Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.The NOC had not…
Indonesia's state owned energy holding company, Pertamina, has decided not to go ahead with what would have been the country's second land-based receiving terminal for liquefied natural gas (LNG), its chief executive said on Monday.Indonesia has forecast sharp increases in gas demand after 2020…
Members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have announced a services update regarding their Trans Pacific - West Coast products in response of schedule integrity improvement, extensive product enhancement and better cost efficiency…
As Chinese ports, shipping lines and authorities strive to reduce emissions from shipping, Cavotec's shore power technologies are helping achieve this goal.Cavotec engineers recently commissioned a self-propelled, battery-powered shore power solution…
You might call 2017 a banner year for California ports. San Pedro Bay, home to the nation's leading twin ports of Los Angeles and Long Beach exceeded their pre-recession peaks. Collectively, San Pedro Bay was up 7.2% from its 2006 peak. It took…
Port of Oakland Executive Director, Chris Lytle, called for strengthened business ties with Japan. Addressing visitors from the Japanese Port of Hakata, Lytle listed opportunities for growth at sea and in the air.“It’s extremely critical for us to have good…
On July 3, 2018, the Port of Beaumont formalized the purchase of the former Chicago Bridge & Iron fabrication facility located at 850 Pine Street, Beaumont, Texas for $8.25 million. To facilitate the growth of the property, the Port of Beaumont…
The Australian port solution provider Qube Ports will shortly receive its eighth mobile harbour crane from Liebherr. Now they also placed an order for their ninth LHM. Qube, the giant Australian logistics supplier with services and facilities in 28 Australian ports…
Turi Fiorito has been appointed as new Director of the European Federation of Inland Ports (EFIP). He will take up his function on 20 August, 2018. Turi Fiorito comes with a solid background in EU policy making and transport, having worked…
S&P Global adjusted their ranking on Panamanian infrastructure, including the Panama Canal Authority, from ‘stable’ to ‘positive.’ Two years after the inauguration of the Expanded Panama Canal, Standard & Poor's (S&P) Global Ratings revised…
Following three months of static air freight prices, they are finally moving again. The catalysts are seasonal changes in airplane assignments, looming European factory closures, and Amazon Prime Day. Meanwhile, ocean freight rates are now…
Germany’s Hamburger Hafen und Logistik AG (HHLA) has completed the acquisition of Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled…
The risk to container shipping from US-led trade wars is currently low, but potentially very damaging, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry.“In the March report we said that we were hopeful of a peaceful resolution…
Konecranes recently commissioned the mobile harbor crane in in the new terminal of SIR in Brindisi, Italy, where it will handle coal destined for power generation in continuous-duty operation. SIR srl (SIR), a leading provider of industry-related environmental services…
As the UK Cabinet prepares for an away day’ at Chequers this week, the British Ports Association (BPA) has urged Ministers to agree a proposal that will ensure goods continue to flow uninterrupted between UK and EU ports post-Brexit. Commenting…