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General Offer By FINCANTIERI O&G For VARD Shares

FINCANTIERI S.p.A. announces that in relation to the voluntary conditional general offer ("Offer") announced on November 13, 2016 by its subsidiary Fincantieri Oil & Gas S.p.A. ("Fincantieri O&G") for all the ordinary shares of Vard Holdings Limited ("Vard") other than those already owned…
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DP World Reaffirms Commitment to India’s Growth

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem met with the Honourable Prime Minister of India Shri. Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit held in Ahmedabad, India. Discussions highlighted the immense…
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Los Angeles Port sets Highest Western Hemisphere record

Cargo volumes at the Port of Los Angeles reached 8,856,782 Twenty-Foot Equivalent Units in 2016, marking the busiest year ever for a Western Hemisphere Port. The previous record was set in 2006, when the Port of Los Angeles handled 8,469,853 TEUs. “The Port of L.A.
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DRAGFLOW Bags Four Contracts for Custom Dredgers

The last quarter of the 2016 has been a busy time for DRAGFLOW technical and manufacturing teams as we received four important orders for custom-made dredgers. In the first place. A contract for five (5) dredgers, model DRH300E23 has won for sand and g...
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Virginia Port Hits Record Volume at 65 mi TEUs

The Port of Virginia set a new annual record for container cargo volume having handled more than 2.65 million twenty-foot equivalent units, or TEUs, a 4.2 percent increase over last year’s total. In 2016, import and export volumes were up 6 percent and 2.6 percent, respectively, over the prior year.
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VOSTA LMG Moves to Delft

VOSTA LMG will be moving its headquarters from Amsterdam to Delft in a few days. The move will bring the company closer to its customers, while ensuring continuity of operations and the excellence its customers have come to expect in terms of its produ...
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Hyundai Merchant to Hire 220 Hanjin Employees

As many as 220 former Hanjin Shipping employees could be set to start work at Hyundai Merchant Marine. The South Korean carrier has already hired 131 employees including onshore, offshore, overseas staffs and ship managers. Moreover, HMM will…
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Port of Singapore Sustained its Performance in 2016

The Port of Singapore sustained its performance in 2016, amidst weaker-than-expected global economic conditions and significant structural changes in the maritime industry. Annual vessel arrival tonnage increased by 6.3 per cent in 2016 compared to 201...
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