Only 10% of Shale Firms Reports Positive Cash Flow
Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing…
Gothenburg Port Reaches Major Milestone
According to the Port of Gothenburg, an important milestone is reached in the largest development project at the Port of Gothenburg in 40 years.The first phase of…
Calcasieu Pass LNG Facility Gets $1.3bln
US liquefied natural gas (LNG) developer Venture Global LNG has signed a deal with investment firm Stonepeak Infrastructure Partners for a $1.3bn equity investment…
APM Terminals Boosts Nigerian Agri-Export
The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of…
NYK Tops Green Flag Program
Japanese shipping giant Nippon Yūsen Kabushiki Kaisha or NYK Line has been recognized as one of the top shipping lines in the Green Flag vessel speed reduction program…
Bechtel Bags Rio Grande LNG EPC Deal
US project management services provider Bechtel has won the engineering, procurement, and construction (EPC) contracts totaling $9.565 billion for the LNG export…
Long Beach Port Awards Scholarships
The U.S. gateway for trans-Pacific trade Port of Long Beach announced $100,000 in scholarships for 77 local college and high school students as part of a dramatically…
European Consortium Launches 3D Project
A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN) and Total, launched a project to demonstrate an innovative…
WFW Advises Star Bulk on Vessels Acquisition
Watson Farley & Williams (WFW), an international law firm based in London, has advised NASDAQ listed Star Bulk Carriers Corp on the acquisition of 11 dry bulk vessels…
Hutchison Ports, CN Rail to Build Terminal in Canada
Canadian Québec Port Authority (QPA) has signed a long-term commercial agreement with Hong Kong's Hutchison Ports and Canadian National Railway (CN) to build and operate a new container terminal…
Safe Bulkers Ready for IMO Target with Scrubbers
Safe Bulkers, the provider of marine drybulk transportation services, said that it is on schedule in implementing its environmental investments installing scrubbers…
EU NAVFOR Reviews Somali Piracy Attack
The European Union’s counter-piracy force EU NAVFOR Somalia Operation Atalanta has revealed the scenerio after having responded to the attack on 21 April. The suspected…
EU to Finance AUTOSHIP
While the shipbuilding market has been advantaging Asian lower-cost manufacturing in the last decades, AUTOSHIP will build around two EU industrial market and leading technology providers…
DMA Begins Digital Voyage
The Danish Maritime Authority (DMA) has launched a pilot project on digital certificates for seafarers.MUMBAI MÆRSK heads out from the Port of Aarhus for destinations in Europe…
CMA CGM's Turnaround Plan for CEVA
Following the friendly takeover bid for the contract logistics and freight management solutions provider CEVA Logistics, the French container transportation and…
South African Court Halts Port Strike
The South African Transport and Allied Workers Union (Satawu) said on Wednesday a court interdiction secured by the national ports authority has stopped planned strike action at ports from Thursday."Transnet National Ports Authority has interdicted the strike and the Labour Court has reserved judgment until Sept.
West of England P&I Club’s Finances 'Robust'
West of England P&I Club has announced its results for the year ending 20 February 2019. The Club’s capital has strengthened and remains considerably in excess of the ‘AAA’ capital strength requirement under Standard and Poor’s model.This has been re-affirmed in its financial strength rating of A-, reflecting its view that the Club will sustain its ‘extremely strong’ capitalization. The free reserve…
Iran Dismisses U.S. Remarks on UAE Tanker Attacks
Iran's foreign ministry spokesman on Wednesday dismissed remarks by U.S. National Security Adviser John Bolton that Iranian naval mines were likely used in attacks…
Marlink Extends Partnership with Newtec
Newtec, a specialist in the design, development and manufacture of equipment for satellite communications, and Marlink have extended their partnership to future-proof Marlink’s global VSAT network.Marlink will adopt the Newtec Dialog platform to evolve and enhance its VSAT services for its maritime customers. The agreement builds on the companies’ long-term cooperation in the Enterprise market. Driven by the rising demand from its extensive customer base for higher throughput services…
CMA CGM Upbeat Despite China-U.S. spat
Shipping giant CMA CGM expects to see further growth in its volumes this year as increasing activity from southeast Asia towards the United States helps make up for slowing China-U.S. flows that were a drag on its first quarter.French-based CMA CGM, the world's fourth-largest containing shipping firm, reported on Wednesday a first-quarter net loss of $43 million, compared with a $77 million loss in the same period last year."We are very confident about seeing our volumes grow in 2019…
