Port of Los Angeles Sets New Cargo Record in 2017
The Port of Los Angeles moved more cargo in 2017 than in any time in the port’s 110-year history, racking up 9.3 million TEUs.…
Japan’s Mitsui O.S.K. acquires Dutch Manning Company
Japan’s Mitsui O.S.K. Lines (MOL) has acquired full ownership of Azalea Maritime B.V., a Dutch manning company. MOL acquired 100%…
UAE and Kuwait announces Oil & Gas investments worth US$220Bn for the next 5 years
According to Ventures Onsite Report, Kuwait is planning to invest US$112 bn. in the next 5 years in the oil and gas sector to…
Wisdom Marine takes delivery of two eco-ship newbuilds from Japanese shipyards
Taiwanese shipping company, Wisdom Marine Lines takes delivery of two eco-ship newbuilds from Japanese shipyards.
The 61,950 dwt …
Lauritzen Kosan reflags two ships to Denmark
Danish shipping company, Lauritzen Kosan has reflagged two of its ships to Denmark for the first time since 2003. The…
Singapore: Container Volumes Increases at PSA International
Singapore-based port operator PSA International handled 74.24 million Twenty-foot Equivalent Units (TEUs) of containers at its…
Crude Oil prices hits $70 per barrel
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and…
Nigeria oil marketers calls for total deregulation of petroleum downstream sub-sector
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA)…
ENGIE to acquire two energy companies in West Africa, Afric Power and Tieri
Acquisition of Afric Power and Tieri gives ENGIE strong local presence to accelerate its expansion in energy services in…
Petrobras and Total completes the Transfer of Rights of the Lapa field in the Santos Basin pre-salt
Rio de Janeiro - Petrobras and Total has officially announced that they have finalized a decisive milestone in the realization of…