The board of directors of Globe Express Services (GES) has appointed Mustapha Kawam as the company’s new president and chief executive officer. Kawam takes the helm of GES after working for the company for 20 years. The company in 1995 and has held a range of leadership positions in the company…
A subsidiary of Islamic Republic of Iran Shipping Lines (IRISL) has launched a series of new routes across the Caspian linking Russia and Kazakhstan, reports Informatore Navale. This initiative will bring six sailings per month for new services…
South Korea mulls a US$4.8-billion (S$6.5 b) 'rail canal' project to Thailand that would be able to cut 2,000km and two days off the shipping route through the Strait of Malacca, reports Reuters. The project that could entail the new concept of a 'dry canal' for conveying ships by rail…
Victoria International Container Terminal Ltd (VICT) has chosen to implement the wide range of port community solutions that 1-Stop Connections (1-Stop) have to offer. 1-Stop is already the system of choice at the Port of Melbourne, where…
Honda’s division in Malaysia has opened East Malaysia Logistics Hub in Kota Kinabalu which will be operated and managed by logistics and shipping firm Giga Shipping. Pre-delivery inspection (PDI) management undertaken by Giga Shipping will include standard key management system…
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…
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…
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 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 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 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…
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…
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…
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…
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…
