Novorossiysk Commercial Sea Port (NCSP), Russia’s largest sea port and one of the largest in Europe may be in the center of a corporate fight between its major shareholders, which may negatively affect its activities and result in the decline of revenue.
So far, the port has been controlled equally by Transneft, a Russian state-controlled business responsible for the national oil pipelines and Summa Group, a diversified private holding, specializing in investment activities in port logistics, engineering, construction, telecommunications and the oil and gas sectors, however both companies have recently announced their plans to split up the business.
Nikolay Tokarev, President of Transneft, said yesterday that Transneft plans to become… (More)
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US District Court Judge Michael Simon on March 28 dismissed a federal lawsuit by the International Longshore & Warehouse Union that aimed to stop hundreds of thousands of dollars in aid authorized by the port…(Read Full Article)
Port of LB Interim CFO Quits
by Mark Edward Nero
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San Diego Shore Power Project Wins Award
by Mark Edward Nero
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Puget Sound Maritime Achievement Award
The 2014 Puget Sound Maritime Achievement Award Selection Committee is accepting nominations for this year’s award to be announced at the Seattle Propeller Club’s May Seattle Maritime luncheon…(Read Full Article)
