Singapore-based shipbuilder ASL Marine registered a strong financial year in 2013 with increased revenues from the shipbuilding, ship chartering and engineering segments.
Scorpio Tankers has announced its intention to charter in two handymax product tankers, as well as securing a large loan to finance newbuilds.
Ship Finance International's (SFL) charter revenues, EBITDA and profit all fell in the second quarter, compared to the same period last year.
A $81.3m ship impairment loss in the second quarter has dragged Frontline's losses to $120.3m for the quarter and $139m for the first half of the year.
Indian foreign secretary Sujatha Singh has petitioned Iran for the “unconditional” release of Desh Shanti, the tanker under arrest at Bandar Abbas port.
Xiamen International Port Co reported flat first half net profit of RMB125.80m on a 31.6% rise in revenue to RMB1.87bn from RMB1.42bn in the previous corresponding period.
Port Klang terminal operator Northports needs to raise MYR1bn ($299m) for its expansion, and is deciding between going to the stock market or using islamic bonds or sukuk, ceo Abi Sofian Abdul Hamid was quoted as saying by local media.
CIMC's first half net profits told much the same story as fellow container maker Singamas, posting a 40.9% drop to RMB552.0m from RMB933.71m previously. This was mainly due to the decrease in consolidated gross profit margin of the group’s businesses and the increase in costs including financial expenses against the overall challenging economic
environment, CIMC said.