Asia

London: As the rapid growth in China's steel production continues to buoy up the drybulk market, London broker Clarksons has questioned whether all is as it seems.The broker queries whether…
In a sharp reversal of company policy the Noble Group is now actively adding to its owned fleet. With the volatility of the dry bulk market making forward earnings a…
Singapore:  Shipbuilder and repairer Pan-United Marine Limited reported a doubling of profits for the second quarter ended June 30, and a quadrupling for the first half. Pre-tax quarterly profit was…
Taipei: Taichung Free Trade Port in central Taiwan is now fully open to business after the port's Zone Two won a Ministry of Transportation and Communications (MOTC) approval to join…
Ulsan: Soaring ship prices meant the world's largest shipbuilder, Hyundai Heavy Industries, reported a return to profits in the first half, scoring a net profit of of 215.27bn won from…
Shanghai: In the first six months of 2006, China's major ports handled more than 42m teu posting a growth of more than 22%. Total tonnage, the volume at 2.2bn tonnes…
Singapore: As parent NOL posted reduced results for both its liner and logistics activities, APL has unveiled a radical new China-US 'OceanGuaranteed' service designed to maximise synergies between the two. …
Hong Kong: Rates for capesize bulkers may have flattened out this week but theunderlying demand that has fuelled rapid recent rises, particularly into theFar East, looks set to continue. Intense…
Laem Chabang: TIPS container terminal, operated by NYK/MOL affiliate TIPS Co, has received two new gantry cranes with 48-metre outreach able to work 6,000teu vessels. The terminal handled 794,000teu last…
Jakarta: Samsudera Indonesia has agreed to charter out two multipurpose vessels, the 8,900dwt Sinar Kudas and 9,100dwt Ardhianto, to breakbulk, heavylift and project cargo specialist Rickmers Linie over a two-year…
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