Dubai state-owned port operator DP World launched on Thursday a $101 million project to expand a port in the breakaway region of Somaliland.Somaliland broke away from Somalia in 1991 and has acted as a de-facto independent state since then but is not internationally recognized…
Two hydrocracking reactors made by ATB Riva Calzoni have sailed on board the BigLift company’s Happy Star ship, with their destination the first private Nigerian refinery owned by Dangote Refining Ltd.The high-pressure units were made both at Roncadelle…
Transport company Ceva Logistics on Thursday said it had rejected an unsolicited takeover attempt, saying the 1.53 billion Swiss franc ($1.55 billion) offer undervalued the recently floated company.An unnamed suitor offered 27.75 francs per share for Ceva in cash…
French shipping company CMA CGM has no plans to launch a full takeover for Ceva Logistics after the Swiss transport company on Thursday said it had rejected a $1.5 billion takeover offer from a third party.CMA CGM, Ceva's biggest shareholder with a 25 percent stake…
Russia will inspect grain loading at ports due to complaints from major buyers about falling crop standards, the head of agriculture safety watchdog Rosselkhoznadzor was quoted as saying by the RIA news agency on Thursday.The agriculture safety…
Vietnam might halt imports of wheat cargoes containing cirsium arvense, or thistle seed, while suggesting local importers should seek supplies from Kazakhstan, Australia and Argentina, local media reported on Thursday.Wheat importer Vietnam…
Vietnam National Shipping Lines (Vinalines), the state-owned marine transporter, won approval recently to build two large container terminals at Lach Huyen Port in northern Hai Phong City in a 7 trillion dong ($302 million) project.According to Nguyen Canh Tinh…
Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s…
Liebherr Container Cranes have secured an order for the supply of 10 electric rubber tyre gantry cranes to Montreal Gateway Terminal Partnerships. The cranes will be delivered to both the Cast and Racine Terminals in 2019.Liebherr supplied its first crane to Cast Terminal…
A record-breaking peak season continues at the Port of Oakland. The Port said that last month was the busiest September for import cargo in its 91-year history. That followed another all-time record in August.The port said it has handled the equivalent of 168…
As the Emirates Maritime Center (EMAC) is establishing roots within the maritime industry as a pivotal service provider for specialized arbitration and mediation within the Middle East region, the institute continues its obligation to ensure…
Excessive rains across the central United States over the past week have slowed the harvest of corn and soybeans, while rising water levels closed at least three locks on the Upper Mississippi River, a key artery for shipping Midwest grain to U…
The Port of Long Beach closed out the 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months, the most ever, representing a 10.7 percent increase over fiscal year 2017. The port's fiscal year is October 1 to September 30…
Shipments of iron ore from U.S. ports on the Great Lakes totaled 5.9 million tons in September, a decrease of 5 percent compared to a year ago, the Lake Carriers’ Association reported.However, shipments did outpace the month’s five-year average by 4…
The latest stage of a GBP 50 million (USD 65.44 mln) expansion of automotive trade at the ABP-owned Port of Southampton has begun, said a press release from the port.Work on the latest GBP 15 million multi-deck storage facility in the Eastern Dock will take 9 months and will create 3…