Finance News

 

The Inouye: The Largest American-Made and American-Crewed Containership Ever Built

Jul 03, 2018

I was honored to be present in South Philadelphia on June 30 to witness the christening of the largest container ship ever built in the United States. It was built by Philly Shipyards for shipping company, Matson, Inc., and was named for the former Hawaii senator…

Hapag-Lloyd AG: Bunker Costs Rise, Earnings Sink

Jul 03, 2018

Maritime companies under market pressure have another negative force with which to deal: Steadily rising bunnker costs in tandem with oil's nearly year-long rise. According to Moody's, Hapag-Lloyd on June 29 revised its outlook for EBIT and…

Sailors’ Society Select Kamatoy for MIHCA Scholarship

Jul 03, 2018

Aspiring chef, Kristina Kamatoy, 18, has been selected as the second beneficiary of a maritime education scholarship co-funded by Sailors’ Society and Garrets International, and given by Homer Foundation. Kamatoy, from Quezon in The Philippines…

AoS, Santa Marta Group Tackle Slavery at Sea

Jul 03, 2018

Seafarers’ charity, Apostleship of the Sea (AoS), has joined forces with the Santa Marta Group to tackle the issue of slavery at sea.  The organizations are arranging a series of workshops aimed at educating and informing AoS chaplains, volunteers…

Monjasa Expands into Northern Europe and France

Jul 03, 2018

Monjasa expands its reach to Northern France and goes from two to three supply vessels in Northwest Europe. Providing a niche market alternative to the Amsterdam-Rotterdam-Antwerp (ARA) bunker hub has proven relevant for a growing number of customers and volumes are increasing…

Vard Wins Contract for Luxury Expedition Cruise Vessel

Jul 03, 2018

Vard Holdings Limited has announced that it has secured a new contract for the design and construction of one luxury expedition cruise vessel for German cruise company Hapag-Lloyd Cruises. The new expedition cruise vessel will join Hapag-Lloyd Cruises HANSEATIC series…

GLDD Wins $164 Million in Dredging Awards

Jul 02, 2018

Great Lakes Dredge & Dock Corporation (Great Lakes), provider of both dredging services in the United States and environmental and infrastructure services, announced the receipt of a several dredging awards totaling $164 million.The awarded…

Matson Christens First Aloha Class Vessel 'Daniel K. Inouye'

Jul 02, 2018

Largest Containership Built in U.S. Will Serve Hawaii.  Matson, a U.S. flag carrier in the Pacific, and Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY) christened the largest containership…

Evergreen Orders 3,000 Reefer Units

Jul 02, 2018

As one of the world’s leading shipping lines, Evergreen Line, is enhancing its operations with 3,000 containers refrigerated by Carrier Transicold PrimeLINE® units, chosen for their refrigeration performance and power efficiency. Carrier Transicold is part of UTC Climate…

HII Appoints Brady as Chief Operating Officer for SN3

Jul 02, 2018

Huntington Ingalls Industries (HII) (NYSE:HII) has appointed Sharon Brady chief operating officer of SN3, part of Huntington Ingalls Industries’ Technical Solutions division, effective June 4.In this new position, she plays a leading role…

DCA's Doyle: President Trump Supports Strong Infrastructure Projects

Jul 02, 2018

In an address to Western Dredging Association (WEDA) stakeholders, William P. Doyle, CEO & Executive Director Dredging Contractors of America told his audience: It all starts with dredging. To follow are Doyle's prepared remarks: Good Morning…

Mexico President-elect Wants to Remain in NAFTA

Jul 02, 2018

The landslide winner of Mexico's presidential election, Andres Manuel Lopez Obrador, said on Monday that he will aim to keep Mexico in the NAFTA trade pact and seek a frank dialogue and friendly ties with the United States. The first leftist…

Scandinavian Shipping & Logistics Acquires Unitrans

Jul 02, 2018

Scandinavian Shipping & Logistics acquires the forwarding company Unitrans.  “By this takeover we strengthen our position as a logistics company, both in Sweden and on the global market”, says Björn Eklund, owner of Scandinavian Shipping & Logistics…

US Soy Cargo Set to Head for Singapore after China Offload

Jul 02, 2018

A vessel carrying over 70,000 tonnes of U.S. soybeans is expected to head towards Singapore after apparently offloading some of its cargo at the Chinese port of Tianjin, according to shipping data on Thomson Reuters Eikon The Aeolian Fortune…

Adani Ports Acquires Kattupalli Port

Jul 01, 2018

India's largest port developer Adani Ports and Special Economic Zone (APSEZ) has agreed to pick up 97% stake in Marine Infrastructure Developer (MIDPL) from Larsen & Toubro at an enterprise value of Rs 1,950 crore ($284 million). According to a press release from the company…

Logistics News

Operations Begin at Jubail Container Terminal in Saudi Arabia

Operations Begin at Jubail Container Terminal in Saudi Arabia

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

Concerns Raised by Repeated Chinese Detentions of Panama-Flagged Vessels

CMA CGM Celebrates Maiden Call of New Port Kobe Service

CMA CGM Celebrates Maiden Call of New Port Kobe Service

New Wildlife Trafficking Compendium Released for Singapore

New Wildlife Trafficking Compendium Released for Singapore

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