• 2017 March 20 12:31

    DP World announces financial results for 2016

    DP World, the Dubai-based ports operator, reported on Monday $1.13 billion in net profit attributable to owners of the company for 2016, marking a 28 per cent jump from the $883 million in profits recorded in 2015.

    The company’s revenues rose nearly 5 per cent year-on-year in 2016 to reach $4.16 billion.

    “Encouragingly, our volumes have continued to grow ahead of the market with gross volumes growing 3.2 per cent vs. Drewry full year market estimate of 1.3 per cent,” said Sultan Bin Sulayem, group chairman and chief executive officer of DP World Group.

    In a statement to Nasdaq Dubai where DP World is listed, he added, “While 2017 is expected to be another challenging year for global trade, we have made an encouraging start to the year and we expect to continue to deliver ahead-of-market volume growth.”

    Bin Sulayem said the company was aiming to continue what he described as a “disciplined approach” to capital allocation in markets.

    The board of DP World recommended increasing dividends by 26.7 per cent to $315.4 million or 38 US cents per share (from 30 cents per share in 2015).

    DP World said it expects capital expenditure in 2017 to be $1.2 billion, with investment planned into the UAE (at Jebel Ali), Canada, Somaliland, Senegal, and the UK’s London Gateway.




2017 May 22

18:41 Wagenborg Offshore signs contract for multipurpose offshore vessel Arcticaborg
18:36 CMA CGM launches a second service between India, Middle East and Africa, the Midas 2
18:34 Golden Ocean announces delivery of dry bulk vessel
18:33 Nevsky Shipyard laid a new dry-cargo vessel of the project RSD59
18:13 Nominations now open for TMS Awards
18:05 Port of Antwerp Authority CEO plays prominent role at Chinese Belt and Road Summit
17:46 Pharma logistics services expanding strongly in Antwerp
17:22 Passenger Port of St. Petersburg welcomed 10 cruise ships last week
16:57 Throughput of port Kaliningrad in Jan-Apr'17 up 4% to 4.26 mln t
16:18 Throughput of port Vyborg up 13% to 341,300 t in 4M’17
15:49 Throughput of port Vysotsk up 15% to 6.19 mln t in Jan-Apr'17
15:25 RF Navy's Pacific Fleet ship detachment arrived in Jakarta
15:00 Operational formation of RF Navy in Mediterranean Sea will receive Black Sea Fleet’s Smetlivy guard ship
14:34 Throughput of port Ust-Luga up 10% to 33.02 mln t in 4M’17
14:11 Port of Brisbane welcomes new CFO
13:53 Average wholesale prices for М-100 HFO up to RUB 9,674 in RF spot market
13:32 Throughput of Arkhangelsk Sea Commercial Port down 45% to 316,000 t in Jan-Apr'17
13:11 Vallianz records operating profit of US$ 20.3 mln for FY 2017
12:45 ECS and 2XL form one European logistics group
12:21 Columbia Shipmanagement receives DNV GL certification for energy and safety management
11:48 Throughput of port Primorsk up 4% to 22.22 mln t in Jan-Apr'17
11:24 Russia’s Pacific Fleet celebrates its 286th anniversary
11:01 RF Navy's Northern Fleet starts planned combat training in the Barents Sea
10:59 MacGregor participates in developing unmanned/autonomous traffic in the Baltic Sea
10:37 Throughput of Big Port St. Petersburg up 6% to 16.79 mln t in 4M’17
10:13 HH Ferries Group appoints new CEO
09:55 Brent Crude futures price up 0.47% to $53.86, Light Sweet Crude – up 0.55% to $50.95
09:39 RF Navy’s Black Sea Fleet held a scheduled antisubmarine exercise
09:18 Baltic Dry Index up to 956 points

2017 May 21

22:00 EU NAVFOR flagship ESPS Galicia maintains counter-piracy watch off coast of Somalia
21:56 Gulf Navigation posts 39% growth in the net profit in Q1 2017
21:52 Diana Shipping announces delivery of the Kamsarmax dry bulk vessel m/v Astarte
12:57 Albwardy Damen wins two ship repair awards in 4 weeks

2017 May 20

15:54 NYK participates in joint program between MIT and the University of Tokyo
12:57 Hantong Ship Heavy Industry holds the keel laying ceremony for 38800DWT B.C.
05:55 ANL changes terminals in Port Kelang on its KIX service
05:52 COSCO (Dalian) Shipyard delivers bulk carrier
05:48 JES International announces acquisition of a wholly - owned subsidiary in Singapore

2017 May 19

17:54 Nakilat transitions LNG Onaiza to in-house management
17:01 Mitigation of negative impact on environment and optimization of construction costs considered at Rosmorrechflot’s meeting on Bagayevsky hydrosystem
16:32 Rosmorrechflot appoints Magomed Abdulatipov as head of FSBI Caspian Sea Ports Administration
16:05 Rolls-Royce to deliver world’s first hybrid subsea crane
15:46 Vyborg Shipyard will build two trawlers of Project ST-116XL-FOR for FOR GROUP
15:43 Fincantieri signs an agreement with STX Europe for the acquisition of a majority stake of STX France
15:21 RAS net profit of NCSP in QI’2017 fell by 22.8% to RUB 7.4 bln
15:04 CMA CGM announces GRI from Asia to East Coast of South America
14:27 Eighth Grachonok-class boat of Project 21980 left Zelenodolsk shipyard for delivery base in Kronshtadt (photo)
14:04 Ocean Yield extends charter contrac with Ezra Holdings for Lewek Connector
13:40 Oil Spill Conference held in Long Beach, United States on 15-18 May
13:05 Libra FPSO arrives in Brazilian waters
12:24 A liquified natural gas (LNG) supply solution available to all shipowners in Québec
12:05 Deep Sea Supply awarded time charter contracts for 2 PSVs
11:32 Costa Victoria to make her third call at port Vladivostok on May 20
11:05 MOL to launch sales of upgraded version of energy-saving Propeller Boss Cap Fins
10:16 Brent Crude futures price up 0.78% to $52.92, Light Sweet Crude – up 0.93% to $49.81
09:55 ABB strengthens its decision support software suite with certified MRV module
09:29 TTS Group signs new contracts for heavy lift cranes
09:13 Baltic Dry Index up to 957 points
09:01 Keppel on track to deliver state-of-the-art drilling rig in Azerbaijan
08:28 GTT to equip two new LNG carrier vessels for DSME