Maritime Cargo News - page 146

 

Technip Buys Out DOF Subsea

Jun 01, 2015

The DOF Subsea Group has entered into an agreement with Technip for the sale of DOF Subsea’s ownership in the joint venture vessel Skandi Arctic, with immediate effect.  According to the company, the transaction is done at market terms and will improve the cash position for the Group…

L.A., Long Beach Create Supply Chain Working Groups

May 29, 2015

Seeking new supply chain efficiencies, the ports of Los Angeles and Long Beach have announced the creation of working groups focusing on peak operations and terminal optimization to develop ways to strengthen the competitiveness of the San Pedro Bay port complex…

Rieber offloads Polar Prince

May 29, 2015

GC Rieber Shipping has entered into an agreement to sell subsea vessel 'Polar Prince', which the company had built in 1999. The transaction gives GC Rieber Shipping an accounting gain of approximately NOK 10 million ($1.3 million). The…

Israeli Dockworkers End Ports Strike

May 28, 2015

Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports. Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders…

Shreyas Shipping Turns Around

May 28, 2015

Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year. According to Rajesh Desai…

SITC Inks Deal with Qingdao Port

May 27, 2015

SITC International signed a strategic cooperation agreement with Qingdao Port International Co., Ltd. in Qingdao yesterday in order to further strengthen the strategic cooperation in the port and logistics market. Mr. Zheng Minghui, Chairman of Qingdao Port Group…

Bangladesh at Front of Shipbreaking Activity

May 27, 2015

There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner regions, Asia/Pacific and Europe account for 88% of the tonnage sold for recycling, according to the latest review of shipbreaking trend by Clarkson Research…

Dubai Establishes Maritime Arbitration Centre

May 25, 2015

The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates Maritime Arbitration Centre (EMAC) says Al Tamimi & Company, Advocates and Legal Consultants…

Indonesia Rolls Out First Green Container Terminal

May 23, 2015

It was an historic moment for Indonesia when President of Indonesia inaugurated the Lamong Bay Terminal in Surabaya, East Java, operated by state-owned PT Pelabuhan Indonesia III (Pelindo III). The Lamong Bay is the first green-concept container terminal in the country…

Tsakos Energy Navigation Reports 156% Increase in Q1 Profits

May 23, 2015

Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents. The results topped Wall Street expectations…

HSH Nordbank Looking to Split Off Bad Shipping Loans

May 22, 2015

HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a 'bad bank' for non-performing shipping loans as part of a plan to create a sustainable business model, reports Reuters. The city of Hamburg was willing…

US DON Launches the "Hatch"

May 21, 2015

The Department of the Navy (DON) launched its crowdsourced ideation platform, the 'Hatch,' May 20. The launch of the Hatch is part of the initiative to build a DON Naval Innovation Network (NIN).The Hatch is an accessible, virtual collaboration…

ABB to Make Robots in the US

May 21, 2015

ABB announced today it will start production of robots in the United States, making it the first global industrial robotics company to fully commit to and invest in a North American robotics manufacturing footprint. The company made the announcement…

World’s Greenest Containership Comes under Malta Flag

May 20, 2015

MV Barzan, a vessel recognized as the world's most environmentally friendly ultra-large container vessel, has been registered on the Malta flag. MV Barzan is one of 17 (11 x 15,000 TEU and 6 x 18,800 TEU) advanced used containerships built…

ICTSI Shows Interest in Greece's Port

May 19, 2015

Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP. “Yes. We are now reviewing this opportunity,” ICTSI vice president and treasurer Rafael Consing Jr…

Logistics News

Pilot Planning Implicated in Tanker Contact with Jetty

Pilot Planning Implicated in Tanker Contact with Jetty

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

China's Commodity Import Trend Driven by Prices, Not Economy

China's Commodity Import Trend Driven by Prices, Not Economy

Subscribe for Maritime Logistics Professional E‑News

Netherlands honors 10th anniversary of MH17 airline disaster
Stocks to enjoy as Biden, Trump contend for presidency
Sempra signs contract with Bechtel to develop Port Arthur LNG stage 2 in Texas