Incat Crowther's Catamaran Ferry for Lomprayah
Incat Crowther delivered Thapdaorai, the seventh catamaran passenger ferry for Lomprayah High Speed Ferries. Constructed by BP Marine, the 34m vessel is an extended…
APM Terminals Pipavav Project Profit
January 28, 2016: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western India’s gateway ports, reported a net profit of INR 533 million for…
DP World CEO Sharaf Retires
DP World today announces that, after 23 years with the Group and 11 successful years as Group CEO, Mohammed Sharaf has retired from DP World Group, effective today, to pursue other opportunities.
MSC Acquires Portugal Intermodel CP Carga
Swiss Mediterranean Shipping Co. (MSC) has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway. MSC Rail, railway company of MSC…
COSCO Eyes Port of Limassol in Cyprus
After acquiring control of Greece's Piraeus Port Authority SA, China Ocean Shipping (Group) Company (COSCO), is now bidding to run the port of Limassol on the island of Cyprus…
Mercator Sells Five Bulkers
Singapore’s dry bulk shipping company Mercator Lines Limited has has entered into Memoranda of Agreements to sell five bulk carriers, the company’s judicial manager said.
Sick jihadis to Target Cruise Ships in the Mediterranean
Islamic State (ISIS) militants armed with Russian weapons could commit brutal terror attacks on cruise ships in the Mediterranean, Vice Admiral Clive Johnstone…
Dry Bulker Business Down, Says MOL
In the dry bulker business, the market is deteriorating to a new record low due to the imbalance of fleet supply and demand, along with stagnant cargo trade resulting…
Microsoft Mogul's Yacht Destroys Coral Reefs
The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands.
MOL Car Carrier Rescues Castaway
Mitsui O.S.K. Lines, Ltd. has announced that on January 20, 2016, the MOL-operated car carrier TRIUMPH ACE safely rescued a survivor about 80km offshore of Mexico.
