Industry News

China has imported 8.09 million tonnes of soyabean in June, up 26.6% from 2014 and 32% from May, according to data released by customs on 14 July.
The country has imported a total of 35.16 million tonnes of soyabean for the period of January to June, rising 2.8% year on year (y/y), and the value

Shanghai Zhenhua Heavy Industries (ZPMC) has won a USD700 million order from DP World to supply port machineries for the company’s automated container terminal in Dubai.
The order mainly covers quay cranes and rail cranes, which are scheduled to be delivered in phases within three years, a

Japanese shipping group Nippon Yusen Kaisha (NYK) has made the decision to invest in a floating production, storage, and offloading (FPSO) with Mitsubishi Corporation.
The FPSO Turritella will be chartered and operated by NYK and Mitsubishi for Royal Dutch Shell’s Stones project, an ultra-deep sea

A specialist in distressed assets has expressed interest in buying over some debts of troubled South Korean dry bulk shipping outfit Daebo International Shipping.
Robert Southey, co-founder of UK-based Trench Capital Partners, told IHS Maritime that his firm is contacting as many of Daebo’s