Category archives for: Company News

Panama Canal Hosting 2nd International Maintenance Congress

Panama Canal Hosting 2nd International Maintenance Congress

The Panama Canal Authority (ACP) has opened the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture. “Maintenance has been fundamental for the Canal to operate as it does today, after more than 100 years in operation,” […]

Dry Bulk Shipping Earnings Set for Comeback

Dry Bulk Shipping Earnings Set for Comeback

Despite weak freight rates so far this year, dry bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by shipping consultancy Drewry. Freight rates have been depressed due to a continuing oversupply of vessel capacity, despite recent moderation in […]

Skangass Cleared for New LNG Terminal

Skangass Cleared for New LNG Terminal

The Swedish Government has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden, the company said. Skangass aims at starting the construction work during 2015. The permission is given for a storing capacity of 30 000 m3 LNG and a handling of up […]

Western Australia Selling Terminals to Cut Debts

Western Australia Selling Terminals to Cut Debts

The Western Australia’s State Government will among other assets sell port handling facilities in Port Hedland and Kwinana in the first round of asset sales to reduce the state’s debt levels. Announcing the projects listed for disposal, Premier Colin Barnett said the state’s priority was to reduce debt and regain the triple-A credit rating. “These […]

Port Metro Vancouver’s Volumes Strong despite Disruptions

Port Metro Vancouver’s Volumes Strong despite Disruptions

Canada’s largest port, Port Metro Vancouver, has concluded the first half of 2014 on a positive note, with their mid-year report showing a 3.6 per cent growth in overall tonnage compared to the same period last year, handling more than 69 million tonnes of cargo in the first half of 2014. “At the mid-point of […]

Northwestern Passage to Open by Early September

Northwestern Passage to Open by Early September

Large areas of sea ice still remain in the Northwestern Passage along the Canadian coast. However, based on analysis of satellite images by the Global Ice Center (GIC), ice experts at Japan-based Weathernews predict this should melt away by early September, thus opening the passage for vessels. The Northern Sea Route bordering Russia is now […]

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä to Look After Harvey Gulf’s Newbuilds

Wärtsilä has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC. This five-year agreement covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply and multi-purpose support vessels – six liquefied natural gas (LNG) fuelled platform supply vessels and two offshore construction vessels powered by diesel fuel. Condition Based […]

Storm Shuts Down Two Cargo Terminals at Long Beach

Storm Shuts Down Two Cargo Terminals at Long Beach

Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Total Terminals International on Pier T, with two Mediterranean Shipping Co. container ships at berth, and Crescent Terminals […]

Atlantic Handysize Dry Market Taking an Upward Curve

Atlantic Handysize Dry Market Taking an Upward Curve

Front-haul rates for handysize fleet are increasing in the US Gulf as more grain stems come onto the market and the tonnage list is thin, Platts writes citing unnamed shipping sources. A 58,000 dwt vessel can now expect to achieve $20,000/d to take grain stems from the US Gulf Coast to China with September dates, […]

Bigger Ships Needed for US Ethane Boom

Bigger Ships Needed for US Ethane Boom

Lloyd’s Register has issued a report entitled Seaborne Ethane: a Report into the Commercial Need and Technical Requirements for Very Large Ethane Carriers that looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased US gas production – and the technology required for […]

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