Ezra, Chiyoda form JV

Singapore-listed offshore services provider Ezra Holdings (Ezra) has signed a memorandum of understanding (MOU) with engineering company Chiyoda to establish a joint venture (JV) in the subsea service market.
It will be called EMAS Chiyoda Subsea, formed by Ezra’s subsea services business, EMAS AMC

Wan Hai forms JV in Peru

Taiwanese carrier Wan Hai Lines has partnered with Transtotal Agencia Maritima to set up a joint-venture (JV) company in Lima, Peru.
Wan Hai Lines Peru SAC, operative since August, will provide direct services to local clients, said Wan Hai.
The company chose Peru for the JV because the country

CSCL’s 1H15 profit down 97%

China Shipping Container Lines (CSCL)’s profit plunged 97% year on year (y/y) to CNY14.3 million (USD2.2 million) in the first six months of 2015 because of less investment income.
CSCL’s revenue fell 9% y/y to CNY16.0 billion during the same period because of falling shipping freight rates, a