Mergers and acquisitions activities for shipping carriers are expected to slow down in 2018, and instead will likely to pivot to freight forwarders, where the industry can expect to see an increase in M&A talks, says online freight forwarder iContainers…
Ceva Logistics aims to list on the stock exchange before the European summer as its private equity owner Apollo hopes to take advantage of buoyant stock market valuations, people close to the matter said. Apollo is working with Rothschild…
Ivory Coast cocoa exporters said on Monday they were struggling to purchase enough beans to satisfy export contracts due to a sharp and unexpected drop in deliveries to the top grower's ports. Weekly port arrivals fell to 22,000 tonnes last week…
MMA Launches Third Graduate Degree, M.S. Maritime Business Management. The Massachusetts Maritime Academy has announced the launch of their third Graduate Degree, the Master of Science in Maritime Business Management. The MSMB program MMA…
Singapore Technologies Engineering Ltd (ST Engineering) announced the appointment of Russell Tham as President, New Enterprises and Ventures, effective March 19, 2018. In this newly created position, Russell will drive the expansion of the…
In line with the Nordic gas ecosystem, Gasum will be setting up heavy duty gas stations. The aim is to establish a tank infrastructure that meets the heavy transport segment's needs for rational logistics and accessibility. These establishments…
Transshipment operations at the Port of Colombo in January have shot up significantly copmared to January of last year according to Sri Lanka Ports Authority.Aa against 362,451 transshipment TEU operations in January 2017, together with the JCT…
The Federal Government of Nigeria is set to automate all shipping related administrative processes in order to reduce subjectivity and corruption, thereby promoting transparency in the Nigerian maritime industry. This was the consensus reached…
On a route with direct competition from LoLo carriers, WWL is shipping power generation components from Brazil to a hydroelectric power plant in Chile.Chile’s electricity system depends mostly on thermoelectric and hydroelectric power, and…
The body of the missing crew member was located by the Department of Fire and Emergency Services (DFES) Dauphin helicopter at 12.30 pm AWST yesterday, and recovered by Fremantle Water Police.AMSA detected a distress beacon at 11.45 pm AWST…
The United Arab Emirates (UAE) condemned Djibouti’s cancellation of DP World’s contract to run the Doraleh Container Terminal, calling it an “arbitrary” flouting of a signed agreement, said a report in Bloomberg. Media reports yesterday…
Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million). The earnings per share attained in 2017 was QR 1.53…
Singapore-based offshore shipbuilder Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company and stave off liquidation. According to a report in the Straits Times, crippled with a debt of US$877 million (S$1…
Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Award from the Maritime and Port Authority of Singapore (MPA) for the port development project Tuas Terminal Phase II in Singapore, also referred to as Tuas Terminal Finger Pier 3…
The International Transport Workers’ Federation's (ITF) expanded Fair Practices Committee Steering Group (FPC SG) met and approved the terms of the new International Bargaining Forum (IBF) on 23 February 2018 Agreement. In this it highlighted the new terms agreed in Article 4…
