German container line Hapag-Lloyd returned to profit in the first quarter of 2015, buoyed by a steep drop in fuel costs and first operational synergies with the CSAV container shipping business it ...
Hapag-Lloyd swings to first quarter profit
Vard records $30m loss in 1Q15
Singapore-listed Norway-based shipbuilder Vard Holdings has posted a loss of NOK226 million (USD30 million) for the first quarter ended 31 March 2015, compared with a profit of NOK85 million in the ...
Delfin applies for first US floating LNG port
Delfin LNG has applied to the US Maritime Administration (MarAd) and the US Coast Guard (USCG) to approve what will be the first US deepwater floating LNG port. The proposed Port Delfin, about 80 km ...
COSCO launches new China-ASEAN service
COSCO has started a new service from Yueyang, a city by the Yangtze River in Hunan province, to Vietnam and Thailand on 2 May. The 150-teu box ship COSCO 01 commenced its voyage from Yueyang, and is ...
SapuraKencana bags new contracts worth $269m
Malaysia-listed oil and gas services provider SapuraKencana Petroleum has been awarded contracts with a combined value of up to MYR969 million (USD269 million). According to its filing to the ...
Swissco posts profit of $21.87m in 1Q15
Singapore-listed offshore marine services provider Swissco Holdings has posted a profit of USD21.87 million in the first quarter ended 31 March 2015. The profit after income tax of USD21.87 million ...
Top Ten Maritime News Stories 13/05/2015
Posted on: Wednesday, May 13th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 13/05/2015 1. More Massive Offshore Lay Offs Subsea 7, the London-based seabed to surface ...
Caution urged on tanker orders
Despite the recovery in oil tanker freight rates, a ship broker has cautioned shipowners against rushing to build new ships. After ending 2014 at a positive note, the oil tanker market has continued ...
ASL Marine’s 3QFY15 profit plunges 57.5%
Singapore shipbuilding group ASL Marine said on 12 May that its profit for the third quarter of financial year (FY) 2015 fell 57.5% to SGD2.1 million (USD1.57 million) as demand for offshore support ...
Sainty Marine loses order for four ships
Shenzhen-listed Sainty Marine lost an order from Universal Marine for four 2,350 teu container ships due to the shipowner's failure to secure financing for the order. The shipbuilder and the Dutch ...
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