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Korea Line Clinches LNG Shipping Deal from KOGAS

Korea Line Clinches LNG Shipping Deal from KOGASKorean shipping major Korea Line Corporation (KLC) has secured a KRW 1.27 trillion (USD 1.1 billion) contract to transport liquefied natural gas (LNG) for its compatriot Korea Gas Corporation (KOGAS).

Fitch: Traffic Growth in Ports to Remain Muted

Fitch: Traffic Growth in Ports to Remain MutedTraffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, according to Fitch Ratings.

DP World, Masdar Team Up on Clean Energy Solutions for Ports, Free Zones

DP World, Masdar Team Up on Clean Energy Solutions for Ports, Free ZonesDubai-based port and terminal operator DP World and Abu Dhabi’s renewable energy company Masdar have signed a memorandum of understanding (MoU) to explore clean energy solutions for DP World’s ports and free zones in the Middle East and Africa.

Greenship Bulk Trust to Shut Down Its Business

Greenship Bulk Trust to Shut Down Its BusinessSingapore-based Greenship Bulk Trust has decided to close down its business following the delivery of its last vessel, repayment of the loan in principal and interest and distribution of the second tranche of the sale proceeds.

PANYNJ to Discuss Cargo Facility Charge with OCEMA

PANYNJ to Discuss Cargo Facility Charge with OCEMAThe Port Authority of New York and New Jersey has been cleared to launch discussions related to the cargo facility charge with Ocean Carrier Equipment Management Association (OCEMA) as of June 25, 2017.

Vard Lays Keel for Hapag-Lloyd Cruises’ 1st Expedition Ship

Vard Lays Keel for Hapag-Lloyd Cruises’ 1st Expedition ShipThe keel has been laid for Hanseatic Nature, the first of two expedition new-builds owned by Hapag-Lloyd Cruises that are being built at VARD shipyard in Tulcea, Romania.

PPA’s New Floating Dock for 80,000-Ton Ships to Start Ops in November

PPA’s New Floating Dock for 80,000-Ton Ships to Start Ops in NovemberPiraeus Port Authority (PPA) informed that its new floating dock for ships with carrying capacity of 80,000 tons is expected to begin operations in November.

Expanded Panama Canal Tops Expectations in First Year

Expanded Panama Canal Tops Expectations in First YearOn its way to further position Panama as the logistics hub of the Americas, the Expanded Panama Canal has set a number of records and surpassed expectations in its first year of operations, resulting in redrawn global trade routes.

Irish Shipping Volumes Off to a Good Start

Irish Shipping Volumes Off to a Good StartShipping and port activity in Ireland rose by 7% in the first quarter of 2017 when compared to the corresponding period of 2016, Irish Maritime Development Office (IMDO)

Spain: Workers Suspend Strikes as Companies Quit Anesco

Spain: Workers Suspend Strikes as Companies Quit AnescoThe Spanish stevedoring unions have decided to shelve their strike plans for the rest of this month as a sign of good will.

IMO: Integrated Approach to Maritime Sector Needed for Economic Stability, SD

IMO: Integrated Approach to Maritime Sector Needed for Economic Stability, SDEconomic stability and sustainable development can be driven by an integrated approach to the maritime sector, including ports

Port of Felixstowe Welcomes World’s Largest Boxship

Port of Felixstowe Welcomes World’s Largest BoxshipThe 21,413 TEU OOCL Hong Kong made its maiden call at Hutchison Ports’ Port of Felixstowe on June 21. The call also marked the return of Orient Overseas Container Line (OOCL) to the UK’s largest container port after a 17-year absence.

Sweden Inaugurates Expanded Port of Kapellskäras

Sweden Inaugurates Expanded Port of KapellskärasSweden has completed a three-year refurbishment and expansion project at the country’s port of Kapellskäras the port prepares to welcome the vessels of the future.

Canadian tankers Travestern and Havelstern collision, Newfoundland

Canadian tankers Travestern and Havelstern collision, NewfoundlandThe Transportation Safety Board of Canada is investigating a collision between two coastal fuel tankers along Newfoundland’s north coast.

Norwegian OSV Mega-Merger Completed

Norwegian OSV Mega-Merger CompletedThe world’s largest high-end offshore service vessel company was created Wednesday with the completion of the mergers involving former Norwegian offshore shipping companies Farstad Shipping

Two Shipping Companies to Pay $1.9 Million Fine Over Illegal Dumping, Cover-Up

Two Shipping Companies to Pay $1.9 Million Fine Over Illegal Dumping, Cover-UpTwo international shipping companies have pleaded guilty in U.S. federal court in Beaumont

AET’s New LNG-Fueled Shuttle Tankers to Work for Statoil

AET’s New LNG-Fueled Shuttle Tankers to Work for StatoilTanker owner and operator AET, a part of MISC Berhad, has confirmed an order for two shuttle tankers, which will be chartered to Norwegian oil and gas major Statoil.

South Africa Rejects Japanese Trio’s Merger Deal

South Africa Rejects Japanese Trio’s Merger DealThe South African Competition Commission has decided to block the proposed merger between Japan’s big three container shipping companies.

MSC Buys Remaining Stake in Brazil’s Portonave

MSC Buys Remaining Stake in Brazil’s PortonaveSwiss container shipping giant Mediterranean Shipping Company (MSC) has taken full control at Brazil’s port operator Portonave as it purchased the remaining shares in the company.

SCPA Approves Largest Capital Plan to Date

SCPA Approves Largest Capital Plan to DateThe South Carolina Ports Authority (SCPA) board of directors adopted a 2018 fiscal year financial plan that includes six percent pier container growth, USD 251.1 million operating revenues

USCG Issues Updated BWMS Approval to Sunrui

USCG Issues Updated BWMS Approval to SunruiThe United States Coast Guard (USCG) Marine Safety Center has issued an updated type approval certificate to China-based Sunrui Environmental Engineering for the company’s BalClor ballast water management system (BWMS).

Muted Impact of Qatar Crisis on LNG Sector

Muted Impact of Qatar Crisis on LNG SectorThe severing of diplomatic ties between Qatar and its neighbors in the Gulf has caught the market off guard, causing a lot of concern amid growing uncertainty surrounding the impact of the crisis on the shipping industry.

Newbuilt Panamax Added to Golden Ocean’s Fleet

Newbuilt Panamax Added to Golden Ocean’s FleetNasdaq-listed dry bulk shipping company Golden Ocean Group Limited has added one more bulker, bought in March this year within a 16-vessel deal, to its fleet.

Golar LNG, Delfin Midstream Team Up on Delfin LNG

Golar LNG, Delfin Midstream Team Up on Delfin LNGDelfin Midstream and Golar LNG Limited have entered into a joint development agreement for the Delfin LNG project, off the coast of Cameron Parish, Lousiana utilising Golar’s FLNG technology.

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