​Cotonou Port Under Belgium Management

​Early January of 2018 is to bring us a new international agreement in regards of ports development. Port of Antwerp International (PAI) and The Port of Cotonou will become partners with the same goal to modernize Benin seaport, which handles around 12 million tons annually and wants to become even more. The This agreement was approved by the Council of Ministers of the West African country of Benin and according to the plan Antwerp port will not only take the management, but also will invest and handle some key functions. That will develop Cotonou as a strategically important gateway to the countries of Burkina Faso, Niger and Mali.

Diana Shipping Signs Extensions

Greek dry bulk company Diana Shipping has extended 2 charters for its ships.

The extensions will see the vessels Erato and Danae continue their operation with Swiss-based Phaethon International Company AG at a daily rate of USD 10,500 (14-17 months) and 10,000 (13-16 months), respectively.

The shipper has also secured a contract for the New York, which will be employed by DHL Project & Chartering Limited of Hong Kong for USD 16,000 per day over a 16-19 month period.

According to Diana Shipping, the charters should bring in USD 15.99 million of gross revenue during their scheduled time frame.

Auction Export wishes you Happy Holidays

Dear Clients, our office will be closed on Monday December 25th, 2017 due to Christmas Holidays. ‪‎ We want to thank you for an amazing year and wish you happy holidays!

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New LNG carrier was named at Kawasaki shipyard

New liquefied natural gas (LNG) carrier was named today at Sakaide shipyard of Japanese Kawasaki Heavy Industries. LNG Sakura is the first vessel jointly owned by KEPCO (70 percent of stake) and NYK (30 percent). According to a 20-year charter agreement LNG  will be transported in North America and various other locations, sourced from shale gas fields. As per NYK, the Bahamas-flagged vessel will be the largest in the industry, having the 300 meter-long and dual-fuel diesel electric engine that improves fuel consumption.

​The Next in Queue for Terminals Expansion - ​Gävle, Sweden

​Local port authorities have launched a project to double the container terminal's capacity by the end of 2019​. The goal is to rise the volume of annual cargo to 600 000 TEUs, to add 1 more deck with cranes and all necessary accommodations and to deepen the berth so it could operate 4 mega-containerships at the same time. 

Gävle container terminal was incepted 10 years ago and since that time cargo turnover has been constantly rising, which served fir the final decision to invest into expansion, as Gothenburg stays mainly RORO terminal. As of the moment the project was financed with USD 85 millions.