Cosco Shipping Holdings Co Ltd says it expects net profit of about 2.7 billion yuan in 20117 versus net loss of 9.9 billion yuan a year ago. (Reporting by Hong Kong newsroom)
The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, weighed down by lower rates across vessel categories. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities…
Electricite de France (EDF) has offered up to three billion cubic metres of annual regasification capacity at the Dunkirk liquefied natural gas (LNG) import terminal for 18 years from Jan. 1, 2019, it said in a market notice.The terminal's…
The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets. Coal producers filed two recent lawsuits against governments…
Ivory Coast exported 701,034 tonnes of natural rubber in 2017, up more than 31 percent from the previous year, provisional port data showed on Tuesday. Ivory Coast, the world's top cocoa producer, is also the leading producer of natural rubber in Africa…
Olympia GR, a 61,222 DWT Ultramax dry bulk carrier, has been successfully delivered to M/Maritime Corp from Shin Kurushima Toyohashi Shipbuilding Co. Ltd. Recently, the clients of M/Maritime Corp. signed two shipbuilding contracts for the acquisition of two 60…
Dubai-based Gulf Navigation Holding PJSC (GulfNav) is in discussions to acquire a majority stake in Singapore-based Atlantic Navigation Holdings, a provider of offshore marine logistic services. Atlantic is an integrated offshore supply operation…
Kuwait Oil Tanker Company (KOTC) has signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for three very large gas carries (VLGC). The three 84,000 cbm LPG carriers are expected to start delivery in 2019. The contract worth USD 213…
Japanese shipping company NYK Line announced that it signed a contract with EDF LNG Shipping, a subsidiary of Electricité de France (EDF), to charter a newly built LNG carrier for a total of seven years, with optional extension periods for up to 13 more years…
Ocean carrier Hapag-Lloyd will commence a new weekly service between the Port of Jeddah and the east coast of Africa in April. With the East Africa Service (EAS), the liner shipping company will be calling at the ports of Mombasa (Kenya) and Dar es Salaam (Tanzania) for the first time…
In 2017, global ton-mile demand to transport crude and residual fuels increased by 5.4 percent, supported by a 4.9 percent increase in VLCCs (which accounted for 62 percent of the total demand for dirty tankers), according to McQuilling Services’ 2018-2022 Tanker Market Outlook report…
Portugal’s Blue Atlantic has released new plans for an 800 meter quay to berth two Panamax vessels showcasing its maritime trade potential. The 96-hectare site for sale in one of Europe’s leading maritime industrial zones is being primed for maritime…
The Baltic Exchange's main sea freight index inched lower on Monday, ending a five-day winning streak, as rates for panamax and smaller vessels eased. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities…
Bharat Mumbai Container Terminals Private Limited (BMCT) said it received its first container arriving by road during a gate opening ceremony officiated by Vivek Johri (IRS), Chief Commissioner Customs, Jawaharlal Nehru Customs House. The container will be loaded on CMA-CGM’s vessel Centaurus…
Germany's Rhine river was reopened to shipping on Monday after waters fell, following its closure for the past week as rain and melting snow raised water levels, authorities said.High water mostly peaked in north Germany over the weekend…