Damen is well-known for its comprehensive range of standard dredgers, but it has now added a radically different design to its portfolio: a twin-hulled, deep cutter suction dredger designated the DCSD500. This compact new dredger has been designed…
Two major shipping lines this month have raised their rates for transporting goods from the United States to Venezuela, according to three industry sources and two documents, as U.S. sanctions limit transit between the two nations.Washington…
Two of the world's biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.With Mediterranean Shipping Co (MSC) and CMA CGM, the second- and fourth-largest container shipping companies…
The new cruise ship for British Saga Cruises, Spirit of Discovery, along with ship building team at Meyer Werft, Germany completed the conveyance from the Papenburg shipyard along the River Ems to the open sea. Spirit of Discovery, the only cruise ship being built for the British market this year…
Adani Ports and Special Economic Zone (APSEZ), India’s largest private multi-port operator, reported a 41.45 percent surge in its consolidated net profit to INR 1,314.19 crore (USD 188.4million) for the quarter ended on March 31, 2019.However…
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…
The Japanese container shipping company, headquartered in Tokyo and Singapore Ocean Network Express (ONE), recently held an inauguration ceremony with PSA Singapore (PSA) for the Magenta Singapore Terminal (MST).The joint venture between ONE…
The latest newbuilding of Holland America Line’s fleet (HAL) “Nieuw Statendam” arrived in the Port of Kiel from Stockholm for its maiden call in the last week, on Thursday morning (23rd May).During the on-board reception, the Managing Director of the Port of Kiel…
The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker attacks…
The U.S. Coast Guard is soliciting for members of the public to participate in a Ports and Waterways Safety Assessment (PAWSA) workshop for the Straits of Mackinac that will take place in St. Ignace, Michigan, July 24 and 25.A longstanding and proven Coast Guard process for formal public study…
Willum Richards hands over chairmanship of the Association of Average Adjusters on its 150th anniversary to Richard Cornah.The Association of Average Adjusters, set for a memorable 150th anniversary after launching the celebrations at its annual general meeting on May 9…
MISC has announced its financial results for the financial period ended March 31, 2019.Financial Highlights:Group revenue for the quarter ended March 31, 2019 was higher than the corresponding quarter ended March 31, 2018.Group profit before tax for the quarter ended March 31…
GT USA, the US arm of Gulftainer, one of the world’s largest privately owned, independent ports and logistics company, has announced it has placed an initial order of 16 terminal tractors from Terberg Tractors Americas. The fuel-efficient, low…
Transnet National Ports Authority (TNPA) has taken the decision to introduce a helicopter service at its Port of Cape Town to transfer marine pilots onto and off visiting vessels. This would make the port one of three within the South African…
A.P. Moller-Maersk, the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight.Maersk, which is seen as an indicator of global trade patterns, cut its forecast…
