Cosco Shipping Holdings has turned in strong first quarter results aided by a recovering international container shipping market with higher freight years especially on the transpacific and Asia-Europe routes.
http://www.seatrade-maritime.com/news/asia/cosco-shipping-holdings-turns-in-strong-q1-results.html
The Maritime and Port Authority of Singapore (MPA) has temporarily suspended the bunker craft operator licence of Southernpec (Singapore) effective 25 April until further notice due to the use of magnets on its bunker tanker to tamper with the accuracy of mass flow meter.
Shanghai Zhenhua Heavy Industries (ZPMC), China’s largest port equipment manufacturer, bagged orders from Singapore-based PSA and Terminal Investments Ltd Group.
Taiwan’s state-run Taiwan Power Company (TPC) is currently in negotiations with potential partners to set up a bulk shipping joint venture to expand its presence in shipowning in order to meet its coal shipping demands. Splash understands that two Taiwanese domestic shipping companies, U-Ming...
A long running court case came to a close Monday in Hong Kong with the Chinese master and boxline APL found guilty of bringing nine Singaporean military vehicles from Taiwan into Hong Kong without a proper licence two and a half years ago. APL, now part of CMA CGM, faces a fine while the master, […]
Tsuneishi Shipbuilding its design workforce in the Philippines as it faces an aging workforce at home in Japan, and seeks to diversify the product range of its Cebu yard.
The first step in making a change is acknowledging the need for change and by that marker, the maritime industry should by now be well along with the process of digital transformation. To judge by the attention lavished on digitalisation at the Sea Asia exhibition earlier this month, the topic...
A port worker died on Saturday when a fire broke out on the mobile harbour crane he was operating caught fire at the Indian port of Haldia, Kolkata. The crane was operating at berth 13 unloading coal from 2010-built bulk carrier on Saturday morning around 8:30am when the fire broke out. The crane...
https://splash247.com/port-worker-dies-when-crane-catches-fire-while-unloading-coal-at-kolkata/
Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019.
Capesize market is expected to face more headwinds in Q2 2019, despite some market optimism in Vale’s restart of Brucutu mine.