International Container Terminal Services (ICTSI) sold a $300 million hybrid note callable in year 4.25 on Thursday evening, the company’s maiden senior perpetual offering and also Asia’s first this year. The Philippine port...
Read MoreEurope’s ports face a rocky ride in 2015, dominated by a potential glut of container-handling capacity in the north that will only be partially offset by steadily rising transshipment traffic in the Mediterranean. The leading...
Read MoreMaersk Line will not stop slow-steaming despite falling oil prices making it more economically viable to speed up ships, Joc reports. According to a Maersk Line spokesman, “A move away from the current slow-steaming...
Read MoreWinning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the...
Read MoreKatie Farmer, group vice president of consumer products at BNSF Railway, has taken office as the first woman to chair the Intermodal Association of North America’s board of directors. Farmer succeeded Phil Shook, director of...
Read More