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CMA CGM Group's US$1.4 billion-plus order for up to nine 22,000 TEU vessels is likely to be placed by October 2017, according to shipping analyst Lloyd's List.

The cost of shipping goods between Brazil and Chile is expected to fall by about 5 percent with the 2020 expiry of a pact that limited trade to ships registered in either country, the Brazilian industrial lobby CNI said on Monday.

  • Essar's first port project in Mozambique; big boost to company's third-party cargo handling plans
  • To be developed in partnership with Government of Mozambique / CFM; concession agreement to be in force for 30 years
  • To help Beira Port emerge as an export hub for coking coal, helping Asian clients make substantial savings in freight costs
  • Phase 1 of project to attract investment close to $275 million

State-run Cochin Shipyard targets to raise up to Rs 1,468 crore through its share sale offer. The price band for public issue of 3.3984 crore equity shares is fixed at Rs 424-432 per share.

Using VesselsValue's Offshore mapping service VV@, Senior Offshore Analyst Charlie Hockless has put togther a snap shot showing the percentage of the offshore fleet currently laid up. Across all offshore types, 28% of the fleet is currently laid up, with PSVs topping the table with 36% of their fleet currently laid up.

Jan De Nul Group's fall pipe vessel Simon Stevin arrived at the Visnes Eklogitt quarry in Norway. She will load and transport a first batch of 32,000 tonnes of rock to the Borkum Riffgrund 2 offshore wind farm in Germany, where she will install scour protection layers onto the seabed for the 36 wind turbine foundations. In 2018, the offshore jack-up vessel Vole au vent will start installing the monopile foundations.

logo gulfcontainer

  • Yang Ming Marine Transport Corporation’s 5,551 TEU container vessel YM Wealth on China Gulf Express service calls at Umm Qasr Port
  • Senior Iraqi government officials attend ceremony to mark milestone

TGI Maritime Software has just launched a new product, TGIBOX, dedicated to real time geolocalization of Container Handling Equipments on maritime terminals.

APL announced its highest recorded fleet carbon dioxide emissions reduction of 48% in 2016, compared to its base level in 2009. Verified by Lloyd's Register Group according to the Clean Cargo Working Group (CCWG) verification protocol and ISO14064-3:2006 standard, this achievement marks APL's seventh consecutive year of improvements.

Agreements were signed in Muscat last week for the implementation of Oman's first liquefied petroleum gas (LPG) extraction plant, with an $826mn investment earmarked to further boost the Sultanate's oil and gas industry.

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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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