The rating company Moody's Japan K.K. has downgraded Japanese shipping company Mitsui O.S.K. Lines, Ltd.'s (MOL) corporate family rating to Ba2 from Ba1. The rating outlook is stable.'We expect MOL's debt will not decline materially over the…
The CMA CGM Group, a leading shipping group, has announced its subsidiary Containerships, an expert in Intra-Europe which it acquired in October, took delivery on December 12th of its first container ship powered by liquefied natural gas (LNG)…
Port of Amsterdam CEO Koen Overtoom and ten other Amsterdam residents have been named Energy Commissioners by Platform 02025, a non-profit that aims to make Amsterdam a leader in clean energy.Amsterdam port said in a press release that the appointment…
USD 51.86 billion (EUR 45.6 billion) or 6.2% of the added value of the Netherlands is due to the Port of Rotterdam. This emerged in ‘The Rotterdam effect - Impact of Mainport Rotterdam on the Dutch economy’ study conducted by Erasmus University Rotterdam (EUR)…
Moda Midstream LLC, owner of a U.S. Gulf Coast crude export terminal, on Thursday began partially loading the first supertanker at its Ingleside, Texas, facility, the company said.The Houston-based operator, which purchased the facility from Occidental Petroleum Corp…
The Board of Commissioners of the Port of New Orleans selected a new Executive Committee with the election of Arnold B. Baker as Chairman, Tara C. Hernandez as Vice Chair and Darryl D. Berger as Secretary-Treasurer during the Dec. 20 monthly Board meeting…
The Florida-Caribbean Cruise Association (FCCA), the trade association that represents the mutual interests between destinations and stakeholders in the Caribbean and Latin America and FCCA Member Lines, which operate 95 percent of the global cruising capacity…
A/S Dan-Bunkering Ltd. announced that Rikke Pagh as per December 18, has been promoted to Senior Bunker Trader.Rikke started her career in Bunker Trading with Dan-Bunkering in 2004 and has during her employment been stationed abroad for a longer period…
The Board of Commissioners of the Port of New Orleans approved a resolution to expand its partnership with Ports America, the largest U.S. terminal operator and stevedore. The long-term lease and infrastructure agreements will bolster capabilities…
The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore…
The number one Korean national containers carrier Hyundai Merchant Marine (HMM) and Singapore-based terminal operator PSA International have secured complete ownership of the Hyundai Pusan New-Port Terminal (Pier 4) in the Port of Busan, South Korea…
Bermuda-based shipping company Teekay GP, the general partner of Teekay LNG Partners, has announced that its Board of Directors has authorized a common unit repurchase program for the repurchase of up to $100 million of Teekay LNG’s common units…
The owner and operator of containerships Navios Maritime Containers announced that it took delivery of the Bahamas and the Bermuda, two 2010-built 4,360 TEU containerships on December 7, 2018 and December 17, 2018, respectively.As previously announced…
New Orleans-based offshore oil industry service provider Laborde Marine Management announced that Ashton P. Laborde has been appointed as President of the Company effective January 1, 2019. Laborde joined the Company in 2007 and most recently served as Director of Marketing…
The Port of Rotterdam Authority will widen and facilitate the Green Award discount for sea-going shipping from the start of 2019.The discount will encourage safe and green shipping in the liquid bulk segment. From 2019 onwards, certified chemical…
