South & Central Asia
Yilport on a Growth Course
Yilport Holding recorded a 9% year-on-year increase in container volumes in 2017.
Oversupply to Turn Up the Heat on Chemical Shipping in 2018
Chemical shipping freight rates will weaken due to the depressed outlook on overtonnaged long-haul routes.
Epic Gas Delivers Loss in 2017
Epic Gas delivers loss of USD 30.9 million for 2017, against USD 23.3 million reported a year earlier.
Gas leak reported on ONGC rig ahead of explosion that killed five
A gas leak had been reported on an ONGC drillship which was undergoing repairs at India’s Cochin Shipyard but the order to stop the hot works on the rig came too late resulting in deaths of five workers.
Keppel Confirms Receiving Summons in New EIG Lawsuit
Keppel Offshore and Marine Limited (KOM) has been served with a summons within a civil action lawsuit filed EIG.
NYK Looking into Embezzlement Case in Chinese Car Carrier Unit
Nippon Yusen Kabushiki Kaisha has discovered a potential embezzlement case in one its subsidiaries.
MISC Posts Huge Drop in Profit
MISC Berhad (MISC) posts a 90.6 percent drop in its 4Q 2017 profit.
Alphaliner: Minimal Disruptions Expected in ONE Switch
Alphaliner: ONE to introduce only minor changes to existing service offerings of K Line, MOL and NYK.
Dutch Prosecutor Charges Seatrade for Beaching Ships
This is the first time in Europe that criminal charges were raised against a shipowner for beaching vessels.
MTCC Wins Kulhudhuffushi Airport Runway Project
The Kulhudhuffushi Airport runway project has been awarded to the Maldives Transport and Contracting Company (MTCC), local media reports. In a ceremony held on 12th February, the Director General of Regional Airports, Saamy Ageel, and CEO of MTCC, Ibrahim Ziyath, signed the $3.3 million agreement. U
Cosco Shipping Leasing to Raise Cash for Loan Repayment
Cosco Shipping Leasing is to raise USD 318.2 million through the issuance of asset-backed securities.
MOL Inks Partnership with NCC
Mitsui O.S.K. Lines (MOL) signs a capital and business alliance agreement with Nippon Concept Corporation (NCC).