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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 [...]


The container shipping sector has seen a massive consolidation wave over the past few years, reducing the number of carriers considerably.

It is estimated that by 2021, 75% of the global containership fleet will be owned by only seven top-tier liner companies, compared to 37% in 2005.

Further consolidation in the sector through mergers and acquisitions cannot be ruled out, however, the window of opportunity for the trend to continue [...]


Ocean Network Express (ONE) expanded its fleet with the latest containership newbuilding, the ONE Apus, on April 24.

The 14,000 TEU boxship was delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha.

It is the sixth of a series of seven new 14,000 TEU magenta containerships under construction for the shipping company.

Equipped with outstanding safety and environmentally-friendly capabilities such as structural arrest [...]


Shipping firm Wallenius Wilhelmsen has taken delivery of the Post-Panamax vessel MV Traviata.

On its maiden voyage, Traviata’s first ports of call will be in Japan, loading in Omaezaki and Higashiharima. It will then sail the Asia-North America trade route.

The vessel is the second of a series of four Post-Panamax HERO vessels, with a capacity equivalent to 8,000 cars and electrically hoistable deck panels, ordered by the company for [...]


Danish shipping and logistics company DFDS has decided to invest in startup company Mash Energy ApS to develop a commercially viable biofuel.

Together with Mash Energy, the goal is to develop an alternative to fossil fuels, including testing on a DFDS ferry.

“We are extremely pleased to add DFDS, a large ferry operator, to the ownership circle which will give opportunities to test the biofuel in engines and verify that [...]


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 [...]


The US Port of Long Beach moved over 1.8 million TEUs in the first quarter of 2019, marking the port’s second-busiest January through March period.

The figure was achieved despite lingering trade uncertainty, the port said, adding that the volumes dropped by 4.7 percent compared to last year’s opening quarter.

“With warehouses full from shippers rushing to beat the looming threat of escalating tariffs, shipments slowed somewhat,” Mario Cordero, Port of [...]


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.

In addition to [...]


South Korean shipbuilder Samsung Heavy Industries and technology group Wärtsilä are joining forces to develop more efficient solutions for LNG carriers and shuttle tankers.

The two sides signed a Joint Development Project (JDP) agreement at the LNG19 exhibition in Shanghai on April 3.

Overall cost optimization, including both CAPEX and OPEX, is among the project aims.

Wärtsilä said that a strong LNG carrier newbuilding market was an important driver for [...]


Sweden-based shipowner Furetank Rederi AB has decided to order one dual-fuel product tanker and dispose of an existing vessel built in 2018.

As informed, the company has signed a contract for one 17,999 dwt tanker at Avic Dingheng Shipbuilding. The agreement with the yard includes an option for one further vessel.

The 20,306 cbm newbuild will be identical to the series of six sister vessels built by Avic Dingheng Shipbuilding for Furetank [...]

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