Honolulu-based Matson Inc reported fourth-quarter net income of $166.9 million. On a per-share basis it has profit of $3.90. The ocean transportation and logistics services company posted revenue of $516.1 million in the period, beating Street forecasts…
iContainers, a 100% online freight forwarder, has been chosen as one of the 32 most innovative and disruptive companies to represent Spain at the Spanish pavilion at this year’s 4YFN (4 Years From Now), a business platform for startups that’s…
The Singapore maritime industry looks well-positioned for the future, with strong support from SkillsFuture Singapore (SSG), the Maritime and Port Authority of Singapore (MPA), and Singapore Maritime Officers’ Union (SMOU) in the form of continued…
In a move to maintain the highest possible service levels to its Members in Asia, Britannia P&I has recently made two important changes. In April last year, Britannia’s Managers, Tindall Riley, acquired the club’s Exclusive Correspondent in Japan…
A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday. Maersk, the world's largest container shipping company…
Danish shipping company J. Lauritzen adds CEO of Norwegian Odfjell, Kristian V. Mørch, and CFO of the cleaning company ISS, Barbara Plucnar Jensen, into its board of directors. 'J. Lauritzen A/S in March 2018, Kristian V. Morch, CEO at Odfjell SE…
Oslo Stock Exchange has decided to delist the shares of Singapore-based Emas Offshore from trading. The offshore services provider considers this decision detrimental to its ongoing restructuring efforts. The Oslo Stock Exchange released a statement on Monday…
Iskes Towage & Salvage, the leading maritime service provider based in the port of IJmuiden, Amsterdam, has taken delivery of two Damen ASD Tugs 2810. The vessels were built at Damen Song Cam Shipyards, Vietnam, and delivered last year to Damen Shipyards Gorinchem…
GTT announces it has received several orders, since the beginning of the year, for the equipment of three LNG Carriers (LNGCs) and one bunkering vessel. The three LNGCs, offering capacities ranging from 174,000 to 180,000 m3, will be built…
India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the Prime Minister Narendra Modi laid the foundation stone for the fourth container terminal…
Incat Crowther has appointed Ed Dudson as Managing Director of its UK business and as a board member contributing to overall business direction. With more than twenty five years of experience in the design and construction of high performance vessels including fast ferries…
On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing…
Norwegian shipowner Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat charters to companies owned and guaranteed by Louis Dreyfus Armateurs Group (LDA)…
Transocean announced that an agreement has been reached with the incumbent customer to amend the drilling contract on the harsh environment semisubmersible Transocean Leader. The rig experienced equipment breakdown that could not be repaired timely…
As of 31 December 2017, Philly Shipyard had an order backlog of USD 187.7 million. The contract with Matson (Hulls 029-030) provides for shipbuilding activity with delivery dates through Q1 2019. On 20 November 2017, Philly Shipyard delivered Hull 028…