News
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Reuters : CLI to acquire 80% stake in Brazilian port operator EPSA
Rumo has decided to divest the stake as part of its strategy to promote long-term partnerships and focus on rail logistics. CLI will secure R$500m (92.4m) from Macquarie Corredor Logística e Infraestrutura Sul (CLI SUL), a wholly-owned arm of Corredor Logistica e Infraestrutura (CLI), has agreed to purchase an 80%…
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Suezmax crude oil tanker disabled by fire in Gibraltar Strait
Suezmax crude oil tanker ADVANTAGE SUMMER suffered a fire in an engine room on the evening of Jul 17 in Gibraltar Strait, while en route from Algeciras to Huelva, Spain. The tanker was disabled and had to be taken on tow by SAR tug LUZ DE MAR, she arrived back…
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Business Insider : 10 Things Before Opening Bell to-tracking Russian oil
Welcome back, markets people. I’m Phil Rosen, and today we’re breaking down how Russia’s war on Ukraine continues to reorder energy markets. Business Insider reported an article Business Insider confirms Moscow’s wartime gambit —from seeking new buyers to siphoning off supplies to former customers — has exacerbated a global energy shortage,…
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SC Ports achieves record fiscal year, applies creative solutions
CHARLESTON, SC — — South Carolina Ports achieved a record fiscal year in 2022 while maintaining fluidity for customers and the Southeast supply chain. “Through well-planned, targeted investment, South Carolina Ports has positioned itself as a top driver of South Carolina’s economy,” Governor Henry McMaster said. “Our investments into critical…
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Lürssen presents AHPO at the upcoming Monaco Yacht Show 2022
The Monaco Yacht Show takes its “seducation” approach into 2022 Lürssen is delighted to reveal that they will be displaying AHPO at the Monaco Yacht Show 2022. After her delivery in November 2021, she has spent her first season in the Caribbean and is currently cruising in the Mediterranean. She…
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King Abdullah Port turns the tide to resolve global supply chain crisis
Saudi ports record an increase in cargo handling by 27 million tons Our exceptional crane density helped us remain one of the most efficient ports: CEO King Abdullah Port is only 15 minutes from the anchorage, allowing easy access to the berths. This, together with our exceptional crane density, helped…
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Rabie inspects the project to develop the southern sector of the Suez Canal
Removing 30 million cubic meters of saturated sand… and increasing the number of dredgers to 9. ِAdmiral Osama Rabie, Chairman of the Suez Canal Authority, announced the increase in the number of dredgers operating in the southern sector development project, in both parts, to 9. Admiral Rabie pointed out that…
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EUCAP Mission in Somalia celebrates 10th anniversary
EUCAP Nestor, a regional civil maritime capacity-building mission focused on counter-piracy First established as EUCAP Nestor, a regional civil maritime capacity-building mission focused on counter-piracy, in July 2012, the mission was renamed EUCAP Somalia in 2016, with a focus on the Somali-based partner in Mogadishu. Currently, the mission is made…
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Free Harbor Boat Tours return to the Port of Los Angeles
CONTAINER DWELL FEE IS ON HOLD THROUGH JULY 22 One Hour, Narrated Tours Set for Saturday, July 30 The Port of Los Angeles will offer free harbor boat tours of Los Angeles Harbor on Saturday, July 30. Tours will depart every 30 minutes from the Los Angeles Maritime Museum, located…
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MSC SEASIDE OPERATIONS UPDATE
Last week we identified an electrical issue on the engine of MSC Seaside. Despite our best efforts to fix the problem while the ship was at sea, we had no choice but to send the vessel to the shipyard in Palermo, Italy, on 11 July for necessary repair works. And…
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