Tuesday, 2nd September 2014
2nd September 2014

A number of shipping lines have announced new services or the expansion of existing ones, linking Asia and the west and east coasts of South America, with post-panamax vessels.

Mitsui OSK Lines (MOL) will soon order a 155,000 cu m LNG carrier from Mitsubishi Heavy Industries (MHI) after landing a LNG transport agreement.

Taiwan's Evergreen Marine has reduced its quarterly losses as it managed to cut down on its operating expenditures amid continuing poor freight rates.

Thoresen Thai Agencies (TTA) revealed wider losses in the second quarter of its 2013 fiscal year due mainly to continued environment of depressed dry bulk shipping freight rates.

Eight container lines will launch three new joint services between the Far East and South America East Coast from July 2013.

Malaysian domestic line MTT Shipping is planning to expand its West-East Malaysia trade with another two vessels to add to the five currently operating.

Chinese shipbuilder JES International plunged into the red in the first quarter as revenues tumbled.

Ezion Holdings landed a $80.3m deal to provide a service rig for use by an Asian national oil company to support its oil and gas activities.

Hong Kong's April container throughput predictably fell 12.2% from the year before to 1.7m teu, as the full effects of the more than month-long port workers strike kicked in. Month-on-month volumes fell 7.8% from 1.8m teu in March.

Hapag-Lloyd cut almost EUR40m from its losses in the first three months of 2013 compared to its 2012 results, with a group net loss of EUR93.6m, down from EUR132.4m last year.

Headlines Asia

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