QTerminals Targets 21,000+ TEU Boxships

Port of Hamad

QTerminals CEO speaks about braving the Gulf crisis and developing Hamad Port.

DP World’s Earns USD 1.2 Bn in 2017

Dubai-based port developer DP World reported 15.1 growth in earnings in 2017.

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Interview: Unmanned Ships - Are We There Yet?

Oskar Levander speaks of the current state of play with regard to the development of autonomous ships.

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Dry Bulkers Worth More than Tankers and Boxships

The dry bulk fleet is now worth more than the combined value of the tanker fleet, leapfrogging containerships as well.

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New Service Line-Up to Boost Volume on Far East-WCSA

Weekly capacity on the Far East - WCSA route is to reach 84,000 TEU from April, rising by 18 percent yoy.

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Bahri, Suez Canal Authority Strengthen Maritime Ties

Bahri and Suez Canal Authority have decided to further support the maritime transport between Saudi Arabia and Egypt.

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Readers’ Picks of the Week (5-9 March, 2018)

Here are the most read stories of the past week.

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Seafarers Happiness Index Down

The average seafarer happiness level in the fourth quarter of 2017 was 6.25 out of 10.

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Update: Maersk Honam Fire Localized

The fire on board Maersk Line's ultra large containership Maersk Honam has been localized.

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Hope Fades for Finding Maersk Honam's Missing Crew Members

Hope fades for finding missing crew members of Maersk Honam which remains ablaze.

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Transas CEO: We Have All Been Block-Chained

Transas CEO: Maritime operations and fleet processes continue to be in limbo.

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Ship Recycling Transparency Initiative Lunched

Shipowners, banks and charity organizations team up on ship recycling transparency.

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Injured Crewman of Fire-Stricken Maersk Honam Passes Away

One of the evacuated crew members of fire-stricken Maersk Honam has passed away.

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GMS, NGO Shipbreaking Platform Embroiled in Legal Quarrel

The dispute between cash buyer GMS and NGO Shipbreaking Platform seems to have reached a tipping point.

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GulfNav Raises More Capital for Expansion

GulfNav concludes capital raising through trading of the rights issue, drops public offering plans.

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Four Crew Missing from Giant Fire-Stricken Maersk Boxship

Four crew members are reported missing following a fire on board Maersk Honam.

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US to Dominate Global Oil Supply in Next 5 Years

The United States is set to take over the throne as the world's largest oil producer in the next five years.

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Nakilat, Maran Gas Add Two LNG Carriers to Their JV

Nakilat, Maran Ventures expand their joint venture partnership with two additional LNG vessels.

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Capacity Indiscipline Threatens Container Shipping's Rebound

Sustaining last year's improved profitability in 2018 may prove challenging for container shipping companies.

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Tanker Owners to Benefit from High Scrapping, Consolidation

High scrapping and market consolidation are expected to contribute to better returns for tanker owners.

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Bahri Sees Profit Drop in 2017

Bahri reports a net income of SAR 800.3 million in 2017, down by 53.4% from the previous year's SAR 1.7 billion.

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Inflection Point for Crude Oil Tanker Market Yet to Come

2018 is not likely to be the turning point for the crude oil tanker market amid continued VLCC deliveries.

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Milaha's Profit Drops amid Shipping Industry Challenges

Milaha's profit drops by 33.9% year-on-year, pressured by significant challenges in shipping sectors.

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Djibouti: DCT Move Prompted by Terminal's Poor Performance

Djibouti cancelled DP World's concession contract due to the recent poor performance of the DCT.

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Nakilat's Profit Down 11 Pct YoY

Nakilat recorded a net income of QAR 847.2 million in 2017, down from QAR 955.4 million posted a year earlier.

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M&A in Container Shipping Expected to Ebb in 2018

The consolidation drive in the container shipping sector through mergers and acquisitions to slow down in 2018.

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DP World Takes Djibouti to Court Again over DCT Concession

DP World has launched new arbitration proceedings in London against the Government of Djibouti. 

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Djibouti Bins DP World's DCT Concession Deal

Djibouti terminated the concession contract with DP World for the operation of the Doraleh Container Terminal.

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