The Singapore National Shippers' Council has expressed concern as liner alliances are becoming increasingly powerful. Maersk Line has a vessel-sharing arrangement with Mediterranean Shipping Company, ...
Shippers worry over growing liner alliances
SK Shipping’s 1Q15 profit surges 876%
South Korea's third-biggest shipping company SK Shipping said on 18 May that its net profit in the first quarter in 2015 jumped 876% year on year (y/y) to KRW28.5 billion (USD25.6 million). Operating ...
Court seizes more of Sainty Marine’s assets
Shenzhen-listed Sainty Marine has seen more of its assets seized by court upon application of its creditor. On 7 May, the Nanjing Municipality Gulou District People's Court ruled that assets worth an ...
Maersk, MSC, MOL in Asia-South America tie-up
Maersk Line said on 19 May that it has entered a vessel sharing agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui OSK Lines (MOL) on the Asia to east coast of South America (Asia-EC ...
Pelindo IV borrows $227m to build Makassar Port
Indonesian port operator PT Pelabuhan Indonesia (Pelindo) IV has taken a IDR3 trillion (USD227 million) loan from PT Bank Mandiri to fund the construction of Makassar New Port and to upgrade the ...
U.S. Coast Guard Bill Passes House of Reps
By MarEx 2015-05-18 21:11:22 The U.S. House of Representatives passed the Coast Guard Authorization Act of 2015 (H.R. 1987) by a unanimous voice vote on Monday. Congressman John Garamendi ...
Floating LNG Platforms Could Be Unmanned
By MarEx 2015-05-18 20:09:33 DNV GL has developed a new unmanned floating LNG concept that overcomes many of the challenges currently faced by those looking to unlock the potential of remote ...