KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has appointed a new Senior Bunker & Lubricant Trader, Dimitrios Bouzoukis, at its Athens office.Dimitrios, who brings with him over…
Dubai's DP World has appointed chairman Sultan Ahmed bin Sulayem as permanent chief executive with immediate effect, the port operator said on Monday, two weeks after he took interim charge following the retirement of the former CEO.Sulayem will hold both roles simultaneously…
Cyprus shipping sector has evolved in the recent years as one of the leading sectors of the economy and “navigates” Cyprus to economic recovery, President of the Republic Nicos Anastasiades stressed says a report by CNA. President Anastasiades…
China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port…
Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015 full year financials when compared to 2014. The liquefied natural gas (LNG) shipper said the higher earnings compared with RM2…
The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry, says a report in the WSJ. The merger will free the…
Bunker trading company Dan-Bunkering has announced the employment of Morten Dehn as the company’s new Group Key Account Manager and Jane Bisgaard as Group Financial Business Partner. Dehn is 44 years old and is, among other things, in possession of extensive knowledge within fuel procurement…
Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei. The global commodities bust has rocked the dry-bulk shipping industry…
Subsea UK announced today, at Subsea Expo, that it will sponsor an initiative which inspires budding subsea engineers for a second year. The body which represents the £9billion subsea industry has now committed £20,000 to the Scottish MATE ROV competition…
The Korean shipping giant Hanjin Shipping improved its financial result in 2015 and came back to profit trajectory. It reported a $6m net profit in 2015 from a $396m loss the previous year and said it expects cost-saving measures to help it weather a tough 2016…
The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total deadweight of 12…
Royal Caribbean Cruises Ltd reported 2015 results and provided guidance for 2016. Continuing on its Double-Double trajectory, the company’s adjusted earnings for 2015 were $4.83 per share – up 42% over 2014, and are expected to further increase to $5…
A new 24-hour general strike in Greece is planned for February 4, by both public and private sector unions, while the Seamen’s Union is scheduling another 48-hour strike on the same date, Inchcape Shipping Services (ISS) is advising.The…
Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company's business plan to focus on profitable trade areas in which ZIM enjoys competitive advantage…
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment. 'January is usually an off-season for shipbuilders…
