Maritime News


China Completes Its Largest Port Oil Storage Facility

Aug 24, 2023

The third phase of China's largest single coastal oil storage facility has been completed and went into operation on Wednesday in Qingdao port, in the eastern province of Shandong, the state media outlet China News reported.The third phase of the Dongjiakou crude oil reserve has a total capacity of 1.2 million cubic meters, taking the combined capacity of the project to 5.2 million cubic meters, state media said…

US Regains Crown as World's Largest LNG Exporter

Sep 12, 2023

The U.S. regained its crown as the world's largest exporter of liquefied natural gas (LNG) in the first six months of this year, according to the U.S. Energy Information Agency (EIA).US exports of the superchilled gas, particularly to Europe…

US, Saudi Arabia, India Discuss Possible Rail, Port Deal

Sep 08, 2023

The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U…

Tanker Becomes Europe's First to Connect to Shore Power

Sep 06, 2023

The Swedish port of Gävle recently became one of the first in the world to successfully connect a tanker vessel to a shoreside electricity system.The shore power connection solution was provided by Cavotec, based on new standards drawn up in cooperation with other ports and operators…

Russia's Seaborne Diesel Exports on the Rise

Sep 05, 2023

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…

US LNG Exports Slip in August

Sep 01, 2023

U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts…

Kinder Morgan Says Idalia Caused Minimal Damage to Florida Terminals

Aug 30, 2023

Kinder Morgan KMI.N on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston area terminals later in the day.The U…

Great Lakes Wins Dredging Contract for Port Arthur LNG Project

Aug 23, 2023

Houston-based dredging contractor Great Lakes Dredge & Dock Corporation announced it has been awarded a dredging and disposal contract in support of the Port Arthur LNG Phase 1 project.Great Lakes has been contracted by Bechtel Energy, the engineering…

Shell Taps Goldman Sachs to Explore Singapore Refinery Sale

Aug 23, 2023

Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.The global energy major's new CEO…

Rotterdam's Gate LNG Terminal Throughput Capacity to be Expanded by 4 BCM

Aug 23, 2023

Throughput capacity at the Gate terminal for liquefied natural gas (LNG) in the port of Rotterdam will be expanded by 4 billion cubic metres (bcm) by 2026, its shareholders Gasunie and Vopak said on Wednesday.The expansion, which requires an investment of around 350 million euros ($380 million)…

Insurers Raise Premiums for Black Sea Tankers as Tensions Mount

Aug 23, 2023

Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as 'war risk premiums', four traders said.A war risk premium was added to the common insurance costs for…

Gazprom's First LNG Cargo via Arctic Destined for China's Jingtang

Aug 23, 2023

A liquefied natural gas (LNG) cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.The Velikiy Novgorod tanker was loaded at the Portovaya LNG plant on the Baltic Sea on Aug…

German Government to Examine Finances of Private LNG Operator

Aug 17, 2023

The German government will examine the finances of Deutsche ReGas, the operator of a planned liquefied natural gas (LNG) terminal on the Baltic coast opposed by local authorities, it said in a response to a lawmaker seen by Reuters on Thursday…

APM Terminals Pipavav Commences VLGC Operations

Aug 14, 2023

APM Terminals Pipavav (GPPL - Gujarat Pipavav Port) has officially kicked off very large gas carrier (VLGC) operations with the maiden berthing of Great Eastern Shipping Company's 230 meters long Jag Viraat earlier this month.The VLGC loaded cargo from Ruwais…

Singapore Bunker Sales Rebound as Container Throughput Firms

Aug 14, 2023

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator…

Logistics News

BSG Acquires Maritime Software Company

BSG Acquires Maritime Software Company

US' MARAD Announces Grants to Boost Supply Chain Efficiency

US' MARAD Announces Grants to Boost Supply Chain Efficiency

PortLiner to Construct Electrolyte Bunkering Station in Hartelkanaal

PortLiner to Construct Electrolyte Bunkering Station in Hartelkanaal

Rotterdam and Singapore Ports Team Up to Slash Emissions

Rotterdam and Singapore Ports Team Up to Slash Emissions

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