Olympia GR, a 61,222 DWT Ultramax dry bulk carrier, has been successfully delivered to M/Maritime Corp from Shin Kurushima Toyohashi Shipbuilding Co. Ltd. Recently, the clients of M/Maritime Corp. signed two shipbuilding contracts for the acquisition of two 60…
Dubai-based Gulf Navigation Holding PJSC (GulfNav) is in discussions to acquire a majority stake in Singapore-based Atlantic Navigation Holdings, a provider of offshore marine logistic services. Atlantic is an integrated offshore supply operation…
Kuwait Oil Tanker Company (KOTC) has signed a contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for three very large gas carries (VLGC). The three 84,000 cbm LPG carriers are expected to start delivery in 2019. The contract worth USD 213…
Japanese shipping company NYK Line announced that it signed a contract with EDF LNG Shipping, a subsidiary of Electricité de France (EDF), to charter a newly built LNG carrier for a total of seven years, with optional extension periods for up to 13 more years…
Ocean carrier Hapag-Lloyd will commence a new weekly service between the Port of Jeddah and the east coast of Africa in April. With the East Africa Service (EAS), the liner shipping company will be calling at the ports of Mombasa (Kenya) and Dar es Salaam (Tanzania) for the first time…
In 2017, global ton-mile demand to transport crude and residual fuels increased by 5.4 percent, supported by a 4.9 percent increase in VLCCs (which accounted for 62 percent of the total demand for dirty tankers), according to McQuilling Services’ 2018-2022 Tanker Market Outlook report…
Portugal’s Blue Atlantic has released new plans for an 800 meter quay to berth two Panamax vessels showcasing its maritime trade potential. The 96-hectare site for sale in one of Europe’s leading maritime industrial zones is being primed for maritime…
The Baltic Exchange's main sea freight index inched lower on Monday, ending a five-day winning streak, as rates for panamax and smaller vessels eased. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities…
Bharat Mumbai Container Terminals Private Limited (BMCT) said it received its first container arriving by road during a gate opening ceremony officiated by Vivek Johri (IRS), Chief Commissioner Customs, Jawaharlal Nehru Customs House. The container will be loaded on CMA-CGM’s vessel Centaurus…
Germany's Rhine river was reopened to shipping on Monday after waters fell, following its closure for the past week as rain and melting snow raised water levels, authorities said.High water mostly peaked in north Germany over the weekend…
Chinese iron ore futures fell to their weakest level in a month on Monday as demand for the steelmaking commodity remained slow in the world's top buyer, keeping stocks at its ports near a record high. Arrivals in China were also sustained…
Jinzhou Port Co Ltd : Sees FY 2017 net profit to increase by 145 percent to 165 percent Says FY 2016 net profit was 55.5 million yuan Says enhanced profitability, and received subsidies as main reasons for the forecast
Canal Shipping Agencies Co: H1 net profit after tax EGP 79.5 million versus EGP 153.7 million year ago Sees FY 2018-2019 net profit of EGP 155 million
Liquefied natural gas tanker BW GDF Suez Brussels is due to arrive at the port of Rotterdam on February 18, Reuters shipping data show. The tanker has a capacity of 159,300 cubic metres.(Reporting by Lefteris Karagiannopoulos; editing by Jason Neely)
Russian wheat export prices rose last week due to higher global benchmarks and the strengthening of the rouble against the dollar, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $194…
