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US government backs LNG exports 21:57 17 May THE US Department of Energy today approved a second application for LNG exports to non-free-trade-agreement nations, implying a game-changing policy development for America's energy trade.
ICTSI eyes $200M from stock offer 9:36 17 May PHILIPPINES port operator ICTSI has set out to raise about 8.2Bn pesos ($200M) from the sale of up to 90M shares.
Great Lakes wins Miami deepening contract 5:48 17 May US ARMY Corps of Engineers has awarded Great Lakes Dredge & Dock a $122M contract to dredge Miami port’s offshore entrance channel to a depth of 50ft (15.24m).
Slow growth ahead for liner shipping 5:41 17 May THE CONTAINER shipping industry will face years of slow growth and even when the global economy starts to accelerate, liner trades will not reach the fast growth rates of the pre-crisis era.
Senate passes harbour bill 4:43 17 May US LAWMAKERS passed for the first time in six years a bill that helps maintain and improve US harbours.
Bulker crew ‘seriously injured’ 4:38 17 May A FILIPINO mariner sustained “serious injuries” while doing maintenance work on board bulk carrier Nordic Visby at Tauranga Port in New Zealand.
All-out war on Asia-Europe box trade 4:02 17 May ASIA-North Europe freight rates have fallen to low levels not seen since February 2012 and a sector analyst has warned that liners could regress to 2011 losses if capacity discipline is not maintained.
Pascagoula’s $1.47M dredging deal for CF Bean 13:31 16 May CF BEAN, the dredging contractor, will prepare a berth for a specialised wood pellet exporting facility at Bayou Casotte in the Port of Pascagoula, Mississippi, USA.
Adani Port profit grows three-fold 11:52 16 May GAUTAM Adani-owned Adani Ports and Special Economic Zone (APSEZ) stock hit a yearly high today on the Bombay Stock Exchange (BSE).
TTS in "breakthrough" Vietnam deals 10:25 16 May TTS Group, the listed Norwegian maritime equipment maker, says it has won two orders from Vietnam that marks a breakthrough for its ports and logistics business unit into the Far Eastern country.
TTI upgrades grain export scheme 15:59 15 May FASTER rail unloading times has caused terminal operator TTI to increase the capacity of a planned grain export facility at the Port of Long Beach.
ESPO "worried" about port regulation 14:58 15 May European Sea Ports Organisation has said that it is “worried” about a draft port regulation due to be adopted by the European Commission next week.
Industrial action worsens congestion in Newcastle 10:32 15 May DRYBULK snarls in Newcastle worsened as unions continue to battle Port Waratah Coal Services in a dispute over a new enterprise agreement.
Box importers predict weak summer 9:19 15 May CAUTIOUS retailers hesitant to restock inventories could slow US box imports to a standstill by the end of summer, a major importer group has warned.
Ports America expands at LA 16:26 14 May TERMINAL operator Ports America has won a five-year contract to take over cruise operations at the Port of Los Angeles.
Funding shortfall blamed for tower smash 15:11 14 May THE president of Italy’s logistics association has linked the recent fatal incident at the port of Genoa to a chronic failure to invest in Italy’s port infrastructure.
Venezuela box imports dwindle 14:28 14 May CARIBBEAN container volumes are being hit by a sudden decline in Venezuelan imports, port and carrier executives have told Fairplay.
Evergreen named Best Trans-Pacific Shipping Line 14:18 14 May TAIWAN’S Evergreen Line has been awarded Best Ocean Carrier – Transpacific at the 27st Annual Asian Freight & Supply Chain Awards (AFSCA) on 9 May, the company announced yesterday.
Classic cruise ships to return to service 14:16 14 May PORTUGUESE businessman Rui Alegre has confirmed that he plans to bring four former Classic International Cruises (CIC) ships back into operation under a new company.
MMC profits rise by 177% 10:56 14 May MALAYSIAN port operator MMC Corporation Berhad said profits for 2012 increased 177% to 999M ringgit ($334M) due one-off gain from a subsidiary’s listing exercise.
IT success for Benin 14:52 13 May The Port Authority of Cotonou, Benin, won the International Association of Ports & Harbors (IAPH) IT Award at the organisation’s biennial conference in Los Angeles on 9 May.
Dredging bids sought for NYC coastal nourishment 5:44 13 May THE US Army Corps of Engineers’ New York district will on 11 June open the bidding for a $25-100M dredging contract at New York City’s Rockaway Beach following the damage wreaked by 2012’s Hurricane Sandy.
Van Oord’s Stingray nets $80M contracts 4:59 13 May BARELY off the launching blocks, Stingray, Dutch dredging contractor Van Oord’s new shallow water pipelay vessel, has won two contracts worth about $80M (€60M).
Asia-Europe spot box rate plunges 3:34 13 May SPOT freight rates in Asia-Europe trade, which employs most of the largest container ships, has plunged 30% in just five weeks.
Container rate slump continues 13:00 10 May SPOT freight rates on the major Far East export routes continued their slump this week despite a number of blanked sailings by the container lines.
Container freight volume rises m/m 10:50 10 May THE NUMBER of containers carried by sea rose in March on the previous month, but fell slightly year on year with cold weather in Europe hurting the business, figures from Container Trade Statistics (CTS), the UK based consultancy show.
Time to think about using LNG? 15:46 9 May If a vessel is spending a third or more of its time in a control area then it is time to think about using LNG as a fuel, the International Association of Ports & Harbors conference in Los Angeles heard yesterday.
Pakistan, Indonesia boost ICTSI profits 13:34 9 May MORE volumes handled through its new terminals in Jakarta, Indonesia and Karachi, Pakistan boosted ICTSI’s profits by 15% in the first quarter this year.
RCL, MCC swap slots 12:02 9 May INTRA-Asia carriers RCL and MCC Transport have entered into a slot exchange agreement.
HMM seals CoA with Komipo 11:57 9 May HYUNDAI Merchant Marine has sealed a contract of affreightment with compatriot power generation company Korea Midland Power.