Asia-N.Europe Box Rates at New Low
Freight rates for the shipping of containers from Asia to Northern Europe fell by 1.7 percent to a record low $343 per 20-foot container (TEU) in the week ended Thursday…
COSCO Q1 Profit Sinks on Shipyard, Shipping Weakness
COSCO Corporation Singapore Ltd, part of one of China's largest shipbuilding groups, said its first-quarter net profit dropped 94 percent year-on-year to S$766,000 ($579…
Shell Awaits U.S. Nod, Pushes Ahead in Arctic
Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo…
Maersk: Iran Must Release Ship, Crew
Denmark's Maersk shipping said on Thursday it insisted on the release of a vessel and crew seized by Iran, adding it assumed the incident was related to a 2005 court case over uncollected cargo.
Scandlines Raises Profitability, Competitiveness in 2014
Scandlines reports good financial results in 2014 as the company strengthened its competitive position through significant investments in new ferries as well as…
Project to Make e-Navigation a Reality
The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea.
Peel Ports Launches Cargo200 Initiative
The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the…
Transiting Vessels Urged to Exercise Caution
Following news that a cargo ship was yesterday (28 April) intercepted by an Iranian Revolutionary Guard naval patrol in the Strait of Hormuz, GAC is recommending…
Gateway Distriparks Reports Higher Profits
Gateway Distriparks Limited (GDL) today announced record profits for the year ended 31 March 2015. During the year, GDL Group (CFS + Rail + Cold Chain) Net Profit…
Contest: Join a Plastic Pollution Research Voyage to the Atlantic Ocean
The 5 Gyres Institute, a leader in global plastic pollution research, has launched an online contest for those who want to learn first-hand about the problem and help drive solutions.
Eni Starts Production from Cinguvu Field, offshore Angola
Eni started production two weeks ahead of schedule at the Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately…
CMES Q1 Profit Surges on Strong VLCC Earnings
China Merchants Energy Shipping has posted 22.6% on-year growth in net profit to Yuan225m ($36.3m) during the first quarter ended 31 March 2015 due to buoyant tanker markets.
Japan Considering Patrols with US in South China Sea
Japan may join the United States in air patrols in the South China Sea in response to China’s growing intent to make good on land claims, according a report in Reuters.
Scorpio Tankers to Launch 15mln Public Share Offering
Scorpio Tankers has announced a public offering of 15 million common shares, with an underwriter’s option to purchase up to an additional 2.25 million units. New…
Russia Launches Quietest Submarine in the World
Russia has launched the fourth of its Varshavyanka-class diesel-electric submarines. Admiralty Shipyards - a Russian defense company - held a ceremonial launching…
Arctic Whitening Might Help Ice But Not Climate
The attempt to artificially whiten the surface of the Arctic Ocean and offset climate change will not be able to reduce global temperatures substantially. It could…
Costamare, York Capital to Extend Shipping Pact
Greek ship-owner Costamare and US-based hedge fund York Capital Management are considering extending the life of their investment joint venture that has already…
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