Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners.'PSA International Pte Ltd concluded the purchase of the terminal…
The global port operator DP World has accused the government of Djibouti of “complete disregard and contravention” of the global legal system as it plans to rule all international adjudications on the Doraleh Container Terminal null and void…
Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday.Shipping more crude by rail is seen…
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world's two largest economies continue.'Trade talks are continuing…
ZIM has announced a new service between Mexico, Caribbean and Central America, commencing on the second half of August, with the following rotation:Veracruz-Altamira-P. Cortes-Santo Tomas-Kingston-Rio Haina-San Juan-Kingston-Veracruz ZIM will operate 3 vessels in a weekly…
Huntington Ingalls Industries (NYSE: HII) reported second quarter 2019 revenues of $2.2 billion, up 8.3% from the second quarter of 2018. The increase was driven primarily by growth at HII’s Technical Solutions division from recent acquisitions…
From August 1, 2019, GAC Sweden takes over the ship agency activities of SwedAgency AB throughout the country, in a move that will boost its operational presence in and around the capital Stockholm and extend its reach to Oxelösund.The transfer…
ABB has won a contract to supply ABB Ability Remote Diagnostic Systems for Marine to eleven Sovcomflot vessels operating in the Arctic and Russia’s Far East, helping optimize safety and performance through 24/7 remote support.Sovcomflot’s vessels will be among over 1…
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately $96 million…
Georgia Ports Authority (GPA) announced that the Port of Savannah moved a record 4.5 million twenty-foot equivalent container units in the fiscal year that ended June 30, an increase of more than 305,000 TEUs, or 7.3 percent.“Our ports are firing on all cylinders…
Turkey's Yilport Holding signed a concession agreement with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the Port of Taranto in Italy for the multipurpose terminal.The deal was signed on 30 July 2019, at Castello Aragonese in Taranto…
The Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community—today organized its inaugural Tech and Demo Day, during which it announced the formation of a new Digital Transformation Committee.The association…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that the Beluga Ace, the first ship of its 'FLEXIE series' next-generation car carriers, and both the Sunflower Satsuma and Sunflower Kirishima ferries, which are operated by its group company…
American manufacturer of marine vessels used in the energy sector, Gulf Island Fabrication Inc. (GIFI) has received an award for the construction of a (70) seventy vehicle ferry from the Texas Department of Transportation.The fabricator of complex steel structures…
