Greek shipping company Tsakos Energy Navigation (TEN) announced new charters for two LNG carriers, the Neo Energy and the Maria Energy to significant international energy concerns for an aggregate period of 36 months. The total gross revenues from these two fixtures…
A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter…
Croatian shipping company Tankerska Next Generation (TNG) has fixed out another of its MR tankers on a period charter.The conventional ice class product tanker MT Velebit has secured one year contracted employment with immediate effect, it said in a press release…
Maritime contractor Bernhard Schulte Shipmanagement (BSM) is considering to stop managing Venezuelan state-oil company PDVSA's tankers by the end of this month or in April following U.S. sanctions against the country, BSM said on Thursday.It…
Roll Group has been awarded a contract to transport 24 modules for the Total Ethane cracker project in the USA. The transport will cover seven single voyages, using both RollDock and BigRoll vessels. The services and expertise of Roll-Lift will…
Democrats in the U.S. House of Representatives gave a cool reception to the replacement for the North American Free Trade Agreement on Wednesday as the top U.S. trade negotiator opened a campaign to win broad support for the accord in Congress…
French shipping company CMA CGM has signed a letter of intent to form a new joint venture with Ethiopian company MACCFA and to manage Ethiopia's Modjo port, according to a document made available by the French President's Elysee department.Marseille-based CMA CGM…
Volume growth will continue for ports throughout the world but at a more modest pace over the next 10 years, according to Fitch Ratings in a new report. Global port throughput has shown resilience over the last 10 years with throughput growth…
Scorpio Bulkers announced that the company has entered into agreements to sell two Kamsarmax vessels for $48 million and provided an update to Time Charter Equivalent (“TCE”) rates for the first quarter of 2019.Vessel SalesThe company has entered…
Emergency overflow parking spaces for up to 700 trucks have been created near Rotterdam port, Europe's largest, in anticipation of backups caused by Britain's departure from the European Union.Authorities in the Netherlands said on Monday they…
U.S. investment firm Blackstone Group LP said on Sunday that funds affiliated with Blackstone Infrastructure Partners invested in Carrix Inc, the largest marine terminal operator in the United States and the Americas.The company did not disclose the terms of the transaction…
With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the…
MacGregor, part of Cargotec, has secured orders to provide port, cruise access and equipment for RoRo/Passenger (RoPax) ferries from Europe and China. The total order value is approximately $24.7 mln. The orders were booked into Cargotec's first quarter 2019 order intake…
The Chinese government's top diplomat, State Councillor Wang Yi, said on Friday that trade talks with the United States had made substantive progress, and that the two countries' relations should not descend into confrontation.Speaking at a…
Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime firm Bernhard Schulte Shipmanagement (BSM), even after the German firm said it would remove the crews that have been operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers…
