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Dry bulk rebound from record lows expected: Seatrade Asia Week
In the latest issue of Seatrade Asia Week: Dry bulk rebound from record lows expected Although Baltic Dry Index (BDI) hit a 26-year ... [full story]
Vinalines hit with $32m first half losses
Hanoi: State-owned Vietnam National Shipping Corporation (Vinalines) suffered a VND660bn ($32m) loss in the first half of this year. Analysts attributed the losses to the sharp decline in freight ... [full story]
Mitsubishi shipping arm takes loss
Tokyo: Mitsubishi Heavy Industries' shipbuilding arm sank to a third quarter net loss due mainly to the effects of a stronger yen and a revision of the ... [full story]
Chinese yard delivers fuel efficient bulk carrier
Jiangsu: Jiangsu Hantong Ship Heavy Industry has delivered a new dry bulk carrier capable of fuel savings of up to 14%. The 57,000 dwt Aquila, delivered to its owner ... [full story]
Samsung Heavy 2011 net profit down 12%
Seoul: Samsung Heavy Industries (SHI) full year net profit fell 12% year-on-year due to a drop in orders for high-end vessels since 2009. Net profit for the year fell ... [full story]
Hyundai Heavy full year profit plunges 31%
Seoul: The world's largest shipbuilder Hyundai Heavy Industries (HHI) absorbed a 31.4% drop in net profit for the full year after posting a 91.4% plunge in its fourth ... [full story]
OOCL hikes Asia - Europe box rates
Hong Kong: Orient Overseas Container Line (OOCL) is hiking rates on the Asia - Europe trade as it seeks to bring freight rates back to ... [full story]
WSS expands into Tianjin
Tianjin: Wilhelmsen Ship Services (WSS) is expanding its network in China with a new facility in Tianjin. The new office in Tianjin is WWS China’s ... [full story]
ABG bags orders for six offshore vessels
Mumbai: India-based ABG Shipyard won an order to build six offshore vessels for state-owned Shipping Corp of India (SCI). “The order is ... [full story]
CH Offshore logs lower H1 profit
Singapore: CH Offshore logged in lower profit in the first half due to lower revenue and absence of gains from disposal of fixed ... [full story]




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