Coast Guard News
April 24, 2020
The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges.
The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period in 2019. The growth also represents a quarter-to-quarter increase of 68.3 percent from SAR 249.08 million. ... [Read More]
April 24, 2020
The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges.
The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period in 2019. The growth also represents a quarter-to-quarter increase of 68.3 percent from SAR 249.08 million. ... [Read More]
April 24, 2020
The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges.
The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period in 2019. The growth also represents a quarter-to-quarter increase of 68.3 percent from SAR 249.08 million. ... [Read More]
April 24, 2020
The Panama-flagged bulk carrier Top Grace, which was detained in South Africa last month after it was found that its crew threw overboard two stowaways has been released, according to the South African Maritime Safety Authority (SAMSA).... [Read More]
April 24, 2020
The Panama-flagged bulk carrier Top Grace, which was detained in South Africa last month after it was found that its crew threw overboard two stowaways has been released, according to the South African Maritime Safety Authority (SAMSA).... [Read More]
April 24, 2020
The Panama-flagged bulk carrier Top Grace, which was detained in South Africa last month after it was found that its crew threw overboard two stowaways has been released, according to the South African Maritime Safety Authority (SAMSA).... [Read More]
April 24, 2020
Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.
Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million) in the first three months of 2020 from QAR 278 million seen in the corresponding period a year earlier.
On the other hand, operating profit dropped to QAR 200 million in Q1 2020 from QAR 216 million posted in Q1 2019. ... [Read More]
April 24, 2020
Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.
Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million) in the first three months of 2020 from QAR 278 million seen in the corresponding period a year earlier.
On the other hand, operating profit dropped to QAR 200 million in Q1 2020 from QAR 216 million posted in Q1 2019. ... [Read More]
April 24, 2020
Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.
Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million) in the first three months of 2020 from QAR 278 million seen in the corresponding period a year earlier.
On the other hand, operating profit dropped to QAR 200 million in Q1 2020 from QAR 216 million posted in Q1 2019. ... [Read More]
April 24, 2020
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier.... [Read More]
April 24, 2020
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier.... [Read More]
April 24, 2020
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier.... [Read More]
April 24, 2020
Source: USCG
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil.... [Read More]
April 24, 2020
Source: USCG
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil.... [Read More]
April 24, 2020
Source: USCG
There are 27 oil tanker vessels with more than 20 million barrels of crude anchored off the coast of Southern California, waiting to offload their cargoes as coronavirus pandemic shatters demand for oil.... [Read More]
April 23, 2020
Dubai-based port and terminal operator DP World had a robust performance in the first quarter of the year with the like-for-like throughput broadly flat year-on-year.
The port operator handled 17.2 million TEU across its global portfolio of container terminals in the first quarter of 2020, with gross container volumes decreasing by 1.7% year-on-year on a reported basis and up 0.3% on a like-for-like basis.... [Read More]
April 23, 2020
Different zero-carbon fuel options are more competitive in different decades and there is not one option which is the most competitive from today through to 2050, a new paper finds. ... [Read More]
April 23, 2020
Danish bulker operator Clipper Bulk A/S has launched cost-cutting efforts to combat historically low freight markets caused by the Covid-19 pandemic, which will include job cuts.
The company said it would axe 24 out of 91 jobs ashore by the end of April, with the majority impacting the head office in Copenhagen. ... [Read More]
April 23, 2020
Illustration: Source: Pixabay
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic.... [Read More]
April 23, 2020
Finnish technology group Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions. ... [Read More]