Courage Marine widened its net loss in 2014 to $9.7m from $1.8m the year before due to lower turnover, lower utilisation rate and impairment losses taken on the group's vessels.

Hong Kong Port had a torrid January with overall throughput falling 6.1% to 1.8m teu from 1.9m teu in the same month the year before.

A Hong Kong High Court has handed down an eight year jail sentence to the captain of one of the ferries in the deadly ferry collision over two years ago.

The Young Professionals in Shipping Network (YPSN) HK had their Spring cocktails at Spanish Tapas bar Boqueria, injecting a little Mediterranean warmth into an otherwise very much still wintry mid-week night.

Reflecting more woes ahead in Hong Kong, Hutchison Port Holdings (HPH) Trust took a HKD19bn ($2.5m) impairment charge on a unit in the city that dragged it into a net loss of HKD17.2bn for 2014.

In more signs that the Hong Kong market is losing its lustre, renowned tycoon Li Ka-shing is reportedly considering a partial sale of his port assets, including the Hong Kong terminals, to a consortium of state-owned mainland Chinese companies...

Container throughput at the Port of Hong Kong declined slightly by 0.3% to 22.3m teu in 2014 from 22.4m teu the year before.

It is 20 years since the founding of Fleet Management and today the company manages a diversified fleet of 350 vessels, a success which managing director Kishore Rajvanshy puts down to a focus on the basics and hard work.

The outlook for the tanker market for 2015 will depend on whether the Chinese will continue to build up stocks given the conducive low oil price conditions currently, said ICAP Shipping head of tanker research Stavroula Betsakou.

Danish shipowner Norden is bringing in Pacific Basin coo, Jan Rindbo, as its new ceo mid-next year, taking over from interim ceo Klaus Nyborg former chief of Hong Kong shipowner.