Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel “Norfolk”.The delivery to the buyer is scheduled for latest by February 25…
US seaborne exports to China of the goods which China has imposed tariffs on since the start of the trade war fell by 37.6% in the first 11 months of 2019 (11M 2019) compared to the same period of 2017, the last full year unaffected by the trade war…
A consortium of three companies has been awarded a contract for a $176 million project to build Egypt's first dry port, the first of eight ports the government plans to set up, the transportation minister said on Wednesday.The companies are…
DP World, one of the world's largest port operators, has suspended all staff travel to China until further notice due to the coronavirus outbreak there.Companies including Facebook, LG Electronics and Standard Chartered are among those restricting travel for employees to China…
The container logistics company A.P. Moller - Maersk has embarked on a journey that covers the end-to-end logistics of first-ever Sri Lankan made electric supercar Vega EVX that will be unveiled at the Geneva Motor Show 2020 later this year in March…
U.S. carrier Matson announced it promoted three executives to the company's senior leadership team, effective immediately.Branton 'Bal' Dreyfus, Vice President, Alaska, has been promoted to Senior Vice President, Alaska in recognition of Matson's growing scope of operations…
U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.Trump said Argentina, Australia…
Germany's largest port, the Port of Hamburg not expecting reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk.From April, the Ocean Alliance NEU 5 service handled by EUROGATE Container Terminal Hamburg – CTH is being transferred to Antwerp…
Port of Green Bay reports continued growth in 2019.The 2019 shipping totals were the highest since 2007 during a period that saw the highest tonnage in the past 30 years; 2006 saw 2.55 million tons shipped through the port. The common denominator during both periods of time is a robust economy…
The Baltic Exchange's main sea freight index fell to an over three year low on Friday, with the capesize segment marking its biggest weekly loss since March 1999.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Qatari sea port operator QTerminals has won a concession tender to develop and operate Ukraine's Black Sea port of Olvia, Ukrainian Prime Minister Oleksiy Honcharuk said on Friday.QTerminals, a joint venture between state-owned Qatar Ports Management…
Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The parties have agreed not to disclose financial details of the transaction…
Norwegian dry bulk operator Torvald Klaveness and Japanese trading house Marubeni have merged their panamax pool activities into a new jointly-owned pool management company called Maruklav Management.Maruklav, claimed to be the world's biggest panamax bulker pool…
The Baltic Exchange's main sea freight index fell to its lowest level since early April last year on Tuesday, weighed down by weaker demand for vessels across all segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Brasco, a part of the Brazil's provider of integrated port and maritime logistics and supply chain solutions Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex…