Container lines have their backs against the wall as they rally behind sharp general rate increases (GRI) for the Far East and Europe trade later this week. Following three unsuccessful attempts over ...
Carriers in last-ditch effort to restore rates
HPH Trust posts losses in 2014
Singapore-listed port operator Hutchison Port Holding Trust (HPH Trust) posted a loss of HKD16 million (USD2.06 million) for the financial year ended 31 December 2014. This represents a huge tumble ...
China CSSC profits surge 350% in 1Q15
Shanghai-listed China CSSC Holdings has announced net profits of CNY124 million (USD20 million) for the first quarter of 2015. This figure, announced 24 April, represents a jump of 349.9% from the ...
Hanjin Shipping could return to black in Q1
Hanjin Shipping could return to the black in the first quarter of 2015 as the power of cheap oil rubs off on the company, said an analyst. True Friend Korea Investment & Securities analysts Yun ...
Philippines replaces Indonesia to be China’s top nickel trader
The Philippines has replaced Indonesia as the biggest nickel ore exporter to China in 2015, as the result of an export ban on unprocessed nickel ore imposed in Indonesia. In the first two months, ...
Think-tank shares reforms to curb Manila port congestion
The Philippine Institute for Development Studies (PIDS) has proposed several policy and infrastructure reforms to tackle Manila ports' long-standing congestion. The government think-tank, in its ...
Otto Marine creditors file winding-up applications
Singapore-listed offshore services provider Otto Marine stated in its filing to the Singapore Exchange (SGX) that its creditor has filed a winding-up application against the company with the Singapore ...
Scrap prices fall with oversupply, monsoon
Ship recycling is increasingly becoming a buyer's market, as there is no let-up in the number of bulkers being sold for demolition while the imminent South Asian monsoon season would discourage ...
Spreading the word on ballast water management – new free online tools launched
A new online learning portal including a free e-learning course on the Operational Aspects of Ballast Water Management (BWM) was launched today (27 April 2015) by the GEF-UNDP-IMO GloBallast ...
Dredging works off Hong Kong Coliseum begin
Dredging operations has been carried out off Hong Kong Coliseum, Hung Hom, for approximately 10 months, a notice of Hong Kong Marine Department said. The dredging works that started on 23 April are ...
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