The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.The uncertainty of the upcoming…
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse…
The Port of Los Angeles, the nation's busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.October imports dropped 19% to 392…
A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv's Eikon showed on Friday.The collection…
Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023…
BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.The service is intended to assist members…
The structure and technics at Kiel’s shunting station in Meimersdorf have been enhanced in such a way that freight trains with an effective length of 740 m (535 m before) can enter and exit the station as of now. On the occasion of an official ceremony taking place on November 7th…
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.An interim U.S.-China trade deal is widely expected to include a U…
U.S. oil export terminal operator Moda Midstream LLC said on Thursday it has begun to enhance its Moda Ingleside Energy Center (MIEC) in Ingleside, Texas, to allow the docking of larger-sized vessels.Moda has begun structural enhancements and dredging to Berth 5 and improvements to Berth 4…
Building on the pioneering legacy of the refrigerated container shipping industry’s first controlled-atmosphere system 25 years ago, Carrier Transicold has developed the next-generation EverFRESH system. Carrier Transicold is a part of Carrier…
Claus-Peter Offen Tankschiffreederei (GmbH & Co.) KG (“CPO Tankers”) has now been renamed ZEABORN Ship Management Tanker GmbH & Cie. KG (“ZEABORN Tankers”). The company is part of Bremen-based ZEABORN Group since June 2019 and has started trading under its new name with effect from November 4…
The Danish maritime service company VMS Group A/S expands into West Africa opening a workshop in Walvis Bay, Namibia. A favorable location combined with a rapidly growing offshore market and fishing fleet creates huge potential for a strong…
The Swedish container market had a slight downturn during H1 2019, with a 1% fall, but the Port of Gothenburg has reported a steady rise in both market share and volume.Between January and September this year, the figure stood at four per cent…
Venezuela's oil exports eased in October, but surpassed 800,000 barrels per day (bpd) for second month in a row, helping to drain an inventory buildup that had forced the OPEC country to cut output, according to documents and data.Since the…
On Saturday, November 2nd, the Massachusetts Port Authority (Massport) received two new rubber-tired gantries (RTGs), increasing the number of RTGs at the Paul W. Conley Container Terminal to 16. Adding equipment is part of an $850 million investment…