Libyan state oil firm NOC said efforts were being made to lift a blockade of its major ports and oilfields but could not say when this might happen, its chairman Mustafa Sanalla said on Monday.He also said NOC was giving priority crude allocation to its Zawiya refinery…
U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.Trump said Argentina, Australia…
Estonian shipping company Tallink Grupp said that its vessel Silja Europa has set sail to Turku Repair Yard in Naantali, Finland for scheduled maintenance and planned renewal works that would make the ship more environmentally friendly.The 1993…
The German shipping company United Heavy Lift (UHL) Hamburg has taken over a modern Heavy Lift fleet of nine eco-friendly F900 newbuildings.The vessels each have a cargo capacity of 14,100 dead-weight tonnes and are capable of lifting loads of up to 900 tonnes…
Belgium-headquartered manager of specialized floating assets Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.The…
The Nordic energy company Gasum said its LNG bunkering vessel Coralius has successfully performed its 200th ship-to-ship LNG bunkering operation.The vessel receiving the LNG fuel was Fjord Line’s MS Stavangerfjord. The bunkering took place while…
Germany's largest port, the Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.From April, the Ocean Alliance NEU 5 service handled by EUROGATE Container Terminal Hamburg – CTH is being transferred to Antwerp…
Danish shipping companies have signed a charter that obliges them to actively focus on gender equality, as part of country's new initiative aimed at increasing the share of women in the shipping industry.Just under 20,000 men and just over 3…
Port of Green Bay reports continued growth in 2019.The 2019 shipping totals were the highest since 2007 during a period that saw the highest tonnage in the past 30 years; 2006 saw 2.55 million tons shipped through the port. The common denominator during both periods of time is a robust economy…
The Wuhan coronavirus outbreak has placed the shipping industry on high alert amid a rising death toll in China and reports that the fast-spreading illness is reaching new shores.The flu-like coronavirus, first identified in Wuhan, Hubei Province…
The Baltic Exchange's main sea freight index fell to an over three year low on Friday, with the capesize segment marking its biggest weekly loss since March 1999.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Qatari sea port operator QTerminals has won a concession tender to develop and operate Ukraine's Black Sea port of Olvia, Ukrainian Prime Minister Oleksiy Honcharuk said on Friday.QTerminals, a joint venture between state-owned Qatar Ports Management…
Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction…
After nine months of dredging, Jan De Nul Group has reached an important first milestone by completing the deepening of the 95 km long access channel to the port in record time.The Municipality of Guayaquil (Ecuador) officially inaugurated its newly deepened maritime access channel last weekend…
The big Irish Atlantic oil and gas ambitions of Europa Oil & Gas Plc faced a setback as an unnamed sector ‘major’ walked away from farm-out talks Europa for three wholly-owned frontier exploration licences off Ireland.'The major has now informed the company that…