DP World, one of the world's largest port operators, said on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund.The purchase consideration is below 2.5 percent of DP World's net asset value as of December 31…
Donald Raffo, the Marine Chemist at General Dynamics-Electric Boat in Groton, CT, has been appointed to OSHA’s Maritime Advisory Committee on Occupational Health and Safety (MACOSH) by the U.S. Secretary of Labor. MACOSH advises OSHA on matters…
The Wilhelmsen group recorded a $29 million net profit after non-controlling interests for the first quarter of 2019. Increased share of profits from associates and net financial gains more than offset a reduction in adjusted EBITDA when compared with the previous quarter…
Mjølner Shipping Holdings LLC and MID-SHIP Capital LLC has announced the expansion of their joint venture with the launch of their second fund, Mjølner Product Solutions LLC.Mjølner Shipping Holdings LLC (“Mjølner”) and MID-SHIP Capital LLC…
Furuno USA has hired a new commercial business development manager. Based in Houston, Texas, Mr. George Toma will play a key role in establishing and developing business relationships with commercial ship owners, operators, and builders around the country to promote the Furuno product line…
Singapore-headquartered port operator PSA International is all set to take over the Halterm Container Terminal in the Port of Halifax, Canada, and multipurpose Penn Terminals in Pennsylvania, USA.Both Halterm and Penn terminals are 100% owned by Macquarie Infrastructure Partner funds…
The Northwest Indiana Partners for Clean Air (PCA) has selected the Port of Indiana-Burns Harbor to receive the 2019 PCA Industrial Award. This award is in recognition of the voluntary actions taken in 2018 to improve air quality in Northwest Indiana…
International dry bulk shipping company Clipper Group has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives…
Port of Amsterdam realised net profit of EUR 68.5 million in 2018, which represents a 12.5% increase compared to 2017 (net profit of EUR 60.9 million).Revenue rose slightly in 2018, rising 5 percent to EUR 157.4 million, primarily due to a record amount of land allocations totalling 45…
Building on its 125-year heritage, Norwegian shipowner Hurtigruten has become a leader in exploration travel offering voyages to more than 200 unique destinations in more than 30 countries ranging across the globe from the Arctic to the Antarctic and including cruises in Norway…
Tanker ship operator Uni-Tankers, part of the USTC group, has appointed Per Ekmann as its new CEO. “I’m both happy and proud to have the opportunity to lead the way forward at this important stage in the company’s history. Uni-Tankers is based on proud and strong values…
Former port of Le Havre managing director Hervé Martel has started work as interim managing director of the Marseille Fos port authority following his nomination by the French transport minister. His appointment is now due to be officially ratified by the leading French port’s supervisory board…
U.S. Vice President Mike Pence said on Friday that President Donald Trump would 'stand firm' on his demands for structural changes to China's trade practices, and removal of U.S. tariffs on Chinese goods would be a part of a mechanism to enforce any deal with Beijing…
A fleet of specially-designed, durable and productive Konecranes Gottwald Mobile Harbor Cranes is enhancing supply chain efficiency for Winning International Group.The cranes play a critical role in Winning International Group’s supply chain…
GAC UK has opened two new branches, in Harwich and Ramsgate, to meet the increased demand in oil, gas and renewables work in the South of England.Both locations are actively servicing projects within their areas, and their addition to the GAC…