Shipping

  • Strategic Marine and Abu Dhabi Ship Building sign...

    Strategic Marine, the specialist shipbuilding, fabrication and engineering company, has teamed up with Abu Dhabi Ship Building PJSC (ADSB), a renowned provider of construction, repair and refit services for naval, military and commercial vessels, to develop the Middle East’s growing market of aluminium vessels.

  • NEW 3PL LOGISTICS CENTRE FOR KHALIFA

    Abu Dhabi Ports and Khalidia International Shipping are working together to set up a third-party logistics (3PL) warehouse with a total investment of AED 80 million in Khalifa Industrial Zone’s (KIZAD) trade and logistics cluster.

  • Global logistics market to reach $15 trillion by...

    The global logistics market is expected to reach $15.5 trillion in revenue by 2024, while investments in industrial and retail projects lead to a spur in the domestic logistics industry, according to a recent report by Al Masah Capital, a leader in investments and market analysis.

  • GasLog Partners Sees Slight Rise in Profit

    Owner and operator of LNG carriers GasLog Partners LP has reported a slight increase in its fourth quarter profit to USD 25.4 million from USD 23.1 million seen in the same quarter in 2015, representing a rise of 10 percent.

  • Busy Year for Damietta Port

    Egypt’s Damietta Port revealed that its ship and cargo traffic saw a significant increase in 2016, compared to the previous year.

  • PIL Inks MOU with Guangzhou Nansha Development...

    Singapore-incorporated shipping company Pacific International Lines (PIL) has signed a memorandum of understanding (MOU) with China Guangzhou Nansha Development Zone to explore business opportunities and the development of a shipping/logistics base in the Nansha New Area.  

  • Poten & Partners: Large Tanker Orderbook Not...

    Based on the delivery schedule of the current orderbook, deliveries of new tankers in 2017 will reach the highest level since 2009, however, Poten & Partners argues that the orderbook may not be as scary as it looks.

  • Abu Dhabi Ship Building launches new dry dock

    Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, has announced the official inauguration of its floating dry dock located  in Zayed Port.

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Shipping Hitting Road to Recovery

Global shipping has had another fillip with the Baltic Dry Index (BDI) hitting 1112 after severe lows in recent months, signalling a burgeoning return to health for the sector.

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Bremer Landesbank loses $1.5 bln on shipping loans

Bremer Landesbank has estimated its pretax loss for last year at 1.4 billion euros ($1.5 billion) due to soured shipping loans, further deepening the troubles which low charter rates cause for parts of the German banking industry.

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