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Truckers in Argentina Lift Strike, Freeing Grain Exports

Feb 12, 2018

Truckers in Argentina ended a strike that had stalled grain exports and agreed to meet with transportation authorities later this month to resolve their differences, the government said on Saturday. Nearly 100 cargo ships were waiting on…

Data Overload: Commodity Hedge Funds Close as Computers Dominate

Feb 12, 2018

'Chocfinger' made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel. Ward blames the rise of computer-driven funds…

Several Car Shippers Face Fines for Rigging Bids

Feb 12, 2018

EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter…

Evergreen Charters Twelve 11,000 TEU Newbuilds

Feb 12, 2018

Evergreen Marine Corp. (EMC) entered into an agreement with Shoei Kisen Kaisha to charter twelve 11,000 TEU class containerships. The charter parties were signed by EMC Chairman Anchor Chang and President of Shoei Kisen Kaisha Yukito Higaki…

Ukraine's Grain Export Forecast Unchanged

Feb 12, 2018

The Ukrainian agriculture ministry sees 2017/18 grain exports at up to 41 million tonnes, acting minister Maksim Martyniuk said on Monday. 'For now we keep the forecast unchanged at 40-41 million tonnes. Potentially in the future we could lower the export estimate slightly to 40 million tonnes…

Interventek Appoints Stuart as Business Development Director

Feb 12, 2018

Interventek Subsea Engineering has announced the appointment of Bruce Stuart to the role of Sales and Business Development Director. Stuart brings with him over 30 years of commercial leadership experience and in-depth operational knowledge of the oil and gas industry…

Schulte's PRONAV Acquisition Greenlighted

Feb 12, 2018

The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV.With this strategic move, the family-owned ship owner and manager continues to increase its…

Ocean Yield Acquires Four VLCC

Feb 11, 2018

Ocean Yield has announced that 100% owned subsidiaries of the Company have agreed to acquire four VLCC crude tankers with 15-year bareboat charters to companies owned and guaranteed by Okeanis Marine Holdings.  All four vessels are sub…

Encik Rezza Resigns as ED of Bumi Armada Berhad

Feb 11, 2018

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has announced the resignation of Encik Shaharul Rezza bin Hassan, Executive Director and Head of Offshore Marine Services (OMS) of Bumi Armada Berhad…

Piracy, Armed Robbery in Asia Drop in January: ReCAAP

Feb 09, 2018

A total of seven incidents of piracy and armed robbery against ships were reported in Asia - five actual incidents and two attempted incidents - in January 2018, compared to 16 incidents reported in December 2017, according to regional piracy watchdog ReCAAP ISC…

Hyundai Merchant Marine Forms Consortium with MSC, Hapag-Lloyd and ONE

Feb 09, 2018

Hyundai Merchant Marine (HMM) announced that it has established a consortium with global liners, MSC, Hapag-Lloyd, and ONE to launch joint services between Asia and west coast of South America. Previously, HMM operated three Asia-west coast of South America services with MSC…

Aker Enters Offshore Floating Wind Market

Feb 09, 2018

Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions…

Kvaerner Bags Two Contracts for Disposal of Platforms

Feb 09, 2018

Kvaerner has entered into an agreement with Allseas for the recycling of the topside and bridge of the 36-year-old Valhall QP platform when Allseas removes this installation for operator Aker BP in 2019. The structures will be deconstructed during winter 2019 and spring 2020…

Ships Queue as Truck Strike Slows Argentina Grain Exports

Feb 09, 2018

Some 93 cargo ships were waiting to load soy and corn from Argentina's main exporting hub of Rosario on Friday, more than a week into a truck owners strike, the spokesman for an industry group said. That was up from just over 60 on Thursday…

New Program Improves Used-vehicle Export Process

Feb 09, 2018

A pilot Vehicle Validation Export Process Program that kicked off in Florida  earlier this month allows shippers to submit original vehicle export documentation electronically instead of delivering physical copies to a local customs trade office…

Logistics News

ITI Achieves Cargo Transfer Record in Chile

ITI Achieves Cargo Transfer Record in Chile

The Pasha Group Appoints Cary Davis as Vice President of Government Affairs

The Pasha Group Appoints Cary Davis as Vice President of Government Affairs

Russia Attacks Two Ukrainian Ports

Russia Attacks Two Ukrainian Ports

SSA Marine Appoints Meghan Weinman as President of Conventional Cargo Division

SSA Marine Appoints Meghan Weinman as President of Conventional Cargo Division

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