37 Bahri Ships to Fly Saudi Arabia’s Flag

37 Bahri Ships to Fly Saudi Arabia’s Flag

20.4.2017

National Shipping Company of Saudi Arabia (Bahri) revealed plans to re-flag 32 of its very large crude tankers (VLCCs) and five of its mid-size carriers under the domestic flag by the end of 2017.

COSCO Shipping Holdings to Bounce Back to Profit in Q1

COSCO Shipping Holdings to Bounce Back to Profit in Q1

12.4.2017

COSCO Shipping Holdings, the container arm of China Cosco Shipping Group, said in a stock exchange filing that it expects to return to profit for the three months ended 31 March 2017 recuperating from the net loss reported in the same period of last year.

Drewry: Charter Market in Unexpected Revival

Drewry: Charter Market in Unexpected Revival

12.4.2017

The charter market has found a new lease of life in the recent weeks driven in part by carriers’ poor network planning ahead of the new alliances, according to shipping consultancy Drewry.

Bati Group has won SCN's Distinguished Service Award

Bati Group has won SCN's Distinguished Service Award

4.4.2017

Security Cargo Network (SCN) is a global alliance of independent international freight forwarders who have joined together to offer superior service to shippers for their cargo at both the origin and destination points.

Germany tests world's largest 'artificial sun'

Germany tests world's largest 'artificial sun'

24.3.2017

Scientists in Germany have launched their massive "Synlight" device, billed as the largest artificial sun in the world. The researchers hope that the rig will help them synthesize hydrogen for fuel.

A South Korean court has declared Hanjin Shipping bankrupt

A South Korean court has declared Hanjin Shipping bankrupt

19.2.2017

What was once the world’s seventh-largest container shipping line had applied to go into court receivership last August after the banks that had lent it money refused further support. It owed the equivalent of just over five billion euros.