Following the previous announcement that Jim Umpleby will become Caterpillar’s Chief Executive Officer on January 1, 2017, Caterpillar Inc. announced today additional changes in its executive ranks. The company’s Board of Directors has appointed…
The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan and the harbor volume of Busan Port is expected to drop by 3.5 percent from next year, the Korea Herald reported quoting Korea Maritime Institute (KMI)’s report…
The National Waterway Act, 2016 declaring 111 national waterways, including the 5 national waterways declared earlier has been enforced w.e.f. 12th April, 2016. The process for preparation of techno economic feasibility (TEF) study/Detailed…
Descartes Systems Group, a leader in uniting logistics-intensive businesses in commerce via the Global Logistics Network (GLN), announced that it has acquired Datamyne, a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity…
Hector Rail and Samskip have agreed to develop their partnership on Sweden and the continent further. As of the 1st of January six round trips per week between Helsingborg in Sweden and Duisburg in the Ruhr area in Germany, via Copenhagen in Denmark…
The Port of Long Beach’s Harbor Commission on Wednesday approved an agreement to replace the bankrupt operator of its largest cargo terminal.The Long Beach Board of Harbor Commissioners greenlighted the move by a subsidiary of Mediterranean Shipping Co…
Hoover Ferguson Group (Hoover Ferguson), the global leader in container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding AS’s (Uniteam’s) offshore container rental business…
Sagarmala Programme, an ambitious port-led infrastructure development programme of the government to harness India’s 7,500-km, is now moving from the conceptualization and planning to the implementation stage. The National Perspective Plan (NPP)…
India has one of the largest merchant shipping fleet and ranked 17th among the developing countries with average age of the fleet being 18.03 years. 95% of the country’s trade by volume (68% in terms of value) is moved by sea. India has a total of 1299 ships comprising of 11…
Matson, Inc. ('Matson') announced the issuance of $75 million in privately placed 11-year final maturity senior unsecured notes (the 'Notes') pursuant to a previously announced commitment letter dated October 27, 2016. The Notes will have…
Since December 14 2016, multimodal rail operator H&S Container Line is offering a direct rail connection between the port of Antwerp and Andernach (Germany, Rhineland-Palatinate). Andernach’s trimodal terminal is already connected to Antwerp…
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it signed an agreement to acquire from Dayang shipyard, Hull DY160, an Ultramax drybulk carrier…
CMA CGM’s European Caribbean Service is to begin calling at DP World London Gateway Port following enhancements to the rotation. It means that this particular service will be calling in the UK for the first time on Friday, January 6. Dedicated to reefer transport…
While container trade growth has slowed in recent years, box trade has still expanded significantly since the turn of the milliennium, according to Clarkson Research Services Limited. In 2016, box trade is projected to total 181m TEU, almost three times volumes in 2000…
Shipping confidence improved for the third successive quarter in the three months to end-November 2016, says a report by Moore Stephens, an accounting and advisory network in UK. In November 2016, the average confidence level expressed by respondents was 5…
