Global Lighthouse Shipping Company

Lloyd’s Register

First phase of Tema port expansion project to be operational in June

First phase of Tema port expansion project to be operational in June. The first phase of the Tema port expansion project by Meridian Ports Services is expected to be operational by end of June this year. So far about 80 per cent of work has been done on the initial phase. According to the Chief […]

Samsung Heavy Wins Deal for LNG Carrier Quartet

South Korea’s Samsung Heavy Industries has clinched an order to build four liquefied natural gas (LNG) carriers. The shipbuilder received newbuilding orders from a US shipowner, SHI said in a regulatory filing without revealing further details. The shipbuilding deal is worth around KRW 870.4 billion (USD 774.9 million) and it would see Samsung Heavy deliver […]

Port of Rotterdam’s Container Volumes Continue to Grow

Port of Rotterdam saw its total throughput drop by 0.4% in the first three quarters of 2018, compared to the same period a year earlier. Container volumes continued to grow at a markedly higher pace than the first nine months of 2017, even recording a new all-time high in August. Wet and dry bulk, however, […]

Trump Delays Tariffs on USD 200 Bn of Chinese Imports

The United States’ President, Donald Trump, said that the additional Chinese tariffs, which were scheduled to take effect from March 1, would be delayed. On February 24, Trump said he would delay the deadline to increase tariffs on USD 200 billion in Chinese imports, adding that the officials of the world’s two largest economies made “substantial progress” during […]

Gunvor, Oceangold & Maas Capital Order 6 Tankers via New JV

Commodities trading house Gunvor Group has entered into a joint venture with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new ship holding company. The three partners hold an equal share in ClearOcean Tankers, which has been incorporated in Cyprus. ClearOcean Tankers hasn’t wasted time and has already entered into shipbuilding contracts with STX […]

DP World on Track to Meet Market Expectations

Port and terminal operator DP World witnessed a rise in volumes, as gross container numbers grew by 2.6% in the first nine months of 2018. During the period, the group handled 53.6 million TEU across its global portfolio of container terminals. At a consolidated level, DP World’s terminals handled 27.7 million TEU during the first nine months […]