The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal. The fourth biggest port operator globally…
Nippon Yusen Kabushiki Kaisha (NYK Line) together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship. After delivery of the new vessel from Oshima Shipbuilding in 2021…
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million. Noble said in a press annoucement that its indirect wholly-owned subsidiary…
As the competitive and economic pressure on the shipping and offshore industries continues to grow, owners, operators and yards are searching for every efficiency. To support its customers, DNV GL has developed the first type approval scheme…
Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 billion in tariffs imposed by U…
Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U…
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including…
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures…
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are…
Ocean shipping electronic marketplace INTTRA announced that May 2018 was a record month with more than four million requests for container bookings or shipping instructions processed on its platform.It was the first time in its 17-year history…
Bolidt Synthetic Products & Systems' position for decking and flooring in mainstream cruise ship and superyacht markets has been quickly converted into a series of business wins in the fast-emerging polar expedition cruise ship sector.The most…
The International Marine Contractors Association (IMCA) has appointed Bruce Gresham as director for client engagement in the U.S., in a part-time consulting role. He will support the association in developing and expanding its engagement with oil companies and the broader industry in the U…
Hyundai Merchant Marine (HMM) announced that it is launching a new China-Australia express service, under the name ‘A1X (Australia No.1 Express) with carriers Evergreen and APL. The A1X service covers the ports of Ningbo-Shanghai-Yantian-Sydney…
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo…
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers…