Increasing consumer demand and rising retail sales are driving record imports at the United States’ major retail container ports this month despite new tariffs on goods from China, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates…
A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship will receive the 2018 IMO Award for Exceptional Bravery At Sea.A Panel of Judges decided that the rescue merited the highest award…
Arthur “Art” Allen and Stuart Peerless have joined the Chembulk Southport and Singapore teams respectively in the positions of Senior Vice President of Trading – West and Senior Vice President of Trading - East. The two will be responsible for oversite of fleet allocation…
Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.The NOC had not…
Indonesia's state owned energy holding company, Pertamina, has decided not to go ahead with what would have been the country's second land-based receiving terminal for liquefied natural gas (LNG), its chief executive said on Monday.Indonesia has forecast sharp increases in gas demand after 2020…
Danos has appointed two executive team members to new roles: Reed Peré will serve as vice president of business development, sales and marketing, and James Callahan as the vice president of operations.Peré has over a decade of industry experience and began his career with Danos in 2006…
Naval architecture and marine engineering firm KNUD E. HANSEN has set up a permanent presence in the east coast port of Halifax, Nova Scotia, allowing the Denmark based company to increase its focus on Canada’s growing maritime sector as well as the increased demand for Arctic ship tonnage…
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged lower on Monday for the first time in eight sessions on lower capesize rates.The overall index - which factors in rates for capesize…
The world's no. 3 container shipping line CMA CGM of France has made an exploratory approach to German rival Hapag-Lloyd over a possible merger as players in the sector hunt for tie-ups to beat depressed conditions, finance sources say.Three finance sources with knowledge of the matter…
Bangladesh Communication Satellite Company Limited (BCSCL) has signed a memorandum of understanding (MoU) with the shipping ministry so that Bangabandhu-1 satellite will provide the connectivity to around 39,000 ships in the country in a year…
Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). 'Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million…
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for an initial purchase price of USD 22 million on a cash and debt free basis. 'The…
China’s Cosco Shipping Holdings Co received the clearance of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report…
Malayasia-based MISC Berhad has secured a long-term charter contract from Hess Exploration and Production Malaysia for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis. The…
Prosafe has signed a contract with Aker BP ASA for the Safe Scandinavia to provide accommodation support at the Ula platform in the Norwegian sector of the North Sea. The firm duration of the contract commencing mid-August 2018 is seven months with eight one-month options…
