Breakbulk & Projects

Vale signals cut in production growth as iron price slumps

Reuters | April 30, 2015 | Breakbulk & Projects | Breakbulk

Brazil’s Vale SA said on Thursday it could reduce forecasted iron ore production by up to 30 million tonnes over the next two years, as the miner tries to resuscitate margins in the midst of a severe price slump. Read More »

GAC North America completes transatlantic move of 14-ton dolly ahead of schedule

AJOT | April 30, 2015 | Breakbulk & Projects | Projects

GAC’s project logistics experts recently loaded a 14.1 ton assembly dolly and ensured quick transportation and early delivery from Houston through Los Angeles and on to Luanda, Angola, for Ensco plc, a global provider of offshore drilling services. Read More »

Yemen struggles to import food as coalition navies hold up more ships

Reuters | April 27, 2015 | Breakbulk & Projects | Breakbulk

Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. Read More »

Asian grain mills stick with containers despite higher cost

Reuters | April 20, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

Rapid growth in the use of containers to ship grains and oilseeds to Southeast Asia could take a step back this year after a fall in bulk freight rates to record lows, although smaller mills will mostly stick with containers, traders said. Read More »

Vingroup unit wins port building deal

Reuters | April 15, 2015 | Breakbulk & Projects | Projects

The investment for the whole project is more than 1.64 trillion dong ($76 million), of which 493 billion dong would be allocated for the BOT part and the port is slated to become operational in 2017, the report said. Read More »

Magellan Midstream, TransCanada to develop Houston pipeline

Reuters | April 14, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Magellan Midstream Partners LP and TransCanada Corp , Canada’s second-largest pipeline company, said on Tuesday they will develop a pipeline to connect TransCanada’s Houston tank terminal to Magellan’s East Houston terminal. Read More »

Gibson Energy to build 900,000 barrels of crude storage in Alberta

Reuters | April 13, 2015 | Breakbulk & Projects | Projects | Energy

Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers. Read More »

Mitsubishi group to build methanol plant in Trinidad and Tobago

Reuters | April 13, 2015 | Breakbulk & Projects | Projects | Energy | Refinery

Japan’s three Mitsubishi group companies have signed a contract with state-owned National Gas Company of Trinidad and Tobago Ltd and Massy Holdings to build a methanol producing plant in the Caribbean country for about $1 billion. Read More »

China Life, Ping An take majority stake in $500 million Boston property project

Reuters | April 10, 2015 | Breakbulk & Projects | Projects

China's two biggest insurers are funding the majority of a $500 million commercial real estate project in the United States, a person with knowledge of the deal said, in the latest offshore property investment by China's cash-rich financial institutions. Read More »

China’s environment ministry blocks hydro project

Reuters | April 10, 2015 | Breakbulk & Projects | Projects

China's environment ministry has refused approval for a hydropower dam on an ecologically vulnerable river already damaged by construction, a rare setback for the country's extensive dam-building program. Read More »

Brazil port city suspends Ultracargo fuel operations after fire

Reuters | April 10, 2015 | Breakbulk & Projects | Breakbulk | Ports & Terminals | Ports | Wet Bulk Port

The mayor of Santos suspended on Friday operations at a fuel storage warehouse in Brazil after a week-long fire at the facility operated by Ultracargo slowed exports from the country’s largest port. Read More »

First Shipment of Pinotage Wine Grapes from South Africa Hit US Market

AJOT | April 09, 2015 | Breakbulk & Projects | Breakbulk

March may have come in like a lion and left like a lamb but a new breed of import to the United States came roaring in, taking the form of Pinotage Grapes from the Western Cape region of the Republic of South Africa. Read More »

Saudi-led coalition bars wheat ship from entering Yemen port

Reuters | April 09, 2015 | Breakbulk & Projects | Breakbulk

Warships from the Saudi-led coalition have blocked a vessel carrying more than 47,000 tonnes of wheat from entering a Yemeni port, demanding United Nations guarantees that the cargo would not go to military personnel, shipping sources said on Thursday. Read More »

IFC plans up to $2 billion investment in Egyptian infrastructure, power

Reuters | April 09, 2015 | Breakbulk & Projects | Projects

The World Bank’s development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters. Read More »

Russian farming conglomerate Rusagro posts record earnings

Reuters | April 09, 2015 | Breakbulk & Projects | Breakbulk

Russian farming conglomerate Rusagro Group made a record profit last year, having reaped the benefits of a national ban on Western agriculture products and the decline of the rouble. Read More »

GCS Group handles growing volumes of Russian project cargo exports

AJOT | April 07, 2015 | Breakbulk & Projects | Projects

Transcontainer LLC and RUSCON, two divisions of the GCS Group, are among the many local companies involved in the growing out-of-gauge (OOG) export business driven by the Russian currency depreciation over the last year. Read More »

Engineering expertise enables HANSA HEAVY LIFT to safely load long fractionator column in Italy

AJOT | April 07, 2015 | Breakbulk & Projects | Projects

HANSA HEAVY LIFT has safely loaded an ethylene fractionator column measuring 87 meters long and weighing 604 metric tons at the port of Ortona/Italy for CB&I. Read More »

Benin, Niger finalise terms of Bollore’s 1 billion euro rail link

Reuters | April 07, 2015 | Breakbulk & Projects | Projects

Niger and Benin signed a deal on Tuesday to finalise the terms of the construction and operation of a railway linking Niamey with the port of Cotonou, expected to be finished in the middle of next year. Read More »

Engineering expertise enables Hansa Heavy Lift to safely load long fractionator column in Italy

AJOT | April 07, 2015 | Breakbulk & Projects | Projects

Crowds turn out in the port of Ortona to welcome HHL Lagos, one of the largest vessels to ever berth at the Italian port Read More »

Sri Lanka intensifies scrutiny of Chinese projects

Reuters | April 05, 2015 | Breakbulk & Projects | Projects

Sri Lanka ordered a review of 35 investment projects on Friday, most of them awarded to Chinese firms by the previous administration, suggesting ties remain fragile despite Beijing’s attempts to assuage concerns. Read More »