South Korea’s Hanjin Shipping has stayed in the red with a first half loss of KRW473.1bn…
Author: Ships & Ports
Samsung Heavy reduces loss
One of South Korea’s biggest shipbuilders Samsung Heavy Industries reported a net loss of KRW 212.3…
Cosco Shipping Ports volumes up 3.5% to 8m teu in July, HK port down 11%
Container throughput at China-focussed port operator Cosco Shipping Ports rose 3.5% in July to 8m teu…
Abu Dhabi ports, ADSB team up on Zayed Port project
Port developer and operator Abu Dhabi Ports and its compatriot shipbuilding company Abu Dhabi Ship Building…
Recession: Customs records huge revenue shortfall
The Nigeria Customs Service (NCS) said it was able to generate only N385.7billion as revenue in…
Turkish sailors bag 42 years jail term for drug smuggling
Two Turkish sailors have been jailed for a total of 42 years in relation to the largest…
Maersk warns against U.S. protectionism, says trade barrier weakens growth
Danish conglomerate, A. P. Moeller-Maersk A/S, which owns the world’s largest container shipping company – Maersk…
IPMAN, NIMEX Petroleum to import 100,000mt of petrol
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has entered into a strategic partnership with NIMEX…
Pressure mounts on carriers to cut costs
As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy…
Maersk Drilling looks to avoid laying up rigs
Maersk Drilling expects the weak market to continue in the short and medium term but still…
Salvage team boards stricken drilling rig in Scotland
A salvage team has made it on board the grounded Transocean Winner in Scotland as part…
Slowdown in shipping industry impacts Clarksons’ earnings
London-based provider of integrated shipping services Clarkson PLC (Clarksons) has seen a robust performance during the first…