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Independent journal on economy and transport policy
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BRIEFS
August 7, 2014
Sched Netweb site
  • Hapag-Lloyd to increase Asia-Europe rate US$650/TEU from August 18
  • Sinotrans posts 525pc first half profit increase, revenues rise 20pc
  • Insurer: Risk rises when bigger ships carry more via expanded Panama
  • Lessor box fleet rises 7.3pc versus 2pc carrier-owned container growth
  • European Commission spends US$430 million to fund transport projects
  • India shipbreaking moved from Steel Ministry to Shipping Ministry
  • DP World backs port box weigh-ins to achieve total weight compliance
  • GoAGT failure sparks worries other shipboard guard firms will go bust
  • Bangladesh, India overcome obstacles to settle coastal shipping issues
  • More Ugandan airlines lose air certificates for breaking licence terms
  • Frontier Service Group acquires 49pc of Kenya's Phoenix Aviation
  • Accounting change creates 68pc profit for Swiss out of flat revenues

Exim Indiaweb site
AUGUST 6, 2014
  • Bahri announces an Acting CEO
  • Ravindra Kumar Sharma is new head of SCI's Public Relations Department
  • Shipping a key area of interest for private equity: Moore Stephens
  • Weak carrier financials drive increasing dominance of container leasing sector
  • Anandiben Patel to be Chief Guest at GMH conference in Ahmedabad on Aug. 20
  • APSEZ's Q1 PAT up 36 pc to INR 568 cr.
  • GatewayRail Freight commissions rail operations at Faridabad logistics park
  • Centre may soon implement GST: Sitharaman
  • Govt to award more number of road projects this fiscal
  • INR plunges to 4-month low against dollar
  • Rajasthan unveils major PPP plan for roads
  • Sophisticated PPP model needed to boost infrastructure: Mayaram

International Transport Journalweb site
AUGUST 6, 2014
  • US approves merger of CSAV and Hapag-Lloyd
  • Egypt plans new Suez Canal

Marine Logweb site
AUGUST 6, 2014
  • MTU to power three Turkish double-ended ferries
  • Three year prison term imposed in MSC bribery case
  • HII gets another $25.6 million for CVN 78 work
  • Hatz Diesel showcases marine line-up at SMM
  • OSG exits Chapter 11
  • Mermaid Marine takes delivery of AHTS from Jaya yard

World Wide Shipperweb site
AUGUST 6, 2014
  • Port of Vancouver, USA holds annual tenant breakfast
  • K Line begins membership in anti-corruption network
  • US Coast Guard celebrates 224 years of service to country
  • Port of San Diego taps Bolduc as acting chief executive officer
  • Coast Guard rescues man who abandoned burning vessel

Lloyd's Listweb site
AUGUST 6, 2014
  • Painful few days ahead for VLCCs on spot market
    Earnings might dip below daily operating costs of $10,000-$11,000
  • Yangzijiang Shipbuilding profits jump on one-off gains
    Shipbuilder's divestment of non-shipping assets will ensure more cash for R&D
  • Eagle Bulk strikes deal with lenders
    Prepackaged Chapter 11 case to start in New York
  • Multi-billion dollar Kenyan port gains Chinese investment
    State-owned CCCC awarded tender for first phase of Lamu port
  • Dynagas Partners reports lower profit in second quarter
    Owner of four LNG carriers hikes distribution to investors for next quarter
  • Louis plots rebranding of Greek-based cruises
    Celestyal Cruises chosen for two-vessel operation
  • TEN eyes 'half a dozen' more crude tankers
    Orders supported by long-term charters said to be a matter of weeks away
  • Fresh cargoes for tankers as Shell's Nigeria deepwater project launches
    Oil will be loaded on to tankers for shipping around the globe
  • New Shell oil exports underline importance of West Africa-Asia tanker route
    As West African exports to US fall, Asia picks up the slack
  • Strong first half for Zeebrugge container traffic
    Double-digit growth in box tonnage masks poor general cargo performance
  • Better times ahead for the box market
    Improving supply and demand outlook offers hope for container shipping
  • Rickmers Trust boosts profits on back of one-off loan settlement
    Positive cashflow assured until 2019, company insists
  • Maersk imposes Hamburg surcharge
    Danish carrier cites congestion at German port
  • StealthGas raises $35m from offering
    Vafias family and institutional investors buy shares as owner eyes larger LPG carriers
  • Aronnax: Transparency - whether you like it or not
    Modern technology makes measuring much easier
  • Port Hedland faces strike after talks fail with tug engineers
    Engineers want more pay from operator Teekay
  • US regulators approve the merger of CSAV and Hapag-Lloyd
    Now the partners need the European Commission to make a decision
  • Tankers and Ocean Rig buoy DryShips results
    Dry bulk operations flat but offshore drilling helps narrow losses

Sea-webweb site
AUGUST 6, 2014
  • New Suez Canal lane plans unveiled
    Egypt plans to spend $4Bn to add an extra 45 mile (72km) lane to the Suez Canal. The announcement was made by president Abdel Fatah al-Sisi and confirmed by Suez Canal Authority chairman Mohab Mamish in a televised speech this week. Currently, the canal only provides for one-way traffic, with
  • Helsinki port enjoys July growth
    Finland's largest port has posted positive results for July. The Port of Helsinki saw 0.8M tonnes of cargo throughput, a 7% improvement on July 2013's figure, the Port said. Exports rose 10% for the corresponding period. Imports saw a 4% rise, and passenger throughput climbed 6% with 1.4M people
  • Marseilles €28M drydock renovation targets cruise ships
    Marseilles Fos Port Authority announced today [Subs Note - 06 Aug.2014] that it plans to complete a €28M ($37.5M) renovation of its giant Drydock 10 by mid-2015 to provide a strategically located base for cruise ship repair and maintenance. At 465m long and 85m wide - the third largest in the
  • DeltaLangh's scrubber receives class approval
    Tightened exhaust emissions regulations in ECAs after January 2015 are driving increased interest in exhaust gas cleaning systems (scrubbers) and class approvals. DeltaLangh's scrubber has recently received a final class approval from Germanischer Lloyd for the unit installed onboard Langh Ship's
  • Rhenus coal handling up 25%
    The German port of Wilhelmshaven's Rhenus Bulk Terminal (RBT) handled a record 557,319 tonnes of coal in July, 25% up on its best month in 2013 and the first time the terminal has handled over 500,000 tonnes. Freighter Lord Star was the last to unload coal at RBT in July, contributing to cargoes
  • Detained Turkish power ship released
    A Turkish electric power generation vessel which has been held in Pakistan for more than two years has been released. Turkey's Hurriyet Daily News said that the release of the 216MW Kaya Bey had been announced by the vessel's owner, Karadeniz Holding. The paper added, however, that three other power
  • Update: Kenyan expansion to impact Eastern region
    A contract signed for the construction of the first three berths at the proposed Lamu Port in Kenya, "reinforced the government's resolve to make infrastructure key, in social and economic development," President Uhuru Kenyatta said. The deal was sealed between the Kenya Ports Authority and the
  • Fugro wins second MH370 search contract
    Fugro Survey PL has won the contract to undertake the deep sea search for the missing Malaysia Airlines MH370. The Dutch-based company is already on contract to complete a bathymetric survey of the seabed in the search zone. A second vessel, the Fugro Discovery, is now on route to Perth to join the
  • Malaysia's MISC posts double-digit jump in earnings
    Malaysia-listed shipping conglomerate MISC Berhad (MISC) has posted a double-digit jump in its profit before tax for 1H14, which ended on 30 June. The company's profit before tax of MYR872.4 million (USD272.9 million) in 1H14 was 25.2% higher than MYR696.8 million profit in the corresponding period.
  • Korea Line Corporation continues profitable run
    Korea Line Corporation (KLC) posted its net incomes in the second quarter of 2014 (2Q14) with KRW40.7 billion (USD39 million) yesterday that turned to black. It was a reversal of a KRW5.9 billion loss for 2Q13. The 2Q14 sales figures raised 3.9% year on year (y/y) to KRW144.2 billion and operating
  • Pelindo II to raise fund for port expansion
    Indonesian state-owned terminal operator PT Pelabuhan Indonesia II (Pelindo II), also known as the Indonesia Port Corporation (IPC), plans to raise $1.25Bn in syndicated loans to help finance the expansion of its North Jakarta port. "Hopefully the government will grant permission this week," said
  • Wisdom Marine's profit down 7.03%
    Taipei-listed bulk carrier Wisdom Marine announced yesterday a record profit of TWD902 million (USD30 million) in the first seven months this year, down by 7.03% year-on-year. The carrier posted revenue of TWD5.08 billion during this period, an increase of 5.77% from the previous year. The decrease
  • China vessel exports down
    China's vessel exports decreased 11% year on year (y/y) in the first six months of 2014 to USD13 billion according to customs statistics. It is forecast that the exports will keep on the moderate upward trend to surpass USD13 billion in the second half in 2014. China exports the majority of the
  • MMHE earnings dip in 2Q14
    Malaysia-listed marine and offshore services provider, Malaysia Marine and Heavy Engineering Holdings, suffered a drop of 20% in total income for 2Q14 to MYR38.46 million (USD12 million) from MYR48.6 million for the corresponding period last year. The decrease was due to lower profits from the
  • Philippines jails 12 Chinese fishermen
    12 Chinese fishermen were sentenced to between six and 12 years in jail and fined $100,000 each for illegal fishing by a Philippine court on Tuesday, according to Xinhua News Agency (Xinhua). The fishermen were accused of running into and severely damaging Tubbataha Reef, a World Heritage-listed
  • Yangzijiang posts all-time high earnings in 2Q14
    Singapore-listed shipbuilder, Yangzijiang Shipbuilding Holdings has posted an all-time high quarterly profit in the second quarter of 2014 (2Q14). The company's net profit hiked 52% year on year (y/y) to CNY 1.24 billion (USD200.8M) from CNY811.6M. The increase in profit was mainly contributed by a
  • Eagle Bulk files for Chapter 11
    NASDAQ-listed Eagle Bulk has sought Chapter 11 bankruptcy protection to facilitate a pre-packaged debt restructuring plan. The beleaguered dry bulk company filed its petition in the New York Southern District Court on 6 August. The plan calls for all current Eagle Bulk equity to be extinguished and

The Journal of Commerceweb site
AUGUST 6, 2014
  • First Nation group threatens to shut down CN line to Prince Rupert
    Canadian National Railway services connecting the Port of Prince Rupert, British Columbia, to the rest of its network are running normally even though a First Nation group told the railroad to end operations by Aug. 4.The threat comes as U.S. shippers are diverting cargo through the port amid still-unresolved U.S....
  • US paper exports slid in first half of 2014
    U.S. containerized exports of scrap paper are falling, and the drop is partly responsible for slow U.S. export growth. Containerized exports from the U.S. in the first half of 2014 dropped 11.3 percent compared with the same period in 2013, according to data from PIERS, the data division of the JOC...
  • 'Bob-tail bandits' plead quilty to federal cargo theft charges
    A trailer full of canned corn proved one stolen load too many for a gang of freight thieves that operated throughout the U.S. Midwest. In federal court in Missouri, two of the cargo thieves pleaded guilty to running a cargo theft ring that pulled off the corn heist in West...
  • DP World Vancouver to turn away US-bound rail cargo
    Starting Friday, DP World Vancouver will stop accepting U.S.-bound containers intended for direct transfer to rail, citing a lack of railcars to handle the surge of cargo headed across the border. The operator of the Centerm Terminal will continue to handle U.S.-bound cargo moving by truck either to the regional market...
  • Russia warns of stricter inspections of US chicken
    USDA Photos by Lance Cheung.[Editor's Note: Russian President Vladimir Putin announced Wednesday that Russia will enact bans or limits on a wide range of trade with the European Union and the United States. A full list of the banned agricultural products, raw material and food is expected to be available...
  • Japan to end punitive tariffs against US
    Japan has decided not to extend punitive tariffs imposed on some products imported from the United States in retaliation for a U.S. anti-dumping trade law known as the Byrd amendment. The current retaliatory tariffs are to expire on Aug. 31. Additional 17.4 percent tariffs are levied on 13 items, including some...
  • Drivewyze ByPass expansion benefits truckers, shippers
    "Smart mobility" technology aimed at helping truckers avoid lengthy weigh station delays promises cost-saving benefits that could extend up supply chains to shippers. Drivewyze, an Internet-based service that speeds supply chains by allowing truck drivers to bypass state weigh stations, is expanding, adding 13 sites into Georgia to its network. Truckers can...
  • Clean Energy expands CNG, LNG fueling networks, adds customers
    [caption]A Clean Energy Fuels facility.[/caption] Clean Energy Fuels is expanding its U.S. natural gas network, opening 27 fueling stations in the first half of 2014, including nine "truck friendly" stations along interstate highways. The scarcity of fueling stations is a roadblock to expanding the use of liquid or compressed natural gas as...
  • Bigger ships to increase risks in Panama Canal, insurer says
    Increased cargo capacity in larger ships transiting the expanded Panama Canal will raise risks for the maritime industry, Allianz Group said in a new report. The Allianz report, Panama Canal 100: Shipping Safety and Future Risk, said the cost of insured goods transiting the canal may increase by more than $1...
  • Trans-Pacific benchmark rate hits 13-month high
    Drewry's benchmark rate for container traffic heading from Hong Kong to Los Angeles rose 20.8 percent this week. Full-size chart An Aug. 1 general rate increase and high peak-season volumes heading to the U.S. pushed spot rates from Asia to the U.S. to their highest levels this year. Drewry's benchmark rate for container traffic...
  • Online grocery sales whet appetites; high costs curb growth
    When the dot.com bubble burst in April 2000, there was no shortage of spectacular failures, but one of the most storied was the collapse of online grocer webvan.com. Webvan went public in 1999 with a $375 million initial public offering (before reaching a peak stock market value of $1.2 billion), and...
  • Idle container ship fleet shrinks to three-year low
    The idle container ship fleet has fallen to a three-year low but likely will start to grow again at the beginning of the fourth quarter as the peak shipping season draws to a close, according to Alphaliner. There were 119 vessels of more than 500 20-foot-equivalent-unit capacity - a combined capacity...
  • US gives green light to Hapag-Lloyd, CSAV merger
    The U.S. Department of Justice and the Federal Trade Commission cleared the planned merger between Hapag-Lloyd and Compania Sud Americana de Vapores, which will create the world's fourth-largest ocean container line. "This is part of the consultation process to regulatory authorities that both companies are carrying out in order to merge...
  • Deutsche Post DHL container volume trails rivals' growth
    Deutsche Post DHL booked a market-beating 5.6 percent increase in ocean container traffic in the second quarter, but it trailed growth rates of other top global freight forwarders. The German mail and logistics giant increased volume to 749,000 20-foot equivalent units in the three months through June from 709,000 TEUs in...
  • Trans-Atlantic ocean trade growth on an even keel
    Bremerhaven/Bremen was the top European load port for U.S. imports via East Coast ports in the 12 months ending March 2014.The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS,...
  • Infrastructure program could heat up India's cold chain growth
    More than $15 billion will be spent on expansion of India's cold chain during the next five years, according to a study by the Institution of Mechanical Engineers. The report, released in July in New Delhi by the British engineering think tank also known as IMechE went beyond the dramatic forecast...
  • Strong growth for US West Coast ports in June
    Although the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and the Pacific Maritime Association certainly resulted in some diversion of cargo to ports on the U.S. East Coast and in Canada, West Coast container volumes are still up noticeably compared to last year. Containerized imports...

TradeWindsweb site
AUGUST 6, 2014
  • Delivery myth debunked
    Newbuilding orders have soared in recent months but shipyards may be sitting on a bigger backlog of premium slots than some would have you believe, a leading brokerage told clients today.
  • Analyst abandons EGLE
    A leading Wall Street equity analyst has suspended research coverage of Eagle Bulk Shipping (Eagle Bulk) on the back of the US bulker owner's Chapter 11 bankruptcy filing.
  • EGLE takes flight
    Investors were racing to accumulate shares of Eagle Bulk Shipping Wednesday on the back of an announcement in which the operator outlined plans to pursue a Chapter 11 restructuring.
  • UBS downs NCL
    UBS downgraded shares of the third largest cruise line Wednesday based on a bet that turbulence in the operator's core market will continue in the months ahead.
  • DryShips in VTL boost
    DryShips has seen its fleetwide value-to-loan (VTL) ratio surge to 171% from 105% in December 2012, the company's finance chief said.
  • AO picks Wallem
    Hong Kong manager Wallem has said it will manage two ultramaxes on order for Germany's AO Schiffahrt.
  • Dynagas Partners dips
    Nasdaq-listed Dynagas LNG Partners has posted a slight fall in earnings for the second quarter as costs rose.
  • Eagle Bulk set for Chapter 11
    Eagle Bulk is set to file Chapter 11 papers after striking a prepackaged restructuring deal with lenders.
  • NAO stronger
    Nasdaq-listed Nordic American Offshore (NAO) has increased earnings in the second quarter as revenue rose.
  • OSG's next step?
    The ink is barely dry on OSG's Chapter 11 exit papers but speculation has already started as to how the company will develop following its restructuring.
  • Rickmers sheds loan
    Singapore-listed boxship owner Rickmers Maritime has been boosted in the second quarter by settling a loan at a 20% discount.
  • Star puts $1bn on shelf
    Star Bulk Carriers has filed a $1bn shelf registration that could set the scene for further expansion for Wall Street's biggest bulker owner.
  • US clears merger
    The US has approved the imminent merger between Chile's CSAV and Germany's Hapag-Lloyd.
  • Cat to bite Wilhelmsen?
    A depression in the high and heavy market will lead to a reduced profit at Norwegian owner Wilh Wilhelmsen in the second quarter, analysts say.
  • One dead in smash
    A fisherman has died and four more were reported missing after their boat was in collision with a Japanese bulker off China.
  • Crewman gassed
    A Bulgarian crewman has died after being asphyxiated on a bulker in France.
  • Sinopacific firms PSVs
    China's Sinopacific Shipbuilding Group has confirmed a first offshore order from Mexico.
  • Edem ship hit in Libya
    A Greek-controlled supramax bulker came under fire at the Libyan port of Derna this week.
  • Paragon sights $25m
    Paragon Shipping has set its sights on $25m from a notes offering
  • Tidewater misses in Q1
    Tidewater has recorded an improved first quarter profit but its bottom line has fallen short of Wall Street expectations.
  • Deep Sea does better
    John Fredriksen-controlled offshore shipowner Deep Sea Supply is reintroducing dividends after posting a better profit in the second quarter.
  • Yangzijiang profit spikes
    Yangzijiang Shipbuilding has reported a record profit for the second quarter thanks to a tax refund and income on a cash investment.
  • Inui loss grows
    Japanese bulker owner Inui Steamship has posted a bigger deficit in the first quarter despite a growth in revenue.
  • Tax lowers MISC profit
    A bigger bill from the taxman has hit MISC's earnings in the second quarter.
  • Chinese in Kenyan port deal
    State-owned China Communication Construction Company was won a $479m contract to build a new deep-water port in Lamu in Northern Kenya that is being built to open a corridor into resource-rich East Africa.
  • Stealthgas prices offering
    Nasdaq-listed StealthGas plains to raise a further $35m by selling off more common stock in an underwritten registered offering.
  • MHB takes profit hit
    Pre-tax profits for Malaysian Marine and Heavy Engineering Holdings Berhad (MHB) for the first half of its 2014 financial year fell by nearly half compared to its results in the first half of 2013.

American Shipperweb site
AUGUST 6, 2014
  • United Grain slams USDA denial of grain inspection
    A USDA official said the situation at the Port of Vancouver doesn't "ensure safe access to the UGC facility for the GIPSA, and therefore [USDA] is conditionally withholding official grain weighing and inspection services."
  • Expeditors to refine strategic assessment during 2014's second half
    Expeditors International turned in net earnings of $91.3 million during the second quarter, a year-over-year decrease of 1 percent, while net revenues ticked up 3 percent to $484.7 million.
  • Senator pushes Buy America transportation bill
  • Suez Canal plans bypass to increase capacity
  • Project will test powering dray trucks with electricity
    The demise of the network of electric trolley cars that once crisscrossed Los Angeles is an important and controversial chapter in the history of public transportation.
  • Ships slow to benefit California whales, air
    The program was developed and implemented by the Santa Barbara County Air Pollution Control District, Channel Islands National Marine Sanctuary and the Environmental Defense Center.
  • Ex-Im Bank supports $1.7 billion to finance Africa-bound exports
    The bank also announced that it will pledge $3 billion in financing to support U.S exports to Sub-Saharan Africa over the next two fiscal years.
  • U.S., West African region to boost trade

The Bunker Bulletinweb site
AUGUST 6, 2014
  • Aegean strengthens presence in Mediterranean port
    Second bunker barge brought into operation in Barcelona.
  • Tight avails in Rotterdam
    Istanbul: Low demand and ample supplies.
  • Prices for key IFO grade softening in Mideast hub
    Tight avails in Fujairah.
  • Compulsory Mass Flow Meters 'a good initiative'
    Dan-Bunkering's new head of operations in Asia has welcomed Singapore's decision to make MFMs mandatory.
  • GAC settles potential claim over alleged sanctions breach
    GAC Shipping (USA) agreed to pay $157,500 on behalf of Houston-based GAC Bunker Fuels.
  • Asian bunker rates southbound
    Busan bracing for typhoon.
  • Greek ferry to employ renewable energy technology
    Technology to be provided by a Japanese equipment supplier.
  • P&I Club: Increase in 'low quality' bunker claims
    Club underlines importance of engaging 'reputable' suppliers.
  • Maersk Line completes AMP upgrade for vessels
    Project has equipped 16 vessels to use alternative marine power at US ports.
  • Drybulk shipping firm brings down bunker consumption
    Company sees impact of fuel efficiency technologies.

›››File
FROM THE HOME PAGE
In the first half of 2026, freight traffic in the port of La Spezia grew by +2.0%
La Spezia
In decisa crescita il traffico delle merci nei porti tunisini
Nel trimestre aprile-giugno è stato di 7,4 milioni di tonnellate (+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%
Strait of Hormuz, a container ship was attacked near the coast of Oman
Muscat/Portsmouth/New Delhi/Tampa
Fire on board. One crew member missing. 23 other sailors rescued.
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%
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
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Konecranes reports decline in quarterly financial performance as orders increase
Helsinki
The value of orders relating to port equipment grew by +17%
Fourteen regions are in favor and five are against the bill on port governance reform.
Rome
Rixi: Let's now continue the institutional process with the aim of achieving a balanced reform.
Kuehne+Nagel's net sales increased by 8% in the second quarter.
Schindellegi
Performance improved markedly in the air freight segment
Assagenti's management team has been renewed.
Genoa
The composition of the executive committee and the chairmen of the commissions
DP World signs preliminary agreement to build two terminals at Fujairah Port
Dubai
VIO - Vado Ligure Interport Board of Directors Renewed
Genoa
Pierangelo Olivieri has been appointed president
Kalmar's turnover increased by 14% in the second quarter
Helsinki
New orders value stable
Saipem wins new offshore drilling contract off Ivory Coast
Milan
It was awarded by Eni Côte d'Ivoire
DSV's quarterly performance continues to grow, boosted by the Schenker acquisition.
Hedehusene
Net profit of DKK 2.6 billion (+11.5%) was recorded in the April-June period of 2026.
Falteri (Federlogistica) has been co-opted into the Board of the European Logistics Association
Genoa
International collaboration protocol on integrated logistics with ACLI Terra
GCC urges international community to protect maritime transport against Houthi threats
Riyadh
Reaction to the announcement of a maritime embargo against Saudi Arabia
Fincantieri signs agreement in Qatar for operational management of the Training and Simulation Centre.
Trieste
The center is intended for the training of naval personnel of the Qatari Navy.
Wärtsilä records sharp increase in new order value in second quarter
Helsinki
Net turnover decreased by -2%
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.
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
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
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
Evergreen, Yang Ming and WHL return to quarterly revenue growth
Keelung/Taipei
Four consecutive quarters of decline behind us
Project for a direct rail link between the port of Gioia Tauro and the Interporto D'Abruzzo
Pescara
Tax fraud on labor in the logistics sector
Milan
€28 million seized from four Milanese companies
PSA Genova Pra', the state of agitation has been lifted following the successful completion of the cooling procedure.
Genoa
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