BW LPG, the world's largest LPG carrier owner, has taken an upbeat view of the future after delivering strong 1Q15 figures. The company's first-quarter net profit rose to USD57.5 million this year ...
BW LPG upbeat after strong start to year
‘K’ Line to ship Hitachi rail cars
Japanese shipping company 'K' Line has signed a contract with a Hitachi subsidiary to transport rail cars that are being manufactured at the latter's Kasado plant. These rail cars will be loaded onto ...
Taiwan’s Wisdom Marine forecasts bigger profit this year
Taiwanese bulk carrier Wisdom Marine expects to make more profit this year, since its new ships have secured 50% of gross margin and the disposal of old ships will bring in extra revenue, the company ...
Dredger shortage hampering Indonesian ports
Indonesia’s many ports need frequent dredging. However, Southeast Asia's biggest economy faces challenges on this front. Speaking at the Dredging & Land Reclamation Asia Summit in Singapore on 20 ...
UMW O&G sees tough competition ahead
Malaysia-listed offshore services provider UMW Oil and Gas Corporation expects competition for oil and gas contracts to heat up because of fewer tenders. Rohaizad Darus, president of UMW O&G, ...
MPA launches maritime awareness programmes
The Maritime and Port Authority of Singapore (MPA) has launched two programmes on 19 May as part of the ongoing effort to raise awareness of the maritime industry among youths. Under the Maritime ...
Sainty Marine cuts overdue loan debts
Shenzhen-listed Sainty Marine and its subsidiaries have managed to cut its defaulted debts to CNY585.8 million (USD94.4 million) as of 19 May amid tight liquidity. The company paid back CNY4.3 million ...
Indonesia aims 11.8m tonnes processed nickel output in 2015
Indonesia's Energy and Mineral Resources (ESDM) Ministry is hoping the country will produce up to 11.8 million tonnes of domestically processed nickel ore in 2015. The ministry is optimistic to ...
Thailand: No Kra Canal deal
A Thai government official has denied that the country has signed any pact with China to build a canal across southern Thailand. "It's nothing to do with the government," Chula Sukmanop, ...
VLGC rates continue upwards despite quiet Gulf market
Rates to ship LPG on very large gas carriers (VLGCs) continue to exceed USD100/tonne despite almost no activity taking place in the Gulf. The Baltic Exchange assessed the benchmark rate from the Gulf ...