Wisdom Marine, Taiwan’s largest owner of dry bulk carriers, gave an upbeat outlook on earnings in the second half of the year.
South Korean shipyards have called on steelmakers to keep the prices of shipbuilding steel plates at current levels amid declining orders and stiff competition with Chinese rivals.
Jakarta has invested billions in upgrading its ports and shipping lanes in recent years. It is beginning to pay off, but it is well behind meeting its targets.
Until now, some 2,500 Dutch private investors remain involved in the vessel portfolio called JR Fleet Fund as limited partners, in a so-called CV structure that is the Dutch equivalent to Germany’s once-flourishing KG scheme.
LNG-fuelled ships are expected to make up 11% of the global fleet in 2030. Crew accustomed to working on ships fuelled by heavy fuel oil must be prepared to deal with this new fuel's unique safety risks.
With less than 18 months to go until the regulations come into force, concern is mounting that the refinery industry will fail to produce enough low-sulphur fuels to meet demand, especially at an affordable price.
In a restructuring plan submitted to Changwon District Court, Sungdong said another 500 jobs would be scrapped, after an earlier round of voluntary resignations and retirements saw 300 workers leave the business in May.
Shun Qiang 2, a general cargo ship, collided with chemical tanker Yong An near Shanghai on 15 July.
Singapore continues its crackdown on breaches of bunker licence terms and conditions as another local operator has its licence revoked.
Hyundai Merchant Marine could opt for scrubbers when the South Korean liner operator finalises orders for 20 large container ships.