Orders at Japanese shipyards fell 36% year on year (y/y) in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from the ...
Japanese yard orders down 36%
Bumi Armada establishes new subsidiary
Malaysia-listed offshore services provider Bumi Armada has incorporated a wholly owned subsidiary in the British Virgin Islands under the name of Bumi Armada Marine Holdings (BAMHL). The subsidiary is ...
Carriers to launch new South America service
Container carriers Yang Ming Marine Transport (Yang Ming), Pacific International Lines (PIL), Hyundai Merchant Marine (HMM), and Kawasaki Kisen Kaisha ('K' Line) are to launch a new South America Loop ...
CPP raises cash for debt deal
NASDAQ-listed Capital Product Partners (CPP) has priced a follow-on equity offering that will enable amendments to its credit facilities. The mixed-fleet operator announced on 16 April that it will ...
Dry bulk outlook sinks again
Evercore ISI analyst Jon Chappell has cut his already low rate projections for the dry bulk sector even further because of "hideous" market conditions. Chappell had noted in February that rates were ...
Keppel set to ‘tide through the downturn’
Singapore-listed marine, property, and infrastructure company Keppel Corporation is confident it can "tide through the downturn" by cost management and seizing market opportunities as they come ...
Three dockers die unloading coal in Antwerp
Three dockworkers died after inhaling toxic gases while unloading coal from a carrier at the port of Antwerp on Saturday. The three workers had entered the hold of the Hong Kong-flagged Saga Frontier, ...
Crewman feared dead off Australian coast
The search for a crewman lost overboard from the 17,859 tonne Liberian-flagged bulk carrier MV Sea Amity off the Queensland coast on Tuesday night has been suspended, the Australian Maritime Safety ...
MH370 search efforts redoubled
Australian, Chinese, and Malaysian ministers have agreed to extend the search for the missing MH370 aircraft if it is not found in the priority zone next month. The third tripartite ministerial ...
Woodside’s revenue plummets 20.1%
Australia's Woodside Petroleum was the latest victim of cyclonic weather in the oil and gas market, listing a 20.1% drop in revenue for the March quarter on 16 April. Revenue fell to USD1.4 billion ...
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