loss more than double to $1.1bn. Revenues grew 10% to KRW5.03trn, while it managed to put a cap on its debt ratio, which improved from 349% in 2016 to 298%. The company claimed in
a release: Net loss was result of a KRW479.5 billion loss in book value of 10 vessels that were sold to Korea Shipping and Maritime Transportation in March 2017.
track to disrupt the global logistics industry with its blockchain-based Smart B/L that will replace outdated Bill of Lading paperwork, the company said in a release. CargoX claims logistics companies can save up to $5bn
a year by using its new bill of lading platform.
maintenance at Cochin Shipyard, a large state-owned shipbuilder in Kerala. "Thick fumes" slowed the rescue effort, according to shipyard officials, but the fire was brought under control. The injured personnel were transferred to a nearby hospital, including
four burn victims in critical condition. Early reports suggest that the fatalities were due to smoke, and the location of the fire within a confined space was a likely contributing factor.
an investigation committee to look into the case and it estimated that the matter could lead to loss of JPY2bn ($18.7m). The company said it would reveal further details when available. In the meantime, NYK is considering
applying for an extension to the deadline to file its third quarter earnings due to the impact the matter may have.
"Cautin", owned and operated by Hapag-Lloyds CSAV, arrived at Lazaro Cardenas from the Port of Buenaventura on Colombias Pacific coast. Lazaro Cardenas, in the west of Mexico, is the countrys largest seaport. It is
located in the state of Michoacan, which holds a notorious place in the nations bloody illicit drug trade.
in April 2017, to invest in business areas that have a clear competitive edge. Since then, some of the fields in which it strategically allocated human resources and investment include chemical tankers and logistics.
the environment. The case is being heard in a Rotterdam Court this week, and the Dutch Public Prosecutor calls for a fine of EUR 2.35 million ($2.9 million) and confiscation of the profits Seatrade made on the sale of four
ships, as well as a six month prison sentence for three of Seatrades top executives.
Officer of A.P. Moller Maersk A/S, said in a phone interview. If we dont do our job well, then theres no doubt that big, strong companies like Amazon will look into whether they can do better themselves. Shares of
FedEx Corp. and UPS Inc. dropped last week on a report that Amazon plans to handle more deliveries to its customers doorsteps.
the start of regular exports from Louisiana Offshore Oil Port, it will be a step change in Americas capacity to export the burgeoning production thats roiled global oil markets. The ability to load very large crude carriers, the industry term for giant ships
able to carry two million barrels, will significantly cut the cost of shipping cargoes overseas.
melting in Greenland and Antarctica, has the potential to double the total sea level rise projected by 2100 when compared to projections that assume a constant rate of sea level rise, according to lead author Steve Nerem, a professor of Aerospace Engineering
Sciences at the University of Colorado Boulder, and a member of NASAs Sea Level Change team.
storage or copying is not permitted. If you are not the intended recipient, please permanently delete the original, destroy all copies and inform the sender by return email. An email reply to this address may be subject to interception or monitoring for operational
reasons or for lawful business practices. Seacurus Ltd is authorised and regulated by the Financial Conduct Authority. Registered Office: Suite 3, Level 3, Baltic Place West, South Shore Road, Gateshead, Tyne and Wear, NE8 3BA. Registered in England and Wales
(company no. 05201529)
This email has been scanned by the Symantec Email Security.cloud service.
For more information please visit http://www.symanteccloud.com