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Independent journal on economy and transport policy
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BRIEFS
November 12, 1998
Shipping Timesweb site
Shipping News
  • Former S'pore Cosco chief named group's president
    He will lead conglomerate's reorganisation to gain more autonomy
  • Congestion surcharge imposed on Madras stays
  • Italian firm to study major Manila port project
  • K Line's pre-tax profit down, hit by higher operating costs
Air and Land Transport
  • PAL accepts Cathay's initial proposal for capital injection
    Work on rehabilitation plan for airline expected to take many weeks
  • Rivals urge US govt to reject BA-American deal
  • SIA to increase capacity on services to China
  • Boeing snatches back lead in aircraft orders from Airbus
  • Airbus forecasts 50% market share for this year
  • Auckland Airport passenger traffic up
  • FedEx to expand trucking operations if pilots strike
Features
  • Fruit of a worldwide effort
    Sept 11 launch of SIA's new product and service features came from two years of intensive research and work
Columns
  • Knud I Larsen director reflects on shipping's biggest changes

Shipping Timesweb site
Shipping News
  • Former S'pore Cosco chief named group's president
    He will lead conglomerate's reorganisation to gain more autonomy
  • Congestion surcharge imposed on Madras stays
  • Italian firm to study major Manila port project
  • K Line's pre-tax profit down, hit by higher operating costs
Air and Land Transport
  • PAL accepts Cathay's initial proposal for capital injection
    Work on rehabilitation plan for airline expected to take many weeks
  • Rivals urge US govt to reject BA-American deal
  • SIA to increase capacity on services to China
  • Boeing snatches back lead in aircraft orders from Airbus
  • Airbus forecasts 50% market share for this year
  • Auckland Airport passenger traffic up
  • FedEx to expand trucking operations if pilots strike
Features
  • Fruit of a worldwide effort
    Sept 11 launch of SIA's new product and service features came from two years of intensive research and work
Columns
  • Knud I Larsen director reflects on shipping's biggest changes

Shipping Timesweb site
Shipping News
  • Former S'pore Cosco chief named group's president
    He will lead conglomerate's reorganisation to gain more autonomy
  • Congestion surcharge imposed on Madras stays
  • Italian firm to study major Manila port project
  • K Line's pre-tax profit down, hit by higher operating costs
Air and Land Transport
  • PAL accepts Cathay's initial proposal for capital injection
    Work on rehabilitation plan for airline expected to take many weeks
  • Rivals urge US govt to reject BA-American deal
  • SIA to increase capacity on services to China
  • Boeing snatches back lead in aircraft orders from Airbus
  • Airbus forecasts 50% market share for this year
  • Auckland Airport passenger traffic up
  • FedEx to expand trucking operations if pilots strike
Features
  • Fruit of a worldwide effort
    Sept 11 launch of SIA's new product and service features came from two years of intensive research and work
Columns
  • Knud I Larsen director reflects on shipping's biggest changes

Shipping Timesweb site
Shipping News
  • Former S'pore Cosco chief named group's president
    He will lead conglomerate's reorganisation to gain more autonomy
  • Congestion surcharge imposed on Madras stays
  • Italian firm to study major Manila port project
  • K Line's pre-tax profit down, hit by higher operating costs
Air and Land Transport
  • PAL accepts Cathay's initial proposal for capital injection
    Work on rehabilitation plan for airline expected to take many weeks
  • Rivals urge US govt to reject BA-American deal
  • SIA to increase capacity on services to China
  • Boeing snatches back lead in aircraft orders from Airbus
  • Airbus forecasts 50% market share for this year
  • Auckland Airport passenger traffic up
  • FedEx to expand trucking operations if pilots strike
Features
  • Fruit of a worldwide effort
    Sept 11 launch of SIA's new product and service features came from two years of intensive research and work
Columns
  • Knud I Larsen director reflects on shipping's biggest changes

Sched Netweb site
  • September's external trade figures released
  • APSA succeeds in resisting new THCs
  • New cranes for Santos
  • U-Freight opens in Vancouver
  • Asian Sources and ACS form new partnership
  • EVA predicts rise in cargo transportation
  • ATA applauds passage of international treaty
  • Avia Presto experiences huge growth in cargo handling

Cargowebweb site
NOVEMBER 11, 1998
  • American Airlines not to Amsterdam and Moskou
  • Nedlloyd pools forces with Dan in UK
  • Sea-Land to charter Greek ships
  • KLM in alliance with Air Alps Aviation
  • Eleven percent ECT growth
  • Demand to close Amsterdam runway in bad weather

Cyber Shipping Guide - Ocean Commerceweb site
  • Safari to Enhance Service by Cutting Transit Times
  • HMM Extends Transatlantic Service Pact With MSC
  • Sea Containers' Earnings for 3rd Quarter Rise 35%

Marine Logweb site
  • European Commission to monitor newbuilding prices for unfair competition
    The European Commission's DGIII Directorate has published an invitation to tender for services to monitor the shipbuilding market in 1999 and to provide monthly, mid-term and final reports on the newbuilding contracts concluded in the period.
  • Daewoo set for $400 million cable ship order
    Daewoo Heavy Industries is reportedly poised to sign a contract to build l3 cable-laying vessels worth US$400 million.
  • GD completes take-over of NASSCO
    General Dynamics (NYSE: GD) has completed its purchase of NASSCO Holdings Inc.
  • Friede Goldman files for NYSE listing
    Friede Goldman International Inc. has filed an Original Listing Application for the New York Stock Exchange. The company's proposed first day of trading on the NYSE is December 1, 1998, and the company's new trading symbol will be "FGI."

Lloyd's Listweb site
  • Threat to transatlantic trade fuels renewed crisis for lines
    OCEAN carriers could find themselves on the frontline of a threatened transatlantic trade war, with dozens of European products targeted for punitive duties by the US, which is taking unilateral action over the European Union's banana import regime.
  • Holt names ACL board candidates
    TWO directors of Atlantic Container Line will be retained on the board that major shareholder Holt Group is proposing, writes Janet Porter.
  • US exports to Asia down 11%
    CARGO imbalances across the Pacific are worsening, with US containerised exports to Asia continuing to shrink while imports keep growing.
  • Bremen brokers create new firm
    BREMEN insurance enterprises Lampe & Schierenbeck and Buse & Schwartze have merged.
  • Cargill grain buyout to have worldwide repercussions
    A sense of inevitability surrounds Cargill's proposed buyout of Continental Grain's worldwide commodity busines.
  • German class society predicts 15,000 teu ships
    GERMANISCHER Lloyd has predicted that a new generation of containership leviathans are set to ply the world's trade routes in a little over 10 years, with nearly double the teu capacity of the current largest containership.
  • Hull premiums set for substantial rise
    SHIPOWNERS have been warned by a Norwegian expert they face substantial increases in hull insurance premiums, as marine insurers come to terms with heavy losses.
  • Storebrand profits hit by unrest in market
    NORWEGIAN insurance company Storebrand has blamed capital market unrest for a 37% erosion in nine-month consolidated profit, but said it was still financially strong.

Fairplayweb site
NOVEMBER 11, 1998
  • Salvarani quits EU safety post
    ROBERTO Salvarani, for seven years the head of the Europe's maritime safety campaign, has left his post to take charge of the transport directorate's Trans-European Network programme.
  • Sea Containers buys ferry business
    SEA Containers has announced it has signed a contract to acquire another ferry business, but "the company and the vendor have agreed to keep the transaction confidential until closing."
  • Italian second register attracts 200 ships
    MORE than 200 ships have applied to join the Italian International Register, according to Confitarma, the Italian owners' association.
  • Tea-for-oil deal resumed
    SRI Lanka is to buy $10-12m worth of oil from Iraq, and will resume sales of Ceylon tea, under a barter deal struck by a Colombo delegation that visited Baghdad last week.
  • Italian inland cruising expands
    INTEREST in cruising on Italy's inland waterways is growing, following the development of cruises on the River Po by a Swiss operator.
  • Subic Bay set to beat targets
    SUBIC Bay freeport has posted Pesos139m ($3.6m) in revenue for the first nine months of 1998, and looks set to beat this year's target revenue.
  • Philippines 'fines' SGS
    PHILIPPINES Customs Bureau is to deduct penalties for alleged valuation errors committed by Societe Generale de Surveillance from the firm's fee for next year.
  • Marine underwriting losses 'inevitable'
    SEVERE underwriting losses are now inevitable, according to Norway's Central Union of Marine Underwriters.
  • Shore jobs threatened claim owners
    FAILURE to develop an attractive career path will jeopardise the seafaring expertise needed to maintain related shore-based industries, Glasgow owners warned.
  • Port Klang terminals form alliance
    TWO of Port Klang's three container terminals have agreed a "strategic and operational alliance" to offer their services under a new "North Port" title.
  • Strike hits Hanjin shipyards
    WORKERS at South Korean shipbuilder Hanjin Heavy Industries started an indefinite strike yesterday.
  • FESCO plans $500m fleet renewal
    RUSSIA'S Far Eastern Shipping Co is planning to spend $500m to renew its fleet.
  • Knud I Larsen debts dwarf assets
    DANISH shipping company Knud I Larsen, which suspended debt repayments on October 28, has debts of Dkr1.57bn ($240m), while assets come to only Dkr 90m.
  • Cruise lines bewildered by booking slowdown
    CRUISE lines are reported to be bewildered by a slowing in bookings in the US market this winter.
  • Algoma hit by grain dearth
    LOWER grain shipments on the Great Lakes, increased shiprepair costs and depressed earnings have hit the third quarter results of Ontario-based Algoma Central Corp.
  • MUA claims Geraldton conspiracy
    A PLAN to sack wharfies in the Western Australian port of Geraldton is being tackled head on by the Maritime Union which is lodging conspiracy charges.

Daily Commercial Newsweb site
  • VCA in deep over surcharge
    The Victorian Channels Authority is searching for a more effective method of charging users of the recently deepened channels of the port of Geelong, following a virtual boycott by bulk trades operators which has seen larger vessels staying away in droves.
    Early this year after the $35 million project was completed, the VCA declared a new channel depth of 12.3 metres -- 1.3 metres deeper than previously -- and established a differential pricing structure to reflect use of the increased depth.
  • Botany back on even keel
    Productivity at Port Botany container terminals has returned to levels experienced prior to the dispute over the removal of crane chasers.
    All sources agree that the situation has improved over the past week, but stressed the need for those levels to be sustained.
    The commercial director of the New South Wales Road Transport Association, Terry Dene, confirmed that the level of complaints from his members had fallen, and has been taken as a sign of the general improvement in the situation.
    Truck operators have been among the most forceful critics of the Port Botany facilities.
  • Court to hear MUA claim
    The Federal Court will hold a hearing for the Maritime Union of Australia on Wednesday to assess its application for an injunction to stop the Geraldton Port Authority from making its stevedoring workforce redundant.
    The GPA, which has licensed Cooperative Bulk Handling, P&O Ports and WA Mercentile, to provide stevedoring at the port, will end its involvement in stevedoring on 31 December.
    The port has offered voluntary redundancies to its stevedoring workers and those who do not take up this option will be placed on the state government redeployment list.
    The MUA is modelling its action on its court case against Patrick Stevedores earlier this year.
  • Rail puts Toll ahead
    Transport giant, the Toll Group, told shareholders at yesterday's annual general meeting that group trading for the first four months of the 1998-99 financial year was above forecast and significantly ahead of the comparable period in the previous financial year.
    Toll managing director Paul Little said the performance of the Long Distance division had exceeded expectations, particularly its rail operations which continue to benefit from the restructure and cost reduction programs.
  • AWB backs private rail, but …
    One of the rail freight industry's biggest customers, the Australian Wheat Board, has thrown its support behind further privatisation of Australia's rail operations, saying the removal of regulation has lowered costs and improved Australia's international grain competitiveness.
    However, AWB representatives told a public hearing in Melbourne this week that issues associated with rail access, investment and infrastructure, and service and pricing levels still needed to be resolved.
    The AWB, which was giving evidence before the Productivity Commission inquiry into the "Progress in Rail Reform", also ruled out becoming a freight train owner and/or operator in the short-term.

Marine Linkweb site
NOVEMBER 11, 1998
  • Daewoo Wins $400M Order
    Daewoo Heavy Industries Ltd. has reportedly won a $400 million order to build 13 cable laying vessels for the CTR Group Ltd. of the United States.
  • EU Probes Capacity At Kvaerner's German Yard
    The European Commission is reportedly investigating whether the German Warnow Werft shipyard owned by Norway's Kvaerner is complying with capacity limits in return for EU subsidies.
  • P&O Nedlloyd Agrees To Cheaper Crew Deal
    P&O Nedlloyd has reportedly reached an agreement with seafarers' unions about its plans to replace 330 British and New Zealand seaman with cheaper crew.
  • CEFOR Warns Of Marine Insurance Losses
    The managing director of Norway's Central Union of Marine Underwriters (CEFOR), Tore Forsmo, reportedly warned insurers that losses are inevitable in marine insurance this year and premium rates must be raised to reflect exposures.
  • IUA Formally Launched After LIRMA Vote
    The International Underwriting Association of London (IUA) was formally launched after members of The London International Insurance and Reinsurance Market Association (LIRMA) voted in favor of a merger with the Institute of London Underwriters (ILU).
  • Worldscale Predicts Rates Will Fall In 1999
    Worldscale flat rates for oil tankers will reportedly fall by between five and seven percent next year.
  • Holt Group Wants To Take Active Role In ACL
    Privately-owned U.S. stevedoring and shipping company The Holt Group Inc. will reportedly propose taking a more active role in Atlantic Container Line AB.
  • Oslo Frets About Plans To Tow Ex-Soviet Warship
    Norway reportedly expressed concern about Russian plans to tow a rusting aircraft carrier, formerly the pride of the Soviet fleet, past its coast this winter bound for an Indian scrapyard.
  • U.S. Oil Industry Hopes For Asian Recovery By 2000
    The worst of Asia's economic woes could be over and a recovery could be under way by 2000, top U.S. oil executives, meeting at a major industry conference in San Francisco, Calif. reported. And they agreed that the oil industry -- the first industry outside Asia to suffer when Asian currencies and economies began crumbling in 1997 -- will still be in dismal shape if an Asian recovery doesn't start to take place by then.
  • Chevron Sale Marks End Of California Offshore Oil Saga
    Chevron Corp. reportedly agreed to sell its share of the Point Arguello offshore oil project -- the center of a decade-long fight with environmentalists in the 1980s and early 1990s -- along with the rest of its California offshore properties. The sale to privately held Venoco Inc. marks the end of a long saga for Chevron that began in 1981 with one of the largest U.S. offshore finds ever, off the California resort city of Santa Barbara, and led to a landmark struggle between the oil industry and environmentalists.

›››File
FROM THE HOME PAGE
PORTS
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
2.52 million tons were handled in Marina di Carrara (+16.5%)
PORTS
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
PORTS
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
PORTS
Container traffic at CK Hutchison terminals fell by -1% in the first six months of 2026.
Hong Kong
Excluding operations in Panama, volumes increased by +5%
PORTS
In the first half of 2026, freight traffic in the port of Hamburg decreased by -3.1%.
Hamburg
Containers amounted to four million TEUs (-3.7%)
SHIPPING
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
SHIPPING
Evergreen's net profit grew by 43.9% in the April-June quarter.
Taipei
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
SHIPPING
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
Copenhagen/Hamburg
The Danish company reports better quarterly performance than its German partner in Gemini Cooperation
PORTS
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
SHIPPING
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
ACCIDENTS
Two ships attacked in the Gulf of Oman and off the coast of Yemen
Southampton
A container ship was reportedly hit by an American helicopter
SHIPPING
The Northern Sea Route is not at all competitive with the sea route through Suez
Basel
Study by two researchers from Mokpo National Maritime University
SHIPYARDS
The auction on August 28 is expected to confirm Rheinmetall-MSC's interest in the Romanian Mangalia shipyard.
Bucharest
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
SHIPPING
In the second quarter, vessel traffic in the Panama Canal grew by +9.6%, but decreased significantly in June
Panama/Balboa
The ACP introduces new limitations on vessel draft and does not exclude reductions in the daily number of transits.
CRUISES
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
ACCIDENTS
More explosions in the Strait of Hormuz area
Southampton/Tehran
Iran-Oman negotiations continue, but reopening to ship transit still seems a long way off.
SHIPPING
Shipping associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
ACCIDENTS
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
LOGISTICS
Prologis makes $18.8 billion offer to buy Segro
San Francisco
The combination will create a European giant in the ownership and management of logistics properties
SHIPPING
In the April-June quarter, ONE recorded an improvement in financial performance
Singapore
During the period the fleet transported almost 3.3 million containers (+2.9%)
CRUISES
Global Port Holdings' revenues grew by 27% in the first half of this year.
Istanbul
Gross operating margin up 22%
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
SHIPPING
In the second quarter, naval traffic in the Suez Canal increased by +16.5%
Cairo
In the first half of 2026, growth was +14.0%
SHIPPING
In the second quarter of 2026, the Bosphorus Strait was crossed by 10,082 ships (+0.5%)
Ankara
In the first half of the year, naval traffic decreased by -0.5%
PORTS
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
RAILWAY TRANSPORT
In the first half of 2026, FS's freight transport segment recorded a -2.7% drop in operating revenues
Rome
Traffic volumes amounted to approximately 8.8 billion tonne-km (-7.3%)
PORTS
The EU ETS Observatory confirms that the emissions trading system is having a negative impact on EU ports.
Madrid
The proposed corrections are the broadening of the criteria for the designation of neighbouring container transhipment ports and a percentage reduction factor applied to the volume of CO2 emissions from ships.
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
CRUISES
Norwegian Cruise Line Holdings' revenues increased by 4.9% in the second quarter of 2026.
Miami
New historical record of passengers embarking on the fleet's ships
SHIPYARDS
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
PORTS
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
SHIPPING
The US think tank Open Markets Institute proposes the establishment of a public container shipping company
Washington
Rao: Today the United States depends on a cartel of six foreign shipping companies
CRUISES
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
SHIPPING
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PORTS
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
PORTS
In the port of Trieste, bulk cargo is increasing and miscellaneous goods are decreasing.
Trieste
In the first six months of 2026, traffic in Monfalcone dropped by 24.9%.
RAILWAY TRANSPORT
Fermerci, freight train transport production in Italy could fall to 2015 levels this year.
Rome
Map: We are faced with data that exceeds all expectations.
SHIPYARDS
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
SHIPYARDS
Two Indian shipyards included in the new EU list of ship recycling facilities proposed by the Commission
Brussels/Washington
Satisfaction of ECSA and World Shipping Council
SHIPYARDS
Hyundai and Siemens sign agreement for AI-powered shipbuilding
Washington
The goal is an autonomous manufacturing system in which all processes, including design, production, logistics, inspection and testing, are digitally connected.
ACCIDENTS
African Union condemns attacks on tankers in Red Sea claimed by Houthis
Addis Ababa
Youssouf: The security of Red Sea shipping lanes is of vital strategic importance for Africa
CRUISES
In Genoa, Fincantieri delivered the new cruise ship Explora III to Explora Journeys.
Genoa
"Explora IV" and "Explora V" will follow in 2027 and "Explora VI" in 2028.
PORTS
In the second quarter of 2019, bulk cargo volumes increased while general cargo volumes decreased.
Rotterdam
In the first half of 2026, 212.0 million tonnes of goods were moved (+0.4%)
PORTS
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
COMPETITION
The EU Commission opens an in-depth investigation into the Saipem-Subsea7 merger.
Brussels
Brussels considers the effects of the operation to be particularly critical, especially in the SURF market.
FREIGHT TERMINALS
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
INTERMODAL TRANSPORT
The Barcelona Port Authority will acquire 40% of Terminal Intermodal de Navarra.
Barcelona
The remaining 60% of the capital will remain with Hutchison Ports Best
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
PORTS
In the first half of this year, Chinese seaports handled 5.87 billion tons of cargo (+3.0%).
Beijing
New historical records for half-yearly and quarterly container traffic
PORTS
Ports of Italy: The issue of competences divides the reform.
Rome
At the Confitarma conference, Rixi defends the new national control room, while experts and operators ask for clarity on the relationships with the AdSPs and on the resources of the new company.
LEGISLATION
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
ACCIDENTS
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
SHIPPING
ECSA considers the proposed revision of the EU ETS to be a first step, but many others should follow.
Brussels
Raptis: It's a good idea to allocate system revenues at EU and national levels to support sustainable fuels.
PORTS
ESPO: No to lowering the EU ETS application threshold from 5,000 to 400 GRT vessels.
Brussels
Appreciation for measures aimed at reducing evasive ship calls
TRANSPORTATION
T&E welcomes some new proposals from Brussels for the EU maritime ETS
Brussels
The association is more critical of the measures studied by the EU Commission for the aviation sector
SHIPPING
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
TRANSPORTATION
EU Maritime ETS: The European Commission partially accepts shipowners' requests.
Brussels
A new €110 million fund for clean fuels, non-permanent exemptions extended to 2035, an IMO deduction mechanism, and crackdowns on "evasive" transshipment ports.
ACCIDENTS
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
PORTS
Port of Gioia Tauro: First connection of a large container ship to the cold ironing system
Gioia Tauro
The ship "MSC Mirja" powered with a total power of approximately seven MW
PORTS
In the second quarter of 2026, freight traffic in the port of Antwerp-Bruges decreased by -2%.
Antwerp
Dry bulk volumes recovered and rolling stock increased. Other sectors declined.
PORTS
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
ACCIDENTS
US forces struck the VLCC Belma sailing towards Iran's Kharg Island.
Tampa
It is operated by the Emirati Max Maritime Solutions which is subject to US sanctions
PORTS
In May, freight traffic in the port of Genoa was stable, while in Savona-Vado it decreased
Genoa
In the first five months of 2026, containers amounted to 1,199,914 TEUs (-2.8%), of which 999,228 (-1.4%) and 200,686 (-9.2%) were handled by the two ports respectively.
CRUISES
Turkey's GIH acquires Royal Caribbean's stakes in Kusadasi and Lisbon cruise terminals
Istanbul
Shareholdings rose to 99.99% and 60% respectively
PORTS
In the first half of the year, Russian ports handled 451.5 million tons of cargo (+5.8%)
St. Petersburg
Record traffic in the second quarter
Trump backtracks on 20% tax on ships passing through Hormuz under US protection
SHIPPING
Trump backtracks on 20% tax on ships passing through Hormuz under US protection
Washington/Southampton/Rotterdam
Meanwhile, another tanker, the "Stolt Magnesium", was hit by a missile near Oman
SHIPPING
European shipowners call for permanent derogations from the EU maritime ETS after 2030
Brussels
Exemptions for connections with islands and outermost regions, for polar class vessels, for transnational public service obligations and for search and rescue activities
RAILWAY TRANSPORT
The rail sector is calling for recognition of its contribution to decarbonisation in the EU ETS review.
Brussels
ACCIDENTS
Two VLCCs operated by the UAE's ADNOC were attacked in the Strait of Hormuz.
Abu Dhabi/Tampa
US Central Command announces reinstatement of blockade on maritime traffic in and out of Iranian ports
SHIPPING
Trump announces a tax on goods passing through the Strait of Hormuz protected by the US
Washington/Portsmouth
Expected to be equal to 20% of the value of the transported loads
SHIPPING
Six-monthly vessel traffic in the Straits of Malacca and Singapore increased by +3.7%
Port Klang
In the second quarter of this year alone, a decrease of -0.5% was recorded
SHIPPING
In May, naval traffic in the Suez Canal increased by +15.0%
Cairo
In the first five months of 2026, 5,696 ships passed through the port (+12.7%)
SHIPPING
OOCL records sharp increase in containers carried by its fleet
Hong Kong
In the April-June quarter, revenues generated by this activity grew by +19.8%
ACCIDENTS
Strait of Hormuz, a container ship was attacked near the coast of Oman
Muscat/Portsmouth/New Delhi/Tampa
Fire on board. One crew member missing. 23 other sailors rescued.
PORTS
Container traffic at HHLA terminals decreased by -8.0% in the second quarter
Hamburg
Revenues increased by 2.5%. Operating costs increased by 5.7%.
PORTS
The Livorno Port Authority creates an internal task force for the Darsena Europa project.
Livorno
The aim is to ensure a unified coordination with the commissioner structure that follows the project
COMPANIES
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
INDUSTRY
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
SHIPPING
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
PORTS
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
SHIPPING
The Grimaldi Group has taken delivery of the Grande Pacifico
Naples
The vessel is the first of five new sister PCTCs with a capacity of 9,800 ceu
COMPANIES
In 2025, the Fratelli Cosulich group's revenues amounted to 1.9 billion euros (-11.5%)
Genoa
Net profit of 20.0 million euros (-3.0%)
MOURNING
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
PORTS
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
PORTS
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
PORTS
Acceleration of the redevelopment process for the former CIVAM area in the port of Vibo Valentia Marina
Vibo Valentia
The area will be transformed into new yards for commercial logistics
COMPANIES
Maersk Group sells Maersk Training and Maersk H2S Safety Services
Copenhagen
They will be sold to the US Open Gate Capital, specialized in industrial carve-out operations
PORTS
In the April-June quarter, the port of Venice handled 6.3 million tons of goods (-1.2%)
Venice
Cruise passengers down by -15.3%
PORTS
In the second quarter, freight traffic in the port of Ravenna recorded a sharp increase of +10.9%
Ravenna
In the first six months of 2026 the increase was +5.9%
LOGISTICS
DP World acquires six GXO logistics sites in the UK
Dubai
186,000 square meters and 2,000 employees change hands: this is the transfer imposed by the British Antitrust for the acquisition of Wincanton
LOGISTICS
DHL soars in the second quarter, but not everywhere
Bonn
Revenue and EBIT in double digits. Express performed well, while Supply Chain and Post & Parcel Germany fared less well.
SHIPPING
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
PORTS
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
SHIPPING
GNV will activate a third maritime service to Algeria on Saturday
Genoa
The Civitavecchia-Annaba line will complement the existing routes from Sète to Algiers and Bejaia.
SHIPPING
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
ACCIDENTS
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
PORTS
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
PORTS
Container traffic at the Port of New York grew by 1.6% in the second quarter
New York
In the first six months of 2026, 4.43 million TEUs were handled (+0.2%)
INTERMODAL TRANSPORT
HZ Cargo and Railtrans form joint venture for intermodal transport
Zagreb
The aim is to activate a traffic of over 500 thousand tons between the ports of Croatia and the markets of Central Europe.
PORTS
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
ACCIDENTS
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
SHIPPING
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
COMPANIES
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
PORTS
Fabrizio Marilli will be the new secretary general of the Central Adriatic Sea Port Authority.
Ancona
The Management Committee has approved the institution's budget adjustment
PORTS
The Western Ligurian Sea Port Authority has adopted the 2026-2028 Port Plan.
Genoa
Projections for 2028 indicate an increase of approximately 150 employees in the ports of the system
PORTS
The Southern Tyrrhenian and Ionian Sea Port Authority has approved the budget adjustment change.
Gioia Tauro
It records higher revenues and higher expenses of 1.69 million euros
EDUCATION
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
INTERMODAL TRANSPORT
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
TRANSPORTATION
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
ACCIDENTS
Another Saudi-owned Bahri ship attacked by Houthis in the Red Sea
Southampton/Sana'a/Riyadh
Yemeni militants' spokesman claimed responsibility for the attack on the chemical tanker "NCC Ghazal"
INFRASTRUCTURE
The final breakthrough of the two main tunnels of the Brenner Base Tunnel was achieved today.
Bolzano
The two construction sites are connected approximately 1,400 meters below the Brenner Pass
LOGISTICS
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
LOGISTICS
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
PORTS
Quarterly freight traffic increased at the ports of Algeciras and Barcelona. Valencia saw a decline.
Algeciras/Barcelona/
Valencia
Increase in containers at the Catalan port
COMPANIES
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
PORTS
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
PORTS
ICTSI acquires the ATU12 and ATU18 bulk terminals at the Brazilian port of Aratu.
Sao Paulo/Manila
They will be sold by SIMPAR for approximately 355 million dollars
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
INDUSTRY
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
PORTS
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
LOGISTICS
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
ASSOCIATIONS
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
PORTS
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
FREIGHT TERMINALS
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
INDUSTRY
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
OFFSHORE
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
LOGISTICS
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
ASSOCIATIONS
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
SHIPPING
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
EDUCATION
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
INDUSTRY
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
NEWS
Over 770 kilos of cocaine seized at the port of Vado Ligure
Savona
Once released on the market, the drug would have ensured criminal organizations profits of 250 million euros.
SHIPPING
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
ACCIDENTS
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
ACCIDENTS
Today a new attack on a ship in the Strait of Hormuz
Southampton
The product tanker Kavomaleas of the Greek company Dynacom Tankers Management caught fire
SHIPPING
Confitarma disappointed by the Commission's proposal to revise the EU ETS
Rome
Zanetti: The notable absentee is the competitiveness of the Italian and European shipping industry.
INTERMODAL TRANSPORT
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
PORTS
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
CRUISES
In the first half of the year, cruise traffic at GPH port terminals grew by +10.1%
Istanbul
In the second quarter alone the increase was +2.8%
PORTS
Western Liguria Port Authority approves 2026 budget update
Genoa
PORTS
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
INDUSTRY
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
PORTS
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
PORTS
Container traffic at the Port of Los Angeles increased by 3.4% in the first half of 2026.
Los Angeles
In the second quarter, growth was +11.5%
SEAFARERS
IMO and ITF call for an end to attacks on seafarers and transport workers
London
Resurgence of incidents in the Black Sea, Sea of Azov and the Strait of Hormuz region
PORTS
Container traffic in the port of Hong Kong grew by 0.2% in the second quarter of 2026.
Hong Kong
An increase of +6.5% was recorded in June
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
MEETINGS
The conference "EU-Mercosur Agreement: The Role of the Maritime Economy" will be held in Genoa on July 1st.
Genoa
It is organized by the Casa America ETS Foundation and the Western Liguria Port Authority
MEETINGS
The Federagenti assembly will be held in Civitavecchia on July 3rd.
Rome
Pessina: We will not discuss regulations, community relations, or the pursuit of theories and bureaucracy, but rather the challenges of Italian port infrastructure.
››› Meetings File
PRESS REVIEW
Empire buys back: After Tata, Adani can rewrite India's colonial past
(The Economic Times)
Govt does not interfere in port management appointments - Loke
(Bernama)
››› Press Review File
FORUM of Shipping
and Logistics
ASSITERMINAL
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
PORTS
Uiltrasporti is strongly opposed to the establishment of Porti d'Italia Spa
Rome
Verzari and Gulli: the AdSPs must be coordinated by a public body that can protect port workers
PORTS
CMPort sets new monthly, quarterly and half-yearly container traffic records
Hong Kong
In the first half of 2026, 78.3 million were moved (+4.6%)
PORTS
In the first half of this year, the port of Singapore handled 22.7 million containers (+4.7%)
Singapore
Historic record for half-year bunker sales
PORTS
Container traffic at the Port of Long Beach increased by 10.3% in the second quarter.
Long Beach
Growth of +1.7% was recorded in the first half of 2026
RAILWAY TRANSPORT
The new board of directors of Ferrovie dello Stato Italiane has been appointed.
Rome
Tommaso Tanzilli confirmed as president. Gianpiero Strisciuglio is the new CEO.
PORTS
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
PORTS
In the first half of 2026, cargo traffic in Turkish ports was 279.1 million tonnes (+1.5%)
Ankara
Cargoes with Italy alone amounted to 23.4 million tons (-2.5%)
SHIPYARDS
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
PORTS
NatPower Marine acquires Aqua superPower to accelerate the electrification of ports and marinas
Monk
It operates the largest international network of electric charging points in Europe.
LOGISTICS
European Logistics Observatory established
Brussels
The aim is to strengthen the competitiveness, resilience and sustainability of European logistics.
INDUSTRY
Agreement reached at Mimit with JSW to relaunch the Piombino steelworks
Rome/Livorno
Gariglio: Strengthening integration between port docks and industrial areas
SHIPYARDS
Agreement between Fincantieri and the Croatian shipyards Brodotrogir Cruise and Iskra Shipyard
Trieste
Initiative within the framework of the two-corvette program promoted by the Croatian Ministry of Defence
SHIPPING
Evergreen, Yang Ming and WHL return to quarterly revenue growth
Keelung/Taipei
Four consecutive quarters of decline behind us
INTERMODAL TRANSPORT
Project for a direct rail link between the port of Gioia Tauro and the Interporto D'Abruzzo
Pescara
LOGISTICS
Tax fraud on labor in the logistics sector
Milan
€28 million seized from four Milanese companies
JOBS
PSA Genova Pra', the state of agitation has been lifted following the successful completion of the cooling procedure.
Genoa
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