The operating conditions for regional container shipping are expected to stay challenging as competition intensifies in the intra-Asia routes, according to Indonesia-based Samudera Shipping Line.
Finland's Deltamarin has been awarded a EUR3.5m design contract on two car carriers to be built at Chinese yards Tianjin Xingang Shipbuilding Heavy Industry.
The Leonhardt and Blumberg owned boxship Hansa Brandenburg has berthed safely in the port of St Louis, Mauritius, with preparations being made for the discharge of containers.
US President Barack Obama says the country’s ports will have to ready to handle larger vessels that will transit the expanded Panama Canal or risk losing business.
The difficult operating conditions of China's shipbuilding sector saw CSSC Jiangnan Heavy Industry sank to a net loss in the first half of this year.
Coastal Contracts has picked up another bumper crop of orders with its units, Coastal Offshore (Labuan) Pte Ltd and Thaumas Marine Ltd securing contracts worth a total of MYR425m ($132m).
Profit at Thailand-based Precious Shipping jumped more than ten-fold in the second quarter as the company generated higher vessel operating income and gains on cancelled newbuidling contracts.