Ship management firm OSM said it is in the final stages of completing a Singapore-based Maritime Operations Center that will help transform decision-making, efficiency and performance for its global customer base.The facility, developed in partnership…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday for a third straight session as rates for capesizes continued to decline.* The overall index, which factors in rates for capesize…
MISC Bhd, the shipping arm of Petroliam Nasional Bhd or Petronas, which is optimistic of delivering better earnings in its financial year 2018, is setting aside a bigger capital expenditure (capex) totalling RM15.68 billion (US$4 billion) over the next five years to grow its four core businesses…
Qatar Navigation (Milaha), a leading maritime and logistics conglomerate, has reported a net profit of QR260 million ($71.3 million) for the first quarter of 2018, up from QR236 million ($64.80 million) for the same period in 2017. Milaha…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The…
Matson, Inc. shareholders elected Mark H. Fukunaga, Chairman and CEO of Servco Pacific Inc., as a new member of Matson’s board of directors. Concurrently, Matson Chairman and CEO, Matt Cox, announced that the board's independent directors have designated Stanley M…
Officials at the Port of Oakland say they have entered exclusive talks with a Major League Baseball team considering the waterfront at Howard Terminal as a potential location for a new ballpark.On Thursday, port commissioners approved a one…
Turkey will open an investigation into whether iron and non-alloy steel imports harm local producers, the government said on Friday.Producers from the European Union, which Turkey aims to join, will be exempted from the investigation, the government said…
Havenbedrijf Amsterdam N.V. realised revenue of EUR 150.1 million, compared to EUR 146.3 million in 2016. The operating result increased from EUR 73.3 million in 2016 to EUR 74.3 million in 2017. These and other key figures are stated in the annual report published…
Beginning immediately, two 20-foot containers with colorful graffiti are part of Hapag-Lloyd’s fleet. On them can be seen crocodiles, jungle vegetation and ice hockey players painted in graffiti style. With these unusual containers, Hapag…
Mercedes-Benz Försäljnings AB is establishing a base in the port area in Malmö and thereby strengthening its collaboration with CMP. The company previously rented outdoor areas from CMP, but it has now decided to move its workshop operation to Frihamnen…
Kansas City Southern (KCS) announced a new weekly service between the Port of New Orleans and Wylie, Texas (Dallas-market) beginning May 2018, relaunching intermodal service to this lane for the first time since 2005.“The return of the Kansas…
A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company…
The Port of New Orleans (Port NOLA) honored the top ocean carriers and shippers that have contributed to Port NOLA’s success over the years during the 10th anniversary of the Cargo Connections Conference (CCC) on Monday, April 9, 2018.“The Port…
U.S. Senator Roger Wicker, R-Miss., yesterday attending a hearing of the Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety, and Security to consider U.S. maritime policy, asked Mark H. Buzby, the current administrator of the Maritime Administration…
