Cosco Pacific Ltd.'s 2015 net profit rose 30% from a year earlier on the back of a write back of a provision. It recommended a final dividend of 22.9 Hong Kong cents a share. The full-year net profit was US$381.6 million compared with US$292…
DNV GL’s fleet performance management solution ECO Insight has become an incentive provider for the Environmental Ship Index (ESI), a voluntary system designed to improve the environmental performance of sea going vessels. DNV GL offers…
Maersk line's Annual Award Night recognizes the best performing logistics solutions providers and top customers of Maersk Line for the year 2015 For the fourth time in a row, Al Sharqi Shipping was awarded the Maersk Platinum Award, recognizing…
Flirtey Claims First Fully Autonomous, FAA-Approved Urban Drone Delivery in the U.S. As the aerial drone industry comes under increasing scrutiny regarding safety issues, Flirtey reports that it has completed the first fully autonomous, FAA-approved urban drone delivery in the United States…
Jo-Kell, Inc., an electrical distribution, engineering and solutions provider servicing the military, commercial marine and industrial marketplaces, is expanding its ability to serve customers on the U.S. West Coast with the opening of a sales office in…
Sutherland Asbill & Brennan LLP has announced that Paul C. Freeman has joined the firm’s Energy, Environmental and Commodities Practice Group as counsel in the New York office. Prior to joining Sutherland, Freeman maintained a diverse practice as the principal of Freeman Law Group…
A federal judge in San Diego on Friday sentenced a U.S. Navy captain caught in a $30 million bribery scandal to 46 months in prison, bringing to a close the case against the highest-ranking officer in the fraud scheme. Captain Daniel Dusek…
China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday. The group's spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire…
Huntington Ingalls Industries (HII) hosted Rep. Mike Conaway, R-Texas, for a tour of the company’s Newport News Shipbuilding division. The visit provided an opportunity for Conaway to meet shipbuilders and see the progress being made across Newport News’ ship construction programs…
March 24, the national standards prepared by the COSCO Shipyard led - 'Chinese ship repair quality standards' by the review of the national marine vessel Standardization Technical Committee ten third annual meeting, marking the first Chinese…
In cooperation with R. Allan Ltd. (RAL) and Novatug B.V., Voith participated in the development of a new tug. The Carrousel RAVE Tug (CRT) is characterized by a towing winch on a ring. This ring can rotate freely around the tug's deckhouse – a unit referred to as the 'Carrousel Towing System'…
ICS, East India Branch conducted conference on Legal matters pertaining to Maritime Sector prior to joining hands with M/s Hinode Events a Knowledge Partner to serialise this an Annual Conference on Legal Maritime Legal matters. The Branch takes…
A Coast Guard crew from Station Point Judith and Narragansett Fire and Rescue emergency medical technicians medevaced a 35-year-old man suffering from possible internal bleeding Friday night from Block Island, Rhode Island.At approximately 6:30 p…
FESCO Transportation Group, in cooperation with the Maritime port of Olya, is launching the Trans-Caspian intermodal service FESCO Russia Iran Service (FRIS), to carry out freightage between Russia and Iran.The service includes shipping over the Caspian…
German container shipping group Hapag-Lloyd has reported a net profit of €114 million ($127.5 million) on revenue of €8.8 billion for 2015 – a turnaround from a loss of €604 million on revenue of €6.8 billion the previous year. The firm…
