Hyundai Merchant Marine's (HMM's) planned sale of its controlling stake in Hyundai Securities has been held up by South Korea's Financial Services Commission (FSC). The FSC is seeking clarification ...
HMM’s Hyundai Securities stake sale hits roadblock
Japanese yards’ orders surge in September
Japanese shipyards' orders rocketed 236% in September as shipowners rushed to build vessels in compliance with IMO standards taking effect from July 2016. Japan Ship Exporters Association (JSEA) ...
Japan’s coal imports forecast to withstand nuclear revival
Japan's coal imports for power generation are unlikely to decline even if the country's nuclear plants return online as planned, according to Banchero Costa. A recent report from the Genoa-based ship ...
COSCO and Sevan Drilling agree delay in rig delivery
Chinese shipbuilder COSCO has delayed delivery of a cylindrical ultra-deepwater drilling rig by several weeks. The delay, from 15 October to 1 November 2015, was agreed between COSCO and ...
Malaysian dredgers help catch sand thieves
In a bid to curb thefts of sand from along the Malaysian coastline at Selangor, the Selangor Water Management Authority (LUAS) has enlisted the help of licenced dredgers. Norfaezah Shamsuddin, coastal ...
Hapag slashes IPO target
Container line Hapag-Lloyd has scaled back its initial public offering (IPO) on the German stock exchange amid bleak market sentiment. The world's fifth-largest container carrier now aims to generate ...
Supply chain companies urged to change insular mindset
Logistics and supply chain companies have been told that the biggest challenge the industry faces is their reluctance to collaborate and share data for the benefit of the whole chain. "We need to ...
Supply chain issues highlighted as cause of port congestion
The problem of port congestion cannot be solely attributed to megaships and should be addressed through better industry collaboration and behavioural change across the supply chain, a global ...
Precious Shipping receives discounts on Sanfu vessels
Thailand's Precious Shipping has reached settlement agreements with China's Sanfu Ship Engineering that will save it approximately USD4 million over two soon-to-be-delivered vessels, the dry bulker ...
Rena salvage hearings conclude with acrimony
Hearings on the application for Rena remains to be left on New Zealand's Astrolabe Reef off the port of Tauranga concluded on 9 October, with lawyers representing the Crown and shipowner at odds. The ...
Footer
