The Port of Indiana-Mount Vernon set a new annual shipping record in 2015 by handling over 6.6 million tons for the first time in its 40-year history. This was a 36-percent increase over 2014 and 30 percent higher than the previous record set in 1994…
On Thursday, January 20, 2016, the Port of Palm Beach Board of Commissioners elected its new Chairman, Mr. Wayne M. Richards. Richards, a member of the board for 16 years, is known for keeping a strong focus on fiscal responsibility and bringing new…
Japanese Foreign Minister Fumio Kishida warned against China's increasing maritime activities, such as artificial land construction in the South China Sea, reports Nikkei. Referring to tensions over China's growing assertiveness in the South China Sea…
Dubai-based port operator DP World and the Russian Direct Investment Fund have launched a joint venture to develop ports, transportation and logistics infrastructure in Russia. Signed on the sidelines of the World Economic Forum in Davos…
Singapore-based rig builder Keppel Offshore & Marine saw profits fall for last year along with revenues. It also revealed work had slowed on rigs being built for Sete Brasil with the Brazilian company not making payments in over a year. Keppel’s profit was S$481 million for the full year…
The global production of steel dropped in 2015 compared to 2014, to a larger extent outside China, as China exported its surplus of steel to destinations across the globe; it is too complex to single out whether this is positive or negative for the seaborne dry bulk transport demand…
Indonesia's first mini liquefied natural gas (LNG) terminal, considered an ideal concept for a gas terminal an archipelago, is set to start operations in March, supplying 40 million standard cubic feet per day (mmscfd) of gas to Bali’s Pesanggaran power plant…
Höegh LNG Partners LP announced that its board of directors (the 'Board') has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.4125 per unit. This represents an increase of $0.075 per unit…
Total maritime output or maritime economy of China is expected to generate nearly 6.5 trillion yuan (988.79 billion U.S. dollar) in 2015, about 7 percent more than 2014, reports Xinhua. State Oceanic Administration (SOA) said that the…
Dryad Maritime, the UK’s leading maritime intelligence and operations company has released its analysis of worldwide reported incidents of piracy and crime against mariners for 2015.Providing commentary on maritime piracy and crime around the world…
The Captain of the Port (COTP), Delaware Bay, has set a modified Port Condition WHISKEY due to the anticipated arrival of a severe winter storm that will impact the Pennsylvania, New Jersey, and Delaware area in the next 72 hours.A thorough…
Global economics2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely…
Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world. U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG)…
With the Panama Canal expansion slated for completion later this year and the industry-wide boost in U.S. maritime activity that will likely follow, there is no question that 2016 will be a demanding year for the Maritime Administration. While the course ahead will be full of new challenges…
The International Bunker Industry Association (IBIA) has appointed a new Regional Manager to manage its office in Singapore, covering the Asia region. Simon Neo, IBIA in Asia’s new Regional Manager has more than 30 years of oil and shipping…
