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Global Ship Lease Extends Charter with OOCL

OOCL Qingdao. Photo: OOCL

 Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership.    The extension commences in direct continuation of the current charter with effect from March 11, 2018, at a fixed rate of $14,000 per day.

Matson Reports Q4 Earnings Per Share $3.90

Photo: Matson

 Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90.    The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $503.

Ports of Indiana: Building on Success

(Photo: Ports of Indiana)

The Ports of Indiana is a statewide port authority, established in 1963, which operates three ports: two on the Ohio River, one on Lake Michigan. Port officials refer to the three as “America’s Premier Inland Port System.” They cite location, location, location, providing access via two critical freight

UK Port's Post-Brexit Health Concern

Photo: British Ports Association

 British Ports Association warned that without agreements on cross-border environmental health standards there could be major disruption at UK and EU ports.   Richard Ballantyne, Chief Executive of the British Ports Association, said: “Perhaps one of the biggest Brexit challenges ports could face

Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal

Indian PM Narendra Modi dedicated to the nation the 4th container terminal built at Navi Mumbai. Photo: Nitin Gadkari

 India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal, proposed to be developed at an estimated cost of Rs.

Mundra Port, Port of Montreal Sign Cooperative Agreement

Tony Boemi, Vice-president, Growth and Development at the Port of Montreal, Christine St-Pierre, Québec Minister of International Relations and La Francophonie, Jordan Reeves, Consul General of Canada, Mumbai, Sandeep Mehta, President of Adani Ports and Special Economic Zone and Dominic Marcotte, Consul and Director of the Québec Government Office in Mumbai. Photo: Montreal Port Authority (MPA)

 On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices.

Hafnia Tankers Inks Fresh Sale and Leaseback Deal

Photo: Hafnia Tankers

 Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia.     The Vessel has been sold to a Japanese private ship owning company (the Lessor) with a 12-year

Cheniere's LA Sabine Pass LNG Output Dips

File Image: Cheniere's Sabine Pass LNG Export facility (CREDIT: Cheniere)

Production at Cheniere Energy Inc's Sabine Pass liquefied natural gas (LNG) export plant in Louisiana fell well below full capacity on Friday, according to Reuters data:   The volume of gas flowing into the facility dropped from about 3.2 billion cubic feet per day on Wednesday to 2.8 bcfd on Thursday and a projected 1.

NYK, NTT, MTI Conclude Joint Test of Next Generation Onboard IoT Platform

Image: NYK Line

 Nippon Yusen Kabushiki Kaisha (NYK), MTI, Nippon Telegraph and Telephone Corporation (NTT), and NTT DATA Corporation have successfully conducted a proof-of-concept experiment for a next-generation onboard IoT platform.   The test was held aboard Hidaka, a domestic coastal vessel owned and operated by Kinkai Yusen Kaisha of NYK Group.

BIMCO Lists Three Best Performing Bulk Terminals

Photo: Santander Port Authority

 The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report.   Santander was rated first in all four major categories: terminal handling of loading/unloading; terminal mooring and berthing

Wallenius Wilhelmsen Logistics Doubles Footprint in Port of Zeebrugge

Photo: Port of Zeebrugge

 Wallenius Wilhelmsen Logistics has signed a concession agreement with the Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port.    With this concession, in place until 2043, the company will nearly double its terminal footprint. WWL will

Port of Hamburg Getting Ready for Future Growth

Photo: Port of Hamburg

 Europe's third-largest container port, Port of Hamburg, is preparing for the future with improved infrastructure and digitalization.   Frank Horch, Hamburg’s Senator for Economics, Transport and Innovation, said: "The Port of Hamburg must become a Port 4.0 , with digitalization and how this will change supply chains.

Rotterdam Port Hits Record Freight in 2017

Photo: Port of Rotterdam Authority

 The port of Rotterdam, Europe’s largest, continued to grow in 2017 spurred by a significant gain in container throughput, which increased by 1.3% to 476 (461) million tonnes with the port returning to the growth trend seen before 2016.    Particularly strong growth in container throughput of 12.3%

Kolkata Port, Hooghly Pact for Liquid Cargo Terminal

Photo: Kolkata Port Trust

 The Kolkata Port Trust (KoPT) has signed a concession agreement with Hooghly Oil & Gas Terminal to establish a liquid cargo handling terminal at Shalukhali in Haldia.   The terminal will facilitate the movement of petroleum cargo such as LNG, LPG as well as vegetable oil. It is expected to develop over the next three years.

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