Imports strengthen at LA ports

Box imports are making significant gains at America’s largest container complex while lingering congestion may still be hampering exports.
Import boxes at the Port of Los Angeles increased 31.5% year-on-year in March to 430,898 teu, and jumped 42.1% to 317,520 teu at Long Beach – both port records

Pan Ocean to amend rehabilitation plan

South Korean bulker operator Pan Ocean said on 17 April that it is amending its rehabilitation plan and will submit the revised plan to the South Korean courts next week.
Key terms of the revised plan, such as discount rate of cash repayment and decision of reduction of capital, will be disclosed

Keppel rides on short-term vibe

Investors are urged to accumulate Singapore-listed marine, property, and infrastructure company Keppel Corporation’s (Keppel) stock, which is riding on a short-term momentum.
Malaysia-headquartered CIMB Bank analyst Lim Siew Khee said that Keppel’s share price will continue to inch up in the near

Japanese yard orders down 36%

Orders at Japanese shipyards fell 36% year on year (y/y) in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market.
Figures from the Japan Ship Exporters’ Association (JSEA) showed its member yards clinched 30 export orders