Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…
Maersk Oil Trading has leased oil storage space in Singapore, signalling a push by one of the world's biggest ship fuel buyers into the Asian bunkering hub ahead of changes to global fuel standards from 2020, trade sources said.Maersk Oil has taken storage at the Tankstore oil terminal in Singapore…
The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The port's fiscal year is October 1 to September 30…
Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…
Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.9 million tons in September, a decrease of 5 percent compared to a year ago, the Lake Carriers’ Association reported.However, shipments did outpace the month’s five-year average by 4…
The latest stage of a GBP 50 million (USD 65.44 mln) expansion of automotive trade at the ABP-owned Port of Southampton has begun, said a press release from the port.Work on the latest GBP 15 million multi-deck storage facility in the Eastern Dock will take 9 months and will create 3…
New calculations indicate that last year's trade agreement between the EU and Canada, the CETA agreement, has had a positive impact on trade between the continents and significantly increased exports from the EU to Canada. Shipping companies feel the effect of this…
The Port of Rotterdam Authority and Rotterdam Polymer Hub (RPH) signed an allocation agreement regarding a site for two halls for the storage and distribution of polymers.RPH will be the first logistics node in the Rotterdam port area to focus exclusively on the storage of polymers…
Stena Nordica entered service as the fourth ship between Karlskrona and Gdynia on Saturday, further increasing capacity on the route to meet growing capacity demand for freight and passengers.Previously, the route was operated with three RoPax vessels and one cargo vessel…
Australia's competition regular on Monday said that Port of Newcastle Operations Pty Ltd (PNO) must reduce its charges for ships entering the port to carry coal for global miner Glencore.The Australian Competition and Consumer Commission determined…
China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions, state-media China News reported citing a project manager from CNOOC.CNOOC will lift the storage tank facility of each of the four…
APM Terminals Maasvlakte II has set up a new rail shuttle to the Cabooter Terminal in Venlo. Under the new schedule, a total of three trains will be loading and unloading at this terminal every week.The trains will carry both import and export cargo…
PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V. Xin Hong Kong, which departed BMCT on 30 September 2018.Together with sister vessels from service partners CMA-CGM and Hapag-Lloyd…
The first contemporary riverboat in the U.S. is set to depart from the Port of New Orleans on October 6 for its inaugural cruise on the Mississippi River.The new vessel, American Song, is the flagship in a series of contemporary riverboats by operator American Cruise Lines…
The former Avondale Shipyard facility in Louisiana will be redeveloped into a logistics and intermodal hub under a joint venture group that took ownership of the shuttered shipyard today.The Avondale site, located just upriver from New Orleans…