India's largest major port, Kandla Port Trust (KPT) invites global bids for setting up a container terminal at nearby Tuna -Tekra.The port authority has invited expression of interests (EOIs) from global majors for setting up the container terminal on build…
The Canadian St. Lawrence Seaway Management Corporation (SLSMC) increase tolls 3% for 2013 season.There are no tolls charged for transiting the U.S. section of the Seaway's lock system which is operated by the U.S. Saint Lawrence Seaway Development Corporation…
Great Lakes Dredge & Dock Corp reporte financial results for the final quarter and year ended December 31, 2012.Revenue increases in the quarter included: ◦ 123% increase in domestic capital dredging revenue driven by deepening work…
Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management.The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…
The province's $260-million loan to Irving Shipbuilding will be 'forgivable' if the shipyard & its direct sub-contractors create 4,000 jobs in Nova Scotia, The government's assistance package, revealed in March 2012, includes the forgivable…
BP requests a judge to temporarily halt claims paid out as business economic losses, claiming that many were fictitious & absurd. In a filing in federal court in New Orleans, BP stated it could be irreparably harmed because the payouts could…
Bunker Holding is pleased to announce that as from 1 January 2013 Linda Goh has been appointed as Regional Credit Manager - Asia. Linda has more than 14 years of experience in credit management and analysis in the Asian and global markets…
Royal Boskalis Westminster N.V. (Boskalis) publishes theirl financial report for 2012.Highlights of 2012· Record revenue of EUR 3.1 billion· Record order book of EUR 4.1 billion· Net profit of EUR 250 million·…
China Cosco plans to sell Cosco Logistics to state-backed parent company China Ocean Shipping. The unit may be valued at about seven billion yuan, and the company is also considering selling other assests to China Ocean to raise as much as an additional 20-billion yuan…
Odyssey Marine Exploration reports financial results for the fourth quarter and year ended December 31, 2012.Fourth Quarter 2012 Financial and Operational Highlights Total revenue in the fourth quarter was $7.9 million as compared to $0…
A new economic impact study released by the North West & Canada Cruise Association (NWCCA) shows $2.38-billion generated.“We are very pleased to see growth in both overall economic impact and per passenger spending,” says Greg Wirtz, President of the NWCCA…
Greece-based Box Ships Inc. intends to offer $25,000,000 of its common shares in an underwritten public offering. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, which may include the repayment of debt and the acquisition of vessels…
A.P. Moller-Maersk expects container ship capacity to grow 11% this year, outpacing demand, forcing owners to take corrective measures.The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth…
Maersk Line, will stop using the Panama Canal to transport goods from Asia to the U.S. East Coast as bigger ships make Suez more profitable.Maersk Line will send through Suez Canal a vessel that can carry as many as 9,000 20-foot boxes at a time…
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs…