The diversified holding company HC2 Holdings announced that it is exploring strategic alternatives, including a potential sale, for its Global Marine Group (GMG) subsidiary.As part of this process, Global Marine Holdings, a leading provider…
The board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multi-million-dollar deal.Transnet, which operates nearly three-quarters of the African rail network…
China's customs says it has introduced a new system designed to speed up customs clearance for some imported mineral ores, including iron ore, at the country's ports.The mineral cargoes can now first be unloaded from vessels and moved to a laboratory for inspection…
The St. Lawrence Seaway Management Corporation (SLSMC) has announced that its unionized employees, members of UNIFOR, ratified a three-year labor agreement covering the period of April 1, 2018 to March 31, 2021.Terence Bowles, President and CEO of the SLSMC…
A new set of toolkits to assess and address emissions from ships and ports is now available from the International Maritime Organization (IMO), the global regulatory body for shipping.The Ship Emissions Toolkit and Port Emissions Toolkit have…
APM Terminals have reached agreement to divest its container terminal in Izmir, Turkey to its current partner SOCAR.As part of the sales agreement, APM Terminals will continue managing the terminal, ensuring that needs from both shipping lines and landside customers are catered for…
Mark Johnson, a transactional lawyer and former naval officer and ship captain, has joined Haynes and Boone, LLP as a London partner in the firm’s Shipping Practice.Johnson has extensive experience advising on the construction, sale and purchase…
The European Commission approved on Friday the expansion of a Danish scheme to tax shipping companies on their tonnage, the EU executive said in a statement.Under the so-called tonnage tax schemes, shipping companies pay taxes on the basis of…
The Transport Committee of the European Parliament adopted earlier this week the final report on the Port Reception Facilities and gave a mandate to the Rapporteur Ms Gesine Meissner to start negotiations with the Council and the EU Commission to finalise the text of the new directive…
As the Emirates Maritime Center (EMAC) is establishing roots within the maritime industry as a pivotal service provider for specialized arbitration and mediation within the Middle East region, the institute continues its obligation to ensure…
Australia's competition regular on Monday said that Port of Newcastle Operations Pty Ltd (PNO) must reduce its charges for ships entering the port to carry coal for global miner Glencore.The Australian Competition and Consumer Commission determined…
BW LPG Limited (BW LPG) announced that it has withdrawn its proposal to combine with Dorian LPG Ltd. (Dorian). BW LPG will also withdraw the candidates it previously intended to nominate to stand for election to the Dorian board at Dorian’s 2018 Annual Meeting of Shareholders…
While waiting for the new Vessel General Permit (VGP) to be finalized, operators must file a Notice of Intent with the U.S. Environmental Protection Agency (EPA) prior to December 18, 2018 in order for vessels to continue to operate under their current VGP also after this date…
Norway-based bulk ship operator Belships has signed a merger plan with the Lighthouse Companies.Belships ASA has announced a merger between certain subsidiaries of Kontrari (the Lighthouse Companies) and one or more subsidiaries of Belships with consideration in Belships shares…
South Korea's large family-owned business conglomerate SK Group is planning to get out of shipping by offloading shipping subsidiary SK Shipping Co., on account of the debt burden amid an industry slowdown.According to a report in the Pulse…
