Dubai's DP World will spend at least $250 million buying back some shares in its Australian port terminals business which it sold in 2010, a company spokeswoman said on Wednesday.DP World will buy the shares from Corsair Infrastructure Partners'…
Partners in the world’s largest operational agreement between shipping companies have agreed to extend their alliance until 2027.The Ocean Alliance, consisting of CMA CGM Group, COSO SHIPPING, Evergreen and OOCL, was launched in 2017 for an…
Diana Containerships (NASDAQ: DCIX), a shipping company specializing in the ownership of containerships, announced that it has received written notification from The Nasdaq Stock Market LLC dated January 10, 2019, indicating that because the…
MSC has started cleaning up Dutch sea waters, 10 days after it lost nearly 300 containers from one of its largest cargo vessels in a storm.'The clean up will likely take months,' Dutch water authorities spokesman Edwin de Feijter said. 'The largest part of the debris has been located…
V.Group has announced the appointment of Nils Aden as Managing Director of V.Ships Germany in Hamburg.Aden joins V.Group from Zeaborn Ship Management, where he held the position of Chief Executive Officer, with overall responsibility for ship management activities…
Container imports on both the US East Coast (USEC) and West Coast (USWC) had a strong year in 2018, growing 3.7% and 8% respectively in the first 11 months of the year compared to the same period in 2017.Record high levels of inbound laden containers…
The second of Crowley Maritime Corp.’s new combination container/roll-on roll-off “ConRo” ships - MV Taíno, one of the first of its kind to be powered by liquefied natural gas (LNG) - completed its maiden voyage to Puerto Rico on Friday morning…
ZIM and the members of the 2M Alliance, Maersk and MSC, has announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade.The new strategic operational agreement, which will be a combination of Vessel Sharing…
Crowley Logistics announced today that it has expanded its North Atlantic network of vessels, adding velocity to customer supply chains operating between the Northeastern U.S., Puerto Rico, the Dominican Republic and the islands of the Caribbean Basin…
Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates…
MatchBack Systems, Inc., a leading software as a service (SaaS) solution to plan, optimize and automate street-turns, and Trinium Technologies, a leading provider of enterprise software to the intermodal trucking and container drayage industries…
The German shipping line Hapag Lloyd said on Sunday it had evacuated the crew from its container ship, the Yantian Express, off Canada's east coast after a fire spread.'Due to bad weather conditions, the fire has not been successfully contained…
German shipping line Hapag Lloyd said on Friday that it was trying to extinguish a fire on its Yantian Express container vessel off Canada's east coast but was being hampered by bad weather.A spokesman for Hapag Lloyd said the fire broke out…
A load of dangerous chemicals that fell off one of the world's largest container ships into the North Sea washed up on a Dutch beach on Thursday, and more debris was expected to land overnight, officials said.The Dutch Defence Ministry said…
An Indian court has declined to quash or stall an antitrust investigation into Dubai-based port operator DP World's alleged anti-competitive behaviour at the country's largest container port in Mumbai, three sources told Reuters on Wednesday…
