Volvo Penta Debuts Innovative Glass Cockpit
The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application…
Long Beach Sees Robust Container Growth
The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.
Maersk Drilling Posts Record Profit
Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted…
Total Proposes 0.61 ‎€ per Share Dividend
The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.44 euros per share…
APM Terminals Broaden Portfolio, Business Model
APM Terminals’ increased invested capital to USD $6.2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance…
Rosneft, Pietro Barbaro Form JV for Shipping
Rosneft and Pietro Barbaro S.p.A. signed a Memorandum of Understanding with the scope of creating a Joint Venture (JV) in the area of international shipping. The…
Update on Seagull Mobile apps for Crew
The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making…
Neptune Awarded Kitan Contract
Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore in February…
NZ's “Sound framework” for Managing Coastal Navigation
A review of coastal navigation safety by Maritime NZ has found that there is a sound framework in place to manage the movement of ships around the New Zealand coast…
Maersk Falls into the Red
Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines…
Maersk Line to Face Miserable 2016
In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities…
Shipping Firms Poised to Settle EU Probe
Fifteen container liner shipping companies "have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines," according…
UK to Double NATO Naval Deployments in 2016
Britain is doubling its naval deployments to North Atlantic Treaty Organization (NATO) in a move aimed a showing enemies that "we are ready to respond to any threat"…
Six New VLCCs Marks the Start of a Busy Delivery Year
2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.
Liberia to Receive Preferential Flag Status with Respect to Chinese Tonnage Dues
Pursuant to the Maritime Transport Agreement signed between the Republic of Liberia and the People’s Republic of China on 3 November 2015, Liberia will be added…
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