Green Marine
Maersk’s Quarterly Profit Dips
Danish shipping and energy conglomerate Maersk Group delivered USD 1.1 billion underlying net profit for the quarter ended June 30, as compared to USD 1.2 billion reported for the same period a year earlier, largely due to a dip in oil price and lower average container freight rates. The underlying
Maersk’s Quarterly Profit Dips
Danish shipping and energy conglomerate Maersk Group delivered USD 1.1 billion underlying net profit for the quarter ended June 30, as compared to USD 1.2 billion reported for the same period a year earlier, largely due to a dip in oil price and lower average container freight rates. The underlying
Tallink Improves Quarterly Profit by 368 Pct
Estonian ferry operator AS Tallink Grupp reported EUR 28.5 million net profit for the second quarter of 2015, a 367.7% jump compared to EUR 6.1 million net profit for the same period a year earlier, due to increased charter revenues and lower operating costs. Tallink’s unaudited revenue for the seco
Tallink Improves Quarterly Profit by 368 Pct
Estonian ferry operator AS Tallink Grupp reported EUR 28.5 million net profit for the second quarter of 2015, a 367.7% jump compared to EUR 6.1 million net profit for the same period a year earlier, due to increased charter revenues and lower operating costs. Tallink’s unaudited revenue for the seco
Update: USCG Suspends Search for Missing Boxship Crewman
The U.S. Coast Guard has suspended the search for a missing crew member of the Marshall Islands-flagged container ship Ibrahim Dede who was reported missing on August 11, while the ship was transiting from Bayonne, New Jersey to Ocean City, Maryland. Watchstanders at Coast Guard Sector Hampton Roads
Update: USCG Suspends Search for Missing Boxship Crewman
The U.S. Coast Guard has suspended the search for a missing crew member of the Marshall Islands-flagged container ship Ibrahim Dede who was reported missing on August 11, while the ship was transiting from Bayonne, New Jersey to Ocean City, Maryland. Watchstanders at Coast Guard Sector Hampton Roads
APM Terminals Ventures into Colombia
Dutch-headquartered container terminal operator APM Terminals, part of Maersk Group, and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.), have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cart
APM Terminals Ventures into Colombia
Dutch-headquartered container terminal operator APM Terminals, part of Maersk Group, and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.), have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cart
Maersk Launches Second USD 1bn Share Buy-Back
The board of directors of Denmark’s shipping and oil giant A.P. Møller – Mærsk A/S has decided to initiate the second share buy-back program of up to DKK 6.7 billion (approximately USD 1 billion) to be executed during a 12 months period. The share buy-back program is initiated pursuant to the author
Maersk Launches Second USD 1bn Share Buy-Back
The board of directors of Denmark’s shipping and oil giant A.P. Møller – Mærsk A/S has decided to initiate the second share buy-back program of up to DKK 6.7 billion (approximately USD 1 billion) to be executed during a 12 months period. The share buy-back program is initiated pursuant to the author
Höegh Gallant Dropped Down
Norwegian owner and operator of LNG floating terminals Höegh LNG Holdings has agreed to sell the entity that owns the FSRU Höegh Gallant to its spin-off Höegh LNG Partners for a purchase price of USD 370 million. The existing debt related to the Höegh Gallant is approximately USD 183 million and wil
Höegh Gallant Dropped Down
Norwegian owner and operator of LNG floating terminals Höegh LNG Holdings has agreed to sell the entity that owns the FSRU Höegh Gallant to its spin-off Höegh LNG Partners for a purchase price of USD 370 million. The existing debt related to the Höegh Gallant is approximately USD 183 million and wil
2M Cuts Condor Service
The 2M alliance between two of the world’s largest container carriers – Maersk Line and Mediterranean Shipping Company – is cancelling its so-called Condor service connecting Asia and Europe, effective mid-September. The Condor service, which has a nominal weekly capacity of 9,500 TEU, will cease op
2M Cuts Condor Service
The 2M alliance between two of the world’s largest container carriers – Maersk Line and Mediterranean Shipping Company – is cancelling its so-called Condor service connecting Asia and Europe, effective mid-September. The Condor service, which has a nominal weekly capacity of 9,500 TEU, will cease op