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  • Rand Logistics results weighed by customer bankruptcy

    Feb 10, 2016 | 04:04 am

    Company cuts procurement expenses and streamlining operations to improve cost efficiencies

  • Mercator offloads dry bulk subsidiary for nominal S

    Feb 10, 2016 | 03:47 am

    .16. That’s the nominal US dollar sum India’s Mercator has sold its dry bulk subsidiary for today in Singapore at a time where the Baltic Dry Index stands at an all time low of 291 points. The 9m shares in the Mittal family controlled Singapore subsidiary were sold today with three entities paying S each […]

  • Maersk Oil burns big hole in Danish giant’s financials

    Feb 10, 2016 | 03:22 am

    The eagerly anticipated Maersk Group results out this morning suggest shipping and especially offshore is in for a very harsh 2016. The Danish giant warned the outlook for this year is likely to be “significantly below” the 2015 results. Maersk Oil, Maersk Drilling and Maersk Supply Service are expected to be the worst performers across […]

  • Maersk Group presents bleak full-year results

    Feb 10, 2016 | 02:54 am

    Danish conglomerate's results shows huge impact of low oil prices and freight rates

  • Amazon applies for broker status with the Shanghai Shipping Exchange

    Feb 10, 2016 | 02:52 am

    Further signs are emerging that American online retail giant Amazon is gearing up to become a fully fledged transport operator including in the realms of ocean shipping. Last month, Splash reported that Amazon’s China affiliate has registered with the US Federal Maritime Commission to become a licenced ocean freight forwarder. Amazon has registered its Chinese […]

  • Investigators struggle to explain Modern Express listing

    Feb 10, 2016 | 02:13 am

    Investigators are at a loss to explain how the ran into such difficulties. The crew from the Cido controlled car carrier were evacuated on February 2 as the ship listed 40 degrees in stormy conditions, with initial reports suggesting the listing was down to the cargo having shifted. The vessel then drifted perilously close to […]

  • Vietnam Gets Fifth Submarine from Russia

    Feb 10, 2016 | 01:59 am

    The fifth of the six Kilo-class submarines that Vietnam purchased from Russia has arrived at Cam Ranh Bay, Thanh Nien news reported. The submarine, which was

  • U.S. Okays ConocoPhillips LNG Exports

    Feb 10, 2016 | 01:58 am

    The U.S. Department of Energy has renewed authorization for liquefied natural gas (LNG) exports from the North Kenai ConocoPhillips facility, reports Reuters. The

  • Bangladesh, Thailand Plans Direct Coastal Shipping

    Feb 10, 2016 | 01:57 am

    Bangladesh and Thailand are planning to launch direct coastal shipping, connecting the Chittagong Port in the Bay of Bengal with the Ranong Port in the East of

  • Clipper Yacht Race: Making The Turn

    Feb 10, 2016 | 01:56 am

    Strong winds in the Da Nang New Discovery of Asia Race have led to some thrilling racing conditions for the Clipper Race fleet, with teams recording speeds of

 

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