Canadian manufacturing group Bombardier announced it had signed a multi-billion dollar agreement to build two automated monorail lines in Egypt’s capital Cairo.According to a press statement, Orascom Construction, Bombardier Transportation,…
NEW YORK, Aug 5 (Reuters) - Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies…
New study finds port investments including Harbor Deepening have resulted in “significant” job growth over last five years.Cargo activity through Jacksonville’s seaport positively impacts tens of thousands of jobs and supports nearly $31.1 billion in annual economic output for the region and state…
Crowley Maritime Corp. announced new leaders in its Solutions group to support the continuing focus and growth in its government service offerings. This enhanced alignment will leverage commercial best practices in the transportation, energy…
Maritime Strategies International has unveiled MSI Horizon, a new digital platform which enables clients to access the consultancy’s proprietary macro and shipping market models and asset valuations data via a single interface.The creation of…
Fabio Teti, Chairman of the Board of NASCENT Technology, has announced the appointment of Ray West to President and CEO effective August 5, 2019.West is an experienced executive with a 30-year successful track record in the transportation industry…
Port of Hamburg, Germany’s biggest universal port, said that in the first three months of 2019, at 2.57 million tons, the total quantity of cargo carried by inland waterway craft between the Port of Hamburg and its hinterland achieved double-digit growth of 12…
Container volume at Port Houston surged in the first half of 2019, rising 12 percent compared to that period last year. According to the Executive Director Roger Guenther the port facilities have handled nearly 1.5 Million TEU through the first half of 2019…
The European Commission has approved, under EU State aid rules, Romania's plans to grant EUR27.4 million investment aid to the Port of Galați, the largest sea-river port in the country.In April 2019, Romania notified the Commission of its plan to grant investment aid to the Port of Galați…
Contract negotiators between striking Alaska ferry boat workers and state officials have reached a tentative deal to end a 9-day-old walkout that has shut down the state Maritime Highway System, a federal mediator said on Friday.About 420 members…
Hamburg is Germany’s biggest universal port and, with 9.9 million tons throughput in 2018, its second biggest inland port. For the first quarter of 2019, the recently published inland vessel data from the northern statistics office reports 34…
Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia's competition regulator said on Friday.K-Line’s fine is…
Belfast Harbour, the maritime hub in Northern Ireland, said that it has opened the first dedicated cruise terminal on the island of Ireland to cater for Belfast’s growing popularity as a cruise destination.Christened as Cruise Belfast, it is a partnership between Belfast Harbour and Visit Belfast…
Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday.Shipping more crude by rail is seen…
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…
