Calcasieu Pass LNG Facility Gets $1.3bln

US liquefied natural gas (LNG) developer Venture Global LNG has signed a deal with investment firm Stonepeak Infrastructure Partners for a $1.3bn equity investment in the Calcasieu Pass LNG export facility.Calcasieu Pass  project is a 10 million…

APM Terminals Boosts Nigerian Agri-Export

The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of its kind in East Nigeria - provides Nigerian farmers with an opportunity to grow…

Gothenburg Port Reaches Major Milestone

According to the Port of Gothenburg, an important milestone is reached in the largest development project at the Port of Gothenburg in 40 years.The first phase of the water-based work has now been completed and construction of the 220,000 square metre terminal is due to move on to the next phase.

30% of Sea Needs Protection by 2030

To keep the planet flourishing, 30 percent of Earth needs protection by 2030. Today about eight percent of the ocean and 15 percent of land is protected."We’re on track to reach a global goal of protecting 10 percent of the ocean and 17 percent of the land by 2020…

Only 10% of Shale Firms Reports Positive Cash Flow

Only four, out of the financial performance of 40 dedicated US shale oil firms under study, reported a positive cash flow balance in the first quarter of 2019, bringing down the share of companies with a positive cash flow balance from the recent…

CMA CGM's Turnaround Plan for CEVA

Following the friendly takeover bid for the contract logistics and freight management solutions provider CEVA Logistics, the French container transportation and shipping giant CMA CGM Group now holds 99.4% of CEVA's equity.The shipping Group is resolutely committed to CEVA's financial recovery…

EU to Finance AUTOSHIP

While the shipbuilding market has been advantaging Asian lower-cost manufacturing in the last decades, AUTOSHIP will build around two EU industrial market and leading technology providers, such as Rolls Royce and Kongsberg, to create a stronger…

DMA Begins Digital Voyage

The Danish Maritime Authority (DMA) has launched a pilot project on digital certificates for seafarers.MUMBAI MÆRSK heads out from the Port of Aarhus for destinations in Europe, Africa and Asia with crew certificates that are entirely digital…

EU NAVFOR Reviews Somali Piracy Attack

The European Union’s counter-piracy force EU NAVFOR Somalia Operation Atalanta has revealed the scenerio after having responded to the attack on 21 April. The suspected pirates seized a fishing dhow off the coast of Somalia then, holding 23 people hostage.Two days later…

Hutchison Ports, CN Rail to Build Terminal in Canada

Canadian Québec Port Authority (QPA) has signed a long-term commercial agreement with Hong Kong's Hutchison Ports and Canadian National Railway (CN) to build and operate a new container terminal, known as project Laurentia.The agreement increases…