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Monthly Archives: July 2019

Island Tug Adds New Z-drive ATB

Island Tug and Barge, a subsidiary of Tidewater Canada, said that its  second new articulated tug barge (ATB) push tug Island Regent entered service at the end of June pushing the double hulled refined petroleum products barge, ITB Reliant.The…
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Panama Canal Hearing on Tolls Structure

The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries from the industry.The agency of the government of Panama responsible for the…
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Ocean Yield Adds Another VLCC Newbuild

Norway-based shipping company Ocean Yield has taken delivery of Nissos Antiparos, a very large crude carrier (VLCC) newbuild.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the fourth and final VLCC that…
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Top Turbine Makers to Spend $2.6bln on R&D

Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed EUR2 billion (US$2.6 billion) by 2023.The  R&D expenses more than doubled in the last four years, reaching €1.6bn ($1.8m) in 2018…
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DP World to Build Port in Indonesia

The global port operator  DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a US$ 1.2 billion container port and industrial logistics park in East Java.According to an official press release…
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China to Overtake Japan in LNG Imports

Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) co...
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Chabahar Port Signs 11 Investment Contracts

Chabahar Port, the seaport located in southeastern Iran, on the Gulf of Oman, has signed 11 investment contracts.Considering this, it is expected that by the end of this year significant investments will be made in this port,  said the Director…
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Port of Sines Receives Milan Maersk

Port of Sines, the first largest artificial port of Portugal, said that its Terminal XXI received, on July 21, the call of “Milan Maersk”, one of the world’s largest container ships, with capacity for 20.568 TEU (20 feet containers)."This is…
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