News


Great Lakes Limestone Trade Up in 2017

Shipments of limestone on the Great Lakes totaled 28 million tons in 2017, an increase of 6.4 percent compared to 2016, the Lake Carriers’ Association (LCA) reported. 2017’s loadings were also 2.1 percent above the trade’s five-year average.

Qatargas-RasGas Merger

 The integration of RasGas with Qatargas will enable the world’s largest LNG exporter to save QR2bn ($550 million) a year, Qatar Petroleum (QP), the state-owned energy giant, announced.   Saad Sherida Al-Kaabi,

NYK Line Focuses on Green and Digitalization

 NYK president Tadaaki Naito called for promoting environmental issues and the utilization of IoT. "I hope to advance the group’s activities with a focus particularly on the keywords 'green' and 'digitalization' this year," he said.

Record Volume for Viking Line in 2017

 The total number of passengers who travelled with Viking Line in 2017 was 6,881,149 (6,502,191) or nearly 6 per cent more than in 2016. That figure is the highest in Viking Line’s history.    The number of cargo units was 127,668 (131,918) while the number of passenger cars was 762,253 (682,194).

MOL CEO Optimistic on 2018

 President & CEO of Mitsui O.S.K. Lines Junichiro Ikeda says that his company is  strongly determined to shape the future of the industry.     Looking at the shipping market, conditions were mixed across businesses, with firm conditions in dry bulkers but weaker trends in tankers, for example.

DryShips Adds Fourth VLGC

 DryShips, a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of its fourth high specification very large gas carrier (VLGC) newbuilding.   The VLGC will be

Westports Records Throughput of 9m TEUs

 Malaysian port operator Westports Holdings Berhad  recorded FY17 container throughput of 9m TEUs which declined 10% YoY, in-line with our expectation of a poorer throughput outlook for the year.    The decline was mainly due to drop in transhipment,

New Platform for Managing Liquid Terminal Product Movements

Oceaneering International, Inc. announced that its TerminalSmart platform can now be used to manage all liquid terminal product movements across the entire facility from the dock to tanks and pipelines.

Suez Canal Revenues Rise to $5.3 Bln

Egypt's Suez Canal revenues rose to $5.3 bln in 2017 from $5 bln in 2016, a statement by the Canal authority said on Thursday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.

Port of Portland Adds New Rail Service

The Port of Portland has created another new option for moving container freight by way of a railway partnership at Terminal 6. Starting this week, shippers can move their product on a rail shuttle to the Puget Sound ports.

NY/NJ Forwarders & Brokers to Honor Evergreen's Amalfitano

Roy Amalfitano, Vice Chairman of Evergreen Shipping Agency (America) Corp., has been chosen by the New York/New Jersey Foreign Freight Forwarders and Brokers Association, Inc. to receive the 2018 Person of the Year Award.

SUITS Aims to Make Space Casualties a Thing of the Past

SUITS has been developed by Martek Marine Ltd to improve the safety of surveyors and crew members when inspecting tanks, eliminating the need to enter hazardous, confined spaces on board. SUITS combines