Archive

Vopak’s New LPG Facility in Singapore Gets Its First Cargo

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 16, 2016 Tank storage company Vopak has received its first cargo at the new liquefied petroleum gas (LPG) facility at its Banyan terminal on Jurong Island, marking the start-up of Southeast Asia’s first independent LPG import and storage facility. Read More

MSI: Tanker Earnings to See Muted Upside by April

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 16, 2016 Tanker market earnings should experience a limited upside from current levels by April with time charter rates being under pressure as a result of growing supply of large crude and products tonnage, Maritime Strategies International reports in its latest Tanker Freight Forecaster. Read More

Airlines reject criticism of fares after oil price drop

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 15, 2016 Global airlines countered allegations of profiteering from low oil prices on Monday after renewed criticism that air fares have failed to come down in line with tumbling fuel costs. Read More      

DFDS Wraps Up Record Year, Expects Higher Revenue in 2016

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 12, 2016 Danish shipping and logistics company DFDS posted a profit of DKK 1.07bn (USD 151m), up by 89pct when compared to last year’s DKK 571 million. Read More

Container Shipping Giants to Settle with EU Commission on Price Hikes

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 11, 2016 Container shipping companies that are being investigated by the European Commission over a suspected breach of antitrust rules have agreed to settle with the Commission and change their pricing policies so as to avoid fines, Reuters reports citing sources familiar with the matter. Read More

Golar LNG Partners to Buy FSRU Golar Tundra for USD 330 Mln

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 11, 2016 Golar LNG Partners LP has entered into an agreement with Golar LNG Limited to buy its 170,000 cbm floating storage and regasification unit (FSRU) Golar Tundra. Read More

CSCL Indian Ocean Finally Freed, Bound for Hamburg

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 9, 2016 Mega containership CSCL Indian Ocean which has been stranded in the river Elbe for days has finally been freed by German maritime authorities. Read More

Bin Sulayem doubles up at DP World

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 8, 2016 DP World’s Chairman HE Sultan Ahmed bin Sulayem has been appointed Chief Executive Officer with immediate effect. Read More

Greenpeace: Modern Express Carrying Controversial Cargo

Posted By Tony Sanchez / Airlines, Uncategorized / 0 Comments

February 8, 2016 The troubled car carrier Modern Express is carrying a controversial cargo of timber apparently destined for the French market, global environmental group Greenpeace claims. Read More

CSCL Indian Ocean Still Stuck, Dredging Starts at Grounding Site

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 8, 2016 The dredging activities at the site of the grounded CSCL Indian Ocean started yesterday afternoon as the authorities plan another attempt of moving the vessel, German Central Command for Maritime Emergencies (CCME) said. Read More