Asia

Hong Kong: Reporting a 9.1% slide in first half earnings to $280.5m, OOCL parent Orient Overseas (International) Ltd says it has nevertheless received a very positive response to its indication…
Tokyo: Nippon Steel has said it will raises prices of steel plates for shipbuilding from the second half of this financial year and has begun negotiations with leading Japanese shipbuilders.…
Tokyo: NYK has followed the same pattern as MOL and 'K" Line, announcing sharply reduced Q1 FY2006 results that it blames on 'soaring' bunker prices and lower-than-expected container freight-rate levels,…
Wuhan: Ten years of close cooperation between Qingshan Shipyard and Germanischer Lloyd (GL) were marked by a special ceremony at the Yangtze river yard yesterday, attended by moré than 100…
Aqaba: Aqaba Development Corp has signed a jv with APM Terminals to manage, operate and expand the Aqaba Container Terminal for a period of 25 years. The move follows an…
Bahrain:  Shiprepairer ASRY reports that it has revised and expanded its new slipway plans so as to be able to handle four vessels simultaneously. Two parallel slipways of vertical curve…
Mumbai: Great Eastern Shipping has cancelled a plan to spin off its offshore business into a new unit called Great Offshore that was established in April. The move follows the…
Seoul: South Korean steel giant POSCO has expressed an interest in buying a stake in Daewoo Shipbuilding & Marine Engineering Co Lt in a bid to diversify its business, according…
Tokyo: Escalating bunker prices and reduced containership profits were among factors cited for the lower-than-expected results from two of Japan's big three shipowners for the Q1 FY 2006, which has…
Mumbai:  Great Eastern Shipping Company released its latest financial results for the first quarter ended June 30, 2006. Figures show a drop in net profits of 22% from the same…
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