• 2018 March 19 13:10

    DP World and NIIF joint venture Hindustan Infralog to acquire 90% of Continental Warehousing Corporation in India

    Hindustan Infralog Private Limited (HIPL), a  joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announces the acquisition of a 90% stake in Continental Warehousing Corporation (Nhava  Seva) Ltd (CWCNSL), an integrated multimodal logist ics player in India. CWCNSL’s founders, the  Reddy family, will retain the remaining 10% shareholding and will remain involved in the  business operations.

    The purchase consideration is below 5% of DP World’s net asset value as  of FY20171 and it is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports, logistics and related sectors. CWCNSL was founded in 1997 and is a leading integrated multimodal logistics provider of  Warehousing, Container Freight Stations (CFS), Inland Container Depots (ICD), Private Freight  Terminals (PFT) and integrated logistics solutions.

    CWCNSL’s logistics network is spread across  key strategic locations in India covering a total area of over 400 acres and providing over 660k  TEU (twenty - foot equivalent units) capacity. In addition, CWCNSL’s wholly owned subsidiary  Delex Cargo India Private Ltd provides door - to - door logistics solutions including freight  forwarding, 3rd party logistics, express logistics and hub - and - spoke model of delivery across 54  locations in 40 cities. In India, DP World has been operating container port terminals since 1997 and was  instrumental in building the first Private - Public Partnership (PPP) project for the Government of  India.

    DP World is currently present at six locations in India with over 6 million TEU of gross  capacity and also operates container trains connecting ports to the hinterland. The acquisition of CWCNSL will further enhance DP World’s presence in the entire logistics value  chain in India.




2019 March 19

09:46 MABUX: Bunker Market this morning March, 19
09:19 Baltic Dry Index is up to 721 points

2019 March 18

18:26 American Roll-on Roll-off Carrier loads Army aviation unit cargo in Thessaloniki
18:16 Wagenborg SPMTs to relocate giant MV-piling rig at the port of Rotterdam Maasvlakte
18:05 RF President launched Balaklavskaya and Tavricheskaya TPPs and Port substation in Taman
18:00 Indian Register of Shipping wins 5-year contract to provide Emergency Response Services for 33 vessels of The Shipping Corporation of India
17:36 Kawasaki Heavy Industries delivers bulk carrier Divinegate for Indigo Marine Shipping
17:30 NCSP Group’s consolidated cargo turnover for January 2019 increased by 3.3% to 12.063 million tonnes
17:05 Fincantieri starts works in Ancona on the new ship for Viking
16:38 RF Government allows LNG transportation along Northern Sea Route by certain foreign ships
16:32 Flensburger Schiffbau-Gesellschaft delivers sixth new building Ro-Ro for SIEM
16:27 Castor Maritime announces time charter contract for Panamax vessel with Oldendorff Carriers
16:13 CMA CGM announces GRR from East Coast South America to West Africa, East Africa, South Africa, Arabian Gulf and West Coast North of India
15:52 Average wholesale prices for М-100 HFO up to RUB 19,421 in RF spot market
15:51 Two NYK tugboat subsidiaries to merge
15:33 Global Ports Holding and MSC Cruises announce agreement to support Antigua
15:20 Iceberg to develop design and engineering documentation for nuclear-powered icebreaker of project 10510, Leader
15:13 CMA CGM announces GRR from Asia to South Africa
14:33 CMA CGM to apply GRI from Canada West Coast to worldwide destinations (Excluding Africa, EU, Russia and USA)
14:01 MSC adds vessel to its Lone Star service from Asia to USEC and Gulf of Mexico
13:46 Victor Gusev appointed General Director of Nakhodka Sea Fishing Port
13:27 Jumbo wins offshore subsea decommissioning project in North Sea
13:11 The largest fuel tanker to enter Port of Newcastle
12:55 10 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 17-18
12:31 Contship Italia S.p.A. has entered into negotiations with MSC for sale of MCT
12:10 Maersk Line announces FAK rates – Scope Far East Asia to Mediterranean
11:51 Russia, Finland satisfied by shipping and environmental cooperation in Baltic and Arctic regions
11:32 Navig8 Chemical Tankers enters into sale and leaseback agreements with ICBC for four 37,000 DWT product oil/chemical tankers
11:02 Incheon Port container volumes up 7.5% to 266,000 TEU in January 2019
10:44 MABUX: Bunker market this morning, Mar.18
10:15 SCF achieved adjusted profit of USD 6.9 million for 2018 vs USD 5.3 million loss for 2017
09:54 USA, EU and Canada impose sanctions on several Russian shipyards
09:36 Brent Crude futures price is down 0.21% to $67.02, Light Sweet Crude – down 0.21% to $58.61
09:19 Baltic Dry Index is up to 730 points
08:07 Port of Oakland cargo volume down 1.3 percent in February 2019
07:26 Port of Long Beach container volumes down 9.8 percent in February 2019

2019 March 17

17:04 HII installed main mast of USS George Washington (CVN 73)
15:12 Anthony Veder expands its fleet with new 30 000 cbm LNG carrier
14:48 Ingalls Shipbuilding hosts keel-laying for America-class LHA 8
13:08 Bouchard takes delivery of ATB unit M/V Evening Breeze and Barge No 252
11:30 SCHOTTEL propulsion systems for IMR vessel “Paul Candies”

2019 March 16

16:48 Borr wins contract in Mexico for premium jack-up rig duo
15:39 Meyer Turku floats out LNG powered cruise ship Costa Smeralda
14:43 KfW IPEX-Bank: Two additional transport vessels for Royal Arctic Line A/S financed
13:51 Kirby closes the acquisition of the Cenac Marine Services marine transportation fleet
12:37 RINA: Investing in industry 4.0 for growth
11:32 DP World reports 20% revenue growth in 2018

2019 March 15

18:29 IMO strengthens coal moister control
18:04 NORDEN invests in West African region
17:08 Wärtsilä's installation of three energy storage systems onboard of offshore construction vessel to deliver fuel and emissions savings
16:44 Autonomous Vessel Protection Detachments supporting the World Food Programme
16:19 TNG secures time-charter employement for product tanker MT Velebit
16:05 Hapag-Lloyd starts new service connecting Turkey and US East Coast – TNE Service
15:46 Finnpilot invests in safety work and the digitalisation of navigation
15:24 Teekay Tankers announces changes to Board of Directors
15:05 CMA CGM updates ISPS (vessel) surcharge
14:40 Ice-class buoy tender of Project 02780М, named Fortuna, joins Rosmorport’s fleet
14:26 Wärtsilä successfully tests remote guidance service capabilities
14:05 New cruise ship for Royal Caribbean to leave Papenburg on Tuesday, March 19 2019
13:07 Port of Virginia volumes up to 228,151 TEUs in February 2019