Magnate Worldwide appointed Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries.As CEO of Magnate Worldwide, Fornari will assume overall responsibility for the strategic direction…
The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said…
Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52.5 million.The containership is chartered out at a net rate of $26…
German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company…
The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based…
Celebrations in Wismar: Twelve apprentices – six construction mechanics, four plant mechanics and two manufacturing mechanics – from Wismar, Rostock and Stralsund received their certificates of completion today. The young men have just completed three and a half years of vocational training…
SeaCube Container Leasing International has been awarded indefinite-delivery/indefinite-quantity, firm-fixed-price contracts for leasing and transportation of intermodal container equipment. Performance is from March 1, 2019, to Feb. 29, 2020…
Huntington Ingalls Industries’ Newport News Shipbuilding division hosted a ribbon-cutting ceremony on Wednesday for a new home company volunteers built in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg. The company also broke ground on its 17th joint project…
A new Internet of Things platform has been developed for the Port of Rotterdam Authority.The first application for hydro/meteo has recently been put into operation. With this application, the Port of Rotterdam is taking safety and efficiency a step further…
South Korean carrier Hyundai Merchant Marine (HMM) announced that it has acquired joint ownership of PSA Hyundai Pusan New-port Terminal (PHPNT) in Busan.Yuanta HPNT, a company jointly established by the shipping liner and Singaporean shipping company PSA…
South Carolina Ports Authority celebrated the dedication of a new headquarters building at the Wando Welch Terminal with its Board of Directors, local leaders, business partners and employees.The Ports Authority, which owns and operates public seaport facilities in Charleston and Georgetown…
Pacific Green Technologies has announced the appointment of Iain Lees as Chief Operating Officer to support company growth initiatives around proprietary emission control systems for marine vessels.The owner of the ENVI-Marine and ENVI-Clean…
Survitec opened a new service and distribution hub in Singapore.The complex in Singapore’s Sembawang district covers a 7,153 cu. m. area, of which 1308 cu. m. is outdoors. With more than 200 personnel, it is Survitec’s largest service and distribution center globally…
Sweden’s Stena and Bermuda-registered Stolt-Nielsen are reviewing their UK-registered ships ahead of Britain’s departure from the European Union, the two leading transport companies told Reuters separately on Wednesday.'In the light of the Brexit…
In the quarter of a century since its formation in 1994, ballast water treatment (BWT) specialist Optimarin has never experienced a year quite like 2018.The Norwegian headquartered firm has revealed that the previous 12 months saw it sell more than 100 systems and achieve record revenues…
