Supply chain management and freight forwarding services provider DAMCO, part of A.P. Moller – Maersk, has announced the appointment of Ashutosh Dixit as CEO for India, Bangladesh and Sri Lanka (IBS) effective from June 15, 2018.A seasoned executive…
Deutsche Bank is selling a $1 billion portfolio of legacy shipping loans to an entity owned by funds managed by Oak Hill Advisors and Varde Partners, it said on Tuesday.Reuters reported last week that the sale of the portfolio was imminent,…
Railport Antwerp, a joint initiative by Antwerp Port Authority, the Left Bank Development Corporation and the industry associations Essenscia Vlaanderen and VOKA-Alfaport, is to expand its activities. The company will actively serve rail transport in the port…
The American Caribbean Maritime Foundation (ACMF) announced it received a contribution of $150,000 from Mr. and Mrs. Roland Malins-Smith. Mr. Malins-Smith, now retired, is founder of SeaFreight Line Ltd. which was acquired by Crowley in 2015…
Port Houston’s senior director of trade development John Moseley has been appointed to succeed retiring chief commercial officer Ricky Kunz.Moseley, the port’s senior director of trade development since 2010, will take the lead in developing and executing Port Houston’s commercial strategy…
The Bellona Foundation and Carnival Corporation & plc have signed an agreement to work together to continue improving environmental and sustainability impact. The newly formed cooperation is based on the two parties’ shared vision of an even…
Crowley Maritime Corporation recently received a Humanitarian Award from Seamen’s Church Institute (SCI) for its relief efforts in Puerto Rico following Hurricane Maria.The award, which was accepted on the behalf of the company’s Puerto Rico employees by Tom Crowley…
Hannibal, Contship Italia Group's multimodal transport operator, has launched a second rail link to Switzerland on July 2, 2018. The new daily connection to Zurich (Niederglatt) complements the existing link to Basel (Frenkendorf), which is also served daily…
A major global marine terminal operator has OKd a new Port of Oakland lease that runs through 2027. The agreement includes options that could keep SSA Terminals (Oakland) here to 2042. The Port today characterized the deal as validation for the city’s maritime future…
Dorian LPG announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from Norway's BW LPG, the world's largest liquid petroleum gas shipper, to combine with Dorian in a stock-for-stock transaction. After a thorough review…
Monaco-based container ship company Navios Maritime Containers has filed with the SEC to raise up to $100 million in an initial public offering. The information of IPO was originally provided by the IPO investment manager Renaissance Capital…
The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal. The fourth biggest port operator globally…
The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million. Noble said in a press annoucement that its indirect wholly-owned subsidiary…
The International Marine Contractors Association (IMCA) has appointed Bruce Gresham as director for client engagement in the U.S., in a part-time consulting role. He will support the association in developing and expanding its engagement with oil companies and the broader industry in the U…
New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo…
