Milaha net profit rises 40% to QR 1.0 billion for full year 2022
Key financial highlights: DOHA : Milaha Maritime & Logistics’ net profit increased by QR 85 million compared to the same period in 2021, mainly due to strong container shipping
COSCO establishes China Electric Ship Innovation Alliance
BEIJING : China COSCO Shipping Corporation Limited and COSCO Shipping Development developed the China Electric Ship Innovation Alliance which was established on 8 February. At the founding ceremony,
Ocean Network Express and Seaspan Corporation conclude Second Joint Crisis Management Drill
SINGAPORE : Ocean Network Express (‘ONE’) and Seaspan Corporation (‘Seaspan’) concluded their second joint crisis management drill on 14 February 2023. Building on lessons learned from the inaugural
NYK and Siemens Gamesa Conclude Charter Agreement for Crew Transfer Vessel for Offshore Wind Power G
TOKYO : On February 15, NYK has concluded a time charter contract with Siemens Gamesa, the world-leading provider of wind power solutions, for a crew transport vessel (CTV)*
DB Schenker and MSC seal important Biofuel Deal to help reduce Supply Chain Emissions
ESSEN(GERMANY) : First-of-its-kind agreement between a freight forwarder and a shipping line. At least 30,000 standard containers (TEU) will be transported on the world’s oceans with net-zero emissions
MSC launches its cashew campaign at the World Cashew Conference in Dubai
GENEVA : The cashew season for 2023 has started and MSC will be attending the World Cashew Conference, a leading cashew event taking place in Dubai on 23-25 February 2023. As a leading provider of transportation and logistics services to African
Evergreen Line suspends all operations at Iskenderun Port due to severe earthquake damage
TAIWAN : Evergreen Line has suspended all services at the Port of Iskenderun due to the severe earthquake that devastated regions in Türkiye and Syria since Monday, 6 February 2023.
MISC sees good prospects for LNG and tanker shipping in 2023
KUALA LUMPUR : Malaysian shipowner MISC is upbeat on LNG and tanker shipping earnings in 2023 despite some softening. Kuala Lumpur-headquartered MISC reported a full year operating profit
HMM to jump on the methanol-fuelled containerships worth of $1.12bn
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn
BSC to receive $22.48m pay-out from insurers for vessel hit by rocket in Ukraine
DHAKA : State-run Bangladesh Shipping Corporation (BSC) will get a $22.48m pay-out from insurers over its abandoned bulk carrier, Banglar Samriddhi, which has been stuck in Ukrainian waters for