Newly rebranded ship services company Seven Seas is making a splash at the IMPA London 2015 marine purchasing and supply event taking place this week as part of London International Shipping Week.
Cosco's ship brokerage and agency arm Cosco International Holdings saw first half net profit rise 45% to HKD190.3m ($24.6m) from HKD130.9m previously on sharp rises in commission income from ship trading agency services as market activity picked up.
Despite signs of improvement, competition remains tough throughout the Asian market, according to Neal de Roche, regional vice president Asia Pacific at Wilhelmsen Ship Services (WSS).
Thome Group is expanding its ship agency business into the Philippines and Indonesia.
Galle, at Sri Lanka’s southern most tip, is the natural spot for ships plying the busy East-West route to effect crew and security personnel changes and replenish ship’s supplies, stores and bunkers with the assistance of Sri Lankan companies.