The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices…
Tens of thousands of French well-wishers waved goodbye to the largest luxurious cruise ship named “Harmony of the Seas”as it set sail on its maiden voyage to the U.K. after 32 months in a French shipyard in Saint-Nazaire. The $1 billion…
India has approached Turkey's Halkbank to faciliate the payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran's Fars news agency quoted India's ambassador to Tehran as saying on Saturday.'The Indian government is seeking to pay the $6…
EBITDA of EUR 123.4 million / EBIT of EUR 4.8 million / Transport volume up 2.1% / Sharp year-on-year decrease in freight rate / Further efficiency measures plannedHapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016…
The Board of Harbor Commissioners last evening awarded 83 sponsorships totaling $359,795, capping off a record year of Port community sponsorships that highlight the Port of Long Beach’s role in international trade and dedication to social responsibility…
Coast Guard aircrews continued searching through the day and into the evening Saturday, after beginning a search Friday for a woman who fell from a cruise ship - about 200 miles southeast of Galveston-, Texas. See map at : www.google.com/maps/@27…
Coast Guard Training Center Cape May hosted congressional staff members, Friday, for a display of various Coast Guard assets during Coast Guard Mission’s Day.More than 40 congressional staffers arrived by bus to the training center where…
Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months. The decline also reflects evolving vessel alliances that have shifted ship deployments…
DP World Yarimca has been officially opened for business by the President of the Republic of Turkey, Recep Tayyip Erdoğan in the presence of senior government officials and executives of DP World.President Erdoğan joined the opening yesterday…
The Royal Australian Navy (RAN) formally commissioned Navy Headquarters – South Queensland as HMAS Moreton today in a ceremony steeped in tradition.The Governor of Queensland, His Excellency the Honourable Paul de Jersey AC, together with Senators Joanna Lindgren and Chris Ketter…
The verdict at the 5th India Marine Salvage and Wreck Removal Conference of Hinode held this time in Mumbai last week was clear and unanimous. The presentations as well as the deliberations highlighted an upbeat atmosphere indicating the growing…
Japan’s three largest shipping companies - Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K Lines (MOL), and Kawasaki Kisen Kaisha (“K” Line) - and three other carriers worldwide will form the world's third-largest container shipping alliance…
APM Terminals, the port terminal operator arm of Danish shipping conglomerate AP Moller-Maersk A/S, has signed an agreement to enlarge 10 STS cranes at its Pier 400 facility in the Port of Los Angeles. The 10 STS cranes will be the tallest in service at any port in the United States…
Hili Company, the logistics division of Hili Ventures, has entered into a joint venture agreement with leading international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa…
Following the Maersk Group's recent announcement of its long-term commitment to create more responsible recycling options in Alang, India an agreement has been reached for the landing of the first two vessels. Maersk Line is to deliver two of its containerships…
