Shipping company NYK announced it has switched the coffee served inside its head office reception rooms to a brand carrying the International Fairtrade certification mark. More than 50,000 cups of coffee are served in the NYK head office reception rooms every year…
Trelleborg’s marine systems operation has announced plans to host a one-day seminar for port consultants on November 11 at the Windsor Excelsior Hotel in Rio de Janeiro, Brazil. Designed to provide consultants with everything they need to…
Though raised in Germany’s industrial heartland, Philipp Wallutis has chosen to pursue a life at sea. Currently a second officer on board a Hapag-Lloyd ship, he might one day proudly wear the four stripes of a captain. Never let it be said…
Marine Corps colonel selected as new liaison to Port of Long Beach Board U.S. Marine Col. Richard Jordan was selected by the Long Beach Board of Harbor Commissioners last week as the new Chief of Staff, to assist the Commission in making key decisions in governing the Port of Long Beach…
UPS announced plans to construct a new 32,000-square-meter package sorting and delivery facility at the DP World London Gateway logistics site in the south east of England. At close to $184 million, this project constitutes one of UPS’s largest…
Dorian LPG Ltd took delivery of five vessels under our ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques and the Constellation. John Hadjipateras, Chairman, President and Chief Executive Officer…
Dubai-based Gulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has reported a substantial 123 per cent profit growth at the end of the third quarter of 2015 compared to the same period the previous year. The company…
China Shipping Group's CSCL has agreed a deal to bareboat charter up to 11 units of 21,000 teu containerships, of which five will be options exercisable after six months of charter for the first six ships, says local media reports. It has confirmed the 21…
Transport Minister Robert Goodwill MP has taken part in a round table discussion with transport leaders from the ports, road, rail freight and shipping industry at the Port of Felixstowe, the Port of Britain. Mr Goodwill’s responsibilities…
Brazil's largest oil workers union said on Friday it will start an open-ended strike against Petrobras on Sunday in a bid to overturn moves to shrink the state-run oil company.FUP, which represents platform, refinery and other workers, will join a number of smaller unions already on strike…
Husky Energy Inc, Canada's No.3 integrated oil company, swung to a quarterly loss due to a C$3.8 billion ($2.9 billion) after-tax impairment charge.The company said it has cut about 1,400 jobs till the end of the third quarter ended Sept…
While, weak spot prices and higher futures prices created demand for oil tankers has boomed, bulk carriers have been hit by massive overcapacity, as Chinese demand for such commodities has collapsed, says latest report from the Economist. The…
Worse is still to come for many bulk carriers, warns a report in the Economist that claims that the dry-bulk cargo shipping has hit the bottom. Between the start of the financial crisis and January this year Baltic Dry Index - a measure of bulk freight rates—had fallen by 95%…
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)…
