Diana Containerships Inc. (NASDAQ: DCIX) reported a net loss of $8 million for the second quarter of 2016, compared to a net income of $0.9 million for the respective period of 2015. Time charter revenues, net of prepaid charter revenue amortization…
J.F. Lehman & Company, a middle-market private equity firm focused on the aerospace, defense and maritime sectors, has promoted Glenn M. Shor to Managing Director effective July 1, 2016. he firm also recently promoted David F. Thomas to Vice President and R…
Dubai shipping volumes - cargo handled at Dubai's ports, which includes flagship terminal Jebel Ali - fall for third quarter Gulf News reports quoting the latest DP World figures. DP World's ports in the United Arab Emirates, all located in Dubai…
Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else. According to Korea Herald, the country's No.1 shipping line has come under growing pressure…
As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered. To date $28…
DP World Limited handled 31.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2016, with gross container volumes growing by 2.5% on a reported basis, and up 1.2% on a like-for-like basis…
UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry. Patrick Walters, Peel Ports’ Group Commercial Director, believes that the bigger Brexit-related risk for UK container…
Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement plan is good enough for HHI to make operating profits and secure liquidity even in the worst case scenario…
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020. The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th October 2002…
The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and development of trade routes in the region. In this episode of the McKinsey Podcast…
Indian Oil Corporation (IOC), the country's largest oil company, is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.4,500 crore ($669 million) Mundra LNG import terminal, according to PTI…
Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a previous barrier and threatened the drinking water of several communities along the coast…
Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.A Hague arbitration court awarded the U.S. company $96 million…
Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm, also known as the European Offshore Wind Deployment Centre. Following the…
Crowley Maritime Corp.’s Thomas B. Crowley Sr. Memorial Scholarships are helping to further educational opportunities for two students of the Great Lakes Maritime Academy (GLMA). Crowley recently awarded scholarships to Matthew C. DuBon…
