Under the Government of India’s Sagarmala Program to promote port-led development, a master plan has been formulated for the 12 Major Ports. 142 port capacity expansion projects with an estimated cost of INR 91,434 Crore (USD 14.3 billion)…
LNG shipper GasLog Partners acquired from GasLog 100% of the shares in the entity that owns and charters the GasLog Geneva on July 3, 2017. The GasLog Geneva is a 174,000 cubic meter (cbm) tri-fuel diesel electric (TFDE) LNG carrier built in 2016 and operated by GasLog since delivery…
In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1st April, 2016 and 31st March, 2026…
Britain's most advanced and biggest warship, 65,000-tonne aircraft carrier HMS Queen Elizabeth, set out on its maiden voyage on Monday from the Rosyth dockyard in eastern Scotland. The ship, which measures 280 metres and can move 500 miles a day…
The U.S. liquified natural gas (LNG) market is ripe with opportunity, according to American Action Forum (AAF). 'When coupled with the tension surrounding Qatar (the largest exporter of natural gas in the world), this makes U.S. LNG production a very attractive option…
An investment of more than $100 million from Broward County's Port Everglades will facilitate a complete makeover of Cruise Terminal 25, which will continue to be a preferential berth for Royal Caribbean Cruises, Ltd. (RCCL) as part of a new…
The plan to position Durban as a world-class cruise capital took a step forward with the announcement of the preferred bidder for the Durban Cruise Terminal – KwaZulu Cruise Terminal Pty Ltd (KCT) – a Joint Venture between MSC Cruises SA (a…
UK politicians and the general public have demonstrated overwhelmingly that they recognize shipping as the biggest mover of the nation’s imports and exports, according to a new study commissioned by the UK Chamber of Shipping. Guy Platten…
Greece-based GasLog Partners LP has reached an agreement to buy 100% of the shares in the entity that owns and charters the liquefied natural gas (LNG) tanker GasLog Greece from GasLog Ltd. The aggregate purchase price for the Acquisition will be $219 million…
Broward County's Port Everglades has negotiated a Memorandum of Understanding (MOU) that provides the framework for a new long-term business agreement with Royal Caribbean Cruises, Ltd. (RCL) that will include complete, customized renovations…
UK Chamber CEO Guy Platten has responded to the publication of the Department for Transport Seafarer Projections Review by calling on government to back its SMarT Plus proposal. The Department for Transport has this week published a study…
According to figures published this morning by the National Statistics Office (NSO), 2016 was yet another record year for cruiseline passengers visiting Malta. A total of 682,222 passenger movements were recorded, meaning an increase of 2% on 2015…
At an event commemorating the 1,000th rubber-tired gantry crane produced by Konecranes, the Georgia Ports Authority announced the completion of the latest phase of its electric RTG infrastructure. 'We're excited to expand on our eRTG program…
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020. The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th October 2002…
Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt.Fitch stated the AA rating — its highest for U.S. ports — was warranted due to the Port’s strong market position…
