Sovcomflot’s three unique Arctic shuttle tankers, of the Shturman Albanov series, have now transported one million tonnes of crude oil produced at the Novy Port oil and gas condensate field, from the Gulf of Ob (Kara Sea) to the port of Murmansk…
In terms of global economic recovery, 2016 has been the year with the lowest GDP growth rate since the financial crisis began in 2009. Amongst many landmark events, the slowdown for GDP growth in 2016 stemmed from weaker US activity in the first half of 2016…
Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the 'Cuban dictatorship.'The news comes as Cuba watchers…
The American Association of Port Authorities (AAPA) – the recognized and unified voice of America’s seaports – is encouraged by the release yesterday of the infrastructure investment outline by Senate Minority Leader Chuck Schumer (D-NY) and Senate Democrats…
New synergies are being created at Radicatel in the port precinct of HAROPA - Port of Rouen. The Radicatel logistics eco-system, recently consisting of the SEATRADE shipping line and the KATOEN NATIE Group, has now been further consolidated with the arrival of the PANHARD Group…
More than 4 million barrels of Venezuelan crude oil and fuels are stuck in tankers in the Caribbean because Venezuela’s state-run oil firm cannot afford to pay for cleaning dirty tankers and port inspections, Reuters reports, quoting internal company reports and Reuters tanker tracking data…
Eletson Gas and Evergas announced an alliance of the two companies that will trade the companies’ semi-ref/ethylene capable vessels. The new venture, to be called the E3 Pool, will commence trading on the 30th of January from the Eletson…
The Board of Directors of Matson, Inc., a U.S. carrier in the Pacific, today declared a first quarter dividend of $0.19 per common share. The dividend will be paid on March 2, 2017 to all shareholders of record as of the close of business on February 9, 2017.
The EU sponsored R&D project CORE (Consistently Optimized REsilient Secure Global Supply-Chains) began in 2014. Along the way, it analyzes the use of EGNOS and Galileo for the intermodal transport of dangerous goods, assessing its ability to deliver optimum safety…
At its first meeting of 2017, the newly seated St. Louis County (SLC) Board appointed two new commissioners to the Duluth Seaway Port Authority—Patrick Boyle and Pete Stauber. They will complete remaining terms of former commissioners Chris Dahlberg and Steve Raukar…
Hiab, part of Cargotec, has appointed Scott Hall as Senior Vice President, Sales & Services as of 24 January 2017. Scott Hall will lead Hiab's global Sales & Services function and drive sales and services excellence across Hiab's global network…
Cosco Shipping Holdings (CSH)has announced that its profit for 2016 will be below that of 2015, reports Reuters. The container shipping arm of state-owned China Cosco Shipping Corp expects to post a net loss of 9.9 billion yuan ($1.44 billion) for 2016…
Cosco Shipping Ports has signed a memorandum of understanding (MOU) with CMA Terminals Holding in Shanghai. The two parties have agreed to seek cooperation in ports worldwide and preference will be given to ports that the Ocean Alliance calls…
The port of Kiel is extending its services in combined traffic with a new direct train connection between Kiel and the Adriatic port of Trieste in Northern Italy. “This is a milestone for Kiel as a logistics hub,” said Dr. Dirk Claus, Managing Director at PORT OF KIEL…
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S…