Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding continues to dispose of holdings in its non-core businesses, and invest in companies that have better synergies. Yangzijiang has disposed ...
Yangzijiang Shipbuilding continues to divest non-core businesses
Mitsubishi Heavy Industry’s shipbuilding unit gains higher earnings for April–June
The profit of Mitsubishi Heavy Industries' (MHIs') shipbuilding unit increased year on year (y/y) for April to June 2015. As Japan's financial year starts on 1 April, April to June marks the first ...
Five firms keen on Davao Sasa port modernisation
Five firms have submitted pre-qualification documents to modernise Davao Sasa port, the Public-Private Partnership (PPP) Center of the Philippines said in a statement. Three joint ventures (JVs) and ...
Analyst: HMD’s profit masks true picture
Despite avoiding the red ink that tarred South Korea's big three shipbuilders, Hyundai Mipo Dockyard's (HMD's) profit in the second quarter of 2015 camouflages its actual situation, said a sector ...
CMES buys four used Valemaxes
China Merchants Energy Shipping (CMES) has signed an agreement with Vale Shipping Singapore to acquire four used Valemaxes for an aggregate of USD448 million. The four vessels are scheduled for ...
Nantong Sinopacific Offshore & Engineering delivers first modules built for Total
Nantong Sinopacific Offshore & Engineering (SOE) has delivered the first modules built for oil company Total, which SOE believed laid the foundation for further co-operation with Total on the ...
Samudera Shipping Line’s 2Q15 profit down 26%
Singapore-listed Indonesian shipping company Samudera Shipping Line said on 30 July that its profit in the second quarter of 2015 fell 26% year on year (y/y) to USD3.2 million as the weak freight ...
India steps up support to cruise shipping
India has stepped up financial assistance to ports for upgrading cruise terminal facilities, shipping minister Pon Radhakrishnan has told Parliament. The tourism ministry disburses cash grants to ...
Matson settles molasses spill case
US-based box carrier Matson has terminated its molasses operations in Honolulu as part of a settlement stemming from a 2013 spill in Honolulu Harbour. The settlement with the state of Hawaii, ...
Spain’s Navantia yard lands four Suezmax orders
Spanish naval shipbuilder Navantia has landed an order for four Suezmax tankers with two others on option from Spain's Ibaizabal group. Navantia, which had its civil shipbuilding and repair activity ...