Industry News

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 quarter of the companies’ financial year.
The operating income of MHI’s commercial aviation and

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 two single companies make up the five companies.
The JVs are Asian Terminals Inc, which is working

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 analyst.
HMD, a subsidiary of Hyundai Heavy Industries, posted a KRW10.915 billion (USD9.3 million)

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 delivery in September 2015, a stock filing of CMES said on 31 July. CMES plans to finance the acquisition