Latest News - page 1098

 

Crowley’s New U.S. to Cuba Express Shipping Service

Jul 27, 2017

Crowley Logistics' new U.S.-Cuba Express shipping service for approved donated goods from South Florida to Cuba features at least three sailings per month, fast 16-hour transits and delivery at destination.Individuals can ship non-commercial gift parcels that meet particular requirements…

Matson to Start U.S. Flag Marshall Islands Route

Jul 27, 2017

Matson has announced that it will introduce a new direct U.S. flag service between Honolulu and the Republic of the Marshall Islands ('RMI') that will shorten cargo transit times to the RMI from the U.S. mainland by as many as eight days.   The…

Hyundai Merchant Marine Seeks USD 8.9 bln from KDB

Jul 26, 2017

Hyundai Merchant Marine (HMM) requested the Korea Development Bank (KDB) to support with a total of 9.9 trillion won (US$8.9 billion) in funds until 2022  to grow into the 8th largest global shipping company in the future, Business Korea reported…

Japan Bank Finances Danish Shipper

Jul 26, 2017

The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in syndicated loans with French bank BNP Paribas to help a major Danish shipping operator’s unit buy cargo vessels to be built by leading Japanese shipbuilder Imabari Shipbuilding…

Navios Group Rolls Out Containers Division

Jul 26, 2017

Navios Group has  launched Navios Containers, a vehicle dedicated to the container sector. Navios Containers has the right to acquire all containerships offered to the Group, said Angeliki Frangou, Chairman and Chief Executive Officer. Navios…

Bynum Elected Harbor Commission President

Jul 26, 2017

Egoscue named Vice President of Port's governing Board. The Long Beach Board of Harbor Commissioners elected Lou Anne Bynum as its new Board President and Tracy Egoscue as Vice President on Monday, July 24, in the annual selection of Board Officers…

U.S. DoD Awards Crowley $2.3 Billion Transport Deal

Jul 26, 2017

Following a series of protests and subsequent legal challenges, the U.S. Transportation Command (TRANSCOM), a command of the U.S. Department of Defense (DOD), this week confirmed a large, multi-year contract award to Crowley Logistics, Inc.…

Japanese, US Coast Guard Train at Resolve Maritime Academy

Jul 26, 2017

Last Friday, Resolve Maritime Academy hosted over 30 Japanese Maritime Self-Defense Force (JMSDF) sailors and members of the U.S. Coast Guard, at their training facility in Port Everglades for an international fire safety and damage control training…

Diana Containerships Announces Reverse Stock Split

Jul 26, 2017

Diana Containerships has announced that its Board of Directors (the “Board”) has determined to effect a reverse stock split of the company’s common shares, par value $0.01 per share, at a ratio of one-for-six.  The company’s shareholders…

Is China Shipbuilding Sinking into Tough Waves?

Jul 25, 2017

The world’s largest shipbuilding nation China is facing some tough years ahead as new-vessel orders weaken and order backlogs decline, Caixin reported quoting China Association of the National Shipbuilding Industry (CANSI). According to the industry association…

ReCAAP, OCIMF Sign Asian Anti-Piracy MoU

Jul 25, 2017

The safety of navigation is vital to the safety, security and economic activities of all stakeholders traversing sea routes in Asia—the region with some of the busiest seas in the world.  Recognising this shared interest, the Regional Cooperation…

Abu Dhabi Ports: No Immediate Plans for a Listing

Jul 25, 2017

Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. 'There are no immediate plans to go public,' Mohamed Juma al Shamisi said when asked if…

A Location Strategy for Funding Port Infrastructure

Jul 25, 2017

“When you've been to one port, you've been to one port.” So goes a saying exemplifying the understanding among the maritime community that every port is inherently unique. Each port has an exceptional identity and, likewise, an exceptional way in which its problems must be presented…

Samskip Scoops up Nor Lines

Jul 25, 2017

European multimodal transport provider Samskip said it will acquire activities associated with Nor Lines AS, marking a major expansion of its shipping, transport and logistics businesses in Norway.  Subject to approval by Norway’s competition authorities…

Crowley Offers 12 Weeks Fully Paid Parental Leave

Jul 25, 2017

Facing medical needs with a newborn boy this spring, Crowley Maritime Corp. employee and father Ezra Clark is taking advantage of a new benefit for employees that is uncommon in American business: 12 weeks of fully paid parental leave. “It…

Logistics News

Nakilat Increases Annual Net Profit by 3.1%, Delivering $460m in FY2025

Nakilat Increases Annual Net Profit by 3.1%, Delivering $460m in FY2025

Shipping Companies Mull Return to Suez Canal

Shipping Companies Mull Return to Suez Canal

Inland Port Dillon Posts Highest Rail Container Moves in 2025

Inland Port Dillon Posts Highest Rail Container Moves in 2025

Xeneta Warns Unpredictability Could Hurt Ocean Supply Chains as CMA CGM Reverses Red Sea Return Decision

Xeneta Warns Unpredictability Could Hurt Ocean Supply Chains as CMA CGM Reverses Red Sea Return Decision

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