China International Marine Containers Group (CIMC)'s offshore engineering unit's profit has slumped 62% year on year (y/y) to CNY18.7 million (USD2.9 million) in the first six months in 2015 because ...
CIMC’s offshore engineering unit 1H profit down 62%
CIMC Enric to acquire Nantong Sinopacific Offshore Engineering for at least $109m
CIMC Enric has struck a deal with Evergreen Holding and its subsidiaries to acquire Nantong Sinopacific Offshore Engineering (SOE) for at least CNY700 million (USD109 million) in cash and shares. The ...
Top Ten Maritime News Stories 28/08/2015
Posted on: Friday, August 28th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 28/08/2015 1. Passenger Deaths in Ferry Collision Eight people are dead after a ferry capsized and ...
Erika closes Puerto Rico ports
Eastern and northern ports in Puerto Rico were closed early on 27 August by the US Coast Guard (USCG) due to the passing of Tropical Storm Erika. Ports that are affected by closure conditions, known ...
SIPG’s 1H15 profit up 5.65%
Shanghai-listed Shanghai International Port Group (SIPG) posted a profit of CNY3.1 billon for the first half of 2015, up 5.65% on a year ago. The company's revenue and earnings per share also improved ...
Fujian Guohang Ocean Shipping plans to expand into oil shipping
Fujian Guohang Ocean Shipping (Group), a Chinese dry bulk carrier owner, plans to expand into the oil shipping business by setting up an oil carrier in Tianjin, China. The company said it has taken ...
New Cargo Strategy for Ultra-Large Container Ships
By MarEx 2015-08-27 22:52:15 Lloyd’s Register (LR) is classing the world’s largest-ever container ships – led by a recent contract to oversee the building of six ultra-large container ships (ULCS) ...
Singapore: Cash Buyer Says Norway’s Stance Paradoxical
By Wendy Laursen 2015-08-27 20:47:22 The recent statement from the Norwegian Shipowners Association (NSA) regarding a ban on the beaching method of recycling ships used in the Indian sub-continent ...
Chinese Human Traffickers Get Life Sentence
By MarEx 2015-08-27 19:42:28 Forty-five people have been sentenced in China’s Xinjiang Uygur autonomous region in relation to human trafficking and attempts to go overseas to participate in jihadist ...
Watching Waters Rise Right Outside the Front Door
By MarEx 2015-08-27 19:02:39 For the past two centuries, two trends have been steady and clear around the United States. Sea level has been rising, and more people have been moving closer to the ...