Hong Kong-based container shipping and logistics service company Orient Overseas Container Line said that its revenue in 2018 increased by 9.9% to USD 5.96 billion for all services, compared to USD 5.42 billion reported in the previous year…
To better serve its diverse customer base, Crowley Logistics has invested almost $30 million in new cargo carrying equipment over the last year.The latest arrivals under this acquisition include 1,500, 45-foot (102-inch wide) dry container units…
Liberia is the second largest ship registry in the world, according to leading shipping analyst Clarksons in its Clarksons World Fleet Monitor January 2019. This report confirms that, in gross tonnage terms, Liberia has overtaken and outgrown the Marshall Islands…
The CMA CGM Group has announced the appointment of Christine Cabau Woehrel to the position of Executive Vice President in charge of assets. From March 15th, her main responsibilities will include managing the Group’s industrial assets such as its fleet of vessels…
The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units (TEUs), up 12.3 percent compared to one year ago.The deep-draft multipurpose port at the center…
London Offshore Consultants (LOC) Group announced the appointment of Nikos Benetis as Group Director of Hull & Machinery and Due Diligence Services.Nikos has been with LOC since 2017, previously in the role of Director of Financial Institution Advisory Services…
With a 6th year record, growth in all cargotypes and a recent wave of investments, 2018 will be a 'grand cru' year for the Port of Antwerp, said an update of the annual figures by the company.According to the final annual figures for 2018, with a growth of 5…
The Port of New Orleans (Port NOLA) moved more containers in 2018 than at any time in its history, totaling 591,253 twenty-foot equivalent units (TEUs), up 12.3 percent compared to one year ago. The record marks the fifth year in a row Port…
The global XSI fell 1.6% in Jan-19 to 106.58 points, continuing the downward trend recorded since Aug-18. During this six-month period, the index has lost 5.3% of its value, having shed 5.92 points and now stands at a similar level to that recorded in May-17…
Adventure, good pay and excellent career prospects. From engineering in the Merchant Navy to ships navigation in the Superyacht industry, find out what a career in the maritime industry has to offer at Solent University on February 2, 2019.Teaching…
The Duluth Seaway Port Authority has announced that Grand Rapids native Jayson Hron has been named Director of Communications and Marketing. He returns to Minnesota to join the leadership team effective February 1, 2019.Hron (pronounced ‘RŌHN’)…
Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei, Vice Chairman and Managing Director of Cosco Shipping Ports and José Picasso…
Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of $26…
A $67 million waterfront expansion concluded at the Port of Oakland this month, as TraPac marine terminal opened its newest vessel berth to arriving container ships.The milestone signals completion of a 2-year project at Oakland’s second-largest…
Modern American Recycling Services, Inc. (M.A.R.S.),a leader in the scrap recycling industry, completed a transaction acquiring World Marine, LLC on January 22, 2019. The acquisition includes World Marine’s Alabama facility in Mobile, boasting over 4…