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…
Abu Dhabi Ports (ADP), the master developer, operator and manager of ports and industrial zones in the Emirate, presented the offerings of its Khalifa Industrial Zone Abu Dhabi (Kizad) and Khalifa Port at an exclusive business event in Dubai…
Sulphur businessman Joseph R. “Dick” Kennison has been reelected president of the West Calcasieu Port board of commissioners during the port board’s October monthly meeting. Kennison’s term is for one year. Also reelected by the five-member…
The construction of a terminal for production and transhipment of LNG on the territory of the Vysotsk port will begin in February 2016, according to the press center of Leningrad Region Government. Cryogas CJSC is going to commence the…
As carriers withdraw from unprofitable routes, is there really too little competition in container shipping? A new report from UNCTAD highlights risks to competition in the container sector, specifically for smaller nations, says Drewry…
International energy logistics company Peterson has strengthened its leadership team with the appointment of Chris Coull as regional director. Coull is the latest in a string of senior appointments by the company this year as it continues…
TEU Growth Forces Efficiency, Productivity DriveWhen Maersk subsidiary ADP Terminals (ADPT) launched APMT Maasvlakte 2, the world’s first fully automated container terminal in April, it did so against a background of months of acrimonious…
Career Profile: Parker Harrison - Vice President, Procurement Crowley Maritime CorporationCharlottesville, Va. and the University of Virginia are a long, long way from the ocean. Arguably, an even greater distance is the one which stretches from a Bachelor of Arts degree in Italian and German…
American-owned NVOCC Troy Container Line Ltd. has established a Team Leader Division, aiming to ensure quality services in both the FCL and LCL export departments, the company announced today. The launch of this newly established division…
China Ocean Shipping (Group) Company (COSCO) plans to launch regular services through the Arctic Ocean to Europe, as global warming makes the route viable and Beijing steps up its northern ambitions, says a report in AFP. Cosco’s Yong Sheng…
Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million). The container lines are continuing to use very aggressive pricing strategies to win market share in the reefer segment. The specialist…
Marine, cargo and supply chain solutions provider Inchcape Shipping Services (ISS) has won a new contract with MSI Ship Management Pte Ltd to provide crew logistics services (CLS) across the globe.Under the new contract, MSI Ship Management will assign numerous vessels including bulk carriers…
Ardmore Shipping COO to take over as head of International Parcel Tanker Association from October 2015 Ardmore Shipping Corporation’s chief operating officer, Mark Cameron, has been appointed chairman of the International Parcel Tanker Association (IPTA)…
Global oil sector has cut 200,000 jobs in downturn.Renewables are powering a rare bright spot in the energy industry, with record job hiring in solar, wind and hydro partly offsetting the biggest round of job losses in the oil and gas sector in almost two decades…
