On May 16, 2016, Konecranes announced that it has signed an agreement to acquire from Terex Corporation its Material Handling & Port Solutions segment. According to its terms, the Stock and Asset Purchase Agreement could be terminated by Terex prior to May 31, 2016, if it enters into, or reasonably believes that it will promptly enter into, a legally binding merger agreement with Zoomlion Heavy Industries Science & Technology Co., Ltd. in which case, it would pay Konecranes a termination fee of USD 37 million.

With only a few months to design, manufacture and deliver the Marina system, SF Marina Systems delivered the first shipment of concrete docks and breakwaters late April to Provincetown, Massachusetts, USA.

On Wednesday, the European Sea Ports Organisation (ESPO) presented its position paper on the revision of the port reception facilities (PRF) directive at a dedicated meeting under the umbrella of the European Sustainable Shipping Forum (ESSF).

Marine training on the River Thames is to receive a major boost with the launch of the Thames Skills Academy - a new skills organisation that will support crew training and development on the UK's busiest waterway.

French port Marseille Fos has handled its second consignment under a European Union (EU) pilot project creating sea/rail logistics corridors to slash perishable goods transit times from the Mediterranean basin to central and northern Europe.

Connections between Northern France and the port of Rotterdam are now better than ever with a new rail shuttle and a new inland shipping link.

In late March Euroports Rauma in Finland, ordered 5 forklift trucks, 10 and 16-ton capacity, from Konecranes Lift Trucks. The lift trucks will be delivered together with TRUCONNECT® remote monitoring service in August 2016.

Total throughput for the Port of Hamburg in the first quarter of 2016 was 2.5 percent lower at 34.8 million tons. First noticeable early in the second half of 2015, the economic downturn in China and Russia, both especially important markets for Hamburg, may have slowed somewhat during the first quarter of 2016 – yet Hamburg's seaborne cargo throughput remained below the previous year's record level.

The Board of Directors of the Georgia Ports Authority has elected James L. Allgood as chairman. "With more than 40 years experience as a business leader, Jimmy Allgood provides the insight and leadership skills necessary to continue GPA's progress toward a prosperous future," said outgoing Chairman James Walters.

photo: Congressman Buddy Carter presents outgoing GPA Executive Director Curtis Foltz (left) with a U.S. flag that has flown over the capitol in Washington D.C. Carter recognized Foltz' service to the state of Georgia during his final board meeting before stepping down June 30.