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The Panama Canal is to increase the maximum allowable beam for vessels transiting the Neopanamax Locks.

Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka.

In the first quarter 2018 Taganrog Sea Commercial Port (TSCP, part of UCL Holding) invested USD 217,600 in the programme of its port facilities development.

The traditional class and statutory survey regime consisting of annual and five-year cycles has been shown to be too rigid for mobile offshore units (MOUs). Leveraging advanced digital technology, DNV GL’s revised Offshore Rules published in January 2018 provide much more flexibility.

The road towards digitalization in the offshore industry is long and many steps need to be taken to ensure safe and smart operations. Yet, there is an increasing need for new and alternative approaches to the cooperation between class and customer, especially with the aim of reducing “out-of-service” time. In response DNV GL has updated the rules for mobile offshore units (MOUs) in-service to make sure classification remains relevant and keeps abreast of new technologies and trends.

Suriname's Coast Guard reported Monday that 16 fishermen are missing after an aggressive pirate attack on four boats. 

In the light of efforts to decarbonise maritime transport, the Japanese government expects LNG to become a significant fuel for shipping and is positioning Japan as a hub for ships to bunker LNG.

Japanese shipping major K Line delivered a net profit of JPY 10.4 billion for the fiscal year ended March 31, 2018, compared to a net loss of JPY 139.4 billion seen a year earlier.

In August, El Salvador's Comisión Ejecutiva Portuaria Autónoma (CEPA), or Autonomous Port Executive Commission, is to issue a new tender for the Port of La Unión Centroamericana (Port of La Unión). The decision was revealed by CEPA's president, Nelson Vanegas.

Oversupply of tonnage could soon be eradicated in the wet markets, if the current pace of demolition activity is maintained. In its latest weekly report, shipbroker Intermodal noted that “on the crude sector, a very anemic supply growth in 2014 helped the market enjoy a very good year in 2015 as the demand for crude carriers surpassed the fleet growth. Consequentially, the improved market led to renewed appetite for new buildings and the orders peaked in 2015”.

Japanese shipping major Mitsui O.S.K Lines (MOL) has reported a full-year loss for the fiscal year ended March 31, 2018, of USD 446 million (JPY 47.3 billion).

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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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