Taizhou Sanfu's profit up 54% y/y in 2014 （2015-05-05）
Private-run Chinese shipyard Taizhou Sanfu Ship Engineering's profit increased 54% year on year (y/y) to CNY436.7 million (USD70.4 million) in 2014 because of business expansion into the manufacturing... |
Yangzijiang delists in Taiwan （2015-05-05）
Chinese shipbuilder Yangzijiang Shipbuilding Holdings, listed in both Singapore and Taiwan, announced on 30 April that it will terminate its listing in Taiwan. The shipbuilder cited the small trading ... |
Cosco Corp profit drops 82% in 1Q15 （2015-05-05）
Singapore-listed Chinese shipbuilding and dry bulk shipping group Cosco Corporation Singapore (Cosco) posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first quar... |
U-Ming Marine sees prospect in bulk shipping （2015-05-05）
Taiwanese bulk carrier U-Ming Marine stated on 5 May that the infrastructure construction in emerging markets such as China and India will bring opportunities for bulk shipping. Asian Infrastructure I... |
Ocean Yield plans further expansion after 1Q15 （2015-05-05）
Ocean Yield, a listed Norwegian tonnage provider controlled by the Aker group, said it is prepared to continue its expansion after reporting a steady profit for the first quarter of 2015. Group net pr... |
Evergreen Holding's shipbuilding segment profit sh （2015-05-05）
Evergreen Holding Group, the parent group of Sinopacific Shipbuilding, posted a 15% year-on-year (y/y) decline in the operating profit for its shipbuilding segment in 2014 amid depressed newbuilding m... |
Yangzijiang considers RSHI acquisition （2015-05-03）
Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings (Yangzijiang) has set its sight on possible merger and acquisition (M&A) activities for Chinese shipyard Rongsheng Heavy Industries (RSHI... |
Tsuneishi receives Handysize bulker orders （2015-05-03）
Japanese shipbuilder Tsuneishi said on 30 April that it has received orders to build a number of 38,300dwt bulk carriers. The ships, to be built based on Tsuneishi’s newly developed TESS38 design, wou... |
CSICL's profit falls 47% in 1Q15 （2015-05-03）
Shanghai-listed China Shipbuilding Industry Company Limited (CSICL) said its profit fell 47% year on year (y/y) to CNY385.4 million (USD62.2 million) in the first three months of 2015 as a result of h... |
Hyundai Mipo Dockyard on course for profit （2015-05-03）
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard (HMD) can look forward to a profitable 2015 as the costs of raw materials decrease, analysts said on 29 April. HMD posted a KRW22.49 billion (US... |
Vale denies mega-order report （2015-05-03）
Brazilian iron ore giant, Vale, has disputed a published report that it could lease 50 very large ore carrier (VLOC) newbuilds, more than double its previously stated plans. The Wall Street Journal (W... |
HHI wins Russian FSRU （2015-05-02）
Hyundai HI of South Korea has secured a new order for an LNG FSRU from Gazprom of Russia in a USD295 million deal. The 170,000 cbm capacity vessel will be built at HHI’s Ulsan facility, with the ice-c... |
D'Amico firms up LR1 LOI （2015-05-02）
D’Amico International Shipping has firmed up a letter of intent for two long-range product tankers from Hyundai Mipo’s Hyundai-Vinashin shipyard in Vietnam. The 75,000 dwt ships are understood to have... |
CMES' profit surges 22.6% in Q1 2015 （2015-04-29）
Shanghai-listed China Merchants Energy Shipping (CMES) on 29 April posted a profit of CNY225 million for the first quarter of 2015, surging 22.6% from the same period of 2014. The company recorded rev... |
FLNG and commercial ships bode well for SHI （2015-04-29）
Even as drillship orders are drying up, orders for floating LNG (FLNG) vessels and commercial ships would augur well for Samsung Heavy Industries (SHI), analysts believe. The second-biggest shipbuilde... |
Sainty Marine posts $292m loss in 2014 （2015-04-29）
Shenzhen-listed shipbuilder Sainty Marine sank to losses of CNY1.8 billion (USD292 million) in 2014 on huge asset impairment that resulted from its loans extended to shipbuilder Nantong Mingde Heavy I... |
HHI's prospects bright despite Q1 loss （2015-04-29）
Hyundai Heavy Industries (HHI) could still turn a profit for 2015 even as restructuring costs resulted in a loss of KRW138.8 billion (USD129 million) in the first quarter. The result was worse than th... |
Sembcorp Marine's profit drops 15.2% （2015-04-29）
Singapore-listed offshore services provider Sembcorp Marine suffered a drop of 15.2% year on year to SGD108 million (USD81.8 million) in its profit for the first quarter ended 31 March 2015. The compa... |
DHT reports strong improvement in 1Q15 （2015-04-29）
DHT Holdings, the New York-listed crude oil tanker company managed from Oslo, has reported a strong improvement in result in the first quarter of 2015 (1Q15) on a firmer market and bigger fleet. Group... |
Sinopacific delivers first SP AHTS （2015-04-29）
Sinopacific Shipbuilding Group has successfully delivered its first independently designed medium-sized anchor-handling tug supply (AHTS) offshore vessel in the SP series on 28 April. Ossoy, the first... |