News


SSA Terminals Extends Marine Lease at Oakland

 A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027.  The agreement includes options that could keep SSA Terminals (Oakland) here to 2042.  The Port today characterized the deal as validation for the city’s maritime future.

Dorian LPG Rejects BW LPG Merger Offer

 Dorian LPG announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from Norway's BW LPG, the world's largest liquid petroleum gas shipper, to combine with Dorian in a stock-for-stock transaction.

Navios Maritime Containers files for a $100 million IPO

 Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering.    The information of IPO was originally provided by the IPO investment manager Renaissance Capital.

DP World Not for Settlement with Djibouti

 The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal.

NYK Line, Asahi Shipping Sign Contract with Kobe Steel

 Nippon Yusen Kabushiki Kaisha (NYK Line)  together with Asahi Shipping, has concluded a long-term contract with Kobe Steel for the transport of coal for up to 20 years aboard a newly built ship.    After delivery of the new vessel from Oshima Shipbuilding in 2021,

Noble Group Sells Kamsarmax Dry Bulker to Aeolian Spirit Shipping

 The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million.  Noble said in a press annoucement that its indirect wholly-owned subsidiary,

DNV GL First Type Approval for Aluminium Cables Onboard Ships

 As the competitive and economic pressure on the shipping and offshore industries continues to grow, owners, operators and yards are searching for every efficiency. To support its customers, DNV GL has

China Surprises with Threat on US Energy Exports

Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.

Corpus Christi Gearing Up to Handle US Shale Export Boom

Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.

Trump Announces 25% Tariff on Chinese Technology

President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures.

China to Impose 25% Tariffs on 659 US Goods

China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.

Tiny Japan Shipping Shares Jump on North Korea Detente Hopes

Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.