APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal…
Kalmar, part of Cargotec, has been awarded a major port equipment order from long-standing customer Sociedad Portuaria Regional de Buenaventura S.A. (SPRBun) as they gear up for growth at their operations in Terminal Especializado de Contenedores de Buenaventura S…
Odd Arne Slettebø, CFO of Noreco since November 2014, has handed in his resignation and his employment will cease on 31 October.Since Mr. Slettebø joined Noreco in 2012 he has played a central role within accounting, compliance and the restructuring processes during the past years…
Friday’s preseason game against the Denver Broncos marks the start of football fans’ ferry travel season. To manage the influx of people, Washington State Ferries will provide additional ferry sailings leaving Bremerton at 10:15 p.m. and leaving Seattle at 11:30 p…
The Short-Term Energy Outlook (STEO) released on August 11 forecasts that North Sea Brent crude oil prices will average $54 per barrel (b) in 2015 and $59/b in 2016, which is $6/b and $8/b lower than projected in last month’s STEO, respectively (Figure 1)…
More than 100 city officials, educators, community members, and representatives from the river industry attended West Kentucky Community and Technical College’s open house and ribbon cutting for its Inland Logistics and Marine Institute (ILMI) August 10…
Former BP PLC Chief Executive John Browne said fellow FTSE 100 giant Royal Dutch Shell PLC is risking its long term reputation and finances by deciding to drill n the Arctic, the BBC reported. But the CEO of Royal Dutch Shell says he decided…
The merger talk between two state-run shipping conglomerates Cosco Group and China Shipping Group is on strong footing on on Beijing’s command. According to sources, the companies would release an outline plan within three months. Chinese…
The Indonesian fisheries minister says a massive refrigerated cargo ship believed to be loaded with slave-caught fish has been seized by the navy and brought to shore after an Associated Press report alerted authorities about its presence in the country's waters…
India's largest domestic ship liner Great Eastern Shipping Company today reported a 45 percent jump in its consolidated net profit to Rs 323.67 crore ($50 million) for the quarter ended June 30, on the back of higher income. Sales during April-June rose 17 percent to 947 crores versus 808…
State-run Shipping Corporation of India (SCI) Ltd has reported more than three times rise in net profit for the quarter ended 30 June on account of higher earnings from running oil tankers and lower bunker (ship fuel) prices. Its June-quarter net profit is 1…
A series of huge explosions shook the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at least 44 people and injuring hundreds more, according to officials and state media…
Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas Carigali Sdn Bhd, for the supply, refurbishment and maintenance of cleaning pig and associated services in Sabah and Sarawak…
Denmark's AP Moller-Maersk, which operates the world's largest container shipping line, has revealed another huge share buy-back scheme a year after it launched its current programme. Maersk will buy back up to $1bn (DKK 6.7 billion) worth…
The Port of San Diego hosted an employee orientation on August 7, 2015 for 100 prospective employees of the International Longshore Workers Union (ILWU) Local 29, the chapter of the ILWU that handles cargo at the port's Tenth Avenue Marine Terminal and National City Marine Terminal…
