Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3…
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016…
The Maritime Group (TMG) carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded Panama Canal and made other operational observations. TMG was intructed…
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper…
Georgia Ports Authority (GPA) Executive Director Griff Lynch said the GPA increased auto processing capacity at Colonel’s Island Terminal by 50 percent over the past 12 months, all of which has been absorbed by processors and manufacturers. The Port of Brunswick now has an annual capacity of 800…
Greece's Alpha Bank has successfully completed its second financing transaction of $250 million through shipping securitization with Citi, following the inaugural shipping securitization issuance of $500 million in 2014. 'Alpha Bank has successfully…
Scorpio Bulkers Inc announced that it has entered into a financing transaction in respect of one of the Company’s Kamsarmax vessels with unaffiliated third parties in Japan. The cost of the financing is equivalent to an expected fixed interest rate of 4…
The global logistics industry is expected to reach $12 trillion in value by 2025, recording a 6 percent CAGR over the period, says a research report. According to Wiseguyreports, 2015 was a difficult year for global logistics companies. However…
French based CMA CGM Group is one of the world’s largest maritime transport firms. It is also a top company for trainees, a recent survey found.After ranking 11th last year, CMA CGM reached 7th place in the Happy Trainees ranking, which…
The world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port. On October 16, EUROGATE welcomed the 21,413 TEU OOCL Germany at its container terminal in Wilhelmshaven, where…
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand.The world's third-biggest oil importer shipped in 10 percent…
Two crew members were missing after a barge carrying about 140,000 barrels of crude oil to a refinery caught fire early on Friday in the Aransas Pass Anchorage in Texas, according to a report on the Corpus Christi Caller Times news website.Six other members of the crew were accounted for…
Luxury cruise industry veteran Edie Rodriguez will serve as Americas Brand Chairman and Corporate Special Advisor at French-owned cruise line PONANT.With more than 30 years of experience in the cruise industry, the former Crystal CEO and…
APL has launched a new Korea China Straits (KCS) service to serve the Asian markets of China, Korea, Singapore, Malaysia, Indonesia and the Philippines. The weekly service will link Nansha in South China to the Straits of Singapore and Port Klang as well as Indonesia…
d’Amico International Shipping (DIS) has launched the first three LR1 (long-range) vessels in its history, at the Hyundai Vinashin shipyard in Vietnam, ANSA reported. The company invested USD 131 million in the construction of the three 75…
