Riyadh: First quarter net profit at Bahri (formerly National Shipping Company of Saudi Arabia) fell 9.7% year on year from SAR160.1m in 2012 to SAR144.5m 2013.
Dubai: The Shipping Corporation of India (SCI) will take over six of the seven vessels belonging to recently dissolved Iranian joint venture Irano Hind Shipping.
Dubai: Rolls-Royce and Drydocks World Dubai have signed a Memorandum of Understanding to cooperate on the construction of a series of LNG-powered tugs for the Middle-Eastern market.
Dubai: Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) will split their 18 vessel 40,000 - 45,000 dwt chemical tanker pool on 1 June 2013.
The booming East African products import market is little remarked on but is playing a role in sustaining demand for MR and LR product carriers. Rising population and increased mining activity are behind the surge according to London broker E.A...