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24 April 2025 - Year XXIX
Independent journal on economy and transport policy
21:18 GMT+2
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August 30, 2024

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Exim India web site
AUGUST 30, 2024
  • PM to lay foundation stone for Vadhvan mega port project today
  • Maritime SheEO Awards 2024 calls for entries
  • Sarbananda Sonowal approves wage structure revision for workers of Major Ports
  • E-commerce export hubs projected to generate over 2.25 lakh new jobs; to transform logistics sector
  • New DFCCIL MD focusing on expanding Gati Shakti cargo terminals
  • IMO Secretary-General again calls for immediate end to the 'illegal, cowardly & unjustifiable' attacks on international shipping in the Red Sea
  • MoPSW's proposed maritime strategy dialogue aims to advance global maritime goals
  • Department of Economic Affairs amends Securities Contracts Regulation Rules, facilitating direct listing of securities by public Indian companies on International Exchanges of GIFT IFSC
  • GDP seen at 7.1 pc in Q1: SBI
  • Thermal coal imports seen picking up from Sept.

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International Transport Journal web site
AUGUST 30, 2024
  • Checking freight wagons as they roll past
  • Closing the Karinca Logistics merger
  • Thai Airways picks Indian GSSA
  • Containership fires trigger TT safety alert
  • Building an air-rail-road hub in Liège
  • DHL supports wastewater business
  • More responsibilities for Michael Jerogin
  • SAS emerges from restructuring proceedings
  • E-sail technology set to cut costs and emissions
  • Switzerland: increasing road safety
  • From the USA to Canada and back
  • Competec regroups
  • "Curiosity of the Day"
  • X2.3 to complete first hover flight
  • Tecplata expands capacity
  • ZTO Express to optimise its logistics network
  • Three e-trucks for Vienna
  • Supporting foreign personnel working in Japan

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The Loadstar web site
AUGUST 29, 2024
  • Transpacific rates war breaks out as new arrivals undercut major liners
  • Surcharges add up for parcel shippers - and there may be more to come
  • Dark skies - pain in the air down under
  • Arrival of new box ships and fewer blank sailings should ease port congestion
  • Railfreight round-up: Russia discounts; new locos for KTZ; UK fee waivers
  • Gemini's hub-and-spoke strategy will 'fuel demand for feeder vessels'

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Marine Log web site
AUGUST 29, 2024
  • VIDEO: Tymor Marine offers a new solution for performing draft surveys
    For centuries, draft surveys-an essential measurement to determine the weight of a vessel and its cargo-have been conducted manually, relying on the judgement of the human eye. This traditional approach is susceptible
  • Hempel introduces new Hempaguard Ultima hull coating
    Hempel has introduced a new two-layer hull coating system called Hempaguard Ultima. It combines the company's proven Hempaguard X7 with a new biocide-free silicone topcoat, Hempaguard XL, to prevent the growth of

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Container News web site
AUGUST 29, 2024
  • IRS-classed tanker MT Elgon ready for Lake Victoria operations
    The Indian Register of Shipping (IRS), a premier international classification society, announces the successful delivery of the Double Hull Oil Tanker 'MT ELGON' on 16 August 2024. Constructed by Mahathi Shipyard Uganda and adhering to IRS's rigorous classification standards, this vessel is set to operate on Lake Victoria, catering to Uganda, Kenya, Rwanda, and Tanzania. The 'MT ELGON' boasts a m
  • Maersk's methanol ship docks at LA's green APM Terminals Pier 400
    Decarbonizing supply chains gains momentum as land and sea integrate, with "Green Corridors" enhancing global connections. The arrival of Maersk's revolutionary methanol-powered vessel at Los Angeles' APM Terminals Pier 400 highlights the alignment of future-forward ships with cutting-edge terminals. In addition, APM Terminals, participating in a pioneering electrification pilot across eight loca
  • ONE introduces new services linking East Asia and Middle East
    Ocean Network Express (ONE) announced the launch of its new weekly services-"Gulf Asia Liner Express (GLX)," "Central China Middle East Express (CMX)," and "South China Middle East Express (SMX)"-which will connect East Asia with the Middle East. These new services will enhance coverage, boost connectivity, and increase frequency to Asia for this expanding trade route, complementing ONE's existin
  • Asia's container exports to Europe surge 8% in June
    In June, container exports from Asia to Europe reached 1.59 million TEUs, marking an 8% increase compared to the previous year, according to data compiled by the Japan Maritime Center (JMC) and provided by the U.K.'s Container Trades Statistics (CTS). This rise in shipments, driven mainly by increased exports from China, has continued to climb for 16 consecutive months. Breaking it down by origin
  • Global bunker indices trending up
    During Week 35, global bunker indices from MABUX experienced a moderate upward trend. The 380 HSFO index climbed by US$5.83 to US$529.18/MT. The VLSFO index saw a rise of US$16.99 to US$635.76/MT. The MGO index also gained US$6.07, reaching US$793.17/MT. "At the time of writing, there was no clear trend in the global bunker market," stated a MABUX official. The MABUX Global Scrubber Spread (SS)-t
  • TT Club urges unified action to combat rising container ship fires
    Following a recent series of fires aboard container ships, TT Club, an international freight and logistics insurance provider, has emphasized the urgent need for all participants in the global supply chain to ensure accurate and effective communication when transporting dangerous goods. The past four months have seen four major incidents involving container ships-two in port and two at sea-which
  • SeaLead relaunches Far East India Express 2 service
    SeaLead, a rapidly expanding global shipping line, is relaunching its Far East India Express 2 (FIX 2) service to boost connectivity between Central China and West India. The inaugural voyage is set for 12 September 2024. The FIX 2 service will provide a direct weekly route from Shanghai, with stops at Ningbo, Shekou, Nhava Sheva, and Mundra, skipping intermediary ports like Singapore and Port Kl
  • MSC buys all four of Safetrans' ships
    Safetrans Line, the China-based Russia-focused liner operator, has cashed out on all four container ships. The Panamax vessels, SFT Egypt, SFT China, SFT Saudi and SFT Turkey, have all been sold to the Mediterranean Shipping Company (MSC), which continues to build its lead over its peers. The sales price of the ships was not disclosed, although Linerlytica stated in its report this week that Safe
  • ESL expands Far East-Middle East network with enhanced services
    ESL has announced the revamp of the existing Galaxy (GLX) and Cosmos (CMX) services, along with the introduction of the new Sirius (SMX) service. Collectively, these services enhance overall connectivity between the Far East and the Middle East, providing the most extensive and in-depth coverage in the market. According to a statement, the Sirius service, named after the brightest star in the nig
  • CN analysis: Container freight rates out of India begin to trend down after strong gains in July
    Container freight rates on trades out of India have generally moderated in August with the exception of bookings to Europe, according to an analysis of market data for by Container News. On the westbound India-Europe trade, average spot rates for loads from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam in April have moved highe
  • AD Ports Group enters global top-20 after Noatum acquisition
    According to a recent industry survey by Drewry, AD Ports Group has made its debut in the global top 20 rankings of world port operators. Ranked 19th globally, this achievement highlights the expanding influence of AD Ports Group's ports business, which has grown significantly following new operating concessions and the 2023 acquisition of Noatum, a company managing 16 terminals in Spain. AD Port
  • Sea-Intelligence exposes ocean carriers' carbon calculators inconsistencies
    For the past 13 years, Sea-Intelligence has diligently analyzed the online carbon emissions calculators offered by ocean carriers, and over time, the firm has consistently uncovered significant discrepancies in the results these tools provide. "We did this exercise once again, focusing on Ocean Alliance, as all member carriers have publicly available carbon calculators. We specifically looked at
  • Top 5 Challenges of Studying Abroad and How to Overcome Them
    Studying abroad is an enriching experience that benefits any student by helping them adapt to new cultures and academic environments. However, it also comes with its own set of challenges. From culture shocks to loneliness, the hurdles faced can be daunting yet not insurmountable. Here is an account of the top five challenges faced by students studying abroad and how to overcome them. 1. Navigati

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Splash web site
AUGUST 29, 2024
  • Diana Shipping locks ultramax bulker into charter with Cargill
    New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Cargill for one of its vessels. Aquavita chartered the 2015-built, 60,508 dwt ultramax bulker DSI Pegasus for a gross charter rate of $15,250, minus a 5% commission paid to third parties, for a period until a minimum of June 1, ...
  • After leaving Vietnam, Equinor nixes Spain and Portugal offshore wind plans
    Norwegian energy giant Equinor has opted to cancel all its offshore wind projects in Spain and Portugal only days after the company closed its Hanoi office and departed from Vietnam. The decision comes as Equinor decided to reign in its spending and to prioritise capital. Another reason is the ever-rising costs tied to the offshore ...
  • What can we learn from the sinking of the Bayesian?
    Captain Kuba Szymanski, secretary-general of InterManager and a keen sailor writes for Splash today along with Jan-Erik Kruse, a professional airline pilot and yachtsman, offering a viewpoint on this month's high-profile superyacht tragedy off Sicily and the risks that come with blame culture, something that permeates across maritime. When the 56 m super luxury sailing ...
  • New e-methanol plant on the cards in Sweden
    Swedish power-to-fuel player Liquid Wind has been selected by German utility Uniper to develop a new e-methanol facility in Sweden to produce fuel for shipping and chemical industries. Located in the municipality of Östersund, the project called NorthStarH2 is expected to deliver more than 100,000 tonnes of e-methanol, Düsseldorf-headquartered Uniper said. Once operational, the facility ...
  • New careers await at Splash Jobs
    Summer holidays are coming to a close in the northern hemisphere and shipping is getting ready to get back to work. The end of August and the start of September often marks a significant churn point in shipping and offshore recruitment with many deciding for a career change. Over at Splash Jobs there are currently ...
  • Crew wages inspection campaign kicks off this weekend
    The Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control are set to launch a three-month joint concentrated inspection campaign (CIC) on crew wages and seafarers' employment agreements from September 1. During the CIC, non-conformities could result in recording of a deficiency, instructions for the master to rectify, or even detention of ...
  • Spar Shipping swoops on newbuild ultramax
    Norwegian dry bulk shipowner Spar Shipping has bolstered its fleet with a newly built ultramax. Multiple shipbroking outfits have identified the Bergen-based firm behind a resale deal worth slightly north of $38m for the 2024 Nantong Xiangyu-built Century Zhengzhou. The 63,600 dwt sister unit of Spar's recently delivered Spar Mira (pictured) was ordered in August ...
  • Romania bids to take over Moldova's only port
    The Romanian government is in talks to buy Moldova's only port, amid interest from a Bulgarian company. The Port of Giurgiulesti, officially the Giurgiulesti International Free Port, is a port on the Danube River at its confluence with the Prut. It is Moldova's only port accessible to seagoing vessels, situated at km 133 of the ...
  • TotalEnergies to power Culzean platform using floating wind
    French energy major TotalEnergies has launched a pilot project consisting of a floating wind turbine to supply renewable power to the Culzean offshore platform in the UK North Sea. The 3MW floating wind turbine will be located two kilometres west of the Culzean platform, 220 km off the eastern coast of Scotland. The turbine, expected ...
  • Lithuania to relaunch second offshore wind tender
    Lithuania's State Energy Regulatory Council (VERT) has set a new date for the second offshore wind auction in the Baltic Sea after the first attempt fell through in April due to a lack of interest. The repeated tender for the 700MW wind farm in the Baltic Sea is planned to be announced on November 18 ...
  • CoolCo seals one-year charter deal with energy major
    LNG carrier pure-play Cool Company (CoolCo) has secured a new charter deal for one of its TFDE vessels. The New York and Oslo-listed owner and operator said in its quarterly earnings report that an unnamed energy major had fixed the vessel for one year, with the charter starting in the third quarter of this year. ...
  • Houthis will allow salvage teams to attend to blazing Greek tanker
    Iran's mission to the United Nations said yesterday that the Houthis in Yemen will allow salvage teams to head to the badly damaged Sounion suezmax tanker in the Red Sea, and let it be towed. The ship was attacked multiple times by the Houthis in international waters between Yemen and Eritrea eight days ago. The ...
  • Indian dockworkers accept new pay deal
    The Indian government has announced a wage deal has been struck with dockworkers, ending nearly three years of negotiations. Port workers had threatened to go on strike indefinitely from yesterday if no pay deal was agreed. A previous pay contract expired in December 2021 There are around 20,000 permanent port workers employed across 12 major ...

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Lloyd's List web site
AUGUST 29, 2024
  • Cosco joins carrier ordering spree with $2.2bn methanol-powered ships
    With the latest deal, Cosco's containership orderbook capacity increases to about 800,000 teu, making it second only to MSC and...
  • Tanker surprise: Spot rates for exports of Canada's TMX down double digits
    Shipping loves stories about catalysts - about new cargo sources or new routings that will theoretically propel rates higher. Canada's...
  • Generali leads slip on Red Sea tanker blaze cargo
    Houthi attack designed to increase pressure on marine insurance markets, some underwriters suspect
  • Falsely flagged 'dark fleet' tanker sold for scrap after being banned from UAE waters
    Sale to undisclosed breakers at discounted price valued the tanker at $9m. The UAE banned all Eswatini-flagged tankers from its...
  • Russian traders give ships a 'Bosporus paint job' to conceal identities
    Rough-and-ready concealment of hull details seen escalating this year at chokepoint, as ships laden with grain and oil from Russian...
  • State funding critical to future of Portland's container terminal
    The US container terminal was saved from closure after intervention from Oregon's governor, but long-term investment and a third-party operator...
  • Hanwha Ocean seals South Korea's first US Navy MRO contract
    The deal is expected to help the US restore maritime power with the help of its South Korean ally
  • BIMCO forecasts better 2024, weaker 2025 for tankers
    Rebounding oil demand will help this year, but new ships and a (possible) return to shorter routes will boost supply...
  • Brunei's China-backed Muara port starts expansion with $280m investment
    Brunei launched its first direct container shipping route to China in the past year, connecting Muara with Qinzhou
  • The week in charts: Israel port volumes fall | Containership data signals very strong August for Los Angeles | Suezmax and aframax lead tanker newbuildings
    Israeli authorities are seeking to reassure the shipping community that its ports are safe despite the war, data shows cargo...
  • Red Sea volatility pushes CSSC Shipping first-half profit up by 23%
    Lessor CSSC Shipping sees positive prospects ahead as the US Federal Reserve looks set to start an easing cycle. The...
  • Seacon first-half profits double on tankers bet
    Buoyant Seacon foresees continuing demand in the chemical product and related logistics segment in the future. It will keep an...
  • The week in bunkers: Will Amsterdam spoil ARA mass flow meter party?
    Amsterdam has no plans to make mass flow meters mandatory in bunker deliveries, diverging from Rotterdam and Antwerp-Bruges
  • Daily Briefing
    Nobody taking responsibility for potential Sounion oil spill costs | Nauru rejects flag hoppers amid US crackdown on sanction-busting shipowners...

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The Journal of Commerce web site
AUGUST 29, 2024
  • Carriers to deploy 'extra-loaders' to Los Angeles-Long Beach amid import surge
    The added capacity - 14 extra-loaders at each port -- comes amid peak season demand and an anticipated boost in discretionary cargo diverted from ports along the US East and Gulf coasts as shippers protect themselves from potential longshore labor disruption.
  • Expected trade growth, inventory restocking to buoy H2 market: Cosco Shipping
    The carrier said it was "cautiously optimistic" about business prospects in the second half of the year, while acknowledging that a "complex geopolitical situation," delivery of new capacity and rising costs could provide headwinds in the coming months.
  • US shippers increasingly uncertain about Q4 revenue, orders: industry survey
    The BlueGrace Logistics Confidence Index shows an uptick in negative sentiment about revenue and orders in late 2024, despite gains in freight volume this summer.
  • California clean air rules imperil potential LA-LB port relief valve
    State environmental regulations could derail, or at the very least stall, a BNSF rail project promising to reduce pressure on Southern California ports.
  • FMC upholds shipper retaliation ruling against Hamburg Sud
    The US maritime regulator said the ocean carrier did not simply have a contractual dispute with a shipper but instead clearly violated the US Shipping Act.
  • Container shipping market continues to be reset by ongoing Red Sea crisis
    The longer the bigger and more established carriers divert away from the Suez, the more we will see niche carriers solidify not only their financial position but also their customer relations in the region, writes analyst Lars Jensen.
  • Canadian truck rates remain elevated following rail shutdown
    It may take a week or more for the trucking disruption caused by last week's brief Canadian rail stoppage to stabilize and for long-haul intra-Canada spot rates to drop.
  • LA-LB rail dwells on the rise as port complex enters height of peak season
    While some customers worry rail container dwell times could worsen, port stakeholders say they are accustomed to the ebb and flow and can manage the recent import surge.
  • CMA CGM Air Cargo launches trans-Pacific flights from Hong Kong to Chicago
    The service comes as air freight rates out of Hong Kong have stabilized but are still approximately 20% higher than this time last year, according to the Baltic Air Index.
  • Container shipping navigates new hurdles in bid for a green fuel future
    Maersk's recent big order of dual-fuel ships - some of which will be powered by LNG - illustrates the quandary the carrier, and by extension container shipping, is currently in when it comes to achieving a zero-carbon future, writes Peter Tirschwell.
  • US shippers expanding private truck fleets to haul more of their own freight
    Private fleets owned by shippers are increasingly hauling freight once moved by for-hire carriers, and those truck counts are expected to keep expanding, according to an industry survey.
  • Portland pushing for third-party container terminal operator by January
    The port is looking to employ the landlord model used at other West Coast ports that would allow a private operator to manage the T6 terminal's daily operations and market the facility to ocean carriers and shippers.
  • Chipolbrok expands MPV fleet amid flurry of new orders in sector
    A Journal of Commerce analysis reveals that the average age of MPVs now trading globally is rapidly approaching 20 years, with almost 12% of vessels 25 years or older.
  • Canadian rail workers back on job after failed challenge to binding arbitration
    Despite workers returning to their jobs, the brief work stoppage will impact freight flows in Canada and the US for a few weeks.
  • Capacity boost on trans-Pacific pushes carriers to compete for cargo
    Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting.
  • High container rates, port congestion entice some shippers back to MPVs
    Most of the recent interest from shippers is for mode-malleable cargo - freight that can be easily switched between breakbulk and container modes.
  • Healthy work orders come with turbine troubles for some wind manufacturers
    While manufacturers remain optimistic for the longer term thanks to hefty order backlogs, they have faced recent headwinds in the form of project slowdowns, rising interest rates, higher commodity costs and, in some cases, defective turbines.
  • OOCL/Cosco to inject tonnage into new CMA CGM India-USEC string
    Hong Kong-based OOCL will contribute two vessels to the rebranded Indamex service that CMA CGM kicked off last week as a standalone operation after relinquishing its long-time consortium arrangement with Hapag-Lloyd.
  • North American cargo crime takes big jump as thieves get more organized
    The wave of cargo thefts hitting the US and Canada grew rapidly in the first half of the year as criminals became more sophisticated, a study from risk management firm Overhaul shows.
  • Canada's Labour Minister orders end to rail work stoppage via binding arbitration
    The directive came about 17 hours after Canadian National Railway and Canadian Pacific Kansas City locked out more than 9,000 workers early Thursday, snarling supply chains for US and Canadian businesses that rely on trains to transport their cargo.
  • Ocean carriers reviewing Western Canada calls amid rail lockout
    The Port of Vancouver is still berthing ships for now, but ocean carriers are reviewing future calls due to the potential for congestion caused by the Canadian railroad work stoppage.
  • UP joins peers in assessing peak season surcharges for Southern California
    Demand for domestic containers in the region has exceeded all other North American markets and intermodal providers believe more volume will be coming their way in September.
  • Canada rail shutdown squeezing truck capacity, including cross-border supply
    There's not enough truck capacity to haul the volume carried by CN and CPKC in Canada, and that's causing a dislocation of truck supply across the country and on the US border.
  • OOCL H1 profit falls, but no signs of slowing headhaul demand
    The Cosco subsidiary said its ships on the trans-Pacific and Asia-Europe trade lanes are fully loaded with volume secured at high rate levels.
  • Supply chain transparency mandate looms over customs brokers' technology plans
    A range of supply chain mapping and risk management tools have emerged in the past decade, many aimed at customs brokers and third-party logistics providers.
  • Canadian ports, liner operators bracing for rail strike impact
    Canada's western ports have little capacity to handle idled intermodal cargo should railroad workers strike, but eastern ports have more space to manage any delays.
  • Refurbishments, new projects driving Gulf of Mexico wind cargo uptick
    Ports along the US Gulf are beefing up infrastructure, equipment, capacity and dock strength to handle king-sized onshore turbines.
  • Asia-Europe ocean market seasonality 'kicking in': BCO network
    Many European shippers are locked into the peak season that will extend the high volume of Asian imports through the third quarter despite the early movement of orders to mitigate disruption from the longer Red Sea routing.
  • India-US carriers drop August rate hike plans as market begins to resettle
    As competitive pressures build from a capacity boost on the trade lane, carriers are said to be extending significantly lower rates to their select customers, generally with a validity of one or two weeks.
  • Technology, imports drawing logistics investment to Phoenix
    A key inland transportation market is growing as companies from Class I railroads to specialized logistics firms chase freight and expand in Arizona's "Silicon Desert."
  • Intermodal providers prep for peak season uptick in Southern California
    Peak season surcharges are in play this year amid the demand bump, but the average shipper should still be saving money on the rails compared with trucking on business out of the region.
  • US CBP increasing scrutiny of customs brokers as e-commerce exposure rises
    A flood of duty-free shipments from Asia has upped the ante on brokers having broad knowledge of the upstream supply chains used by their importer clients.
  • Hamburg's H1 volume ticks lower despite solid US trade growth
    Slowing trade with China and carriers adjusting port schedules were factors behind a drop in first-half volume at Europe's third-largest port.
  • Restocking begins on trans-Atlantic ahead of potential labor disruptions
    The first signs of US importers beginning to advance shipments from Europe to get ahead of possible terminal closures along the US East and Gulf coasts at the end of September are being reported by carriers and forwarders.
  • Tacoma marine terminals grappling with heavy import rail congestion
    Container lines calling in Tacoma say the congestion is being caused by a surge in import volumes and a shortage of rail cars that is likely to last at least through August.
  • US port strike would have Red Sea-like 'global impact': ZIM CFO
    A prolonged work stoppage at ports along the East and Gulf coasts would put global shipping under stress in a manner similar to the forced vessel diversions around southern Africa, Zim's Xavier Destriau told the Journal of Commerce.
  • Procurement software acquisition gives Freightos deeper contract freight reach
    Most of Freightos' traction in air and ocean freight procurement has centered around spot pricing, but the purchase of Shipsta will give it access to contract data from enterprise shippers.
  • Canadian railroads start scaling back business ahead of potential work stoppage
    A shutdown of Canada's two freight railroads would not only impact loads in that country, but also cross-border traffic to US destinations such as Chicago.
  • Scrapping of Swedish e-fuel plant a setback to net-zero push: Methanol Institute
    The fuel that would have been produced at the Ørsted plant was meant to provide a vital contribution to the supply needed in the coming years to power the fast-growing methanol-enabled fleet.
  • Air cargo shrugs off seasonality to ride wave of e-commerce demand
    Chinese online marketplaces have hit on a rich vein of business-to-customer volumes, with the current boom in international air freight driven by cross-border e-commerce rather than a recovery of traditional manufacturing.
  • Ro/ro cargo rates rise despite falling demand
    Major roll-on/roll-off carriers reported climbing net rates in the first half even as demand for machinery and rolling stock faltered and a congested shipping market tightened capacity.
  • Trans-Pacific rate push tests health of early peak season
    Carriers on Thursday announced general rate increases of $200 to $400 per FEU, although forwarders say the GRIs could deteriorate quickly due to options such as voyage-specific "bullet" rates and lower pricing offered by non-alliance carriers.
  • Potential strikes could upset muted trucking outlook
    Disruption to inland supply lanes and the location of truck capacity would be possible if rail and port strike threats prove real, analysts told a Journal of Commerce webcast.

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TradeWinds web site
AUGUST 29, 2024
  • Analysts underwhelmed by NAT's prospects despite earnings beat
    Two researchers reduce price targets on expectations for softer third-quarter rates
  • QatarEnergy's long-delayed US LNG export project seeks three-year extension
    Bankruptcy of main contractor adds to setbacks at Texas LNG plant
  • VLCC rates plunge to lowest point of 2024 as Unipec fixture draws Middle East down further
    August gains erased but futures still point to stronger winter
  • European Maritime Finance confirms Atlas order for three ammonia carriers
    Order worth $372m set to deliver by end of 2027
  • Maersk CEO calls for IMO action as Olympic snowboarder names methanol-fuelled ship
    Liner giant's chief calls for IMO to adopt Green Balance Mechanism policy
  • Brussels turns screw on shipping's polluters after anticlimactic carbon trading rules
    Brussels' law enters into force in January, but it is already having an impact
  • CoolCo eyes short-term winter play before long-term hire for LNG newbuilding
    Exit of just 40 steam turbine ships needed to balance market
  • Only way is up: Nordic American Tankers bullish on suezmax market after profit dip
    Boss Herbjorn Hansson talks up million-barrel sector due to low ordering levels
  • Vanguard of shipping companies invest in green fuel production
    Blue-chip names put money into start-ups to make the technology possible
  • Dividend arms race in product tankers playing out with one major player missing in action
    Streetwise takes a look at how the robust clean market has spurred shareholder payouts
  • Brussels turns screw on shipping's polluters after anti-anticlimactic carbon trading rules
    Brussels' law enters into force in January, but it is already having an impact
  • Russian state shipowner Sovcomflot sees profit slashed amid sanctions squeeze
    Shipowner still trying to overcome 'emerging challenges' from Western measures over Ukraine war
  • 'Capital custodian' Cadeler choosy with new business as client calls come in
    Just because you have the opportunity to do something doesn't mean you should, offshore wind giant's boss tells TradeWinds
  • Why electric car production in China is helping boost the coffers of capesize bulker owners
    Bauxite shipments hit a monthly record, and China has been sourcing the ore from unconventional destinations
  • Small container ships eye bonanza from liner sector's next big shake-up
    Upcoming Maersk and Hapag-Lloyd tie-up bodes well for vessel demand, says MPC Container Ships chief executive
  • US sanctioned LNG carrier heads to giant Russian FSU amid offloading speculation
    Will two shadow vessels discharge their Arctic LNG 2 cargoes for storage?
  • 'We can walk and chew gum': Oystein Kalleklev mulls future of Avance Gas
    Discussions are underway on sale or charter of remaining vessels, as well as mergers
  • Speculation mounts over sanctioned carriers offloading LNG at Russian storage units
    Will two US-sanctioned vessels discharge their Arctic LNG 2 cargoes for storage?
  • Tug action steps up around Russian FSU amid offloadings speculation
    Will two US-sanctioned vessels discharge their Arctic LNG 2 cargoes for storage?
  • Tanker bookings in focus as Fearnley tips earnings miss for Frontline
    Investment bank believes higher number of ballast days for former Euronav VLCCs will hold back giant owner's profit
  • VLCCs keep taking a beating as charterers strengthen chokehold on market
    VLCC time-charter equivalents slipped by more than $2,000 per day on Wednesday
  • Maersk lines up $6.6bn order run as LNG-fuel pivot takes shape
    Company pencils in a raft of up to 62 newbuildings and chartered vessels at South Korean and Chinese yards
  • Ernst Russ reveals collision and grounding incidents as ship sales boost profit
    German owner details off-hire and repairs in otherwise smooth first half
  • Awilco-backed IWS clinches fleet refinancing worth €187m
    Offshore wind vessel owner has debt in place ahead of delivery of four new ships
  • Helix Energy scores $786m Petrobras charter for offshore duo
    US operator scoops three-year deals in Brazil for well intervention vessels
  • Dramatic pictures show fire burning on tanker hit by brutal Houthi attack. Oil still onboard
    EU naval force does not play down risk of a Red Sea catastrophe
  • Investors 'too cautious' on bulker company stocks, Clarksons says
    Analysts say next to no fleet growth in coming years will keep markets healthy
  • CoolCo offers in its next up LNG newbuilding in ongoing tenders
    'Drawn-out' dry-docking along with lower charter rates and management fees hit figures
  • Pacific Basin finance chief heads for exit after little more than a year
    Hong Kong bulker specialist starts hunt for successor
  • Trafigura strikes biofuels deal with John Fredriksen venture in drive to tackle upcoming EU rules
    Supply agreement could provide any of the 300-ships wet freight book with low-carbon fuel
  • Houthis agree to give tugs access to damaged Delta tanker in Red Sea
    Yemeni rebel group says latest move is being made out of consideration for humanitarian and environmental concerns
  • Expanding Hong Kong owner Seacon sees first-half profit triple
    Nearly 18 months on from its IPO, shipowner's growth trajectory remains on course
  • Aframax tanker tied to dark activities sold for recycling at very low price
    Brokers say increasing number of older dark fleet tankers are being circulated for scrap sale but few will buy them

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American Shipper web site
AUGUST 29, 2024
  • Former Polar Air Cargo executive receives 18-month jail sentence
    A former executive at Polar Air Cargo received jail time as punishment for defrauding the company.
  • Atlas Air to invest in Anchorage base expansion as e-commerce surges
    Freighter operator Atlas Air is ready to invest in a major expansion at Alaska's Anchorage airport that would potentially allow it to conduct cargo transfers there for the first time.

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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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