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A recent report by Bloomberg News states that Ports America and Highstar Capital, a private equity firm that owns Ports America, is looking to find a buyer for the sale of Ports America. The company could be valued at about $1 billion in a sale.
Although those interviewed by Bloomberg asked not to be identified because the information is private, sources said that Highstar Capital, which owns Ports America, is working ...
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In the ever evolving world of steamship alliances, Hyundai Merchant Marine Co Ltd (HMM) reported on July 14 that it has signed a preliminary deal to join the 2M Vessel Sharing Agreement (2M VSA), a leading container shipping alliance comprised of the world’s largest container ...
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The Georgia Ports Authority has received a $44 million Fixing America's Surface Transportation (FAST) grant from the U.S. Department of Transportation to increase rail capacity at the Port of Savannah.
"As the nation's fourth busiest container port, Savannah's continued rail expansion is a key component to ...
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Hamburg Süd has been named Top Ranked Carrier 2016 by the Agriculture Transportation Coalition (AgTC) on the basis of the annual AgTC Ocean Carrier Performance Survey. In the survey, in which member companies of the AgTC – chiefly US exporters and importers of agricultural and ...
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The Agriculture Transportation Coalition (AgTC) recently named Jim Newsome, SCPA president and CEO, the first Person of the Year award recipient in the Coalition’s 28-year history.
“Never has an individual so distinguished himself in a manner that will have such a positive impact on all participants in ...
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The Halifax Port Authority Board of Directors has approved a contract extension for Karen Oldfield, President and CEO, until December 2018. The next few years are critical in the master planning for the Port of Halifax and Ms. Oldfield will be leading her team through ...
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Mitsui O.S.K. Lines, Ltd. President & CEO Junichiro Ikeda exclaimed that that the MOL Benefactor, a 10,000-TEU containership, successfully passed through the expanded Panama Canal on July 1, 2016. This is significant in that the MOL Benefactor is the first Neo-Panamax containership to perform a commercial transit ...
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The US Senate confirmed the nominations of three individuals on June 30 to serve as Federal Maritime Commissioners. Those confirmed are Rebecca F. Dye, Michael A. Khouri, and Daniel B. Maffei. Dye and Khouri, both of whom currently serve as Commissioners, were re-nominated by the ...
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SEKO Logistics is to partner with INTTRA, the world’s ocean shipping electronic marketplace, to submit verified gross mass (VGM) information to shipping lines in compliance with the International Maritime Organization’s (IMO) amendments to The Safety of Life at Sea Convention (SOLAS), which come into force ...
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CMA CGM officials crossed the 91.05% threshold in its acquisition of Neptune Orient Lines Limited (NOL). Following its all-cash voluntary conditional general offer for NOL which was launched on June 6th, 2016, CMA CGM now owns 2,376,715,557 shares representing approximately 91.28% of NOL’s share capital.
CMA ...
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