EBITDA of EUR 123.4 million / EBIT of EUR 4.8 million / Transport volume up 2.1% / Sharp year-on-year decrease in freight rate / Further efficiency measures plannedHapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016…
Coast Guard Training Center Cape May hosted congressional staff members, Friday, for a display of various Coast Guard assets during Coast Guard Mission’s Day.More than 40 congressional staffers arrived by bus to the training center where…
Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months. The decline also reflects evolving vessel alliances that have shifted ship deployments…
The verdict at the 5th India Marine Salvage and Wreck Removal Conference of Hinode held this time in Mumbai last week was clear and unanimous. The presentations as well as the deliberations highlighted an upbeat atmosphere indicating the growing…
As part of a Whitsunday voyage from Bergen to Shetland, the crew and trainees will be treated to a celebratory welcome from harbour tugs Knab and Kebister when the ship arrives at Lerwick on Friday morning. Later that evening, Captain Marcus…
* 402MW project co-developed by Masdar, Statoil and Statkraft expected to start commercial operations by the second half of 2017 * First offshore wind project developed with United Kingdom's CfD incentive scheme to reach financial close…
BIMCO’s Documentary Committee, who met in Copenhagen yesterday, have agreed that all new and revised BIMCO charter parties and bills of lading will now refer to general average being adjusted in accordance with the new York-Antwerp Rules (YAR) 2016…
Diversified Port Holdings (“DPH”) announces the acquisition of Liberty Terminals based in Savannah, Georgia with additional operations in Charleston, South Carolina. Liberty Terminals will operate as Seaonus Stevedoring-Savannah LLC. The acquisition aligns Liberty and Seaonus’s vision…
Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry…
Chief executive of Livingston-based Cyberhawk Innovations, Craig Roberts, has been shortlisted as a regional finalist in the 2016 EY (Ernst and Young) Entrepreneur of the Year Awards for Scotland. Formed in 2008, Cyberhawk has grown significantly…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, today accomplished a discharge record of 1,64,914 metric tons of steam coal from vessel MV Marijeannie within 24 hours. MV Marijeannie carrying 1…
The 24 fishing boats rusting in the harbour of Mozambique's capital were meant to be a modern tuna fleet that would rake in hard currency, create jobs and provide a cheap source of protein for one of the world's poorest countries.Instead…
The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.Manchester, designated LCS 14, honors the city of Manchester, New Hampshire…
Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented by competition committee chairman Sergey Donskoy, Minister of Natural Resources and Environment of the Russian Federation…
The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap. Australia’s current supply ship HMAS Success will reach its end of life in 2021 and needs to be replaced as a matter of priority…
