The American Association of Port Authorities (AAPA) endorsed congressional approval of the United States-Mexico-Canada Agreement (USMCA), the White House’s negotiated modification of the North American Free Trade Agreement (NAFTA).
Singapore-based port operator PSA experienced a slight decrease in its full-year net profit for 2018, despite the overall challenging market conditions. PSA’s net profit achieved the SGD 1.25 billion (USD 925.36 million) in 2018, compared to SGD 1.29 billion (USD 954.97 million) seen a year earlier, representing a drop of 3.2%.
Italia Port of Trieste signed an agreement with China Communications Construction Company (CCCC) that will enable Italian products from small and medium companies to access Chinese markets as well as facilitate infrastructure development in central Europe.
Turkey’s Yilport Holdins SA is under discussion to purchase a container terminal in Long Beach, California. The discussions are between Yilport’s businessman, Robert Yuksel Yildirim, and terminal owner Cosco Holdings Co. Yet, the discussions weren’t exclusive as there were at least two more bidders.
In its weekly report for 12-20 March, Fearnleys said that VLCC activity has been far disappointing, the market for Aframaxes trading in the North Sea and Baltic came off significantly, while for the Suezmax type, continued sparse activity in the West has allowed Charterers to pull rates even further down.
Liner shipping companies gain advantages from an exemption from EU competition law, which enables them to collaborate. The exemption called ‘The Consortia Block Exemption Regulation’ is to expire on April 25, 2020. In light of its expiry, ITF gathered stakeholders from the containerised maritime supply chain for a Stakeholder Meeting, on 8 February 2019 in Paris, France, for further review.
In a court filing, the Competition Commission of India said that a challenge by Dubai’s DP World of a probe into its alleged anti-competitive practices at a Mumbai port is an effort to halt or delay possible adverse findings against the firm.
A Brazilian court has ordered Vale SA, the world’s largest iron ore miner, to suspend operations at two more dams. The court demanded the company to prove the structures are stable, following an accident in the Vale’s facilities in January that killed about 300 people.
Norden, Danish shipping company, is expanding operations to Africa where it plans to open an office by the end of the year. The new location in Abidjan, Ivory Coast, will be the company’s eleventh office, joining those already established in the US, Brazil, Australia, China, Singapore and India.
The US in coordination with Canada and the EU imposed sanctions to six Russian companies, including shipbuilders and marine equipment manufacturers. The sanctions were announced on March 15 in response to Russia’s continued and ongoing aggression in Ukraine.
Ship contacts wharf as harbour master, pilot are unaware of fender issues26/03/2019
AAPA in favour of new North American trade agreement26/03/2019
PSA closes 2018 with a slight decrease26/03/2019
- Maritime Software
Kongsberg, BV, Bourbon test remote surveying of DP systems26/03/2019
Italian Port of Trieste partners with China's CCCC26/03/2019
Yilport discusses with COSCO for Long Beach Terminal26/03/2019
CMA CGM orders ten new container vessels from China26/03/2019
CMA CGM and partners achieve successful trial on marine bio-fuel oil26/03/2019
Port of Esbjerg: Exciting perspectives ahead for the North Sea26/03/2019
- Green Shipping
Manitou Group to transport machines on NEOLINE sailing vessels26/03/2019