Hutchison Port Holdings Trust Sees Q4 Red
Hutchison Port Holdings Trust said on Friday it swung into loss in the last quarter of 2014 due to a HK$19 billion ($2.45 billion) impairment of goodwill, the first…
Port Battle Underscores Possible Libya Break-Up
Armed factions deploying heavy weapons. Peace talks making little progress. Hidden behind a pile of sand, a tank points its gun towards Libya's biggest oil port…
Manila Urges Beijing to Halt South China Sea Dredging
The Philippines strongly urged China to stop reclamation work on a disputed submerged reef within its exclusive economic zone in the South China Sea, the foreign ministry said on Friday.
Scandlines Takes Over Ferry Route Helsingør-Helsingborg
First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. retroactively as of 1 January 2015. million…
EMGS Posts 4Q 2014 Results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD…
USCG Respond to Sinking Vessel in Astoria, Ore.
The Coast Guard is responding to the sinking of a derelict vessel at the Port of Astoria Thursday. A Coast Guard incident management team is currently on scene and…
Gazprom holds First Investor Day in Asia
Gazprom held the 10th annual Investor Day for the first time in the Asia-Pacific Region – in Hong Kong (February 3) and Singapore (February 5). Taking part in the…
VesselVanguard Debuts App for iPad
VesselVanguard has come up with a new mobile app that gives boat owners an easier way to understand and manage all of the various maintenance requirements for their…
SAL Heavy Lift Completes Africa Move
AL Heavy Lift's Frauke has completed a six-month project transporting oversize cargoes for a West African offshore development. Two empty carousels - each measuring…
Igor Sechin discusses Rosneft with Putin
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014…
Whats Needed for Future Force
Chief of Naval Operations (CNO) Adm. Jonathan Greenert outlined his thoughts Feb. 4 on three science and technology objectives for the Navy and Marine Corps of the future…
Mitsubishi Minatomirai Museum to Open "Ocean" Zone
On March 1 (Sun) the Mitsubishi Minatomirai Industrial Museum will launch its newly renovated "Ocean" zone, an area dedicated to introducing advanced technologies relating to the earth's oceans.
China's $40b Maritime Silk Road Shaping Up
China's $40 billion fund to finance its most ambitious global plan - the Silk Roads and Maritime Silk Road is moving forward steadily as its management team has taken shape.
Hutchison Chinese Ports Assets for Sale
The South China Morning Post has reported Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd is mulling the possible sale of a 40 percent stake of Hutchison…
Shipping Not to Blame for Seal Deaths
New evidence has emerged that seal deaths around the UK’s coastal waters are the result of predatory behavior by grey seals, rather than ship propeller injuries, says UK Chamber of Shipping.
MCC Rolls Out Direct China-Myanmar Shipping Service
The first direct shipping route between Myanmar and China, IA5 (Intra Asia 5) was launched in Yangon, by Maersk Line and MCC Transport. Sources said that the Tokyo Trader…
Hyundai Glovis Signs $100m Qatari Shipping Deal
Hyundai Glovis Co., South Korean shipping firm, clinched a $100 million shipping service contract with a building materials firm in Qatar, reports Yonhap news agency.
Shipping Rates Drop as China Cuts Coal Need
Shipping costs plunged to almost the lowest on record following tumbling demand for coal in China and weakening growth in the nation’s iron ore purchases, reports Bloomberg.
Live Oak Plans LNG Plant on Calcasieu Channel
Louisiana Governor Bobby Jindal and Martin Houston, Chairman of Live Oak LNG, has announced a new natural gas liquefaction and export project, up to a $2 billion investment…
Container Company ECT Under Investigation
The Dutch Authority for Consumers and Markets (ACM) is reportedly investigating alleged market manipulation by Europe Container Terminals (ECT), the largest container company in the Rotterdam harbor.