Finance

Nakilat's flagship, QMax Mozah. Photo: Qatar Gas Transport Company

Nakilat Ends H12017 with $112 Mln Net Profit

 Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million

Photo: Sembcorp Industries

Keppel, Sembcorp Merger on the Cards ?

 A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards, report local media quoting the Development Bank of Singapore (DBS).

Photo:  Höegh LNG

Höegh LNG Secures Financing for FSRU Unit

 Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU).   The Facility comprises

French and Filipino Firms Bid to Operate Bissau Port

French firm Necotrans and the Philippines' International Container Terminal Services submitted bids on Monday to operate Guinea Bissau's main port, the transport minister said, as the government looks to cede control to a private operator.

Indian Prime Minister, Narendra Modi. Photo: PIB

India Government Sops for Ship-Repairing Facilities

 In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1st April, 2016 and 31st March, 2026.

Photo: Port of Antwerp

Antwerp Port Container Freight Up by 2.5%

 The port of Antwerp handled 111,385,518 tonnes of freight during the first six months of this year, 2.8% more than in the same period last year.    Container freight once more performed well after a number of exceptional years,

© bergamont / Adobe Stock

Baltic Index Gains for Seventh Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for seventh session in a row on Wednesday supported by stronger demand for larger vessels.   The overall index,

© Mikhail Perfilov / Adobe Stock

Russian Think Tank: Oil Exports to Decline in 2017

 A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise.

File Photo: Samsung Heavy Industries

Samsung Heavy to Cut Its Workforce

 South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce,  and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency.

File Photo: Nippon Yusen Kaisha (NYK Line)

Japan's Top 3 Shippers Sail to Profit in Q1

 The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers -  Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.   The report

File photo: Hyundai Heavy Industries

S. Korea's Top Three Shipyards Look Bullish

 With a slew of contracts to be signed soon  South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, Yonhap reported quoting  industry sources.  Hyundai