GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owners…
The Bureau of Ocean Energy Management (BOEM) has signed an agreement with the City of Jacksonville, Fla., and the U.S. Army Corps of Engineers authorizing them to dredge nearly 1.4 million cubic yards of sand from federal waters for periodic renourishment of the Duval County shoreline…
The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common stock, payable May 20, 2016, to stockholders of record at the close of business on April 25…
The recommended International Labour Organization (ILO) Minimum Wage for Able Seafarers will remain at its current level of US$ 614 basic pay per month until at least 2018. This follows an ILO Joint Maritime Commission (JMC) meeting held in Geneva last week…
Croatia could complete its 2 billion cubic metre per year floating LNG facility in 2018, Economy Minister Tomislav Panenic said. In an interview with Reuters Tomislav said that Croatia intends to complete the construction of a floating LNG terminal in the northern Adriatic by 2018…
City leaders in Juneau, Alaska, have misspent millions in fees from cruise ship passengers to build an artificial island with a life-sized statue of a humpback whale, a passenger vessel association said in a lawsuit. The Cruise Lines International…
Terex Port Solutions (TPS) has acquired the assets of the terminal tractor product line from CVS Ferrari S.R.L. (CVS), which has been part of Manitex International, Inc. since 2010. The acquisition strengthens TPS’ position as a leader in integrated solutions for ports and terminals…
In a period of cost constraint and increasingly complex oil & gas production, finding solutions that increase efficiency and production has never been more important. To address the industry’s need for smart solutions that reduce complexity…
The Board of Commissioners of the Port of New Orleans joined a host of elected officials and industry partners today to dedicate the Port’s new $25 million Mississippi River Intermodal Terminal. The terminal, made possible by a $16.7 million federal transportation TIGER grant…
Maritime services provider Navig8 Group has agreed to buy shallow-water contractor RK Offshore Management. Singapore-headquartered Navig8 Group, the world's largest provider of maritime services, announced that it has entered into agreements…
According to WSJ report, deals involving Cosco, China Shipping, CMA CGM and Neptune Orient Lines to bring major changes in global shipping alliances. China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line…
National Response Corporation (“NRC”) announced today it has acquired ENPRO Services, Inc., adding to its national footprint and expanding its full line of environmental, emergency response, and industrial services.Since 1983, ENPRO has been providing essential environmental…
India is planning to establish a port in Bangladesh, says the Minister for Shipping, Nitin Gadkari. A high-level committee will be sent to the neighbouring country in this regard. 'A shipping ministry delegation led by a joint secretary…
India is set to double its ports capacity to 3000 million tonnes (MT) by 2025, the Shipping Minister Nitin Gadkari said. The capacity of ports stood at 1,500 MT in 2015. He also said that an investment of Rs 60,000 crore will be made in the port sector by May 26 this year…
The recommended International Labor Organization (ILO) Minimum Wage for Able Seafarers will remain at its current level of $ 614 basic pay per month until at least 2018.This follows an ILO Joint Maritime Commission (JMC) meeting held in Geneva last week…