South Africa’s Transnet officially signed the partnership agreement with International Container Terminal Services (ICTSI) for the privatization and upgrade at the Durban port. It comes more than two years after the deal was first announced and after courts rejected a...
Police, customs authorities, and the Receiver of Wrecks have warned beachcombers not to eat the bananas or to take them home. But local people have interpreted prevailing Wrecks and Salvage law in a more free market fashion, and have helped themselves to the...
Australia’s Treasurer Jim Chalmers said that the government has decided to let South Korea’s Hanwha Group increase its investment to become the largest investor in shipbuilder Austal. The reports said the government will place restrictions on the operations to ensure...
A bulker southbound in the Red Sea reported to authorities that it had been approached and exchanged gunshots with the unknown boats. The ship is safe and continuing on its way while analysts speculate over the events. The Barbados-flagged...
The Port of Long Beach (California) revealed today that it plans to name long-time executive and well-known industry figure Dr. Noel Hacegaba as the port’s next Chief Executive Officer as of the new year. With nearly 16 years of experience with the port,...
To fund expansion and infrastructure upgrades, Ireland’s Dublin port has proposed a massive hike in its port fees starting next year. The fees would increase an over 40 percent for container charges, a move that shippers have criticized as an added tax on businesses...
