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)
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…
Canal Shipping Agencies Co: H1 net profit after tax EGP 79.5 million versus EGP 153.7 million year ago Sees FY 2018-2019 net profit of EGP 155 million
Petróleo Brasileiro SA (Petrobras) has announced its intention to join the Oil and Gas Climate Initiative (OGCI). The company revealed that its CEO, Pedro Parente, has signed a letter of engagement so that the company can become an effective member of the voluntary initiative…
Intermarine, LLC, a global leader in the transport of project, breakbulk and heavylift cargo, has named Alejandro Pla as Country Manager – Mexico. He will be based in Mexico, City. Pla has more than 24 years of experience in a variety of roles in shipping and logistics…
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have decided to work in the field of liquefied natural gas (LNG) bunkering in Japan. A joint statement that LNG…
Capital Ship Management Corp. and Liberty One have announced the establishment of a joint venture under the name Capital Liberty Invest, taking aim at the German shipping market. The new entity will combine the forces, excellent track record…
U.S. ocean carrier TOTE said its plans to enter the domestic Hawaiian trade have been derailed by the scope and timing of infrastructure upgrades that would be required to accommodate the new service.TOTE had been earmarked access to Honolulu…
Greek owner and operator of dry bulk and container vessels Navios Maritime Partners has agreed to acquire two 2006-built Panamax vessels with a capacity of approximately 74,500 dwt each, for a total purchase price of USD 22 million. The…
Sweden’s Dellner Group with its subsidiary Dellner Brakes said it has signed an agreement to acquire German industrial braking manufacturer Pintsch Bubenzer in a deal it hopes will pave the way for the companies’ global expansion. This acquisition…
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston, Houston Chronicle reported quoting data sent to the Texas Workforce Commission (TWC)…
International law firm Hill Dickinson has appointed partner Siiri Duddington to join its expanding shipping team. Formerly a partner at Campbell Johnston Clark (CJC), Siiri spent six years at the firm advising on a wide range of dry shipping…
The CMA CGM Group has hired Rajesh Krishnamurthy as group senior vice president IT & transformation, as the French container carrier seeks to further accelerate its digital push. Digitalization is considered an integral piece of CMA CGM’s growth plan…
Danish container shipping giant Maersk Line has followed in the footsteps of its counterparts CMA CGM and Hapag-Lloyd and joined the New York Shipping Exchange (NYSHEX) as its founding member. Along with Hapag Lloyd, CMA CGM, MOL, OOCL…
COSCO Shipping Ports , the world’s leading port operator, announced a signing ceremony was held today with Port of Zeebrugge in Brussels of Belgium for the concession terms of CSP Zeebrugge Terminal. The event also witnessed the signing of…