Blasts affect Tianjin regional trade

As operations at Tianjin port resumed after the explosions of 12 August, analysts have been attempting to quantify the likely impact on trade.
Brian Jackson, senior IHS economist for China Regional told IHS Maritime that not just the port, but also the immediate region could see weaker trade. As a

Fuel piracy incidents drop in July

ReCAAP Information Sharing Centre (ISC), the Singapore-headquartered anti-piracy watchdog, posted no fuel siphoning incidents for the month of July 2015.
“The recent arrest of eight perpetrators involved in the hijacking and siphoning of fuel from Orkim Harmony in the South China Sea on 11 June

IEV profit up 58.6%

Singapore-listed offshore engineering company IEV Holdings (IEV) posted a profit of MYR8.6 million (USD2.1 million), up 58.6% year on year for the second quarter ending on 30 June 2015, despite recording lower revenue for the period.
The company’s earnings dropped by 39.9% y/y from MYR53.1 million