A.P. Moller-Maersk said on Tuesday it had abandoned a planned ship pooling network after China's Ministry of Commerce surprisingly announced it had not approved it. Maersk shares were down 6.2 percent at 1100 GMT compared with a 0.7 percent fall in the Danish benchmark index…
The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in ChinaToday, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network.On March 24…
Leading ship supplier The Hutton’s Group has strengthened its Aberdeen logistics team with the appointment of a new Branch Manager. Kirstene Wilson starts work today at the firm’s Sinclair Road depot, having completed a week’s induction training at Hutton’s head office in Hull…
DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources.The issue is a rare…
NewLead Holdings Ltd. (NASDAQ: NEWL) said that on June 3, 2014, NewLead received a Temporary Restraining Order against Ironridge Global IV, Ltd enjoining the issuance of further common shares of NewLead pursuant to its Series A Preference Shares…
A strike by port workers at Rosario, Argentina's biggest agricultural export hub, has been suspended, thanks to a government attempt to resolve a disagreement over wage hikes, a local business group said.The protest, which was holding up…
A consortium made up of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi…
MOL Liner Ltd. has announced that Richard “Dick” Craig has been promoted to President and CEO of MOL (America) Inc. effective June 24, 2014. He has 34 years of experience in the container shipping industry including over 11 years with MOL.MOL Liner Ltd…
Domestic Maritime Industry Worth More than $9.6 Billion to Florida Economy.Florida ranks second among all states in domestic maritime jobs, according to a new study by PricewaterhouseCoopers (PwC) for the Transportation Institute and released by the American Maritime Partnership (AMP)…
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities…
Global Container Terminals (GCT) has announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June, 2014. Devine’s retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations…
Maher Terminals LLC, a multiuser container terminal operator in North America, announced the appointment of Frank Capo as Senior Vice President-Commercial. Capo's overall responsibility for Maher will be to drive and formulate Maher's commercial and customer service strategy…
The American Welding Society (AWS), a nonprofit organization dedicated to advancing the science of welding, has announced the opening of AWS Asia. Based in Hong Kong, China, with a second office in Beijing, AWS Asia will help serve AWS’s growing Asian market…
UTi Worldwide Inc. has announced that Jeff Hammond was appointed Senior Vice President, Global Sales. He joined UTi in 2010 as Global Vice President, Customs Brokerage and Compliance, a newly created position which was part of the organization’s…
Mayor Eric Garcetti has nominated Gene Seroka, an executive with APL shipping line, as the next Executive Director of the Port of Los Angeles.The Board of Harbor Commissioners will consider Mayor Garcetti's nomination at its June 5th meeting…