The UK’s development finance institution funds the new project alongside logistics company DP World. The port will become the single gateway for container imports and exports in the DRC. British International Investment (BII) has committed up to $35m (€31.7m)...

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Pacific International Lines (PIL) is stepping up its fleet renewal programme and has ordered five new container vessels with a 13,000 TEU capacity and dual-fuel liquefied natural gas (LNG) engines. The neo-Panamax-sized vessels are expected to be delivered...

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According to industry sources, on the 18th, HD Hyundai Marine Solutions, a subsidiary of HD Hyundai, secured its first project to convert an aging LNG carrier into a Floating Storage Unit (FSU). The $30 million project, commissioned by a European shipping company,...

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A group of Indian port workers’ unions has called for a strike from Aug. 28 to demand immediate settlement of pay revisions and pension benefits, according to a note signed by its members. A strike by India’s port workers could exacerbate the existing congestion...

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Mitsui O.S.K. Lines and Vale International announced that a 200,000-ton class bulk carrier, currently employed under a mid-term contract for the transportation of iron ore for Vale, has been successfully retrofitted with two 35m x 5m Norsepower Rotor SailsTM and...

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The Baltic Exchange’s main sea freight index rose on Monday to a more than three-week high as the capesize segment strengthened. The overall index, which factors in rates for capesize, Panamax, and supramax shipping vessels, was up 49 points, or 2.12%, at 2,356...

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