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India to Develop Port in Bangladesh
India is planning to establish a port in Bangladesh, says the Minister for Shipping, Nitin Gadkari. A high-level committee will be sent to the neighbouring country in this regard.
Maersk's Svitzer Establishes Montreal Harbour Towage
Denmark's Svitzer, the world's biggest tugboat operator, said on Monday it has established a harbour towage service in the Port of Montreal providing shipdocking, escort and ice-breaking services.
Asia Tankers-VLCC Rates Fall on Reduced Demand
MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers…
Greece Seals Sale of Piraeus Port to COSCO
Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatisation for the country since late last year.
Training toward Greater Maritime Security
Extensive maritime security training involving countries operating under the Djibouti Code of Conduct (DCoC) has taking place from March 20-April 7 in Jeddah, Saudi Arabia. Maritime law enforcement officials from 17 DCoC signatory States (the Comoros, Djibouti, Egypt, Ethiopia, Jordan, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Oman, Saudi Arabia, Seychelles, Somalia, South Africa, the Sudan…
Hundreds of Migrants Arrive in Italy from Egypt
Italy's coast guard said on Thursday it had rescued more than 300 migrants from a packed boat in which they had travelled hundreds of kilometres (miles) from Egypt to the Strait of Sicily.
China Teapot Refiners Create Qingdao Tanker Jam
Tankers at Qingdao port face up to 30-day wait. At least 15 large tankers wait to offload -shiptracking data. A surge in oil buying by China's newest crude importers…
British Gov't Met Potential Buyer for Tata Steel UK
The British government opened talks on Tuesday with potential buyers for Tata Steel's UK operations, including Sanjeev Gupta's commodities company Liberty Group…
Shell Bringing First US Import of Malaysian Condensate
A cargo of Malaysian Bintulu condensate bought by Royal Dutch Shell is sailing to New Orleans, Louisiana, a trade source in Asia familiar with the matter said on Tuesday…
Terex Port Solutions for Argentinian Power Plant
Terex Port Solutions (TPS) achieves another success in South America. The Argentinian power plant operator AES Argentina Generacion S.A. (AES) has ordered a Terex…
Taqa Extends Wood Group Contract
Wood Group has secured a two-year contract extension with TAQA in the North Sea. Wood Group PSN, will continue to provide engineering, construction and maintenance…
Europe Gasoline, Diesel Barge Swaps Weaken
Gasoline and naphtha crack swaps fell slightly on the week but remained supported by strong export demand for gasoline. Tankers carrying around 1 million tonnes…
Port2Port, Neptune Maritime Security to Merge
Two global maritime security risk management providers Port2Port Maritime Security and Neptune Maritime Security announced they have agreed to merge. The combined group will provide significant scale and service advantages to the shipping and offshore industries, as well as improving the global reach of both companies. The merger follows an extensive strategic evaluation process between both companies…
First of Nine New TNPA Tugs Sets Sail
The first of Transnet National Ports Authority’s nine new, powerful tugboats set sail from the Durban premises of contractor, Southern African Shipyards, on Saturday, April 2, destined for its new home at the Port of Port Elizabeth. The tug was ceremonially launched as MVEZO last October. It arrived in Port Elizabeth in the early hours of Monday, April 4. Port Elizabeth port manager, Rajesh Dana, said…
Asia Tankers-VLCC Rate Direction Uncertain
MidEast VLCC rates rise by more than $24,000 per day; China and Saudi Arabia fuel chartering surge. Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday…
Vale Says Mitsui Not Reconsidering Mozambique Coal Venture
Brazil's Vale SA, the world's No. 2 mining company, said on Thursday that partner Mitsui & Co Ltd has no plans to revise the terms of a coal venture project in Mozambique, as reported by a newspaper.
APM to Operate High Tech Tangier Terminal
The world's third largest port operator APM Terminals said it will invest 758 million euros ($858.3 million) in a new transhipment terminal in Tangier, Morocco,…
Morocco to Get First Automated Container Terminal
Port operator APM Terminals to develop a new transshipment terminal in Tangier, Morocco with an annual capacity of five million TEUs. APM Terminals MedPort Tangier will become operational in 2019…
SENER Names Jiménez Financial, Administrative Director
Engineering and technology group SENER has appointed Manuel Jiménez as the new Financial and Administrative Director of SENER’s Engineering and Construction Division, replacing José Luis Anzola, who has held the position of Corporate Chief Financial Officer of the SENER Group since 2015. Jiménez holds a degree in Economics and Business Science, specializing in Business Administration, from the University…
Migrant Arrivals to Greece Rise Sharply
Arrivals of refugees and migrants to Greece from Turkey rose sharply on Wednesday, just over a week since the European Union and Turkey struck a deal intended to cut off the flow.
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
