Taiwanese Evergreen Marine Corp announced that it will partner with COSCO and China Shipping Container Lines (CSCL) in launching a joint China-Surabaya Express (CSX) Service. In its 15 May ...
Evergreen, COSCO, CSCL launch CSX service
UOB Kay Hian: ‘Sell’ for Nam Cheong
Singapore-based brokerage house UOB Kay Hian has recommended investors to sell offshore services provider Nam Cheong's stocks in view of its lower net profit and weak business outlook. Analysts from ...
Precious Shipping posts $10m loss in 1Q15
Thai dry bulk shipping company Precious Shipping has reported a consolidated net loss of THB335.69 million (USD10 million) in its first-quarter 2015 results. This contrasts sharply with a net profit ...
COSCO, APM Terminals, ICTSI to bid for Piraeus port
Greek government has invited three companies to submit binding bids by September for a 51% stake of the country's largest port Piraeus, according to Chinese media on 15 May. The three potential buyers ...
Top Ten Maritime News Stories 15/05/2015
Posted on: Friday, May 15th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 15/05/2015 1. Iran Fires on More Shipping Another cargo ship has come under fire from Iranian ...
Courage Marine deepens into loss in 1Q15
Singapore-listed dry bulk owner Courage Marine posted a loss of USD2.38 million for the first quarter ended 31 March 2015, up 136% year on year (y/y) from its loss of USD1.01 million in the first ...
Ezion may lose rig charters in Mexico
Singapore-based offshore oilfield service provider Ezion Holdings said it expects to lose some charter contracts for its rigs in the Gulf of Mexico. The company, which first-quarter 2015 profit dipped ...
Otto Marine posts loss for 1Q15 despite higher earnings
Singapore-listed offshore services provider Otto Marine posted a loss of USD13.27 million for the first quarter that ended on 31 March 2015 despite recording higher revenue for the period. Revenue ...
EMEA shipping, UN urge Southeast Asia to obey SAR law
As Europe's migrant agenda is unveiled, international shipping and the UN call on Southeast Asian governments to ensure they meet their search and rescue obligations under international law. Speaking ...
Bank sues Sainty Marine over $48m loan
Shenzhen-listed Sainty Marine has been sued by Bank of Jiangsu over a CNY300 million (USD48 million) loan dispute, the first lawsuit brought against the company in the wake of a series of defaults on ...
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