Supply chain management company CEVA Logistics has appointed Eddie Aston to the position of Managing Director, UK, Ireland and Nordics (UKIN). Aston joins CEVA from Northgate the commercial van hire and leasing organization where he was UK Managing Director…
January 31, 2018 is the deadline for the first global survey for the Maritime Training Insights Database (MarTID), giving the industry one last chance to take 20 minutes and become a part of this historic initiative. The partnership was started more than a year ago…
The overhaul of the ferry vessel “Balaken”, belonging to the Transport Feet of Azerbaijan Caspian Shipping Company, is completed. The ship successfully passed the sea trials. Major repairs of steering and auxiliary equipment, engine mechanisms…
GAC Logistics Sri Lanka and Hemas Transportation have opened a new 30,000m² container yard with a capacity of 6,000 TEUs at their joint integrated logistics facility in the Muthurajawela Industrial Zone, Wattala. It is the latest development in the partnership between the two companies…
German liner shipping company Hapag-Lloyd is sending seven older container ships to be recycled in Turkey and China. The respective shipyards are especially equipped and certified to recycle ships in an environmentally friendly manner…
French container shipping giant CMA CGM has set up a new global startup incubator to drive its digital strategy. Based in Marseilles, France, the incubator Ze Box is set to house a dozen of startups from around the world, starting in June this year…
Increasing vessel supply will keep LNG charter rates under pressure in 2018, despite strong growth in trade, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry. Drewry’s short-term…
Euronext said on Tuesday it will extend its Large-in-Scale (LIS) trade facility to commodity futures in response to interest in block trades. Euronext's most active commodity futures contracts, wheat and rapeseed, will be available on LIS Trade…
A new free-to-access online tool aims to improve understanding of the current, and rapidly evolving, bunkering infrastructure landscape for liquefied natural gas (LNG). Launched by industry coalition SEA\LNG from the sixth LNG Bunkering Summit currently taking place in Amsterdam…
Finnlines said it is continuing capacity expansion efforts in response to growing volumes. The Baltic Sea ro-ro and passenger vessels operator has purchased MS Europalink as reports further progress in its vessel lengthening program. Finnlines Plc’s fully owned Swedish subsidiary…
Britain is reviewing its reliance on satellite-based technology for critical infrastructure including the Global Positioning System (GPS) as the threat of jamming attacks and disruptions grows, a government report said on Tuesday.Emergency services…
Ningbo Marine Co Ltd: * Says it sees net profit for FY 2017 to increase by 70 percent * Says the net profit of FY 2016 was 88.4 million yuan * Comments that increased waterbailage income and toll related income of unit as main reasons for the forecast
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), has announced its financial results for the third quarter ended December 31, 2017.The company reported a net profit of INR 500 million ($7.8 mln) for Q3FY18 as against INR 645 million ($10 mln) in Q3FY17…
Cosco Shipping Holdings Co Ltd says it expects net profit of about 2.7 billion yuan in 20117 versus net loss of 9.9 billion yuan a year ago. (Reporting by Hong Kong newsroom)
The Baltic Exchange's main sea freight index fell for the second straight session on Tuesday, weighed down by lower rates across vessel categories. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities…
