DP World Launches Tender Offer for $1.5 bln 2017 Sukuk
DP World could buy back around half of its $1.5 billion sukuk offering which is due to mature in 2017 as the global ports operator seeks to reduce the cost of its debt…
Trelleborg Trains USCG on Liqufied GasTransport
Trelleborg’s marine systems operation has again supported the U.S. Coast Guard by delivering a third training session in ensuring the safe, secure and clean transportation…
US Warship Completes Acceptance Trials
The fourth Independence-variant Littoral Combat Ship (LCS) built by Austal for the U.S. Navy, the future USS Montgomery (LCS 8), has completed its acceptance trials May 6, 2016, in the Gulf of Mexico, marking the final significant milestone before the ship’s delivery, which is expected soon. According to the shipbuilder, this achievement involved the execution of intense comprehensive tests by the Austal-led industry team while underway…
Oil prices up on Nigeria outages, Goldman Forecast
Unrest cuts Nigerian output to lowest in decades; U.S., China output also down sharply. Oil prices jumped over 2 percent on Monday to their highest since November…
Report on Health of Seagrass in Cleveland Bay
Port of Townsville Limited (POTL) has released the 2015 Annual Seagrass Health Survey carried out in Cleveland Bay during 2015. The survey, commissioned annually since 2007 at a cost of around $70…
APL SMART Reefer Solutions to Boost Agri Japanese Exports
OKYO, JAPAN, 16 MAY 2016: As Japan ramps-up its export drive, APL steps in to support Japanese growers and exporters in the exploration of overseas markets for their fresh produce.
APM Terminals LA Makes Room for Mega Ships
The 10 STS Cranes will be the tallest in service at any American port; new LED lighting on the crane booms will increase visibility while significantly reducing energy consumption…
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.
Moscow demands N.Korea's explanation on Russian Yacht Detention
A North Korean coast guard ship has detained a Russian yacht with a crew of five people on board, Russia's Foreign Ministry said on Saturday, adding it had sent…
Front Vanguard Contract Terminated
Frontline Ltd. ("Frontline" or the "Company") has agreed with Ship Finance International Limited ("Ship Finance") to terminate the long term charter for the 1998 built VLCC Front Vanguard.
Hapag-Lloyd's Profit Streak Continues
Hapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016. Despite the difficult market environment, transport volume increased…
Long Beach's Record Port Community Sponsorships
The Board of Harbor Commissioners last evening awarded 83 sponsorships totaling $359,795, capping off a record year of Port community sponsorships that highlight…
