Suez

(IN BRIEF) SUEZ’s Nomination and Compensation Committee has proposed Xavier Girre as the new CEO, recognizing his extensive experience in leadership, finance, and the water and waste industries. Girre, who has been involved with SUEZ as a Board member and … Read the full press release →

(IN BRIEF) NORDEN has announced the addition of two Capesize newbuilding leases with purchase options, underscoring its confidence in a positive long-term outlook for Capesize freight rates. These vessels, to be constructed in Japan and delivered in 2026 and 2027, … Read the full press release →

(IN BRIEF) The Suez Canal Container Terminal (SCCT) has reached a significant milestone in its expansion project with the arrival of advanced equipment, including four Super Post-Panamax quay cranes and six electric Rubber-Tyred Gantry (eRTG) cranes. These cutting-edge tools, capable … Read the full press release →

(IN BRIEF) Maersk and Hapag-Lloyd have unveiled more details about their joint ocean network, Gemini Cooperation, set to launch in February 2025. The collaboration will provide two flexible network options, aiming for over 90% schedule reliability. In response to Red … Read the full press release →

(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release →