Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels…
Odfjell Terminals entered into an agreement with Koole Terminals B.V. of the Netherlands (Koole) to sell its 100% ownership of Odfjell Terminals Rotterdam (OTR).The sale will generate USD 100 million of cash proceeds to Odfjell. Odfjell announced that the transaction has closed…
The global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.Blockchain technology is a cryptographically managed, distributed ledger system offered by vendors such as IBM…
The Georgia Port Authority (GPA) has unveiled a $2.5 billion plan to expand the capacity at the Port of Savannah to 8 million TEUs by 2028.GPA Executive Director Griff Lynch at the Savannah State of the Port detailed GPA’s 10-year, $2.5 billion…
Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation on a global scale.By deploying the C3 IoT Platform globally on Microsoft Azure…
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.The rig has also been awarded a contract…
This year has seen record-breaking performance at APM Terminals Gothenburg and the return of major shippers and consignees to the terminal. Progress is set to continue as efficiency increases through automation, including self-service gates…
Norway based dry bulk shipping company Golden Ocean Group Limited IGOGL) has announced that Ulrika Laurin and James O'Shaughnessy have been elected as new board members.Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-Atlantic Steamship Co…
Noble Corporation has announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean) in connection with a concurrently awarded drilling contract.Noble paid $33.75 million of the $93.75 million purchase price in cash…
The U.S. Merchant Marine Academy at Kings Point (USMMA) will celebrate 75 years since initial dedication in 1943, at homecoming this weekend. Events scheduled include a 75th anniversary dinner, the season’s first home football game for the 2-0 Mariners…
Edward Anthony DeNike, president of SSA Containers, a division of Carrix, received the 2018 Connie Award presented by the Containerization & Intermodal Institute (CII) in Long Beach, Calif., on Tuesday. DeNike was honored for his contributions…
Bernhard Schulte Shipmanagement (BSM) has relocated to a new, larger Singapore office in the Republic’s Central Business District.The new premises now house Bernhard Schulte, the group’s ship owning arm, alongside with BSM, the third-party ship manager and MariApps…
Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale.China, the world's biggest consumer of the steelmaking ingredient…
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.Between May and August, which is normally a season with fewer gas exports…
The Board of Commissioners of the Port of New Orleans (Port NOLA) and the Board of Directors of the New Orleans Public Belt Railroad Corporation (NOPB) approved separate resolutions authorizing nonbinding Cooperative Endeavor Agreements between Port NOLA…
