The International Energy Agency has forecast that the global gas trade would grow by 40% to 780 million m3 between 2014 and 2020.
TTI LLC runs a container terminal in Long Beach and was jointly owned by Hanjin Shipping and Mediterranean Shipping Company.
If liner history is anything to go by, when the three container shipping alliances begin competing on 1 April, the result will be a rate war, the last thing the unprofitable business needs.
Hyundai Merchant Marine (HMM) is keen on acquiring a stake in one of Hanjin Shipping’s Busan terminals, but this would require the approval of Singapore port operator PSA International.
Italian shipbuilder Fincantieri has agreed to construct two newbuildings for cruise giant Carnival Corp in a deal valued at over USD1.06 billion.
Vessels and terminals operating in the United States are under more pressure to report cyber threat activity to federal agencies through a new directive from the US Coast Guard.
Operadura Portuaria Centroamericana (OPC) has awarded China Harbour Engineering Company (CHEC) a contract for the first phase expansion of the Specialized Container and Cargo Terminal (SCCT) in Puerto Cortės, Honduras.
Last year saw fewer oil tanker spillages at sea, with only 1 of the 20 largest spills occuring since 2002.
Turkey’s Cemre Shipyard has delivered Norway’s longest domestic ferry for operation on the Horten/Moss service across Oslofjord, the country’s busiest line.
Ko Jae-ho was sentenced by the Seoul Central District Court, which found that he grossly inflated assets and used the falsified accounts to get loans.
The German company has secured fresh contracts for technical management with CMA CGM and has won further business in southeast Asia.
Nigeria’s ports boss has committed to making 2017 a turning point for the country’s ports sector after a year in which its traffic, volumes, and revenue shrank while its operations were ranked among the world's most corrupt.