Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed.DP World, majority owned by the Dubai government…
Twenty newly built container vessels in the size ranging from feeder segment 2,300 TEU to 15,100 TEU have been selected to be equipped with MACS3.Oakland, CA and Flensburg, Germany—July 2nd, 2019—Navis, the leading provider of maritime software…
Royal Caribbean Cruises and Meyer Turku shipyard have signed an agreement (*) on the delivery of a third Icon class cruise ship, to be delivered from Turku in the spring of 2025. The previous Icon ships are to be delivered in 2022 and 2024.…
2019 brings new missions, strategies and new optimism for this three-port Northeast gateway.The Connecticut Port Authority began operations in 2016. The quasi-public agency’s mission is to grow Connecticut’s economy and create jobs by strategically…
The board of directors (the “Board”) of the Company announced that on 30 June 2019, COSCO Ports (Tianjin) Limited (“CP Tianjin”)and China Shipping Terminal Development Co., Ltd. (“CSTD”), both being wholly-owned subsidiaries of the Company,…
New fireboat will provide enhanced firefighting and rescue capabilities for maritime and commercial space. The Canaveral Port Authority will receive $1.5 million in funding from the State of Florida to support the acquisition of a specialized…
Valmet will supply exhaust gas cleaning systems (scrubber system) for ten container vessels of COSCO Shipping Lines Co., Ltd. The scrubber systems will be installed in existing vessels in China in 2019.The project is executed in co-operation with Health Lead Development Ltd…
In Port and at Sea: NAVSUP Fleet Logistics Center Yokosuka Supports Navy Ships and Crews. Understanding how that happens can benefit commercial stakeholders, as well.As the post-Cold War Navy once again faces near-peer competitors at sea, it…
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…
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…
Singapore's Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a statement on Thursday.The MPA suspended the license, which allows Inter-Pacific to operate tankers used to load marine fuel…
Risk appetite returned to world markets on Thursday following a media report the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders in Tokyo.The South China Morning Post (SCMP)…
The United States 'is not looking for victory' with China over trade but wants 'a sensible deal that addresses the legitimate issues that we have,' U.S. Commerce Secretary Wilbur Ross said on Wednesday.'There are some inappropriate activities underway by the Chinese…
Senior Chinese and U.S. trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and U.S. President Donald Trump set for later this week, as the world's two largest economies remain locked in a tariff war…
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.The tougher regulations, set by the United Nations shipping agency…