The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday…
The Netherlands-based terminal operator APM Terminals, a subsidiary of Maersk Group, has signed a letter of intent for the sale of APM Terminals Rotterdam to Hutchison Ports, owner of the adjacent ECT Delta terminal.The complete transfer of shares is based on the agreement that…
The manufacturer of terminal tractors Kalmar has concluded an agreement with long-term customer Eurogate to heighten nine Kalmar straddle carriers operating at the Eurogate Container Terminal Hamburg.The order was booked in Cargotec's 2019 Q4 order intake…
The 1.3 Million cbm HES Hartel Tank Terminal, a project of HES International, has been completed on schedule.The HHTT Consortium, comprising Van Hattum and Blankevoort (Koninklijke VolkerWessels), Mobilis (TBI) and Boskalis Nederland, has handed over the construction site to its client…
APM Terminals Gothenburg will switch entirely to renewable energy with their Green Gothenburg Gateway concept during 2020.A year ago, APM Terminals Gothenburg introduced the Gothenburg Gateway to accelerate the development of Sweden’s goods transports…
BIMCO’s Documentary Committee has approved two charter party sanctions clauses to help owners and charterers manage due diligence policies and navigate an increasingly complex environment of economic and trade sanctions imposed by governments…
The US has seen a big drop in the import of Christmas tree lighting sets from China.In the first ten months of 2019, the US imported 147 million Christmas tree lighting sets, just over half of which came from Cambodia, a big change from 2018…
Confidence in the shipping industry rose in the last quarter to its highest level for 18 months, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level expressed by respondents to the survey was 6…
China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods…
A consortium led by Toyota Tsusho Corp, a unit of Japan's Toyota Group, signed a contract on Thursday to set up and operate a roll-on, roll-off vehicle terminal at East Port Said in Egypt, the Suez Canal Economic Zone (SCZone) said.The consortium…
Luxembourg-headquartered dredging and construction engineering company Jan De Nul Group completed the capital dredging works for the improvement of Liepaja Port in Latvia ahead of schedule.In order to allow larger vessels to enter and leave the port of Liepaja fully loaded…
US Navy has contracted Konecranes to deliver a 175-ton portal jib crane to the Puget Sound Naval Shipyard in the State of Washington. The $46-million order was booked in December and contains options for six additional portal jib cranes over the next seven years…
One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world…
Following DP World’s recent acquisition of Topaz Energy and Marine and its integration with P&O Maritime created a new brand P&O Maritime Logistics - a global provider of maritime solutions in offshore, port services and logistics.Through the synergies created by the merger of the two companies…
The technology group Wärtsilä will supply its Vessel Traffic Service (VTS) solution to two of France’s leading ports, Calais and Boulogne. The Wärtsilä VTS will effectively manage vessel traffic in these busy harbors to deliver greater operational efficiency and safety…
