Miami-based Norwegian Cruise Line Holdings reported third-quarter ended September 30, 2018 profit of $470.4 million compared to $400.7 million in the prior year. The cruise operator said in a investor release that its total revenue increased 12…
Product tanker carrier d’Amico International Shipping (DIS) has appointed current D'Amico group chairman Paolo d'Amico as new CEO.The D'Amico group's listed product tanker subsidiary said in a press statement that following the resignation of Marco Fiori…
The Hague-based BAM International, together with JJM Construction (Canada) and Manson Construction (USA), has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.The mobilisation and construction works…
German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112…
The largest port in Europe the Port of Rotterdam Authority has been awarded the European Sea Ports Organisation (ESPO) Award 2018.The award was made in recognition of the port's engagement with the city or wider community through the creation…
The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize…
The captain of the World War Two-style tourist 'duck boat' that sank on a Missouri lake during a storm in July killing 17 people was charged on Thursday with misconduct, negligence and inattention to duty by a federal grand jury, prosecutors said…
Three Asian groups are interested in acquiring two container terminals up for sale by Brazilian private port operator Wilson Sons, Brazilian newspaper Valor Economico reported on Thursday.Singapore's PSA, China's Hutchison Port Holding and China…
North Carolina Ports hosted the Cold Chain Summit 2018: Cold Gateways Expansion – Farm to Table and Beyond in historic downtown Wilmington on Wednesday.This is the second year NC Ports has organized and hosted the event focusing on current markets…
The fourth Maritime Standard Ship Finance and Trade Conference, held at Abu Dhabi’s Sheraton Hotel and Resort, was in many ways very different from the preceding three events in this increasingly popular series. While in other years the sense of challenge and adversity was dominant…
An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields…
Wärtsilä said it has developed a lock entry assist system that will facilitate a vessel’s approach and entrance into waterway locks. The development work has been carried out in cooperation with the Canada-based CSL Group. The initial deployment…
India has approved the sale of its entire 73.44 percent stake in Dredging Corporation of India to a consortium of four ports, government minister Ravi Shankar Prasad said on Thursday.Prasad also announced the government would lease out six airports across India in public-private partnership deals…
Roman Abramovich and a business partner will buy a 24.84 percent stake in Russia's largest freight container operator TransContainer from VTB bank, two industry sources told Reuters on Thursday.Abramovich, best known in Britain as the owner of the English Premier League soccer club Chelsea…
Credit rating agency Moody’s warned on Thursday that global economic growth was likely to slow in the next two years and that it expected the trade war between the United States and China to escalate further.'We expect global growth to slow to under 3…
