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The North Sea crude market is at its strongest for almost four years, as demand for prompt-loading barrels has rocketed and supply remains slightly constrained by oilfield maintenance.

Iran and Kazakhstan have established a joint shipping company in a bid to boost their bilateral trade, said managing director of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said, Tasnim reported.

World Trade Organization (WTO) economists have issued a strong upward revision to their forecast for 2017 trade expansion following a sharp acceleration in global trade growth in the first half of the year.

Abu Dhabi Ports signed 35-year concession agreement with Fujairah in June.

The team behind Clydeport, Scotland's global deep-sea gateway, is preparing to welcome an audience of over 100 shipping industry experts to a one-of-a-kind conference this month (Thursday 28 September) at Glasgow's iconic Science Centre Auditorium.

Dutch company WEC Lines is beginning a new service connecting the Port of Liverpool with Huelva, Vigo, Leixoes and Dublin. The service will begin from the end of September with weekly 300TEU vessels, but this is expected to grow significantly once trade develops.

Jan De Nul Group wins the annual IADC Safety Award, presented during the Annual General Meeting of the International Association of Dredging Companies (IADC) in Marseille, France. Jan De Nul Group is being honoured for its 'transport of pipeline optimization' initiative on its logistic hubs in Zelzate (Belgium) and worldwide. The award was presented by Frank Verhoeven, president of IADC to Maarten Tronckoe, Transport Supervisor at Jan De Nul Group, initiator and inspirer of the awarded initiative.

DP World to acquire both assets for total cash consideration of US$ 405 million

The IMO has issued a new warning on the bulk carriage of bauxite.

Dubai, United Arab Emirates, 17 September, 2017: DP World Limited announces that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019. DP World is a 49% shareholder in TPS, which represents a gross capacity of 2.1 million TEUs (twenty-foot containers) out of 85 million TEUs for the Group. There will be no material financial impact on the Group as a consequence of this action.

ABOUT US

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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