Greece named a consortium led by Deutsche Invest Equity Partners as the winner of a majority stake in Thessaloniki Port, the country's second biggest, its privatisation agency (HRADF) said on Monday. Deutsche Invest has teamed up with France's…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Monday, pressured by weaker capesize vessel rates. The overall index, which factors in rates for capesize…
Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics. Through this joint logistics research collaboration, Qatargas and Shell aim…
Norway's DOF Subsea has decided to hold off on launching its initial public offering (IPO), citing volatile market conditions. Company shareholders DOF ASA, with 51 percent, and a fund managed by First Reserve, with 49 percent ownership…
The EU funded EfficienSea2 project, which aims to implement innovative and smart solutions to increase efficient, safe and sustainable traffic at sea, has finished a full-scale simulation of a wide variety of e-Navigation solutions. The simulations…
The JSC Latvian Shipping Company subsidiary LSC Shipmanagement (LSCSM) supplemented the fleet under its full technical management with a newbuilding “Elandra Falcon”, which is the 25th tanker managed by LSCSM. The new tanker is intended for transportation of oil products…
Bodies of seven U.S. sailors recovered after the U.S. destroyer collided with with Philippine-flagged vessel CX Crystal near south of Tokyo Bay in Japan. The bodies of missing sailors were found in flooded compartments of the USS Fitzgerald…
The Indian shipping industry is registering a positive growth amid a downward trend globally, Union Minister of State for Shipping, Pon Radhakrishnan said. “While the shipping sector is seeing a downward trend worldwide, India is registering a positive growth…
Troubled family-owned Dutch shipping group Redderij Vroon has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt. The Dutch company specializing in offshore and shipping business has reached agreement with its creditors…
Hapag-Lloyd held a naming ceremony in Hamburg for the Guayaquil Express, the fourth of five newbuildings in its 10,500 TEU class. The patron is Christine Kühne, wife of Klaus-Michael Kühne, majority shareholder and Honorary Chairman of Kühne + Nagel International AG…
New York City Mayor Bill de Blasio today unveiled a series of initiatives aiming to spur 100,000 high-paying jobs over the coming decade across a number of sectors, including the City's maritime and intermodal freight and logistics industries…
Inspired by the European program for Air Traffic Managemen, the Sea Traffic Management (STM) methodology has been developed by the Swedish Maritime Administration MonaLisa project to define a set of systems and procedures to guide and monitor maritime traffic…
Wabash National Corporation, a diversified industrial manufacturer and North American producer of semi-trailers and liquid transportation systems, announced that Mark Weber, senior vice president and group president of Diversified Products,…
Port Manatee and Chile are pursuing considerable opportunities to boost two-way trade, according to a Chilean official who visited the Central Florida Gulf Coast port Thursday [June 15].Garafulic, who spoke at the Manatee County Port Authority’s meeting and toured the port…
Dockers will strike on alternate hours for 48-hour periods between June 26 and 28, June 29 and July 1, July 3 and 5 and July 6 and 8, the UGT worker union said.Spanish port terminals have already been hit by major disruptions as container…
