China COSCO Holdings managed to narrows its loss by 45% year on year (y/y) to CNY1 billion (USD161.2 million) in the first quarter of 2015 because of decreased losses incurred by scrapping of old ...
China COSCO narrows loss in 1Q15
Kim Heng Offshore profit drops 72% in 1Q15
Singapore-listed offshore services provider Kim Heng Offshore & Marine Holdings (Kim Heng Offshore) posted a profit drop of 72% year on year to SGD1.105 million (USD0.83 million) for the first ...
Hyundai Mipo Dockyard on course for profit
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard (HMD) can look forward to a profitable 2015 as the costs of raw materials decrease, analysts said on 29 April. HMD posted a KRW22.49 billion ...
New Scheme Tackles DP Fraud and Specialization
By Wendy Laursen 2015-04-30 00:24:59 The Nautical Institute (NI) has launched a new online platform to handle accreditation for dynamic positioning operators. The move comes after changes effective ...
Vale denies mega-order report
Brazilian iron ore giant, Vale, has disputed a published report that it could lease 50 very large ore carrier (VLOC) newbuilds, more than double its previously stated plans. The Wall Street Journal ...
Tauranga still clearing oil spill
Clean-up operations to remove oil from Port of Tauranga and the New Zealand harbour's inner waterways continue after an oil spill on 27 April. The Bay of Plenty Regional Council's oil response team ...
WWF says Oceans Worth $24 Trillion
By MarEx 2015-04-29 20:11:02 The ocean’s wealth rivals those of the world’s leading economies, but its resources are rapidly eroding, according to a new World Wildlife Fund (WWF) report. The ...
One Dead, Three Hospitalized in Enclosed Space Accident
By Wendy Laursen 2015-04-29 19:49:11 Four people were found unconscious in the cargo hold of a general cargo ship in Hanstholm, Denmark, on Tuesday. One man died, and the others are now in hospital ...
Maritime Cloud Project Kicks Off
By MarEx 2015-04-29 19:01:19 The EU has approved a Danish-led, maritime e-navigation project designed to increase safety and efficiency at sea. The Danish Maritime Authority is to lead the project ...
Greece Considers Selling Ports to Appease Lenders
By Reuters 2015-04-29 16:45:31 Greece's government is considering selling stakes in its two largest ports as a concession to reach an agreement with its lenders and unlock bailout funds, a ...
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