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EU and UK Clinch Narrow Brexit Trade Deal

Dec 24, 2020

Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire.The deal, agreed more than…

Port of Oakland Extends Project Labor Agreement

Dec 24, 2020

The Oakland Board of Port Commissioners have extended the Port's landmark project labor agreement (PLA) that increases East Bay hiring on Port-related capital projects. Negotiated in 2016, the PLA serves as a model for increasing the number…

No UK Port Problems So Far for Jaguar Land Rover

Dec 24, 2020

Luxury carmaker Jaguar Land Rover has not seen any impact so far from issues at UK ports, its parent Tata Motors said on Thursday, even as many countries cut transport ties with Britain due to a fast-spreading new variant of the coronavirus…

Baltic Index Marks First Yearly Gain in Three

Dec 24, 2020

The Baltic Exchange's main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic.The Baltic dry index, which tracks rates for capesize…

ONE to Charter World's Largest Containerships

Dec 24, 2020

Singapore-headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) said it has signed a letter of intent (LoI) with Japan's Shoei Kisen Kaisha, Ltd. for the 15-year charter of six new ultra large containerships (ULCS). The vessels…

Training Tips for Ships - Tip #19: Assess Always

Dec 24, 2020

In last month’s Training Tips for Ships, we spoke about the value of creating a culture of learning. Even though many organizations have yet to achieve a healthy learning culture, the concept itself is not controversial. The value is self-evident and universally understood…

Argentina Port Workers to Spend Christmas on Strike

Dec 24, 2020

Argentine oilseed workers and grains inspectors said on Wednesday they will spend Christmas on strike, further bogging down agricultural exports by extending a work stoppage that started on Dec. 9.The latest offer from the CIARA-CEC chamber…

Jiasheng Gas to Build $380M LNG Terminal in Jiangsu, China

Dec 24, 2020

China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said…

Iraq to Sign $2.625 Bln Port Contract with S.Korea's Daewoo

Dec 23, 2020

Iraq's government has agreed to sign a $2.625 billion contract with South Korea's Daewoo Engineering & Construction to build the first phase of a giant cargo port in the south of the country, a port manager said on Wednesday.The long-planned…

Global Cargo Logjam Deepens

Dec 23, 2020

Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture…

DP World to Build $1.1B Deep-water Port in Senegal

Dec 23, 2020

Global port operator DP World has signed agreements with the government of Senegal to develop a deep-water port at Ndayane worth a total of $1.127 billion, its biggest investment in Africa to date, the company said on Wednesday.DP World Dakar…

European Commission to Co-Finance Port of Algeciras LNG-Bunkering Vessel

Dec 23, 2020

The European Commission will co-finance the construction of the first vessel to be fully dedicated to liquefied natural gas (LNG) bunkering at the Port of Algeciras, Spain.The grant agreement was signed with Enagás and the Port Authority of Algeciras Bay on Tuesday…

Company in Focus: ShipMoney Helps to Enable Efficient Seafarer Pay

Dec 22, 2020

Stuart Ostrow developed ShipMoney as a means to make the process of paying crew more efficient and cost-effective for both vessel owner/operators and the crew. Little did he realize then that his company would be instrumental in helping seafarers during their greatest time of crisis…

Port of Oakland Set to Receive New Cranes

Dec 22, 2020

Towering new container gantry cranes currently en route to the Port of Oakland will be the tallest ever at the California seaport, and rank among the largest in the U.S.Stevedoring Services of America (SSA) is investing in the three giant cranes…

IMO Condemns Charterers’ 'No Crew Change' Clauses

Dec 22, 2020

The head of the United Nations' shipping agency has spoken out against “no crew change” clauses in charterparties, stating such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis…

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