Shenzhen-listed China International Marine Containers (CIMC) has posted first-half profits up by 46.7% on the same time last year. These amounted to CNY1.5 billion (USD1.13 billion) on revenue up by ...
CIMC first-half profit up nearly 47%
Struggle to continue for South Korea’s Big Three
South Korea's Big Three shipbuilders are not likely to return to the black until 2017 at the earliest, according to an industry analyst. The double blow of overcapacity in shipbuilding and the ...
IMB urges a common worldwide information sharing taskforce
Malaysia-headquartered anti-piracy agency, International Maritime Bureau (IMB) urges for a common worldwide information sharing framework to disseminate crucial details for law enforcement forces to ...
Asian refineries and OPEC bring good news to VLCC owners
Recovery in Asian refinery margins following a sharp fall in July and an expected increase in the demand for oil produced by OPEC members (and thus carried by sea to customers) are both good news for ...
Ro-ros exempted from Indian cabotage regulations
India has exempted ro-ro, LNG, and project cargo vessels from cabotage regulations, opening up the coastal run to foreign vessels. The move follows intensive discussions with auto industry ...
Concordia extends charters of P-Maxes
Concordia Maritime, the listed product tanker owner in the Gothenburg-based Stena sphere of companies, has extended the charters of two P-Max vessels with an undisclosed oil company by 12 months and ...
HHI win LPG carrier order
Petredec Limited has announced today that contracts have been signed with Hyundai Heavy Industries (HHI) to build up to four Panamax VLGC'S. The signed contract is for two firm 78,700 cbm LPG carriers ...
DSME gets boost from Angelicoussis Group
Embattled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received its first orders after posting a massive loss in the second quarter of 2015 (2Q15). Maran Tankers ...
Maritime losses are clear ‘wake-up call’ to underwriters
Losses that have hit the maritime sector this year are a clear wake-up call for underwriters across the world, the chairman of the cargo committee for the International Union of Marine Insurance ...
Chinese shipyard new orders slump
China's shipyards saw orders fall by 68.3% to 15.1 million dwt between January and August compared with the same period of 2014, the China National Association of Shipbuilding Industry (CANSI) ...
Footer
