India’s 12 major ports booked a healthy 5.1% year-over-year (y/y) rise in tonnage throughput for the first six months of the 2016/17 financial year.
In response to a plan to cut Hanjin's shore-based workforce by more than 50%, employees of the stricken carrier have offered to buy out the company.
The Obama administration has just enacted historic changes to US rules governing shipping to Cuba, but risks and uncertainties may prevent vessel interests from taking advantage of the new opportunity.
South Korea's saved carrier HMM is on a mission to regain the trust of shippers, no easy task after the Hanjin debacle.
A makeover is under way in Gujarat as a handful of shipbreakers are cleaning up the inter-tidal zone to ensure it is free of ship materials and safer for their workers
Avance Gas Holding, the very large gas carrier (VLGC) owner that went public in Oslo in 2014, has said it has reached a conditional restructuring agreement with its financiers.
Keppel Corporation said on Thursday that net profit for the third quarter of 2016 fell 38% year-on-year to SGD225 million (USD161.9 million) amid a challenging environment for the oil and gas sector and the global economy.
Troubled Hanjin Shipping said on Thursday that it will lend KRW22.46 billion (USD 19.9 million) to Total Terminals International LLC, its affiliate that operates a container terminal in Long Beach port.
Ship operating costs fell for the fourth consecutive year in 2015, according to a report by Moore Stephens, the international accountant and shipping consultant.
Essar Group's sale of its Essar Oil and Vadinar liquid terminal units intended to help slash the Indian conglomerate's debt will not come in the way of expansion of the Group's port assets, an analyst has said.
China Petroleum & Chemical Corporation (Sinopec) expects the first phase of its new LNG terminal in eastern China to go online by 2018.
Privatised port regulation is not up to scratch and needs work, Australia's Competition and Consumer Commission head says.