Singapore-based Portek has interests in seven ports in Algeria, Gabon, Indonesia, Latvia, Malta and Vietnam, as well as providing port engineering, operation and maintenance services.

The latest deal continues an acquisition spree at A.P Moller Capital, which last month announced an agreement to acquire a majority stake in Euroports Group, and in August agreed to buy a majority stake in Globex Investments.

Portek’s terminals handle a mix of 700,000 containers, 7m tonnes of bulk cargo, and 90,000 vehicles each year, A.P. Moller Capital said. The company employs around 1,400 people.

As the new owner, A.P. Moller Capital said it intends to build on the company’s existing capabilities and support its next phase of development, including a focus on operational performance and emissions reduction planning.

The deal remains subject to closing conditions and regulatory approvals.

Portek became a Mitsui subsidiary in 2011 after the Japanese company outbid rival buyer ICTSI with a $180m takeover bid.Under Mitsui’s ownership, Portek has invested in modernising its terminal operations, including the implementation of a new terminal operating system at Riga Universal Terminal in March 2025. Its operations also face further infrastructure investment requirements, with Valletta Gateway Terminals pursuing shore-power development and equipment upgrades while approaching the final decade of its concession, and Gabon’s port authority has called for further investment under Portek’s Port-Gentil concession.

Semih Gökmen, partner at A.P. Moller Capital, said: “Portek is a strong fit with our investment strategy and active owner philosophy. It is an established business with a diversified portfolio of port operations serving important trade flows across three continents, supported by experienced local operating teams. Our domain expertise across ports and logistics gives us a strong foundation from which to work with the Portek team, build on the company’s existing capabilities and support its next phase of development.”

Kim Thagaard Pedersen, director at A.P. Moller Capital added: “Portek is a differentiated ports platform with established positions across its markets. We see significant potential to build on its existing capabilities and, working closely with the management and local operating teams, to support its continued

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The Californian port handled 997,177 teu in September eclipsing the previous monthly record of 987,191 teu in October 2024. The port credited the record volume number to an inclusion shippers’ cost-saving strategies against high diesel costs, Panama Canal access restrictions and a possible new US – China trade deal.

Imports fuelled September’s throughput at the Port of Long Beach with a 31.3% jump to 509,390 teu compared to the same month in 2025. The surge in imports see the ratio of import to export boxes exceeding 5:1 with the port handling 91,747 teu of exports.

The latest volume figures from the Port of Long Beach underscore that the early arriving peak season on the transpacific trade is also extending later into the year than usual.

“Shippers continue to lean on the Port of Long Beach as a reliable partner in their business strategies, leading to our historic month for cargo,” commented Port of Long Beach CEO Dr. Noel Hacegaba. “Every milestone brings us closer to achieving our long-term goal of doubling cargo volumes to 20 million teu annually by 2050 as we build the Port of the Future.”Year-to-date, the Port of Long Beach has moved 7.68 million teu through September, up 3.9% compared to the same period last year

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The competition is estimated to be worth around GBP 3.5 billion (approximately EUR 4 billion), making it the largest Offshore Transmission Owner (OFTO) tender round to date.

The competitive process will seek an owner for the project’s offshore transmission assets, which carry electricity generated by the wind farm to the onshore grid.

Hornsea 3’s offshore transmission system comprises two offshore converter stations, which were installed by September 2026, and offshore export cables, the first of which was laid and pulled ashore at the beginning of this year. The transmission infrastructure also includes onshore cables and a converter station in Norfolk, connecting the wind farm to the national grid.Located around 120 kilometres off the Norfolk coast, Hornsea 3 will comprise 197 Siemens Gamesa 14 MW turbines. Foundation installation began earlier this year, and inter-array cable installation is scheduled to start in October. The project is expected to enter operation in 2027.Ofgem’s previous tender round (Round 13) covered the transmission assets for East Anglia Three, Inch Cape and Dogger Bank C, with a combined estimated value of GBP 3.5 billion. With Round 14 for the Hornsea 3 assets estimated to be worth the same, this will be the largest OFTO competition to date, according to Ofgem.

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The East – West pipeline was struck on 11 September in an attack blamed on Iraqi militants and resumed operations last week. Shipping tracking companies are now reporting loadings at Yanbu on the Red Sea identified through satellite imagery.

TankerTrackers.com said in a post on X: “ESA satellite imagery captured over the Red Sea on 2026-09-27 shows Saudi Arabia loading nearly 10 million barrels of crude oil at Yanbu and Al Muajjiz. We also observed refined-product loadings. In total, we visually identified 40 tankers, regardless of their activity or proximity to these terminals.

The resumption of loadings will be good news for tanker owners and does not appear to have immediately impacted record high large tanker rates which has crossed the million dollars per level for transits of the Strait of Hormuz.

The 2026-built DHT Holdings VLCC DHT Gazelle was reported fixed to SK Energy for a Red Sea via Suez Canal voyage to South Korea at a rate of $55 million for 270,000 tonnes of crude according to Tankers International. The fixture equates to $634,000 per day.

Due to the Houthi threat to tankers calling Saudi ports VLCCs are avoiding the southern Red Sea and Bab el-Mandeb resulting in much longer transits and increased tonne miles via the Suez Canal, including partial unloading and reloading at the Sumed pipeline and then transiting to Asia via the Cape of Good Hope.The longer voyages act to further reduce capacity in the already tight VLCC market where around 15% is estimated to be Gulf of Oman waiting to ship-to-ship transfers from shuttles from the Arabian Gulf through the Strait of Hormuz

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The shipowners said cargo is the foundation of shipping, and predictable cargo contracts are what make vessel financing and acquisition possible.

The call was made by a former Nigeria Chapter President of the African Shipowners Association and Group Managing Director of Seamate Maritime Integrated Services Limited, Capt. Ladi Olubowale, at a Public-Private Dialogue with CEOs organised by the Nigerian Chamber of Shipping in Lagos recently.

The dialogue, themed ‘Unlocking efficiency in the marine and blue economy value chain’, brought together industry stakeholders, including Mr Edwin Devakumar, Group Vice President of Dangote Group (Oil and Gas), as guest CEO.Olubowale explained that Nigeria’s maritime strategy must move beyond debates about vessel ownership to “creating commercial conditions that make indigenous vessel acquisition bankable

Give credible Nigerian shipowners long-term Contracts of Affreightment, and those contracts become the commercial foundation upon which vessels can be financed, acquired and deployed,” Olubowale said.

Olubowale argued that shipping is capital-intensive and Nigerian owners cannot sustainably acquire large vessels without guaranteed cargo volumes and bankable employment contracts

He said Dangote, with its refinery, cement and fertiliser operations generating huge maritime cargo volumes, is well placed to catalyse local fleet growth by allocating portions of its cargo requirements to qualified indigenous operators under multi-year CoAs.

Such contracts, he noted, would enable Nigerian shipowners to approach banks, development finance institutions, export credit agencies and international financiers with identifiable cargo and predictable revenue.

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The two companies have entered into a memorandum of understanding (MOU) for GasEntec to license SHI’s SAMSUNG Enhanced Nitrogen Split Expansion (SENSE) liquefaction technology for small-scale applications between 50,000 and 1 million tons per annum. The MoU enables the duo to pursue the first commercial licensing of SENSE.

Brian Yoon, Chief Executive Officer of GasEntec, commented: “As global LNG capacity expands, liquefaction technology is entering a new cycle of innovation and diversification.

“Our partnership with SHI brings their proven liquefaction technology to the small-scale segment, backed by our expertise integrating modular LNG systems worldwide, for the first time. Customers will be able to access an integrated platform that enables flexible solutions spanning liquefaction through to downstream delivery.

”SHI developed its SENSE technology to achieve efficiencies in excess of standard natural gas liquefaction processes, featuring a gas expansion process that uses nitrogen and methane as single-component refrigerants, with the entire process operating in a gaseous state, thereby increasing stability and operational convenience.The MoU covers licensing SENSE for small-scale liquefaction, while Samsung Heavy Industries will continue to offer liquefaction technology for larger-volume applications, including floating LNG projects. The collaboration is extending GasEntec’s capabilities midstream into liquefaction.

Youngkyu Ahn, Executive Vice President and Chief Technology Officer of SHI, underlined: “Our award-winning SENSE natural gas liquefaction system is the result of nearly a decade of research and development, validated through more than 1,000 hours of demonstration testing.“We are pleased to partner with GasEntec to deliver small-scale applications of our technology, based on their proven ability to deploy innovative LNG technology at scale.”According to GasEntec, small-scale LNG is an active segment as producers and industrial users seek to monetize stranded gas without the capital intensity of large-scale liquefaction trains.

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INEOS, the day-to-day operator, and its partners reached the final investment decision (FID) in December 2024 to invest in the Greensand Future Project, the first commercial phase of the Greensand project. Then, in December 2025, the Danish Energy Agency issued its first-ever approval for a full-scale CO2 storage facility, clearing the Greensand Future project to store CO2.

His Majesty King Frederik X of Denmark today, September 18, officially opened the first full-scale facility for the permanent storage of CO2 in the EU, with the ceremony at the Port of Esbjerg, marking Greensand’s move into commercial operation.

Mads Gade, CEO of INEOS Energy Europe, said: “Greensand starts with biogenic CO2, but its significance reaches far beyond that first step. We are ready to expand capacity to receive CO2 from industries across Europe. Greensand is open for business, and a new European market for permanent CO2 storage can now begin to take shape.”

Greensand expects to store up to 400,000 tons of CO2 annually in this first commercial phase, scaling toward a potential of up to 4-8 million tons annually at full capacity.

INEOS will source CO2 primarily from Danish biomethane plants. Once captured, CO2 is liquefied, delivered by truck to a dedicated CO2 terminal at Port Esbjerg, shipped aboard Carbon Destroyer 1 – the EU’s first purpose-built CO2 carrier – and injected into the Nini West reservoir, a depleted oil field some 250 kilometers offshore, approximately 1,800 meters beneath the seabed.

“Today marks an important milestone for Europe. With the launch, here in Esbjerg, of the first fully operational site for offshore carbon storage in the European Union, we prove that carbon storage is a practical reality,” said European Commissioner for Energy and Housing Dan Jørgensen.

“We show that we can move from demonstration to deployment. We set out a path for European industries: to continue their transition to a low-carbon future, while maintaining production, investments, and employment in our continent. And we open a new front in the existential fight against climate change.”

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Exmar has been awarded AiP by Bureau Veritas Marine & Offshore for its FLNG conversion design, which is created to enable offshore gas processing, liquefaction and LNG storage based on a membrane-type LNG carrier with an effective LNG storage capacity of approximately 170,000 cubic meters (cbm) and a design life of 25 years.

David Barrow, SVP for Western Europe and Americas at Bureau Veritas Marine & Offshore, commented: “Floating liquefaction solutions already play an important role in unlocking offshore gas resources and supporting the development of energy projects in a flexible and cost-effective manner.

“We are pleased to grant approval in principle to Exmar’s FLNG conversion concept, which demonstrates how existing LNG carrier assets can be repurposed to support future offshore developments. This project highlights how collaboration across the industry can drive innovative and practical solutions that combine technical feasibility with project efficiency.”

The concept has been assessed against applicable Bureau Veritas requirements for offshore production gas units. The review focused on the hull structure and stability, the existing LNG cargo containment system, and the FLNG mooring arrangement.

The AiP demonstrates the potential viability of adapting existing membrane LNG carrier assets into floating liquefaction facilities, providing an alternative pathway to develop offshore gas resources while supporting efficient project execution and diversifying energy supply.

The FLNG is intended to unlock stranded gas resources, aiming at projects with low initial capital costs, a shorter timeline from final investment decision (FID) to production, and high efficiency requirements.

Leveraging the conversion of an existing LNG carrier rather than a newbuild vessel is said to allow the concept to offer a practical approach to reducing development schedules and capital investment while providing a flexible solution for offshore gas developments.

The AiP comes over a month after Exmar took delivery of an LNG carrier set to be upgraded to function as a floating transshipment unit (FTU) for the LNG bunkering market

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