Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Pan Ocean Expects $13 Billion Lower Revenues from Vale Deal, After Recent Revision to Account for Lower Bunker Costs

Further to Announcement released on SGX-ST on 22 September 2009, Pan Ocean Co., Ltd. (the Company) has announced  that the Company and Vale International SA (Vale) have mutually agreed to change the previous …
Jan 4, 2019 /  Finance
Traxens Trials Internet-of–Things (IoT) Network in a Port Environment for the First Time at MSC Terminal Valencia

Traxens Trials Internet-of–Things (IoT) Network in a Port Environment for the First Time at MSC Terminal Valencia

Pilot project from big data and fleet management specialist aimed at providing better overview of traffic at port for improved operational efficiency Traxens, a company providing high-value data and services for the …
Dec 13, 2018 /  Vessels
Valencia Port Exceeds 5 Million Containers

Valencia Port Exceeds 5 Million Containers

In the last twelve months, container traffic in the Valencian area has increased by 4.78%. Valencia Port consolidates its centrality and its reference in the Mediterranean for traffic between Asia, Europe and …
Nov 20, 2018 /  Curious
Noatum invests €26.5 million to expand its terminal in Valencia port

Noatum invests €26.5 million to expand its terminal in Valencia port

The recently-announced extension of Noatum Ports’ concession licence for its Valencia container terminal to 2041 will be accompanied by an investment of €26.5 million in the facility by Noatum owner, …
Aug 21, 2018 /  Finance
Svitzer adds two Sanmar-built tractor tugs to its fleet

Svitzer adds two Sanmar-built tractor tugs to its fleet

The world’s leading harbour and terminal towage provider Svitzer has added two Sanmar built tractors to its fleet. Delicay II, now renamed Svitzer Vale, is to be introduced to the Port of London. Delicay III, to …
May 3, 2018 /  Vessels
First Balearia LNG ferry Hypatia de Alejandría launched in Italy

First Balearia LNG ferry Hypatia de Alejandría launched in Italy

Spanish ferry operator Baleària last week launched its first out of two liquefied natural gas (LNG)-powered ferries being built at the Italian shipbuilder Cantiere Navale Visentini. Baleària ordered the …
Apr 3, 2018 /  Vessels
Vale’s 400,000-ton newbuild ore carrier delivered in Qingdao

Vale’s 400,000-ton newbuild ore carrier delivered in Qingdao

A 400,000-ton ore carrier, Ore Tianjin, was delivered to Brazil's iron ore giant Vale in the coastal city of Qingdao in east China's Shandong Province on March 22, 2018.  Caption: Ore carrier Ore Tianjin - …
Mar 23, 2018 /  Vessels
“Green” vessel built on a Vale initiative loads for the first time at the Tubarão port

“Green” vessel built on a Vale initiative loads for the first time at the Tubarão port

The ship, the first out of 32, will emit between 15% and 20% less carbon dioxide than the existing Valemaxes The first second-generation Very Large Ore Carrier (VLOC) loaded for the first time this week at the …
Feb 28, 2018 /  Vessels
Cruising Romantically with Your Loved Ones

Cruising Romantically with Your Loved Ones

Valentine's Day is just around the corner. It is an important day to be together with your loved ones, having a great time as you celebrate this world-famous day. Simple gestures like giving chocolates are …
Feb 8, 2018 /  Cruise
U-Ming of Taiwan signs its largest ever Contract of Affreightment deal; Orders two Very Large Ore Carriers from China yard

U-Ming of Taiwan signs its largest ever Contract of Affreightment deal; Orders two Very Large Ore Carriers from China yard

U-Ming Marine Transport (Singapore) Private Limited, a subsidiary of U-Ming Marine Transport Corporation (2606), has signed a 25-year Contract of Affreightment (COA) with Vale International SA of Switzerland. The COA is …
Jan 31, 2018 /  Curious