Canadian National Railway (CN) has signed a deal to acquire the Winnipeg-based TransX Group of Companies as part of its strategy to expands its North American intermodal supply chain services.TransX, one of Canada’s largest and oldest transportation companies…
International accountant and shipping consultant Moore Stephens has outlined a number of unexpected changes introduced by the UK Budget 2018 which could have implications for the shipping and offshore maritime industries. But it stresses that…
The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week.Speaking in Hamburg at the annual conference of the Association of Bulk Terminal Operators…
JAXPORT’s public seaport terminals achieved record growth in container volumes, recording double-digit growth during the fiscal year ending Sept. 30, 2018. JAXPORT moved nearly 1.3 million twenty-foot equivalent units (or TEUs, the industry standard for measuring containers)…
Cheniere Energy will commission the first liquefied natural gas (LNG) cargo from its new Corpus Christi export terminal on Nov. 15, the Texas port's chief executive said on Tuesday.The commissioning of the cargo, months ahead of schedule, will…
To accommodate increasingly larger ships, a new sea lock is being built at IJmuiden, a port city in the Dutch province of North Holland.The construction started in 2016. It will be the largest sea lock in the world. The sea lock ensures that…
COSCO Shipping Ports said that its revenue for the three months ended 30 September 2018 surged by 62.6% to US$253.0 million. The net profit for the same period rose by 11.8% to US$75.1 million.The ports operator in a press release also said…
It’s about more than maritime. Harald Solberg, CEO of the Norwegian Shipping Association, sees a world of opportunity from his office overlooking Oslo. Here he talks markets, innovation, ocean developments, and even rubbish. Norway, he believes…
Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U…
Qatar Gas Transport Company (Nakilat) has reported about 8.5% year-on-year increase in net profit to QR659mn (USD 181 million) during January-September this year.'Nakilat’s stronger performance is a result of the company’s successful expansion…
The global maritime and transportation investment bank and industry advisory Seabury Maritime PFRA (SMPFRA), a division of Seabury Capital Group, announced the appointment of Fernando Lehrer as Executive Director, Head of Marine Services, and Nikos Petrakakos as Vice President…
The smart terminal solutions provider Konecranes has received another order for the delivery of an Automated RTG (ARTG) System to PT Prima Terminal Petikemas, a subsidiary of state-owned port operator PT Pelabuhan Indonesia I (Persero).The ARTG…
Abu Dhabi Marine Services “Safeen”, the marine services subsidiary of Abu Dhabi Ports, announces the purchase of two new state-of-the-art tugboats from Damen Shipyards Group aimed at supporting the AED 10 billion] expansion of Khalifa Port, Abu Dhabi Ports’ flagship deep-water port…
APM Terminals’ Moín Container Terminal (MCT) in Costa Rica has been granted permission by the National Council of Concessions (CNC) to start commercial operations at its first deep-sea berth. This is a key step for the terminal, which is on schedule to be fully operational in February 2019…
Port of Mombasa of Kenya Ports Authority (KPA) pilots has received Mediterranean Shipping Company (MSC) container vessel MSC Maxine master one of largest container vessel to dock at the facility.The port has registered a new performance record…
