Cosco H1 profit rises 11% on surging China exports Cosco Pacific, Asia's third- largest container-terminal operator, boosted first-half profit by 11 per cent as China's surging exports of toys, furniture and clothes fuelled sea-cargo traffic.
Posco plans to buy assets in Ukraine South Korea's Posco, the world's No 4 steelmaker, may buy iron ore, steel mill and shipyard assets in Ukraine, as it looks to reassure investors who have questioned its potential acquisition of Daewoo Shipbuilding.
Guangzhou Shipyard H1 profit up 15% Guangzhou Shipyard International Co., a unit of China's biggest shipbuilder, said that first-half net income increased 15 per cent as rising demand for vessels allowed it to increase contract prices.
Frontline tanker contract with Indian yard scrapped REASONS for cancelling deal for four chemical tankers said to centre on increased raw material costs and work delays.
Cosco Pacific's bet on overseas ports pays off THE company says its overseas operations will account for more of its volume, which rose to drive profit up 11% in first half.
Warships mount pirate defence Warships and aircraft from the Combined Maritime Forces will now patrol the Gulf of Aden in an attempt to create a stronger deterrent to pirate attacks
Oceanaut finally writes check BLANK-cheque company Oceanaut has entered a definitive agreement to buy four bulkers from Irika Shipping after its earlier Restis deal collapsed
Iranian port ops on block NEARLY half of Iranian port and container terminal operator Tidewater will be sold as a block on the Tehran Stock Exchange
Iranian bulker hijacked DETAILS have been made public about last week's hijacking of an Iranian-flagged bulker near the Gulf of Aden
Piracy off Somalia out of control The piracy in the Gulf of Aden off Somalia is out of control, according to the International Maritime Bureau, IMB. In only 48 hours four large merchant ships have been hijacked, one of these is the Malaysia-flagged palm oil ...
Akselsen new head of the Norwegian Maritime Directorate The Norwegian government has appointed Olav Akselsen as new director of the Maritime Directorate. The Norwegian Shipowners' Association (NSA) supports the decision. ' Olav Akselsen knows the industry very well. The Norwegian Shipowners' Association considers Akselsen as well qualified and suitable ...
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