Taiwanese carrier Evergreen on 10 August signed a deal with China Shipbuilding Corporation (CSBC) to build 10 2,800 teu container ships. The first ship will be delivered in the second half of 2017, ...
Evergreen orders 10 box ships at CSBC
Mencast suffers 79% y/y profit decline
Singapore-listed offshore services provider Mencast Holdings posted a net profit of SGD1.26 (USD0.9 million) for the second quarter of 2015 ended 30 June 2015, down 79% year on year (y/y). The ...
Canal workers may strike
The Panama Canal expansion project may face a fresh setback if construction workers building the third set of locks opt to go on strike. IHS Maritime was told that the labour action could begin on 12 ...
Drought limits canal transits
Draught restrictions in Gatun Lake may impact almost of fifth of the transits through the Panama Canal. The 'El Nino' climate pattern has triggered drought conditions in the canal watershed, "causing ...
APMT buys biggest reefer terminal in the Mediterranean
APM Terminals has bought Vado Ligure reefer terminal on Italy's Ligurian coast - the largest refrigerated terminal in the Mediterranean. Purchased from owner Reefer Terminal as part of a port of Vado ...
Ships take shelter from typhoon in Yangtze River Delta
Thousands of ships in the Yangtze River Delta took shelter from Typhoon Soudelor as it approached East China on 10 August. Local authorities have issued a grade IV emergency response to areas affected ...
Nordic American reports improved interims
Nordic American Tankers (NAT), a US listed Suezmax operator that is managed from Norway, has reported a much improved result for both the second quarter and first half of 2015 compared with the same ...
Philly Tankers sells four newbuilding contracts for USD568 million
Philly Tankers, a company set up in 2014 and controlled by Aker Philadelphia Shipyard, has sold four newbuilding contracts, each concerning a 50,000 dwt product tanker, for a total of USD568 million ...
Hutchison Australia denies further automation plans
On Saturday Hutchison Ports Australia (HPA) denied claims they were slashing their workforce to bring in more automation, saying the cutbacks were due to financial losses. Chief Financial Officer Chee ...
Wisdom Marine improves profits
Taipei-listed bulk carrier Wisdom Marine posted profits of TWD1.22 billion (USD39 million) for the January-July period, an increase of 30.34% on a year ago. The company's recorded revenue for the same ...