Melbourne's next container port should be built near Geelong but Infrastructure Victoria says the $6 billion facility won't be needed until 2055.
China’s Belt and Road Initiative is slowly taking shape, as was evidenced over the course of the past few days. However, exactly how will shipping benefit from this colossal project is still a bit hazy, although most analysts would argue that the potential is there.
Damen Shipyards Group supports the report ‘The Navy and the Netherlands Maritime Cluster – an ecosystem under pressure’, by PRC (Policy Research Corporation). The report calls for increased investment into the Dutch naval fleet via ‘Launching Customer’ projects.
Damen is celebrating nine decades of operations in the shipbuilding industry. From small beginnings in the 1920s, the company has grown into a renowned maritime service provider that employs 9,000 people. With Dutch roots, Damen’s expansion has been global. This growth can be viewed in terms of its yards, service hubs and other subsidiary companies as well as a globally-operating client base. For 90 years, Damen’s vessel designs have successfully served customers operating on all over the world.
The National Inland Waterways Authority (NIWA) says militancy and sea piracy slow down marine transportation on the dredged 572km stretch of the lower River Niger.
German container shipping firm Hapag-Lloyd said it should achieve higher earnings this year, based on expectations for a moderate increase in freight rates and cost savings. “The outlook is fairly positive,” Chief Executive Rolf Habben Jansen said in a video interview on the company’s website. “Supply and demand are getting closer and closer together.”
Global container terminal operator DP World reported 8.2% volume growth in the first half of the year with the help of gains from new shipping alliances.
IT makes the Sydney Opera House, London Eye and Taj Mahal look like doll houses, contains five times more steel than the Sydney Harbour Bridge, is almost twice as long as the Titanic and 2 1/2 times as wide.
Over the last decades, the global shipping industry has been one of the major factors of the globalization process. At the same time, the shipping industry is itself being transformed by growing international trade, market integration and the shifting balance of economic power from developed economies to rapidly growing lower wage economies. As shipping-related economic activities are also becoming more globalized, cities and states have to compete to attract international maritime companies.
The 13 OPEC countries produced about 36.4 MMbbl/d of crude oil and condensate in 2016, the highest in the past several years. Threatened by the U.S. shale boom, the group led by Saudi Arabia decided to fight for market share in 2014, resulting in an industry downturn as oil prices completely collapsed.
Country is in talks to acquire a 19% stake in joint venture administering Berbera port
There is no evidence a pact by global oil producers to curb output needs to be adjusted, Saudi Arabia’s Energy Minister Khalid Al-Falih said on Saturday, describing the recent weakness in crude prices as an overreaction to statistical glitches.