Hong Kong-listed Sinotrans Shipping incurred a loss of USD18.3 million for the first six months in 2015 because of the depressed bulk shipping market in early 2015. Revenue dropped 19% year on year ...
Sinotrans Shipping sinks to $18.3m loss in 1H15
Singapore awards $1.86m in maritime scholarships
The Singapore government, in collaboration with maritime businesses and local seafarer unions, on 13 August awarded SGD2.6 million (USD1.86 million) in maritime scholarships for students taking up ...
Maersk facilities suffer damage in Tianjin blast
Shipping company Maersk's facilities at the Tianjin port suffered minor damage from the explosions at Tianjin port on 12 August. However, the company confirmed that all its employees in the port city ...
Investment gains save Germany’s DVB
Soaring profit from financial trading helped German ship and aviation financier DVB Bank to post stable first-half earnings despite a drop in net interest income and a major arbitration ...
DS Norden to adjust newbuilding deliveries on weak dry bulk market
DS Norden, the listed Danish dry cargo and product tankers group, said it would seek to postpone deliveries of its newbuildings due to prolonged weakness on the dry bulk shipping market. "For the time ...
APMT invests in Colombia terminal
Maersk affiliate APM Terminals is injecting USD200 million at Cartagena Terminal in Colombia as evidence of its confidence in continuing growth in Latin America. APMT and Compania de Puertos Asociados ...
Rickmers Maritime sees red in 2Q15
Singapore-listed shipowner Rickmers Trust Management (Rickmers Maritime) suffered a loss of USD15.7 million for the second quarter ended 30 June 2015 from a profit of USD16 million in 2Q14. The loss ...
Great Eastern profits surge on back of tanker rally
Indian owned Great Eastern Shipping has reported a 45% surge in net profit of INR3.2 billion (USD49 million) on the back of a higher revenue of INR10.2 billion. Revenue amounted to INR9.06 billion ...
Pacific Radiance profit tumbles by 88%
Singapore-listed offshore services provider, Pacific Radiance saw its profit tumble to USD3.8 million down 88% year-on-year for the second quarter ended 30 June 2015. Revenue dropped by 29% to USD34.8 ...
Vard secures fishing vessel order
Vard Holdings has announced it has secured a contract worth approximately NOK60 million, to build a state of the art Gill Netter. The 34 m fishing vessel will be built at Vard's Braila shipyard in ...
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