Israel’s ZIM trebles 2Q earnings

The Israel-based carrier ZIM has trebled its earnings in the 2Q15, announcing revenue of USD74 million compared to USD23 million in the same quarter last year. In a statement released on Wednesday, the company ascribed the better performance partly to the launch of a new Asia-US route in the same

DSME cancels drillship order

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has cancelled a drillship order after the customer missed a payment.
In a Korea Exchange filing, DSME said the KRW703.4 billion (USD592.5 million) order was placed by an Americas-based customer in July 2013.
The drillship was