Category: Maritime

ICTSI Posts $44.1 million Net Income In Q1
May 10, 2018 No Responses

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...
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LNG Gets More Acceptance In Central America
May 8, 2018 No Responses

LNG Gets More Acceptance In Central America

Central America and the Caribbean are taking an ever-growing role in the Panama Canal’s trade of Liquefied Natural Gas (LNG) amid increasing interest in the environmentally friendly and cost-efficient cargo to meet their energy needs. Peru and Trinidad and ...
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Dakuku: Regional Cooperation Key To African Maritime Security, Development
May 8, 2018 No Responses

Dakuku: Regional Cooperation Key To African Maritime Security, Development

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that regional cooperation is key to the safety and security of inbound and outbound goods and services to Africa through the seas.   ...
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Corporation Unveils Helix Terminal At Port of Barcelona
May 7, 2018 No Responses

Corporation Unveils Helix Terminal At Port of Barcelona

Miami-based cruise company Carnival Corporation & plc officially opened its second cruise terminal at the Port of Barcelona on May 5. Located on the port’s Adossat wharf, the Helix terminal will accommodate Carnival Corporation’s new class of next-gene...
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Euroseas Okay Charter, Financing For New Bulker
May 6, 2018 No Responses

Euroseas Okay Charter, Financing For New Bulker

Greek shipowner Euroseas has entered into a time charter contract for its newbuilding vessel, the 82,000 dwt Ekaterini. Under the agreement, secured through its subsidiary, the company’s 2018-built Kamsarmax bulk carrier has been chartered to a “highly r...
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Maersk Welcomes Medium Range Product, Chemical Tanker
May 4, 2018 No Responses

Maersk Welcomes Medium Range Product, Chemical Tanker

Danish-based Maersk Tankers has welcomed into its fleet Maersk Capri, a newbuilding Medium Range (MR) product/chemical tanker. The 50,000 dwt ship, flagged in Singapore, was named on April 19 at the Samsung Heavy Industries shipyard in Ningbo, China. ” Maer...
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Hyundai Secures $407m Contract For Monaco’s Four Containerships
May 4, 2018 No Responses

Hyundai Secures $407m Contract For Monaco’s Four Containerships

South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract from Zodiac Group Monaco to build four containerships. The shipbuilding major said the contract was worth $407million. The four container carriers are scheduled for delivery by July 202...
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CMA CGM Confirms Investment In CEVA Logistics
May 3, 2018 No Responses

CMA CGM Confirms Investment In CEVA Logistics

CMA CGM on Thursday confirmed its investment in CEVA Logistics, a global leading player in the logistics sector, on the occasion of CEVA’s initial public offering (IPO).   According to CMA CGM, “”This investment will take the form of convertible...
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LNG Floating Terminal Inaugurated
May 2, 2018 No Responses

LNG Floating Terminal Inaugurated

Indian’s first floating liquefied natural gas (LNG) terminal was inaugurated on May 1 by the country’s gas company H-Energy, a unit of Hiranandani Group. Eni’s floating storage re-gasification unit (FSRU) GDF SUEZ Cape Ann was hired for the job in 2017....
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Firm, Carnival Cruise Line Extend Cruise Service Deal
May 2, 2018 No Responses

Firm, Carnival Cruise Line Extend Cruise Service Deal

The Jacksonville Port Authority (JAXPORT) and Carnival Cruise Line have reached an agreement to extend Carnival cruise service from Jacksonville through at least May 2021 and potentially through 2027. The contract extends the cruise line’s service from Jacks...
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COSCO Shipping Records 33 Per Cent Drop In QI Profit
May 1, 2018 No Responses

COSCO Shipping Records 33 Per Cent Drop In QI Profit

Shanghai-listed COSCO Shipping Holdings saw its profit plunge by 33 percent in the first quarter ended March 31, 2018. The company’s net profit dropped to CNY 180.8 million (USD 28.4 million) in the period, from CNY 270.1 million (USD 42.5 million)...
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LNG Bunkering Hub Underway For Shipping Firms
April 30, 2018 No Responses

LNG Bunkering Hub Underway For Shipping Firms

In the light of efforts to decarbonise maritime transport, the Japanese government expects LNG to become a significant fuel for shipping and is positioning Japan as a hub for ships to bunker LNG. A new report by the International Transport...
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Low Sulphur Fuel Best Solution For 2020 Sulphur Cap, Says Maersk CEO
April 30, 2018 No Responses

Low Sulphur Fuel Best Solution For 2020 Sulphur Cap, Says Maersk CEO

Low sulphur fuel is the best way for the shipping industry to meet the International Maritime Organization’s (IMO) sulphur cap, set to enter into force in 2020, CEO of industry major A.P.Moller Maersk, Soren Skou, said at Singapore Maritime Week 2018....
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Grimaldi Okays $400m For Six RoRos
April 28, 2018 No Responses

Grimaldi Okays $400m For Six RoRos

The Grimaldi Group from Italy has ordered the construction of six RoRo vessels from the Chinese Jinling shipyard.  The sextet, worth USD 400 million, is scheduled for delivery in 2020, and forms part of the company’s ambitious fleet expansion plan....
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