With no signs of a let-up in the austerity measures implemented by oil and gas companies, Singapore-based offshore oilfield service company Pacific Radiance's earnings over the next two years are ...
Austerity drive hits Pacific Radiance
UOBKayHian recommends ‘sell’ for Nam Cheong
Singapore-based brokerage house UOBKayHian has recommended investors to sell off their stocks of Nam Cheong in view of the potentially weaker earnings for the offshore services provider in the first ...
Seoul starts Sewol pre-salvage work
South Korean authorities have begun pre-salvage work for the capsized ferry, Sewol. The Ministry of Oceans and Fisheries (MOF) said on 7 May that a taskforce comprising itself, the Ministry of Public ...
Cuba Flaunts Oil Wealth, U.S. Uninterested
By Reuters 2015-05-07 23:46:42 Cuba unveiled new data this week it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in ...
Sainty Marine defaults on more bank loans
Shenzhen-listed Sainty Marine has reported additional defaults on an aggregate of CNY57.3 million (USD9.2 million) bank loans as a result of tight liquidity. A stock filing of the company said on 8 ...
Yokohama throughput steady in February
The cargo traffic at Japan's port of Yokohama remained flat year on year (y/y) in February at 9.53 million tonnes, according to figures released by the Yokohama municipal government on 7 May. Of the ...
Blue Whales “Play Dead” for Ships
By Wendy Laursen 2015-05-07 20:28:27 They could easily swim away; they could easily dive below; but instead it seems that blue whales play dead when a ship approaches, and in doing so, they leave ...
First Hand Account of Alang Shipbreaking
By MarEx 2015-05-07 19:35:57 The Danish Shipowners' Association has visited the notorious Alang Beach in India, where large numbers of ships end their days. It would appear that positive ...
Dredging of Damaged Hudson River Begins Again
By MarEx 2015-05-07 16:48:07 Today, U.S. Environmental Protection Agency Regional Administrator Judith A. Enck announced the start of the sixth, and final, season of dredging of PCB-contaminated ...
Italian Navy Increases Its Armada
By Kathryn Stone 2015-05-07 16:31:26 The Italian navy announced a €3.5 billion ($ 3.9 billion) order today for six multipurpose offshore patrol ships and one logistic support ship in order to renew ...