Russia's grain exports are slowing due to tougher quality controls at ports following complaints from major buyers, along with a stronger rouble currency, analysts, traders and an industry lobby said.Russia's food safety watchdog beefed up quality…
Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels…
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington…
Diana Shipping announced the pricing of a US$100 million private placement of senior unsecured bonds maturing in September 2023 and callable beginning three years after issuance.In addition, the global shipping company specializing in the ownership…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company…
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports…
Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the…
DP World said on Tuesday it would continue to pursue all legal means in its dispute with the government of Djibouti which seized a port terminal operated by the company earlier this year.Djibouti this week nationalized shares held by the Port of Djibouti in the Doreleh Container Terminal…
The classification of certain potentially hazardous cargoes is on the agenda of the International Maritime Organization (IMO)'s Sub-Committee on Carriage of Cargoes and Containers (CCC 5, 10-14 September).The Sub-Committee will consider a newly…
Djibouti has nationalized the two-thirds stake in its Doraleh Container Terminal held by the Port of Djibouti, the government said in a statement, the latest twist in a dispute with Dubai's government-controlled DP World dating back six years…
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…
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…
Mitsui O.S.K. Lines (MOL) announced the establishment, effective July 1, of MOL Worldwide Logistics (MWL), and that they will lead MOL Group non vessel operating common carrier (NVOCC) business in Hong Kong.In a press release the company clarified…
Brazil's policy of setting minimum freight rates is reducing the volume of cargo at Brazilian ports as farmers and agricultural exporters have difficulty arranging transportation at higher cost, according to the head of a Brazilian ports association…
Somalia’s Department of Maritime Administration is planned to become fully operational by the end of the year, enabling the country to discharge its flag, port and coastal responsibilities effectively in line with International Maritime Organization (IMO) instruments…