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Independent journal on economy and transport policy
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BRIEFS
May 20, 2015
Sched Netweb site
  • CMA CGM profit up 419pc to US$406 million as revenue rises 1.8pc
  • MOL to share 22 vessels on 2 Asia-South America loops with 2M group
  • Prince Rupert tops North American box ports in growth growing 13.8pc
  • New rules to live by in Oz as Canberra hits lax foreign flagged ships
  • Risks of Russia rise where liability rules are different: TT Club
  • Agility profit increases 5pc to US$39.2 million as revenues rise 1pc
  • Box ship redelivery spike after USWC port hassle hits charter rally
  • In-cab TV fights dwell time and helps retain fleeing truck drivers
  • Miami forwarder signs on with CargoSphere for comparative rate data
  • FedEx fails to win dismissal of federal drug conspiracy charge
  • Alaska Air Cargo delivers Copper River salmon to Seattle
  • Bright future for air freight despite slow uptake in digital technology

Exim Indiaweb site
MAY 19, 2015
  • CMA CGM reports improved net profit & volumes
  • SCI to review useful life of vessels
  • Stowage & Segregation of dangerous goods on containerships
  • Top buyer of ships for recycling launches new website
  • TSA lines move to stabilise rates, meet cargo demand
  • Delhi Metro coaches deftly discharged at Mundra Port
  • Govt highlights focus on enhancing cargo handling capacity, smart cities near ports & PPP projects
  • JNPT net profit up in 2014-15
  • Maheshwari Handling Agency facilitates record coal discharge at Kandla Port
  • Southern Asia Ports, Logistics & Shipping 2015 on Sept. 17, 18 in Mumbai
  • Govt mulls putting stalled infra projects on fast track
  • INR softens further on dollar buying

International Transport Journalweb site
  • 39th vessel joins Arkas fleet
  • Freight industry to reach UK's climate targets
  • Greener fleet for Luxembourg
  • Profits up for Agility
  • New intermodal offers in Scandinavia
  • April volumes slip in port of LA
  • Fairtrans - anniversary and baton handover
  • CSX expands north-south business
  • Ten ANs for Azerbaijan's Silk Way
  • Braemar Adjusting names new regional MD
  • New segment CEO at Rickmers Group
  • AAT opens dedicated hazmat inspection counter
  • Carotrans adds Montreal to Le Havre service

IHS Maritimeweb site
MAY 19, 2015
  • Savannah scores record month
    Box volumes in April at the Port of Savannah increased by 25.8% year on year to 335,337 teu: a new monthly record for America's fourth-largest container port. Savannah's previous monthly record of 333,058 teu was recorded in March. Georgia Port Authority (GPA) executive director Curtis Foltz
  • Cosco Guangdong wins OSV order
    China's Cosco shipyard's group has won a contract for its Guangdong shipyard to build a multipurpose offshore support vessel. This latest order is for a 65 m TAERRV (tanker assist/emergency response/rescue/field support vessel). It was placed by Aberdeen-based Sentinel Marine after the owners were
  • Seafarer found dead on Malta ship
    A Filipino seafarer was found dead on the Maltese-registered MV Elbella at Marsaxlokk Freeport in Malta on Sunday night. The sailor's body was discovered in a pool of blood with several stab wounds. It was reported that two kitchen knives were found near the body of the victim, who was employed in
  • Forum fears about fuel siphoning and migrants
    The 24th Annual meeting of the Asian Shipowners' Forum (ASF) was held in Jeju, South Korea, on 19 May 2015. Hosted by the Korea Shipowners' Association, the forum highlighted the rising fuel siphoning incidents on Asian waters but nonetheless raised concerns that some reports may have unduly
  • BP and Sinopec form JV in Singapore
    British oil major BP and Chinese oil company Sinopec Fuel Oil will form a 50/50 marine fuels bunkering joint venture (JV) named as BP Sinopec Marine Fuels. The JV will be based in Singapore, the top bunkering of the world, and leverage both companies' 'existing bunkering locations and activities to
  • Avance Gas 1Q15 profit jumps on lower bunker costs
    Avance Gas Holding, the Oslo-based listed VLGC owner, has reported a rise in net profit in 1Q15, helped by a fall in bunker costs. Group net profit rose to USD23.9 million in three months to 31 March from USD6.1 million in three months to 28 February last year. The company changed its financial
  • Rolls-Royce to cut 600 Marine business jobs
    Power system supplier Rolls-Royce Holdings said it will cut 600 jobs in its Marine business area in order to accelerate cost-reduction programmes. "We have today announced that we will accelerate cost-reduction programmes in our Marine business and reduce the number of employees by a further 600 by
  • ICTSI's Laguna box terminal starts upgrades
    Laguna Gateway Inland Container Terminal (LGICT), the dry port unit of International Container Services Terminal Inc (ICTSI), has commenced building new facilities that might one day lead to a rail connection. The Laguna dry port site, located in Calamba City, 58 km south of Metro Manila, will
  • Thailand's TTA sinks to loss
    Thai shipping and commodities group Thoresen Thai Agencies (TTA) saw a reversal of fortunes when it posted a 1Q15 net loss of THB288.3 million baht (USD8.6 million). This is in marked contrast to the profit of THB182.7 million reported in the same period last year. With interests in transport,
  • CMA CGM more than quadruples Q1 profits
    French container line operator CMA CGM has followed up on its strong 2014 profit performance with a spectacular first quarter one, posting net profits up more than fourfold year on year to USD406 million. The result compares with a USD97 million net profit in the first quarter of last year and a
  • LA-Long Beach box volume falls
    Box volume at America's largest container port complex fell 5.2% year on year in April as Los Angeles and Long Beach continued to work through congestion backlogs. After surging 63.2% year on year in March, total imports at the two ports fell 2.2% to 645,516 teu compared with April 2014. Exports
  • South Korea, India to co-operate in maritime sector
    Indian prime minister Narendra Modi's state visit to South Korea has resulted in the two countries signing a memorandum of understanding (MOU) to co-operate in maritime-related matters. A statement issued by South Korea's Ministry of Oceans and Fisheries on 19 May said that South Korea and India
  • Yang Ming gets new ship, predicts loss for 1H15
    Taiwanese carrier Yang Ming Marine took the delivery of a new 4,662 teu box ship on 18 May, while predicting a loss for the first half of 2015. The new ship, YM Express, is the last of the five 4,662 teu container ships built by CSBC Corporation for Yang Ming. The ship is 259 m long and 37.3 m
  • Japan ship exports down in April
    Orders at Japanese shipyards continue to fall as investment appetite in dry bulk carriers wanes. Japanese shipyards specialise in building dry bulk carriers. Figures from the Japan Ship Exporters' Association (JSEA) showed its member shipyards clinched 22 export orders totalling 1,369,550 gt in
  • CSSC chairman resigns
    Shanghai-listed China State Shipbuilding Corporation (CSSC) announced on 18 May that its chairman Hu Wenming resigned. According to the company's filling to the Shanghai Stock Exchange, his new position has not been released. Hu also resigned from his role as the director and member of the
  • Mermaid Maritime posts losses for 1Q15
    Singapore-listed offshore services provider Mermaid Maritime posted a loss of USD15.9 million for the first quarter that ended on 31 March, compared with a net profit of USD5.2 million in the same period last year. The company's service income fell by 4.6% to USD60.8 million in the first quarter of
  • Singapore seizes huge illegal ivory shipment
    Singaporean authorities have made its second-largest seizure of illegal ivory in 13 years. After receiving a tip-off, the Agri-food and Veterinary Authority of Singapore (AVA), helped by Singapore Customs and the Immigration & Checkpoints Authority of Singapore, seized 3.7 tonnes of illegal ivory,
  • Ezion denies claims of breaching agreements
    Singapore-listed offshore services provider Ezion Holdings refuted claims of breaching charter agreements and said the claims were "frivolous and without merit". According to the company's filing to the Singapore Exchange, Ezion has three service rigs that are currently working in the North Sea,
  • Shippers worry over growing liner alliances
    The Singapore National Shippers' Council has expressed concern as liner alliances are becoming increasingly powerful. Maersk Line has a vessel-sharing arrangement with Mediterranean Shipping Company, and CMA CGM, United Arab Shipping Company, and China Shipping Container Lines comprise the Ocean
  • SK Shipping's 1Q15 profit surges 876%
    South Korea's third-biggest shipping company SK Shipping said on 18 May that its net profit in the first quarter in 2015 jumped 876% year on year (y/y) to KRW28.5 billion (USD25.6 million). Operating profit, which are earnings from the company's core business, rose 82% y/y to KRW57.5 billion. SK

The Loadstarweb site
MAY 19, 2015
  • DHL accused of continuing to conspire to fix surcharges after 'blowing the whistle'
  • More hotspots for violent freight crime in Europe as mafia gangs see the potential
  • CMA CGM shows 'hesitant' Maersk the way as it boosts market share in Q1

Marine Logweb site
MAY 19, 2015
  • The quest for remote gas pushes FLNG innovation
  • Engine with low pressure EGR meets Tier III NOx limits
  • Bollinger Shipyards achieves continued ISO 9001 registration
  • IMO reports on latest MEPC actions
  • Crowley acquires crew management specialist MMS
  • May 19, 2015 Battery powered ferry enters service in Norway
  • House passes bipartisan Coast Guard Authorization Act

World Wide Shipperweb site
MAY 19, 2015
  • April container totals rise at ports of Seattle/Tacoma
  • Matson makes cash offer for Horizon Lines' notes
  • Trio of carriers forming Asia to SAmerica VSA
  • Crowley Maritime acquires Maritime Management Services
  • Port of Savannah delivers gains in container numbers for April

Lloyd's Listweb site
MAY 19, 2015
  • Hapag-Lloyd stake pushes CSAV back into profit
    First-quarter net profit of $70.9m includes $59.8m attributable to tie-up
  • International Salvage Union raises concerns about fall in LOF cases
    Traditional contract has many benefits, trade body insists
  • Oceanbulk Containers eyes Wall Street
    Oaktree-Pappas boxship venture emerges as contractor of six ships at SWS
  • Product tanker owners: prepare for spectacular surge in third quarter
    Middle Eastern product exports will rise dramatically from mid-July onwards, says expert
  • Modi hints at partnerships between Indian yards and Hyundai Heavy Industries
    South Korean shipbuilder eyes Gail's expected jumbo order for up to 11 LNG tankers
  • John Lu calls on Singapore to scrap antitrust immunity for box carriers
    Industry veteran steps down as SNSC chairman after 18 years but continue to be a champion for shippers in parting speech
  • Ireland sees port volume growth in first quarter
    Gains in all major cargo categories, says IMDO
  • Rickmers poaches Oldendorff veteran
    Scharffetter to head maritime services from August
  • JMU posts operating profits up 47%
    Japan's second largest shipbuilder bucks industry trend but net results are hurt by EAS investment
  • Hamburg loses ground on box rivals
    German port feels impact of Russian sanctions as container volumes fall 2.3% during the first quarter
  • Regional Container Lines posts $5.2m profit
    Liftings decline, but so too have costs
  • BP and Sinopec in worldwide bunkering joint venture
    Application in China has been cleared by anti-competition regulators
  • Antwerp offers green ship discounts
    Some vessels could receive 30% cut in port dues as new reduction is added to existing Environmental Ship Index discount
  • ICTSI inland port to help ease Manila congestion
    Logistics terminal 35 miles from MICT will be linked by rail connection
  • Braemar profits but merger costs, offshore and dry bulk present challenges
    Pressures mount in offshore and dry bulk, but Braemar retains longer-term growth ambitions
  • Berlian Laju Tanker reports $39.5m loss for 2014
    Debt-equity swap that would see 27 ships transferred to ownership by lenders has yet to close
  • Uni-Asia posts 76% decline in net profit
    Slack dry bulk market hits Singapore-listed, Japan-owned bulker operator
  • Avance Gas earnings hit by offhire days
    VLGC shipping demand driven by exports from the Middle East and increased exports from the US, says company
  • Black Sea wheat exports add life to small bulkers
    Modest lift for handysize and supramax market as Asian buyers look beyond Australia for wheat supplies
  • April deliveries see the world cellular fleet hit 5,087 ships
    While a large number of vessels joined the fleet last month, this was not matched by any great number leaving service
  • Star Bulk raises $176m from share offer
    Nasdaq-listed company falls short of its $180m target

The Journal of Commerceweb site
MAY 19, 2015
  • US trade commission rejects duties on Chinese built containers
    A U.S. trade commission has ruled against making temporary duties on Chinese manufacturers of 53-foot containers permanent, dealing a blow to the North American manufacturers that accused their Far East competitors of dumping products in the U.S. market. The ruling by the U.S. International Trade Commission is a boon for U.S....
  • Midwest Association of Rail Shippers to Explore Market Changes
    "Shippers and Rails Adapt to Changing Markets" will be the theme for the 245th meeting of the Midwest Association of Rail Shippers (MARS) to be held July 13-14, 2015 at the Grand Geneva Resort in Lake Geneva, Wisconsin. "Shippers and railroads are in the middle of ever-changing market conditions" said MARS...
  • US e-commerce sales break another quarterly record
    Online retails sales in the U.S. marked another record-breaking quarter in the first three months of 2015 after an especially harsh winter kept many consumers inside, shopping from the warmth of their own homes. And warmer weather isn't expected to drive down e-commerce sales. In fact, with the release of new...
  • Old Dominion Named to Forbes Magazine's 'Best Employers 2015' List
    THOMASVILLE, N.C. (May 11, 2015)- Old Dominion Freight Line, Inc. has been named to Forbes magazine's "Best Employers 2015" list. The 500 employers on Forbes' list were chosen based on an independent survey of 20,000 American employees working for large U.S. companies and institutions, and U.S. divisions of international firms, according to...
  • US truck tonnage drops as economy stays stubbornly 'soft'
    U.S. truck tonnage dropped 3 percent in April from March, the American Trucking Associations said, as retail sales stayed flat and spring seemed to lack spring. Year-over-year, truck tonnage rose 1 percent, a significant drop from a 4.2 percent gain in March, the ATA said when releasing its monthly For-Hire Truck...
  • US footwear importers to race even faster to Southeast Asia with trade deal
    Footwear importers are doing more business in Southeast Asia than ever before, and imports from that region will grow even faster if the U.S. approves the Trans-Pacific Partnership trade agreement. Southeast Asia's increase in market share is coming at the expense of China and Hong Kong, although China has such a...
  • Portal allows Florida East Coast Railway shipper to track containers
    Florida East Coast Railway Tuesday unveiled a new online portal that allows the regional railroad's customers to track freight shipments and equipment across its network. "The FECR Connect portal makes scheduling, planning and tracing shipments efficient and convenient for our customers," James R. Hertwig, railway president and CEO, said in a...
  • Maersk, CMA CGM to push aggressive Asia-Europe rate hikes
    Despite an environment of overcapacity, two of the largest carriers in the Asia-Europe trade intend to increase freight rates on June 1. Maersk Line announced a general rate increase of $800 per 20-foot container unit and CMA CGM announced its intention to increase freight rates by $1,000 per TEU in the...
  • Li Tong Group Executive Linda Li to Speak Hi-Tech and Electronics Supply Chain Summit - Europe
    LTG, which optimizes Reverse Supply Chain Management (RSCM) services for technology and telecom, is pleased to announce that Linda Li, the company's executive director and corporate vice president, will speak at the 9th annual Hi-Tech and Electronic Supply Chain Summit - Europe.The summit, of which LTG is a Gold Sponsor,...
  • BDP International Celebrates a Decade of Success in Korea
    BDP International (BDP), one of the world's largest privately owned logistics and transportation companies, today celebrated the tenth anniversary of its operations in the Republic of Korea. During the last decade, BDP Korea has grown to become one of the company's strongest Asian units and a key part of its future...
  • C.H. Robinson to accelerate global forwarding
    After a first quarter of double-digit net revenue expansion in ground, air and ocean transportation, C.H. Robinson Worldwide is preparing for more growth in international markets. On Monday, the largest U.S. third-party logistics and brokerage company named Mike Short president of it Global Forwarding division. The appointment of the former...
  • US containerized exports to Africa plunge while imports rise
    Sluggish demand and unfavorable exchange rates are driving down U.S. containerized exports to Africa and having the reverse effect on American imports from the continent. U.S. exports to Africa tumbled 8 percent year-over-year in 2014, according to data from PIERS, a sister product of JOC.com within IHS Maritime & Trade. Click to...
  • Banana shippers scramble to find capacity
    Long-haul banana trades continue to flourish as consumers in Asia add more of the fruit to their diets. While container lines gain market share, Ecuador based shipbroker Sopisco argues that specialized liner services could claw back some of the business. Bananas remain a key commodity for specialized reefer carriers and container...
  • Reefer operators' optimism rises on spot rate increases
    The southern hemisphere peak reefer season has been better than expected for specialized reefer operators. Fruit volumesseem to be increasing in some key trades, butlogistical bottlenecks and competingdemand from both fisheries and seafood exporters have really turned things around. From an earnings perspective, reefer ship operators can breathe a sigh of...
  • Antwerp to offer discount to ships that cut emissions
    LONDON - The port of Antwerp will offer discounts to ships deploying alternative technology to reduce emissions. The new discount, effective on June 1, comes on top of the existing Environmental Ship Index, which means that ships can benefit from a 30 percent reduction in port dues for every call, the...
  • Frankfurt, Amsterdam air cargo traffic stalls
    LONDON - Europe's top air cargo hubs are feeling the impact of a slowing Chinese economy and a fragile recovery in the eurozone with traffic declining, stalling or growing at a snail's pace in recent months. Frankfurt, Europe's leading freight airport, saw volume edge just 0.8 percent higher year-on-year in April...
  • APL to launch new intra-Asia service
    Container carrier APL said it will replace its current Singapore West Asia Express (SWX) service in the intra-Asia trade with a new weekly service, branded the Asia Sub-continent (AS1), starting at the end of this month. The AS1, employing six vessels, will commence from Qingdao on May 23 with the following...
  • Inland port to raise top Manila terminal capacity by 10 percent
    HONG KONG - Measures to improve productivity in Manila continued with the expansion of an inland port south of the capital that will increase capacity at Manila's main terminal by 10 percent and the recommissioning of a disused rail link to the port.Laguna Gateway Inland Container Terminal, the dry port ooperated...
  • Trans-Pacific lines explain why TEU rates should be 90 percent of FEUs
    HONG KONG - The Transpacific Stabilization Agreement has responded to queries from forwarders about contract guidelines introduced this year that recommend its member carriers set rates for 20-foot containers at 90 percent of the rates charged for FEUs.In setting the contract guidelines late last year, the TSA said the difference...
  • Air cargo spends most of its time on the ground
    HONG KONG - Products being shipped as air cargo spend up to 90 percent of the transport time on the ground waiting to be processed, according to IATA director general and CEO Tony Tyler.The former Cathay Pacific chief executive was commenting after the signing of a memorandum of understanding with...

TradeWindsweb site
MAY 19, 2015
  • Nasdaq warns Paragon
    Paragon Shipping says it plans to take action after the Nasdaq Stock Market warned it could lose its listing if it stock price remains low.
  • Vale to sell eight VLOCs
    Vale concluded a deal to sell four very large ore carriers to China Ocean Shipping Company (Cosco) and expanded an agreement with China Merchants Energy Shipping (CMES) to unload four more.
  • Judge OKs Oceanografia plan
    A Mexican federal judge has approved Oceanografia's bid to exit court-supervised restructuring.
  • Pioneer's loss grows
    Bulker owner Pioneer Marine has reported a bigger net loss for the fourth quarter but saw revenue surge thanks to vessel additions.
  • NewLead ties up tanker
    Greece's NewLead Holdings has won a potential five-year period deal for one of its bitumen tankers.
  • Bergen closes on $33m sale
    Bergen Group has finally been successful in selling its Hanoytangen-based rig business.
  • CSAV turns around loss
    Chilean owner CSAV has returned to profit in the first quarter thanks to its merger with Hapag-Lloyd.
  • NYK: no VLCC spill
    Japan's NYK has denied one of its VLCCs leaked oil at the Keihin Kawasaki berth in Tokyo Bay.
  • More mergers to follow
    Braemar Shipping Services has ambition to follow up last year's merger with ACM Shipping within the next 12 months.
  • Antwerp's eco-discount
    The Belgian port of Antwerp is offering to cut fees for vessels using new technology to reduce emissions.
  • Rem's profit slips
    Rem Offshore has seen its profit squeezed during the first quarter as financial expenses rose.
  • Dof fixes to Petrobras
    Dof Subsea has chartered out one of its newly delivered newbuildings to Petrobras on a long-term basis.
  • Murray Grindrod dies
    South Africa's Grindrod has announced the death at 79 of its long-serving former chairman Murray Grindrod.
  • BP's bunker buddy
    BP is teaming up with China's Sinopec to sell bunkers in Singapore.
  • Bulker runs aground
    Shipping traffic on the St Lawrence seaway has been re-established after being temporarily disrupted due to a bulker grounding.
  • DNV GL on the rise
    Class society DNV GL has posted a stronger profit in the first full year since its merger.
  • Star Bulk raises $176m
    Star Bulk Carriers has completed a direct public offering by raising $176m.
  • Cosco eyes overseas deal
    China Cosco Holdings Co (CCHC) is suspending its shares pending an "important" announcement about an overseas tie-up.
  • Solstad turns red
    Solstad Offshore slipped into the red in the first quarter but its underlying numbers were better than expected.
  • Avance rates edge up
    Oslo-listed Avance Gas Holding has remained firmly in profit in the first quarter as the VLGC market remained strong.
  • Braemar stronger after merger
    UK broking group Braemar Shipping Services has posted a bigger operating profit in the year to 28 February, but the costs of its merger with ACM has hit the bottom line.
  • Better for owners to scrap
    Bulker owners are opting to scrap their vessels rather than lay them up, which may be a good thing according to investment bank UBS.
  • West coast ports mixed
    US west coast ports reported mixed container throughputs for April as they continue to feel the impact of the recent port strike.
  • Write-downs dent Uni-Asia
    Uni-Asia, the Japanese bulker to hotels group, has reported a 76% decline in first quarter net profit due to the weak dry cargo market.
  • Rolls-Royce to sack 600
    Rolls-Royce is to make a further 600 people redundant from its marine division in response to challenging market conditions.

American Shipperweb site
MAY 19, 2015
  • Economist says longshore negotiations should be brought under Railway Labor Act
  • Empties spark April volume growth at Long Beach
  • Maersk, MSC, MOL enter Asia-ECSA VSA
  • Long Beach cement terminal to treat vessel emissions at berth
  • NYK disputes media reports of tanker oil leak
  • FMC reviews 14 OTI license applications
  • Executive Moves: C.H. Robinson and CEVA Logistics
  • Crowley exec acquitted of antitrust charges
  • WTO tells U.S. to cool it on COOL

The Bunker Bulletinweb site
MAY 19, 2015
  • Norway's 'fuel saving' ferry becomes operational
    Uses 150 kWh of electricity per route, the equivalent of three days power used by an average household.
  • Aegean hoping to recoup part of O.W. Bunker and other losses
    Trying to work out solutions to collect unpaid bunkers supplied on behalf of companies that have since gone bankrupt.
  • Oil spill at US Port of Albany
    400 gallons of oil leaked from portable fuel tank.
  • Aegean in $28 million lawsuit against Hess
    Claiming damages for having been misinformed when buying its US east coast bunkering business.
  • Fuel oil emulsion: Trial points to significant savings
    Preliminary results continue to look promising.
  • Belgium port bids to reduce particulate pollution
    By offering discounts to ships with scrubbers.
  • Russian sanctions hit port throughput
    Hamburg abandons its 2015 container target.
  • Bulker detained by USCG
    Vessel having fuel-related loss of propulsion.
  • New threat to bunkering in Russia
    Tax authorities went to limit 'duty free' outlet for oil products.
  • BP, Sinopec in bunkering joint venture
    BP Sinopec Marine Fuel will have a strong focus on Chinese shipping companies.
  • Majority shareholder considers sale of Singapore oil terminal
    After scrapping plans of an IPO for the terminal company last year.
  • Kra Canal: China and Thailand sign MOU
    Vessels will be able to bypass the Malacca Strait.
  • Gazprom Neft mulls LNG engine retrofit project
    Company in move to grow LNG bunkering business.
  • Chinese fuel oil imports up marginally in May
    Low demand for fuel oil from bonded bunker suppliers.
  • Baltic authority to check on ECA compliance
    Checks to be conducted on vessels across Russian ports.

›››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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