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Monthly Archives: October 2017

Oil Rallies on Chinese Import Boost and Mideast Tensions

Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a nearly 3 percent weekly gain. The developments added to other signs that the market was finally rebalancing after years of excess…
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Maritime Moves 95% of UK’s Global Trade

The Maritime sector makes a substantive macroeconomic contribution to the UK through turnover, Gross Value Added (GVA), employment and through the compensation of employees., says a report by Maritime UK, which is  commissioned the Centre for…
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AMELS Signs New 78-Metre Full Custom Yacht

Dutch luxury yacht builder AMELS announced a new order for a 78-metre AMELS Full Custom yacht (256 ft) by Espen Øino with the contract signed during the Monaco Yacht Show 2017. When the yacht is delivered in 2021, it will be the largest AMELS by Gross Tonnage built to date.
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Diana Shipping Sells Panamax Dry Bulk Vessel

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels,  announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Melite” for demolition…
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JNPT’s Cargo Traffic Grows by 6.26%

The Jawaharlal Nehru Port Trust (JNPT), India's largest container port, further improved its performance in the first six months of the current financial year by recording a 6.26 per cent growth in container cargo in terms of TEUs (5.57% in…
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Tommy Norton Begins Operations at Gippsland Lakes

The Tommy Norton, a Damen Trailing Suction Hopper Dredger (TSHD) 650 built at Damen Shipyards Yichang has been officially delivered to her proud owner, Gippsland Ports. The first dredger to be built by Damen Shipyards Group for Australia, the…
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TOTE’s Productivity Increases at Port of San Juan

TOTE Maritime continues to see an increase in overall productivity at the Port of San Juan as more and more containers leave the terminal for communities around Puerto Rico. Monday the terminal reached 87 percent productivity with more than…
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