Egypt's Suez Canal Authority is seeking a 300 million euro ($350.19 million) loan from Gulf banks, three senior banking sources told Reuters on Tuesday. The loan will be used to finance the purchase of two new dredgers, the sources said…
South Carolina Ports Authority president and CEO Jim Newsome has issued the following statement on the proposed new chassis pool structure to be known as the Southern States Chassis Pool: “The South Atlantic Chassis Pool was formed in 2006…
Energy Transfer Partners LP reopened the smaller of two Philadelphia area pipelines that help carry refined products from the region's refineries to the New York Harbor and Western Pennsylvania but the larger of the two remained shut, the company said in a customer notice seen by Reuters…
The Port of Prince Rupert and DP World have agreed on terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal. The Phase 2B expansion will increase annual…
Port of Oakland import volume should grow at a steady pace in the coming peak season. There’s a wild card, however: global trade tension. That was the cautionary outlook delivered yesterday at a meeting of the Port’s Efficiency Task Force…
China Merchants Port Holdings (CM Port) has invested the final tranche of USD 584.2 million in Sri Lanka’s Hambantota Port after acquiring an 85 percent stake in the port last year. The cheque to the effect was handed over to the Chairman of Sri Lanka Ports Authority (SLPA) – Dr…
The standard gauge rail (SGR) freight service will increase the number of daily trains on the Mombasa-Nairobi route in the next five months to facilitate faster movement of cargo between the port and the inland container depot (ICD) in Embakasi…
Nitin Gadkari, the Union Minister for Shipping, India said in Dushanbe, that India is trying to make Chabahar Port in Iran operational by 2019. Gadkari was addressing the Indian Community at the inauguration of the Swami Vivekananda Cultural Centre at the Indian Embassy in Dushanbe…
International Maritime Organization (IMO) is continuing its ongoing efforts to ensure women can reach top ranks in the maritime sector, through its Women in Maritime programme. The latest event was a two-week training course for female…
TRAC Intermodal announced it is continuing its investment in its fleet modernization program by adding 16,000 premium chassis in 2018.TRAC said 8,000 new and 8,000 fully-refurbished chassis featuring LED lights, OEM tires, new brake systems…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The global…
Various parties active in the rail freight transport sector have reached agreement with State Secretary Stientje van Veldhoven about an incentives package that is intended to make rail freight transport even more sustainable and attractive…
A Brazilian Supreme Court hearing ended with no consensus on the adoption of minimum freight prices and whether such prices should be dictated by the government, Justice Luiz Fux said on Wednesday.Minimum freight prices, introduced by decree…
May imports at the Northwest Seaport Alliance of Seattle and Tacoma reached their highest level since 2010 this year.At 131,067 TEUs (20-foot equivalent units), import volumes were 0.7 percent above last May's total.Export volumes of 114,227 TEUs marked a 11…
Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new Chief Finance Officer, it said on Wednesday.Happe will take the position at a time where Maersk is undergoing a strategic transformation from a broader conglomerate including an oil business to a more focused shipping company…
