Malaysia-listed integrated brown-field services provider Petra Energy posted a profit of MYR2.08 million (USD0.57 million) for the first quarter that ended on 31 March 2015, a two-fold jump from MYR1 ...
Petra Energy doubles its profit in 1Q15
Technics Oil and Gas secures EPCI contracts worth $3.97m
Singapore-listed Technics Oil and Gas has secured Engineering, Procurement, Construction, and Installation (EPCI) contracts worth SGD5.3 million (USD3.97 million) on 21 May. The EPCI contracts were ...
Nanshan Group considers second-hand bulkers
Nanshan Group, a Chinese private-run conglomerate, plans to acquire second-hand bulk carriers to meet the demand of its electricity producing unit for coal shipping capacity. The planned acquisitions ...
Nanshan Group plans to buy second-hand bulkers
Nanshan Group, a Chinese private-run conglomerate, plans to buy second-hand bulk carriers to meet the demand of its electricity producing unit for coal shipping capacity. The planned acquisitions of ...
High VLGC rates unlikely to persist
While freight rates to haul LPG on very large gas carriers (VLGCs) continue to exceed USD100 per tonne, this situation is untenable. IHS Energy's Waterborne Commodity Intelligence, which tracks ...
One dead, two injured in Mingyang Shipbuilding accident
One worker died while another two were injured during a combustion accident on 19 May at Mingyang Shipbuilding in Jiangsu province, China. The combustion occurred at around 14:00 h local time that day ...
Chinese yards’ new orders down 78.1%
Chinese shipyard new orders slumped 78.1% year on year (y/y) to 6.63 million dwt from January to April, the China National Association of Shipbuilding Industry (CANSI) said. The orderbook of the ...
Diana prices bond offering
Diana Shipping has raised USD55 million through a bond offering, although industry bonds issuances remain sharply lower so far this year. NYSE-listed Diana will pay an 8.5% annual interest rate on the ...
Panama Canal chief unfazed by competition
The Suez Canal is scheduled to be wider and deeper by the end of the northern summer, but the potential time and cost savings for shippers and carriers is not a concern for Panama Canal Authority CEO ...
Bulker blocks Argentine soyabean exports
The grounding of a bulker owned by Norden has temporarily closed a crucial shipping channel for Argentine soyabean exports. A Norden representative confirmed to IHS Maritime that the 2014-built, ...