Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity…
A Storm Surge Watch is in effect for: Mouth of the Pearl River to Intracoastal City. A Hurricane Watch is in effect for: Mouth of the Mississippi River to Cameron. A Tropical Storm Watch is in effect for: Mouth of the Mississippi River northward to the Mouth of the Pearl River…
Britain's government on Thursday said all new ships ordered from 2025 and aimed for its waters must be equipped with zero emission technology, as part of a new plan to cut maritime pollution.Britain last month announced a target to reach net zero greenhouse gas emissions by 2050…
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to 'de-escalate the situation in the region' after the British Heritage…
The Port of Los Angeles moved 764,777 Twenty-Foot Equivalent Units (TEUs) in June, the busiest June in the Port’s 112-year history.The month marked the end of Fiscal Year 2018-19 in which the Port moved 9,688,252 TEUs, a 5.7 percent improvement over the previous fiscal year…
South Carolina Ports Authority (SCPA) handled record cargo volumes at the Port of Charleston in fiscal year 2019.SCPA handled nearly 2.4 million twenty-foot equivalent container units (TEUs) from July 2018 through June, an 8.8% increase in annual TEU container volume…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected…
Important training need? A quick video may be the answer!Have you ever witnessed a mariner performing a task poorly or unsafely? Possibly day-to-day confined space entry? A commonly misapplied or misunderstood ColReg? Inattentive watchkeeping…
Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition…
Invest 92-L, which may become Tropical Storm Barry by Thursday, is becoming better organized this morning as satellite imagery and surface weather observations indicate that a circulation seems to be developing over the northeastern Gulf of Mexico…
Dan-Bunkering (Sydney) announced the hiring of Sean James Butler as Senior Bunker Trader as of May 2019.Butler was born and raised in Sydney but has been working in Europe and Melbourne for a number of years before returning to his hometown to work for Dan-Bunkering…
ALMACO has supplied the galley equipment and provision stores onboard the new expedition ship Roald Amundsen, named after the famous Norwegian polar explorer, delivered this past June. This was the first of Hurtigruten’s new nature-oriented…
The Jacksonville Port Authority (JAXPORT), the No. 1 port by container volume in the State of Florida, has announced that transportation industry professional Lisa Wheldon has joined the organization as Director, Cargo & Intermodal Rail. Wheldon…
Newbuilding UpdateThe highlight for newbuild orders in the last 12 months must certainly be HMM’s mammoth order back in September 2018. The South Korean company placed en bloc orders at three top South Korean yards for almost $3 billion in total…
Export Control Lists Include Key Marine Tech Categories Each year, the U.S. Department of Commerce receives thousands of inquiries from businesses looking to export, many of which involve licensing questions. The Commerce Department’s Bureau of Industry and Security (BIS)…