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Only a few days after the first Gravity Based Foundation was installed, the project team of Jan De Nul Group floated off and installed the second and even larger GBF for the offshore wind farm Kriegers Flak in Denmark. The weather was favourable and the installation operation of this 10,000 tonnes masterpiece went according to plan.

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Djibouti has terminated the concession contract with Dubai-based port and terminal operator DP World for the operation of the Doraleh Container Terminal (DCT) in Djibouti, Reuters reports citing a statement from the president's office.

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Having experienced falling freight rates from August to year-end in 2017, most liner companies were successful in pushing rates higher in early January 2018. Remarkably, most of them managed to hold onto most of the gains they achieved, considering October and November were challenging in terms of very low demand growth. The weak demand came from the Far East to Europe trade, and on the Intra-Asian transport.

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Friday, 23 February 2018 16:18

Hapag-Lloyd CEO Dismisses Overcapacity Fears

The container shipping industry has braved the storm over the past couple of years getting to grips with tonnage overcapacity through consolidation, mergers and acquisitions, as well as abstaining from ordering new ships.

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Thursday, 22 February 2018 12:04

BP Predicts Four-Way Energy Split by 2040

The newly-released 2018 edition of BP's Energy Outlook predicts that oil, gas, coal and non-fossil fuels will each contribute around a quarter of the energy mix by 2040.

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A consortium of three companies has secured a contract for the port development project Tuas Terminal Phase II in Singapore.

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The European Commission has fined four maritime car carriers EUR 395 million (USD 486.6 million) for taking part in cartels.

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Thursday, 22 February 2018 09:50

Maersk Seeks to Become More Like FedEx

Maersk Group wants to unify its transportation services into a seamless global network for shippers, from pickup to dropoff, in a bid to become a sole-source provider of logistics solutions.

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Although sale of bunker oil at the Port of Rotteram decreased in 2017, the throughput of bunkered liquefied natural gas (LNG) was up during the year.

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This weekend, the first Gravity Based Foundation for the offshore wind farm Kriegers Flak was installed in Denmark, another milestone in this project.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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