GasLog Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers, increased quarterly cash distribution by 10% to $0.478 per unit for the third quarter of 2015, equivalent to $1.912 per unit on an annual basis…
Looking at the Company’s business performance for the first half of FY2015, operating income and ordinary income improved as the tanker division enjoyed favorable market conditions, backed by a decline in bunker prices, says Mitsui O.S.K. Lines (MOL)…
The Bank of China and the Port of Rotterdam Authority signed a Memorandum of Understanding aimed at strengthening relations between China and the Netherlands. Through this Memorandum, the Port of Rotterdam Authority and the Bank of China…
CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC) celebrated the beginning of construction on its new 20,000 sq.m. factory with a groundbreaking ceremony on October 28 in Lingang, Shanghai. Following the groundbreaking ceremony, strategic cooperation…
William E. Albrecht has been appointed to the board of directors of Rowan Companies plc, effective October 28, 2015. Albrecht has served as executive chairman of California Resources Corporation, a publicly traded oil and natural gas exploration and production company…
A yacht race from Hong Kong to Daya Bay in the Mainland will take place on 30 October 2015 (Friday). About 60 yachts are expected to participate in the race.The race will start in the vicinity of Steep Island, Sai Kung at 1000 hours on 30 October 2015…
Two high-speed boats from Sweden have joined the sea rescue effort in the Eastern Aegean, and it was GAC that coordinated their delivery to Greece.The craft were sent by the not-for-profit NGO, the Swedish Sea Rescue Society (SSRS), in…
The enactment of Law No. 2014-742 of 1st July 2014 and the signing of decrees related during late 2014 and early 2015 resulted in June 2015 to approve the first private companies wishing to conduct activities of protection of French flagged vessels (APPN)…
Maersk Line has laid-up one of its 18,000-teu Triple E containerships. It cannot rule out that it will have to anchor another of its massive Triple E ships in connection with the Chinese New Year. The Danish carrier will anchor Triple- E 18…
While merger talks between South Korean shipping companies Hanjin and Hyundai Merchant Marine lines hit the newspapers, the latter has refuted rumors that the government asked the carrier to merge with the former. HMM said, 'With regards to the report in Korea Economic News…
Carnival Cruise Line has announced plans to commit two ships to the China cruise market: Carnival Miracle and Carnival Splendor. Both ships will be based in China year-round, with Carnival Miracle to begin China sailings in spring 2017 and Carnival Splendor to begin in spring 2018…
China Cosco, the flagship unit of state conglomerate Cosco Group, swung to a net loss in the third quarter of calendar 2015 at 1.7 billion yuan. Its revenue fell 19 per cent to 14.1 billion yuan in the third quarter. For the first nine months of 2015…
Hong Kong-listed China Shipping Development (CSD) , part of Chinese state giant China Shipping Group, posted a net profit of 391 million yuan, up 800 per cent compared to the same quarter last year. Driven by strong tanker performance, CSD had a much better third quarter…
German container shipping group Hapag-Lloyd AG is postponing its stock market debut by a week after investors shied away from the company following Maersk Line’s modest profit forecast last week, reports Reuters. If demand for the shares remains weak Hapag may lower the offer price…
The Polar Pioneer oil rig arrived in Port Angeles on Wednesday. Shell spokesman Curtis Smith said Port Angeles was an “excellent location for load-out” before the drilling season and remains fit for that purpose. The 400-foot tall rig…
