Adani Ports Consolidated PAT for Q1FY16 Up 13%
Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter ended June 30, 2015.
Videotel Supports CIC For Enclosed Spaces
Videotel, the leading international provider of e-Learning maritime training programs and a company of KVH Industries, Inc., has backed the Concentrated Inspection…
Nordic American Tankers' Declares 2Q Cash dividend
The second quarter 2015 produced better results than the first quarter 2015. So far in the third quarter, we have secured higher average rates than in the two preceding quarters of the year.
DONG Hires Maersk Giant
Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with Danish energy utility DONG Energy. The firm contract covers 150 days of work…
ICTSI 1H 2015 Net Income Down 1%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first half of 2015, posting revenue from port operations of US$552.1million…
Sulzer Takes Measures in the Pumps Equipment Division
Based on the current challenging environment in the oil and gas market, Sulzer decided to take measures to streamline the manufacturing capacities of its Pumps Equipment division.
Strike Likely at Panama Canal's 3rd Set of locks Project
The Panama Canal Authority (ACP) has learned of the National Union of Workers of Construction and Similar Industries (SUNTRACS) notice to strike issued to Grupo Unidos por el Canal (GUPC).
Russia Claims Ownership of the Arctic and North Pole
Russia, led by President Vladimir Putin, has re-submitted its petition to the United Nations claiming exclusive control over 1.2 million square kms (463,000 square miles) of the Arctic sea shelf…
Will COSCO-CSCL Marriage Happen Soon?
The ocean carrier merger - between China’s two state-owned megacarriers, COSCO and CSCL - rumours are back in the news! The beleaguered state behemoths struggling…
China to Dig the Nicaragua Canal With a Change in Layout
The $50 billion project of Hong Kong development company HKND to build an artificial waterway across Nicaragua to go ahead with some modification of the route of…
Brisbane Port Picket over Sacked Workers Continues
A picket of Hutchison ports in Sydney and Brisbane has entered fourth day after the Maritime Workers Union vowed to continue defying a Fair Work order to cease industrial action.
Panama Canal to Limit Cargo on Bigger Ships amid El Nino Drought
The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes…
UASC Places Order of 3500 Reefer Containers
United Arab Shipping Company (UASC), a leading container shipping line and emerging global carrier, has ordered another 3,500 reefer containers, after ordering 2…
Moroccan to Acquire Submarine from Moscow
Moroccan King Mohammed VI’s upcoming visit to Moscow by the end of 2015 is expected to conclude negotiations to obtain the country’s first submarine from Russia, says a report in World Tribune.
Iran-Japan Joint LNG Production
Iran's oil minister invited the Japanese delegation to partner in many areas especially Liquid Natural Gas (LNG) output, reports MNA. The delegation of high-level…
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