Leading global ocean freight forwarder Kuehne + Nagel (K+N) today reported a substantial increase in earnings for the first nine months despite lacklustre cargo volumes and heightened exchange rate ...
K+N lifts profits despite market headwinds
APM Terminals invests EUR150 million in Savona-Vado
Terminal operating giant APM Terminals (APMT) has signed a EUR150 million (USD171 million) deal for the construction and delivery of four ship-to-shore (STS) gantry cranes and 14 automated ...
Gwangyang port to be energy hub by 2029
The South Korean government wants to remodel Gwangyang port into an energy hub by 2029. The Ministry of Oceans and Fisheries (MOF) held a public consultation in the port city on 13 October to explain ...
Potential for liftboats in South China Sea
Despite the depressed offshore and marine market with currently low oil prices, the market for liftboats remains healthy in Southeast Asia, according to one Singapore-based analyst. CIMB Securities ...
Hanjin Shipping looks at selling stake in Busan terminal
South Korean carrier Hanjin Shipping is looking at selling its stake in its Busan terminal operations as it continues to struggle with a weak container freight market. In June 2013, cash-strapped ...
Deltamarin and Brevik introduce multigas carrier design
Deltamarin, the Finnish subsidiary of the Singapore-based AVIC International group, and Brevik Technology , an affiliate of Fincantieri's Vard unit, have jointly developed a multigas carrier design, ...
Icon Offshore cancels newbuilding contract, seeks $3.25m refund
Malaysia-listed offshore services supplier Icon Offshore has cancelled its shipbuilding contract with Denmark-based Danish Yachts and is seeking a refund of around DKK21.35 million (USD3.25 ...
Australian senate inquiry advocates coast deregulation
A Senate inquiry into Australia's coastal shipping yesterday came out in support of opening the coast to international shipping. While the report was welcomed by Shipping Australia (SAL) representing ...
Samudera Indonesia wins $70m LNG contract
Shipping company Samudera Indonesia has clinched a USD70 million contract to supply liquefied natural gas (LNG) to a power plant in Pomalaa, Indonesia. It will deploy one of its 50 ships to supply the ...
Ulstein introduces shallow water construction vessel design
Ulstein, the Norwegian shipbuilding and ship design company, said it has introduced a construction vessel design suitable for work in shallow waters. The main design driver of Ulstein S182, which is ...
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