Kinder Morgan, Inc. is expanding its growing fleet of Jones Act product tankers having signed a definitive agreement valued at an all-in price of $568 million with Philly Tankers LLC to take assignment of contracts for the construction of four…
Evergreen Group signed an agreement with CSBC Corporation, Taiwan to build ten 2,800 TEU class B-type vessels. Witnessed by Evergreen Group's Second Vice Group Chairman Bronson Hsieh, the contracts were signed by EMC Chairman Anchor Chang and CSBC Chairman Sun-Quae Lai…
The Great Eastern Shipping Company Ltd. (G E Shipping) signed a contract to sell, a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel is being built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines and will be delivered to the company in August/September 2015…
As Gateway Terminals India (GTI) (one of the private terminal at JNPort, a JV between APM Terminals (APMT) and state-owned rail operator Container Corporation of India) is facing shutdown in operations due to the strike of contractor's employees…
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter ended June 30, 2015.Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16…
The second quarter 2015 produced better results than the first quarter 2015. So far in the third quarter, we have secured higher average rates than in the two preceding quarters of the year. In 2Q 2015, NAT continued to benefit from both…
Based on the current challenging environment in the oil and gas market, Sulzer decided to take measures to streamline the manufacturing capacities of its Pumps Equipment division.Since the beginning of 2015, Sulzer’s Pumps Equipment division…
The Panama Canal Authority (ACP) has learned of the National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC). GUPC is the main contractor for the Canal's third set of locks project…
Manufacturer of quality hydraulic steering actuators will join Kobelt to expand marine system offerings.Kobelt announced today the acquisition of Accu-Steer Inc., a US-based manufacturer of quality Hydraulic Steering Actuators.Founded by Bill Pulse and Paul Barber in 1993…
APM Terminals and GF Group are pleased to announce the acquisition of 100% of Reefer Terminal S.p.A. by APM Terminals has been completed today. Terms and price were not disclosed. Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600…
The Suez Canal Container Terminal, located east of the northern entrance of the Suez Canal, at the convergence of the continents of Africa, Asia and Europe, is preparing for an even larger role in global trade as the expansion of the man…
Continuing its record breaking performance of handling all time high cargo volume of 61.61 metric million tonnes in the preceding financial year, Mumbai Port Trust has registered an overall growth of 15% upto 31st July this year against the corresponding period in the previous year…
If you are operating in Class C, C Restricted, D or E waters, and are required to meet the National Standard for Commercial Vessels (NSCV) Part C7A (Safety Equipment), you now have flexibility to determine the type and quantity of first aid supplies that are appropriate for your operation…
Electromagnetic Geoservices ASA (EMGS) has received a letter of award (LOA) for a contract worth approximately USD 4.2 million from an oil company for 3D EM data acquisition over their operated area in Malaysia. The two parties have entered into a two-year contract…
Two shipyards under Cosco Shipyard Group have pushed back the delivery dates for two converted high-end floating accommodation unit (FAU) at the customer’s request. Cosco (Nantong) Shipyard, a subsidiary of Cosco’s 51% owned subsidiary…
