Australia has revised down the value of its resources and energy export earnings in the year to end-June 2017 by 4.6 percent, or nearly A$10 billion ($7.6 billion), due largely to falling prices for iron ore, its most valuable export.The…
Chemical tanker firm Stolt-Nielsen aims to cut debt, CEO Niels G. Stolt-Nielsen said on Thursday.CEO: Debt is slightly higher than we wish CEO: Based on the latest update, we believe that 2018 will be tough to reduce debt CEO: Assumptions…
ClassNK has released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2016…
The U.S. trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter. The Commerce Department said on Thursday the trade gap decreased 2…
Daewoo Shipbuilding & Marine Engineering (DSME) will sell the subsidiary of Mangalia Shipyard Romania to a Dutch builder Damen Shipyard Group, reported local media. Damen already owns in Romania a shipyard in Galati. Korea Economic Daily…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has agreed to refinance its existing loan facility with Diana Containerships, having an outstanding balance of US$42.6 million…
The Port of Corpus Christi lives up to its moniker ‘Energy Port of the Americas,’ as the movement of energy in and out dominates the port’s history and future. John P. LaRue, Executive Director, Port Corpus Christi recently visited Maritime…
Pile driving at the Husky Terminal in the Tacoma Tideflats is slated to resume July 6 at the close of the annual fish migration season which runs from February to July. The Pier 4 work is part of $250 million in terminal improvements that…
The Panama Canal Authority (ACP) today held a public hearing on its tolls structure modifications proposal. “The modified tolls will safeguard the Canal's competitiveness, charge a fair price for the value of the route and provide a competitive service to the global shipping industry…
Roll-on/roll-off cargo handlers Southampton Cargo Handling (SCH) said it has secured the stevedoring contract to handle all Renault vehicles being shipped through the Port of Southampton. The move follows the success of Euro Marine Logistics (EML)…
Hamburg Süd has been awarded the Volkswagen Group Award 2017. With this award, the largest automotive corporation in the world honors its best suppliers, which stand out for their innovative strength, product quality, development competence…
Asia Maritime Pacific implements learning solutions from Seagull Maritime fleetwide.Asia Maritime Pacific (AMP) is an Asia-based dry bulk shipping company, specializing in offering personalised solutions and reliable, innovative solutions to its customers…
State-owned Qatar Petroleum said Tuesday it aims to raise Qatar’s LNG production from 77 million to 100 million tons per year. The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field…
Dunkirk's LNG terminal and Grand Port Maritime de Dunkerque have signed an agreement for the development of an LNG supply station. The use of liquefied natural gas (LNG) by shipping and road vehicles has grown significantly in recent months with new projects (orders for ships…
Rodolphe Saadé, Chief Executive Officer of CMA CGM Group, has received this Tuesday, July 4, 2017, Yong YING, Mayor of Shanghai, who is on an official visit to Marseille for the signature of the 30 years of twinning between the two cities. On this occasion…
