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04 April 2025 - Year XXIX
Independent journal on economy and transport policy
17:35 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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Terminal Intermodale Venezia, concession contract renewed
Terminal Intermodale Venezia, concession contract renewed
Venice
The duration of the agreement is 25 years. Investments of over 100 million euros are expected
Ahead of the election, Australia is arguing over who will oust China's Landbridge from the Port of Darwin
Darwin/Strathpine
Assurances to this effect were given by both Prime Minister Albanese and opposition leader Dutton.
US tariffs will cause a four percentage point reduction in the expected volume of world trade
Geneva
The World Trade Organization believes so
84% of new constructions ordered by the Italian navy will be built in China
Rome
Analysis by the Confitarma Study Center on the possible impacts of US duties on the national shipping industry
GNV ships will call at Algerian ports for the first time
Genoa
In summer, the weekly connections Sète-Algiers and Sète-Bejaia will be activated
Boluda Towage and Marsa Maroc to operate towage services in the new port of Nador West Med
Valencia
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Denton (ICC): Trump's tariffs pose a crucial challenge to rules-based trade governance
Paris
Rather, he stressed, multilateral solutions are needed to resolve the long-standing inefficiencies and inequalities in the global trading system.
Guerrieri appointed extraordinary commissioner of the Northern Tyrrhenian Sea Port Authority
Leghorn
The mandate granted by MIT has no expiration date
APM Terminals buys the Panama Canal Railway Company
The Hague
The company operates the railway line parallel and adjacent to the Panama Canal
Piloda plans a hub for ship repair, refitting and demolition in the port of Brindisi
Naples
Expression of interest for the reconversion and reindustrialization of the former coal power plant area
Kuehne+Nagel to handle spare parts logistics for Changan electric cars in the European market
Schindellegi
Agreement with the Chinese car manufacturer
A.P. Møller Holding submits offer to acquire entire share capital of towing company Svitzer
AP Møller Holding submits offer to acquire entire share capital of towing company Svitzer
Copenhagen
The Mærsk family investment company already owns 47.0% of the company
Public interest declared for MSC, Neri and Lorenzini's project for a new container terminal in Livorno
Slight annual growth in freight traffic in Italian ports driven by containers
Slight annual growth in freight traffic in Italian ports driven by containers
Rome
In the container segment, the strong increase in transhipments offset the decline in imports and exports
Turkey's Desan Shipyard in talks to take over Mangalia shipyard
Bucharest
The Tuzla plant is much smaller than the Romanian one
Six international shipping associations present a guide to planning safe navigation
London
TUI awards Fincantieri contract for two new cruise ships for Marella Cruises
Hanover/Trieste
Deliveries are scheduled for 2030 and 2032
ESPO urges EU and Member States to allocate funds to decarbonise ships and ports
Brussels
Earmarking Innovation Fund proceeds to stimulate demand for clean marine fuels
China Antitrust Launches Investigation into Hutchison Ports' Panama Terminal Sale
Beijing/Hong Kong
Panama Ports Company operates the Balboa and Cristobal ports
PSA posts annual revenue growth, but profits fall
Singapore
Sharp increase in operating costs across the board
Temporary Port Labor Supply Company in Cagliari Extended for Another 18 Months
Cagliari
In 2024, cargo traffic in Chinese seaports grew by +3.5%
Beijing
Increase of +6.9% in traffic with foreign countries. In the first two months of 2025, 1.75 billion tons were moved (+1.6%)
Chinese container maker CIMC posts bumper 2024
Hong Kong
Almost 3.6 million containers sold (+372%). Record revenues
Le Aziende informanoSponsored Article
AAL Shipping sceglie il sistema di consulenza marina di ABB per ottimizzare la flotta Super B-Class
In February, freight traffic in the port of Genoa fell by -4.4% and in Savona-Vado it increased by +24.5%
Genoa
Cruise and ferry passenger decline
ICS, Trump's proposed measures against Chinese ships risk having significant unwanted consequences, even for the US
Washington
Strong opposition to their introduction also expressed by the WSC
Intercargo, international measures for decarbonisation of shipping must be simple and clear
London
Gkonis: Must not compromise operational efficiency and smooth global transport of essential goods
Port of Barcelona invests 124 million to develop sustainable fuel traffic
Barcelona
Construction of three new moorings at Moll de l'Energia
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
In 2024, freight traffic in the port of Catania began to grow again. A decline in Augusta
Augusta
A total of 7.9 million and 23.0 million tons of cargo were handled
In 2024, the terminal operator HHLA recorded record revenues with a growth of +10.5%
Hamburg
Profit after taxes amounted to 56.4 million euros (+33.1%)
Launch of a public consultation for the updating of the PRPs of the ports of Genoa and Savona-Vado
Genoa
The involvement of territorial, economic and social communities is foreseen
ITU, ICAO and IMO highlight risks to maritime and air transport caused by attacks on satellite communications
Geneva/Montreal/London
London Government presents its strategy for decarbonising maritime transport
London
The measures for ports will be defined after a public consultation that will take place in the coming months
For security, military ships are not enough, merchant ships are also essential
London
TUI in talks with shipyards for two new cruise ships for Marella
Hanover
Slots available starting from the 2031 financial year
ANESCO, with the Port Employment Centers, accidents have decreased in the three main Spanish ports
Madrid
67% reduction in lost work days per year
Filt, Fit and Uilt, no to the transformation from "article 18" to "16" of the Livorno port company LTM
Leghorn
Unions ask port authority to block proliferation of new economic entities
Last year Fincantieri recorded record revenues and new orders
Last year Fincantieri recorded record revenues and new orders
Trieste
Folgiero: the first fruits of our strategy and industrial vision have been harvested
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
COSCO Shipping Holdings revenue increased by +44.8% in the fourth quarter of 2024
Shanghai
In the period, the container ships of the Chinese group's fleet transported 6.9 million TEUs (+13.1%). Containers on the Asia-Europe/Med routes fell
Porto Marghera, renewal of concession to Terminal Rinfuse Venezia
Venice
New 25-year contract. Investments of over 53 million euros expected
In the last quarter of 2024, container traffic alone increased in French ports
Paris
In the whole year, containers amounted to over 5.3 million TEU (+11.5%)
Carnival Sets New Low Season Quarter Records December-February
Carnival Sets New Low Season Quarter Records December-February
Miami
Positive outlook for the remainder of the 2025 financial year
Rail Losing Ground in Transalpine Freight Traffic Through Switzerland
Bern
In 2024, trains transported 25.7 million tons of cargo (-3.7%)
CK Hutchison's Port Division revenues grew by 10.8% last year
Hong Kong
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
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
Francesco Beltrano is the new general secretary of Uniport
Rome
He takes over from Paolo Ferrandino, who will continue to collaborate as a consultant
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
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
Decarbonisation of maritime transport will be faster in the EU and the US
DHL Acquires CRYOPDP
Bonn/Nashville
The company provides courier services for clinics and healthcare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Over a million to the port companies of Livorno and Piombino to acquire green vehicles
Leghorn
The ranking for admission to the PNRR-Next Gen Eu contributions has been published
COSCO Shipping Development Co.'s container sales increased by +204.1% in 2024
Shanghai
The related turnover increased by +124.0%
The call for funding for the purchase of electric vehicles in the ports of Genoa and Savona-Vado has been published
Genoa
Yang Ming Buys Three New 8,000 TEU Containerships
Keelung
They will be delivered between 2028 and 2029
Construction of a cruise ship for Regent Seven Seas Cruises begins in Marghera
Trieste
Fincantieri will deliver the unit in 2026
Federlogistica establishes operational offices in Spain and Brazil
Genoa
The aim is to go beyond theoretical cooperative relationships
Over a Ton of Cocaine Seized in the Port of Gioia Tauro
Reggio Calabria
If placed on the market it would have generated over 187 million euros
In 2024, the economic results of Interporto Padova reached record values
Padua
Revenues up +17%
Three ceremonies at the Saint-Nazaire shipyard for three new MSC Cruises ships
Geneva
New flagship "MSC World America" delivered
German railway company DB Cargo reduced losses in 2024
Berlin
Revenues down again. -9.0% drop in freight volumes
NovaAlgoma orders second 38,000 dwt cement carrier in China
Lugano
It will be taken over in 2027
Customs agreement between Italy and Brazil to facilitate trade
Brasilia
Mission of the Customs and Monopolies Agency in the South American nation
A team from La Spezia Container Terminal in Rotterdam to test advanced technologies
The Spice
ECT Hutchinson Ports Training Center Visited
The assembly of Genoese freight forwarders on Monday
Genoa
It will be held at the Palazzo della Borsa in Genoa
Assarmatori, in Italy the ferry segment cannot bear the burden of the EU ETS in a very fragile market situation
Brussels
Messina: Protecting shipping from the ideological excesses of the Green Deal
The website of the Port Authority Corps - Coast Guard has been renewed
Rome
It has become a single digital access point to documents and services
In 2024, inland waterway freight transport in Germany increased by +1.2%
Wiesbaden
The volume, at 173.8 million tonnes, is the second lowest since 1990.
APM Terminals Granted Port of New York - New Jersey Concession Renewal
New York
Contract for a period of 33 years. Investments of 500 million dollars are expected
Experimentation of crane automation has begun at the Interporto Padova terminal
Padua
The interport company awarded the "Industria Felix 2025 Award"
Container traffic in the port of Algeciras fell by -17.0% in February
Algeciras
Both import-export volumes and transhipment are decreasing
New cruise company Crescent Seas has been founded in Miami
Miami
The fleet, initially consisting of one ship from Regent Seven Seas Cruises, will grow to five units within the next five years
In 2024, the volume of vehicles transported by Wallenius Wilhelmsen's fleet decreased by -9.7%
Oslo
Traffic down on almost all global routes
Agreement between Assoporti and Assologistica and the Florida trade, transport and port authorities
Rome
It was signed today
In April a mission in Albania of The International Propeller Clubs - Italy
Genoa
It will take place on the 9th and 10th in Tirana and Durres
COSCO Shipping Ports revenues rose to a record $1.5 billion in 2024 (+3.3%)
Hong Kong
In the fourth quarter alone, a decrease of -3.0%
SO.RI.MA. (FHP group) granted a concession of an area of 125 thousand square meters in the port of Chioggia
Venice
Investments of 11.5 million euros expected over 25 years
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 public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
The annual conference "Programming, Operation and Management of Transport Networks" in Genoa
Genoa
It is dedicated to the transport and mobility sector
››› Meetings File
PRESS REVIEW
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
Govt. to woo top ten shipping liners in world for Colombo port expansion
(Daily Mirror)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Contship Italia’s intermodal network has been extended to the Gulf Terminal in La Spezia
Melzo
Connections with the inland terminals of Milan, Modena and Padua
Container traffic in the port of Valencia grew by +15.2% last month
Valencia
The overall volume of goods handled increased by +6.8%
The Northern Tyrrhenian Sea Port Authority obtains gender equality certification
Leghorn
It is the first Italian port authority to obtain this recognition
Container traffic growth weakens at ports of Los Angeles and Long Beach
Los Angeles/Long Beach
Last month, increases of +2.6% and +13.4% respectively were recorded
Assarmatori, the Italian government's position on the impact of the EU ETS on shipping and ports is good
Rome
Messina: fully understood the risks and distortions of European climate regulation
PSA Italy's Genoa port terminals awarded anti-corruption certification
Genoa
The UNI EN ISO 37001 standard defines the requirements for an effective anti-corruption management system
Assiterminal presents three projects for the sustainable transition of the Italian port sector
Rome
Work completed on docks 33 and 34 of the port of Civitavecchia
Civitavecchia
50,000 square meters of yards prepared
The completion and doubling of the Pontremolese is the dream-nightmare of the La Spezia port community
The Spice
Fontana: Money is not found when enormous resources are channeled into railway lines of dubious utility
Hanwha acquires 9.9% stake in shipbuilding company Austal
Sydney
Investment worth approximately 116 million US dollars
The European fleet is growing but competing fleets are growing at a faster rate
Brussels
Raptis (European Shipowners): investing ETS revenues in clean shipping technologies and fuels
Trasportounito has confirmed the national halt to the transport of goods
Rome
Proclaimed for the duration of five days from March 31st to April 4th
Container traffic in Hong Kong port increased by +9.1% in February
Hong Kong
However, for the second time in the last 25 years, cargo volume was below one million TEU.
Cargo traffic in Greek ports stable in Q3 2024
Piraeus
The increase in volumes transported on domestic routes has offset the decline in traffic with foreign countries
At the Vado Ligure container terminal a 21,000 teu container ship fully loaded
I go to Liguria
The 400-meter-long Cosco Shipping Nebula has landed
UIR proposes a permanent table for the development of intermodality
Verona
The main task is to build a project financing program.
Restructuring plan approved for Spanish company Armas Trasmediterránea
Las Palmas de Gran Canaria
Creditors' appeal rejected
The decline in cargo traffic at the port of Singapore worsened in February
Singapore
Containerized cargoes amounted to 27.4 million tons (-3.6%)
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