Internacional

The Port of Corpus Christi Commission has approved a long-term lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group, for approximately 200 acres on Harbor Island to develop a petroleum export terminal. zoomImage Courtesy: Port of Corpus Christi As informed, Lone Star Ports’ facility on Harbor Island is designed to be the deepest-draft safe ...

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. zoomIllustration; Image Courtesy: K Line As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures mainly for vessels. In addition to the recently unveiled structural reforms, the company has been developing ...

China’s COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China). zoomIllustration; Image Courtesy: Pxhere under Public Domain license   According to the agreement inked on March 28, 2019, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m for COSCO ...

Dutch shipping company Visser Shipping has signed a contract to outfit its three 9.0 MW containerships with hybrid-ready scrubber systems. zoomIllustration. Image Courtesy: Pxhere under CC0 Creative Commons license Signed with Value Maritime, the contract includes an option for a fourth scrubber. The open-loop scrubbers are set to be installed on Visser Shipping’s vessels between October and December this year ...

Japanese shipping major Mitsui O.S.K. Lines (MOL) has started 2019 fiscal year with new objectives aimed at addressing environmental issues and enhancing competitiveness. zoomIllustration. Image Courtesy: Pexels under CC0 Creative Commons license On the occasion of MOL’s 135th anniversary, Junichiro Ikeda, the company’s president & CEO, delivered a speech to employees on April 1, 2019. During the speech, he presented ...

Navios Maritime Acquisition, an owner and operator of tanker vessels, has sold the oldest vessel in its fleet, the C. Dream. zoomIllustration; Image Courtesy of Shaah Shahidh on Unsplash Navios Maritime Acquisition, an owner and operator of tanker vessels, has sold the oldest vessel in its  As informed, the very large crude carrier has been sold for USD 21.75 million. ...

The Expanded Panama Canal commemorated its 1,000th day in operation on March 22, marking a milestone for the waterway that continues to redefine world trade routes and exceed expectations.  zoomImage Courtesy: Panama Canal “During these 1,000 days, the Panama Canal’s workforce has not only met the challenge of successfully managing the Neopanamax Locks, but also exceeded the projections we had ...

Monaco-based dry bulk shipping company Scorpio Bulkers has agreed with certain lenders to increase certain existing credit facilities by a total of USD 41 million. zoomIllustration. Image Courtesy: PxHere under CC0 Creative Commons license The company reached the agreement in order to finance the installation of exhaust gas cleaning systems (scrubbers) on certain of its vessels. Scorpio Bulkers said that the ...

MSI expects the Asia-Europe and transpacific headhaul trades to be difficult for container lines in the coming months, with limited traffic increases likely to be outstripped by capacity rises. Overall container trade volume growth will remain tepid in the summer months, according to Maritime Strategies International. The analyst said there remained potential for near-term upside for the Eurozone economy and continued ...

Combined entity set to become a $17.8bn ‘top 4’ global freight player after majority of Panalpina shareholders agree to CHF195.8 per share offer, valuing the Swiss forwarder at CHF4.6 billion. DSV and Panalpina have reached an agreement on the terms and conditions of a merger that will create one of the world’s largest transport and logistics companies, with a combined ...