Ulsan: Hyundai Mipo Dockyard’s profits plunged 75.6% in the second quarter of the year.

Hong Kong: Diversified commodities trader Noble Group has reported record profits of $47.1bn in the first half of 2012, up 19% year on year.

Beijing: Maritime law firm Ince & Co has opened an office in Beijing, China, its third Greater China office after Shanghai and Hong Kong.

Tokyo: Mitsubishi Heavy Industries (MHI) has renewed a technology licence on its low-speed marine diesel engines with Hyundai Heavy Industries (HHI).

Hong Kong: Orient Overseas (International) Limited (OOIL) racked in higher revenues from larger container liftings in the first half of 2012.

Seoul: Hyundai Heavy Industries (HHI) has inked an order to build two LPG carriers plus an option for two more for Negmar Marine.

Hong Kong: Brightoil Petroleum is reported to be set to start crude trading operations in the third quarter, with the objective of becoming a key supplier to China and its 5 million bpd crude import market that is currently dominated by state...

Hong Kong: In what looks like moves to enter the shipowning market, China State Shipbuilding Corp (CSSC) has established a shipping unit in Hong Kong. CSSC looks like it is following the path of other yards using this method to avoid the worst of...

Hong Kong: Cosco Pacific, the terminal operating arm of Chinese giant Cosco, has its sights set on more investments in Greece as potentially more state-owned assets come on the market.

Tokyo: Japan's container line Nippon Yusen Kabushiki Kaisha (NYK) have stepped in to support a LNG project in Australia at the request of fellow Japanese firm Tokyo Electric Power Company Incorporated (Tepco).