Contracts News


New ‘Eyes’ on the Prize

Aug 28, 2019

Tappan Zee Constructors ‘See’ Below Hudson River with Trimble Marine Construction Systems and Teledyne Marine Imaging.Since 1955, the Tappan Zee Bridge has been a critical thoroughfare for New Yorkers commuting between Rockland and Westchester Counties…

Hybrid Straddle Carriers to Improve Antwerp Hub

Aug 26, 2019

Kalmar, part of Cargotec, won a contract to supply Lineas Intermodal with two Kalmar Hybrid Straddle Carriers. The order was booked in Cargotec's 2019 Q3 order intake with delivery scheduled to be completed in Q1 2020.Being the largest private rail freight operator in Europe…

NYK Group to Build New Heavy-lift Vessels

Aug 26, 2019

NYK Bulk & Projects Carriers Ltd., an NYK Group company and the only shipping company that owns and operates heavy-lift ships in Japan, signed a contract with Nanjing Jinling Shipyard Co. Ltd., which is part of the China Merchants Group, to build a pair of heavy-lift vessels…

Iran: Oil Sold from Tanker Released by Gibraltar

Aug 26, 2019

Iran has sold the oil from a tanker released by Gibraltar after weeks in the custody of British Royal Marines and the vessel's owner will decide on its next destination, IRIB news agency quoted an Iranian government spokesman as saying on Monday…

OP/ED: The Latest Waterfront Development Hustle

Aug 26, 2019

Where there is the allure of the water, there is no shortage of dreamers, visionaries, hucksters, investors, or salesmen willing to expound on the endless new possibilities.It's a tale as old as time. Which is why some of the oldest land use regulations…

Baltic Index at 4-week Peak on Broad Support

Aug 22, 2019

The Baltic Exchange's main sea freight index rose to its highest in more than four weeks on Thursday, lifted by strong demand across all vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 57 points…

Peel Ports Steps Toward Brexit Ready

Aug 21, 2019

Peel Ports Group has been accredited with the internationally recognized quality mark of Authorized Economic Operator (AEO) at all its principal ports by Her Majesty’s Revenue and Customers, affirming the Port’s efficient and robust processes to customers worldwide…

Shell Charters LNG-Powered Tanker Fleet

Aug 21, 2019

Shell Tankers (Singapore) Private Ltd has agreed a long-term deal to charter a fleet of 10 LNG dual-fuel Aframax crude oil tankers from Sinokor Petrochemical Co Ltd, which expects to take delivery of them from Samsung Heavy Industries in South Korea in 2021…

Baltic Index Down on Lower Capesize, Panamax Rates

Aug 20, 2019

The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, hurt by softer demand for the capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 0…

ABB’s Digital Solution Helps to Reduce Fuel Costs

Aug 20, 2019

ABB secured its first contract for ABB Ability Tekomar XPERT for fleet of 55 vessels with Hamburg based ship manager CPO Containerschiffreederei (CCPO).CCPO offers high quality service to its charter clients and professional ship management for 111 of own and third-party ships…

Baltic Index Snaps 7-day Win Streak as Capesize Drags

Aug 19, 2019

The Baltic Exchange's main sea freight index fell on Monday, breaking a seven-day winning streak as rates for capesize vessels eased.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 21 points, or 1%, to 2,067 points…

NORDEN Inks Long-Term Contracts

Aug 15, 2019

NORDEN  contracted with Enviva to transport 1.3-1.5 million metric tons of wood pellets from the US to Europe over a six-year period. The Contract of Affreightment (CoA), which runs from 2021 to 2026, builds on NORDEN’s long-term collaboration with Enviva…

ICE, Magellan to Offer Dock Capacity to Houston Oil Futures Customers

Aug 14, 2019

Intercontinental Exchange Inc and Magellan Midstream Partners LP said on Wednesday they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate (WTI) crude futures contracts…

Baltic Index at 2-week High on Capesize, Panamax Strength

Aug 13, 2019

The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points…

China in Talks with U.S. Trade Officials

Aug 13, 2019

Senior Chinese and U.S. trade officials spoke by telephone on Tuesday as the Chinese side lodged solemn representation on additional tariffs on Chinese goods scheduled to start next month, China's Ministry of Commerce said in a statement.The statement was issued at around the same time that U…

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