The new CEO of South Korean shipbuilder STX Offshore & Shipbuilding (O&S) has pledged to rehabilitate the company. Lee Byung-mo, who has been elected as the new CEO after STX O&S's former ...
New STX O&S boss vows to realise recovery
Top Ten Maritime News Stories 27/05/2015
Posted on: Wednesday, May 27th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 27/05/2015 1. New Enclosed Space Campaign In January 2015 enclosed space entry drills and training ...
VLGC rates dip pending June LPG contract prices
Very large gas carrier (VLGC) freight rates to ship LPG from the Gulf to Asia Pacific decreased as market players stayed away pending Saudi Aramco's announcement of June LPG contract prices. The ...
Court seizes Sainty Marine’s assets
The Wuhan Maritime Court has seized more of Shenzhen-listed Sainty Marine's assets upon application by the Bank of Jiangsu. The company's assets worth CNY120 million (USD19 million) had been frozen by ...
Court seizes more Sainty Marine assets
China's Wuhan Maritime Court has seized more of Shenzhen-listed Sainty Marine's assets upon application by the Bank of Jiangsu. The company's assets worth CNY120 million (USD19 million) had previously ...
Singapore to review block exemption for liner alliances
Singapore is seeking public feedback as to whether liner alliances should continue to be exempted from breaches of anti-competition laws. The Competition Commission of Singapore (CCS) plans to extend ...
CIMC wins US anti-dumping probe
Shanghai and Hong Kong-listed China International Marine Containers (CIMC) has won a lawsuit against a US anti-dumping probe into 53-foot containers imported from China. CIMC has announced that US ...
Bumi Armada’s revenue up 22%
Malaysia-listed offshore services provider Bumi Armada posted revenue of MYR572.2 million (USD158.3 million), up 22% year on year (y/y) for the first quarter that ended on 31 March 2015. At the same ...
Jason Marine Group profit up 37.2%
Singapore-listed marine electronics systems integrator and support services provider Jason Marine Group posted a full-year profit of SGD3.86 million (USD2.88 million), up 37.2% year on year (y/y), for ...
Half Cruise Ship, Half Freighter Debuts 2015
By Kathryn Stone 2015-05-26 14:46:57 At first glance, it is hard to know what to make of the Aranui 5. It is clearly some kind of passenger vessel, but it is also appears to be a freight vessel. The ...