India's largest domestic ship liner Great Eastern Shipping Company today reported a 45 percent jump in its consolidated net profit to Rs 323.67 crore ($50 million) for the quarter ended June 30, on the back of higher income. Sales during April-June rose 17 percent to 947 crores versus 808…
State-run Shipping Corporation of India (SCI) Ltd has reported more than three times rise in net profit for the quarter ended 30 June on account of higher earnings from running oil tankers and lower bunker (ship fuel) prices. Its June-quarter net profit is 1…
Denmark's AP Moller-Maersk, which operates the world's largest container shipping line, has revealed another huge share buy-back scheme a year after it launched its current programme. Maersk will buy back up to $1bn (DKK 6.7 billion) worth…
The Port of San Diego hosted an employee orientation on August 7, 2015 for 100 prospective employees of the International Longshore Workers Union (ILWU) Local 29, the chapter of the ILWU that handles cargo at the port's Tenth Avenue Marine Terminal and National City Marine Terminal…
APM Terminals (APMT) has purchased Vado Ligure Reefer Terminal in North-Western Italy, near Genoa, from the GF Group. Reefer Terminal has been the largest refrigerated terminal in the Mediterranean for more than 30 years, handles 600,000 pallets a year as well as 275…
Egyptian President Abdel Fattah el-Sisi issued a decree establishing an economic zone for Egypt’s Suez Canal, reports Reuters. The decree establishes a 460-square-kilometer economic zone around the canal the government says will be used…
As part of the move to boost for importers and exporters of fresh produce using Scotland’s largest container terminal , the port of Grangemouth is to receive investment from its owners, Forth Ports Ltd to increase its capacity for refrigerated containers…
GAIL (India) Limited has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India reports Reuters quoting trade sources. The company is seeking five cargoes for deliveries in October to December…
The MSC Mediterranean Shipping Company S.A Australia Express Service will begin calling at DP World London Gateway Port, the U.K.’s newest deep-sea terminal, following changes to the service.The service will now provide direct calls between DP World London Gateway Port…
Maharashtra Chief Minister Devendra Fdnvis has said that the state's proposed port in terms of traffic in Palghar Dahanu district will compete with the port in Gujarat Mundda, reports PTI. 'There is natural draught of 20 metres to receive bigger ships…
Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m says a news story in the Reuters. A press release from Roland Berger…
An article in WSJ highlighted the Greek shipping industry, which it says has 'emerged largely unscathed' from the nation's recent financial troubles. The reports say that shipping companies in Greece are buying vessels from cash-strapped competitors and German banks…
Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), said its profit had risen 32 percent year on year (y/y) to $238.6 million in the first six months of 2015, due cheaper fuel costs helped it tide over a slump in freight rates…
South Korea's leading shipping line Hanjin Shipping has returned to the black in the first half with a profit of KRW127.2bn ($109.87m), erasing the loss of KRW424.2bn in the year-ago period. Net profit came to 104.26 billion won (US$89…
£500k investment in technology set to deliver world class operator training as Peel Ports prepares for mega ships at the Port of Liverpool In anticipation of the arrival of five of the world’s largest cranes at the Port of Liverpool this autumn…
