Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals
Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus
CMA CGM, the world’s fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July
The Danish group DFDS, which operates freight and passenger transport services with a fleet of ferries and logistics services, announced its intention to cut 650 jobs due to the impact on the activities of the Covid-19 pandemic
The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday
The world’s largest container shipper, A.P. Moller-Maersk MAERSKB.CO, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry
South Korea has launched a project to develop autonomous ships by 2025
A.P. Moller-Maersk said on Wednesday that market demand was developing “more favourable than originally expected” in the second quarter
Three Greece-based shipping firms said they have halted trade with Venezuela after the United States imposed sanctions on vessels under their management, as Washington ramps up commercial heat on Caracas.
Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the coronavirus pose a risk to the safe operation of the world’s merchant fleet
The historic American classification Society based in Houston with over 5,500 employees and two hundred offices worldwide, has chosen Genoa as the head quarter for the European MED certification
The off-going nineteen members of the Liberty's crew will now return home via a chartered flight from Singapore to Colombo, then on to India. Their colleagues - 14 Sri Lankans and four Indian seafarers who arrived from Sri Lanka early Saturday on the same chartered plane - have signed on aboard the ship
Rotterdam - Container ship call numbers in European ports have been gradually improving over the past three weeks, despite the high levels of blank sailings on the trade, while calls at North American ports continue to decline as carriers extend the capacity withdrawals into the third quarter, according the latest IAPH-WPSP Port Economic Impact Barometer
CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from lockdowns to curb a coronavirus epidemic and ship operators adjust capacity
Water levels on the Rhine in Germany have risen after recent rain but remain too shallow for cargo vessels to sail fully loaded throughout the river
Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees
The vessel currently is heading to Asia after recently stopping in Trinidad and Tobago, according to vessel tracking data
Shipments of consumer goods dropped to $10.4 billion, the lowest since April 2006
The European Union’s carbon market could capture a large chunk of emissions from outside Europe if the bloc succeeds in including shipping in the scheme, according to the European Commission’s first report on maritime CO2 emissions
Japanese shipping company Nippon Yusen KK expects the coronavirus pandemic to reduce its recurring profit by 50-60 billion yen ($464 million-$557 million) for the year to next March
Sydney - A Singapore-flagged cargo ship lost at least 40 containers in deep waters off the coast of Sydney when they fell overboard in heavy seas
The Bulgarian captain of a Portuguese-flagged cargo ship who was kidnapped along with seven other sailors by pirates off the coast of Benin last month, has been freed
The tanker, named Fortune, reached the country's waters at around 7:40 p.m. local time (1140 GMT) after passing north of the neighboring dual-island Caribbean nation of Trinidad and Tobago, according to vessel tracking data from Refinitiv Eikon
Manila - The Philippines fully supports the recognition of Filipino seafarers as “key workers” ensuring that ship crew changes can take place safely amid COVID-19 pandemic. This was in response to the statement of International Maritime Organization (IMO) Secretary-General Kitack Lim urging all the Member States to recognize all seafarers as “key workers” by removing any barriers to documentation and lifting travel restrictions
Dubai - Wilhelmsen Ships Service (WSS) is continuing to handle critical shipments within GCC countries during the COVID-19 lockdown of land borders by utilising different sea freight solutions. Their team in Dubai recently handled 1,706mt of steel plates from Hamriyah Free Zone Port in Sharjah to Shuwaikh Port (Kuwait
Copenhagen - Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May)
Monaco - Tanker owner and operator Scorpio Tankers has secured additional liquidity having received new loan commitments for debt repayment. The company said it had received a commitment for a new credit facility for up to $225 million
London - The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020, although better than in 2019
Supertanker freight rates eased this week as surging demand for floating storage cooled and crude oil output is set to fall, but rates could jump again as fewer tankers become available and as traders take advantage of weak oil prices
Geneva - The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) said governments should facilitate the movement of international transport personnel who have been affected by travel restrictions due to the coronavirus disease 2019 (COVID-19) pandemic
Analysts are already forecasting a steep global recession this year as the virus has prompted worldwide restrictions on movement of people and goods
Seoul - Korean shipbuilders are reportedly outrun by Chinese rivals in a race to win a 1.35-trillion-won order for six 23,000-TEU super-large container carriers from German shipping company Hapag-Lloyd. Chinese shipbuilders beat technologically superior Korean competitors with advanced technology
Owners of a factory ship moored off southern France which normally turns seawater into bottled mineral water have converted it to make sanitising solution in the fight against the coronavirus.
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.
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.