The union representing St. Lawrence Seaway workers in eastern Canada said it reached a tentative labor agreement on Sunday, ending a week-long strike that shut down a key North American trade route linked to the Atlantic Ocean.The Unifor union, representing some 360 workers, said it agreed to a deal with the St. Lawrence Seaway Management Corp (Seaway) that would cover engineering, maintenance, and other worker groups in Ontario and Quebec provinces…
The U.S. Army Corps of Engineers (USACE) on Friday awarded three contracts totaling more than $100 million for dredging projects in Puerto Rico, Oregon and Pennsylvania.USACE Jacksonville awarded Long Beach, Calif. based Curtin Maritime Corp…
Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings - a deal that could value the country's biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said…
Bayonne Dry Dock & Repair Corp., a full-service ship repair yard located in the Port Jersey area of New York/New Jersey harbor, is the newest participant in Green Marine – a voluntary environmental certification program for North America’s maritime industry…
Asset manager Atlas Corp said on Thursday it received a takeover offer from consortium group Poseidon Acquisition Corp in an all-cash deal for $3.64 billion.Poseidon, which comprises Atlas' board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd…
President Joe Biden on Wednesday made a stop at the Port of Baltimore where he addressed ongoing supply chain issues set in motion by the COVID-19 pandemic.Baltimore's port is one of the nation's busiest, and it is set to benefit from billions…
Japan's biggest hydrogen supplier Iwatani Corp and five other firms said on Wednesday they will study the feasibility of building a green liquefied hydrogen supply chain between Japan and Australia that could produce 100 tonnes a day by around 2026…
Japan's trading houses are riding a boom in commodities markets that has been fuelled by the recovery in major economies from the coronavirus pandemic, with Itochu reporting record quarterly profit and three others raising their earnings forecasts…
Carnival Corp on Friday named Josh Weinstein as its new chief operations officer as the company continues to grapple with the global COVID-19 pandemic.Reporting to Carnival Corporation President and CEO Arnold Donald, Weinstein's responsibilities…
China's PetroChina International Co Ltd shipped a cargo of 92 octane gasoline to India, marking the company's first direct refined oil shipment to the country, its parent company China National Petroleum Corp (CNPC) said in a statement on Tuesday…
South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) has partnered with Yuchengco group-led construction firm EEI Corp in Philippines.In a stock exchange announcement, EEI said that it formed a partnership with HHIC for upcoming construction projects…
China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China…
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…
Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…
J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this…
