APM Terminals Mumbai Handles Record Volumes
APM Terminals Mumbai, India handled a record 2.3 million TEUs during its 2017-2018 financial year. This is the terminal’s highest volume since the terminal was built in 2006.
NYK, Oyak to Build Car Terminal in Turkey
Turkey’s Oyak Group - owner of the country’s biggest steel producer, Erdemir Group - is to invest in a car logistics terminal in Yarimca port near Istanbul in partnership…
A.P. Moller Holding Appoints Jan T. Nielsen as CIO
Jan Thorsgaard Nielsen, Senior Managing Director of Blackstone, is appointed Chief Investment Officer (CIO) of A/S. A P Moller Holding (APMH). APMH is a privately…
India Ports Register 4.77% Growth During 2017-18
The major ports in India have recorded a growth of 4.77 per cent and together handled 679.35 Million Tonnes of cargo during the period April 2017 to March 2018 as…
SHI Bags a 180K LNGC Investment with an Option
Samsung Heavy Industries(SHI) revealed on March 5, 2018 that one 180K ㎥ LNG carrier newbuilding has been approved by the board of an overseas owner. The contract…
Port of Tallinn Freight Volume Grows to 5mln Tons in Q1
In the first quarter of 2018, 5.01 million tons of cargo and 1.92 million passengers passed through the harbours of Port of Tallinn. The cargo volume increased by…
Samsung Heavy Industries Wins a LNGC Duo for USD 370 mln
Samsung Heavy Industries(SHI) revealed on April 4th that a contract for two 174,000㎥ LNG carriers on BOD approval term. The price is 184 million USD per vessel(around KRW 195 billion).
VT Halter Opens New Paint Facility
VT Halter Marine Inc. has unveiled its new state-of-the-art blast and paint facility that will allow ship sections to be prepared, blasted and painted in a controlled environment. The ceremony included a keynote speech given by Senator Roger Wicker, U.S. Senator for the state of Mississippi.“The installation of this new blast and paint facility is to incorporate cutting-edge technologies in our marine construction programs.
Horizon Shipbuilding Hard at Work
2018 has been a busy year thus far, says Gulf of Mexico shipyard Horizon Shipbuilding, Inc. The Alabama shipbuilder, which announced reorganization plans in September 2017 amid insufficient revenues, says it is presently working on a steady stream of both new construction and repair projects. “Our continued production testifies to Horizon’s unwavering commitment to our customers, vendors and friends,” said Lance C. Lemcool, Horizon’s vice president.
Huisman Taps Bruijninckx as CEO
Huisman announced Theo Bruijninckx has been appointed as the company’s new chief executive officer to replace Joop Roodenburg, who decided to step down to the president role. Bruijninckx joined Huisman as chief financial officer and member of the board in May 2017. In his new role as CEO, he is responsible for the daily operation of the company, while Roodenburg will focus on the development of technical solutions and customer relationships. “Since 1981 Huisman is a family owned business.
Kudlow says U.S.-China Trade Talks Are Ongoing
There are ongoing talks on trade between the United States and China, White House economic adviser Larry Kudlow said on Friday but he did not specify at what level the negotiations were occurring.
By the Numbers: Barge Transportation Market
Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural sector. In North America, The Army Corps of Engineers maintains and operates over 12,000 miles of canals, rivers, and inland waterways. The Illinois…
Response to Mackinac Spill Continues
A U.S. Coast Guard marine science technician and an environmental quality analyst for Michigan's Department of Environmental Quality surveyed the Straits of Mackinac onboard a vessel Thursday. The responders did not identify any mineral oil sheens, signs of pollution, or adverse impacts to the environment or wildlife. Earlier this week, hundreds of gallons of mineral oil has been released from a leaking underwater utility line in Michigan’s Straits of Mackinac. Members of the U.S.
Baltic Index Down for Seventh Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday as losses in smaller vessel segments…
Norway to Order Coast Guard Vessels from Fincantieri
Norway plans to order three vessels for its coast guard from the Vard Langstein shipyard, the Ministry of Defence said in a statement on Friday. The 6.8 billion…
Buckeye, Trafigura Load Suezmax Tanker in U.S. Port
U.S. midstream oil firm Buckeye Partners and commodities trader Trafigura said on Thursday that modifications to their terminal in Texas to accommodate large tankers…
SCF Secures Funds for Six Aframax Tankers
PAO Sovcomflot (SCF Group) informed that it has signed a new $252 million 7-year credit facility with a consortium of six leading international banks, which includes: ABN AMRO Bank…
Austal bags $10m US Navy Contract
Austal announced the United States Department of Defense has awarded Austal USA US$10,252,142 for a cost-plus-award fee against a previously awarded Basic Ordering Agreement.
LNG Ships: Two DSME Orders for GTT
GTT announces it has received at the end of March, an order from the South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) for the design of the LNG tanks of two LNG carriers (LNGC).
US Interior Secretary Sees Little Demand for New Offshore Drilling
U.S. Interior Secretary Ryan Zinke said on Friday that he sees little demand from oil and gas companies for new offshore drilling leases, which could pose problems for his plan to ramp up output from federal waters.The comments come just three months after Zinke had proposed opening nearly all U.S. ocean coastlines to drilling, in a bid to raise domestic oil and gas production. The plan sparked immediate protests from coastal states…
