Malaysia’s MISC Berhad delivered an increase in operating profit for the quarter ended September 30, 2019, while reporting a drop in its revenue.
After competing a first test shipment of liquefied natural gas (LNG) from its Tango FLNG project in Argentina, Belgian owner and operator of gas carriers Exmar has now shipped the first commercial cargo from the project.
German shipping major Hapag-Lloyd said it doubled its operational result in the first nine months, accompanied by an increase in transport volumes and average freight rate.
LNG logistics company Atlantic Gulf & Pacific (AG&P) has revealed an equity investment in Norway-based developer of small-scale LNG sea transportation Kanfer Shipping.
Vietnam currently lacks US $ 4 billion for seaport development. Container shipping capacity needs to double the growth rate of 10 - 12% of the last decade to meet increasing demand.