DP World has gone all sci-fi, unveiling a partnership with a US company it hopes will eventually lead to the movement of containers between its flagship port at Jebel Ali and a new inland container depot in Dubai via Hyperloop technology. The global terminal operator signed an agreement with Hyperloop One in Los Angeles recently …
If the recent call of MSC Zoe is any indication, the 27.6% increase in container volumes recorded by Port of Salalah in the first half of 2016 is a sign of things to come. The 19,224-teu behemoth, which stands alongside MSC sisterships Oscar, Oliver and Maya as the world’s largest operational boxship (by teu capacity), …
Port of Salalah spearheads growth at Oman terminals Read More »
Qatar Navigation (Milaha) has reported a 15% dip in net profit for the first half of 2016 on the back of pressures on its investment arm, general cargo and ro-ro businesses and the “extremely challenging” offshore market. However, president and ceo Abdulrahman Essa Al-Mannai has hailed Milaha’s “healthy results supported by a strong balance sheet” …
Milaha H1 profit down 15% but still a 'healthy' $151m Read More »
Despite the widely reported financial woes of many KG Funds the German Shipowners’ Association (VDR) says cooperative ventures have avoided the bankruptcies of whole shipping companies. VDR noted a trend towards co-operative ventures in ship management and the financing of ships over the last year especially among smaller-to-mid-sized owners. In particular in the sub-5,000 teu …
German owners say cooperation has stopped insolvencies Read More »
