The maritime services provider opened an office in Odessa, Ukraine as part of its plan to expand its presence across the Black Sea region.
CMA CGM adjusts Noura Express loop
The French ocean carrier will add a weekly direct call at Salalah, Oman on its Noura Express service, which currently operates between the United Arab Emirates and East Africa.
IAG Cargo posts flat Q3 results
The cargo airline group’s revenues stood at 238 million euros for the third quarter of 2015 compared to the 236 million euros for the third quarter of 2014.
Liverpool’s new container terminal receives first cranes
Liverpool2 received five, 1600-ton ship-to-shore ‘megamax’ cranes from Shanghai-based equipment manufacturer ZPMC.
Envirotainer opens service station in Shanghai
The temperature-controlled air cargo container manufacturer opened a service station in Shanghai, China, which provided it with more capacity to release its RKN e1 containers to the Chinese and Asian market.
DP World acquires remaining 49% stake in Southampton terminal
The container terminal operator touted synergies with its London Gateway facility as it extended its license for the DP World Southampton terminal to 2047.
Executive Moves: Maryland Port Administration, North Carolina State Ports Authority, Port of N.Y./N.J., and Ryder System, Inc.
Maryland Port Administration appoints director of harbor development, North Carolina State Ports Authority picks new CFO and Port of New York and New Jersey names interim general counsel, while Ryder System, Inc. names chief sales officer.
Report: Logistics M&A volume down, value up in 2015
Although activity slowed slightly in Q3, total deal value for mergers and acquisitions in the transportation and logistics sector for the first nine months of 2015 is up 40 percent from the same 2014 period, according to a new report from PwC US.
TOTE seeks exoneration or limitation of liability in El Faro sinking
TOTE Maritime alleges it exercised due diligence to supply the ill-fated cargo ship with suitable and working engines, personnel, and other necessary equipment, according to recent court filings.
Baltic Exchange, Ningbo Shipping Exchange partner to create new freight index
Similar to the Shanghai Containerized Freight Index, the new index will meld spot prices for 20-foot, 40-foot and 40-foot high cube containers moving from Ningbo to Europe and the Middle East.