Specialized international shipping law firm Campbell Johnston Clark (CJC) has announced new senior appointments to the Admiralty and Casualty teams in its London and Singapore offices.Paul Apostolis is joining CJC’s Singapore office from HFW…
China said on Wednesday that 'blackmail' wouldn't work and that it would hit back if the United States takes further steps hindering trade, as the Trump administration considers slapping a 25 percent tariff on $200 billion worth of Chinese goods…
PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada, making its first foray into Canada.AT is an inland port facility…
India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative is to improve the returns earned on treasury investments by the ports for pension…
British shipping services provider Clarkson Plc said on Monday an unauthorized third party accessed some of its computer systems in the United Kingdom last year.The unauthorized access to systems from May 31 to Nov. 4, 2017 was gained from a single and isolated user account…
Port of Duqm Company SAOC, a 50:50 joint venture between the Omani Government and the Consortium Antwerp Port (CAP) under its subsidiary called Duqm Industrial Land Company (DILC), has signed a 25 years usufruct land lease agreement for a 50…
Port of Corpus Christi successfully priced and sold $216.2 million of Senior Lien Revenue Bonds. These bonds will be used for both the deepening and widening of the Corpus Christi Ship Channel as well as upcoming capital projects within the Port…
Shanghai NYK-ANJI Logistics - a joint venture operated by Nippon Yusen Kabushiki Kaisha (NYK), Yusen Logistics and ANJI Automotive Logistics (ANJI) - has begun service under a new name.NYK and Yusen Logistics will use this collaboration to begin efforts to expand their supply chain logistics…
The Hong Kong-based maritime transport company Pacific Basin Shipping, has announced unaudited interim net profit of US$30.8 million (HK$241.74 million), compared with a net loss of US$12 million last year.The international dry bulk shipping company declared an interim dividend of HK$2…
Oil and gas equipment supplier Baker Technology on Thursday made a mandatory unconditional cash offer for all the shares in CH Offshore, a vessel chartering firm.'BT Investment (BTI), a direct wholly-owned subsidiary Baker Technology, has announced…
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…
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…
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)…