MacGregor drags down Cargotec Q2 results

Cargotec has posted an 11% year-on-year (y/y) slide in second-quarter orders after gains at Kalmar and Hiab were outweighed by a slump at its MacGregor business unit.
The Finnish cargo-handling equipment maker’s Kalmar unit produces port and terminal container handling machinery while Hiab mainly

DSME CEO pledges to resolve crisis

Daewoo Shipbuilding & Marine Engineering (DSME) will restructure to resolve financial difficulties highlighted in recent “embarrassing” news stories, according to CEO Jung Sung-Leep.
In a statement in Korean on DSME’s website he said the shipbuilder will “remove internal diseases to become a

VLGC rates dive as traders relet ships

After reaching a 2015 high of USD137.938 per tonne on 15 July, rates to ship LPG on very large gas carriers (VLGCs) have since been falling.
On 21 July, rates averaged USD129.375 per tonne, working out to USD132,147 in daily earnings at current bunker prices in Fujairah.
An Oslo-based broker told

VARD posts $6.2m loss in 2Q15

Singapore-listed Norwegian offshore support vessel builder VARD Holdings posted a NOK51 million (USD6.2 million) loss for the second quarter of 2015.
The result reversed a NOK105 million profit for the same period in 2014.
The loss was due to severance payments as VARD restructured its business in