Bahri reported a revenue growth of 24.2 percent for the quarter ending December 31, 2018. Total revenues grew to $475 million compared to $381 million during the same period in 2017.For Q4 2018, Bahri registered a net profit of $24.3 million…
Middle East's maritime and logistics company Milaha (Qatar Navigation) will start a direct container shipping service connecting the Black Sea and the Mediterranean in its first foray into Europe.According to a press release from the Qatar-based…
Port Canaveral has taken the delivery of mobile harbor crane - 270-foot-tall Liebherr LHM 600 - the largest of its kind in the US.The huge LHM 600 crane arrived at the port on January 18, 2018 aboard the “Happy Dover”, a heavy load carrier and will be operational in the second quarter of 2019…
Indiana's three major shipping ports handled a record amount of cargo last year as a big jump in coal shipments helped them see 25 percent growth in 2018.'The Ports of Indiana, which includes the Port of Indiana-Burns Harbor, the Port of Indiana-Jeffersonville and the Port of Indiana-Mount Vernon…
Lagardère Travel Retail has appointed GAC Dubai’s Contract Logistics team to handle a range of goods sold at Duty Free retail stores at airports in Saudi Arabia and the future Abu Dhabi Midfield Terminal Complex (MTC).Under the multi-year agreement signed by the two companies commencing March 1st…
Iran's Shahid Beheshti Port in Chabahar, which was taken over by Indian Ports Global Limited last month, registered high volumes in in container loading and unloading.“Container and petroleum products unloading and loading in the Chabahar port have increased by 61% and 81% respectively…
The Hague-headquartered international container terminal operating company APM Terminals has signed a memorandum of understanding with Sahathai Terminal PLC (PORT) and Mitr Phol Sugar to develop a 345,000 TEU capacity greenfield container terminal in Bangkok…
The international port of Texas, Port Houston, had a record-breaking 2018 as container volume through the port grew by double-digits.The port handled handled 2.7 million 20-foot equivalent units, or TEUs, a common industry measurement for containers…
Kingston Freeport Terminal Ltd (KFTL), a Jamaican consortium formed by French global terminals operator CMA CGM and its majority-owned subsidiary Terminal Link, said it recorded the best performance ever in the history of the port of Kingston in terms of container moves…
Hutchison Ports Thailand (HPT), the largest container terminal operator in Thailand, has officially opened Terminal D at Laem Chabang Port, , the most advanced deep-sea container terminal in the country.Dr. Pailin Chuchottaworn, Deputy Minister of Transport…
Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations…
The government of India has allocated a budgetary support of USD 266mln to shipping sector in the interim budget presented by Interim Finance Minister Piyush Goyal.The government has pitched for development of India’s Blue Economy with the Finance…
International Maritime Organization (IMO)'s Global Industry Alliance to Support Low Carbon Shipping (GIA) brought together a wide range of industry stakeholders to discuss how to operationally make “Just-In-Time” (JIT) a global reality.Convening at IMO Headquarters in London (31 January)…
Magnate Worldwide appointed Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries.As CEO of Magnate Worldwide, Fornari will assume overall responsibility for the strategic direction…
The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based…
