Transnet and ICTSI sign a 25-year deal to modernize Durban's Pier 2, enhancing capacity and efficiency amid port reform efforts.

The Fifth Circuit upholds Christopher Kirchner's 20-year sentence for fraud, confirming misuse of investor funds for personal gain.

The Chattogram Port Authority will tomorrow sign a 30-year concession agreement with APM Terminals BV to design, finance, build and operate the Laldia Container Terminal under a public-private partnership framework, reports Dhaka's Daily New Age

SYRIAN President Ahmed al-Sharaa met with CMA CGM's regional director Joseph Dakak in Damascus to mark the signing of a 30-year contract to develop and operate the port of Latakia, reports Le Monde

MAJOR US aircraft manufacturer Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers

APM TERMINALS Moin Container Terminal is (TCM) 33-year concession agreement with the Government of Costa Rica has received final endorsement from the state Comptroller General.

UAE-based port operator Gulftainer has signed a 50-year concession deal with the state of Delaware to operate and develop the Port of Wilmington

June 20 (Reuters) – China Merchants Port Holdings has made a $584 million payment as part of a

Global Maritime News & Shipping Industry Updates

An appeals court in the southern port of Aden upheld a 10-year jail term for 11 Somali pirates

SRI LANKA has signed a US

Global Maritime News & Shipping Industry Updates

The Navy’s most recent 30-year construction plan underestimates the cost of growing and maintaining its fleet by more than $3 billion annually over the next three decades, according to a recent analysis by the non-partisan Congressional Budget Office.

ShippingSqueezed as Freight Falls to 25-Year Low, Precious SaysBusinessWeek15 (Bloomberg) -- Companies hiringshipsto haul coal and other raw materials are adding to financial pressure on vessel owners by taking advantage of the lowest charter costs in a quarter of a century, according to PreciousShippingPcl. Precious lost...and more »

ReutersSomali pirate handed 33-year sentence by US courtReuters AfricaBy Basil Katz NEW YORK (Reuters) - A US judge sentenced a Somali pirate to 33 years and nine months in prison on Wednesday for his role in the 2009 seizure of the Maersk Alabama containershipin the Indian Ocean. Abduwali Abdukhadir Muse -- the sole...BrieflyCharlotte ObserverSomali Pirate Sentenced to Nearly 34 Years in US PrisonVoice of AmericaSomali Man Accused InShipHijackings Sentenced to Over 33 Years...Wall Street Journal (blog)Courthouse News Service -RTT News560 haber makalesinin tümü »

CHINA's Yangzijiang has secured new orders for 17 vessels worth US$871 million for 12 bulk carriers and five containerships of 10,000 TEU for delivery 2015 and 2016.

GATEWAY New London has entered into 20-year agreement with the Connecticut Port Authority (CPA) to operate the State Pier at New Haven, Connecticut, reports American Shipper

Stars and StripesBudget officials: Navy's 30-yearshipbuildingplan underfunded by $94 billionStars and StripesKAISERSLAUTERN, Germany— The Navy's most recent 30-year construction plan underestimates the cost of growing and maintaining its fleet by more than $3 billion annually over the next three decades, according to a recent analysis by the non-partisan...Efforts to Estimate the Long-Term Cost of Defense Programs Give Me a Migrainedefproall 2 news articles »