USD 43.8 Bn Fleet Awaiting Delivery in 2016
During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end… Read More
Alphaliner: Weak Earnings Lead to Hapag-Lloyd, UASC Merger
Last week’s merger agreement between German shipping major Hapag-Lloyd and United Arab Shipping Company (UASC) was made amid ‘significant financial challenges’ that both companies are facing… Read More
Oil Spills from VLOC Berge Bureya in Strait of Malacca
The Very Large Ore Carrier (VLOC) Berge Bureya took part in an oil spill incident off Malaysia in the Malacca Strait earlier yesterday morning, the vessel’s operator… Read More
Bahri’s Fleet Expansion Bears Fruit
National Shipping Company of Saudi Arabia (Bahri) has seen a surge of 47.2 percent in its net profit for the second quarter of 2016, as the company’s net profit stood at USD 134.4 million… Read More
USCG Finds USD 1.4 Mn Worth of Cocaine aboard Ferry
The United States Coast Guard and Customs and Border Protection law enforcement personnel seized USD 1.42 million worth of cocaine aboard the Isleño ferry in Fajardo, Puerto Rico on July 22… Read More
World Maritime News Staff