News:Asia

Asia

Westports Holdings saw second quarter net profit fall 7% MYR148.8m ($34.7m) from MYR159.9m a year ago due to lower container throughput from structural changes in the wider industry.
Shell is providing marine lubricants for the world’s largest containership the OOCL Hong Kong.
Korea Development Bank (KDB), KTB Asset Management (KTB) and Uni-Asia have signed a memorandum of understanding (MOU) on ship finance, tapping on KDB’s $1bn Ocean Value-up Fund Program.
Port of Tanjung Pelepas (PTP) has filed a suit seeking MYR31.9m ($7.4m) plus interest for losses due to an oil spill at its premises from tanker Trident Star in August…
Maersk Line has introduced new cyber security protective measures following the Petya attack that disabled its IT systems worldwide at the end of June.
China’s ailing shipbuilding sector has seen a near one-third year-on-year decline in newbuilding orders over the first half of this year, leaving work-hungry Chinese yards still struggling to stay afloat…
Freight rates have risen in tandem with the iron ore rally as the commodity powered past the $70 per mt barrier this week. Likewise, the Baltic Dry Index (BDI) rallied…
With Keppel Corp’s shipyard group Keppel Offshore & Marine (Keppel O&M) just breaking even it is targeting the LNG sector including co-investment in small-scale projects.
Keppel Offshore & Marine (Keppel O&M) has revealed the sale price of Keppel Verolme yard in the Netherlands to Damen Shipyards as EUR23.5m ($27m).
Dwell time at Indonesia's seaports has slid back to 3.6 days in the first half of 2017 from 2.9 days in late 2016, local reports said.
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