Contracts News


Shareholders Approve SAAM's $1 Billion Terminals Sale to Hapag-Lloyd

Oct 19, 2022

SAAM shareholders at an extraordinary shareholder’s meeting on Tuesday approved a deal valued at about $1 billion to sell 100% of the shares of its subsidiaries SAAM Ports and SAAM Logistics, as well as the real estate assets belonging to the logistics business…

Transnet Agrees Wage Deal with Majority Labor Union

Oct 18, 2022

South African state-owned logistics firm Transnet said on Monday it had agreed a three-year wage deal with the union representing the majority of its workers, ending a two-week strike that had hit commodities exports and piled up millions in losses…

CMA CGM Inks Deal for Fleetwide Adoption of HydroPen Firefighting Tool

Oct 05, 2022

Viking Life-Saving Equipment secured a major order for its container fire-fighting tool HydroPen, following a decision by the CMA CGM Group to adopt the solution across its entire fleet.In 2020, CMA CGM ordered HydroPen sets to equip its larger containerships…

Two Binding Bids for Greek Port

Sep 22, 2022

Greece received two binding bids for a majority stake in its northern port of Alexandroupolis, the country's privatizations agency HRADF said.The bidders for a 67% stake in the port were Quintana Infrastructure and Development through Liberty Port Holdings Single Member…

Shoei Kisen Kaisha ink deal for Fleetwide install of NavFleet

Sep 15, 2022

NAVTOR secured an agreement with Shoei Kisen Kaisha, Ltd., one of Japan’s largest shipowners and managers, to deliver the NavFleet application across itsfleet of managed vessels. Shoei Kisen, a part of Imabari Shipbuilding, Japan’s largest shipbuilder…

Digitalization: NAVTOR, Veracity by DNV Partner

Sep 14, 2022

NAVTOR signed an Integrated Partner agreement with Veracity by DNV, a deal intended to help shipowners and operators simplify reporting, enable sustainable shipping and unlock green finance.“Our ecosystem collects, aggregates and utilizes enormous amounts of business-critical data…

Oldendorff Inks Deal for BOSS Voyage Optimization Suite

Aug 22, 2022

German bulk carrier company Oldendorff Carriers -- which operates about 700 ships globally -- and Blue Water signed a contract to implement Blue Water’s BOSS Voyage Optimization Suite for Oldendorff’s cape and baby cape fleet of owned and time chartered vessels…

USACE Awards Mississippi River Harbor Dredging Contract

Jul 07, 2022

Houston-based dredging contractor Great Lakes Dredge and Dock has been awarded a contract from the U.S. Army Corps of Engineers' Memphis District for the rental of a 24-inch hydraulic cutterhead dredge, discharge pipe, and attendant plant for harbor dredging along the Mississippi River…

USACE Awards $1 Billion Contract for New Lock at the Soo Phase 3

Jul 06, 2022

The U.S. Army Corps of Engineers' Detroit District said it anticipates Phase 3 construction will start this summer following a $1.068 billion contract for the New Lock at the Soo Phase 3 awarded July 1, 2022.This contract allows the contractor Kokosing Alberici Traylor…

Total AMS Bags Port Hedland Piles Refurbishment Contract

Jun 22, 2022

Total AMS, part of the TAMS Group, has been awarded the contract for the Port of Port Hedland Berth 1 piles refurbishment, the Pibara Ports Authority said.As part of the project, piles will be refurbished and a pile wrapping system will be installed…

Port Houston Awards $450 Million in Contracts for Channel Expansion

Jun 22, 2022

The Port Commission of the Port of Houston Authority met in a special session and awarded two of the largest contracts in the organization’s history. The Commission approved the staff’s recommendation to award Weeks Marine and Curtin Maritime…

MSC Signs On with Kongsberg Digital to 'Digitalize' 500 Ships

Jun 09, 2022

Kongsberg Digital and MSC has signed a contract for digitalizing MSC’s entire fleet consisting of approximately 500 vessels with Vessel Insight.“This is a very important contract for MSC as making our fleet more sustainable is one of our top priorities…

NYK to Invest in theDOCK’s Navigator II Fund

May 24, 2022

NYK  signed an agreement to invest in “Navigator II,” an investment fund managed by theDOCK, an Israeli venture capital firm specializing in maritime technology. Navigator II invests in and supports startup companies that research and develop innovative technologies in the fields of shipping…

Toledo Harbor Dredging Contract Awarded

May 19, 2022

The U.S. Army Corps of Engineers (USACE), Buffalo District awarded a $4,565,000 contract to Michigan-based Ryba Marine Construction Company on May 17 to conduct dredging of the federal navigation channel in Toledo Harbor and the Maumee River…

Braemar inks deal with UK MOD

May 19, 2022

Braemar signed a seven-year contract with the UK’s Ministry of Defence (MOD) to provide global shipbroking services across all commercial maritime sectors. Under the contract, Braemar will provide the MOD with access to its S&P, chartering and research departments across Braemar’s 14 global offices…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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