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GPA Tops 2.85 Mln Tons in July

Aug 10, 2017

The Georgia Ports Authority (GPA) said it moved 2.33 million twenty-foot equivalent container units for the calendar year through July, up 10.8 percent, or an additional 230,000 TEUs. 'It is through the incredible efficiency and productivity…

ENI, Anadarko to Build LNG Terminals in Mozambique

Aug 10, 2017

Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province…

Baltic Index Surges on Strong Demand for Larger Vessels

Aug 10, 2017

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, notched its biggest one-day percentage gain in five months on Thursday, buoyed by soaring demand for larger vessels. The index, which factors in rates for capesize…

Argentina Cuts Tariffs on Used Oil Equipment Imports

Aug 10, 2017

Argentina's government published a decree on Thursday eliminating or reducing tariffs on imports of used equipment for oil and natural gas companies, a measure long sought by the industry, but it included requirements to buy some locally produced goods…

GranInvestimentos and Royal IHC Join Forces

Aug 10, 2017

Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver integrated life cycle solutions to customers in the oil and gas sector. Through this partnership, both companies are set to increase their operational and service activities…

iContainers Urges Freight Forwarders to Embrace Technology

Aug 10, 2017

Online freight forwarding company iContainers has urged the freight forwarding industry to embrace technology. “As shippers press on with their demand for speed, transparency, and efficiency, the freight forwarding strives hard to find a quick enough and appropriate response…

Decas Selected as a Top Port Director

Aug 10, 2017

While inclusion with the International Association of Top Professionals is an honor in itself, only a few members in each discipline are chosen for this distinction. These special honorees are distinguished based on their professional accomplishments…

Global Bulk Terminals Market to Grow 5.1%

Aug 09, 2017

Global Bulk Terminals market is expected to grow from $5.20 billion in 2016 to reach $7.41 billion by 2023 with a CAGR of 5.1%, said Forecast Research Study. Rising demand from industrial output, increasing usage of bulk commodities and…

Pasha to Boost Vehicle Imports at Grays Harbor

Aug 09, 2017

Pasha Automotive Services to process FCA US imports via Lázaro Cárdenas to Port of Grays Harbor, Wash. Pasha Automotive Services said it will provide a new volume of port-processing services at its Port of Grays Harbor facility in Washington for FCA US LLC…

Ports Ponder Public Private Partnerships

Aug 09, 2017

Because any port is only as efficient as its weakest link, so-called P3 funding will be the key to driving the future intermodal equation. Seaport and marine terminal finance draws from a wide range of funding sources, often combined to pay for a particular project…

Maritime UK Chief Welcomes $8.6 Bln Infrastructure Project

Aug 09, 2017

Maritime UK Chairman, David Dingle, has welcomed the signature of a major construction contract to deliver the tunnels, bridges and earthworks for phase 1 of the HS2 project. The contracts cover works on both Stage 1 and Stage 2 of the high-speed rail 2 (HS2) project…

Petrobras Authorized to Export Idle LNG Cargoes

Aug 09, 2017

Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette.According to the text, Petrobras has been given the green light to export up to 6…

Good, Bad or Ugly? China's Commodity Imports Conundrum

Aug 09, 2017

Were China's commodity imports in July a continuation of the trend of robust growth, a pause from the recent strength, or early signs of a slowdown? When numbers aren't unequivocally pointing in the same direction it often becomes possible to interpret them in different ways…

Maersk Family Foundation Launches Africa Infrastructure Fund

Aug 09, 2017

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, said Wednesday it has launched a new fund that will invest in infrastructure in Africa. The fund, which was launched with pension funds PKA, PensionDanmark and Medical Doctors' Pension Fund…

ICTSI Net Income Rises 19%

Aug 08, 2017

Manila-based global container terminal operator International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the first half of 2017 posting revenue from port operations of US$603.7 million, an increase of 10 percent over the US$550…

Logistics News

Russian Oil Producers Threaten Force Majeure Over Baltic Port Attacks

Russian Oil Producers Threaten Force Majeure Over Baltic Port Attacks

BIMCO: 130 Container Ships Stranded in Persian Gulf

BIMCO: 130 Container Ships Stranded in Persian Gulf

Hapag-Lloyd Earnings Down from Last Year

Hapag-Lloyd Earnings Down from Last Year

Transneft Looks to Redirect Oil From Attacked Baltic Ports

Transneft Looks to Redirect Oil From Attacked Baltic Ports

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