Keppel to Focus on its Asset Management Businesses
Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business. In a major restructuring…
Profit Warning of China Shipping Container Lines
China Shipping Container Lines (CSCL) has released a profit warning stating that it expects to close the financial year 2015 with a net loss of about 2.8 billion…
Colombo Port Boosts Volumes
The Chinese-built Colombo International Container Terminals (CICT), which opened for business in 2014, has made significant gains in container handling last year surpassing 1.5 million TEUs…
John Kerry Off to Asia to Address Maritime Issues
U.S. Secretary of State John Kerry is pressing for peaceful resolutions to increasingly tense maritime disputes in Asia, reports AP. Kerry arrived in the Laotian…
Venezuelan ship VMF Alita Sank off near Panama
A ship Venezuelan flag, name VFM Alita sank last week in Caribbean waters of the Panama Canal after colliding with another anchoring vessel, which caused hole above the waterline and water ingress.
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry.
Port Tampa Bay to Reap Fruits of Expanded Panama Canal
Port Tampa Bay is spending $21.5 million on a pair of new cranes that will be able to unload bigger container ships, and it is investing millions more to make it…
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