Global marine terminal operator DP World announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40.8% ahead of the first half of 20
Ackermans & van Haaren realized a net profit in the first half of 2014 of 96.4 million euros, an increase by 1.6 million euros (+1.6%) over last year. The increase of the half-year profit is primarily thanks to a substantial improvement (+31.9 million euros) in the result of the participations, amou
Two of the Royal Navy’s survey ships have traded places as the 18-month scientific mission of HMS Echo draws to a close while HMS Enterprise’s begins. The sister ships spent five days in Catania in Sicily for an official handover of duties allowing HMS Enterprise to go east of Suez and continue Echo
By 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar, UK-based consultancy group Wood Mackenzie asserts. The supply capacity of Malaysia’s PETRONAS is growing through new capacity additions in eastern Malaysia as well as Canada,
BSR’s Clean Cargo Working Group (CCWG) said in its latest annual CO2 emission performance data for the container shipping industry that on an average, its member carriers have reduced CO2 emissions per container transported in 2013 by 7.7%. 7.7% reduction of CO2 emissions per container in 2013 Cle
Singapore’s SBI Offshore is in talks with an unnamed Middle East-Chinese consortium to build up to five jack-up drilling rigs. SBI Offshore last week secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 m
Sohar Port and Freezone’s main independent supplier of bunkering services has expanded its offshore refuelling operations for ships calling at the Omani port, with the addition of a 6,000 megaton barge to its fleet. Omanoil Matrix Marine Services LLC, a joint venture between Germany’s Matrix Marine
A couple of orders to report in dry sector this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 DWT bulk carriers at Tsuneishi Zosen with delivery in 2017, according to Clarkson’s Hellas S&P Weekly Bulletin. Navibulgar has also contracted four fir
Oman’s Port of Salalah has enhanced its berth productivity levels becoming ranked as the 15th port on global level, thus matching top container ports in the world, according to the independent research firm Journal of Commerce (JOC) which has produced the 2013 Port Productivity report for the second
Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost doubling of KPC’s shipments of crude to China. This is a milestone deal for KPC, under which, as of 2014 KPC will provide Unipec crude oil with the volume expected to reach 300,000 barrels per day
Following the previous investments in the Beverdonk Container Terminal at Grobbendonk, DP World has taken over all the shares Euroports owned in Trilogiport (Liège container terminal). With this, the international terminal operator takes full responsibility for the development of Trilogiport, the co
The summer lull that took over the newbuilding market is not over yet, as prices for new ships are forecast to continue to soften, according to London-based shipbroker Gibson. The dowturn has stricken the tanker product orderbook the strongest, as explained by Gibson, with Tsakos Energy’s order for
The ZIM Chicago, a ship owned by Israeli shipping line ZIM Integrated Shipping Services ltd, has departed the Port of Tacoma on schedule, after being unloaded and loaded as planned by the longshore workers, despite a pro-Gaza protest at the port, the Port authority informed yesterday. Pro-Palestinia
Israel’s shipping company ZIM Integrated Shipping Ltd. has published its results for the second quarter of 2014, on the backdrop of the successful conclusion of its debt restructuring on July 16, 2014. Under the terms of restructuring, Israel Corporation’s holding in ZIM was reduced from 100% to 32%
