Singapore-listed offshore services provider Otto Marine has issued profit warning for its first quarter that ended on 31 March 2015 in its filing to the Singapore Exchange. The company has attributed ...
Otto Marine issues profit warning for 1Q15
‘Hold’ for MISC shares
An analyst from the Malaysia-headquartered CIMB bank has recommended a 'hold' status for shipping line MISC because of the low revenue from its LNG and chemical tankers segments. Raymond Yap cited ...
Philippines beer-giant to develop Davao port
Davao port in the Philippines could be developed and run by the country's beer-maker San Miguel Corporation, sources have confirmed. "San Miguel bought bid documents for the Davao Sasa Port ...
Philippines shipping escapes wrath of Typhoon Noul
Typhoon Noul, locally known as Typhoon "Dodong", has had a limited effect on shipping in the Philippines despite being one of the stronger storms to affect the Southeast Asian country this year. The ...
Malaysia Detains 1,018 Refugees
By Reuters 2015-05-11 03:34:26 Malaysia detained more than a thousand Bangladeshi and Rohingya refugees, including dozens of children, police said, a day after authorities rescued hundreds stranded ...
Maersk Line appoints new North Asia CEO
Maersk Line announced on 8 May that Robbert Van Trooijen will take the position as regional CEO of Maersk Line North Asia effective from 1 July. Robert will replace Tim Smith who will take on the role ...
Vallianz records 119% earnings growth
Singapore-listed offshore services provider Vallianz Holdings' revenue increased by 119% to USD60.7 million for the first quarter of 2015 that ended on 31 March 2015. Despite the huge gain in ...
Top Ten Maritime News Stories 11/05/2015
Posted on: Monday, May 11th, 2015 By: Szymanski Seacurus Daily: Top Ten Maritime News Stories 11/05/2015 1. BIMCO Sees Scrapping Spike Capesizes are set for a record year of demolition, shipowning ...
MODEC sees asset integrity as solution
Facing short-term headwinds from the drop in oil prices and intense competition, Japanese floating production systems lessor MODEC said it will develop asset integrity to overcome the challenges. The ...
China Agrees Port, Rail Projects in Russia
By Reuters 2015-05-11 00:05:40 A China Railway Construction Corp Ltd (CRCC) unit has signed a memorandum of understanding to build rail and port projects in Russia, the firm said in a stock exchange ...
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