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  • Ditas Shipping orders two suezmax tankers from HHI

    Feb 11, 2016 | 08:47 am

    Turkey’s Ditas Shipping has ordered two 158,000-dwt suezmax crude tankers from Hyundai Heavy Industries (HHI) in South Korea, reports say. The deal is valued at between 0m to 0m for the two ships, which are due for delivery in 2018, according to South Korea’s Yonhap news agency. The deal is HHI’s first reported order this […]

  • NATO Launches Sea Mission Against People-Smugglers

    Feb 11, 2016 | 08:32 am

    NATO, EU mission to help target traffickers in Aegean Sea.NATO ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe,

  • Greeks at Frontline of Migrant Crisis Angry at EU Critics

    Feb 11, 2016 | 08:05 am

    ABOARD THE AGIOS EFSTRATIOS, Aegean Sea, Feb 11: Greek Captain Argyris Frangoulis lifts his binoculars and with eyes fixed on the Aegean Sea horizon, steers his

  • Saga Tankers upsizes plan to increase share capital

    Feb 11, 2016 | 07:27 am

    Oslo-listed Saga Tankers has authorised a plan to raise its share capital by issuing new shares worth up to NOK 143,366,305 (.76m) by the end of June 2017. The plan was ok-ed at an extraordinary general meeting (EGM) held in Oslo today and supercedes a former authorisation, under which the company could raise its share […]

  • KS Drilling rig hit with m in unpaid import tax and fines

    Feb 11, 2016 | 06:58 am

    Indonesia’s customs and excise authority says KS Drilling owes IDR 197bn (.75m) in unpaid import tax and fines related to its jack-up drilling rig KS Java Star, which arrived for work in Indonesian waters in late 2012. The Ministry of Finance’s Directorate General Customs and Excise (DGC) said the drilling rig (pictured) was not in accordance […]

  • Volvo Penta Debuts Innovative Glass Cockpit

    Feb 11, 2016 | 06:52 am

    The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application,

  • Long Beach sees Robust Container Growth

    Feb 11, 2016 | 06:49 am

    The Port of Long Beach kicked off the New Year by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

  • Maersk Drilling Posts Record Profit

    Feb 11, 2016 | 06:47 am

    Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

  • Total Proposes 0.61 ‎€ per Share Dividend

    Feb 11, 2016 | 06:45 am

    The Board of Directors of Total met on February 10, 2016, and agreed to propose to the Annual Shareholders’ Meeting on May 24, 2016, a 2015 annual dividend of 2.

  • APM Terminals Broaden Portfolio, Business Model

    Feb 11, 2016 | 06:42 am

    APM Terminals’ increased invested capital to USD .2 billion in 2015 as ongoing strategic plans to drive portfolio growth, improve productivity and safety performance, generated USD .


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