TOP Ships, an international owner and operator of modern announced that, effective immediately, it is terminating the equity distribution agreement with Maxim Group LLC providing for the “at-the-market” equity offering program (ATM Offering)…
DP World Limited handled 35.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2018, with gross container volumes growing by 4.8% year-on-year on a reported basis and 6.0% on a likefor-like1 basis…
The second quarterly report from the ICC International Maritime Bureau (IMB) shows that all 2018 crew kidnappings have so far occurred in the Gulf of Guinea in six separate incidents.A total of 107 incidents were reported to the IMB Piracy Reporting Centre (PRC) in the first six months of 2018…
Recently, team AkzoNobel completed its first Volvo Ocean Race, concluding the final leg in second place and finishing fourth overall. The team finished on the podium on six of the eleven legs.During the race, the team was supported by two Damen Workshop Containers…
The Board of Directors of Canadian National Railway Company (CN) announced the appointment of Jean-Jacques Ruest as President and Chief Executive Officer of CN effective immediately. Ruest has also been appointed to CN’s Board of Directors.“In JJ…
Diana Shipping announced that on July 23, 2018, it received the full and final repayment of the loan to Diana Containerships Inc.Simeon Palios, Director, Chief Executive Officer and Chairman of the Board of the global shipping company specializing in the ownership of dry bulk vessels…
Diana Containerships has completed the previously announced sale of one of its Post-Panamax container vessels, the m/v Hamburg, with the delivery of the vessel to her new owners.The global shipping company specializing in the ownership of containerships…
ABB will acquire Intrion, a privately owned company headquartered in Huizingen, close to Brussels, with approximately 120 employees and over a decade of experience in logistics automation solutions and services for the warehouse and distribution…
The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector.The summer of 2018…
APM Terminals Pipavav recently hosted a trade meet for Custom House Agents (CHAs) and service providers at the Port and at Diu, Gujarat.The event was attended by members from Ahmedabad Customs House Agents Association (ACHAA), Pipavav Customs Brokers Association (PCBA)…
India´s containerized trade with the BRICS´ nations trademarks a rise of 14 percent. Export trade from India to Brazil, China, Russia and South Africa in Q1 2018 increased 7,5 percent YOY from same period last year. South Africa turned to be Indian´s top trade partner…
Brazil could compete better in global agriculture markets if it increased infrastructure investment and diversified its transport network, an executive at COFCO International, the Chinese commodities trader, said on Monday.Eduardo Gradiz Filho…
Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No. 2 economy will strive for 100 percent compliance when the global sulphur emissions cap starts in 2020, consultants Wood Mackenzie said on Tuesday…
A gas explosion has taken place at the Volzhsky Ship Repair Yard in Russia’s Volgograd Region, Tass reported quoting a source in the regional head office of the Russian Emergencies Ministry.The report said quoting unnamed sources said at least…
Seoul-listed South Korean shipbuilder Samsung Heavy Industries (SHI) sunk into the red in the second quarter, on increased costs and one-off losses.SHI said in a regulatory filing that it posted a net loss of 142.7 billion won ($126 million) in the second quarter…