The start of 2016 proved to be somewhat more challenging than expected for Qatar Navigation (Milaha) which booked a 3.5% lower net profit in the first quarter of 2016, ending March 31st year-on-year. Qatar-based marine transport and logistics conglomerate’s net profit for the quarter reached QAR 352
Danish container shipping major Maersk Line has launched a direct, weekly service from India’s deep water Krishnapatnam Port to Salalah in Oman by inaugurating the maiden call of M/V Maersk Bentonville. Featuring a gross tonnage of 4,504 t, the 53,201 dwt boxship was built in 2006. The weekly servic
China’s Biggest LNG Carrier Hits the Water China’s biggest liquefied natural gas (LNG) carrier, which features a length of 290 meters, was launched at the Hudong-Zhonghua Shipbuilding, Shanghai, on April 15… Read More Update: The New Carrier Alliance Is Here Container shipping majors CMA CGM, COSCO
Dredging Today brings you an overview of the most popular stories from the past week (April 18-24, 2016). Boskalis’ Shoalway Busy in Aberdeen Aberdeen Harbor Board’s annual maintenance dredging campaign started last week. Boskalis Expands Dredging Fleet with Magnor The largest and most efficient
A day-long celebration will today mark the opening for signature of the Paris Climate Change Agreement at the United Nations headquarters in New York, with more than 160 countries having expressed their intention to sign the agreement. Events will start at 8.30 am EST with an opening ceremony in the
The National Shipping Company of Saudi Arabia (Bahri Liner) has entered into a space charter agreement with Hamburg-based specialist for project and heavy lift liner services Rickmers-Linie. Under the terms of the deal, the companies would charter space from each other covering the ports on the US A
Hapag-Lloyd AG (HL) and United Arab Shipping Company SAG (UASC) are currently discussing forms of cooperation including a potential combination of their mutual container shipping operations, German shipping company confirmed. “In case of a business combination, the parties are basing their discussio
German shipping major Hapag-Lloyd is said to be in talks with United Arab Shipping Company (UASC) on a potential merger of operations. The report on the merger has emerged in German media, however World Maritime News also received a confirmation from a source close to the matter. The merger, if conc
Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight by Drewry Supply Chain Advisors. The average on-time performance in March gained 5.5 points against February to reach 68% with an average deviation from th
Qatar Gas Transport Company Limited (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, posted a net profit for the first quarter ended 31 March 2016, worth QR 240 million (aprox USD 66 mln) compared with QR 223 million of the same period of last year, up by 8 percent. Nakilat
Offshore drilling contractor Rowan Companies has been awarded two contracts for one jack-up drilling rig, while the dayrate for Rowan’s other jack-up could be slashed retroactively if the client exercises its extension option. According to the offshore driller’s latest fleet status report, Rowan’s h
With more than $300 billion paid out by insurers for coastal storm damage in just the past 10 years, losses from natural disasters are reaching all-time highs, according to The Nature Conservancy. As coastal communities seek to maximize the cost-effectiveness of their infrastructure solutions, The W
Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) has inked a one-year feeder agreement with Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), to transport up to 150,000 TEUs of petrochemical exports from Qatar. The contract, which starte
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) is planning to add new tonnage to its fleet of product and chemical tankers and reinforce its shipping services business. The fleet growth plan was announced by the company at today’s press conference, with GulfNav setting sights on
