The Container Owners Association – the international organization representing container shipping lines and container leasing companies worldwide – has appointed Frank Nachbar, Director - Container Engineering, Hapag-Lloyd, to its Board of Directors…
Israel's largest cargo shipping firm ZIM has hired Liav Geffen to serve in the newly created position of chief digital officer (CDO). “The new Digital Unit in ZIM will drive the digital transformation the company has already embarked upon…
The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported. The 400,000-dwt mega ship, which is 362 meters long…
Capital Product Partners has announced that its Board of Directors has approved the acquisition of the eco-type crude tanker ‘Aristaios' (112,800 dwt, Ice Class 1C, built 2017, Daehan Shipbuilding, S. Korea) for a total consideration of $52…
Bryceon Sumner has joined Foss Maritime as chief financial officer, hired to oversee all aspects of the organization's financial function and performance.Sumner brings to the role years of experience gained at a number of organizations ranging from education technology and real estate…
Year-over-year total cargo tonnage at Port Saint John, Eastern Canada’s largest port by volume, increased by over 4 million metric tonnes in 2017. Overall cargo tonnage handled for the year 2017 was 30,458,422 metric tonnes, a 15% increase over 2016…
Dallas based shock and vibration monitoring solutions provider SpotSee said it has opened a new office in Sorocaba, located just outside of São Paulo, Brazil, to providing sales and technical support to clients in Latin America. “Central and South America are important regions for us…
Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed…
U.S. based owner of Handymax dry bulk vessels Eagle Bulk Shipping has announced that it has taken delivery of its newly acquired vessel, the M/V New London Eagle, a 2015-built CROWN-63 Ultramax. The acquisition has been funded by cash on-hand and new debt of USD 8…
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced that it has secured a Sharia-compliant funding of SAR 360 million (USD 96mln) from Bank Albilad, one of the fast-growing banks in Saudi Arabia…
French multinational banking and financial services company Societe Generale (Socgen) has joined SEA\LNG, the industry coalition promoting the use of liquefied natural gas (LNG) as a marine fuel. The bank is the first financial institution to join SEA\LNG…
The Brazilian terminal DP World Santos will now be run by the new CEO Dallas Hampton, , an Australian executive with degrees in Business Administration, Logistics and Occupational Safety and with vast experience in the ports and logistics sectors…
Crowley Maritime Corp.’s solutions group announced that it is reorganizing and establishing new leadership to better serve customers in need of engineering, project management and government services. Solutions is the company’s dedicated…
DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal…
Dutch shipowner and manager JR Shipping has succeeded in involving a credit investment fund in London in the refinancing of JR Fleet Fund CV – a shipping fund which has financed eleven container feeders belonging to the shipping company’s fleet…