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PARIS – Total and the National Iranian Oil Co. (NIOC) have signed a 20-year contract for the development of and production from Phase 11 of the South Pars gas field in the Persian Gulf.

Although the political turmoil continues in Brasilia, waterborne cargo movement in Brazil still managed to grow during the first quarter of this year and Brazilian ports will need to invest more to keep up with expected future increases.

What Total's $4.8 billion investment means for Iran

  • Iran signs deal with France's Total and China's CNPC to develop its South Par gas field.
  • The deal is the first since sanctions were lifted in early 2016.
  • A consortium of Indian businesses have made a bid for another of Iran's gas fields.

Two decades ago, Shanghai’s ambitious goal was to transform itself into an international metropolis with world-class financial and shipping centres on a par with Hong Kong.

Abu Dhabi's state-owned Adnoc has relaxed restrictions on the entry into Abu Dhabi ports and the Fujairah terminal of non-Qatari flagged or owned vessels going to or from Qatar.

Maersk Line, one of the world's largest container shipping companies, said on Wednesday its cargo booking system was back up and running after a global cyber attack crippled its IT networks a day earlier.

Uruguayan container operator Montecon has installed two of the largest mobile harbour cranes in the world to boost productivity and help handle the larger vessels, of up to 10,500 TEU capacity, that are now calling at the port of Montevideo.

Peel Ports Group has reached a significant milestone in its Sheerness Master Plan, a 20-year strategy for growth, as construction progresses at its Wellmarsh site.

Tuesday, 27 June 2017

COSCO Orders Six Megaships

China COSCO Shipping plans to expand its container fleet with 14 new container ships and will be adding routes from Asia to Europe, according to China Daily.

South Africa's competition authority has rejected the proposed container division merger between Japan's three largest carriers just days before the new joint venture (JV) Ocean Network Express (ONE) was expected to be formed.


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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