Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of $26…
A $67 million waterfront expansion concluded at the Port of Oakland this month, as TraPac marine terminal opened its newest vessel berth to arriving container ships.The milestone signals completion of a 2-year project at Oakland’s second-largest…
Modern American Recycling Services, Inc. (M.A.R.S.),a leader in the scrap recycling industry, completed a transaction acquiring World Marine, LLC on January 22, 2019. The acquisition includes World Marine’s Alabama facility in Mobile, boasting over 4…
Vigor has announced the addition of Jackie O’Brien to Vigor’s leadership team. As EVP of Strategy and Business Development, O’Brien will report directly to the CEO and play a key role in driving the development and execution of Vigor’s growth strategy as a leading industrial company…
Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director…
The Swedish Club has reported that on January 23, 2019, S&P Global Ratings raised its insurer financial strength and issuer credit ratings on The Swedish Club to A- with stable outlook.S&P reported that through disciplined underwriting and strong…
Following the Port Reform Agreement that was signed on December 2018 - Haifa Port Company, the operator of all current terminals in Haifa Port, reports a total throughput of 26,264,000 metric tons and 1,464,000 TEUs in 2018, and it continues…
Roxtec reports that it has more than doubled its fire resistance testing capacity, opening in Sweden a new laboratory that creates conditions for continuous development of safety products.The fire lab is located at the Roxtec headquarters in Karlskrona…
CIMAC’s Vice President Axel Kettmann died on Monday at the age of 62 after a serious illness. The association has lost a companion who was extremely committed to the interests of the industry for many years, advancing many important topics.Axel Kettmann…
Dubai-based port operator DP World says it has acquired additional assets in DP World Australia (DPWA), giving the firm a majority stake in its Australian terminals.The percentage of what has been acquired from Gateway Infrastructure Investments…
Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) last week.Before his appointment as the Chairman of SLPA, Kavan Ratnayaka served…
Singapore has introduced two initiatives for the maritime industry - the Singapore War Risks Insurance Conditions (SWRIC) and the development of an inter-operability framework for electronic trade documents for the maritime and trade industries…
The Northwest Seaport Alliance’s total monthly container volumes for December reached 349,055 twenty-foot equivalent units (TEUs), a 11.6 percent increase over the same month last year.Total import volumes were up 20.2 percent at 159,550 TEUs…
Commissioner Michael “Mike” Jugovich was appointed by the St. Louis County (SLC) Board to complete the remaining term of former Commissioner Pete Stauber on the Duluth Seaway Port Authority Board, effective January 8, 2019.Jugovich has held many positions over the years…
The American Association of Port Authorities (AAPA) has announced that Steven M. Cernak, P.E., PPM, the CEO and port director for Port Everglades, has been selected as AAPA’s 2019 Cruise Award recipient.AAPA’s Cruise Award is presented biennially…
