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Contracts News

 

PGNiG and Venture Global LNG Sign Pact

Jun 27, 2018

Polish Oil & Gas Company (PGNiG) and Venture Global LNG have entered into an agreement relating to the terms of delivery of liquefied natural gas from Calcasieu Pass LNG and Plaquemines LNG facilities. The agreement defines basic terms…

Diana Shipping, BNP Paribas Pact for Five Year Loan Facility

Jun 27, 2018

Diana Shipping announced that on June 20, 2018, it signed a term sheet with the French bank BNP Paribas for a five year loan facility of up to US$75 million, subject to loan documentation.  The global shipping company specializing in the…

Eagle, Crowley Supply LNG to Puerto Rico

Jun 27, 2018

Crowley Fuels and Eagle LNG Partners have signed a multi-year agreement to provide a pharmaceutical company in Puerto Rico with containerized liquefied natural gas (LNG), an expansion of LNG supply chain services for customers seeking cleaner…

U.S. Coal Cargo Reaches China, Beating Import Tariff Deadline

Jun 27, 2018

A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed. The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U…

Baltic Index Falls for Seventh Consecutive Session

Jun 26, 2018

The Baltic Exchange's main sea freight index fell for the seventh straight session on Tuesday, due to lower rates across vessel segments. The overall index, which tracks rates for ships carrying dry bulk commodities, fell 10 points, or 0…

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…

Logistics News

Aurrigo Deploys Autonomous Electric Shuttle at Portsmouth International Port

Aurrigo Deploys Autonomous Electric Shuttle at Portsmouth International Port

Atlas Copco Gas and Process Expands Facilities in South Korea, New York

Atlas Copco Gas and Process Expands Facilities in South Korea, New York

Baltic Index Holds Third Weekly Gain

Baltic Index Holds Third Weekly Gain

CM Energy Contributes to ASSO Cable Lay Project

CM Energy Contributes to ASSO Cable Lay Project

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