Singapore-listed offshore services provider Swiber Holdings (Swiber) dived into a loss of USD3.2 million for the second quarter ending 30 June 2015 from a profit of USD10.1 million in the same period ...
Swiber sees red in 2Q15
Mokpo seeks terminal operator again
The South Korean port of Mokpo is looking for an operator for a new vehicle terminal which was completed in July. Mokpo Regional Oceans & Fisheries Administration Office announced on 10 August its ...
Huge lay-offs at South Korea’s ‘big-three’ shipbuilders
South Korea's 'big three' shipbuilders have announced plans for a large number of lay-offs. Hyundai Heavy Industries(HHI), Daewoo Shipbuilding & Marine Engineering(DSME) and Samsung Heavy ...
Maersk Lines expects stronger Asia-Europe trade in 2H15
Maersk Lines expects improvement in the Asia-Europe trade in the second half of 2015, according to Maersk China chairman and chief representative of Maersk Group in North Asia Tim Smith. Smith said ...
LA-LB box volume grows in July
Despite nosediving exports at the Port of Los Angeles, combined trade through America's largest container complex increased 3% in July thanks to record volume at the Port of Long Beach. Box terminals ...
Anglo-Eastern and Univan agree to merge
Anglo-Eastern Group and Univan Group, the independent and third-party ship management companies, have agreed to merge to form the Anglo-Eastern Univan Group. The merged business will be led by Peter ...
CIMC Enric plans to acquire Nantong Sinopacific
China International Marine Containers' (CIMC's) subsidiary, CIMC Enric, plans to acquire Nantong Sinopacific Offshore & Engineering (SOE) from Jiangsu Sinopacific Shipbuilding Group. On 15 August, ...
Yantian port’s 1H15 profit down 30.25%
Shenzhen-listed Yantian port posted profit of CNY156 million for the January-June 2015 period, a decline of 30.25% from a year ago, while its revenue was CNY120.8 million, down 12.54% from a year ...
Cruise ship brings relief to Kos migrant crisis
One of Mediterranean's largest cruise ships has arrived at the Greek island of Kos to assist with its overwhelming influx of migrants. Eleftherios Venizelos will serve as a floating registration and ...
Hercules files reorganisation plan
Jackup rig and liftboat specialist Hercules Offshore has filed a Chapter 11 reorganisation plan after being hit hard by languishing oil prices. The pre-packaged plan, filed 13 August, provides for ...