DP World took advantage of strong market conditions and scarcity value to raise a $1 billion convertible bond with a ten year lifespan on Thursday, in order to fund growth opportunities and diversify its funding sources.The issue is a rare…
‘Europa 2’ made her first appearance in the port of Kiel early on the morning of June 11, 2014. The new Hapag-Lloyd Cruises flagship, arriving from Copenhagen, was greeted in the Kiel Fiord by a water fountain display from a port tug and escorted…
In a speech given at the ASEAN Ports & Shipping Conference in Jakarta, Phillip Emmanuel, Regional Director Asia-Pacific of the freight transport insurance specialist TT Club, called for operators to do more to minimize preventable accidents that result in bodily injury…
A strike by port workers at Rosario, Argentina's biggest agricultural export hub, has been suspended, thanks to a government attempt to resolve a disagreement over wage hikes, a local business group said.The protest, which was holding up…
On the 21st May, Trelleborg hosted a group of 50 PIANC Young Professionals in a visit to their Ridderkerk facility in the Netherlands, for a full factory tour and a series of presentations. The group enjoyed a presentation by Trelleborg Marine Systems’ EMSA Director…
After a 7-year hiatus in reauthorizing new U.S. water resources legislation, the American Association of Port Authorities (AAPA) says it commends President Obama for officially signing the 2014 Water Resources Reform and Development Act into law…
The Panama Canal Authority (ACP) informs that the second shipment of four rolling gates for the Third Set of Locks to the waterway's Atlantic side has arrived from the Port of Trieste, Italy, on board the semi-submersible vessel 'STX Sun Rise'…
European Sea Ports Organisation (ESPO) says it welcomes the recent decision of IMO’s Maritime Safety Committee (MSC) that containers must be weighed before being stowed on board ship; however it stresses that the weighing of containers should not burden port handling activities…
The U.S. Coast Guard (USCG) announced that there have been changes in estimated time of arrival (ETA)and estimated time of departure (ETD) times for some InfoPath Template 6.2.2 users after their XML file has been submitted for processing to the National Vessel Movement Center…
Global Container Terminals (GCT) has announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June, 2014. Devine’s retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations…
The United States Merchant Marine Academy (USMMA) at Kings Point informs it recently hosted a ribbon cutting ceremony to celebrate the completion of Mallory Pier. The pier was completely reconstructed as part of USMMA’s overall $71 million dollar Capital Improvement Plan…
Bechtel says it announced the results of its research at the PIANC World Congress in San Francisco, confirming that in restricted waters, the wash from passing ships can exert large forces on moored vessels, mooring lines and fender loads, creating dangerous conditions…
Unions representing members working for Seaspan, one of the two tug companies serving the port of Vancouver, are meeting today and tomorrow, June 3 and 4, to vote on whether to take strike action, GAC reported in its daily Hot Port News report…
The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks.The Executive Vice President of Operations Esteban Saenz reported that…
Valletta Cruise Port plc the operator of the Valletta Cruise Terminal and of the Valletta Waterfront announces the appointment of Stephen Xuereb as the Chief Executive Officer of the Group with effect from June 1, 2014. Xuereb succeeds John…
