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Maritime Executive

Global Ports Investments Buys NCC Group

By The Maritime Executive
January 2, 2014
Global Ports Investments has completed the acquisition of 100 per cent of the share capital of NCC Group in a transaction which was announced on 2 September 2013. The acquisition of NCC Group, the se...
Maritime Executive

Chinese Iron Trade Fuels Port Clash With Mexican Drug Cartel

By The Maritime Executive
January 2, 2014
When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico's Pacific coast, a drug gang was already making it a reality...
Maritime Executive

Port of Hueneme Closes New Markets Tax Credits Deal

By The Maritime Executive
December 26, 2013
 Tis the Season with a multi-million New Market Tax Credit Transaction. Taking advantage of a federal ‘New Markets Tax Credits Program’ (NMTC) the Port of Hueneme successfully completed an application...
Maritime Executive

Nigerian Navy Boosts Camera Surveillance Against Pirates

By The Maritime Executive
December 20, 2013
Nigeria's navy has installed eight automated, camera-equipped surveillance towers in the waters just off its coast, in an effort to tackle a surge in pirate attacks and crude oil theft that have bligh...
Maritime Executive

Building on a Legacy of Firsts

By Tony Munoz
December 19, 2013
The SVITZER name has been serving the towing and salvage industries for almost two centuries, and today it operates in more than 40 countries with an estimated fleet of 500 vessels. In 1833, Emil Zeut...
Maritime Executive

Gulftainer Looking to Buy into US East Coast

By The Maritime Executive
December 18, 2013
Gulftainer, one of the world’s largest privately owned port management and logistics companies based in Sharjah in the UAE, has unveiled a new vision and identity as one of the most competitive and re...
Maritime Executive

Vietnam Sentences Shipping Executives to Death for Embezzlement

By The Maritime Executive
December 16, 2013
A court in Vietnam sentenced two former executives of a state-owned shipping firm to death on Monday for embezzlement, an unusual harsh sentence in a communist country where prosecutions of top offici...
Maritime Executive

Australia Approves Dredging Near Barrier Reef for Coal Port

By The Maritime Executive
December 10, 2013
Australia approved major dredging work to expand a coal shipping port adjacent to the Great Barrier Reef in a bid to attract more coal mining. The nod for further dredging at the Abbot Point port fol...
Maritime Executive

Chinese Investor Announces $3 Billion Ukrainian Port Project

By The Maritime Executive
December 5, 2013
Photo: Crimea's southernmost point is the Cape of Sarych on the northern shore of the Black Sea, currently used by the Russian Navy. The port project is to be built on a dried-out lake on the Crimean...
Maritime Executive

Is China Spying on Canada's Shipbuilding Interests?

By The Maritime Executive
December 2, 2013
Canadian police have arrested a Toronto man suspected of seeking to give China classified information about Canadian shipbuilding procurement policies, security officials said on Sunday. Jennifer Str...

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