Navy League Sea Air Space Expo Panel

On April 14, 2015 at the Navy League’s annual Sea-Air-Space Exposition, Maritime Administrator, the Honorable Paul ‘Chip’ Jaenichen, Sr.  moderated a panel of distinguished experts from the U.S. military, Congress, and the maritime industry, entitled Framework for the Future:

Asia-Europe battleground heats up

The crash in freight rates on the major Far East westbound routes continues today with more double-digit slides reported by the Shanghai Shipping Exchange.
Its freight index SCFI showed another 14% drop in average spot rates on the Shanghai/North Europe run to only USD399 per teu while the

Two die at Shanghai shipyard

Two workers died and two were severely injured when a ship block fell at Shanghai’s Hudong Zhonghua Shipyard-owned Changxing Shipbuilding on 15 April.
Local media reported that a hoist crane at the yard toppled over and dropped the ship block crushing the workers below.
One victim, a 32-year-old

Imports strengthen at LA ports

Box imports are making significant gains at America’s largest container complex while lingering congestion may still be hampering exports.
Import boxes at the Port of Los Angeles increased 31.5% year-on-year in March to 430,898 teu, and jumped 42.1% to 317,520 teu at Long Beach – both port records

Pan Ocean to amend rehabilitation plan

South Korean bulker operator Pan Ocean said on 17 April that it is amending its rehabilitation plan and will submit the revised plan to the South Korean courts next week.
Key terms of the revised plan, such as discount rate of cash repayment and decision of reduction of capital, will be disclosed

Keppel rides on short-term vibe

Investors are urged to accumulate Singapore-listed marine, property, and infrastructure company Keppel Corporation’s (Keppel) stock, which is riding on a short-term momentum.
Malaysia-headquartered CIMB Bank analyst Lim Siew Khee said that Keppel’s share price will continue to inch up in the near