Transportation News

 

American Queen Voyages Up for Sale as Hornblower Gets New Majority Owner

Feb 21, 2024

A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages…

Let’s Set Some Standards for Micro Cargo

Feb 15, 2024

As zero carbon cargo efforts are progressing, it is becoming more apparent that the lowest hanging fruit is in the last few miles. This is where a large amount of carbon is expended in delivering small parcels to stores and consumers’ doors…

Operations at Three Ports Run by India's Adani Disrupted - Sources

Apr 13, 2020

Berthing operations and truck movement were disrupted over the weekend in at least three ports handled by India's Adani Ports and Special Economic Zone Ltd, India's largest port operator, four sources familiar with the matter told Reuters.There…

DP World Expresses Concern on Future

Mar 11, 2020

Dubai state controlled port operator DP World's revenue grew 36.1% in 2019, but it says the near-term outlook remains “a cause for concern” due to global trade disputes and the coronavirus outbreak.DP World, one of the world’s largest port operators…

MCT Completes 1st Year of Operations

Mar 05, 2020

The container port in the Limón province of Costa Rica, Terminal de Contenedores de Moín or Moín Container Terminal (MCT), operated by APM Terminals, completed its first year of operations on February 28.A press release from the international…

Maersk Moves Indian Grapes to Europe

Mar 03, 2020

The global container company A.P. Moller – Maersk has started end-to-end cold chain logistics solution for its customers exporting grapes from Nashik and Sangli in India to North Europe.With this new offering, Maersk is enabling the exporters…

COVID-19 Could Impact Indian Shipping

Feb 19, 2020

India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker…

Petronas Inks 12-yr Contract with K-Line

Feb 18, 2020

Malaysian national oil company Petronas’ subsidiary Petronas LNG Ltd recently signed a 12-year time charter party (TCP)  with a Japanese shipowner Kawasaki Kisen Kaisha Ltd (“K” Line) for two midsized new build LNG vessels.According to the statement…

Partnership to Make Waterways Climate-Neutral

Feb 17, 2020

German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping in Germany and Europe from diesel to battery and/or hydrogen drives.The companies…

PIL Exits Transpacific Market

Feb 16, 2020

Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy.  The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements…

Ships to Face 30% Higher Costs at Panama

Feb 13, 2020

The Panama Canal will begin collecting a freshwater surcharge from ships using the waterway from 15th February, as part of actions to address a scarcity of rainfall after the surrounding area recorded its fifth driest year of the last seven decades in 2019…

Diana Shipping Fixes Philadelphia with BHP

Feb 12, 2020

Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.According…

AAL Shipping Launches New Service

Feb 11, 2020

The  global ocean transport operator AAL Shipping has launched a new Europe-Middle East/India-Asia Monthly Liner Service to serve the market’s multipurpose vessels (MPPs) and project heavy lift cargo transport requirements.The new service, which connects main ports between Europe…

Port Bronka, NBG Sign Agency Pact

Feb 11, 2020

The owner and operator of Port Bronka Fenix LLC St.Petersburg and NBG Nouschirvan Beteiligungsgesellschaft mbH Hamburg have signed an agency agreement for the promotion of the most modern sea port in Russia.Port Bronka is the only deep-water port in St…

Hapag-Lloyd, HHLA Form Ties

Feb 11, 2020

German international shipping and container transportation company Hapag-Lloyd AG and compatriot logistics and transportation company Hamburger Hafen und Logistik AG (HHLA), will be continuing their close cooperation in Hamburg for another five years…

Logistics News

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Houston Container Volumes Up 21% in May

Houston Container Volumes Up 21% in May

EU Sanctions Target Russian Gas for the First Time

EU Sanctions Target Russian Gas for the First Time

Singapore to Seek Compensation from Shipowner for Oil Spill

Singapore to Seek Compensation from Shipowner for Oil Spill

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