UAE to the Rescue of DP World’s Container Terminal in Djibouti
The United Arab Emirates (UAE) condemned Djibouti’s cancellation of DP World’s contract to run the Doraleh Container Terminal, calling it an “arbitrary” flouting of a signed agreement…
UK P&I Club Focus on Financial Stability
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, emerges from the renewal to start the new policy…
Nakilat Posts 2017 Profit of $233
Qatar-based Nakilat (Qatar Gas Transport Company) has announced its financial results for the year ended December 31, 2017, with a net profit of QR 847 million (about USD 233 million).
Otto Marine Seeks Insolvency Protection
Singapore-based offshore shipbuilder Otto Marine is seeking insolvency protection from the High Court in a bid to salvage the company and stave off liquidation.
Mediterranean Shipping Company Cleans Up Durban Cargo Spill
When a freak storm hit the Port of Durban on 10 October 2017, two cargo containers holding plastic nurdles were dislodged from the deck of an MSC Mediterranean Shipping…
Rubio Named CFO of GulfMark Offshore
GulfMark Offshore announced that Samuel "Sam" R. Rubio will be promoted to the position of Chief Financial Officer upon completion of the filing of the company’s Form 10-K.
StealthGas Back to Black in 4Q
Liquefied petroleum gas (LPG) carrier and tanker owner StealthGas has reported revenues of $38.4 mill in the fourth quarter of last year, an increase of 2.4% compared to 4Q16.
SeaBird Exploration Bags Contract in West Africa
Cyprus-based provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, SeaBird Exploration has signed an agreement…
