In the wake of the explosions near Tianjin port on Wednesday 12th August, MSC confirms that Tianjin Pacific International Container Terminal (TPCT) which is used by MSC, is located 6 kilometers from the blast site at the East Port Area. All…
The Suez Canal Authority has announced that following the completion of the latest development phase, the rules of navigation edition August 2015 are in effect since 13 August.Booked transits may be cancelled or altered by notice to the…
ASV is delighted to announce that James Hailstones has joined the team as the company expands its reach into the Offshore Energy market. Based in Aberdeen, James will lead industry engagement as more firms look to introduce Autonomous Surface Vehicles into their operations…
Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014…
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry…
• Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015.• Group secured new chartering contracts worth a total of US$132.2 million in 2Q2015 and that brought total order book to US$307…
Though the Danish conglomerate AP Møller-Maersk posted higher-than-expected earnings, it has cut its forecast for global trade growth and abandoned several medium-term profit forecasts, as per a report in FT. Maersk overcame low oil prices…
Italian builder Filippetti Yachts has unveiled the brand new Navetta 35 design. The new design is principally on a three-deck design -Lower, main, upper with an open air sun deck area. The 35 metre project has been developed to adhere to the strictest environmental standards…
Friday’s preseason game against the Denver Broncos marks the start of football fans’ ferry travel season. To manage the influx of people, Washington State Ferries will provide additional ferry sailings leaving Bremerton at 10:15 p.m. and leaving Seattle at 11:30 p…
The Indonesian fisheries minister says a massive refrigerated cargo ship believed to be loaded with slave-caught fish has been seized by the navy and brought to shore after an Associated Press report alerted authorities about its presence in the country's waters…
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…
SAFE Boats International (SBI) announced that Rob Goley has joined the company as its new Business Development Director – U.S. Federal Programs. Goley comes to SBI as a recently retired 20‐year veteran of the U. S. Coast Guard (USCG). During his tenure with USCG…
Mitsui O.S.K. Lines, Ltd. today announced that the company continues to meet the inclusion criteria and remains a valued member of the FTSE4Good Index Series: the world's major Environmental Social and Governance (ESG)/Responsible Investment (RI) index (MOL have been selected since 2003)…
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…
