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Dubai: Global port operator DP World today announced an 8% rise in annual profits to $749m for 2012 as consolidated throughput fell from 27.5m teu in 2011 to 27.1m teu…
Hamburg: Container line Hapag-Lloyd's net loss widened in 2012 as bunker costs bite amid low cargo volumes and weak freight rates.
London : Shipowner and charterer Noble Group, Asia’s largest commodities company, was already expressing alarm when head of chartering R. Raghunath met with Seatrade Global recently.
Paris: CMA CGM has reported a marked return to profit in 2012 raking in $361m compared to deficit of $5m in 2011.
The products market got a boost last week when Gulf rates to Japan lifted significantly as LR2 earnings on the route rose 32% to $18,116 a day and LR1 earnings…
Oslo: John Fredriksen’s Frontline 2012 scraped its way to a $0.7m profit in the fourth quarter, bringing its full year profit to $8.1m, as it nearly doubles its newbuilding programme.
Singapore: Rickmers Maritime (RM) is launching a S$101.7m ($81.5m) rights issue to repay loans to meet its extended loan-to-value covenants waiver.
Helsinki: Wärtsilä has announced the GasReformer, a new device which enables waste gas from oil production to be refined into ship fuel.
Tokyo: Kawasaki Kisen Kaisha (K line) today announced an order of five ultra large container vessels at Imabari Shipbuilding Co Ltd.
Naypyidaw: AP Moller-Maersk Group units Maersk Line and MCC Transport have announced that they plan to open a branch office in Myanmar following the suspension of EU and US trade…
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