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S&P Boosts Panama Canal’s Outlook to Positive

Two years after the inauguration of the Expanded Panama Canal, Standard & Poor’s (S&P) Global Ratings revised its outlook on the Panama Canal from stable to positive – demonstrating the global impact of the historic waterway. The rating agency also affirmed its A- rating for the Panama Canal, ranking the ACP two notches above that […]

Japan to Launch First LNG Bunkering Vessel in 2020

Central LNG Shipping Japan Corporation (CLS) placed an order a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, ordered the new vessel from Japanese shipbuilder Kawasaki Heavy Industries. […]

HHLA Takes Full Control Of TK, Estonia’s Largest Terminal Operator

Hamburger Hafen und Logistik AG (HHLA) finally assumed full responsibility for Estonia’s largest terminal operator, Transiidikeskuse AS (TK). The last conditions that the sales contract dated 26 March 2018 was subject to were recently fulfilled, resulting in all shares in Transiidikeskuse AS being transferred to HHLA International GmbH. As a result, the transaction has now […]