Contracts News

 

French Union Calls for June 28 Port Action

Jun 26, 2018

France's CGT union says it is calling on port workers across the country to down tools on June 28 and join a protest against the policies of the government. Thursday's action coincides with the end of three months of rolling train strikes…

Suez Canal Seeks 300 mln euro Loan

Jun 26, 2018

Egypt's Suez Canal Authority is seeking a 300 million euro ($350.19 million) loan from Gulf banks, three senior banking sources told Reuters on Tuesday. The loan will be used to finance the purchase of two new dredgers, the sources said…

SC Ports CEO Sounds Off on Southern States Chassis Pool

Jun 25, 2018

South Carolina Ports Authority president and CEO Jim Newsome has issued the following statement on the proposed new chassis pool structure to be known as the Southern States Chassis Pool:  “The South Atlantic Chassis Pool was formed in 2006…

Koch Shipping Signs Charter Deal for Diana's Bulker m/v Philadelphia

Jun 21, 2018

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.  The global…

MOL Snaps Up Adriatic Gas via Croatian Unit

Jun 20, 2018

MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica. INA will become the…

SC Ports Plans for 5% Container Growth

Jun 20, 2018

Today, the South Carolina Ports Authority Board of Directors adopted a 2019 fiscal year financial plan that includes five percent pier container growth, $280.8 million in operating revenues, $42.9 million in operating earnings, and capital expenditures of $277…

GasLog Partners Signs New Charter Agreement with Cheniere Energy

Jun 19, 2018

GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy scheduled to commence in 2018. The charterer has options to extend the charter for up to two consecutive periods at escalating rates…

Nordic Hamburg Inks Connectivity Deal with KVH

Jun 19, 2018

KVH Industries, Inc. announced today that global ship manager Nordic Hamburg has chosen KVH’s new advanced TracPhone V7-HTS antenna equipment and the AgilePlans subscription-based Connectivity as a Service (CaaS) program to bring fast, global connectivity to its vessels…

SSA Terminals Extends Marine Lease at Oakland

Jun 17, 2018

A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027.  The agreement includes options that could keep SSA Terminals (Oakland) here to 2042.  The Port today characterized the deal as validation for the city’s maritime future…

NYK Line, Asahi Shipping Sign Contract with Kobe Steel

Jun 17, 2018

Nippon Yusen Kabushiki Kaisha (NYK Line)  together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship.  After delivery of the new vessel from Oshima Shipbuilding in 2021…

Monjasa Acquires Bunker Supply Vessel for English Channel Operation

Jun 14, 2018

Monjasa acquires the 3,600 DWT tanker, MT Fredericia for continued bunker operation in the English Channel.  Leading up to the acquisition, the vessel has been on time charter by Monjasa for several years and the ceaseless high performance…

MOL's Coal Carrier OI MARU to Serve JERA Trading

Jun 14, 2018

Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier OI MARU, which will serve JERA Trading , was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018. The vessel, which was jointly developed by Namura Shipbuilding and MOL…

Royal Caribbean Buys $1 Bln Stake in Silversea Cruises

Jun 14, 2018

Royal Caribbean Cruises Ltd (RCL.N) said on Thursday it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet.Silversea Cruises, which has nine ships…

SAL Heavy Lift Inks Deal for Horns Rev 3 Shipments

Jun 14, 2018

SAL Heavy Lift said it signed a contract with GeoSea NV for the shipment of a total of 49 transition pieces for the Horns Rev 3 Offshore Wind Farm.The assignment compiles transportation of TPs from fabrication yards in Aalborg, Denmark and Vlissingen…

GPA Sees Busiest May for Total Tons, TEUs

Jun 14, 2018

The Port of Savannah handled 3 million tons of cargo in May, an increase of 8.9 percent or 247,671 tons compared the same month a year ago. Total cargo crossing all terminals reached 3.22 million tons. 'Our May numbers reflect strong performances in breakbulk and containerized trade…

Logistics News

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

Seafarers Stranded Off Yemen After US-Houthi Ceasefire Deal

Seafarers Stranded Off Yemen After US-Houthi Ceasefire Deal

Maersk Warns Global Container Volumes Could Drop Due to Trade War

Maersk Warns Global Container Volumes Could Drop Due to Trade War

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