Monaco-based liquefied natural gas carrier owner GasLog has reported a sharp increase in profits in 1Q15, saying the sector's medium- to long-term outlook remains encouraging. Group net profits jumped to $13.8 million in 1Q15 from $6.4 million in the same period last year…
Italy-listed D'Amico International Shipping (DIS) made a net profit of $11.4m in the first quarter, reversing its net loss of $6.8m last year, as the product tanker freight market improved. The board of the product tanker owner on Wednesday…
A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks. The study, commissioned by Brussels-based NGOs Seas at Risk and Transport & Environment…
UK- based shipping consultants Drewry said that it was only a matter of time before these carriers make the formal announcement that Hamburg Süd is to become a fully-fledged member of Ocean Three, or Ocean Four as it will presumably have to be re-named…
Suezmax tankers are looking good for a strong 2015 year, before posting a mild downside during 2016, but are poised to accelerate yet again in 2017 on rising deliveries, said shipbroker Charles R. Weber in its latest weekly report (Ref. Weekly…
The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a program to help citizens report criminal activity at the port, the U.S. Department of Justice said in a statement on Thursday.Ronald Boyd…
UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit)…
D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each. The tankers are expected to be delivered mid-2017. The 75,000-dwt eco-LR1 product tankers will be built in Vietnam by Vinashin Shipyard…
Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike. “The Teamsters union started informational picketing this morning at the Port of Long Beach…
APM Terminals Maasvlakte II held a ceremony to celebrate the opening of the world’s most automated container terminal. The event that was attended by Dutch King Willem-Alexander and 500 representatives of the port industry and governments from around the world…
Israeli liner carrier Zim Integrated Shipping Services is launching a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May. The 10-ship loop will call in South China, Vietnam, Colombo, New York, Savannah and Norfolk…
Banks are beginning to recommend efficiency retrofits to shipowners, and are using energy-efficiency data in deciding which vessels they finance—and which they won’t, says a survey conducted by Carbon War Room. If this trend continues…
Yang Ming Marine Transport Corporation, Taiwnanese global shipping and logistics services company, will take delivery of 14 large-sized ships over the next two years, as it moves to expand its fleet of shipping vessels. At the end of March…
Star Bulk Carriers Corp has added M/V Star Jennifer (ex 'Ore Hansa), a 82,290 dwt Kamsarmax bulk carrier, built in 2006, to its fleet. The Company completed the acquisition of 34 vessels from Excel Maritime Carriers Ltd under an 'en bloc' transaction announced on August 19…
The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 20-foot equivalent container units (TEUs). “We are moving record volumes while maintaining excellent service levels for our customers…
