Industry News

Listed Norwegian shortsea bulk carrier operator Wilson has entered into a refinancing agreement worth EUR175 million (USD192 million) that includes EUR20 million to cover costs of new projects.
The agreement, which was signed with DNB and SR Bank, will replace an existing mortgage finance-based

Container lines have their backs against the wall as they rally behind sharp general rate increases (GRI) for the Far East and Europe trade later this week.
Following three unsuccessful attempts over the past months, carriers will be pushing for hikes of between USD730 and USD1,300 teu on spot

Singapore-listed port operator Hutchison Port Holding Trust (HPH Trust) posted a loss of HKD16 million (USD2.06 million) for the financial year ended 31 December 2014.
This represents a huge tumble compared with its HKD3 million profit in 2013, due to the recognition of one-off impairment loss.

Shanghai-listed China CSSC Holdings has announced net profits of CNY124 million (USD20 million) for the first quarter of 2015.
This figure, announced 24 April, represents a jump of 349.9% from the previous year and more than the total CNY44.2 million net profit for the whole of 2014.
The company’s