Westports container throughput surges 17%

Malaysian port operator Westports Holdings (Westports) has seen a 17% year-on-year growth in its container throughput to 2.26 million twenty-foot equivalent units (TEU) for the first quarter that ended 31 March 2015.
The company’s transshipment volumes also rose by 20% y/y, reflecting the positive

Cosco Corp profit drops 82% in 1Q15

Singapore-listed Chinese shipbuilding and dry bulk shipping group Cosco Corporation Singapore (Cosco) posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first quarter that ended 31 March 2015.
Revenue also dropped 5% to SGD990,000 in 1Q15 as compared to SGD1.04

Another tanker hijacked for fuel

In the fifth incident of its kind this year, a tanker was attacked and had its fuel siphoned off Port Dickson, Malaysia, on 2 May.
Singapore-headquartered anti-piracy watchdog, ReCAAP Information Service Centre (ReCAAP ISC) said that the Singapore-registered products tanker, Ocean Energy, departed

Osaka’s throughput tumbled in January

The Port of Osaka in western Japan saw its cargo traffic plummet 10.4% in January from a year earlier to 6.558 million tonnes, according to figures released by the Osaka municipal government on 30 April.
Of the 6.558 million tonnes, 2.914 million tonnes came from foreign trade, down 7.1% from a