News


Protests at Santos Port Impacting Flow of Goods

Protests by truckers in Brazil demanding a reduction in diesel prices have impacted the flow of goods at Santos, Latin America's largest port, the port administration said on Monday.Santos port authority said the protests have restricted the arrival of goods to several terminals,

Mdawe Takes Over As TNPA COO

Nozipho Mdawe has been appointed as Transnet National Ports Authority (TNPA) Chief Operating Officer (COO), effective May 21, 2018. She takes over the role recently vacated by Phyllis Difeto and briefly held in an acting capacity by Moshe Motlohi.

Unda Named CEO of SENER Group

Jorge Unda, until now the Managing Director of the Engineering and Construction area of the SENER Group, has been appointed CEO for the entire Group, replacing Jorge Sendagorta, who previously combined the positions of President and CEO.

Record April Boosts Savannah's Box Trade

The Georgia Ports Authority's busiest April ever pushed its fiscal year-to-date totals to more than 3.4 million twenty-foot equivalent container units, an increase of 8.8 percent (280,000 TEUs) compared to the first 10 months of FY2017.

Kalmar Contracted for Automation Retrofit of Two Kalmar RTGs

Kalmar, part of Cargotec, said it has been awarded a contract for the automation retrofit of two Kalmar rubber-tyred gantry cranes (RTGs) by Borg Havn IKS, Norway.The order, which also includes a one-year maintenance and support agreement for the automation software,

Baltic Index Down for Fifth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth-straight session on Monday as capesize vessel rates remained weak.The overall index,

Ship Owners See Sulfur Cap Chaos in 2020 -ICS

The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International Maritime Organization (IMO) resolves some serious issues concerning the implementation of the 0.5 percent sulfur in marine fuel cap, which is scheduled to come into effect globally on January 1, 2020.

Maersk's Damco Leases Logistics Center in Los Angeles

Damco, a part of Denmark's A. P. Moller-Maersk, has agreed with Goodman Group on a 10-year lease of a one million square feet logistics center in Los Angeles, the two companies said in a joint statement on Monday.

Tokyo Gas Takes First LNG Cargo from Cove Point

Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel.

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.

Oil Up as U.S., China hit the Trade War Pause Button

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold". Brent crude futures were at $79.

Novatek Plans New Arctic Transport Company

 Russia's gas production and sales company PAO Novatek has created a transportation unit called Maritime Arctic Transport.   "The Board of Directors of PAO Novatek  resolved on creating a transportation subsidiary called Maritime Arctic Transport LLC to manage and optimize transportation costs,