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CMA CGM S.A. (CMA CGM) satisfied on 9 June the acceptance condition in its all-cash voluntary conditional general offer for Neptune Orient Lines Limited (NOL), after NOL’s majority shareholders (Temasek and its affiliates) tendered all of their shares in acceptance of the Offer. The Offer has therefore been declared to be wholly unconditional.
“We are supportive of this transaction as it presents NOL with an opportunity to join a leading player ...
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Ninety-minute cruises give rare glimpse inside a global trade gateway
June 14, 2016: Summer’s best cruise bargain returns to the Port of Oakland next month. The Port said today it’s resuming free harbor cruises with the first sailing July 1. The excursions provide a rare glimpse ...
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The PSA Group of Terminals announces that all its terminal facilities will be in full
compliance with the implementation of the International Maritime Organization (IMO)
amendments to the International Convention for the Safety of Life at Sea (SOLAS) when it
comes into effect on July 1, 2016.
As a ...
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The St. Lawrence Seaway opened two weeks earlier this shipping season and US ports took advantage of the warm weather to move cargo for their customers.
“During the first nine weeks of the 2016 navigation season, ships arrived from 30 countries and delivered high value cargo ...
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The Board of Commissioners of the Port of New Orleans is set to host the 105th annual meeting of the American Association of Port Authorities, the largest gathering of port and maritime professionals in the Western Hemisphere.
The conference, scheduled for Oct. 23-26 at the Sheraton ...
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A new fireboat was officially welcomed into service Wednesday at the Port of Long Beach, representing a significant leap forward in protecting the harbor and the flow of trade through the nation’s second-busiest seaport.
In a dockside ceremony attended by 100 invited guests, the fireboat named ...
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The U.S. Department of Transportation’s Maritime Administrator Paul “Chip” Jaenichen, Rhode Island Governor Gina Raimondo and Senator Jack Reed, along with state and local officials, christened a new crane barge on June 6, marking the completion of a nearly $20 million project that substantially enhances ...
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JAXPORT terminal operators say they are ready to help shippers handle all new international container weight verification requirements while maintaining regular, efficient cargo operations and service.
Ocean carriers are invited to check with their contracted marine terminal operators for further details.
New container weight verification rules go ...
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All five transportation modes carried less U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in March 2016 compared to March 2015. The total value of cross-border freight carried on all modes fell 5.8% from 2015 to $90.5 billion ...
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More containers moved through the Napoleon Avenue Container Terminal at the Port of New Orleans in March and April 2016 than in any two months in the port’s history.
According to port figures, 50,974 TEUS moved through the Terminal in April, besting the previous monthly record ...
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