Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal…
Eagle Ocean Marine (EOM), the American Club’s fixed premium P&I and FD&D facility, renewed its reinsurance program for another 12 months from July 1 with the continuing support of its coventurers at Lloyd’s. .Eagle Ocean Agencies, Inc., the Manager of Eagle Ocean Marine…
The Port of Oakland has announced that it has embarked on a path to emissions-free cargo operations. The ambitious target is at the heart of a draft air quality improvement plan sent out for public review June 29. It calls for reducing criteria…
Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed…
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million…
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year…
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will…
The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information Exchange and Research and Development (R&D).Since the commencement of the MoU in 2015…
The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies…
An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years, Canadian officials have pushed for an escalation in crude exports to rapidly growing Asian markets…
Frequency on the three-per-week container barge service between Fos and Lyon is to be increased to five departures each way, five days per week, from October 1 to meet growing demand for pre- and post-forwarding river links between the French Mediterranean and the Rhone-Saone hinterland…
After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm…
Russian steel producer Severstal does not expect the European Union's curbs on steel imports to have a substantial impact on its financial performance as its distribution mechanism is flexible, the company said on Wednesday.Severstal plans to…
Peel Ports’ flagship deep-water container terminal, Liverpool2, will welcome its largest regular caller to date when 2M (Maersk and MSC alliance) introduce a new transatlantic container service to the port beginning July 22, 2018.2M is switching…
The following table lists liquefied natural gas (LNG) cargoes set to be loaded on tankers for onward export.Spain is Europe's most diversified gas importer and has the continent's biggest LNG import capacity spread across its six terminals, sourcing LNG from Qatar…