Some businesses have come to recognise that it’s not amassing ship data that brings a competitive advantage, it’s the insight that flows from the analysis of that data.
Francesco Schettino is appealing against the 16-year prison sentence imposed on him in February 2015 for his role in the sinking of Costa Concordia which led to the deaths of 32 people.
Its operating result recovered by about 150% to just over USD21 million in 2016, following a steep fall to USD8.54 million in the previous year.
Keppel O&M broke even in the first quarter of 2017, and has completed the first of three Singapore yard closures planned for the year.
Subject to conditions, Rickmers Maritime expects to sell 14 Panamax container ships to Navios Maritime Partners for USD113 million by 15 May.
Following the restructuring, a holding company, SK Maritime, was created to take over SK Shipping’s dedicated shipping contracts and bunker supply operations, which were seen as sources of stable revenue.
Bunker Holding is widely regarded as the world's second-largest bunker trading group, just after US-based World Fuel Services, in terms of sales volumes.
Backed by home-grown construction conglomerate Samra Midas Group, SM Line took over the now defunct Hanjin Shipping's trans-Pacific and intra-Asia portfolios.
The move will strengthen Samskip's foothold in the refrigerated food transport business as Rimar is involved with US seafood and meat exports.
The Maersk group caused controversy when it announced a year ago that it planned to send some of its ships for recycling in Alang despite concerns about the standards applied by companies operating there.