Danish bunker and tanker group Monjasa Group improved profitability in our operations and we continued making progress in optimising operational expenditures in 2017. Together, this led to a financial turnaround compared to an unsatisfactory 2016…
Malaysian-owned global shipping company specialising in the ocean transport of crude oil and refined products AET Tankers and Shell International Trading and Shipping Company formalised arrangements for the long-term charter of AET’s two…
The Port of Long Beach has completed its best-ever first quarter, with marine terminals handling almost 1.9 million twenty-foot equivalent units (TEUs) January through March. The quick start is 19.4 percent more than the first quarter of 2017…
The JSC Aston, one of Russia's largest producers of foodstuffs and ingredients, and is a leading exporter of agricultural goods and vegetable oils, has signed the contracts with two Chinese shipyards for a construction of 4 ships. Addressing…
Orient Overseas International (OOI) has announced a profit attributable to equity holders for 2017 of US$137.7 million, compared to a loss of US$219.2 million in 2016. Earnings per ordinary share in 2017 was US22.0 cents, whereas loss per ordinary share in 2016 was US35…
Insurtech Concirrus and EY announced a new agreement to accelerate the adoption of behavioral-based underwriting and risk management in marine insurance. Concirrus has created market leading artificial intelligence (AI) powered marine insurance software…
In order to provide cadets with hands-on environmental compliance training with the latest technology, State University of New York (SUNY) Maritime College will install a digital environmental compliance tool aboard the Training Ship Empire State (T/S Empire State) for Summer Sea Term 2018…
Peel Ports Group and ASV Global (ASV) have launched a partnership which will develop the use of autonomous vessel technology for U.K. port operations.The partnership kick-started with a visit from ASV’s team to the Port of Liverpool, to demonstrate the C-Cat-3…
Switzerland based equipment manufacturer Liebherr Group reports its 2017 turnover was the highest in the group's history, with total sales of €9,845 million.The company’s 2017 revenue increased 9.3 percent compared to the previous year, a trend the group says it believes will continue in 2018…
South Carolina Ports Authority announced the strongest monthly container volume in its history, with 199,659 twenty foot-equivalent container units (TEUs) handled in March. The month was nearly 4 percent higher than March 2017, which was the Port's previous record month for TEUs…
King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development…
The Port of New Orleans (Port NOLA) received an Environmental Leadership Award from the Louisiana Department of Environmental Quality (LDEQ) on April 10, 2018, for the success of its Clean Truck Replacement Incentive Program (Clean TRIP) which…
Forth Port’s Chief Executive was joined by apprentices, graduates and Skills Development Scotland for a ‘turf-cutting’ ceremony to officially mark the start of construction of a new, purpose-built, Training Academy located within the Port of Grangemouth…
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company…
World goods trade will grow 4.4 percent this year, maintaining a rapid recovery that could nevertheless unravel if trade tensions escalate further, the World Trade Organization said in its annual forecast on Thursday. Global trade growth…