Westports Eyes M&As in Asia
Malaysia's Westports Holdings Bhd is on the prowl for suitable merger and acquisition (M&A) target particularly in the Asean region that would be able to chart good…
Oversupply, China Slowdown Push Freight Prices Down
Freight shipping prices have plummeted to a historic low, fueled by a long-standing problem of too many ships and lower demand from China, as per a report in AFP.
Vietnam Shipping Industry Looks Bullish
The port of Ho ChiMinh City is expected to lead the way in terms of tonnage throughput handled in 2015. The port of Da Nang, however, is expected to outperform the…
Manila Ports Back at Optimum Utilization
Philippine Ports Authority (PPA) stated that utilization rate at the port of Manila is back to normal after the disruption of operations during the visit of Pope Francis to the country last month.
China’s LNG Terminals Underutilized
According to an Interfax analysis of customs data, China used just over half its LNG regasification capacity in 2014, as tariff hikes and cheaper competing fuels hit gas demand growth.
NZ: Oil Spill off Taranaki
Maritime New Zealand (MNZ) said it was monitoring the situation of a small oil spill at the Raroa platform, about 70 kilometres off the Taranaki coastline. The operator…
Topaz, Saudi University to Offer Maritime Training
Topaz Marine KSA, a subsidiary of Topaz Energy and Marine, and the King Abdul Aziz University in Jeddah have joined forces to offer training to cadets from the university…
Taiwan's Lighthouses Major Tourist Attractions
The government of Taiwan is planning to open another two lighthouses to the public since such structures have become major tourism attractions in the country, the Maritime and Port Bureau informed.
Fitzpatrick Appointed President of Robert Allan
The Board of Directors of Robert Allan Ltd. have accepted the announcement from Ken Harford, P. Eng. of his intention to retire in June, 2016 after eight years of leadership at Robert Allan Ltd.
Aguirre Offshore GasPort Project Receives EIS from FERC
Excelerate Energy ("Excelerate"), in cooperation with the Puerto Rico Electric Power Authority ("PREPA"), has received the final Environmental Impact Statement ("EIS")…
Eurasia Drilling, Schlumberger Merger Update
Eurasia Drilling Company Limited (the "Company") announces that Schlumberger B.V. ("SLB") and the Company are continuing to cooperate with the Russian Federal Anti…
ICC partners WCGC for Annual Golf Tournament
The International Chamber of Commerce (ICC) has become the Official Global Partner of the World Corporate Golf Challenge (WCGC), the largest and longest running corporate amateur golf event.
Navy Lays Keel of USS Omaha
Austal USA shipyard held a keel laying ceremony for the sixth Independence variant littoral combat ship, the future USS Omaha (LCS 12), Feb. 18. With Austal USA as the shipbuilder…
Indian Police hold Company Officials Over Oil Ministry Leaks
Indian police have won court approval to hold five company officials for 72 hours as they investigate an alleged scam to steal documents from the oil ministry to…
Egypt's Suez Canal Revenue at $434.8 mln
Revenues from the Suez Canal stood at $434.8 million in January, the state news agency said on Saturday, down from $445.5 million in December. The fastest shipping…
U.S. Ports Deal 'huge relief' for Workers, Economy
The White House said on Friday a deal between West Coast ports and the dockworkers union was "a huge relief" for the economy, businesses and workers affected by the lengthy labor dispute.
U.S. West Coast Ports Reach Tentative Deal
A group of shipping companies and a powerful dockworkers union clinched a tentative labor deal on Friday after nine months of negotiations, settling a dispute that…
Malta Freeport Chosen by 2 Mega Alliances
Malta Freeport Terminals have been chosen by two mega shipping alliances - 2M Alliance and Ocean Three Alliance - as their main transshipment hub in the Central Mediterranean.
Egypt Bullish on New Suez Canal expansion
The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph.
Turkish Naval Forces to Stay in Gulf of Aden
Turkish parliament’s approval to extend the mandate of Turkish Naval Forces in NATO's operation in the Gulf of Aden for one more year is strategically important…
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