Industry News

Seoul Central District Court ruled on 3 August to start rehabilitation proceedings for Korean shipping company Samsun Logix.
Hur Hyun-Chul, a former Samsun Logix CEO, has been appointed as the company’s custodian as it tries to work out its debts, largely to Korea Line Corporation (KLC).
In a

PACC Offshore Services Holding (POSH) posted a 49% year-on-year slide in profit to USD6.1 million for the second quarter of 2015, despite increasing its revenue.
The Singapore-listed offshore services provider’s second-quarter revenue climbed 22% to USD71 million.
POSH’s revenue gain was mainly

Hutchison Port Holdings (HPH) is embroiled in industrial unrest on two fronts over plans to slash its workforce and cut costs.
The Hong Kong-based global operator was encouraged by the Australian government to get a foothold in Brisbane and Sydney container terminals in 2012 to end a ‘duopoly’ of

Hutchinson Ports Holdings (HPH) is embroiled in industrial unrest on two fronts over plans to slash its workforce and cut costs.
The Hong Kong-based global operator was encouraged by the Australian government to get a foothold in Brisbane and Sydney container terminals in 2012 to end a ‘duopoly’ of

Shenzhen-listed Sainty Marine on 3 August announced the appointment of Zhang Shunfu as its chairman.
Zhang, 53, is also the chairman of Sainty International Group, chairman and general manager of Sainty Metals & Minerals Company, as well as the general manager of China National Nonferrous Metals