The result for the period of first quarter of 2013 was affected by reduced volumes in North America and Western Europe, as well as reduced activity level in Inland Services, following the divestment of Maersk Equipment Service Company Inc., USA (MESC) in March 2012. Positive developments in terminals in high growth markets compensated for this. [...]
Maersk won the IMO 2013 themed award: “Sustainable Development – IMO’s contribution beyond Rio+20” in support of the IMO’s theme for World Maritime Day for 2013, at the 25th annual Seatrade Awards ceremony held in London recently. The award ceremony was held at the historic Guildhall, London, on Friday, 10 May, with over 350 of [...]
May 20, 2013 | Posted in
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China: ABB Signs Service Agreement with CLSICO ABB, the leading power and automation technology group, signed a long-term Preventive Service agreement with China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all ABB equipment onboard of its six LNG vessels in the next five years. The contract commenced January 1, 2013. CMA [...]
May 19, 2013 | Posted in
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The Netherlands: BigLift and RollDock Form New Company – BigRoll Global heavy lift and transportation providers BigLift Shipping and RollDock Shipping announced on May 6 the formation of a joint company, BigRoll, which will operate two newbuild MC-Class Module Carriers for the transportation of ultra large and heavy modular Two Containerships Collide near Bremerhaven, Germany [...]
May 12, 2013 | Posted in
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Vantage Drilling Company reported a net loss for the three months ended March 31, 2013 of $24.9 million or ($0.08) per diluted share excluding approximately $98.3 million of charges for the early retirement of debt as compared to a net loss of $1.2 million or ($0.00) per diluted share for the three months ended March [...]
May 10, 2013 | Posted in
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WWH’s operating profit and total income declined quarter on quarter and year over year mainly as a consequence of continued drop in shipping volumes and a less favourable cargo mix. In the second quarter, the group’s activity level is expected to be in line with the first quarter. Operating profit for the first quarter was [...]
Shippers’ Summit will be held at the Hyatt on the Bund, Shanghai, China from September 24 to 25, 2013. The conference will attract over 500 leading companies in the field of logistics sector including ports, shipping companies, rail transportation companies, highway transportation companies, cargo shippers and freight forwarders, and more. 40 percent of the attendees [...]
May 8, 2013 | Posted in
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Odfjell, a Norwegian company engaged in transportation and storage of bulk liquid chemicals, acids, edible oils and other special products, reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of USD 27 million in its report for the first quarter of 2013. Based on the report, EBITDA reflects a slightly better chemical tanker market [...]
DP World is the winner of the prestigious Golden Peacock Award for Business Excellence for 2013 for its professionalism and quality operations across its five marine terminals in India. The annual award was presented at a ceremony in Dubai in recognition of DP World’s business practices in India. It marks the third year running that [...]
May 6, 2013 | Posted in
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ADPC company, a master developer and regulator of port and the Khalifa Industrial Zone Abu Dhabi (Kizad), was in Colombo yesterday for the opening of the Sri Lankan Trade and Logistics Conference 2013. The conference and exhibition is aimed at demonstrating Sri Lanka’s growing investment in its ports and maritime facilities, its emerging status in [...]
May 3, 2013 | Posted in
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