U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb 'vastly' more shipments from the United States but current EU investment in new projects will only help open small markets.In…
China said on Wednesday that 'blackmail' wouldn't work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 percent tariff on $200 billion worth of Chinese goods…
Liquefied natural gas (LNG) carrier owner and operator FLEX LNG has appointed Øystein M. Kalleklev as Chief Executive Officer to replace Jonathon Cook, who resigned in May.Kalleklevm, who has served as Chief Financial Officer of Flex LNG since October 2017…
China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93…
China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official media.The two are among nine 22,000 TEU vessels…
PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility…
A new ship that NYK will own and operate to transport coal for Hokkaido Electric Power Co. Inc. has been named 'Pirika Moshiri Maru.' Honoring the history and culture of Hokkaido’s indigenous Ainu inhabitants, the name of the new ship is derived from the Ainu words 'pirika…
Denmark's Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund.'Hafnia Tankers has successfully completed two sale and leaseback transactions with Skaatholmen Shipping Ltd, a company owned by Sole Shipping…
Bermuda-based owner and operator of dry bulk vessels GoodBulk entered into an agreement to sell the M/V Aquapride, a 2012 built Supramax vessel of 61,465 dwt built by Imabari, JPN at $20.0 million to Suisse Bulkers, an unrelated party.The vessel…
India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative is to improve the returns earned on treasury investments by the ports for pension…
Sixty-one young men and women will be starting their three-year apprenticeship at Hapag-Lloyd tomorrow. While some of them will spend the lion’s share of this time on container ships, the on-shore apprentices will cycle through various national and international departments…
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2009-built, 4,563 TEU containership for $13.9 million from an unrelated third party.The vessel is expected to be delivered in Q3/Q4 2018…
British shipping services provider Clarkson Plc said on Monday an unauthorized third party accessed some of its computer systems in the United Kingdom last year.The unauthorized access to systems from May 31 to Nov. 4, 2017 was gained from a single and isolated user account…
The world's second largest ship registry said it is looking to advance its position as the largest registry of gas carriers and expand its footprint in the transportation and processing of liquefied gases with the formation of a dedicated gas experts team…
ITC Global, a provider of satellite communications to remote and harsh environments, has announced its three-year contract extension with Youth With A Mission Medical Ships Australia, Ltd (YWAM MSA). Under terms of the agreement, ITC Global…