Bankrupt South Korean shipping company Hanjin will sell its operations of the Port of Seattle’s Terminal 46 to Switzerland-based Mediterranean Shipping COmpany (MSC) subsidiary Terminal Investment Limited (TIL), reports AP. The Seattle Times…
Italian shipbuilding and construction group Fincantieri SpA is the only bidder for shipping group STX France, a source close to the matter said on Tuesday. The sale of STX France, which specialises in building cruise ships in the western France city of Saint-Nazaire and is profitable…
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity…
Hoover Ferguson Group (Hoover Ferguson), the global leader in container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding AS’s (Uniteam’s) offshore container rental business…
South Korean ocean carrier Hanjin Shipping Co. signed a deal to sell its stake in the U.S. port operator that runs Long Beach, Calif.’s, biggest container terminal to Mediterranean Shipping Co. (MSC), reports WSJ. Hanjin, which for bankruptcy protection in August…
OPDR Iberia’s Leixões branch is going to expand its team and move into the office of its partner MacAndrews in Leixões in the northwest of Porto. The two CMA CGM subsidiaries will continue to act independently of each other, however, profit from the synergies of the close proximity…
APM Terminals has entered into an agreement to divest Pentalver, the UK-based provider of container transport (trucking & haulage) and other container related services, to Genesee & Wyoming Inc. (G&W) – a United States-based, global operator…
NASCENT Technology, LLC,a provider of gate automation and related technologies, announced that it has acquired Smart Track Logistics, a Jacksonville, FL - based provider of cloud-based solutions for supply chain management, freight planning…
DP World has opened the first smart logistics centre in Lurin, Peru connected through optical fibres to its terminal at Callao Port, near the capital Lima. The centre will deliver information to the port and customs enabling customers to…
Following the sale of Hamburg Süd to Maerskfor $4 billion, VesslesValue senior analyst William Bennett has compiled a report on the top consolidated container fleets. Currently these top five fleets are worth $33.4 billion and account for 33 percent of the entire container fleet…
Lloyd’s Register (LR), a global engineering, technical and business services organization has added to its portfolio of advanced data, digital and software solutions with the acquisition of Seasafe Marine Software & Computation (Seasafe).An unexpected incident…
Advent International has agreed to acquire a majority ownership interest in marine and offshore vessel management and support services provider V.Group Ltd. from OMERS Private Equity (OPE). V.Group’s management team will retain a minority stake in the company…
GAC Dubai has broken ground on the site of its newest contract logistics facility that will bring its total capacity to more than 200,000 pallet positions serving customers active in the local and regional markets.Construction of the three…
Continuing its longtime commitment to eco-friendly practices, Crowley’s Puerto Rico liner services group has joined the SmartWay Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency (EPA) and industry…
Japanese technology group Yaskawa announced that it will intensify its presence in Europe, with the aim of becoming one of the two leading manufacturers of industrial robots in strategic target markets in the medium term. This investment plan…