Finance

Carnival Valor (Photo: Carnival)

Carnival Increasing Capacity from NOLA

Carnival Cruise Line will expand capacity on its short cruise offerings from the Port of New Orleans beginning in 2019. Carnival Valor will shift to New Orleans for year-round four- and five-day cruises from the Big Easy beginning in May 2019,

Photo: Port of Long Beach

POLB Receives EPA Grant to Cut Pollution

The Port of Long Beach has been awarded $2.4 million from the U.S. Environmental Protection Agency to help Stevedoring Services of America (SSA), Foss Maritime and Curtin Maritime replace equipment with zero-emission or cleanest-available equipment.

Photo: Port of Hamburg / HHM / Michael Lindner

Port of Hamburg handles 104 MT Cargo in 9 Months

 Comprising the general and bulk cargo segments, seaborne cargo handling in Hamburg during the first nine months at 104.3 million tons was at a stable level.    At 6.8 million TEU (20-ft standard containers),

(Photo: Port of Long Beach)

Long Beach Secures $2.4 Mln for Cleaner Cranes, Tugs

The U.S. Environmental Protection Agency (EPA) has awarded $2.4 million to the Port of Long Beach to help replace several existing cranes and tugboats with new zero-emission or cleanest-available equipment.

Rolf Habben Jansen, CEO. Photo: Hapag-Lloyd AG

Hapag-Lloyd Reports Better Results for Q3 2017

 Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost

Photo: Vard Holdings Ltd

Fincantieri to Delist Vard

 Italian shipbuilder Fincantieri has proposed to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST).   Fincantieri, which holds a 79.

(Photo: WICET)

Aurizon in Talks to Buy Debt-saddled Coal Port

Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt.   A purchase

Yang Ming Posts Year-on-year Profit Increase

Yang Ming announced an increase in third quarter profits of 23.4 percent from the same quarter last year. At its board meeting on November 9, the company approved the financial report that showed revenues for the third quarter of 2017 rising to $1.

Graph/Graphics: PIB

Indian Ports Register Positive Growth of 3.27% in H1

 The major ports in India have recorded a growth of 3.27% during the period April to September, 2017 and together handled 383 Million Tonnes of cargo as against 371 Million Tonnes handled during the corresponding period of previous year.

Ben Moore (Photo: Attollo Offshore)

Attollo Offshore Joins ELITE

Attollo Offshore, an offshore marine operator, has announced it has joined London Stock Exchange Group’s (LSEG) international business support and capital raising ecosystem, for high growth companies, ELITE.

Pictured at MAN Diesel & Turbo's Headquarter in Augsburg (from left): Stefan Eefting - Senior Vice President and Head of MAN PrimeServ Augsburg; Peter Keller - Executive Vice President of TOTE; Per Rud - Senior Vice President and Head of After Sales - Marine & Power Plants.

TOTE Invests (again) in LNG Conversions

TOTE Inc., courtesy of being the first in the world to order containerships powered by LNG, have been leaders in the push to design and build tonnage ahead of the emissions regulation curve. The company