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Independent journal on economy and transport policy
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BRIEFS
September 1, 2011
The Business Timesweb site
Shipping News
  • Baltic Dry Index falls for 3rd straight session
    The Baltic Dry Index, a measure of commodity-freight costs, fell for a third consecutive session as bookings to ship iron ore from Australia and Brazil declined and stockpiles at Chinese ports reached an all-time high.
  • Containers stay at 50-year low as sales growth slows
    The container- shipping industry is contending with the longest stretch of near-zero rates in its half-century history on the Asia-to-Europe route, as a capacity glut combines with the slowest growth in trade since 2009.
  • APM to build and run US$992m Costa Rican terminal
    APM Terminals has won a US$992 million contract to run what it is calling the largest infrastructure project in Costa Rica's history - the new Moin Container Terminal on the Caribbean coast.

Sched Netweb site
  • China Merchants first half profit increases 102.5pc to US$116 million
  • Yang Ming, Wan Hai-Interasia offer weekly direct Japan-Indonesia service
  • Customs & Excise Department opens cargo service centre in Hong Kong
  • Mumbai's Nhava Sheva container throughput drops 2pc in second-half
  • Transpacific rate benchmark jumps 21.5pc as peak surcharges take hold
  • CMA CGM includes Cai Mep in Vietnam 3 on intra-Asia service loop
  • Neptune Maritime Security says Iran Navy in fight against Somali pirates
  • Australia QR National profit gains, but volumes softened by floods
  • At 77pc more trade to Hamburg, Baltic growth outpaces Europe's big players
  • Bulgaria's state railway BDZ cargo unit privatisation on course
  • Okay Airways signs cooperation agreement with Heilongjiang government
  • Russia's Prime Minister Vladimir Putin pledges support for aviation sector
  • Seattle's maths/tech heavy Aviation High School looks forward to new campus

International Transport Journalweb site
AUGUST 31, 2011
  • MOL earns commendation from Cambodian government
    Mitsui O.S.K. Lines, Ltd. (MOL) recently cooperated with the non-profit organisation Side By Side International (SBSI) to transport 34 medical vehicles and other equipment to help ...
  • Niedersachsen Ports steps up marketing activities
    Joachim Birk is the new head of marketing of Niedersachsen Ports GmbH & Co. KG, a Lower Saxony-based port operator. The MBA graduate will in the future oversee the cross-site m...
  • USD 200 million road loan to support growth in India's northeast
    The Asian Development Bank (ADB) is lending up to USD 200 million to reconstruct roads in northeastern India, which will reduce its isolation and open up badly needed growth and de...
  • Mechel leases mainline diesel locomotives
    Mechel, one of Russia's leading mining and metals companies, has signed a contract between Mecheltrans Vostok, Sinara-Transport Machines and VTB Leasing for the development, produc...
  • Switzerland: Camion Transport now using hybrids
    Swiss transport company Camion Transport (CT) has enhanced its fleet of vehicles with a Mercedes-Benz Atego BlueTec Hybrid. It is the first hybrid lorry in general cargo shipments ...
  • CN and CNBM Forest Products Trading strike lumber export deal
    The Canadian National Railway Company (CN) and China's CNBM Forest Products Trading have reached an agreement to use CN's new lumber transloading facility in Vancouver to increase ...
  • New weekly service AC-3 launched
    AC-3 - a new regular ocean container line of Maersk - launched a weekly service to the container terminal Vostochnaya Stevedoring Company LLC (a Global Ports group company). The fi...
  • Another customs first for Cargoitalia
    Italy's Cargoitalia has been approved by the Italian customs authorities to submit electronic T1 forms as of tomorrow, 1 September. The move will enable the airline to cut transit ...
  • China Southern Airlines joins Barig
    China Southern Airlines is the latest member of the Board of Airline Representatives in Germany (Barig), taking the number of members in the world's biggest national airline associ...
  • Dallas welcomes new Air China Cargo service
    Dallas/Fort Worth international airport (DFW) last week welcomed the first of what will be three Air China Cargo freighter flights a week, giving DFW additional cargo capacity to S...
  • CMA CGM carries more than 4.8 m teu in first six months
    CMA CGM, the world's third-largest container shipping company, has reported revenue of USD 7.3 billion for the first six months of 2011, an increase of 8% on the prior-year period....
  • Trans-o-Flex boosts capacities in Germany and the Netherlands
    The express delivery service Trans-o-Flex is expanding. A new central hub in s'Hertogenbosch and new sites in Bavaria and Brandenburg optimise the service provider's national and i...
  • Quehenberger: retail logistics for Libro and Pagro
    Austria's services provider Quehenberger Logistics is assuming responsibility for logistics services to 360 Libro and Pagro branches in Austria with immediate effect. In doing so, ...
  • Panalpina introduces new intra-Asia service
    Basel-based Panalpina explained that there have traditionally been only two main choices for cargo flows between China and Southeast Asia: costly air freight or slower ocean freigh...

Marine Logweb site
AUGUST 31, 2011
  • American P&I Club manager hires Asian region specialist
  • Fearnley's has an App for it
  • GulfMark Offshore orders three PSV's from Remontowa
  • VOS ballast water treatment systems ordered for Sovcomflot VLCC's
  • Bourbon CEO sees offshore service market upswing ahead
  • Ingalls Shipbuilding starts fabrication of fourth NSC
  • SeaArk Marine suspends acceptance of new boat orders

World Wide Shipperweb site
AUGUST 31, 2011
  • Washington Ferry System changes adopted by transport commission
  • Coast Guard teams with Army to remove bouy from Washington beach
  • Crowley presents scholarships to four Alaska Fairbanks students
  • Trucking group praises President for asking congress to fund transport
  • World Airways works deal to operate Boeing Freighter for Asiana

Lloyd's Listweb site
AUGUST 31, 2011
  • Can Cosco follow China Shipping to long-term contracts?
    Giant Chinese bulk operator's recent charter renegotiation antics will not help build credibility
  • Boxship businesses share risky outlook
    Ordering the large ships at market peak brings added pressure to secure cargo
  • Key to Sinotrans' success lies in stable charter income
    Shipowner stands out among Chinese state-affiliated shipping companies for its strong financial position and robust balance sheet
  • Bank lending under threat as sovereign debt fears are reignited
    Banks are becoming more cautious as cost of insuring debt soars
  • Owners cold-shoulder hot lay-ups
    Underlying optimism that demand will catch up with supply is keeping ships on the water
  • Time to put a stop to creeping localism
    The spawn of localism is protectionism, the child of which is a direct attack on world trade
  • Shipowners should look to technology before using armed guards
    Shipowners should consider anti-piracy technology before resorting to armed guards onboard
  • On the tourist trail in Rotterdam's sandpit
    Maasvlakte 2, the port expansion project that will provide 1,000 ha of new 'land' taken from the North Sea, is capturing ordinary Dutch people's attention
  • Rodopoulos bows out after 36 years at RBS
    Fellow veteran Fotis Bratimos takes over responsibilities at Piraeus operation of Greek shipping's leading lender
  • VLCC earnings slump to historic lows on Middle East to US trade
    Owners continue to ply the route hoping to find a trip back to Asia to boost overall returns
  • Two more Greek ferry lines see red
    National crisis, fuel hikes and intense competition all blamed for first-half woes
  • Oil and shipping players move to restore Libya trade quickly
    Nato warns of 'sporadic untargeted firings out to sea' but says they are celebrations
  • Capesize rates jump 18% as spot chartering activity surges
    Busy transatlantic trade lane gains nearly $4,500 per day, up almost 30%
  • MSC bargain panamax boxship charter price shocks market
    Rate of $12,000 per day for a 5,000 teu vessel is down 30% on last reported fixtures
  • Eurogate throughput jumps 13% in first half
    Sluggish Hamburg throughput expected to improve in second half
  • APM Terminals sells 25% stake in Xiamen Songyu box facility
    Deal with joint venture partner Xiamen Port Holding Group halves APM's interest in $380m Chinese port development
  • Stena scales down fast craft service
    Line trims Holyhead-Dun Laoghaire operation due to high fuel and maintenance costs
  • Höegh and Awilco maintain faith in LNG despite second quarter losses
    Demand and rates to stay high, say Norwegian companies
  • Boxship orders surge in 2011
    But 2007 record unlikely to be broken
  • Never mind the flag state
    At least for vulnerable vessel types, armed guards are the new normal
  • Belships takes shelter from worst of the market storm
    Keeping vessels on long-term charters pays off
  • Latest figures confirm sharp slowdown in trade growth
    OECD statistics reflect the developed nations' big budget deficits and emerging economies' inflation battles
  • Turning away from the market
    A key legacy of the financial crisis in shipping is that commercial banks wait in the wings while government funding is on the rise
  • India opens way to deploying armed anti-piracy guards
    New guidelines permit shipowners to engage private maritime security companies after a selection and vetting procedure
  • Norwegian Car Carriers sees charter rates rise 11%
    Tonnage provider expects year-long wait for stronger market despite improvements
  • Container lines prepare to resume Libya calls
    Maersk to reinstate service from September 8 while CMA CGM ready to return to Tripoli
  • Cosco starts to pay up
    Apparent turning point in wide-ranging charter hire spat comes just ahead of fresh wave of arrests, say industry sources
  • Eitzen to exit semi-refrigerated gas carrier market
    Disposal of ships to investment company B-Gas will raise $53m
  • NYK to issue $716m in bonds
    Company cites favourable conditions in the bond market for its decision
  • US verdict a major setback for foreign seafarers
    Court imposes Bahamas arbitration on personal injury case

Fairplayweb site
AUGUST 31, 2011
  • Wheatstone LNG moves closer in Oz
    DREDGING conditions have been imposed on Western Australia's Wheatstone LNG project as part of its environmental approval, IHS World Markets Energy reported today
  • Intereuropa investment ruins port's profits
    SLOVENIA'S only port operator, Luka Koper, said today it had net profits for 1H 2011 of €3.4M ($5M), a 36% drop against the same period of last year
  • Weak dollar hurts Bourbon
    FRENCH offshore vessel operator Bourbon today reported first-half net losses of €21.4M ($30.9M) after it was hit by a fall in the value of the dollar
  • Bank deal seen as Greek ship finance boon
    THE JOINING of two Greek ship finance banks announced this week will create Greek ship finance's fourth-largest lender, a leading sector analyst told Fairplay today
  • Shipyard group's losses widen
    HONG KONG-listed China Ocean Shipbuilding Industry Group, the owner of Jiangxi Jiangzhou Union Shipbuilding, today announced heavier first-half losses as it reported several disputes with foreign customers
  • Bumi Armada profits drop 18%
    MALAYSIA's FPSO specialist Bumi Armada said today net profits for 2Q2011 dropped 18% year on year to 61M ringgit ($20.4M), while 1H2011 profits rose 2% y/y to 143.1M ringgit
  • Logic breaks down in India's scrapping market
    VOLATILITY in the breaking market has turned to confusion after speculation by Indian yards pushed up offers, despite a drop in local prices for steel plate
  • COSCO International's profits drop 20%
    COSCO International Holdings today said its H1 net profits were HK$277M ($36M), down 20% from HK$346M ($45M) in that period of 2010
  • Drybulk port snarls ease
    AFTER rising for the past two weeks, congestion in drybulk ports in China, India and Australia is easing off
  • Handies dominate box sector's chartering
    STRONG intra-Asia box business ensured that Handysizes are dominating chartering activity
  • Maybulk profits fall 10%
    MALAYSIAN Bulk Carriers said today net profits for 1H2011 dropped 10% year on year to 74.5M ringgit ($25M)
  • Supramax bubble bursts
    SUPRAMAX bulker rates have risen for two weeks, but brokers told Fairplay today that the sector's bubble has burst
  • DryShips reveals earnings miss
    GEORGE Economou's DryShips today reported huge quarterly losses on vessel sales and fell far short of Wall Street forecasts

Containerisation Internationalweb site
AUGUST 31, 2011
  • Carriers confident of market upturn in H2 11
  • CMHI's H1 11 profits strong on back of Bohai and Yangtze ports
  • Lines to return to Libya
  • CSAV and CMA CGM expand Gulf Bridge Express service
  • APM T signs Moin CT deal

TradeWindsweb site
AUGUST 31, 2011
  • Analysts survey DRYS
    DryShips dispute with Cosco takes centre stage as analysts slash earnings estimates while clinging to coveted rating.
  • APM invests in Costa Rica
    AP Moller-Maersk terminal wing ploughs $992m into Central American container project.
  • Sevan sits on the brink
    Bankruptcy may be on the horizon for Oslo-listed FPSO owner following staggering $639m second-quarter loss.
  • EMGS goes shopping
    Oslo-listed seismic survey vessel owner takes on Seatrans duo as it prepares $15.8m acquisition of OHM.
  • Latvian loses less
    Vitol-controlled tanker owner brings down deficit in first half as it keeps eagle eye on administrative expenses.
  • Swire settles spill claims
    Small businesses paid, but Queensland state clean-up bill yet to be decided following Pacific Adventurer accident in 2009.
  • KPMI profit spikes
    Philippines shipyard's repair operations boom in second quarter as earnings surge.
  • George close to drill job
    DryShips reveals pending West African contract as Cosco dispute is briefly overshadowed.
  • Rodopoulos exits RBS
    Greek ship finance fixture heads for retirement to be replaced by long-term colleague Fotis Bratimos.
  • Colombo clinches ferry order
    Sri Lankan shipbuilder seals deal for two new passengerships for India's Lakshadweep islands.
  • Genting in the money
    Malaysian owner of Star Cruises and NCL said first-half earnings surged as revenue climbed.
  • Frontline joyride rolls on
    Oslo-listed tanker owner sees its stock enjoy a second day of climbs after its summer slump.
  • Nordic's arctic odyssey
    Danish owner teams with Sanko to take ice-class panamax bulker along Northern Sea Route to China.
  • Awilco starts at a loss
    Anders Wilhelmsen-backed LNG newcomer posts red ink in Q2 as it waits for its fleet to become fully operational.
  • Currency costs Erria
    Danish chemical tanker owner blames forex losses for bigger deficit in first half of 2011.
  • Boxship hits whale
    HMM's Hyundai Faith arrives in Rotterdam with dead orca wedged on its bow.

American Shipperweb site
AUGUST 31, 2011
  • 'Fueling' trade
    U.S. seeks partnership for drop-in biofuelsThe U.S. Agriculture, Energy and Navy departments on Tuesday issued arequest for informationlaying out the Obama administration's goals, assumptions and tools, and requesting from industry specific ideas ...
  • Irene's aftermath
    Freight rail feels Irene more than ports Ports and railroads in the direct path of Hurricane Irene last week appear to have dodged major problems, according to damage assessments. ALAN helps with Hurricane Irene relief In the aftermath of Hurricane...
  • September Cover Story
  • TSA unveils transpacific rate index
    June transpacific rates reached a 14-month nadir, according to a new monthly revenue index being published by the Transpacific Stabilization Agreement. The index tracks average revenue per FEU levels against a June 2008 baseline. In June, the inde...
  • 2011 large ship orders dwarf 2008-2010
    Fifty-two containerships of 10,000 TEUs or larger have been ordered since the beginning of 2011, dwarfing the number of such orders over the last three years, according to research from Braemar's Seascope division. Only 10 such vessels were ordered...
  • MCC revises intra-Asia loops
    MCC Transport, the intra-Asia specialist carrier of the A.P. Moller - Maersk Group, has made changes to a number of its services connecting various regions within Asia. The line's IA4 service will drop a call in Shanghai and add a second, southboun...
  • Delmas splits Med/Africa butterfly
    CMA CGM and subsidiary line Delmas have split a butterfly service connecting the Mediterranean and West Africa into two loops, according to American Shipper affiliate ComPair Data. The five-ship service, known as Diams, has been split into two thre...
  • CSAV adds ports to Gulf Bridge Express
    Chilean containership operator CSAV said it is adding ports to the Gulf Bridge Express service that it operates with CMA CGM between ports in South America, the Caribbean, Mexico and the United States. The service will add calls at Puerto Cabello ...
  • Jensen Maritime expands in U.S. South
    Jensen Maritime Consultants, a naval architecture and marine engineering firm, has expanded operations in the U.S. South by opening a second office within parent company Crowley Maritime Corp.'s Jacksonville, Fla., headquarters. This new office wi...
  • Fla. cargo carrier hit for safety violations
    The U.S. Federal Aviation Administration said Monday it plans to fine Capital Cargo International Airlines $298,500 for operating eight Boeing 727 aircraft that were inspected by an unqualified mechanic who signed off on their airworthiness, in vi...

The Bunker Bulletinweb site
AUGUST 31, 2011
  • Crude falls on news of increasing supply
    'We are following the stock market, and we're supportive on gasoline because of the idea that the storms may shut down some of the refineries,' says research analyst.
  • Fujairah prices firm
    Supplies said to be tight for prompt dates.
  • Double-digit gain in bunker prices
    Wide spreads in Rotterdam spot prices.
  • Aegean chief sees company gain momentum
    President upbeat after company's Q2 result beat analysts' expectations and class action lawsuits were withdrawn.
  • Russian oil company to expand international bunker operations
    Gazprom Neft to supply in Romania and Baltic states.
  • Solar sails could be fitted to bulk carrier
    Fuel savings would cover costs 'in two years'.
  • September fuel oil arbitrage at 32-month low
    But October volumes up in 'famine-to-feast' scenario.
  • High-speed ferry service cut as fuel costs bite
    'High costs, particularly in terms of fuel costs and gas turbine maintenance, has been a major factor,'says Stena official.
  • Mid-week price levels up at Asian ports
    Supplies of bunker fuel sufficient at key Asian ports on Wednesday.
  • US military issues RFI on drop-in biofuels
    Focuses on 'technical, manufacturing and market barriers' for starting a business on drop-in biofuels.
  • 'Largest' ice-breaking vessel completes model testing
    Iron ore carrier able to travel two times faster with 5% increased fuel efficiency.
  • Yang Ming ends first half with losses
    Blames losses largely on surging bunker fuel costs.
  • Singapore supplier receives 2,000 dwt newbuild bunker tanker
    2,000 dwt Sentek 22 currently awaiting harbour craft license to operate at republic.
  • Fuel monitoring tool launched
    Allows for monitoring an entire fleet's fuel usage through the internet.

›››File
FROM THE HOME PAGE
Fincantieri and TKMS sign agreement to strengthen collaboration in the underwater segment.
Trieste/Kiel
The agreement does not provide for mergers or acquisitions
Philippine terminal operator ICTSI to acquire African port operator TLG
Manila
The company operates in Mozambique, Namibia and South Africa
EU ship recycling facilities are operating well below capacity as European vessels continue to be dismantled in Asia
Brussels
This is reported by a study by Shipbreaking Platform and Transport & Environment
In the second quarter, cargo traffic in the Moroccan port of Tangier Med reached a new record
Anjra
Growth of +6% recorded in the first six months of 2026
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Container shipping market recovery drives COSCO Shipping Holdings' quarterly results
Hong Kong
The Chinese group has ordered 12 new 22,000 TEU container ships and six 3,200 TEU ones.
G20 trade accelerates in second quarter
Paris
Imports of goods and trade in services are driving growth, while exports are maintaining a strong pace
La Spezia Container Terminal invests €90 million in port equipment for the new Ravano Terminal.
La Spezia
OOIL's half-year results are weighed down by the negative performance of the first quarter
Hong Kong
The January-June period closed with a net profit of 729.3 million dollars (-23.6%)
Port of Livorno: The Regional Administrative Court (TAR) has annulled the extension of the coastal landscape restriction to the port and hinterland areas.
Florence/Livorno
SBB CFF FFS Cargo returned to profit in the first half of the year
Bern
The Swiss group's trains transported over six million passengers (+1.3%)
White House denounces practice of "illegal" port transshipment to evade U.S. tariffs
Washington
IMO urges naval missions to counter rising piracy in the Gulf of Aden
London/Riyadh/Southampton
The very large crude carrier "Amzan" of the Saudi company Bahri was attacked in the Red Sea.
CMA CGM and Red Sea Gateway Terminal finalize agreement for Terminal 4 at Jeddah Port
Paris
The planned investment amounts to approximately 434 million dollars
The slowdown in the Chinese economy is reflected in port traffic
The slowdown in the Chinese economy is reflected in port traffic
Beijing
In July, overall traffic decreased by -3.4%, with a contraction that no longer only concerns domestic trade, but is also starting to affect goods with foreign countries.
In the second quarter, freight traffic in the port of Bremen/Bremerhaven grew by +6.0%
Bremen
In the first six months of 2026 the increase was +5.9%
Fincantieri and Viking convert options into orders for two new cruise ships
Trieste
A ship was boarded by pirates in the Gulf of Aden
Southampton
The unit was forced to head towards Somalia
CK Hutchison initiates international arbitration proceedings against the Republic of Panama
Hong Kong
The action follows a similar one by its subsidiary PPC. The lawsuit seeks damages of $2 billion and over $1.5 billion.
Hapag-Lloyd to acquire 25% stake in APM Terminals Maasvlakte II
Hamburg
The Maersk Group company will retain operational control of the Dutch terminal
The German company Hapag-Lloyd has signed an agreement with APM Terminals, the terminal operator of the AP Møller-Mærsk shipping group, for
ZIM also records a recovery in the second quarter
ZIM also records a recovery in the second quarter
Haifa
Acquisition by Hapag-Lloyd expected by the end of the year
In the second quarter, freight traffic in the port of Civitavecchia grew by +3.6%
Civitavecchia
In the first half of this year the total was 3.93 million tons (+1.5%)
Last month the port of Singapore handled four million containers (+3.1%)
Singapore/Hong Kong
A 1.6% decline was recorded in the port of Hong Kong
AP Moller Capital to acquire majority stake in Globex Investissement
Copenhagen/Casablanca
Ship hit in the Strait of Hormuz
Southampton
Crew member of the "Minoan Dignity" dies
Last month, freight traffic in the port of Barcelona decreased by -6.5%.
Barcelona
In July, 300,961 containers were handled (-13.2%)
Abu Dhabi's sovereign wealth fund offers to acquire 100% of AD Ports' capital.
Abu Dhabi
He currently owns a 75.42% stake
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
Cargo traffic in Tunisian ports is growing sharply
In the April-June quarter it was 7.4 million tons (+8.8%)
The port of Koper reports a 5.6% decrease in quarterly freight traffic
Ljubljana
In June the decline was -18.9%
Strait of Hormuz crisis has severe impact on DP World's financial and operating performance
Dubai
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%
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%)
HMM's revenues increased by 29.7% in the second quarter
Seoul
Net profit down, weighed down by lower financial income
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
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
Freight traffic in the ports of Genoa and Savona-Vado remained stable in the second quarter
Genoa
Passenger numbers drop at both ports
In the second quarter, Yang Ming recorded a net profit growth of +610.7%.
Keelung
Revenues stable in the first half of 2026
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
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
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
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.
Contract with Fincantieri for the construction of a third cruise ship for Crystal is now in force
Monaco/Miami
Delivery is scheduled for 2034
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 associations reiterate their opposition to mandatory tolls and tariffs for transiting the Strait of Hormuz.
Two ships attacked in the Red Sea
Southampton/San'a'/New Delhi
Indian vessel "Faize Noore Oliya" sunk, Houthis claim attack on "NCC Wafa"
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
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%)
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%
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%
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%
A report by the French National Assembly notes the competitive decline of the state's port ecosystem.
Paris
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%)
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.
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
Fincantieri's half-year revenues remain stable
Trieste
Net profit increased by 191.4%. New orders fell by 58.5%.
In the second quarter, freight traffic in Albanian ports grew by +8.9%
Tirana
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
Royal Caribbean reports record revenue for the April-June quarter
Miami
New all-time peak in turnover in the first half of 2026
In the second quarter, CMA CGM group revenues increased by +19.2%
Marseille/New York/Los Angeles
United Ports Joint Venture with Stonepeak Completed
PortXchange: To immediately reduce shipping emissions, we need to focus on ports.
Rotterdam
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%.
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.
Indian government approves $7.2 billion in aid for domestic shipbuilding
New Delhi
Strategy adopted today to revitalize the sector
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
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.
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
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.
MacGregor opens a new technical assistance center in Trieste
Stockholm
The main focus will be the European area, including the specialized megayacht sector.
Tanker hit by three shells in the Strait of Hormuz
Southampton
An accident also in the Indian Ocean
Floriana Gallucci is the new secretary general of the Ionian Sea Port Authority.
Taranto
The Management Committee of the institution has approved the appointment
Crew of ferry that sank in Northern Cyprus arrested
Nicosia
Eight people died in the accident. 17 other passengers are missing.
Singamas's profit halved in the first half of 2026
Hong Kong
The Chinese company is focusing on energy containers. During the period, sales of specialized containers exceeded those of standard boxes for the first time.
CIMC sells more containers, but profits plummet
Hong Kong
Half-year profit in this business segment fell by -81.2%
In the first half of this year, China
COSCO Shipping Ports reports record quarterly and half-year revenues
Hong Kong
Net income for the first six months of 2026 was $276.6 million (+23.2%)
In the first six months of 2026, CMPort's revenues grew by +13%
Hong Kong
Net profit up 7.4%
Meyer Werft revenues to grow by 107% in 2025
Papenburg
The financial year ended with a net loss of -383.8 million euros
Messina will launch the new West Med Line scheduled service in September
Genoa
It will bring together existing services for Algeria and Libya
The launch of the luxury cruise ship Oceania Sonata was celebrated in Marghera
Trieste
The unit is scheduled for delivery in 2027.
Tarros will include the port of Salerno in its Italy-Libya Express service.
La Spezia
The vessel "Vento di Zefiro" will be placed on the route
MPCC reports declining quarterly results as part of fleet renewal plan
Oslo
Kuehne+Nagel's honorary president has died.
Schindellegi
Klaus-Michael Kühne had joined the family business in 1958
A shipment of 65 kilograms of cocaine was seized in the port of Livorno.
Livorno
It would have brought in around 20 million euros to the criminals
In July, Spanish ports handled 47.7 million tonnes of goods (-1.8%)
Madrid
Containers amounted to 1,581,071 teu (-5.6%)
Join us at the Communion and Liberation Meeting in Rimini
Rome
Participation in the exhibition area of the Ministry of Infrastructure and Transport
Port of Ravenna: Executive project for redevelopment of the "Ex Carni" area begins
Ravenna
The aim is to give full functionality to a new logistics and industrial sector in the port area
Container traffic in the port of Algeciras decreased by 11.4% in July.
Algeciras
In the first seven months of 2026 the decline was -3.3%
Hupac will strengthen its intermodal service between Basel and Busto Arsizio.
Noise
An eighth weekly rotation will be introduced from September 7th
Sallaum creates a company for land logistics of cars in Europe
Vilnius
It will initially be equipped with 50 car transporters and the fleet will reach 300 vehicles by 2029
In the second quarter, freight traffic in the port of Taranto grew by +6.7%
Taranto
An increase of +104.9% was recorded in July
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Viking Holdings Cruise Line Reports Record Quarterly Revenue
Los Angeles
Net profit of $587.7 million (+33.8%)
Container traffic at the Port of Los Angeles dropped 5.8% last month.
Los Angeles
In the first seven months of 2026, growth of +1.8% was recorded
Container traffic at the Port of Long Beach dropped 1.7% in July.
Long Beach
In the first seven months of this year, total traffic was 5,758,086 TEUs (+1.2%)
In the second quarter, RCL recorded an increase in revenues that was outweighed by the increase in operating costs
Bangkok
Net profit down 1.1%
Danish DFDS's quarterly financial performance improves
Copenhagen
In the April-June quarter, rolling stock transported by the fleet increased by 1.1%. Passengers decreased by 8.9%.
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%.
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
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
MSC installs Jotun's proactive hull cleaning system on MSC Daniela
Sandefjord
Combines advanced antifouling technology with robotic inspection and cleaning
Wan Hai Lines reports a 965.6% increase in quarterly profit
Taipei
The company orders six new 11,000 TEU containerships
In the second quarter, cargo traffic in Montenegrin ports decreased by -5.8%
Podgorica
Cargoes to and from Italy dropped by -40.6%
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
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%)
Maurizio Longo, Secretary General of Trasportounito, has passed away.
Rome
He passed away in Rome after a long illness.
Terminal Investment Limited abandons Tercat acquisition
Brussels
It provided for joint control of the Barcelona terminal with Hutchison Ports
Work has been completed to activate cold ironing at the Porto Corsini cruise terminal in Ravenna.
Ravenna
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
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
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%
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%
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
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.
Global Ship Lease reports record quarterly and half-year revenues
Athens
Rising costs impact profits
DP World to build temperature-controlled logistics hub in the port of Antwerp
Dubai/Kallo
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.
Danaos Corporation reports quarterly revenue growth of 4.7%.
Athens
The containership segment remains stable. Bulk carriers continue to contribute.
A bulk carrier hit by a shell in the Strait of Hormuz
Southampton/London
One crew member is reportedly missing.
This year, 800,000 cruise passengers are expected in Messina.
Messina
Passengers make a direct expenditure of almost 16 million euros in the city
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%)
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.
ICTSI posts record net income of $363 million (+24.2%) in the second quarter
Manila
Another GasLog vessel hit while leaving the Persian Gulf
Piraeus/Southampton
Damage to the engine room
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "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
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
Rosatom expects cargo traffic along Northern Sea Route to rise 14% in 2026 - CEO
(Interfax)
HD Hyundai Heavy Industries Ends Joint Venture Plan for Block Factory with India's Cochin Shipyard
(Maeil Business Newspaper)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
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
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
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
One and a half million euros for training in Tuscan ports
Livorno
The Northern Tyrrhenian Port Authority has presented its 2026-2028 training plan.
Terminali Italia will manage the Orte intermodal terminal starting next year.
Rome
It has approximately 96,000 square meters of yards and three tracks
Italy and Tunisia sign a collaboration agreement in the transport and logistics sector
Rome
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"
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
UPS revenues increased 7.6% in the second quarter
Atlanta
Net profit amounted to $604 million (-52.9%)
In 2025, the revenues of the Italian logistics company Nord Ovest grew by +13.6%
Wedge
Net profit down 8.3%
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
Fincantieri signs agreement with NextGeo's reinvesting partners
Trieste
The operation is part of the development strategy in the diving segment
The update to the DPSS of the ports of Sardinia has been adopted.
Cagliari
Resolution of the Management Committee of the Port System Authority
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
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
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.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
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.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
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.
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.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
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