Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project. Terms and investment amount were not disclosed. The MOU will create…
Swiss Shipping Line and Africa Car Carrier announce the starting up of their joint venture company under the name 'Blue Alliance Shipping.' Blue Alliance Shipping pools resources and many years of experience of the founding companies which combine their activities in the US-East Coast…
Jason Paulson has been named the new facilities manager at Duluth Seaway Port Authority, where he will serve as a liaison with tenants, service and governmental agencies, private contractors and other property users to derive safe and efficient use of Port Authority-owned land…
The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President…
Wells Fargo Securities says that headwinds face global shipping industry and the continued overcapacity means freight rate gains are less likely to stick. 'Given the continued overcapacity headwinds and easing containerized trade demand…
Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels. Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0…
David MacBrayne Ltd (DML) and global logistics firm GBA (Holdings) Ltd, operating as Solent Gateway Ltd, have won a contract to run one of the UK’s busiest military ports as part of a joint venture. The Gourock-based firm has been awarded…
International engineering and project management consultancy firm Royal HaskoningDHV is leading a multi-disciplinary team in developing a sustainable coastal protection strategy to reduce flood risks for the cities of Tacloban and adjacent Palo in the Philippines…
Maersk Line, the world's largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down. The business…
Rickmers Group will migrate to multiband VSAT (Very Small Aperture Terminal) from Marlink Maritime VSAT for its fleet of 90+ vessels including containerships, bulk carriers and heavy lift vessels, in a move that aims to improve operational…
Intelsat S.A., a provider of satellite services, and SKY Perfect JSAT Corporation has announced that the two companies have signed a definitive agreement to form a joint venture that will launch a new satellite with optimized C-band and high…
The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October. The two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy…
Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management…
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21…
Inchcape Shipping Services (ISS), the marine, cargo and supply chain solutions provider, said it is continuing its expansion program in the Black Sea region with the opening of a new office in Ukraine.Situated in Odessa, this new base is…
