Contracts News

 

Port Snared in US-China Dispute, says Panama President

May 01, 2026

Panama President Jose Raul Mulino said his country maintains a positive relationship with China despite being caught up in a dispute between the Asian superpower and the U.S., and defended Panama's takeover of port contracts held by Hong Kong's CK Hutchison.He spoke at a regular press conference after receiving what he called a 'high-level' message from China's government acknowledging that a dispute over the port contracts will be heard by international arbitration courts…

Asia Pacific Ports Collaborate Cross-Sector to Advance Hydrogen, E-Fuel Readiness

Apr 30, 2026

Accelleron, a leader in turbocharging, fuel injection, and digital solutions in the marine and energy industries, highlights how Asia Pacific ports are building early foundations for green hydrogen-based e-fuel markets through coordinated cross-sector action in its most recent report…

Wittlin Named CEO of GLO Marine

Apr 28, 2026

GLO Marine appointed Thomas Wittlin as Chief Executive Officer, effective Q2 2026, signaling the start of a structured growth phase in which the company will evolve from a retrofit-led contractor into a production-enabled marine engineering and integration business…

Raw Sugar Futures Falls After Two-Week High Alongside Coffee, Cocoa

Apr 27, 2026

Raw sugar futures on ICE closed down after earlier hitting a two-week high as selling in top grower Brazil dried up and oil prices rallied.Coffee and cocoa algo posted losses.SUGAR* Raw sugar settled down 0.1 cent, or 0.7%, at 13.83 cents per lb…

First LNG Export Cargo Departs Sabine Pass Terminal

Apr 22, 2026

Golden Pass LNG, a joint venture between QatarEnergy and U.S. oil major Exxon Mobil, said on Wednesday that the first cargo of liquefied natural gas has departed from its new Sabine Pass terminal in Texas.Shipping data showed that the vessel…

Baltic Exchange Considers Amending Methodology for Middle East Benchmarks

Apr 20, 2026

The Baltic Exchange, which tracks and assesses freight rates, on Monday proposed amending its methodology on all Middle East benchmarks, citing the escalating geopolitical disruption in the Strait of Hormuz and the wider Middle East region,…

Construction Begins on Port Hedland Seafarers Centre

Apr 19, 2026

Construction has started on a new Seafarers Centre at the Port of Port Hedland in Australia.Benchmark Construction and Building has been awarded a contract to construct the new center which will be a welcoming space for seafarers visiting Port Hedland and will include areas for rest…

Hazardous Cargo Compensation Regime Close to Entry into Force

Apr 15, 2026

Four States deposited their instruments of ratification of the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 2010 (2010 HNS Convention), bringing the treaty’s entry into force a step closer…

Zinus to Support New London State Pier Shore Power Project

Apr 13, 2026

Zinus Power LLC has announced that it has been awarded a contract by the Connecticut Port Authority to support the initiatives of the New London State Pier Shore Power Project.Zinus’ deliveries will introduce extended shore power capabilities…

Logistics News

Mercuria Sues Baltic Exchange Over Freight Losses from Hormuz Closure

Mercuria Sues Baltic Exchange Over Freight Losses from Hormuz Closure

Ukrainian Drones Hit Tuapse Port Again, Environmental Crisis Deepens

Ukrainian Drones Hit Tuapse Port Again, Environmental Crisis Deepens

Russian Attack Hits Port Infrastructure

Russian Attack Hits Port Infrastructure

Port Snared in US-China Dispute, says Panama President

Port Snared in US-China Dispute, says Panama President

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Court documents show that Trader Mercuria has sued Baltic Exchange for losses incurred by the Hormuz cargo, according to a court filing.
Iraqi state news agency reports that work has begun on the Basra-Haditha pipeline.
US grid operator PJM appoints Mills to the position of president and CEO