German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters, the Kotak family
Shell PLC's LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and switch to electricity as more renewable power becomes available, a top executive said, a decision that means the expansion project will initially generate high greenhouse gas emissions.
German container liner Hapag-Lloyd on Thursday announced it has completed its acquisition of a minority stake in Italy-based logistics company the Spinelli Group as global shipping firms continue to expand their port presence amid prolonged supply chain disruption.The deal was first announced in September but remained subject to the approval of antitrust authorities.
Today, Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in Wilhelmshaven.The LNG ship Maria Energy, owned by Tsakos Energy Navigation was loaded in Calcasieu Pass, USA, at the liquefaction facility of the LNG supplier Venture Global Calcasieu Pass, LLC, on December 19, 2022.
Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain.
Hapag-Lloyd AG and SM SAAM have signed a binding agreement under which Hapag-Lloyd will acquire 100 % of the shares of SAAM Ports S.A. and SAAM Logistics S.A. and thereby the entire company’s terminal business and associated logistics services.The contracting parties agreed upon a price of around $1 billion, which also includes real estate assets related to the logistics business.
A fire erupted on Saturday at an oil terminal in Venezuela when a hose used for supplying gasoline to a tanker broke lose, the country's oil minister Tareck El Aissami said.The fire, which occurred early on Saturday at one of Guaraguao terminal's berths, located on Venezuela's eastern coast, was extinguished shortly after
General average has been declared for the ZIM Charleston after stacks of containers caught fire on board the vessel earlier this month.The fire broke out in a cargo hold while the Seaspan-owned containership was navigating off Colombo, Sri Lanka on August 8. It has been reported that approximately 300 containers may have been affected by fire, heat and smoke
North Kingstown, R.I. shipyard Senesco Marine said it has been selected by the Maine Department of Transportation to build a new hybrid-electric passenger vessel for the Maine State Ferry Service (MSFS).The 154-foot passenger-vehicle ferry, designed by Gilbert Associates, will be equipped with BAE Systems’ electric hybrid propulsion solution to deliver reduced and zero-emission operations
Saipem's giant Saipem 7000 semi-submersible crane vessel is set to return to operation at the Seagreen wind farm site in the UK a month and a half after it was involved in a tilting incident in Norway.As previously reported, in mid-April, Saipem 7000 tilted in a fjord in Norway with 275 people aboard.
The International Maritime Organization (IMO) will convene a special meeting next week to discuss the risks to seafarers and ships in the Black Sea and Sea of Azov after Russia’s invasion of Ukraine, the UN’s shipping agency said on Friday.Over 15 countries earlier this week called for an IMO meeting as concerns grow for the safety of ships and their crews amid ships being damaged by projectiles.
Over 15 countries have called for a special meeting with the UN’s shipping agency to discuss the safety of ships and their crews sailing through the Black Sea and Sea of Azov after Russia’s invasion of Ukraine and growing dangers to vessels.Many shipping firms have suspended sailings to affected Black Sea ports and other terminals in Ukraine.