The largest change in petroleum flows through the expanded Panama Canal has been the increase of hydrocarbon gas liquids (HGL), especially propane, from the U.S. Gulf Coast to destinations in Asia.
According to the U.S. Energy Information Administration (EIA), most of the petroleum transiting the Panama Canal travels southbound from the Atlantic Ocean to the Pacific Ocean. Flows of HGL are the largest single petroleum commodity transiting the canal, EIA [...]
French shipping major CMA CGM has completed its public tender offer to acquire CEVA Logistics.
Following the close of the offer launched in mid-February, the shipping company would hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for April 16, 2019.
CMA CGM, which plans to delist CEVA from the Zurich Stock Exchange, said that the merger would strengthen its position as a [...]
South Africa has decided to allow the use of exhaust gas cleaning systems (EGCS) in its territorial waters and ports ahead of the IMO 2020 regulation.
According to an advisory notice issued by the South African Maritime Safety Authority (SAMSA) to shipowners, operators, master mariners and bunker suppliers in March, the authority said that the use of open-loop, closed-loop and hybrid systems was accepted until further notice.