Malaysian floating production specialist Yinson Holdings said on 30 July that it will buy the FPSO Four Rainbow. The transaction will be done jointly with Four Vanguard Servicos E Navegacao LDA, the ...
Yinson to buy FPSO Four Rainbow
Upbeat d’Amico reports strongest first half since 2008
d'Amico International enjoyed its best first half since 2008 with group net profit rising to USD18.7 million in 2Q15 from a mere USD1.7 million in the same period last year. The Luxembourg-based ...
Non-compliant fuel usage in EU SECAs ‘rather limited’
The use of non-compliant fuel in European Union sulphur emissions control areas (SECAs) has been "rather limited", according to data communicated to IHS Maritime by the European Commission. Following ...
Sinopacific hires new CEO, COO
Sinopacific Shipbuilding Group announced on 29 July that Jiang Qiang was named as the new CEO replacing Liang Xiaolei, and Wang Jianding will be the group's new Chief Operation Officer (COO). The ...
Japan’s ‘Big Three’ post higher profit for April–June
Japan's 'Big Three' shipping companies - Mitsui OSK Lines (MOL), NYK Line, and Kawasaki Kisen Kaisha ('K' Line) - all posted a higher profit for the three months ending 30 June. As Japan's financial ...
Top Ten Maritime News Stories 31/07/2015
Posted on: Friday, July 31st, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 31/07/2015 1. Big Three Make Big Profits Japan’s “big three” shipowners – Mitsui OSK Lines (MOL), ...
Yangzijiang Shipbuilding continues to divest non-core businesses
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding continues to dispose of holdings in its non-core businesses, and invest in companies that have better synergies. Yangzijiang has disposed ...
Mitsubishi Heavy Industry’s shipbuilding unit gains higher earnings for April–June
The profit of Mitsubishi Heavy Industries' (MHIs') shipbuilding unit increased year on year (y/y) for April to June 2015. As Japan's financial year starts on 1 April, April to June marks the first ...
Five firms keen on Davao Sasa port modernisation
Five firms have submitted pre-qualification documents to modernise Davao Sasa port, the Public-Private Partnership (PPP) Center of the Philippines said in a statement. Three joint ventures (JVs) and ...
Analyst: HMD’s profit masks true picture
Despite avoiding the red ink that tarred South Korea's big three shipbuilders, Hyundai Mipo Dockyard's (HMD's) profit in the second quarter of 2015 camouflages its actual situation, said a sector ...