CSSC chairman resigns

Shanghai-listed China State Shipbuilding Corporation (CSSC) announced on 18 May that its chairman Hu Wenming resigned.
According to the company’s filling to the Shanghai Stock Exchange, his new position has not been released.
Hu also resigned from his role as the director and member of the

Mermaid Maritime posts losses for 1Q15

Singapore-listed offshore services provider Mermaid Maritime posted a loss of USD15.9 million for the first quarter that ended on 31 March, compared with a net profit of USD5.2 million in the same period last year.
The company’s service income fell by 4.6% to USD60.8 million in the first quarter of

SK Shipping’s 1Q15 profit surges 876%

South Korea’s third-biggest shipping company SK Shipping said on 18 May that its net profit in the first quarter in 2015 jumped 876% year on year (y/y) to KRW28.5 billion (USD25.6 million).
Operating profit, which are earnings from the company’s core business, rose 82% y/y to KRW57.5 billion.