The JSI Alliance has successfully completed a major project in India for client Afcons Infrastructure Limited. Afcons was contracted to construct a new liquid cargo berth for Gujarat Chemical Port Ltd. (GCPL). The JSI Alliance was contracted for the execution of critical heavy lifting operations for the development.The project scope was complex, requiring heavy-lift capabilities for the installation of eight jackets and fifteen berthing dolphins weighing between 500 and 600 t…
Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, has announced the appointment of former Georgia Ports Authority leader Jamie McCurry as an industry specialist in its Savannah office…
'Even if the Strait of Hormuz reopens, significant uncertainty will remain and continue to shape market outcomes,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Key uncertainties include whether the US/Iran agreement will hold, when the Strait of Hormuz (SoH) will fully reopen…
A mismatch in contract terms has led to a $110,000 settlement against a shipbroker, highlighting the risks brokers face when fixtures are not clearly aligned on a back-to-back basis when fixing charter parties.According to International Transport Intermediaries Club (ITIC)…
Maritime recruitment has become more digital, but many platforms still replicate familiar agency workflows online. JobMarineMan.com, developed by ship and crew management company Marine MAN, is taking a different approach: a direct recruitment ecosystem built for shipowners and seafarers…
NYK Bulkship (Asia), a Singapore-based company of the NYK Group, has concluded a time-charter contract with JERA for two very large gas carriers (VLGCs).The two VLGCs are expected to transport low‑carbon ammonia produced in Louisiana to JERA’s Hekinan Thermal Power Station in Japan…
Norway's ECOnnect Energy has signed an agreement with Sociedad Portuaria Puerto Bahía S.A., a majority-owned subsidiary of Canada's Frontera Energy Corp., to deliver its IQuay™ F-Class jettyless transfer system for Puerto Bahía´s fast-tracked LNG import terminal in Cartagena Bay…
Imports to the busiest U.S. container port in Los Angeles hit the second-highest level in history during May, as retailers rushed in products like plastic school supplies before cargo ship owners start recouping higher fuel costs from the Iran war on July 1…
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7…
New Zealand announced on Tuesday that it had selected 'two' providers for the proposed liquefied gas import facility. The terminal is a major part of government plans to ensure power supplies during the dry years, as domestic gas production decreases and energy costs rise…
