Fujian Shipbuilding Industry Group (FSIG) plans to take public three of its wholly owned subsidiaries.
A state-owned shipbuilding group based in Fujian, China, its three subsidiaries are identified as Fujian Mawei Shipbuilding, Fujian Southeast Shipbuilding, and Fujian Minchuan Marine Ship Industry
Freight rates to ship LPG from the Gulf to Asia Pacific weakened last week as market players awaited Saudi Aramco’s announcement of June contract prices while the exorbitant freight rates deterred Gulf-Asia Pacific fixtures.
On 2 June, the Baltic Exchange assessed the benchmark rate at
Singapore-listed offshore services provider IEV Holdings has raised net proceeds of approximately SGD6.45 million (USD4.79 million) from a rights issue.
According to the company’s filing to the Singapore Exchange (SGX), IEV intends to utilise the net proceeds for the development of the Pabuaran
Cambodia’s second-largest port, Phnom Penh Autonomous Port (PPAP), is on course to be listed on the Cambodia Securities Exchange by November.
Managing director of Tongyang Securities (Cambodia) Han Kyung-tae told IHS Maritime that the company has been helping the port with its listing plan, and
During discussions of alternative fuels at Nor-Shipping 2015, LNG was highlighted as a breakthrough success story, but some speakers called for the focus to be extended to other potentials.
Speaking at the Innovation, Investment and Regulation segment on 2 June, Admiral Paul Zukunft, Commandant of
South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) will be deferring the delivery of two Capesize bulkers and one container ship.
HHIC made the revelations in Korea Exchange filings on 2 June.
The Capesizes, worth KRW 116.9 billion (USD105.6 million) and the container ship,
Hyundai Merchant Marine (HMM) is now left with just one very large crude carrier (VLCC) after selling two VLCCs in May.
South Korea’s second-biggest shipping company confirmed to IHS Maritime that 2005-built Universal Crown and Universal Queen have been sold to compatriot Sinokor Merchant Marine.
Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched a new innovation project in ship design.
The project, named ‘A step forward’, are design innovations developed with an emphasis on safety, user-friendliness, functionality, operability, cost optimisation, fuel