Dubai's DP World will spend at least $250 million buying back some shares in its Australian port terminals business which it sold in 2010, a company spokeswoman said on Wednesday.DP World will buy the shares from Corsair Infrastructure Partners'…
The Port of Rotterdam Authority and Rotterdam Port Promotion Council (RPPC) will once again be prolonging their partnership for another four-year term.Port Authority CEO Allard Castelein said: “We have been working together for many years. Time and time again…
Energy logistics provider Peterson announced Monday it has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources U.K.The contract sees Repsol Sinopec transitioning their marine and quayside operations to Aberdeen from Peterhead with integrated supply base…
Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an…
Diana Containerships (NASDAQ: DCIX), a shipping company specializing in the ownership of containerships, announced that it has received written notification from The Nasdaq Stock Market LLC dated January 10, 2019, indicating that because the…
Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.The vessels left Galveston…
International Transport Intermediaries Club (ITIC) recently represented a shipbroker accused by an owner of breach of warranty of authority in a dispute arising under a non-performing contract of affreightment (CoA).The shipbrokers had negotiated…
Port operator Associated British Ports (ABP) said on Monday it had boosted investments at its Port of Hull, bringing the total to 250 million pounds ($321.78 million) since the country's 2016 decision to leave the European Union.ABP said it…
Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers…
Indian Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) on Maritime issues between India and Denmark.The MoU is proposed to be signed during the upcoming visit of the Denmark officials to India in January…
The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20 percent from the prior year as the trade war between Beijing and Washington heated up.In recent weeks, however, that dispute has cooled somewhat with talks in China this week between Chinese and U…
At a special meeting on Tuesday, the Canaveral Port Authority Board of Commissioners unanimously approved awarding Merritt Island-based Ivey’s Construction Inc. a $78.98 million contract for the Port’s Cruise Terminal 3 project and a $29.53 million contract for the adjacent 1…
Danish shipping and logistics company DFDS has been awarded a contract by the UK government to provide additional ferry capacity in the North Sea.Maria Anagnostou, Fleet Management, will be responsible for handling DFDS’ contract about additional…
The United States and China are likely to reach a good settlement over immediate trade issues while agreement on structural trade issues and enforcement will be harder, U.S. Secretary of Commerce Wilbur Ross said on Monday as U.S.-China trade talks resumed…
On December 28, 2018, Sovcomflot (SCF Group) placed an order at Zvezda shipbuilding complex for construction of three new generation product carriers that use cleaner-burning LNG fuel as their primary fuel.Three MR-class vessels will have a deadweight (DWT) of 51…
