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Caterpillar CEO Will Attend APEC CEO Summit

Nov 09, 2014

Chairman and CEO Doug Oberhelman is joining APEC economic leaders, business decision-makers and academics to discuss opportunities to strengthen regional economic integration and the global multilateral trade system during the 2014 APEC CEO Summit in Beijing…

MHI to Transfer Ownership Stake to MEG

Nov 09, 2014

Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co…

RusHydro Inks Deals with Chinese Firms

Nov 09, 2014

Russia's largest hydropower producer, RusHydro , signed agreements with two Chinese companies on Sunday that will boost Chinese investment in Russia's energy sector and could increase Russia's electricity exports to China.RusHydro and China…

Egypt, Greece, Cyprus Pledge More Energy Cooperation

Nov 09, 2014

Egypt, facing its worst power crisis in decades, on Saturday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened up the possibility of progress in talks to import natural gas from Cyprus.Cypriot President…

Libyan Protesters Stop Oil Exports from Eastern Hariga Port

Nov 09, 2014

Libyan state security guards have started a protest at the eastern Hariga oil port, banning any oil exports, a Libyan oil official said on Saturday.A tanker had been waiting for three days to lift oil but the guards did not allow it, the official said…

In Gazprom Deal, JPMorgan Takes on Business

Nov 09, 2014

When JPMorgan Chase & Co agreed to lead a $700 million bond offering for Russian gas producer Gazprom OAO, it was doing business that some U.S. banks are afraid to do, several lawyers and a banker said.Gazprom faces U.S. sanctions after the U…

Natural Gas Workers in Peru May Strike

Nov 09, 2014

Natural gas workers in Peru, South America's biggest exporter of liquefied natural gas, said on Friday they had pulled out of wage talks with Argentine energy company Pluspetrol and would vote on a possible strike in a few weeks.Pluspetrol leads the consortium that taps Peru's Camisea fields…

USCG Hoists Injured From Bimini Superfast Ferry

Nov 08, 2014

A helicopter crew from Coast Guard Air Station Miami hoisted an injured man Wendesday night from the Bimini Superfast ferry approximately 10 miles off the coast of Bimini, the Bahamas.Watchstanders in the Coast Guard 7th District command…

Paddling Boat Race Around the Island

Nov 08, 2014

A paddling boat race will take place around Hong Kong Island on 16 November 2014 (Sunday). About 20 canoes and 6 rowing boats are expected to participate in the race.The boats will set off at 0815 hours at the south of Middle Island in a clockwise direction around Hong Kong Island…

Fortis' Perry to Present at EEI Conference

Nov 08, 2014

Fortis Inc. President and Incoming CEO, Barry Perry, will present at the 49th Edison Electric Institute (EEI) Financial Conference in Dallas, Texas on Thursday, November 13, 2014 between 9:00 am and 9:40 am (Central Time).   A live and…

Aker Not to lay off Staff

Nov 08, 2014

Norwegian broadcaster NRK today reported that Aker Solutions' fabrication yard in Egersund, Norway, will be letting 1,500 temporary workers go after the new year. While it is common practice at the yard to adjust the temporary workforce to existing activity levels…

Launch of OCEAN FALCON in Pasajes

Nov 08, 2014

On November the 6th, Zamakona Yards Group successfully completed the launch of the ship “Ocean Falcon” at its facilities in Pasajes (San Sebastian, northern Spain).The ship is the third Zamakona Yards launches, of all three signed with the Norwegian shipping company Atlantic Offshore A…

Hapag-Lloyd Update on Congestion in Manila.

Nov 08, 2014

The ongoing congestion in Manila has not improved. Consequently, the situation resulted in cumulative delays and build up of containers at the transhipment port in Singapore.In view of this, Hapag-Lloyd will temporarily halt booking acceptance…

MHI Endowing Courses in Nuclear Engineering at Hanoi University

Nov 08, 2014

A ceremony was held today at Hanoi University of Science and Technology (HUST), in Hanoi, Vietnam, to mark the commencement of the fifth year of courses endowed by Mitsubishi Heavy Industries, Ltd. (MHI). The courses are conducted at the…

Sheikh Ahmed receives “Maritime Visionary Award”

Nov 08, 2014

HH Sheikh Ahmad bin Saeed Al Maktoum received The Maritime Standard Special “Maritime Visionary Award” in recognition of his exceptional foresight in supporting and revitalizing the UAE’s maritime sector in his role as Chairman of Dubai World…

Logistics News

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Baltic Index Hits Almost Five-Year High

Baltic Index Hits Almost Five-Year High

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

PANYNJ, CALSTART Launch Electric Truck Incentive Programs

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

Lloyd’s Register, MARIC Secure AiP for Tri-Fuel Tanker Concept

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