The international container terminal operating company APM Terminals announced that APM Terminals Yucatán, operator of the Port of Progreso, Mexico, will invest to expand and modernize the Progreso container terminal, supporting trade growth…
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Qatar Invests in US Midstream Crude firm
Qatar's sovereign wealth fund Qatar Investment Authority (QIA) has purchased a significant stake in US-based Oryx Midstream Services, the largest privately held crude midstream provider in the Permian Basin.The stake was acquired from an affiliate of S...
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Rotterdam Port to Welcome Black Marlin
The heavy-lift vessel Black Marlin will arrive in the Port of Rotterdam on Monday 12 August.This semi-submersible vessel departed on Monday, 17th June Shanghai, on deck with eighteen Concordia Damen inland shipping vessel hulls and a Damen Crane…
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ST Marine Christens Multi Cat at Damen
Dutch marine construction company ST Marine Support christened its newest multi-purpose workboat (Multi Cat) AUXILIA at Damen Shipyards Hardinxveld.The vessel brings the total of Multi Cats in the company’s fleet to three, following the delivery of Mul...
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Workshop on Implementing IMO Treaties
International Maritime Organization (IMO) treaties need to be implemented into national law so that they can be applied on ships flying the flag of a particular country and so that those countries can implement effective port State control and…
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China Fixes First U.S. Crude Cargo Since Latest Tariff Threat
Chinese oil trader Unipec chartered a supertanker to ship U.S. crude to China in September, trading sources said, the first such cargo since U.S. President Donald Trump announced additional tariffs on Chinese import, ending a monthlong trade truce.Unip...
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Marad Seeks Input on Domestic Maritime CoE Policy
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced progress in establishing Centers of Excellence for Domestic Maritime Workforce Training and Education (CoE), which would recognize and support community…
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Baltic Index Nudges Up
The Baltic Exchange's main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses.* The Baltic index, which tracks rates for ships ferrying dry bulk commodities…
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NOAA Increases Odds for ‘above-normal’ Hurricane Season
The end of El Nino could boost Atlantic hurricane activity.August 8, 2019 NOAA forecasters monitoring oceanic and atmospheric patterns say conditions are now more favorable for above-normal hurricane activity since El Nino has now ended. Two…
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23,756 TEU “MSC Gulsun” Transits Suez Canal
Admiral Mohab Mameesh, Chairman of the Suez Canal Authority and Suez Canal Economic Zone, announced the successful transit of MSC GULSUN, the world’s largest container vessel, on its first trip through the New Suez Canal. The Panamanian ship transited ...
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