Maritime Cargo News - page 147


Dynagas LNG Beats Profit Forecasts, May Add Five More LNG Tankers

May 16, 2015

With earnings, adjusted for amortization costs, profits came to 43 cents per share, Greece-based Dynagas LNG Partners LP (DLNG) exceeded Wall Street expectations. The company is looking into the opportunity of acquiring five LNG carriers…

Drewry Expects Dry Bulk Shipping Recovery in 2017

May 16, 2015

Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry…

Glencore Calls for Price Regulation in Newcastle Port

May 14, 2015

Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the  newly privatised Port of Newcastle, reports  The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1…

Mitsui Charters Eight LNG Newbuild

May 12, 2015

Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States. “Mitsui has newly contracted yesterday the eighth ship…

Evergreen Launches New Shipping Route in SE Asia

May 10, 2015

Taiwan's Evergreen Marine Corp. is launching a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN). Starting today (May 10), two 1,164 twenty…

Nor Lines Launches Cuxhaven RoRo Link

May 10, 2015

The Norwegian shipping company Nor Lines has started a direct weekly RoRo connection between German Port of Cuxhaven and Norway. The first departure of the liquefied natural gas (LNG)-powered 5,000 dwt short sea cargo vessel MS Kvitbjørn was on May 7…

Diana JV with WSM

May 10, 2015

Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June…

ZIM Expands Asia-ECSA Services

May 10, 2015

Israeli container carrier ZIM is expanding its Asia – South America East Coast (SAEC) via the Suez Canal at the end of May.The new service, Asia – East Coast Brazil (AEC), a collaboration with the SSA group, will allow ZIM to offer a second weekly service on this trade…

U.S. Intermodal Volumes Rose 4.5% in Q1/15

May 08, 2015

According to a report issued by the Intermodal Association of North America (IANA), domestic intermodal volumes rose 4.5 % in the first quarter of 2015, buoyed by domestic containers, which rose 6.5 percent in a quarter-over-quarter comparison…

GasLog Proft Doubles, But Misses Forecast

May 07, 2015

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…

D’Amico Sees Q1 Net Profit of $11.4Mln

May 07, 2015

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…

New Ships Meet 2020 Design Standard

May 06, 2015

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…

Hamburg Süd Eyes Ocean Three Membership

May 05, 2015

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 Tanker Market on the Rise Yet Again

May 04, 2015

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…

Feds Indict LA Port Police Chief

May 01, 2015

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…

Logistics News

Italy's New FLNG Terminal to Be Operational by March 2025

Italy's New FLNG Terminal to Be Operational by March 2025

New Cruise Terminal to Be Built in Port of Klaipėda

New Cruise Terminal to Be Built in Port of Klaipėda

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Adani Aims to Complete Phase One of Long-delayed Port by Year-end

Delft Students Cross North Sea on Self-Built Hydrogen Boat

Delft Students Cross North Sea on Self-Built Hydrogen Boat

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