US inland port to boost Savannah trade

Cargo volume through the Port of Savannah is expected to receive a lift from a new intermodal rail facility to be built 570 km inland.
Plans for the USD24 million Appalachian Regional Port at Chatsworth, Georgia, were unveiled on 28 July by the Georgia Ports Authority (GPA), rail operator CSX, and

Scorpio continues buying spree

NYSE-listed Scorpio Tankers has finalised more newbuildings orders as it reports second-quarter results that exceeded analysts’ forecasts.
From Hyundai Mipo, the Emmanuele Lauro-led company has ordered two MR product tankers, each priced at USD34.5 million, and two Handymax product tankers, each

News insight: Greece looks offshore

The offshore sector has not so far been a factor in Greece’s rich maritime history, but the country’s debt crunch could change that.
Greece’s government said on 14 July that it has received three bids for undersea acreage in western and southern Greece. The names of the bidders

Sembcorp Marine’s Q2 profit slips 17%

Sembcorp Marine’s second-quarter net profit sagged 17% year on year to SGD109 million (USD80 million) as revenues sank at its rig-building unit.
The rig-building unit’s turnover dropped to SGD622.6 million for the quarter, down from SGD873.6 million in the same period last year, the Singapore-based

Seafarer charity blasts US visa demands

Seafarers who fail to obtain shore leave in the US are generally stuck on their ships by visa issues, according to a new survey.
The issue was highlighted by the 14th annual Shore Leave Survey, released on 28 July by the Seamen’s Church Institute (SCI) Center for Seafarers’ Rights.
But the US’s