News:Asia

Asia

International Container Terminal Services Inc (ICTSI) has pulled out of a concession to develop a terminal at the Port of Lekki near Lagos, Nigeria.
Hong Kong-listed Qinhuangdao Port Co has projected a surge in net profit for its first half ended 30 June 2017 in view of the improving market conditions.
Singapore’s Vallianz Holdings has entered into a set-off and settlement agreement with its second largest shareholder Rawabi Holding Company, potentially allowing the Saudi Arabian firm to become Vallianz’s biggest stakeholder.
Taiwan’s port of Kaohsiung has completed the handing over of three container berths, previously operated by the now-defunct Hanjin Shipping, to Hyundai Merchant Marine (HMM) on Thursday, increasing the number…
The Baltic Dry Index (BDI) continues to be battered by falling freight rates, dragging itself through another week of sub-1000 point action.
Asian shipowners have flagged concerns over practical onboard compliance with the Maritime Labour Convention (MLC) 2006 and the STCW Code.
Domestic focussed Malaysian line PDZ Holdings saw the full impact of its troubles hit in the first quarter of 2017, with revenue plunging to just MYR2.57m ($600,695) from MYR28.05m previously.
The 13,926 teu OOCL France has become the largest capacity vessel to transit the expanded Panama Canal to date.
Sabah's Suria Capital Holdings is on track with its expansion programme, which will start next year, at Sapangar Bay Container Port (SBCT), and is expected to be completed by 2023,…
Specialised shipbuilder Keppel Singmarine has inked an order to build two small LNG carriers for Stolt-Nielsen Gas, with options for three further newbuildings.
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