Oslo: Gas transportation company IM Skaugen (IMS) today announced a drop in gross revenues and profit in the first quarter of 2013.

Dubai: DP World chairman Sultan Ahmed Bin Sulayem told stakeholders the Dubai maritime giant handled 12.8m teu globally in the first three months of 2013.  

Dubai: A senior marine insurance expert from Skuld has called for extra care when receiving shore side bunkers in the UAE.

Dubai: Abu Dhabi based Gulf Marine Services (GMS) has won three new contracts for its E-class jack-up barge GMS Endeavour.

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.

Singapore: Arab Shipbuilding & Repair Yard Co (ASRY) (Stand A12) is using Sea Asia to reveal the key to its growth in a challenging market.

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.

CMA CGM has announced a new weekly service, REX (Red Sea Express) 3, from Asia to the Red Sea, to be launched on May 2.