Singapore's Neptune Orient Lines (NOL) has slashed its first-quarter 2015 loss to USD11 million, compared with USD98 million in the first quarter of 2014. Pre-tax earnings totalled USD133 million in ...
NOL slashes 1Q15 loss to $11m
Uni-Asia earns higher charter income but profit drops
Japanese investment company Uni-Asia earned higher charter revenue for the first quarter of 2015 but it was not enough to increase overall profits for the period. The company has fixed out nine ...
Pyeongtaek-Dangjin widens access channel
South Korea's Pyeongtaek-Dangjin port has completed dredging works to widen its access channel from 1,000 m to 1,200 m. The dredging works were designed to improve conditions of sea routes as vessels ...
Australia Selling Port as Chinese Demand Wanes
By Reuters 2015-05-14 20:05:25 The state of Western Australia plans to sell the country's fourth largest port, its premier said on Thursday, in a bid by the resource-rich state to raise funds as ...
Shell’s Arctic Rig Arrives in Seattle
By Reuters 2015-05-14 20:00:13 The first of two Royal Dutch Shell drilling rigs slated for Arctic oil exploration arrived in Seattle on Thursday as environmental activists geared up for days of ...
First Battery Retrofit for OSV
By Wendy Laursen 2015-05-14 19:27:08 Norwegian offshore support vessel operator Eidesvik is installing a batter system on board its supply vessel Viking Queen. This will be the first offshore vessel ...
Pre-Combustion Scrubber Attracts Industry Veteran
By Wendy Laursen 2015-05-14 18:48:27 After working at Royal Caribbean Line (RCL) for 24 years, Anders Aasen made a decision to join Triton Emission Solutions as its CEO. This well-respected industry ...
3,600 Migrants Rescued in Past Two Days
By MarEx 2015-05-14 17:18:43 Almost 3,600 migrants have been rescued from overcrowded boats sailing from Africa to Europe over the past 48 hours, Italy said on Thursday, with sea conditions seen as ...
Norwegian Shipowner Indicted for Environmental Crimes
By MarEx 2015-05-14 16:10:18 A U.S. federal grand jury on Wednesday indicted a Norwegian-based shipping company and four employees on charges of obstruction of justice and environmental crimes. ...
A Deeper Mississippi River on The Horizon
By Kathryn Stone 2015-05-14 14:36:59 The U.S. government is taking steps to allow for larger post-Panamex sized vessels along the lower Mississippi River as the date for the opening of the expanded ...
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