German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103…
Fincantieri and Naval Group signed the Alliance Cooperation Agreement, which sets out the operational terms for the incorporation of a 50/50 owned joint venture.The agreement embodies the contents of the “Poseidon” project” and paves the way…
After a slow start due to ice conditions, St. Lawrence Seaway cargo surged in May fueled by grain and iron ore exports and shipments of road salt. According to the latest numbers, cargo shipments from March 22 through the end of May totaled 8…
Allianz Global Corporate & Specialty SE (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton…
Top Chinese grain trader COFCO is in talks about buying a shareholding in a grain export terminal in the Russian port of Novorossiysk as part of its expansion in Europe, sources said on Friday.COFCO is understood to be in talks about buying…
A new report from the Massachusetts Port Authority (Massport) shows the Port of Boston contributed $8.2 billion in economic activity in 2018, up from $4.6 billion in 2012.Smart investments and partnerships have led to growth in jobs, business revenues…
MacGregor, part of Cargotec, and Kongsberg Maritime have entered into an agreement where MacGregor will deliver an automated mooring system for the world's first autonomous container ship, Yara Birkeland.This will enable mooring operations to…
TOTE Maritime Puerto Rico (TMPR) is enhancing its fleet with 220 containers chilled by the industry’s only natural refrigerant-based system, the NaturaLINE unit from Carrier Transicold. TMPR is the first shipping line to place a sizable quantity of NaturaLINE units into service on U…
South Carolina Ports Authority (SCPA) officials celebrated the expansion of the Frontier Logistics local operations, with the groundbreaking of an approximately 550,000 square-foot warehousing facility, which will support the handling of plastic and resin exports from the Port of Charleston…
Southampton, United Kingdom: It has been quite a few years since I last touched down in the UK; longer still for a visit on a maritime business trip. And, I don’t cross 'the big pond' casually for one these events. This morning, Seawork 2019…
Bermuda-based Nordic American Tankers Limited (NAT) said in a press release that the last 12 months have been the busiest period for the international tanker company.Sale of 10 suezmax vessels and delivery of 3 new suezmax units took place in…
The Port of Sines, a first largest artificial port of Portugal and a deep water port, has received a delegation from the Yantian Port, accompanied by the Embassy of the People’s Republic of China in Lisbon.Aiming at discussing cooperation possibilities between the two ports…
German-based cargo container shipping line Hapag-Lloyd AG's shareholders approved the proposal of the Supervisory Board to re-elect Michael Behrendt to the Supervisory Board as a shareholder representative.After being re-elected to the Supervisory Board and following the AGM…
The SMS Group, a Southampton, UK-based ship repairers and marine engineering services provider, has partnered with the Shoreham Port Authority to provide dedicated alongside ship repair wharfage, and to increase awareness of its Adur dry dock facility…
The Port of Los Angeles moved 828,662 TEUs in May, the busiest May in the Port’s 112-year history. The volumes reflect growth of 7.8 percent compared to last May.For the first five months of 2019, Port volumes have increased 5.2 percent compared to the same period last year…
