The EU Commissioner for transport, Violeta Bulc, visited the Port of Los Angeles as part of a longer mission to the US and Costa Rica on Thursday 27 September.The European Sea Ports Organisation (ESPO) was invited to support the visit and contribute to the roundtable discussion with Violeta Bulc…
Norway-headquartered Knutsen NYK Offshore Tankers (KNOT) has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year period starting in the second quarter of 2020.KNOT is a NYK Group company, in which NYK has a 50 percent share…
Rodolphe Saadé, chairman and chief executive officer of CMA CGM Group and French minister in charge of transport Elisabeth Borne inaugurated ZeBox, a new start-up incubator and accelerator in Marseilles.Initiated by CMA CGM, ZeBox is a human…
No less than 15 shipping companies, many of them top 10 liner companies, have written to Port of Houston Chairman Janice Longoria to reject the latest call for substantial rate hikes on the Houston Ship Channel. Local pilots already earn salaries that approach $500…
The European Shipping industry welcomes the European Commission’s current inspections of ship recycling facilities in order to enlarge the list of approved facilities that will ensure safe and environmentally sound ship recycling.When non EU…
New trading sanctions against Iran and new fuel rules coming in 2020 for the entire maritime sector were the headlines of a seminar hosted by marine insurer North P&I Club yesterday in Dubai at the Taj Dubai.On the topic of sanctions against Iran…
Russia's grain exports are slowing due to tougher quality controls at ports following complaints from major buyers, along with a stronger rouble currency, analysts, traders and an industry lobby said.Russia's food safety watchdog beefed up quality…
Swedish-Swiss multinational corporation ABB has completed its acquisition of intrion, with the aim of boosting its expertise in fast-growing logistics automation market.intrion is a privately owned company headquartered in Huizingen, close to Brussels…
Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington…
Diana Shipping announced the pricing of a US$100 million private placement of senior unsecured bonds maturing in September 2023 and callable beginning three years after issuance.In addition, the global shipping company specializing in the ownership…
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company…
Calgary-based natural gas, electrical and real estate giant ATCO is getting into the transportation business after buying a 40-per-cent stake in a South American port operator Neltume Ports for about CAD$450 million (USD$340 million).Neltume Ports…
Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the…
DP World said on Tuesday it would continue to pursue all legal means in its dispute with the government of Djibouti which seized a port terminal operated by the company earlier this year.Djibouti this week nationalized shares held by the Port of Djibouti in the Doreleh Container Terminal…
The classification of certain potentially hazardous cargoes is on the agenda of the International Maritime Organization (IMO)'s Sub-Committee on Carriage of Cargoes and Containers (CCC 5, 10-14 September).The Sub-Committee will consider a newly…
