Shipping group CMA CGM said it planned to raise $2 billion to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co.France-based CMA CGM, the world's fourth-largest container shipping company…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, on Monday recorded its biggest daily percentage jump in more than four-and-a-half months, buoyed by a surge in capesize rates.The Baltic index…
Port authorities tried to right a capsized ship on Monday to rescue thousands of sheep trapped below deck in the Black Sea off Romania.The Palau-registered Queen Hind flipped onto its side shortly after leaving Romania's Midia port en route to Saudi Arabia on Sunday…
Semco Maritime Ltd. has appointed Brian Mercer new Managing Director in the UK. Brian Mercer has taken up the position as Managing Director based on a diverse background with more than 30 years of experience covering oil & gas, aeronautical engineering…
World growth and trade volumes under pressure, but still positive. A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.Expectations for global trade growth have also been lowered for 2020…
U.S. Department of Transportation Maritime Administrator Rear Adm. Mark Buzby joined elected officials and leadership from Jacksonville Port Authority (JAXPORT) and SSA Marine on Nov. 22 to break ground on a new state-of-the-art international…
For the first time, the ports of Antwerp, Barcelona, Hamburg, Los Angeles, Montreal and Rotterdam come together to showcase their most advanced digital transformation and sustainability projects at their dedicated ‘Smart Ports’ exhibitThe 'Smart Ports…
The GAC Group has opened an office in Gibraltar.Strategically located at the entrance to the Mediterranean Sea, the port of Gibraltar serves as the primary supply point for passing ships. According to the Gibraltar Port Authority, approximately 60…
U.S. Department of Transportation Maritime Administration Administrator, Admiral Mark Buzby formally presented a check for $20 million to Jacksonville for the International Cargo Terminal Modernization Project. U.S. Secretary of Transportation Elaine L…
Anglo-Eastern has announced the confirmation of Chief Executive Officer, Capt. Bjorn Hojgaard, as Chairman of the Hong Kong Shipowners Association (HKSOA). His appointment follows a two-year tenure as the association’s Deputy Chairman, and is…
The growth of offshore wind renewable power continues to push investment in marine, port and infrastructure project, the latest an announcement ffrom the Lindø port of Odense which placed an order for an LHM 800 heavy lift unit, a machine with…
Dubai's state-owned port operator DP World said that its port in Egypt, DP World Sokhna marked its 10th anniversary by revealing that its $520m (AED1.9bn) port expansion project is close to completion.The port expansion complements two operational basins…
Is Port of Amsterdam in sight? Then it's time to turn the diesel engine off and the electric motor on. That's the agreement that has been made with Sendo Shipping.By 2020, two of their Sendo Liners will be entering the port of Amsterdam emission-free…
The government of India has spent INR 13308.41 Crore ($1.9Bln) on infrastructure development and capacity augmentation of major ports in the country.A number of projects have been awarded in the last three years on upgradation of the major Ports…
Record-breaking month for container operations at the Port of Liverpool. Quayside and landside throughput in October at Liverpool container terminals exceeded all previous figures, with year on year growth of 12%.The cargoes were connected with a total of 16 shipping lines…