Jurong Shares Surge on Newbuilding Order
Jurong Shipyard shares reportedly surged more than eight percent, or Singapore $0.60, to a year high of S$8.10 morning on hopes that the yard had won a multi-million dollar new building order.
Cruise Line Signs 10 Year Hong Kong Pact
The cruise line unit of Malaysia's Genting Bhd -- Star Cruises Plc reportedly signed a 10-year agreement with Wharf (Holdings) Ltd to berth in Hong Kong.
Seascope CEO To Retire
Shipbroking group Seascope Shipping Holdings Plc said that Tom Young, CEO and chairman, would retire from the roles and become non-executive chairman from September 30.
Jurong Reportedly Close To Six Ship Pact
Jurong Shipyard is reportedly close to signing an order to build six new containerships.
State of the Art Container Terminal To Come To Amsterdam
The Amsterdam Port Authority reportedly has been given final approval to build a new state-of-the-art container terminal. The terminal is said to require a total investment $182.5 million.
World Steel Output Down
World steel output totaled 62.2 million tons in April, 4.3 percent down on the same month last year and 1.7 percent less than in March, the International Iron and Steel Institute (IISI) .
