London - Cargo owners should expect significant further ocean freight service disruptions this year with more blank sailings and likely service suspensions, Drewry highlighted yesterday, as volatility linked to the coronavirus pandemic continues or worsens. The container shipping analyst also suggested that shippers “should consider adding a few ‘backup carriers’"
OPEC and other leading oil producers including Russia failed to agree on further joint action on the global oil market and to extend their deal to cut output, leading to a sharp fall in oil prices that have also been battered by the coronavirus pandemic
Shanghai - China’s top-level administrative body has sent a signal that the country is to further relax a crew change ban at its ports after Shanghai’s easing policy
London - Number-one ocean carrier Maersk has suspended all crew changes aboard its container ships through April 14, the company said in a letter to crew Tuesday
Monaco - Danish Maersk Tankers has entered into a deal with chemical tanker owner and operator Team Tankers International to take over the commercial management of its 27 tankers and establish two new pools. For Maersk Tankers the agreement will increase its fleet under management
Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy
French shipping group CMA CGM said on Friday that its activity in China was getting back to normal after the coronavirus outbreak disrupted traffic last month
Shanghai - Coronavirus-led void sailings have slowed following the recovery of China’s factory and logistics activities. But the spread of the disease in other countries has raised concerns about a further disruption to container shipping demand.
Copenhagen - Shipyards are facing disruption to newbuilding, repair and conversion projects due to the impact of the virus on their labour force and the ability of their subcontractors to meet their commitments to supply materials and equipment necessary for the completion of such projects
Assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela
As part of PIL "continuous effort to optimize its network efficiency", writes the shipowner in a note, the company will be withdrawing its services from the Transpacific market
Clariant Chief Financial Officer Patrick Jany is exiting for a post at Maersk marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year
The sister ship of the "YM Efficiency", which lost 81 containers off the coast of Newcastle and Port Stephens in June 2018, has been stopped in Sydney for a pollution debt that could cost Yang Ming more than 12 million euros
UI Group and its longstanding partner Royal Caribbean Cruises are planning to expand their luxury, expedition and premium cruise segment and to attract new target audiences for luxury cruise products
The Brexit uncertainties have caused Danish shipping company DFDS a weak development of trade volumes in 2019
The EMA service will consist of six Panamax vessels. The port rotation for the weekly service is Mersin – Haifa – Alexandria – Istanbul – Piraeus – Genoa – Algeciras - New York – Norfolk – Savannah – Algeciras – Mersin
The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO, the Treasury said, partially reversing its punishment to the company for transporting Iranian oil
Norway’s national economic crime unit raided the local office of international shipping company Teekay Offshore this week on suspicion of illegally exporting waste
Greek container shipping company Costamare has renewed its fleet with four new acquisitions
Shipping company MSC and France’s Saint Nazaire shipyard won a 2 billion euros ($2.2 billion) deal to build two cruise liners
Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies
Maersk plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013
“I am very excited to be joining BIMCO at this critical time for the industry where a volatile market, new technology and increasing environmental regulation are all having a significant impact."
In order to further improve the service level and port coverage for local customers, Maersk develops its network across Spain. On 23rd January, the first sailing of Maersk’s new Z03 feeder service will take place, connecting the port of Gijón with Algeciras
VLSFO has lately started to trade at levels comparable with marine gasoil, a type of diesel fuel used by tankers
During this year, Hapag Lloyd will "continue to concentrate on expanding our business in growth regions" said chief executive officer Rolf Habben Jansen in an interview published on the group's internet site
The groups' executives have signed an agreement that launches the Ocean Alliance Day 4 Product, that should further strengthen the four companies's service offer.
The recent escalation in the unrest between Iran and the US has raised fears of a wider war in the Middle East, writes research firm Drewry in its latest report. Already heightened geopolitical tensions in the region have resulted in a surge in oil prices, with Brent surpassing the $69 per barrel mark
The Dutch shipping company Roll Group underlines with a recent ship purchase the positive expectations for the market. After the extension of their land activities into Asia in 2019, Roll Group starts 2020 in a similar manner with the addition of another Module Carrier into their fleet
Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills
The panamax index fell 54 points, or 5.4%, to 949 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $494 to $8,537
The Estonian ferry company's passegers figures continue to increase, although the number of passengers vehicles have increased only on the Finland-Sweden routes
Paris - Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country
London - The increase in US liquefaction capacity is one of the major factors driving LNG shipping rates, as London research firm Drewry writes in its latest report
Hamburg - The German carrier Zemarine answers to speculation regarding its financial situation
Rio de Janeiro - Brazil federal prosecutors on Wednesday said shipping companies Maersk, Tide Maritime and Ferchem were targets in the latest phase of a wide-ranging corruption probe
Beijing - The Beijing-backed Asian Infrastructure Investment Bank said on Tuesday it was investing $500 million in a liquefied natural gas project in China to help support its efforts to transition to a lower-carbon energy future
London - Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions
Genoa - The new container terminal, launched today in Vado Ligure and operated by APM Terminals, sets a new standard for port infrastructure in Italy. The facility is unique in terms of services and technology, from the “automated yard” to the “appointment system” for trucks.
Washington targeted three general sales agents of Mahan Air over the role the airline has played in weapons of mass destruction proliferation, U.S. Secretary of State Mike Pompeo told reporters.
London - IMO 2020 fuel regulations take effect Jan 1. Logistics rather than fuel supply causing delays.
Genoa - According to MediTelegraph sources, the project was delivered last November 22 to the Port Authority of the most important Italian port.
London - The capesize index rose 100 points, or 3.2%, to its highest since mid-Oct at 3,231 points.
London - Pipeline is major boost to ties between Moscow and Beijing. Russia is trying to forge close ties with East.
Genoa - “We are restoring the access road to the Vado terminal, while the Maersk port platform has not suffered damage, the collapse is part of the damage caused by the storm”, the president of the Liguria Region, Giovanni Toti, said.
Alberto Musso, CEO of Tarros Group: “It has been an amazing journey that will for sure gain its place in the history of Italian Sailing. We are proud we have sailed with Ambrogio and contributed to make this dream come true.
Athens - A tariff war between the European Union and the United States is threatening to buckle one of Greece’s most buoyant export sectors, which survived a decade of economic crises but possibly not President Donald Trump.
Genoa - Not many words. “Very courteous and respectful in tone,” says those who saw the letter written by Gianluigi Aponte to the Port Authority of Genoa. It is the style of the founder of MSC.
Genoa - The company “will not explore or use the Northern Sea Route between Europe and Asia for container shipping. Shipping lines should focus on reducing environmental impact of existing shipping trade routes”.
Genoa - Genoa and Savona diversify markets, La Spezia enlarges docks.
Genoa - The high-speed rail line between Genoa and Milan is 50% complete, and the Turin-Lyon line 15% complete.
Genoa - Zeno D’Agostino, president of the Port System Authority: “Chinese interest in the port grows, traffic crisis with Turkey”
Genoa - The C.E.O. of Hapag-Lloyd, Rolf Habben Jansen was in Genoa for the opening of the company’s Southern European headquarters: “The market? It will improve in 2020.”
Riyadh - The al Khomra zone - which will support activities around shipping, freight distribution and transport of goods - extends over 2.3 million square meters in Jeddah, home to one of the kingdom’s largest ports.
Rome - “I have nothing against large cruise ships but they can no longer pass where they pass today, it’s scary to see them pass near Venice.”
Milan - The civil court of Milan has rejected the request for bankruptcy of the Moby Group presented by a group of bondholder hedge funds of the company.
Miami - Marco Carsjens recently worked with the Holland America Line company, where his career began in 1994, when he joined the company as a cadet officer.
The new shareholders include Selfinvest Family Office as a key stakeholder, and previous TORM CEO and current SKULD chairman Klaus Kjærulff.
“Existing technology can deliver the future we desire – including meeting the 1.5°C target set out in the Paris Agreement,” said Remi Eriksen, Group President and CEO of DNV GL.
London - The Yamal LNG Joint Venture owns four Arc7 LNG tankers which ship LNG from Yamal LNG, a massive production facility operated by Russian independent gas producer Novatek in the Russian Arctic.
Genoa - Costa Cruises aims to build its own cruise terminal in the port of Genoa, and is willing to collaborate with architect Renzo Piano, who is designing the city’s new waterfront.
Geneva - Stena Impero, the British-flagged tanker detained by Iran on July 19, will be released soon, an Iranian maritime official said on Sunday, according to the semi-official Fars news agency.
Seoul - A South Korean cargo vessel carrying about 4,000 cars bound for the Middle East was listing heavily on Sunday off the coast of the southern U.S. state of Georgia, an official of operator Hyundai Glovis said.
Denia - In agreement with the insurance company and the port captain it was decided to scrap the vessel on site.
Palma - The Balearic Minister for tourism Iago Negueruela and the Mayor of Palma Jose Hila have been holding talks with the major cruise operators to discuss ways to limit the number of cruise vessels visiting the port of Palma.
Jakarta - Indonesia is seeking to boost its cruise ship tourism market as the number of foreign visitors arriving in the archipelago by cruise ship has increased in the past three years.
London - The terminal will also launch a dry container inspection and repair hub in October 2019.
Moscow - Andrey Zubarev replaced Vladislav Zhukov, who had been at the helm of Sea Port St. Petersburg JSC since 2017.
Cairo - Egypt’s President Abdel Fattah al-Sisi appointed Lieutenant General Osama Rabie as chairman of the Suez Canal Authority, the presidency said in a statement on Saturday.
Lisbon - Portugal’s fuel-tanker drivers will suspend a five-day-old strike that led to fuel rationing at filling stations and negotiate with employers in government-brokered talks, their union said on Friday.
Gibraltar - The Grace 1 was seized by British Royal Marine commandos in darkness at the western mouth of the Mediterranean on July 4 on suspicion of violating European Union sanctions by taking oil to Syria, a close ally of Iran.
London - The number of global ocean cruise passengers rose from 17.8 million in 2009 to 28.5 million in 2018, according to research by the Cruise Lines International Association.
Zeebrugge - Cosco Shipping Lines’ Cosco Shipping Star has a capacity of 21,237 TEU. By deploying this brand new vessel, Ocean Alliance raised the capacity of its AEU1 service between Europe and the Far East.
London - British warship HMS Kent set sail for the Gulf on Monday to join a U.S.-led mission protecting commercial shipping vessels in the region amid heightened political tension between the West and Iran.
London - A unit of International Container Terminal Services, Inc. (ICTSI) is selling its 30% stake in a company that operates the Motukea Port, Papua New Guinea.
Genoa - Wallenius Wilhelmsen was recognised with the Greener Supply Chain award at the Automotive Logistics Europe Awards for its work with the SRTI, which helps cargo owners account for their supply chain sustainability by enabling them to make informed decisions about ship recycling.
Beijing - China’s index of export container transport edged down for the week ending Friday, according to the Shanghai Shipping Exchange.
Busan - Transhipment cargo handled at South Korea’s largest seaport of Busan fell for the first time in 29 months in July amid a trade dispute between the United States and China, industry data showed.
London - The Baltic Exchange’s main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses.
Kiev - Ukrainian prosecutors said they had searched a vessel in the Black Sea port of Kherson on Saturday as part of an investigation into a suspected illegal delivery of fuel to the Russian navy in annexed Crimea in 2015.
Moscow - A port official said the Dvina Bay area of the White Sea would be closed to shipping.
Genoa - The project was illustrated by the shipowner Gianluigi Aponte to the governor of the Liguria Region Giovanni Toti.
London - John Carnall, Senior Vice President, Global Lifecycle Support, MacGregor says: “We are looking forward to increasing our collaboration with COSCO Shipping.”
Rotterdam - Where do truckers sleep if they have to stay overnight in the port? Preferably at Maasvlakte Plaza.
Hamburg - Hapag-Lloyd published this article about the impact of Strait of Hormuz condition on its operations.
Beijing - U.S.-China talks on easing trade tensions start this week * About 1.02 mln T U.S. soybeans shipped to China June 28 to July 18 - USDA data.
London - Britain told Iran on Monday that if it wants to “come of the dark” it must follow international rules and release a British-flagged oil tanker seized by its forces in the Gulf.
Two new cranes to load and unload trains will be delivered in August.
London - ”Any disruption of the freedom of international maritime traffic is considered a violation of international law and the international community must do what is necessary to reject it and deter it”.
Genoa - When it reached port she was hard to miss.Ocean Network Express’ (ONE) “Blue Jay” is the first magenta-colored container ship to call at the port of Genoa. The 360-meter long, 14,000 TEU ship, which set off from Asia, was docked this week at PSA Terminal’s Pra quay
New Delhi - Last year, the IEA predicted that 2019 oil demand would grow by 1.5 million bpd but had cut the growth forecast to 1.2 million bpd in June this year.
Genoa - MSC Finds Digital Twin Technology Improves Readiness, Optimizes Maintenance and Minimizes Unplanned Failures.
London - Reviewing the regulatory environment to identify gaps and make recommendations and provide examples on establishing compliance.
Athens - Lloyd’s List has recognized Greek manager Despina Panayiotou Theodosiou, co-managing director of Tototheo Maritime, among the 100 most influential people in the global maritime transport sector, as well as one of the top 5 most important executives of the “young generation of shipping”
Rome - The sea captain who rammed a police boat while bringing 40 rescued migrants to an Italian port had been warned to stay out of must be freed from house arrest, a judge ruled Tuesday in a decision that angered the Italian government minister who had declared the defiant mariner an outlaw
Beijing - Official manufacturing PMI 49.4, vs 49.4 in May. Services PMI at 54.2, vs 54.3 in May.
Marseille - A year after Jacques R. Saadé’s disappearance and the international tribute paid to the Founding President of the CMA CGM Group, the city of Marseilles has decided to name one of the city’s emblematic boulevards after him in his honor.
Rome - “Venice is unique and we cannot allow it to be destroyed even more than it has been already,” said Mariarita Signorini, national president of Italia Nostra (Our Italy), whose stated mission is to defend Italy’s cultural and natural heritage.
Bhubaneswar - Operations in two major ports were suspended and berthing ships ordered to move out to sea to avoid damage. Indian Railways cancelled or diverted some 200 trains.