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• Multipurpose ship operators face sluggish demand, fierce competition

  Time: 2016-03-25 | Publisher: glafamily

  

  Operators of multipurpose vessels are catching it from all sides. Slumping oil prices are causing cancellations of energy projects, and there’s increasingly stiff competition from container ships, roll-on, roll-off vessels and bulk carriers.“Competition is fiercer than ever,” said Dirk Visser, senior analyst at the Netherlands-ba...
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• New Orleans eyes shipyard site for breakbulk terminal

  Time: 2016-03-24 | Publisher: glafamily

  

  The Port of New Orleans is exploring the feasibility and cost of converting the former Avondale Shipyard on the Mississippi River into a breakbulk cargo terminal.Port officials said they’re moving cautiously because of the likely costs, but want to determine whether the 260-acre property could be used for bre...
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• Bollore revenue slips on weak oil prices

  Time: 2016-03-22 | Publisher: glafamily

  

  Paris-listed Bolloré Group, which holds 21 port concessions worldwide and operates 14 container terminals in Africa, announced a 2 percent drop in revenue for 2015 to $12.2 billion.The decline was due to a 20 percent drop in revenue at the company’s oil logistics segment to $2.5 billion caused by the low price of oil. The tra...
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• German KG companies fined in ‘magic pipe’ case

  Time: 2016-03-21 | Publisher: glafamily

  

  Two German shipping companies have been sentenced to pay $1.5 million after pleading guilty to charges arising from use of a “magic pipe” to illegally dump oily bilge water from the general cargo ship BBC Magellan.The ship’s owners, Briese Schiffahrts GmbH & Co. KG and Briese Schiffahrts GmbH & Co. ...
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• DP World Nhava Sheva handles JNPT's largest ship to date

  Time: 2016-03-18 | Publisher: glafamily

  

  DP World-operated Nhava Sheva (India) Gateway Terminal on Friday received a call from the 11,000 twenty-foot-equivalent unit MSC Francesca, the largest container ship ever to dock at Jawaharlal Nehru Port Trust, India’s biggest public container gateway.The 2008-built ship is 363 meters (1,191 feet) long, and has b...
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• Central Africa’s only deep-sea port takes shape at Kribi

  Time: 2016-03-16 | Publisher: glafamily

  

  Construction work is set to commence on the second phase of the only deep-sea port in central Africa at Kribi, Cameroon after a second round of financing was arranged with the Export-Import Bank of China.The second phase of the project will cost $675.5 million and consist of two container berths, two bulk cargo berths a...
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• APMT Pipavav gets new intra-Asia service

  Time: 2016-03-14 | Publisher: glafamily

  

  APM Terminals-operated Pipavav Port’s efforts to grow container volumes received a big push earlier this week when the INDFEX, or India-Far East Express, consortium introduced a regular weekly call at the minor facility on India’s west coast.The intra-Asia INDFEX is a vessel-sharing agreement between W...
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• US fines Maersk Group units millions

  Time: 2016-03-13 | Publisher: glafamily

  

  The U.S. government has fined two Maersk Group units a total of $3.66 million for documentation violations related to a defense contract the company described as “the submission of improper invoices.”  Farrell Lines, a subsidiary of the Maersk Group’s U.S. flag carrier Maersk Line Limited, and Da...
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