CK Hutchison’s plan to sell most of its $22.8 billion ports business is unlikely to be finalized anytime soon, with political brinkmanship set to continue, and sources… Weiterlesen »CK Hutchison Ports Deal Deadline Likely to be Extended as US-China Tensions Weigh

Spot container freight rates on the transpacific and Asia-Europe trades continued to soften this week, with no general rate increases (GRIs) or peak season surcharges… Weiterlesen »Transpacific and Asia-Europe Spot Rates Soften Despite Looming GRIs

After nearly a decade of inactivity following one of California’s worst oil spills in recent history, production has resumed at the Santa Ynez Unit (SYU)… Weiterlesen »Oil Production Resumes at Santa Ynez Unit After Decade-Long Shutdown Following Major California Spill

Sri Lanka’s highest court on Thursday ordered a Singaporean shipping firm to pay US$1 billion in damages for the island’s worst marine pollution caused by… Weiterlesen »Sri Lankan Court Orders $1 Billion Payment for X-Press Pearl Disaster

Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will… Weiterlesen »Energy Giants Saipem and Subsea7 Announce $23 Billion Merger Deal

An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by… Weiterlesen »Indian Firm Shipped Explosives to Russia Despite US Warnings

Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a… Weiterlesen »TechnipFMC Surges on Outlook for $10 Billion in Subsea Orders

French shipping group CMA CGM marked a major milestone with the official reflagging of the CMA CGM Phoenix under the U.S. flag in Charleston, South… Weiterlesen »CMA CGM Phoenix Becomes Largest Containership Ever to Fly U.S. Flag

Russia’s FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing for Kazakhstan’s oil exports to resume after… Weiterlesen »Kazakh Black Sea Oil Exports Resume as Tankers Given Access

Iron ore shipments from Australia’s largest bulk-export terminal swelled to a record in June, in a sign of ample seaborne supplies just as concerns mount… Weiterlesen »Iron Ore Exports Swell to Record at Australia’s Top Port