US Petrochemical Supply Chain & Logistics Market Overview

Petrochemical Update released their 2018 – State of the U.S. Petrochemical Supply Chain Whitepaper.

Outlook for Global Shipping Sector Remains Stable

Containership

Moody's: Global shipping sector's outlook remains stable with overall sector earnings growth of 4%-5%.

read more →

Moody's Upgrades Royal Caribbean Rating

Moody’s upgraded Royal Caribbean Cruises' senior unsecured rating to Baa2 from Baa3. Rating outlook is stable.

read more →

Nordic American Tankers Abandons Bond Offering

Tanker

Suezmax owner Nordic American Tankers (NAT) has decided to abandon its previously planned bond offering.

read more →

NRF: Tariffs against China to Hurt Recent Economic Progress

Port of Oakland

NRF: Trump administration's tariffs on USD 50 billion of Chinese imports would undermine recent economic progress.

read more →

Port of Oakland, SSA Terminals Agree New Lease to 2027

Port of Oakland has extended the lease with SSA Terminals (Oakland), its largest terminal operator, through 2027.

read more →

Dorian LPG Says No to BW LPG’s Takeover Bid

USD

Dorian LPG has rejected a takeover bid from Singapore-based counterpart BW LPG.

read more →

International Seaways Wraps Up Purchase of 6 Euronav VLCCs

International Seaways (INSW) completes the acquisition of six 300,000 dwt VLCCs from Euronav NV.

read more →

Royal Caribbean to Buy Majority Stake in Silversea Cruises

Royal Caribbean Cruises (RCL) will acquire a a 66.7% equity stake in Silversea Cruises for a price of USD 1 billion.

read more →

Panama Canal Ups Maximum Draft for Neopanamax Locks

Panama Canal

Panama Canal Authority has increased the maximum allowable draft for vessels transiting the Neopanamax locks.

read more →

Ocean Inks Deal with Kingston Port for Towage Services

Ocean signed a 10-year contract with the Port Authority of Jamaica for harbor towage services at the Kingston Harbour.

read more →

NAT Fixes Newbuilding Suezmax with Equinor

Tanker

Nordic American Tankers has secured a 3-year time charter deal, plus options, for one of its new Suezmaxes.

read more →

USCG Medevacs Crewman from Tanker Eagle Texas

USCG

A 45-year-old man was medevaced from the 102,926 dwt tanker Eagle Texas south of Sabine, Texas, on June 12.

read more →

Nakilat, Excelerate Energy Sign Deal on FSRU Joint Venture

Nakilat signs deal with Excelerate Energy to form a JV company and acquire a 55% interest in an FSRU.

read more →

ABS Classes BC Ferries' Newly Converted LNG-Fueled Ship

ABS has classed Spirit of British Columbia, one of BC Ferries' two largest ferries that will use LNG as fuel.

read more →

Charleston Harbor Gets USD 49 Mn for Deepening Project

Money

The Charleston Harbor gets USD 49 million federal boost to further the progress of deepening the harbor to 52 feet.

read more →

AET, Petrobras Tanker Deal Valued at USD 645 Mn

MISC informed that the recently signed deal between AET and Petrobras has a value of USD 645 million.

read more →

SCPA Orders 26 RTG Cranes to Support Box Volume Growth

To handle container volume growth at its terminals, SCPA orders 26 rubber-tired gantry cranes from Konecranes.

read more →

Readers' Picks of the Week

Here are the most read articles from the previous week.

read more →

NAT Disposes of Three More Suezmax Oldies

Nordic American Tankers (NAT) revealed plans to sell three older Suezmax tankers. 

read more →

Hyundai Heavy Seeks USCG BWMS Type Approval

USCG MSC has received its fifteenth application for type approval for a ballast water management system.

read more →

US Container Imports to Hit Record despite Tariffs Debate

Containers

NRF: US container port imports are to set record numbers this summer despite the debate over trade and tariffs.

read more →

ILA, USMX Reach East Coast/Gulf Coast Ports Agreement

ILA and USMX reach tentative agreement on a six-year contract covering East Coast and Gulf Coast ports.

read more →

Poor Maintenance Practices Led to Caribbean Fantasy Fire

Caribbean Fantasy Fire

Poor safety culture and maintenance practices led to the 2016 fire aboard the RoRo vessel Caribbean Fantasy.

read more →

SunStone Inks Deal for Third Infinity-Class Expedition Ship

SunStone Ships inks an agreement for the construction of a third Infinity-class expedition ship.

read more →

Panama Canal Sets New Monthly Tonnage Record

The Expanded Panama Canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) in May 2018.

read more →

Quijano: Tensions between U.S. and China to Cool Off

Jorge Quijano

The ongoing trade tensions between the United Sates and China are expected to subside

read more →

USCG Medevacs Crewman from Bulker off Michigan

USCG operation

A 54-year-old man was medevaced from the bulk carrier Manitowoc after experiencing severe abdominal pains.

read more →