Cargo volume continued to rise at the Port of Long Beach in November, setting the stage for a second consecutive calendar year record.The Port handled 621,835 TEUs of container cargo during the month, a 1.5 percent increase compared to November 2017…
Campbell Transportation Company, Inc. said that Kyle Buese will be joining the company as Executive Vice President of Operations effective January 7, 2019.Buese is a graduate of Tulane University where he received his Master of Business Administration…
Norway's bulk ship operator and management company Belships ASA announced that its chief executive officer (CEO) Ulrich Müller has resigned.The board of directors of the Norwegian bulker owner stated in a press release that they will initiate…
Maersk Broker Bulk Chartering has bought a stake in a US-based dry bulk broker NAODAN Chartering and become a major shareholder.The dry cargo brokerage of NAODAN Chartering will continue to focus on the well-established and successful business out of the West Coast of the USA…
Malaysian oil and gas company Petronas plans to introduce liquefied natural gas (LNG) bunkering operations at the country from the second half of 2019.“As a major player in the LNG business, PETRONAS is well-positioned to support the strategic…
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui…
The operationalizing of three investment projects will begin in Shahid Beheshti port of Chabahar this week, said a communication from the Iran government.Behrooz Aghaee, Director General of Ports and Maritime Affairs of Sistan and Baluchestan Province…
Shahid Ali has been appointed as the new Chief Executive Office of Maldives Ports Limited.Maldives Ports Limited annouced the appointment through a twitter message which read: 'On behalf of all the staff and management of Maldives Ports Ltd…
U.S. Transportation Secretary Elaine L. Chao announced 14 grants, which go to port-related projects, are made through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Grants program.Port-related projects will receive a total of $229…
NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments…
On October 16, 2018, after 38 years in the dredging industry, David Miller, SVP/COO and part owner of DSC Dredge, LLC announced his retirement. Miller embarked on his career in the early 1980’s when he began working for Kenner Marine & Machinery (KMM)…
Liebherr Maritime Cranes already delivered two Liebherr mobile harbor cranes LHM 800 in container configuration to Montecon in Uruguay. End of November Liebherr received an order from Montecon for the third LHM 800 that will start operation in Montevideo…
Hansa Heavy Lift GmbH has filed an application with the Hamburg District Court for the opening of insolvency proceedings. The court has appointed the experienced Hamburg restructuring expert, lawyer and tax consultant Dr. Christoph Morgen as preliminary insolvency administrator…
As the ongoing trade war between the US and China continues to send tremors of uncertainty through the global economy, Xeneta is advising senior executives to keep a close eye on fluctuating ocean and air freight rates. In an unpredictable geopolitical environment…
Carnival Corp on Wednesday launched its first liquefied natural gas (LNG)-powered ship in Germany as the world's largest cruise operator tries to cut its carbon footprint.Addition of LNG ships are part of Carnival's ongoing fleet enhancement…