The Canadian Ferry Operators Association (CFOA) expresses approval of industry-related budget measures.“This government continues to demonstrate its commitment to transportation infrastructure,” said Serge Buy, CEO of CFOA. “We look forward…
International accountant and shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector.Measures which will have an impact on the shipping industry include a reduction in the main rate of UK corporation tax…
China Shipping Terminal Development agrees to buy a 24 per cent stake in APM Terminals' Zeebrugge in Belgium.The move came six months after the firm, which is wholly owned by China Shipping Container Lines, expressed interest in taking a stake in the Zeebrugge facility…
DP World announce financial results from its global portfolio of marine terminals for the twelve months ending 31 December 2012. DP World Chairman, Sultan Ahmed Bin Sulayem commented; “DP World delivered profit for the year of US$749 million…
Shell was a high bidder on 38 Gulf of Mexico blocks at the US Bureau of Ocean Energy Management (BOEM) Lease Sale 227.Shell continues to build upon a strong position in the Central Gulf of Mexico, bidding on a total of 43 blocks and exposed approximately $166 million…
Greece's Diana Shipping reports fourth quarter and year ended 31, December, 2012 results.Diana Shipping Inc. a shipping company specializing in the ownership and operation of dry bulk vessels, reported net income of US$ 5.0-million for the fourth quarter of 2012…
Decom North Sea (DNS) welcomed changes in the Budget that will boost the sector by giving increased certainty in turn leading to new jobs and investment in new technology. With annual decommissioning expenditure in the North Sea forecast to top £1billion within a few years…
Waterways Council, Inc. (WCI) President/CEO Michael J. Toohey issued the following statement regarding today’s mark-up of the Water Resources Development Act (WRDA) in the Senate Environment and Public Works Committee: “We thank Chairwoman…
Intelsat S.A. announced that its subsidiary, Intelsat (Luxembourg) S.A. intends to offer $1,500,000,000 aggregate principal amount of senior notes due 2021. Intelsat Luxembourg's obligations under the notes will be guaranteed by Intelsat S…
Wilson Sons Limited announces its results for the Fourth Quarter and full year 2012.Wilson Sons Limited, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics solutions. Its principal operating…
Rates to ship iron ore, coal and grains rose for the longest streak in almost a year on speculation Chinese demand increased. The Baltic Dry Index gained for a 15th straight session, adding 1.4 percent to 912 today, according to the Baltic Exchange…
Greece's Star Bulk Carriers Corp. announce its unaudited financial & operating results for the 3 & the 12 months ended December 31, 2012.Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector…
Newbuildings orders for 5 container ships were cancelled and advance payments partially refunded by the shipbuilders.In addition, the company reached an agreement regarding the postponement of payments due in 2013 for other orders. The agreements…
India's largest major port, Kandla Port Trust (KPT) invites global bids for setting up a container terminal at nearby Tuna -Tekra.The port authority has invited expression of interests (EOIs) from global majors for setting up the container terminal on build…
The Canadian St. Lawrence Seaway Management Corporation (SLSMC) increase tolls 3% for 2013 season.There are no tolls charged for transiting the U.S. section of the Seaway's lock system which is operated by the U.S. Saint Lawrence Seaway Development Corporation…