Logistics

PMA Says Port Contract Remains Distant

The Pacific Maritime Association (PMA) issued a statement today regarding the status of contract negotiations with the International Longshore & Warehouse Union (ILWU),

Los Angeles Container Volumes Drop

November container volumes down 3 percent at Port of Los Angeles; year-to-date volumes up 6.5 percent   Overall containerized cargo volumes in November 2014 have

Transpacific Box Shippers Plan Freight Rate Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

Container Volumes on the Rise in South Carolina

Container volume up 13 percent at South Carolina Ports Authority; Charleston benefiting from federal appropriations    The SC Ports Authority announced another

Obama Urged to Help Resolve Port Negotiations

In a letter today to President Barack Obama, the American Association of Port Authorities (AAPA) urged the president to take the necessary steps to assign federal

Rig Moves: Mobilized for Performance

The operation of an oil field involves moving rigs or jackups in a maneuver referred to as a rig move. These complex operations require experience and the coordination of all stakeholders.

Liberia is the Flag of Choice for Greek Operators

Liberia has become the flag of choice for Greek ship owners and operators, securing the leading position for the first time in more than forty years since the early seventies.

Philippines to Buy Naval Assets, China Sea Dispute Simmers

The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent

SBM Offshore Maintains Outlook, Stock Drops

SBM Offshore, the Dutch oil platform leasing company, has maintained its sales guidance for 2014 but said it would take $146 million in one-off charges. In a trading update on Wednesday,

Maersk: Rate Hike Under Pressure on Low Demand

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was

Italy Opposes EU Environmental Law Scrapping

Eleven member states signed letter opposing withdrawal; European Commission has said will listen. Plans by European policymakers to scrap a draft EU law on air

Russell: Supply to be 2015 Commodity Driver

The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that's likely to persist in 2015.

Ivory Coast Inks Deal With ExxonMobil

Ivory Coast has signed production sharing agreements with oil giant Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, the West African nation's oil minister said.

Oil Dips to $59, OPEC, Russia Keep Pumping

OPEC, Russia unwilling to cut supply, spurring weakness. Crude stockpiles in U.S. rise in latest week. Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/2-year lows,

NewLead & Ironridge Global Reach Settlement

  NewLead Holdings Ltd. announced today that the Company reached a full and final settlement with Ironridge Global IV ("Ironridge") on December 11, 2014 of all disputes between the parties.

Canada West Coast Ports Offer Little Relief from US Delays

The gridlock at U.S. West Coast ports that has forced McDonald's to ration French fries at its Japanese restaurants and interrupted supplies to retailers such as

Westerhoud Steps Down as President of ECT

Jan Westerhoud, President of Europe Container Terminals (ECT), will step down and retire from the company effective January 1, 2015, the company announced today in a press release.

BC Proposes Fair Wages for Port Truckers

The Government of British Columbia said it has listened to the truckers serving Port Metro Vancouver and has released its proposed rate structure, which will soon be brought into force,

Shipping Industry Modifies Contract Clauses for Ebola Risks

Some of the shipping industry's biggest trade associations are modifying freight contracts to reduce commercial exposure for companies whose ships travel to countries

New Bridge Over Port of Malmö Gets EU Support

The EU's TEN-T Program will co-finance with over $1.24 million preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden.

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