Company & People News/Dredge Mining
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Seaspan Boasts Stellar Operating Earnings

Hong Kong

Hong Kong-based Seaspan Corporation posted a record USD 687 million operating earnings for the full year of 2019, which included USD 227 million of income related to the modification of time...

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Performance Shipping Step Closer to Pure Play Aframax Company

Greece

Greek shipowner Performance Shipping has signed a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.The ship, FSL Shanghai, has been bought from Singapore-based First Ship Lease...

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Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019

Germany

German container shipping heavyweight Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes (EBIT) for the 2019 financial year amid improved freight rates and cost...

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GOGL Refinances USD 284 Mn Loan, Delays Scrubber Installations amid Coronavirus

Bermuda

Dry bulk shipping company Golden Ocean Group Limited (GOGL) completed the refinancing of its USD 284 million loan facility that was scheduled to mature in December 2019 and financed 15 vessels. The...

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A.P. Moller - Maersk to Acquire the Warehousing and Distribution Company Performance Team

Denmark

A.P. Moller - Maersk is further strengthening its logistics and services offering by adding Performance Team’s premium capabilities within warehouse fulfillment services, e-commerce and inland...

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MSC, Maersk Partner Up with SM Line on Transpacific Route

Shipping giants Maersk and Mediterranean Shipping Company (MSC), which together form the 2M Alliance, have found a new South Korean partner on the Transpacific trade as their cooperation with...

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RSK Buys River Restoration Specialist

United Kingdom

Environmental, engineering and technical services provider RSK has acquired a 30-strong river restoration and erosion control specialist.Salix provides soil erosion control services, as well as...

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DP World Returns to Private Ownership

United Arab Emirates

Dubai-based port operator DP World is returning to private ownership and delisting its shares from Nasdaq Dubai.Namely, DP World’s parent company Port and Free Zone World has offered to acquire the...

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VOSTA Parent ASL Marine Reports Q2 and 1H 2020 Earnings

Singapore

QUARTERLY UPDATE PURSUANT TO RULE 1313(2) OF THE LISTING MANUALASL Marine Holdings Ltd. (the “Company”, and together with its subsidiaries, the “Group”) was placed on the Watch-list under the...

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PSA Marine Becomes Owner of Peruvian Tramarsa Flota

Singapore

Singapore-based marine services provider PSA Marine, part of PSA International, has completed the 100% acquisition of maritime services company Tramarsa Flota S.A. and its subsidiaries in Peru from...

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PIL Exits Transpacific Market to Boost Presence in North-South Trade

Singapore

Singapore’s shipping company Pacific International Lines (PIL) has decided to withdraw its services from the Transpacific market in an effort “to optimize the company’s network efficiency”.As a...

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Strong Fourth Quarter Wilhelmsen Results

Norway

“The maritime industry has experienced a longer period with head wind, and it is pleasing to see that our operating results are stronger year over year,” said Thomas Wilhelmsen about the global...

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Starting entrepreneurs pitch their way to a place on the PortXL programme

Netherlands

Rotterdam, the Netherlands, 13 February 2020 - The moment of truth arrived this week for the participants in the PortXL innovation programme. Forty starting entrepreneurs took their place on stage...

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Royal IHC successfully completes sea trials of the 2,501m3 trailing suction hopper dredge River Thames in Indonesia

Netherlands

And… Action! Last week we successfully completed all sea trials for 2,501m³ trailing suction hopper dredger RIVER THAMES nearby Batam, Indonesia. The compact design of the TSHD is characterised...

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Damen to deliver five coastal ferries to Zanzibar Government

Netherlands

Damen Shipyards has signed a contract with the Ministry of Infrastructure, Communications & Transport of the Revolutionary Government of Zanzibar for the supply of five inshore ferries to carry...