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South Korea’s two major shipbuilders — Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. — said that they will strive to boost their profitability via increased orders and continued cost-cutting...

Posted By : Rabi Wangkhem 23 hours 27 minutes ago
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Leading classification society ClassNK has issued EGCSR-F (Exhaust Gas Cleaning System Ready Full) notations to nine ships operated by Mitsui O.S.K. Lines, Ltd.

Posted By : Rabi Wangkhem 23 hours 30 minutes ago
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Hapag-Lloyd closed the 2016 financial year with EBITDA of EUR 607.4 million (previous year: EUR 831.0 million) and an operating result (EBIT) of EUR 126.4 million (previous year: EUR 366.4 million).

Posted By : Rabi Wangkhem 23 hours 35 minutes ago
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Straits Times reported that the Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines.

Posted By : Rabi Wangkhem 23 hours 41 minutes ago
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Platts reported that Supramax freight rates for moving thermal coal from Southeast Asia reached a multi-month high Friday as Chinese imports spiked and Indian coal buyers were steadily active amid tight tonnage supply.

Posted By : Rabi Wangkhem 23 hours 47 minutes ago
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The Gulf of Guinea continues to be one of the most dangerous bodies of water in the world for merchant shipping.

Posted By : Rabi Wangkhem 23 hours 52 minutes ago
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Reuters reported that freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end.

Posted By : Rabi Wangkhem 23 hours 59 minutes ago
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Platts reported t hat over 2000 container industry players descended upon TPM at Long Beach, end February, where one key theme I took away was the hesitancy to embrace price transparency. Existing benchmarking providers...

Posted By : Rabi Wangkhem 1 day 2 minutes ago
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The state privatizations agency said, as the country tries to privatize parts of its infrastructure to meet bailout terms, Greece has received three binding bids for a majority stake in its second-largest port in...

Posted By : Rabi Wangkhem 1 day 7 minutes ago
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Yonhap reported that arguably, it may be a hard choice for policymakers here to salvage cash-hungry Daewoo Shipbuilding & Marine Engineering Co. from falling into a deeper hole given growing skepticism about the...

Posted By : Rabi Wangkhem 1 day 11 minutes ago
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