The Chamber of Marine Commerce will assume the assets, liabilities and staff of the Canadian Shipowners Association (CSA) following a new merger agreement that aims to create a united voice for commercial shipping in Canada and the United States…
Port, towage and logistics services company SAAM said it has signed through its subsidiary SAAM Puertos an agreement to acquire from the company Sociedad Portuaria Regional de Buenaventura (SPBRUN), the control of the two concessions at Puerto Caldera…
The new head office of KOTUG SMIT TOWAGE was opened September 23 in Rotterdam by mayor Ahmed Aboutaleb. KOTUG SMIT TOWAGE was founded on April 7, 2016 following the merger of the European harbor towage services of KOTUG and SMIT. After the start…
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to…
Industry Innovators Combine to lead US Towing Vessel Compliance. Lloyd’s Register North America, Inc. has formally announced to the United States Coast Guard its intention to assume Subchapter M Third Party Organization duties effective immediately…
Sparkman & Stephens (S&S), the naval architecture and brokerage firm founded by Olin Stephens and Drake Sparkman in 1929, announced that it was acquired by a group of private investors led by Brooke S. Parish and John B. Reuter.The transaction…
Indian Register of Shipping (IRClass) has set up a new regional office in Hong Kong to serve the dynamic East Asia region.The move to establish a new regional office in Hong Kong represents another significant step for IRClass in its efforts to become a global classification society…
After successfully acquiring a controlling interest in NOL, CMA CGM has consolidated the Singapore-based company since 14 June, says a press release from the company. Singapore’s Neptune Orient Lines (NOL) is the parent company of container carrier APL…
U.S. Navy, Maritime Administration and California Environmental Protection Agency representatives joined City and Port officials today to commemorate the approval to transfer ownership of 125 acres of the former Naval Complex to the City of Long Beach…
Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump. Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co…
Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University to conduct a joint study on the analysis and use of big data related to ocean shipping…
Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA, Brazil's second-busiest container port, according to two people with direct knowledge of the plans…
Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway. The ECL acquisition aims to strengthen Samskip’s position in the…
Global trade enabler DP World has signed a Memorandum of Understanding (MoU) with US-based Hyperloop One to explore the role of innovation in the future of world trade. The collaboration is for feasibility studies that analyse the value of using Hyperloop systems in the UAE…
Palfinger Marine GmbH has decided not to complete the planned acquisition of TTS Group. One of the closing conditions of the acquisition was that Palfinger Marine GmbH had to get acceptances for at least 90 per cent of the TTS shares on a fully diluted basis…