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

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.

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