Weekly capacity on Far East to US East Coast all-water services has surged by 20% year-on-year, to reach a record high of 143,000 teu this month, according to market analyst Alphaliner. A total of 25 weekly strings currently serve the trade, four more than one year ago. Six strings were launched bet
Qatar Gas Transport Company (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a 10% increase in net profit attributable to its shareholders for the first six months of 2015 when compared to the same period a year before. Nakilat brought its shareholders QAR 490.
Qatar Gas Transport Company (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a 10% increase in net profit attributable to its shareholders for the first six months of 2015 when compared to the same period a year before. Nakilat brought its shareholders QAR 490.
Qatar-based marine transport and logistics conglomerate Milaha said that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September. Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past 7 years. During his tenure as CEO, he oversaw the strategic acquisit
Qatar-based marine transport and logistics conglomerate Milaha said that its President and CEO, Khalifa Ali Al-Hetmi, will retire in September. Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past 7 years. During his tenure as CEO, he oversaw the strategic acquisit
We have often seen ships being loaded with different types of cargo, but have you ever seen a ship being loaded with two other ships? Today’s video shows MV Jubilee, Jumbo Shipping’s heavy lift vessel, performing exactly that operation. The ship has loaded two French Navy’s 600-ton minehunters on bo
We have often seen ships being loaded with different types of cargo, but have you ever seen a ship being loaded with two other ships? Today’s video shows MV Jubilee, Jumbo Shipping’s heavy lift vessel, performing exactly that operation. The ship has loaded two French Navy’s 600-ton minehunters on bo
Nine of the 14 tankers nominated by Iraq’s State Oil Marketing Organization (SOMO) have departed from the Turkish port of Ceyhan, having been left stranded at the anchorage with their orders cancelled, Platts informed citing daily terminal status reports from Monday. It is expected that five more ta
Nine of the 14 tankers nominated by Iraq’s State Oil Marketing Organization (SOMO) have departed from the Turkish port of Ceyhan, having been left stranded at the anchorage with their orders cancelled, Platts informed citing daily terminal status reports from Monday. It is expected that five more ta
National Shipping Company of Saudi Arabia (Bahri) has more than doubled its second-quarter results recording SAR 342.48 (USD 91.2 million) in net profit, the company said in its business report for the first six months of the year ending with June 30. This is a considerable increase compared to SAR
National Shipping Company of Saudi Arabia (Bahri) has more than doubled its second-quarter results recording SAR 342.48 (USD 91.2 million) in net profit, the company said in its business report for the first six months of the year ending with June 30. This is a considerable increase compared to SAR
The average containership load factor across the main headhaul East-West trade routes, adjusted for void sailings, was 86%, down from 90% in the previous quarter and from 89% a year ago, Drewry’s updated first-quarter 2015 data shows. The drop comes on the back of a rather bleak picture for containe
The average containership load factor across the main headhaul East-West trade routes, adjusted for void sailings, was 86%, down from 90% in the previous quarter and from 89% a year ago, Drewry’s updated first-quarter 2015 data shows. The drop comes on the back of a rather bleak picture for containe
Sea levels could rise by 6 meters (20 feet) in the long rung even if a United Nations goal of limiting global warming to 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times is reached, according to researchers at Past Global Changes project. Three times in the recent geological past sea le
