A.P. Moller–Maersk Delivers Increase By 17% In Earnings In Q2 As compared to the same quarter in last year, this year Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2. There is a slight growth in revenue to USD 9.6bn, which is on par…
DHT Holdings Announces It Enters 3-Year Time Charter It has been announced by DHT Holdings, Inc. (“DHT”) that the Company has entered into a three-year time charter with a leading refining company for one of its 2012 built VLCCs that is set to commence post scrubber retrofitting in the fourth quarter this year. A base…
Port Of Long Beach Cargo Volumes Decreases In July By 9.7% Last month Port of Long Beach cargo volumes were down as compared from the previous July, where the number of containers moved through the harbor neared 700,000 twenty-foot equivalent units (TEUs). In the July 2019, the total was 621,780 TEUs, which was 9.7% less…
IMB Maritime Crime Reports Armed Robberies And Crimes In Indonesian Waters The International Maritime Bureau (IMB) worldwide 24-hour Piracy Reporting Center (PRC) reports about the maritime crime that indicates a spike of incidents in Indonesian waters. The reports suggest a recent wave in attempted armed robbery and other attacks although there has been concerted action by…
Prominent Shipbuilders Austal & Incat Employs MAN Engines For Building Fast Ferry An order has been placed by Prominent Australian shipbuilders, Austal, and Incat Tasmania, with a total of eight MAN 16V28/33D STC engines in connection with the decision of the Government of the Republic of Trinidad & Tobago to build one fast ferry at…
Port Of Los Angeles Becomes Busiest In July With Record Of 912,154 TEUs The Port of Los Angeles has set a new single-month cargo record for the fourth consecutive month. The Port moved 912,154 Twenty-Foot Equivalent Units (TEUs) in July and became the busiest July in the Port’s 112-year history. News related to Port of…
Seacor Marine Announces Second Quarter Results And To Implement Aggressive Cost Cutting Today results for the second quarter that ended June 30, 2019, has been announced by SEACOR Marine Holdings (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide. Second-quarter…
AMSA Announces Salvage Operations To Clean-Up Containers Lost Overboard From YM Efficiency AMSA has announced a tender for salvage operations as its next step in the ongoing battle to clean-up containers lost overboard from the YM Efficiency. Today the tender opened calling for salvage and offshore construction operators to remove containers and safely dispose of…
APM Terminals Yucatan To Expand And Modernise Progreso Terminal For Trade Growth It has been announced by APM Terminals Yucatán, operator of the Port of Progreso, Mexico, that significant investment to expand and modernize the Progreso container terminal, supporting trade growth and economic development in the Yucatan peninsula. Over the last two years, the terminal…
Saudi Aramco To Acquire 20% Stake Worth US$75 Billion On LOI With RIL Saudi Aramco and Reliance Industries Limited (RIL) have agreed upon a non-binding Letter of Intent (“LOI”) which is regarding a proposed investment in the Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals, and fuels marketing businesses of RIL. Based upon an…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More
