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FreightWaves Staff Thursday, April 4, 2019

EPIK appointment for floating LNG terminal at Newcastle

Brisbane, Australia-based construction company Watpac has been contracted to provide design, engineering and construction services to EPIK, a South Korean liquefied natural gas (LNG) developer for the construction and placement of a floating storage regasification unit (FSRU) at the Port of Newcastle in New South Wales, Australia. Watpac is a subsidiary of Belgian multi-disciplinary engineering company, Besix.

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FreightWaves Staff Tuesday, April 2, 2019

Heavyweights of air cargo

Air cargo varies from the size of an envelope to a 200-ton piece of machinery. Learn about the airplanes that are capable of moving the biggest, heaviest cargo on earth in this article by FreightWaves Market Expert Jesse Cohen.

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FreightWaves Staff Tuesday, April 2, 2019

Huge jump in China Merchants Port Holdings’ revenues and profits

Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box and bulk ports primarily in China but also around the world, reported revenues of HK$10.16 billion (US$1.29 billion). That’s a 16.9 percent increase on the previous calendar year’s figure of HK$8.7 billion.

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