Owner and operator of LNG carriers GasLog has reported record earnings in the quarter ended September 30.

The company's revenues for Q3 rose from USD 131.2 million to USD 158.4 million and the profit rose from USD 24.2 million to USD 39.3 million.

The increase was manly due to higher LNG demand and rising LNG shipping spot rates within the Cool Pool. "The LNG shipping market tightened considerably in the third quarter, driving headline spot rates to multi-year highs and delivering a record result for our ships operating in the Cool Pool. This, together with the contribution of our three newbuild vessels delivered earlier in 2018, produced another set of record quarterly results for GasLog,” Paul Wogan, Chief Executive Officer, said.

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If you have already chosen a car you wish to buy, feel free to send the car's LOT# and the port of destination to our Shipping department on shipping@auctionexport.com to check the precise quote.

How the whole shipping process is arranged? Read by the link - https://www.auctionexport.com/en/Home/Shipping

Jacksonville Port extension.

The Jacksonville Port Authority recently welcomed the 10,070 TEU containership Tianjin, operated by ZIM Integrated Shipping Services (ZIM).

The boxship joined Blount Island Marine Terminal as part of ZIM’s new Asia to North America service.

The shipping line now offers direct service from Jacksonville to Shanghai and Ningbo in China,Busan, South Korea,Kingston, Jamaica; Xingang, Qingdao.

This is a monumental occasion for JAXPORT. Ocean carriers are not waiting for the deepening project to be complete, they are investing in Jacksonville now and Northeast Florida’s economy will benefit.

JAXPORT informed that the deepening of Jacksonville’s shipping channel to 47 feet to accommodate even more cargo aboard the largest ships calling the U.S. East Coast is well underway.

Kiel's Norwegenkai Terminal has started building the first onshore power supply plant for commercial vessels. The project is expected to be completed in 2019. Cruise ferries will be able to to get all the electrical power they need while berthed in Kiel. The Siemens-built onshore plant is part of the BLUE PORT concept, which will see more such facilities added to Kiel. Port Director Dirk Claus stated: “Upon completion of the Norwegenkai onshore power plant, the Schwedenkai Terminal and the Cruise Shipping Terminal Ostseekai will also be equipped with onshore power supply facilities by 2020. It is our intention to provide half of all ship calls in Kiel with onshore power in future. Doing so means that we are setting a new European standard.”

Khalifa Port Update

The second reconstruction phase started for Khalifa Port Container Terminal (KPCT). It was awarded with automated stacking crane system by UAE’s Abu Dhabi Terminals. This upgrade period involves a huge increase of the terminal area, infrastructure improvement, container handling capacity rise, resulting after delivery and construction of 54 Konecranes automated rail mounted gantry cranes. Let us remind, that previously Konecranes granted 52 such cranes during the first reconstruction phase. New cranes have 40 tons lifting capacity with width range from nine to eleven units. Equipped with automation controls and Konecranes’ Active Load Control  system, the new cranes will make the Khalifa port one of the most technologically advanced terminals.