Kalmar, part of Cargotec, has signed a Kalmar Care service agreement with Suomen Satamatekniikka, a subsidiary of Steveco, covering the maintenance and service of 16 Kalmar straddle carriers at the Port of Helsinki, Finland. The order…
The United States has set conditions for scrapping its planned punitive tariffs on steel and aluminum imports from Europe, German magazine Der Spiegel reported, including capping U.S.-bound exports of the metals at 2017 levels. The European…
Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil…
The Panama Canal signed a Memorandum of Understanding (MOU) in Cuiabá, Brazil that will promote the Panama Canal's position as a route for grain shipments traveling from northern Brazil to ports accessed in the Pacific Ocean. The agreement…
DP World, one of the world's largest port operators, said on Thursday full-year profit rose 14.9 percent in 2017 and that it would spend $1.4 billion on capital expenditure this year. Profit for the period attributable to owners of the company after separately disclosed items rose to $1…
Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti…
Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's…
2018 started with TEN operating the largest fleet in its 25 year history, 77% of which in secured contracts averaging 2.7 years with minimum secured revenues of $1.3 billion, said a press statement from the Greece-based company Of the vessels under those fixed contracts…
Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.Under the terms of this five year agreement…
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels…
U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed…
The ports of Antwerp and Douala in Cameroon are to collaborate closely with each other over the next five years. The collaboration agreement was signed on Wednesday this week during an extensive visit by Antwerp port representatives to the port of Douala in Cameroon…
INTTRA announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation, one of the largest container fleets in the world. The continuing growth of INTTRA's carrier…
INTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation…
Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…
