Sunday 25 September 2016
 
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Gulf Navigation looks to end creditor woes with debt cut

Dubai's Gulf Navigation Holding said on Tuesday it had reduced its debt from $36 million to $21 million and hopes to end a long-running dispute with creditors by consolidating all of its borrowing before the end of the year. D

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Hanjin Shipping funding plan faces further delay

Korean Air Lines, the biggest shareholder in Hanjin Shipping, on Friday delayed a decision on a funding plan for the troubled company for a second time, adding to uncertainty about cargo stranded at sea following the failure of the world's s

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Hanjin Shipping collapse to raise freight costs

The collapse of Hanjin Shipping will boost the cost to US businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.

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Hanjin Shipping collapse to raise freight costs

The collapse of Hanjin Shipping will boost the cost to US businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.

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DP World profit up 50pc to $608 million

Dubai-based DP World, a leading global shipping terminal operator, today announced strong financial results for the six months to June 30, delivering profit attributable to owners of $608 million, up 50.2 per cent. On a reported b

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Bahri unit secures $133m Islamic funding

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers. The funding will be provided to National Chemical Carriers by Ar

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Bahri unit secures $133m Islamic funding

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers. The funding will be provided to National Chemical Carriers by Ar

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WhisperPower extends services to commercial shipping industry

Netherlands-based WhisperPower, an international leader in the development, production and maintenance of hybrid energy and propulsion systems, has announced launch of products for the international commercial shipping industry. W

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Iran, Singapore ink deal for tanker service

Iran has signed a partnership agreement with Singapore, aiming to develop a tanker service for shipping oil products and petrochemicals between East Asia and West Africa, a report said. The agreement was signed between the Islamic

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Shipping line UASC resumes Iran business

United Arab Shipping Company (UASC) is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic and Saudi Arabia, one of the shipping line's main sharehold

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