South Korea’s government has on Thursday unveiled a KRW2.9trn rescue package for cash-strapped Daewoo Shipbuilding & Marine Engineering (DSME).
Capital Link’s 2017 Shipping Conference, now in its 11th year, drew a standing-room only crowd, with financial industry participants greatly outnumbering shipping people.
Signalling its shift in focus to maritime, Silk Holdings said it plans to use over half of the proceeds from the divestment of its highway concession holding unit Sistem Lingkaran-Lebuhraya…
Germany’s Oldendorff Carriers is converting an 11-year-old bulker into a transloader at China’s Chengxi Shipyard for transhipment operations in the Arabian Gulf.
China’s Tianjin Port Development Holdings has improved its annual net profit on the back of increased container and cargo volumes handled at Tianjin port.
With less than three years away from the IMO Marpol Annex VI global 0.5% fuel sulphur rule, shipowners and operators are increasingly pressed for time to decide on which option…