By MarEx 2015-07-07 11:18:54 A.P. Moller-Maersk announced it will be selling its stake in Danish shipping company ESVAGT, an offshore support company involved in emergency response and rescue, oil ...
Maersk to Sell Esvagt for $610m
Rolls-Royce share slumps after third profit warning
In an inauspicious start to his reign, new Rolls-Royce CEO Warren East has informed the London Stock Exchange that the British engineering group's projected 2014 bottom line will be in the ...
Container Shipping Lucky to Break Even in 2015
By MarEx 2015-07-07 09:20:43 A toxic mixture of overcapacity and weak demand as well as aggressive commercial pricing is threatening liner shipping industry profitability for the remainder of 2015 ...
Philippines Finds Chinese Buoys in Disputed Waters
By Reuters 2015-07-07 08:56:50 The Philippine navy recently found a large steel marker bearing Chinese inscriptions and hundreds of yellow buoys in waters near the Reed Bank, an area of the South ...
ShinaSB makes second attempt at sale
South Korean mid-tier shipbuilder ShinaSB is up for sale again, after a previous sale attempt fell through. Potential buyers submitted letters of intent to ShinaSB's shareholders on 30 June and ...
EMAS Offshore records net profit of $5.18m
Singapore-listed offshore services provider EMAS Offshore has posted a net profit of USD5.18 million for the third quarter that ended on 31 May 2015, as compared with a profit of USD0.18 million in ...
Cargo ship runs aground off La Gi, Vietnam
A Vietnam-flagged cargo ship laden with 3,000 tonnes of rice has run aground off La Gi, Vietnam. Hai Truong 36 with IMO registration number 8656154 was stranded at 10 29' 45"N, 107 50' 37"E at 02:00 h ...
Triyards wins liftboat orders worth $175m
Singapore-listed offshore services provider Triyards Holdings has won liftboat orders worth USD175 million. The vessel orders comprise two enhanced BH450 series liftboats, which will be the third and ...
International dry bulk shipping to pick up in the short term
The international dry bulk shipping market is expected to pick up in the second half of 2015, Shanghai International Shipping Institute (SISI) said in a report. However, a recovery to the average ...
Dry bulk shipping market set to pick up
The international dry bulk shipping market is expected to pick up in the second half of 2015, a report from the Shanghai International Shipping Institute (SISI) has predicted. However, a recovery to ...