Latest News - page 559

 

KOTUG Wins Big in Port Hedland

Sep 30, 2019

With the successful start an important milestone has been reached in the execution of the contract to operate the tugboat fleet for Fortescue Metals Group (Fortescue) in Port Hedland, a bulk export port on Australia´s west coast. The fleet consists of eight new ART 85-32W and one RT80-32 Rotortugs…

New Report on Future for River Thames

Sep 30, 2019

A new report jointly produced by the Port of London Authority (PLA) and Greater London Authority (GLA) says a new vision could maximize the contribution the River Thames makes to culture in the UK capital. ‘’ sets out how clear direction could…

Oil Tankers Fire Injures 10 in S.Korea

Sep 30, 2019

A fire that spread across two oil tankers in a South Korean port injured 10 people on Saturday, coastguard and fire officials said, adding the blaze had largely been put out.An explosion occurred on the Stolt Groenland, a 25,000-tonne, Cayman Island-flagged oil tanker…

Oil Prices: Chinese Data Eases Concerns

Sep 30, 2019

Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month, easing concerns about demand amid the ongoing trade war with the U.S. Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT and U…

P&O Ferries Invests In Next-Gen Ferries

Sep 30, 2019

P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024…

Keppel Sells Logistics Units to Sinotrans

Sep 29, 2019

Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million…

Hapag-Lloyd Expands Indian Services

Sep 29, 2019

German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services.'In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services…

Scorpio Buys 19 Tankers from Trafigura

Sep 29, 2019

Monaco-based petroleum products shipping firm Scorpio Tankers has signed a deal to acquire 19 product tankers from Trafigura Maritime Logistics for around $803 million.The acquisition of the leasehold interest in the vessels includes a finance…

Enhanced Vessel Tracking via Oceans X

Sep 27, 2019

Oceans X is a new web-based platform that allows a wide variety of users such as port agents, bunkers suppliers, port chandlers, port authorities, banks and others to track and monitor tankers and dry cargo vessels globally and in real-time…

Containership Strikes Tanker in Greece

Sep 27, 2019

Japanese carrier Ocean Network Express (ONE) confirmed reports that its chartered containership ONE Blue Jay came into contact with a chemical tanker near Port of Perama, Piraeus, Greece, at around 2 p.m. local time on Thursday.'There are no reports of pollution from ONE Blue Jay…

Oil Freight Rates Rocket After U.S. Sanctions COSCO

Sep 27, 2019

Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…

Brittany Ferries: No-Deal Brexit Support

Sep 27, 2019

Brittany Ferries has said the company is “ready, willing and able to assist” the UK government with Brexit freight capacity requirements following confirmation that the company is one of eight firms that have been appointed to the freight procurement framework…

Wallenius Wilhelmsen CEO Supports Diversity

Sep 27, 2019

Craig Jasienski, President & CEO of international RoRo shipping and transportation logistics specialist Wallenius Wilhelmsen, recently appointed as a member of the Women’s International Shipping & Trading Association (WISTA), has stated that…

Gulf Marine Services Signs Banks Waiver

Sep 27, 2019

Offshore contractor Gulf Marine Services has signed a waiver agreement with banks relating to covenants to be tested with reference to the company’s half-year financial results in an agreement that will provide GMS with a rollover of its existing $25 million working capital facility…

Container Rates Fall Due To Overcapacity

Sep 27, 2019

According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company…

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