Japanese shipping firm Kawasaki Kisen Kaisha Ltd (K-Line) was convicted of criminal cartel conduct and ordered to pay a A$34.5 million ($23.50 million) fine by a federal court, Australia's competition regulator said on Friday.K-Line’s fine is…
Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners.'PSA International Pte Ltd concluded the purchase of the terminal…
The global port operator DP World has accused the government of Djibouti of “complete disregard and contravention” of the global legal system as it plans to rule all international adjudications on the Doraleh Container Terminal null and void…
ZIM has announced a new service between Mexico, Caribbean and Central America, commencing on the second half of August, with the following rotation:Veracruz-Altamira-P. Cortes-Santo Tomas-Kingston-Rio Haina-San Juan-Kingston-Veracruz ZIM will operate 3 vessels in a weekly…
Huntington Ingalls Industries (NYSE: HII) reported second quarter 2019 revenues of $2.2 billion, up 8.3% from the second quarter of 2018. The increase was driven primarily by growth at HII’s Technical Solutions division from recent acquisitions…
From August 1, 2019, GAC Sweden takes over the ship agency activities of SwedAgency AB throughout the country, in a move that will boost its operational presence in and around the capital Stockholm and extend its reach to Oxelösund.The transfer…
ABB has won a contract to supply ABB Ability Remote Diagnostic Systems for Marine to eleven Sovcomflot vessels operating in the Arctic and Russia’s Far East, helping optimize safety and performance through 24/7 remote support.Sovcomflot’s vessels will be among over 1…
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group ASA. Cargotec announced in February 2018 an agreement to acquire the businesses for an enterprise value of approximately $96 million…
Turkey's Yilport Holding signed a concession agreement with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the Port of Taranto in Italy for the multipurpose terminal.The deal was signed on 30 July 2019, at Castello Aragonese in Taranto…
The Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community—today organized its inaugural Tech and Demo Day, during which it announced the formation of a new Digital Transformation Committee.The association…
Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that the Beluga Ace, the first ship of its 'FLEXIE series' next-generation car carriers, and both the Sunflower Satsuma and Sunflower Kirishima ferries, which are operated by its group company…
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the first quarter of the fiscal year ending March 31, 2020 (April 1, 2019, to June 30…
The outlook for global container port demand is modest growth and numerous uncertainties, but in the face of this, capacity expansion plans are also muted. This means that most world regions will see an increase in average terminal utilization…
Maritime innovator KVH has announced it has joined the Smart Maritime Network (SMN) as one of the founding members of the initiative dedicated to supporting collaboration and standardization in the development of IT systems for the shipping sector…
The Multicargo Terminal (T-MULT) of Complex of Port of Açu, in the north of the state of Rio de Janeiro, received its 100th vessel, after 3 years of operation.The milestone was reached with the arrival of the MV Wu Gui Shan vessel, which unloaded 52…
