Kalmar, part of Cargotec, is to supply a total of 16 terminal tractors to long-standing customer Container Terminal Saint-Petersburg CJSC (CTSP, part of UCL Holding).According to a press release, the order was booked in Cargotec's 2019 Q1 order intake…
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Total Buys 25% Stake in Ecoslops
French multinational integrated oil and gas company Total S.A. has signed an agreement with Ecoslops S.A. that gives the oil major a 25% interest in its affiliate Ecoslops Provence.Ecoslops Provence is building a unit to regenerate oil residues at Tota...
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CNCo Acquires of Hamburg Süd Units
German container shipping line Hamburg Süd and The China Navigation Company (CNCo) have completed the sale of Hamburg Süd’s dry bulk shipping business to CNCo after receiving regulatory approval.Earlier in January, Hamburg Süd announced that it is sell...
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Scorpio Bulkers Borrows to Fit Scrubbers
Scorpio Bulkers, a shipping company that owns and operates dry bulk carriers worldwide, announced that it has reached agreements with certain lenders to to increase certain existing credit facilities by a total of USD 41 million.The Monaco-based…
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Navios Acquisition Disposes Oldest VLCC
Navios Maritime Acquisition Corporation, an international shipping company, said that it has sold the oldest vessel of its fleet, the C. Dream.According to a press release from the US-listed, Greece-based company, the 299,000-dwt very large crude carr...
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CN to Invest $320mln in Ontario
Canadian National Railway (CN) said that it plans to invest approximately $320 million in Ontario in 2019 to expand and strengthen the company’s rail network across the province.CN’s Ontario rail network stretches across the province, and the GTHA is h...
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Trident Opens UAE Diving Center
Trident, a subsidiary of Wärtsilä, is strengthening its underwater-related servicing capabilities with the opening of a new diving center facility in Fujairah, United Arab Emirates. This expansion into a major global shipping region will enhance…
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Cammell Laird Strengthens Management Team
UK based shipbuilding and engineering company Cammell Laird announced a series of changes to its senior management team.The restructure sees company founder and CEO John Syvret CBE extend his role to executive chairman; Tony Graham becomes chief opera...
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USCG Rescues 7 and Dog Near Haines, Alaska
The Coast Guard rescued seven people and a dog stranded on a sandbar after a their boat capsized in the Chilkat River near Haines, Saturday.An MH-60 Jayhawk helicopter crew from Air Station Sitka landed on the sandbar approximately 7 miles northwest of...
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Single Indian rocket puts satellites in three orbits, in first for nation
An Indian rocket on Monday placed domestic and foreign satellites in three different orbits on a single flight, a first for the nation and a low-cost option that could burnish its reputation for pioneering affordable options in space.
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