CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand.
For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’ (USACE) Civil Works mission, he doesn’t describe a straight line.
Crowley, the longest-serving U.S. logistics provider in Puerto Rico, is enhancing the resiliency of its Isla Grande logistics terminal in San Juan with the installation of a microgrid fueled by liquefied natural gas (LNG).The innovative energy system will provide a reliable power supply tailored to support the terminal’s daily operations, such as powering its terminal equipment
GlobalMET, the international association of maritime education and training providers, has announced the appointment of Jillian Carson-Jackson as its new Managing Director.Carson-Jackson brings more than four decades of experience across maritime operations, regulation, policy and international standards.
The world's farmers face soaring fertiliser and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.The war, which has closed the Strait of Hormuz, has shut down fertiliser plants in the region and severely disrupted shipping routes
In March 2020, Tekarara Kabangaki would receive news that would change the course of her life forever: her husband, Eritara Aati Kaierua, was found dead aboard the fishing vessel he was working on.Now, more than five years on, questions remain concerning his death and the subsequent investigation.
Descartes Systems Group has released its November Global Shipping Report highlighting that U.S. container imports were essentially flat in October as year-to-date volumes continue to decrease.The 2,306,687 TEU of imports was down a slight 0.1% from September and 7.5% lower than October 2024. After volume declines in August and September, imports from China were up 5.4% over September but down 16.
A sailboat collided with a barge near Hibiscus Island, Miami, on Monday leaving two dead.Miami Beach Fire Rescue crews were first on scene, and they were later joined by Miami-Dade Fire rescue, City of Miami Fire Rescue, Florida Fish and Wildlife Conservation Commission (FWC) and Coast Guard Station Miami Beach.
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized its acquisition of the Rolls-Royce Naval Propulsors business.The milestone was celebrated at the newly acquired Pascagoula, Mississippi, foundry, where Governor Tate Reeves, Fairbanks Morse Defense CEO Steve Pykett
The U.S. issued Iran-related sanctions targeting more than 30 individuals and entities it said are part of a "shadow banking" network that has laundered billions of dollars through the global financial system, the Treasury Department said on Friday.The sanctions, which target Iranian nationals and some entities in the United Arab Emirates and Hong Kong, were announced as U.S.