Taiwanese container carriers are expected to do better in the 3Q15 amid rebounding freight rates and decreasing bunker prices, local analysts said on 3 August. Rates for Asia-Europe services surged ...
Taiwanese liners expect better 3Q performance
Product tanker catches fire off Shanghai
A China Shipping Tanker-owned product tanker caught fire off Dayangshan Island, Shanghai, on 3 August, killing one crew member and injuring five others, announced the Shanghai Maritime Safety ...
Sainty Marine likely to refund $129m of advance payments and interest
Shenzhen-listed Sainty Marine estimated that it would have to refund CNY800 million (USD129 million) of advance payments and interest to shipowners in the worst-case scenario following the bankruptcy ...
Fujian Guohang raises $6.5m in private placement
Chinese dry bulk carrier owner Fujian Guohang Ocean Shipping (Group) has raised CNY40 million (USD6.5 million) in a private placement to replenish its working capital. Fujian-based Lianjie Investment ...
SapuraKencana forms JV to enter Brunei oil and gas industry
Malaysia-listed offshore services provider SapuraKencana Petroleum has formed a joint-venture (JV) company to enter the oil and gas industry in Brunei. According to its filing to Bursa Malaysia, the ...
SBI Offshore invests $10.2m for 51% stake in solar power assets
Singapore-listed offshore services provider SBI Offshore has invested SGD13.97 million (USD10.2 million) to obtain 51% stake in solar power assets from its German partner Gräss Group for business ...
CMHI raises $700m from bonds
China Merchants Holdings (International) (CMHI) has raised USD700 million by selling bonds to support the development of its port business. CMHI issued USD700 million fixed-coupon guaranteed notes, ...
MPHRP announces new head under ISWAN
Tom Holmer, former head of the International Transport Workers' Federation's Seafarers' Trust, has been chosen to lead the Maritime Piracy Humanitarian Response Programme (MPHRP). Holmer will take up ...
Shore power expanded in Montreal and Quebec City
Shore power will become available in the ports of Montreal and Quebec during the next few years with the assistance of government air pollution reduction programmes, the two port authorities have ...
News insight: Europe’s split priorities strain shipping
Europe's increasingly militaristic reaction to the humanitarian crisis in the Mediterranean Sea evidences an offensive rather than rescue focused mind-set. While smugglers and traffickers must be ...