Malaysian shipping group MISC has refuted rumours that it could sell its subsidiary AET Tankers. As early as last year, there was talk that MISC would sell AET Tankers so it could focus on LNG ...
MISC refutes AET Tankers sale talk
Rickmers Maritime Trust profit down 29% in 1Q15
Singapore-listed Rickmers Maritime Trust saw its 1Q15 profit drop 29% year-on-year to USD7.03 million. The trust, led by Thomas Preben Hansen, cited lower charter rates on six ships. Five of those ...
EU migrant resource funding ‘not sufficient’
The European Council has announced that it will triple the funding and assets of Europe's border patrol operations, but the shipping industry has responded that this will not be sufficient to tackle ...
HMM cancels Newcastlemax orders
Hyundai Merchant Marine (HMM) said on 24 April it has cancelled two Newcastlemax dry bulk carriers that it ordered in 2013. South Korea's second-biggest shipping company explained in a Korea Exchange ...
Seacor posts $20m loss for Q1 2015
Worsening conditions in the offshore market in the first quarter of 2015 led to a USD19.6 million loss for vessel operator Seacor. The loss, revealed on 23 April, compares with a USD40.1 million ...
Energy leaders defend coal
Greg Boyce, CEO of US major Peabody Energy, and Ernie Thrasher, CEO of Xcoal & XLNG Energy, defended the coal business at CERAWeek after the commodity was repeatedly dismissed as an option for the ...
TIPC partners with Japan’s Naha port
Taiwan International Ports Corporation (TIPC) on 21 April inked a memorandum of understanding (MOU) with Japan's Naha port to enhance co-operation. This is TIPC's first MOU with a Japanese port, which ...
Colombia releases Chinese ship, holds captain
Colombia has freed Da Dan Xia, COSCO Shipping's heavy-lift vessel involved in an illegal arms transport, and has ordered the ship to head to Havana, Cuba, on 21 April. The ship was detained in ...
Hong Kong terminal calls for joint effort to curb throughput drop
Hongkong International Terminals (HIT) has called for joint efforts to address a year-on-year (y/y) drop of 9.8% in throughput at Kwai Tsing container port. The drop in throughput at the port during ...
Industry gathers to discuss shipping trend
Shipping trends for the next five years will be linked to macroeconomic factors driven by the US shale oil revolution, China's rising demand, and falling prices of crude oil, said the maritime ...
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