The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade.'The new services, catering for both Central and South China and South Korea…
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil…
Iran's military denied on Monday being behind attacks on oil tankers in the Gulf of Oman last week, and said if it decided to block Strait of Hormuz, a vital gateway in the Gulf for the oil industry, it will do it publicly.Iran’s Armed Forces Chief of Staff…
Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers said, following suspected attacks on two oil tankers in the Gulf of Oman on Thursday.DHT has a large fleet of Very Large Crude Carriers (VLCCs) and Heidmar has a wide range of oil tankers…
Hong Kong-based Cosco Shipping Ports has purchased a 4.34% stake in Shenzhen-listed Beibu Gulf Port Co for a total consideration of approximately RMB 470 million (USD 68 mln).'By subscribing the shares, Cosco Shipping Ports aim to further strengthen the cooperation with Beibu Gulf Port…
Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…
Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulf’s LNG Bunkering Facility in Port Fourchon, La.The box shaped…
To support the expected surge in U.S. resin exports and increased volume in the Gulf region, TRAC Intermodal is adding over 2,000 new and fully-refurbished premium chassis to its Gulf Regional Pool (TGRP), with more equipment additions planned for later this year…
A surge in armed attacks against ships around West Africa is pushing up global levels of piracy and armed robbery at sea, warns the International Chamber of Commerce's International Maritime Bureau (IMB). IMB's Piracy Reporting Center recorded 66 incidents in the first quarter of 2018…
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, strengthen its position in a high-growth market in the United States…
TRAC Intermodal is expanding and improving the quality of its chassis fleet in the Gulf Region to meet an expected surge in U.S. resin exports. The TRAC Gulf Regional Pool (TGRP) now offers the largest and most modern fleet of chassis in the ports of Houston…
Dubai-based Gulf Navigation Holding PJSC (GulfNav) is in discussions to acquire a majority stake in Singapore-based Atlantic Navigation Holdings, a provider of offshore marine logistic services. Atlantic is an integrated offshore supply operation…
Canadian crude shipments to the United States by rail could rise more than 60 percent this year on demand by Gulf Coast refiners for the heavy crudes and the wide differential between Canadian grades and the U.S. benchmark. The rail shipments could reach as much as 350…
Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide…
Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region. According to this agreement…
