Industry News

Hanjin Shipping has returned to the black for the first quarter of 2015, posting a net profit of KRW22.9 billion (USD21 million), reversing its first-quarter 2014 loss of KRW224.5 billion.
The biggest container shipping company in South Korea reported total sales of KRW2.1 trillion and an operating

Singapore-listed shipowner First Ship Lease Trust (FSL Trust) has posted a profit of USD5.09 million for the first quarter that ended on 31 March 2015, returning to black after incurring a loss of USD4.95 million in the first quarter of 2014.
Revenue increased 10.5% year on year (y/y) to USD24.78

Malaysia-listed offshore services provider Tanjung Offshore has redesignated Tan Kean Soon as new executive deputy chairman of the company effective 12 May, according to the company’s filing to Bursa Malaysia.
Tan was a former executive director of the company, but was suspended for three weeks

China Transport Telecommunications & Information Centre (CTTIC), a company affiliated with China’s Ministry of Transport, launched Myships.com, China’s independently developed maritime information service platform.
The platform is constructed on the basis of vessel positions, tracking as many as