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15 July 2024 - Year XXVIII
Independent journal on economy and transport policy
13:41 GMT+2
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November 16, 2023

free news
Exim India web site
NOVEMBER 16, 2023
  • Vadhavan Port project of national interest: JNPA Chairman
  • Allcargo Logistics announces issuance of bonus shares; reports Q2FY24 results
  • Use of CTU Code boosts supply chain safety and savings, survey finds
  • Baltic Exchange Market Report (10 November 2023)
  • No sign of nearshoring as per available container volume trade data
  • CNC enhances Intra-Asia connectivity with three new services
  • India's forex import cover up
  • 'The industry continued to normalise in the third quarter': Rodolphe Saadé
  • India urges Ethiopia to settle trade transactions in local currency
  • Mahindra Logistics launches services on ONDC network
  • MSC achieves renewal of ISO 9001:2015 certification for Quality Management Systems
  • Deendayal Port updates berthing policy
  • Allowing advance assessment of Courier Shipping Bills
  • NHAI accepts first Insurance Surety Bond as bid security for TOT monetisation
  • Bulk carriers the epitome of non-combatant vessels: INTERCARGO
  • DPIIT preparing list of non-negotiable items for FTA
  • India's summer-sown rice production seen at 106 MT for 2023-24

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International Transport Journal web site
NOVEMBER 16, 2023
  • Support for ports' rail yards and green trucks
  • Dronamics' busy day in Dubai
  • Partners for Canadian exports to Asia
  • Co-CEOs to lead Cargojet
  • 2,000 vehicles to transition to greener alternative
  • MLP Group expands to Austria
  • ZIM Q3 results: a test of resilience
  • Leschaco Iberia certified as Iata cargo agent
  • Eimskip: changes in executive management
  • Waberer's invests in rail business
  • Providing veterans with flu vaccines
  • An easier way to calculate emission costs
  • First 737-800 BCF for Oman Air Cargo
  • "Curiosity of the Day"
  • Cargo growth at SC Inland Ports
  • Carlo Luzzatto to take over from Ugo Salerno
  • E-trucks not only for eco-sensitive customers
  • From the North Sea to the Mediterranean

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The Loadstar web site
NOVEMBER 15, 2023
  • Danaos enjoys strong Q3, but sees uncertainty as liners look to cut charter costs
  • Weak Asian imports impact HHLA results, but Hamburg sees 'green shoots'
  • Analysis: Vizhinjam - will Adani succeed where DP World failed?
  • Reports of delay to implementation of EU ISC2 - a 'regulatory evolution'
  • Busy Mexico escapes as US integrators look to cull air operations
  • MOL opts for AI-driven 'early fire detection' system for new car-carrers
  • Evergreen unveils ETS surcharge estimate - Hapag still cheapest

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Marine Log web site
NOVEMBER 15, 2023
  • New Marsh facility set to slash cost of Ukraine grain war risk insurance
    In a move that promises to substantially reduce the costs of insuring ships exporting Ukraine grain, Marsh McLennan (NYSE: MMC) has announced the launch of a new facility - Unity - to
  • Austal USA lays the keel for T-ATS 11
    Austal USA yesterday celebrated the official start of construction on the future USNS Billy Frank, Jr., the Navy's eleventh Towing, Salvage and Rescue Ship (T-ATS 11), with a keel laying ceremony at
  • Court rules against further GoM oil and gas lease sale delay
    The U.S. Court of Appeals for the Fifth Circuit has issued an order dismissing an appeal against a GoM oil and gas lease preliminary injunction. As we reported earlier, the Bureau of
  • Wärtsilä in ammonia-fueled four-stroke first
    Wärtsilä has brought to market the marine sector's first four-stroke engine based solution for ammonia fuel. It is now commercially available as part of the Wärtsilä 25 engine platform, which was launched
  • St. Paul Engineer district to close four locks and dams
    The U.S. Army Corps of Engineers, St. Paul District, is closing four of its locks and dams in early December for maintenance. The closures will officially end the 2023 navigation season on
  • Conrad reports third quarter results and backlog
    "We are cautiously optimistic about the future of our vessel construction segment due to recent backlog additions for repeat builds in the ferry and barge markets for repeat customers," said Johnny Conrad,

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Container News web site
NOVEMBER 15, 2023
  • MacGregor receives RoRo equipment order for two Pure Car and Truck Carriers
    MacGregor has received an order to supply comprehensive packages of RoRo equipment for two Pure Car and Truck Carriers (PCTC) vessels to be built by Hyundai Mipo Dockyard in South Korea. The order was booked into Cargotec's 2023 third-quarter orders received, while the vessels are scheduled to be delivered to the owner between the second and the third quarter of 2026. MacGregor's scope of supply
  • MOL, KEPCO sign service agreement on development of liquefied CO2 carrier design for CCS value chain
    Mitsui O.S.K. Lines (MOL) and Kansai Electric Power (KEPCO) have signed a service agreement to perform feasibility studies on the design of a liquefied CO2 carrier at shipyards in Japan and across the world. The extensive study of the carbon dioxide capture and storage (CCS) value chain, which includes shipyards, is a pioneering initiative for other CO2-emitting industry operators. The agreement
  • Peel Ports and Suardiaz establish UK's first green automotive manufacturing hub
    Peel Ports and Suardiaz have inaugurated a UK-first Green Automotive Manufacturing Hub in Merseyside, which will considerably cut supply chain emissions in the North-West. The US$12.5 million facility, the first of its kind in the UK, was officially launched on 14 November with a ribbon-cutting ceremony as it welcomed a Suardiaz vessel from Vigo Port in Spain, to which it will operate a twice-wee
  • Box volumes grow at Saudi ports in October
    For October 2023, the Saudi Ports Authority (Mawani) announced a 5.31% growth in container handling throughout its ports. A total of 741,905 TEUs were handled, translating to an increase over the 704,486 TEUs handled in the same month in 2022. The number of exported containers increased by 9.72% in October, reaching 224,822 TEUs, up from 204,903 TEUs in the same month last year. The number of imp
  • IMO's CII a failed market mechanism should be replaced, says DSF
    According to Danish Ship Finance (DSF), the IMO's Carbon Intensity Indicator (CII) which became effective this year is a "failed market mechanism" that should be replaced by a voyage index that will give shippers more transparency. In a recent press briefing, IMO secretary general Kitack Lim said that the collaboration between stakeholders is to be ramped up with round tables to discuss the futur
  • ZIM reports over US$2.2 billion loss in third quarter
    Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period last year. Similarly, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the company sank by 89% year-over-year to US$211 million, while ZIM's operating loss (EBIT) reached US$2.3 billio
  • Fincantieri and Central Adriatic Sea System Authority sign deal for Ancona port development
    The Port System Authority of the Central Adriatic Sea (ADSP) and Italian shipbuilding company Fincantieri have signed a program agreement to promote the development of the port of Ancona in Italy. Pierroberto Folgiero, CEO and managing director of Fincantieri, and Vincenzo Garofalo, president of ADSP, signed the agreement on 13 November. According to the statement, the goal of the agreement is to
  • Maersk commences construction works for new cold storage facility in Rotterdam
    Danish ocean carrier Maersk has started the construction works for its new large cold store in Rotterdam. The specialized warehouse for temperature-sensitive or frozen products, like pharmaceuticals, fruits, meat or fish, is located right next to the Maasvlakte II terminal, which is operated by Maersk-owned port operator APM Terminals. The new 40,000 m² facility is expected to be operational in t
  • Cocaine seized from Maersk ship in New Zealand
    Nearly US$10 million of cocaine was seized from a Maersk ship after the vessel arrived in Tauranga, New Zealand. The drugs were concealed in the engine compartment of a refrigerated container that held bananas, New Zealand Customs Service said on 14 November. The vessel called at the port five days earlier. The ship name was not disclosed, but vessel-tracking data shows that the 3,078 TEU Safmari
  • CMA CGM announces BAF update in Algeria, Tunisia and Morocco RoRo services
    Following the development of bunker prices since the last surcharge adjustment, CMA CGM SSL Intra Europe will modify its Bunker Adjustment Factor (BAF) on its RoRo South services linking France with Algeria, Tunisia, and Morocco (import and export) as follows: The following charges will take effect on 1 December 2023: Cargo Algeria service Tunisia service Morocco service Roll, full €1,244/unit €5
  • Argo Anchor launches operations in Dubai backed by Indian shipping firm's investment
    Argo Anchor Shipping Service LLC, a new force in the shipping industry, has officially launched its operations in Dubai, UAE backed by a significant investment from India-based shipping agency Lancer Container Limited. This collaboration signals the entry of Argo Anchor Shipping Service into the NVOCC and freight forwarding market, with plans to commandeer 5,000 TEUs by the end of 2023 and 15,000
  • MOL to install cameras and AI systems in newbuilding car carriers for early fire detection
    Mitsui O.S.K. Lines (MOL) has decided to install cameras and an Artificial Intelligence (AI) system developed by Israel-based maritime safety and management system developer Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers. The devices, which are expected to provide early fire detection capabilities, will be installed on 10 vessels currently on order and scheduled for deli
  • Wan Hai holds naming ceremony for new 3,000 TEU vessels
    Taiwan-based ocean carrier Wan Hai Lines held ship naming ceremonies for two new container ships, Wan Hai 368 and Wan Hai 369. Wan Hai Lines and Japan Marine United Corporation have deployed the third batch of their 3,055 TEU series ships, totaling twelve vessels. Wan Hai 368 and Wan Hai 369 are the 4th and 5th vessels in the series of ships, all built by Japan Marine United Corporation ARIAKE Sh

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Splash web site
NOVEMBER 15, 2023
  • Cadeler taps HSBC for $54m green loan
    Denmark-based Cadeler has secured financing from HSBC to help fund the construction of its newbuilds and upgrade the existing vessels. The BW Group-backed offshore wind contractor has struck a deal for a five-year €50m ($54.2m)unsecured green loan, which comes with a non-committed accordion option of up to €50m. The Cadeler fleet consists of two operational ...
  • Easterly Asset Management emerges as buyer of Celsius tanker duo
    Easterly Asset Management's Maritime Logistics Equity Partners (MLEP) has emerged as the buyer of two chemical tankers from Danish shipowner Celsius Shipping. The US-based company said in a statement that it had acquired and renamed the 2009-built 25,400 dwt Easterly Birdie, ex-Celsius Birdie, and the 2010-built 25,390 dwt Easterly Eagle, ex-Celsius Eagle. No price was ...
  • Germany's RWE forms offshore wind and green hydrogen alliance in South Korea
    German utility and one of the leading renewable energy developers RWE has reached an agreement with Hyundai Engineering & Construction, a subsidiary of South Korea's Hyundai Motor Group, to work together on offshore wind and green hydrogen projects. Korean government targets 24 GW of offshore wind capacity by 2036 and the duo will, under a ...
  • Rem Offshore scores over $138m in vessel contracts
    Norwegian offshore vessel operator Rem Offshore has penned several long-term contracts for its fleet worth a total of just over NOK1.5bn ($138.6). The Fosnavåg-based company has fixed the 2013-built subsea vessel Reem Inspector on offshore wind projects in Taiwan for about one year, commencing in the fourth quarter of 2023. The ship has worked in ...
  • Wärtsilä unveils first four-stroke ammonia-fuelled engine solution
    Finnish technology group Wärtsilä has introduced the marine sector's first commercially available four-stroke engine-based solution for ammonia fuel. Viridis Bulk Carriers, the world's first zero-emission shipping company, will be the first shipowner to benefit from the new ammonia solution. The company is a partnership between Amon Maritime, Mosvolds Rederi, and Navigare Logistics. Norwegian gov
  • Cocaine found on anchor chain of Berge Bulk cape
    Turkish authorities have seized nearly 52kg of cocaine on Berge Bulk's capesize off the coast of Adana Yumurtalik in Iskenderun Bay. In his statement on social media, Turkey's' interior minister, Ali Yerlikaya, said the drugs were found tied to the anchor chain of the Liberian-flagged . Twenty-six suspects on board the 175,900 dwt ship, including ...
  • Shipping locks in Panama Canal diversion plans
    The global seaborne trading map is in flux as shippers and shipowners reassess alternate routes to the parched Panama Canal, a waterway that accounts for 3% of all global maritime trade, which is in the process of slashing the amount daily transits in half as a drought prevention measure. Analysis carried out for Splash by ...
  • 2020 Bulkers locks away four newcastlemaxes with Koch extension deals
    Norway's 2020 Bulkers has secured charter extensions from Singapore's Koch Shipping on four of its newcastlemax bulk carriers. The Oslo-listed owner's Bulk Sandefjord, Bulk Santiago, Bulk Shenzhen and Bulk Sydney have been fixed until the end of 2026 with options for 12 more months. "We are very pleased with the long-term contract extensions for four ...
  • Seoul readies $544m in aid for Korean shipyards
    Seoul has earmarked an extra $544m in state support for the Korean shipbuilding sector through to 2028. The money will be spent helping develop alternatively fuelled vessels, on digitalisation and reinforcing the shipbuilding workforce. Korean shipyards are sitting on record orderbooks, with delivery slots taken through to mid-2027. However, production schedules have been slipping this ...
  • DOF wins CSV work, charters in Maersk Supply Service vessel
    Norway's DOF Group has found work for one of its construction support vessels (CSVs) and chartered in a vessel from Maersk Supply Service. The Oslo-listed company said that it won a contract from Subsea7 for a time charter of the Skandi Acergy CSV, adding a minimum of 18 months firm backlog, at a value in ...
  • Kyiv unveils new ship insurance scheme
    Kyiv has reached a deal with Lloyd's of London and Marsh McLennan to bring insurance cover for ships taking Ukrainian grain exports. Ukraine's economy minister Yulia Svyrydenko stated in a Facebook post that the $50m program would insure ships against military risks. The insurance news comes one week after a pilot died and three Filipino ...
  • CGG kicks off multi-client survey offshore Malaysia
    French geoscience technology company CGG, in association with Petronas, has started the 8,000 km Selat Melaka 2D multi-client seismic program over the Langkasuka Basin offshore Malaysia. Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024. CGG's Kuala Lumpur subsurface ...
  • Thailand dusts off Kra transport link plans
    Thailand has dusted off plans for a transport link that would allow ships to skip the Malacca Strait, one of the busiest shipping lanes in the world. The Southeast Asian kingdom has long touted the construction of the Kra Canal, a waterway across a narrow part of the country in the far south. While this ...
  • Snam to invest over $1bn in Ravenna offshore LNG terminal
    Italian energy company Snam has revealed that it would invest €1bn ($1.09bn) in its LNG offshore terminal near Ravenna which will host the FSRU . The new terminal will have an annual capacity of 5 bcm of gas and start commercial activity in early 2025. The FSRU will add to the supplies from the FSRU ...
  • Israel's war with Hamas cripples an Italian containerline
    Israel's ongoing war with Hamas has crippled one Italian containerline. Alphaliner is reporting that a charter conflict has broken out between Kalypso di Navigazione and Zhonggu Shipping with the Chinese tonnage provider refusing to allow its four 2,518 teu ships to call in Israel. The vessels had been deployed on Kalypso's Marco Polo service connecting ...
  • MOL rolls out tech to combat fire scourge across its car carrier fleet
    Japanese shipowner Mitsui OSK Lines (MOL) will install cameras and an AI system developed by Israeli firm Captain's Eye in the cargo holds of most of its LNG-fuelled car carriers to provide early fire detection capabilities. The devices will be installed on 10 vessels currently on order, and the company will consider retrofitting current in-service ...
  • ExxonMobil starts production from third Guyana FPSO
    US supermajor ExxonMobil has started production at Payara, Guyana's third offshore oil development on the Stabroek Block. The Prosperity FPSO vessel is expected to reach initial production of approximately 220,000 barrels per day over the first half of next year as new wells come online. The startup brings the total production capacity in Guyana to ...
  • Time to listen to the ocean
    Steven Jones, the incoming CEO of the Sustainable Shipping Initiative, on the urgent need for the oceans to be embraced during the upcoming COP28. As global leaders ready themselves for the forthcoming United Nations (UN) climate conference in Dubai, the urgency to prioritise both the climate challenges and potential contributions of our oceans is intensifying. ...

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Lloyd's List web site
NOVEMBER 15, 2023
  • Energy efficiency methods can significantly reduce ship underwater noise, new study finds
    Marine conservation NGO Okeanos supports a 3 decibel per decade reduction target for underwater noise, while worst-case scenario in the...
  • Zim expects operating loss of $400m-$600m and takes $2bn impairment cost
    Overcapacity and anaemic demand sees Zim revising its outlook for the year to an adjusted operating loss of $400m to...
  • Talks underway for Denmark 'to stop and inspect' sanctions-breaching tankers from Russia
    Some 57 dark fleet tankers without International Group P&I cover transited Danish waters laden with Russian oil between October 1...
  • India's growing coal imports may create short-term upside for dry bulkers
    Imports have risen to meet surging power demand
  • Houthi leader threatens to destroy Israeli ships in Red Sea
    Some Israel affiliated ships operating in the Bab el-Mandeb Strait and Red Sea shut off their AIS last week
  • Burning questions remain on EVs and ship fires: Insurers
    With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of...
  • Shippers seek sanctuary in diversification
    Despite the easing of congestion, supply chains face disruption and unreliable service. Diversified sourcing can help reduce risk
  • Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
    Move follows last week's fatal missile attack on bulk carrier KMAX Ruler
  • UK government reshuffle ushers in new shipping minister
    The sixth UK shipping minister in the past three years will inherit a brief that has seen very limited progress...
  • Freight falls but passengers pick up as DFDS raises 2023 guidance
    "Freight markets are challenging and we continue to adapt our ferry and road capacity to optimise their utilisation," said DFDS...
  • CMA CGM invests in gas-electric-powered newbuildings for newly acquired La Méridionale
    Newbuilding contract for 180 metre long ro-ro passenger duo has been won by experienced Chinese shipbuilder CMJL Weihai, with delivery...
  • Wärtsilä launches dual-fuel ammonia engine
    The Finnish engine designer plans to sign its first commercial contract to sell its ammonia engine in early 2024 with...
  • Panama Canal disruptions help boost BW LPG
    World's leading operator of LPG carriers has posted its strongest-ever quarterly financial results
  • Daily Briefing
    OSG's Sam Norton to optimise his Jones Act tankers rather than build new ones | Star Bulk optimistic about market...

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The Journal of Commerce web site
NOVEMBER 15, 2023
  • Cosco, Varamar expand MPV reach with strategic partnership
    The aim of the venture is to broaden the scope of the companies' current operations, both geographically and in vessel size.
  • Grim 2024 outlook drives Zim to take huge Q3 impairment loss
    The carrier is expecting next year to be dominated by significant overcapacity and weak demand, and with its balance sheet awash with expensive time charter capacity, it decided to factor in expected losses early.
  • House bill seeks to ensure funding for CBP capital costs linked to port inspections
    The bill is a response to growing CBP demands that ports pay for new inspection-related equipment, or risk having the agency reduce the amount of time its officers spend performing inspections.
  • Hamburg port volume turns positive in Q3 amid boost in Asia business
    There was significant improvement in Hamburg's operational indicators through the third quarter, especially those covering trade with China, its biggest source of imports.
  • Shippers remain slow to embrace more expensive green shipping services
    Carriers are reporting some successes in convincing shippers to use their emissions-reduction services, but acceptance of premium - and costly - green products remains a hard sell in a market where rate levels are at record lows.

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TradeWinds web site
NOVEMBER 15, 2023
  • Diana Shipping stays the course as charter revenue pullback eats at profits
    New York-listed shipowner's results consistent with analyst estimates
  • Easterly's MLEP swoops for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • United Maritime completes triple capesize sale-and-leaseback in readiness for looming loan deadline
    Bulker owner had a profitable third quarter, thanks in part to sale of its last tanker
  • Ernst Russ expects to log operating result close to $100m this year
    Hamburg-based tonnage provider profits from expanded container shipping fleet
  • Ukraine $100m insurance package may slash marine war risk costs by half, lead broker says
    Public-private hull and liability insurance scheme covers just agricultural exports out of Ukraine
  • 'The wolf is here': Failure to build infrastructure to prevent Panama Canal water crisis fuels anger
    Green Seas newsletter reports on the maritime unions' calls for action on the drought-stricken waterway
  • CMA CGM eyes switch to LNG from methanol for dual-fuel container ship newbuildings
    Shipowners are considering the costs and availability of green alternative fuels
  • Easterly's Darrell Crate explains who's selling chemical tankers in strong markets
    Managing principal says owners' different tastes open up opportunities for buyers
  • Easterly's MLEP kicks off new fund with swoop for Celsius chemical tankers
    Boss Darrell Crate tells TradeWinds that US shipowner's appetite for tonnage is renewed
  • Zim reveals shocking $2bn quarterly loss after non-cash impairment
    Carrier relies on $3bn in built-up liquidity to weather the downturn
  • Kremlin shrugs off US' oil price cap crackdown
    Russian export revenues in September hit their highest levels for more than a year
  • Resurgent DOF wins $105m charter and brings in Maersk vessel
    Norwegian owner reveals new deals as profit jumps back into the black
  • BW LPG says Panama Canal disruption is not all good news for VLGC owners
    Bosses point out that extra costs for operators are not easily passed on to end users
  • Wavelength: Why tanker owners face Russian crude crackdown
    Sanctions web may be full of holes but anyone snared could suffer severe penalties
  • Bunker One steps up fuel additives trial after early study generates consumption cuts
    Trial has been expanded to include vessels from six different shipowners
  • Spetalen's Standard Supply sells PSV trio for huge gain as asset values soar
    Oslo-listed owner banks $72.2m in en-bloc deal with tonnage in demand
  • Livestock carriers get high tech in move to improve animal welfare
    Use of internet of things network to continuously monitor animal conditions due to welfare pressure
  • Concordia mulls its options after being reduced to single tanker
    Company excited about future but not rushing into next investment in cyclical industry
  • Dry-dockings slim Awilco LNG's third-quarter figures
    But fixed rate contracts on company's two vessels set to put it back on track
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • Koch Shipping extends charters of four 2020 Bulkers newcastlemaxes
    Commodities giant's shipping operation will keep hold of the bulkers for at least two more years
  • ONE shares $2bn methanol dual-fuelled container ship order with two Chinese yards
    Asian liner giant is said to have ordered six vessels each at Jiangnan Shipyard and Yangzijiang Shipbuilding
  • MOL turns to AI to fight car carrier fires
    System will able to detect abnormal images and alert crew and onshore staff
  • Houthi leader threatens to target Israeli ships over Gaza war
    Yemeni rebel leader says group is monitoring Israeli-owned tonnage in Red Sea
  • Wartsila reveals first ammonia four-stroke engine along with initial customer
    Viridis Bulk Carriers signs up as pilot to take on pioneering engines
  • Fuel being removed from Russian tanker five days after grounding
    Product carrier Victoria being battered by big waves off Sakhalin Island
  • EU mulls targeting ship sales and Danish transits in new Russia measures
    Measures reportedly being discussed as bloc mulls a 12th round of measures over invasion of Ukraine
  • DFDS profit trends down as it raises full-year expectations
    Danish ferry outfit is carrying less freight but more passengers
  • KCC to fit four more ships with Silverstream air lubrication systems
    Combination carrier company also has options for more retrofits as it aims to cut emissions.
  • Turkey warns 'poison merchants' after cocaine found tied to Berge Bulk anchor chain
    Capesize Berge Torre was searched by divers in Iskenderun Bay after trip from Colombia
  • Cedar LNG bags berth space for FLNG unit at Samsung Heavy Industries
    Kitimat project is targeting an end-of-year, early 2024 final investment decision
  • ASL Marine reverses year-ago loss on improving markets
    Singapore-listed offshore support vessel player continues turnaround effort, but some uncertainties remain
  • Panama Canal restrictions could boost demand for handysize gas carriers, Navigator says
    Booking requirement forces ships to wait for days or take much longer voyages around Cape Horn

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American Shipper web site
NOVEMBER 15, 2023
  • DHL Express upsizes Hong Kong air hub
    DHL Express has doubled the size of its Asia air hub in Hong Kong.
  • Massive impairment charge drags shipping line Zim to $2.3B loss
    Zim's headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
  • Korean Air says Amerijet-Maersk cargo partnership violates trade agreement
    U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.

››› 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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