China Cosco’s Net Loss Widens to USD 690 Mn

Image Courtesy: China Cosco Holdings

Hong-Kong listed shipping and logistics company China Cosco Holdings Co (CCHC) has reported a major rise in its net ...

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SHI’s Q1 Net Profit Climbs 45.9 Pct

Image Courtesy: SHI

Korea-listed Samsung Heavy Industries (SHI) booked a net profit of KRW 15.9 billion (USD 13.9 million) in the first ...

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Precious Shipping Drops Newbuild Trio at Sanfu

Image Courtesy: PSL

Bangkok-listed dry cargo ship-owner Precious Shipping said it will cancel three shipbuilding ...

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MPA Takes Bunkering Licences from Two Companies

Image Courtesy: Vermont UM Bunkering

Two bunkering companies have been denied operations as bunker suppliers and bunker craft operators in the Port of ...

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Wan Hai Lines, K Line and PIL Join Forces on Transpacific

Image Courtesy: WSC

Taiwan’s shipping company Wan Hai Lines has sealed a deal with Japan’s Kawasaki Kisen Kaisha (“K”Line) ...

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HHI Axes Quarter of Its Executive Personnel

Image Courtesy: Hyundai Heavy Industries

South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has laid off 25 per cent of its executives as a ...

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Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy

Image Courtesy: Samsung Heavy Industries

South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating ...

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COSCO Pacific Earns Less in 1st Quarter

Image Courtesy: COSCO Pacific Limited

Hong Kong-based container terminal operator COSCO Pacific Limited has seen its profit drop by 25.8 percent to USD ...

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Vessel Owners Warned of Dangers of Shipping Indonesian Coal

Image Courtesy: London P&I Club

Following a number of recent incidents the mutual insurance company The London P&I Club has issued a ...

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First of Its Kind LNG-Fuelled Car Carrier Hits the Water

Image Courtesy: LR

Europe’s short sea RoRo operator United European Car Carriers (UECC) has launched its new dual-fuel liquefied ...

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Hanjin Shipping Offloads Remaining Stake in H-Line

Image Courtesy: H-Line

Financially-troubled Korean container carrier Hanjin Shipping has sold its remaining stake in H-Line Shipping as it ...

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South Korea's Biggest Shipbuilders Still in the Lead

Image Courtesy: HHI

Despite the historically low level of newbuilding orders seen in 2015, and a continued weak ordering streak in ...

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79 Pct of Ships Sold for Scrap in Q1 Ended Up in South Asia

Image Courtesy: NGO Shipbreaking Platform

Out of 239 end-of-life ships sold for breaking in the first quarter of 2016 a total of 79 per cent of ships ended ...

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44 Seafarers Captured as Violence Rises in West Africa

Image Courtesy: Navy

44 seafarers have been captured so far this year amid growing violence off the coast of West Africa, new figures ...

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Baltic Dry Index Surges to 704 Points

Image Courtesy: Diana

A recent Capesize market uptick, caused by an increase in iron ore trade, higher steel prices and a rise ...

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MBC to Transport Steam Coal to Malaysia

Image Courtesy: MBC Group

Dry bulk shipowner Malaysian Bulk Carriers Berhad (MBC Group) has entered into a long-term affreightment contract ...

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CKYHE Alliance Alters Asia-US East Coast Services

Image Courtesy: K Line

The pan-Asian container shipping alliance CKYHE Alliance said that it will provide more and restructured services ...

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Korea Overhauling Its Ailing Shipping, Shipbuilding Sectors

Image Courtesy: Hanjin

South Korean government is launching a corporate restructuring plan targeting its financially-troubled industries, ...

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Genting Hong Kong Seals Nordic Yards Takeover

Image Courtesy: Genting Hong Kong

Genting Hong Kong has concluded the EUR 230.6 million (around USD 260 million) acquisition of Nordic Yards’ three ...

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Insurance Claims for Chinese Newbuilds Most Frequent

Image Courtesy: CSSC

Vessels built in China have a higher claims frequency than those of other major shipbuilding nations, according to ...

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BW LPG and BW Pacific Fix Seven New Ships

Image Courtesy. BW Group

Maritime companies BW LPG Limited and BW Pacific have found work for seven new vessels as the companies signed time ...

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HHI Returns to Black in Q1, Ends Losing Streak

Image Courtesy: HHI

South Korean shipbuilding major Hyundai Heavy Industries (HHI) has wrapped up its first profitable quarter after ...

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CSSC Shipping Secures USD 245 Mn Loan for Six Bulkers

Image Courtesy: CSSC

CSSC (Hong Kong) Shipping, a ship owning and leasing arm of China State Shipbuilding Corporation (CSSC), has ...

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POSH Finds Work for Eight OSVs in Middle East

Image Courtesy: POSH

Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has signed long term charter ...

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No Bidders in Sainty Marine’s Second Auction

Image Courtesy: Sainty Marine

The second asset auction of Shenzhen-listed shipbuilder Jiangsu Sainty Marine has failed as the sale of the ...

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Netherlands, Indonesia Forge Maritime Ties

Image Courtesy: The Government of Netherlands

The Netherlands and Indonesia have signed a maritime collaboration agreement in an effort to strengthen ties in the ...

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Orphaned Carriers Will Have to Find New Partners

Image Courtesy: UASC

The formation of the Ocean Alliance by CMA CGM, COSCO Container Lines, Evergreen Line and OOCL means that carriers ...

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