Singapore-based brokerage house UOB Kay Hian recommended that investors sell their shares of offshore support vessel owner Nam Cheong because of the company's earnings volatility. Analysts from UOB ...
UOB Kay Hian recommends ‘sell’ for Nam Cheong
EA Technique’s profit up 92%
Malaysia-listed marine vessels operator EA Technique posted a profit of MYR7.4 million (USD2.04 million), up 92% for the first quarter that ended on 31 March 2015, compared with MYR3.8 million in ...
Port Otago plans USD22m expansion
New Zealand's Port Otago is the latest to join the race to become one of three or four big ports capable of handling container ships larger than 4,500 teu in the country. Port Otago's NZD30 million ...
Land reclamation at Kaohsiung to start in May
Land reclamation and reinforcement work at wharves S4 and S5 of the Intercontinental Container Terminal Phase 2 of Kaohsiung port is expected to commence in May and finish by end of 2017. Taiwan ...
Bodies of sunken barge victims found
The bodies of two crew members from the sand barge that sank off Malaysia on 20 May have been found. The body of Malaysian crew member Raja Mohammad Firdaus Raja Ikram was found at 03:45 h local time ...
Perdana Petroleum’s profit drops 58.7%
Malaysia-listed offshore services provider Perdana Petroleum posted lower profit for the first quarter that ended on 31 March 2015 at MYR9.08 million (USD2.5 million). The first-quarter 2015 profit ...
Mercator Lines (Singapore) suffers losses again
Singapore-listed dry bulker shipping company Mercator Lines (Singapore) suffered a loss of USD125.3 million for its full financial year (FY) that ended on 31 March 2015, from losses of USD22.7 million ...
Nine rescued from sinking vessel off Gaolan port
Nine crew members of a Chinese cargo vessel were rescued after it sank off Gaolan port in Zhuhai, China, on 21 May. The crew of Yue You Lian 68 were moved to a tug at 20:12 h local time, about 13 ...
Environmental study for Abbot Point expansion starts
Studies for an environmental impact statement (EIS) have begun for the proposed expansion of Abbot Point, Australia's biggest coal port. Located 25 km northwest of Bowen in Queensland, Abbot Point ...
Callao strike continues
There is no sign of a breakthrough in the indefinite dockworkers' strike at the general cargo facility in Callao, Peru, now into its second week. The industrial action by members of the Sturamporpc ...