CSCL’s profit surges in Q1

China Shipping Container Lines’ (CSCL’s) profit increased more than three times year on year (y/y) to CNY249 million (USD40 million) in the first three months of 2015, as a result of sharply lower operating cost.
CSCL’s revenue fell 9% y/y to CNY7.8 billion during the same period due to scrapping
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Samsung Heavy Denies Merger Plan

By MarEx 2015-04-27 21:16:19 South Korean shipbuilder Samsung Heavy Industries denied on Tuesday a South Korean media report that it will try again to merge with sister company Samsung Engineering later this year. The DongA Ilbo, citing an unnamed Samsung Group official, reported that the two firms will launch another merger attempt in May or…

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FSRUs Gaining Global Popularity

By MarEx 2015-04-27 20:51:07 Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to begin importing LNG in 2015, three of them—Pakistan, Jordan, and Egypt—have chosen to do so using floating regasification rather than building…

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Migrants: Libya is Not Somalia

By MarEx 2015-04-27 20:04:39 Op-ed by David Hammond EU leaders have suggested that military capabilities should be used to deny Libyan human traffickers the use of their boats. The idea, coming from politicians such as the French President, Francois Hollande, Roberta Pinotti, Italy’s defence minister, and EU Migration Commissioner, Dimitris Avramopoulos, is an interesting one.…

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Ferry Safety: IMO Pens “Manila Statement”

By MarEx 2015-04-27 19:28:25 The IMO Conference on the enhancement of safety of ships carrying passengers on non-international voyages, held in Manila, the Philippines, on 24 April 2015, has adopted guidelines to aid the process of reducing the mounting toll of ferry accidents. The Manila Statement, adopted by the Conference, addresses the question of whether…

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Heeding the Lionfish Warning

By Wendy Laursen 2015-04-27 19:06:17 Scientists from NOAA and other research bodies believe that it is very unlikely that ballast water or hull-fouling caused the invasion of the Indo-Pacific lionfish into East Coast U.S. waters. It was more likely the result of releases from aquaria hobbyists. Still, there are lessons to be learned from their…

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