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Höegh Increases its Frequency to Australia

Pic: Höegh Autoliners

Nowegean provider of Ro/Ro (Roll On/Roll Off) deep sea transportation services Höegh Autoliners announce an increased frequency in its service to Australia. Starting in November, the company will offer five sailing per month to Australia from Europe.Previously, Höegh offered up to four regular sailing per month,

Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers

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 A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day,

Weak Demand Drags Baltic Index Down

© alexmina / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the 12th consecutive session on Friday, weighed down by lower capesize and panamax rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, slipped 61 points, or 2.

Port Nelson Reports Continued Steady Growth

Image: Port Nelson

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018.  Net Profit After Tax, including a $2.

Vessel Traffic Halted on Beaumont Ship Channel

Ship pilots stopped moving vessels along the Beaumont, Texas, Ship Channel due to severe weather caused by Tropical Storm Imelda, said the U.S. Coast Guard on Thursday.Imelda, officially downgraded to a tropical depression, dumped 24 inches (61 CM) of rain on east Texas is the past 24 hours, closing

Baltic Index Posts Biggest Fall in 2 Months

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The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the 11th consecutive session on Thursday, marking its biggest percentage fall in nearly two months, on waning capesize demand.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, slipped 74 points, or 3.

Next Wave of U.S. LNG Export Projects to be Tougher

Photo courtesy of Venture Global LNG

The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Group said on Wednesday.Blackstone CEO David Foley

Magellan Begins Refined Products Transportation on Hearne Pipeline

Photo: Magellan Midstream

Magellan Midstream Partners LP said on Wednesday it had commenced operation of a new 135-mile, 20-inch diameter refined products pipeline from its East Houston terminal to Hearne, Texas.The company also said construction of a pipeline spur from the new system to the George Bush Intercontinental Airport

Baltic Index Falls for Tenth Straight Session

© Lukasz Z / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for the tenth successive time on Wednesday as rates across the capesize and panamax categories declined.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 17 points, or 0.

NYK in ESG Index for 17th Year in a Row

 Pic: NYK

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives,

China's Unipec Ramps Up U.S. Crude Shipments

Unipec, the trading arm of Asia's top refiner Sinopec, chartered at least four crude tankers this week from the United States, ramping up purchases after attacks on Saudi Arabia's oil facilities and as trade tensions between the world's two largest economies cool, sources said.Three Aframax vessels that can carry about 750,

Baltic Index Falls on Weaker Rates Across Vessels

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losses for the ninth consecutive session on Tuesday due to lower demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 28 points, or 1.

GPA Plans Savannah Port Capacity Expansion

The Port of Savannah, Georgia, US: major expansion plans announced by the Georgia Ports Authority. (Photo: GPA)

The Georgia Ports Authority (GPA) has plans for a new container port on Hutchinson Island to increase the capacity of the Port of Savannah, Georgia, USA. The planned expansion will double the port’s annual capacity from 5.5 million TEUs to 11 million TEUs and the facility will be able to handle 2.

GPA to Double Capacity, Draws $5Bln Investment

Pic: Georgia Ports Authority

The Georgia Ports Authority (GPA) has revealed plans to double capacity at Garden City Terminal to 11 million twenty-foot equivalent container units per year.In Fiscal Year 2019, port-related industries announced $5 billion in new investment and 12,000 new jobs coming to Georgia.Port-related announcements

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