The Ningbo Zhoushan Port Group, which manages the port complex of Ningbo and Zhoushan in China, decided to join the International Association of Ports and Harbors (IAPH). That was confirmed following the Maritime Silk Road Port International Cooperation Forum…
Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s. Confidence in the case for gas is growing…
The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining…
The World Trade Center of New Orleans announced William T. “Bill” Bergeron, CEO of Bergeron Resources, L.L.C. & Affiliated Companies, as the recipient of the 2018 C. Alvin Bertel Award. The C. Alvin Bertel Award was established in 1967 and is…
Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels.The performance…
Chembulk Tankers named Steve Laino its Chief Commercial Officer, based out of the Southport office and responsible for all facets of our commercial strategy worldwide, including chartering, projects and client relations. Laino comes to Chembulk…
J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this…
Oakland’s largest marine terminal operator plans to clear the air using hybrid cargo-handling technology. SSA Terminals said it will retrofit 13 diesel-powered cranes with diesel-electric hybrid engines. The upgrade is estimated to eliminate…
International Transport Intermediaries Club (ITIC) has successfully defended a ship manager against allegations of negligence made by a shipowner following the loss of a lifeboat overboard.The lifeboat was subsequently found drifting off the port of Naze…
More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to ships operated by charities in the Mediterranean…
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…
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…
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…
The Governor of Delta State, Senator Ifeanyi Okowa has stated that the efficiency and effectiveness of the Nigerian economy depends largely on the maritime sector, as over 90 percent of the world trade are transported through the sea.Senator…
Hong Kong-based dry bulk shipping company Pacific Basin has closed a USD 325 million 7-year reducing revolving credit facility secured over 50 of the company’s owned ships. The new facility is supported by a syndicate of eight leading international banks…
