The new CEO of US oil company ExxonMobil, who took over the position from the current US Secretary of State, Rex Tillerson, will continue to invest billions in the Gulf of Mexico in both new and existing refineries.
Collapsed South Korean carrier Hanjin controlled a fleet of 102 container vessels, which have since been absorbed by other carriers. One carrier in particular has taken over a third of Hanjin's former capacity, writes Alphaliner.
Following the announced merger with Navig8, Scorpio Tankers delayed its interim report, published instead today, Monday, and which shows a deficit for the first six months. The numbers further underline the strain on the product tanker sector.
Several ports across Asia and Europe have made gains from the new container alliances which have entered into force on the Asia-Europe routes, says SeaIntel. Meanwhile,some ports have also experienced a "significant decline" in port callings since 2014.
The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.