APM Terminals to grant USD$3-million for development of a new modern commercial fishing terminal at the Port of Callao, Peru.The local fishing industry had been concerned about potential displacement with the ongoing construction of a new expanded cargo facility at the port…
Breakbulk's first Africa conference discusses challenges, opportunities in moving breakbuld & heavy-lift cargo in & out of Africa.South Africa's national transport company is planning infrastructure improvements that will move cargo from highways to rail…
Korean Shipbuilder Hyundai Mipo reports net plunges on falling orders in second quarter of 2012.Hyundai Mipo Dockyard Co.,reports that its second-quarter earnings dropped 76 percent from a year earlier mainly due to a decline in new shipbuilding orders reports Korea Times…
German shipbuilder P+S Werften fights for time to stave off insolvency.Troubled German shipbuilder P+S Werften, which operates two of the country's biggest shipyards, has asked some of its customers to pay for ships in advance to bridge a liquidity shortfall and avert insolvency…
Port of Rotterdam Authority wants to intensify investment programme for Port Vision 2030 in light of increased financial returns.In the first half year, the Port of Rotterdam Authority result increased by €21 million to €119 million (22%)…
The European Commission propose to grant €2-million from the European Globalisation Adjustment Fund (EGF) to help 450 redundant workers in the shipbuilding ancillary industry in Galicia get back into employment.The funds, requested by the Spanish authorities…
China Rongsheng profit dives as new ship orders dry up.China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting…
GasLog Ltd., owner, operator & manager of liquefied natural gas (“LNG”) carriers, reports financial results for second quarter 2012.GasLog’s fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order…
Damco announce continued good progress moving into the second half of 2012 despite tough conditions in the global freight markets.Damco is part of the A.P. Moller - Maersk Group, and specializes in customised freight forwarding and supply chain solutions…
Conrad Industries, Inc. headquartered in Morgan City, Louisiana announce favourable second quarter results.Conrad Industries, Inc. designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel…
A Singapore stock exhange error was at first suspected as shares in STX Pan Ocean Co. plunged 64%.The Singapore Exchange said there was no trading error behind the recent 64 percent plunge by shares of STX Pan Ocean Co. (STX), South Korea’s biggest dry-bulk carrier…
China's Ministry of Industry and Information Technology reports that orders in first half 2012 are down by 50.3% year-on-year.The volume of handling orders was a mere 125.87 million DWT by the end of June, down 30.7 percent year-on-year…
AS Tallink Grupp announce unaudited net profit in second quarter 2012 increased by 47%.AS Tallink Grupp is one of the largest ferry companies in the region, operating six routes between Finland, Sweden, Estonia and Latvia. The company has…
Canada's largest & most diverse port releases its 2012 mid-year results, posting growth of 6% overall.The 2012 mid-year statistics report shows that Port Metro Vancouver handled 62.3 million tonnes of cargo through the end of June and is on track for another strong year…
Dredging & maritime works specialists Royal Boskalis Westminster N.V. reports a 12% increase in revenue in first half year report 2012.HIGHLIGHTS· Record revenue of EUR 1.4 billion· EBITDA of EUR 255 million· Net profit of EUR 102…