The International Bunker Industry Association (IBIA) will be holding a forum entitled: ‘Bunkering with new fuels – Building on strong foundations’ as part of London International Shipping Week, on Wednesday 9 September. The event will…
Reference is made to the announcement on 30 March 2015 appointing Svein Tore Holsether as new President and Chief Executive Officer of Yara International ASA. Holsether will join Yara on 9 September 2015, succeeding acting CEO Torgeir…
The Indian ministry of shipping unveiled its vision document for Coastal Shipping, Tourism and Regional Development on Monday at Dona Paula, Goa at the 16th meeting of Maritime States Development Council (MSDC), reports Times of India. The…
A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020. South Korean shipping company Polaris Shipping will reportedly invest $500 million (KRW 600 billion) to construct the facility…
The Nigeria Liquefied Natural Gas company (NLNG) has shipped 3,200 liquefied natural gas (LNG) cargoes by Q2 of 2015, since it began international gas exports in 1989, the managing director, Babs Omotowa said, reports Business Day. Omotowa…
The turmoil spreading from China is certainly not good for the shipping market, says billionaire John Fredriksen to Bloomberg News. John, the billionaire who made his fortune investing in crude tankers, said he’s “very worried” on global shipping markets…
Sri Lanka based shipping company- Herbilan Shipping Pvt Ltd is all set to launch Colombo-Vizag-Yangon (Myanmar)-Colombo service from September 1, reports the Hindu. “One of the main reasons for Herbilan Shipping to launch the service is…
American-owned NVOCC Troy Container Line Ltd. has appointed Chris Donzelli as the company’s new Midwest Account Executive. Based in Chicago, Donzelli has been charged with expanding Troy Container Line’s presence in the Midwest region. In this new position…
German ocean carrier Hapag-Lloyd aims to launch preparations for an initial public offering (IPO) in September, which is sooner than it originally planned, as a result of strong financial results, says Reuters. Hapag-Lloyd’s solid second quarter financial performance…
Royal Dutch Shell plc recently entered into an agreement with Thailand-based companies to develop a liquefied natural gas (LNG) terminal at the Dawei special economic zone in the Tanintharyi Region in Myanmar, says local daily Myanmar Times…
The recession, gradually engulfing the world commodity production, has become apparent amid the dynamics of rates for international dry cargo transportation, reports abc.az The key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26…
Despite a variety of adverse economic and climatic conditions, perishable reefer cargo growth appears unstoppable, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Worldwide perishable reefer trade increased by 1…
Mundra International Container Terminal (MICT) received the Gateway Award for Container Terminal of the Year in recognition of its performance, operational excellence, growth in throughput and breaking the one-million-TEU mark.The award was received by Tejas Nataraj CEO MICT…
GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future…
Norway’s Farstad Shipping ASA has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46…