Russian oil and gas company Gazprom and Japanese trading house Itochu have signed a memorandum of understanding (MoU) on the proposed Baltic liquefied natural gas (LNG) export project.'With this document, the parties confirmed their interest in potential cooperation in the framework of the project…
The Port of Oakland had its busiest November ever for imports in 2018, shattering an 11-year-old record. The Port said today that it handled the equivalent of 83,364 loaded 20-foot import containers last month. That beat the old November record of 76…
APM Terminals set a new North American operations record this month with 27,846 TEUs handled on one vessel.This represents a complete discharge of the vessel for import cargo and a complete new load of export containers, in addition to empty…
Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong historical operational and financial performance…
Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. 'Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on the New York Stock Exchange…
Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (MOPAS) was recognized for its 'efforts on market development by the Nippon Maru One Night Cruise,' and received the award for outstanding performance in the 'Cruise of the Year 2018' program…
Christian Søgaard-Christensen has tendered his resignation as Chief Financial Officer (CFO) in TORM A/S. Christian Søgaard-Christensen has been with TORM since March 2010.TORM will initiate a recruitment process for a new CFO. Christian Søgaard…
The Government of Canada takes marine safety and security, and the well-being of all Canadians very seriously. That is why we are taking action to better financially protect marine passengers, their families, and businesses in the event of a marine accident…
Oakland Metropolitan Chamber of Commerce CEO Barbara Leslie has joined the Port of Oakland’s governing Board of Port Commissioners. Ms. Leslie, a onetime Port Government Affairs Specialist, replaces Earl Hamlin who resigned from the seven-member Board…
Cargo volume continued to rise at the Port of Long Beach in November, setting the stage for a second consecutive calendar year record.The Port handled 621,835 TEUs of container cargo during the month, a 1.5 percent increase compared to November 2017…
Campbell Transportation Company, Inc. said that Kyle Buese will be joining the company as Executive Vice President of Operations effective January 7, 2019.Buese is a graduate of Tulane University where he received his Master of Business Administration…
Norway's bulk ship operator and management company Belships ASA announced that its chief executive officer (CEO) Ulrich Müller has resigned.The board of directors of the Norwegian bulker owner stated in a press release that they will initiate…
Maersk Broker Bulk Chartering has bought a stake in a US-based dry bulk broker NAODAN Chartering and become a major shareholder.The dry cargo brokerage of NAODAN Chartering will continue to focus on the well-established and successful business out of the West Coast of the USA…
Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic…
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui…
