Libyan oil production could face protracted disruption as factions in the east seek to seize control of crude exports, adding pressure to a tight global market.Eastern factions have tried to take over oil exports in the past but have struggled…
China National Offshore Oil Company, or CNOOC, plans to build a receiving terminal of liquefied natural gas in the eastern province of Jiangsu- expected to cost $2.17 billion, local media reported .The project, located in the city of Yancheng…
Quark Expeditions has expanded its global sales team to better accommodate the increase in demand anticipated by the addition of two polar expedition vessels: the World Explorer, a 176-passenger hybrid-powered, all-balcony, all-suites vessel…
Mario Cordero, Chris Lytle want policy and funding for clean air, infrastructure. Two of this nation’s highest-ranking port executives want continued government support for maritime industry clean air efforts and infrastructure development…
Shipping Company, Diana Containerships, Inc., announced the sale of one of its Post-Panamax container vessels, the m/v Puelo, has been completed and will be delivered to her new owners.After the delivery of the vessel, the company will prepay about $19…
The CEO of I-Tech AB Philip Chaabane rings the bell to open I-Tech’s first day of trading on Nasdaq First North.I-Tech recently completed a share issue for listing on Nasdaq First North. The shares will be traded under the ticker ITECH and ISIN code SE0011167725…
The World Trade Center of New Orleans announced William T. “Bill” Bergeron, CEO of Bergeron Resources, L.L.C. & Affiliated Companies, as the recipient of the 2018 C. Alvin Bertel Award. The C. Alvin Bertel Award was established in 1967 and is…
In order to meet increasing and diverse market demands, Evergreen Line has announced enhancements to its current Asia – East Africa service (AEF) – adding to its direct calls in Central & Southern China.Five vessels are currently deployed on the AEF service – three operated by Evergreen Line…
The University of Tasmania welcomed the announcement of BAE Systems as the successful tender for $25.8 billion SEA 5000 Future Frigate program. Deputy Vice-Chancellor (Research) Professor Brigid Heywood said enormous benefits would flow to Australian…
Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…
Broward County’s Port Everglades reports that it is progressing with manufacturing the first three new Super Post-Panamax container-handling gantry cranes being built by Shanghai Zhenhua Heavy Industries Co., Ltd. Inc. (ZPMC) of China. The design phase is nearing completion…
Shares in German container shipping company Hapag Lloyd plunged 19 pct, hitting 1-year low, after the company cut its 2018 outlook. The Company cites 'unexpectedly significant' and continuing increase in operational costs, especially with…
Leonid Mikhelson, Chairman of the Management Board of PAO Novatek and Sergey Frank, General Director of PAO Sovcomflot have signed a Strategic Cooperation Agreement on developing a strategic partnership to transport hydrocarbons (LNG and gas condensate) produced at Yamal LNG…
The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC)…
Star Bulk Carriers announced that it has closed the previously announced acquisition of three newbuilding Newcastlemax dry bulk vessels in an all-share transaction, from Oceanbulk Container Carriers (OCC). The final consideration for the OCC Vessel Purchase Transaction is 3…
