Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports.These companies are taking advantage of…
As a member of the President’s Advisory Council – Doing Business in Africa (PAC-DBIA), Bob Wetta attended the September 26, 2018 Fact-Finding Trip Report meeting in Washington, D.C., with U.S. Secretary of Commerce Wilbur Ross and 13 other U…
Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32…
South Carolina Ports Authority (SCPA) announced the highest monthly container volume in its history, with 217,035 twenty-foot equivalent container units (TEUs) handled in October. Last month’s record-breaking volumes marked an 18.7 percent year-over-year increase in container volume growth…
Port Canaveral welcomed the world’s largest cruise ship before dawn Thursday as Royal Caribbean International’s Symphony of the Seas made its historic first North American port of call.The massive cruise vessel arrived at the Port’s Cruise Terminal 1 from Malaga…
Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly…
Rhine water levels hit record lows in October; river is a key fuel transport hub for Europe.Low water levels on the Rhine river have caused a fuel supply deficit in parts of Europe's industrial heartlands that is sucking up cargoes from more than 10…
The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.The mobilisation and construction works…
The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation…
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize…
Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.Singapore's PSA, China's Hutchison Port Holding and China…
North Carolina Ports hosted the Cold Chain Summit 2018: Cold Gateways Expansion – Farm to Table and Beyond in historic downtown Wilmington on Wednesday.This is the second year NC Ports has organized and hosted the event focusing on current markets…
The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant…
An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields…
Wärtsilä said it has developed a lock entry assist system that will facilitate a vessel’s approach and entrance into waterway locks. The development work has been carried out in cooperation with the Canada-based CSL Group. The initial deployment…
