Amoil has appointed Alexandros Margaritis as Managing Director as of January 1, 2020.Margaritis brings 14 years of industry experience and has held previous positions in Singapore and Dubai respectively.Amoil was established in 1984 as the first…
The Port of Savannah moved 363,000 twenty-foot equivalent container units in November, a 5.4 percent increase over the same month last year, or an additional 18,460 TEUs.For the fiscal year to date (July-November), the Georgia Ports Authority has handled nearly 2 million TEUs…
Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution…
0.0%, no change in US imports of steel goods from Brazil despite quotaIn the first ten months of the year, the US imported 3.9 million tonnes of steel goods from Brazil, the same as was imported in the first ten months of 2017, despite the US…
CME Group on Thursday said it would add two more delivery points for its WTI Houston crude futures contract, pending regulatory review, as it seeks to provide customers with additional options to hedge physical price risk.* Beginning with the March 2020 contract…
All Hamburg Süd customers can use the new Remote Container Management (RCM) technology for their reefer container shipments. RCM monitors parameters such as temperature, relative humidity, and the concentrations of O2 and CO2 within the reefer container in real time…
The opening of the Port Said tunnel, under the Suez Canal just south of Port Said last week is an important piece of the jigsaw required to position the Suez Canal Container Terminal (SCCT) as Egypt’s primary gateway terminal.Construction of the twin-tubed…
OceanPro by Maersk, the first of its kind startup accelerator within the shipping and logistics industry, announced the graduation of its second cohort of start-ups showcasing the artificial intelligence (AI), machine learning (ML) led solutions developed by them over the last 120 days…
Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals, has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.Following the delivery of the vessels…
Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding…
China-based Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port, for US$59m.Abu Dhabi Terminal is a joint venture company established in the United Arab Emirates…
Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $3 million for the third quarter of 2019. This compares to net income of $14.8 million and net income attributed to common stockholders of $13…
Extending their partnership with a contract for fourth-party logistics (4PL), Maersk and Syngenta highlight their joint commitment to responsible logistics based on continuous supply chain optimization and innovation.As a player in the agrochemical industry…
The city council of Rotterdam has adopted the revised Port Vision. The creation of economic and societal value and realizing sustainable growth form the core of the revised Port Vision.The revised Port Vision was approved by the Port of Rotterdam Authority’s Supervisory Board earlier this year…
In a signed declaration, the Nordic ports have agreed to cooperate, exchange information and share approaches in a number of areas relating to the environment and climate. The Port of Gothenburg has joined a collaboration with ten other Nordic ports…
