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 ...
CSCL’s 1H15 profit down 97%
Uni-Asia forms JVs to grow dry bulk fleet
Singapore-listed investment company Uni-Asia Holdings has formed four new joint ventures (JVs) with its major shareholder Yamasa to acquire four newbuilding Handysize bulk carriers. All four JV ...
CIMC’s offshore engineering unit 1H profit down 62%
China International Marine Containers Group (CIMC)'s offshore engineering unit's profit has slumped 62% year on year (y/y) to CNY18.7 million (USD2.9 million) in the first six months in 2015 because ...
CIMC Enric to acquire Nantong Sinopacific Offshore Engineering for at least $109m
CIMC Enric has struck a deal with Evergreen Holding and its subsidiaries to acquire Nantong Sinopacific Offshore Engineering (SOE) for at least CNY700 million (USD109 million) in cash and shares. The ...
Erika closes Puerto Rico ports
Eastern and northern ports in Puerto Rico were closed early on 27 August by the US Coast Guard (USCG) due to the passing of Tropical Storm Erika. Ports that are affected by closure conditions, known ...
SIPG’s 1H15 profit up 5.65%
Shanghai-listed Shanghai International Port Group (SIPG) posted a profit of CNY3.1 billon for the first half of 2015, up 5.65% on a year ago. The company's revenue and earnings per share also improved ...
Fujian Guohang Ocean Shipping plans to expand into oil shipping
Fujian Guohang Ocean Shipping (Group), a Chinese dry bulk carrier owner, plans to expand into the oil shipping business by setting up an oil carrier in Tianjin, China. The company said it has taken ...
US monitoring Tianjin explosion risks
Owners and operators of US-bound vessels affected by the Tianjin port explosions should assess their ship and cargo for potentially hazardous residues, the US Coast Guard (USCG) has warned. In a ...
Port of Tokyo’s cargo traffic down in May
The Port of Tokyo saw its cargo traffic fall 6.7% in May from a year earlier to 6.797 million tonnes, as foreign trade tumbled at a double-digit rate while domestic trade also declined slightly, ...
APM Terminals makes second quarter profit despite volume fall
APM Terminals this week announced in its second quarter (2Q) interim report an underlying profit of USD159 million despite a volume decrease of 6% compared with 2Q14. The terminal operator attributed ...
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