Saturday, 23rd August 2014
23rd August 2014

Firm crude oil prices are continuing to lend support to healthy utilisation and charter rates for both anchor handling tug supply (AHTS) vessels and platform supply vessels (PSVs), according to ASL Marine.

China Shipping Group (CSG) is eyeing to raise RMB2.5bn ($407m) from short-term notes to replenish its working capital.

Recently restructured tanker and bulk owner Torm announced a rise in spot market earnings in the first quarter of 2013, and improved year on year results.

Qingdao Beihai Shipbuilding Heavy Industry, a subsidiary of China Shipbuilding Industry Corporation (CSIC), has bagged an order to build four 250,000 dwt iron ore carriers from Shandong Shipping Corporation.

Alam Maritim has been awarded an extension of contract worth MYR38m ($12.8m) by Petronas Carigali for the provision of one workboat.

ST Marine, an arm of ST Engineering, posted marginally lower net profit but higher revenue in the first quarter ended 31 March 2013.

A six month public consultation aimed at cutting red tape at the IMO starts today.

Marcus Hand looks at how when shipping companies run into trouble their seafarers can be left stranded thousands of miles from home on their vessels with no pay.

Singapore's new LNG terminal has received its first commercial cargo and commenced commercial operations on Tuesday.

Mitsui OSK Lines (MOL) has announced its new Asia-Mexico Express Service (AME) that will depart China's Ningbo port on 24 June.

Headlines Asia

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