Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados S…
Todd Busch, Sr. Vice President & General Manager, Technical Services, at Crowley Maritime, has joined Sea Machines Robotics’ board of directors. The Boston-based Sea Machines is building autonomous control technology for commercial vessels…
Shipments of limestone on the Great Lakes totaled 3.9 million tons in July, an increase of 15.4 percent compared to a year ago, the Lake Carriers’ Association (LCA) reported. July’s loadings were also slightly ahead of the month’s five-year average…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for the eleventh straight session, supported by higher rates for capesize and panamax vessels.The overall index, which factors in rates for capesize…
Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max…
The Buchan Alpha oil production vessel has arrived safely in Lerwick, Shetland for disposal. A semi-submersible moored floating production vessel, weighing 12,000 tonnes, Buchan Alpha was built in 1973 as a drilling rig and converted for production purposes in Stornoway between 1978-80…
The Hague-based LNG giant Shell has announced two significant milestones for its liquefied natural gas (LNG) marine fuels business in northwest Europe. Shell's ultra modern bunkership Cardissa Western LNG BV Trading Rotterdam BV (Shell) has arrived in Rotterdam…
South Korea's Hyundai Merchant Marine (HMM) suffered an operating deficit of USD 112 million in the second quarter, the company said in a regulatory filing. The third quarter will bring much better results, says the carrier. Yonhap News…
The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week. Whilst it acknowledges the benefits for clean and safe ship recycling such an incentive would bring…
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company…
Certain ships are being ordered to reduce speed because of the deaths of at least 10 North Atlantic right whales in Canada's Gulf of St Lawrence during the past two months, the government said on Friday. The deaths have made 2017 the deadliest…
INTTRA, the ocean container shipping industry electronic transaction platform and information provider, and container shipping provider SM Line announced an agreement that will expand INTTRA's reach in Korea and globally, while offering SM Line an advanced network to create value for its customers…
July’s surging cargo volumes set a record for the Port of Long Beach’s best month its 106-year history, surpassing the previous high mark set in August 2015 for the number of containers moved across its docks.With total volume of 720,312 twenty-foot-equivalent units (TEUs) in July…
U.S grant funds will support $19.7 million expansion of port's multimodal infrastructure The U.S. Department of Transportation (DOT) has recommended to Congress that the Port of Indiana-Burns Harbor receive one of 10 FASTLANE small project grants for 2017…
“We know that natural gas is one of the cleanest, most environmentally-friendly fuels available today,” said Capt. John Murray, CEO at Port Canaveral, who recently hosted a briefing on the use of liquefied natural gas (LNG) as a maritime transportation fuel…
