Maersk Group’s Quarterly Profit Down by 86 Pct

Image Courtesy: Maersk

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 224 million for the first ...

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China Cosco’s Net Loss Widens to USD 690 Mn

Image Courtesy: China Cosco Holdings

Hong-Kong listed shipping and logistics company China Cosco Holdings Co (CCHC) has reported a major rise in its net ...

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Overdue Containers Push Venezuela’s Debt to USD 1 Bln

Image Courtesy: HHLA

As a result of a number of delays in returning containers or completely failing to do so, the Venezuelan state ...

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Chinese Newbuilding Orders on Path of Recovery

Image Courtesy: Cosco

Chinese shipyards have seen an increase in newbuilding orders in the first quarter of 2016, according to data ...

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CMES’ 2015 Profit Skyrockets

Image Courtesy: CMES

Driven by strong tanker shipping market tailwinds, the Chinese state-owned shipping operator China Merchants Energy ...

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Has Tanker Shipping Already Hit Its Peak?

Image Courtesy: Euronav

Being the most profitable shipping industry at the moment, tankers are expected to experience a further rise in the ...

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COSCO International Stable Despite Industry Headwinds

Image Courtesy: COSCO International

Despite a slowdown in global trade growth during 2015, the Hong Kong-listed COSCO International Holdings Limited, ...

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Moody's Changes Outlook on Global Shipping to Negative

Image Courtesy: FTA

Moody’s Investors Service (Moody’s) has switched its outlook on the global shipping sector to negative ...

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EU Needs to Step Up Its Approach to African Economies

Image Courtesy: Danish Shipowners' Association

EU delegations across Sub-Saharan Africa should play a key role by stepping into the era of true economic ...

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NYK Aims at Developing New Shipping and Logistics Solutions

Image Courtesy: NYK Line

Tokyo-based shipping line NYK Group (Nippon Yusen Kaisha) has decided to establish a new company, Symphony Creative ...

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d’Amico Sees ‘Strongest’ Returns in Years

Image Courtesy: d'Amico

Italian-listed ship operator d’Amico International Shipping (DIS) has reported its net income at USD 54.4 ...

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Shipping Not That Affected by UK’s Deal with EU

Image Courtesy: UK Chamber of Shipping

The impact of the UK’s agreed deal with the European Union on the reformed membership of the UK to the EU as ...

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GasLog Predicts Busier LNG Shipping Market

Image Courtesy: GasLog

Owner and operator of LNG carriers GasLog Ltd has undertaken a number of financial transactions in order to remain ...

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Milaha Reports 4 Percent Profit Growth

Image Courtesy: Milaha

Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) delivered a net profit of QAR ...

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Cosco Targets 2 Mln TEUs by 2018

Image Courtesy: Cosco

China Ocean Shipping Company (Cosco) has revealed its plans to hit a 2 million TEUs operational capacity mark by ...

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Wärtsilä Powers Japan Shipping’s Shift to Gas Age

Image Courtesy: Wärtsilä

A total of sixteen new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä ...

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COSCO, ABS to Work on Trans-Arctic Shipping

Image Courtesy: COSCO

China Ocean Shipping (Group) Company (COSCO) has signed a cooperation agreement on Trans-Arctic shipping ...

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HMM in New Round of Talks to Sell Bulk Shipping Business

Image Courtesy: HMM

South Korea-based shipping company Hyundai Merchant Marine (HMM) is in talks to sell its bulk shipping business to ...

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Slashing Capacity the Only Way to Go for Shipping

Image Courtesy: Moore Stephens

The shipping industry is to remain volatile and indispensable in 2016, international accountant and shipping ...

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Seven Bidders in the Race for Croatia’s LNG Terminal

Image Courtesy:  LNG Croatia

A total of 7 bids have been submitted by investors interested in building a liquefied natural gas (LNG) terminal on ...

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BIMCO: 2016 Another Challenging Year for Shipping

Image Courtesy: DNV GL

As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to ...

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