In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director Mario Cordero discussed the port’s plan to support California’s emerging floating wind industry.The Port of Long Beach has not yet been identified as a marshalling port for any one project…
Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month…
Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy, along with hopes the global economy can avoid a recession and low oil inventories…
Ukraine's grain harvest is likely to fall to 35 to 40 million tonnes in 2023, including 12-15 million tonnes of wheat and 15-17 million tonnes of corn, a senior analyst and producer said on Monday.Alex Lissitsa, CEO of the IMC agriculture company…
The annual Shipping Industry Flag State Performance Table, published today from the International Chamber of Shipping (ICS), highlights a 25% increase in flag states reporting on seafarer labor standards compared to last year. Each year flag…
The city of Makassar in South Sulawesi, Indonesia has seen fast economic growth in the past few years. In 2019, the province’s growth reached 6.9% – higher than the 5% national rate – with rapid infrastructure development, particularly in the maritime industry…
Christoph Lücke is taking on the role of Project Head of Hamburg Messe und Congress’ maritime trade fairs SMM, MARINE INTERIORS Cruise & Ferry Global Expo, and Seatrade Europe effective February 1, 2023. He takes over from Claus Ulrich Selbach…
Following a virtually inert 2022 and a slightly busier start to 2023 at the various recycling destinations, much of the Far East was off celebrating Chinese Lunar New Year holidays this week and it has expectedly been a quieter period - in terms of sales and activity…
Euronav filed an application request for arbitration in relation to Frontline’s action to pursue the termination of the combination agreement of July 10, 2022.Following recent acquisitions of additional shares by Famatown Finance Limited (as disclosed on Euronav’s website)…
Svein Steimler, president and CEO of NYK Group Europe Ltd., will retire on March 31, 2023, and will subsequently become a special advisor of the company. Steimler’s successor as president and CEO will be Carl-Johan Hagman.
With ammonia projected to take a leading role in the maritime sector by 2035 as the industry is forced to reduce emissions, we speak with Jonathan Flynn, Director of Clean Energy Solutions at CF Industries. CF Industries recently joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping…
S5 Agency World (S5) signed a contract with Deutsche ReGas to act as terminal agent at its new Deutsche Ostsee LNG terminal at Lubmin Port, on Germany’s Baltic Sea coast. The new LNG terminal will process LNG imports into Germany and has a regasification apacity of up to 5…
NYK ordered its fifth liquefied petroleum gas (LPG) dual-fuel very large LPG/liquefied ammonia gas carrier (VLGC) from Kawasaki Heavy Industries Ltd. (KHI). The ship will be built at the KHI Sakaide Works shipyard and is set for delivery in 2026…
Freeport LNG, the second-biggest U.S. liquefied natural gas (LNG) exporter, got approval from federal regulators on Thursday to take early steps to restart its fire-idled LNG export plant in Texas.Freeport, however, has not yet sought permission…
German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters…
