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The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week.

Oil majors Eni and Anadarko are moving forward with plans to build LNG terminals in Mozambique, an investment that promises to change the landscape of the African nation's economy.

New law promises to put an end to years of uncertainty and could lead to big contracts for Tamar and Leviathan gas fields.

King Ocean Services Limited, Inc. and Crowley Caribbean Services, LLC, both long-time customers at Broward County's Port Everglades, have entered into a vessel sharing agreement (VSA) that will expand their reach into the Port's top trade market, Central America.

Peel Ports is welcoming the election of Liverpool City Region Mayor, Steve Rotheram, as a unique opportunity to create a new vision for the local economy.

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.


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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