Marine fuel logistics company Aegean Marine Petroleum Network announced that its plan of reorganization became effective and it has emerged from the voluntary Chapter 11 restructuring commenced on November 6, 2018.The company will now operate under t…
Aegean Marine Becomes Minerva Bunkering Read More »
Revenue stability and capex plans are the main drivers of credit rating differences among Asia-Pacific ports, according to a new Fitch Ratings report. Leverage and debt structure also set apart the ratings.Revenue stability, due to strong volume or pri…
Fitch Bullish on Asia-Pacific Ports Read More »
Maurizio Aponte, executive director for Europe of the group Mediterranean Shipping Company (MSC) is stepping down.He will be taking up new responsibilities within the MSC family, effective 1 May 2019, said a press note. Maurizio is a relative of Gianl…
MSC Executive Director Maurizio Aponte Leaves Read More »
Australia’s Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 50.3 million tonnes (Mt) for the month of March 2019, which was a 13% decrease compared to the same month in 2018.During March 2019, Tropical Cyclone Veronica closed …
Pilbara Ports Throughput Down by 13% Read More »
KA Petra, a Malaysian ship-to-ship (STS) transfer specialist, has signed a Heads of Agreement (HOA) with Hutchison Port Holdings to jointly develop the world’s largest STS transfer hub in the country.Under the terms of the HOA, KA Petra will have 70% i…
World’s Largest STS Transfer Hub Comes in Malaysia Read More »