DNV GL Revenue Up 10% Post Merger
2014 was the first full financial year of the DNV GL Group AS (DNV GL) following the merger between DNV and GL. “While both managing the ambitious merger and maintaining…
Thailand, China Teams Up on Kra Canal
Thailand and China have signed a memorandum of understanding (MOU) in Guangzhou to jointly cut a shipping passage across Kra Isthmus in southern Thailand, the narrowest part of the Malay Peninsula.
LNG Drive: Helgoland Leaves Building Dock
After almost nine months of construction has MS "Helgoland" the new LNG (Liquefied Natural Gas) ship of Cassen Eils from Cuxhaven, left the building dock of the Fassmer-Werft shipyard.
STX Bags Order for Eight LR1 Tankers
South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) has won an order for up to eight LR1 tankers with a total value of $ 375 million. The contract provides…
Profit Quadruples for CMA CGM
French container line CMA CGM’s consolidated net profit soared to $406 million in the first quarter from $97 million a year ago as the French carrier capitalized on efficiency gains…
MOL Joins 2M on Asia-ECSA Trade
Maersk Line announced that it has entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.
ICTSI Shows Interest in Greece's Port
Philippines head quartered International Container Terminal Services Inc. has expressed interest in a majority stake in Piraeus port in Greece, says a report in AFP. “Yes.
EU Backs Migrant Crisis Naval Plan
EU foreign ministers have agreed to launch a military mission against migrant smugglers in the Mediterranean. The decision allows European governments to move ahead with plans for a naval operation.
U.S. Coast Guard Holds Carrier for Violations
The U.S. Coast Guard detained the Ikan Sudip, a Panamanian-flagged 600-foot bulk carrier, after discovering significant environmental and safety violations during an inspection in Astoria.
