No kickbacks were paid in connection with the purchase of Scorpene submarines for the Indian Navy in 2005 from French company Thales the government has told the Delhi High Court, reports PTI. Indian government was responding to a PIL, filed…
German Government-backed project could mark the start of a series of vessel conversions. Wessels Reederei has received a government grant to convert one of its container ships to liquefied natural gas (LNG). The company said it has received…
‘VWGate’ has raised a flag for managers and technicians in the transport business. ‘Efficiency’ used to be left to the market, but the intrepid twins, consumer health and climate change, have changed all that, says a report from Clarkson Research Services…
Despite a significant general decline in the number of containers handled in Russian ports, multimodal operator Ruscon has seen its own numbers rise. Ruscon, a subsidiary of leading Russian container transport company GCS, handled 65…
The Helen Delich Bentley Port of Baltimore handled a record 86,149 twenty-foot-equivalent units of total container volume in August as shipping volume continued to swell. August volume of total containers, including empties, rose 12.6 percent…
The heavy lift arm of China’s Cosco Group, China Shipping Co (Coscol) has almost doubled its profit for for the first nine months despite a fall in revenue. Coscol recorded a profit of RMB366.08m ($57.67m) from January to September, a surge of 90…
The Port of Seattle Commission approved a motion to provide four weeks of paid parental leave for non-represented employees during the 12 months following the birth, adoption, or placement of a foster child in the employee’s home – effective Jan…
State-owned shipping giants China Ocean Shipping Co. (Cosco Group) and China Shipping Group (CSG) are in advanced negotations on combining their container shipping businesses, reports WSJ. Rumors of a merger deal between the two have been floating for half a year…
The world's commercial fleet grew by 3.5 percent during the 12 months to Jan 1, 2015, the lowest annual growth rate in over a decade, the United Nations Conference on Trade and Development (UNCTAD) reveals on Wednesday in its Review of Maritime Transport 2015…
J.B. Hunt Transport Services, one of the largest transportation companies in North America, reported increased profits in the third quarter as demand grew for transporting shipping containers. The company reported third-quarter earnings of $115…
Greece's cash-strapped government is proposing to end increase taxes m the country's key shipping sector in order to boost revenues, but some shipping owners are threatening to move their ships abroad as a result, says a report in BBC. The…
There are probably few industries that experience more dramatic up and down cycles than the collective businesses of energy exploration, production and transportation. If so, then one of those that do is shipbuilding. That’s because the most…
Dan-Bunkering (Middle East) DMCC announced that Rasmus Møller Jørgensen has been employed as Operations Assistant as of September 7, 2015.Rasmus is originally from Denmark where he recently finished his education, and he is joining the office located in Dubai…
Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA.Since joining Noreco in September 2014, Tommy Sundt has played a very important role during the financial and corporate restructuring of the Company…
Bibby Ship Management has successfully completed its second Global Management Programme which, it says, has helped to develop the management skills of all its management team across its global offices.According to Nicola Quayle, Head of Group HR…
