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27 July 2024 - Year XXVIII
Independent journal on economy and transport policy
03:41 GMT+2
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March 1, 2024

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Exim India web site
MARCH 1, 2024
  • CMA CGM acquires 100% of Bolloré Logistics
  • Bahri wins Guinness World Record for largest mobile desalination plant
  • India's GDP growth could reach near 8 pc: Barclays
  • India, SA thwart investment pact from being part of WTO MC13 agenda
  • Empty container movements up 20%
  • Imports of thermal coal seen falling
  • Shipping decarbonisation seen uncertain
  • Asian container exports to Europe up
  • India to be largest global oil demand growth driver by 2030: IEC
  • India's LNG spot buying pulling US cargoes
  • Steel imports soar to six-year high
  • Port of Fujairah's intimation on P&I Clubs
  • Susanta Purohit is the new Chairman of VOC Port
  • China, India heavily investing in port infra
  • Red Sea attacks raise the need for IMEC, says India
  • India puts forth a strong case for keeping development at the core of WTO work now and in future
  • India's wheat production seen exceeding target
  • Mahindra Logistics expands its fulfilment operations in West Bengal
  • 1WN-One World One Network launched for the logistics industry
  • Rotterdam World Gateway container terminal invests in shore-based power

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International Transport Journal web site
MARCH 1, 2024
  • Polish leasing company orders 100 locomotives
  • Germany's first remote operations centre
  • Captrain: changes at the helm
  • Icao: forecasts for 2024
  • A tool to lower language barriers on the road
  • Investing in future logistics tech
  • MOL's plastic recycling trial
  • Up to 120,000 kg cargo capacity every Friday
  • Study for an e-fuel supply chain
  • "B" score despite increased challenges
  • Freight's out, and away we go!
  • From DB Schenker to Maersk
  • Linking Jacksonville with South America
  • "Curiosity of the Day"
  • Hudson Bay Railway secures funding
  • Eastern Airlines moves to the West
  • HFW expands its Greek ship finance team
  • A Kiwi cold chain hub

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The Loadstar web site
FEBRUARY 29, 2024
  • Maersk's new NAM chief urges US shippers to 'know your best alternative'
  • Liners on the vertical integration prowl
  • AF-KLM Cargo's 2023: more capacity, but less volume and revenue
  • DB Cargo plan to cut 1,800 jobs is 'gambling with its future', says union
  • Wincanton bidding war begins as GXO steps in with better offer than Ceva
  • Jackson exit expected to accelerate LTL push at Knight-Swift
  • NYK extends its logistics arm with takeover of UK's Noel Topco
  • Ole Trumpfheller joins Maersk as VP and MD North Europe

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Marine Log web site
FEBRUARY 29, 2024
  • KOTUG takes full ownership of Kotug Seabulk Maritime
    KOTUG International B.V. said today that it has concluded the acquisition of Kotug Seabulk Maritime LLC (KSM), taking full ownership of the business. KOTUG has acquired the interest held by its joint
  • New NYSERDA contracts put two NY offshore wind projects back on track
    New York Gov. Kathy Hochul looks to have notched up two more successes in her efforts to get New York State offshore wind back on track. Today she announced that the state
  • SECNAV urges Korean shipbuilders to invest in U.S. shipyards
    Secretary of the Navy Carlos Del Toro has been meeting with top South Korean shipbuilding executives and making the case for them to create American subsidiaries and invest in integrated U.S. commercial
  • Three-way partnership creates new JSI Alliance
    A twosome is becoming a threesome. After three years in a successful commercial alliance, Dutch maritime heavy lift transport and engineering contractor Jumbo Shipping and German breakbulk and project cargo specialist SAL

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Container News web site
FEBRUARY 29, 2024
  • CMA CGM applies new peak season surcharge from Egypt to West Africa
    French ocean carrier CMA CGM has announced a new peak season surcharge (PSS) from Egypt to West Africa. The new surcharge will commence on 4 March and will be effective until further notice. The PSS will be US$100 / container and will be applied only to dry cargo, according to the company's announcement. If you liked this post, please consider donating The post appeared first on Container News .
  • Grimaldi bolsters Italy-Greece connections
    The Grimaldi Group is set to elevate transport capacity and comfort on its Italy-Greece connections with the introduction of the Europalink vessel on the Brindisi-Igoumenitsa service starting 29 February. As the ro-pax unit boasts the largest cargo capacity ever deployed in the Adriatic Sea, the Europalink will complement the modern ro-pax unit, the Kydon Palace, already operating on the line. Th
  • Port of Montreal signs partnership deal to proceed with new box terminal project
    The Montreal Port Authority (MPA) announced its partnership agreement with Contrecoeur Terminal Constructors General Partnership (CTCGP), which consists of Pomerleau and Aecon. This collaboration will support the MPA in designing the in-water works for its Contrec�ur expansion project using a progressive design-build (progressive DB) approach. In October of last year, MPA announced its intention
  • Cargo and Compliance: Simplifying Documentation in the Shipping Industry
    The shipping industry, characterised by its critical role in global trade, faces an array of challenges in managing the vast amounts of documentation required for operations. The reliance on paper-based documents not only slows down processes but also increases the risk of errors and compliance issues. As companies strive for efficiency and sustainability, the transition towards digital documenta
  • Port of Tanjung Pelepas secures deal for new ULCV quay cranes
    Port of Tanjung Pelepas (PTP), a joint venture between the MMC Group and APM Terminals, has finalized a deal with Sany Marine Heavy Industry to purchase six units of ultra-large container vessel (ULCV) quay cranes. The agreement, sealed by PTP CEO Mark Hardiman and Sany Marine CEO Jeff Fu on 23 February, marks a significant milestone for the Malaysian port. Chairman of PTP, Tan Sri Che Khalib Moh
  • Port Houston starts 2024 with container export record
    Port Houston has kicked off the year on a high note, achieving record-breaking total container volumes in January. The month saw a remarkable total of 332,961 TEUs, marking a 4% increase compared to the same period last year. Notably, container imports rose by 3% to reach 154,493 TEUs, mainly attributed to robust imports from China ahead of the Lunar New Year festivities. Additionally, loaded exp
  • CMA CGM completes Bolloré Logistics takeover
    French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group. The two firms announced that the purchase price is €4.85 billion (US$5.25 billion), on the basis of the estimated debt and cash on the completion date. In 2022, Bolloré Logistics achieved a turnover of €7.1 billion (US$7.7 billion), transported 710,000 T
  • Euroseas charters out feeder ship under construction
    Greek container ship owner Euroseas has entered into a time charter contract for the 2,800 TEU Leonidas Z, a newbuilding fuel efficient feeder ship currently under construction, for 23-25 months at the option of the charterer, at a gross daily rate of US$20,000. The new charter will commence upon delivery of the vessel from the shipyard expected around the end of April or beginning of May 2024. A
  • Rotterdam World Gateway to fully equip quayside with shore-based power
    Dutch container terminal Rotterdam World Gateway (RWG) has decided to equip its entire quayside with shore-based power capabilities, enabling all vessels to utilize this eco-friendly power source. According to a statement, already renowned for its full automation and carbon neutrality, the RWG terminal's initiative will further enhance environmental sustainability. With the implementation of shor
  • Scrubbing the Future: Bridging Renewable Energy and Syngas Purification
    Okay, let's get one thing out of the way right from the start - I'm no engineer or environmental expert. Just a regular guy who works in renewable energy and has picked up a thing or two along the way. The only reason I know anything about "syngas" and gas "scrubbers" is because I got roped into a project at work that involved both. It was a total baptism by fire, let me tell you. One day I'm jus
  • Hong Kong customs bust shark fins smuggling attempt
    Hong Kong Customs and Excise Department officers seized a container of shark fins from a controlled and endangered species after intercepting a container on 27 February. Customs inspector Chan King-fung said that the department acted after being tipped off by the Organized Crime and Triad Bureau that a river vessel bound for Macau was suspected of smuggling. A patrol vessel tracked and stopped th
  • Top 5 Supply Chain Management Scholarships For International Students to Apply for in 2024-2025
    Supply chain management is an area with tons of prospects. However, finding a scholarship in this field is quite challenging. Specializing in this field requires one to have extraordinary problem-solving skills. These skills are essential for dealing with various logistical issues that will most definitely come across while working in this industry. Moreover, the problem of choice gets even more
  • Tips Maintaining Sustainability Of Supply Chain Management
    An eco-friendly or sustainable supply chain has become a critical - and ever more visible - an element of corporate social responsibility. The trend is fueled by heightened regulations to reduce the environmental impact of industrialization. Plus, today's consumers don't want to be associated with an unethical company. According to a report, 77% of consumers say they will buy a product of a compa
  • CN analysis: Freight rates on major Indian trades see downward corrections after January highs
    After spiking dramatically amid the Red Sea crisis-linked shipping disruption, container freight rates seen on trades out of India have held firm or even declined in some cases in February, month-on-month, according to the latest market analysis by Container News . On the westbound India-Europe trade, average short-term contract rates for 20-foot container bookings from West India [Jawaharlal Neh
  • NYK buys UK-based logistics firm
    International Logistics Group (ILG), a UK subsidiary of NYK Line's Yusen Logistics, acquired Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions (GFS). The acquisition is part of the logistics business growth strategy outlined in the medium-term management plan announced by the NYK Group in March 2023. NYK said the acquisition realizes ambidextrous managemen
  • Alternative Financing Vs. Traditional Loans: A Small Business's Guide
    Access to capital is vital for small business growth. Traditional bank loans, while common, may not always be accessible, especially for early-stage enterprises. Fortunately, numerous financing options exist today, offering diverse opportunities tailored to different business needs. This guide will delve into alternative lending versus traditional loans to help you understand the financial landsc
  • Meest Experts Recommend: Tips on Shipping to Kazakhstan
    With the advancement of new technologies, shipping to Kazakhstan is no longer a hassle. Simply create an account on the Meest Portal and easily create, pay for, and manage your shipments without leaving your home. Meest experts will strive to answer popular questions that clients often encounter when wanting to send a parcel to Kazakhstan. What Determines the Cost of Shipping to Kazakhstan It's n
  • Georgia Ports growth plans and collaborations fuel job expansion and economic opportunities statewide
    Georgia ports play a crucial role for automakers, suppliers, manufacturers, and logistics operations considering job expansion in Georgia, United States. "We're not talking about only Savannah or Atlanta. It's our mission to drive the success of the entire state. A whole series of recent announcements prove that our efforts are paying off in greater economic opportunity for Georgians in large and

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Splash web site
FEBRUARY 29, 2024
  • Genco capesize sales fall through
    US-listed bulker player Genco Shipping & Trading has failed in its first attempt to successfully close the recently confirmed disposal of two elderly capesize vessels. The John Wobensmith-led owner of more than 40 ships said it has terminated the deals due to the buyers' breach of the agreements' terms. The 2010-built Genco Claudius and 2009-built ...
  • Atlantska Plovidba signs for ultramax newbuilds in China
    Croatian bulker owner and operator Atlantska Plovidba has returned to Jiangsu Hantong Ship Heavy Industry in China with an order for two ultramaxes. The Zagreb-listed outfit, majority owned by Zadar-based peer Tankerska Plovidba, is paying around $65m for the 53,500 dwt duo designed to meet IMO Tier III and EEDI Phase 3 requirements. Atlantska, which ...
  • Rotterdam World Gateway terminal to provide shore-based power for all vessels
    Rotterdam World Gateway (RWG) container terminal has decided to equip its entire quayside with shore-based power for all vessels. The RWG terminal is already fully automated and CO2-neutral and the construction of shore-based power facilities will mean the ships will also no longer emit particulates, nitrogen and CO2 when at berth. These facilities will also ...
  • CMA CGM wraps up $5.2bn Bolloré Logistics acquisition
    French liner CMA CGM has completed the acquisition of family-run conglomerate Bolloré Logistics for €4.85bn ($5.25bn). The Bolloré Group said that, even though the sale to CMA CGM has been completed, the transfer of Bolloré Logistics Sweden AB to the French company remains subject to obtaining foreign investment clearance in Sweden. The two agreed to ...
  • Seafar starts up Germany's first remote-controlled inland waterway shipping centre
    Belgian specialist in remote-controlled shipping Seafar, with its project partners HGK Shipping and Reederei Deymann, has set up the first remote operations centre in Germany. The centre enables captains to navigate vessels on inland waterways from dry land. This technology, according to Seafar, is one way of countering the shortage of specialist workers. Five vessels ...
  • Odfjell Oceanwind launches floating wind foundation manufacturing venture
    Norwegian floating offshore wind specialist Odfjell Oceanwind and fellow automation and manufacturing expert Prodtex have established a joint venture for floating wind foundations called Windsteel Technologies. The jv, headed up by former boss of Corvus Energy Geir Bjørkeli, has been created to set up floater production capacity with the aim of having the first factory ...
  • Northern Offshore bags work for jackup rig offshore Oman
    Houston-based jackup owner Northern Offshore, a 91.81% subsidiary of Rex International, has won a multi-well deal offshore Oman for one of its rigs. The drilling program will be undertaken in Masirah Oil's Yumna field in Block 50 off Oman. It will consist of the drilling and completion of a new in-field well and the workover ...
  • US logistics firm GXO tops CMA CGM's offer for Wincanton
    The bidding war for UK logistics player Wincanton is heating up, with US-based warehousing firm GXO Logistics surpassing an offer made by CMA CGM's CEVA Logistics. The owner of Clipper Logistics has logged a bid under which shareholders would get 605 pence in cash for each Wincanton share held - up about 26% from CEVA ...
  • Euroseas eyes improved box market as it fixes out another newbuild
    Greek owner Euroseas has taken advantage of the improving containership market to clinch another long-term charter deal for one of its newbuild feeders delivering this year. The Aristides Pittas-led company has fixed a 2,800 teu Leonidas Z for up to 25 months from April or May at $20,000 per day. Pittas said the deal is ...
  • Saudi offshore owner accused of abandoning crew across multiple vessels
    The International Transport Workers' Federation (ITF) has revealed multiple concerning reports about withheld pay from seafarers working on eight ships owned by Saudi Arabian marine services contractor Hadi H Al Hammam Establishment. According to ITF, the company, which lists Saudi Aramco among its clients and was buying brand new ships as recently as 2018, has ...
  • Capesize FFAs hitting prolonged highs not experienced since the 2000s
    Capesize rates are on a charge, leaping by more than 10% on the Baltic Exchange yesterday to stand on the cusp of the $30,000 a day mark thanks in no small part to strong volumes of iron ore from Brazil to northern China. Moreover, FFAs look strong with March contracts of more than $30,000 a ...
  • Norden orders four capes
    Danish shipping giant Norden has revealed orders for four capesize newbuildings, which will deliver between 2025 and 2027. Prices and the yards contracted have not been revealed. Norden already has five owned and seven chartered capes on its books, and today stated its aim was to get to a total operating capesize fleet of between ...
  • Atlantic Oceanic expands fleet with Tek-Ocean MPSV
    UK-based offshore vessel owner Atlantic Oceanic, has bolstered its fleet with the acquisition of a multipurpose supply vessel from Melbourne-based Tek-Ocean Energy Services. The company, formerly known as Castle Ship Technical Management, has added the 1991-built Tek-Ocean Spirit for an undisclosed sum and renamed it Atlantic Spirit. Atlantic Oceanic had six European and Jones Act-compliant ...
  • Sapura forms decommissioning joint venture
    Malaysian offshore services provider Sapura Energy and AF Offshore Decom, part of Norway's AF Gruppen, have joined forces to target the increasing demand for offshore decommissioning services in Southeast Asia. A joint venture called Kitar Solutions was recently presented in Kuala Lumpur with the aim of simplifying the decommissioning process through integrated engineering, preparations, removal,
  • BHP studies nuclear-powered ships
    Mining giant BHP has become the latest big name to study the potential for nuclear to power ships. The Australian headquartered company tapped Dutch consultants ULC-Energy to compare key characteristics of various civil reactor designs against the requirements for the potential use in commercial maritime shipping as well as evaluating a range of regulatory, operational, ...
  • NYK acquires UK logistics company
    Japan's Nippon Yusen Kaisha (NYK) has bought Noel Topco, a UK-based holding company of 10 companies, including Global Freight Solutions Limited (GFS), a specialist in fulfillment services for e-commerce businesses, from order receipt to delivery. The UK e-commerce market is the third largest in the world after China and the US, according to NYK. "The ...
  • Biden administration announces $3bn clean ports investment
    The US Environmental Protection Agency (EPA) has announced the launch of a $3bn clean ports program to fund zero-emission port equipment and infrastructure. The EPA is releasing two separate notice of funding opportunities. First, the nearly $2.8bn zero-emission technology deployment competition will directly fund zero-emission port equipment and infrastructure to reduce mobile source emissions a
  • Does GDP matter for shipping?
    Pierre Aury has some advice for executives looking too closely at the health of national economies. My January column discussed AI, global warming, the geopolitical situation and the possibility of a financial crisis as likely or not to shape 2024. It triggered some feedback along the lines of a recession being more likely to have ...

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Lloyd's List web site
FEBRUARY 29, 2024
  • Berge Bulk orders newcastlemax pair at CSSC yard as ordering momentum grows
    Deal comes as newbuild activity for large bulkers is picking up pace in recent years
  • Strong finish sends BW LPG to strongest year on record
    BW LPG posted its strongest financial year after a robust fourth quarter, during which VLGC rates climbed to near-record levels...
  • Okeanis eyes 'even better' longer-term scenario for tankers
    New York- and Oslo-listed owner clinches sharply higher rates in first quarter of 2024 after record 2023
  • International Seaways reveals $232m MR acquisition as it posts record profits
    International Seaways has posted its strongest year on record and unveiled acquisitions for six medium-range tankers totalling $232m. Chief executive...
  • EU to support shore power and e-fuel projects in ports with $1bn fund
    The EU has launched a call for proposals from the transport sector, as the bloc aims to support alternative fuel...
  • Hamburg feels effect of northern range slowdown
    Throughput was down in 2023 as weak economic conditions and geopolitical tensions affected trade. For terminal operator HHLA, there was...
  • Euroseas newbuild charter illustrates bounce in market for boxships
    Nasdaq-listed owner aims to 'continue capitalising' on firmer market for other vessels coming open, including three 1,800 teu newbuildings
  • Red Sea crisis deals blow to Piraeus' standing as East Med's transhipment king
    Lloyd's List Intelligence data shows calls of larger tonnage, 10,000 teu and above, at Piraeus have more than halved since...
  • IMO to adopt practical mid-term measures to put decarbonisation back on track
    Secretary-general is optimistic on shipping's chances of reaching new IMO targets aiming for net zero by or around 2050, as...
  • Shipping prepares for its first dance with carbon trading
    Companies are scrambling to set up trading accounts, while a niche industry springs up to help them manage an unfamiliar...
  • CMA CGM completes Bolloré Logistics deal
    CMA CGM's growing presence in the logistics sector is cemented through its acquisition of Bolloré Logistics. But it has lost...
  • Eastern Pacific exercises options for two tankers and four bulkers at Chinese yards
    Singapore-based shipowner now has 10 ammonia dual-fuel bulkers on order at Beihai Shipbuilding
  • Svitzer prepares to go it alone
    Towage and terminal service may not be a high-growth sector. But the chief executive says there are benefits to avoiding...
  • Norden expands capesize fleet with four newbuilds
    Danish company aims to prioritise dry bulk tonnage this year amid higher asset prices in the tanker market
  • K Line seals storage site agreement for Malaysia CCS project
    K Line and its partners have been working on a storage site project since 2022. In September 2023, the consortium agreed...
  • Frontline sees Q4 boost from Euronav VLCCs
    Last year 'exceptional for tanker industry' and Red Sea disruption will benefit larger vessels, says Barstad
  • Daily Briefing
    Heightened security threat accepted norm for Ukraine's Black Sea traders | Rubymar owners defy Houthi threats in final bid to...

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The Journal of Commerce web site
FEBRUARY 29, 2024
  • US shippers urged to use technology to fight cargo crime, fraud
    Using layers of technology from digital documents to artificial intelligence to tracking devices, shippers can detect and even head off the growing threat of cargo crime, experts say.
  • CMA CGM closes $5 billion Bolloré deal, but faces bidding war for Wincanton
    The carrier's acquisition spree has brought one of France's largest transport and logistics companies into the group, but its bid to acquire UK forwarder Wincanton is being challenged.
  • PayCargo targets invoice automation with Rippey AI acquisition
    PayCargo has taken a majority ownership stake in process automation company Rippey AI to better connect invoicing to payment transactions.
  • J.B. Hunt veteran Shelley Simpson tapped as company's next CEO
    Simpson will become the first woman to take the top job at J.B. Hunt, something many in the industry expected to happen after she was named president 18 months ago.
  • MPV carriers settle into reliable 'new normal' for vessel diversions
    The multipurpose sector is managing security risk, dodging pricey transit fees at the Panama Canal and finding new cargo sources as route diversions globally become routine.
  • Ocean carrier push for carbon pricing mechanism not without risk
    Carriers are advocating in increasingly vocal and high-profile ways to ensure that an effective price on carbon comes out of IMO deliberations and puts regulatory teeth behind its commitment to eliminate carbon emissions from shipping by or around 2050.
  • APM looks to ease trucker woes over New Jersey terminal appointment system
    APM Terminals will make more slots available for retrieving import containers at its Port Elizabeth site as truckers say delays in booking appointments are worsening.
  • Cosco to partner in ONE's upcoming India-US East Coast WIN service: sources
    The move makes sense, according to a Mumbai-based source, as ONE needs a partner to fill space and Cosco needs a strong service out of India.
  • Carrier on-time service levels plummeted in January amid Red Sea crisis
    A drop in schedule reliability was expected on trade lanes such as Asia-Europe and Asia-US East Coast, but the diversions around southern Africa have also affected routes not directly connected to the Red Sea.
  • New Saudi feeder line to tap into Red Sea-driven changes in demand
    Folk Maritime's stated goal is to "fill an essential void" in the regional maritime market, with its launch coinciding with heavily disrupted container shipping flows.
  • RK Logistics joins wave of 'tuck-in' acquisitions to reach East Coast
    As California-based RK Logistics' high-tech customers move east to new markets, the logistics provider is following by buying New York-based On Time Trucking.

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TradeWinds web site
FEBRUARY 29, 2024
  • Broker BRS calls time on the boom in values of older tankers
    Company believes geopolitical pendulum has swung away from veterans to younger models
  • New Fortress declares its FLNG project as 'fastest on the planet'
    Company switching to next facility on shore as it awaits first export cargo from offshore unit in April
  • Excelerate Energy eyes up vessel acquisitions and newbuildings
    Houston-based regasification specialist also pursuing investments in LNG terminals and downstream infrastructure
  • Seaways sees rates improve across diverse fleet as another strong quarter looms
    Manhattan-based owner expects to have all six Wayzata MR acquisitions operating in first half of 2024
  • Golar LNG secures 2027 delivery slot for next-up LNG-to-FLNG conversion
    Company plans separate listing for flare gas-to-LNG venture Macaw Energies
  • Frontline boss Barstad says Red Sea is 'a proper mess' due to 'random' attacks
    Tanker owner's boss says every vessel could be a target for the Houthis
  • Marsh and Markel combine to set up new marine insurance facility
    New follow form facility will cater for Marsh's global marine portfolio
  • Pondering the 'absurd': Bank analysts trade blows over Teekay Tankers
    This week's Streetwise takes a look at what's to blame for a big sell-off in Teekay stock following strong earnings
  • India calls for extra powers from UN to tackle Somali piracy
    The country's navy was involved in an operation to retake the bulker Lila Norfolk after it was seized by armed group
  • Grindrod Shipping sheds another older bulker as rates rise
    Singapore owner sells 2011-built handysize and reveals better forward bookings
  • International Seaways confirms six-MR tanker swoop
    New York-listed shipowner used shares for 15% of deal price
  • CMA CGM completes €4.85bn buy of Bollore Logistics
    Takeover of French logistics peer marks the biggest acquisition in CMA CGM's history
  • Herbjorn Hansson just wants to talk 'upward slope' of Nordic American Tankers success
    Quarterly profit drops to close out 2023, but company trumpets full-year results and future prospects
  • New Fortress Energy fires up its FSRU-based Barcarena terminal in Brazil
    Company turns in record results but still awaits start-up of its delayed first FLNG unit
  • Cosco Shipping International bounces back to profit
    Singapore-based logistics company is concerned about the impact of economic slowdown
  • Golar LNG signs up 'potential customer' to either its next-up or existing FLNG units
    Company reveals it has ploughed over $1.5bn into conversion floater for BP's delayed project
  • Two Genco Shipping capesizes back on sales block after deal implodes
    New York owner was to receive combined $36.5m from sale of older duo
  • John Fredriksen getting his money back as Frontline refinances 24 tankers in $900m deals
    Cash from recent sales will also be used to clear loans granted by major shareholder
  • Atlantska makes ultramax bulker debut with order in China after takeover by rival
    Croatian owner continues fleet modernisation with deal for two bulkers
  • Altera Shuttle Tankers prices upsized $200m bond issue as it refinances
    UK-based owner's new deal comes in 0.5% under 2025 notes' interest coupon
  • Greek shipowner Victor Restis in UK legal tussle over $46m claim
    Businesswoman Amanda Staveley claims she felt intimidated into signing documents linked to 16-year-old debt
  • Ocean Yield hunts new deals and plots bond issue as profit rises
    Sale-and-leaseback specialist has been busy
  • Norden buys four capesize newbuildings in deal worth over $271m
    Danish firm has been building up its owned and operated fleet of capesizes
  • Damaged Subsea 7 WTIV drags on quarterly earnings, but focus is on future
    Revenue should grow in 2024, the Kristian Siem-backed offshore player says
  • Norden buys four capesize newbuildings in deal worth over $300m
    Danish firm has been building up its owned and operated fleet of capesizes
  • Favourable exchange rates and rise in shipbuilding revenue lift Yangzijiang's net profit
    Higher value contracts see Chinese shipbuilder's revenue increase despite lower number of deliveries
  • BW LPG expects more VLGC volatility after logging best ever quarterly profit
    Singapore owner believes market fundamentals remain sound despite big swings in rates
  • BW Offshore stockpiles cash with ship divestments and share sales
    Moves help FPSO owner push dividend as high as it can go
  • UK inquiry to probe results of shipping sanctions
    Treasury committee calls for evidence about the performance of UK's sanctions regulator
  • Ambitious marine insurer Charterama renews five-year deal with RSA
    Rotterdam-based insurer is aiming to double in size in the coming years
  • Excelerate Energy plans to move from 'strategy to action' in 2024
    Chief executive Steven Kobos flags up transition into growth mode as company turns in end-year results
  • Frontline takes a swipe at owners putting crews at risk with Red Sea transits
    Norwegian owner says 'some actors' still willing to make dangerous passage
  • Euroseas gets juicy charter for newbuilding in rising boxship market
    Red Sea disruption yields lucrative employment for feeder vessel that has yet to be delivered from the yard
  • Malaysia's MISC sees fourth-quarter profit dip on higher costs and taxes
    But shipowner remains upbeat for prospects in tanker and LNG markets
  • Frontline reveals jump in first quarter rates as it sees first boost from Euronav VLCCs
    John Fredriksen's tanker giant says earnings capacity has grown by more than a third after acquisition
  • 'Measured' amount of shuttle tanker ordering 'imperative', KNOT Offshore Partners says
    Boss Derek Lowe argues that contracting at shipyards is a sign of confidence in the sector
  • Okeanis Eco Tankers posts record annual profit as a listed company
    Alafouzos family-controlled firm also raises dividend as fourth-quarter profit rebounds
  • Eastern Pacific confirms orders for ammonia dual-fuel newcastlemax bulkers at Chinese yard
    Shipowning giant firms up long-mooted bulker orders and declares an option for two LNG dual-fuel tankers
  • Eastern Pacific confirms orders for ammonia dual-fuel kamsarmax bulkers at Chinese yard
    As shipowning giant firms up long-mooted bulker order, it also declares option for two LNG dual-fuel tankers
  • Malaysia's MISC sees fourth quarter profit dip on higher costs and taxes
    But shipowner remains upbeat for prospects in both the tanker and LNG markets
  • Ray Car Carriers behind pricey PCTC orders at Hyundai Mipo Dockyard
    The LNG dual-fuel 7,500-ceu PCTCs cost $134m each

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American Shipper web site
FEBRUARY 29, 2024
  • Amazon's return of leased cargo jets hurts ATSG profit
    Air Transport Services Group is taking a more conservative approach to fleet expansion until the air cargo market picks up and customers start leasing additional freighters.
  • Texas, Louisiana ports' January cargo volumes a mixed bag
    Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline.
  • CBNC supply chain reporter, daughter pen book on family histories of slaves
    While visiting Monticello, the home of Thomas Jefferson, Lori Ann LaRocco and daughter Abby Wallace learned about families who were enslaved at the site.

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FROM THE HOME PAGE
Maritime-to-port sector associations denounce the absence of MIT at tables where the allocation of EU ETS resources is decided
Rome
Alarmingly-underlining-the failure to provide a breakdown of funds in favour of the Ministry of Infrastructure and Transport
Considerable further reduction in the traffic of goods in the port of Taranto
Taranto
In the second quarter of 2024, the decline was -30.7%
In the second quarter of this year, traffic in Chinese seaports grew by 3.1% percent
Beijing
The only ones with foreign shipments increased by 8.4% percent and containers rose by 7.5% percent.
In the second quarter, the economic results of Konecranes grew
Helsinki
Orders drop in orders, but up from previous quarter
Quarterly revenue of CMA CGM growing thanks to new acquisitions
Quarterly revenue of CMA CGM growing thanks to new acquisitions
Marseille
Containerized volumes carried by the fleet up 6.8% in the second quarter
Salvini asks for the curricula of interested parties to preside over nine Port System Authorities
Rome
Nominations will have to be submitted by September 10
Another extraordinary quarter for Royal Caribbean Cruises
Another extraordinary quarter for Royal Caribbean Cruises
Miami
In the April-June period in the first half of 2024, numerous records were broken.
Decided downturn in the economic performance of the German railway group DB
Berlin
In the first half of -10.2% percent of the goods transported by DB Cargo. Also decrease in the performance of DB Schenker
Rasmussen (BIMCO) : The reduced demolition activity of container carriers will increase in the future
Copenhagen
Meanwhile, the world's fleet has reached new records.
Renewed summits of the associations of maritime agents and spedicers of the Spezia
DSV, growing quarterly revenue but not earnings
Hedehusene
In the April-June period increase in air and sea shipments
4% semester growth of container traffic in HPH Trust terminals
Hong Kong
Revenue up 2.6%
Carnival orders Fincantieri to be three cruise ships of 230,000 tonnes of gross tonnage
Miami
They will be the largest ever built by the navalmechanical company and the largest ever made in Italy.
Published in USA the norm that prohibits shipping companies from unjustifiably rejecting cargo slots
Washington
VOCC will have to demonstrate the subsistence of reasonable grounds to deny the spaces
New quarterly and semi-annual records of containers and conventional goods in Spanish ports
Madrid
Started construction of the trimodal terminal of the MSC group in the Paris region
Geneva
It is expected that in 2027 annual traffic will reach five million teu
No from the Government of London to a state guarantee on new loans requested by Harland & Wolff
London
"The market is in the best position to resolve the business issues faced by the company," he said.
In the port of Naples, the work of strengthening the dam foranea Duke d' Aosta is initiated.
Danish Norden buys Norwegian Norlat Shipping
Hellerup
Is specialized in the maritime transport of forest products
Meyer Werft confirms the possibility of implementing the restructuring of the navalmechanical group
Meyer Werft confirms the possibility of implementing the restructuring of the navalmechanical group
Papenburg
Announced the definition of a draft of a plan that is expected to be completed in 2028
IBIA, the current carbon intensity indicator of the IMO penalises the bunkerage business
London
Submitted a proposal to change the CII ahead of the next session of the MEPC
COSCO Shipping Ports, in June new historical record of monthly container traffic
Hong Kong
In the April-June period of this year, a new quarterly record was also recorded
Slight quarterly and semester growth of container traffic in the port of Algeciras
Algeciras
New locomotives for transalpine transport of SBB Cargo International
Munich of Bavaria
Order to Siemens Mobility
New historical record of monthly container traffic in the port of Barcelona
Barcelona
Also recorded new maximum spikes of quarterly and semi-annual containerized volumes
New historical record of monthly container traffic in the port of Barcelona
In the second quarter, freight traffic in the Antwerp-Zeegrugge port system grew by 4% percent.
In the second quarter, freight traffic in the Antwerp-Zeegrugge port system grew by 4% percent.
Anverse
The containers were equal to almost 3.4 million teu (+ 2%)
Port of Rotterdam, in recovery of container traffic in the second quarter
Port of Rotterdam, in recovery of container traffic in the second quarter
Rotterdam
In the second half of the year, volumes are expected to rise in other market segments.
CMA CGM accords with Google to apply artificial intelligence to group operations
Marseille
Among the objectives, increase the efficiency of fleet use and containers
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
In the first half of 2024 the container traffic in the port of Los Angeles grew by 14.4%
Los Angeles
ABB's earnings growth while falling orders
Zurich
Increase in commits in the maritime, port and chemical sectors
Assiterminal, use EU ETS funds for investment in infrastructure and new equipment for port businesses
Assiterminal, use EU ETS funds for investment in infrastructure and new equipment for port businesses
Rome
The trade unions are abandoning the confrontational drift on the Ccnl.
Marsa Maroc will operate two terminals in the Beninese port of Cotonou
Casablanca
The business will be held together with the new public-private company Bénin Manutentions
Clerc (Maersk) : The next few months will also be characterized by a containerized hold deficiency in the face of high demand
Copenhagen
Agreement in Bahrain to set up a shipyard recycling yard
In May, the decline of naval traffic in the Suez Canal was accentuated.
In May, the decline of naval traffic in the Suez Canal was accentuated.
The Cairo
The crossings of tankers have decreased by -41.5% and those of ships of other type by -59.4%
Cognolate is the new president of Assiterminal
Rome
Ferrari confirmed director of the association of port terminalists
CIMAC has been accredited with consultative status at the International Maritime Organization
Frankfurt am Main
General cargo ship stopped and sanctioned by the Coast Guard of Genoa
Genoa
Found serious breaches of European ship recycling law
European commissioners Valean and Sinkevicius resignations to take place in the EU Parliament
Brussels
The rebound in revenues recorded by OOCL continues.
Hong Kong
In the second quarter of this year, they grew by 14.4%
Singapore port records new historical records of quarterly and semi-annual traffic of containers
Singapore
New maximum peaks also of non-oil bulk bulk
Orders for 2.7 billion to KSOE for the construction of 12 15,500-teu container carriers
Seoul / Sejong
The Fair Trade Commission authorizes the KSOE to acquire 35.05% of the capital of STX Heavy Industries
FMC blocks the entry into force of the Gemini Corporation Agreement between Maersk and Hapag-Lloyd in trades with the USA
Washington
It would become automatically effective on Monday, but the US agency requested more information
In the first half of 2024, the traffic of goods in Russian ports fell by -3.1% percent.
St. Petersburg
Dry goods in decrease of 2.7% and dry bulk of -3.5%
In the port of Klaipeda will begin the construction of a new cruise terminal
Klaipeda
It is expected that the work will depart this year
Inaugurated the new Indian port of transhipment
Inaugurated the new Indian port of transhipment
Thiruvananthapuram
The deep water heater in Vizhinjam is managed by the Adani Ports and Logistics
In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
In the second quarter, acts of piracy against ships, but not violence against seafarers, declined.
London / Kuala Lumpur
Reported 27 attacks compared to 38 in the April-June period of 2023
Underwriting the agreement for the renewal of the Ccnl of the shipowner industry
Rome
Overall increase to the average parameter (nostrome) of 202 euros
Global Ports Holdings accepts takeover offer of the majority shareholder GIH
London
The proposal includes the delisting of the company
GNV publishes its own Community Report 2023
Genoa
Catani : We annually generate direct, indirect and induced impacts of 1.36 billion on the Italian economy
Approved changes to the 2024 forecast budget of the Western Ligure AdSP
Genoa
Ok of the Management Committee at conventions with RFI for last-mile links
Trade unions, approved the renewal of the seafarers ' contract and disbanded the reserve
Rome
Some criticalities in the trailer sector
Sardinia's AdSP accelerates expenses for infrastructure
Cagliari
About 60 million euros of sums available in excess of 2024
Awarded the tender for the new pavement of the quays 19, 20 and 21 of the Port of Ancona
Ancona
Part of the ferry's actresses will be moved to the area.
Medlog (MSC group) will become the co-owner of the new Belgian inland port of Limburg
Brussels
Partnerships with Essers and Machiels
On the way in the port of Augusta the work for the realization of the new border control post
August
They will be completed by January 2025
In the first five months of 2024, freight traffic in the port of Naples grew 5.8% percent while in Salerno it fell by -1.0% percent.
Naples
Approved the DPSS of the Port System Authority of the Northern Tyrrhenian Sea
Livorno
The instrument sets out the objectives and coordinated development strategies of the System ports
In the second quarter of this year UPS's revenues fell by 1.1%
Atlanta
Net profit down -32.3%
Stable the quarterly turnover of the Kuehne + Nagel logistics group
Schindellegi
In growth the revenues generated by air shipments
New service of Bertani Transport for car rail transport between Chignolo Po and Cassino
Milan
6.5% of the fleet in navigation is able to use alternative fuels or propulsions
Naples
Trafigura becomes sole proprietor of the High Heat Tankers
Singapore
Acquired 50% of the capital in hand at Gearbulk
Positive the second quarter of Wärstilä
Helsinki / Trieste / Rome
Accentuated growth in the maritime segment
Launched a ro-pax of Bluferries
Athens
From the beginning of next year, he will connect Villa San Giovanni with Messina
Fincantieri-Hera agreement for the optimisation of the waste cycle
Bologna / Rome
A newco will be established. The activity will be launched at the shipyard in Monfalcone
Japan's ENEOS cedes fleet of tankers and bulk carriers to a participating newco at 80% percent from NYK
Tokyo
The sale does not include ships for the transportation of crude oil
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
EU funds for 765 million euros at new railway line-Lyon
Brussels
Also funded access to the Brenner Base Tunnel
Medtruck (MSC group), agreement with trade unions on salary and rights
Rome
In the next 15 days workers will be called upon to speak out on the deal.
Inaugurated the new intermodal rail link between the Central Tuscany Interport and the Darsena Toscana Terminal
Lawn
On arrival in the port of La Spezia the naval means for the construction of the new pier cruises
The Spezia
They will be used for the consolidation of the seabed and prefabrication and laying of the casks
Rhenus has inaugurated two plants near Bologna and Milan.
Lauzac
New branches in Castel San Pietro and Casei Gerola
In June the Port of Long Beach sets a new container traffic record for this month
Long Beach
The EIB finances 90 million of the project of the Darsena Europa of the port of Livorno
Luxembourg
Warriors : full political and financial support for its realization
Agreement between the AdSP of the Central Adriatic and the State Police for the prevention and contrast of cyber crimes
Ancona
Cross (Assoperatives) : Do not stop the realization of major infrastructure
Genoa
Dam of Genoa, Third Valico and motorway grate-points out-are essential works
In the first half of 2024 the container traffic in the port of Hong Kong fell by -5.4%
Hong Kong
In the second quarter, the decline was -7.5% percent.
Renewed the five-year agreement between Honored Shipowners and IMAT for the training of crews
Castel Volturno
Saipem to win two offshore projects in Saudi Arabia
Milan
New assets worth about 500 million
The work on the realisation of the new entrance to the port of Augusta has been carried out.
August
Di Sarcina : Strategic work also in light of the recent transfer of container traffic from Catania
Strong demand for containers is reflected on the profits of the CIMC
Hong Kong
Recorded a significant increase in dry box sales
ALS Customs Services has acquired the Italian Battaglino Customs Services
Hilden
The Milan firm has 79 employees
Approved the 2023 budget of Interporto Campano
Nola
Confirmed Alfredo Gaetani (President) and Claudio Ricci (Managing Director)
Saipem, commits for offshore activities in Azerbaijan
Milan
In programme activity in the Azerbaijani waters of the Caspian Sea
The Danish group SGL buys Brazilian Blu Logistics Brasil
Hvidovre
Agreement to acquire the entire share capital
99.2% million of Fincantieri's 400 million capital increase subscribed to
Rome
Majority shareholder CDP Equity has subscribed to new shares worth 285.8 million euros.
On July 17, the public assembly in Assiterminal will be held in Rome.
Rome
Messina (Assshipowners) : with the renewal of the Ccnl of the shipowner industry valid responses to the needs of workers
At The Spice Container Terminal start the scallops of the 21,000-teu container ships of OOCL
The Spezia
Inaugurated the Onshore Power Supply plant of the port of Valletta
Floriana / Geneva
Every Wednesday "MSC World Europa" will connect to the electric grid of the stopover
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
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 Tomaso Cognolato
Roma, 17 luglio 2024
››› File
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
Fincantieri vara to Ancona the cruise ship Viking Vesta
Los Angeles
In mid-2025 it will be delivered to American Viking
Lineage buys the abruzzese supplier of Eurofrigor refrigerated warehouses
Amsterdam
Manages a refrigerated cell structure of more than 24,000 square meters in Controwar
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
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
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