A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand…
A national strike action has been implemented by customs staff, potentially affecting Brazilian Ports from August 19, Inchcape Shipping Services (ISS) is advising. The ‘standard operation’ strike (minimum permitted numbers of staff on duty) is pay-related and currently has no set end date…
Lindsay Pulsifer, general manager of marine maintenance for the Port of Seattle, has been selected as the interim maritime division managing director. Pulsifer will be responsible for directing the strategic and daily operations of maritime environmental services…
COSCO Shipping Company Limited (COSCOL) signed a contract with Shell Offshore Inc. on 6 July 2015, for the transportation of the Appomattox semi-submersible offshore platform hull from South Korea to Ingleside…
Dashing hopes of a quick recovery from the global trade recession earlier this year, world shipping has fallen into a deep slump over the late summer, says a report in the Telegraph. Commodity turmoil could blow the shipping industry off course…
Shipping company Clarksons has published profits of GBP6.2mln, down 36.7 per cent on the first six months of the previous year, citing “severe challenges faced by the dry bulk market” (of unpackaged raw commodities) as the primary cause of the decline…
The direct line shared by the world’s largest shipping companies Maersk and MSC is coming to Israel for the first time – as part of their massive 2M Alliance. Shipping giants MSC and Maersk have signed a cooperation agreement with the Haifa port…
Diana Shipping Inc, a global provider of shipping transportation services through its ownership of dry bulk vessels, has chartered out one of its panamax bulkers - Artemis (76,942 dwt, built 2006) - to China Shipping Bulk Carrier. The gross charter rate is US$7…
The government of Kerala State in India and Gujarat-based Adani Group has signed the work contract agreement for development of the Rs 7,525-crore ($12 billion) Vizhinjam International Deepwater Multipurpose Seaport. On July 15, 2105,…
Industry analyst Drewry believes that the proosed merger between Chinese state-owned companies, Cosco and China Shipping Container Lines (CSCL), could cause a domino effect on existing carrier alliances and further carrier mergers in Asia damaging to industry competition…
Trelleborg’s marine systems operation has launched two new webinars discussing the current state of the port environment, and the opportunities arising for facilities looking to take steps toward more strategic investment and supplier support…
The depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition, says Maersk. Xinhua quoted Tim Smith, chairman…
Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period. The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low rates…
Rescue crews have found 114 bodies, with 95 people still missing, 85 of whom are firefighters, after two huge explosions China’s Port of Tianjin where dangerous chemicals and goods are stored late Wednesday night, Xinhua news agency reports…
Hamad Port welcomed its second commercial carrying the second shipment of cranes which includes four Ship to Shore (STS) Cranes and six Rubber Tyred Gantry (RTG) Cranes, says a report in the Gulf Times. This, along with other key developments…
