Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts…
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal…
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing…
Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia. The Vessel has been sold to a Japanese…
The three best performing dry bulk terminals in the world are Santander and Bilbao in Spain and Quebec in Canada, according to BIMCO’s 2017 Dry Bulk Terminals Vetting Report. Santander was rated first in all four major categories: terminal handling of loading/unloading…
Wallenius Wilhelmsen Logistics has signed a concession agreement with the Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port. With this concession, in place until 2043, the company will nearly double its terminal footprint…
Europe's third-largest container port, Port of Hamburg, is preparing for the future with improved infrastructure and digitalization. Frank Horch, Hamburg’s Senator for Economics, Transport and Innovation, said: 'The Port of Hamburg must become a Port 4…
The port of Rotterdam, Europe’s largest, continued to grow in 2017 spurred by a significant gain in container throughput, which increased by 1.3% to 476 (461) million tonnes with the port returning to the growth trend seen before 2016. Particularly strong growth in container throughput of 12…
Seamless real-time flow of 100 percent accurate data provides organizations the ability to analyze and optimize all their supply chain processes. Data is at the heart of today’s business processes and operations. Exploiting the insights…
Honolulu, HI-based Pasha Hawaii announced that the U.S. Jones Act vessel Horizon Spirit has returned to the U.S. West Coast after ably providing service in the Puerto Rico market to support extraordinary volumes of cargo for use in hurricane relief and rebuilding efforts…
Crowley Logistics reports that it has successfully executed the first cargo move under its new $2.3 billion Defense Freight Transportation Services (DFTS) contract, one of the U.S. Department of Defense’s (DoD) largest transportation services contracts…
As per January 1, 2018, Hoppe Singapore Pte. Ltd., a wholly owned subsidiary of the Hoppe Group headquartered in Hamburg, Germany, has opened.“The decision to set up Hoppe Singapore, enhancing the already existing Hoppe network in China and South Korea…
The Georgia Ports Authority (GPA) in the USA has embarked upon the Mason Mega Rail Project that will double the Port of Savannah’s on-dock rail lift capacity to 1 million containers per year. As part of the project, the GPA has ordered 8 Konecranes…
The Port of Oakland reported that containerized export volume in January increased 2.1 percent from the same month a year ago. It was the second consecutive month of export growth at the port. The increase follows a 1.8 percent decline in Oakland exports during 2017…
Greece-based Tsakos Energy Navigation (TEN) has announced the charter extension for seven panamax tankers, for an average of 24 months, to a state oil concern. The charters which all incorporate profit sharing provisions are expected to generate minimum gross revenues of over $70 million…
