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15 July 2024 - Year XXVIII
Independent journal on economy and transport policy
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November 3, 2023

free news
Exim India web site
NOVEMBER 3, 2023
  • Allcargo Group launches "LogicOn" with its knowledge partner IIM Mumbai
  • Exim Integrated Club holds its 1st Annual General Meeting
  • B. Kasiviswanathan takes charge as new Chairperson of Cochin Port Authority
  • India mulls purchasing cheap Venezuelan crude oil
  • Middle East conflict seen pushing up commodity prices: World Bank
  • India okays 110 laptop import applications
  • GST collections up 13 pc in Oct.

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International Transport Journal web site
NOVEMBER 3, 2023
  • Normal operation expected for September 2024
  • Cooperation with customs authorities fosters trade
  • Korean partnership to reduce CO2 in shipping
  • Air cargo demand turns a corner in Asia Pacific
  • An e-mobility partnership
  • Connecting sea and air in Hong Kong
  • A change of leadership at Qatar Airways Group
  • Haaren Group: new ship management service
  • Converted locomotive to serve US port
  • A Happy acquisition
  • First Airbus A321 P2F for Indigo
  • The race begins
  • Electronic payment services for seafarers
  • "Curiosity of the Day"
  • Driverless truck service to launch in Texas
  • Using tech for supply chain transparency
  • Almost 200 horses under the hood
  • ACS to expand in Australia

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The Loadstar web site
NOVEMBER 2, 2023
  • Threat to contract rates as carriers fail to boost spot market prices
  • Garment factories set on fire as Bangladesh workers demand 'living wage'
  • CH Robinson - now roll the dice
  • 'Daylight robbery' - Fury at huge hike in terminal fees by DP World Australia
  • Flexport + Convoy's tech stack - listen to the pros, not the bros
  • Polar Air Cargo fraud scandal: forwarder set to change plea to guilty
  • Asiana agrees sale of air cargo business, paving the way to merger with KAL
  • 2024 a 'year of consolidation' among SME forwarders, as M&A kicks off
  • Flexport confirms a 'modest' sum paid for Convoy tech

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Marine Log web site
NOVEMBER 2, 2023
  • Maersk Supply uses Inmarsat API to optimize performance of battery-fitted AHTS
    An Inmarsat Maritime solution will help Maersk Supply Service optimize the performance of its first vessel fitted with a battery installation, the AHTS Maersk Minder, and to evaluate how best to optimize
  • Windcat opts for Schottel propulsion for hydrogen-fueled CSOVs
    The first three in the series of hydrogen-fueled Commissioning Service Operation Vessels (CSOVs) ordered at Damen Shipyards by CMB Group's offshore personnel transfer subsidiary Windcat (see earlier story) will feature full Schottel
  • Philly Shipyard: NSMV training ships will be a loss maker
    No doubt about it, the contract to build the National Security Multi-Mission Vessel (NSMV) training ships was a life-saver for Philly Shipyard when it was awarded in Ap

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Container News web site
NOVEMBER 2, 2023
  • Hapag-Lloyd increases rates from Indian Subcontinent to US East and West Coasts
    Hapag-Lloyd has announced a new General Rate Increase (GRI) / General Rate Adjustment (GRA) from India, Pakistan, Sri Lanka and Bangladesh to the United States East Coast and West Coast. The rate increase of US$200/box will be applied to cargo transported in 20' and 40' dry, reefer, and special containers, including high cube equipment. The updated rates will be effective from 1 December until fu
  • Port of Tyne goes live UK's first site-wide private network
    The Port of Tyne, in collaboration with BT and Ericsson, has launched a groundbreaking 4G and 5G private network, making it the first smart port in the United Kingdom to deploy site-wide standalone connectivity. In particular, the private 5G wireless network will enable various applications, including autonomous vehicles, survey drones, smart surveillance, artificial intelligence (AI) and extende
  • AD Ports to use RightShip's digital tool
    AD Ports Group has decided to deploy RightShip's Maritime Emissions Portal (MEP) in its portfolio of worldwide ports. MEP is a digital solution that combines Automatic Identification System (AIS) vessel movement data with RightShip's vessel insights. The solution calculates ships' emissions within port and terminal facilities and highlights opportunities to reduce environmental impact. MEP gives
  • Prince Rupert Port Authority starts building of new logistics facility
    The Prince Rupert Port Authority is commencing construction on its largest infrastructure investment. The Ridley Island Export Logistic Project (RIELP) is a large-scale transloading and logistics facility designed to provide expanded transloading capacity and capabilities at the Canadian port. The project will consist of a 440,000m² greenfield development on Ridley Island. The facility, which wil
  • Kalmar to equip Kingston Freeport Terminal with new hybrid straddle carriers
    Finnish port equipment manufacturer Kalmar has recently finalised a deal to provide Kingston Freeport Terminal Limited (KFTL) with a dozen hybrid straddle carriers. The new machines are scheduled to be delivered at the Caribbean port by the second quarter of 2024. Established in 2015, KFTL is a transshipment hub in the Caribbean and operated by Terminal Link, a joint venture between CMA CGM and C
  • Schedule reliability improves, Maersk and Hamburg Süd top rankings
    Sea-Intelligence published issue 146 of the Global Liner Performance (GLP) report, which includes schedule reliability figures from January to September 2023. "Source: Sea-Intelligence.com, GLP Report, issue 146" According to the analysis, in September 2023, global schedule reliability rose by 1.2% points M/M to 64.4%. Apart from the May incre
  • CMA CGM to introduce new peak season surcharge in Dakar port
    Marseille-headquartered box carrier CMA CGM will implement a peak season surcharge (PSS) from North Europe, Mediterranean, North Africa, North America, Latin America, Middle East and Indian Subcontinent to the port of Dakar in Senegal. The surcharge will be €200/GB£175/US$210 per container and will apply only to dry cargo. CMA CGM will start implementing this surcharge from 13 November until furt
  • Maersk Supply Service chooses Inmarsat fleet data API to improve battery-optimised vessel performance
    Maersk Supply Service has chosen Inmarsat Maritime's Fleet Data Internet of Things (IoT) platform to help optimize the performance of its first vessel battery installation onboard the Maersk Minder Offshore Supply Ship, in a solution that will also allow the vessel owner to evaluate how best to optimize the use of zero-emission energy storage systems across its fleet. An end-user API collects dat
  • NWSA receives a US$54 million grant for Husky Terminal expansion
    The Northwest Seaport Alliance (NWSA) will receive a US$54 million grant from the Port Infrastructure Development Program (PIDP). NWSA said it will use the funds to expand the Husky Terminal in South Harbor, improving its gateway's competitiveness and regional job prospects. The project is expected to improve cargo transportation safety, efficiency, and reliability while also meeting the gateway'
  • SCFI registers two digit jump
    The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012.6 points in Week 43, surging 10.3% from the previous week and remaining on an upward trend for the third week in a row, while the index exceeded the 1,000-point line for the first time since early September. Shipping capacity adjustments by carriers caused more significant space shortages on the trade lanes to North America
  • Battery-powered locomotive to serve JAXPORT
    A Jacksonville Port Authority (JAXPORT) facility, the Talleyrand Marine Terminal, is soon to introduce an eco-friendly locomotive into its service fleet. This locomotive is part of a batch of eight nationwide that is undergoing a conversion process from diesel-powered to battery-powered. The transformation is made possible thanks to funding from Watco Rail Services, a company based in Kansas, and
  • Wärtsilä 31DF engine reduces methane emissions by an additional 41%
    Finnish technology company Wärtsilä has unveiled an enhanced, environmentally friendly iteration of its highly efficient Wärtsilä 31DF engine. When powered by LNG, this updated model can significantly reduce methane emissions by as much as 56% and nitrogen oxide (NOx) by up to 86% at a 50% load point. On an overall average, this cutting-edge technology can lower methane emissions by 41% more than
  • MOL, Pyxis partner on EV development and market expansion in Asia
    Mitsui O.S.K. Lines (MOL) and Pyxis Maritime have inked a Memorandum of Understanding (MoU) to partner on the joint creation and promotion of electric vessels (EVs) in the Singapore region, as well as marketing for the expansion of EVs introduction in Japan. MOL and Pyxis will combine MOL's maritime expertise, market networks, and industry understanding as a shipping company with Pyxis' agility a

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Splash web site
NOVEMBER 2, 2023
  • Navios Partners in for more tanker newbuilds
    Greece's Navios Maritime Partners is strengthening its tanker fleet with a deal for four aframax/LR2 newbuilds. The Angeliki Frangou-led diversified shipowner revealed in its quarterly earnings that it would add the quartet in 2026. The ships should deliver during the first half of 2026 and the first half of 2027. The New York-listed firm is ...
  • Okeanis Eco Tankers applies for US dual-listing
    Greek owner Okeanis Eco Tankers (OET) has set its sights on a dual listing that would see it float in New York along with Oslo. The Alafouzos family vehicle, listed in Oslo in 2018, boasts a fleet of six suezmaxes and eight VLCCs. The NYSE listing is expected Okeanis Eco Tankers to change its listing ...
  • Diana Shipping fixes out bulker to Western Bulk Carriers
    Greek bulker owner Diana Shipping has entered into a time charter contract with Western Bulk Carriers for one of its ultramax dry bulk vessels. The New York-listed company said that it won a charter for the 2015-built, 60,309-dwt . The gross charter rate is $12,500 per day, minus a 5% commission paid to third parties, ...
  • Euronav lifts VLCC purchase option
    Euronav has taken back full ownership of one of its VLCCs it had under a sale and leaseback deal in China. The Antwerp-based dual-listed tanker giant had exercised an option to repurchase the 2008-built Nectar. The 307,000 dwt ship was sold and chartered back with two other VLCCs in December 2019 on a 54-month bareboat ...
  • Africa Finance Corporation sells Takoradi Port stake to Yilport
    African development finance institution Africa Finance Corporation (AFC) has sold its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana's Takoradi Port, to port operator Yilport Holding. In 2019, AFC committed to invest up to $138m in equity and debt for the Takoradi Port Expansion Project. The project, ...
  • Capesize valuations follow spot market declines
    S&P brokers have been watching with eagle eyes to see if the dramatic fall in capesize rates - down nearly 50% from year-highs of $30,000 in the space of 10 days - will translate into falling prices for secondhand capes. Buyers and sellers have been watching what the 14-year-old, 180,000 dwt Ocean Corona, built at ...
  • Havila Shipping seals another Equinor PSV extension
    Norwegian OSV owner Havila Shipping has secured another vessel contract extension with Equinor. The Norwegian energy major has fixed the 2012-built platform supply vessel Havila Charisma until mid December 2024 and has three more one-year options to keep the vessel until mid-December 2027. Equinor also recently extended the charter for the 2008-built Havila Foresight by ...
  • Singapore's Megamas reveals plans for two cable ship newbuilds
    Singapore's Megamas Resources has moved to build two modern and fuel-efficient cable laying and repair vessels. In partnership with Renaissance Technologies (RTM), the company has tapped Norway's Ulstein Design & Solutions for the newbuild vessel design capable of laying and maintenance of both subsea fibre-optic telecommunication cables and power cables, covering the inter-array and export ...
  • Boomsma Shipping and Leonhardt & Blumberg link up for up to eight newbuilds in India
    Dutch owner Boomsma Shipping and Germany's Leonhardt & Blumberg Shipmanagement have teamed up to order a series of up to eight low-emission shortsea dry cargo vessels at Chowgule Shipbuilding in India. Chowgule will build the 8.500 dwt vessels, developed in cooperation with Dutch designer Conoship, at its new shipyard in Mangalore, which will start production ...
  • IAPH picks Hamburg Port Authority CEO for president role
    The International Association of Ports and Harbors (IAPH) has appointed a new president and made changes to its board. The Board is formed by the president and six vice presidents and has general authority to establish broad principles and objectives of IAPH and to make any decision regarding its operation, financing and structure. Hamburg Port ...
  • Court puts Barossa gas export pipeline work on hold
    Australian energy major Santos has been given an interim injunction by the Federal Court of Australia to prevent it from laying the Barossa Gas Export Pipeline (GEP). This decision to block the Barossa pipeline laying until November 13, 2023, is in connection with an application by Simon Munkara seeking an order that Santos revise and ...
  • Hayfin signs for methanol-ready suezmaxes in South Korea
    Hayfin Capital Management has placed an order for up to four methanol-ready suezmax tankers in South Korea. The UK alternative investment platform with around $32bn assets under management has contracted HD Hyundai, formerly known as Hyundai Heavy Industries, for two firm vessels worth about $171m, according to a stock exchange filing by HD Korea Shipbuilding ...
  • World's first ammonia-powered boxship set to deliver in 2026
    Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara, and fellow liner operator North Sea Container Line have joined forces to deliver the world's first containership that will use pure ammonia as fuel. From 2026 the ship named Yara Eyde will operate between Oslo, Brevik, Hamburg and Bremerhaven. "The green journey started with ...
  • Costamare ships out elderly supramaxes
    Greek owner Costamare has disposed of two older supramax bulkers as part of the company's fleet renewal move. The New York-listed firm is offloading the 2006-built Peace, with the 55,709 dwt ship expected to change hands in the fourth quarter of this year. Further transaction details were not revealed, but S&P databases suggest the BWTS-fitted ...
  • Lula deploys the army at top ports in battle with cocaine gangs
    The dire crime situation at Brazil's top ports has forced the nation's president to deploy the army. Luiz Inacio Lula da Silva announced yesterday that the army would be brought in to aid security at the nation's top ports and airports for an initial period of six months. The ports are Santos and Itagui, conduits ...
  • Tanger Med, East Port Said added to EU's upcoming emissions regulations
    To reduce the risk of evasive port calls and relocation of container transhipment activities to ports outside of the European Union, the European Commission has announced that containerships sailing from a non-EU port to discharge cargo at an EU port by the way of Tanger Med or East Port Said will pay for 50% of ...
  • Anil Sharma eyes ship leasing
    Anil Sharma, best known as a cash buyer for ships for recycling, is looking at a new business strand. Sharma's Global Marketing Systems Inc (GMS) is the world's largest buyer of ships and offshore assets for recycling. On top of that, he has Lila Global, a shipowning division that has grown rapidly in the last ...
  • VLGC rates surge on Panama Canal cuts
    News this week of further daily transit cuts at the Panama Canal has sent a rocket through the already hot VLGC markets. With containerships expected to take the lion's share of the available slots on the interoceanic waterway for the next four months at least, other ship types are having to make contingencies, with fleets ...
  • Maritime Craft Services orders CTV trio in Finland
    Finnish shipbuilder Uudenkaupungin Työvene has won an order for three hybrid-ready SWATH CTVs from the Scottish company Maritime Craft Services. According to Työvene, this order marks the shipbuilder's entry into the rapidly growing offshore wind market. A small waterplane area twin hull or SWATH is a type of vessel designed for a minimum motion of ...
  • Valaris secures $480m worth of new deals and extensions
    Offshore driller Valaris has been awarded a number of new contracts and contract extensions, with an associated contract backlog of approximately $480m. In the floater department, Valaris won three contract extensions for three of its drillships while a brand-new deal was awarded to one of its semisubs. The driller won a 250-day contract extension with ...
  • Seafarers Happiness Index suffers its longest decline
    Further concern over seafarer welfare has been raised by the results of the latest Seafarers Happiness Index, which reveals a further drop in seafarer happiness and marks the longest sustained decline since the index was founded. This report covers Q3 2023 and is the third successive report to show a decline, sparking fears over the ...
  • Navigating risk in a sanctions landscape
    As geopolitical tensions continue to have profound implications for the maritime sector, Fiona Rafla, senior lawyer at Wikborg Rein, outlines how innocent parties can seek to unwind troublesome contracts when dealing with a sanctioned party. The maritime industry and global trade have been at the sharp end of risk considerations due to a rapidly evolving ...

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Lloyd's List web site
NOVEMBER 2, 2023
  • US slaps sanctions on key player in Mariupol reopening
    Roskapstroy is responsible for much of the activity happening at the occupied port of Mariupol, including restoration projects and running...
  • Dorian LPG maintains confidence in market after record second-quarter earnings
    Owner of 25 modern VLGCs declares ninth dividend but keeps flexibility for fleet renewal
  • Southeast Asia LNG bunkering picks up on lower prices, says analyst
    LNG prices could compete with traditional bunker fuel prices, analyst concludes
  • Navios Partners brings orderbook to 28 with four aframax product tankers
    US-listed behemoth discloses terminations and tweaks of charters for four containerships
  • US-sanctioned Crimea caller and accused grain plunderer renames
    Blacklisted San Severus, formerly Finikia, changed its name after a dark port call in the eastern Mediterranean Sea. It has...
  • Israel war risk rates steady as Lebanon pricing softens
    Ukraine premiums easing slightly, market sources report
  • Sumec's New Dayang looks to excel as a niche bulker specialist
    He advises against acquiring yards in a strong market, even as the market recovery has positioned shipbuilding as a seller's...
  • Teekay Tankers smashes records and expectations in third quarter
    US-listed Teekay Tankers achieved its highest third-quarter rates since 2008 despite pronounced market volatility. The mid-sized tanker specialist is tipped...
  • K Line earnings hit by normalising container and weakening bulker markets
    Net profits plunged to ¥24.6bn in the three months between July and September, an abrupt decline from nearly ¥300bn in...
  • Yara and North Sea Container Line form joint venture for 'world's first' ammonia-powered boxship
    Norway's Yara and North Sea Container Line will charter vessel for 15 years from an undisclosed shipowner for service between...
  • 'Risk off' Norden looks to 2025 for better dry cargo markets
    Forward positions show confidence returning after 2024 for bulk carrier segment
  • Odfjell Q3 earnings flat despite seasonal lull
    Odfjell posts another solid quarter but expects a 'stable' result in the traditionally strong fourth quarter, as it will have...
  • MSC adds 328th secondhand boxship since 2020
    Values of modern containerships appear to be holding firm, although pressure is building for price drops of older units. Meanwhile...
  • Euronav reports $114.6m profit, with pivotal Frontline deal 'at inflection point'
    Shareholders can choose between realising value in cash or following Euronav in a new strategic direction, says interim chief financial...
  • 'Challenging' dry cargo outlook pares profits for Norden
    Norden preparing for tougher 2024 amid lower demand growth and reduced congestion
  • Daily Briefing
    Dark fleet consolidates Russian oil shipments dominance | EU ETS to include calls at Tanger Med and East Port Said |...

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The Journal of Commerce web site
NOVEMBER 2, 2023
  • 'Aggressive' truck brokers stuck in soft market: C.H. Robinson
    The largest US freight broker expects more companies to follow Convoy and exit the market as demand remains weak and rates stay low.
  • ONE expands Indian network amid signs of export trade recovery
    A raft of recent service additions and enhancements has cemented the carrier's intra-Asia reach for Indian customers.
  • Automation forcing its way into freight audit and payment market
    The need for shippers and brokers to speed up the auditing and payment of freight bills is bringing AI and automation-focused vendors to the fore.
  • Carriers, shippers prepare for 2024 amid spectrum of uncertainty: analyst
    Forecasts are important for the container shipping industry, but it comes down to identifying and categorizing risk and then using that approach to develop a robust plan in the face of "known uncertainties," writes analyst Lars Jensen.

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TradeWinds web site
NOVEMBER 2, 2023
  • Eagle Bulk flies lower to absorb first quarterly loss in two years
    Connecticut owner pays $0.10 dividend and guides to stronger TCE rate in current market
  • Baltic Dry Index hits seven-week low as negative sentiment weighs on dry bulk market
    Futures market shows optimism for lacklustre shipping sector
  • Suicide suspected as member of Naftomar's Zein family dies
    63-year-old Imad Zein was found dead in his Athens home, according to Greek media
  • Hoegh Autoliners steadfast on ammonia as fuel of choice
    Shipowner signing multiple letters of intent for ammonia fuel as it prepares for fleet transition
  • Diana Shipping continues Western Bulk period deal at lower rate
    Only one other bulker fetches one-year fixture in last two weeks, according to Baltic Exchange
  • 'Important milestone': Okeanis Eco Tankers plots New York listing
    Controlling Alafouzos family sees US move as providing wider investor access to its modern fleet
  • Vessel delays contribute to scrapping of Orsted's US offshore wind projects
    Danish company's chief executive lists wind vessel availability among factors in scrapping Ocean Wind
  • Dry-docking hitting Odfjell's bottom line? 'That probability is low' says Fotland
    The company will have fewer available commercial days in the fourth quarter as several of its ships head to dry dock
  • Cheniere inks sales deal that could see it deliver LNG well beyond 2050
    Company claims title of 'fastest LNG producer' to reach 3,000th cargo milestone
  • Drydocking hitting Odfjell's bottom line? 'That probability is low' says Fotland
    The company will have fewer available commercial days in the fourth quarter as several of its ships head to drydock
  • Norway's North Sea Container orders 'world's first' ammonia-fuelled container ship
    Vessel expected to use about 10,000 tonnes of ammonia annually
  • Cheniere inks sales deal which could see it deliver LNG well beyond 2050
    Company claims title of 'fastest LNG producer' to reach 3,000th cargo milestone
  • Maxim Group-tied deals slow to a crawl as all eyes turn to New York courts
    This week's Streetwise explores how unlikely governance avenger George Economou is making life uncomfortable for a prominent Greek shipping family
  • Norway's NCL orders 'world's first' ammonia-fuelled container ship
    Vessel expected to use about 10,000 tonnes of ammonia annually
  • Navios Partners tops up tanker newbuilding tally with product tanker quartet
    Angeliki Frangou boosts newbuildings, renegotiates boxship contracts and enters South American transshipment business
  • From the doldrums to record-setting rates, Hagland describes crazy October for AHTS
    Weather wreaked havoc on both the AHTS and PSV market, Norwegian broker says
  • Sir David Attenborough research ship checks halted before lifeboat accident
    Engineering crew stopped routine maintenance to focus on fixing faults
  • K Line profits slide as dry bulk and box ships struggle
    Japanese company is in the black but bottom line figures are down by 80%
  • Denmark's DFDS hunts for new finance chief as Karina Deacon quits
    Ro-ro and ropax group says CFO wants to pursue a non-executive role
  • Aon calls for passenger ship insurance review 11 years after the Costa Concordia
    Broker argues that without a major claim in a decade the sector deserves to be recognised with lower rates
  • UK Supreme Court kicks out UniCredit's appeal in $24.7m Euronav legal dispute
    Italian bank now has no further recourse over what it alleged was cargo misdelivery
  • The ship surgeons rebuilding lives in Africa
    The industry is due to hold its annual Cargo Day on 8 November to raise money for medical charity Mercy Ships
  • Dorian LPG stays flexible on fleet renewal as earnings hit new record
    Boom time for VLGCs means big jump in profit for US owner
  • Leonhardt & Blumberg expands into new arena with newbuildings in India
    General cargo ships jointly ordered with Dutch player Boomsma Shipping at new Chowgule shipyard
  • Charterers rushing to secure tankers ahead of any wider Middle East conflict, Euronav says
    VLCC and suezmax rates rising over fears that Israel-Hamas war could spiral, owner argues
  • Wallenius Wilhelmsen stake propels Wilh Wilhelmsen profits upwards
    Shipping conglomerate's earnings strengthen thanks to car carrier owner holdings
  • 'Not your average troubleshooter': Greek mediators deploy corporate diplomacy to crack maritime disputes
    Shipowner and Brussels insider use corporate diplomacy to resolve festering maritime rows
  • Wavelength: Container ship players face a 'car crash' - and don't have any brakes
    Operators that have been busy buying new vessels have been sowing the seeds of their own demise
  • Hanwha Ocean delays delivery of three VLGC newbuildings
    Okpo-based shipyard is in discussions with shipowners over liquidity damages
  • Ostergaard-Nielsen family unveils five-year growth plan for tanker and bunker operations
    USTC group wants laser focus on future acquisitions while forming new common strategy for diverse operations
  • Hoegh Autoliners moves to secure 'clean' ammonia supply in Yara deal
    Norwegian car carrier firm strives to cover the fuel needs of its dozen Aurora Class newbuildings
  • Mike Meade's M3 Marine set to launch London offshore shipbroker as demand grows
    Experienced Singapore broker says Western push prompted by unprecedented growth in sector
  • Teekay Tankers eyes eight vessel buybacks as profit sets record
    US-listed owner says result is best ever in third quarter
  • Euronav captures tanker upturn as it buys back VLCC leased in China
    The Nectar has been taken back under ownership to 'crystallise a potential capital gain'
  • Odfjell predicts healthy rates ahead after posting 'solid' results
    Spot markets softened during the third quarter but picked up in later months
  • NYK halfway to spending mammoth $1.3bn share buyback budget
    But Japanese line's stock is too expensive for it to reach its 85m-share target
  • Euronav capturing tanker upturn by buying back VLCC leased in China
    The Nectar has been taken back under ownership to 'crystallise a potential capital gain'
  • Norden kicks off share buybacks as lower freight markets hit quarterly result
    Bulker and product tanker firm's operating activities are feeling the squeeze
  • Euronav pulls dividend and earnings call as it stands at 'inflection point' after Frontline deal
    Profit soars but earnings to be retained while sale of VLCCs to Frontline and takeover offer by CMB plays out
  • Densay broadens footprint in big bulkers with capesize buy
    Kassian Maritime and Zodiac Maritime believed to be among this week's capesize sellers
  • Carnival agrees potential four-year LNG bunkering deal for latest newbuilding
    Cruise giant describes LNG as the best available market-ready fuel to help cut greenhouse gas emissions now

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American Shipper web site
NOVEMBER 2, 2023
  • Lufthansa Cargo profits wiped out in Q3
    Lufthansa Cargo didn't make a profit in the third quarter as revenues fell more than 40% from last year.

››› File
FROM THE HOME PAGE
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
In the first three months of 2024, container traffic in German ports increased by 5.2%
Wiesbaden
The overall volume of goods decreased by -1.1%
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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