Mundra International Container Terminal (MICT) received the Gateway Award for Container Terminal of the Year in recognition of its performance, operational excellence, growth in throughput and breaking the one-million-TEU mark.The award was received by Tejas Nataraj CEO MICT…
GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future…
Norway’s Farstad Shipping ASA has seen red in the second quarter of 2015 as impairments and currency losses drove the company into a loss. Farstad’s profit after taxes (PAT) was negative NOK 119.5 million, versus positive PAT of NOK 46…
Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia. The charter…
There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria. Recently, some ship owners Association…
The global dry bulk freight market, crippled by oversupply but seeing signs of renewed activity, is expected to take at least a year to hit the road to recovery, according to the latest Platts survey of shipping market participants. This…
China COSCO Holdings Company Limited says its operations at Tianjin port have been unaffected by the blasts that killed 114 people here also put a deep dent in the compact between China’s government and its middle class. 'Our assets have not been materially affected…
Essential Resource for Transportation or Handling Incidents Involving Hazardous Materials Labelmaster offers the 2016 edition of the Emergency Response Guidebook (ERG) – a must have for anyone who handles or transports dangerous goods (hazardous materials)…
The global economic recovery was slower than expected and the overcapacity problem in the shipping industry remained serious, in the first half of 2015, says COSCO International Holdings. This drove stable business volume to the Company’s business segments which serve for operating vessels…
A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal…
Maritime security experts from federal, state and local jurisdictions are meeting in San Diego this week as part of Maritime Security 2015 West. Attendees from Turkey, Japan, United Arab Emirates, France, U.K., and New Zealand joined participants from across the U…
Matson, Inc., a U.S. carrier in the Pacific, has appointed Keoni Wagner as director of corporate communications, succeeding Jeff Hull, who is retiring from Matson after a 33-year career with the company. Wagner will report to Matt Cox, president and chief executive officer…
Women in command, a maritime incident ─ the perfect dilemma, and the marvels of Old Father Thames are just a few of the interesting topics that WISTA-UK will be exploring at this year’s WISTA-UK event during London International Shipping Week (LISW)…
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years…
The Singapore Shipping Association (SSA) has unveiled a slew of plans to boost the prospects of its members amid tough global industry conditions, reports The Straits Times. The key initiatives include building up the finance capability…
