Jackup rig and liftboat specialist Hercules Offshore has filed a Chapter 11 reorganisation plan after being hit hard by languishing oil prices. The pre-packaged plan, filed 13 August, provides for ...
Hercules files reorganisation plan
SCI continues to hit profit trail
Government-owned Shipping Corporation of India (SCI) has continued to hit the profit trail, posting a net profit of INR1.63 billion (USD25 million) for the first quarter ending 30 June 2015, ...
Lauritzen issues profit warning
J Lauritzen Holding, the privately-owned Danish dry bulk and small LPG carrier owner, has issued a profit warning after reporting deep interim losses and booking a heavy impairment charge. Group net ...
Union wins court injunction against Hutchison Ports Australia
The Australian Federal Court yesterday, 13 August, granted a temporary injunction preventing Hutchinson Ports Australia making 97 dockworkers in Brisbane and Sydney redundant. Workers at both ...
Pan Ocean ends 2Q15 in red
Singapore-listed shipowner Pan Ocean plunged to a loss of USD157 million for the second quarter ending 30 June 2015 from a profit of USD323.9 million in the same period a year ago. Its revenue ...
CMES profit surges 120% y/y in 1H15
China Merchants Energy Shipping (CMES) has announced its profit surged 120% year-on-year to CNY558.3 million (USD87.2 million) in the first half of 2015. This resulted from the prosperity in the ...
EU deal means Greece also faces shipping tax increase
The new bailout deal between the Greek government and creditors includes measures in which Greece's shipping industry will also be subjected to tax rises. Among other measures, tonnage tax - for ships ...
Otto Marine dives into $2.5m loss in 2Q15
Singapore-listed offshore services provider Otto Marine posted a loss of USD2.5 million for the second quarter ended 30 June 2015, from a profit of USD18 million recorded in the same period in ...
Indonesia nabs slave ship
In a sign of increasing government toughness against the use of slave labour in the fishing sector, the Indonesian navy has pursued and seized a vessel believed to have been involved in the ...
Indonesia seizes ‘slave’ vessel
In a sign of increasing government toughness against the use of slave labour in the fishing sector, the Indonesian navy has pursued and seized a vessel believed to have been involved in the ...
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