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Hapag-Lloyd with EUR 300.8 million EBIT after nine months

Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million) and a significantly improved group net result of EUR 113.4 million (Q3 2017: EUR 51.8 million). In the first nine months of 2018, earnings before interest, taxes, depreciation and amortisation (EBITDA) […]

Carnival Corporation Launches Cruise Joint Venture in China

Carnival Corporation, the world’s largest leisure travel company, today announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019. Carnival […]

U.S. EP-3 Intercepted in the Black Sea

On Nov. 5, 2018, a U.S. EP-3 Aries aircraft flying in international airspace over the Black Sea was intercepted by a Russian SU-27. This interaction was determined to be unsafe due to the SU-27 conducting a high speed pass directly in front of the mission aircraft, putting at risk the pilots and crew. The intercepting […]

PETRONAS Completes Its First LNG Supply To The World’s Largest LNG Bunker Vessel

PETRONAS through its subsidiary, PETRONAS LNG Ltd. (PLL), achieved a milestone with the successful completion of its first Liquified Natural Gas (LNG) supply operation at the Regasification Terminal Pengerang (RGTP) recently. This follows the agreement between PLL and Uranos Vermögensverwaltungs GmbH & Co. KG, a joint venture company of Bernhard Schulte and Babcock International. The […]

Container explodes in industrial accident

Authorities are investigating a shipping container explosion in the Port of Los Angeles as an industrial accident. The container was loaded with scrap metal for export when it blew up late Tuesday afternoon at the Evergreen Shipping terminal. There were no injuries but more than 100 people including truckers were evacuated during the investigation. Port […]

WaterFront continues global expansion with senior appointment

01 November 2018 – Global ship agency business WaterFront Maritime Services (WaterFront) has today announced the appointment of industry veteran Tormod Ognedal as its new Business Development Manager for Europe, to support the company’s continued growth and expansion. After 17 years with Inchcape Shipping Services (ISS) as Senior General Manager and having gained over 30 […]

CMA CGM completes the acquisition of Containerships

The CMA CGM Group, a leading worldwide shipping Group, is pleased to announce that it has completed today the acquisition of Containerships, a container-transportation and logistics company. The European Commission authorized this transaction on October 22nd. Containerships, which specializes in the intra-European market, will complement CMA CGM’s service offering. Containerships, a European door-to-door specialist Founded […]