DP World and Egypt's General Authority for Investment and Free Zones (GAFI) have is planning to increase the capacity of Egypt’s Sokhna port located south of Suez Canal, off the Red Sea coast, Egypt’s official State Information Service reported…
Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters. Greece’s privatization agency (TAIPED) got three…
Greece's privatisation agency (HRADF) asked on Friday for improved financial bids from shortlisted investors seeking to buy a majority stake in its second-largest port.Athens got last month three offers for the sale of a 67 percent stake in Thessaloniki Port…
Tradepoint Atlantic, a 3,100-acre multimodal global logistics center in Baltimore, Maryland, that features an unmatched combination of access to deepwater berths, railroads, highways, and storage space today announced an exclusive, 10-year agreement…
Somalia's semi-autonomous Puntland region said on Thursday that Dubai's government-owned P&O Ports had won a 30-year concession worth $336 million to expand and manage its Bossaso port.'This investment is a huge undertaking in Puntland and…
South Carolina Ports Authority announced the retirement of Senior Vice President of Finance and Administration (SVP)/Chief Financial Officer (CFO), Peter Hughes, effective at the end of the 2017 fiscal year. Stan Van Ostran, former Vice…
APM Terminals Tacoma has received notification from Matson, Inc., its main customer, that Matson does not intend to renew its current terminal services agreement after its expiration on December 31, 2017. Accordingly, APM Terminals is evaluating…
The President of Mexico Enrique Peña Nieto, joined by the Prime Minister of Denmark Lars Løkke Rasmussen, inaugurated APM Terminals Lazaro Cardenas, Latin America’s most technologically-advanced container terminal, with the capacity to receive…
Glander International Bunkering has announced the hire of two new traders for their Mumbai office; Shaifali Gusain and Nildeep Dholakia. The hire is strategically aligned with the company’s continued efforts to cultivate trader talent across its offices worldwide…
DryShips Inc. has entered into agreements to acquire six vessels for a total gross price of $268 million. It has also entered into an agreement with Kalani Investments Limited. These vessels are comprised of one Aframax tanker built in 2012…
KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced its move to a new location in the City of London.The KPI Bridge Oil Group has strong maritime roots and has been a major stakeholder in the bunker industry for over 45 years…
The mining and commodities trading house run by billionaire Ivan Glasenberg, Glencore, has sold a 51 percent stake in its oil products storage business to China’s HNA Innovation Finance Group, the company said. The Transaction is subject…
Mitsui O.S.K. Lines has announced that it acquired 20.9% share in PKT Logistics Group (PKT), a leading Malaysian logistics company. PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics…
China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs.Freight shipping firms have been hit…
The Baltic Exchange's main sea freight index, which tracks rates for dry-bulk carriers, hit a more than two-year high on Wednesday as rates for panamax vessels rose.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels…