The US Port of Virginia is looking to scale up its use of LNG bunker as it becomes the first US port to join SEA/LNG, the multi-sector industry coalition committed to accelerating the uptake of LNG as a marine fuel.
The ongoing China-US trade war has hit container volumes from China to the US, with China containerised exports to US ports dropping by 6.5% in the first five months of 2019 compared to the previous corresponding period, according to data by Alphaliner.
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).
Sempra Energy subsidiary Port Arthur LNG and Polish Oil & Gas Company (PGNiG) have inked an agreement to export two million tonnes per annum (mtpa) of LNG from North America to Poland.
The global dry bulk shipping market is expected to see flat rates and a marginal fleet growth in 2019, with potential near-term positive prospect following a temporary truce in trade war between China and US.
International Shipholding Corporation (ISH) has voluntarily filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court, but intends to continue operating its normal course of business without interruption.
Hanjin Shipping is introducing a new express service linking Central China, California and Japan from May this year.