Schahin files for bankruptcy protection

Schahin, China-based ICBC Leasing’s first partner in the Brazilian offshore market, announced on 17 April that 28 of its units have filed for bankruptcy protection in the Sao Paolo state court.
The application was made after the company’s failure to refinance up to BRL6.5 billion (USD2.1 billion)

MOL orders four car carriers

Mitsui OSK Lines (MOL) announced that it has signed a contract with Minaminippon Shipbuilding to construct four next-generation car carriers.
The vessels will be delivered in 2017 and 2018, a statement of the company said on 23 April. The capacity of each vessel is 6,800 units of standard passenger

Tanjung Priok port to be expanded

Indonesia’s new political leadership is serious about its moves on infrastructure, which includes the USD4.66 billion redevelopment and expansion of the existing Tanjung Priok port.
The expansion is expected to turn the port into the gateway port to this huge country of 17,000 islands.
The Port of