Contracts News

 

St. Croix Upgradess with New Lake Assault Boats Craft

Aug 13, 2019

The St. Croix County Sheriff’s Office in Hudson, Wisconsin, earlier this summer took delivery of a Lake Assault Boats rigid hull inflatable boat (RHIB). The new boat enhances the office’s patrol capabilities and water-based emergency rescue operations on a 27-mile stretch of the St…

Trafigura in Fuel JV with Frontline, Golden Ocean

Aug 13, 2019

Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean to set up a company to supply shipping fuels ahead of a shake up in regulations next year which could disrupt fuel delivery and cause prices to spike.The three…

Port of Los Angeles Reports Record July TEUs

Aug 12, 2019

Volumes Increase 9.4% Compared to Previous Year.For the fourth consecutive month, the Port of Los Angeles has set a new single-month cargo record. In July, the Port moved 912,154 Twenty-Foot Equivalent Units (TEUs), the busiest July in the Port’s 112-year history…

Baltic Index Rises on Capesize, Panamax Rates

Aug 12, 2019

The Baltic Exchange's main sea freight index rose on Monday, supported by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 26 points, or 1.5%, to 1,774 points…

New ABB CEO: Committed to the Next 5 Years

Aug 12, 2019

New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.Age or nationality was also not an issue in appointing the 60-year-old Swedish executive, Voser told reporters…

China Fixes First U.S. Crude Cargo Since Latest Tariff Threat

Aug 09, 2019

Chinese oil trader Unipec chartered a supertanker to ship U.S. crude to China in September, trading sources said, the first such cargo since U.S. President Donald Trump announced additional tariffs on Chinese import, ending a monthlong trade truce…

Ponant to Acquire Paul Gauguin Cruises

Aug 08, 2019

Adding access to exciting itineraries and experiences for passengers of both brands.PONANT, the world leader of luxury expeditions to locations that only small ships can navigate, has announced its plan to acquire PAUL GAUGUIN CRUISES, the renowned…

Retail Imports at Near-Record Levels Despite Tariffs

Aug 08, 2019

Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report…

Matson Announces Q2 2019 Results; Lowers FY2019 Outlook

Aug 07, 2019

Matson reported net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Net income for the quarter ended June 30, 2018 was $32.6 million, or $0.76 per diluted share. Consolidated revenue for the second quarter 2019 was $557…

HDR to Lead $870M Rail Project at PoLB

Aug 07, 2019

The Port of Long Beach, one of the greenest ports in the world, has selected HDR to perform the final design as it moves ahead with its $870 million effort to streamline rail operations and reduce bottlenecks at the second-busiest container port in the U…

Port Manatee wins $1.4 million for Port Security

Aug 07, 2019

Port Manatee has been awarded $1,425,000 in federal funding to advance three projects to bolster security at the fast-growing Central-Southwest Florida Gulf Coast port.“Port Manatee greatly appreciates federal support of our efforts to ensure safe…

Softer Capesize Demand Drags Down Baltic Index

Aug 06, 2019

The Baltic Exchange's main sea freight index fell for an eleventh straight session on Tuesday to nearly one-month lows, pushed down by lower rates for capesize vessels due to sluggish demand in both Atlantic and Pacific regions.The Baltic index…

Port of Oakland Ready for Peak Season

Aug 06, 2019

Uncertainty clouds the peak season container shipping outlook with more threatened tariffs on Chinese imports to the U.S. looming.  But the Port of Oakland said today that there’s no uncertainty about handling the annual August-November cargo rush…

Oldendorff Chooses PAS ε-ORB Software

Aug 06, 2019

Cyprus-based maritime technology & marine risk prevention firm Prevention at Sea Ltd has been awarded a contract from Oldenorff Carriers for switching from the traditional paper Oil Record Book to ε-ORB (electronic Oil Record Book).Oldendorff…

NWSA Issues RFP for Terminal 46 Cargo Ops

Aug 06, 2019

Terminal 46 on Seattle's working waterfrontThe Northwest Seaport Alliance is now accepting proposals for Terminal 46, a 50-acre deep-water marine terminal.Strategically located on the Seattle waterfront with convenient access to major road and rail infrastructure…

Logistics News

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

Panama Canal Administrator Outlines the Waterway’s Evolving Role in Global Trade

Pembrokeshire College: Curriculum Development Manager Recognized for Contributions

Pembrokeshire College: Curriculum Development Manager Recognized for Contributions

USTR Port Fees Contrasted With Supply Growth Sound the Alarm for Car Carriers in 2026/27

USTR Port Fees Contrasted With Supply Growth Sound the Alarm for Car Carriers in 2026/27

Aptamus Picks Aker Solutions’ Entr for LCO2 Terminal Engineering

Aptamus Picks Aker Solutions’ Entr for LCO2 Terminal Engineering

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Sources say that the US Virgin Islands is considering a new registry for ships.
Chinese exporters are preparing to move goods to the US as soon as trade talks start.
Asian spot LNG prices are rising but Chinese demand is still muted