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Hong Kong: Major container ship player Seaspan bucked the trend, posting a first quarter 1.4% rise in net profit to $51.3 million year-on-year, on the back of a 25% increase in revenue to $152.1m.
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Jakarta: Indonesia's biggest seaport Tanjung Priok has completed upgrades to two major container terminals that will allow the handling of bigger ships and higher container throughput.
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Hanoi: Vietnamese police have arrested the former chairman of Vietnam National Shipping Lines (Vinalines) for mismanaging the state-run shipping company.
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Singapore: PSA International and Tianjin Port Group have agreed to strengthen ties and foster greater cooperation following the signing of a strategic cooperation framework agreement on Friday.
Headlines
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- Japan's shipbuilding slows in 2011
- Yangfan wins fuel-efficient bulkers order
- Essar Shipping returns to profit
- Australian fund sells port stake
- Sembawang bags S$130m in repair and upgrading contracts
- Hyundai Mipo Dockyard Q1 earnings plunge
- Lines eye rates increase from June
- Penguin International stays in black with thin profit
- Thoresen Thai shrinks quarterly deficit
- MISC's liner exit pushes it deeper into the red
- Singapore shipowners welcome EU air strikes on Somali pirate liar
- Hong Kong throughput inches up in April
- Sungdong bags livestock carrier newbuilds from Malaysian firm
- STX PO more than doubles net loss
- Kreuz utilises $6.3m from placement proceeds on DSV
- Mermaid Maritime wins contract extension
- Otto bags charter contracts for two AHTS vessels
- Courage Marine narrows Q1 net loss
- STX PO invests $80m in heavy lift shipbuilding
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