Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million). The earnings per share attained in 2017 was QR 1.53…
Singapore-based offshore shipbuilder Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company and stave off liquidation. According to a report in the Straits Times, crippled with a debt of US$877 million (S$1…
Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Award from the Maritime and Port Authority of Singapore (MPA) for the port development project Tuas Terminal Phase II in Singapore, also referred to as Tuas Terminal Finger Pier 3…
The International Transport Workers’ Federation's (ITF) expanded Fair Practices Committee Steering Group (FPC SG) met and approved the terms of the new International Bargaining Forum (IBF) on 23 February 2018 Agreement. In this it highlighted the new terms agreed in Article 4…
CMA CGM, a world leader in maritime transport, is to take a long-term lease and invest in a build-to-suit, multi-temperature warehouse facility at DP World London Gateway Logistics Park. The CMA CGM Group will occupy, through its international…
In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter activities/contracts with oil companies such as Shell, BP, ExxonMobil and other major oil companies in the West and in the East. The contract with ExxonMobil…
Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors…
Mediterranean Shipping Company (MSC) has launched in Le Havre its first RO-RO service now connecting HAROPA to West Africa twice a month. The new service confirms the assets of HAROPA, the leading French port system constituted by the ports of Le Havre…
The United States targeted North Korea in a new wave of sanctions on Friday directed at one person, 27 companies and 28 vessels, according to a statement on the U.S. Treasury Department's website. The Treasury's Office of Foreign Assets Control announced the new measures…
Shoreham Port is part of a high-level Taskforce, established by Maritime UK, to work collaboratively with other businesses in the industry to promote women in the maritime sector. The first meeting took place on 21st February in London and was very well attended…
South Korea's Hyundai Merchant Marine (HMM) said that its handling volume of US Premium Service reached over 10,000 TEU as of the end of January. Since May last year, HMM has provided US Premium Service in PS1, PS2, and PN2 routes connecting…
The American Maritime Partnership today announced the launch of the Military to Maritime digital career platform (www.militarytomaritime.org), which is dedicated to helping veterans find meaningful, family-wage jobs in the maritime industry while supporting America’s national and economic security…
Nauticor has extended its liquefied natural gas (LNG) supply network for ships within the North Sea region and has now begun delivering to maritime customers in the Port of Rotterdam. The Dutch port is the latest location added to the firm’s LNG distribution network…
The Baltic Exchange's main sea freight index gained nearly 2 percent on Thursday to hit an over three-week high, buoyed by an improvement in activity across vessel segments. The overall index, which factors in rates for capesize, panamax…
Container carrier Hamburg Süd said it has taken delivery of more than 8,000 new 40-foot high cube standard containers. The new batch of boxes is part of a larger container order by Maersk Line and has now been delivered by the container factory of Maersk Container Industry (MCI) in Dongguan…
