PSA lightening up its project Tuas Port 
The prime minister of Singapore, Lee Hsien Loong, recently placed a torch on the grounds of Tuas Port to symbolise the beginning of a new and exciting chapter in the nation’s rich maritime history. With 26 km of deep-water berths (up to 23 m chart datum), and capable of handling... more
Blockchain pilot between Lyon and Marseille
The closure of a blockchain pilot scheme coordinated and part-financed by the Marseille Fos port authority in France has proven the solution’s scope for enhancing intermodal freight movements on the Mediterranean-Rhone-Saone (MeRS) corridor. Focused on export processes... more
Deep-water terminal at Liverpool takes next hurdle
The building and civil engineering company McLaughlin & Harvey, located close to Belfast (Northern Ireland, UK), has been awarded the contract to deliver the next phase of development at the Liverpool2 deep-water container terminal. The multi-million project will... more
Coalition to ferry LNG from Kamtchatka and Murmansk
The Japanese carrier MOL, the Japan bank for International Cooperation (JBIC), and the Russian energy company Pao Novatek signed a cooperation agreement for LNG transshipment projects in Kamchatka and Murmansk. Thus, the east and west of the Russian Federation are involved.... more
An "A-mark" for the Swedish Club
The Swedish Club reports that S&P Global Ratings has affirmed its 'A-' long-term insurer financial strength and issuer credit ratings. The ratings agency commented on The Swedish Club’s sturdy operating performance, driven by disciplined underwriting and strong risk controls... more
UECC snaps up award for sustainability
The Greenports award for the most eco-friendly vessel was presented to “Auto Energy”, a UECC vessel, when she called at Bremerhaven (Germany) in September. The Greenports award 2019 to the vessel was announced at the sustainable shipping 2019 conference in Bremen (Germany) on 24... more
The next MLO LNG carrier for Yamal is ready
The naming ceremony for a conventional LNG carrier, jointly ordered by MOL and China Cosco Shipping, was recently held at Hudong-Zhonghua Shipbuilding Group in China. As many participants in the Yamal LNG project looked on, the newly built vessel was named the "LNG... more
First LNG transaction with the BLNG3 assessment
LNG traders JERA Global Markets and Vitol have carried out the first Atlantic LNG freight swap based on the Baltic Exchange's BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products. The BLNG3 assessment provides a freight rate benchmark for LNG... more
Ports of Auckland calls 2019 a "tough year"
Ports of Auckland has reported its results of the first six months. Group revenue rose slightly to NZD 248.1 million from NZD 243.2 million in H1/2018. The reported net profit after tax was NZD 53.9 million, considerably lower compared to NZD 76.8 million for the previous... more
Bridgehead for LNG bunkering in the USA
The technology group Wärtsilä will supply its LNG cargo handling system for a new 5400 sqm LNG bunker barge being built in the USA. The barge is being built at the Fincantieri Bay Shipbuilding yard in Wisconsin (USA) on behalf of NorthStar Midstream. It will be operated by the... more