Cargo volume

Port of New York surpasses Long Beach

During 2019, the port handled 5,231,418 loaded TEUs, surpassing the loaded imports handled by the Port of Long Beach, elevating the port to No. 2 in the nation for the first time in two decades

markets

Fuel market calm ahead of IMO changeover

London - Fears about a shortage of diesel and other middle distillates stemming from new marine pollution regulations have receded, with distillate premiums falling to some of the lowest levels for two years

markets

GE brings in shipper Maersk’s CFO as finance chief

Boston - General Electric on Monday named finance head at shipper AP Moller-Maersk as its new chief financial officer in the latest top-level change aimed at turning around the U.S. industrial conglomerate

markets

BP CEO draws up plan to step down

London - BP Chief Executive Officer Bob Dudley is drawing up plans to step down next year, ending a tumultuous decade at the helm of the oil and gas company that swung from near collapse in 2010 to rapid growth

markets

Hyundai Heavy fined in the U.S.

Seoul - Hyundai Heavy has agreed to pay a 47 million dollars fine to the U.S. authorities for selling engines that violated environmental rules in the country

markets

Blackstone, “Next wave of U.S. LNG export to be tougher”

Houston - The next wave of U.S. LNG export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, said the chief executive of Blackstone Group

markets

Qatar Petroleum and Shell in LNG venture

Dubai - Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world

markets

Gazprom studies consequences of EU court Opal ruling

Moscow - Russian natural gas producer Gazprom’s export arm Gazprom Export said it was studying the legal and commercial consequences of a court ruling which reinstated curbs on gas flows via the Opal pipeline