DP World H1 Profit Soars on Acquisitions
DP World, one of the world's largest port operators, reported a 50 percent leap in net profit for the first half of this year on Thursday, helped by the acquisitions…
Hong Kong Shipping Group Wants Aid to Arrested Ship's Crew
The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off…
Daewoo Shipbuilding Selling Shares to Raise Funds
South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd said on Thursday it is planning to sell shares to raise funds by the end of this year, with details…
Adani Kattupalli Port Acquires AEO Certificatio
Adani Kattupalli Port Private Ltd (AKPPL), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, has been…
DP World to Delay Jebel Ali Port Expansion
Company blames softer market conditions; plan to add 1.5 mln TEU to Terminal 3 delayed into 2017. DP World, one of the world's largest port operators, is delaying…
Damen Bags Jack-up Pontoon Contract
Damen Shipyards Sharjah (DSS) in the United Arab Emirates has won a contract to build a shallow draught, self-propelled Jack-up Pontoon 3526 for the UAE-based contractor Aqua Diving Services Ltd.
Northwest Seaport Alliance Witnesses Start of Peak Season
Strong import volumes through The Northwest Seaport Alliance in July suggest peak shipping season is just around the corner, with full imports jumping nearly 12 percent compared to July 2015.
NOAA’s Beacon Registraion Surpasses Half Million
ACR Electronics, Inc., shares a milestone registration update from the National Oceanic and Atmospheric Administration (NOAA) database which recently hit a record number of 500…
SC Ports Posts Earnings of $39 Mln
Today South Carolina Ports Authority reported 2016 fiscal year-end operating earnings of $39 million, revenues of $211 million and operating expenses of $172 million.
LR's OVID to Strengthens Vessel, Rig Inspection Service
Inspectors of Lloyd’s Register are optimising inspection regimes thanks to their accredited status using the OVID web based inspection tool to reference inspection reports.
Indonesia Sinks 60 Fishing Boats on Independence Day
On Wednesday, Indonesian Independence Day, the southeast Asian country sank 60 vessels – 58 foreign boats and two domestic vessels – it captured for unlawfully fishing in its territorial waters.
Indonesia to Change Name of South China Sea to Natuna Sea
President of Indonesia Joko Widodo, commonly known as Jokowi, has vowed to transform Indonesia, which includes 17,000 islands into a ‘maritime power’, and also…
Caterpillar to Establish Singapore Marine Hub
Caterpillar Marine is establishing a new Marine Center in Singapore in the facility at 5 Tukang Innovation Grove previously occupied by Caterpillar Remanufacturing.
What Happened to Malaysian Marine Tanker?
Malaysian and Indonesian maritime authorities were searching for a fuel tanker with 10 crew members on board that has disappeared in an apparent hijacking. According to a Reuters report…
Japan, China, South Korea Plan Maritime Talks
China is working with Japan and South Korea to arrange foreign minister talks next week, pairing a hard-line stance on maritime issues with a greater willingness for dialogue, says a report in SCMP.
500 Passengers Abandon Burning Ship In Caribbean Sea
More than 500 passengers and crew evacuated from burning Caribbean Fantasy, a combination cruise and ferry ship, about a mile off Puerto Rico’s north coast Wednesday…
India Bullish on Logistic Costs Saving through Sagarmala
Augmenting operational efficiency of ports & optimizing logistics evacuation can give boost to Indian trade and help seize the big opportunity of growth in Indian cargo traffic at ports which is estimated to increase to 2.5 bn MMTPA by 2025, says a report prepared under the Sagarmala port-led development programme of Ministry of Shipping. The Origin Destination study on cargo traffic projections &…
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