • India wants to stamp out resurgent Somali piracy with new naval action mandate
    The nascent resurgence of Somali piracy represents a viable and imminent threat to freedom of navigation and commercial shipping, according...
  • Shipping 'bouncing in cash' but doesn't know where to invest
    Shipping has benefited from Red Sea disruption and geopolitical black swans but high asset values is making opportunities hard to...
  • Heightened security threat accepted norm for Ukraine's Black Sea traders
    A security threat is always present given the war, but those that ply the Black Sea route to and from...
  • Rubymar owners defy Houthi threats in final bid to save sinking bulker
    The heavily damaged, listing and leaking bulker Rubymar will be towed to either Aden or Jeddah, regardless of Houthi threats...
  • MISC gains from strong gas carrier and tanker markets
    MISC expects softer market conditions for the LNG sector in the near term due to firm fleet growth, while the group...
  • Yangzijiang Shipbuilding sees clear skies ahead after surging profits
    Alternative fuel shift is expected to anchor growth for Yangzijiang after a banner year
  • Chinese crane maker ZPMC appoints new chairman amid US cyber security accusations
    Leadership change comes as China-made cranes are being targeted by the US citing cyber security risks
  • Daily Briefing
    US courts Asian allies to rebuild shipbuilding prowess as China powers ahead | US sanctions two tankers linked to Iranian...

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The Journal of Commerce web site
FEBRUARY 28, 2024
  • APM looks to ease trucker woes over New Jersey terminal appointment system
    APM Terminals will make more slots available for retrieving import containers at its Port Elizabeth site as truckers say delays in booking appointments are worsening.
  • Cosco to partner in ONE's upcoming India-US East Coast WIN service: sources
    The move makes sense, according to a Mumbai-based source, as ONE needs a partner to fill space and Cosco needs a strong service out of India.
  • Carrier on-time service levels plummeted in January amid Red Sea crisis
    A drop in schedule reliability was expected on trade lanes such as Asia-Europe and Asia-US East Coast, but the diversions around southern Africa have also affected routes not directly connected to the Red Sea.
  • New Saudi feeder line to tap into Red Sea-driven changes in demand
    Folk Maritime's stated goal is to "fill an essential void" in the regional maritime market, with its launch coinciding with heavily disrupted container shipping flows.
  • RK Logistics joins wave of 'tuck-in' acquisitions to reach East Coast
    As California-based RK Logistics' high-tech customers move east to new markets, the logistics provider is following by buying New York-based On Time Trucking.

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TradeWinds web site
FEBRUARY 28, 2024
  • Intermarine joins Jumbo-SAL venture to forge 50-ship 'powerhouse'
    JSI Alliance combines three companies' commercial activities and fleet of multipurpose and heavylift vessels
  • Fixing shuttle tankers is more lucrative than selling them, KNOT Offshore boss Lowe says
    US-listed owner is trying to find new employment for vessels but has not ruled out disposals
  • Samudera Shipping's second-half profit slumps 77% on weaker liner market
    Singapore-listed shipowner continues to modernise and diversify fleet to improve competitiveness
  • Capesize spot rates and futures shoot up as the cargo just keeps coming
    Average daily spot rates are tantalisingly close to $30,000 for capesizes
  • Washington sanctions first shipowner for supporting Houthis since terrorist designation
    Vessel accused of ship-to-ship transfer with another sanctioned tanker
  • Anglo American's new capesize dual-fuelled fleet clocks up over 30 LNG bunkerings
    Global miner marks handover of final ship in pioneering 10-vessel order
  • Shipping banks with 'firepower' see lending opportunities coming
    Shipowners can get good loan conditions as lenders compete
  • Happy shareholders? Analysts wait to see how Hafnia will use huge upcoming profit
    Pareto Securities tipping big pay-outs for investors in booming product tanker markets
  • 'Critical' capacity issue: Italian navy tenders for tanker to store and ship fuel
    Vessel will operate for navy for a year, before ownership transfer
  • Trading giant Trafigura makes VLCC debut with order at Chinese yard
    Global commodities trader turns to large tanker shipyard newcomer Jiangsu New Hantong for first ships
  • CoolCo expects LNG charter market 'bounceback' as shipping distances lengthen
    Charterers starting to rethink their requirements on back of Panama and Suez Canal disruptions
  • DHT confirms Hanwha VLCC double and reveals Hyundai order in potential $1bn eight-ship splash
    US-listed owner goes for super-eco tankers at South Korean yards with contracts including four optional vessels
  • Shipping investors facing tough choices, says Borealis' Toepfer
    Time to be defensive, Marine Money panellists say
  • Alleged Iranian spy ship gets by with a little help from Djibouti
    The vessel said to be feeding Houthis intelligence made a slight detour this month
  • Golden Ocean primed to pounce on expected spot rate rise following 'tug of war' 2023
    Analysts have praised the shipowner's 'strong' level of forward coverage for this year so far
  • Avance Gas bets on spot market by stretching variable rate VLGC deal with TotalEnergies
    John Fredriksen company aims to profit from lower fuel consumption and cheaper LPG bunkers
  • Clyde & Co 'failed to join dots' to spot failures in dirty money checks
    Tribunal gives reasons for record fine for law firm's shortcomings in anti-money laundering procedures
  • Shipyards 'agree to disagree' in $8m patent dispute
    Dispute between ropax shipbuilders is understood to be related to the structural design of a ferry
  • Podcast: Chemship installs Econowind sails and Norsepower grows as wind becomes 'the technology of 2024'
    On board Chemical Challenger as four suction sails fitted to help reduce fuel bills and greenhouse emissions
  • Expectations muted for Frontline profit but first quarter is when full tanker power will be seen
    Analysts say the 24 VLCCs bought from Euronav should transform earnings this year
  • Procopiou's Sea Traders extends newbuilding run with bulker quartet
    Shipowner lifts kamsarmaxes on order at Hengli Heavy to 14
  • ATL bulker arrested in India for hitting German boxship off Istanbul
    In what some claim is a legal first, vessel is held over collision that occurred 5,800 km away
  • George Procopiou's Sea Traders extends newbuilding run with bulker quartet
    Shipowner lifts kamsarmaxes on order at Hengli Heavy to 14
  • Avenir LNG sees 'explosive' bunkering demand exceeding ship capacity in early 2025
    Company targets top spot in LNGBV operation
  • Red Sea disruption and crash payout powers Awilco LNG to record profit
    LNG carrier owner expects a better rate for its first open ship this year
  • Missiles strike and damage stranded cargo ship in Ukraine
    The 34-year-old general cargo ship has been immobilised in Kherson for two years
  • Swedbank joins Poseidon Principles reporting as green lending momentum grows
    Swedish lender becomes 35th bank in group aiming to decarbonise their portfolios
  • VLCC newbuilding price hits 'post financial-crisis high' as DHT breaks Hanwha Ocean drought
    Owner is said to have ordered up to four scrubber-fitted ships
  • Houthi attacks on Red Sea shipping force VLGCs back to Panama Canal
    Cost of auction slots has risen sharply in February but remains below the peak of late 2023
  • London Greek stalwart Stathes Kulukundis dies aged 81
    Scion of one of Greece's best-known shipping families was a long-standing member of the GSCC
  • Hoegh family pockets $100m after cashing in on rising Hoegh Autoliners stock
    Family keeps leading shareholding position even after selling 6% of all shares
  • Class NK software house NAPA on the hunt for new partnerships
    NAPA Studios to help companies seeking new ways to work collaboratively on decarbonisation challenges
  • Ex-Hamburg Sud boss Hestbaek launches Red Sea container line amid vessel exodus
    Folk Maritime starts feeder services at dangerous time for ships in the region
  • Class NK software house NAPA launches on the hunt for new partnerships
    NAPA Studios to help companies seeking new ways to work collaboratively on decarbonisation challenges
  • Hoegh LNG sold out on FSRUs but looking at new projects in 'strong' market
    Company nets short-term charter for its conversion candidate Hoegh Gandria
  • Red Sea disruption and crash pay-out powers Awilco LNG to record profit
    LNG carrier owner expects a better rate for its first open ship this year
  • Houthis release photos of stricken Rubymar as Greek bulker reports missile attack
    Damaged ship's broker says owner is examining how to fix breach in hull
  • Golden Ocean confirms vessel sale and sizes up its dividend
    Bulkier owner has raised more debt to fund capital expenditure and keep paying out to shareholders
  • CoolCo meets headwind for LNG newbuildings charters as annual figures soar
    Company logs its highest time charter equivalent level in fourth quarter
  • Saverys' CMB.Tech stacks giant bulker orderbook with ammonia-fuelled newbuilds
    Saverys-backed company brings newcastlemax orderbook at Qingdao Beihai to 26 ships
  • Jovo Energy expands LPG play with $180m S&P deal
    Two VLGCs acquired from Fortune Oil are just a part of Chinese trader's seaborne capacity expansion
  • Samudera Shipping's second half profit slumps 77% on weaker liner market
    Singapore-listed shipowner continues to modernize and diversify fleet to improve competitiveness
  • Favourable exchange rates and rise in shipbuilding revenue lifts Yangzijiang's net profit
    Higher value contracts see Chinese shipbuilder's revenue increase despite lower number of deliveries
  • ATL bulker arrested in India for bashing German boxship off Istanbul
    In what some claim is a legal first, vessel held over collision that took place outside of Indian jurisdiction
  • Greek shipowners still dominate Red Sea transits, Veson Nautical data shows
    But the make-up of users has changed
  • The flaws at the heart of Russian shipping sanctions
    Tightening the screw on tanker operators hauling Russian oil could trigger a new scramble for available tonnage
  • MOL reveals carbon capture and e-fuel re-export plan in Japan and Australia
    Japanese owner teaming up with big hitters for circular green shipping plan

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American Shipper web site
FEBRUARY 28, 2024
  • Freightos loses $19M, eyes profit breakthrough in late 2026
    Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
  • OpenTug raises $3.1M to grow marine operator network
    Seattle-based OpenTug says it serviced over 3 million tons of marine cargo across 25,000 miles of U.S. marine highways in 2023.
  • Is Wall Street warming back up to containership line Zim?
    Spot rates are back above breakeven and Zim's costs are falling.
  • 25% more containers out of LA/Long Beach ports possible: ITS Logistics
    Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach.

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FROM THE HOME PAGE
The liner shipping industry contributes substantially to the U.S. economy.
Washington
This is highlighted by an analysis carried out by S&P Global Market Intelligence on behalf of WSC and PMSA
Toll worsens from explosion in Iranian port of Shahid Rajaee
Tehran
It caused 46 deaths and injured over 1,200 people
Tender for concession of container terminal at Ukrainian port of Chornomorsk to be announced by mid-year
Kiev
The management will include the general cargo terminal
CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
Istanbul/Marseille
Wärtsilä's first quarter is positive
Helsinki
New orders value growth slows
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
Task force of five associations for the relaunch of Italian rail cargo
Rome
Initiative by Agens, Assoferr, Assologistica, Fercargo and Fermerci
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
Le Aziende informano
Il retrofit ibrido-elettrico di ABB guida i traghetti dei laghi italiani verso un futuro più sostenibile
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
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
Antonio Ranieri is the new maritime director of Liguria
Genoa
He takes over from Admiral Piero Pellizzari who was discharged from the service upon reaching the age limit
In the first quarter of 2025, China's CIMC recorded a 12.7% increase in container sales
Hong Kong
Revenues grew by +11.0%
Last year, the revenues of the Chinese group CMPort increased by +3.1%
Hong Kong
In the first three months of 2025, port terminals handled 36.4 million containers (+5.6%)
The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
Genoa/Civitavecchia
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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