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BRIEFS
November 4, 2011
The Business Timesweb site
Shipping News
  • Dry bulk carrier rate could hit bottom next week
    Freight rates for capesize dry bulk carriers on key Asian seaborne routes could hit a bottom over the next week on rising Chinese demand for relatively cheap iron ore.
  • Global shipping industry facing major downturn
    The global shipping industry is experiencing a downturn that is worse than that seen during the 2008 financial crisis, China's transportation minister said. Speaking at an industry conference on the Chinese island province of Hainan yesterday, Li Shenglin said there was no end in sight to the ongoing shipping downturn.
  • UK urged to include int'l shipping emissions in 2050 climate targets
    Britain should include international shipping emissions in its climate targets to 2050, in an effort to regulate the growing carbon footprint of the sector, a body which advises the government on climate action said yesterday.

Sched Netweb site
  • Transpac rates up 4.3pc to US$1,543/FEU after 22-month decline
  • Occupy Oakland shuts port, Maersk, APL pull boxes to stop reefers exploding
  • Qingdao volume up 9.5pc in 9 months, boxes up 10.6pc to 9.8 million TEU
  • US west coast containerised imports shrink 7pc, exports rise 1pc in Sept
  • Taiwan's big 3 plunge into loss on deteriorating market, rising costs
  • Commissioner objects to FMC order for full TSA- WTSA transcripts till May
  • Guangzhou's Nansha port area aims to become Asian logistics hub
  • Bunker, lube, wages expected to become highest ship operating costs
  • China to build railway logistics facility for grain in Heilongjiang
  • US electrical exports enjoy boom to China, Canada, Mexico, Korea
  • NYK enters Brazil's cabotage trade with 10pc buy-in of Maestra
  • Quake blamed as Japan's Yusen Logistics half-year profit declines 16.6pc
  • Russia's richest man buys SOE Freight One, owns 40pc of nation's railcars
  • Vietnam to match as Guangxi build expressways to Vietnamese border points
  • Cargotec inks MoU to start strategic cooperation with Rosmorport in Russia
  • China's air carriers growth hampered by mainland curfews, bottlenecks
  • TIACA says night-flight bans will add consumer costs and pollution
  • UK air cargo safety rules 'threaten British export competitiveness'

Exim Indiaweb site
  • HK shipping associations seek subsidies to adhere to emission standards
  • SCI takes delivery of Supramax bulk carrier
  • Slow iron ore demand takes Baltic dry index to three-week low
  • India, Asean tottering towards finalising services trade pact
  • Pak accords MFN status to India after 15 years
  • JN Port dredging expected to commence soon
  • Downgrade fear looms large over India
  • E&Y foresees India growing faster than China in 2013
  • RBI extends sops to exporters by a year
  • RBI rate hike will impact export competitiveness: Fieo

International Transport Journalweb site
NOVEMBER 3, 2011
  • CSX reports record operating income in Q3
    The CSX Corporation, a leading US transport company based in Jacksonville, FL, has made third quarter net earnings of USD 464 million compared to USD 414 million last year. This is...
  • Gefco offers new services to Central Asia
    Gefco recently opened a new route between Latvia and Central Asia that will be used to deliver new vehicles to Kazakhstan, Uzbekistan, Mongolia and Tajikistan. Vehicles are picked ...
  • Highway expansion project in eastern India
    India's cabinet committee on infrastructure has approved a project to expand the Birmitrapur-Barkote section of national highway 23 in Orissa to four and two lanes, with paved shou...
  • Stricter exhaust norms for trucks in London
    Exhaust norms for driving in London's low-emission zone (LEZ) are set to change in January 2012. Trucks will be expected fulfil the Euro 4 exhaust norm for particulate matter, and ...
  • Carsten Fuhlendorf new Hellmann CFO
    Carsten Fuhlendorf took over the management of the finance department as CFO of the global service provider Hellmann Worldwide Logistics group, based in Osnabrück, on 1 November. (...
  • OOCL figures for first nine months
    OOCL said that volumes handled in the third quarter (to 30 September) were 6.6% up on the same period last year. Revenues decreased by 8.3% to USD 1.441 billion. Volumes increased ...
  • Boeing delivers 300th B777-300ER
    Boeing's best-selling B777, the B777-300ER, passed its 300th delivery recently, when first-time customer Biman Bangladesh received a unit. The B777-300ER had 543 orders on 30 Septe...
  • Emirates SkyCargo hits 100% in use of e-AWB from Dubai
    Emirates SkyCargo, a leading player in the industry's move towards e-freight, has added further momentum to the drive by announcing that electronic air waybills (e-AWBs) are now be...
  • EU and Sri Lanka to boost mutual air transport
    The European Commission and Sri Lanka concluded an aviation deal in Colombo last week, which will provide a legal basis for the development of future aviation relations between Sri...
  • K Line adds Korea-Philippines-Indonesia container service
    Kawasaki Kisen Kaisha (K Line) has added a new weekly service from Korea to the Philippines and Indonesia as a slot operator. The port rotation of the Jaseco-K link is Xingang, Pye...
  • Evergreen Line adjusts intra-Asia services
    The Evergreen Line will realign its fleet deployment and launch new services this month, as a reaction to developments in intra-Asian waterborne trade. Two new loops will replace E...
  • DSV increases sales and profit in first nine months
    DSV, a transport and logistics services provider based in Brondby (Denmark), increased sales in the first nine months of the year, from EUR 4.23 to 4.4 billion. The operating resul...
  • Dimotrans to open new head office in 2012
    Groupe Dimotrans, a French forwarding and logistics company, is building a new head office in Pusignan near Lyon. The building with 51 docking stations will be opened in April 2012...
  • Norbert Dentressangle to deliver Bradnam coffins in Scotland
    Bradnam Joinery, an English coffin and casket specialist, has appointed Norbert Dentressangle to provide flexible and cost-effective transportation in Scotland. Bradnam coffins are...

Marine Logweb site
NOVEMBER 3, 2011
  • Interocean American Shipping gets SBX-1 contract
  • Donjon-SMIT names Raymond Lord president
  • Scottish yard to build two hybrid Ropax ferries
  • Helsinki shipyard starts production of second icebreaking supply vessel
  • COSCO (Zhoushan) Shipyard books order for two bulkers

World Wide Shipperweb site
NOVEMBER 3, 2011
  • Greenbrier breaks revenue record during fiscal fourth quarter
  • Tacoma financial incentives program aims to take older trucks out of service
  • Mileage rewards scheme online at Portland International Airport
  • APL taking new measures to ensure safety of reefer boxes
  • Cathay Pacific Airways receives new Boeing freighter

Lloyd's Listweb site
NOVEMBER 3, 2011
  • Bulk deliveries in 2011 to hit record 95m dwt
    Newbuilding volumes counterbalanced by scrapping, but weak rates set to persist
  • Rotterdam warns of stalling growth
    Port predicts slowdown in fourth quarter after sub-2% cargo rise in first nine months
  • Top boxship fleets lose up to 24% of value in 2011
    Latest service from VesselsValue.com shows true impact of overcapacity on ships' worth
  • OceanFreight shareholder fails to win restraining order against DryShips takeover
    New York judge says petition unlikely to succeed on its merits
  • Transatlantic MR tankers see earnings slide as arbitrage closes
    Owners said to be 'despondent' as returns drop closer to operating costs
  • Offshore exploration likely to rise 18% next year
    Investment bank polls companies drilling wells in fields of at least 100m barrels
  • Deepwater basins attract exploration
    North Sea, Greenland and Falklands on the list of up and coming prospects
  • US Gulf springs back to life after moratorium
    Recent deals also point to buoyant West Africa and Guiana among the core basins
  • Red Sea deathtraps
    The latest ferry disaster shows lessons still have to be learned
  • 1,200 rescued after Red Sea ferry fire
    One dead in accident off Aqaba on board vessel carrying migrant workers
  • Slow economic activity puts lay-up on agenda
    A number of variables must be considered before a vessel is committed to being taken out of service
  • Product tanker captured off Nigeria
    Unknown number of crew being held
  • When headlines run away
    Misinformation crops up easily in covering shipwrecks
  • Supramax 'bloodbath' in the Pacific
    Rates drop 30% in a fortnight on Indonesia-India coal lane as oversupply hits market
  • FreeSeas debt payback gains momentum from handymax sale
    Cantor drops coverage as Greek bulker owner sees first-half figures hit by vessel impairment losses
  • Genmar in the balance after another quarter of losses
    Company cancels conference call and fails to reveal cash balance
  • Owners risk violating German flag act
    Obtaining permission to flag out can affect validity of charter parties, liability and property insurance, loan securities and could breach EU competition and labour rules
  • Cut in MAIB probes raises union fears
    Agency says reduction is due to reclassification but Nautilus voices safety concerns
  • Falling down
    Maritime safety is too important to be compromised by short-term penny pinching
  • Owners of bulker Arion SB fined $750,000 over oil pollution
    Oregon judge finds call at Portland included a failure to maintain proper records of oil residue disposals and doctoring records of onboard waste-oil incinerator
  • Operating under US flag is too expensive, say carriers
    US Maritime Administration survey finds its nation's flag 2.7 times more costly than a foreign equivalent
  • Panalpina trims outlook
    No growth for airfreight and little for ocean freight
  • Rising costs cut into Cosco Corp profits
    Yard also hit by low dry bulk charter rates for owned fleet
  • Attica's $33.6m capital boost wins shareholder go-ahead
    Ferry owner will use funds for working capital against backdrop of industry losses
  • Marco Polo wins US Chapter 11 bragging rights
    Retainer paid by owner to lawyer after deciding to declare US bankruptcy is held to be enough to establish jurisdiction
  • Newcomer is the biggest draw at bankruptcy party
    Law firm with no previous exposure to shipping snares the first two Chapter 11 immigrants to arrive on US shores this year
  • Payment made Seaarland offshoots eligible for protection
    Retainer paid a week before Chapter 11 filing established 'property in the US'
  • Sembcorp profits slip but outlook remains strong
    Singapore yard says future looks 'intact' for offshore sector, especially deepwater
  • Stolt-Nielsen secures new $600m credit line
    Sum will be added to $300m bond issue to fund capital investment
  • Sovcomflot's bribery case saga takes another twist
    Tankers giant wins right to appeal against case being heard under English law instead of Russian

Fairplayweb site
NOVEMBER 3, 2011
  • DryShips seals OceanFreight deal
    GEORGE Economou's DryShips today completed its takeover of OceanFreight and a shareholder suit challenging the deal has been thrown out
  • Stolt-Nielsen unveils $600M deal for refinancing
    STOLT-Nielsen said today it has obtained commitments for a $600M senior secured revolving credit facility
  • TransAtlantic reports $37M in losses
    SWEDEN'S TransAtlantic has blamed international economic crises for its "unsatisfactory" turn to $140M in quarterly losses
  • Teekay LNG's follow-on offering priced
    NYSE-listed Teekay LNG has succeeded in pricing a large follow-on offering, marking the first equity sale by a US-traded shipping company since July
  • SCF wins UK approval for partial appeal
    SOVCOMFLOT has won UK court approval to appeal part of a British ruling against the Russian tanker grou
  • 'Tricking' sparks late Halloween US fine
    A BULKER'S owner and operating company have been fined $750,000 after pleading guilty to US oil pollution violations
  • Algoma triples earnings
    CANADIAN shipping corporation Algoma has reported tripled net earnings for the first nine months of 2011, following a recent fleet expansion
  • Arrested VLCC reported sold
    ONE OF TWO arrested VLCC sisters has reportedly been sold in Singapore
  • FreeSeas renegotiates debt
    NASDAQ-listed FreeSeas today finally told its investors how much it lost in the second quarter - more than four months after that period ended
  • EC sends Madrid back to the drawing board
    SPAIN'S yards are pledging to keep trying to fashion a new tax-lease scheme to finance ships, after the EC rejected Madrid's proposal yesterday
  • Slow return predicted for breakbulk to Libya
    GENERAL cargo shipments into war-torn Libya are only slowly resuming, the Africa Breakbulk conference is being told today in Bremen
  • Correction continues for Capesize iron ore
    THE CAPESIZE market continues quiet this week amid lower Chinese iron ore demand and rising Atlantic availability, Brokers told Fairplay today
  • Growth in bulker fleet seen
    ARCTIC Securities has revised up its forecast for growth in the drybulk carrier fleet
  • MISC steps up piracy fight
    MALAYSIA'S flagship carrier MISC said today it has converted a second box ship into a naval auxiliary vessel to address Somali piracy
  • Wilson reverses to losses
    WILSON today reported 3Q11 net losses but noted that spot rates in Europe's shortsea drybulk market have been recovering since the end of the quarter

The Journal of Commerceweb site
NOVEMBER 3, 2011
  • USDA's Sanchez on Options for US Companies in China's Cold Chain (Video)
    Jorge Sanchez, head of the agricultural trade office in Guangzhou for the USDA's Foreign Agriculture Service, speaks at the TPM Asia...
  • Senate Rejects Obama Transport Plan
    The Senate narrowly rejected a $60 billion transportation spending bill proposed by President Obama on Thursday, as many Republicans said...
  • STB Says Only UP Posted Adequate Revenue in 2010
    The U.S. agency that regulates economic issues between railroads and shippers says Union Pacific Railroad was the only major carrier...
  • Expeditors Overcomes Market for Record Profit
    Expeditors International of Washington improved net profit 11 percent in the third quarter to $106.6 million despite a 4 percent...
  • Operations Resume at Oakland as Protest Eases
    Cargo-handling operations at the Port of Oakland returned to normal Thursday morning following a night of disruptions from the Occupy...
  • Rotterdam Sees Traffic Rise, Expects Slow Year-End
    Rotterdam container traffic in the first three quarters of 2011 grew 7.7 percent year-over-year, but Europe's biggest port warned growth...
  • Full Speed Ahead for Railroads
    Intermodal rail traffic is maintaining good momentum this autumn even as the international shipping business moving containers on the water...
  • Battling to Stand Still
    Backers of two competing transportation plans are jockeying for support by selling their initiatives as job creators and taking shots...
  • Greenbrier Profit Rises 64 Percent on Record Sales
    Propelled by surging rail equipment demand, railcar and barge maker Greenbrier Companies saw profit jump 64 percent to $12.6 million...
  • Higher Pricing Boosts Roadrunner Profit 38.2 Percent
    Acquisitions, rate hikes and a surge in freight pushed revenue up 38.2 percent to $226.2 million in the third quarter...
  • Savannah Container Traffic Jumps 11.1 Percent
    Container throughput in September at the Port of Savannah jumped 13.5 percent sequentially from August and by 11.1 percent year-over-year....
  • Ray LaHood Wakes Up, Finally!
    Last month, while speaking at the Washington Post Fixing America's Foundation: Rebuilding Transportation Infrastructure conference, Transportation Secretary Ray LaHood cemented...
  • Amsterdam Schiphol Cargo Volume Falls 6 Percent
    Amsterdam Schiphol airport handled 6 percent less cargo in September than a year earlier, but Europe's third largest freight hub...
  • Maersk's Barfod Discusses No-Show Clause, Reefer Slow-Steaming Challenges (Video)
    Thue Barfod, refrigerated container business development manager at Maersk Line Hong Kong, discusses Maersk's new no-show clause with Stephanie Nall...
  • Currency Pulls Panalpina Profit Down 7 Percent
    Panalpina reported lower third quarter profit as a strong Swiss franc offset record ocean container volume and strong air freight...
  • Fines Against ILWU for EGT Protest Top $300,000
    The International Longshore and Warehouse Union was fined $65,000 for blocking access to a controversial grain terminal in Longview, Wash....

Containerisation Internationalweb site
NOVEMBER 3, 2011
  • New twist in eurozone crisis as Greek PM 'resigns'
    Finding himself in between a 'rock and a hard place' - having announced a referendum on the eurozone rescue plans for his country, but being told by EU leaders ...
  • Russia's rail freight arm privatised; but still Russian
    The transport division of Russia's state railway group RZD has been sold to Universal Cargo Logistics Holding (UCL), owned by Russian tycoon Vladimir Lissin. The ...
  • Climate change committee: include shipping in UK's emissions target
    The Committee on Climate Change (CCC) said in a report today that shipping should be included in the UK's climate change budgets, which under the Climate Change ...
  • New Yangtze terminal given go-ahead
    A proposal for a new terminal to be constructed in Wuhu, on the Yangtze River, has been given the green light after China's Ministry of Transport (MOT) approved ...
  • Weak transpac and Asia-Europe trade impacts OOCL's Q3
    OOCL is the latest carrier to see its Q3 financial results negatively affected by the weak volumes and plunging freight rates in the major east-west trades: its ...
  • Oakland shuttered by 'Occupy' protesters
    'Occupy Wall Street' movement demonstrators forced the closure of the US west coast port of Oakland last night with officials advising that maritime operations ...
  • Greek tanker falls to Somali pirates
    Although as yet unconfirmed by EUNAV FOR, the NATO Shipping Centre has advised that an 11,600 dwt Greek chemical tanker was pirated on Monday while sailing within ...

TradeWindsweb site
NOVEMBER 3, 2011
  • Port protest ends in tears
    Port of Oakland back online as police use tear gas to end violent Occupy Wall Street rally.
  • DryShips seals merger
    George Economou's bulker empire expands as shareholders approve $239m takeover of OceanFreight.
  • Even worse than 2008
    China's transport minister believes current shipping downturn to be worse than 2008.
  • Gulf Nav loss grows
    Dubai tanker owner posts bigger deficit in weak third quarter markets.
  • Algoma on the up
    Toronto-listed bulker and tanker owner turns in improved third-quarter result as revenues rise.
  • Greek tanker hijacked
    Gunmen seize Ancora Investment Trust ship off Nigeria, and supply ship also taken.
  • Cantor drops FreeSeas
    Greek bulker owner dealt another blow as analyst Natasha Boyden discontinues research coverage.
  • Silence threatens GMR
    Cancelled conference call fuels uncertainty as cash-strapped tanker owner's stock plummets 15% in early trading.
  • Pirates release Blida
    Algerian-owned bulker freed after ten months of captivity off Somalia following reported payment of $2m ransom.
  • Stolt swaps old for new
    Chemical tanker owner and storage operator bundles up existing credit lines into one.
  • SCF wins appeal approval
    Sovcomflot has been told it can contest earlier court ruling over bribery of former employee in its $800m corruption claim.
  • Freeseas sale cuts debt
    Nasdaq-listed owner re-jigs loan with Credit Suisse after disposal of Free Lady.
  • Passenger dies
    Man leaps to his death after blaze broke out on Pella in Red Sea off coast of Jordan.
  • Caspianmaxes coming
    New Baku shipyard to turn out six tankers a year to carry Kazakh crude, including two vessels of up to 70,000 dwt.

American Shipper - Ocean newsweb site
NOVEMBER 3, 2011
  • New fuel tested by Marad, Navy
    A fuel that is partially made by algae has been tested as part of a joint effort by the Departments of Defense and Transportation. Culture mixed with ultra low-sulphur diesel.
  • Vessel valuation service adds boxships
    The online ship valuation service VesselsValue has added containerships to its vessel categories. It now values containerships from feedermax (500 TEUs) up to ultra-large container vessel (18,000 TEU) size.

The Bunker Bulletinweb site
NOVEMBER 3, 2011
  • Conference focuses on emissions control and LNG fuel alternatives
    Vote was taken to determine IBIA's position on whether the organisation should lobby IMO to postpone the 0.1% cap in 2015.
  • Fujairah prices fall
    Supplies were tight for prompt dates.
  • EPA approves engine replacement grant
    The boat's old engines are from 1953 and 1960, decades before emission standards went into effect.
  • Rotterdam market softens
    High volume of enquiries in Hamburg.
  • Guilty pleas and $750,000 fine following US oil spill
    Owners and operators of a Cyprus-based ship have been convicted of environmental crimes following a spill in the Port of Portland.
  • Russian crude output up after new export duty regime
    New tax system designed to increase country's crude oil export at the cost of fuel oil.
  • Ship emission reduction measures 'must be global'
    Chamber of Shipping warns UK-specific ship emission reductions would be distorting, but agrees shipping should not be excluded from carbon targets.
  • Bunker prices falling in key Asian ports
    Prices lower despite slight increase in WTI crude futures.
  • Call for support on switch to cleaner fuels in Hong Kong
    Added cost to shipping firms for switching to low sulphur fuels pegged at $2-3 million per annum.
  • UK's shipping emissions 'should be included' in climate targets
    Committee on Climate Change review says UK's international shipping emission will be 'material', but admits calculations are uncertain.
  • Salvage efforts resume on Rena as weather improves
    Teams to re-establish on-board systems for fuel removal, says MNZ.
  • South China fuel oil imports down 33% in October
    Ample stocks of fuel oil at South China-based terminals.

›››File
FROM THE HOME PAGE
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.
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%)
In the second quarter, Spanish ports handled 144.8 million tonnes of goods (+2.9%)
Madrid
Record for conventional goods and containers (in TEU)
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.
Medlog (MSC Group) acquires a stake in Interporto Bologna
Bologna
Caliandro: Industrial development that will allow us to achieve our rail freight traffic objectives
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%).
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 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.
The maritime sector is divided between cautious support and criticism over the EU ETS review.
Brussels/Washington/
Copenhagen/Piraeus/Rotterdam
Yet another attack on a ship in the Strait of Hormuz
Southampton
A tanker was hit and abandoned by the crew.
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.
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
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
For Assarmatori, the Commission's proposal on the EU ETS is timid, while more courageous measures were expected
Brussels
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.
Another ship was hit by a shell in the Strait of Hormuz
Southampton/Tampa
US Marines conducted an inspection aboard a sanctioned oil tanker
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
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.
COSCO Shipping Ports sets new quarterly and half-year container traffic records
Hong Kong
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
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.
Turkey's GIH acquires Royal Caribbean's stakes in Kusadasi and Lisbon cruise terminals
Istanbul
Shareholdings rose to 99.99% and 60% respectively
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
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
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
The rail sector is calling for recognition of its contribution to decarbonisation in the EU ETS review.
Brussels
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
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
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
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%)
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%
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
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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
Finnlines reports record quarterly revenues
Helsinki
In the April-June period, net profit was 42.9 million euros (+64.7%)
Spinelli Group approves 2025 sustainability report
Genoa
Production value grew by 5%. New hires increased by 48%.
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
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
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
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
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%
Yang Ming orders Hanwha Ocean to build six 13,000 TEU dual-fuel containerships
Keelung
Contract valued at over $1.2 billion
The toll of attacks on ships in the Black Sea worsens
Odessa
Ten dead on board a ship leaving the port of Odessa
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
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.
ALIS: Commission's proposals on the EU ETS are positive, but serious issues remain.
Rome
MIT adopts cold ironing guidelines
Rome
The aim is to ensure clear, uniform and transparent criteria for all Port System Authorities.
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%
Western Liguria Port Authority approves 2026 budget update
Genoa
Assiterminal clarifies its doubts about the responsibilities assigned to Porti d'Italia Spa.
Genoa
ABB buys British Rotork
Zurich/London
The Bath-based company specializes in flow control and industrial automation.
Central Adriatic Port Authority refinances €100 million from the Infrastructure Decree
Ancona
The funds concern seven strategic interventions of the port system
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%
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
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
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
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%)
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
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
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.
Port of Gioia Tauro: tender launched for completion of dredging activities
Gioia Tauro
The expected duration of the contract is 60 days
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%)
The first steel cutting of the Carnival Destiny cruise ship.
Monfalcone
Fincantieri and Carnival celebrate the thirtieth anniversary of their collaboration
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.
European Logistics Observatory established
Brussels
The aim is to strengthen the competitiveness, resilience and sustainability of European logistics.
Agreement reached at Mimit with JSW to relaunch the Piombino steelworks
Rome/Livorno
Gariglio: Strengthening integration between port docks and industrial areas
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
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