Latest News - page 177

 

As Australian LNG Strike Looms, Impact Limited ... for Now

Aug 21, 2023

The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel.Unions at Woodside Energy Group's…

Russia Ships Naphtha to China via North Sea Route

Aug 21, 2023

Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37…

Interferry to Co-host European Shipping Summit

Aug 21, 2023

Interferry – representing more than 270 companies and some 1,200 individual members from over 40 countries – is co-hosting a workshop at next month’s European Shipping Summit in Brussels to stress the importance of shifting more goods transport from road to short sea services…

Historic Drought, Hot Seas Slow Panama Canal Shipping

Aug 21, 2023

Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers…

Ukraine May Use New Black Sea Route for Grain Shipments

Aug 21, 2023

Ukraine is considering using its newly-tested wartime Black Sea export corridor for grain shipments after other cargo ships follow the first successful evacuation of a vessel on the route last week, a senior agricultural official said on Monday…

APMT Pipavav Handles Over 200 Port Moves Per Hour

Aug 21, 2023

APM Terminals Pipavav has shattered its previous records by successfully achieving over 200 port moves per hour (PMPH) on a single vessel for the first time in the history of its operations.On August 17, 2023, the port, located on the coast of Gujarat…

NYK Takes Stake in Vehicle Terminal Business in Indonesia

Aug 21, 2023

NYK has acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban. The shares were acquired from Toyota Tsusho Corporation, and registration was completed on August 18…

Australia and California Agree to Cooperate on Climate Action

Aug 21, 2023

The governments of Australia and California have signed a new Memorandum of Understanding (MoU) to accelerate shared efforts to deliver climate action and support clean energy transition.California is the fifth-largest economy in the world,…

Victoria International Container Terminal Expands Crane Fleet

Aug 21, 2023

Victoria International Container Terminal (VICT) at the Port of Melbourne, Australia’s first fully automated container terminal, is expanding its equipment fleet with the addition of six new automated stacking cranes (ASC).Purchased as part of VICT’s ongoing expansion project…

GQG Partners Buys Additional Stake in Adani Ports

Aug 20, 2023

Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday.GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0…

US Imports of Auto Parts Scrutinized Over Chinese Forced Labor

Aug 20, 2023

Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources…

Iranian Oil Cargo Being Unloaded After Long Delay

Aug 20, 2023

A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed.Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston…

Energy Transfer Seeks New LNG Export License After Extension Denied

Aug 20, 2023

Pipeline operator Energy Transfer on Friday requested a new and expedited export license for its proposed Lake Charles, Louisiana, LNG plant, according to a filing with the U.S. Department of Energy (DOE).The department in May had refused a…

DP World Posts 10% Fall in H1 Profit, Flags Uncertain Trade Outlook

Aug 18, 2023

Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9…

Great Lakes Awarded Lower Miss Dredging Contract

Aug 18, 2023

Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers' New Orleans District for Mississippi River dredging in Plaquemines, La.Great Lakes was one of two bidders for the project…

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