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Independent journal on economy and transport policy
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February 8, 2013
Sched Netweb site
  • Emirates increases Far East, SE Asia-Mideast rate US$500/TEU March 15
  • Cosco chairman Wei under pressure to step down after 2nd big annual loss
  • MOL on time arrival performance on Asia to US trade lanes suffers setback
  • Cosco, KHI joint shipyard's 13,000-TEUer given trial run on lower Yangtze
  • ICTSI wins Honduras bid for 1.8 million TEU capacity container terminal
  • Shanxi highways now exceed 5,000 kilometres linking 90pc of province
  • Zim splits FE-India-Med-N Europe into 2 with slots with MSC, Maersk
  • MOL weekly feeder service Peru-Ecuador links with New World Alliance
  • CP Rail poaches 2nd top executive from CN, though US law suit settled
  • Korean Air back in black as 2012 profit up 3.7pc to US$235 million
  • JAL quarterly cargo up 4.8pc as profit falls 5.3pc on 2.2pc fewer sales
  • Tests start on airship to carry cargo to military bases, disaster zones

Exim Indiaweb site
FEBRUARY 7, 2013
  • CBEC & WCO bestow Certificate of Merit on Navkar Corp.
  • Shipping Secretary to grace international conference as Chief Guest
  • Antwerp Port organises business meet in Chennai
  • GDL acquires new CFS in Chennai; posts 9 pc revenue growth in Q3
  • INR remains firm on increased dollar selling
  • AEPC seeks flat 5 pc duty on cotton fabric varieties

International Transport Journalweb site
FEBRUARY 7, 2013
  • LOT cancelling this and next month's B787 inaugural services
    LOT Polish Airlines is cancelling its planned Boeing 787 operation for all of February and March 2013. The move impacts the B787 inaugural service to New York JFK (USA), scheduled ...
  • Wabash expands tank trailer portfolio and geographic footprint
    US-based Wabash National Corporation has agreed to acquire certain assets of the tank and trailer business of Beall Corporation, a Portland OR (USA)-based manufacturer of aluminiu...
  • Kombiverkehr launches more than 30 new trains
    Frankfurt (Germany)-based Kombiverkehr KG is adding an extra 32 train departures a week to its network to enable it to meet the sharp increase in demand for intermodal transport op...
  • Norfolk Southern invests in freight rail service, safety, and sustainability
    Norfolk Southern Corporation (NS), a US-based transport provider, plans to spend USD 2 billion on capital improvements to its rail transportation network this year. The largest exp...
  • Memphis: "Recat" increases capacity significantly
    Capacity at Memphis TN (USA) airport has increased significantly since the US Federal Aviation Authority (FAA) revised wake turbulence separation standards on 1 November 2012. The...
  • Volvo Trucks investing in China
    AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of DFG's new subsidiary, Dongfeng Commercial Vehicl...
  • G6 Alliance expands cooperation to transpacific trade
    The six member lines of the G6 Alliance are expanding their cooperation to the Asia-to-North America east coast trade. They will deploy more than 50 ships in the transpacific trade...
  • Aeroflot finally gets long awaited permission for B777-300ER commercial flights
    The Russian carrier Aeroflot has finally received permission to operate its new long-haul Boeing 777-300ER aircraft and has immediately put it into service. The company got t...
  • Ceva appoints new head of operations for China
    Ceva Logistics appointed Jaap Bruining as its new head of operations for China, effective 1 February 2013. Bruining will be located in Shanghai after eight years of operational exp...
  • UPS expands healthcare network in key locations across North America
    The US integrator UPS is significantly expanding its global healthcare distribution network in five key markets in North America. Locations to be enlarged include facilities in Bur...
  • Davies Turner and Ekol Logistics cooperate
    Some 45 years after identifying the potential of the Turkish market, the British forwarder Davies Turner is set to further expand its multimodal presence in the trade between the U...
  • DSV Air & Sea launches express and courier service
    DSV Air & Sea Ltd has launched its own courier and express service so that customers can use one company for all their logistics needs. Online pricing enquiries, booking, track...
  • Hertzog and Partner opens new branch office in Germany
    Hamburg-based Elmar Hertzog and Partner Management Consultants GmbH has opened a new branch office that is responsible for Hesse, Rhineland-Palatinate and the Saarland regions in G...

World Wide Shipperweb site
FEBRUARY 7, 2013
  • Port of Portland business delivers gains during 2012
  • Firm finds Quincy rail service leaves smaller carbon footprint
  • Drewry performance report finds reliability numbers on rise
  • Port of Bellingham joins team calling for support from legislature
  • Port of Vancouver sees progress on Alcoa site capping project

Lloyd's Listweb site
FEBRUARY 7, 2013
  • Maersk Tankers enters the West Africa danger zone
    BP charter of Maersk Katarina raises controversial issue of premiums for owners willing to risk piracy
  • Warmer times ahead for tanker workhorses
    Good news for aframaxes as Russia increases its exports this year
  • Who will swoop for BG Group?
    Shell and ExxonMobil have been named likely suitors
  • Crunch time looms for the KG market
    'Hysterical' lenders have not learned from their past mistakes
  • Japanese gas demand keeps LNG bubble bouncing
    Falling imports would deal a serious blow to tonne-mile demand
  • Hanjin Shipping ranked most reliable carrier
    Daily Maersk loses competitive advantage as South Korean line takes the top slot
  • Case dismissed
    Good news for Carnival as a Florida judge rejects a Costa Concordia family filing
  • Scorpio orders four handymaxes for $120m
    Feverish expansion sees attention turn to financing
  • Blowing bubbles
    Is a slump in Japanese imports about to scupper LNG tonne-mile demand?
  • New Braemar Adjusting chief to focus on 'burgeoning' markets
    Loss adjuster to open Dubai office in April
  • US shippers ask FMC to scrutinise plans for transpacific merger
    NITL demands due diligence on move to unite carrier groups
  • Jaya quarterly net profit surges fivefold to $6.5m
    Rise in offshore chartering combines with delivery and disposal of three vessels
  • Zombie shipping firms - a spotter's guide
    Follow the Lloyd's List Intelligence crib sheet to avoid surprise nasties
  • Varun slips back into the red
    Troubled Indian tanker operator reports a quarterly loss to end-December
  • HHI sees 2012 net profit dive 62.2%
    World's largest shipbuilder slips into the red in fourth quarter
  • MR product tankers lifted by transatlantic rate spike
    US refiner Valero charters vessel at new high of W192.5
  • HHLA posts weaker results despite box volume growth
    Hamburg port firm earned a premium on capital costs, says chairman
  • Hijacking, the debate
    Attacking, holding and robbing a vessel by any other name...
  • DNB increases shipping impairments
    Profits fall 7% in fourth quarter, Norwegian bank reveals
  • MOL to join APL's China-Middle East service
    Move follows G6 expansion into transpacific trades

Fairplayweb site
FEBRUARY 7, 2013
  • Scorpio newbuilding order frenzy continues
    NYSE-listed Scorpio Tankers today pulled the trigger on four more options, bringing its confirmed newbuilding slate to 20
  • HHI plunges into red
    HYUNDAI HI today posted losses of 348.1Bn won ($318.7M) for 4Q12, reversing profits of 71.3Bn won in 4Q11
  • SK decides not to pursue STX Pan Ocean
    STX CORP'S attempt to sell control of STX Pan Ocean became more confused today, when SK Holdings told Fairplay it no longer planned to bid
  • Varun crashes to losses
    MUMBAI'S Varun Shipping, which is undergoing deep restructuring, today crashed to quarterly net losses, from profits year on year
  • GES profits jump 119%
    BETTER earnings from tankers and a foreign exchange gain of 730M rupees ($14M) helped Great Eastern Shipping to report today a 119% jump in net profits
  • Thai growth predicted
    THAILAND'S Kasikorn Research Centre expects growth this year for the Thai maritime transport sector
  • Russian 'pig needs help'
    RUSSIA'S pork sector is squealing to the Kremlin for feed subsidies
  • South Pacific heats up
    MAERSK Line's withdrawal from the New Zealand/Tahiti trade has sparked a range of initiatives aimed at seizing its former market share
  • Shipping: hands off EU transport budget
    EUROPE'S shipowner and port bodies called on leaders of EU governments to shun transport cuts when two days of budget talks resume today
  • Beijing approves oil imports
    BEIJING was reported today to have approved a deal granting access to 10M tonnes of imported crude to government-owned ChemChina
  • Ningbo to spend 3Bn yuan on port schemes
    NINGBO plans to invest more than 3Bn yuan ($476.5M) to complete six 10,000-tonne-plus port berths in 2013
  • ASL's quarter profits jump 40%
    ASL MARINE Holdings of Singapore today posted a 40% year on year increase in net profits during its second financial quarter
  • Jaya's profits surge 186%
    JAYA HOLDINGS said today high revenues from its offshore segment increased its first-half profits by 186% year on year to $16.6M
  • Seadrill can buy back transferred shares
    SEADRILL said today it has financed an allocation of shares in Sevan Drilling by transferring them to a bank, with an option to buy them back in May
  • LR tanker investments may rise this year
    INTEREST is rising in LR product tankers this year, ICAP Shipping said today, following up the surge in MR product tanker newbuildings of 2011-12

The Journal of Commerceweb site
FEBRUARY 7, 2013
  • WCI Index Shows Jump in Pacific Westbound Rates
    Trans-Pacific westbound rates shot up this week; backhaul Europe-Asia rates also climbed but by a lesser amount, according to the Thursday release of the weekly World Container Index. Trans-Pacific westbound rates were up 9.4 percent this week to $921 per 40-foot container and are up 5.4 percent since the beginning of...
  • Nippon Express (Europe) to Acquire Franco Vago
    Nippon Express (Europe), a subsidiary of Tokyo-based logistics business Nippon Express, has signed a share purchase agreement to acquire all shares of Franco Vago, a Florence, Italy-based apparel-related logistics company. Nippon Express acquired Franco Vago to augment its own apparel logistics operations in certain markets, particularly in emerging countries in Asia...
  • Working With, Not Against, China
    There's a lot of negative rhetoric being spouted about China around the world these days. Frustrated European policymakers, for example, complain because Beijing has been unwilling to jump in and bail out the debt-laden European Union without some assurances. In Washington, lawmakers in Congress are concerned the Chinese are deliberately holding...
  • Annual Review & Outlook 2013: North Atlantic Alliance Association
    The high tide of containerized U.S. exports in ocean shipping will continue to ebb in 2013. Overcapacity is returning to levels of the last decade, when ocean freight rates plummeted to record lows. The economic weakness in Europe and the U.S., coupled with a slowdown in China's manufacturing, create a...
  • Annual Review & Outlook 2013: National Ports and Waterways Initiative, University of New Orleans
    Coastal shipping refers to container and trailer services routed along the U.S. Atlantic, Gulf and Pacific coasts. All attempts to provide such services have failed. The most recent failed effort, despite a generous grant, was SeaBridge, between Port Manatee, Fla., and Brownsville, Texas. In contrast to the United States, coastal...
  • Annual Review & Outlook 2013: Montreal Port Authority
    The state of the global economy will likely continue to preoccupy decision-makers during 2013, especially as the maritime sector continues to struggle with financial and capacity issues. Of particular concern for East Coast ports is the enduring debt crisis affecting the eurozone, set against a backdrop of modest gains expected...
  • Parties Scramble in Wake of Mixed OCU Vote
    Three of the more than a dozen bargaining units representing office clerical workers in Los Angeles-Long Beach sent employers and union leaders scrambling Thursday by rejecting a tentative contract agreement that was reached in December. The Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers were...
  • Dubai World Central's Air Cargo Volume Soars
    Dubai Airports, which owns and manages Dubai International Airport and Dubai World Central International Airport, today reported Dubai World Central handled 219,092 metric tons of air freight in 2012, a jump of 144 percent from 2011, the airport's first full year of operations. Dubai World Central's average monthly air cargo volume in...
  • Annual Review & Outlook 2013: MOL (America)
    One of the underestimated developments we saw in 2012 was further slow-steaming. Transit times of three to four days longer prevailed in 2010 and 2011. Eventually, many customers embraced this reality. In 2013, the trend will likely continue if a few key facts remain in place: Shippers' debt ratio is low. Interest...
  • Annual Review & Outlook 2013: Metro Group Maritime
    Collaboration will be the theme for the container steamship lines this year. Container ship owners and management are making comments such as, "Four or five years ago, we would have never considered such things (as collaborations), but now we must." The lines are looking more and more to the outside...
  • Catapult International Opens Office in Hong Kong
    Kansas City, Kan.-based logistics software provider Catapult International has opened an office in Hong Kong to better serve clients in Asia. Vince Fung, a 20-year veteran in the ocean shipping industry, will serve as managing director of the new office. The company also plans to open an office in Hamburg, Germany, in...
  • 'K' Line (India) Begins Triple-Decker Motorcycle Truck Service
    "K" Line (India)'s new triple-decker motorcycle carrier. "K" Line (India), "K" Line's subsidiary in India, has launched a transportation service with a triple-decker motorcycle carrier from the distribution center of a motorcycle manufacturer in the Delhi area to its domestic depot. The company began trial operations with the three-level motorbike truck in...
  • Consolidators International Promotes Pazsternak
    U.S.-based Consolidators International has promoted Les Pazsternak as senior vice president for the Southeast. The freight forwarder also hired Brad Reybourne as development manager for the Southeast at CII's Atlanta facility. Pazsternak, based in Chicago, will continue his vice president duties for the company's Southwest and Midwest regions. He is a...
  • Port of San Diego Board Takes Up Shore Power Project
    Moored vessel at Port of San Diego. Following a 30-day public review period, California's Port of San Diego will release its final Mitigated Negative Declaration for the Port Capital Improvement Project, an environmental document relating to the proposed shore power project at the Tenth Avenue Marine Terminal, on Feb. 12 at...
  • A-1 Express Launches Long-Distance Freight Services
    Atlanta-based courier service company A-1 Express has launched long-distance freight services across the U.S. The company said the service can deliver freight without restrictions on size or weight. Long-distance freight services include commercial freight and residential freight deliveries....
  • US Reps. Richmond, Grimm Form Maritime Caucus
    U.S. Reps. Cedric Richmond, D-La., and Michael G. Grimm, R-N.Y., have established the Congressional Maritime Caucus, which will work to raise awareness among members of Congress on maritime-related topics. "I am confident that this caucus will be a voice for the entire maritime industry, one that stresses how critical this industry...
  • North American Intermodal Container Volume Sets Record High
    Intermodal container volume reached a record high in 2012 with 13.1 million moves, surpassing the previous year by 5.9 percent and the former high in 2007 by 9.8 percent, according to the Intermodal Association of North America's Intermodal Market Trends & Statistics report. For the third consecutive year, domestic containers were...
  • IBEW Workers Ratify Canadian National Contract
    Members of the International Brotherhood of Electrical Workers System Council 11 at Canadian National Railway have ratified a four-year labor collective agreement that provides improvements in wages and benefits for about 700 CN signal and communications employees. The agreement is retroactive to Jan. 1, 2013. It was negotiated before the former contract...
  • Barloworld's Dedicated Logistics Unit Merges with Manline
    Johannesburg-based Barloworld Logistics' Dedicated Transport Services division has concluded its merger with the Manline group, a logistics provider in Southern Africa. The merged business, called Barloworld Transport Solutions, has become a 50.1 percent-held subsidiary of Barloworld Logistics. The transaction involved the disposal of DTS together with a cash contribution, in exchange...
  • Belgium's Damen Shipyards Delivers Freighter
    Damen Shipyards Bergum's Combi Freighter 3850 for Hartel and Hudig & Veder. Damen Shipyards Bergum, a subsidiary of Damen Shipyards Group, has delivered the Hoogvliet, a Damen Combi Freighter 3850, to Hartel Shipping and Hudig & Veder. The carrier for oversize cargo was launched at Cruise Terminal Rotterdam in the Netherlands. The vessel...

Containerisation Internationalweb site
FEBRUARY 7, 2013
  • NITL calls on FMC to put TSA-WTSA merger under microscope
    The US 'voice of the shipper' National Industrial Transportation League [NITL] has urged the Federal Maritime Commission [FMC] to 'closely examine the ramifications ...
  • HHLA posts weaker results despite box volume growth
  • Port of London 2012 trade down 10%, but Gateway beckons
    Trade through the terminals and cargo handling facilities on the River Thames fell by 10% to 43.7 million tonnes during 2012, the Port of London Authority (PLA) ...
  • MOL to join APL's China-Middle East service
  • New Mombasa Dry Port opened by APM Terminals
    APM Terminals (APMT) has opened a new 7.3ha inland container freight station (CFS) 4km from Kenya's primary port of Mombasa. The new facility ...
  • Sokhna in trouble again
    After the disruption of seperate industrial unrest in February and October of last year the Egyptian Red Sea port of Sokhna seems to have more labour problems to ...

TradeWindsweb site
FEBRUARY 7, 2013
  • GLDD lands dredge job
    Great Lakes Dredge & Dock has secured a contract that calls for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey.
  • TBS seals scrap pact
    TBS International of the US has finally parted ways with an ageing tweendecker that was sold for scrap late last year.
  • Peraticos in the crosshairs
    Pegasus Shipping collapsed during the junk bond crisis nearly 10 years ago but some of its creditors are still entrenched in fierce legal battles with former patriarch Nico Peraticos.
  • Record MR fixtures for US
    US oil products exports have risen sharply since September with medium-range tanker fixtures from the Gulf Coast reaching a record high in January, fuelling spot rate rises in the Atlantic.
  • Mississippi melee
    Teekay is gearing up for a legal battle linked to a smash that rocked the Mississippi River nearly a year ago.
  • Glencore gig for Greek
    Target Marine has picked up a fresh period contract for one of its panamax bulkers.
  • ISC up on vessel sale
    International Shipholding Corp (ISC) has posted big rise in fourth quarter earnings thanks to the sale of a vessel.
  • Great Eastern stronger
    Lower costs and rising revenue have spurred India's Great Eastern Shipping to a bigger third quarter profit.
  • Final OBO departs
    John Fredriksen is waving farewell to the last of his capesize combination carriers.
  • GC Rieber sells oldie
    GC Rieber Shipping has agreed to sell an ageing 2D seismic survey vessel.
  • Scorpio not done yet
    Three newbuilding orders during a hectic start to 2013 have yet to use up half of the cash Scorpio Tankers has in its arsenal, sources say.
  • STNG chalks up four more
    Scorpio Tankers has opened its chequebook for the second time in a week to take up newbuildings in South Korea.
  • Massive misunderstanding?
    A report from Indonesia last month that the country was planning to order 2,500 small ships in China certainly made the world of shipping sit up and take notice.
  • Pyxis: Guards saved ship
    Greek manager Pyxis Maritime has revealed that the hijacking attempt on the Pyxis Delta in Nigeria that killed one crewman was foiled by armed guards.
  • Eyssautier sets new course
    French marine insurance broker, Groupe Eyssautier, is setting course for expansion following a management buyout that sees the company regain its independence.
  • Havyard builds China tally
    Norway's Havyard has bagged another order from a Chinese shipowner for one of its offshore support vessel designs.
  • Vinashin Ocean to fold
    Vietnamese prime minister Nguyen Tan Dung has approved a restructuring plan for national owner Vinalines, including the bankruptcy of its Vinashin Ocean Shipping (Vinashinlines) subsidiary.
  • MOL joins APL
    Japan's MOL is teaming up with APL for a new China to Middle East containership service.
  • Wrinkles not concealed
    We all know it's not polite to ask a lady her real age.
  • Jaya earnings rocket
    Jaya Holdings has reported a huge rise in final quarter earnings thanks to more vessel sales.
  • Subsea 7 ties up two
    Oslo-listed Subsea 7 has clinched more pipe-lay work with a deal in Nigeria.
  • Buys tricky for Knightsbridge
    Knightsbridge Tankers' faces a challenge to boost its capesize fleet given limited growth opportunities available to the company, analysts say.
  • HSH asks for more
    German shipping lender HSH Nordbank needs another EUR 3bn ($4bn) in loan guarantees to "ensure adequate capital resources" in the downturn.
  • Sembcorp bags topsides deal
    Sembcorp Marine has secured its first major contract of the New Year.
  • B+H smokes OBO
    B+H Equimar has sent one of its OBOs to the scrap heap.
  • Tamai turns red
    Japanese bulker owner Tamai Steamship has slumped to a loss in the first nine months of its financial year.
  • Hyundai Heavy falls to red
    Hyundai Heavy Industries has fallen to a surprise loss in the fourth quarter of the year.
  • DNB writes down more
    Trouble in key shipping markets led the industry's largest lender to book its chunkiest writedown of the year in the final quarter of 2012.
  • Stena Line hails record
    Sweden's Stena Line has posted record passenger and car volumes in the North Sea for 2012.
  • Charged in 10 minutes
    Norwegian shipyard Fjellstrand is developing what is claimed to be the world's first battery-powered electric ferry.
  • Frontline orders double
    John Fredriksen's Frontline 2012 has added two more 115,000-dwt tankers to its series of newbuildings at Guangzhou Shipyard International (GSI) in China.
  • Mercator sells VLOC
    Mercator Lines (Singapore) has been forced to sell its only VLOC to help pay-off debts on two terminated charters.
  • Hanjin turns it around
    Korean shipbuilder Hanjin Heavy Industries & Construction has returned to profit in 2012, despite a fall in revenue.
  • Bulker pile up in Oz
    Gladstone Port has seen the number of ships waiting to load cargo swell amid weather related disruptions to coal supplies.
  • Diamond upgrades duo
    Diamond Offshore Drilling is to upgrade two of its semi-submersible rigs to take advantage of higher-spec work.
  • HOS adds to orderbook
    Hornbeck Offshore has ordered another four offshore support vessel newbuildings in a move which increases its tally to 24 ships.
  • Jindal back at Lamprell
    India's Jindal Group has returned to Lamprell to order a second jack-up drilling rig newbuilding.

American Shipperweb site
FEBRUARY 7, 2013
  • NEWSFLASH: ILWU Local 63 OCU clerks reject some contracts
    Members of the International Longshore and Warehouse Union's Local 63 Office Clerical Unit rejected some of the proposed contracts that were reached with employers last December during ratification voting on Wednesday night.
  • Stockton takes over stalled marine highway project
    In December 2011, the Port of Stockton hired Salt Lake City-based Savage Cos. to operate the barge service. Officials planned to begin scheduled service during the first quarter of 2012.
  • U.S. truck orders up in January
  • Drewry finds carrier performance improved
    "While carriers deserve some plaudits for their improving reliability, a worrying trend for cancelled or blank voyages is emerging as carriers attempt to redress weak supply and demand fundamentals," said Simon Heaney of Drewry.
  • MOL's new China- Mideast express service
  • 'K' Line starts triple-deck motorcycle hauls in India
  • Horizon arranges to buy 3 Alaska ships
  • Con-way's 2012 profits up despite lower 4Q
  • 2012 intermodal container volume at all-time high
  • Tropical expects better earnings in 2013
  • Transport mergers and acquisitions on the rise
  • Air cargo volumes down in Atlanta
  • DB Schenker builds Singapore warehouse
  • STB approves trucker chassis pool
    The board said NACPC's 10 current members account for a very small percentage of the estimated 7,000 motor carriers that provide intermodal transportation of marine chassis in the country.
  • ROAR expands to West Coast
  • Executive moves
  • Industry groups want GSP renewal
    The program is set to expire at the end of July and American companies would face $2 million per day in new taxes if Congress fails to renew GSP by Aug. 1, according to the Coalition for GSP.
  • FMC reviews 11 OTI license applications
  • Counterfeit toy importers indicted in New York
  • U.S. takes solar dispute with India to WTO

The Bunker Bulletinweb site
FEBRUARY 7, 2013
  • IMO still struggling with response to black carbon
    No agreement yet on definition or measurement methods; debate continues on justification for regulation.
  • Prices uncertain in Fujairah
    Mixed outlook in place in most bunkering hubs.
  • Prices follow crude
    Rising crude values are driving up bunker prices.
  • Norwegian engineering firm in LNG bunkering study
    Study to determine size of possible LNG bunkering station.
  • Weather disrupts bunkering at Malta
    Weather conditions expected to worsen.
  • New name on MPA's list of Accedited Suppliers
    Pacific Bunkering Services brings to 72 the number of players listed on the MPA website.
  • Gothenberg: LNG terminal has industry support
    Gothenberg 'natural hub' in national infrastructure solution.
  • Fuel oil stocks fall
    Increased outflows to China.
  • LNG: EU outlines bunkering policy
    Commission supports 'initial stages' of LNG bunkering infrastructure.
  • High tolls could drive vessels away from Suez Canal
    Slow steaming has already made routing ships round the Cape of Good Hope 'relatively less expensive'.
  • Asian bunker prices strengthen further
    Singapore's price of benchmark 380 cSt bunker fuel rose $3 to average at $654.50 pmt.
  • Sanctions fraud 'probe' centres on UAE company
    Fujairah serves as route to market for Iranian oil, says UANI.
  • Singapore vessel arrests on the rise
    Vessel arrests jumped 36% year-on-year.
  • Subsidy on MDO prices for India's fishermen
    India's Petroleum Minister says fishermen should not be taxed as bulk buyers.
  • MAN Diesel receives orders for VLCC engines
    The orders were from Greece-based Almi Tankers.

›››File
FROM THE HOME PAGE
Renaissance Partners has signed a binding agreement to acquire De Wave Group.
Genoa/Milan
The Genoese company will be sold by the American company Platinum Equity
Decarbonizing shipping: a €36 billion challenge and a €45 billion opportunity for Italy
Cernobbio
Without investments in ports, Italy risks losing 80 billion euros in added value by 2050.
Canadian unions want BC Ferries to build new ferries in British Columbia
Delta
The company's latest order was to Chinese company CMI Weihai
Filt, Fit, and Uilt should withdraw the amendment that puts port businesses and cooperatives at risk under Article 17.
Rome
The unions fear the progressive replacement of a structural function of the port with precarious forms of work
Norwegian Nor Cruises signs MoU with China's SWS for 2+3 new cruise ships
Shanghai
The units would have a gross tonnage of 84,000 tons
In July, ship traffic in the Suez Canal increased by +27%
Cairo
In the first seven months of this year, maritime traffic was 8,244 ships (+15.9%)
Tomorrow Kombiverkehr will launch an intermodal connection between Regensburg and the Interporto Quadrante Europa
IMO, the Net-Zero Framework remains stalemate: agreement on carbon pricing is still lacking.
London
38 states voted in favor and 17 against. Formal adoption postponed until December.
Brussels launches the Maritime Industrial Alliance
Brussels
The EMA, the new EU instrument to coordinate industry, member states, and investors in the maritime sector, is born.
The safety and sustainability of ship recycling operations must also be guaranteed in the downstream work phases of the supply chain
Geneva
This is underlined by the representatives of the unions belonging to IndustriALL Global Union
Study to create a maritime corridor between the UK and the US using nuclear-powered container ships
London
Two Filipino sailors killed from ship attacked Monday in the Strait of Hormuz
Riyadh
Bahri VLCC Sidr hit
Shipowners' associations welcome proposal to include two Indian shipyards in EU list of ship recycling facilities
Brussels
BIMCO, ECSA, ICS, Intercargo, Intertanko and WSC consider this an important step towards addressing the structural capacity shortage in the European list
In Panama, the provision that protected the confidentiality of port concession contracts has been repealed
Balboa
The Panama Maritime Authority has accepted the request for transparency made by President José Raúl Mulino.
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.
For the first time, a woman leads the Panama Canal Authority.
Balboa
Engineer Ilya Espino de Marotta's term will expire in 2033.
Blu Navy has acquired a stake in Banca dell'Elba
Portoferraio
Schenone: We are a group united by the desire to contribute to the economic and social development of the island.
HMM signs a contract worth approximately $3.5 billion with Vale
Seoul
It involves the maritime transport of iron ore on behalf of the Brazilian company
Kongsberg Maritime signs deal to buy Finland's Steerprop
Oslo
The Rauma-based company designs and manufactures marine propulsion systems
New drug seizure in the port of Livorno
Livorno
53 kilograms of pure cocaine in a container from Peru
In the first three months of 2026, freight traffic in Belgian ports fell by -4.0%
Brussels
Landings and embarkations decreased by -2.0% and -6.4% respectively
A series of meetings on the new Port System Master Plan for the ports of Genoa and Savona-Vado has begun.
Genoa
The new concession agreement with Amico & Co Spa has been finalized.
Port of Ravenna: Extraordinary maintenance of the "truck-accessible" section of Via Baiona has been approved.
Ravenna
MacGregor will celebrate the 65th anniversary of its Italian branch in Genoa
Genoa
The company is based in the Naval Repair area of the port of Genoa
Anemoi wind propulsion system to be installed on a Maersk container ship
London
The aim is to increase the ship's energy efficiency and reduce its emissions.
The selection process for the new Secretary General of the Central-Northern Adriatic Sea Port Authority has begun.
Ravenna
Expressions of interest to be submitted by September 21st
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.
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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
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%.
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
Costa Cruises announces change of management for the Americas region.
Genoa
Jorge Serrano Martín de Vidales will replace Dario Rustico
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%
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
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%)
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
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