EMR Invests £3m in Port of Tilbury
EMR, one of the world’s largest metal recycling companies has made a significant commitment to remaining in its existing Tilbury Dock facility. Not only has it just…
Cutter Morro Bay hosts Navy Reserve units
The crew from the Coast Guard Cutter Morro Bay welcomed Navy Reserve medical units from Akron, Ohio, and Youngstown, Ohio, in Cleveland Sunday. The visit was designed…
Containership Fleet On The Brink To Break Through The 20 Million Teu Barrier
BIMCO expects the container shipping fleet to break through the 20 million TEU barrier shortly. 2016 will see the lowest fleet growth rate on record (3.4% expected)…
South Korean Shipbuilders’ Off-Shore Debts
Beleaguered South Korean shipbuilders's total liabilities as of the end of last year for their 34 overseas affiliated companies have reached 5.3584 trillion won (US$4.65 billion)…
Awilco LNG Reports Loss
Oslo-based LNG shipping company, Awilco LNG, reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year.
Atlantic Navigation Bags Ten Vessel Charters
The Middle-East-focused marine logistics services provider Atlantic Navigation Holdings (Singapore) Limited has won long term charters for 10 OSVs with a combined…
ExxonMobil Terminates Seadrill Contract
Exxon Mobil terminates earlier the West Capella working in Nigeria in the Usan Field. John Fredriksen-backed drilling firm Seadrill Partners LLC has received a notice of termination from Exxon Mobil.
US LNG Shipments Point to Global Gas Price Convergence
The emergence of US liquefied natural gas as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says. The first shipment of US liquefied natural gas (LNG) from Cheniere Energy's Sabine Pass facility to Europe arrived in Portugal at the end of April.
World's Newest, Largest Cruise Ship Leaves French Port
Tens of thousands of French well-wishers waved goodbye to the largest luxurious cruise ship named “Harmony of the Seas”as it set sail on its maiden voyage to the U.K.
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