Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project to a China’s Silk Road infrastructure fund, reports Reuters. The deal, first discussed in August…
China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports. China's Ministry of Transport (MoT) has formally unveiled its five-year working scheme that aims to reduce the country’s shipping emissions…
The government of India would soon build a major port at Colachel in the southernmost tip of Tamil Nadu at an estimated cost of $3.2 billion (Rs 21,000 crore), envisaged to emerge as a southern gateway of transshipment in the country, reports PTI…
Port Canaveral announced that its CEO John Walsh has been elected to serve as Secretary-Treasurer on the Board of Directors of the 2015-2016 Florida Ports Council (FPC), a nonprofit corporation serving as the professional association for Florida’s 15 public seaports and their management…
Mary Anne Rooney, Harbor Commissioner at California’s Port of Hueneme, has been named President of the Association of Pacific Ports (APP), a trade and information association promoting increased efficiency and effectiveness of Pacific ports…
Mitsui O.S.K. Lines, Ltd. today announced that it has started demonstration tests of a new windshield for containerships, which has the potential to reduce wind resistance, save fuel, and reduce CO2 emissions. MOL jointly developed the device with MOL Techno-Trade…
Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which operates the world's fourth shipbuilding facility in Subic Freeport Zone, unveiled the first-ever Philippine-made Liquefied Petroleum Gas (LPG) carrier. The ship was…
DP World Nhava Sheva, well-known for its operational efficiency; once again orchestrated a win-win situation for the trade and maintained normal import and export activities when the port confronted both, natural and manmade crisis.With…
Hans Nagtegaal (49) has been appointed the new Head of Containers at the Port of Rotterdam Authority. He is a highly experienced manager from the world of shipping and logistics, who enjoyed a successful career at P&O NedLloyd (in China, among other places)…
Marine container terminal operators at the Port of Oakland are developing a program to operate their terminal gates on Saturdays to reduce weekday congestion at the port. The new program, called OakPass, is expected to begin in the fourth quarter of this year…
China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ. The company wants to fulfill capacity commitments…
The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media. According to JoC, the Chinese executives of the carriers have been tight lipped on the discussions, but it…
French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier. The world’s third largest container line says that its unit costs fell 10…
China Merchants Energy Shipping Co., Ltd (CMES), the dry and wet bulk arm of state conglomerate China Merchants Holdings (International) Company Limited, has set up a wholly owned subsidiary China VLOC Company Limited to operate 400,000 dwt ore carriers in Hong Kong…
North P&I Club has joined forces with the International Maritime Pilots’ Association (IMPA) and the UK Maritime Pilots’ Association (UKMPA) to produce guidance and advice for the shipping industry on navigating with a pilot on board. The first document…
