ATB oil terminal expands

A second phase of expanding ATT Tanjung Bin (ATB) oil terminal in the Port of Tanjung Pelepas, Malaysia, has been completed, adding 262,000 m³ to its storage capacity.
With 12 new tanks, the completed terminal has 1.15 million m³ of storage capacity and six marine berths able to accommodate very

Swissco almost quadruples 2Q15 profit

Singapore-listed offshore services provider Swissco Holdings’ profit for the second quarter of 2015 was USD13.2 million, an increase of almost fourfold from the profit of USD3.6 million in the same period a year ago.
The company’s revenue for the same period was USD18.4 million, with revenue

Epic Gas plunges into $2m loss

Singapore-headquartered shipowner Epic Gas deepened into a net loss of USD2 million for the second quarter ended on 30 June 2015 from a loss of USD1.4 million last year, despite higher revenue contribution for the period.
Revenue rose by 20% year on year (y/y) to USD32.9 million in the second

Chinese ports’ growth ebbs in 1H15

Thirty large ports in China handled a total of 5.67 billion tonnes of cargo in the first half of 2015, up 2.6% year on year (y/y), a slowdown from last year’s 5.6% annual growth, showed data released by the Ministry of Transport (MOT).
As 19 coastal ports handled 3.94 billion tonnes of cargo,

Dispatches No. 256

InterManager AGM

07th September 2015 – London

1400 – 1730 at Norton Rose Fulbright

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International Shipowning and Shipmanagement Summit

08th September 2015 – London

0900 – 1700 at Norton Rose … (Read more…)