There has been a change in the control of some ships that were commercially managed by Taylor Maritime HK Ltd.
While the global maritime sector continues its slow recovery, adjusters and surveyors warn that the recovery is not making its way into their sector. In fact it is becoming worse.
The capacity expansion through a new dry dock is being planned at a time when two of India’s biggest private yards – ABG Shipyard and Bharati Defence and Infrastructure - are facing liquidation under India’s new bankruptcy law
The South Korean shipbuilders said that, respectively, they incurred KRW389 billion and KRW290 billion of accumulated losses in the first nine months of 2018.
Revenue from container shipping climbed by 19.9% to RMB78.1 billion, with OOCL contributing RMB11.9 billion.
South Korean steelmaker POSCO has denied media reports claiming it could acquire Daewoo Shipbuilding & Marine Engineering
Japan’s ‘big three’ combined container shipping operations, Ocean Network Express, has been the cause of the trio’s weak earnings.
South Korean parliamentarians opine that government has given too much support to HMM, while sidelining other local shipping businesses
The mutual, which mainly serves German non-operating shipowners posted a marginal surplus of EUR17,147 (USD19,000) down from around EUR55,000 in 2016 and from over EUR400,000 in 2015.
The operator ran up a USD58.75 million net loss in the third quarter, taking its losses for the first three quarters to USD110. 09 million, compared with USD17.97 million last year.