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16 July 2024 - Year XXVIII
Independent journal on economy and transport policy
02:30 GMT+2
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December 1, 2022

free news
Exim India web site
DECEMBER 1, 2022
  • MSA Global forays into auto logistics
  • Reach stacker manufacturing sector needs subsidised policy
  • PSA India launches new direct southern rail connection to Cochin
  • CONCOR's revised additional discount scheme on rail freight of empty containers' repositioning based on incremental imports
  • A.P. Moller-Maersk & IBM to discontinue TradeLens, a blockchain-enabled global trade platform
  • Gateway Distriparks to commence container train services at ICD Kashipur
  • India calls for time-bound action plans for digitisation at IMO Council Session
  • Ammonia-fuel ready LNG-fuelled vessel proceeds to actual design
  • YOU ASK.. WE ANSWER...
  • DGFT notifies lifting of ban on export of organic broken non-basmati rice
  • Bumper wheat production seen in 2023
  • Railways aims at over 100 coal connectivity projects
  • Seafood exports likely to miss target for FY23
  • ONE's new weekly IGS service to connect Jebel Ali with Mundra, Hazira & Nhava Sheva
  • Permissible draught at New Mangalore Port berth up

free news
International Transport Journal web site
DECEMBER 1, 2022
  • Europe to Central Asia rail service launched
  • GoA4 passes the test
  • Negative impact on world trade
  • Allcargo makes big purchase
  • K+N: Marc Pfeffer to join management board
  • Masterplan for King Salman International Airport
  • Low waters leaving their mark on the Rhine
  • A new project team is on
  • Forwarder reactivates industrial rail track
  • Switzerland adopts European drone regulations
  • Deutsche Aircraft promotes Maximilian Fahr
  • Ammonia import terminal rises from the waters
  • Air & logistics united for net zero
  • Financial support for booking platform
  • "Curiosity of the Day"
  • Mileway picks Aymeric Canivenc
  • Iata renews Ceiv Pharma for Portground
  • Avianca: three new speed service levels

free news
The Loadstar web site
NOVEMBER 30, 2022
  • Fears that transatlantic rates may sink under the weight of extra tonnage
  • Decaying demand sees China's ports building empty container mountains
  • Fate of TradeLens data in the ether as Maersk ditches blockchain platform
  • Zergratran's new Panama Canal 'alternative' - pull the other one
  • Atlas Air shareholders vote for merger, despite alleged violations of Securities Act
  • EU gets updated shipping ETS and now the focus switches to aviation
  • Government must stand firm, say shippers after latest Korean strike talks fail
  • Après moi, le déluge
  • US 'annual shopping orgy' sees record sales as retailers heavily discount
  • US trucking industry on the verge of freight-tech revolution

free news
Marine Log web site
NOVEMBER 30, 2022
  • Maritime Partners orders key technology for Hydrogen One
    Plans to make the world's first methanol/hydrogen fuel cell-powered towboat - Hydrogen One -a reality are moving forward. The vessel will be powered by hydrogen generated from methanol and Maritime Partners, which

free news
Container News web site
NOVEMBER 30, 2022
  • SC Ports contributes US$50,000 to urban trail system in the City of Greer
    South Carolina Ports (SC Ports) is contributing US$50,000 to the City of Greer to help create an urban trail system in the Sunnyside community. The proposed trail system, called the Wards Creek Trail, will provide a new recreational amenity for Sunnyside residents, according to South Carolina ports and it is designed to create more pedestrian access and connectivity to the City of Greer's downtow
  • Tips for Buying a Classic Car Online
    When it comes to classic cars, nothing beats the experience of buying one. You can inspect every inch, chat with the seller, and get a feel for the car's history. But what if you don't live near any classic car dealerships? What if the vehicle you want is out of your price range? In those cases, buying a classic car online may be your best option. Here are some tips to ensure the process goes as
  • ICTSI announces start of first Rijeka - Austria direct cargo rail service
    International Container Terminal Services Inc. (ICTSI) has announced that a new first regular train connection has been launched between the Croatian port of Rijeka and Enns in Austria. The first train for Container Terminal Enns (CTE) in Austria departed from ICTSI's Adriatic Gate Container Terminal (AGCT) on 11 November. The block train is operated by Maersk Line with CD Cargo Adria providing r
  • UTURN introduces container price calculator tool
    UTURN has announced the launch of the first container price calculator on 1 December 2022, which is expected to provide a benchmark and insights into the duration of the transportation, the number of kilometres and the Co2 emissions. According to UTURN, a logistics tech scale-up that optimises and matches container transports in Europe, its new tool calculates today's price for container transpor
  • Port Houston adds container yard space and approves next year's budget
    Port of Houston Authority has unveiled its plans to add container yard space aiming to improve the efficient movement of goods in order to reduce ongoing disruptions to the supply chain. More specifically, Port Houston plans to use approximately 405,000 m² at the developed Bayport East End (East End) of the Bayport Container Terminal (BPT) in Harris County, Texas as an additional container yard (
  • Maersk opens new storage facility in Pakistan
    A.P. Moller - Maersk inaugurated its new Integrated Logistics Park at Port Qasim in Pakistan. This facility will cater to storage requirements of cargo from retail & lifestyle, Fast Moving Consumer Goods (FMCG), automotive and technology sectors, according to the company. With its six purpose-built sheds, the new facility makes Maersk the country's largest logistics and warehousing provider, with
  • CMA CGM starts new link between Morocco, Canada and US East Coast
    CMA CGM has announced the launch of a new seasonal offering connecting Tanger, Morocco with the United States East Coast & Canada during fruit and vegetable season. The rotation of the new service, MOCANA, will be Tanger Med (Morocco) - Halifax (Canada) - New York (US)- Norfolk (US)- Savannah (US) - Charleston (US)- Tanger Med. The 9,661 TEU boxship CMA CGM Pelleas will be used on the next voyage
  • Port of Salalah and Maersk to launch new multimodal transport solution
    Port of Salalah, partnered with Danish container carrier Maersk, will launch a new multimodal transport solution to Al-Mazyunah free zone in Oman. Designed to facilitate inland services, the new offering extends beyond the port and includes securing customs clearances and bonded trucking services to Salalah and Al-Mazyunah free zones hubs under carrier haulage. According to Salah port, the new se
  • OCEAN Alliance to upsize Transatlantic lane again
    The OCEAN Alliance is upsizing its transatlantic service again by replacing four 8,500-10,000 TEU ships with four 11,000 to 14,000 TEU vessels. COSCO Shipping Lines, CMA CGM and Evergreen Marine Corporation form the alliance. On 9 December, the 14,000 TEU Tampa Triumph will become the largest vessel ever deployed in the North Europe - US East Coast trade when it replaces the 9,466 TEU Ever Lucky.
  • ONE introduces new service to connect India and UAE
    Singaporean container line Ocean Network Express (ONE) will launch a new weekly service, connecting India with the United Arab Emirates (UAE). The new India Gulf Service (IGS) has been developed, according to ONE, in order to provide a stable and quick connection to its customers and to cover the rising trade demand between the two countries which has been boosted by the Comprehensive Economic Pa
  • Maersk and IBM shutdown TradeLens
    AP Moller - Maersk and IBM have decided to withdraw the TradeLens offerings and discontinue the platform. "TradeLens was founded on the bold vision to make a leap in global supply chain digitisation as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLen
  • ONE Trust, equipped with wind deflector, arrives in France
    The 20,170 TEU container vessel ONE Trust is the first ship in the world to be equipped with a wind deflector on the bow. The vessel of Ocean Network Express (ONE) arrived in Le Havre, France in the previous week, making its first port of call after the installation of the new device. ONE Trust is the only, of a series of six 20,170 TEU container ships, to be equipped with this device. The instal

free news
Splash web site
NOVEMBER 30, 2022
  • New report puts a $90bn price tag on UK's shipping net zero target
    UK maritime sector will need around £75bn ($90bn) of investment over the coming three decades to transition to net zero, a new report released by London-based shipping asset manager Marine Capital estimates. In 2019, the UK became the first major economy in the world to legislate to reach net zero by 2050 including the domestic ...
  • EU agrees preliminary ETS deal for shipping
    EU institutions have hammered out a preliminary agreement to include shipping within the scope of the emissions trading system (ETS). Under the deal struck late Tuesday evening, all ships of 5,000 gt and over within the EU will be required to pay for 100% of their emissions, while 50% of the emissions on voyages between ...
  • Terntank orders up to four methanol-ready and wind-assisted battery hybrid tankers
    Tanker operator Terntank has placed an order at China Merchants Jinling Shipyard in Yangzhou for the construction of up to four battery hybrid 15,000 dwt ships that will be methanol-ready and sport wind-assisted propulsion. The firm two newbuilds, also powered by gasoil and biofuels, have been designed by Kongsberg and are set to deliver in ...
  • Ineos bolsters ethane carrier fleet with Iino's VLECs debut
    London-headquartered chemicals firm Ineos has sealed a long-term charter deal with Japanese shipping line Iino Kaiun Kaisha (Iino Lines) for two newbuild very large ethane carriers (VLECs). The 99,000 cu m newbuilds will deliver in 2025 and 2026 bringing Ineos' ethane fleet to a total of 18 vessels, including ten VLECs and eight Dragon class ...
  • Celsius adds to Samsung Heavy LNG carrier orderbook
    Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries, taking its orderbook of ultra-eco ships at the yard to 10 and adding to the fleet of four units already delivered in 2020 and 2021. The vessel will be built to Lloyds' Register ...
  • Secondhand bubble has 'burst'
    Even though tanker assets have shot up in recent months, overall secondhand ship prices are in free-fall. The newbuilding index managed by Clarksons Research has this month gone back above the company's secondhand index (see inset chart), a return after 19 months to more normal shipping patterns. While the two indexes are not indexed relative ...
  • Splash Extra: Muted maritime trade growth forecast through to 2027
    Yesterday the United Nations Conference on Trade and Development (UNCTAD) published its keenly read Review of Maritime Transport 2022. The 190-page report covers seaborne trade, the world fleet, freight rates and port traffic among a host of other data points. For the period 2023-2027 UNCTAD is predicting maritime trade growth to expand at an annual ...
  • DEME and Jan De Nul lining up French wind farm deals
    Belgian marine contractors DEME and Jan De Nul are lining up work on the Dieppe-Le Tréport offshore wind farm in France. Les Éoliennes en Mer Services, a consortium of Engie, EDP Renewables, Sumitomo Corporation and Caisse des Dépôts said it had inked a vessel reservation deal with Jan De Nul for the transport and installation ...
  • Maersk and IBM fold TradeLens
    Maersk and IBM have announced they will discontinue their work on their TradeLens blockchain platform, citing a lack of industry willingness to participate. The platform, under development since 2018, will go offline by the end of Q1 next year. "TradeLens was founded on the bold vision to make a leap in global supply chain digitisation ...
  • Wintermar bolsters fleet with AHTS pair
    Indonesia's Wintermar is expanding its offshore support fleet with the acquisition of two anchor handling tug supply (AHTS) vessels. The transaction details have not been disclosed, except that the AHTS pair will be known as SMS Sonnet and SMS Stanza after delivery and will be used beginning in the first quarter of 2023. Wintermar has ...
  • Carrier results could fall up to 70% in the fourth quarter: Alphaliner
    With the container shipping industry widely accepting that the peak of an epic cycle was passed by the middle of this year, attention is turning to how severe the drop in profits could be in the coming quarters. Alphaliner is warning carrier results could fall up to 70% in the fourth quarter, with Israel's ZIM ...
  • Tsakos urges Rishi Sunak to make London a more attractive place for shipowners
    One of Greece's most famous shipowners has called on the new Rishi Sunak administration in the UK to make London a more attractive place for shipowners. Nikolas Tsakos, the head of tanker giant Tsakos Energy Navigation (TEN), has decided to come onboard as a sponsor of next year's London International Shipping Week (LISW). In doing ...
  • Costamare details new dry bulk platform
    Costamare has given details of its new dry bulk operating platform. The new venture, which the Greek owner has pumped $200m into, has a global footprint through offices in Athens and Monaco and through agencies in Copenhagen, Hamburg and Singapore. Costamare said the new venture will charter in and out dry bulk vessels, enter into ...
  • Aristidis Alafouzos takes over as CEO at Okeanis Eco Tankers
    Aristidis Alafouzos is stepping up from COO to replace his father, Ioannis Alafouzos, as CEO at Okeanis Eco Tankers. Alafouzos senior will become chairman of the Oslo-listed firm. In further management changes, Iraklis Sbarounis, former CFO at TMS Shipping, is joining the company as CFO, serving alongside Konstantinos Oikonomopoulos, who will take over the role ...
  • Nuclear power pursued by Canadian port
    The Belledune Port Authority (BPA), which manages the Port of Belledune in northern New Brunswick, Canada, is working with Cross River Infrastructure Partners to pursue the use of advanced small modular reactor (aSMR) technology as part of a future expansion at the port. The development proposes to use aSMR from ARC Clean Technology Canada (ARC) ...
  • UN warns of muted maritime trade growth through to 2027
    The United Nations has warned shipowners to prepare for years of slower maritime trade growth coming up through the middle of this decade. Yesterday the United Nations Conference on Trade and Development (UNCTAD) published its keenly read Review of Maritime Transport 2022. The 190-page report covers seaborne trade, the world fleet, freight rates and port ...
  • Stop talking, start doing
    I'm detecting a step change in owners' attitude to decarbonisation. Pacific Basin from Hong Kong has broken ranks in the dry bulk segment, startling this laggard sector into action. For too long now, shipping has been talking a great deal of green hot air with very little to show in terms of progress. Sure, there ...
  • November 2022 Review
    Tanker rates spiked into six-digit territory as Russia rushed to export as much oil as possible ahead of strict new shipping sanctions next month. Details of a Russian oil price cap and penalties and bans against shipping companies who infringe sanctions due to come in place on December 5 have begun to emerge. LNG rates, ...
  • The double-decker tanker freight market
    Oil prices have been drifting downwards. They fell 2% on November 25 as Brent closed at $83.63 a barrel and WTI sat at $76.28 a barrel, both near or at 10-month lows. The two-month ahead price dipped into contango, indicating current oversupply with near term delivery prices lower than the two-month out price. Falling oil ...
  • Dry bulk owners will be satisfied with 2022
    After the biggest annual increase on record, 176% in 2021, the Baltic Dry Index (BDI) is set for one of its biggest annual falls on record this year, being down 33% already, the biggest drop since the end of the previous cycle in 2015 when it fell 35%. Only a strong December can prevent this, ...
  • Thanks for the container party, time to go home
    AP Moller-Maersk released its Q3 report on November 2, in which it said that revenues were up 37.1% at $22.8bn and EBITDA was up 56.4% at $10.9bn. Maersk reported that its average container shipping contract rate would be around $1,700 per feu higher in 2022 than in 2021, and that contracts would cover 71% of ...
  • Analyst Abstract
    Tankers Tanker rates exploded this month, heading deep into six-digit dollars a day territory, leading experts at BRS to describe the numbers as "completely bonkers". BRS, and others, believe the rally is sustainable as the northern hemisphere enters winter with much of the West avoiding Russian energy supplies. Yesterday saw Jefferies raise its estimates and ...
  • Secondhand prices in retreat
    The chart to note on this page is the one from Clarksons where the red line of newbuild prices has returned to its normal place above the dark blue line representing secondhand prices. Only during a very hot market does this blue line surpass the red one, as owners rush to grab any available, immediate ...
  • Are surging borrowing costs affecting ship prices?
    Analysts at Compass Maritime recently noted that despite higher interest rates and reports of fewer buyers offering on sales candidates, a large number of tanker and bulker sales of all sizes and ages have been completed in the last month or so. The US shipbroker stated that on the other hand rising interest rates this ...
  • Developers of Connecticut's first offshore wind farm to fund marine life study
    Ørsted and Eversource, developers of Connecticut's first offshore wind farm, Revolution Wind, have established a multi-year research partnership with non-profit Mystic Aquarium to conduct one of America's first comprehensive studies of the effects of offshore wind turbines on marine mammals and sea turtles. The research partnership is part of a $1.25m grant Ørsted and Eversource ...

news on subscription
Lloyd's List web site
NOVEMBER 30, 2022
  • Greek tanker calls expose Russia's looming post-sanctions tonnage shortfall
    Russian tankers and dark-fleet vessels accounted for 44 out of 172 voyages monitored, revealing a serious shortfall of available tonnage...
  • Nordic American Tankers returns to profitability
    Tanker group says combination of tonne-mile expansion and low supply growth 'is bullish news for our vessels for 2023 and...
  • Kiel Canal closed to shipping after vessel hits bridges
    Thirty casualty incidents this year have resulted in the complete blocking or disruption of maritime traffic
  • BIMCO sees 2024 as more favourable year for dry bulk
    Against the backdrop of a weakening economy and uncertainties around Chinese demand, average dry bulk rates are expected to be...
  • London Club outlook rating revised down by S&P
    Financial strength rating held at BBB, among lowest in the International Group
  • UK shipping needs $90bn to meet net-zero goal
    New sources of capital will be required to fund the industry's decarbonisation transition, with institutional investors a possible viable source...
  • Why the pandemic was a watershed for shipping
    In the same way that the switch from 'relationship banking' to 'digital banking' has taken 10-15 years to get right...
  • Iino Lines orders VLECs for charter to UK's Ineos
    British chemical group Ineos has agreed long-term time charter of 99,000 cu m capacity pair via its Trading & Shipping...
  • Terntank orders advanced products tanker newbuildings
    Newbuildings will be built to methanol-ready specification with the design optimised for the retrofitting of sail assistance equipment in the...
  • EU reaches preliminary agreement to include shipping in ETS from 2024
    Ringfencing of revenue from carbon market is a huge deal, says European Community Shipowners Association
  • Boxship supply growth must be curtailed to improve outlook
    Capacity growth will outpace demand growth for the next two years at least. Economic headwinds will continue to put pressure...
  • Frontline expects 'prolonged' strong cycle for tanker sector
    'The market is virtually firing on all cylinders,' says chief executive
  • Top 10 in ship finance 2022
    BNP Paribas signed a deal with Japan's SBI Leasing for financing under newly embraced Japanese Operating Lease with Call Option...
  • Costamare expands its dry bulk presence
    The company, which broke into dry bulk last year, will charter vessels both in and out, enter into contracts of...
  • Russia increases wheat shipments
    Black Sea Grains Initiative, which was designed to allow safe navigation from three Ukrainian ports, has so far achieved its...
  • Shipping industry needs more support to become greener
    Regulation must be consistent across geographical borders and industrial sectors
  • Taylor Maritime offer for Grindrod declared unconditional
    Taylor Maritime has offered $21 for each share tendered. In addition, each Grindrod shareholder will receive a $5 special cash...
  • Samsung seals $251m LNG carrier newbuilding order
    SHI has won orders for 36 LNG carriers in 2022, comprising 73% of its total orderbook
  • Daily Briefing
    Togo turmoil over flag registry status after 'embarrassing' violations | CULines faces charterparty default as rate collapse leaves emerging lines...

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The Journal of Commerce web site
NOVEMBER 30, 2022
  • Software woes force Houston to delay start date of long-dwell import fee
    The Port of Houston, citing technology problems, is postponing the start date of a new fee that would penalize shippers who don't retrieve import containers after the allowable free time.
  • House takes action to avert crippling US rail strike
    The US House of Representatives has waded into ongoing rail negotiations, passing a bill to prevent a potential strike and a second resolution that would give workers seven paid sick days.
  • Pandemic offers opportunity to improve US port flow
    All supply chains converge at the marine terminal, so facilitating and protecting fluidity through the terminal is the key to unlocking broader supply chain effectiveness, writes JOC's Peter Tirschwell.
  • Heightened final-mile expectations drive investment into OneRail
    OneRail has channeled the need for shippers to access final-mile capacity and service level consistency into a large venture capital funding round.
  • Ocean carrier profits to tumble in Q4 slowdown: analyst
    Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
  • Ocean carrier profits to tumble in fourth quarter slowdown: analyst
    Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.

news on subscription
TradeWinds web site
NOVEMBER 30, 2022
  • Seanergy Maritime beats estimates profit slumps in weaker market
    New York-listed capesize owner stays confident as time-charter equivalent revenue slumps
  • KNOT Offshore Partners shares battered as the New Year looms with charters expiring
    Shuttle tanker owner is 'expending a great deal of energy' to find charter coverage in 2023
  • The $200m MR tanker? Jones Act expert says that number could be next
    The cost of a future newbuilding will require a hefty charter rate to justify the investment, expert says
  • S&P Global Ratings revises London P&I Club outlook to negative
    Agency says adjustment was made because of a change in the insurer's capital adequacy
  • 'Complicated': Euronav offer delay is purely regulatory, insists Frontline's Barstad
    Tanker boss admits process of moving domicile from Bermuda to Cyprus has proved time-consuming
  • Container sector braces for era of lower profits as spectacular rate slide continues
    A year during which container profits exceeded those of FANG tech giants draws to a close
  • Green Seas: What will EU methane emissions trading mean for LNG-fuelled ships?
    Our weekly environment newsletter looks at the potential impacts of adding shipping's methane pollution to EU emissions trading
  • Gasunie plans new FSRU-based LNG import project for Netherlands
    Athens meeting hears pleas for more LNG import infrastructure in Europe, increased LNG supply and regulatory certainty
  • Donald's Carnival cruise legacy: A boom bookended by crises
    As former CEO steps back from cruise giant, he leaves the sector's dominant company facing a long voyage back to financial health
  • AP Moller-Maersk pulls the plug on TradeLens blockchain venture
    Digital platform deemed 'commercially unviable' will be taken down next year
  • EU includes methane and nitrous oxide in shipping emissions trading scheme
    Observers hail 'huge' breakthrough as European policymakers iron out details over how shipping emissions will be traded
  • Harvey Gulf reveals how pig manure fuelled its pursuit of net-zero goals
    Offshore vessel owner finds that blending only a small portion of bio-LNG into the fuel mix allows for net-zero operations
  • UK needs $90bn to decarbonise domestic shipping but funds hard to obtain, says report
    Marine Capital report argues green fuels for ferries and ro-ros can cut emissions quickest but government will need to support new financial products for investors
  • Bimco: Price cap impact 'impossible' to gauge in tanker markets
    Shipowners remain in the dark about the scheme as the European Union has yet to set a price level
  • Schuyler Line sues construction giant over repeated holdups at remote British military outpost
    US shipowner alleges Fluor Corp subsidiary owes it $2.2m in detention and demurrage charges related to a military construction project
  • West will 'struggle to enforce oil price cap breaches'
    Sanctions expert says measures to limit Vladimir Putin's profits from energy sales have not been thought through
  • Ineos builds world's biggest ethane carrier fleet with new Iino VLECs
    British chemicals producer adds two 99,000-cbm ships in deal with Japanese owner
  • Boost for CO2 carriers as E.ON reveals 'industrial-scale' storage project
    Energy company commits more than 1m tonnes to Norwegian scheme
  • ABS launches digital start-up with eyes on shipping's decarbonisation challenge
    Led by tech veteran Paul Sells, stand-alone company ABS Wavesight aims to focus on digital products while leveraging class society's maritime experience
  • Terntank orders up to four tankers ready for wind and methanol propulsion
    Owner continues decarbonisation journey with deal in China for innovative ships
  • Why shipping must act now to beat inertia on global emissions goal
    Efforts to persuade the IMO to strengthen targets will continue, but a climate expert says it is just too late
  • Ineos builds world's biggest ethane carrier fleet with new Iino VLECs
    British chemicals producer adds two 99,000-cbm ships in deal with Japanese owner
  • EU includes methane and NOX in shipping emissions trading scheme
    Observers hail 'huge' breakthrough as European policymakers iron out details over how shipping emissions will be traded
  • Russia working on boosting recognition of domestic tanker insurance, minister says
    Moscow is seeking agreements to help oil shipments move out
  • Greek PM says country could host up to four new LNG terminals
    Minister says a final investment decision on a new FSRU-based facility near Corinth will be taken soon
  • Grieg Green's Pia Meling steps in as Star Capital directors quit MPCC
    German tonnage provider calls shareholder meeting to add experienced executive to board
  • Celsius Tankers boosts LNG carrier fleet with SHI newbuilding
    Company moves into double figures with latest order which it said is fixed to major charterer
  • Frontline stretches Fredriksen loan and clears away early 2023 debt maturities
    New finance deals cut interest costs as owner seeks to boost earnings
  • Costamare confirms setting up new dry bulk operating platform
    US-listed company commits up to $200m in new venture, which plans to engage in long-term trading activities
  • Frontline goes for more VLCC scrubber retrofits as profit soars
    John Fredriksen-backed owner has trebled VLCC earnings so far in the fourth quarter
  • Piraeus Marine Club prepped for the great P&I debate
    Insurers to argue it out face to face with owners ahead of next February's renewal
  • Wintermar snaps up more anchor handlers as fleet renewal continues
    Company also celebrating 12 years since it went public with listing on Indonesia's stock exchange
  • Frontline sweetens Euronav takeover offer with delayed $66m dividend
    Fredriksen-controlled owner wants to ensure new shareholders see the benefit of tanker boom
  • Markets upbeat on potential easing of China Covid-19 restrictions
    The country is now pushing greater vaccination of the elderly, driving speculation that it may ease some of the rules even further
  • Fred Olsen to give smallest cruise ship the heave-ho
    Cruise operator to sell Braemar as UK cruise market remains 'uncertain'
  • KNOP may switch shuttle tankers to conventional tanker market
    But it says that despite strong headline rates, all-in returns may be insufficient once utilisation and fuel costs are considered
  • Shanghai Junzheng orders chemical tanker newbuildings worth up to $270m
    Owner signs for two firm vessels with four options
  • Cash buyer sells capesizes on for Pakistan scrapping but prices still falling
    Brokers report no new major deals in struggling recycling sector
  • Middle East offshore poised for supercycle after near decade-long lack of investment
    Oil demand has returned to pre-Covid levels, matching the level of supply once more

news on subscription
American Shipper web site
NOVEMBER 30, 2022
  • New de-icing facility speeds up FedEx cargo flights at Memphis hub
    FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.

››› File
FROM THE HOME PAGE
European commissioners Valean and Sinkevicius resignations to take place in the EU Parliament
Brussels
The rebound in revenues recorded by OOCL continues.
Hong Kong
In the second quarter of this year, they grew by 14.4%
Singapore port records new historical records of quarterly and semi-annual traffic of containers
Singapore
New maximum peaks also of non-oil bulk bulk
Orders for 2.7 billion to KSOE for the construction of 12 15,500-teu container carriers
Seoul / Sejong
The Fair Trade Commission authorizes the KSOE to acquire 35.05% of the capital of STX Heavy Industries
FMC blocks the entry into force of the Gemini Corporation Agreement between Maersk and Hapag-Lloyd in trades with the USA
Washington
It would become automatically effective on Monday, but the US agency requested more information
In the first half of 2024, the traffic of goods in Russian ports fell by -3.1% percent.
St. Petersburg
Dry goods in decrease of 2.7% and dry bulk of -3.5%
In the port of Klaipeda will begin the construction of a new cruise terminal
Klaipeda
It is expected that the work will depart this year
Inaugurated the new Indian port of transhipment
Inaugurated the new Indian port of transhipment
Thiruvananthapuram
The deep water heater in Vizhinjam is managed by the Adani Ports and Logistics
In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
London / Kuala Lumpur
Reported 27 attacks compared to 38 in the April-June period of 2023
Underwriting the agreement for the renewal of the Ccnl of the shipowner industry
Rome
Overall increase to the average parameter (nostrome) of 202 euros
Global Ports Holdings accepts takeover offer of the majority shareholder GIH
London
The proposal includes the delisting of the company
West Sicily's AdSP fagocytes the port of Sciacca in its jurisdiction
Shack
The city administration announces the next signing of the delivery record between the Demanium Marittimo and the AdSP
At Italian Rail Network the management of the last railway mile in the port of Gioia Tauro
Joy Tauro
Signed the act of granting the duration of 15 years
The Parliament of Hamburg has approved in the first reading the agreement for the entry of MSC into the capital of HHLA
Hamburg
71 votes in favour and 34 against
In the first half of 2024 the traffic of goods in Turkish ports increased by 3.2%
Ankara
In the second quarter, volumes with Italy returned to growth after seven quarterly periods of decline.
NovaAlgoma orders what will be the world's largest cementier ship
Lugano
Commissioned at Zhejiang Xinle Shipbuilding, it will have a gross grasp of 38,000 tons
Appeal of the shipping industry for the modification of the Carbon Intensity Indicator
London
Intrinsic flaws-explained six associations-counteract with the common goal of reducing greenhouse gas emissions in the maritime sector
Japan's Oriental Land Co. enters the cruise industry by ordering a ship in Meyer Werft
Japan's Oriental Land Co. enters the cruise industry by ordering a ship in Meyer Werft
Papenburg / Urayasu
It will carry out mini cruises with departure from Tokyo as part of a deal with Disney
CMA CGM-Pasqal agreement to introduce quantum computing technologies in shipping and logistics
The EU Commission has approved aid disbursed from Italy to the Caremar maritime services
Brussels
The in-depth investigation of the companies of the former Tirrenia group ended
Royal Boskalis will acquire the entire control of Smit Lamnalco
Papendrecht
Deal to buy 50% percent of capital from Saudi group Rezayat
Last year, intermodal shipments arriving and departing from Italy have significantly decreased.
Brussels
Recorded reductions of -8.8% and -13.1% respectively
Almost total membership-they stress Filt, Fit and Uilt-at the strike days of port workers
Genoa / Rome
Waiting for a fair response in wage terms and protections
Currently 90% per cent of ship arrivals in the port of Singapore are not scheduled
Singapore
"The effect of the crisis in the Red Sea could be aggravated by the next increase in container volumes," Minister Hon Weng said.
Le Aziende informano
ABB completa l'acquisizione del business di routing meteorologico di DTN per la navigazione
La transazione è stata completata oggi, in seguito a un precedente annuncio di accordo con il gruppo globale di dati e analisi DTN
Port Marghera inaugurated the work of the new container terminal Montesyndial
Port Marghera inaugurated the work of the new container terminal Montesyndial
Venice
Di Blasio : It is one of the most important and expected infrastructure works for veneta portuality and the productive fabric of the Northeast
It expects the reduction of maritime traffic in the Panama Canal
Balboa
In the first five months of 2024, the transits of high-fishing vessels were 3,706 (-30.4%)
Port concessions, Financial Economic Plans will have to be drawn up on the basis of a format drawn up by the ART
The State Council has upheld the appeal of the Co. Na.Te. Co. towards the AdSP of Naples for the missed dredgers
The trend of sensitive traffic growth in the port of Bremen / Bremerhaven continues.
Breed
The hike is towed by the containers
Maersk Supply Service will be acquired by Norwegian DOF Group
Storebø / Kongens Lyngby
Transaction of the value of more than 1.1 billion
Assshipowners have no doubts : LNG is the useful fuel for decarbonisation of shipping
Rome
A catalogue of alternative fuels available in every stopover-Messina highlighted-is not reasonably applicable to Italian ports
The US Federal Maritime Commission puts the HMM under observation
Washington
The South Korean company has been included in the list of "controlled carriers"
Spread 41 million euros to improve competitiveness of Italian ports
Rome
Resources also to make the rail and modal transfer more efficient within the scallots
Maersk withdraws from race to acquire German DB Schenker
Copenhagen
Clerc : identified "areas of challenge in the perspective of an integration"
Provisions on the licence plates of new vehicles are likely to damage the activity of port businesses
Genoa
Assiterminal and ANCIP, do not take into account the issues generated in the context of port operations
The Danish government has set up a working group to ensure that the national shipping industry continues to be a leader
Copenhagen
The ports of Los Angeles and Long Beach invest in order to equip charging stations for electric trucks
Los Angeles
Allocated 25 million as part of the Clean Air Action Plan
Acica rentals two new ro-pax ships that will ship from 2027 on routes between Italy and Greece
Athens
Agreement with Swedish Stena RoRo that includes unit purchase options
The Port of Los Angeles will enhance its capacity in the cruises segment
Los Angeles
Call for proposals for a new terminal and for the renovation of the World Cruise Center
In May, freight traffic in Chinese seaports grew by 3.5%
In May, freight traffic in Chinese seaports grew by 3.5%
Beijing
The only containers increased by 8.2%
Crystal commissions two new high-end and next-generation cruise ships at Fincantieri
Crystal commissions two new high-end and next-generation cruise ships at Fincantieri
Munich / Trieste
The agreement includes an option for a third unit
Gianluca Croce is the new president of Assagents
Genoa
Gianluca Croce is the new president of Assagents
Vice presidents have been named Aldo Negri, Roberto De Marchi, Carolina Villa and Maurizio Gozzi.
Paolo Pessina will be the new president of the Federagents
Rome
Paolo Pessina will be the new president of the Federagents
The witness passage will take place on October 25, when Alessandro Santi will cease his term in office.
The first July will become operational the first version of the Sardinia Port Community System
Cagliari
The new telematics platform was presented today in Cagliari
Houthi allegedly targeted two other MSC container carriers
Portsmouth / Tampa
The ships have regularly continued their journey
Commesse for 63.4 million to Somec in cruise ship segment
St. Vendemian
These are units intended for Regent Seven Seas Cruises, Oceania Cruises and Disney Cruise Line
Marsa Maroc will operate the Container Terminal East of the new port of Nador West Med
Marsa Maroc will operate the Container Terminal East of the new port of Nador West Med
Casablanca
Will have an annual traffic capacity of 3.4 million teu
R-Logitech will come out of Euroports and be replaced by a new private majority shareholder
Kallo
The investment companies PMV and SFPIM have temporarily boosted their shares
Hapag-Lloyd cooperates with ZeroNorth for the energy transition of its fleet
Copenhagen
Digital solution for fuel supply and bunkerage planning
In February, Carnival reported revenue and record number of passengers.
In February, Carnival reported revenue and record number of passengers.
Miami
The crucieristic group predicts that strong growth will continue in 2025
In the first quarter of this year, the traffic of goods in Romanian ports increased by 16.1%
Bucharest
Strong drop in loads from and for Italy
Paolo d' Amico has been confirmed as president of the Italian Naval Register
Genoa
Renewed the mandate for the four-year term 2024-2027
Hamburg Commercial Bank has acquired the portfolio in the NIBC's naval credit segment
Hamburg / L ' Hague
It has a value of 992 million
Cross (Assoperatives) : Do not stop the realization of major infrastructure
Genoa
Dam of Genoa, Third Valico and motorway grate-points out-are essential works
In the first half of 2024 the container traffic in the port of Hong Kong fell by -5.4%
Hong Kong
In the second quarter, the decline was -7.5% percent.
Renewed the five-year agreement between Honored Shipowners and IMAT for the training of crews
Castel Volturno
Saipem to win two offshore projects in Saudi Arabia
Milan
New assets worth about 500 million
The work on the realisation of the new entrance to the port of Augusta has been carried out.
August
Di Sarcina : Strategic work also in light of the recent transfer of container traffic from Catania
Strong demand for containers is reflected on the profits of the CIMC
Hong Kong
Recorded a significant increase in dry box sales
ALS Customs Services has acquired the Italian Battaglino Customs Services
Hilden
The Milan firm has 79 employees
Approved the 2023 budget of Interporto Campano
Nola
Confirmed Alfredo Gaetani (President) and Claudio Ricci (Managing Director)
Saipem, commits for offshore activities in Azerbaijan
Milan
In programme activity in the Azerbaijani waters of the Caspian Sea
The Danish group SGL buys Brazilian Blu Logistics Brasil
Hvidovre
Agreement to acquire the entire share capital
99.2% million of Fincantieri's 400 million capital increase subscribed to
Rome
Majority shareholder CDP Equity has subscribed to new shares worth 285.8 million euros.
On July 17, the public assembly in Assiterminal will be held in Rome.
Rome
Messina (Assshipowners) : with the renewal of the Ccnl of the shipowner industry valid responses to the needs of workers
At The Spice Container Terminal start the scallops of the 21,000-teu container ships of OOCL
The Spezia
Inaugurated the Onshore Power Supply plant of the port of Valletta
Floriana / Geneva
Every Wednesday "MSC World Europa" will connect to the electric grid of the stopover
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
PSA, measures to mitigate congestion in the port of Singapore are having success
Singapore
In recent months, it has increased, among other things, the need to handle containers several times.
Presented the XII National Report on the Economy of the Sea
Rome
The sector generates a direct added value of 64.6 billion euros.
Set up in the construction site of Ancona the construction of the extra-aluminum cruise ship Four Seasons I
Trieste
Fincantieri will deliver it by the end of 2025
Hapag-Lloyd announces preliminary results of first semester
Hamburg
The company believes that the second half of 2024 will be better than previous expectations.
In May the traffic of goods in the port of Ravenna decreased by -3.0%
Ravenna
The month of June is expected to decline by -3.3% percent.
The economic-financial analysis of Fedespedi of containerized shipping companies
Milan
Laying of the keel of the new ultra-luxury megayacht destined for Aman at Sea
Genoa
Ceremony in the construction site of St. George of Nogaro of T. Mariotti
Danaos confirms order in China for five new container ships
Athens
Four will have a capacity of 9,200 teu and one of 8,258 teu
In Barcelona the first container terminal in the Mediterranean with electrified quay
Barcelona
On Friday the inauguration of the Onshore Power Supply plant in Hutchison Ports BEST
The revenue growth of Taiwanese Evergreen and Yang Ming continues
Taipei / Keelung
YML orders 9,100 new containers
Inaugurated in Gioia Tauro the quay that will host the pole of naval reparations
Joy Tauro
Agostinelli : This year the container traffic in port will challenge the four million teu
Chinese group Hengli will build a shipyard on the island of Changxing
Dalian
Investment of the value of 1.3 billion
SFL Corporation renews with Maersk the rental of four container ships
Hamilton
The capacity of ships will be high from 8,700 to 9,500 teu
Prysmian, record of installation of a cable in ultra-deep waters
Milan
Test for installation at -2,150 meters
Germany's Rhenus has acquired 15% percent of France's C Chez Vous
Holzwickede
Is specialized in the delivery of goods weighing more than 30 kilograms
Astilleros Armon delivered the dual-fuel ferry Margarita Salas to Baleària
Dénia
Can be powered to liquefied natural gas
Brothers Cosulich orders two new chemical bunkering tankers
Genoa
They will be taken in delivery in the first semester of 2026
Lineage buys the abruzzese supplier of Eurofrigor refrigerated warehouses
Amsterdam
Manages a refrigerated cell structure of more than 24,000 square meters in Controwar
Fincantieri vara to Ancona the cruise ship Viking Vesta
Los Angeles
In mid-2025 it will be delivered to American Viking
At the end the constructive phase of the port of Porto Torres
Cagliari
Entrusted to a Technical Advisory Panel on the issue of the greatest costs of opera
In China, the keel of the new ro-pax has been laid down. GNV Virgo
Genoa
It will be the first ship of GNV's fleet to be powered by liquefied natural gas
In Genoa, the World Day of Ausile Navigation
Genoa
On August 22, IALA will assume the legal status of intergovernmental organisation
SFL Corporation orders the construction of five container ships from 16,800 teu
Hamilton
Commits the value of a billion dollars to New Times Shipbuilding
In 2023, Fratelli Cosulich recorded financial performance second only to those records of 2022
Genoa
OMT (Accelleron) acquires the OMC2
Reflights
The Company manufactures high precision fuel injectors for marine, stationary and rail engines
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
On July 17, the public assembly in Assiterminal will be held in Rome.
Rome
Messina (Assshipowners) : with the renewal of the Ccnl of the shipowner industry valid responses to the needs of workers
The assembly of Assagents will be held in Genoa on June 25.
Genoa
Event entitled " Mari inquieti. Routes and conflicts : the incognition of traffickers "
››› Meetings File
PRESS REVIEW
Samsung, HMM clash in US over shipping rates
(The Korea Times)
Houthis Mount Biggest Month of Attacks on Ships This Year
(Bloomberg)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Stefano Messina
Roma, 2 luglio 2024
››› File
Last year, freight traffic in Dutch ports fell by -7.6% percent.
The Hague
Reduction of volumes in all major merceological compartments
Chantier Naval de Marseille will retrofit two other cruise ships of AIDA Cruises
Rostock
They are part of the class "Sphinx"
Genovese De Wave has acquired Inoxking
Genoa
The Company manufactures steel furniture and refrigeration systems for the maritime industry
The downturn of container traffic in the port of Piraeus continues
Hong Kong
Overall, the volumes handled by the COSCO Shipping Ports network have been increased.
MSC gets 97.71% of the capital of Gram Car Carriers
Oslo
In the coming days the acquisition of the remaining shares
Hapag-Lloyd reiterates its own terminalist division
Hamburg
A Hanseatic Global Terminals make 20 container terminals in 11 nations
ADNOC Logistics & Services orders in Korea 8-10 new liquefied natural gas vessels
Abu Dhabi
They will be built by Samsung Heavy Industries and Hanwha Ocean
Kombiverkehr is alarmed at the reduction of DB Cargo services for intermodal transport
Frankfurt am Main
The company is looking for alternative partners
Fincantieri will build a fourth NFS submarine for the Italian Navy Navy
Trieste
Commits of the value of 500 million euros
MSC ready to acquire 15% of ADR in Genoa Airport
Genoa
The shipowner group has submitted a binding proposal to buy
Four major critical areas in view of the entry into force of the FuelEU Maritime Regulation
Rome
Workshop on the theme of the Young Group of Confitweapon
Technical Varo of the second of the four GNV ro-pax ships under construction in China
Genoa
The "GNV Orion", of 52,000 tons tsl, will be taken over in the summer of 2025
Assshipowners have strengthened their structure
Rome
Insertion into the organic of Simone Parizzi, Mattia Canevari and Cesare Crocini
Japan's MOL acquires 25% of the logistics company Tanzaniana Alistair Group
Tokyo
Port of Ravenna, over four million euros destined for new mediums of less environmental impact
Ravenna
A ban on the replacement of the means currently operating in the quay
Rosetti Marino, new committed for offshore EPC activities worth more than 400 million euros
Ravenna
It envisages the realization of the topside of the gas production platform that will be installed off the coast of Libya
They return to grow the revenues of the FedEx express courier
Memphis
In the coming months, a continuation of the current positive trend is expected.
Assagents analyzes the impact on maritime traffic of the geopolitical crises in place
Genoa
On July 9 Adria Ferries will inaugurate a new ferry line between Italy and Montenegro
Ancona
Biweekly service between the ports of Ancona and Bar
State Railways and Eni continue cooperation in the field of alternative fuels
Rome
Mitsui O.S.K. Lines will have 72% of the capital of Gearbulk
Tokyo
You will acquire an additional 23% held by Halberton Holding (Jebsen family)
The Young Shipowners Group of Confitarma launches the website ItalianSeafarers
Rome
Presented the training opportunities offered by the companies and the ITS foundations
In 2023, passengers on MSC Crusere ships nearly doubled.
Geneva
The Explora Journeys business also started in August.
EQT Infrastructure VI fund buys Constellation Cold Logistics
Stockholm / London
Owns and operates 26 refrigerated warehouses in Western Europe and Scandinavia
UPS sells logistics company Coyote Logistics to RXO for more than a billion dollars
Charlotte / Atlanta
In 2023 the asset ceded generated a turnover of 3.2 billion
CMA CGM restructure services in the Mediterranean
Marseille
Changes to the Euronaf and TMX 2 lines scaling several Italian ports
The only retroport of the port of La Spezia is that of Santo Stefano Magra
The Spezia
Shipping agents and shipping agents and customs officers who say no to the hypothesis of other corridors said.
Warriors (AdSP Livorno) : The TDT terminal must maintain its own merceological vocation
Livorno
We expect Grimaldi to develop plans to promote a real growth of containerized traffickers.
Emanuele Grimaldi has been re-elected as president of the International Chamber of Shipping
Emanuele Grimaldi has been re-elected as president of the International Chamber of Shipping
Montreal
Confirmed for another two-year term
Lorenzo Giacobbe is the new president of the Young People's Group of Assagents
Genoa
It will be joined by Vice Presidents Pietro Abbona and Andrea Pompei
The ports of Trieste and Monfalcone are allied with those of Cartagena, Riga and North Sea Port
Trieste
Report on work in liguri ports
Genoa
It was carried out by the Italian Academy of Mercantile Academy
Intermodal transport of prefabricated in concrete from Tuscany to Sardinia
Arezzo
Collaboration between the Baraclit Group, the Logistic Pole of the FS Group and the GMake Group
It continues the growth of containerized transhipment traffic in the ports of Algeciras and Valencia
Algeciras / Valencia
In May in the two shelves the transshipment containers increased by 8.4% and 12.0%
Kombiverkehr, in 2025, will double in Germany the costs of using rail lines for the transport of goods
Frankfurt am Main
Krebs : in the worst case we will stop transport
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