Port operator DP World Plc will buy Topaz Energy and Marine Limited for $1 billion from Standard Chartered and Renaissance Services, DP World said on Monday.Topaz is a provider of marine logistics to the global energy industry. The deal is the…
The Piraeus-based shipping company Okeanis Eco Tankers Corp announced that it has secured commitment to a $11 million secured loan facility for its scrubber retrofit project from BNP Paribas.The tankers company, owned by the Alafouzos family…
The International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new UN International Maritime Organization (IMO) regulations, with just six months to go until the implementation of the ‘Global Sulphur Cap’ICS…
Florida International Terminal (FIT) has successfully deployed the eModal Community Portal (eCP) PreGate appointment module to improve turn times and customer service.The port operator of a 41 acre marine terminal in the Southport area of Port…
The Massachusetts Port Authority (Massport) picked its port director, Lisa Wieland, to be its next Chief Executive Officer(CEO), bypassing the other finalist, a member of the city's power elite, for one of the most influential public-sector jobs in the state…
The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) formulated MOL Group Environmental Vision 2030 to present our cutting-edge initiatives for environmental preservation.'Shpping companies are responsible for undertaking the marine transportation…
APM Terminals Medport Tangier container terminal has officially opened its doors in Morocco.Part of the Tanger Med Port complex, it has an annual capacity of 5 million TEUs (twenty-foot equivalents).'With this new capacity, Morocco is establishing…
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced its plan to issue “Sustainability Bonds” for the financing of a series of green projects.This is the first time a company in Japan has issued sustainability bonds aimed at individual investors…
A $513.6 million operating budget for fiscal year 2020 has been approved at the Port of Oakland. The Port’s governing Board OK'd the spending plan at a meeting yesterday.The new budget is up about 4 percent from the one adopted for fiscal year 2019…
Crowley Logistics has promoted two of its veteran leaders, Sal Menoyo and Patrick Collins, to continue advancing the efficiency and growth of its integrated supply chain services in the U.S., Puerto Rico and Caribbean islands.Menoyo has been named vice president…
More than 135 shipping lines at the Port of Long Beach recently were lauded for voluntarily participating in the Port’s Green Flag Incentive Program, which offers financial incentives for cargo vessels to slow down near the port to reduce air pollution…
For the first time in its nearly 50-year history, Port of Indiana-Burns Harbor welcomed general cargo vessel HC Melina carrying a unique shipment of two, large rubber-tire gantry (RTG) cranes destined for the CSX Intermodal Terminals’ facility in Chicago…
Kent-based Saga sails into its future, as the first of two new boutique cruise ships, Spirit of Discovery, arrived at her home port of Dover for the first time. Sailing past the iconic White Cliffs and into Dover’s recently developed Western Docks…
Four winning school classes attended the prizegiving of the ‘design your ship for the future’ competition at MARIN (Netherlands Maritime Research Institute). The winning ship, with the shape of a sailfish, a retractable sail, a frictionless…
