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Another bumper cruise season ahead at Wellington Port, NZ

Another bumper cruise season ahead at Wellington Port, NZ

CentrePort Wellington (NZ) has welcomed the first ship of the 2017/18 cruise season, Radiance of the Seas, which brings with it another busy season. Chief Executive Derek Nind says Wellington stands to benefit from …
Oct 3, 2017 /  Cruise
DryShips Announces Acquisition of Suezmax Tanker and Reports Financial and Operating Results for Q1-2017

DryShips Announces Acquisition of Suezmax Tanker and Reports Financial and Operating Results for Q1-2017

DryShips Inc. (NASDAQ:DRYS) (DryShips), a diversified owner of ocean-going cargo vessels, yesterday announced its unaudited financial and operating results for the quarter ended March 31, 2017.  Updated Key …
May 11, 2017 /  Finance
Hamburg Süd takes first place in the SeaIntel Global Liner Performance Report for February 2017

Hamburg Süd takes first place in the SeaIntel Global Liner Performance Report for February 2017

Hamburg Süd takes first place in the SeaIntel Global Liner Performance Report for the month of February 2017 in the category Schedule Reliability for the third time in succession. The company had already …
Apr 6, 2017 /  Curious
Wellington’s CentrePort (NZ) Resumes Regular Container Service

Wellington’s CentrePort (NZ) Resumes Regular Container Service

Regular container shipping is returning to Wellington, with weekly visits by a geared ship linking central region businesses with international markets. From Sunday 12th February an ANL ship will visit the Port weekly …
Jan 30, 2017 /  Curious
Threat to seafarers remains despite piracy clampdown, IMB reports

Threat to seafarers remains despite piracy clampdown, IMB reports

Kidnapping and hostage-taking persists off the coasts of West Africa and South East Asia, despite a 20-year low in piracy on the world’s seas, according to new figures from the International Chamber of Commerce …
Nov 2, 2016 /  Piracy
COSTAMARE Inc. Reports Results For The 3Q and Nine Months Ended September 30, 2016

COSTAMARE Inc. Reports Results For The 3Q and Nine Months Ended September 30, 2016

Costamare Inc. (Costamare) (NYSE: CMRE) yesterday reported unaudited financial results for the third quarter and nine-months ended September 30, 2016. Voyage revenues adjusted on a cash basis of $115.5 million and …
Oct 25, 2016 /  Finance
South Carolina Ports Authority Reports First Quarter Fiscal Year Growth

South Carolina Ports Authority Reports First Quarter Fiscal Year Growth

Yesterday South Carolina Ports Authority (SCPA) reported year-over-year growth during the first quarter of its 2017 fiscal year. SCPA handled 162,858 twenty-foot equivalent units (TEUs) in September. First quarter TEU …
Oct 20, 2016 /  Curious
BIMCO Launches New Analysis On The Wider Impact of The Dry Bulk Crisis

BIMCO Launches New Analysis On The Wider Impact of The Dry Bulk Crisis

Consolidation, greater focus on risk management and higher finance costs: BIMCO’s new analysis on the wider impact of the dry bulk crisis BIMCO yesterday published the next in its series of reports looking …
Oct 7, 2016 /  Curious
Maersk Interim Report Q2 2016

Maersk Interim Report Q2 2016

Maersk Group delivered a profit of USD 118m (USD 1.1bn) and an underlying profit of USD 134m (USD 1.1bn). In response to challenging supply-demand imbalances, the Group continues to execute on factors that are …
Aug 12, 2016 /  Finance
ZIM Most Reliable Carrier in 2nd Quarter

ZIM Most Reliable Carrier in 2nd Quarter

Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. was the most reliable carrier during the second quarter of 2016, followed by Japanese counterpart Mitsui O.S.K. Lines (MOL) and …
Aug 5, 2016 /  Curious