Seoul launches Sewol salvage tender

South Korea’s Ministry of Oceans and Fisheries posted a tender notice on 22 May for selecting a salvage company to hoist the capsized ferry Sewol.
In a press statement, the ministry said, “To work with a company equipped with the best available technology, experts will scrutinise applicants’

Alam Maritim net profit down 43%

Malaysia-listed offshore services provider Alam Maritim Resources posted a net profit of MYR8.65 million (USD2.41 million), down 43% year on year (y/y) for the first quarter ended 31 March 2015.
The decline in profit was followed by lower revenue, which dropped 6% y/y from MYR79.2 million in

Mokpo New Port seeks terminal operator

As South Korea’s Mokpo New Port opens a new car carrier terminal in June, the port will be choosing a terminal operator through competitive bidding.
In a press statement, Mokpo regional maritime affairs and fisheries office said, “In the land area of 96,000m², the terminal will be a 30,000-tonne