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Independent journal on economy and transport policy
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BRIEFS
May 12, 2015
Sched Netweb site
  • Retail giant Kate Spade delivers blow to sourcing giant Li & Fung
  • CNR, CSR make merger moves, Bombardier rail unit readies to join them
  • Maersk to relocate head China office to Beijing
  • Evergreen adds Ho Chi Minh, drops Bangkok from Taiwan-Thailand (TWT) service
  • Evergreen starts Vietnam-Singapore-Malaysia feeder to meet rising capacity demand
  • US west coast to miss peak season surge as cargo goes to less congested ports
  • Australian ports of Townsville & Lucinda to raise port charges by 5pc from July
  • US west coast port dispute results in air freight surge at Chicago O'Hare airport
  • Ethiopian Airlines orders Unitechnik gear to handle air cargo boom
  • New cargo terminal at Lambert St. Louis airport to speed up Mexico-US trade flows

Exim Indiaweb site
MAY 11, 2015
  • Evergreen Line launches Vietnam-Singapore-Malaysia service
  • Freight must not be forgotten in new UK Parliament, says BIFA
  • Growing concerns about container liner shipping alliances: ESC
  • ICCSA organising coastal shipping seminar on May 29 in New Delhi
  • Naming of UASC containership Barzan sees first vessel with DNV GL's new GAS READY class notation hit the water
  • OOCL announces new China East Coast Express 2 service
  • SCFI's Asia-Europe spot rates see massive increase last week
  • US lifts 50-year ban on commercial ferry services to Cuba
  • April steel imports shoot up by 51.6 pc
  • Buffalo meat export to Russia commences
  • TIL's Hyster-TIL reach stacker commissioned at Mumbai Port
  • Continental Transport Organisation skillfully transports over-dimensional cargo from Murbad to Mumbai Port
  • Freight earnings of Railways up 12.7 pc in FY15
  • Banana exporters seek govt help to tackle fungus
  • Govt proposes two institutional mechanisms to address problems of ex-im trade
  • Indo-EU FTA will require all round compromise: German Chancellor
  • Lower incentive for bulk tea & coffee likely to hit exports
  • Fieo's seminar on GST, new FTP on Wednesday
  • Gains in Chinese currency hits exports
  • K. V. Kamath appointed first President of BRICS bank

International Transport Journalweb site
  • Major investment in new tractors
  • Cargo for connoisseurs
  • Evergreen strengthens intra-Asia service
  • General cargo alliances merge forces
  • Look back in delight
  • Box volumes down in March
  • Emirates mourns loss of founder
  • Finnair shutting down cargo subsidiary
  • More opportunities to chill out in India
  • From Italy to Benelux
  • New Tiaca board leaders named
  • Dubai's new airport already a top 20 cargo location
  • Greenbrier invests in Brazilian railcar maker
  • New technology keeps Liberian Registry on top

IHS Maritimeweb site
MAY 11, 2015
  • Brittany Ferries boss leads ferry blockade bust
    Brittany Ferries chairman Jean-Marc Roué and a group of 20 or so vegetable farmers claim that they "freed" one of the company's ferries from a union blockade in the French port of Ouistreham on 9 May. The company said in a communiqué that the group had taken control of the car ferry, Mont Saint
  • UASC takes delivery of world's longest vessel
    United Arab Shipping Company (UASC) has taken delivery of the 18,800 teu Barzan from South Korea's Hyundai Samho shipyard based in Mokpo. The leviathan vessel now holds the title of world's most environmentally friendly Ultra-Large Container Ship and longest vessel in the world currently in
  • Report highlights seafarers' health concerns
    Much still needs to be done in the areas of HIV/AIDS and the general wellbeing of seafarers, a survey by the International Transport Workers' Federation (ITF) has found. Results were garnered from questioning 34 maritime trade unions and 608 of their members of both sexes. The ITF described the
  • Scorpio buys newbuilding resales
    NYSE-listed Scorpio Tankers is deploying cash raised in a recent share offering to purchase four LR2 product tanker newbuilding resales for USD60 million each. The newbuildings are being constructed at Sundong Shipbuilding and Marine Engineering and Daehan Shipbuilding. They are due for delivery
  • NAT rides rate rise
    Nordic American Tankers (NAT) has reported much higher profits for its first quarter as spot rates for its Suezmax fleet surged. NYSE-listed NAT reported net income of USD30.3 million in 1Q15 compared with USD4 million in 1Q14. Average time charter equivalent rates in the latest quarter averaged
  • Portugal told to oversee ENVC aid repayment
    The European Commission has indicated it expects the Portuguese government to take the necessary steps to ensure bankrupt shipbuilder Estaleiros Navais de Viana do Castelo (ENVC) repays EUR290 million (USD325 million) in state aid. The commission announced last week that direct and indirect
  • Officer dies in Turkish cargo ship shelling off Libya
    The third officer aboard a Turkish cargo ship was killed and other crew members were injured after the vessel came under shell fire off the coast of Libya yesterday evening.
  • Royal IHC launches TSHD for TNPA
    Royal IHC launched the 5,500 m³ trailing suction hopper dredger (TSHD) Ilembe at its Kinderdijk yard in the Netherlands on 9 May for South Africa's Transnet National Ports Authority (TNPA). The launch and naming ceremony was performed by TNPA corporate affairs general manager, Lunga Ngcobo, and
  • Scrapping rise gives hope to dry bulk misery
    Demolition sales of dry bulk carriers have increased sharply this year despite low price of steel, which brings a ray of hope to a struggling dry bulk market in which asset prices remain under downward pressure, shipping analysts said. In the first four months of this year, 52 Capesize vessels with
  • Golar LNG Partners weighs dollar bond issue in Norway
    Golar LNG Partners, the long-term contract-based LNG carrier company, said it is considering issuing senior unsecured dollar denominated bonds in an increasingly lively Norwegian bond market. "The bonds will be denominated in US dollars and mature in May 2020," the company said in a statement. The
  • Recycling of box ships slows
    The number of container ships being headed for demolition has almost halved year on year as charter rates, especially for Panamaxes, have improved substantially. IHS Maritime's Sea-web.com data shows that year to date, 39 container ships have been recycled, almost half of the 77 container ships
  • Busan Port eyes intra-Asia trade
    Busan Port Authority (BPA) recognises the importance of small container ships serving intra-Asia trade in helping Busan Port to be more competitive. At a seminar recently organised by BPA and the Korea Shipowners Association (KSA) in Busan, approximately 100 representatives from shipping companies,
  • Overcapacity could sink liner rates
    Larger new container vessels entering US east and west coast container trades could foil attempts by liner operators to raise transportation rates in 2015, according to a container sector analyst. The capacity surge is coming at the same time that the National Retail Federation (NRF), a major US
  • China's container exports stable, rates down
    Container exports at major Chinese ports remained stable in the first four months of 2015, but the freight rate index kept falling, according to a report released by Shanghai Shipping Exchange. The economic fluctuations in Europe has dragged the stable growth demand for shipping, and the average
  • Jan De Nul orders two offshore vessels
    Belgian dredging and offshore giant Jan De Nul Group (JDN) is investing in two versatile 6,000-tonne subsea rock installation vessels, ordered from the AVIC Weihai shipyard in China and due for delivery in 2017. The vessels will not only be able to install rock at depths of up to about 600 m via a
  • Uncertain post-2015 outlook for Hanjin Shipping
    Hanjin Shipping is expected to achieve an operating profit of KRW437 billion (USD400.6 million) for 2015, surging 432.3% from 2014, but it is unclear whether the success will last. Hana Daetoo Securities analysts Shin Min-seok and Yoo Jae-seon have forecast an operating profit of
  • South Korea to build grain terminal in Cambodia
    South Korea's Ministry Of Oceans and Fisheries (MOF) will co-operate with local companies to develop a grain terminal in Cambodia. MOF said in a press statement, "In order to develop a grain terminal in Cambodia, we will begin a feasibility study to determine an appropriate location, proper
  • Otto Marine issues profit warning for 1Q15
    Singapore-listed offshore services provider Otto Marine has issued profit warning for its first quarter that ended on 31 March 2015 in its filing to the Singapore Exchange. The company has attributed its losses for the first quarter mainly to the decrease in vessel utilisation and lower charter
  • 'Hold' for MISC shares
    An analyst from the Malaysia-headquartered CIMB bank has recommended a 'hold' status for shipping line MISC because of the low revenue from its LNG and chemical tankers segments. Raymond Yap cited that profit from MISC's LNG arm had fallen 22% year on year (y/y) on the back of the expiry of two
  • Philippines beer-giant to develop Davao port
    Davao port in the Philippines could be developed and run by the country's beer-maker San Miguel Corporation, sources have confirmed. "San Miguel bought bid documents for the Davao Sasa Port Public-Private Partnership [PPP]," an official with the PPP Center of the Philippines told IHS Maritime on 11
  • Philippines shipping escapes wrath of Typhoon Noul
    Typhoon Noul, locally known as Typhoon "Dodong", has had a limited effect on shipping in the Philippines despite being one of the stronger storms to affect the Southeast Asian country this year. The storm touched the top of the northern Philippine island Luzon on 10 May, but by 11 May, it was already
  • Maersk Line appoints new North Asia CEO
    Maersk Line announced on 8 May that Robbert Van Trooijen will take the position as regional CEO of Maersk Line North Asia effective from 1 July. Robert will replace Tim Smith who will take on the role as chairman of Maersk China and chief representative of the Maersk Group in North Asia. Smith will

The Loadstarweb site
MAY 11, 2015
  • Hapag-Lloyd chief: G6 alliance is sailing in calmer waters now, but rates must rise
  • Congestion cost us money too, say lines after shippers call for reduced charges
  • Will XPO/ND deal drive CH Robinson onto the acquisition trail so it can stay ahead?

Marine Logweb site
MAY 11, 2015
  • Shell gets conditional BOEM approval for Alaska exploration
  • Libyan forces shell Turkish owned ship, kill officer
  • Royal Wagenburg orders Wärtsilä scrubbers for Super Ice Class RoRos
  • Crowley invests in new Puerto Rico pier for newbuild duo
  • DNV GL gives first GAS READY notation to UASC newbuild

World Wide Shipperweb site
MAY 11, 2015
  • Global Port Tracker report finds container moves up during March
  • Inchcape Shipping Services opens new Anchorage, Alaska office
  • Alaska Airlines Oks deal for Gevo renewable jet fuel
  • Diana, Wilhelmsen teaming up for 50/50 joint venture business
  • VT Halter Marine delivers ConRo ship to Pasha Hawaii

Lloyd's Listweb site
MAY 11, 2015
  • Seafarer killed after Turkish ro-ro shelled off Libya
    Vessel named as Cook Islands flag Tuna 1
  • 'Ugly surprises' expected on German loans
    Reederei Buss sale points to new mood among banks, say ship finance sources
  • US box imports booming as congestion clears
    Throughput volumes at west coast ports reach a record-high 1.7m teu in March
  • DSME says giant boxship order in the works
    South Korean shipbuilder tipped to win Maersk Line's 20,000 teu deal
  • Scorpio considers its slice of the VLGC pie
    Will the New York-listed product tanker player boost its share of the gas-carrying market, rather than cut it?
  • Scorpio Tankers expands fleet with resales
    Is there no stopping the expansion of this rapacious New York-listed product tanker player?
  • Mixed picture for schedule reliability as new alliance services bed in
    If improved schedule reliability is one of the desired benefits of joining an alliance, the jury is still out on whether the latest two alliances have met that goal
  • ICTSI reports strong profit growth in first quarter
    Philippine port operator enjoys better margins and higher volume overall despite Portland woes
  • Maersk Tankers offloads 1990s-built tonnage
    Fleet renewal comes as global oil products trade has grown on average 5.8% per year over past decade
  • Reederei Buss up for sale
    Peter Döhle and MPC named as potential buyers of the struggling shipowner
  • BW LPG adds another VLGC to its owned fleet
    BW takes ownership of Berge Summit, a vessel it had chartered-in
  • Nordic American Tankers soars to $30m profit
    New York-listed owner lifted by earning power of its large suezmax fleet
  • Court freezes Sainty Marine bank accounts
    Whitelisted shipyard books Yuan357.3m overdue bank loans
  • View from the bridge: Rodolphe Saadé
    Heir apparent steps to the fore as CMA CGM rides high
  • Industry viewpoint: Why CO2 is a profitable opportunity
    It is time to determine both shipping's responsibility and opportunities in the shift towards a low carbon economy, says Carbon War Room president José María Figueres
  • Delivery postponed
    European maritime organisations have published a joint letter noting the lack of progress in encouraging the growth of shortsea shipping
  • Industry viewpoint: Unilateral EU regulation is complicating key IMO debate on CO2 reduction measures
    Brussels move will have major implications for negotiations on a global data collection system, says Simon Bennett of the ICS
  • Asia-Europe box volumes slump in March
    Near 23% drop in March contributes to negative volume growth for first quarter

The Journal of Commerceweb site
MAY 11, 2015
  • Higher charter rates keep more container ships from scrapyards
    Fewer container ships will be moving to the scrapyards this year, analysts say, as charter rates, especially for Panamax ships, continue to rise. The number of vessels headed for demolition has almost halved year over year, according to data from Sea-web.com, a sister product of JOC.com within IHS Maritime & Trade....
  • Jury acquits ex-Crowley executive on antitrust charge
    Thomas Farmer, a former executive at Crowley Maritime, has been acquitted on a charge he conspired with competitors to fix prices in the U.S. mainland-Puerto Rico trade. A U.S. District Court jury in San Juan returned a "not guilty" verdict Friday afternoon after four hours of deliberations. Farmer was a former vice...
  • Strong US chemicals growth fuels $800 million offer for Quality Distribution
    Call it good chemistry: Low energy prices and rising U.S. chemical output made Quality Distribution a very attractive acquisition target for Apax Partners. The $37-billion private equity firm last week said it will pay $800 million, including the assumption of debt, for the $992-million bulk trucking and logistics company. Quality Distribution and...
  • More truck delays reported at Nhava Sheva Terminals
    Logistics providers in India's Nhava Sheva Port complex reported a "system outage" temporarily disrupted truck traffic at Jawaharlal Nehru Container Terminal Sunday late afternoon, adding to inland infrastructure woes that had already been building there in the past year.In a latest trade advisory, the Container Freight Stations' Association of India...
  • Crowley to build $48.5 million pier at San Juan
    Crowley Maritime Corp. has contracted for construction of a $48.5 million new pier at its San Juan, Puerto Rico, terminal and signed a 30-year lease extension for the property with the Puerto Rico Ports Authority. The pier contract includes development of a 900-foot-long, 114-foot-wide concrete pier and dredging to accommodate the...
  • FMC's reaction to congestion is too little, too late
    The Federal Maritime Commission in early April issued a report entitled "Rules, Rates and Practices Related to Detention, Demurrage and Free Time for Containerized Imports and Exports Moving Through Selected United States Ports" that summarized the results of a series of listening sessions the FMC conducted during recent port congestion...
  • CSX unveils new Quebec intermodal terminal
    CSX Transportation unveiled a new intermodal terminal just outside of Montreal Monday, giving the Jackonsville, Fla.-based railway easy access to the Eastern Canadian market. The $100 million, 89-acre facility in Salaberry-de-Valleyfield, Quebec will be able to handle 100,000 containers annually and will connect the region to CSX's 21,000-mile rail network in...
  • New Volvo plant to boost Charleston's automotive cargo
    Volvo Car Corp.'s plan for a $500 million factory in Berkeley County, South Carolina, is likely to generate additional automotive cargo for the Port of Charleston, which already is the primary port for BMW's plant in the state. The Volvo plant, announced Monday, will initially produce about 100,000 cars a year...
  • Annual US trucking revenue tops $700 billion for first time
    U.S. trucking companies of all types generated a combined $700.4 billion in revenue last year, fueled by economic growth that led to higher freight demand and higher rates. As an industry, trucking broke past the $700 billion revenue mark in the U.S. for the first time, the American Trucking Associations said...
  • Transportation Marketing & Sales Association Announces 2015 Compass Awards Recipients
    The Transportation Marketing & Sales Association (TMSA) recently announced the recipients of the 2015 TMSA Compass Awards Program. In its 63rd year of existence, this awards program recognizes marketing and sales best practices by transportation and logistics companies that ultimately demonstrate effective execution and measurable business results. "The Compass Awards Program...
  • CMA CGM to christen new ship at Port of Le Havre
    Being the third world containership operator, CMA CGM has chosen HAROPA - Port of Le Havre to christen its new sea giant vessel, the Kerguelen. A choice which proves the confidence that the major world ship-owners have placed in the professionalism of HAROPA, the leading container port for the external...
  • New Asia-South America service key to Zim's comeback strategy
    Zim Integrated Shipping Services has launched a new service between Asia and South America, soon to be followed by its debut on the Asia-U.S. East Coast route via Suez, as the financially revamped Israeli carrier seeks to expand its cargo base on core trades. The carrier is upgrading its weekly Asia-South...
  • German rail freight network hobbled after after drivers strike
    London - The German rail freight network is struggling to return to normal as train drivers return to work after a near one week strike that severely disrupted industrial supply chains in Europe's largest economy. While passenger trains are largely running to schedule, rail freight will feel the effects of the...
  • Indian Railways targets refrigerated transport expansion
    Indian Railways is beefing up its cold chain portfolio by building a network of temperature-controlled warehouse and distribution facilities across the country.The public enterprise has entrusted its logistics arms - Container Corporation of India, Central Warehousing Corporation and Central Railside Warehouse Company - with the start-up and management of new...
  • Brazilian port concession program moves forward
    After more than 18 months of delays, the much heralded first phase of Brazil's more than Reais 10 billion ($3.36 billion) port concession program received the go-ahead to proceed from the Tribunal de Contas da Uniao. The first phase alone will see around Reais4.7 billion invested in new port concessions in Santos,...
  • Central American terminals lift ICTSI in first quarter
    HONG KONG - International Container Terminal Services, Inc. (ICTSI) reported increasing volumes and revenue in the first quarter, with net income largely driven by better margins at its facilities in Mexico and Honduras.The Manila-based terminal operator posted revenue from port operations in the first quarter of $296.1 million, a year-over-year...

TradeWindsweb site
MAY 11, 2015
  • DryShips loss misses forecasts
    George Economou-led DryShips swelled its net loss in the first quarter as it delivered a result that saw better operational performance but that slightly missed analyst predictions.
  • Crowley strikes pier deal
    Crowley Maritime has forged a $48.5m construction contract to build a new pier at its terminal in San Juan, Puerto Rico.
  • Lauritzen lowers forecast
    J Lauritzen has deepened its full year loss expectations after the worst dry cargo market in 30 years left it in the red for the first three months of 2015.
  • ADSB turns positive
    Abu Dhabi Shipbuilding (ADSB) has returned to profit in the first quarter as revenue rose.
  • BKM edges up profit
    Singapore's Beng Kuang Marine (BKM) has ridden its higher first quarter revenue to a marginal profit.
  • TRF adds to Navig8 pool
    Navig8 has added another Wilbur Ross-owned tanker to its pool system.
  • Top of the joy division?
    A new happiness index for seafarers has shown they rate their job satisfaction at nearly 6.5 out of 10, but concerns remain.
  • FSL bolsters board
    First Ship Lease Trust (FSL Trust) has hired a veteran accountant to join its board of directors as an independent member.
  • STNG in $240m strike
    Scorpio Tankers has snapped up a quartet of LR2 products tankers.
  • Navig8 sales 'profitable'
    Navig8 Product Tankers today confirmed the sale of a trio of LR2 newbuildings.
  • Cargoship shelled off Libya
    One crewman has died and others were injured after a Turkish-owned general cargoship was attacked off Libya.
  • Safety culture criticised
    Safety records had been falsified on a Japanese reefer on which a crewman was injured in a lifeboat accident.
  • Cape scrap record in sight
    Capesize scrapping continues to close in on record levels with 2015 figures now more than double the number seen last year.
  • Naikai back in black
    Japanese shipbuilder Naikai Zosen has beaten its forecast for the full year to post higher profit and revenue.
  • DMER fears ULC 'frenzy'
    A rush of orders for the latest giant boxships has raised eyebrows at Drewry Maritime Equity Research given the vessels' potential impact on a market revival.
  • Seaboard back in black
    Miami containership company Seaboard has turned around an operating loss in the three months to 4 April.
  • Vallianz holds steady
    Vallianz Holdings has maintained its profit level for the first quarter in a tough market for offshore owners.
  • DSME confirms ULC talks
    DSME has confirmed it is closing in on an order for what will be the largest boxships ever constructed for Maersk Line.
  • Sado Steamship cuts loss
    Japan's Sado Steamship has reduced its loss in the first quarter despite falling revenue.
  • ICTSI makes more
    Philippines port operator ICTSI has pushed up its net income for the first quarter thanks to higher activity in key terminals.
  • Golar joins bond rush
    Golar LNG Partners (GMLP) is planning to tap the increasingly popular Norwegian bond market for new funds.
  • NAT sees cash flow in
    Nordic American Tankers has recorded a strong first quarter performance in a recovering suezmax market.
  • Capesize price blues
    Solomon Savings Bank subsidiary Golden Bridge is said to have finally concluded the sale of one of its capesize bulkers in the latest deal to deliver negative indicators for asset values in the sector.
  • Red Funnel stronger
    UK ferry operator beats rivals as car and passenger numbers rise in first quarter.
  • Orbis backtracks
    An investment fund that notified Oslo-listed Subsea 7 it had built a shareholding above 5% has said it did so in error.
  • SBM axes 300 more
    Dutch FPSO group SBM Offshore is to make another 300 workers redundant in "challenging" market conditions.
  • Mermaid eyes fresh funds
    Thailand's Mermaid Maritime is looking to raise fresh capital to fund the next stage of its expansion.
  • China coal imports slump
    China's coal imports fell 26% last month the second consecutive month of double digit declines, customs data shows.
  • Dry orders hit new low
    The spectacular run of dry bulk investment which kicked off in 2003 has finally ended, according to Dr Martin Stopford.
  • Lusitania remembered
    Cunard has marked the 100th anniversary of the sinking of the liner Lusitania in a ceremony off the coast of Ireland.

American Shipperweb site
MAY 11, 2015
  • American Fast Freight acquires Caribbean Shipping Services
  • Seattle, Tacoma release draft of Northwest Seaport Alliance agreement
  • Maersk to order several 20,000-TEU ships
  • Schlumberger to pay $232.7 million for illicit exports
  • OOCL launches new Asia-USEC service
  • Crowley signs contract for new pier at San Juan Terminal
  • Oakland volumes boosted by imports, return of empty containers
  • Illinois FedEx drivers vote against union representation
  • Saudia Cargo introduces dedicated Paris service
  • St. Louis airport to get boost in U.S.-Mexico trade
  • Pilot Freight lands in Mexico
  • U.S. steel exports up 2% in March
  • Freight Logistics to use CargoSphere for rate management
  • Commerce updates export book for SMEs
  • U.S. to supply $25 million in wheat to Jordan
  • FMC reviews 22 OTI license applications
  • FAA picks Mississippi State University to test drones
  • Executive Moves: Sunteck, Rand Logistics, TIACA and Shipbuilders Council of America
  • Obama extols job benefits of TPP during Nike visit

The Bunker Bulletinweb site
MAY 11, 2015
  • Reports: Maersk Line to order more megaships
    'The orders will create serious overcapacity.'
  • Fuel-saving trial for New Zealand ferry
    Using fuel oil emulsion.
  • Oil prices could be about to fall, say analysts
    A end to Iran sanctions could see the situation' spiral out of control'.
  • NAT sees quarterly profits rise
    Falling fuel price supports company's bottom line.
  • Lower fuel prices a mixed blessing
    May have helped with ECA compliance, but causing overcapacity in the market.
  • More scrubber purchases by Baltic and North Sea operators
    Two more Ro-Ro vessels to be equipped with Wartsila systems.
  • Fuel oil price rise prompts greater storage demand
    Aframax chartering jumps on expected higher pricing.
  • Report forecasts growth for marine fuels sector
    'The industry will expand over the next years.'
  • Staff changes at Dan-Bunkering's Copenhagen office
    Promotion and relocation of bunker traders at the branch.
  • Hong Kong sulphur rules will impact shipping
    News rules come into force in less than two months.
  • Wartsila, Carnival form test pilot scheme
    Fuel efficiency packages and bunker management systems included in project.
  • New Executive Director at Brightoil Petroleum
    Formerly CEO of subsidiary Brightoil Petroleum (S'pore).
  • EU's MRV scheme raises 'scary' prospects
    'Impossible' to form fair picture of CO2 emissions relative to efficiency in transporting cargo.
  • Belgian firm starts bunker trading in Singapore
    Company is a subsidiary of the Transcor Astra Group, Bunkerworld learns.
  • SCI mulls fuel hedging move
    In bid to keep down costs.
  • Firm to boost security on ships to prevent fuel theft
    Singapore-based Ocean Tankers' fleet has suffered two piracy-related incidents within a year.

›››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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