Boxship charter market past the peak?

Average charter rates for tramp container vessels are starting to see greater downward pressure as fixing activity slows down, according to shipbrokers. The ConTex, published by the Hamburg Shipbrokers and Ship Agents’ Association VHSS, closed last week with a marginal 0.2% loss at 567 points.

Outlook uncertain for Doosan Engine

Uncertainties linger for South Korea’s Doosan Engine as its shipbuilding customers see orders declining year-on-year, according to a shipping analyst.
After visiting the company, Samsung Securities analyst Youngsoo Han said the company’s earnings and orders “are both likely to improve

Chinese tug fire kills two, injures one

Two workers died while another was injured when a fire broke out on a tug under construction at Bengbu Shenzhou Machinery (formerly known as Bengbu Shipyard) in Anhui Province, China, on 11 June.
The accident took place at 17:20 h local time when dozens of workers were working in the cabin.

Harim moves towards Pan Ocean takeover

South Korean poultry processor Harim Group is closer to acquiring compatriot bulker operator Pan Ocean.
Seoul Central District Court announced on 12 June that a rehabilitation plan has been passed as 87% of Pan Ocean’s creditors’ committee and 61.1% of the company’s stakeholders agreed to it.