Nordic Tankers and Borealis Maritime Ltd has announced the intention to form a jointly held company, Crystal Nordic A/S – a strong player in the short-sea, ice class chemical tanker trade in the Baltic and North-Western European market. Crystal…
Japan-based Kawasaki Kisen Kaisha (“K” Line) and Sharaf Group have established a new firm, K Line Shipping & Logistics (KLSL). Based in Dubai, UAE, KLSL will carry out businesses in the fields of marine transportation, logistics, land transportation…
The UK’s £10bn shipping industry has called the push toward closer union in Europe “distracting” and told the European Commission (EC) to stop interfering with the sector’s globally produced regulations. This is the gist of study on the…
Overseas Shipholding Group, Inc. (OSG, a provider of oceangoing energy transportation services, reported results for the quarter ended March 31, 2015. Adjusted EBITDA was $113.7 million, up 31% from $86.6 million in the same period in 2014…
Crowley Maritime Corp.’s Kyra Roca, vice president, customer care, was presented with the 2014 Thomas Crowley award, the company's highest honor, at a ceremony held yesterday at the company’s Jacksonville, Fla., office. Roca joins Capt. David Ridge…
'The container shipping industry is in the midst of an over-capacity crisis which will worsen next year,' Neil Dekker, director of container shipping research at Drewry said in a note accompanying the release of its 2015 edition of the Container Market Annual Review and Forecast 2015/16…
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected. The Danish shipping giant said on Friday that…
Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk qoted by Bloomberg as saying: 'We believe that global growth is slowing down. Trade is currently significantly weaker than it normally would be under the growth forecasts…
Neptune Orient Lines Ltd (NOL) has officially confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk. As per a report in the Business Times, NOL said…
Refining capacity in Asia has been growing rapidly for many years. Not surprisingly, the vast majority of this growth took place in China, which more than doubled its refining capacity over the last 10 years. The other significant growth engine in Asia has been India…
ABS announced its participation in the World Shipping (China) Summit 2015, November 5-6, in Guangzhou, China, where ABS Senior Vice President and Chief Technology officer Howard Fireman spoke about changes in the global shipping industry.In…
essDOCS announced that Non-Executive Board Member, Andre Toet, has been appointed Chairman of the Board of Directors, succeeding Barry Williams, who is standing down after chairing the board since 2013, having previously served a term as Chairman from 2006 to 2011…
Ahead of next week’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), global shipping, logistics and marine services provider GAC Group has announced the appointment of Shanaka Fernando as Regional Business Development Manager…
In terms of geography, North America dominates the global container shipping market . This is due to improved transportation services in this region, says a report from Persistence Market Research. The U.S. represents the largest market…
Moore Stephens’ annual survey, which indicates the direction of ship operating costs, suggests that crew wages, repairs and maintenance, along with drydocking are the costs that are most likely to increase most significantly this year and next…
