Maritime Cargo News - page 151

 

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…

Evergreen Marine Plans China-Indonesia services

May 16, 2015

The largest container shipper in Taiwan Evergreen Marine Corp will work with China's COSCO Group and China Shipping Container Lines Co to launch shipping services between China and Indonesia later this month. The three partners will assign four 2…

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…

Logistics News

Bulls Joins TVO's Global Business Development Team

Bulls Joins TVO's Global Business Development Team

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

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Four US LNG cargos diverted from Europe to Asia
Asian spot LNG prices drop to new lows of 1 year on weak demand
Adani Ports in India beats its quarterly profit forecast on the back of higher cargo growth