Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.

Shanghai-listed Cosco Shipping Company Limited (Coscol) has been hit by a sharp plunge in profit for the third quarter compared to the year-ago period.

China’s Cosco Shipping Co Ltd (Coscol) has landed a transportation and logistics heavylift contract from a large Kazakhstani oil and gas partnership.

Cosco Shipping Company Limited (Coscol) has reported a sharp plunge in profit for the six months ended 30 June 2016 compared to the year-ago period.

Cosco Shipping Company Limited (Coscol) has converted three existing shipbuilding contracts at Shanghai Shipyard to ice-class multipurpose vessels from heavy lift vessels.

Heavy lift specialist BigLift Shipping has placed an order for a vessel at China’s Ouhua Shipbuilding.

AAL Japan celebrated its one-year anniversary in Tokyo, and the party mood is one of cautious optimism for Japan’s project cargo exports market.

Rickmers-Linie is taking over Nordana’s project and chartering business.

Germany’s heavylift specialist Rickmers-Linie and the National Shipping Company of Saudi Arabia (Bahri) have entered into a space charter agreement covering the US to the Red Sea and the Middle East.

Cosco Shipping Company Limited (Coscol) saw its first quarter profit virtually erased as the company cited a difficult operating environment in the global shipping market.