Maersk Line reported a first half-year 2015 (H1) result that is USD 220 million higher than H1 2014. This was achieved due to lower costs.Revenue in H1 was USD 12,517 million, which is 6.8% lower than H1 2014 (USD 13,365 million). Volumes were 1…
The depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition, says Maersk. Xinhua quoted Tim Smith, chairman…
Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period. The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low rates…
Hamad Port welcomed its second commercial carrying the second shipment of cranes which includes four Ship to Shore (STS) Cranes and six Rubber Tyred Gantry (RTG) Cranes, says a report in the Gulf Times. This, along with other key developments…
A passenger ship, owned by Roble Shipping, carrying more than 500 passengers caught fire at Ormoc port in Leyte, Phillipines early Saturday (August 15). Philippine Coast Guard spokesperson Commander Armand Balilo said 3 crewmembers of the…
Migrants desperate to get off the Greek island of Kos fought each other on Saturday while nearby a passenger ship chartered to house and process refugees lay empty 24 hours after it had arrived.Outside the island's main police station…
The NATO Centre for Maritime Research and Experimentation played a crucial role in developing the maritime component of the ICARUS European project, including enhanced autonomy and integration between Unmanned Surface Vehicles and Unmanned Aerial Vehicles On 9-10 July 2015…
In the wake of the explosions near Tianjin port on Wednesday 12th August, MSC confirms that Tianjin Pacific International Container Terminal (TPCT) which is used by MSC, is located 6 kilometers from the blast site at the East Port Area. All…
The Suez Canal Authority has announced that following the completion of the latest development phase, the rules of navigation edition August 2015 are in effect since 13 August.Booked transits may be cancelled or altered by notice to the…
ASV is delighted to announce that James Hailstones has joined the team as the company expands its reach into the Offshore Energy market. Based in Aberdeen, James will lead industry engagement as more firms look to introduce Autonomous Surface Vehicles into their operations…
Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014…
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry…
• Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015.• Group secured new chartering contracts worth a total of US$132.2 million in 2Q2015 and that brought total order book to US$307…
Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT. Maersk overcame low oil prices…
Italian builder Filippetti Yachts has unveiled the brand new Navetta 35 design. The new design is principally on a three-deck design -Lower, main, upper with an open air sun deck area. The 35 metre project has been developed to adhere to the strictest environmental standards…