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Westports Q3 profit up 12% as container volume expands
Westports Holdings Bhd saw its net profit increase 11.9% to RM159.24 million for the third quarter ended September 30, 2019 against RM142.32 million in the previous corresponding period, due to a double-digit growth in container volume and the implementation of a container tariff hike that took effect on March 1, 2019.Posted On:7-Nov-2019
Credits: www.bunkerportsnews.com |
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Harvest Midstream Company Announces New Ingleside Pipeline and Harvest Midway Terminal
Yesterday, Harvest Midstream Company, an affiliate of Hilcorp Energy Company, announced the start of construction for the Ingleside Pipeline and the Harvest Midway Terminal.
The Ingleside Pipeline is a new 24-mile, 24-inch oil pipeline that will originate from the Harvest Midway Terminal and connect to multiple oil export terminals in the Ingleside area, including the Flint Hills Resources Ingleside Terminal and the South Texas Gateway Terminal being developed by Buckeye Partners.Posted On:7-Nov-2019
Credits: www.bunkerportsnews.com |
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EPIK Appoints ANZ to Serve as Financial Adviser for Newcastle GasDock LNG Import Terminal
EPIK Co. Ltd. (EPIK), a liquefied natural gas (LNG) project development company, announced today that it has appointed Australia and New Zealand Banking Group Limited (ANZ) to serve as financial adviser for its Newcastle GasDock LNG import terminal.
ANZ will provide debt and equity advisory services for EPIK s flagship FSRU project at the Port of Newcastle in New South Wales (NSW) in the lead up to a Final Investment Decision (FID), anticipated in mid-2020.Posted On:7-Nov-2019
Credits: www.bunkerportsnews.com |
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Port of Rotterdam in strong position as a future circular hub
In terms of size and strategic location, the Port of Rotterdam is strategically well-positioned to develop into a circular hub. The industry here is a major consumer of raw materials and, like the logistics sector and the surrounding region, it generates a wide variety of waste flows. The beneficial use and recycling of these residual flows fits in with the broader transition to a new system of raw materials and offers Rotterdam new economic and social opportunities.Posted On:7-Nov-2019
Credits: www.bunkerportsnews.com |
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TGA Vice Chairman: Registering Ships under Saudi Arabia s Flag Now Takes Less Than 2 Minutes
The growth of the Saudi Arabian flagged fleet by 28 percent in 2018 can be largely attributed to improvements achieved by the country s maritime authority, Vice Chairman of the General Authority for Transport for the Maritime Transport Sector, Farid bin Abdullah Al-Qahtani, said.
Speaking to World Maritime News on the sidelines of the Sustainable Marine Development Towards 2030 and Beyond conference, which is being hosted by the Kingdom of Saudi Arabia this week, Al-Qahtani noted that the improvements now enable shipowners to register their ships under the Saudi Arabian flag in less than two minutes.Posted On:7-Nov-2019
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Karigithu: Investing in Critical Infrastructure, Port Development Key for Blue Economy
On the sidelines of the ongoing international conference on "Sustainable Maritime Development Towards 2030 and Beyond" being held in Jeddah, Saudi Arabia, World Maritime News had the opportunity to speak with Nancy Karigithu, Principal Secretary for State Department for Shipping and Maritime Affairs (SD&MA), Kenya.
Referring to the country s progress and the future steps in availing of the potential of Blue Economy, Karigithu said that this is a new concept adopted by Kenya.Posted On:7-Nov-2019
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Frederick J. Kenney: No Country Has Ratified Every Single IMO Treaty
There is no country in the world that has ratified every single International Maritime Organization (IMO) convention, Frederick J. Kenney, Director of Legal and External Affairs at IMO, pointed out at an international conference in Jeddah on November 5.
On the second day of the conference on "Sustainable Maritime Development Towards 2030 and Beyond", Kenney talked about IMO and the regulatory framework - accession to IMO instruments, assistance with legislation as well as compensation regimes.Posted On:7-Nov-2019
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Ferry with more than 1000 passengers ran aground off Stockholm
Ferry PRINCESS ANASTASIA ran aground shortly after unmooring at Stockholm in Brevik area, at around 1710 UTC Nov 6. Ferry with more than 1000 passengers on board was bound for Helsinki Finland. Understood she is already refloated and taken back to terminal at Stockholm, she was in process of berthing as of 1940 UTC, assisted by tugs and escorted by rescue and CG boats. Blackout said to be the cause of grounding.Posted On:7-Nov-2019
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