COSCO launches new China-ASEAN service

COSCO has started a new service from Yueyang, a city by the Yangtze River in Hunan province, to Vietnam and Thailand on 2 May.
The 150-teu box ship COSCO 01 commenced its voyage from Yueyang, and is expected to arrive in Vietnam on 21 May, unloading 50 teu of chemical products, and to Thailand on
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Swissco posts profit of $21.87m in 1Q15

Singapore-listed offshore marine services provider Swissco Holdings has posted a profit of USD21.87 million in the first quarter ended 31 March 2015.
The profit after income tax of USD21.87 million marked a fivefold increase compared with the profit of USD4.14 million in the first quarter of 2014.
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Caution urged on tanker orders

Despite the recovery in oil tanker freight rates, a ship broker has cautioned shipowners against rushing to build new ships.
After ending 2014 at a positive note, the oil tanker market has continued its strong performance in the first quarter of 2015, noted Banchero Costa.
IHS Maritime’s
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