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Kogas, EVC Pact for Vietnam LNG Terminal

Jul 25, 2019

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…

Panama Canal Hearing on Tolls Structure

Jul 25, 2019

The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries from the industry.The agency of the government of Panama responsible for the…

DP World to Build $1.2B Port in Indonesia

Jul 25, 2019

DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics park in East Java.It is the first joint venture of its kind in the Indonesian…

Chabahar Port Signs 11 Investment Contracts

Jul 24, 2019

Chabahar Port, the seaport located in southeastern Iran, on the Gulf of Oman, has signed 11 investment contracts.Considering this, it is expected that by the end of this year significant investments will be made in this port,  said the Director…

Durres Port H1 Cargo Traffic Up 11%

Jul 24, 2019

Albania's largest sea port of Durres handled 11% more goods during January-June this year  (H1 2019), than the same period of 2018, said Durres Port Authority (DPA).The DPA Statistics Sector noticed that over the first six months of 2019, more…

Port of Sines Receives Milan Maersk

Jul 24, 2019

Port of Sines, the first largest artificial port of Portugal, said that its Terminal XXI received, on July 21, the call of “Milan Maersk”, one of the world’s largest container ships, with capacity for 20.568 TEU (20 feet containers).'This is…

Brazil: No Trade Impact to Iran Shipping Impasse

Jul 24, 2019

Brazil's foreign trade secretary Lucas Ferraz said there are no signs that the impasse involving Iranian ships without fuel near Brazilian ports will affect bilateral trade relations.So far, Ferraz said, there has been no impact on Brazilian exports to Iran…

Baltic Index Falls on Sliding Capesize Rates

Jul 24, 2019

The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run.The Baltic index, which tracks rates for ships ferrying dry bulk commodities…

Marseille Fos Accelerates Air Emissions Cuts

Jul 24, 2019

Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor…

Kick Off for Elbe River Dredging

Jul 24, 2019

Hamburg has announced the works for the adjustment of the fairway have started. With the arrival of the hopper dredger “Scheldt River” the deepening and widening works of the river Elbe have officially kicked off.The port is already megaship…

FarSounder Hires Minogue

Jul 24, 2019

FarSounder has announced Richard Minogue as Office & Finance Administrator. He will work closely with the CEO on accounting, corporate contracts, and human resources, in addition to providing administrative support to the FarSounder team.Minogue…

Port of Virginia Completes $320M Expansion

Jul 24, 2019

Governor Ralph Northam announced the completion of the Port of Virginia’s $320 million expansion at the Virginia International Gateway container terminal. The Governor was joined by U.S. Maritime Administrator Rear Admiral Mark Buzby, Virginia Secretary of Transportation Shannon Valentine…

Bahri Reports 1H Growth

Jul 24, 2019

The National Shipping Company of Saudi Arabia (Bahri) has posted revenues‏ ‏of SAR‏3.14 billion ($840million) for the first half of 2019, despite regional difficulties.The Riyadh-based transportation and logistics company reported revenue growth…

Great Lakes Region Creates 132K+ Maritime Jobs

Jul 24, 2019

According to a new study conducted by PricewaterhouseCoopers (PwC) on behalf of Transportation Institute (TI), the Jones Act continues to fuel a strong maritime industry throughout the Great Lakes region, where the PwC report shows 123,670 Jones…

Elbe Fairway Dredging Begins

Jul 23, 2019

The deepening and fairway widening program on the Elbe River officially launched yesterday (July 23).'The adjustment of the Elbe fairway will offer much better connections between the Port of Hamburg and the global flow of goods,' said Dr. Maximilian Rothkopf…

Current News

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