Greek tanker owner Tsakos Energy Navigation (TEN) has posted higher than expected profits and confirmed it is on the hunt for acquisitions. The NYSE-listed company reported net income of USD37.3 ...
Tsakos profits surge
HMM plans to sell dry bulk business in doubt
Hyundai Merchant Marine (HMM) may call off plans to sell its dry bulk business division. South Korea's second biggest shipping company had invited offers for the unit in March, with Seoul-based SK ...
Coastal Contracts boasts record quarter
Malaysian offshore service provider Coastal Contracts posted a record-breaking profit of MYR65.9 million (USD18.3 million) for the first quarter of 2015, up 34% year-on-year (y/y). Revenue was up 56% ...
Canada won’t be rushed on ballast treatment
Canada will not require domestic shipowners operating on the Great Lakes to equip their ships with costly ballast treatment systems until effective technology exists, Canadian transport minister Lisa ...
Top three Taiwanese carriers post 1Q15 profit
Wan Hai, Yang Ming, and Evergreen Marine, the top three container carriers in Taiwan, have all posted profits for the first quarter of 2015. Wan Hai recorded a profit of TWD2.07 billion (USD68.13 ...
Seoul launches Sewol salvage tender
South Korea's Ministry of Oceans and Fisheries posted a tender notice on 22 May for selecting a salvage company to hoist the capsized ferry Sewol. The ministry said it was looking to work with a ...
Alam Maritim net profit down 43%
Malaysia-listed offshore services provider Alam Maritim Resources posted a net profit of MYR8.65 million (USD2.41 million), down 43% year on year (y/y) for the first quarter ended 31 March 2015. The ...
Mokpo New Port seeks terminal operator
As South Korea's Mokpo New Port opens a new car carrier terminal in June, the port will be choosing a terminal operator through competitive bidding. In a press statement, Mokpo regional maritime ...
South Korea’s Mokpo New Port seeking terminal operator
As South Korea's Mokpo New Port opens a new car carrier terminal in June, the port will be choosing a terminal operator through a competitive bidding process. In a press statement, Mokpo regional ...
Incheon proceeds with Golden Harbor project
South Korea's Incheon Port Authority (IPA) is developing an international ocean tourism complex called the Golden Harbor, with a vision to attract 3 million annual tourists by 2018. The Golden Harbor ...