Houston-based Cheniere Energy Inc has began production at what will become the first U.S. terminal to export natural gas from shale formations. It has officially flipped the switch at its liquified natural gas (LNG) export terminal in Louisiana…
The Ministry of Shipping has taken many proactive and progressive interventions in the areas of shipbuilding, port development, inland waterways and coastal shipping this year for the development of the maritime sector in the country. The key initiatives includes Sagarmala Project…
Promoting ease of doing business has been at the core of the efforts of the Ministry during the year. Focus has beenonsimplifying procedures by removing irritants that make it cumbersome to carry on business smoothly. The major highlights…
For the development of maritime sector in the country, India has rolled out some important projects and signed MoUs, asscording to the Ministry of Shipping. India signed an MoU with Iran for developing Chahbahar Port. An SPV, Indian Ports…
A quarter-mile-long megaship that's the largest cargo ship ever to visit the U.S. is expected to arrive at the Port of Oakland on Thursday morning, port officials said Tuesday. Longer than an aircraft carrier, the Benjamin Franklin container ship is the largest vessel to ever visit the U…
China's cabinet on Tuesday (Dec 29) approved a deal that fuses two of the country's biggest state-owned transport and logistics firms, reports Reuters. China's cabinet has approved China Merchants Group's acquisition of Sinotrans & CSC Holdings Co…
The second annual Lift & Move USA will be held February 10 in Houston, enabling participants to network with working industry professionals, hear from young people working in the industry and explore career possibilities in the crane, rigging and specialized transport industry…
Dry bulkers have been an overwhelming disappointment with the year coming to an end, while on the other side of the coin we have the tanker market that has not only kept its positve momentum but managed to outpace what most had expected thanks to low crude oil price…
China is going after container shipping lines for freight rate abuses. The Chinese Ministry of Transport has fined a total of $65 million on price-fixing charges. The National Development and Reform Commission said in a statement that the…
DMCA registers 1,623 marine crafts and issues 2,396 marine crew licenses in 2015 While many sectors of the global maritime market recorded slowdowns in 2015, one area of the Middle East reports impressive growth figures. Dubai Maritime City Authority (DMCA)…
China Shipping Ports Development, the port unit of China Shipping Group, has agreed to acquire a 20% stake in the loss-making Korea Express Busan Container Terminal (KBCT) from parent CJ Korea Express (CJ Korex). KBCT manages the container terminal in the port of Busan Shinsundae…
Danish ocean carrier Maersk Line has begun the process of reducing its workforce as part of the cost cutting plan. The world's largest ocean carrier is eliminating 110 positions this month at its headquarters in Copenhagen where 1,125 persons worked previously…
Mercator Lines (Singapore) has agreed to sell three vessels, namely the Kesari Prem, Gauri Prem and Sri Prem Aparna on behalf of the vessels' mortgagee. Pursuant to this, the Company has entered into 3 Memorandum of Agreement to sell these…
CMA CGM is testing the ability of the U.S. West Coast ports to handle the biggest containerships – are they ready? U.S. West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in…
The MSC Maya, the fourth of 20 Oscar-Class Ultra-Large Container Ships (ULCS), arrived at APM Terminals Gothenburg on December 21 from the Port of Bremerhaven as part of the regular port rotation of the Maersk Line/Mediterranean Shipping Company…
