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Port of Antwerp twins with Guangzhou
The ports of Antwerp and Guangzhou are to collaborate even more closely under the terms of a twinning agreement signed on Thursday 10 December in the Chinese port city.
New ICE Sugar Deal to Include Fewer Eligible Ports
Intercontinental Exchange's new contract for white sugar shipped in containers will feature fewer eligible delivery ports than the current break bulk contract, an…
Ophir Energy signs up LNG buyers for Fortuna
Ophir Energy has signed a preliminary agreement to sell gas from its Fortuna floating liquefied natural gas (FLNG ) project in west Africa. All the six counterparties…
Baker Hughes Deal Likely to Close in 2016 -Halliburton Exec
Oilfield services company Halliburton's proposed $35 billion acquisition of rival Baker Hughes Inc will likely close in 2016 instead of this year as talks with U.S.
Authorities Recover 11 Bodies After Migrant Boat Sinks
Moroccan authorities have recovered the bodies of 11 African migrants whose boat sank apparently due to bad weather as they tried to cross to the Canary Islands, officials said on Wednesday.
Maersk Saigon Runs Aground in Brazil
The container ship Maersk Saigon left the fairway and grounded near near buoy 2A at Santos port channel during departure from the terminal. Maersk Saigon was grounded…
S. Africa Preparing for "worst-case" Maize Import Scenario
South Africa is laying the groundwork in case it needs to import as much as 4 million tonnes of maize after successive seasons of drought threaten the crop in Africa's top producer of the grain…
Marlink Upgrades Maridive OSVs to VSAT Broadband
Egypt headquartered Maridive Group, an international offshore marine and oil support services provider, has chosen to migrate 24 of its Offshore Support Vessels…
Fast Crew Supplier for P&O Repasa
P&O Repasa, a new company formed last year by the acquisition of the majority of the shares in Spanish towage firm Repasa by P&O Maritime, has taken delivery of one Damen Fast Crew Supplier 5009. The vessel will be operated from Malabo on Bioko Island, Equatorial Guinea. The Red Eagle will ferry personnel and equipment, and supply drinking water and fuel, to offshore rigs and platforms. Built for stock at Damen’s partner Song Thu Shipyard in Vietnam…
Europe's Diesel Market Hits Crunch Time
Tankers that took a longer route set to arrive; storage in main hub nearly 70 percent full. Europe's new status as the dumping ground for the world's excess diesel…
CMA CGM to Acquire NOL
The proposed cash acquisition of NOL at SGD 1.30 per NOL share, represents a 49% premium to NOL’s unaffected share price. Strategic acquisition resulting in combined…
Salalah Announces New CMA CGM Service Calls
The Port of Salalah, a major Arab Gulf region gateway port and transshipment hub on the Arabian Sea, has announced that French-based CMA CGM, the world’s third-largest container shipping line…
Adani Mulls Necklace of Ports in India
The $10-billion Adani Group is stringing together a Sagar Mala or necklace of ports dotting India's coastline, said Karan Adani, reports ET. The group is keen to…
Strategic Marine’s Vessels: Ready for Prompt Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its high-tech stock vessels are now available for immediate delivery. “The demand…
Asia VLCC rates Steady at Five-Year High
MidEast-Japan rates top $111,000 a day, highest since June 2010. Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as…
HMAS Melbourne Seizes $44.5 mln Heroin
HMAS Melbourne recently seized 151 kilograms of heroin worth an estimated $AUD44.5 million from a dhow off the east coast of Africa. The drug haul is the second…
Strategic Marine’s Two Vessels Ready for Delivery
Strategic Marine, the specialist shipbuilder and fabricator, confirmed today that its most popular high-tech stock vessels are now available for immediate delivery.
European Shipping Policy Seeks Global Cooperation
Global cooperation must remain an absolute priority of European shipping policy. That was the principal message of ECSA’s contribution to the Senior Maritime Forum of Marintec China…
Oil Storage Business is Booming
(John Kemp is a Reuters market analyst. Oil producers may be struggling as a result of low prices but the oil storage business has never been in better shape. U.S.
Opportunities for Growth as Chinese Economy Evolves
The global breakbulk and heavy-lift markets have had to navigate choppy waters in recent years. Not necessarily due to a shortage of freight, but as a consequence of unsustainably low freight rates. The global economic recovery since 2009 has been slow, and competition for the multipurpose sector has intensified due to bulkers, container lines and RoRo’s making forays into the breakbulk and heavylift market…