Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings…
President Donald Trump is set to meet with Republican senators on Wednesday over a proposal to waive rules that only U.S.-flagged ships can move natural gas from American ports to Puerto Rico and the U.S. Northeast.The nearly 100-year-old Jones Act mandates the use of U…
After nearly three decades and over 400 board meetings, Commissioner C.A. “Pete” Shelton retired from the Port of Beaumont Board of Commissioners, attending his final board meeting on April 29, 2019.Commissioner Pete Shelton, who served as Beaumont’s fire chief for 20 years…
NASCENT Technology, a provider of gate systems and related technologies, has announced that South Carolina Ports Authority (SCPA) has selected NASCENT's SYNAPSE advanced Gate System, in combination with the company's enVision OCR Portal offerings…
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's…
International trade is subjected to diverse and wide controls and customs regulations that need to be met to ensure that traded goods are entering and exiting legally.If a delay occurs, the entire plan gets affected. A delay causes increased expenses such as storage costs…
The technology group Wärtsilä has been contracted by Sovcomflot, Russia’s largest shipping company, to roll out a Wärtsilä Fleet Operations solution for Sovcomflot’s fleet of Arctic shuttle tankers.The aim is to promote sustainable development…
Hamburg Süd christened the “Polar Mexico” container ship in the Mexican port of Veracruz on the weekend.The sponsor of the “Polar Mexico” is Claudia Dávila, wife of Carlos Ayala, Logistics and Distribution Director of Alpek Polyester, which is a subsidiary of the Alfa Group…
The Maritime and Port Authority of Singapore (MPA) is investigating bunker craft operator Southernpec (Singapore) Pte Ltd for equipment tampering during a bunkering operation, the agency said in an email on Monday.The MPA had previously suspended…
The New Orleans Public Belt Railroad Corporation (NOPB), a wholly owned subsidiary of the Port of New Orleans (Port NOLA), has named M.D. (Mike) Stolzman as its new General Manager, effective immediately.Stolzman, a veteran railroad executive with extensive short line and Class I rail experience…
The Jacksonville Port Authority (JAXPORT), an international trade seaport on the St. Johns River in Jacksonville, Florida, set a new port record today with the arrival of the ZIM vessel Kota Pekarang, the largest container ship to ever call Jacksonville…
A cargo of handling equipment for NUTEP terminal in the Black Sea port of Novorossiysk was successfully delivered on board M/V Zhen Hua 19 to the Port of Novorossiysk.The equipment was supplied by Chinese producer ZPMC. The shipment include 3 STS cranes…
Global shipping group CMA CGM has launched CMA CGM eSolutions, a digital system which enables its customers to manage the transport of their goods entirely via a digital interface.The digital eco-system comprising an online agency and other…
The President says he wants to make American great again, so why is he trying to destroy the principal support system for America’s maritime industry? This week, we learned that President Trump is “seriously considering” issuing a broad waiver for the Jones Act…
The Port of Rotterdam Authority considers it vital that the North Sea Consultation works towards a North Sea Agreement in the coming six months. This consultation is investigating where on the North Sea the challenges regarding food, energy…
