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Kuala Lumpur: A massive write-off from exiting liner shipping dragged MISC into the red for the nine months ending 31 December, 2011. Malaysia’s largest shipowner reported a net loss of RM1.22bn for the first nine months of its financial year compared to RM2.47bn profit the same period a year earlier.
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Singapore: Swire Pacific Offshore Operations (SPO) has entered into newbuilding orders for platform supply vessels (PSVs) and an acquisition deal.
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Gyeongsangnam-do: South Korea's SPP Shipbuilding booked two 52,000 dwt newbuilding product carriers for a total of $73m from a US-based shipowner.
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Kuala Lumpur: Malaysia-based shipowner PDZ Holdings is forecasting lower revenue and profit into the year due to rising bunker fuel costs and scheduled drydocking of two of its vessels.
Headlines
- Ezion secures service rig contract
- HPH Trust matches profit forecast on higher throughput
- Malaysian shipbuilder's earnings plummet
- Kaohsiung box throughput grows in 2011
- Yangzijiang secures seven newbuilding contracts
- Marco Polo plans Jakarta listing for Indonesian arm
- KPCT buys five quay cranes
- Busan box volumes up 9.7% in January
- Precious Shipping inks $100m new loan
- Maersk cuts Asia - Europe capacity by 9%
- Dongfang boss denies fleeing China: Seatrade Asia Week
- Hong Kong box throughput dips in January
- Tanker capacity to grow 6%, rates to stay low
- Sembcorp Marine's yard clinches $213m jack-up rig contract
- Mermaid Marine delivers strong H1 results
- Vietnam's southern ports underutilised
- Emirates Line increases rates to East Africa
- Varun Shipping records marked improvement in Q3 profit
- Viking O&M full year profit plunges 47%
- Ezion seals offshore service rig contract
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