Goldenport Holdings Inc reported a net loss of USD14.7 million in the first six months of 2015, significantly wider than the USD1.4 million net loss a year earlier as revenue fell by a quarter to USD18.5 million from USD24.7 million. Earnings before interest…
Russia’s biggest shipping company PAO Sovcomflot (SCF Group) surpassed its own expectations and went forward on both revenue and net profit in the first six months. It has posted a gross revenue increase of 11.8 per cent in the first half of 2015 worth USD 754…
The bulker and tanker unit of state conglomerate China Shipping Group, China Shipping Development Co (CSDC) has delivered a first half performance which saw its profit spike, exceeding the company's latest forecast. CSDC has recorded a six-fold increase in profit in the first half of this year…
Set to expand its footprint in the South Asian market, Hamburg-based United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd. as its General Agents in India, to help ramp up operations from Mumbai. With two vessels…
Chinese sailor Guo Chuan intends to make it world’s quickest Northern Sea Route trip from Murmansk to the Bering Strait in 14 days without engine power.His trimaran “Qingdao China' is docked in Jarfjord outside Kirkenes, Norway, as the last preparations for the Arctic voyage are handled…
Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News. Port of Amsterdam and Dutch officials said that they were ready to boost ties with Turkey suring their visit to Istanbul…
France's Bollore-led consortium has been awarded the contract to develop and operate a container terminal in Cameroon's deep-water port of Kribi, says a report in Reuters. Bollore's consortium included France's CMA CGM, the world's third-largest container shipper…
AP Moeller Maersk Group has continued to fix its eyes on its forecast of a $4 billion profit for 2015, despite the challenges it is facing in its operating environment, according to Thisday Live. The group said in a statement that from its records…
Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at “Anchorage Building” in Dronagiri Node on 26th August 2015. Mr. Sanjeev Behari, IRS, Chief Commissioner of Customs…
The Long Beach Board of Harbor Commissioners on Monday selected veteran human resources executive Louis Gutierrez as the port’s Managing Director of Human Resources and Team Development. In the newly created executive role, Gutierrez, an attorney and former Fortune 500 company executive…
Accreditation to international quality standards in the supply of food and drink to ships is becoming essential to do business, says Mohammed Muses, Managing Director of All Supply Mombasa Shipchandlers, based in Mombasa, Kenya.The move…
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors India Pvt Ltd dispatched the first lot of its new Ford FIGO built in its Sanand plant in Gujarat for exports…
German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated…
Major terminal operator Cosco Pacific has reported a 12% on-year increase in net profits for the first half of this year to nearly $164.4m on good cost control and optimisation of management efficiency. However the revenue of the port and…
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year. Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0…
