Top

Category: Shipping


Shipping

Team Tankers Bounces Back to Profit in Q2

August 17, 2018

Via: World Maritime News

After posting financial losses, Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018. The company posted a net income of USD 4.4 million in Q2 2018, compared to a net loss […]


Shipping

US Port Everett Kicks Off Modernization Project to Handle Larger Ships

August 17, 2018

Via: World Maritime News

In an effort to be able to handle next-generation ships and heavier cargoes, the US Port of Everett has embarked on the largest capital project in its history by dollar value. On August 15, the port hosted a groundbreaking to […]


Shipping

Diana Shipping Secures Work for Panamax Bulker

August 16, 2018

Via: World Maritime News

Athens-based dry bulk owner Diana Shipping has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of its Panamax dry bulk vessels. Under the deal, Diana’s 74,381 dwt Panamax bulker Coronis would be hired […]


Shipping

Concordia Maritime: Weak Tanker Market Will See an Upturn

August 15, 2018

Via: World Maritime News

As the tanker market remained week during the second quarter of 2018, Swedish tanker owner Concordia Maritime widened its net loss. The shipping company suffered a net loss of SEK 57 million (USD 6.2 million) in Q2 2018, compared to […]


Shipping

Electrification of Ships Building Momentum as RR Unveils New Battery System

August 15, 2018

Via: World Maritime News

A lithium-based energy storage system for ships has been launched by technology company Rolls-Royce. SAVe Energy is said to be a cost-competitive, highly efficient and liquid cooled battery system with a modular design that enables the product to scale according […]


Shipping

COSCO Shipping International Bounces Back to Profit

August 13, 2018

Via: World Maritime News

Singapore-listed COSCO Shipping International saw its turnover from continuing operations jump by 271 pct in the second quarter of 2018. The logistics management company posted a turnover of SGD 40 million (USD 29 million) for Q2 2018, mainly driven by […]


Shipping

Norwegian Cruise Line’s Earnings Outpace Estimates

August 10, 2018

Via: World Maritime News

A strong demand for cruises and the delivery of its latest ship, the Norwegian Bliss, pushed Miami-based Norwegian Cruise Line Holdings’ earnings over the company’s earlier estimates. The company’s net income of USD 226.7 million or earnings per share (EPS) […]


Impact & Regulations, Shipping

NRF: US Imports Set Records ahead of New Tariffs

August 10, 2018

Via: World Maritime News

Imports at major retail container ports in the US have set two new records this summer and are expected to set another one this month on the back of a rise in retail sales as retailers rush to bring merchandise […]


Shipping

Maersk, IBM Unveil Blockchain Shipping Solution

August 9, 2018

Via: World Maritime News

A.P. Moller – Maersk and IBM have created TradeLens, a solution jointly developed by the two companies to apply blockchain to the world’s global supply chain. This follows the January announcement when the duo unveiled the collaboration aimed at offering […]


Shipping

China to Hit Back with 25 Pct Tariffs on LNG Imports from US

August 6, 2018

Via: World Maritime News

In response to the new wave of tariffs announced by the United States, China plans to fight back with USD 60 billion worth countermeasures, targeting, among others, the imports of liquefied natural gas from the U.S. The Chinese Ministry of […]