Chinese vessel CSCL Jupiter, which ran aground while departing from Antwerp and blocked the river gateway to the busy European port, has been refloated.
DSME, currently restructuring under its creditors’ guidance, saw a net profit of KRW1.26 trillion (USD1.1 billion), building on a profit of KRW234 billion in 1Q17.
Singapore port operator PSA winds down operations at its Tanjong Pagar Terminal, conducts tests at Pasir Panjang Terminal.
South Korean’s Samsung Heavy Industries reveals a new safety plan, aimed to enhance its safety measures following the fatal crane collapse at Geoje yard in May.
Singapore’s Falcon Energy Group has been served a USD20 million claim by Malaysia’s AmBank; expects a net loss for the quarter and year ending 30 June 2017.
Pan Ocean’s first-half 2017 net profit drops 46% to USD45 million, although its balance sheet remains strong with manageable debt levels.
French shipowner Socatra Shipping has inked letters of intent for construction of up to eight MR tanker newbuildings with Chinese and Korean shipyards for delivery in 2019.
India’s Mercator is studying the possibility of separating its shipping and dredging business; strengthening balance sheet a priority.
South Korean liner operator Hyundai Merchant Marine is still finalising negotiations with Singapore-based global terminal operator PSA International over handling fees at the PSA Hyundai Pusan Newport terminal, with 10% of this year’s handling fees being agreed.