As part of growing informal partnership between the two militaries, the navies of China and Russia plan to hold joint drills in the Mediterranean Sea for the first time in mid-May, China's Defense Ministry stated. The 'Joint Sea 2015' exercises will feature nine surface ships…
American corporation XPO Logistics, led by multi-millionaire Bradley Jacobs, agreed to acquire French transport services and global logistics solutions provider Norbert Dentressangle, led by multi-millionaire Norbert Dentressangle, for US$3…
South Korea's Hyundai Heavy Industries has won the Gazprom Flot tender for the construction of the Kaliningrad floating LNG terminal, Gazprom said. It will build a floating liquefied natural gas terminal in the western Russian city of Kaliningrad for $295 million…
Hornbeck Offshore Services completed the sale of three supply vessels to the U.S. Navy, helping boost profits in the first quarter even as low oil prices put pressure on revenues. In February, the Navy agreed to buy three supply boats from Hornbeck with an option to purchase a fourth…
Euronav delivered its best operating profit in seven years, with a 182 percent improvement, and a USD 80.8 million net profit, thanks to the 15 VLCC supertankers the company acquired from Maersk. Core profit rose 180 percent in the first quarter to $131…
Nearly 5,000 NATO troops would take part in anti-submarine warfare exercises off its coast in early May, amid growing regional unease over suspected submarine sightings, Norwegian military said. Submarines, surface ships and aircraft will operate in the exercise…
UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit)…
Greece will proceed with the sale of stakes in strategic assets such as the port of Piraeus, says a report in Bloomberg. The Hellenic Republic Asset Development Fund, which sells real estate, infrastructure and other government holdings…
The Landing School has developed five scholarships totaling $80,000 for students who wish to have a career in the marine industry but struggle to meet educational financial obligations. These scholarships have an application process where…
Rickmers Group reports that a representative of its company today has been allowed to board the seized container vessel Maersk Tigris, following an urgent request to Iranian authorities. The seized ship, managed by Rickmers Shipmanagement (Singapore)…
CWind, a provider of services to the offshore wind industry, has once again won the RoSPA Occupational Health and Safety Gold Award. The Gold award in the annual scheme run by the Royal Society for the Prevention of Accidents (RoSPA) recognizes…
Industry leaders examine trade trends for 2015 and beyond Experts from across the goods movement industry spoke at the 11th annual “Pulse of the Ports: Peak Season Forecast,” an event hosted by the Port of Long Beach that drew 600 people…
The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea. 13 Danish partners will become frontrunners of the project, which is launched on 1 May…
The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the UK freight and logistics industry to rethink supply chain and services routes…
Following news that a cargo ship was yesterday (28 April) intercepted by an Iranian Revolutionary Guard naval patrol in the Strait of Hormuz, GAC is recommending vessel owners to stay in close contact with already established security centers whilst in the area…
