DP World, a global provider of smart end-to-end supply chain solutions, welcomed the inaugural calls of the CI6/SIS/CISC2 and SI8/AIS5 service at its Nhava Sheva terminal, strengthening the terminal’s connectivity with key Asian economies and…
India's Adani Ports and Special Economic Zone, the country's largest private port operator, has accepted bids worth 50 billion rupees ($584.8 million) for bonds maturing in 15 years, two merchant bankers said on Thursday.The company will pay an annual coupon of 7…
NOAA’s first Physical Oceanographic Real-time System, or PORTS®, at Pearl Harbor-Honolulu, Hawaii, is now operational. Installed by NOAA's National Ocean Service, data from the new publicly available observation system advances NOAA’s ability…
Adani Ports and Special Economic Zone, India's largest private port operator, plans a return to the domestic bond market after a 17-month hiatus in what could be its largest-ever rupee denominated debt issue, three merchant bankers said on Wednesday…
Ports of Indiana-Burns Harbor has broken ground on the first new warehouse constructed at the Lake Michigan port in 25 years.The groundbreaking kicked off a $10 million project to construct an 84,000 square-foot warehouse and 1.65-acre laydown yard adjacent to Burns Harbor’s Berth 2…
The company Seacap has launched as a new, specialized company designed to make it significantly easier for ports to carry out the investments required for a green and future-oriented infrastructure.It is the first capital partner globally to…
Police have dismantled a cocaine trafficking gang that shipped cocaine paste from Colombia to Belgium, the pan-European Europol police agency said on Tuesday.Europol said the operation resulted in 14 arrests, of which 11 were in Belgium, two in Germany and one in Italy…
Emirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday…
New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments.* The main index, which monitors rates for capesize…
U.S. private equity firm Cerberus Capital Management has expressed interest in acquiring the lease to Australia’s strategically vital Darwin Port, according to a senior executive at Landbridge, the Chinese company currently operating the port…
Panama's Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of 'dark-fleet' tankers to skirt sanctions or evade environmental requirements.The U…
Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some vessels sitting idle.Sovcomflot's…
BAE Systems has announced inauguration of a $250 million shiplift and land-level repair facility at its Jacksonville, Florida, shipyard on June 2, with a ribbon-cutting ceremony attended by Acting Chief of Naval Operations Admiral Jim Kilby…
Ports of Indiana welcomed a delegation led by the Port of Antwerp-Bruges today on a trade mission exploring economic opportunities and new container shipments between the U.S. Midwest and European markets.The day’s events included a tour of Ports of Indiana-Burns Harbor…
