Cosco Pacific Beats Profit Estimate
Cosco Pacific Ltd.'s 2015 net profit rose 30% from a year earlier on the back of a write back of a provision. It recommended a final dividend of 22.9 Hong Kong cents a share.
DNV GL ECO Insight: Incentive Provider for Enviro Ship Index
DNV GL’s fleet performance management solution ECO Insight has become an incentive provider for the Environmental Ship Index (ESI), a voluntary system designed to…
Arctic Sea Ice Hits a Record Low
Scientists at the National Snow and Ice Data Center (NSIDC) said that the sea ice cover attained an average maximum extent of 14.52m sq km (5.607m sq miles) on 24 March…
Maersk Line Honors Al Sharqi Shipping
For the fourth time in a row, Al Sharqi Shipping was awarded the Maersk Platinum Award, recognizing the company once again as a top Maersk Line customer. The most recent award, presented on February 24, 2016 for the year 2015, marks the fourth consecutive Platnium win with Maersk line - 2012 to 2015. The Gala Dinner was held at Nassima Royal Hotel, Dubai. In a gathering of barely 45 attendees, the…
Maritime Training: Implementing CI in Familiarization Training
Continuous Improvement (CI) is the process of continually analyzing the performance of some aspect of operations, and then applying changes intended to improve that performance. It is a critical component in maintaining the health of any operation and can be applied to almost any activity. This is the third and final installment in a series of articles intended to introduce CI, and to give some practical…
MSC: Bringing Asia to Northern France
The Mediterranean Shipping Company (MSC) provides a range of shipping services between France and the world’s major trade hubs. Since its foundation in 1993, MSC France has scaled up into a 675,000 TEU per annum business. MSC France now has a team of more than 500 employees across its offices in Paris, Bordeaux, Brest, Dunkerque, Lyon, Marseille, Montoir, Rouen and Le Havre. MSC has operated out of Le Havre since 1993…
Mitsui Delivers Bulker Ionic Unicorn
Japanese shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has completed and delivered a 60,000 dwt type bulk carrier M.V. Ionic Unicorn (MES Hull No.
Rodriguez Towboat For Mid-River
Over the years, Rodriguez triple-screw shallow-draft towboats have won a following in the shallow waters of the Mississippi River estuary. Many of these boats are the distinctive aft-cabin Lugger-type of vessel. Recently Mid-River Terminals of Osceola, Ark. has taken delivery of a new design towboat from Rodriguez. With a conventional forward-house pusher configuration, the new 70- by 30-foot MV Dianna Lynn utilizes the same propulsion as the Lugger tugs.
Containership Sets Sail on India-Bangladesh Trade
Krishnapatnam Port, an all-weather; deepwater port on India’s east-coast, earmarked a historic moment for India’s bilateral trade and commerce as the first direct container vessel, part of coastal shipping agreement to facilitate trade between India and Bangladesh, set sail from the port on March 28, 2016. The trade agreements which were signed during the reign of the then Indian Prime Minister Indira…
Russia Tops up Urals Oil Exports from Baltic Sea
Russia will ship an extra 100,000 tonnes of Urals crude oil from the Baltic Sea port of Primorsk in April, bringing total shipments from that port to 4.6 million tonnes…
A Hundred Chinese Boats Encroach in Malaysian Waters
About 100 Chinese fishing boats have been detected encroaching in Malaysia's waters in the disputed South China Sea, Malaysia's state news agency and a coastguard official said on Friday.
Qatari LNG Tanker Logjam Signals Production Maintenance
Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's biggest hub for the fuel - signal that seasonal maintenance is curbing output…
Highest Officer in US Navy Bribe Scheme Sentenced to 46 Months
A federal judge in San Diego on Friday sentenced a U.S. Navy captain caught in a $30 million bribery scandal to 46 months in prison, bringing to a close the case…
PDVSA Says Operations are Normal at Main Oil Port
Venezuelan state oil company PDVSA on Friday said it guaranteed that operations were normal at its main oil port, adding it had provided "uninterrupted" services to an average of 56 tankers per month.
EGAS Completes Tender for 2 LNG Cargoes for April Delivery
Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman Khaled Abdel Badie told Reuters on Sunday…
Oil Prices Rise in Thin Asian Trade after Break
Oil prices rose in early Asian trading on Monday after a three-day break, but volumes were tiny as a number of markets remain on holiday for Easter. U.S. crude's…
Indonesia Palm Oil, Cocoa Bean Export Taxes Unchanged for April
Indonesia will keep the export tax for crude palm oil at zero in April, unchanged from March, Nurlaila Nur Muhammad, the director of export of agriculture and forestry products at the Trade Ministry…
China Angered by Japan's New Radar Station
Japan on Monday switched on a radar station in the East China Sea, giving it a permanent intelligence gathering post close to Taiwan and a group of islands disputed by Japan and China…
China Cosco Shipping to Maintain Alliances until Expiry
China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday. The group's spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire. China COSCO , a unit of COSCO, is part of the CKYHE alliance with Kawasaki Kisen Kaisha, Yang Ming Marine Transport, Hanjin Shipping and Evergreen Marine…
Rep. Conaway Tours Newport News Shipbuilding
Huntington Ingalls Industries (HII) hosted Rep. Mike Conaway, R-Texas, for a tour of the company’s Newport News Shipbuilding division. The visit provided an opportunity for Conaway to meet shipbuilders and see the progress being made across Newport News’ ship construction programs. As a member of the House Armed Services Committee, Conaway introduced legislation last fall to increase the number of operational U.S. Navy aircraft carriers mandated by law from 11 to 12.
