In the dry bulker business, the market is deteriorating to a new record low due to the imbalance of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last fall, says Mitsui O.S.K. Lines…
2016 marks the 100th anniversary of the Port of Beaumont, a major deepwater port in Southeast Texas. A series of celebrations and public events began October 20th, when the Greater Beaumont Chamber of Commerce presented the port with its Spindletop Award for outstanding corporate citizenship…
Navios Maritime Midstream Partners LP (NAP) on Wednesday reported fourth-quarter profit of $9.1 million. On a per-share basis, the company said it had profit of 44 cents. The operator of contracted crude oil tankers posted revenue of $25…
Norfolk Southern Railway has announced disappointing financial results, and a cost-cutting plan that could eliminate two thousand jobs over the next four years. Norfolk has assured shareholders that despite weak carload volume and tumbling…
Chris Fisher, Port Director & CEO of the Port of Beaumont, announced that John Roby, Director of Corporate Affairs, plans to retire in early February 2016.Roby, 61, joined the port in 1979 after working in the media and advertising in Southeast Texas…
Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 2,158,254 tons in January, a decrease of 22 percent compared to a year ago. Loadings at U.S. ports were down 21 percent. Shipments from Canadian ports in the Seaway dipped 31 percent.
Press release - Record container volumes headlined all-round freight growth at leading French port Marseille Fos in 2015, when total cargo rose 4.1% on the previous year to 81.7 million tonnes. Meanwhile the best ever cruise numbers took passenger throughput to a new peak…
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address…
The Montreal-based Canadian National Railway (CN) reported a higher fourth-quarter profit and raised its dividend, bucking a weak trend among major North American railroads. However, it has given an uncertain but far rosier outlooks for…
CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean. CMA CGM presented its new strengthened services offer linking the Reunion Island during the inauguration of the Group’s new offices…
Yvonne van der Laan will commence her duties as Director of Process Industry & Bulk Goods at the Port of Rotterdam Authority starting February 1, 2016. Van der Laan will succeed Bas Hennissen, who left in 2015. She brings to the role more…
Continuing support from key markets across Asia helped Contship Italia Group, the leading container terminal and intermodal transport operator in Italy, to report a steady set of results for 2015.Contship Italia Group terminals handled a total of 6…
Liquefied natural gas (LNG) price from Norwegian company Statoil ASA for Lithuania is set to fall by more than one-third and the Klaipeda LNG terminal's maintenance costs are to decline by around 23% after Lithuania's gas trade company Litgas…
The Maharashtra state government has given approval to its comprehensive Maharashtra Port Development Policy for creating better facilities around 720 km coastal region of the state. A decision to constitute the Maharashtra Port Connectivity…
Brazilian mining company Vale SA may reopen its iron ore and coal port, Port of Tubarao, near Vitoria, reports Reuters. Vale, the world's largest iron ore exporter, said the order came from Brazil's Federal Regional Tribunal. The injunction gave Vale…
