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Up to 25,000cu m of sediment will be removed from Oamaru Harbour during the second and final stage of planned dredging work. Dredging was initially scheduled for August last year, but was delayed when poor weather conditions throughout August prevented the arrival of suction dredge vessel New Era from Dunedin. The postponement also aimed to… Read More
Dubai-based port operator DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019 compared with the previous year. The profit attributable to owners reached USD 1.32 billion and adjusted EBITDA grew 17.7% reaching USD 3.3 billion. The EBITDA margin for the full year was 43%. The… Read More
Pacific International Lines (PIL) has sold its liner shipping business Pacific Direct Line (PDL) to Neptune Pacific Line (Neptune). PDL specializes in providing liner shipping services to the South Pacific region, with additional bolt-on businesses allowing PDL to offer a one-stop shop for clients. It also offers services in shipping, shipping agencies, cruise agencies, container… Read More
The US Department of Transportation’s (DOT) Maritime Administration (MARAD) has awarded a $39m grant for two ports in Texas. The grant was formally announced by US Transportation Secretary Elaine L Chao at Port Houston along with Port Houston officials. The grant is a part of the $280m discretionary grant funding announced last month. The funding… Read More
PORT ANGELES — Shoreline-area sediment too polluted for open-water disposal, as had been planned by the Port of Port Angeles, will be used instead as fill material for the port’s Marine Industrial Park. The change in fate for the sediment could cause a “significant cost overrun” for the Port’s Terminal 3 dredging project, which had… Read More
Sand is something we lie on, walk the dogs on, play cricket on – so many things come to mind when someone says sand, but how do our beaches and bays stay sandy? Around Tauranga, there are four main beach areas – Papamoa Beach, Marine Parade Beaches, along the inner harbour there is Pilot Bay… Read More
Muscat-based Oman Shipping Company has signed a deal to acquire two Ultramax vessels, the company revealed. The two ships are 2015-built SBI Taurus and 2014-built TR Omaha, which are set to join OSC’s fleet in April and May 2020, respectively. The ships were previously owned by Scorpio Bulkers and Tufton Oceanic, and they will operate… Read More
The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB Klaip?dos Nafta (KN) have signed a 25-year loan agreement to finance the purchase of a floating storage regasification unit (FSRU) for LNG operations. Currently, the FSRU used for LNG import to Lithuania is leased on a ten-year arrangement. As… Read More
French container shipping major CMA CGM ended 2019 with significantly increased revenues due to the acquisition of CEVA but also a bigger net loss. Full-year 2019 revenue rose by 29% to USD 30.3 billion from USD 23.5 billion seen in 2018. As explained, the increase was driven by the acquisition of Swiss logistics company CEVA… Read More
Papendrecht, 5 March 2020 Royal Boskalis Westminster N.V. (Boskalis) has published both its Annual Report 2019, which includes the new corporate business plan 2020-2022, and its Sustainability Report 2019. The new business plan is also discussed in an online interview with Peter Berdowski, CEO Boskalis. The corporate business plan is drawn up with a clear… Read More