Under the Government of India’s Sagarmala Program to promote port-led development, a master plan has been formulated for the 12 Major Ports. 142 port capacity expansion projects with an estimated cost of INR 91,434 Crore (USD 14.3 billion)…
Federal Maritime Commissioner William P. Doyle issued a statement addressing THE Alliance’s filing of an amendment to add further detail to protections in the event of an insolvency. I am pleased that The Alliance is seeking Federal Maritime Commission authority to form…
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all U.S. Coast Guard members and their families, announced that in 2017 it has awarded a record 166 new scholarships. Combined with 10 multi-year scholarship recipients and three Fallen Heroes Scholars…
July container volumes at the Unites States’ busiest port climbed by 16 percent compared to July 2016 volumes: 796,804 twenty-foot equivalent units (TEUs) came through the Port of Los Angeles, the busiest July in the port’s 110-year history…
The Georgia Ports Authority (GPA) said it moved 2.33 million twenty-foot equivalent container units for the calendar year through July, up 10.8 percent, or an additional 230,000 TEUs. 'It is through the incredible efficiency and productivity…
Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vessels. The index, which factors in rates for capesize…
Commodities trader Noble Group reported a second- quarter loss of $1.75 billion on Thursday, weeks after warning it faced its steepest quarterly loss in a year and a half and would slash jobs and sell assets to cut debt. Once Asia's largest commodities trading house…
Argentina's government published a decree on Thursday eliminating or reducing tariffs on imports of used equipment for oil and natural gas companies, a measure long sought by the industry, but it included requirements to buy some locally produced goods…
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities…
Online freight forwarding company iContainers has urged the freight forwarding industry to embrace technology. “As shippers press on with their demand for speed, transparency, and efficiency, the freight forwarding strives hard to find a quick enough and appropriate response…
Game-changing turbine foundations and one of the world’s largest floating cranes to be marshaled at harbor for Vattenfall’s European Offshore Wind Deployment Center Peterhead Port Authority is set to support the start of offshore construction…
While inclusion with the International Association of Top Professionals is an honor in itself, only a few members in each discipline are chosen for this distinction. These special honorees are distinguished based on their professional accomplishments…
McAllister Towing announced the arrival in N.Y. of the tug Capt. Brian A. McAllister, the first EPA Tier IV tug on the U.S. East Coast according to the company. Capt. Brian A. McAllister is powered by 3516E Tier IV Caterpillar engines with twin Schottel SRP4000FP units…
Global Bulk Terminals market is expected to grow from $5.20 billion in 2016 to reach $7.41 billion by 2023 with a CAGR of 5.1%, said Forecast Research Study. Rising demand from industrial output, increasing usage of bulk commodities and…