South Carolina Ports Authority's 2018 fiscal year container volume through November grew 2.5 percent compared to last year, with 886,414 20-foot equivalent container units (TEUs) handled by the Port of Charleston since July. The port moved 163…
Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region's major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week…
Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group. The partnership, which strengthens the commitment by V…
Industry veteran Patrik Ziegler has been appointed Managing Director of GAC North America – Logistics (GNAL). He brings to the role more than 30 years’ experience in logistics and oil and gas. In his new role, Ziegler is tasked with overseeing…
India has raised the effective import duty on petroleum coke to 10 percent from 2.5 percent, according to a government order, days after the government told a court it was in favour of curbing the use of the dirty-burning fuel.The duty has…
The Québec Port Authority (QPA) announced plans to build a new $400 million container terminal as the port seeks to offer a competitive alternative in the St. Lawrence–Great Lakes market. In a speech to the Québec City Chamber of Commerce and Industry…
French shipping line CMA CGM Group has launched “SERENITY by CMA CGM”, designed to help clients deal with and be better protected from unforeseen events during freight transport. Elie Zeenny, Vice President in charge of Development Projects…
The Foundation Det Norske Veritas (DNV) assumes full ownership of DNV GL and remains committed to Maritime headquarters in Hamburg. Stiftelsen Det Norske Veritas (The Foundation) and Mayfair announce the sale of Mayfair’s 36.5% shares in DNV GL Group AS to DNV Holding AS…
The Prime Minister of India, Narendra Modi commissioned INS Kalvari (S-21), the first of the six Scorpene class submarines built under Project 75 (Kalvari Class) into the Indian Navy at an impressive ceremony held at Naval Dockyard, Mumbai on 14 December 2017…
The Maritime and Port Authority of Singapore (MPA) has injected another S$12 million (US$8.9 million) to boost liquefied natural gas (LNG) bunkering in the Port of Singapore. Half of this S$12 million has been set aside to co-fund the building…
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced today that it has taken delivery of four 2008-built Panamax containerships. These vessels are employed on charters with a net daily charter rate of $27…
After evaluating performance in 2017, the German shipping line serving sectors such as pharmaceuticals, the automotive industry and the technology sector in Mexico expects maritime shipping volumes to experience double-digit growth in 2018 and foresees a continuous increase in cargo volumes…
Safe Bulkers, an international provider of marine dry-bulk transportation services, announced today that it has acquired a 92,000 dwt, South Korean 2010 built, dry-bulk, Post-Panamax class vessel at an attractive price. The vessel is a…
The Harris Pye Engineering Group, global specialists in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas, and associated onshore industrial sectors, has been acquired by the Joulon Group. Joulon was created in partnership with KKR…
Chevron Shipping Company president Mark Ross has been appointed as chairman of the Oil Companies International Marine Forum (OCIMF). The OCIMF Annual General Meeting voted on Tuesday to support the Executive Committee’s appointment of Ross…