News


Sovcomflot's Pskov Loads First Cargo from Yamal LNG

The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant.August 08 marked the launch of the second production train at Yamal LNG,

NYK to Test Autonomous Boxship

Nippon Yusen Kaisha (NYK) and NYK Group companies MTI Co. Ltd., Keihin Dock Co. Ltd., and Japan Marine Science Inc. (JMS) have been selected by Japan's Ministry of Land, Infrastructure, Transportation

Hapag-Lloyd to Accelerate Digitalization as it Doubles 1H 2018 Loss

The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss

Yang Ming Sinks into Red

Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of  NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated revenues total NTD33.6 billion (USD1.

Indian Ports Register Positive Growth of 4.13%

The major ports in India have recorded a growth of 4.13% and together handled 231.48 Million Tonnes of cargo during the period April to July, 2018 as against 222.29 Million Tonnes handled during the corresponding period of previous year.

Hehr Named Security Director at Port of Long Beach

The Long Beach Board of Harbor Commissioners has appointed Casey Hehr to lead the Security Division at the nation’s second-busiest seaport.Hehr has been with the Port of Long Beach since November 2016, serving as the Assistant Director of Security.

Gazpromneft Issues Tender for Novy Port Crude Oil Loading in Sept 2018

Gazpromneft issued a spot tender on Friday to sell a cargo of light sweet Novy Port crude oil loading from Murmansk port in September, traders said.The producer is offering 100,000 tonnes of Novy Port crude oil loading from the RPK-Nord offshore terminal in the Murmansk port area on September 16-29,

New Cranes Arrive at Port Houston’s Bayport Terminal

The arrival of three new 270 foot-tall Super Post-Panamax cranes to Port Houston’s Bayport Container Terminal on Tuesday highlights $100 million in terminal investments.The three neo-panamax ship-to-shore (STS) cranes were the first of two crane shipments Port Houston received this week.

CGB Expands Soybean Processing Plant

The Consolidated Grain and Barge Co. (CGB)  announced the completion of its $32 million expansion at its soybean processing facility at the Port of Indiana-Mount Vernon.CGB President and CEO Kevin Adams

Long Beach Box Volumes Dip in July

The Port of Long Beach reported it saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.The drop, 4.4 percent, was attributed to shipping alliances’ decisions in July to shift vessel deployment and port calls.

India to Probe Subsidized Stainless Steel Imports from China

India has launched an investigation into subsidized production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said.The Directorate General of Trade Remedies,

Germany Maintains Large Trade Surplus with US

Germany's exports to the United States in the first half of this year were worth 24.4 billion euros ($28.3 billion) more than its imports of U.S. goods, data from the Federal Statistics Office showed on Friday.