For the second quarter ended 30th June 2018, total volumes were 4.6% up from the same period last year said Orient Overseas (International) Limited. Total revenues increased by 4.0% to US Dollars 1,462.4 million.Loadable capacity increased by 4…
In a continued effort to provide our customers with reliable and efficient service, CMA CGM Group will upgrade its service offering connection India and Middle East to East Africa., said press release from the company.Starting 17th August 2018…
The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035, under Sagarmala Program.Out of these 44 projects (USD 1.25 bln) have been completed…
Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The loss for the second quarter of 2018 includes $15.6 million of impairment charges of one vessel and $19…
Overcapacity, Fleet Supply, Weakened Earnings, Consolidation – and now – fears of trade wars fuel further uncertainties for an already unsteady boxship climate. MLPro’s Barry Parker digs in to get to the bottom of all of it.The report season…
The Port of Corpus Christi said it has raised $216.2 million to support the deepening and widening its ship channel and other projects through a Senior Lien Revenue Bonds sale.“We are pleased with the level of interest the institutional investment community demonstrated for both series of our bonds…
Ocean carrier APL unveiled a new Japan Russia Express (JRX) service, which it says is the only weekly Japan-Russia ocean freight service to be available in the marketplace.A jointly operated service with TG FESCO, the JRX service will commence…
ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1…
The port of Rotterdam achieved throughput of 232.8 million tonnes in the first six months of 2018. That is 2.2% less than in the first six months of 2017.Container throughput, one of the strategic priorities of the Port Authority, rose by 5…
Monaco-based international shipping company Scorpio Bulkers announced that it has received a commitment from ABN AMRO Bank N.V. and Norddeutsche Landesbank Girozentrale for a loan facility of up to USD 60 million.The loan facility will be used…
Liberia is the fastest growing major open registry in 2018 in both the shipping and offshore sectors, according to shipping services provider Clarksons in its Clarksons World Fleet Monitor June 2018.Alfonso Castillero, CCO of the Liberian International Ship & Corporate Registry (LISCR)…
Malaysian maritime officials are touring the Port of Bintulu on Borneo island as part of an International Maritime Organization (IMO) training package helping countries to reduce emissions in ports.Thirty participants from authorities and ports…
Damen Shiprepair Harlingen (DSHL) has completed maintenance and repair works on the Fugro Mercator, a twin-hulled survey vessel operated by Fugro.Fugro Mercator is a 42.35-metre survey vessel deployed in some of the most challenging locations by Fugro for bathymetric and geophysical surveys…
In an industry facing significant skill shortages many organizations are ready to take a fresh approach to recruiting and retaining women in the shipping workplace. According to Lee Clarke, Regional Director – Northern Hemisphere at Dynama,…
Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region…