BTG Pactual's Condensate Export Deal to End Soon

Press release - BTG Pactual's contract to export condensate from the northeastern United States is set to expire soon, three trade sources said on Monday, just

ACS Calls Krishnapatnam Port

HYUNDAI MERCHANT MARINE (HMM), the Korean conglomerate operating its ASIA CHENNAI SERVICE (ACS) made an ad hoc call at Krishnapatnam Port on November 26, 2015.

Barge Master Launches Fit-for-Purpose Gangway

Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

Iraqi Kurdistan Minister Says No Link Between Oil Sales and Islamic State

The Iraqi Kurdish minister for natural resources said on Tuesday reports that the regional government was helping smuggle oil from fields controlled by Islamic

North Star Shipping Receives Safety Award

Press release - North Star Shipping has won a prestigious Sword of Honor from the British Safety Council. The company, which has the largest, wholly-owned British

Barge-Rail Service on Upper Columbia, Snake Rivers

  Container barge service is back on the upper Columbia and Snake rivers.The Up river Container Barge-Rail Shuttle will help importers and exporters in eastern Washington,

CMA CGM Seeking Funds for NOL Takeover

 France’s CMA CGM has approached banks to finance its potential takeover bid for Singapore’s Neptune Orient Lines Ltd (NOL), reports Bloomberg.   The world’s No.

Green Signal to New Access Channel to Port Said East

 The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval.   The head of the Suez Canal Authority (SCA),

Hapag-Lloyd Buys Back US Bonds

 German container line Hapag-Lloyd  Hapag-Lloyd settles a high-yield dollar bond partly prematurely. The carrier would seek to pay off $125m in principal on its

NY/NJ Port Authority Sees Debt Issuance of $1.2 bln in 2016

The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday.

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.

Panama Canal Wait Times Back to Normal

Waiting times for ships at the Panama Canal have returned to normal after poor weather and a spike in traffic caused delays for several weeks, the waterway's operator said on Monday.

Trucks Carrying Turkish Exports Blocked at Russian Border

Around 1,250 trucks carrying Turkish exports have been blocked from entering Russia and are stranded at border posts awaiting clearance, a senior shipping industry

Nord Stream-II Delays Tender for Pipes

The Gazprom-led Nord Stream-II gas pipeline consortium has delayed the results of a tender for pipes from January to March-April, a source at a pipe supplier to Gazprom said on Monday.

It's All in the Planning

Continuing voracious demand for mined materials in China, India and other developing nations has led to an associated requirement for increased bulk terminal capacity

Mozambique-South Africa Gas Pipeline to be Expanded by 2017

Petrochemicals company Sasol, the Mozambican and South African governments will invest a total of $210 million to build a new gas pipeline by 2017 that will increase

BP Jan-Sept Azeri Output Dips

Oil output from BP-led oilfields in Azerbaijan in the first three quarters of 2015 dipped compared with a year earlier, BP-Azerbaijan said on Monday, due to platform maintenance earlier this year.

Hoegh LNG Q3 Profits Disappoints

Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.

Torm Orders Four Tankers in $200 mln Deal

Danish shipping company Torm has signed an order for four fuel-efficient LR2 (long-range) product tanker vessels from Guangzhou Shipyard International in China for $200 million.

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