The chief executive of managers for the Standard P&I club said its policy of diversification remains vital in its efforts to peg P&I premium rates. Speaking as the club issued its full-year ...
Standard Club chief urges diversification
DFDS raises forecast after strong 1Q15
DFDS, the listed Danish ferry and logistics group, has raised its full-year operating profit forecast after cutting net loss in 1Q15 on economic recovery on its key markets and cheaper bunkers, the ...
Hoegh LNG cuts loss and eyes more FSRUs
Hoegh LNG (HLNG), the Oslo-based listed gas carrier company controlled by the Leif Hoegh group, has cut its loss in 1Q15 and says it plans to continue to grow its floating storage and regasification ...
Lloyd’s Register CEO resigns
Lloyd's Register CEO Richard Sadler has resigned, the classification society has announced. Sadler had been in the role for eight years and will be replaced by the current CFO Alastair Marsh at the ...
Political risk seen in dredging
Political risks arising from vested interests and regime changes could affect dredging projects, and contractors need to calculate the risks before committing to these. The Abbot Point expansion ...
Maersk Line hires new East and Central China head
Maersk Line announced on 21 May that Mike Fang will be the company's new head for East and Central China effective 1 July. "I am excited to take on this new role and to return to Shanghai," Fang ...
ICBC introduces new newbuilding funding method
The Industrial and Commercial Bank of China (ICBC) has introduced a new financial instrument to help finance newbuildings that can be bareboat chartered to shipping companies, with the financing ...
APL’s new service to boost North-South American trade
Singapore-headquartered shipping liner APL has launched a new weekly service to enhance its network coverage in North and South America. According to APL's corporate statement, the new America ...
Political risks exist in dredging
Political risks arising from vested interests and regime changes could affect dredging projects, and contractors need to calculate the risks before committing to these. The Abbot Point expansion ...
Barge capsizes off Singapore, 14 missing
Fourteen seafarers are today missing after a Bolivian-registered sand-carrier has capsized in Singapore waters. The incident happened yesterday (20 May) at around 10:00 h local time. According to the ...