Tag archives: report

MARTHA fatigue report is launched at the IMO

InterManager, the trade association for in-house and third party ship managers, together with The Warsash Maritime Academy, has presented the findings of its fatigue study, Project MARTHA, to The International ...

Maersk Line reports a 2016 loss of USD 376 million

Maersk Line reported a 2016 result that is USD 1,679 million lower than the 2015 result (USD 1,303 million). The overriding reason for the loss is a 19 ...

ICTSI 9M2016 net income up 4% to US$141.9M

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an ...

Maersk Line reports a third quarter loss of USD 116 million

Maersk Line reported a third quarter (Q3) 2016 result that is USD 380 million lower than Q3 2015. The overriding reason for the loss is decline in freight rates compared ...

Sea piracy drops to 21-year low, IMB reports

Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International ...

ClassNK releases Annual Report on Port State Control

Leading classification society ClassNK has released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information ...

Stolt-Nielsen reports results for the second quarter of 2016

Stolt-Nielsen Limited reported unaudited results for the second quarter ended May 31, 2016. Net profit attributable to shareholders in the second quarter was $37.8 million, with revenue of $478 ...

Offshore wind development in India

The Global Wind Energy Council (GWEC) launched a new report today: “Supply Chain, Port Infrastructure and Logistics Study” for offshore wind development in the states of Gujarat and Tamil Nadu ...

Slowing shipping fleet growth to ease officer shortage

Slowing growth in the size of the shipping fleet will reduce the shortage of officers over the coming years, according to the latestManning report published by global shipping consultancy ...

CLIA releases official 2015 global passenger numbers and increases 2016 projections

Cruise Lines International Association (CLIA) announced the cruise industry has surpassed 2015 ocean cruise passenger projections and has increased passenger expectations for 2016 – a sign the industry is stronger than ...

Panama Canal receives report of functional completion of third set of locks

On Wednesday, June 1, the Panama Canal Authority (ACP) was informed by its contractor Grupo Unidos por el Canal, S.A. (GUPC) that the Third Set of Locks have officially ...

Frontline reports results for the first quarter 2016

Frontline Ltd. has reported unaudited results for the three months ended March 31, 2016. Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS commented:

"We are very pleased to ...

Norbulk warns shortage of officers could lead to more competition between ship managers

Leading ship management company Norbulk Shipping has warned that the shortage of officers highlighted in the BIMCO/ICS Manpower report, could lead to an accelerated level of competition between ship ...

Act now to retain our seafarers, says InterManager

InterManager has welcomed the joint BIMCO/ICS Manpower Report, but says it should act as a wake-up call for the industry to address the issue of the accelerating shortage of ...

BIMCO/ICS Manpower Report predicts potential shortage of almost 150,000 officers by 2025

Launched yesterday evening at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers.  The report identifies:

  • A current ...

ULSTEIN Group result 2015

In 2015, Ulstein Group recorded revenues of NOK 2.3 billion and an operating loss of NOK -95 million. The business areas Design & Solutions and Power & Control both recorded profits ...

Drewry: Scanty Ordering Bodes Well for Tanker Shipping

Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition ...

Maersk Line delivers breakeven result despite record low freight rates

Maersk Line’s first quarter (Q1) 2016 result was USD 37 million, 94.9% lower than Q1 2015 (USD 714m) due to weak demand and record low freight rates. The ...

ITIC reports on costly transhipment errors by ship agents

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

In one case, an agent in ...

Drewry: LNG shipping rates to remain under pressure

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition of ...

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