OPDR Adds More Calls to Its CISS Service

Image Courtesy: OPDR

Hamburg-based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) optimized its Canary Islands and Iberian ...

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Container Port Operators Eye Mergers and Acquisitions

Image Courtesy: FEPORT

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports ...

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Japan's Big Three Slash Full Year Outlook

Image Courtesy: NYK Line

Due to the persistent weakness in freight rates, Japan’s big three shipping companies Nippon Yusen Kabushiki ...

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Moore Stephens: Shipping to Disclose or Risk Being Exposed

Image Courtesy: WSC

The shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to ...

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Drewry: Brexit to Prompt Change in UK's Imports-Exports Mix

Image Courtesy: TTS Club

The UK’s decision to leave the European Union would probably lead to a change in the mix, as the UK could switch ...

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Ocean Alliance to Increase US East and Gulf Coast Service

Image Courtesy: CMA CGM

Shipping companies from the Ocean Alliance are looking to deploy increased ocean carrier services from Asia to the ...

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Nakilat Sees Steady Increase in Net Profit

Image Courtesy: Nakilat

Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has reported a net profit of QAR 501 ...

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Ocean Yield Sees Steady Profit, Rise in Revenue

Image Courtesy: Ocean Yield

The Oslo-listed Ocean Yield ASA has seen its total revenues for the second quarter of 2016 rise to USD 70.1 ...

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Moody’s: Teekay Corporation's Outlook Raised to Stable

Image Courtesy: Teekay

Moody’s rating agency has upgraded the ratings outlook for Bermuda-based shipping company Teekay Corporation from ...

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Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

Image Courtesy: MOL

Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, ...

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Hanjin Shipping Negotiating Debt Repayment Delay

Image Courtesy: Hanjin Shipping

Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping ...

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HMM to Increase Middle East-Asia Coverage

Image Courtesy: HMM

As Hyundai Merchant Marine aims to take advantage of a surge in shipping demand following the lifting of sanction ...

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Report: EU Ready to Settle with Liner Giants on Price Hikes

Image Courtesy: MSC

The European Commission is considering to accept the offer submitted by fifteen container shipping ...

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Carnival Corporation Sees Record 2nd Quarter Earnings

Image Courtesy: Carnival Cruise Line

Miami-headquartered cruise company Carnival Corporation & plc has reported a net income of USD 605 million for ...

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UK Urged to Form New Free Trade Commission Due to Brexit

Image Courtesy: UK Chamber of Shipping

As the British people made a decision to leave the European Union, the UK should consider establishing a new Free ...

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BIMCO Covers Shipping Contract Novation Loopholes

Image Courtesy: FEPORT

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original ...

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Report: ECB Begins Review into Banks' Shipping Exposure

Image Courtesy: NordLB/Daniel Bames

As the shipping industry continues facing a weak demand, the European Central Bank (ECB) kicked off a review into ...

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Rosneft, Pietro Barbaro Enter Shipping JV

Image Courtesy: Pietro Barbaro

Russia’s oil major Rosneft and Italy’s Pietro Barbaro S.p.A. have formalized their plans to launch a ...

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EIB to Inject USD 1.1 Bn into Cutting Shipping Emissions

Image Courtesy: Dryad Maritime

Under the European Investment Bank (EIB) projects financing, a total of EUR 1 billion (USD 1.1 billion), backed by ...

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NOx Levy Could Cut Emissions by Up to 70 Pct

Image Courtesy: IMO

A levy on nitrogen oxides (NOx) emissions with revenues earmarked to fund the uptake of NOx abatement measures is ...

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South Korea to Consider Merging HMM and Hanjin Shipping

Image Courtesy: HMM

South Korean shipping company Hyundai Merchant Marine (HMM) and its compatriot Hanjin Shipping could be merged if ...

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