Taiwanese global shipping and logistics services company Yang Ming Marine Transportation Corp. it had a net loss of $218.5 million in 2018, with operating results significantly impacted by higher fuel prices.According to a stock exchange annoucement from the ocean shipping company based in Keelung…
Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because of shipping disruptions along a waterway affected by a petrochemical fire and spill, according to people familiar with the matter…
Transnet National Ports Authority’s (TNPA) Port of Ngqura is the only port with a green status in the South African port system and maintains this status through a number of innovative measures.“Ngqura is the only South African port that was…
The U.S. Coast Guard on Monday reopened portions of the Houston Ship Channel with restrictions on waterways affected by the petrochemical leak outside Houston that has disrupted ship traffic.The busiest U.S. oil port, shut last Friday after a chemical leak into the water…
Business veteran Ravi Edirisinghe has been appointed Director/Chief Executive Officer of GAC Group of companies in Sri Lanka.He brings to his new role 27 years of knowledge and experience in strategic planning, business development and re-engineering…
CMA CGM chairman and CEO Rodolphe Saadé has signed two strategic partnerships with Lei Fanpei, chairman of the China State Shipbuilding Corporation (CSSC), including an order of 10 containership newbuilds, as well as an agreement to jointly…
Through distributor QOPH Engineering Enterprise, Konecranes has delivered 13 reach stackers to Ethiopian Shipping and Logistics Services Enterprise (ESLSE). This order has put 10 reach stackers at Modjo Port & Terminal, Ethiopia’s main dry port which handles most of the country’s trade…
Previously announced IKEA, CMA CGM, GoodShipping Program and Port of Rotterdam pilot celebrates milestone moment in industry-first partnership.IKEA Transport & Logistics Services, CMA CGM, the GoodShipping Program and the Port of Rotterdam announced the successful refueling on Saturday…
Tehran has in the past threatened to block the Strait of Hormuz, a major oil shipping route at the mouth of the Gulf, in retaliation for any hostile U.S. action, including attempts to halt Iranian oil exports through sanctions.Still, the U.S…
General Electric’s (GE) Power Conversion business and Nedstack, Dutch fuel cell manufacturer, have entered into a partnership to develop hydrogen fuel cell systems for powering zero-emission cruise vessels.The two companies envisage using this technology on passenger ships…
The provider cargo-handling solutions and services to ports and terminals Kalmar has concluded an agreement to supply a further three Kalmar T2 terminal tractors, including preventive and on-call maintenance service, to leading Dutch online retailer VidaXL…
German ocean carrier Hapag-Lloyd expects solid growth in 2019, according to the annual report for 2018 in which the the international container shipping line reports improved earnings.Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd said: 'While our business is and will remain cyclical…
US-based tanker owner Diamond S Shipping Inc. said it has appointed Kevin M. Kilcullen as its new Chief Financial Officer.Kilcullen comes to Diamond S from Oslo-listed chemical and product tanker owner/operator Team Tankers International Ltd…
Even in the face of a raft of geopolitical and trade disputes that have conspired to instill uncertainty in many industries, confidence in the shipping industry rose in the last three months says the latest Shipping Confidence Survey from BDO…
German container liner Hapag-Lloyd sees itself on a promising course to achieve better results and further reduce debts as it cuts costs, benefits from merger synergies and finds itself in an improving shipping industry environment.'We see fairly…