Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).
Capesize market is expected to face more headwinds in Q2 2019, despite some market optimism in Vale’s restart of Brucutu mine.
Brazilian state oil firm Petrobras has produced and supplied its first batch of IMO 2020-compliant bunker fuels of 0.34% sulphur content, it has been reported.
The Chilean Tribunal for the Defense of Free Competition (TDLC) released its final ruling in a car cartel case that began in 2015 fining NYK and MOL at of $9.1m,…
The world largest iron ore supplier Vale’s Beijing representative met with the Transportation Department of Jiangsu Province, China with an aim of strengthening the bilateral cooperation.
Chinese energy enterprise, Zhejiang Energy Group has inked a sales and purchase agreement with ExxonMobil for liquefied natural gas (LNG) supply over a period of 20 years.
Singapore Technologies Engineering (ST Engineering) has clinched a contract from the US Department of the Navy to build an icebreaker vessel worth approximately $746m.
US Energy policy, along with Donald Trump’s classic head-fakes, almost seems destined to confuse participants in the oil business, with obvious impacts on shipping which serves it.
Shortsea shipping has never really taken off in the US but the disruption caused to logistics by the likes of Amazon a new opportunity is being seen for palletized cargo…