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Crowley Adds Additional Sailing to North Atlantic Puerto Rico Service, Increasing Schedule Integrity and Capacity

Crowley Logistics announced today that it has expanded its North Atlantic network of vessels, adding velocity to customer supply chains operating between the Northeastern U.S., Puerto Rico, the Dominican Republic and the islands of the Caribbean Basin. Specifically, by adding additional capacity with the flat deck barge 455-4 to its rotation, Crowley will further stabilize its North Atlantic-Puerto Rico sailing schedule while increasing cargo capacity. “Earlier this year, we surveyed our customers, and we heard loud and clear that they wanted us to add additional flexibility and velocity to their ...

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Talks With Pirates May Start Soon After Russian Sailors Abduction – Ship Owner © capture d’écran: YouTube

The owner company of the MSC Mandy ship, which was assaulted last week off Benin’s coast, is creating a team that will be tasked to communicate with the pirates who kidnapped six Russian sailors during the assault; the first round of talks may be held later in the day, the company’s spokesman said. “We have engaged security experts and are creating a team for contacting the pirates. The team will include lawyers, negotiators, and employees of a company that deals with security. We hope to establish the first contact today,” ...

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Protection Vessels International: Weekly Maritime Security Report

West Africa Benin: Pirates kidnap six crew from vessel off Cotonou 2 January Pirates boarded an underway Panama-flagged container ship at 0101 hrs local time 55 nm south of Cotonou before kidnapping six crew members and fleeing the scene. The vessel, its cargo and remaining crew were reported safe. PGI Analysis: The news of the kidnappings comes after initial reports that the vessel came under attack in the area, and it remains unclear if ransom has been demanded. Russian media has said two Georgians, four Ukrainians and 20 Russians were ...

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Somali Region Once Riddled With Pirates Sees Peaceful Power Transfer

A region of war-ravaged Somalia elected a new president this week, a peaceful transfer of power in a part of the country notorious for piracy and Islamist militias. Said Abdullahi Deni, who is likely to continue Puntland’s close cooperation with the United States, defeated his closest rival, Asad Osman Abdullahi. He was sworn in for a new five-year term. Puntland, on the tip of the Horn of Africa, considers itself a semi-autonomous region that comes under the federal government, although the relationship between the two parties has at times been ...

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Samsung Heavy Industries Picks GTT for the tank design of two new LNG carriers for NYK

At the beginning of this year 2019, GTT has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of two new 174,000 m3 LNG carriers (LNGC), on behalf of the Japanese ship-owner NYK. The tanks of these units will be fitted with the Mark III Flex membrane containment system. The vessels’ deliveries are scheduled between the third and the fourth quarters of 2021. Philippe Berterottière, Chairman and CEO of GTT, declared: “We are very pleased to continue our partnership of excellence with Samsung Heavy ...

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Shipping Official Says Many Ports Do Not Allow Iranian Vessels To Dock

The chairman of Iran’s Shipping Society and related services, Massoud Polmeh says that a significant number of ports across the world do not permit Iranian registered vessels to enter and dock. Blaming the U.S. re-imposed sanctions on the Islamic Republic for the rejection of ships carrying the Iranian flag at ports across the globe, Polmeh disclosed that some of the ports belong to “friendly and brother” countries. This is a reference to countries such as Russia or China. Polmeh, a logistics and supply chain professional, also revealed, since the U.S. ...

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HPH Trust, 4 Hong Kong port operators tie up to manage Kwai Tsing container terminals’ berths

Hutchison Port Holdings Trust (HPH Trust) on Tuesday (Jan 8) said Hongkong International Terminals (HIT), Modern Terminals, Cosco-HIT Terminals (Hong Kong) and Asia Container Terminals (ACT) have entered into a Hong Kong Seaport joint operating alliance agreement for the efficient management and operation of 23 berths across nine terminals of Kwai Tsing container terminals in Hong Kong. The objective of the alliance is to improve the value proposition of the combined terminal facilities in the context of growing regional competition; maximise efficiencies for the benefit of customers and the industry; ...

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Gulftainer Launches Sea Cargo Clearance Service, S.P.O.T, Geographically Placed In The Uae’s Commercial Centre

Gulftainer, the world’s largest privately owned independent port operator, based in the UAE, today unveiled the latest addition to its portfolio in the UAE – Sharjah Port of Trade (S.P.O.T) services, a new strategic sea cargo clearance offering. Offering unparalleled connectivity between Sharjah and Dubai, S.P.O.T services can be availed at the crossroads of the E311 highway and Maliha Road. S.P.O.T offers the fastest transit times and lowest service costs to deliver cargo north of Al Barsha area, as well as end-to-end connectivity across the UAE. Its strategic location, just ...

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Australia’s DBCT coal terminal sees loading issues as Queensland weathers ex cyclone

Australia’s coal industry seems to have so-far largely escaped any major impacts related to Ex-Tropical Cyclone Penny which is moving along the Queensland coast and the only issue to date being some vessel loading problems at the Dalrymple Bay Coal Terminal, market sources saidy. Vessel loading issues at the common-user 85 million mt/year nameplate capacity DBCT happened on Tuesday, while train arrivals to the terminal were not affected, a source said Wednesday. Exports throughput at DBCT fell from 214,597 mt on Monday to 97,334 mt on Tuesday against a daily ...

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Brexit could bring Port of Southampton trade boom

As MPs restarted the Brexit debate, Secretary of State for International Trade Dr Liam Fox claims Southampton could benefit majorly from new trade agreements. Dr Fox said that when the UK leaves the EU on March 29, it will begin to negotiate new deals with the US, Australia, New Zealand and could also do a deal with countries in the Pacific Rim. He said that UK was considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which covers 11 countries around the Pacific Rim, including Australia, Canada and ...

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U.S. soybeans edge lower, market eyes Chinese purchases

Chicago soybean futures slid on Thursday, giving up some of last session’s gains, although losses were limited on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war. Wheat eased after two sessions of gains while corn edged lower after gaining around half a percent on Wednesday. The most-active soybean contract on the Chicago Board Of Trade gave up 0.2 percent to trade at $9.22 a bushel as of 0215 GMT, having firmed 0.6 percent on Wednesday. Wheat dipped 0.1 ...

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OECD finds excess global aluminum capacity a ‘genuine concern’

Excess capacity in the global aluminum market as a result of non-market forces and government support appears to be a genuine concern with implications for global competition and the design of trade rules disciplining government support, according to a report released Tuesday by the Organization for Economic Cooperation and Development. The aluminum sector has seen major changes over the course of the last 15 years, notably with China’s rise to becoming the leading producer by a wide margin in most segments of the value chain. The aim of the OECD ...

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U.S. natural gas prices sink on mild weather and hedge fund sales

U.S. natural gas prices have fallen sharply as the unusual cold weather of late November and early December has given way to warmer-than-normal temperatures in the last four weeks. Futures prices for gas delivered at Henry Hub in February 2019 have fallen below $3 per million British thermal units from a peak of almost $4.80 in the middle of November. The exceptional rally in gas prices during the late summer and early autumn has unwound, leaving gas prices back at the low level that has prevailed for the last three ...

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Russia’s WTO win fails to derail EU’s gas diversification push

Russia’s recent win at the World Trade Organization against the EU’s efforts to diversify its gas supplies has come too late to stop Eastern Europe gaining access to non-Russian supplies, even if the EU loses its appeal against it. The EU will likely have time to adopt a fourth “projects of common interest” list, due in late 2019, before any final WTO ruling requiring it to change its selection rules becomes binding. This fourth list would be in force for two years, and the EU expects all the security of ...

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Oil drops on U.S.-China trade talks, American supply surge

Oil prices edged down on Thursday amid a lack of any clear resolution to U.S.-China trade talks and official data that again indicated vast fuel stocks in the United States. U.S. West Texas Intermediate (WTI) crude oil futures were at $51.89 per barrel at 1200 GMT, down 47 cents, or .9 percent, from their last settlement. International Brent crude futures were down .85 percent, or 52 cents, at $60.92 per barrel. Both benchmarks rose by around 5 percent the previous day, capping off a week-long climb that marked oil’s longest ...

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