The Port of New Orleans’ (Port NOLA) Strategic Master Plan, Port NOLA Forward, will earn the Port a Silver 2019 National Planning Achievement Award for Economic Development Planning from the American Planning Association (APA) for identifying and seizing upon economic growth opportunities…
The Very Large Crude Carrier (VLCC) Olympic Lyra changed its destination to Lome in Togo from Southwold in Britain, Refinitiv ship tracking data showed.VLCCs have a capacity of around 300,000 tonnes and their arrival in a region can affect refining margins…
The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends…
Following the tariff-induced cargo rush of late-2018, container shipments from Asia to West Coast North America dived in Q1, denting carriers’ hopes of securing higher annual contracts.Things can change very quickly in the Transpacific container market…
Braemar Shipping Services announced the appointment of Ronald Series as its Non-Executive Chairman with effect from today. Series will also chair the Company’s Nomination Committee. He succeeds David Moorhouse CBE, who retired from the Board with effect from April 14…
International Container Terminal Services Inc (ICTSI) has inaugurated container operations at TecPlata, located in Argentina’s Puerto de La Plata.The opening ceremony was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national…
The Port of Oakland has reported a positive first quarter in its cargo volume. Through the end of March 2019, the Port handled 612,151 twenty foot-long containers compared to 587,356 during the same period in 2018. That represents a 4.2 percent increase…
In written testimony submitted to the House Transportation and Infrastructure Committee, Subcommittee on Water Resource and Environment hearing on the “Cost of Doing Nothing,” the American Association of Port Authorities (AAPA) calls on Congress…
U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows…
APM Terminals, an international container terminal operating company headquartered in The Hague, said that its Gothenburg unit has launched The Gothenburg Gateway.Gothenburg Gateway will ensure that a container placed on a freight train anywhere…
GAC UK said it has opened its 20th branch at the historic port of Montrose on the east coast of Scotland, just seven months after welcoming its 19th office at nearby Dundee.Established in 1493, the port of Montrose is known as the “gateway to…
French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16…
Singapore's maritime sector is preparing to ride the wave of digitalisation as a means to chart next phase of growth. The Maritime and Port Authority of Singapore (MPA) will focus on digitalisation to help companies innovate and improve productivity over the next three years…
Singapore has been ranked the world's top maritime capital for the fourth consecutive time in the Leading Maritime Capitals of the World (LMC) report. The Leading Maritime Capitals report for 2019 is with fresh insight on which maritime metropolises…
Shipping major AP Moller-Maersk Group's export-import (exim)-focused trade finance arm Maersk Trade Finance is targeting a 33 percent loan disbursal growth at $200 million in 2019 in India.The trade financing solution arm of Danish business conglomerate said that it disbursed a total of USD 0…
