South Korea's third-biggest shipping company SK Shipping said on 18 May that its net profit in the first quarter in 2015 jumped 876% year on year (y/y) to KRW28.5 billion (USD25.6 million). Operating ...
SK Shipping’s 1Q15 profit surges 876%
Court seizes more of Sainty Marine’s assets
Shenzhen-listed Sainty Marine has seen more of its assets seized by court upon application of its creditor. On 7 May, the Nanjing Municipality Gulou District People's Court ruled that assets worth an ...
Maersk, MSC, MOL in Asia-South America tie-up
Maersk Line said on 19 May that it has entered a vessel sharing agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui OSK Lines (MOL) on the Asia to east coast of South America (Asia-EC ...
Pelindo IV borrows $227m to build Makassar Port
Indonesian port operator PT Pelabuhan Indonesia (Pelindo) IV has taken a IDR3 trillion (USD227 million) loan from PT Bank Mandiri to fund the construction of Makassar New Port and to upgrade the ...
Large claims, lower returns hit Skuld
Protection and indemnity (P&I) club Skuld saw its net result deteriorate to USD13.5 million last year, from USD29million in 2013. The Oslo-based member of the International Group of P&I Clubs ...
Russian sanctions hit Hamburg transhipments
Cargo throughput at the port of Hamburg remained unchanged in the first quarter at 35.6 million tonnes (+0.1% year on year) as gains in dry bulk liftings were offset by a drop in containers. Bulk ...
Updated: Daewoo or Fincantieri to buy STX France
South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed its long-rumoured interest in buying STX France from the wreckage of compatriot STX Offshore & Shipbuilding. The ...
China to complete multi-million dollar Namibia port project by 2017
China Harbour Engineering Company (CHEC), which is working on the container terminal at Walvis Bay in Namibia, said that the project can be completed by 2017. The Chinese company won the contract to ...
UMW Oil & Gas profit down 39%
Malaysia-listed drilling and oilfield services company UMW Oil & Gas posted a profit of MYR32.15 million (USD9.16 million) for the first quarter that ended on 31 March 2015, down 39% from profit ...
Freight Management Holding profit dip 22%
Malaysia-listed freight service provider Freight Management Holding posted profit of MYR4.73 million (USD1.33 million) for the third quarter that ended on 31 March 2015, down 22% from profit of ...