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BRIEFS
April 29, 2019
Sched Netweb site
  • HPH Trust net profit falls 33pc to US$6.1 million, sales up 029pc
  • Cosco's OOCL first quarter revenue up 2.3pc to US$1.46 billion.
  • Cosco Shipping Ports Q1 profit fell 27.9pc but sales rose 4.1pc
  • ONE reports US$586 million net loss in first year of operation
  • ONE takes delivery of 14,052-TEU ship for Asia US east coast trade
  • Drewry says win-win shipping alliance terminal operations hard to find
  • ICS says shipping will enjoy improvement if overcapacity ends
  • Europe-Asia/North America box shipping capacity rises slightly
  • Six seamen kidnapped off Nigeria's Bonny Outer Anchorage
  • Planned East Coast Rail Link should help Malaysia's Westports
  • Russia to team up with China to develop an Arctic shipping route
  • Old Dominion Q1 profit up 21.9pc to US$133,323, sales rise 7.1pc
  • Cargotec suffers 8pc profit decline to US$33.7 million as sales rise 2pc
  • Hong Kong Airlines tells pilots to go to other Hainan carriers
  • Forward Air Q1 profit up 3.9pc to US$18.4 million, sales rise 6.2pc
  • Kenyan tax men crack down on non-compliant import/export firms
  • Flydubai Cargo is named Air Cargo Operator of the Year 2019

International Transport Journalweb site
  • A key regional hub
  • Network lauds international partners
  • Bogotá receives laurels from American Airlines
  • Senator International now in Karlsruhe
  • Own petrol station network reduces fuel costs
  • Hapag Lloyd sustainability reports includes SDG
  • 40 years of Transland
  • Eco locomotive replaces old switcher in California
  • Panalpina expands perishables network
  • CMA CGM enlarges digital portfolio
  • Julie Black of Hunt & Palmer becomes deputy chair of Baca
  • Vienna calling - Air Canada coming
  • "Curiosity of the Day"
  • Fedex Express opens logistics centre in Panama
  • New man for Weserport
  • Russian forwarder continues to invest heavily in fleet
  • Container throughput solid in February says Drewry
  • First Taiwanese airline is Iata CEIV Pharma certified

The Loadstarweb site
APRIL 26, 2019
  • $586m loss hits ONE's parent carriers, only MOL manages to stay in the black
  • Cargolux chief: 'I won't drop prices to get tonnage' in a challenging 2019
  • US-Mexico border congestion eases, but 'we are weeks from normal service'
  • UPS chief determined to stay positive, despite declining profits in Q1
  • P&O cries 'ferry foul' and demands £33m payout to match Eurotunnel's
  • Rebound Returns appoints Colin Griffin as executive vice president
  • Supply chain radar: Amazon Logistics isn't picking a fight - rather, it needs your help

Marine Logweb site
APRIL 26, 2019
  • AIDAnova notches up two more LNG fueling firsts
    Carnival Corporation's AIDAnova, operated by its Germany-based AIDA Cruises brand, today became the first LNG fueled cruise to visit Barcelona, Spain -and the first to be fueled with LNG in the Mediterranean.
  • Total to hold New York Global Sulfur Cap Forum
    On May 9, New York's Intrepid Sea Air & Space Museum will be the site of one of a series of Global Sulfur Cap Forums being presented by Total at shipping centers
  • Is this how to make almost any tug an icebreaker?
    A new Finnish initiative would enable any ice strengthened vessel to be used for icebreaking, using a motorized removable bow powered by Danfoss Editron. The Finnish Transport Infrastructure Agency has launched a
  • Newly-merged EnscoRowan takes delivery of jack-up
    Offshore driller EnscoRowan has taken delivery of its first newbuilding rig since its formation by the merger of Ensco plc and Rowan Companies plc, which completed April 11, The rig, the harsh

Lloyd's Listweb site
APRIL 26, 2019
  • Digitalisation survey identifies owners' enthusiasm for new tech - along with the common need for a solid business case to justify investment
    A survey of attitudes towards digitalisation reveals that most shipping professionals are keen to explore new technology as a solution...
  • From the News Desk: Businesses are also a cyber risk
    Forum in Athens to ponder the massive danger of cyber criminals using ships as weapons
  • Will Stellar Daisy lessons be learned too late?
    An industry participant has said that by the time any amendments are made for improved safety, the converted very large...
  • Iran-China crude flow is moving via ship-to-ship transfer network
    Lloyd's List vessel tracking data reveals how a network of Chinese-controlled tankers are moving Iranian crude and switching off AIS...
  • Marine rates hardening in US, Middle East and Singapore
    'Ultimately from a broker's standpoint, the market would seem to be - from a geographic standpoint - equalising and calming...
  • OOCL revenue and volumes rise in first quarter
    Slow growth in transpacific and intra-Asia trades constrains growth at Hong Kong-based carrier
  • The Lloyd's List Podcast: Here's how we decarbonise shipping
    Listen to the latest edition of Lloyd's List's weekly podcast - your weekly briefing on the stories shaping shipping in...
  • Shipping's 'Paris Agreement' needs its regulators
    At one year old, shipping's 'Paris Agreement' requires regulators taking bold steps if it is to grow into something meaningful
  • Yard Talk | Chance for a Japanese renaissance
    South Korea and China have eaten away at the Japanese share of the shipbuilding market in recent years
  • Tanker trends: Certainty of uncertainty
    Tanker demolition is not expected to accelerate until the end of the year, when owners will gain clarity about how...
  • Hutchison Port Holdings lowers container throughput growth forecast
    HPH chief executive Gerry Yim has warned of 'a slowdown' at Yantian terminals this year, though qualifying that there has been no sign of...
  • MOL back in the black as domestic rivals struggle
    All three lines expressed optimism that their investments in the ONE container shipping joint venture would finally bear fruit and...
  • P&O sues UK over no-deal Brexit ferry contracts
    P&O claims that the award of £33m of public money to Eurotunnel put its business at a 'competitive disadvantage'
  • Container freight rates set to remain subdued
    Efforts to maintain capacity discipline have failed to raise the outlook for rates
  • Bunker Holding Group secures $1bn credit facility
    The new money will help refinance and increase a $650m revolving credit facility
  • Western Bulk appoints new chief executive as Ismar exits
    The new head Hans Aasn's, who was appointed by the board, assumes his role in July
  • The Interview: Richard Turner
    Son of an Anglican priest from Essex, Richard Turner now heads both the International Union of Marine Insurance and RSA's...
  • Daily Briefing
    LNG capacity expecting approval hits new high | Russia starts new plant to supply LNG bunker | Exclusive interview with...
  • Petronas takes 50% stake in Brazilian offshore fields
    Move marks an important milestone for Petronas as the company diversifies and expands its oil business portfolio in South America
  • Novatek sells stake in Arctic LNG 2 project to China
    China is seen as one of the key consuming markets for Novatek's LNG sales and the Russian company has previously...
  • ONE expects profits in fiscal year 2019
    ONE posted a net loss of $96m in the fourth quarter ended March 31, 2019
  • Port of Los Angeles moves to counter maritime cyber crime
    The proposed centre will be a collaborative effort to share cyber threat information across a range of companies within the...
  • NYK replaces president after huge losses
    Nagasawa currently oversees the company's automotive transport, dry bulk and energy shipping businesses
  • Pengerang completes first LNGC gas up-cool down
    Petronas-owned LNG carrier Puteri Zamrud Satu has already departed from Pengerang on completing the gassing up and cooling down operation and...
  • Okeanis sees tanker market uplift from third quarter
    Chairman and chief executive Ioannis Alafouzos says new company is primed to seize a generational opportunity
  • Tyler Baron becomes Minerva Bunkering CEO
    Mr Baron was one of three board appointments made last May to end litigation from a group of activist investors
  • US west coast container imports dip year on year
    By comparison, this February the nine US east coast ports monitored by the PMSA posted a combined increase of 3.3%...

The Journal of Commerceweb site
APRIL 26, 2019
  • Railroads work to speed US, Canada truck gates
  • Rhine container surcharges return due to draft drop
  • Oakland port's truck mitigation plan advances
  • LTL carrier Estes Express bids on NEMF flatbed assets
  • ONE expects 2019 profit after last year's loss
  • Port of LA enlists industry to fend off cyber threats
  • HMM's new CEO drives service changes
  • MPV/HL rates buck gloomy outlook

TradeWindsweb site
APRIL 26, 2019
  • Knud E Hansen goes back to China for ro-ros
    Knud E Hansen is going back to Nanjing Jinling Shipyard to develop three more ro-ros for the Grimaldi Group. Knud E Hansen unveils Grimaldi ro-ros This time, the Danish ship designer is working on ships for the Italian shipower's subsidiary Finnlines. The trio of ships are expected to be delivered starting in 2021 and will have more than 5,000 square metres of vehcile decks while carrying the h
  • Bahamas to investigate 2017 Carnival sewage dumping
    US judge releases report showing 13 incidents in which Carnival illegally dumped treated sewage in Bahamian waters while on probation.
  • Cosco's container unit boosted by higher freight rates and OOIL deal
    Cosco Shipping Holdings says its dual-brand strategy is working as shipping revenues increase.
  • VLGC market remains on upward curve despite bull-run taking a breather
    VLGC owners have seen the second longest bull-run in history come to an end but analysts believe there is plenty more to come from the recovering market. Rates for the largest LPG carriers have been climbing consistently for the past month but lost a little ground yesterday to snap the winning sequence. Exmar set to finalise VLGC newbuilding order at China's Jiangnan Shipyard Promise of six-fig
  • Product tanker upturn the real deal, says Concordia Maritime chief Kim Ullman
    Product tanker owners are experiencing the early stages of a multi-year upturn, according to Concordia Maritime chief executive Kim Ullman. A first taste of the good times came in the final three months of 2018 and now volatility has arrived with rates at higher levels. Concordia Maritime clocks up profit as tanker market positions for cyclical takeoff Concordia Maritime: tanker market upswing
  • Chinese LNG investment crucial due to Russian sanctions
    Chinese investment in Russia's new Arctic LNG 2 project is viewed as vital by Deutsche Bank (DB) due to potential financing problems caused by western sanctions. China's CNOOC and CNPC each agreed to take a 10% stake in the Novatek-led scheme on Thursday, with France's Total already having bought 10%. Novatek to end LNG transhipment in Norway Chinese buy into Novatek's new Arctic LNG 2 project
  • P&O sues UK over Eurotunnel Brexit pay-out
    The fall-out from the UK's awarding of post-Brexit ferry contracts has continued with news that P&O Ferries is suing the government. The UK operator is objecting to a pay-out of £33m ($44m) to rival Eurotunnel to settle a court case against the UK state. UK faces paying out millions more in Brexit ferry fiasco UK government cancels Seaborne Brexit ferry contract This legal battle was prompted
  • Flagship China Shipbuilding Industry Corp unit sees costs chew into bottom line
    First-quarter results at China Shipbuilding Industry Co Ltd (CSICL) were hit by high steel costs and rising expenses in research and development, even as the Shanghai-listed shipbuilder managed to stay in the black on one-off accounting gains. Excluding all one-off items, CSICL posted net loss of CNY 535m ($79.4m) for January-March, compared with a net profit of CNY 255m during the same period of
  • Hong Kong shipowner TCC Group sells oldest capesize bulker for scrap
    TCC Group of Hong Kong is believed to have sold its oldest capesize bulker for demolition. Its move comes at a time shipowners are showing an appetite for scrapping bulkers at a relatively young age given a weak market this year. Korea Line Corp sells capesize bulker for scrap Seanergy Maritime eyes equity raise Vale mine reopening delivers 'very good news' for battered capesize market Source
  • Marshall Islands plans safety talks to prevent repeat of Stellar Daisy tragedy
    The Marshall Islands is set to open up talks at the IMO for a revision of the Safety of Life at Sea (Solas) convention to ensure bulk carrier conversions like the Stellar Daisy are built to a safe standard. The move comes following recommendations made in its report into the loss of the VLOC Stellar Daisy and 22 seafarers' lives in March 2017. The Stellar Daisy's technical dimensions, with its h
  • LSC takes on new Vitol VLGCs
    Latvia's LSC has taken over management of the first of Vitol's new VLGCs. The Vitol-controlled company already manages some of the group's tankers, but has now added the 84,000-cbm Vivit Dubhe to its fleet. Vitol boosts tanker fleet with Sargeant deal Vitol, Union Maritime move more MRs to LSC The ship was handed over last month from Hyundai Heavy Industries (HHI). LSC said the vessel is the
  • Box volumes and revenue rise at OOCL
    Hong Kong container line OOCL has posted an increase in container volumes and revenue for the first quarter. The owner, now controlled by China's Cosco, said it carried 1.6% more boxes at 1.6m teu year-on-year, up from 1.57m teu in 2018. Revenues jumped by 5.9% to $1.46bn, as loadable capacity increased by 2.3%. The overall load factor was 0.5% lower than the same period in 2018, but overall av
  • Johs Thode exits shipowning after selling last boxship
    Germany's Johs Thode has finally exited the shipowning business. The Hamburg-based shipowner is understood to have sold its last vessel, the 1,118-teu Hanse Fortune (built 2006). The container feeder vessel was the last of four vessels to be sold in the past few weeks. Details of the transaction remain unclear, but German financial sources said the companies that owned the Thode ships were decl
  • Tanker newbuilding deliveries reach record levels in first quarter of 2019, says Clarksons
    Tanker newbuilding deliveries reached record levels in the first quarter of 2019 bringing a sharp upturn in fleet growth after a stable 2018, according to data from Clarksons. Clarksons: markets 'recalibrating' ahead of IMO 2020 Case highlights 'massive misvaluation' of shipping companies in capital markets JP Morgan welcomes VLCC order slowdown after 'scary' start to 2019 With a front-loaded
  • Glencore faces second US trading probe
    Trading and chartering giant Glencore is facing another US probe. It said it had been informed that the US Commodity Futures Trading Commission (CFTC) is investigating whether the company may have violated certain provisions of the Commodity Exchange Act and/or CFTC regulations through corrupt practices in connection with commodities. "Glencore understands that the CFTC's investigations are at a
  • Novatek to end LNG transhipment in Norway
    Russian producer Novatek is set to end Yamal LNG cargo transhipment in Norway. It is planning to move the operation to the Murmansk region of Russia by the end of the year, the Interfax news agency reported. "We have agreed on a location with the defense ministry, it's close to Kildin Island, but we need a decision to expand the Murmansk port's territory, on checkpoints," said Novatek chairman L
  • NS United merging VLCC, gas and bulker operations
    Japanese owner NS United is combining its tanker and gas carriers operations with some of its bulker business. The idea is to "strengthen its energy services", it said. NS United boosted by rising capesize market Two coal carrier/bulker teams handling domestic and general services will be merged with its oil and gas team carrying out services and fuel procurement. The new energy group will be
  • Cosco Shipping Bulk turns to Beihai to extend newcastlemax newbuilding drive
    Cosco Shipping Bulk has swooped for three more newcastlemax newbuildings to add a second tranche of ships to a major project. Cosco Shipping Bulk inks first round of newbuildings in newcastlemax project Polaris Shipping appoints bookrunners for IPO in Oslo Fresh from inking up to 10 vessels at Cosco HI Yangzhou earlier this week it has now placed a trio of 210,000 dwt bulkers at CSIC Qingdao Be
  • Credit impairment rises at Swedbank
    Credit impairment is on the rise at Sweden's Swedbank. The lender said the figure for the first quarter was SEK 218m ($22.9m), up from SEK 127m in the same period of 2017. Swedbank slashes impairments in 2018 Net interest income was up at SEK 11.36bn versus SEK 10.68bn Net profit rose to SEK 5.27bn, against SEK 5.03bn in 2018. It highlighted increased loan volumes and said its credit quality
  • Dr Peters down to two tankers after sale of suezmax duo to Moundreas family
    German shipping player Dr Peters Group is left with just two tankers after selling an 18-year old suezmax duo to NGM Energy, a Moundreas family company. European market sources said the 150,000-dwt sisterships DS Symphony and DS Melody (both built 2001) changed hands at close to $12m each. The vessels, built at Sasebo Heavy Industries, were among a group of tankers redelivered to Dr Peters abou
  • Bunker Holding seals $1bn finance deal
    Danish fuel supplier Bunker Holding has secured new financing worth $1bn. The unsecured revolving credit facility involves a syndicate of 12 banks. PPG boosts financing to more than $700m The family-owned company said this is one of the largest corporate credit facilities to date in the industry and supports its continued growth and the need for further financial flexibility in the light of IMO
  • Containerships clobber K Line as result turns red
    Japanese giant K Line has slipped to a loss in the year to 31 March as its new containership venture with NYK and MOL hit the bottom line. The company said the net deficit was JPY 111bn ($99m), against a JPY 10bn profit in the previous 12 months. Revenue declined to JPY 837bn from JPY 1.62 trillion. New K Line CEO launches business review Bulkers saw profit grow to JPY 4.4bn from a loss of JPY
  • Trio vie for Hanjin's Subic yard
    Three foreign groups are battling to take over the Hanjin Heavy Industries & Construction shipyard in the Philippines. Hanjin's Philippines claims total $1.71bn The country's trade undersecretary Ceferino Rodolfo was cited by Business Mirror as saying that the trio had pledged to devise business plans for the company, which sought court rehabilitation in January after defaulting on debt. The th
  • Reborn owner Shanghai Junzheng Logistics plots fleet renewal after Sinochem deal
    Successor of Sinochem International Logistics is planning a gradual fleet renewal
  • Mitsui OSK Lines outperforms rivals as it returns to profit
    Wet and dry segments help offset poor performance and containership arm at Japanese giant.
  • LNG man set to take over the reins at NYK
    Forty-year company veteran set to be next president as Tadaaki Naito is named as next chairman.
  • Teekay LNG Partners confirms Petrobras charter extension
    US-listed LNG carrier owner also confirms that promised dividend increase has kicked in.
  • Impairments drag NYK to $400m full-year loss
    Continued problems at Ocean Network Express (ONE) continue to haunt Japanese liner giant.
  • Ultra Deep Solutions joins hunt for top secret jet fighter
    Singapore subsea owner's vessel has been chartered to help carry out underwater search.

American Shipperweb site
APRIL 26, 2019
  • Houston trying to balance shipping, energy industry interests
    The port also is looking to speed up a project to widen its main shipping channel.
  • Manufacturers need tools to adapt to USMCA
    Manufacturers should prepare for increased regional value content for the automobile sector, speakers said during an American Shipper webinar.
  • ONE reports $586 million loss in 2018-19 fiscal year
    Ocean Network Express, the container shipping company owned by NYK, MOL and "K" Line, forecasts a profit in the current fiscal year.
  • Japanese shipping companies expect better year ahead
    Results of NYK, MOL and "K" Line suffer from loss by their joint venture, Ocean Network Express.
  • USTR adds Saudi Arabia to high-priority IP concerns list
    The Office of the U.S. Trade Representative released its annual "Special 301" report on Thursday.
  • DHS steps up targeting of illicit opioids at source
    The Department of Homeland Security and Justice and State departments are working with counterparts in China, Mexico and Central and South America.
  • Executive Moves: Avianca, New Orleans Public Belt Railroad
  • Yantian Express set for repairs in China in August
  • Estes bids to acquire equipment from bankrupt trucker
  • APHIS keeps inspection reserve fund in place
  • CMA CGM adding Vietnam call during cashew nut season
  • Awards: Albwardy Damen to Transplace

The Bunker Bulletinweb site
APRIL 26, 2019
  • Trump asks OPEC to boost oil supply, blames state taxes for gasoline prices
    US President Donald Trump showed Friday he remains focused on domestic gasoline prices
  • China, US face off on Iranian crude flows, with risks to global economy
    China and the US are in an intense standoff over Iranian crude oil
  • Crude settles lower amid profit-taking, Trump comments
    Oil futures ended the week sharply lower as traders booked profits
  • ARA fuel oil stocks rise 11% following closed arbitrage east
    Fuel oil stocks in the ARA hub rose week on week
  • TRADER NOTE: Bunker trader Davide Anghinoni moves to Saras
    Bunker trader Davide Anghinoni has moved to Saras Trading SA from Toyota Tusho UK
  • Singapore HSFO sentiment firms on hopes of lower Western inflow; stocks at 15-month high
    The Singapore high sulfur fuel oil market is expected to rebound in the near term
  • Hoegh Autoliners launches IMO 2020 preparations
    Hoegh Autoliners said it has started preparing for the lower sulfur cap for marine fuel from 2020
  • Singapore's MPA suspends Southernpec's bunker craft operator license
    MPA has also suspended the bunker tanker, Southernpec 7, from conducting bunkering operations at the port.
  • External: Global Risk Management
  • Commodity trader Trafigura ships Venezuelan crude from Europe to China
    The 157,271 dwt tanker Marlin Savanah arrived in the outer limits of Qingdao port on April 11, carrying a cargo of Merey 16 crude owned by Trafigura.

›››File
FROM THE HOME PAGE
CK Hutchison threatens legal action against APM Terminals if it takes over Panamanian ports of Cristóbal and Balboa
Hong Kong
The Chinese company warns that the continued operation of the airports depends solely on the actions of the Supreme Court and the Panamanian state.
Fincantieri presents an industrial plan that foresees the doubling of the production capacity of military vessels in Italian shipyards
Milan
For civil production, a reallocation of volumes to Romanian shipyards and an expansion in Vietnam are planned.
Fincantieri and Generative Bionics sign agreement to develop humanoid welding robots.
Trieste/Genoa
The first tests at the Sestri Ponente shipyard are scheduled for the end of this year
Slight increase in annual freight traffic handled by Croatian ports
Zagreb
Sharp drop in dry bulk offset by increase in liquid cargoes and record containers
The Grendi group expects to close 2025 with a record turnover of 158 million euros (+33%)
Genoa
Revenues increased by 10%, net of the effect of the acquisition of Dario Perioli.
South Korean HMM's quarterly and annual performances were negative.
South Korean HMM's quarterly and annual performances were negative.
Seoul
In 2025 the container fleet transported 3.94 million TEUs (+3.2%)
Offer to acquire European express courier InPost
Amsterdam/Luxembourg
It was submitted by a consortium comprising Advent International (37%), FedEx (37%), A&R Investments (16%) and PPF Group (10%)
Transocean and Valaris sign merger agreement
Steinhausen/Hamilton
The new company will have a fleet of 73 offshore vessels, including 33 ultra-deepwater drillships
Hapag-Lloyd expects to close the 2025 financial year with a 61% decline in operating profit.
Hamburg
Record loads transported by the fleet, growing by +8%.
FS establishes a company specializing in transport and infrastructure consultancy
London
The new company is based in London
Maritime traffic in the Suez Canal fell by 3.4% last year.
Maritime traffic in the Suez Canal fell by 3.4% last year.
Cairo
Growth of +9.0% in the fourth quarter alone. In December, transits increased by +13.1%.
The simplification law, rather than making things easier, complicates the lives of ship captains and burdens them with additional operational and legal responsibilities.
Genoa
BYD and Automar reach agreement for vehicle traffic through the port of Gioia Tauro.
Schiedam
The goal is to serve the central-southern Italian market.
Maersk Group announces 15% ground-based job cuts
Maersk Group announces 15% ground-based job cuts
Copenhagen
The quarterly and annual financial results are impacted by the reduction in the value of maritime freight rates.
In 2025, container traffic in the ports of Genoa and Savona-Vado Ligure reached a historic record of almost three million TEUs
Genoa
Cruise passengers increased by 6.1%; ferry passengers decreased by 4.0%.
Busan Port has again set its all-time record for annual container throughput.
Busan
Last year the total was 24.88 million TEUs (+2.0%)
Panama Ports Company has initiated arbitration proceedings against the Republic of Panama
Panama
Extensive damage reported and state authorities' reluctance to respond to repeated requests for confrontation
In 2025, freight traffic in Sardinia's ports grew by +3.0%
Cagliari
Slight decline in cruise passengers contained by the launch of home ports in Cagliari and Olbia
Freight traffic in the port of Barcelona to remain stable in 2025
Barcelona
In the fourth quarter alone, 16.7 million tonnes were handled (+4.5%)
Maersk and Hapag-Lloyd bring back India/Middle East-Mediterranean service via Suez
In 2025, ships transiting the Panama Canal increased by +14.1%
In 2025, ships transiting the Panama Canal increased by +14.1%
Panama
The ports of the Central American nation handled 9,915,357 containers (+3.6%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Last year, container traffic in the port of Tangier Med reached a record 11.1 million TEUs (+8.4%)
Anjra
New all-time high in total goods
In 2025, Turkish ports handled a record traffic of 553.3 million tonnes of cargo (+4.0%)
Ankara
Container traffic in Italy reached a new all-time high of 678,715 TEUs (+9.8%). Ship traffic through the Bosphorus Strait declined.
APM Terminals will take over the interim management of the Panamanian ports of Cristóbal and Balboa.
Panama
President Mulino urged Panama Ports Company to cooperate fully in view of this new phase
New crop of historic records harvested by Chinese ports
New crop of historic records harvested by Chinese ports
Beijing
In 2025, maritime ports handled 11.63 billion tons of goods (+3.7%)
PPC denounces the contradictory nature of the ruling by the Supreme Court of Justice of Panama with respect to the current legal framework
Balboa
The company does not exclude the possibility of resorting to national and international legal action
Lukoil signs agreement with US-based Carlyle to sell the Russian group's international assets
Fly
The transaction will need to be authorized by the U.S. Office of Foreign Assets Control.
Panama's Supreme Court of Justice declares the law on the concession contract with the Panama Ports Company unconstitutional.
Panama
Last year, PPC port terminals handled 3.9 million containers
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Royal Caribbean Cruises has ordered two new cruise ships from Chantiers de l'Atlantique with options for four more
Miami
New orders for ten new river vessels are planned. A record financial year.
CMA CGM establishes a joint venture with Stonepeak to which it will contribute ten container terminals
New York/Los Angeles
The American company will own 75% and 25% of the shares, respectively. It will invest 2.4 billion dollars.
German rail freight companies reject 37% increase in train path prices
Berlin
Die Güterbahnen urges the Minister of Transport to present the promised reform of the fare system
FS Logistix increases weekly rotations on the Duisburg-Milan railway line from six to ten
Milan
Two daily connections are made in each direction
In the fourth quarter of 2025, freight traffic in the port of Antwerp-Zeebrugge decreased by -4.9%.
Antwerp
For the whole year the decline was -4.1%
Valletta Cruise Port records record annual cruise traffic
London
In 2025, there were 963 thousand passengers (+2.3%)
Evergreen invests up to nearly $1.5 billion in the construction of 23 container ships
Taipei
Seven 5,900 TEU vessels have been ordered from Jiangsu New Yangzi Shipbuilding and 16 3,100 TEU vessels from CSSC Huangpu Wenchong Shipbuilding.
In 2025, Spanish ports handled a record container traffic of almost 19 million TEUs
Madrid
New historic highs also for conventional goods and passengers
First container transhipment operation in an Algerian port
First container transhipment operation in an Algerian port
Algiers
It happened on Sunday at the port of Djen Djen
Truckers from Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia block borders
Belgrade
Week-long protest against the EU's new entry/exit system
Resumption of attacks against ships in the Red Sea region threatened
Tehran
They would be implemented in response to an escalation of US and allied military actions in the region.
New annual record for maritime traffic in the Straits of Malacca and Singapore
New annual record for maritime traffic in the Straits of Malacca and Singapore
Port Klang
Last year, for the first time, over 100,000 ships passed through
New record of sailors abandoned by shipowners
London
In 2025, 6,223 crew members from 410 ships were abandoned
Two FMC commissioners call on the US government to take action against Canadian and Mexican ports
Washington
Enforcement of provision aimed at preventing freight carriers from evading the Harbor Maintenance Fee urged
Annual container traffic handled by the port of Algeciras remains stable.
Algeciras
A 6.2% decrease in the weight of goods in containers was recorded
The EU Commission authorizes Italy to provide financial support for rail operations in ports.
Rome
Incentives for a maximum total of 30 million euros over five years
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Shipping companies urge further incentives to speed up restoration of Suez Canal transits
Ismailia
The need to reduce insurance premiums for vessels transiting the Red Sea region was also highlighted.
€3.1 million in unpaid regional maritime property fees recovered in Campanian ports
Naples
422 default notices to non-compliant dealers
In November 2025, freight traffic in the ports of Genoa and Savona-Vado dropped by -5.5%.
Genoa
The two airports recorded percentage variations of -7.5% and +0.6% respectively
EU ETS: Interferry calls for a halt to the 100% charge for ferry emissions in 2026.
Victoria
The vast majority of the revenues from the maritime ETS - the association denounces - are diverted to the national budgets of the Member States.
The new configuration of the Ocean Alliance service network confirms seven calls at Italian ports
Hong Kong/Taipei
Two at the port of Genoa, two at that of La Spezia and one stop each at the ports of Vado Ligure, Trieste and Salerno
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Last year, freight traffic in the port of Marseille-Fos increased by +5%
Marseille
Cruise passengers grow by +7%
AD Ports has acquired the Spanish shipyard Astilleros Balenciaga.
Abu Dhabi
Transaction worth 11.2 million euros
CMA CGM reports three services on the route around the Cape of Good Hope
Marseille
The international scenario - explains the French company - is complex and uncertain
COSCO Shipping Ports' terminals handled record container traffic last year
Hong Kong
Growth of +6.2% over 2024
In the fourth quarter of 2025, freight traffic in the port of Venice grew by +13.5%
Venice
An increase of +4.9% was recorded for the whole year
Buffer areas to decongest the North West logistics system
Genoa
The proposal is from Connect. Let's remember, Palenzona warns, that the Italian system depends on road haulage.
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
In 2025, Russian ports handled 884.5 million tons of cargo (-0.4%)
St. Petersburg
In the fourth quarter alone, traffic was 231.1 million tonnes (+6%)
The port of Civitavecchia has set a new annual cruise traffic record
Civitavecchia
A 5.4% increase in transit passengers. Disembarking and embarking passengers remained stable.
A ship coming from Russia was seized in the port of Brindisi
Toasts
Alleged violation of sanctions against the Russian Federation
FS Logistix takes over railway operations in Area 6A of the Port of Antwerp.
Antwerp
New generation hybrid locomotives will be used
Greek Shipowners' Association urges EU to take measures to protect ships and crews
Piraeus
Call for expressions of interest for the refurbishment and management of the cruise terminal at the Port of Gibraltar
Gibraltar
Applicants must be willing to fully finance the work
In 2025, acts of piracy against ships increased by +18%
In 2025, acts of piracy against ships increased by +18%
Kuala Lumpur
A 43% decrease in accidents was recorded in the last quarter
InRail to manage the Interporto Pordenone intermodal terminal for a year
Pordenone
Temporary solution in view of the establishment of a public-private company
Turkey's Kuzey Star Shipyard to Build Shipyard in Syria's Tartous Port
Damascus
An investment of at least $190 million over five years is expected
In 2025, cargo traffic in Ukrainian ports decreased by -15%
Kiev
Container traffic grows by 66%
Container traffic in the port of Hong Kong decreased by 5.7% last year.
Hong Kong
In the fourth quarter alone the decline was -8.0%
In 2025, PSA's port terminals handled record container traffic
Singapore
New peaks in volumes handled in Singapore and the group's overseas terminals
Chinese CMPort's port terminals handled record container traffic last year
Hong Kong
The total was 151.5 million TEUs, an increase of +4.0% over 2024.
COSCO orders 12 new 18,000-TEU and six 3,000-TEU containerships
Hong Kong
Jiangnan Shipyard, China Shipbuilding Trading, and COSCO Shipping Heavy Industry win $2.7 billion in orders.
The port of Trieste closed 2025 with a 0.7% growth in freight traffic thanks to the increase in crude oil prices.
Trieste
The port of Gioia Tauro has once again set its container traffic record
The port of Gioia Tauro has once again set its container traffic record
Gioia Tauro
In 2025, the previous peak recorded the previous year will increase by +14%.
Port of Singapore sets new all-time container throughput record
Port of Singapore sets new all-time container throughput record
Singapore
The port confirms its position as the world's second largest container port
The volume of cargo traffic in the port of Koper will remain unchanged in 2025.
Koper
Increase in containers and rolling stock. Decline in other types of cargo.
Taiwan's Evergreen, Yang Ming and WHL close 2025 with double-digit revenue declines
Taipei/Keelung
In 2025, piracy attacks against ships in Asia increased by +23%
Singapore
The severity of accidents has decreased
The Democratic Party accuses the government of blocking investments in ports and placing the Port System Authorities under special administration.
Rome/Genoa
Nova Marine Carriers, Bolten and Ership have acquired full control of VCK Port Logistics.
Lugano
Amsterdam has developed its only covered terminal capable of operating in all weather conditions.
In the fourth quarter of 2025, revenues generated by OOCL's containership fleet decreased by -17.2%.
Hong Kong
Transported volumes increased by +0.8%
TKMS submits non-binding offer to buy German Naval Yards
TKMS submits non-binding offer to buy German Naval Yards
Kiel
The Kiel-based company builds naval vessels and luxury yachts
Meyer Turku completed the design of a cruise ship to zero net emissions
Turku
The main fuel is biomethanol
Last year the turnover of Kalmar grew by +1%
Helsinki
Operating income, net profit and new orders in increase respective of +26%, +28% and +8%
Terminal Investment Limited puts hands on the Peruvian port of Pisco
Lima
Acquired the Portuario de Paracas Terminal
Assagenti urges a more constant and timely information on the progress of the work of the new dam of Genoa
Grimaldi has taken delivery of the Grande Michigan
Naples
It is the eighth Pure Car and Truck Carrier ammonia ready of the Neapolitan group
Meeting between the presidents of the Maritime Federation and Assoporti
Rome
Mario Mattioli and Roberto Petri addressed the main issues of the maritime cluster
Morocco's Marsa Maroc participates in the development of the port of Monrovia
Casablanca
Contract for the management of two docks and the construction of a multipurpose terminal
South Korea's Pan Ocean buys ten VLCCs from compatriot SK Shipping
Seoul
Transaction valued at approximately $668 million
Roberto Mantovanelli has been appointed Secretary General of the Northern Adriatic Port Authority.
Venice
The 2026-2028 Three-Year Operational Plan for the Ports of Venice and Chioggia has been approved.
Stefano Messina has been confirmed as president of Assarmatori
Rome
He will also lead the shipowners' association in the four-year period 2026-2030
In 2025, Albanian ports handled a record traffic of 8.2 million tons of goods (+6.2%)
Tirana
A new peak in passengers also amounted to 1.7 million units (+6.4%)
WASS (Fincantieri) has been awarded a contract by Saudi Arabia for the supply of lightweight torpedoes
Trieste
The order is worth more than 200 million euros
Oxin (Somec) awarded a major order for the construction of kitchen, pantry, catering and bar areas for two cruise ships
San Vendemiano
The value of the order is 53 million euros
Sogedim launches a daily service between Carpi and Campogalliano/England
Carpi
Daily shuttle departing from the logistics hubs of Campogalliano, Carpi and Prato
Danaos Corporation reports record quarterly and annual revenue.
Athens
Profits are falling
CPPIB and OMERS are considering selling their 67% stake in Associated British Ports.
London
Maersk orders eight 18,600 TEU dual-fuel containerships
Copenhagen
Built by New Times Shipbuilding Co., they will be delivered between 2029 and 2030.
PaxOcean opens new shipyard in Singapore
Singapore
It occupies an area of 17.3 hectares
The largest container ship ever arrived in the port of Trieste
Trieste
Port of call of the "MSC Diana" which has a capacity of approximately 19,000 TEUs
Antin Infrastructure Partners acquires U.S. shipbuilder Vigor Marine Group
New York
It has shipyards in Seattle, Portland, Vancouver, San Diego and Norfolk
In 2025, Moroccan ports handled a record traffic of 262.6 million tons of goods (+8.9%)
Rabat
Transhipment equal to 50.5% of the total
Yang Ming deploys first of five 15,500 TEU dual-fuel LNG vessels on Asia-Mediterranean route
Keelung
It will be used in the MD2 service
Study highlights challenges for LNG containerships in complying with future cold ironing connection requirements
Berlin/Hamburg
Fincantieri and Wsense reach agreement to offer cutting-edge underwater systems
Trieste
Co-development of advanced wireless technology solutions planned
Study finds high levels of persistent organic pollutants caused by shipbreaking activities
Brussels
Port of Livorno: tender for ship-generated waste management begins
Livorno
The expected value of the contract is over 40 million euros
DSV revenue and profits impacted by Schenker acquisition
Copenhagen
In 2025, turnover grew by +48.0%
Wärtsilä reports significant growth in quarterly and annual results for the Marine segment
Helsinki
The Finnish group's new orders acquired in 2025 remain stable.
Dutch company Portwise has been bought by its compatriot Haskoning
Rijswijk
The company offers solutions for optimizing terminal operations through automation and electrification
Construction of the first of six container ships for Italia Marittima has begun in China.
Trieste
The ships, which will be able to use traditional fuel and methanol, will have a capacity of 2,400 TEUs
In the Strait of Hormuz, armed vessels ordered a US tanker to stop
Southampton/London
GTS announces new rail services between the port of Genoa and central and southern Italy.
Bari
Connections via the Segrate Milan terminal
The number of dual-fuel vessels employed by liner shipping lines is set to double by 2025
Washington
Currently, 74% of the order book consists of units of this type
Kuehne+Nagel expands CargoCity South at Frankfurt Airport
Schindellegi
A new facility will be completed and taken over at the end of 2028
AD Ports signs agreement to build and operate multipurpose terminal at Matadi Port
Abu Dhabi/Kinshasa
Relaunch of the Banana Deepwater Port Construction Project
Confitarma: The Revenue Agency's position risks having serious repercussions on Italian seafarers' employment.
Rome
Bucchioni appointed pro tempore president of the Association of Freight Forwarders of the Port of La Spezia
La Spezia
The tender for the development of the shipbuilding hub in the port of Ancona has begun.
Ancona
The AdSP Management Committee has approved the call for tenders
ONE's quarterly financial performance declines further
Singapore
The volume of containerized cargo transported by the fleet remains stable
Laura DiBella's nomination for FMC presidency has been signed.
Washington
His term will expire on June 30, 2028.
Port of Singapore saw record bunker deliveries in 2025
Singapore
PSA-MOL joint venture to manage a new ro-ro terminal
The port of Taranto was visited by a delegation from the Japanese FLOWRA
Taranto
The association brings together 21 of the main Japanese energy players
ABB's new orders in a quarter exceed $10 billion for the first time.
Zurich
Growing demand in the maritime, port and railway sectors
In the United States, MSC was fined a total of $22.67 million
Washington
The Federal Maritime Commission has released the results of an investigation
CSC Vespucci and Livorno Reefer will form a single platform dedicated to fruit and vegetable and exotic products in the port of Livorno
Signal Ocean has acquired AXSMarine
Paris/London
The company offers web platforms to support the ship charter sector
Stena RoRo has placed an order for two ro-ro vessels in China with options for four more.
Gothenburg
They were designed in cooperation with the Italian Naos
Shanghai Zhonggu Logistics Co. to Order Four New 6,000-TEU Containerships
Shanghai
The order will include options for two additional vessels
UPS revenues decreased by 2.6% in 2025
In the last quarter alone, a decrease of -3.2% was recorded
ICS has published its periodic analysis of flag state performance
London
Michail Stahlhut will step down as CEO of Hupac in May
Noise
Bertschi: Under his leadership, the company's position as a leading provider of combined road/rail transport in Europe has been strengthened.
Members of the Ravenna Marine Resource Partnership Body have been appointed.
Ravenna
It will meet for the first time on February 4th and will remain in office for four years
Messina (Assarmatori): MIT's decree on cold ironing is a good thing.
Rome
This is a fundamental step - he underlined - to ensure that the electrification of the platforms is actually usable.
Contship has joined the Digital Container Shipping Association's DCSA+ program.
Melzo
Among the goals, improving the efficiency of terminal operations, the accuracy of planning and collaboration with shipping companies.
The Argentine Port Workers' Federation threatens a strike at national ports.
The Silver
Action in support of workers at the port of Concepción del Uruguay
In 2025, freight traffic in the port of Taranto grew by +0.8%
Taranto
In the last quarter alone, a decrease of -22.6% was recorded
Last year, container traffic in the port of Valencia grew by +3.4%
Valencia
5,662,661 TEUs were handled
Fincantieri wins Italian Navy contract to enhance naval vessels' cyber resilience
New facility in Charleston for the production and testing of marine power and propulsion systems
Arlington
It was inaugurated by Leonardo DRS, a subsidiary of the Italian Leonardo
Project to strengthen maritime and port cybersecurity
Brest/Brussels/Rome
The partners are France Cyber Maritime, FEPORT and the Federation of the Sea
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
Container traffic at the Port of Los Angeles fell by 10.6% in the last quarter of 2025.
Los Angeles
A decrease of -0.6% was recorded for the whole year
In the first six months of operation InnoWay Trieste produced 170 railway wagons
Trieste
The construction of 600 units is planned in Bagnoli della Rosandra in 2026
Ferretti rejects KKCG Maritime's partial and conditional voluntary takeover bid.
Milan
Strong confidence in the company's long-term strategy reaffirmed
Haropa Port sets new container traffic record
Le Havre
Last year, overall freight traffic increased by +2%
Decio Lucano, the dean of shipping journalists, has passed away.
Genoa
His paper adventures are countless, including "Vita e Mare" and "TMM", but also digital with "DL News"
Marsa Maroc orders 106 electric terminal tractors from Terberg
Benschop
They will be employed in the port of Nador West Med
Contargo acquires 50% of Cargo-Center-Graz Logistik
Mannheim
The German company extends its intermodal network to the Adriatic ports of Koper and Rijeka.
A single binding offer from Dubai for the purchase of the Venice Ro-Port Mos
Venice
The company manages the terminal for the motorways of the sea and cruises in Fusina
The Port of Long Beach handled record container traffic in 2025
Long Beach
In the last quarter, a decrease of -8.8% was recorded
HMM to introduce AI-based autonomous navigation solutions on 40 vessels
Seoul
Contract with Avikus and agreement with KSOE
Two new rail connections to Germany from the Padua Interport
Padua
They are operated by InRail and LTE Italia
Intersea has become the general agent in Italy for the Portuguese GS Lines
Genoa
The shipping company is part of Grupo Sousa
MSC and Qatari company Maha to develop and manage the Libyan port of Misurata
Paris/Misurata
An investment of 1.5 billion dollars is expected
F2i has been awarded the concession for the Lavagna tourist port
Milan
The concession contract will have a duration of 50 years
Eni launches the hull of the Coral North FLNG
Geoje/San Donato Milanese
It will be used offshore Cabo Delgado, north of Mozambique.
Laghezza has acquired a logistics warehouse in Sarzana
La Spezia
The aim is to establish a local hub for local production activities.
The Red Sea Container Terminal at the Egyptian port of Sokhna has been inaugurated.
Sokhna
It is operated by a joint venture of Hutchison Ports, COSCO and CMA Terminals
The GNV Altair ferry has joined the GNV fleet
Genoa
It has a capacity of 2,700 passengers and 915 linear metres of rolling stock.
Maersk confirms resumption of MECL transits through the Suez Canal
Copenhagen
The line connects India and the Middle East with the US East Coast
Ignazio Messina & C. has acquired full control of Thermocar
Genoa
The Genoese company operates in the temperature-controlled refrigerated container logistics sector.
Genco's board of directors rejected Diana Shipping's acquisition proposal.
New York/Athens
The American company, however, leaves a glimmer of hope by admitting the validity of the merger
MSC will include the port of Trieste in the Dragon Italy-USA service
Geneva
The Julian port will be reached starting from the second half of February
De Wave Group has acquired French company DL Services.
Genoa
The company specializes in the design of industrial kitchens and the supply of technical components and spare parts on board
CMA CGM's TUX transatlantic service will call at the port of Salerno
Marseille
The line connects Turkey with the East Coast of the USA
Cruise traffic in the port of Piraeus increased by +9% last year
Piraeus
Approximately 1.85 million passengers moved
New intermodal connections between Northern Italy and Belgium by GTS Rail and CargoBeamer
Bari/Leipzig
Activated on the Padua-Zeebrugge and Liège-Domodossola lines
In 2025, cruise traffic in the port of Genoa grew by +6.5%
Genoa
Ferry passengers down 3.6%
Grimaldi took delivery of the PCTC Grande Manila
Naples
The vessel has a total capacity of 9,241 CEUs.
Expedition cruise ship Exploris One to be auctioned off
Nantes
It has a capacity of 144 passengers and 102 crew members.
SeaCube Container Leasing has acquired Martin Container.
Montvale
The company specializes in the refrigerated container segment
Pisano: The Simplified Logistics Zone has great strategic importance for the port of La Spezia.
La Spezia
RINA and HPC launch project to promote green ports in the Caspian region
Genoa
Five-year contract with the OSCE
Vard to build four Multi-Purpose Robotic Vessels for Ocean Infinity
Trieste
The contract has a total value of over 200 million euros
Hanseatic Global Terminals will become sole owner of Florida International Terminal
Rotterdam
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
The transportation sector enters a turning point with the adoption of artificial intelligence
Ulm
However, most companies are still in the early stages of this process.
Work completed to widen the access channel to the port of Livorno.
Livorno
The width between the two banks will be increased from 70 to 120 meters
Nexans sets a record for the depth of laying a high-voltage submarine cable on the Tyrrhenian Link
Paris
Installation at -2,150 meters
Funds for Spanish ports to adapt to the use of wind energy and other marine renewable energy sources
Madrid
Program with a total value of 212 million euros
CMD - Costruzioni Motori Diesel returns to wholly Italian ownership
Atella
Giorgio and Mariano Negri have acquired 67% of the capital held by the Chinese Loncin Motor Co.
Intesa Sanpaolo is financing the construction of three PCTCs for Grimaldi Euromed.
Milan
The new ships will be delivered later this year
Medlog acquires Australian intermodal operations of Seaway
Fremantle
The transaction will be completed within the first quarter of this year.
MIT has updated cybersecurity measures for national ships, ports and port facilities
Rome
A circular has been published which, among other things, introduces staff training
V.Group has bought the Danish company Njord
London
The company offers the shipping industry solutions for energy efficiency and decarbonisation
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
A conference on congestion in the North West logistics system will be held in Genoa on January 19th.
Genoa
It will be held at the Transparency Hall of the Liguria Region
Spediporto's conference "Take opportunities navigating trade tensions" will be held in Genoa on December 1st and 2nd.
Genoa
It will be held at the Conference Hall of Banca Bper
››› Meetings File
PRESS REVIEW
Auction of megaterminal in Santos may be postponed due to deadlock within the Federal Government
(A Tribuna)
East Port Said Port faces a new challenge with Europe's carbon rules for shipping
(EnterpriseAM)
››› Press Review File
FORUM of Shipping
and Logistics
Intervento del presidente Tomaso Cognolato
Roma, 19 giugno 2025
››› File
Fire aboard the Majestic ferry in the Port of Genoa
Genoa
The flames were extinguished by the intervention of the on-board fire brigade and did not cause any injuries.
COSCO to acquire control of German logistics company Zippel
Hamburg
Agreement to acquire 80% of its capital
Colombo Port Sets New Annual Container Traffic Record
Columbus
Sri Lanka Ports Authority signs agreement with French shipping group CMA CGM
Viasat to exit British company Navarino's capital
London
ICG to support the Tsikopoulos brothers in reinvesting in the company
The Palau government ensures the full operation of the Naval Registry
Koror
Moses (BMT): Services continue to be provided in accordance with international procedures and standards
In the first nine months of 2025, freight transported on the Austrian rail network increased by +1.4%
Vienna
Growth of +4.9% was recorded in the third quarter alone
Saipem wins $425 million offshore contract to develop the Sakarya gas field.
The decree for the distribution of PNRR resources to interports has been signed.
Rome
The disbursement of 1.9 million euros is expected
Messina, a Genoese company, launches a new service to Algeria.
Genoa
The rotation touches the ports of Fos, Genoa, Barcelona, Algiers, Fos
FS Logistix is the first company in Europe to certify its carbon footprint for freight transport.
Rome
The FS group company has obtained ISO 14067 certification
WASS (Fincantieri Group) wins torpedo supply contract for Indian Navy
Trieste
Contract with a total value of over 200 million euros
FHP Intermodal will become operational on January 1st
Milan
FHP Group completes the integration process between its subsidiaries CFI Intermodal and Lotras
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