Norwegian shipping company Klaveness Combination Carriers AS holds several attractive growth options and is now launching a contemplated private placement of shares with total gross proceeds of approximately USD 45-70 million.The owner and operator…
Damen Shipyards Galati has opened an exhibition in the Lower Danube University in the Romanian city of Galati, displaying an extensive collection of historical maritime memorabilia.The exhibition is part of the yard’s 125 year anniversary celebrations…
South Carolina Ports Authority announced the highest monthly container volume in its history, with 206,541 twenty-foot equivalent container units (TEUs) handled in August.August container traffic surpassed the Port’s previous record of 201,163…
At the Florida Ports Council Annual Board Meeting last week in St. Petersburg, PortMiami Director and CEO Juan Kuryla was elected chairman.Kuryla replaces Port Everglades Chief Executive/Port Director Steve Cernak. Port of Palm Beach Executive…
Cloud-based maritime management software provider Hanseaticsoft GmbH has launched its updated and enhanced crewing module, Cloud Crewing 2.0 to help shipping companies better manage their crews across multiple ships.The software is available within Cloud Fleet Manager (CFM)…
DP World, the Dubai logistics group and one of the world's biggest port operators, will meet fixed income investors ahead of a planned 10-year benchmark dollar sukuk offering, a document issued by one of the banks arranging the potential issue showed on Monday…
Chemical tanker operator Essberger Tankers has signed a ship agency deal with GAC throughout Scandinavia. Under the agreement, GAC will handle an estimated 600-800 port calls a year for Essberger’s fleet of vessels carrying a wide range of high-grade chemicals…
ST Engineering announced the appointment of Tom Vecchiolla as President & CEO (Designate) of its US Headquarters, VT Systems. He will take over as President & CEO from General (Ret.) John Coburn on 1 December 2018, who will relinquish his CEO…
Container volumes at the Port of Long Beach were 1.9 percent lower in August compared to the same month the year before.A total of 679,543 twenty-foot equivalent units (TEUs) were moved through the Port. Imports declined 3.6 percent to 343,029 TEUs…
French shipping liner CMA CGM said that rising oil price impacted its operating income in second quarter of 2018. 'Volume growth and positive net income in a market environment affected by rising fuel costs,' said a press statement from the company…
The bulk investment company focusing on vessels in the second hand market GoodBulk entered into a new credit facility with ING Bank for up to $73.0 million. This facility has an initial term of five years, profile of sixteen years.GoodBulk took delivery of the M/V Aquasalwador…
Pacific Drilling announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured first lien notes that mature five years following their issuance, subject to market conditions…
The Port of Duluth-Superior generated $1.4 billion in economic activity and supported 7,881 jobs last year. Handling 35 million short tons of cargo generated over $504 million in total wages, salaries and purchases of goods and services in the regional economy…
The Task force behind efforts to address the lack of gender diversity in the U.K. maritime sector is to launch a new Charter next week.The Charter creates a framework to challenge companies to make progress on diversity, and will be supported…
Latvia recorded the strongest real growth among European states in the first quarter of 2018, posting a seasonally adjusted rise of 5.1 percent on strong domestic demand, driven by EU funded major projects, and greatly consuming private households…