The fickle nature of shipping routes, cargo trends, supply chain repositioning and customer choice can be especially tough on smaller ports, especially when they have pushed the boat out, as it were, to accommodate a major chunk of business.
Panama’s Manzanillo International Terminal (MIT), a joint venture between Seattle-based SSA International and local investors, has been partially paralised by an illegal strike since last Wednesday night, and currently working at only 50% of its...
Intertanko has criticised the criminal disobedience conviction of Captain Apostolos Mangouras following the 2002 Prestige oil spill, despite his acquittal of criminal damage charges.
Euronav has sold double-hulled VLCC Ardenne Venture for $41.7m, in an attempt to pay down its debts.