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Maersk plans to double freight chargesA P Moller-Maersk, owner of the world's biggest container shipping company, is "100 per cent certain" it can more than double freight rates in July despite market weakness that has seen prices fall by a third since March. More… |
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Thome Group names senior finance managerSingapore-based Thome Group, a provider of ship management services to international shipping and offshore industries, has appointed Allinger Lim Eng Oon as senior manager, Operations Finance. Lim is based in Singapore and is resp More… |
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Bahri eyes sukuk to fund Vela buyNational Shipping Company of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition of Saudi Aramco's marine unit last year, three sources said. More… |
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GAC Bahrain wins key certificationLeading shipping and logistics company GAC said its Bahrain unit has become the latest company to get certification by Trace International for its commitment to ethical business practices. Trace International is a non-profit membe More… |
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Aramex Q4 net profit rises 15pcDubai courier Aramex reported a 15 percent rise in fourth-quarter net profit on Monday. Aramex made profit of 65.7 million dirhams ($17.9 million) for the t More… |
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Sarilo Cargo opens new Dubai officeTurkish shipping firm Sarilo Cargo has announced the opening of its new operations office at Port Rashid, which is administered and operated by DP World in Dubai. More… |
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Suez Canal to raise fees from MayEgypt's Suez Canal Authority said on Thursday it was raising fees on shipping through the waterway by between 2 and 5 percent starting on May 1, boosting revenues for the cash-strapped governm More… |
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Transworld unveils new expansion plansTransworld, a leading multi-faceted shipping and logistics conglomerate in UAE, has announced the expansion of its operations into new verticals, with the incorporation of Transworld Bulk Carriers FZCO and Transworld Projects. The More… |
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Sea piracy falls to 5-year low as Somali gangs retreatInternational naval patrols off Somalia and armed private guards on board ships have driven pirate attacks to a five-year low in 2012, but the risk to shipping off west Africa is growing. Somali More… |
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Suez Canal revenue rises to $424m in DecRevenue from Egypt's Suez Canal - widely viewed as a barometer of world trade - rose 4 percent to $424.6 million in December compared to the previous month, the state information portal said on Thursday. More… |
