News

Gazprom, Itochu Sign MoU on Baltic LNG

Russian oil and gas company Gazprom and Japanese trading house Itochu have signed a memorandum of understanding (MoU) on the proposed Baltic liquefied natural gas (LNG) export project."With this document, the parties confirmed their interest in potenti...
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Port of Oakland Cautious on 2019

The Port of Oakland had its busiest November ever for imports in 2018, shattering an 11-year-old record. The Port said today that it handled the equivalent of 83,364 loaded 20-foot import containers last month. That beat the old November record of 76,9...
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Thun’s Green Tanker on Preem Lease

Swedish coastal shipping company Thun Tankers  to name the new, environmentally adapted tanker “Thun Evolve” in Groningen, Holland today (Saturday).The tanker will be long-term leased by Preem for deliveries to the company’s depots and customers in Swe...
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Los Angeles APM Terminals Volume Up

APM Terminals set a new North American operations record this month with 27,846 TEUs handled on one vessel.This represents a complete discharge of the vessel for import cargo and a complete new load of export containers, in addition to empty…
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Moody’s Rated Panama Canal with Stable Outlook

Moody's Investors Service reaffirmed the Panama Canal Authority's (ACP) A2 long-term rating with a stable outlook, based on its distinctive position as an infrastructure asset with a unique geographic advantage and business model, and its strong…
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First Non-EU Ship Recycling Yards Join EU List

The European Commission published the fourth version of the ‘European List of ship recycling facilities’ last week, adding six new yards, taking the total up to 26.It includes 23 facilities located in European Union (EU) member states, and for the firs...
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Navios Acquisition Completes Navios Midstream Merger

Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. "Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on th...
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MOL Passenger Line ‘Cruise of the Year 2018’

Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (MOPAS) was recognized for its "efforts on market development by the Nippon Maru One Night Cruise," and received the award for outstanding performance in…
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