Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources.Stirk started his new job this week, one of the sources said.He served as North Sea trader at Noble starting in July 2016…
Shipments of limestone on the Great Lakes totaled 28 million tons in 2017, an increase of 6.4 percent compared to 2016, the Lake Carriers’ Association (LCA) reported. 2017’s loadings were also 2.1 percent above the trade’s five-year average…
NYK president Tadaaki Naito called for promoting environmental issues and the utilization of IoT. 'I hope to advance the group’s activities with a focus particularly on the keywords 'green' and 'digitalization' this year,' he said. 'We are already making progress in both fields…
President & CEO of Mitsui O.S.K. Lines Junichiro Ikeda says that his company is strongly determined to shape the future of the industry. Looking at the shipping market, conditions were mixed across businesses, with firm conditions in dry bulkers but weaker trends in tankers…
DryShips, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of its fourth high specification very large gas carrier (VLGC) newbuilding. The VLGC will be employed under a fixed rate time charter…
Malaysian port operator Westports Holdings Berhad recorded FY17 container throughput of 9m TEUs which declined 10% YoY, in-line with our expectation of a poorer throughput outlook for the year. The decline was mainly due to drop in transhipment…
Oceaneering International, Inc. announced that its TerminalSmart platform can now be used to manage all liquid terminal product movements across the entire facility from the dock to tanks and pipelines. Proven at the dock where it has been…
Egypt's Suez Canal revenues rose to $5.3 bln in 2017 from $5 bln in 2016, a statement by the Canal authority said on Thursday.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency…
The Port of Portland has created another new option for moving container freight by way of a railway partnership at Terminal 6. Starting this week, shippers can move their product on a rail shuttle to the Puget Sound ports. The new service, in partnership with BNSF Railway…
Roy Amalfitano, Vice Chairman of Evergreen Shipping Agency (America) Corp., has been chosen by the New York/New Jersey Foreign Freight Forwarders and Brokers Association, Inc. to receive the 2018 Person of the Year Award. The award will be presented…
International law firm Ince & Co has advised port operators to expect a year of transformation in 2018, as shifting economic trends, trade flows and global demographic patterns, in tandem with changes in port ownership and ongoing investment…
TOP Ships, an international ship-owning company, announced that it has extended the time charter agreements with Stena Bulk AB (ex Stena Weco AS) by 12 months for M/T Stenaweco Energy and M/T Stenaweco Elegance and by 18 months for M/T Stenaweco Evolution and M/T Stenaweco Excellence…
The Chief Executive of the British Ports Association (BPA), Richard Ballantyne, has outlined the Association’s key priorities for 2018. These include continued interaction and influencing on the Brexit discussions, promotion of planning and freight policy reform…
Hong Kong's Hutchison Ports has acquired a 50% shareholding in Amsterdam-headquartered terminal and logistics operator TMA Logistics. TMA has a variety of general cargo terminal operations together with warehousing, shipping, logistics…
Matson, Inc. said its subsidiary Matson Navigation Company, Inc. has replaced one of its three barges dedicated to serving Hawaii's neighbor island ports with a newer, larger barge that will improve service levels. The container barge Columbia…