Bharat Mumbai Container Terminals Pte Ltd (BMCT), a wholly owned subsidiary of PSA International Pte Ltd (PSA), exercised its option to purchase a further 18 Konecranes Noell Rubber Tired Gantry (RTG) cranes. This order follows upon an…
BigLift Shipping has decided to end its co-operation with Rolldock Shipping in the Joint Venture ”BigRoll Shipping” per January 1st 2018. From then on, the Heavy Transport vessels will be added to the BigLift fleet. BigLift Barentsz and…
Bahri Data, one of the six business units within Bahri, a leader in transportation and logistics, and DNV GL, a classification society and recognized advisor for the maritime industry, have signed a contract to co-develop and jointly leverage their Big Data capabilities for safety…
APM Terminals Tacoma concluded its operations on September 30, 2017, ahead of the December 31, 2017 lease expiration date, transferring the lease to Seattle-based SSA Marine who formed a new joint venture with Matson Lines, called SSAT, starting operations October 2…
Foss Maritime Company said it has contracted with the U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) to support the relief and rebuilding efforts in Puerto Rico and the U.S. Virgin Islands following Hurricane Irma and Hurricane Maria…
Pioneer Marine, a leading shipowner and global drybulk handysize transportation service provider enters into cooperation with BaltNav A/S, Copenhagen. The owner of 16 handy size bulk carriers commenced as of October 3rd, a cooperation with the Danish operator BaltNav…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$11…
Metal Shark won the contract to produce the U.S. Navy’s next-generation patrol boat, the PB(X), the replacement for the fleet of force protection boats currently in use with Navy Expeditionary Combad Command’s Coastal Riverine Forces (CRF). Subject to annual appropriations…
The Indian Minister of Shipping Nitin Gadkari will perform the Bhoomi Poojan (Ground breaking ceremony) the Wardha dry port at Sindi (Railway) in Wardha, Maharashtra on 2nd October, 2017. The Dry Port is being developed by the Jawaharlal…
Scorpio Tankers has agreed to sell and leaseback five 2012 built MR product tankers (STI Amber, STI Topaz, STI Ruby, STI Garnet, and STI Onyx) to Bank of Communications Financial Leasing (Bocomm Leasing). As of today, three of the five transactions have been completed…
Kalmar, part of Cargotec, has received the first order of Gloria reachstacker with K-Motion Technology from Kunming Tianfu Logistics Co. Ltd. in China. The order was booked into Cargotec's 2017 third quarter order intake with delivery scheduled on September 2017…
NORDEN has entered into a 10-year contract effective 2020-2029 for the transportation of 4-5 million metric tons of road salt to be loaded in Caleta Patillos 1,400 kilometers north of the Chilean capital Santiago and discharged primarily on…
CMA CGM, the world's third- largest container line, and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered to date.Representatives from CMA CGM, Hudong-Zhonghua Shipbuilding (Group)…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Unico Logistics, Seoul, for one of its Panamax dry bulk vessels…
Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club. Average contract rates on…