Bahri reported a revenue growth of 24.2 percent for the quarter ending December 31, 2018. Total revenues grew to $475 million compared to $381 million during the same period in 2017.For Q4 2018, Bahri registered a net profit of $24.3 million…
Høglund Marine Solutions appointed JJ Ha to the position of Managing Director, Korea, effective January 1, 2019.Based in Høglund’s Busan office, Ha will play a key role in strengthening Høglund’s relationships with ship owners and shipyards…
Patrick (Paddy) Rodgers, the Chief Executive Officer (CEO) of Belgium's tanker shipping company Euronav, has decided to step down from his role during 2019 after 18 years of service.However, he will remain in his position until a successor is appointed…
Oman’s Ambassador to Tehran Saud bin Ahmad Khalid al-Barwani said that his country’s state and private sectors are keen on investing in Iran’s Southeastern port of Chabahar.Chabahar is the best center for telecommunications, economic and trade…
Delaware-based NGL Energy Partners and Colorado's DCP Midstream have executed a purchase and sale agreement under which DCP will convey to NGL its wholesale propane business, generally consisting of seven natural gas liquids terminals in the Eastern United States…
Lagardère Travel Retail has appointed GAC Dubai’s Contract Logistics team to handle a range of goods sold at Duty Free retail stores at airports in Saudi Arabia and the future Abu Dhabi Midfield Terminal Complex (MTC).Under the multi-year agreement signed by the two companies commencing March 1st…
The international port of Texas, Port Houston, had a record-breaking 2018 as container volume through the port grew by double-digits.The port handled handled 2.7 million 20-foot equivalent units, or TEUs, a common industry measurement for containers…
Magnate Worldwide appointed Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries.As CEO of Magnate Worldwide, Fornari will assume overall responsibility for the strategic direction…
The product tanker market registered a robust recovery in the fourth quarter of 2018, partially reversing the downward trend observed in the first nine months of the year, said Capital Product Partners.The Marshall Islands' tanker company said…
Monaco-based container shipping company Navios Maritime Containers has exercised an option to acquire a 2011-built 10,000 TEU containership from an unrelated third party for a purchase price of $52.5 million.The containership is chartered out at a net rate of $26…
German-based container shipping line Hapag-Lloyd AG has decided to partially redeem EUR 170 million of its senior note on 11 February 2019 and prior to its maturity 2022 at a fixed redemption price of 103.375 percent.According to a press release from the transportation company…
The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based…
Celebrations in Wismar: Twelve apprentices – six construction mechanics, four plant mechanics and two manufacturing mechanics – from Wismar, Rostock and Stralsund received their certificates of completion today. The young men have just completed three and a half years of vocational training…
SeaCube Container Leasing International has been awarded indefinite-delivery/indefinite-quantity, firm-fixed-price contracts for leasing and transportation of intermodal container equipment. Performance is from March 1, 2019, to Feb. 29, 2020…
Huntington Ingalls Industries’ Newport News Shipbuilding division hosted a ribbon-cutting ceremony on Wednesday for a new home company volunteers built in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg. The company also broke ground on its 17th joint project…
