The Government of India signed a loan deal worth USD 76 million with Japan International Cooperation Agency (JICA), for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be $ 111 million…
While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil's refinery there, shipping sources said. Silt and clay lingering in the Port of Beaumont still threaten to entrap large ships…
CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels. The announcements by…
The Lake Carriers’ Association (LCA) said U.S.-flag Great Lakes freighters (lakers) moved 10.1 million tons of cargo in August, an increase of 7 percent compared to a year ago. The month’s shipments also bettered the August long-term average by approximately 60…
International bunker trader and supplier Brightoil has launched a new suite of online tools that aims to transform the way bunker fuel is traded globally. Brightoil Bunker Online E-Delivery platform is now live and includes a Forward Fixed…
The 2017 annual Port of Kiel Prize has been awarded to Jörn Grage, Managing Director of SCA Logistics GmbH. The award was presented on Thursday evening, September 14th, by Dr Dirk Claus, Managing Director of the PORT OF KIEL (SEEHAFEN KIEL GmbH & Co…
Japanese car manufacturer Toyota Motor Corporation is turning to LNG-powered ships to transport its cars across the globe, according to a report from Japanese daily Nikkei. The company has backed an investment in up to 20 LNG-powered car carriers with the capacity to carry 7…
In the week that global maritime leaders gave the UK a vote of confidence, naming it one of the world’s leading maritime centres, PD Ports is urging UK businesses not to develop ‘Brexit blinkers’ but instead to explore significant new global opportunities as the UK negotiates its exit from the EU…
China's CNOOC Ltd said on Thursday it will end the feasibility study for its (LNG) export terminal on British Columbia's coast due to low global commodity prices, in the latest setback for Canada's energy industry. Nexen Energy, a unit of CNOOC…
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine announced that in partnership with Portsmouth City Council it has opened a new ship repair facility within Portsmouth Commercial Port, U.K.Burgess Marine Ltd…
Yemen's Houthi leader Abdel-Malek al-Houthi said on Thursday his group could target Saudi oil tankers should Saudi Arabia attack Yemen's main port at Hodeida. 'We could target Saudi oil tankers and we could do anything, we have not done this before…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a fresh near three-year high on Thursday, supported by firmer rates across vessel segments.The overall index — which factors in rates for capesize…
International seafarer welfare charity, the Mission to Seafarers, has announced its relaunch of the Seafarer Happiness Index to support a sustainable future for the global maritime industry. The Mission is partnering with project founder, Steven Jones…
Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing…
Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported. The indebted oil rig firm controlled by Norwegian billionaire…
