Region
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Mumbai to create dedicated container corridor
Municipal authorities have vowed to tackle congestion emanating from all the boxes heading in and out of India’s top container…
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Hagemeyer commences DVB risk management role
Christian Hagemeyer has made an early start to his new role at DVB Bank on the board of managing directors,…
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Jamaican agency blames bunkering accidents for oil spills in Kingston Harbour
A Jamaican government agency has announced that initial investigations of oil spills in Kingston Harbour last month point mainly to…
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Rizhao Port dismisses 89 officials
Rizhao Port, a major iron ore port in northern China, has dismissed 89 employees in middle management according to a…
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Denmark’s largest gas field to close
Maersk Oil has announced it will shut Denmark’s largest gas field. Maersk Oil said in a release today that “an…
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Russian port boss accused of embezzling $25m
The head of the Russian port of Ust-Luga has been detained by a court in St Petersburg on suspicion of…
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MSC takes Hanjin’s Seattle terminal stake
Hanjin Shipping is selling its Seattle terminal to Mediterranean Shipping Company (MSC), according to the Seattle Times. The deal is…
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FMC and Technip to complete merger within weeks
American subsea equipment firm FMC Technologies and French engineering company Technip jointly announced on Thursday that they expect their merger…
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HPH Trust acquires major stake in Huizhou terminal
Hong Kong port terminal operator Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake…
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DP World lifts stake in Pusan terminal
DP World has acquired an additional 23.94% stake in South Korea’s Pusan Newport Company (PNC) from Samsung Corporation. DP World…
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Odfjell closes Oman tank terminal sale
Odfjell Terminals has completed the sale of its 29.75% stake in Oman tank terminal for $130m. The transaction will bring…
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ASL Marine seeks to delay note payments
Singapore’s ASL Marine has announced that it has issued a consent solicitation statement to its noteholders to seek approval to…
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Cambodia readies $300m Sihanoukville port expansion
Authorities in Cambodia have unveiled ambitious plans to pump $300m into the kingdom’s top port, Sihanoukville Autonomous Port (SAP). The…
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Cosco Shipping Development to raise $1.73bn via share offering
Cosco Shipping Development, formerly China Shipping Container Lines (CSCL), has announced that the board of the company has approved a…
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DSME to build yard in Iran
Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) is to build a shipyard in Iran in partnership with the the…
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Sino-Global signs transportation deal with Cosco
Flushing, New York-based Sino-Global Shipping America announced on Wednesday that it has signed an Inland Transportation Agreement with a subsidiary…
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Eddy Bruyninckx to step down at Antwerp
One of the best-known names in the European ports scene will retire this Saturday. Eddy Bruyninckx, CEO of the Antwerp…
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Jinhui Shipping reschedules loans
Jinhui Shipping and Transportation has announced that it, and 25 wholly-owned subsidiaries, has reached agreements with four major lenders to…
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China Offshore Deepsea Industry Alliance established
Seven major Chinese rig builders have jointly established China Offshore Deepsea Industry Alliance (CODIA) in Beijing yesterday in an effort…
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Petrobras falls short of two-year target for asset divestment
Brazil’s faltering state oil giant Petrobras admitted on Wednesday that it will come up $1.5bn shy of its targeted divestment…
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