The Russian state-owned oil transporting company Transneft has consolidated 60.62% of shares in Novorossiysk Commercial Sea Port (NCSP). According to the company’s press service, Transneft has closed the deal by acquiring 50% of Novoport Holding from Summa Group for USD 750 mln. Novoport Holding is a joint venture, where Transneft and Summa owned 50% each, and […]
FESCO Transportation Group offices in Moscow and Vladivostok as well as the Vladivostok Sea Commercial Port (VSCP) were searched on March 30 and 31 as part of the investigation proceedings against Ziavudin Magomedov, owner of Summa Group, the major shareholder of FESCO and VSCP. Both FESCO and the Port confirm business as usual and state […]
On the 8th of March we celebrate International Women’s Day by appreciating the long path women have gone to advance in society, politics, economics. We honour the powerful, high-achieving women who lead, encourage, inspire. But it is also time to discuss the problems we still face on the way to equal rights and opportunities. Glass […]
Global Ports Investments PLC (Global Ports), the leading operator of container terminals in the Russian market, has announced that on Monday, 26 February 2018, the company’s Board of Directors elected Mr. Morten Engelstoft, CEO of APM Terminals, as the new Chairman of the Board. Mr. Engelstoft will take over from Mr. Peder Sondergaard who left […]
Unifeeder, the largest European operator of feeder and shortsea container shipping services, has announced this week the appointment of Nils Smedegaard Andersen, former Group Chief Executive Officer of A.P. Moller – Maersk A/S, as new Chairman of the Board of Directors. At this post, he succeeds former Hapag-Lloyd CCO Jesper Præstensgaard who takes up the […]
Kalmar, part of Cargotec, has announced today the appointment of Guenter Schmidmeir as Senior Vice President, Global Terminal Operators, with effect from 1 November 2017. Guenter Schmidmeir will be part of Kalmar’s Leadership Team, reporting to Antti Kaunonen, President, Kalmar Business Area. He will lead strategic account management to further strengthen and deepen relationships with the global terminal […]
Spain’s leading logistics and port operating group Noatum announced several important changes last week. First, the new management team has arrived in Spain to head Noatum Ports. As we wrote earlier, COSCO Shipping Ports Ltd acquired 51% of Noatum Ports in June 2017. The transaction involved the container terminals in Valencia, Bilbao, Zaragoza and Madrid. […]
Today, July 10, the 3 Japanese shipping lines – K Line, NYK and MOL – have officially announced details of the establishment of their joint venture “Ocean Network Express” (ONE) and the appointment of Jeremy Nixon as ONE CEO. According to the press release published at the new website launched specifically for the JV, the […]
Mario Cordero has been named a likely candidate for the CEO post of the Port of Long Beach. The Board of Harbor Commissioners is expected to vote today to confirm his appointment, following the decision on his candidacy the Board made in an executive session on April 10, writes Long Beach Post. “After a comprehensive […]
Last week the Board of Harbor Commissioners that sets policy for the Port of Long Beach interviewed seven finalists for the post of the US second-busiest container port’s CEO. The new leader is expected to be announced by summer, although no candidates have been named so far, writes Long Beach Press Telegram. The port has […]
