Cosco Shipping: Piraeus Port First Half Profits drop on Increased Investment Expenditure

Results of the Group for the six months ended 30 June 2017 are highlighted as follows: – Revenue increased 0.3% to US$275,776,000 (1H2016: US$274,983,000).

Globus Maritime Limited Reports 50% Increased First Quarter Results

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated operating and financial...

Indian refiners tap spot crude market to feed increased capacity

Indian companies have stepped up purchases of high-sulphur crude oil from the Middle East and Russia in the spot...

Russia increased wheat exports by 9%

According to Russia’s Ag Ministry, Russia exported 26.3 MMT of wheat in 2016/17 season by June 14, or up ...

Freight News

In January 2017, the total exports of steel from China to the world -including finished (long steel, flat steel and seamless pipes) and steel-derivatives products (wire products and welded tubes)- decreased 24% versus Jananuary 2016, reaching 7.2 million

India: Increased iron ore handling boosts cargo traffic at major ports

Increased iron ore handling by major ports during the third quarter led to a 7.55 per cent increase in cargo traffic for the nine months ended December 31 as against the same period last year.

Increased Internet Access at Sea requires Improved Cyber Security

An increase in internet access at sea will lead to an increased risk of suffering a cyber-attack. However, if addressed correctly, this risk can be lowered to sit comfortably within the acceptable risk tolerance levels of an organisation.