NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet.The Nepheli is a 2009-built bitumen tanker vessel of 3…
BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, has announced the appointments of Albert Graves as Financial Controller and Greg Jose as Marketing Manager.Graves…
KVH Media Group, part of KVH Industries, Inc., added several new titles to its NEWSlink portfolio with the launch of four new daily editions – Romania, Bulgaria, Serbia, and Montenegro – focusing on the Balkans region.Each title covers the main daily political…
Enterprising student Liam Finch has been putting his summer days to good use by working on an important survey for the Isle of Man Shipping Association (IOMSA).Liam, 20, is involved in a project aiming to shed light on the value of the marine industry to the island…
BIMCO, the world’s largest international shipping association is now calling for nominations for its prestigious awards, to be presented in Hamburg in November 2015. Angus Frew, Secretary General at BIMCO, said, “We are looking forward…
While China’s ports continue to face growth pressure, the country’s largest port operator is reaping the rewards of years of investments in overseas projects. China Merchants Holdings (International) reported first-half net profit rose 29 per cent to HK$2…
Helen Delich Bentley Port of Baltimore's public terminals shipped a record 9.74 million tons of general cargo in the 2015 fiscal year ending June 30, it said Monday. That was up about 1.5 percent from 9.6 million tons in 2014. General cargo includes automobiles…
Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards. The demand is expected to remain elevated with spot voyages generating around 940 bln ton-miles per quarter, on average, during 2016 – around 1…
Goldenport Holdings Inc reported a net loss of USD14.7 million in the first six months of 2015, significantly wider than the USD1.4 million net loss a year earlier as revenue fell by a quarter to USD18.5 million from USD24.7 million. Earnings before interest…
Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months. It has posted a gross revenue increase of 11.8 per cent in the first half of 2015 worth USD 754…
The bulker and tanker unit of state conglomerate China Shipping Group, China Shipping Development Co (CSDC) has delivered a first half performance which saw its profit spike, exceeding the company's latest forecast. CSDC has recorded a six-fold increase in profit in the first half of this year…
The Royal Navy’s submarine base at Faslane – home to Britain’s nuclear deterrent – is to receive a more than 500 million pounds investment grant from the Government, reports Reuters. Chancellor George Osborne says this move will safeguard 6…
TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts. This new acquisition is strategic to the growth model of TASI, and adds an exciting new wireless communication component to TASI’s Founded in 2006…
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of the Company before separately disclosed items of $405 million…
Following a management buyout, Neil Carrington, Chief Executive of CES Guernsey, has fully taken the helm and rebranded the company to CESG Limited.The new name change, with immediate effect, will allow the new management team to ensure…
