The Port Journal

BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing. Cutting buybacks marks the most significant shift in BP’s financial framework since it halved its dividend in August 2020 following the pandemic-driven collapse in oil prices. […]

Wheat exports from Ukraine remain at an extremely low level so far in February, with only 27,000 tonnes leaving the country out of 700,000 tonnes contracted for the month, farmers union UAC said on Tuesday. Ukraine is a major global wheat grower and exporter. “Not everything is OK with logistics. Ports cannot operate at full […]

Marsa Maroc, Morocco’s leading port operator, said on Tuesday it had signed a deal with Liberia’s ports authority to manage the port of Monrovia from the first half of 2026. Under the deal, which is part of Marsa Maroc’s African expansion plan, Marsa Maroc International Logistics (MMIL) will carry out rehabilitation works, deploy port equipment […]

CPC Blend crude for February loading is trading at its biggest discount to dated Brent since late 2022 as buyers hold back after months of export disruptions, including field outages, bad weather, and Ukrainian drone attacks, four traders said. Supplies via the Caspian Pipeline Consortium (CPC), the main export route for Kazakh oil, have faced […]

Offshore drilling company Transocean has struck a deal to acquire competitor Valaris for $6 billion in stock, giving Transocean shareholders a 53 percent stake in the combined company. The transaction creates the largest drilling company in the world, valued at $17 billion. It will operate 33 ultradeepwater drillships, nine semisubs and 31 jackups – 73 […]

The Government of the Republic of Vanuatu, a small island nation in the South Pacific, has become the third regional country in a month to warn of a false flag operation purporting to represent its registry. It is the latest move in the ongoing effort by small nations to stop the illegal representation of their […]

Ports face a dual challenge: modernizing aging infrastructure while managing environmental contamination from decades of industrial use. In a conversation, GHD’s Tony Hoffman, Railway Remediation Project Director, and Brian Moore, Manager of Contamination Assessment and Remediation, discussed practical approaches to environmental remediation that keep operations running. Q: What environmental issues do you typically encounter when […]

The Philippine Coast Guard has confirmed the recovery of the bodies of six victims of a maritime incident that occurred off the southern Philippine province of Basilan last month. The recoveries have raised the death toll of the sinking of the Ro-Pax ferry Trisha Kerstin 3 to 51. One victim was found on Monday, February […]

First Ship Lease Trust reported a net profit of $5.1 million for the second half of 2025, according to the trust-manager FSL Trust Management. This result follows the reversal of impairments totalling $3.7 million for the vessels Speciality, Seniorityand Superiority. For the full year ending December 31, 2025, the trust recorded a net profit of […]

A freight-only Ro-Ro vessel operated by Danish shipping company DFDS suffered an onboard fire while off the Isle of Wight in the UK on Monday, February 9. The UK-flagged Caesarea Trader was en route to Portsmouth after having earlier departed St Helier in Jersey when a blaze ignited in her engine room at around 15:45 […]