Australia, Thailand host Indo-Pacific Regional Peacekeeping Exercise
Australia and Thailand are co-hosting a peacekeeping exercise involving over 100 participants from the Indo–Pacific region from 9-20 May 2016 in Bangsaen, Thailand.
Philly Shipyard to Pay Dividend
Other information: The USD equivalent of NOK 231,177,204 of the dividend is classified for accounting purposes as a repayment of previous paid in share premium.
Scanty Ordering Bodes Well for Tanker Shipping - Drewry
Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to…
Total to Acquire Saft Group
Total and Saft announced today that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and…
Wärtsilä Propulsion for First UK Dual-fuel Ships
he first ever UK domestic dual-fuelled new build vessels will feature fully integrated Wärtsilä propulsion machinery packages. Wärtsilä will also supply extended engineering and site support services.
Bibby Offshore Bags Mega North Sea Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide…
Meyer Turku Back in the Black
After many years with difficulties, Meyer Turku Oy reports positive consolidated earnings again under new Meyer ownership. The audited accounts for 2015 show a profit…
PSA Unveils Incubator Programme for Start-ups
PSA International Pte Ltd today announced the inception of PSA unboXed Pte Ltd (PSA unboXed), its new corporate venture capital arm with an initial fund size of S$20 million.
Two Massive Container Ships Collide
Maersk Line's 292-meter (958-foot) Safmarine Meru and the 318-meter (1,043-foot) Northern Jasper operated by Germany’s Norddeutsche Reederei H. Schuldt GmbH &…
Container Shipping Demand Weakens
The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade.
Dry Bulk Shipping: Improved Frieght Rates Despite Continues Fleet Growth
On 10 February 2016, the Baltic Dry Index (BDI) hit 290. At that point, a bulk carrier regardless of its size, age and fuel-efficient qualities earned a time charter average of USD 2…
Tanker Shipping: Signs of Weakness are Appearing, But Still Money to be Made
Supported by slow fleet growth and ongoing positive refinery margins, VLCC earnings in Q1-2016 were up from a year ago, but down from Q4-2015 as we expected at $58…
No Merger for Ailing Korean Shipmakers
The South Korea government plans to drop its forceful measures to push ailing local shipbuilders to merge with each other as mergers or additional cash outlays to Hyundai Heavy Industries (HHI)…
Cosco Sinks into the Red
Singapore-listed ship repair, marine engineering and dry bulk shipping company COSCO Corporation (Singapore) Limited has recorded a net loss of USD 11.7 million in the first quarter of 2016…
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